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 by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. 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 has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ Comments COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
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Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage082911.htm
]
White
House working to finalize jobs plan The White House scrambled Monday to
finalize a new jobs initiative as President Obama nominated the last member —
Alan Krueger — of the economic team that will be charged with carrying it out.
(Washington Post) [ If this was only a Jobs plan; as in a ‘Steve Jobs’ plan,
then there could be a modicum of worthy optimism. But alas, a year from those
american jokes called elections, it’s desperation time and one can only assume
that whatever purported to be, the so-called ‘jobs initiative’ is destined to
be unfaffordably extravagant and downright ‘uneconomic’ and inefficient and
throw in ineffective (Drucker loved to discuss and distinguish the two - efficient
/ effective), as well. Yet, even in the ‘Steve Jobs plan’, China et als are
where most of the jobs would be { What’s
Apple without Steve Jobs? Jobs has
the knack of knowing what people want before they do. Can Apple stay ahead of
the curve? (Washington Post) [ Without disparaging the company nor the
remaining employees, what can be said of Apple with certainty in response the
foregoing question is: ‘LESS’. That said, there couldn’t have been a more
propitious time for the great (without even a tinge of sarcasm – among the
relatively few great CEO’s in corporate history) Steve Jobs to leave. Steve Jobs resigns from Apple, Cook becomes CEO - SAN FRANCISCO (Reuters) - Silicon Valley
legend Steve Jobs on Wednesday resigned as chief executive of Apple Inc in a
stunning move that ended his 14-year reign at the technology giant he
co-founded i... [ Far more than just a ‘Silicon Valley legend’, Steve Jobs
literally saved Apple from extinction … I’m truly glad he saved Apple, my first
computer (1986 - apple IIc for word processing / data based records / forms /
templates / data which I interfaced with an electric typewriter for letter
quality) and for that all should be thankful. Apple is the Nasdaq (40%
weighting) and quite more, that now was! That’s past tense. Steve Jobs goes out
a big winner as indeed he should! Yet, make no mistake, as one might expect,
his timing was impeccable inasmuch as without his uniquely inspired innovation,
competition moving in, and particularly the coming debacle / crisis the worst
of which lies ahead, things are not looking up, in and for pervasively corrupt
/ defacto bankrupt america particularly, euphemistically speaking. } .
Ross Perot, who also understood the meaning of the word ‘honor’ was
laughed at for accurately predicting the NAFTA, etc., debacle as jobs have
gone, never to return, despite rhetoric to the contrary. That bell cannot be
‘unrung’, as is true of any betrayal and the consequences thereof. We’re not
talking about perfection in this far less than perfect world; but rather, what
is optimal. The outlook is realistically worse than dismal. The following
includes some protective strategies: Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Drudgereport: Obama Economists Admit:
'Stimulus' Cost $278,000 per Job... Jobless
Recovery?: 25 Unemployment Statistics That Are Almost Too Depressing To Read ‘…
Unemployment is up again! That’s right – even though Wall Street is swimming in
cash and the Obama administration is declaring that “the recession is over”,
the U.S. unemployment rate has gone even higher. So are you enjoying the
jobless recovery? Economic
Collapse Blog Dec 4, 2010 ‘Guess what? Unemployment is up
again! That’s right – even though Wall Street is swimming in cash and the
Obama administration is declaring that “the recession is over”, the U.S.
unemployment rate has gone even higher ... Times are really, really tough and
unfortunately the long-term outlook is very bleak. We should have
compassion on those who are out of work right now, because soon many of us may
join them.
The following
are 25 unemployment statistics that are almost too depressing to read….
#1 According to the Bureau of Labor Statistics, the
U.S. unemployment rate for November was 9.8
percent. This was up from 9.6 percent in October, and it continues a
trend of depressingly high unemployment rates. The official unemployment
number has been at 9.5 percent or higher for well over a year at this point.
#2 In November 2006, the “official” U.S. unemployment
rate was just 4.5
percent.
#3 Most economists had been expecting the U.S. economy
to add about 150,000 jobs in November. Instead, it
only added 39,000.
#4 In the United States today, there are over 15
million people who are “officially” considered to be unemployed for
statistical purposes. But everyone knows that the “real” number is even
much larger than that.
#5 As 2007 began, there were just over 1 million
Americans that had been unemployed for half a year or longer. Today,
there are over
6 million Americans that have been unemployed for half a year or longer.
#6 The number of “persons not in the labor force” in
the United States recently
set another new all-time record.
#7 It now takes the average unemployed American over
33 weeks to find a job.
#8 When you throw in “discouraged workers” and
“underemployed workers”, the “real” unemployment rate in the state of
California is
actually about 22 percent.
#9 In America today there are not nearly enough jobs
for everyone. In fact, there are now approximately
5 unemployed Americans for every single job opening.
#10 According
to The New York Times, Americans that have been unemployed for five weeks
or less are three times more likely to find a new job in the coming month than
Americans that have been unemployed for over a year.
#11 The U.S. economy would need to create 235,120
new jobs a month to get the unemployment rate down to pre-recession levels
by 2016. Does anyone think that there is even a prayer that is going to
happen?
#12 There are 9
million Americans that are working part-time for “economic reasons”.
In other words, those Americans would gladly take full-time jobs if they could
get them, but all they have been able to find is part-time work.
#13 In 2009, total wages, median wages, and average
wages all
declined in the United States.
#14 As of the end of 2009, less than 12 million
Americans worked in manufacturing. The last time that less
than 12 million Americans were employed in manufacturing was in 1941.
#15 The United States has lost at least 7.5
million jobs since the recession began.
#16 Today, only
about 40 percent of Ford Motor Company’s 178,000 workers are employed
in North America, and a big percentage of those jobs are in Canada and
Mexico.
#17 In 1959, manufacturing represented 28
percent of U.S. economic output. In 2008, it represented 11.5
percent.
#18 Earlier this year, one poll found that 28% of all American households had at least one member that
was looking for a full-time job.
#19 In the United States today, over
18,000 parking lot attendants have college degrees.
#20 The United States has lost a staggering
32 percent of its manufacturing jobs since the year 2000.
#21 As the employment situation continues to stagnate,
millions of American families have decided to cut back on things such as
insurance coverage. For example, the percentage of American households
that have life insurance coverage is at its lowest level in
50 years.
#22 Unless Congress acts, and there is no indication
that is going to happen, approximately 2 million Americans will stop receiving unemployment checks over the next
couple of months.
#23 A poll that was released by the Pew Research Center
back in June discovered that an
astounding 55 percent of the U.S. labor force has experienced either
unemployment, a pay decrease, a reduction in hours or an involuntary move
to part-time work since the economic downturn began.
#24 According to Richard McCormack, the United States
has lost over
42,000 factories (and counting) since 2001.
#25 In the United States today, 317,000
waiters and waitresses have college degrees.
But this is
what we get for creating the biggest debt
bubble in the history of the world. For decades we have been digging
a deeper hole for ourselves by going into increasingly larger amounts of
debt. In America today, our entire economy is based on debt. Even
our money
is debt. We were fools if we ever thought this could go on forever.
Just think about it. Have you ever gone out and run up a bunch of
debt? It can be a lot of fun sitting behind the wheel of a new car,
running your credit cards up to the limit and buying a beautiful big house that
you cannot afford. But in the end what happens? It always catches up with you.
Well, our collective debt is starting to catch up with us. There is a sea
of red ink on every level of American society. It is only a matter of
time before it destroys our economy. IF YOU THINK THAT
THINGS ARE BAD NOW, JUST WAIT. THINGS ARE GOING TO GET A WHOLE LOT
WORSE. A HORRIFIC ECONOMIC COLLAPSE IS COMING, AND IT IS GOING TO BE
VERY, VERY PAINFUL.’
The Economic
Collapse: 24 more signs of economic
decline in America…
#1 On Monday, S&P altered its outlook on U.S.
government debt from “stable” to “negative” ..at the rest of the world is
losing faith in the U.S. dollar and in U.S. Treasuries.
#2 China has
announced reducing their holdings of U.S. dollar
#3 .. “panic
dollar selling is setting in” and U.S. dollar in for a huge decline.
#4 The biggest bond fund in the world, PIMCO, is now shorting U.S. government bonds.
#5 Bad economy is causing “ghost towns” to appear all
across the U.S..
#6 There are now about 7.25
million less jobs in America than when the recession began back in 2007.
#7 The average American family is having a really tough time
- Only 45.4% of Americans had a job during 2010. .
#8 Only 66.8% of American men had a job last year-
lowest level ever ..
#9 Avg CEO made 343 times more money than the
average American
#10 Gas prices five dollars per gallon at gas stations.. $6 gas soon
#11 .. 12 months the average price of gasoline in the US
has gone up by
about 30%.
#12 Due to rising fuel prices, American Airlines lost a staggering $436 million during first qtr 2011.
#13 U.S. households now receiving more from the US gov’t
than
they are paying to the government in taxes.
#14 1 of 4
dollars that the U.S. govt borrows goes to pay the interest on the national debt.
#15 Total home mortgage debt in the United States is
now about
5 times larger than it was just 20 years ago.
#16 Total credit card debt in u.s. more than 8 times larger
than 30 yrs ago.
#17 Avg household debt in the United States has
now reached a level of 136% of avg household income. In China, avg
household debt is only 17% of avg household income.
#18 Avg American spends approximately 23 percent
.. on food and gas.
#19 .. 74 percent of u.s. said that they
planned to slow down their spending
#20 59 percent u.s. receive money from the
govt ..
#21 avg length of unemployment in the U.S. is now an
all-time record 39 weeks.
#22 u.s. random acts
of violence”…
#23 Americans are popping
the gold teeth right out of their mouths / selling them to pawn shops.
#24
..u.s. people gobbling up larger and larger amounts of antidepressants / other
drugs. ..’ ]
Recession
as the new normal For millions who exist on the fringes of the workforce,
the recession has become permanent, no longer a crisis to endure so much as a
reality to accept. (Washington Post) [ This, of course, needs sayin’ and thanks
to the author of this article for so sayin’, albeit still somewhat
euphemistically. After all, there are those with a track record of success in
predicting such things (unlike bernanke et als) who’ve already called it and
worse. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To
Meltdown,
predicting the global crisis that occurred the following year. I
now see a similar confluence of events that warns of phase II of the
global crisis… My work shows that “the new recession has started.”… Over the
past 33 years, we have called the start of every recession, often on the exact
month, or within one month, of the official start as determined one year later
by the official arbiter of recession, the National Bureau of Economic Research
(NBER)… However, inflation is far understated for political reasons. Currently,
the GDP deflator is 1.8%, which hardly reflects the true rise in prices.
Therefore, what is counted as “growth,” is actually price increases. Actual
inflation, according to free market economists who calculate inflation as it
was done in 1980 before the politician re-engineered it, is now more than 11%.
Using that to adjust GDP for inflation, would show that the economy is now in a
very sharp contraction…’ U.S.
GDP estimate revised downward
Adjustment, which followed news of lower-than-expected growth, is likely
to fuel fears of a new recession. (Washington Post) [ Yet stocks rallied. They
rally on the fake numbers, and rally even when the bad fake numbers are revised
downward. Yeah … rally mode … party mode … commission mode on the way down …
for the frauds on wall street, unlike the motto of the dreaded IRS of ‘get you
now, or get you later’, their motto is ‘get you now, and get you later. Really
quite outrageous! The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! Train
Reading: The Stock Market Is (Criminally) InsaneThe Wall Street
Journal , Massive Understatement: Mohamed
El-Erian’s reply to Frank Motek 1070am regarding particularly the 300+ point
swing to the upside today, ‘(they’re) confused’! Indeed they are! But when
you’re commissioning those manipulated computer programmed high-frequency-trade
swings, churning and earning at lightning speed, such euphemistic criticism
falls short with the impact of water off a duck’s back. Moreover, how pathetic are they, those
Pavlov dogs on wall street salivating at the mere prospect of a QE handout
ultimately at taxpayer expense, in one form or another. Even more pathetic is
the so-called ‘rally’ based on a purported rethink of fedspeak alleged to be so filled with ‘ latent / hidden ‘
meaning of a form of QE welfare down the road. Those pathetic ‘titans of
capitalism’; aka, the frauds of wall street.
Never mind that the QE’s have failed miserably and at great costs
(inflation, financial, economic, etc.) and detriment to all but the frauds on
wall street by way of their manipulated computer-programmed ( high frequency trading)
commissioned churn-and-earn. Wall street’s rise has been among the causes of
and concomitant to main street’s and america’s decline /
demise. Remember, there is no modern day alchemy that
spins worthless paper into gold except fraudulently for the frauds on wall
street who’ve literally oftimes done exactly that; ‘cashing out’ for hard
currency and gold, precious metals, at everyone else’s expense including main
street. They’re just not that important and represent, like termites eating
away at the nation’s foundation, a drag on the economy, the nation as one would
expect from parasites such as they are. So
what’s changed of significance? Nothing! Absolutely nothing; yet a manipulated
computer-programmed ( high frequency trading bots )
churn-and-earn suckers’ rally based on desperation, bad news, fraud and
b***s*** alone to suck suckers in and keep suckers sucked in. Horrific news on
the economic front particularly since the anemic (revised downward – and I
think much worse than reported) 1% GDP growth is all owing to hefty price
increases / inflation, fudged and not reported accurately. This is an especially great opportunity to
sell / take profits because there’s much worse to come! , , Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com , Bernanke
- Man of Mystery: Dave's Daily at TheStreet ‘Bernanke
did what a lot of people expected him to do -- speak softly but carry a big
printing press. After being down nearly 200 points the DJIA rallied to close
higher by 135 points. Pundits shrugged embracing the idea if something was
really wrong Bernanke would have acted; besides, bulls' reasoned stocks are
cheap based on trailing PEs of around 12. Away from that was more crummy
economic news with GDP printing at only 1% growth. This may be revised lower
again like most other indicators of late…’ (Dave’s
Daily:’.. The HAL 9000s have
been doing business as HFTs (High Frequency Traders) launching many buy or sell
programs using complex algorithms which can drive prices on indexes higher or
lower in dramatic fashion. One of their great acts is called "quote
stuffing". It's another illegal activity which the SEC hasn't quite
figured out. It's as futile for them as the illegal fee-driven recent
end-of-quarter price jam-job..’)
Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry
Dent, Jr. Economy will be in a Depression by 2011 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. 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). Fed
Economists Predict A 15 Year Bear Market For Stocks Aug 23rd, 2011 News
(BusinessInsider) Despite being glad that Apple has survived (though outlook
now dimmed regardless of rhetoric and beyond the Jobs retirement), ‘american
technology is horrendous and vastly overrated!’ I really mean it, and that’s
reality, which speaks volumes about the pathetic state of the world , Play It
Again Sam: Dave's Daily [ As
always, Dave is spot-on as an astute, knowledgeable, seasoned veteran of the
markets. ] ‘ …Thursday
was another great show starring Jobless Claims, Warren Buffet, HAL 9000s, Steve
Jobs and, of course, Da Boyz running the CRIMEX (COMEX and CME) on precious
metals options expiration.The spin on Jobless Claims data was prior claims were
adjusted higher making recent higher claims look not so bad especially when you
add Verizon workers. Warren Buffett entered from stage left with a $5 billion investment in Bank of America
giving him 6% interest tax-free (a "coddled" billionaire?) and making
he and Berkshire a new TARP program. The HAL 9000s have been doing business as
HFTs (High Frequency Traders) launching many buy or sell programs using complex
algorithms which can drive prices on indexes higher or lower in dramatic
fashion. One of their great acts is called "quote stuffing". It's
another illegal activity which the SEC hasn't quite figured out. It's as futile
for them as the illegal fee-driven recent end-of-quarter price jam-job. One of
these actions was featured courtesy of our friends at Zero
Hedge and depicted below as it occurred Thursday afternoon. The first chart
features the quotes per second (NOTE: one instance exceeding 800 quotes per
second). The next chart shows the market's simultaneous reaction. http://www.thestreet.com/tsc/daves/082511/image002.jpg Steve Jobs sadly is retiring from his
leading role as Apple CEO but the stock hardly budged given the
products and brand are already well-known and his retirement was much
anticipated. Last, but not least certainly, was the performance of Da Boyz
production of gold price manipulation…’ Previous: Manipulated
computer-programmed ( high frequency trading bots )
churn-and-earn suckers’ rally into the close based on desperation, fraud and
b***s*** alone to suck suckers in and keep suckers sucked in! Stocks up on government report (I consistently and
here now again warn of fake reports / data) on durables far better than
expectations / reality…100% better? I don’t think so! … Come on … sheer
desperation at best! Steve Jobs
resigns from Apple, Cook becomes CEO - SAN FRANCISCO (Reuters) -
Silicon Valley legend Steve Jobs on Wednesday resigned as chief executive of
Apple Inc in a stunning move that ended his 14-year reign at the technology
giant he co-founded i... [ Far more than just a ‘Silicon Valley legend’, Steve
Jobs literally saved Apple from extinction … I’m truly glad he saved Apple, my
first computer (1986 - apple IIc for word processing / data based records /
forms / templates / data which I interfaced with an electric typewriter for
letter quality) and for that all should be thankful. Apple is the Nasdaq (40%
weighting) and quite more, that now was! That’s past tense. Steve Jobs goes out
a big winner as indeed he should! Yet, make no mistake, as one might expect,
his timing was impeccable inasmuch as without his uniquely inspired innovation,
competition moving in, and particularly the coming debacle / crisis the worst
of which lies ahead, things are not looking up, in and for pervasively corrupt
/ defacto bankrupt america particularly, euphemistically speaking. ] End Of
Cycle Smelling Like Dow 3K, Gold 3K Forbes
/ Bill Bonner
… ‘Our view [ the correct
view ] is that the bear market began in January 2000. The feds fought it off
with two huge extravaganzas of spending — the first beginning in 2001 the other
after 2008. Stimulus does wonders for stock prices but it no longer works for
the economy that sustains them. For every dollar that the Fed has put to work
to fight the crisis since 2008, for example, it has produced only 80 cents
worth of GDP. It didn’t work……that the recession of ’08-’09 in the US never
actually ended……and that stocks will go down over the next 5-10 years until
they finally hit a real bottom…’
A
win for Big Government The response
to Hurricane Irene refutes Tea Partyers who denounce government. (Washington
Post) [ Ah, sweet Mr. Milbank. No more the champion of lost causes (ie., wobama
the b for b***s***), he moved on to the larger, ‘indispensable aggregate’,
viz., ‘big government itself’. Yes, it’s true that the people weren’t ‘katrinaed’,
and the non-stop news coverage which as mainstream can certainly be lumped in
here with ‘big government’; but it’s difficult to see what ‘big government’
really did or accomplished in mitigating the effects of this far ‘less than
expectations’ category 1 hurricane / tropical storm. It is specious at best and
dangerous at worse to be hailing ‘big government’ as the answer when ‘big
government’ has proven to be an unmitigated disaster in and of itself. If only
so-called ‘big government’ prosecuted (as they’re empowered) the big crimes
rather than participate in and cover up those nation-debilitating,
nation-destroying crimes as has become so typical, regardless of the
administration or party. Drudgereport: DOJ
raids guitar factory... [ With unprosecuted securities fraud in the
trillions, and my own experience with the ‘DOJ’ that has covered up serious
RICO crimes, etc., http://albertpeia.com/fbimartinezcongallard.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm , I find this somewhat incredulous
in terms of priorities!] UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black
defendants and white victims '. With wobama et als, the jive-talking b***s***
never ends! N.Y.
bumped from foreclosure panel Iowa’s attorney general says N.Y. official
“actively worked to undermine” group’s efforts in foreclosure negotiation with
banks. (Washington Post) [ Yeah! No surprise here! Yet new jersey’s
‘representative’ would have been equally disingenuous in corruptly carry out
his / her duties, so ‘doody-full’ are they, from there! Sen. Chuck Grassley “It doesn’t make
sense that an agency responsible for investigations would want to get rid of
potential evidence…’ [ Oh but it does make sense Sen. Grassley: Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ] Details
of Obama’s jobs plan emerge (Washington Post) [ Oh come on! Too little, too late for ‘wobama the b’ (for
b***s***), the eternal campaign(er) … he’s got a ‘good rap’ … that rapper
‘wobama the b’ (for b***s***). Really!
He’s a total embarrassment out there on the campaign trail; and just as much an
embarrassment for those who turn out to see him … maybe he’s somewhat of an
allure as in a freak show. He’s a total joke! To be finally talking jobs and
things just before the election having broken previous campaign promises in his
failed role as ‘bush failure 3’. Even his pension is undeserved so much a fraud
is he! Black
caucus: Tired of making excuses for Obama [ They are not alone! ] Washington
Examiner | A key member of
the Congressional Black Caucus says they don’t pressure President Obama because
he is loved by black voters. Obama ‘Takes More Vacations Than Any Human Being I’ve
Ever Seen’ Fox News | “Here we have a country that really is going
to hell in a handbasket.” Bus Tour Bust: Obama’s Approval Plummets Back Into 30s,
Says Gallup CNS News | Obama’s politically charged but taxpayer
funded bus tour through the Midwest turned into a bust yesterday. Disapproval of Congress Hits All Time High of 84%
Drudgereport: BLACK CAUCUS ON OBAMA: 'WE'RE GETTING TIRED' [ Not as
tired of wobama’s b***s*** / excuses as the ‘White Caucus’ and any other Caucus
– but, don’t be taken in by their b***s***; they’ll ‘back the black’ every
time, regardless! ]New low of 26% approve of Obama on economy...
Inflation
builds...
FOOD
PRICES RISING...
UNEMPLOYMENT
UP...
OBAMA
TO LAY OUT JOBS PLAN -- AFTER VACATION...
'Takes
More Vacations Than Any Human Being I've Ever Seen'...
Commiserates
with jobless, then off to the Vineyard...
Even
that italian, belafonte, isn’t buying ‘wobama brand(ed)’:
Drudgereport: HARRY
BELAFONTE: Obama 'has failed'...
NOONAN:
'HE IS A LOSER'...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most importantly,
realize that if wobama’s actions had not belied his words/campaign promises,
the nation’s position, though still ominous, would have been substantially
improved.
Dick
Cheney’s self-serving memoir REVIEW
| “In My Time” serves mainly to reaffirm the former vice president’s lack of
regrets. (Washington Post) [ Yes. Lack of regrets. That is exactly what you’d
expect from an unconflicted psychopath as war criminal cheney most certainly
is. The unassuming cheney, barely noticeable in his prior manifestations in one
form / position or another, in trying so desperately to imprint himself on the
administration of fellow war criminal and moron bush, has been nothing short of
disasterous for the world and this country particularly. Clearly, the meds
cheney’s had to consistently take have shaken up / messed up his body / brain
chemistry to the point where cheney’s nothing less than psychotic in the most
negative sense. Indeed, his ‘change’
from somewhat balanced to psychopathic was not lost on former supporter
/ endorser Gerald Ford who commented publicly, albeit euphemistically, on how
mean cheney had become. Such is the way / demeanor of a psychopath upon that
defining break from sanity. For those soldiers who were called upon to carry
out his sociopathic obsessions, his message to them in explaining his 5
deferments when his nation called on him was that he had better, more important
things to do (school deferments). Psychopath that cheney is, and nothing more,
who has cost this world and nation immeasurably, cheney is indeed the
proverbial ‘dead man walking’. Dick Cheney: One Year As a Walking Zombie Paul
Joseph Watson & Alex Jones | Former VP marks anniversary as member of the
living dead. 10
Indications The United States Is A Dictatorship http://www.activistpost.com/2011/05/10-indications-united-states-is.html 8. Torture: Torture has
long been a tactic used by America. In fact it runs the leading school on its
methods. The School
of the Americas has been responsible for training Latin American
dictators and their thugs on how to intimidate the local population and rule
with an iron fist. However, the torture debate has hit mainstream media in
a serious discussion about its effectiveness, especially following the
assassination of Osama bin Laden. Aside from the despicable morals
involved, torture
doesn’t work for intelligence gathering, according to
experts. Furthermore, the legalization of torture was what really brought
the dreaded Russian
secret police out into the open. When such a declaration is
made, it is literally a recruiting strategy to find the criminals and sadists
who would love to be part of such a system. Torture is not normal work
for normal people; it is the work of psychopaths such as Dick
Cheney who loves the tactic of waterboarding so much that he has
stated it should be brought back and used more widely. No nation that
uses torture to obtain confessions can be called legitimate. It is only used as
a tool of intimidation and oppression by totalitarian regimes.
For a people
to be free, they must first be honest with themselves, their government, and
the world at large. History is filled with stories of free nations that fell
under the spell cast by their governments who exploited the threat of terror…
1. Rule
by force, not by law: This is where it all begins; when the legal
framework that serves to define a country and its behavior is dismantled and intimidation
tactics take over. In the most extreme case, drone bombings
and assassinations have begun of non-citizens, as well as U.S.
citizens, leading only to a debate over whether U.S. citizens
should be stripped
of citizenship before assassination. Governmental
assassinations are in complete opposition to the laws
of America and all international laws and agreements. In the
last week we have also seen the official
elimination of the 4th Amendment in Indiana, which is a clear
precedent-setting ruling to say that the State now believes that it owns the
property and person of its citizens. As a result, the militarized
police have been granted unlimited access, which will only cause
an escalation in cases of police brutality and misconduct. This is yet
another addition to the precedent set by TSA
groping and sexual harassment in airports, Child Protective
Services kidnapping
children of activists in pro-liberty causes, public school surveillance,
and the lawless detention of activists who videotape
the police. All areas of society are now ruled top-down
through state legislation adopted to justify federal grants that have installed
a police state apparatus in America. And these federal agencies such as
the TSA actually believe they
rule supreme over the states. We now live in a country where
CIA abductions, overseas detention, torture and assassinations can be carried
out against Americans without
due process and without recourse if later cleared.
Consequently, an atmosphere has been created where the government is
permitted to break countless laws, like warrantless GPS tracking of activists
by the FBI, while average citizens are guilty of pre-crimes. The increase
in executive power under the aegis of National Security is our greatest threat
and has led to all that follows.
2. Crushing
peaceful protest: Despite the current
mission to defend protesters living in dictatorships overseas,
when George Bush brought “free speech zones” to America it effectively spelled
the end of peaceful, lawful street protest. Now the full force of
brutality and surveillance has been unleashed upon the very people intent in
stopping it through peaceful means. It is as sure a sign as any about
totalitarian intentions, when anti-war
activists have become one of the targets. The activist is
beginning to equal terrorist in the all-seeing eye of the State, and any street
gathering is a sure sign to let loose all of the riot weapons that were
formerly used against insurgents on foreign battlefields. One look at the
G20
protest in Pittsburgh, a recent Illinois
University event, and the ongoing travesty of the torture
and incarceration of Bradley Manning, and we can begin to see
through the propaganda of White House officials when they talk about terrible
dictators in other nations crushing dissent.
3. Checkpoints:
The slow acclimation of the populace to military-style checkpoints began first
as border
control operations up to 100 miles inland in what the ACLU calls
the Constitution
Free Zone. However, this has rather quickly morphed into
local traffic stops across the country for “unsavory” characters such as those
targeted by the Amber Alert system and DUI checkpoints. Though
apparently well meaning, we are now far beyond even loosely suspected criminal
activity, as VIPR
teams have been introduced to take
over public transportation and events. The TSA tyranny has
hit the streets of America, now forming a de facto internal passport
system straight out of the totalitarian playbook. The expanding
checkpoint system dovetails with new initiatives such as the No
Ride List proposal of Chuck Shumer, building upon the No Fly List
already in place. These no-travel lists are extrajudicial, secret, and
form a guilty-until-proven innocent framework that subverts freedom instead of
protecting it. Incidentally, this element of constant suspicion is
exactly what leads to a citizen spy network.
4. Citizen
spy network: Dictatorships know how difficult it is to rule over large
populations with only the relatively small numbers of military and police.
Despite the lessons of terror created by citizen surveillance that the
East German Stasi files left us to examine, just such a network
has been openly introduced to present-day America — and now it’s even more
high-tech and populated.
Secret black budget projects organized through the NSA like Perfect
Citizen is just one among many. Our head of Homeland
Security, Janet Napolitano — in partnership with retailer Wal-Mart
– kicked off the See
Something, Say Something program, which goes beyond the already
high-tech surveillance apparatus of the NSA and turns each of us into an unpaid
employee of the police state. Similarly, the web of cameras and data
mining is far too massive for even the well-funded NSA, but with gadgets at our
disposal we can now download
apps to enable spying on our neighbors. Most dangerous of
all, though, is new legislation introduced by Peter King that enshrines Janet
Napolitano’s program and would provide
immunity for accusers “acting in good faith” while reporting
suspicious activities. This is guaranteed to lead to false arrests and
disappearances, just as it has on every occasion throughout history when a
society’s fear becomes self-directed.
5.
Executive Orders: This is means by which a dictator can come to power
in the United States, despite a framework of checks and balances. Any
time a country has centralized its power to the executive branch by erasing the
checks and balances of separate legislative and judicial bodies, the result has
been dictatorship. And this normally happens when national security is
“threatened.” The Constitution is clear, however: only the legislature
(Congress) can make laws. Yet, the use of Executive Orders has increased,
beginning with President Clinton who came under fire for his abuse of this
power, becoming one of only two presidents (the other was Truman’s E.O. 12954)
to have an Executive Order struck down by the courts. His
successors seem only to have been
encouraged. Clinton issued 14, George W. issued over 60, and Obama
is at 26 with many more to be expected if he wins a second term. Among the most
egregious of Obama’s orders is the ability to
hold detainees indefinitely even after a court has found them not
guilty. Executive Orders also form the basis for control over regulatory
agencies, which then impose the directives. While it seems multi-layered
with potential checks and balances, all directives can now be issued top-down
in dictatorial fashion.
6. Control
of regulatory agencies: This is the more insidious and, ultimately,
dangerous tactic used by dictatorships. Dictatorship through regulation
invades every
facet of society without relying only upon overt violence.
As mentioned above, only the legislature can make laws. However, the
legislature has created “regulatory bodies” which make de facto laws
through “violations” that rob us of freedom. There is no clearer example
at the moment than the FDA, which has brought in near-total food
control. The FDA is working in concert with a global agenda
being foisted upon us through the Codex
Alimentarius commission in Europe which essentially renders
anything healthy as toxic, and all that is toxic as healthy.
Regulatory agencies in the United States have engendered a system where the corporate-government
revolving door leads to corruption and consolidation — not free markets.
The current regulations are opposed to the principles of freedom and
independence, and favor only those in positions to make money from more
control; so more control and less freedom is what we can expect under these
federal directives controlling the states.
7.
President declares war unilaterally: Despite the parade of
lies that led to wars in Iraq and Afghanistan, it pales in
comparison with the new war in Libya and other interventions and sanctions
throughout the Middle East and North Africa. Through Executive Orders,
outlined above, the President can declare war so long as there is a resolution
passed by Congress. This has been dispensed with through Obama’s
illegal wars, and it appears that Congress could go even further
by ceding its power completely to the president. The disregard for
Congressional approval is already dictatorial, but if this last step is taken
we will effectively be living in a permanent
state of war tantamount to WWIII that will be controlled at the
sole discretion of the current and future presidents. This unilateral
power to drag nations into war without checks and balances is a hallmark of dictatorships
where entire countries are swept along purely by the ideology of their leader.
As Ron Paul and Lew Rockwell have
stated, “We have a dictatorship when it comes to foreign
policy.” With the latest development, it is actually a dictatorship when
it comes to domestic
policy as well, since America’s espionage network has turned
inward, and this new presidential power would not be limited to overseas
actions.
8. (supra)
9. Forced
labor camps (gulags): This is when we know that a totalitarian society
has arrived in full and our society is run completely by coercion. As Naomi
Wolf has illustrated, “With its jails in Iraq and Afghanistan,
and, of course, Guantánamo in Cuba, where detainees are abused, and kept
indefinitely without trial and without access to the due process of the law,
America certainly has its gulag now.” Additionally, a silent gulag has
already been created inside America, starting with the nation’s prisoners who
are increasingly locked up within a for-profit
prison-industrial system that makes money both on the construction
of prisons as well as the cheap
labor force. The Defense Department itself pays
prisoners 23 cents per hour to build its weapons systems, which is clearly
a type of slave labor. One might immediately argue that there is a huge
difference between real prisoners and innocent people swept off the streets as
they were in Stalinist Russia, for example, or in modern day North Korea and
China. That is to presume, however, that everyone in prison is guilty;
and, if they are, that the crimes which have sent them there really constitute
offenses worthy of prison sentences. America has the world’s
largest prison population and the highest
incarceration rate precisely because nearly everything is a
jail-time crime, and there is money to be made by the growing corporate prison
system. The War on Drugs alone has led to a disproportionate number of
inmates for non-violent offenses among the already 2.4 million in jail and the
5 million on probation. With the economy imploding, even debtors
prisons have made a comeback. Although FEMA camps
are still relegated to fringe conspiracy
theory, we should be wary of the potential endgame for such a
proven system of oppression. Through Continuity
of Government, national emergency directives would openly suspend
the Constitution and could possibly lead once
again to internment camps in America.
10. Control
over all communications (propaganda): Once the physical
framework of dictatorial control has been set up, then the justification for
its continued presence can commence. The type of high-tech control grid
now put into place in The United States to this point has only been explored in
works of fiction such as 1984,
which has led Paul
Craig Roberts to draw a correct parallel. A public emergency
announcement system has in fact been in place since the ’50s, whereby the
president can interrupt television and radio to deliver critical
messages. However, this has been recently expanded as the FCC
voted to mandate (PDF) “the first-ever Presidential alert to be
aired across the United States on the Nation’s Emergency Alert System (EAS),”
Now, with the arrival of the trackable smartphone that can
be hijacked to bring government messages (emergency or not) we
find ourselves “willing” participants in a scenario reaching far beyond 1984.
Using the bin Laden assassination and the threat of guaranteed reprisal, the
government has announced that the president will break into these private
networks to carry PLAN
government messages and warnings; and there is no opt-out. At the
same time, we have seen the buildup in rhetoric leading toward Internet
control. As always, an unsavory element of society
(pirating) has been used as one of the pretexts to introduce government control
over private industry, while cybersecurity lays claim to total control over the
infrastructure for national emergencies. Ideologically, Obama advisor,
Cass Sunstein, has proposed a fairness
doctrine for the Internet that would enable a government overlay
on private websites that would offer counter opinions to anti-establishment
content. We are approaching a situation worse
than China, where both mental intrusion via propaganda and
physical intrusion via systems control are merging. It is not comforting
to know, also, that the president made a shocking claim recently that he
can censor unclassified documents. There is clearly a
concerted effort to take over all forms of information, permitting the
government to alter it or censor it before consumption by its citizens.
In any other country we would call this a dictatorship.
It would appear that the
United States should be a called a dictatorship based on the above criteria.
Once the atmosphere is established, average participants need not be part of a
conspiracy, as they tend to unquestioningly go with the flow. However, we
must acknowledge that the U.S. is in a vastly different position than
totalitarian regimes of the past, as well as her contemporaries. America has a
history that is built upon the foundation of resistance to dictators.
This memory needs to be invoked by following the protections outlined in our
founding documents, particularly the power of the states to resist Federal
tyranny. The protections therein can be restored once we have the courage
to admit how much freedom we have lost, then refuse to succumb to a fear-based
perception of reality. Only then will Liberty, Love and Peace prevail!’
Stocks
rise amid global optimism Bank of America and JP Morgan rallied at least
2.1 percent, following gains in European banks. (Washington Post) [The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! Train
Reading: The Stock Market Is (Criminally) InsaneThe Wall Street
Journal , What
to Expect Next From the Markets at Minyanville Jeffrey Cooper
Aug 29, 2011 ‘Conclusion: It looks
like a program was run using the least amount of dollars to goose the indices
by focusing on some big cap names like Apple (AAPL),
Amazon (AMZN),
Baidu (BIDU), IBM
(IBM),
and Caterpillar (CAT) on Friday.
That is why the market is so dangerous here…‘ Arguments
for Being in the Crash Camp Conor Sen Aug 29, 2011 ‘If you want to take risk, only
own things you're willing to own in a down 20-30% tape, because that's what we
could see over the next month...’
Scandal scarred commerce dept. report on consumer spending with anemic
income figures (typically as always unworthy of belief as unbelievable anything
the government says in their desperation) spurs suckers’ rally (along with some
short covering) to suck suckers in and keep suckers sucked in. Massive Understatement: Mohamed El-Erian’s reply to
Frank Motek 1070am regarding particularly the 300+ point swing to the upside
today, ‘(they’re) confused’! Indeed they are! But when you’re commissioning those
manipulated computer programmed high-frequency-trade swings, churning and
earning at lightning speed, such euphemistic criticism falls short with the
impact of water off a duck’s back. Moreover, how pathetic are they, those
Pavlov dogs on wall street salivating at the mere prospect of a QE handout
ultimately at taxpayer expense, in one form or another. Even more pathetic is
the so-called ‘rally’ based on a purported rethink of fedspeak alleged to be so filled with ‘ latent / hidden ‘
meaning of a form of QE welfare down the road. Those pathetic ‘titans of
capitalism’; aka, the frauds of wall street.
Never mind that the QE’s have failed miserably and at great costs
(inflation, financial, economic, etc.) and detriment to all but the frauds on
wall street by way of their manipulated computer-programmed ( high frequency trading)
commissioned churn-and-earn. Wall street’s rise has been among the causes of
and comcomitant to america’s decline / demise. Remember, there is no modern day alchemy that spins
worthless paper into gold except fraudulently for the frauds on wall street
who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and
gold, precious metals, at everyone else’s expense including main street.
They’re just not that important and represent, like termites eating away at the
nation’s foundation, a drag on the economy, the nation as one would expect from
parasites such as they are. So what’s changed of
significance? Nothing! Absolutely nothing; yet a manipulated computer-programmed
( high frequency
trading bots ) churn-and-earn suckers’ rally based on desperation,
bad news, fraud and b***s*** alone to suck suckers in and keep suckers sucked
in. Horrific news on the economic front particularly since the anemic (revised
downward – and I think much worse than reported) 1% GDP growth is all owing to
hefty price increases / inflation, fudged and not reported accurately. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To Meltdown, predicting the
global crisis that occurred the following year. I now see a similar
confluence of events that warns of phase II of the global crisis… My work
shows that “the new recession has started.”… Over the past 33 years, we have
called the start of every recession, often on the exact month, or within one
month, of the official start as determined one year later by the official
arbiter of recession, the National Bureau of Economic Research (NBER)… However,
inflation is far understated for political reasons. Currently, the GDP deflator
is 1.8%, which hardly reflects the true rise in prices. Therefore, what is
counted as “growth,” is actually price increases. Actual inflation, according
to free market economists who calculate inflation as it was done in 1980 before
the politician re-engineered it, is now more than 11%. Using that to adjust GDP
for inflation, would show that the economy is now in a very sharp contraction…’
This is an especially great opportunity to
sell / take profits because there’s much worse to come!
, Despite being glad that Apple has survived (though outlook
now dimmed regardless of rhetoric and beyond the Jobs retirement), ‘american
technology is horrendous and vastly overrated!’ I really mean it, and that’s
reality, which speaks volumes about the pathetic state of the world , Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com , Bernanke
- Man of Mystery: Dave's Daily at TheStreet ‘Bernanke
did what a lot of people expected him to do -- speak softly but carry a big
printing press. After being down nearly 200 points the DJIA rallied to close
higher by 135 points. Pundits shrugged embracing the idea if something was
really wrong Bernanke would have acted; besides, bulls' reasoned stocks are
cheap based on trailing PEs of around 12. Away from that was more crummy
economic news with GDP printing at only 1% growth. This may be revised lower
again like most other indicators of late…’ (Dave’s
Daily:’.. The HAL 9000s have
been doing business as HFTs (High Frequency Traders) launching many buy or sell
programs using complex algorithms which can drive prices on indexes higher or
lower in dramatic fashion. One of their great acts is called "quote
stuffing". It's another illegal activity which the SEC hasn't quite
figured out. It's as futile for them as the illegal fee-driven recent
end-of-quarter price jam-job..’)
Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry
Dent, Jr. Economy will be in a Depression by 2011 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. 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). Fed
Economists Predict A 15 Year Bear Market For Stocks Aug 23rd, 2011 News
The frauds on wall street
et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train
Reading: The Stock Market Is (Criminally) InsaneThe Wall Street
Journal , What
to Expect Next From the Markets at Minyanville Jeffrey Cooper
Aug 29, 2011 ‘Conclusion: It looks
like a program was run using the least amount of dollars to goose the indices
by focusing on some big cap names like Apple (AAPL),
Amazon (AMZN),
Baidu (BIDU), IBM
(IBM),
and Caterpillar (CAT) on Friday.
That is why the market is so dangerous here…‘ Arguments
for Being in the Crash Camp Conor Sen Aug 29, 2011 ‘If you want to take risk, only
own things you're willing to own in a down 20-30% tape, because that's what we
could see over the next month...’
Scandal scarred commerce dept. report on consumer spending with anemic
income figures (typically as always unworthy of belief as unbelievable anything
the government says in their desperation) spurs suckers’ rally (along with some
short covering) to suck suckers in and keep suckers sucked in. Massive Understatement: Mohamed El-Erian’s reply to
Frank Motek 1070am regarding particularly the 300+ point swing to the upside
today, ‘(they’re) confused’! Indeed they are! But when you’re commissioning
those manipulated computer programmed high-frequency-trade swings, churning and
earning at lightning speed, such euphemistic criticism falls short with the
impact of water off a duck’s back. Moreover, how pathetic are they, those
Pavlov dogs on wall street salivating at the mere prospect of a QE handout
ultimately at taxpayer expense, in one form or another. Even more pathetic is
the so-called ‘rally’ based on a purported rethink of fedspeak alleged to be so filled with ‘ latent / hidden ‘
meaning of a form of QE welfare down the road. Those pathetic ‘titans of
capitalism’; aka, the frauds of wall street.
Never mind that the QE’s have failed miserably and at great costs
(inflation, financial, economic, etc.) and detriment to all but the frauds on
wall street by way of their manipulated computer-programmed ( high frequency trading)
commissioned churn-and-earn. Wall street’s rise has been among the causes of
and comcomitant to america’s decline / demise. Remember, there is no modern day alchemy that
spins worthless paper into gold except fraudulently for the frauds on wall
street who’ve literally oftimes done exactly that; ‘cashing out’ for hard
currency and gold, precious metals, at everyone else’s expense including main
street. They’re just not that important and represent, like termites eating
away at the nation’s foundation, a drag on the economy, the nation as one would
expect from parasites such as they are. So
what’s changed of significance? Nothing! Absolutely nothing; yet a manipulated
computer-programmed ( high
frequency trading bots ) churn-and-earn suckers’ rally based on desperation,
bad news, fraud and b***s*** alone to suck suckers in and keep suckers sucked
in. Horrific news on the economic front particularly since the anemic (revised
downward – and I think much worse than reported) 1% GDP growth is all owing to
hefty price increases / inflation, fudged and not reported accurately. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To Meltdown, predicting the
global crisis that occurred the following year. I now see a similar
confluence of events that warns of phase II of the global crisis… My work
shows that “the new recession has started.”… Over the past 33 years, we have
called the start of every recession, often on the exact month, or within one
month, of the official start as determined one year later by the official
arbiter of recession, the National Bureau of Economic Research (NBER)… However,
inflation is far understated for political reasons. Currently, the GDP deflator
is 1.8%, which hardly reflects the true rise in prices. Therefore, what is
counted as “growth,” is actually price increases. Actual inflation, according
to free market economists who calculate inflation as it was done in 1980 before
the politician re-engineered it, is now more than 11%. Using that to adjust GDP
for inflation, would show that the economy is now in a very sharp contraction…’
This is an especially great opportunity to
sell / take profits because there’s much worse to come!
, Despite being glad that Apple has survived (though outlook
now dimmed regardless of rhetoric and beyond the Jobs retirement), ‘american
technology is horrendous and vastly overrated!’ I really mean it, and that’s
reality, which speaks volumes about the pathetic state of the world , Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com , Bernanke
- Man of Mystery: Dave's Daily at TheStreet ‘Bernanke
did what a lot of people expected him to do -- speak softly but carry a big
printing press. After being down nearly 200 points the DJIA rallied to close
higher by 135 points. Pundits shrugged embracing the idea if something was
really wrong Bernanke would have acted; besides, bulls' reasoned stocks are
cheap based on trailing PEs of around 12. Away from that was more crummy
economic news with GDP printing at only 1% growth. This may be revised lower
again like most other indicators of late…’ (Dave’s
Daily:’.. The HAL 9000s have
been doing business as HFTs (High Frequency Traders) launching many buy or sell
programs using complex algorithms which can drive prices on indexes higher or
lower in dramatic fashion. One of their great acts is called "quote
stuffing". It's another illegal activity which the SEC hasn't quite
figured out. It's as futile for them as the illegal fee-driven recent
end-of-quarter price jam-job..’)
Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry
Dent, Jr. Economy will be in a Depression by 2011 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. 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). Fed
Economists Predict A 15 Year Bear Market For Stocks Aug 23rd, 2011 News (BusinessInsider) Play It
Again Sam: Dave's Daily [ As
always, Dave is spot-on as an astute, knowledgeable, seasoned veteran of the
markets. ] ‘ …Thursday
was another great show starring Jobless Claims, Warren Buffet, HAL 9000s, Steve
Jobs and, of course, Da Boyz running the CRIMEX (COMEX and CME) on precious
metals options expiration.The spin on Jobless Claims data was prior claims were
adjusted higher making recent higher claims look not so bad especially when you
add Verizon workers. Warren Buffett entered from stage left with a $5 billion investment in Bank of America
giving him 6% interest tax-free (a "coddled" billionaire?) and making
he and Berkshire a new TARP program. The HAL 9000s have been doing business as
HFTs (High Frequency Traders) launching many buy or sell programs using complex
algorithms which can drive prices on indexes higher or lower in dramatic
fashion. One of their great acts is called "quote stuffing". It's
another illegal activity which the SEC hasn't quite figured out. It's as futile
for them as the illegal fee-driven recent end-of-quarter price jam-job. One of
these actions was featured courtesy of our friends at Zero
Hedge and depicted below as it occurred Thursday afternoon. The first chart
features the quotes per second (NOTE: one instance exceeding 800 quotes per
second). The next chart shows the market's simultaneous reaction. http://www.thestreet.com/tsc/daves/082511/image002.jpg Steve Jobs sadly is retiring from his
leading role as Apple CEO but the stock hardly budged given the
products and brand are already well-known and his retirement was much
anticipated. Last, but not least certainly, was the performance of Da Boyz
production of gold price manipulation…’ Previous: Manipulated computer-programmed ( high frequency trading bots )
churn-and-earn suckers’ rally into the close based on desperation, fraud and
b***s*** alone to suck suckers in and keep suckers sucked in! Stocks up on government report (I consistently and
here now again warn of fake reports / data) on durables far better than
expectations / reality…100% better? I don’t think so! … Come on … sheer
desperation at best! Steve Jobs
resigns from Apple, Cook becomes CEO - SAN FRANCISCO (Reuters) -
Silicon Valley legend Steve Jobs on Wednesday resigned as chief executive of
Apple Inc in a stunning move that ended his 14-year reign at the technology
giant he co-founded i... [ Far more than just a ‘Silicon Valley legend’, Steve
Jobs literally saved Apple from extinction … I’m truly glad he saved Apple, my
first computer (1986 - apple IIc for word processing / data based records /
forms / templates / data which I interfaced with an electric typewriter for letter
quality) and for that all should be thankful. Apple is the Nasdaq (40%
weighting) and quite more, that now was! That’s past tense. Steve Jobs goes out
a big winner as indeed he should! Yet, make no mistake, as one might expect,
his timing was impeccable inasmuch as without his uniquely inspired innovation,
competition moving in, and particularly the coming debacle / crisis the worst
of which lies ahead, things are not looking up, in and for pervasively corrupt
/ defacto bankrupt america particularly, euphemistically speaking. ] End Of
Cycle Smelling Like Dow 3K, Gold 3K Forbes
/ Bill Bonner
… ‘Our view [ the correct
view ] is that the bear market began in January 2000. The feds fought it off
with two huge extravaganzas of spending — the first beginning in 2001 the other
after 2008. Stimulus does wonders for stock prices but it no longer works for
the economy that sustains them. For every dollar that the Fed has put to work
to fight the crisis since 2008, for example, it has produced only 80 cents worth
of GDP. It didn’t work……that the recession of ’08-’09 in the US never actually
ended……and that stocks will go down over the next 5-10 years until they finally
hit a real bottom…’ Ted Weisberg to Frank Motek 1070am could think of no reason
for the market to be up (BAD NEWS: new home sales down, oil prices up - ‘China's manufacturing index showed
a decline, the seventh straight month of declines for German
manufacturing and the first decline in two years for European manufacturing activity, in u.s. a big miss on new home sales and a decline in the Richmond Fed's manufacturing index.’) with some prodding ultimately a begrudging
mention of that meaningless fudge term ‘oversold’ which of course is no reason
at all particularly since the market is substantially overvalued so take this
as an especially great opportunity to sell / take profits because there’s much
worse to come! , Fed
Economists Predict A 15 Year Bear Market For Stocks Aug 23rd, 2011 News (BusinessInsider) — ‘The San Francisco Fed has come out with a research paper
connecting the dots between the retiring baby boomers and stock prices. The
thinking is that the boomers will divest themselves of stocks as they retire
and eat into their savings.…These conclusions are just horrendous! The
suggestion is that there is a 15-year bear market in front of us. Multiples
will fall by 50%!!…“We do see it as something of a headwind as the economy is
attempting to recover.” … These deep thinkers have it completely wrong. They
think that the key to having a stronger economy is higher stock prices. So they
spend all of their efforts dreaming up ways to keep the S&P ramping up. I
think it is the exact other way around. If the economy were to be growing [ you
see, that’s the problem in large part – the economy won’t really be growing
(huge price increases / inflation for the illusion), among a multitude of other
problems ], it is reasonable to assume that stock prices might rise. It is
completely false to assume that attempts to jigger stocks higher will lead to a
stronger economy [ This is true, but the writer ignores the criminal fraud
factor as the raison d’etre for the ‘jiggering’.’ ] , Dow:Gold
Ratio and the Secular Bear Market Minyanville Toby Connor ‘ …
Stocks.. after.. bear market rally, will roll over and continue down into a
final four-year cycle low..Depending on whether or not the Fed tries to fight
the cleansing process, or Ben Bernanke tries to stop the bear market with
another round of quantitative easing, stocks should either test or breach the
March '09 lows. Either way I expect that 2012 will go down as one of the worst
years in human history. Certainly in the same category as 1932, if not worse …’ , ‘american technology
is horrendous and vastly overrated!’ , Famed economist predicts economic calamity
in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com , Accounting
Gimmics Resurface as Growth Flounders at TheStreet ‘Rebekah
Smith, director of financial advisory services at
accounting and consulting firm GBQ consulting, says accounting tricks and
schemes are likely to start unraveling as we head into 2012 and the lag effect
catches up. "The typical accounting fraud goes on for about 18 to 26
months before it is uncovered. The frauds that took place in 2009 are not going
to surface until later in 2011 or into 2012." ‘ , Morgan
Stanley Biggest Welfare Recipient as Federal Reserve Lent Banks $1.2 Trillion
During Financial Crisis Wall St. Cheat Sheet , Social
Security disability on verge of insolvency , Welcome
To The New Bear Market For Stocks
Forbes / Suttmeier
, Dow/Gold
Ratio Lowest Since 1987 Crash Forbes /
Adrian Ash , Ignore
Buffett's Advice, Don't Buy Stocks Forbes / Dohmen , The
"Crimes" That Wrecked The Markets Forbes / Lenzner , Tech
Leading Market Lower The Wall Street Journal , Banks
closed in Fla, Ga, Ill; 2011 total is 68 , No
Recession Coming ... It's Already Here Minyanville's
T3 Daily Recap: Market Gives Back Weekend Gains Amid US Bank Woes at
Minyanville’ ,Previous:8-18-11 Stocks rally off lows to suck
suckers in and keep suckers sucked in on bad news (Jobless
Claims, Inflation Rise More Than Expected CNBC) , fraud ( SEC destroyed documents, senator says Crimes
Wrecked The Markets ), and
b***s*** alone! MKM
Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows
Barrons.com, WHY NEW
LOWS ARE LIKELY Maierhofer, Is
It 2008 Again? Looking at the Summer Crash of 2011 Gayed ‘A real bear market
has begun …’ ,
Abandon Ship?[The USS Titanic] Yes,
Because of These 5 Bearish Icebergs ... McGill , There's
A Recession Coming According To The Data at Forbes , HP, Dell
hammered as tech-spending outlook darkens JDSU, NetApp, disappointing figures, shares hit hard in
after-hours trade Dell braces investors for a bumpy road Dell makes a case on
why it can better weather an upcoming storm
, S&P
says sell Google's shares after Motorola deal , STOCKS FALL
AFTER FLOOD OF BAD NEWS: Here's What You Need To Know Joe Weisenthal , Stocks Slip On
Concern Over Europe's Debt, U.S. Data , Watch Out:
2011 Looks A Lot Like The Market Top In 2007
Sean Hanlon Take A Lesson
From 2007 And Sell Stocks Now at Forbes, [video]
Trader: We Could Test 1120 Lows at TheStreet.com In a
Downtrend, Sell a Rally (Daily FX) Latest:
Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. ) Five Reason
Stocks Are Crashing, Tips to Prepare for Meltdown (Moneynews) Unthinkable Poised to Happen on Wall Street. See Disturbing Charts.
(Newsmax.com) US Recession
Is Guaranteed: Expert CNBC.com So what’s changed of significance (other than
previous full moon and consequent effects on the lunatic wall street frauds)
Nothing! Absolutely nothing, yet a manipulated computer-programmed ( high frequency trading bots )
churn-and-earn suckers’ rally based on desperation, fraud and b***s*** alone (ie.,
backward looking, ‘revisions’, faked data, etc.) to keep suckers suckered,
which makes for an especially great opportunity to sell / take profits since
there’s much, much worse to come! Regulators close 64th U.S. bank this
year , U.S. consumer sentiment grim but
retail sales jump with gasoline prices up , [$$] 'Junk' Bonds Point to Recession , Stock Market
Parallels to 2000 and 2008 Should Not Be Ignored , How Low Will
Stocks Go? ‘ Michael
Kahn, who writes the Getting Technical column for Barrons.com and the
QuickTakes Pro blog, has long argued we’re in a secular (long-term) bear
market, and he thinks the cyclical bull is over, too. Like Arbeter, he sees
1,010 to 1,050 as the next level of support for the S&P, and below that
930.’
50%
unemployment & 90% Dow crash also predicted. Newsmax Tech up? Is this some kind of a joke? Absolute confirmation of dire prospects worldwide
since american tech is horrendous. (Newsmax.com) ‘Robert Wiedemer’s new book,
“Aftershock: Protect Yourself and Profit in the Next Global Financial
Meltdown,” quickly is becoming the survival guide for the 21st century. And
Newsmax’s eye-opening Aftershock Survival Summit video, with exclusive
interviews and prophetic predictions, already has affected millions around the
world — but not without ruffling a few feathers. [ The instant video on
the economic / financial collapse from Stansberry and Associates is so well
researched and succinctly
presented that I’ve archived same on my
website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which I believe to be correct. This is a must-view,
must-see that I strongly recommend!
The complete url: http://www.albertpeia.com/stansberrysinvestmentadvisory.flv http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 Written text of presentation (without
pictures / charts)] [A lot of pre-election year obfuscation,
manipulation but the debacle is already here:
Harry Dent, Jr. Economy will be in a
Depression by 2011
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.
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). Dow 1000?
Robert Prechter Thinks So
Prechter
Reiterrates Call For Dow 1,000, Even As Surging Gold And Plunging Dollar Leave
Much Credibility To Be Desired Bulls Go to
Extremes: Don't Buy the "Breakout", Sell It, Prechter Says Russell: This
Is One Of The Largest Tops In Stock Market History 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.
…’ 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. [ 8 More
Reasons Why You Should Be Deeply Concerned That The U.S. Government Has Lost
Its AAA Credit Rating The Economic Collapse ‘…
#8 The U.S.
national debt continues to get worse by the day. Just check out
what economics
professor Laurence J. Kotlikoff recently told NPR….“If you add up
all the promises that have been made for spending obligations, including
defense expenditures, and you subtract all the taxes that we expect to collect,
the difference is $211 trillion. That’s the fiscal gap” ..’ Why You
Shouldn't Buy Into This Plunge Forbes/O'Neil‘The market
is building momentum to the downside’.] 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. Watch for fake gov’t data / reports owing to political desperation! This an especially great
opportunity to sell / take profits, particularly if you missed Tuesday or May,
since there’s much, much worse to come! Thursday, Aug.11, 2011: what changed from yesterday which warranted
a more than 500 point plunge with paper stocks still over-valued? Well, some
bad news labeled as better than expected 1) 7,000 fewer jobless claims than
expected (just a little over 1% better even if you believe them – I don’t) 2)
Cisco shows results ‘better than expected’ 3) Record monthly trade deficit [ What
Recovery? Forbes ‘we can’t call this a recovery.
There’s no reason to celebrate when a job report was better than expected. Why?
Because the expectation was abysmal to begin with.’ ‘Cisco Systems Inc’s quarterly results edged past Wall Street’s scaled-back expectations
...“They beat a low bar. A lot of it is coming from cost cutting, which we
anticipated. In that sense it’s a relief,” Joanna Makris of Mizuho Securities
USA told Reuters. ‘Cisco, which depends on government spending for about a
fifth of its revenue, said in July it would cut 15 percent of its workforce and sell
a set-top box factory in Mexico.. Cisco bulls may underestimate tough road
ahead Randewich.’ ] Tuesday,
Aug.9,2011: what changed from yesterday which warranted a more than 600 point
plunge with paper stocks still over-valued and a 545 bounce off of afternoon
lows? Nothing! Absolutely nothing, yet a manipulated computer-programmed
churn-and-earn suckers’ rally based on fraud and b***s*** alone to keep suckers
suckered, which makes for AN ESPECIALLY GREAT OPPORTUNITY TO SELL / TAKE
PROFITS SINCE THERE’S MUCH, MUCH WORSE TO COME! [ Is this some parallel universe where unfounded criticism
is levied at S&P for the downgrade when they’ve actually cut the
pervasively corrupt, defacto bankrupt disunited states a break by not rating
what america truly is; viz., junk status for the paper / liabilities /
obligations that cannot and will not be paid (or the equivalent vis-à-vis what
would be in worse than evermore worthless Weimar dollars or some other
‘ponzi-like’ subterfuge, obfuscation). The amounts are insurmountable going
forward. They point to Moody’s and Fitch; yet, let’s not kid ourselves, S&P
is the ‘800 pound gorilla’ in this world among rating agencies and moody’s,
fitch have substantially diminished themselves as entities consistent with
their ‘mission and purpose’ and as well, their credibility. I mean, come on!
Consider the pressure that was and continues to be applied. Moody’s and fitch,
quite frankly, folded. China’s rating agency has already downgraded u.s. paper
and they’re ‘holding’ (huge amounts of that u.s. junk); and hence, against
their own interest. Wake up! Wall Street closes worst week since
'08 with wild day NEW
YORK (Reuters) S&P on
U.S. downgrade: Debt pact 'falls short' - Reuters S&P downgrades US credit rating
from AAA S&P Shocks the
U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat Sheet What
Recovery? Forbes
‘…we can’t call this a recovery. There’s no reason to celebrate when a
job report was better than expected. Why? Because the expectation was abysmal
to begin with. And while we’re at it, we can’t ignore increasing sovereign debt
problems in Europe…’ ‘Top 3 Reasons
Markets Erased the Year’s Gains Wall St. Cheat Sheet 1) Japan and Europe 2) Unemployment.3)
Capital goods - billions of dollars in lost revenue. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To Meltdown, predicting the
global crisis that occurred the following year. I now see a similar
confluence of events that warns of phase II of the global crisis… My work
shows that “the new recession has started.”… Over the past 33 years, we have
called the start of every recession, often on the exact month, or within one
month, of the official start as determined one year later by the official
arbiter of recession, the National Bureau of Economic Research (NBER)… However,
inflation is far understated for political reasons. Currently, the GDP deflator
is 1.8%, which hardly reflects the true rise in prices. Therefore, what is
counted as “growth,” is actually price increases. Actual inflation, according
to free market economists who calculate inflation as it was done in 1980 before
the politician re-engineered it, is now more than 11%. Using that to adjust GDP
for inflation, would show that the economy is now in a very sharp
contraction…’FLASHBACK HERE: Selling In May
Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market:
4 Current Warning Signs
Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher. Yes,
it’s normal for insiders to be selling some of their stocks so they can buy new
yachts and some of this is pre-planned. But that ratio — which has spiked
recently — is extraordinarily high, one might even say off-the-chart‘ previous‘…1) Job cuts. 2 ) ISM
service-sector report. Monday’s ISM
manufacturing report contributed to market losses on Monday, but
today’s report, though equally negative, didn’t quite have the same effect as
markets began to level out this afternoon. The ISM
service-sector index declined to 52.7% in July. The U.S. service
sector accounts for three-fourths of all economic activity, and employs four
out of every five U.S. workers , so a 0.5% decline speaks volumes about the
state of economic recovery…’ Factory
orders for June fell by 0.8% (just because they say the bad news isn’t as bad
as expected does not make such bad news ‘rally material’. Indeed, the huge
ralleys based on now revised downward data never seem to retrace that fake data
induced stock surge based thereon. Service sector growth slowest since
2010 Moody's sets negative outlook on BNY,
JPMorgan S&P ends string of losses on tech
rebound Tech rebound? Is
this some kind of a joke? Tech up
today? Absolute confirmation of dire prospects worldwide since american tech is
horrendous. Yet, sizzling ‘child’s play’ is the order of the day and credit
still must be given to those [ie., Steve Jobs-I’m truly glad he saved Apple, my
first computer (apple IIc for word processing / data based records / forms /
templates / data which I interfaced with an electric typewriter for letter
quality)] who could (as he) identify such novelties as the biggest over-priced
/ over-valued sensations since the hoola hoop (hoopla hoops - which were pretty
cheap and with some minor health benefits to boot).Take this run-up as a gift
based on fraudulent wall street b***s*** alone and take this opportunity to
sell / take profits / ‘sell today if you missed in may and then go away’!
Nothing has been solved; maybe forestalled. Rout spells trouble for Wall Street / Moody's
confirms U.S. rating at Aaa, outlook negative / Chinese rating agency cuts U.S. debt again / Minyanville's T3 Daily Recap:
Signed Debt Deal No Cure for Sickly Market / US auto industry uneasy after
weak July sales / Fitch Unimpressed By Debt
Deal, GDP; Markets Unimpressed By Fitch / US
debt deal alone won't sustain AAA rating / Stocks
now down for year as economic concerns grow – AP The
Daily Market Report Aug 1st, 2011
PG ‘Relief?
What Relief? http://www.usagold.com/cpmforum
…Late last night when party leaders and the President announced that
they had reached a bipartisan deal that would allow the debt ceiling to be
raised, gold dropped about 1%. Global stocks rallied in relief and briefly,
ever so briefly, gold was out of favor…CBO scores the package as accomplishing
$2.1 trillion in spending cuts over the next 10-years, the CBO baseline also
has the deficit rising $6.7 trillion over the same period. The premise
apparently being that we’re working our way to actual cutting by cutting to
slow the pace of the nation’s proliferate spending. In actuality — and as
evidenced below — that CBO baseline may prove to be way too optimistic. What
really lit an intraday fire under gold today was the big miss on US July ISM,
which plunged to 50.9. The market was expecting a modest downtick to 55.0 from
55.3 in June…’ The
Truth About The Debt Deal: It’s Pretty Much Meaningless Business
Insider/ Come on! Who believes their pre-election
year data, reports, b***s***? There’s desperation in the air and like never
before! One commentator, Peter Shiff, to Frank Motek of 1070am Bus.Report
references the sham in Washington; and regardless, points to default by way of
inflation, further stating that the debt ceiling’s already been breached by
borrowing. Moreover, he additionally states that default is inevitable by way
of inflation; that the fed will be buying the evermore worthless american paper
(bonds) and creating/printing evermore worthless american dollars; that there’s
been a quid pro quo with at least one of the 3 (S&P, Moody’s, Fitch)
federal licensed rating agencies, viz., of reaffirming the u.s. AAA rating in
return for no prosecution surrounding their role in the S&P AAA rated worthless
(fraudulent, mortgage-backed, derivative) paper securities (fraud) giving rise
to the previous leg of this continuing, ongoing debacle / crisis. He finally
goes on to recommend non-u.s., non-dollar denominated assets, precious metals,
and alternate currencies. Initial
unemployment claims
rise to 418000 - Jul.
21, 2011 which bad news sparked wall street rally … what
total b***s***. No budget deal, celebrated Greek Plan – DEFAULT! … sounds like
a plan!…, backward looking earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean
Hanlon / Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all
of the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME
STATEMENT:Total federal spending in 2010
amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA
Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7
trillion with a projected deficit of$1.6 trillion. …USA
BALANCE SHEET: Consensus estimates for unfunded
obligations vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill
Gross estimates the unreported debt to be $75 trillion, while other estimates
exceed $100 trillion (these amounts are insurmountable) …’ Huge suckers’ rally to keep
the suckers suckered in this market based upon backward looking data discounted
multiple times to the upside (including the apple numbers as recently as last
week on ‘leaked’ expectations of ‘better than expected’, etc.), taxpayer funded
QE results, and b***s*** alone. This is an especially great opportunity to sell
/ take profits since there’s much, much worse to come! IT'S
GOING TO HURT 'FOR LONG TIME TO COME' [ Says tiny tim
geithner … thanks for the heads up tiny tim
‘God bless us everyone’! … As if
we didn’t already know it / feel it! Dave's
Daily 'If
you can keep interest rates this low this long, its inevitable cheap financing
can allow companies to start cobbling each other up. Further Ben's policies
allow companies like IBM to sell bonds at 1% and buy back shares with the
proceeds (total paper bubble-scam). POMO is occurring almost daily and
Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- Why
The Dow Will Plunge To 7,000 By 24/7
Wall St. S&P Poised For Dropoff,
Says Initial Jobless Claims Forbes / Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was trading
at 11,357 levels at the beginning of the year 2000. More than a decade later
(as of beginning July 2011), the index is at 12582. Therefore, the index has
gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator infra – and
that’s just the government (inflation) numbers … reality is much worse!}
Meanwhile, the frauds on wall street are churnin’ and earnin’ like never before
at lightning computerized speeds enabling the high-frequency trades that are
commissioned in unprecedented large volumes; a big net negative in real
economic terms.] While
Washington Fiddled The Economy Burned at Forbes [ Oh come on! Let’s
get real here! The economy was already burning (see infra), Washington
notwithstanding! Indeed, the frauds on wall street with those contraindicated
paper stock computer programmed commissioned churn-and-earn rallies would love
for you to think it’s Washington only {that aw shucks, coulda’ been clear
sailin’ otherwise moment; but the reality is that things are far more dire financially
and economically than their window-dressed scams would indicate, though
washington’s no help, incompetent, unknowledgeable, and ineffectual as they are
(although fraudulent wall street, aside from their consummate scammin’, is
little better and probably overly relied upon and light in those very areas one
would expect to find profiency; viz., finance and economics.) Most importantly,
realize that if wobama’s actions had not belied his words/campaign promises,
the nation’s position, though still ominous, would have been substantially
improved.} ] Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
Here’s a picture of obama
voters / backers: http://www.albertpeia.com/wobamavoters.gif
Beneath
the Market’s Swings, Some Real Cause for Worry News
Jeff Cox August 11 (CNBC) — ‘So whether this equals, falls short of, or
exceeds the financial crisis of 2008 hardly seems to matter—investors are
afraid, very afraid, and the question as much as anything in the minds of many
market pros will be what soothes that fear. Analyst Dick Bove at Rochdale
Securities says he knows why: More restrictive capital requirements and
near-zero interest rates set at the Federal Reserve [cnbc explains] that make
lending neither easy nor lucrative, a trend that will make it difficult for the
economy to grow. “If one thinks through these limitations it can be seen that
banks must shrink their balance sheets and change their business patterns to
maintain their profits. What they are unlikely to do is to expand their lending
activities in order to grow the economy,” Bove wrote in a lengthy banking
analysis Thursday.“However, the Federal Reserve is suggesting that the economy
is unlikely to grow,” he wrote. “If the Fed is prescient, then banks are facing
higher loan losses, lower loan volume, and reduced margins on a wide array of
banking products. The outlook is not appealing.”“Even though the United States
is able to both print and borrow money, it is as bankrupt as the Europeans,”
Bove wrote. “Covering deficits and paying debt with borrowed funds, some of
which is newly printed, does not constitute meeting debt service
requirements.”…’
The frauds on wall street et als should be criminally prosecuted, jailed,
fined, and disgorgement imposed! Previous, full moon
and fraudulent wall street, get this, rallies on not as bad as expected EU
stress tests and better than expected google results but forget the dire
consumer (recession level) consumer sentiment number ‘cause after all, consumer
spending just a paltry 70% of GDP.
Think about this: short-lived Pavlov dog rally (the conditioned
stimulus) on hopes for more welfare for wall street and some good results in
communist China. This despite the previous failure of QE for everyone but the
frauds on wall street and ultimately, though circumlocuted, at great taxpayer
expense. Titans of capitalism? How ‘bout the biggest unprosecuted frauds in the
world. Preposterous! Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) …
I want just one person
with courage enough to stand up and explain to all that these huge
commissionable computerized trading volumes like never before are a net
negative in a very big way … that’s a fact … that’s economic reality in real
terms! … Trade deficit up, growth predictions by fed
scaled down [ do you recall how many upside market points for the false, more
positive growth projections by the ‘no-recession’ fed, then there’s also the
costly, hyperinflationary failed QE hopes, more fed jawboning rallies the
frauds on wall street off their lows to keep suckers suckered – they all belong
in jail! Housing
Woes to Cause Recession in 2012, Says Gary Shilling - Peter
Gorenstein STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business
Insider Weisenthal Economic scenario far worse
than expected (and in this pre-election year the reality is still far worse
than reported), yet stocks still rallied off lows to keep suckers sucked in to
this fraudulent market Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12
charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Previous:Stocks
rally on jersey-based, former Lautenberg ADP still paltry, better than expected
157,000 private jobs number and one’s got to wonder ‘who got paid’, one way or
another, for the fudge. Then there’s the horrific ‘american tech’. Retail? The
defacto bankrupt government’s probably buying with money they don’t have, at
best; and, as with other data in these desperate pre-election-year times, plain
false, falsified, fudged, spun. Previous day, all bad news … from eurozone
(protugal, et als), to asia zone (china worse than expected), to america (where
to begin, from defacto bankruptcy, to debased currency, to insurmountable debt
/ dervice, to pervasive corruption, etc.) … stocks rally on fraud and b***s***
alone. Previous,
higher oil price rally, along with Netflix ‘technology rally’ … Don’t make me
laugh! … Total desperation on wall street and in Washington … How pathetic! … Jobless claims at 428,000 much worse than expected;
and, don’t forget, these are desperate ‘pre-election times’ when regardless of
factual reality (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt
chicago ISM is up as even their youth gangs are showing increased criminal
activity which probably accounts for the rise; ie., meth, crack labs, etc.?)
data / reports are fudged / faked / spun. Foreclosure, distressed sales
up, at least on paper with contracts signed, so no surprise nor reason to cheer
here, as markets worldwide jump on the american crazy train for a short-lived bounce
as all problems remain. This is the same month end
(and quarter, half) spurt / window dressing based on b***s*** alone to keep the
suckers suckered and an especially great time to sell / take profits since
there’s much worse to come! Talk about milking the greek crisis for the
umpteenth time a so-called solution (and there are loads of greecy scenarios
worldwide … I don’t think so and
neither does Schaeffer who says: ‘…even once such a package is passed it only buys time. Actually fixing
the fiscal condition of Greece is not something that can be solved in a matter
of weeks, or even months…‘ but it’s great press for the
churn and earn and to keep the suckers suckered. Technology
rally? Defacto bankrupt american technology is horrendous but great sizzle for
the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new
greecy b.s. factor. The
rally into the close and the previous so-called (4 day) ‘rally’ was based on
b***s*** alone to keep the suckers suckered and for ‘smarter money ‘ along with
the frauds to sell into. This is an especially great opportunity to sell / take
profits while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Navin ‘…1)
The 5-year high in the level of insider
corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to
be selling some of their stocks so they can buy new yachts and some of this is
pre-planned. But that ratio — which has spiked recently — is extraordinarily
high, one might even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times.
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th– so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell
Take
A Lesson From 2007 And Sell Stocks Now at Forbes, Sean Hanlon ‘August
has given new meaning to “the dog days of summer” as the broad equity market
has retracted all year-to-date gains and dropped into negative territory, all
within the first couple weeks.
As written in
my previous Market
Commentary on July 20, our research uncovered potentially dangerous
activity in the equity markets that could lead to a break and high
volatility. We presented this in that Market Commentary by the chart in
Figure 1 below. Using our proprietary research methodologies, we elected
to make a major “tactical” move on June 17.
That move
reduced all equity and high-yield bond exposure, creating 50% cash or cash
equivalent allocations across all portfolios. This defensive move was shown to
be prudent as volatility erupted and considerable downside was experienced in
equity markets in the first week of August, as shown in Figure 2.
Figure 1
(click image to enlarge.)
http://blogs-images.forbes.com/advisor/files/2011/08/11.jpg
With this
heightened volatility, we were observant that this market behavior was eerily
similar to market conditions in 2007. To elaborate on this point, let’s compare
the S&P 500 Index for 2007 vs. the first seven months of 2011. As you
can see below in Figure 2, 2007 experienced high volatility yet remained
range-bound in an upward trend (represented by the overlaid black bands).
Figure 2
(click image to enlarge.)
http://blogs-images.forbes.com/advisor/files/2011/08/2.jpg
The first half
of 2011 maintained a range-bound upward trend until finally breaking sharply to
the downside in the first week of August.
Of course now
everyone wants to know what happens next? Our research has no special
predictive power of what may happen now that the “trend” has been broken.
Instead, what our research is telling us is to remain extremely cautious at
this time. We have since moved client portfolios to almost 100% money
markets and/or cash equivalents in all accounts. We do maintain some high
quality bond positions.
You may think
“But I can’t make any money in money markets, they pay nothing these
days!” True enough, but there are many times in one’s investing lifetime
where the best investment is to simply maintain principal. That principal
amount will be able to potentially purchase more in the not too distant future.
A simple
example is stocks. On April 29 of this year, $1,340 purchased the
equivalent of one S&P 500 Index share. Today, to own those same
companies that make up the S&P 500 Index, the cost is below $1,200, yet the
same amount of dividends is being received. In this period preserving
principal has resulted in increased “investment” purchasing power, income and
potentially increased return.
Related article: Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 ‘
[video]
Trader: We Could Test 1120 Lows at TheStreet.com
There's
A Recession Coming According To The Data at Forbes ‘The stock market peaked in April,
and is behaving in the saame fashion it did in late 2007, when big troubles
from real estate writedowns were spreading through the financial sector.
The most
worrisome statistic this week was the Empire State Manufacturing indedx– wehich
was down from a minus 3.76 to a minus 7.7– a leading indicator of recession in
the past. The new industrial orders index from New York remained well below
zero at minus 7.8.
The Federal
Reserve Board has promised to keep interest rates at zero until 2013– an
admission that the economy is not expected to rebound for two years– until the
next President is in the White House. This policy step indicates the Fed does
not believe the economy will recover either this year or next year. Never
before has the centreal bank made such a policy declaration for as long a
period as two years.
There were
1300 new lows in the market on August 8th– another phenomenon that hasd not
taken place since the great stagnation was triggered in 2008. Even though the
market indexes made up all their lost ground, it appewars that investors are
willing to delude themselves that corporate profits will reemain at very
high levels despite the period of austerity we are clearly entering.
The austerity
required in Europe to deal with the sovereign debt crisis is likely to push
Europe into a recession. This will impact US corporations dependent on
important profits from Europe.
The corporate
return on revenues has risen the past two years to a peak of 14%– an unusually
high level of profits– that is not expected to continue.
Consumer
savings are rising as household debt gets paid back. But, we are a long way
from safety levels of savings in a high unemployment period. And the higherb
the saavings rise so the lower the level of consumption will be.
Housing
numbers were down 1.5% last month underscoring that the turnaround in housing
is not close at hand.’
Market's
Swoon Should Be Your Wake Up Call
Watch
Out: 2011 Looks A Lot Like The Market Top In 2007
Sean Hanlon: ‘Back on December 12, 2007 I wrote a market
commentary that started as follows:
The equity markets have been very volatile this year, but also
range bound. A picture speaks a thousand words so all one needs to do is
view the chart below of the S&P 500 Index to understand just how volatile
and range bound things have been. Specifically, since February 20, 2007,
only nine and one half months or so ago, the S&P 500 Index has been down 5.86%, up 13.02%, down 9.43%, up 11.26%, down
10.09%, and now up 7.73% – through 12/10/07 – so far in
this latest up leg! All this in ONLY nine and one half months!
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-1.jpg
History is
repeating itself so far in 2011, which has been fraught with ups and downs in
both international and domestic equity markets. This is due to many
things, including the considerable economic doubts and various countries debt
situations. This uncertainty has translated into market performance with direct
impacts on portfolio returns and more prominently in portfolio volatility. This
volatility is best seen in the chart below of the S&P 500 Index beginning
1/1/11.
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-2.jpg
2010 ended
positivity and the momentum carried into the first two months of 2011 however
the end of February began a series of events that led market returns on a
whipsaw ride of ups and downs, resulting in the current universal mid-year
views of market uncertainty.
What news was
associated with this volatility? All the usual; crude oil prices, natural
disasters, corporate earnings, politics, economic forecast revisions for both
developed and emerging markets, the European debt situation, the United States
debt situation and more to name just a few.
One thing is
for certain; the current volatile, range bound market activity is difficult at
best to profit from. In this investing environment patience is the most
important attribute. I will be patient and will be careful until the
trends are preferable.
Our strategy
at Hanlon Investment Management is to attempt to minimize downside risk by
exiting risk asset classes, such as equities, during periods of uncertainty,
getting invested in more conservative asset classes, such as money markets and short-term
bonds, and re-entering into risky asset classes when we identify them as
attractive, when the trend is our friend and positive!
Having
identified this volatility, in June we made defensive, tactical investment
decisions that provide less exposure to these volatile, range bound markets and
prepare us to re-enter the markets when they possess improved risk
characteristics.’
SEC may have destroyed
documents, senator says 17 Aug 2011 ‘The Securities and Exchange Commission
may have destroyed documents and compromised enforcement case ... Grassley:
Agency may have got rid of Goldman, Madoff documents Ronald D. Orol,
MarketWatch WASHINGTON (MarketWatch) — The Securities and Exchange Commission
may have destroyed documents and compromised enforcement cases involving
activity at large banks and hedge funds during the height of the financial
crisis in 2008, according to allegations made by a lawmaker on Wednesday. “From
what I’ve seen, it looks as if the SEC might have sanctioned some level of
case-related document destruction,” said Sen. Chuck Grassley, Republican of
Iowa, in a letter to the agency’s chairman, Mary Schapiro. Sen. Chuck Grassley “It doesn’t make sense that an agency responsible for
investigations would want to get rid of potential evidence. If these charges
are true, the agency needs to explain why it destroyed documents, how many
documents it destroyed over what timeframe, and to what extent its actions were
consistent with the law.” Agency staff “destroyed over 9,000 files” related to
preliminary agency investigations, according to a letter sent in July to Grassley,
the top Republican on the Senate Judiciary Committee, and obtained by
MarketWatch. The allegations were made by SEC enforcement attorney, Darcy
Flynn, in a letter to Grassley. Flynn is a current employee, and according to
the letter, received a bonus for his past year’s work. Flynn alleges the SEC
destroyed files related to matters being examined in important cases such as
Bernard Madoff and a $50 billion Ponzi scheme he operated as well as an
investigation involving Goldman Sachs Group Inc. GS +0.33% trading in American International Group credit-default swaps in
2009. Flynn also alleged that the agency destroyed documents and information
collected for preliminary investigations at Wells Fargo & Co. WFC +1.34% , Bank of America Corp. BAC +0.81% , Citigroup C +0.13% , Credit Suisse CS +0.38% , Deutsche Bank DB +0.79% Morgan Stanley MS -0.06% and
the now-bankrupt Lehman Brothers. The letter goes into particular detail about
Deutsche Bank, the former employer of current SEC enforcement chief Robert
Khuzami as well as former enforcement chiefs Gary Lynch and Richard Walker…’
Sen. Chuck Grassley “It doesn’t make
sense that an agency responsible for investigations would want to get rid of
potential evidence…’ [ Oh but it does make sense Sen. Grassley: Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ]
TRAIN
READING: COVER-UP Mark
Gongloff
Is the SEC covering up Wall Street crimes? — Matt Taibbi
The forex
market is causing some companies to pull up stakes — Heard on the Street
Resisting the
urge to buy the dips — Josh Brown
Maybe it’s not
stocks that are cheap, but earnings estimates that are high — Ritholtz
The US economy
is becoming more susceptible to hurricanes — Real Time Economics
How Irene
lived up to the hype – Five Thirty Eight
The War on
Terror is dead — The Atlantic
Emerging
markets now have more heft and reach than developed ones — Economist (video)
Why is the
White House defending banks from investigations? — Megan McArdle
Hurricane Irene may cause a gas-price spike — CNN/Money
Know the
difference between short-term and long-term problems for the economy — Ritholtz
Why aren’t
governments more afraid of a double-dip recession? — The Atlantic
France
deserves a downgrade at least as much as the US does — Bethany McLean in Slate
Recent market
volatility has historical precedent — Mark Hulbert
Stop worrying
about China not buying Treasurys, already — FT Alphaville
Fed hawks at
odds over their reasons for dissent — Reuters
Why Rick Perry
made a bid for the anti-Fed set – Slate
Maslow’s
hierarchy of needs gets an update — The Atlantic
How did so
many people feel one small quake in Virginia? – The Atlantic
Philly Fed
coincident indicators turning red — Calculated Risk
Treasurys are
priced for disaster — Capital Spectator
Profit
recession risks tick higher — FT Alphaville
The rich can
afford to pay more taxes — Bruce Bartlett in Economix
Everything
You Need to Know About the Latest Market Plunge [But were afraid to
ask] Minyanville Staff Aug 18, 2011 ‘After a rather benign start to the week,
markets plunged on Thursday with the S&P 500 shedding 4.5% and the
Nasdaq-100 falling nearly 5%. The main driver on the day was speculation
European banks remain insufficiently capitalized. Gold jumped nearly 25 to a
record high and Treasuries rallied. Among stock
movers, Apple (AAPL)
outperformed the indices but still dropped 3.7%, Microsoft (MSFT)
also outperformed closing down just 2.2%, Bank of America (BAC)
dropped 6% and Oracle (ORCL)
fell 8.3%.
Below are this week's top Minyanville stories examining the state of the US and
global markets.
Is
It 2008 Again? Looking at the Summer Crash of 2011
A real bear market
has begun, and bonds got it right as early as February that the biggest threat
to the global economic system is deflation.
by Michael A. Gayed
Dynamics
of This Market Panic Ripple Though History
The 10-year anniversary of the 1929 high ties to the beginning of World War II
on September 1st, 1939 when Hitler invaded Poland and France declared war on
Germany.
by Jeffrey Cooper
Are
Gold and S&P 500 Behaving Logically or Irrationally?
Unfortunately Mr. Market rarely embarks upon the logical until he has convinced
enough market participants to behave irrationally.
by J. W. Jones
Random
Thoughts: Fed Dissention and Financial Market Fatigue
The world's wildest reality show continues.
by Todd Harrison
Handicapping the Global Economic Recovery
The obvious question must be begged: where do we go from here?
by Todd Harrison
Coming
in October: Next Major Price Cycle Low
A major price cycle on the daily S&P 500 chart, which shows reliability in
bottoming about every 15.5 months, is due for its next low on or about October
31.
by Michael Paulenoff
Volume
Trends Suggest Worst Is Not Over for Stocks
When the market rallies hard after a nasty decline, one of the first things
that can determine whether the rally's a keeper or not is volume. Here's why.
by Tim Thielen
The Sign of the
Bear
When the quarterly turns down, the normal expectation is for the market to
carve out a low soon, in terms of time and price -- not to waterfall.
by Jeffrey Cooper
Economy Showing
Signs of Life, but Not for Long
We're on the brink of a nice little bump from the data coming in, but on the
whole, a 1930s-style depression seems to be on track.
by MoneyShow.com
Wall of Worry
Keeps Rising on Europe's Credit Crisis Fears
To make matters worse, politicians in the world's crisis-free countries are on
summer vacation.
by Lloyd Khaner
Why
Is Everyone Bullish on the US?
Wall Street
will always think positively of the market, but the facts are pointing to a
bearish phase.
by Gary Kaltbaum
Five
Things You Need to Know: Asymmetric Economy Increasingly Untenable and Unstable
This situation cannot continue without adjustment.
by Kevin Depew
Fed's
Easing Policy Means Worse Living Through Convexity
As the Fed removes interest rate risk through stealth QE3, it introduces other
risks, distorting incentives for investing
and weakening the economy in the long term.
by Professor Pinch
Are US Markets
Facing the Abyss?
The vast majority of technicals are indicating a new bear leg.
by Jeffrey Cooper ‘
Dow
Tumbles on New Worries About Same Old Issues - Aaron Task
Who’s
Worse: U.S. Banks or Bernie Madoff? - Stacy Curtin
WHY NEW
LOWS ARE LIKELY Simon Maierhofer, August
18, 2011 Last Sunday's (August
14) ETF Profit Strategy Newsletter update listed 5 reasons why new lows are
likely. Here they are:
HISTORIC REVERSAL
We've
been expecting a major market top in the S&P 500 (SNP: ^GSPC), Dow Jones
Industrials (DJI: ^DJI) and Nasdaq (Nasdaq: ^IXIC). The April 3 ETF Profit
Strategy update identified the ideal target range for a major top to be 1,369 -
1,382. The chart below was featured in the same update.
It
outlines a top around 1,370 followed by an initial decline to about 1,230
(happened in June), followed by a rally (happened in July), followed by a steep
decline.
DEATH CROSS
The
death cross is one of the most talked about technical events, that's why I
don't put too much stock in it. However, there are two interesting facts about
previous death crosses.
The
2000 and 2007 death cross occurred about three days before the S&P embarked
on its next leg down. The 2010 death cross was actually a buy signal. However,
it occurred after the S&P and DJIA bounced off a multi-year trend line.
This time the trend line was broken so a more bearish interpretation of the
death cross is appropriate.
https://www.etfguide.com/images/PDNewsletter_Images/5%20-%20April%203%20TF.jpg
SEASONALITY
August,
September, and October is the most bearish stretch of the year. September and
October sport negative performance even in the pre-election year.
SENTIMENT
From
S&P 1,370 on May 2 to S&P 1,258 on June 16, the S&P shed 112 points
and sentiment measured by Investors Intelligence (II) and the American
Association for Individual Investors (AAII) turned deeply bearish (only 37% II
bulls). The June 16 ETF Profit Strategy update took that as a queue to buy
(long positions were closed at S&P 1,340).
From
S&P 1,353 on July 7 to S&P 1,102 on August 9 the S&P lost 251
points, yet the II sentiment poll registered the second most bullish reading
since the first week of May (47.3% II bulls). AAII and II polls are often
considered the 'dumb money.' If the 'dumb money' views last Wednesday's low as
a buying opportunity, the 'smart money' should be suspicious.
VIX PATTERN
If
you have the charting capabilities, take a moment and plot the VIX (Chicago
Options: ^VIX) against the S&P for the months of September - November 2008
and April - July 2010. If you don't have the time you may simply look at the
chart below.
https://www.etfguide.com/images/PDNewsletter_Images/yahoo%20-%20vix%20pattern.gif
What
we've seen in 2008 and 2010 is that a VIX peak did not coincide with the
S&P bottom. The S&P bottom actually occurred against a lower VIX
reading. If this pattern continues, we will see lower lows.
The
August 14 ETF Profit Strategy update includes a detailed analysis of the VIX
pattern.
THE SCRIPT
Via
more or less accidental chart surfing I found a striking resemblance between
the 2007 market top and the May 2011 top. This moved me to state in the
July 17 Profit Strategy update that:
'There
is a similar trend line and a triple top above the trend line. A break below
that trend line could be a precursor of bad things. Next week the trend line
will be at about 1,262.' The S&P sliced through that trend line on August 4
and fell an additional 12% within the next four days.
The
August 7 Profit Strategy update revisited that script and concluded this: 'We
now have a rough script; let's see how much lip the actors will add during the
live performance (I.e. S&P downgrade).
The
two main things I have taken away from the 2007 script are:
1)
There will be a new low.
2)
There will be a powerful counter trend rally to around 1,xxx (reserved for
subscribers).'
THE VERDICT
We
got the new low and we got a rather powerful rally. Now the question is, how
long will the low last and how high will stocks rally?
The
script suggests there will be another low. The VIX pattern suggests there
should be another price low. Seasonality suggests that there's some headwind on
the way up. Sentiment readings suggest we should be suspicious of any rally.
The death cross also suggests lower prices.
SUMMARY
There were a number of good reasons to expect new lows on
Sunday. Yesterday's ETF Profit Strategy update recommended to go short as soon
as the S&P breaks below 1,373. This happened within the first few minutes
of trading today. Now it's time to let the script play out…’
S&P
Triggers 200-day MA Death Cross - What Does this Mean? ETFguide.com
Is
This a New Bear Market? The Chart That Tells The Whole Story ETFguide.com
Why
The Worst May Be Yet To Come ETFguide.com
Abandon Ship?[The USS Titanic] Yes,
Because of These 5 Bearish Icebergs | iPhone 2 (robot)... By Michael McGill: August
18, 2011 is a day that has handed out some of the worst economic news since a
few days in the 2008 financial crisis, and it has the Dow Jones Industrial
Average down big time. The reasons keep piling up to turn bearish and pile into
safer investments. Here are 5 reasons showing that investors need to be on the
watch out for choppy waters tsunami type waves ahead: Homes Sales Drop 3.5% in
July – This marks the weakest sales (4.67 million) figure in 14 years, even
beating last year’s disappointing mark of 4.91 million. This is despite the
average rate of a 30-year fixed mortgage coming in at its lowest level on
record (4.15) this week. This is data to fight the ever increasing hope that
home owners have of increasing the value of their homes. Jobless Claims Rise
9,000 – Last week investors were looking for Complete Story »
·
Homes Sales Drop
3.5% in July – …
·
Jobless Claims Rise
9,000 – …
·
Treasuries Hitting
Record Highs (record low yields) – …
·
Inflation at the
Consumer Level Rose to 0.5% in July – …
· World GDP Growth Slowdown - …’
Dow/Gold
Ratio Lowest Since 1987 Crash Forbes
Adrian Ash ‘Today’s gold
buyers might still get to look early birds as this depression wears on… GROWTH or defense…stocks or gold? Intra-day noise aside in summer 2011,
Mr.Market’s choice looks plain.
The Dow/Gold
Ratio – a measure of the U.S. stock market’s valuation in ounces of gold – has
sunk as equities have plunged but gold prices have jumped
so far this summer.
Dropping
through 6.0 ahead of Friday’s New York opening, the Dow/Gold Ratio hasn’t been
this low since early 1989, back when world equity markets were recovering from
the Great Crash of Black Monday 1987.
http://goldnews.bullionvault.com/files/DowGoldviii11.png
That slump
itself had taken the Dow/Gold Ratio all the way down to 3.6, with gold prices
rising to nearly $500 per ounce as the Wall Street index sank to 1776 points.
Growth, of course, was only taking a pause in late 1987 – a quick breather
before the real race to perfection of the late 1990s. Today, in contrast, the
Dow/Gold Ratio could still go a lot further down. Or so says history.
Trading a
little over its century-long average of 10.0 today, the ratio bottomed during
the 1930s Great Depression at just below 2.0 ounces of gold for one Dow unit.
At the nadir of the next global depression – the inflationary depression of the
early 1980s – the Dow/Gold Ratio sank even lower, down to 1.0.
Whatever
flavor of depression we’ve got at the start of this decade – and it is a depression, as Western jobs data continue to show
and as the Dow/Gold yardstick will confirm if it goes much lower (keep an eye
on the underperformance of gold mining equities, too) – a growing flow of
private savings is choosing defense in gold bullion rather
than choosing business-risk in listed stocks.
That choice
might sound self-fulfilling if you work in psychiatry or government, a kind of
“clinical disorder” open to curing with medication, zero interest rates or
perhaps a third round of quantitative easing – most likely aimed at risk
assets, we guess, rather than the “risk free” Treasury bonds targeted by QE1
and QE2 – and which institutional investors are all-too keen to hold anyway.
So far,
however, investors choosing to buy gold only account for a
tiny portion of the money fleeing equities.
From here to a
true depression low in Dow/Gold (if such a level is reached), today’s gold
buyers will need to find many more friends. They’d also look early-birds
compared with the rush out of stocks – and into gold – needed to reach that 2.0
or 1.0 mark.’
The Great Stocks
Vs. Gold Round Trip Aug 19th, 2011 News (BusinessInsider) — ‘ When priced
in gold stocks have now returned to where they were at the market’s low-point,
back in 2009. Actually, we’re even worse now.
http://www.usagold.com/pete/newsviews/20110819GoldSPratio.jpg PG View: In 1965 De Gaulle called for a
return to an “indisputable monetary base,” one that “does not bear the mark of
any particular country.” He of course was referring to gold. As was pointed out
in a Forbes
article early in the week on the 40th anniversary of President Nixon
closing the gold window, “over the last four
thousand years, the only period in which humanity has not consistently based
its currency in metal, specifically gold, is the last forty.” And look what that has wrought…’
Ignore
Buffett's Advice, Don't Buy Stocks at Forbes Bert Dohmen [ Yeah … this is
really good advice. As a shill for fraudulent wall street, they may have given
him some ‘stellar performances and cash to boot’; but, the homespun bumpkin
senile buffet’s analytical abilities, if ever really extant, have certainly
passed the point of no return. You may recall how the clintons, with a mere
$1,000 or so, were revealed as ‘commodities trading wizards’, but as written up
in the Wall Street Journal ‘someone was giving them money’. In fairness, that
they were singled out (was) is a bit arbitrary inasmuch as that’s going on all
the time on wall street, and now with greater precision owing to greater
computer programming capabilities, to everyone else’s detriment. Remember, in a
manner of speaking, there are two sides to every trade, viz., winner and loser
(in relative terms).] ‘The markets plunged going into August 8. On
that day, the DJI closed with a loss of 629 points. My indicators signaled that
a brief bounce would commence the next day. According to the charts, the first
target for the S&P 500 was 1205. The target was hit exactly a few days
later. That was followed by a renewed plunge.
I have been
looking for a serious crisis to start in September. It appears that we have
seen the prelude for that. The big smart money has been preparing for the past
five months.You can see the “distribution pattern” on the charts since
mid-February. The rush to the exits is now accelerating and the smart money has
been selling short in large amounts.
The extreme
bullish sentiment that prevailed until the latest plunge was first replaced by
complacency, then by concern. However, the “fear” stage is still missing,
except at hedge funds that were forced to sell because of margin calls. In
fact, during the severe plunge in the first week of August, investment
investors became even more bullish according to Investorsintelligence.com. That
is not good for the markets.
The market
negatives are increasing in numbers. The IPO window is now shut. There are
signs that credit is once again vanishing. Loans are being called in, some
companies appear to have difficulties rolling over their Commercial Paper, junk
bonds yields are soaring, European banks may stop lending to each other, and
the European crisis is spreading out across the globe. It’s my view that this
will cause another credit crisis, just as in 2008.
What’s worse
is that contrary to 2008, the big players learned to read the signs from their
2008 mistakes. They are now wide awake, although in the media, their minions
still repeat the same bullish fairy tale. This means that this crisis could
develop much faster than the last one. (Read my book, Financial
Apocalypse, which is the
2008 roadmap, one which can be used very well for what is now happening.)
The words
“possible recession” suddenly is being mentioned a lot in the media, although
economists still strongly deny that possibility. Our rule is that the stronger
their denials, the more certain and the deeper the recession will be. In fact,
I declared in our May 9 issue of the Wellington Letter that the recession had
started.
Morgan Stanley
lowered its global GDP growth forecasts for 2012 from 4.5% to 3.8%. My forecast
is for 1%-2% or less. It would be negative growth except for the fudged
inflation numbers.
The European
politicians are not any smarter than those in the U.S. Merkel and Sarkozy had a
meeting in Paris and did nothing. That day I called the outcome “Disastrous”
for the markets. It took the markets a day to digest the consequences and then
the selling avalanche started. Many of the markets in Europe, led by the banks
stocks, went into virtual free falls, losing from 4%-7% in one day. Such losses
indicate an approaching crisis.
Now we see
some of the well-known Wall Street figures appearing in the media, telling
investors all the reasons why stocks are a good buy. One appeared with a long
list of bullish factors. Well, that list didn’t prevent the global stock market
from losing an incredible $6 trillion over the past several weeks. He did the
same cheerleading on national TV in 2007 before investors lost 50% of their
wealth.
Warren Buffett
is also once again the cheerleader saying he is buying stocks. He did that in
2007-2008 as well, and then the meltdown started later in 2008.
I would not
fall for this self-serving advice. Words cannot rescind a recession that we
already have, it cannot stop the insolvency of entire countries in Europe, it
can’t change the fact that major profit downgrades will appear soon, and it
can’t stop the China crisis that is now starting.
Gold is
soaring, but the mining stocks look terribly weak. There is great danger now
with the gold stocks getting hit hard by less developed countries, including
South Africa, to nationalize gold mines. This is too lucrative for them to
resist.
I would get
out of all money market funds unless they are “U.S. government only.” The
MMFs have big exposure to European banks. We believe that lending between banks
in Europe may seize, which means that the whole structure will start shaking.
You will start hearing the word “contagion.”
In my opinion,
the danger period is approaching. What we have seen until now is just a
“preview.” The main feature is likely to be worse.
Bert Dohmen is
editor of Bert Dohmen’s
Wellington Letter and author of Prelude To Meltdown (2007) and Financial Apocalypse (2011).’
The
"Crimes" That Wrecked The Markets Forbes / Robert Lenzner ‘CNN’s anchor in
London, Richard Quest, raised the issue squarely today about trying to explain
the “crimes” that have created this failure to recover from the 2008 recession
and the fear of another downturn in the economy that could wipe out many
of the gains we have achieved. Quest, of course, did not mean felonies or
violations of the law that would land people in prison. I think he meant crimes
of bad policy, crimes of financial illiteracy, crimes of stupidity, crimes of
poor leadership.
So, here’s my
attempt to sum up my answer to Quest.
The
powers-that-be saved the Masters of the Universe on Wall Street by using
trillions of loans, investments and guarantees that sent the signal that
Finance was the nation’s Number One Priority. This historic gift to
finance meant that the growing disparity between the super-rich and the middle
class would continue to widen, without anyone of our top policy gurus
suggesting it was splitting our nation. Some academics even worry about the
“crime” of pushing the middle class into poverty.
Nevertheless,
there was no bold strategy left to help those out of work. It was a “crime”
that the stimulus program did nothing to create any jobs in the private sector.
Obama’s economic adviser in 2009 , Larry Summers, was dead set against a
make-work program to put the nation’s skilled construction workers busy on
repairing the rusting infrastructure he finds distasteful at airports and
railroad stations. Now, we are going to be given the sop of an infrastructure
bank that couldn’t possibly be in place for years, if ever.
No question
the handling of the debt limit debacle was “crime” of poor
planning, no overall shred strategy and trying to effect a master plan for
$4 trillion cuts with only days to go before the August 2nd deadline.
Keystone Cops, whatever you wish to call it caused a loss of confidence
in the nation’s politicians; a kind of virtual “crime” on the public who
deserved better. Much better. This entire episode removed the foundations to
rational expectations for the stock market– and threw the nation into a
madhouse of volatility and confusion.
I don’t know
what to call the lapse in the markets faith in paper money– and the
more-or-less steady rise in the price of gold from $850 an ounce 3 years ago to
well over $1800 today. There is no other stock, bond or commodity you
could have purchased that had this magnificent performance. Well, maybe the
shares of Apple, and some global commodity producers.
Moreover, it
was a “crime” to do nothing about the obscene bonuses taken by the Masters of
the Universe– who only were able to pay themselves in this way because of the
federal bailout. No one has tried to get back the fortunes taken away by
Lehman’s Richard Fuld, Countrywide Credit’s Angelo Mozillo–or either of
the Merrill Lynch CEOs, who helped destroy their iconic firm. Now there’s a
“crime.”
Then, there’s
the SEC’s unwillingness to reinstitute the uptick on short sales of
stock– so that hedge funds and other speculators could not trigger sharp
sell-offs in the stock market If you had this “uptick” rule back, every short
seller would have to wait for a transaction at a higher price to sell
short– rather than the libertarian “crime” that allows them to pound a stock
lower to make sure-thing profits. It’s a crime short sellers are able to shoot
ducks in a barrel. Shocking lack of fairness. No wonder Aunt Sadie is fleeing.
No doubt there
were “crimes” committed in the week of volatility, with gyrations that scared
the public. These movements up and down were caused by the high frequency
trading by computers owned by hedge funds– who are not investors– but
in-and-out traders several times a day and who have no regard for fundamental
values. These Masters Of The Universe have the ultimate power in
American society because of their political contributions and lobbying.
I believe
Obama’s health plan to be a “crime” because it was a sellout to the 5 giant
health insurance firms that were given 4 years clear and free to raise their
premiums without interference. It was a “crime” because Obama was told by
leading Senators it was a terrible sellout of the citizenry.
I don’t know
what to call the bankruptcy of fiscal and monetary policy. In some
existential sense it is a “crime” that we have run out of fiscal and
monetary ammunition to turn this collapsing shock treatment around. It is
a “crime that 300 million people will be looking for Ben Bernanke, Fed
Chairman, to pull a rabbit out of a hat in Jackson, Wyoming next week, when
central bankers are meeting. QE2 came from last year’s meeting– but it
created no jobs.
The same will
be true after Labor Day when the much-ballyhooed Obama speech on jobs is
coming. I fear expectations are going to be terribly disappointed. Expect
rhetoric as in “We have always been a Triple A nation– and we always will be
Triple A. ” That was a “ crime” of speaking mush, when 300 million people know
better, and wanted to hear something meaningful. Not to have bold, kick-ass leadership
at a time of crisis is a sad sort of a “crime.” ‘
Accounting
Gimmics Resurface as Growth Flounders at TheStreet ‘--
Accounting gimmicks -- once the staple of the boom-boom stock market -- are on
the rise as companies attempt to convince analysts and investors that they are
profitable despite a sluggish economy, according to industry watchers. Accounting
techniques of Groupon and Zynga were under the spotlight recently, with the
Securities and Exchange Commission instructing both companies to adhere to more
stricter and conventional accounting standards, causing them to amend their IPO
offer documents.
The creative metrics in the IPO documents of recent
social-media IPOs are reminiscent of the dot-com bubble when stocks were valued on metrics like
"eyeballs", while fundamentals like revenues and profits were
ignored.
Rebekah Smith, director of financial advisory services at
accounting and consulting firm GBQ consulting, says accounting tricks and
schemes are likely to start unraveling as we head into 2012 and the lag effect
catches up. "The typical accounting fraud goes on for about 18 to 26
months before it is uncovered. The frauds that took place in 2009 are not going
to surface until later in 2011 or into 2012."
Financial statement fraud like the kind that took
place at Enron are rare. The Association of Certified Fraud Examiners estimates
that such manipulation accounts for only 4.8% of total fraud cases, although it
causes the most financial damage, with the median loss being more than $4
million.
But accounting gimmicks that focus on non-GAAP
(Generally Accepted Accounting Principles) measures are rampant and they can be
misleading.
Groupon, for instance,
claimed that the marketing expenses incurred to acquire customers were
"one-time investments" and hence they should be excluded from the
calculations of operating income.
By that metric the company made an operating profit at
$81.6 million in the first quarter of 2011, as opposed to an operating loss of
$113.9 million under traditional accounting standards.
However, analysts were quick to point out the metric
was absurd. "If you are going to capitalize acquisition costs, the onus is
on you to show proof that acquired customers stay as customers (and actually
buy products for many years)," Aswath Damodaran, Professor of Finance at
Stern School of Business and a reputed author of textbooks on valuation, wrote
in a blog post.
"With strong competition from other online
coupon based companies (like LivingSocial), it is entirely possible that
customers once acquired, are fickle and move on... If that is the case, the
acquisition cost has a very short amortizable life and begins to look more like
an operating expense," he wrote.
Zynga issued a restatement of its second quarter
results saying it did not hew to accounting standards in the way it estimates
how long people play its video games. That had the effect of understating revenues
during the second quarter. While the impact of the Zynga's restatement itself
was not substantial, it highlighted the murky accounting involved when it comes
to new business models. "There is
a new market of publicly traded companies with business models that open more
room for interpretation on how revenues and costs should be treated. We do see
some aggressive accounting techniques" says Dan Mahoney, director of
research at the Center for Financial Research and Analysis, a unit of MSCI that
specializes in forensic accounting.
Smith of GBQ
Consulting says there is a greater risk of financial statement manipulation at
such new-age businesses. "We have a lot of new business models and people
are still trying to understand how the finances of these companies work,"
she said. "Companies get to decide what to tell them[investors] on how
their industry works. They decide what the metrics should be."
While in a
traditional sector an astute analyst might call a company's bluff, it is harder
when you don't have history as a guide. "We don't have a typical 10-year
history. As a financial professional, you can't make a conclusion on what the
financial metrics should look like," says Smith.
Mahoney at
CFRA says companies with high valuations are also ripe for these sort of
gimmicks, as they are under pressure to sustain valuations.
While in a
traditional sector an astute analyst
might call a company's bluff, it is harder when you don't have history as a
guide. "We don't have a typical 10-year history. As a financial
professional, you can't make a conclusion on what the financial metrics should
look like," says Smith.
Netflix(NFLX) has been
criticized in the past for its calculation of subscriber churn rate, which
looks at the number of cancellations as a proportion of subscribers. Netflix's
method has the effect of overstating the subscriber base, thus making the churn
rate seem lower.
Analysts have
over time learned to adjust for this inconsistency. And as it turns out, the
movie rental firm has drastically
limited the metrics it is willing to provide , saying that in 2012 it will
no longer report churn, gross subscriber additions and subscriber acquisition
costs.
Problem
solved.
Stern's Damodaran
says companies resort to these tricks because the market analysts
simplistically assign multiples to a profit metric. All companies have to do is
"make a change that affects earnings and you can change the
valuation," he says. "Investors need to understand what Groupon's
business model is, what their potential market is, who are they going up
against."
--Written by
Shanthi Bharatwaj in New York
>To contact
the writer of this article, click here: Shanthi
Bharatwaj. ‘
Morgan
Stanley Biggest Welfare Recipient as Federal Reserve Lent Banks $1.2 Trillion
During Financial CrisisWall St. Cheat Sheet
Dow:Gold
Ratio and the Secular Bear Market at Minyanville Toby Connor Aug
23, 2011 ‘However low the risk, large potential trades are now in the stock
market, not in playing chicken with the gold parabola.
As I have been warning investors
for many months, stocks have now entered stage III of the secular bear market.
Gold, on the other hand, is now in the final parabolic phase of a 2.5 year C
wave advance.
My best guess was that we would see a Dow:Gold ratio of between 5-6 before this
C-wave ended. The ratio was at 5.71 as of today. I think we may still have a
little further to go on the downside for stocks
and a little further upside in gold. So it's entirely possible that we could
see a Dow gold ratio of 1:5 before the trends reverse.
http://image.minyanville.com/assets/FCK_Jan2011/File/August11/tobyc8231.JPG
Click to enlarge
However low the risk, large potential trades are now in the stock
market, not in playing chicken with the gold parabola.
Cyclically the stock market is now in the middle of the timing band for an
intermediate bottom. Presumably a sharp bear market rally in stocks will
trigger a regression to the mean, profit-taking event in the precious metals
market (the D-wave).
D-waves almost always test, and sometimes marginally penetrate, the 200-day moving
average. I've illustrated in the chart above a rough guess as
to where I expect the countertrend rally in stocks and the D-wave correction in
gold to retrace.
Keep in mind that the fundamentals for gold have not changed. A D-wave is
simply a profit-taking event triggered by an unsustainable parabolic rally. It
has nothing to do with fundamentals. Once the D-wave has run its course, gold
will enter a sharp snapback rally (the A-wave), after which it should
consolidate for the remainder of the bear market in stocks.
Stocks, on the other hand, after what should be a very convincing bear market
rally, will roll over and continue down into a final four-year cycle low,
probably in the late summer or early fall of 2012.
Depending on whether or not the Fed tries to fight the cleansing process, or
Ben Bernanke tries to stop the bear market with another round of quantitative
easing, stocks should either test or breach the March '09 lows.
Either way I expect that 2012 will go down as one of the worst years in human
history. Certainly in the same category as 1932, if not worse …’
Is the
Market Forecasting War? {
Kind of a ‘large dart board’ in terms of ‘educated guessing’ in light of the
perma-war ‘bent’ of these perma-war ‘bent’ nations; viz., ie., u.s., israel,
europe, etc.. } [ If so, and if this
writer’s correct, all nato’s and america’s misguided actions in the Mideast
will be viewed as an attempt to weaken Arab nations for the benefit of
war-mongering israel and will never be forgotten as such, to the substantial
detriment of the dying so-called western alliance. ]
End Of
Cycle Smelling Like Dow 3K, Gold 3K Forbes
/ Bill Bonner
‘ Listen up, dear reader
herein we announce an historic Daily Reckoning forecast. Here’s your north
star, your compass, your GPS to the future. Print it out. Paste it to your
refrigerator:
About
the turn of the century, two markets turned Gold turned up Stocks turned down
These major trends will end Whence they meet
Our
view is that the bear market began in January 2000. The feds fought it off with
two huge extravaganzas of spending — the first beginning in 2001 the other
after 2008.
Stimulus
does wonders for stock prices but it no longer works for the economy that
sustains them. For every dollar that the Fed has put to work to fight the
crisis since 2008, for example, it has produced only 80 cents worth of GDP. It
didn’t work.
Fighting
a credit contraction with more credit is a losing proposition. Eventually,
investors are bound to realize that stocks are headed down. Eventually the bear
market will resume. And eventually it will come to an end.
But
when? Our guess is that it will end when the Dow and the price of gold arrive
at the same point — probably around $3,000. Whatever the number, you’ll be able
to buy the entire group of Dow stocks for the price of one ounce of gold.
Of
course, our view is a minority one. Warren Buffett doesn’t buy it. Most investors
don’t buy it. We don’t even suggest that you buy it, dear reader. Just remember
it. If it turns out as expected, we want to be able to say ‘We told you so.’
And
if it doesn’t work out? Please have the grace to forget we mentioned it.
We
would like to be able to predict the future, but we’ve never gotten the hang of
it. We’re just guessing.
But
since we’re just guessing, we don’t see why we should hold back.
We’re
also guessing that…
…the
weight of so much debt is depressing growth…and will soon depress stock prices
too…
…that
the economy is becoming zombified from too much government money…especially the
military…
…that
Mr. Market is ready for a long bear market anyhow; he’s tanned, rested, and
ready to go to work
…that
the US is following in Japan’s footsteps…towards a long period of on-again,
off-again recession
…that
the recession of ’08-’09 in the US never actually ended…
…and
that stocks will go down over the next 5-10 years until they finally hit a real
bottom.
Our
guess is that gold goes down, shakes out the speculators and weak investors and
then, perhaps a couple years from now, perhaps longer — begins its third and
final phase.’
Back-to-School
Sales Looking Blahat The Wall Street Journal
CHINA, EMERGING MARKETS POINT TO DOUBLE-DIP 2011 August 24 http://www.iphone2die4.com/2011/08/24/china-emerging-markets-point-to-double-dip iphone-robot ChartProphet submit: The
collapse of the emerging markets, especially China, India, and Brazil, will
have a huge ripple effect on the rest of the world’s economies, and will plunge
most countries back into a global recession.One of the major drivers of the
markets over the past two years has been the “unstoppable” and highly promising
future of the emerging markets, especially China. As millions of inhabitants in
emerging countries begin to enter the “modern” world and middle class, their
consumption and their effect on the economies of countries all over the globe
increases. And as millions of people contribute to the growth of China, India,
and other countries, they will require extra food, energy sources such as
gasoline and oil, cotton for their increased consumption and clothing needs,
industrial metals for their new cars and technology, and many other materials
that a growing and evolving population needs…’
How much
higher can Apple shares go without Jobs? (Reuters) [ Or the market
without jobs? … The answer euphemistally is not much … but more accurately
should be not all and down quite a bit! ]
Arguments
for Being in the Crash Camp Conor Sen Aug 29, 2011 ‘If you want to take risk, only
own things you're willing to own in a down 20-30% tape, because that's what we
could see over the next month. ‘This
piece is going to read a bit like an inner monologue in the hopes that seeing
how I wrestle with conflicting ideas may help with your own thought process.
One of the responsibilities of putting your thoughts online for public
consumption is only writing when you think you have something worth reading.
After awhile you accumulate a portfolio of pieces and can see common themes
in your writing, the struggles you've had, and whether you've been on the mark
or not. And this summer I've written primarily about three topics: 1) the 2011
consumer tech IPO names led by Groupon, LinkedIn, and Zillow, which I've done a reasonable job with, 2) pessimism about the debt ceiling deal being resolved early
due to the intransigence of the 2011 GOP, which I also feel I analyzed well,
and 3) the ongoing macro tug-of-war between compelling valuations and the
escalating European debt crisis, which I've gotten wrong.
The closest I got was in a June 24 piece where I wrote,
"My
experience in 2007-08 taught me that in credit contagions understanding these
dynamics is all that matters. Charts don't matter, macro data doesn't really
matter, and until the contagion stops valuation doesn't really matter either. A
$1 bill could trade for 70 cents if firms need to raise capital."
That's what I fought earlier this month, convinced that valuations for some
blue-chip firms and not-as-bad-as-people-think macro data
would be good enough. It hasn't been. The problem is, I thought about the issue
too narrowly, focusing only on European sovereign spreads without seeing the
second-order effects those spreads would eventually have. As sovereign spreads
for the European periphery widened, governments responded by imposing austerity
measures, which have now flowed through to the point where Europe may be back
in recession. Here's one measure of the trend in economic activity for the key
European countries.
http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/plummet1.jpg
With sovereign spreads stressed and economic activity rolling over, European
banks have been under pressure, both the equity and of course the credits, with
credit default swaps for European banks at wider levels than they were in
2008-09.
http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/plummet2.jpg
The problem with this is that credit
spreads and equity prices are intricately linked, as this
chart from Goldman Sachs shows comparing the spreads of the key iTraxx Main CDS
index with the STOXX 600 index, Europe's equivalent to the S&P 500.
http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/plummet3.jpg
And in a leveraged, interconnected world, a systemic problem somewhere flows
everywhere else, as investment-grade and high-yield credit indices in the US
show.
http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/plummet4.jpg
The key question I've asked this week is: Can European banks, or Bank of
America, fund themselves right now? The answer is no. That's a problem. If
economic data were getting better, even on a green shoots basis, that might be
one thing, but just about every data point we've gotten out of Europe recently,
or Philly Fed here in the US, has been negative on a second derivative, and in
many cases, a first derivative basis.
If we knew that fiscal and monetary policymakers were ready to fire bazookas
and gas up their helicopters, that'd be a different story. In 2008-09 we got a
big fiscal stimulus package out of China and a lesser but still sizable one in
the US. Today we have both the US and Europe looking to cut spending, not
increase it. On the monetary policy front, the ECB actually raised rates this
summer, and Ben Bernanke's speech at Jackson Hole on Friday shows that either
he doesn't think additional stimulus is needed, that it won't help, or that
there's too much political risk
to take bold action, precisely the problem he said hampered the Japanese in his
famous 2002 speech on deflation.
Most worrisome of all might have been comments out of German Chancellor Angela Merkel last weekend,
when she said, “Politicians can’t and won’t simply run after the markets. The
markets want to force us to do certain things. That we won’t do. Politicians
have to make sure that we’re unassailable, that we can make policy for the
people.”
This is after a 25% drop in the DAX, and the leader of the country that holds
all the cards in Europe says that she won't be bullied by markets. The Bernanke/Merkel/Trichet
put may exist, but its strike price appears to be a lot lower than many
thought.
When nearly every major bank in Europe has a credit spread north of 300bps or
is headed there in a hurry, I'm not going to make the argument that so-so US
economic data, solid earnings,
and attractive valuations will win out in the short term. Markets are cruel and
merciless when it comes to leveraged institutions under financial stress. In
2008-09 to combat this we got TARP, the AIG (AIG)
bailout, the stimulus package, the Temporary Liquidity Guarantee Program
(TLGP), a whole host of other short-term funding
programs from the Fed, and finally in March of 2009 we got green shoots, second
derivative improvements in the economy. Today we have, "Most of the
economic policies that support robust economic growth in the long run are
outside the province of the central bank." If the SPX went to 700-800 we
would see multi-generational bargains for a whole host of names, many of which
would trade at around cash value plus a 2-3 multiple on earnings. But
structurally, there's no reason why it can't happen. If you want to take risk
here, only own things you're willing to own in a down 20-30% tape, because
that's what we could see over the next month.’
Stocks
Woosh Higher in Vacuum, Now Perfectly Poised for Disappointment at
The Wall Street Journal
What
to Expect Next From the Markets at Minyanville Jeffrey Cooper
Aug 29, 2011 ‘Conclusion: It looks
like a program was run using the least amount of dollars to goose the indices
by focusing on some big cap names like Apple (AAPL),
Amazon (AMZN),
Baidu (BIDU), IBM
(IBM),
and Caterpillar (CAT) on Friday.
That is why the market is so dangerous here ‘
‘From a technical perspective, the markets are looking dangerous
right now. On Friday, a big buy program was run for Ben Bernanke’s speech after
running the stops and getting traders short.
The S&P buckled after breaking the 1154 mid-point of the recent range,
running the stops and trapping shorts for good measure on a Pinocchio of the
key 1140 support, as
offered in the last report.
However a first hour low was scored in a mirror image of recent first hour
highs and I sent an
alert to cover shorts. Combined with Bernanke’s speech, the flip was
switched to save a poor weekly close when the S&P recaptured 1154.
A 10 minute chart of the SPY shows a downside ORB (a break of the opening range
defined by the first 30 minutes) to flush the stops, and then an ORB Reversal
back through the level of the downside pivot, followed by a powerful Reverse
ORB on a thrust back through the top of the opening range implying a trend day
to the upside.
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/29/ARCX_SPY_10%20--%20SPDR%20S&P%20500%20TRUST.jpg
The promise of the Catapult ORB -- first to the downside then back to the
upside -- was further fulfilled on penetrating topside lateral resistance above
117 SPY.
In so doing, the notion of a Fed Cha Cha Cha was turned into more of a
jitterbug for the shorts to run for cover.
The ensuing extension by the SPY led to a retracement back to the low of
Thursday’s high bar.
Thursday gave a first hour high while Friday gave a first hour low as the
robots play ping pong with tape.
One might fairly call Friday the “case of the missing ‘cha’".
Typically following Fedspeak, there is a sequence of 3 moves in opposite
directions with the third move being the genuine bias.
In Thursday morning’s report I suggested that the direction
following the first hour on that day should be the bias into the
weekend. There was a change of character in the dynamics which the Reverse ORB
did a good job of identifying.
There is another short term change in character implying a continuation on
Monday morning (whether that will define a first hour high again near the
important 1180ish resistance remains to be seen).
That short term change in character is set up by Friday’s Reversal of a
Reversal, or what I call a ‘Kaiser Soze’.
Why? The important Three Day Chart Turned down on Monday as the S&P traced
out 3 consecutive lower daily lows. In addition, Monday saw the Weekly Swing
Chart turn down.
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/29/SPXweeklyJulyb.jpg
Click to enlarge
The fact that the turndown was marginal and defined a low immediately in terms
of both time and price was a bullish indication of a short term test and a
potential short term “W” bottom on the daily charts.
The takeaway was a multi-day rally which played out, finally satisfying a kiss
of the overhead 20 day moving
average which the S&P failed to accomplish on the first
rally off the lows.
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/29/INDEX_$SPX_D%20--%20S&P%20500%20INDEX%20%7BDelay20%7D.jpg
The tag of the 20 dma, which played out on Thursday, was the first test of that
trendline since the Cascade
Setup began in July.
A pullback to the 20 dma is referred to by many traders as the Holy Grail for
its effectiveness in defining a reversal point -- especially the first time.
Like clockwork, the S&P was rejected by the 20 dma on Thursday in concert
with a turnup of the Three Day Chart. This defined another high, setting up a
continuation trade for Friday to the downside.
However, a funny thing happened when the bears pressed the case of the “yes we
have no QE3 Bananas for you” speech at the Jackson Hole forum -- the S&P
left a Reversal of a Reversal, stopping right at the 20 day moving average and
flirting with an extension above it this morning. This would coincide with a
breakout over a trendline from late July.
Not all breakouts are created equal, as we saw with the breakout to a new high
in May this year and also on the short-lived trendline breakout into the
important July 7th pivot high.
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/29/SPXdailyAprilb.jpg
Click to enlarge
My rule of thumb is that breakouts and upspikes in persistent bear phases are
made for the selling. However, as the weekly chart of the S&P shows, the
index will turn its weekly chart back up on trade over last week's high of
1190.68 (Thursday’s first hour high).
The normal expectation is that this would set up another high, but because of the
pattern of the W bottom, the constructive behavior on last week's turndown of
the Weekly Swing Chart, and because the S&P is poised to pop over its 20
dma this morning which coincides with a breakout over a declining trendline,
there is a likelihood that the bears will keep their claws in their pockets and
the bulls may snort a little. While I would give the market its due on the
upside if the action is constructive following the turn up of the weekly chart
-- which the futes suggest will occur near the open -- I am not too interested
in being long more than a few hours and overnight.
Be that as it may, a further change in short term behavior and constructive
action following a turn up of the Weekly Swing Chart suggests a move to/over
1208, the recent swing high.
At
the same time the the 55-day panic point from the July 7th pivot window does
not close until August 31st, so this is tricky here. However, the market is not
a fine Swiss watch and when it comes to these cycles one must allow for plus or
minus a few days. I think we should key off the behavior following a turnup in
the weekly chart and the action following the first hour. If the trend is still
in runaway down mode, another high could be defined quickly. I would exercise
some patience here and let the market speak.
The cycles suggest another short-term plunge into September 3rd and then a
bigger rally to 1220 or higher into/around the end of the first week of
September to September 11th. It then suggests another plunge that undercuts the
1100 low to possibly as low as 1018ish. If a flush of the lows plays out under
1100, it could mirror the pattern from 1937 or 1938. In other words it could be
a fractal of the first waterfall decline with a marginal undercut, or we could
see a deep flush of the lows.
The takeaway is that not all W bottoms are created equal. Often a W V pattern
plays out. This is the pattern that played out from the triangle/consolidation
in late 2008 to the “V” in March ’09.
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/29/DJ-30%201937%20-%201938%20final%202.jpg
While the institutional bulls are caught long on the trap door setup from
August, a little strategy is required: above 1180 and then 1200 could see the
S&P test 1220ish. This marks the double tops from April/November 2010. When
the market knifed though those prior highs, which should have been ultimate
support if the trend was still healthy, the Head & Shoulders Top projection
to 1150 at a minimum became irrefutable. Those prior peaks near 1220, now
broken, should offer substantial resistance. However, with many funds trapped
short and everyone looking for a test of the neckline near 1250/1260 and a test
of the 200 day moving
average as it turns down, reconfirming the sign of the bear,
it’s anybody’s guess if the sellers let it get back there -- at least in
September. Perhaps a test of the 200 day plays out after a ‘W V’ and a flush of
the lows, leading to a big “Bankers Rally”/Christmas rally to rescue bonuses,
like in 2007.
Conclusion: It looks like a program was run using the least amount of dollars
to goose the indices by focusing on some big cap names like Apple (AAPL),
Amazon (AMZN),
Baidu (BIDU), IBM
(IBM),
and Caterpillar (CAT) on Friday.
That is why the market is so dangerous here -- because despite big gains in
these names when a big fund turns around to liquidate, they find few
substantial bids on the way back down and these same stocks
can be down 4 and 5 points again with another 400 point DJIA down day. When
exactly that next break comes is anybody’s guess, but cycles suggest it is
sooner rather than later. I would be patient about being too long for more than
a few hours to a day or two for the time being. With everyone looking for the
Big Backtest of the 200 dma, it is also anybody’s guess as to when that arrives
-- from here or following a flush out of the lows. With everyone eyeing
perceived targets of S&P 1220 to 1250, will the market just burn out here
with everybody waiting and with an undercut of the lows having to play out
before a better rally into year end? It is interesting that the war cycle from
1990 -- when Iraq's invasion of Kuwait on August 2nd precipitated a market
waterfall -- that there was a July pivot high as there was this year.
In 1990 there was no low until October. August 2, 1990 was 252 months ago,
tying to the big September 3rd historic cycle (which includes the 1929 all time
high). In addition we have the 120 month anniversary of 9/11 and that Spike
& Reversal pattern coming up, so I think a lot of volatility remains in
store and patience and discipline will be critical no matter how good a short
term change in character appears.
Strategy: I would look to scalp long above 1170 and scalp short below 1160.
Monday may hold up, but it will be interesting to see if we reach the high for
the week today -- in bear phases the first hour of the session often times
scores the high for the day. If Tuesday is a reversal day, I suspect the market
will trend down into the Labor Day weekend. If the market rallies up into the
weekend it should define another ledge and jumping off point.
Gold broke according to expectations early last week from just above 1900.
Another short sets up in the 1820 zone if it hasn’t already topped with a
turnup of the daily charts on Friday. Ditto iShares Silver Trust (SLV). The next
break should target 1660 and below that 1590.’
Obama's
Legacy: A Failed Recovery & Double-Dip Recession
3
Reasons Markets Were Up After the Commerce Department Reported Jump in Consumer
Spending Wall St. Cheat Sheet ‘August
29, 2011, 4:30 pm EDT Markets closed up on Wall Street today: Dow +2.26%
, S&P +2.83% , Nasdaq +3.32% , Oil +2.38% , Gold -0.47% .
On the
commodities front, Oil climbed to $87.40 a barrel. Precious metals were down,
with Gold falling slightly to $1,788.80 an ounce and Silver falling 0.40% to
$40.84 an ounce.
Hot News: Merkel
and Sarkozy’s Euro Bailout Under Fire from German Lawmakers
Today’s
markets were up because:
1) Greek
banks. News that Alpha
Bank would acquire Eurobank had European stocks rallying, including and
especially those of other Greek banks, as the announced merger boosted hopes
that European banks would consolidate in order to help them weather the debt
crisis. European Union and Greek officials have been pressing lenders to form
stronger groups for many months now.
2) Consumer
spending. While the news has already been somewhat dampened by the fact that consumer
confidence declined sharply in August, consumer
spending in July was reported today by the Commerce Department as having
risen 0.8%, its fastest rate since February, after declining in June. The
recovery of the auto sales played a large part in heightened spending, as did
the cost of air conditioning in a July that exceeded average temperature levels
in most states. Given that consumer spending accounts for roughly 70% of the
U.S. economy, news that it grew so rapidly in July, a month when unemployment
declined, paints a good picture of economic growth, though that growth may have
been temporarily thwarted in late July and early August as lawmakers fought
over a debt deal, S&P downgraded the U.S., and markets experienced a
lengthy and drastic sell-off.
3) Capital
goods. Some of today’s best performers were capital goods stocks, with many
outperforming the Dow, the S&P, and the Nasdaq. Leading gains were
Dresser-Rand and USG Corp. , climbing roughly 13% each, while heavy-hitters
Deere & Co. , Caterpillar , and Cummins all made gains of over 3% during
regular trading. Overall, the capital goods sector climbed 3.40%, making it the
best-performing sector of the day.
BONUS: Hurricane
Irene Leaves Billions of Dollars in Damage ‘
Five- How Irene lived up to the hype Five Thirty Eight ‘…Loss estimates for Irene are going to take some
time to calculate — but the early figures are quite bad. Estimates in an ABC
News article are of property losses of between $7 billion and $13 billion —
and the rule of thumb is that total economic losses are equal to about twice
property losses, which would imply a total price-tag of between $14 billion and
$26 billion.Using the low end of that range — $14 billion in total losses —
would rank Irene as the 8th-most destructive storm since 1980, adjusted for inflation
and the growth in wealth and population. http://graphics8.nytimes.com/images/2011/08/29/us/politics/fivethirtyeight-0829-NU3/fivethirtyeight-0829-NU3-blog480.jpg
So Irene right now ranks as the 10th-deadliest storm since 1980, with some
possibility of that number going higher. And it ranks as the 8th most
destructive storm economically, give or take. Meanwhile, it received about the
10th-most media coverage…’
As U.S.
Households Save, Economy Sputters by News August 29 (The
Wall Street Journal) — “Delay and pray” is not a viable fix for the household
sector’s woes. Indeed, it may only be making things worse.In a marked shift
from their borrow-and-spend behavior during the boom, U.S. households are now
by and large prioritizing saving and debt reduction. On Monday, the Commerce
Department is to release July figures likely to show the personal saving rate,
or proportion of after-tax monthly income unspent, in the 5% to 5.5% range it
has maintained for roughly the past 18 months.
http://www.usagold.com/pete/newsviews/20110829SavingRate.jpg
Though that
remains below the 7% to 8% average of prior decades, this recent upswing is a
welcome turn from the near-zero saving rates of years past.[source]
PG View: While personal consumption expenditures (PCE) rose
0.8% in July, the recent rise in the personal savings rate is certainly not
welcomed by retailers, nor the Federal government. They don’t want you to save.
They want you to spend. Nothing would please them more than to see the saving
rate drop back to zero or even lower. The Fed recently made it clear that they
would continue to disincentivize saving by keeping short-term rates near 0% for
at least another two-years. This allows banks to pay a negative yield in
real-terms, below the rate of inflation. It therefore makes perfect sense to
hold some of your savings in gold.
Euro
bail-out in doubt as ‘hysteria’ sweeps Germany Aug 29th, 2011 by News
German
Chancellor Angela Merkel no longer has enough coalition votes in the Bundestag
to secure backing for Europe’s revamped rescue machinery, threatening a
consitutional crisis in Germany and a fresh eruption of the euro debt saga. By Ambrose Evans-Pritchard August 28 (The Telegraph)
— Mrs Merkel has cancelled a high-profile trip to Russia on September 7, the
crucial day when the package goes to the Bundestag and the country’s
constitutional court rules on the legality of the EU’s bail-out machinery.
If the court
rules that the €440bn rescue fund (EFSF) breaches Treaty law or undermines
German fiscal sovereignty, it risks setting off an instant brushfire across
monetary union.
The seething
discontent in Germany over Europe’s debt crisis has spread to all the key
institutions of the state. “Hysteria is sweeping Germany ” said Klaus Regling,
the EFSF’s director.
German media
reported that the latest tally of votes in the Bundestag shows that 23 members
from Mrs Merkel’s own coalition plan to vote against the package, including
twelve of the 44 members of Bavaria’s Social Christians (CSU). This may force
the Chancellor to rely on opposition votes, risking a government collapse.[source]
New
York Fed re-monetized $3.150 billion in Treasury coupons in today’s QE2.5
operation.
Aug
29th, 2011 09:30 by News
US
NAR pending home sales -1.3% to 89.7.0 in Jul, vs 90.9 in Jun.
Aug
29th, 2011 08:29 by News
US
personal income +0.3% in Jul, about what the market was expecting; PCE +0.8%,
above expectations.
Aug
29th, 2011 08:27 by News
Prophet
Economist Issues Eerie Warning. Disturbing Charts Expose “The Unthinkable.”
(Moneynews)
The
Full-Blown Correction Is Underway
Euro
bail-out in doubt as ‘hysteria’ sweeps Germany London Telegraph
| If court rules €440bn rescue fund breaches Treaty law or undermines German
fiscal sovereignty, it risks brushfire across monetary union.
Anonymous
Announces Wall Street Occupation The Daily Bail |
Anonymous has now joined forces with AdBusters in calling for a non-violent
occupation of Wall Street beginning on September 17th.
Study
shows powerful corporations really do control the world’s finances PhysOrg.com
| The structure of the control network of transnational corporations affects
global market competition and financial stability.
The American economy is in shambles and Bernanke has no
clue what to do about it Activist Post | The private Federal Reserve
has been systematically devaluing and debasing the dollar.
The
mystery of the Double Eagle gold coins MSNBC | The most valuable coin in
the world sits in the lobby of the Federal Reserve Bank of New York in lower
Manhattan.
Anonymous
to occupy Wall Street – why not #surroundthefed? Keiser Report | Max Keiser
and co-host Stacy Herbert discuss Anonymous joining #occupywallstreet.
Obama Job
Disapproval Hits New High Daily Caller | President Obama’s disapproval
rating reached its highest level to date Sunday.
(8-29-11) Dow 11,539
+255 Nasdaq 2,562 +82 S&P 500
1,210 +33
[CLOSE- OIL $87.61 (-54% for year 2008) (RECORD
TRADING HIGH $147.27) GAS
$3.59 (reg.
gas in LAND OF FRUITS AND NUTS $3.79 REG./ $3.90 MID-GRADE/$4.00
PREM./ $4.22 DIESELL) / GOLD $1,792 (+24% for year 2009) / SILVER $40.86 (+47% for year 2009) PLATINUM $1,818 (+56%
for year 2009) Metal
News for the Day / DOLLAR= .68
EURO, 76 YEN, .60 POUND STERLING, ETC. (How low can you go LOWER)/
Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.28% 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 The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data 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!
BofA
Warns Upcoming “Desperate Measures” By Authorities Will Result In Another 2008
Market Collapse Zero Hedge |
New
national debt data: $4.247 Trillion in 945 days L.A. Times
Home
sales approach worst point in half a century Bloomberg
Bloomberg
reveals massive corruption in the private Federal Reserve Madison
Ruppert
In
Baltimore, homes for $10,000 — and less Baltimore Sun |
Housing prices continue to fall through much of the region.
Social
Security disability on verge of insolvency
MKM
Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows at Barrons.com
Murray Coleman ‘Stocks continue to slump today, reeling from a raft of ugly
data and growing concerns about European sovereign debt. But how far lower
can ETFs tracking key benchmarks slide? MKM Partners’ technical analyst Katie Stockton sees a range around $110 a share
for the SPDR S&P 500 ETF (SPY)
as the next level of support. That would represent about a 3-4% drop from
current levels. SPY most recently was trading down 4.6% at $114.09 a share. “I
do expect that level ($110) to be re-tested in coming weeks,” Stockton said in
an interview, noting that level had been tested early last week and held. The
problem is that her indicators show that blue chip U.S. stocks still could have
a ways to go. “The market doesn’t appear oversold at this point, so the market
looks like it could go lower,” Stockton said. Perhaps the most important level
for SPY is the February 2010 low of $105 a share, roughly 8% below current
levels. “That level hasn’t been broken on a decisive basis yet,” Stockton
noted. “That’s the number we’re really keeping a close eye on after what’s
taken place today.” Meanwhile, the tech-heavy Nasdaq’s near-term backdrop looks
just as volatile, notes Michael Ashbaugh in his Technical Trader investment
letter. With Thursday’s downturn, the benchmark has knifed straight through
initial support at 2,493 placing it back within August-crash territory. In the
near-term, the veteran technician expects to see modest support at around 2,357
— its August closing low. That’s around 0.6% from where the index’s trading at
now.’
Stocks
Plunge, Gold Surges on Global Concern Aug 18th, 2011 14:30 by News (Bloomberg) — ‘Stocks plunged
while Treasuries rallied, pushing yields to record lows, amid growing signs the
economy is slowing and speculation that European banks lack sufficient capital.
Gold climbed to a record, while oil led commodities lower.
The Standard & Poor’s 500 Index tumbled 4.5 percent to 1,140.74 at 4 p.m.
in New York. The Stoxx Europe 600 Index lost 4.8 percent in its worst plunge
since March 2009 and Germany’s DAX Index slid 5.8 percent, the most since 2008.
Ten-year Treasury yields fell as much as 19 basis points to 1.97 percent as
rates on similar-maturity Canadian and British debt also reached all-time lows.
The dollar gained versus 15 of 16 major peers, strengthening 0.6 percent to
$1.4336 per euro. Gold futures rallied as much as 2.1 percent to $1,832 an
ounce, while oil slid 5.9 percent.’ European
Shares Fall Most Since March 2009 Aug 18th, 2011 12:01 by News (CNBC) — ‘European equities
suffered their biggest daily fall in two and a half years on Thursday, as a
slew of data cast further doubt on the strength of the recovery in the world’s
biggest economy. German shares lost most, with traders citing the effects of a
short-selling ban on financial stocks in other parts of Europe and intensifying
worries about politicians’ lack of a plan to address the euro zone sovereign
debt crisis. The European banking sector, exposed to the euro zone debt crisis,
fell 6.6 percent and is down 29.7 percent this year.’
Jobless
Claims, Inflation Rise More Than Expected CNBC | New U.S. claims for
unemployment benefits rose more than expected last week. Chavez
Nationalizes Venezuela’s Gold Industry, Recalls Hundreds of Tons of Gold Held
Abroad, May Cause a Scramble for Physical Gold From JP Morgan and Others SEC
destroyed crucial probe data: senator AFP | The SEC may
have destroyed documents related to possible violations by major banks and
hedge funds. World
stock markets plunge as fears of recession intensify guardian.co.uk Don’t
Swallow the FED’s $16 Trillion Suicide Pill Michael McKay
| The Federal Reserve secretly kept the Phony-Fiat-Money-System afloat by
“lending” out $16 Trillion. GALLUP:
Americans satisfied with ‘the way things are going’ — 11%! Gallup
| Americans’ satisfaction with the way things are going in the United States
has fallen back to 11%.
Stocks:
Mutual Fund Investors Hate Them the Most Since Oct. 2008 at The Wall
Street Journal
Rick
Perry on Ben Bernanke: Fed Chairman's Money Printing Policies Are "Almost
Treasonous"at Minyanville
The
Loss of Momentum in the Markets All Too Apparent Now Bob Chapman
Venezuela Plans
to Move Reserve Funds Aug 17th, 2011 10:35 by News August
17 (The Wall Street Journal) —‘ Venezuela plans to transfer billions of dollars
in cash reserves from abroad to banks in Russia, China and Brazil and tons of
gold from European banks to its central bank vaults, according to documents
reviewed Tuesday by The Wall Street Journal.The planned moves would include
transferring $6.3 billion in cash reserves, most of which Venezuela now keeps
in banks such as the Bank for International Settlements in Basel, Switzerland,
and Barclays Bank in London to unnamed Russian, Chinese and Brazilian banks,
one document said.Venezuela also plans to move 211 tons of gold it
keeps abroad and values at $11 billion to the vaults of the Venezuelan
Central Bank in Caracas where the government keeps its remaining 154 tons of
bullion, the document says. PG View: There have been plenty of
reasons to question President Chávez’s sanity in recent years, but seeking to
lessen Venezuela’s dependence on the dollar and removing assets, particularly
their gold, from Western banks is actually pretty prudent. It will be
interesting to see how forthcoming those Western banks will be in facilitating
the repatriation of Venezuela’s gold.’ Chavez
Plans on Nationalizing Gold Industry Fox Business | “I have here the laws
allowing the state to exploit gold and all related activities.”
Putin
sets sights on Eurasian economic union Financial Times | Twenty years after
the Soviet Union collapsed, Vladimir Putin, the Russian prime minister, may
not, as is sometimes alleged, be trying to recreate it.
Putting
The Cart On Top Of The Horse, Or Why Heaping Fiscal “Stimulus” Upon “Stimulus”
Is Suicide For America Zero Hedge | Feeding the government monster is,
contrary to what Krugman and other Keynesians will tell you, in the current
regime of coincident monetary irrigation, an exercise in futility.
Merkel/Sarkozy
press conference: No chance of eurobond anytime soon. No expansion of ESFS.
Move toward common governance.
Financial transaction tax.
Aug 16th, 2011 10:37 by News EUR rallied then retreated. Germany adds to
eurozone’s woes Aug 16th, 2011 10:13 by News August 16
(Financial Times) — German economic growth slowed to a near standstill in the
second quarter of this year, dealing a further, unexpected blow to the
crisis-hit eurozone.The surprisingly-sharp deceleration in activity in Europe’s
largest economy hit overall eurozone growth and intensified fears about the
global slowdown. It also threatened to complicate the challenge facing the
region’s policymakers as they seek to combat its escalating debt crisis.
Stocks
Slip On Concern Over Europe's Debt, U.S. Data
Dell braces investors for a bumpy road 16 Aug 2011 Dell
makes a case on why it can better weather an upcoming storm with more higher
margin businesses...
S&P
says sell Google's shares after Motorola deal
Ron Paul on Texas Straight Talk: U.S. Government Debt Is
Becoming Worthless
How
Low Will Stocks Go? at Minyanville
By MoneyShow.com
Aug 12, 2011 ‘Up 500
points one day, down 500 the next. That’s the way the market is these days.
On Wednesday, the Dow Jones Industrial Average plummeted 520 points, erasing
all of Tuesday’s gains from the Federal Reserve’s decision to keep short-term
interest rates near zero. As of noon Thursday, it’s up about 250.
By Wednesday’s close, the Dow had lost 2,000 points, or more than 15% of its
value, since July 21. The S&P 500 and Nasdaq Composite indexes lost
slightly more during that time. All three are perilously close to the 20%
decline from the late April-early May top that many pundits (particularly in
the media) use as a rule of thumb to determine a bear market.
Unfortunately, I think stocks have still lower to go. How low? Later in this
column I’ll tell you what some respected technical analysts think.
But let’s start with the fundamentals.
First, the economy. Need I say more? Jobless figures were somewhat better in
June, but economists have revised downward their estimates of GDP growth.
Measures of consumer confidence are pretty weak.
And did anybody get the real message the Federal Open Market Committee put out
Tuesday? The economy is so sick, the Fed is willing to guarantee exceptionally
low rates for two years! I’ve never seen the Fed telegraph its moves so far in
advance, and the FOMC’s statement said over and over again how lousy the
economy is.
Meanwhile, the open rebellion by three voting FOMC members makes it highly
unlikely we’re going to see another round of quantitative easing anywhere near
as big as the last two.
Third, there’s the debt crisis. Everyone agrees the European Union just doesn’t
have the money to bail out Italy and Spain, its third and fourth largest
economies, if it comes to that. Rumors are swirling about the health of French
banks and the safety of France’s AAA rating.
And the debt-ceiling standoff here, which culminated in S&P downgrading the
US’s AAA credit rating, means more government action to “fix” the economy is
likely off the table.
So there’s no way President Obama will get much additional stimulus. He’s
desperately trying to extend unemployment benefits and the payroll tax holiday
for another year, but that looks pretty iffy at best. (You can read more from
me about the "end of the welfare state" on The Independent Agenda.)
Finally, there are earnings, which have been great. But we’re getting much
later in the cycle, and their momentum appears to be slowing. It’s hard for me
to see how earnings growth alone is going to power the market much higher when
everything else appears to be going in the opposite direction.
And while valuations are looking attractive by some measures, they don’t exist
in a vacuum, either.
So, where does that leave us? Four prominent technical analysts I contacted all
agreed: Stocks are heading lower, likely into a new bear market.
David Sneddon, head of technical analysis research at Credit Suisse in London,
said the 1,370.58 intraday high in the S&P we saw on May 2 was the likely
top. There’s critical technical support around 1,100, which is just about from
where the market bounced back this week. So far, we seem to be holding that.
The next level of technical support below that is at 1,020-1,022. “You’d have
to get below [1,000-1,010] to have a genuine bear market.”
Another London-based technician, Sandy Jadeja of City Index, who watches the
Dow, thinks that’s where we’re going.
A few weeks ago, he predicted the Dow would drop to 10,428, which it did. Now,
he told me by e-mail, “the rally that follows will be brief, and then lead to
another leg down to 9,673 and further.”
“Lows are not to be expected until 2012,” he concluded. “Next month is critical.
If we break the low of August in September, there is worse to come.”
Mark
Arbeter, chief technical analyst of Standard & Poor’s, said back in May and
June that the bull market was probably over, as I reported in this column. He hasn’t changed his position.
By e-mail, he said he “would look for some stabilization and a potential
short-term rally now that the S&P 500 has fallen into a major zone of chart
support…between 1,023 and 1,128.”
Ultimately he thinks the S&P could fall to 1,020, or maybe as low as 935.
That would be 15% below Wednesday’s close, and would definitely mark a new bear
market.
Michael Kahn, who writes the Getting Technical column for Barrons.com and the
QuickTakes Pro blog, has long argued we’re in a secular (long-term) bear
market, and he thinks the cyclical bull is over, too. Like Arbeter, he sees
1,010 to 1,050 as the next level of support for the S&P, and below that
930.
“I think it stops at 930 to make the 2000s-2010s follow the 1970s very
closely,” he wrote me by e-mail. That’s one decade for which investors have
little nostalgia.
The technicians are unanimous that stocks are going lower, though some are looking
for a strong rally that goes against the bearish trend. Arbeter doesn’t expect
that rally to go much beyond 1,250-1,260 before it sells off again. Sneddon
doesn’t think it’ll bounce much higher than 1,200.
“We’ve clearly seen a lot of technical damage done in a lot of markets,” he
told me. “I would be personally [inclined] rather to lighten up and reduce my
positions” on rallies.
That would be my position, too, if I hadn’t already taken profits and sold what
I wanted to a couple of months ago.
If you missed that chance, I wouldn’t sell in panic now, but would wait for
stocks to mount a rebound to sell off positions in riskier small-cap stocks
(which already may be in a bear market) and emerging markets, whose time in the
sun has come and gone. That also may be a good time to permanently reduce your exposure to equities.
But I certainly wouldn’t buy into a market like this with all its wicked swings
and uncertainties. Even mighty Goldman Sachs (GS)
lost money on 15 trading days in the second quarter! And John Paulson, the
hedge-fund genius who masterminded “the greatest trade ever” by shorting
subprime mortgages, has lost 31% so far this year in his largest fund.
If people like that who have the best information and technology are losing
money in this market, do you really think you’re going to beat them at their
own game?
There will be a time to buy again, but it’s not now. This market is heading
lower.’
Editor's Note: This article was written by Howard R. Gold, editor at large
for MoneyShow.com.
Five Reasons for the Stock Market Crash and Zero
Interest Rate 11 Aug 2011 Read more: Five Reasons for the Stock Market Crash and Zero Interest
Rate http://www.moneynews.com/StreetTalk/Stock-Market-Interest-Rate/2011/08/11/id/406976 ‘It’s said that the stock market climbs a “wall of worry.” Because the stock market
is trying to predict the future success or failures of various companies, it
sometimes gets things wrong. Horribly, terribly wrong.
With the Dow Jones Industrial Average falling like a rock, with wild swings not
seen since the stock market crash of 2008, many investors are on the verge of
panic. It’s
easy to see why. The Federal Reserve is committed to keeping interest rates
near zero until mid-2013 at the earliest. Those low interest rates penalize
investors on a fixed income who don’t want the risk of the stock market.
Publisher’s Note: In an exclusive interview presentation,
Aftershock 2012, Robert Wiedemer outlines a dire financial warning along with a
comprehensive blueprint for economic survival. Over one million Americans have
seen the evidence and learned how to weather the stock market, secure interest rates, and save their
financial future. Watch the video now.
But
investors who understand the reasons behind the latest decline in the stock
market have little to fear. Below are five reasons why the stock market is
crashing right now:
1) Current Debt Crisis in Europe and the United States
Between record high bond rates in Greece, Spain, Portugal and Ireland, the
eurozone has its hands full in dealing with too much debt relative to the size
of its various economies. As a result of the poor bond performance from these
countries, Europe is on the cusp of plunging into a banking crisis. Such a
crisis could send interest rates soaring for “prime” countries like France and
Germany, not to mention throw the continent into a recession.
Across the Atlantic, the United States isn’t faring much better. The recent
debt ceiling drama concluded at the 11th hour, with very little in the way of
true cuts. Instead, the government has promised to cut future growth, which may
or may not even occur. No wonder S&P downgraded U.S. debt!
Ultimately, it isn’t risky assets like stocks that cause economic problems.
Markets sell off when seemingly safe assets are suddenly recognized as
significantly riskier than they were once perceived.
2) United States Government Is at an Impasse
As part of the recent debt ceiling deal, Congress approved the creation of a
bipartisan super-committee comprised of 12 members to fast-track legislation.
The constitutionality of such a committee is dubious at best, but it’s just one
way for Washington lawmakers to pass off responsibility and avoid tough
decisions.
It doesn’t end there. The Federal Reserve has tried two rounds of “quantitative
easing,” a scheme to buy up excess debt. The rationale was that it would get
the U.S. economy back on track. Instead, this plan juiced the returns of the
stock market, and sent gas prices and grocery costs soaring.
Meanwhile, Congressional Republicans are calling for the ouster of Treasury
Secretary Tim Geithner as a consequence of the U.S. losing its S&P AAA
credit rating.
In other words, it’s business as usual for the government: trying to fix a
crisis that’s largely the result of its own poor oversight, while avoiding any
responsibility for causing the problem in the first place.
3) U.S. Unemployment Is Running Over 15%!
As long as the U.S. economy isn’t creating enough new jobs, it will stagnate.
Although the unemployment rate has declined from the double-digit rates it hit
in 2009/2010, many astute individuals have noted that the latest unemployment
report is inaccurate.
Using the measurement for unemployment used by the government up until the
early 1980s, true unemployment is running over 15%!
Meanwhile, many thrown out of work have exhausted their unemployment benefits,
which in some cases lasted as long as 99 weeks. Once off unemployment, they
officially disappear from the official unemployed list, making the job market
appear better than expected.
Adding millions of jobs would be the best economic stimulus possible. It would
allow millions to loosen their belts and spend more, which would be a huge boon
across the entire economy.
Publisher’s Note: Author and esteemed economist Bob Wiedemer accurately
predicted these events more than four years ago. Over one million Americans
have seen the evidence and learned how to weather the stock market, secure interest
rates, and save their financial future. Watch the video now.
4) United States Has No Economic Growth
Historically, the Federal Reserve has cut interest rates to increase economic
growth. That’s because lower interest rates make it easier for individuals to
borrow money to buy cars, houses, start small businesses and the like. However,
there’s been nearly no growth since the United States plunged into a recession
in 2008. And the Federal Reserve can’t cut rates any lower.
There’s no doubt in the minds of many market participants that more Fed easing
policies are on the way, especially after America’s first-quarter GDP was
revised from 1.9% to 0.4%.
The stock market’s moves are highly dependent on economic growth. If an
individual company can post huge growth numbers, its shares tend to go up, and
its shares tend to decline when growth stalls. When a country’s GDP is
stagnant, investors don’t know what to expect. Hence the recent stock market
plunge, as economic data may suggest that another recession is upon us.
5) No Housing Recovery
The stock market crash of 2011 is starting to resemble the stock market crash
of 2008 in one key way: Bank stocks are leading the decline. Since the start of
August, banks deemed “too big to fail” like Citigroup and Bank of America have
sold off twice as hard as the overall stock market.
It’s easy to see why. Banks are sitting on millions of properties listed on
their balance sheets at pre-housing crash prices. If all these properties hit
the market at once, prices would have to fall substantially. If the banks have
to sell them at a loss, they’ll take a hit to their balance sheet at a time
when they’re still trying to improve it.
A housing recovery can spur job growth for construction jobs, real estate
agents, and businesses in new communities. But we currently have a housing glut
that will take several years to work through.
Until then, without a housing recovery, it’ll be tough for the overall economy
to recover. That means the stock market is in for a wild ride and low interest
rates are here to stay.
While these five reasons aren’t a comprehensive list of the problems weighing
down the stock market and keeping interest rates paltry, they should give most
investors a reason to stay cautious over the next few months.
Based on the market’s action and recent economic data, it’s more likely than
not we’re entering a double-dip recession. Stay heavy on safe investments and
don’t give into the fear.
Read more: Five Reasons for the Stock Market Crash and Zero Interest
Rate
Important: Can you afford to Retire? Shocking Poll Results …’
Stocks
Overbought Already?at The Wall Street Journal
Are
US Markets Facing the Abyss? [ Short answer: Worse! ] at
Minyanville Jeffrey Cooper
Aug 15, 2011 ‘
“As soon as the idea of the Deluge had subsided, a hare stopped in
the clover and swaying flowerbells, and said a prayer to the rainbow, through
the spider’s web.
Oh, the precious stones that began to hide, and the flowers that already looked
around.
In the dirty main street, stalls were set up and boats were hauled toward the
sea, high tiered as in old prints.
Blood flowed at Blue Beard’s -- though slaughterhouses, in circuses, where the
windows were blanched by God’s seal. Blood and milk flowed.
Beavers built. “Mazagrans” smoked in the little bars.
In the big glass house, still dripping, children in
mourning looked at the marvelous pictures.
A door banged; and in the village square the little boy waved his arms,
understood by weather vanes and cocks on steeples everywhere, in the bursting
shower.
Madame installed a piano in the Alps. Mass and first communions were celebrated
at the hundred thousand altars of the cathedral.
Caravans set out. And Hotel Splendid was built in the chaos of ice and the
polar night.
Ever after the moon heard jackals howling across the deserts of thyme, and
eclogues in wooden shoes growling in the orchard. Then in the violet and
budding forest, Eucharis told me it was spring.
Gush, pond -- foam, roll on the bridge and over the woods -- black palls and
organs, lightning and thunder, rise and roll -- waters and sorrows rise and
launch the Floods again.
For since they have been dissipated -- oh, the precious stones being buried and
the opened flowers -- it’s unbearable. And the Queen, the Witch who lights her
fire in the earthen pot will never tell us what she knows, and what we do not
know.”
--Apres Le Deluge, Arthur Rimbaud
"Yeah, keep your eyes on the road, your hands
upon the wheel...
Let it roll, baby, roll."
-Roadhouse Blues (The Doors)
“Somebody hit her with a chair, you know. I guess there’s no way to
determine who did it. It’s already coagulating. She was just an innocent
bystander. It’s a democracy.”
-Jim Morrison
“There are things known and there are things unknown, and in between are the
doors of perception.”
-Aldous Huxley
“That men do not learn very much from the lessons of history is the most
important of all the lessons that History has to teach.”
-Aldous Huxley
“Ye shall know the truth, and the truth shall make you mad.”
-Aldous Huxley
The market went mad last week. The truth of capitalism was in chaos,
democracy in disarray, and paralyzed politics hit home. The truth hurts.
“And the Queen, the Witch who lights her fire in the earthen pot will never
tell us what she knows, and what we do not know.”
Seemingly in unison, market participants' heads hit their pillows Friday night
with a thousand points of night running like shards of broken confidence
through their minds.
The consumer confidence number hit the lowest level in a generation as the
retail therapy of conspicuous consumption threatens to hit the wall.
Anesthetized with lies and sedated with stimulus, is the consumer shopped out
and about to send a wake-up call to Mr. Economy?
At the end of World War II, no power existed which could compete with the US
militarily or economically.
The US had saved the world from the scourge of dictatorship.
In return, the Bretton-Woods Agreement in the Summer of 1944 also gave us
the monetary power to print the world’s currency. We promised it would always
be convertible into gold at the rate of $35 per ounce. This proviso was between
the world’s central banks and ours. It remained true until August 15, 1971 when
President Nixon voided the agreement because French President de Gaulle was
about to make a run on our gold, which he knew wasn’t sufficient to back up all
of the currency then floating around in the world’s central banks. De Gaulle
was about to precipitate a kind of run on the bank.
Son of a gun.
Is this a harmonic of the rumors that Dominique Strauss-Kahn
-- former head of the IMF who was about to run for the French presidency
-- was set up in a hotel in New York because he was about to reveal
something about the gold that is or is not in Fort Knox?
Ever since the Bretton Woods Agreement was broken 40 years ago today, the
dollar has been wandering in a sort of financial Biblical desert,
characterized by the last decade of bubbles and busts.
The monthly S&P shows 3 persistent advances: a 5-year run into March 2000,
a 4-year run into July 2007, and a 2-year run in May 2011.
The March 2000 top saw a break and a return rally/test failure into late August
2000. The July 2007 top saw a break and a return rally that made a marginal new
high test failure in October 2007. Both of these tests failures of the high
came roughly 90 days/degrees later.
In 2011 an initial peak played out on February 18th. A test failure played out
with a marginal new high roughly 90 days/degrees later.
In “How Mid-September 2008 Ties To The July 2010 Low And Today”
from late June, I walked through the setup for a waterfall decline.
The March ’03 low was 788 which is where the big advance to 2007 began.
2 x 788 gives the price of the S&P all-time high in 2007.
From the March 6, 2009 low to the May 2, 2011 high is 787 days.
Time was ‘up’ this May, but the S&P didn’t roll over until the anniversary
of the July ’07 high.
From August 1971 to August 2011 is 480 months. On the Square of 9 Wheel, 480 is
square 90 degrees of August 24th.
August 24th is opposite this year's February 18th peak.
The end of the month also ties to the pre-crash high in 1987, the pre-crash
high in 1929, and the return rally high in 2000.
The end of August vibrates off major crashes in history.
In addition, early September ties to the 120-month anniversary of 9/11 and the
1000 point DJIA bungee following that crash.
Will an ABC retracement rally following our recent crash be able to satisfy my
projection early last week of a 1000 DJIA rally?
Will the end of the month/early September mark a retracement high or a new
low?{PAGE_BREA}Surprisingly, after violating the Bretton Woods agreement, the
world kept on functioning as though the US dollar was still as good as gold.
The only limit on our power to print money was the world’s willingness to
continue tolerating our enormous abuse of this power. In effect, it gave
us the power to soak up the savings of others around the world in order for us
to consume. It was a giddy time.
It was a giddy-up time for politicians intent on spending to buy votes and the
incestuous target they created for lobbyists.
Americans then had a free ride in financial matters to take the labor of others
and use them to their benefit. We no longer had to produce. We could just let
others do the producing and all that we needed to do was print more money and
pay them off.
That illusion is ebbing.
Technically, the market looks like it is creeping higher to finish off an ABC
upward correction from 1190 to 1225, which should see the market quickly
fall to lower lows. The mid-point of equilibrium between the 666 low and the 1371
high equates to 1018. A decline to 1018 could be a test of the 1011 low in July
2010.
1190 is the mid-point from the July 2010 low to the May 2011 high.
1225 ties to last year's double tops.
A full backtest of the big neckline ties to 1250ish.
This week the market will tie to the chance for an Upside Follow Through Day
-- a day with a substantial gain on substantial volume at least 4 days
after a low.
This week is also options expiration, so a possible C wave corrective rally
could theoretically see the market hold up into the end of the week.
However, without a big momentum day to hook the shorts, the market will drift
before another leg down targeting 1040ish to 940ish.
We have been looking for a blow out low near mid-August based primarily on the
cycle from 1951.
The closing lows for two sessions near 1121 aligns with mid-August on the
Square of 9 Wheel. Only above 1260 does the market suggest something else other
than a new bear leg is playing out.
We don’t want to short if a washout has occurred like in August 2007. As we
asked in a report last week, is this a blow-out low or a mid-point for a move
lower?
At the same time it’s tricky to go long here between 1190 and 1225: the
vast majority of technicals indicate a new bear leg. While many stocks are
improving they have not repaired the damage.
A lot of comparisons have been made between the current cascade in stocks and
2008. Memory is short on Wall Street, but not that short. It is possible that
money managers and robots alike sold first and will ask questions later so as
not to be mangled in a another train wreck.
But this is not like 2008 in the sense that the Crash in the Fall of 2008 was a
second leg down.
Modern markets haven’t seen a drop off a peak or pivot high from late July like
we just witnessed. It was worse that last year’s Flash Crash in May 2010. It is
worse than the initial sell-off in late 2008.
Even on Black Monday in 1987, stocks were decimated in virtually one day and it
was over. This one has been a Roller Coaster Crash.
While the market has echoed the Flying Elvis Pattern that installed a low from
mid-July 2010, it remains extremely risky as the sharpness and steepness of the
selloff leaves it/left it primed for a reflex rally.
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/15/ARCX_SPY_D%20--%20SPDR%20S&P%20500%20TRUST.gif
At the same time, as offered in a chart in this space in late July, the set up
for a waterfall crash like 1929 was in place and that pattern may not have
played out completely.
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/15/DJIA%201929%20Daily.gif%20final.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/15/ARCX_GLD_D%20--%20SPDR%20GOLD%20SHARES.gif ‘
Rickards –
US will revalue gold to $7000 Aug 15th, 2011 15:10
by News August 15
(King World News) — ‘ He (Nixon) said first of all I am imposing national price
controls because there was an inflation problem in the United States at the
time. The second thing he said was I am putting a 10% surtax of imports on all
imported goods coming into the United States. Then about 10 minutes into the
speech, very much en passant, he said, ‘Oh by the way we are suspending the
convertibility of dollars into gold’ and he immediately went into this Nixonian
rant about speculators. So it was very interesting, there were three
earth-shaking announcements. Can you imagine any one of those three things
going on today? President Obama or any President saying he was going to impose
nationwide price controls, or all Chinese goods would have a 10% surcharge. It
would be cataclysmic, yet Nixon did both of those things. Plus (Nixon) took us
off the gold standard, so it was quite a dramatic speech. In a strange way he
did us all a favor by making sure we (the US) held on to the gold. So I do
think the United States is in a position to revalue the currency using gold to
that $7,000 level. That will obviously be a huge benefit to all of the people
who invested in gold because they are going to be along for the ride, along
with the United States when that gold goes to $7,000.” Excerpted from an
interview that is available here.
‘
Fed
Pledge Let's You Know The Fix Is In Forbes Peter Schiff ‘ Last week’s wild actions on
Wall Street should serve as a stark reminder that few investors have any clue
as to what is really going on beneath the surface of America’s troubled
economy. It did bring startling clarity on at least one front. In its August
policy statement the Federal Reserve took the highly unusual step of putting a
specific time frame for the continuation of its near zero interest rate policy.
Moving past
the previously uncertain pronouncements that they would “keep interest rates
low for an extended period,” the Fed now tells us that rates will not budge
from rock bottom for at least two years. Although the markets rallied on the
news (at least for a few minutes) in reality the policy will inflict untold harm
on the U.S. economy. The move was so dangerous and misguided that three
members of the Fed’s Open Market Committee actually voted against it. This
level of dissent within the Fed hasn’t been seen for years.
Many
economists have short-sightedly concluded that ultra low interest rates are a
sure fire way to spur economic growth. The easier and cheaper it is to borrow,
they argue, the more likely business and consumers are to spend. And because
spending spurs growth, in their calculation, low rates are always good. But, as
is typical, they have it backwards.
I believe that
ultra-low interest rates are among the biggest impediments currently preventing
genuine economic growth in the US economy. By committing to keep them near zero
for the next two years, the Fed has actually lengthened the time Americans will
now have to wait before a real recovery begins. Low rates are the root cause of
the misallocation of resources that define the modern American economy. As a
direct result, Americans borrow, consume, and speculate too much, while we
save, produce, and invest too little.
It may come as
a shock to some, but just like everything else in a free market, interest rate
levels are best determined by the freely interacting forces of supply and
demand. In the case of interest rates, the determinative factors should be the
supply of savings available to lend and the demand for money by people and
business who want to borrow. Many of the beneficial elements of market
determined rates are explained in my book How an
Economy Grows and Why it Crashes. But allowing the government
to determine interest rates as a matter of policy creates a number of
distortions.
It was bad
enough that the Fed held rates far too low, but at least a fig leaf of
uncertainty kept the most brazen speculators in partial paralysis. But by
specifically telegraphing policy, the Fed has now given cover to the most
parasitic elements of the financial sector to undertake transactions that offer
no economic benefit to the nation. Specifically, it will simply encourage banks
to borrow money at zero percent from the Fed, and then use significant leverage
to buy low yielding treasuries at 2 to 4 percent. The result is a banker’s
dream: guaranteed low risk profit. In other words it will encourage banks to
lend to the government, which already borrows too much, and not lend to private
borrowers, whose activity could actually benefit the economy.
This reckless
policy, designed to facilitate government spending and appease Wall Street
financiers, will continue to starve Main Street of the capital it needs to make
real productivity-enhancing investments. American investment capital will
continue to flow abroad, denying local business the means to expand and hire.
It also destroys interest rates paid to holders of bank savings deposits which
traditionally had been a financial pillar of retirees. In addition, such an
inflationary policy drives real wages lower, robbing Americans of their
purchasing power. The consequence is a dollar in free-fall, dragging down with
it the standard of living of average Americans.
Until interest
rates are allowed to rise to appropriate levels, more resources will be
misallocated, additional jobs will be lost, government spending and deficits
will continue to grow, the dollar will keep falling, consumer prices will keep
rising, and the government will keep blaming our problems on external factors
beyond its control. As the old adage goes, “insanity is doing the same thing
over and over again and expecting different results.” ‘
Peter Schiff
is CEO of Euro Pacific Capital.
Related Posts:
Train
Reading: The Stock Market Is Insane The Wall Street Journal
‘The stock
market has lost its mind — Bethany McLean in Slate
Are US banks
turning Japanese? — FT Alphaville
How’s that
austerity working out for you, UK? — Econbrowser
Can Jeremy
Grantham profit from ecological mayhem? — NY Times Magazine
Authors and
critics reveal which lit classics they consider overrated — Slate
It’s not so
easy applying Moneyball principles to soccer — WSJ ‘
THE STOCK MARKET HAS LOST ITS MIND — Bethany McLean
in Slate Risk
On! Do the Fed, computer trading, and a few hedge funds rule the market? That
might explain why it's lost its mind. After the madness of last week and the
rollercoaster at the beginning of this week, the stock market recovered from
its Aug. 10 rout to bounce 423 points on Aug. 11. It was the fourth day in a
row in which the index moved by more than 400 points, which has never happened
before in history. As I write this, stock prices are leveling off, but the big
swings may not be over. Has the market gone mad? Actually, yes.
In theory, the
stock market is supposed to reflect the prospects for the economy—the earnings
potential of the stocks that make up the Dow Jones Industrial Average. But
there's more than one reason to believe that what's going on now has little to
do with any rational view of the future, and a lot to do with the market
itself. "Dip your toes into any risk asset right now and understand that
you are not entering into anything remotely resembling a normal market
environment," wrote David Rosenberg, the well-respected former Merrill
Lynch analyst who is now the chief economist at Canadian firm Gluskin Sheff, in
his recent newsletter. "Dysfunctional is more like it."
The first
factor to consider is that the huge rebound in stocks and in all sorts of risk
assets from the spring of 2009 until May of this year wasn't necessarily driven
by a belief that better times were coming. It was driven by a belief that investors
had to buy riskier assets given the Fed's determination to hold interest rates
near zero. Because investors can't get a return in "safe"
assets—indeed, a small return will get chewed up by inflation—they are driven
to riskier assets. As more investors pile in, everyone is driven further out
along the risk curve.
This is what
traders call "risk on." What they mean is that you'll be rewarded for
buying risk, regardless of reality. The Fed's second round of quantitative
easing ("QE2"), in which it bought $600 billion of Treasuries in
order to keep interest rates low, encouraged this investment strategy. "We
had a nice two-year rally in risk assets and something close to an economic
recovery, but as we had warned, it was built on sticks and straw, not bricks,"
wrote Rosenberg. "This isn't much different than the financial engineering
in the 2002-07 cycle that gave off the appearance of prosperity."
The Fed intended this to end happily. The
fake wealth created by a soaring market was supposed to turn into real wealth,
because rich people, who control much of the economy and who have much of their
money in the market, were supposed to spend more. But it hasn't worked, partly
because of problems in the rest of the world—the tsunami in Japan, the
financial crisis that's brewing in Europe—and partly because our own economy is
too deep in hock to achieve the necessary stimulus. As Howard Marks, the
chairman of Oaktree Capital Management, put it in his recent letter,
"The world has awakened to the undesirability of ever-growing government
debt."
You can think
of the Fed's medicine as a painkiller. It allows everyone to pretend that bad
stuff isn't happening, until something shatters the illusion and the
comfortable numbness abruptly gives way to panic. There's massive selling. Then
the Fed reassures everyone that its toolbox isn't empty just yet—witness the
big upturn on Aug. 9 after the Fed said it would likely hold rates near zero until mid-2013 (a
worthless prediction if inflation surges)—and the market soars. Risk on!
It's hard to
develop any real conviction about the direction of the market when so much
depends on the actions of the Federal Reserve. That's especially true because
even the members of the Federal Reserve Open Market Committee aren't all in
agreement. Three members voted against the Fed's Aug. 9 announcement.
Complicating matters is that the short term direction of the real economy is
also at the mercy of the government. The key line in this Wall Street Journal story:
"As goes government spending, so goes the U.S. economy."
Another
possible factor in the madness is forced selling by big hedge funds. There are rumors that funds are getting hit by margin calls, or that
funds that are having a bad year are getting redemption requests from
investors, thereby forcing them to sell. Most of the gossip has focused on John
Paulson (the hedge fund manager who famously made his fortune by shorting
securities backed by subprime mortgages), given the big positions he was known
to have in stocks that have gotten trashed. But if Paulson is hurting, he's
probably not alone. "No way big guys could have gotten out," one
trader tells me via email. "Big hedge funds with all the same big
positions. This move down happened so fast that they are trapped." If this
theory is right, then sudden rallies like Thursday's upturn will be followed by
more selling, as hedge funds take advantage of the ability to get out.
The last
explanation I've heard is that most of the buying and selling hasn't been
driven by real people, but rather by computers. Hello, HAL 9000!
In the last five years, computer-driven trading, whether controversial
high-frequency trading or just programs that buy baskets of stocks based on
technical figures, has become a bigger and bigger part of the market. Depending
on how you define it, sources tell me it constitutes 70 percent to 90 percent
of trading now. "The human element is gone," one trader tells me. At
least some people believe that the presence of computers exacerbates the big
moves up and down. According to this
paper by X. Frank Zhang, an associate professor of accounting at the Yale
School of Management, "high frequency trading is positively correlated
with stock price volatility." Zhang goes on to say that the "positive
correlation is stronger among the top 3,000 stocks in market capitalization and
among stocks with high institutional holdings. The positive correlation is also
stronger during periods of high market uncertainty." Zhang's academic work
is supported by the observations of those who have been in the market for a
long time. "I suspect that the real culprits here are the computers Wall
Street has programmed and unleashed to trade and manage portfolios," wrote
John Bollinger, who has been publishing his Capital Growth
Letter for more than two
decades. "The sort of mindless selling that we are seeing is most likely
the result of machines trading and human beings desperately trying to keep up
with them."
Should you
buy? Should you sell? No one knows. The world is always an uncertain place, but
right now it's more uncertain than usual, whether about the ultimate resolution
of Europe's crisis or about how the U.S. will reduce its debt and get the
economy growing again. Or perhaps I should say reduce its debt or get the economy growing, since it's unlikely to achieve
both at the same time. This inability to guess what the future holds means that
madness rules.’
Withdrawals
From Stock Funds Biggest Since ’08
Aug 12th, 2011 15:32 by News (Bloomberg) — Investors
pulled the most money from global stock funds since 2008 in the past week as
the Standard & Poor’s downgrade of Treasuries and the deepening European
debt crisis prompted a flight into cash and gold. Funds that
buy global equities suffered $3.5 billion in net withdrawals in the week ended
Aug. 10, the most since the second week of October 2008, according to Cameron
Brandt, director of research at Cambridge, Massachusetts-based EPFR Global.
Investors removed $11.7 billion from funds that invest in U.S. equities, the
most since May 2010 when investors pulled money following a one-day market
crash that briefly erased $862 billion.“This week had a feeling of capitulation
as we saw investors running for cover,” Brandt said in a telephone interview.
“The last time we saw this kind of flight to safety” was in 2008, he said.’
U.S.
Consumer Confidence Drops to Three-Decade Low Amid Economic Headwinds Aug
12th, 2011 13:10 by News (Bloomberg) — ‘Confidence among U.S.
consumers plunged in August to the lowest level since May 1980,
adding to concern that weak employment gains and volatility in the stock market
will prompt households to retrench.The Thomson Reuters/University of Michigan
preliminary index of consumer sentiment slumped to 54.9 from 63.7 the prior
month. The gauge was projected to decline to 62, according to the median
forecast in a Bloomberg News survey.’
Pity the Policymakers July 21st, 2011 by News by Mohamed A. El-Erian (Project Syndicate) —
‘I don’t know about you, but whenever I am in an airplane experiencing turbulence,
I draw comfort from the belief that the pilots sitting behind the cockpit’s
closed door know what to do. I would feel very differently if, through an open
door, I observed pilots who were frustrated at the poor responsiveness of the
plane’s controls, arguing about their next step, and getting no help whatsoever
from the operator’s manuals. So it is unsettling that policymakers in many
Western economies today resemble the second group of pilots. This perception
reflects not only the contradictory pronouncements and behavior of
policymakers, but also the extent to which economic outcomes have consistently
fallen short of their expectations.This perception is evident in Europe, the
United States, and Japan, where indicators of economic sentiment are deteriorating
again, already-weak recoveries are stalling, and over-stretched balance sheets
are becoming even more precarious.’
Greek finance minister brushes off downgrade [ Sounds like a
plan! ]
Is
America The Next Greece? at Forbes Marc Schindler ‘After
many years of overeating (overspending) Greece is in the emergency room with a
major financial heart attack and America isn’t far behind.
The doctors
(IMF, European finance ministers, the ECB, etc.) are running around trying to
save it. Open heart surgery (loans guaranteed by others) has averted the
immediate crisis, but Greece is just as overweight today as it was before the
crisis. Attempts to lose weight through exercise (austerity measures) cause
serious chest pains (riots). The doctors don’t want to admit it, but all signs
point to a heart transplant (default) as the only way to get Greece onto its
feet again.
Greece isn’t
the only one. It is a veritable epidemic. Ireland, Italy, Portugal, Spain and a
host of other countries are having chest pains. Iceland is feeling better now
with its freshly transplanted heart. The American home owner is still in the
hospital from his financial heart attack after gobbling up vast quantities of
real estate, and it has been many decades since Uncle Sam last could see his
toes.
By most
accounts (e.g. here
or Bill
Gross‘ statements in a recent interview) total hidden government
liabilities add up to about $60-$100 trillion. That is on top of the $14
trillion of debt carried on the balance sheet. Adding up those liabilities, the
US owes at least five times GDP, which currently sits at about $15 trillion.
For comparison, Greece’s debt is about 1.5 times its GDP.
This is not
really a fair comparison, because it leaves out any hidden liabilities Greece
may have. The US debt figure includes unfunded entitlements, state and local
debt, and underfunded public pensions. Nevertheless, it is clear that this is
an unsustainable debt load even if the estimates turn out to be off by a factor
of two or four.
Uncle Sam is
already more overweight than Greece ever was. If he doesn’t change his ways, he
will end up in the hospital like Greece, but at present he is partying like
there is no tomorrow, gorging himself on entitlement spending, costly wars,
bailouts, subsidies, and countless other delicacies.
Perhaps it
would not be such a bad thing if the talks about raising the debt limit failed.
After Uncle Sam suffers the resulting self-inflicted mild heart attack
(temporary default) and finds out how much fun it is to fetch up in the
emergency room, he might be more inclined to take care of himself, slim down,
and stick with an exercise regime.
Some kind of a
wakeup call is necessary while there is still time to deal with our debt
problem. The only way to address it is for Washington to do its job: get
everybody to recognize that there is a problem, find a solution that demands
some sacrifices from everyone, and work together across party lines to
implement it. In the current political environment that does not seem to be
possible. Something needs to change the environment. Greece shows that the
alternative is not pretty.’
Corporate
Earnings Soar Amidst a Dismal Job MarketWall St. Cheat Sheet [That
game’s about to end! In fact, that game’s over! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- ]
Standing on the precipice – and ready to jump July 21st, 2011 News
By Wolfgang Münchau ( Financial Times) — ‘It looks like there will be deal on a
eurozone package for Greece. The full details are still missing, but it appears
that the eurozone is forcing Greece into a selective default. As part of such a
package, short-term Greek debt will be more or less forcibly converted into
long-term debt. The wretched bank tax is mercifully off the table. And the
European financial stability facility will most likely be allowed to purchase
Greek debt at a discount. LET US NOT MINCE WORDS HERE. THIS WOULD BE
A DEFAULT, THE FIRST BY A WESTERN INDUSTRIALISED COUNTRY IN A GENERATION.
I
am not quite sure how it is possible for the European Central Bank to agree to
this, or to all of this. But I will surely be intrigued to hear how Jean-Claude
Trichet will manage to be consistent with what he said a few days ago. There
are also reports that the eurozone leaders may accept a more flexible EFSF
beyond those bond purchases.’
State
Finances Are Worse Than You Think at Forbes
So
Far, Market Ignoring Dire Warnings at Minyanville
The
Greater Depression Is Upon Us by David Galland http://www.lewrockwell.com/orig10/galland34.1.html Casey
Research Recently by David Galland: The Road to Perdition ‘The phrase
“Greater Depression” was coined by Doug Casey a decade or so back as a way of
describing the economic crisis he foresaw as inevitable, and which is now
materializing.
Because I think it is important for
every organization to constantly challenge its own assumptions, I’ve long acted
as something of a devil’s advocate here at Casey Research. By constantly
pushing our analysts to revisit their assumptions and calculations, it is my
firm intention for us to spot the fork in the road that indicates it is time to
shift strategies away from investments designed to do well in the face of a
currency debasement and to something else.
Being attentive to that fork in the
road is hugely important, because even though we urge our subscribers not to
overdo their exposure to inflation hedges, we recognize that many do. Many a
good person had their clocks cleaned in the early 1980s solely because they had
become overly enamored of their precious metals – so much so that they stopped
thinking of them as an asset class and began thinking of them more in the terms
one might associate with an amorous dinner date. Thus these investors were
utterly unprepared when said date stood up and broke a dinner plate over their
heads.
With that brief setup, I want to make
our views clear: While we correctly anticipated the recent correction in
precious metals, this correction is but a blip in a secular bull market that is
very much intact.
Doug Casey has often said that the
unfolding crisis is going to be even worse than he expects (which is saying
something), and the longer the rest of us at Casey Research study the tea
leaves, it is hard to disagree that the Greater Depression is still ahead.
Consider:
- THE EUROZONE IS GROWING INCREASINGLY DESPERATE. Watching the heads of Europe dither and debate
over further bailouts to the unhappy Greeks and other troubled PIIGS –
before ultimately reaching back into the pockets of the equally unhappy
citizens in Germany and the decreasing number of still-functioning
economies in the eurozone – reminds me of a down-on-his-luck blackjack
player. He’s mortgaged his home to play the game but is now down to his
last chips. He doesn’t want to risk his remaining resources but has no
choice, because to walk away now will mean taking up residence in a
cardboard box. And so, reluctantly, he shoves across another pile. The
problem is that the game is rigged – and not in his favor. As the PIIGS
start to default and either leave the eurozone entirely or are shunted off
into some sort of sidecar organization, there will be great volatility in
the euro and in the European markets.
- THE U.S. DEBT SITUATION IS FAR WORSE THAN ANYONE
IN WASHINGTON IS WILLING TO ADMIT. We keep hearing calls for more, not less debt
creation. But if people would stop kidding themselves and tally up all the
many demands the U.S. government has against it, the actual debt-to-GDP
ratio rises to something on the order of 400% – and even that is likely
understating things. The fundamental flaws in the U.S. monetary system –
flaws that have given license to the bureaucrats to smash the limousine of
state straight into a wall – have required a remaking every 20 to 30 years
or so. The problem is that there is pretty much nothing else that can be
done to save the status quo at this point, and so the monetary system is
likely to collapse. That means big changes ahead, including – or perhaps
starting with – a poisonous ratcheting up of interest rates.
- CHINA’S MIRACLE MIRAGE. While having aspects of a free market, the hard
truth is that China is run as a command economy by a cadre of communist
holdovers. This is apparent in the cities that have been built for no
purpose other than creating jobs and boosting GDP. It is also apparent in
the growing inflation in China – the inevitable knock-on of the
government’s decision to yank on the levers of money creation harder than
any other nation at the onset of the Greater Depression. Meanwhile, signs
of social unrest crop up here and there. Though so far they have been
swiftly put down, there is no question that the ruling elite has to walk a
very fine line. If the Chinese economy stumbles seriously, all bets are
off. That we are talking about the world’s second-largest economy means
this is not of small consequence.
- JAPAN IS ESSENTIALLY OFFLINE. Reports from friends in Japan – including one
who was initially skeptical about the scale of the problems at Fukushima –
have now changed in tone by 180 degrees. You can almost feel the growing
sense of desperation as the already massively indebted nation begins to
slide toward an abyss. There is little standing in the way of the world’s
third-largest economy’s slide.
- THE MIDDLE EAST IS IN FLAMES. This, too, is far from settled. As usual, the
U.S. government has been hopping here and there in an attempt to maintain
its influence, but at this point pretty much everything is up for grabs.
The odds of the U.S. retaining the same level of influence in the region
that it has enjoyed over the last century are slim to none, especially now
that even the Saudis are shipping more of their oil to China than to the
U.S. Again, big changes are ahead…’
Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Back on December 12, 2007 I wrote a market
commentary that started as follows:
The equity markets have been very volatile this year, but also
range bound. A picture speaks a thousand words so all one needs to do is
view the chart below of the S&P 500 Index to understand just how volatile
and range bound things have been. Specifically, since February 20, 2007,
only nine and one half months or so ago, the S&P 500 Index has been down 5.86%, up 13.02%, down 9.43%, up
11.26%, down 10.09%,
and now up 7.73% – through 12/10/07 – so far in
this
latest up leg! All this in ONLY nine and one half
months!
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-1.jpg
History is
repeating itself so far in 2011, which has been fraught with ups and downs in
both international and domestic equity markets. This is due to many
things, including the considerable economic doubts and various countries debt
situations. This uncertainty has translated into market performance with direct
impacts on portfolio returns and more prominently in portfolio volatility. This
volatility is best seen in the chart below of the S&P 500 Index beginning
1/1/11.
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-2.jpg
2010 ended
positivity and the momentum carried into the first two months of 2011 however
the end of February began a series of events that led market returns on a
whipsaw ride of ups and downs, resulting in the current universal mid-year
views of market uncertainty.
What news was
associated with this volatility? All the usual; crude oil prices, natural
disasters, corporate earnings, politics, economic forecast revisions for both
developed and emerging markets, the European debt situation, the United States
debt situation and more to name just a few.
One thing is
for certain; the current volatile, range bound market activity is difficult at
best to profit from. In this investing environment patience is the most
important attribute. I will be patient and will be careful until the
trends are preferable.
Our strategy
at Hanlon Investment Management is to attempt to minimize downside risk by
exiting risk asset classes, such as equities, during periods of uncertainty,
getting invested in more conservative asset classes, such as money markets and
short-term bonds, and re-entering into risky asset classes when we identify
them as attractive, when the trend is our friend and positive!
Having
identified this volatility, in June we made defensive, tactical investment
decisions that provide less exposure to these volatile, range bound markets and
prepare us to re-enter the markets when they possess improved risk
characteristics.’
Deficit Ceiling
and Stocks - Expect the Unexpected ETFguide Simon Maierhofer, July 19, 2011, ‘A number of cliches come to mind when
talking about the U.S. debt situation. The most appropriate might be: 'You
can't have your cake and eat it too.' The least applicable is probably: 'Never
put off until tomorrow what you can do today.'
But if you
think the U.S. will default on some of its obligations anytime soon, you don't
have enough faith in the government's most potent weapon - extend and pretend
(another cliche that's become the modus operandi).
Since 1960,
Congress has acted 78 separate times to permanently raise, temporarily extend,
or revise the definition of the debt limit. Chances are Congress will act again
before the August 2 deadline. That however isn't good news.
By the end of
this article you will know the common sense, no nonsense, deficit ramifications
for the stock market and why even 'a deal' isn't good news.
USA Inc.
- Income Statement
If the United
States was a corporation - USA Inc. - here's what the Income Statement would
look like:
Total federal
spending in 2010 amounted to $3.456 trillion. Total receipts added up to $2.162
trillion. USA Inc.'s 2010 deficit was $1.294 trillion.
The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. But
there's no reason to despair, just before April 15,Congressional leaders were
able to agree on $39 billion worth of budgetcuts for the remainder of the year.
Senate
Majority Leader Harry Reid hailed this heroic effort as a 'historic' level of
cuts. To quantify just how 'historic' that effort was we'll put it in
percentage terms -1%. The cut amounted to only 1% of the 2011 budget. Apparently
it wasn't enough. Thanks to extend and pretend we've arrived at the next
deadline.
Stocks
Applaud ... and Decline
Keep in mind
that back in mid-April when the 'historic' $39 billion cut was hammered out,
the S&P was at about 1,300. Following the 'resolution' of the budget
problem stocks rallied about 5%.
The April 3
ETF Profit Strategy Newsletter featured the chart below (due to size
restrictions the chart had to be reduced). As per the chart and accompanying
analysis, the Newsletter expected a rally to the next Fibonacci resistance at
1,369, followed by a bounce off the Fibonacci support at either 1,229 or 1,255
and an attempt to take out the previous high.
http://www.etfguide.com//contributor/UserFiles/8/Image/5%20-%20April%203%20TF.jpg
This outlook
was based purely on technical analysis with no regard for the deficit problem
or European debt woes (we'll take a look at an updated technical forecast in a moment).
The S&P did top at 1,370 on May 2. Thereafter it dropped to 1,259, and
tried to take out the previous high (the S&P rallied as high as 1,356 on
July 7and stumbled thereafter).
USA Inc.
- Balance Sheet
If you think
the Income Statement looks bad, you may not want to look at the Balance Sheet.
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion.
The
Deficit and Stocks
When President
Obama took office in January 2009, the federal debt was 70% of GDP or $10
trillion. Today the deficit is close to 100% of GDP at $14.3 trillion. As
per a recent AP report, President Obama had to scroll down his demands and
would now be content with a $2.4 trillion debt ceiling increase to make it last
beyond the 2012 elections.
No doubt, the
President would like the deficit issue put on hold until he's re-elected. It
seems like everyone has an agenda that takes priority over solving the actual
debt issue. The whole game could be summed up as White House budget director
Jack Lew put it: 'That all these ideas do is say let's kick the can down the
road so that others will deal with it.'
This, by the
way, is why the pre-election year of the Presidential election year cycles has
seen gains consistently since 1939, because the incumbent party will do what it
takes to remain in office longer.
A
lose-lose Situation
The drawback
of the deficit situation is that there is no easy way out. The government has
to either cut spending (as in fewer benefits for Americans) or increase revenue
(as in higher taxes).
Pick your
poison. Either choice will kill the economy. Of course, you can extend and
pretend, which is probably what will end up happening. No matter how much lip
stick you have at your disposal, a pig remains a pig. The deficit is a big
(red) pig.
What is worse,
a $14.3 trillion deficit today, or a $16+ trillion deficit (according to
Obama's wish) in 2012? Debt is like gangrene, dry rot or mold, it doesn't just
go away, it gets worse (ask Greece, Ireland, Portugal or any of the other
PIIGS).
Eliminate
Variables
Using European
(NYSEArca: VGK - News) debt troubles as a
benchmark, there hasn't been a direct correlation between U.S. stocks and
European debt. To generalize this even further, there hasn't been a real
correlation between the U.S. deficit issue and U.S. stocks.
It was in June
2009 that Greece admitted to having a 'small' problem. Stocks rallied
throughout the remainder of 2009, most of 2010 and some in 2011. The same is
true for the MSCI EAFE ETF (NYSEArca: EFA - News) and Emerging Market ETF
(NYSEArca: EEM - News).
Admittedly,
the U.S. is a much bigger problem than the PIGGS, but the principal remains the
same - basing investment decisions on the outcome of debt negotiations is
tricky because the market has a mind of its own.
Since early
2010, every single time the major indexes a la S&P (SNP: ^GSPC), Dow (DJI:
^DJI), and Nasdaq (Nasdaq: ^IXIC) sold off more than a few percent, it's been
blamed on Greece. What many don't consider is that the market was helplessly
overbought in January, and April 2010 and 2011 and due for a correction anyway.
It seems like Greece has been a scapegoat more often than the actual cause.
Perhaps it's a game of chicken and the egg. Which came first?
No
Chicken-Egg Game
It has been
more beneficial and profitable to rely on solid technical analysis rather than
playing the chicken and egg game.
Technical
analysis along with sentiment readings pegged a market bottom of the same
degree at S&P 1,259 - 1,245. That was the opinion of the ETF Profit
Strategy Newsletter on June 15 (one day before the 1,258 bottom):
'The 200-day
SMA at 1,257 is sandwiched between the 1,255 Fibonacci projection level dating
back to 2002 and this week's s1 at 1,259. Wednesday's low was at 1,261.9. If
this low is not enough, there is a strong cluster of support at 1,259 - 1,245.
A drop into the 1,259 - 1,245 range would prompt us to close out short
positions and leg into long positions' (long positions were closed out at
S&P 1,345 on July 7).
There was no
fundamental good news on June 15 or 16. Some of the headlines featured on June
15 were:
'Is the bull
market over? A look at four different sentiment measures suggests that more
pain may await investors.' - Barrons
'Greek default
could trigger chain reaction' - AP
'Confidence is
eroding among U.S. factories, consumers' – Bloomberg …’
Fed Keeping Market Afloat: QE Rally Not Sustainable http://regator.com/p/252365030/fed_keeping_market_afloat_qe_rally_not_sustainable
By Matthew Claassen
Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that
occurred the following year. I now see a similar confluence of events
that warns of phase II of the global crisis.
Once again I
see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on the
exact month, or within one month, of the official start as determined one year
later by the official arbiter of recession, the National Bureau of Economic
Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious
“adjustment” as well.
On July 18, Goldman
Sachs (GS)
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts. The next step will be for them to substantially
reduce earnings forecasts for the S&P 500.
Will the phase
II be as bad as the 2008 crisis? The last crisis was confined to the private
sector, i.e. financial institutions. The next one will be involve the
threatened default of entire countries. The last time, the central banks bailed
out the financial firms and even Warren Buffett bailed out several firms. Who
is big enough to bail out entire countries? Or will the term of “too big to
fail” turn to “too big to bail?”
Bert Dohmen is editor of the Wellington
Letter and author of Financial Apocalypse.’
Retail
Sales: The "Real" Consumer Remains in a Recession Doug Short Read more: http://www.businessinsider.com/author/doug-short#ixzz1TAkuAIOK
3
Top Crooks Still Roaming Free After the Economic Crash Wall St. Cheat
Sheet July 25, 2011, The global economy
and stock markets took a nose dive in 2008. But that hasn’t stopped some of the
biggest masterminds from escaping a day of luxury.
Here are three
financial crooks who are probably sipping daiquiris in Capri at our
expense:
Lehman
Brothers CEO Richard S. Fuld, Jr.
Few executives
were as intimately and extensively involved in the downfall of their firms as Dick
Fuld . At the time of the financial collapse, Fuld had worked for Lehman
Brothers for nearly 40 years, and had been the firm’s chief executive since
1994. In that role, not only was he the longest-tenured CEO on Wall Street at
the time of the financial crisis, but he was considered one of the best. He was
named Institutional Investor magazine’s top chief executive in the private sector
in 2006. The following year, he was paid more than $21 million in cash and
stock on top of his base salary of $750,000 a year after the bank’s net profit rose 5% to a record $4.2 billion. And as
recently as March 2008, Barron’s listed him on their list of the 30 best CEOs,
referring to him as “Mr. Wall Street”.
When the
financial crisis hit, Fuld was one of the few executives to hold onto his
position. He counted himself responsible for the company, but didn’t realize
just how much real estate loans and other toxic assets were weighing on his
balance sheet. Instead, he remained confident in the firm that he helped grow
from a negative profit in 1993. His hubris can somewhat be understood, given
the firm hadn’t reported a single quarterly loss since it went public. But Fuld
was wrong. He overestimated the value of his firm, rejecting offers that could
have saved it from collapse because they didn’t adequately reflect what he felt
the firm was worth.
We know that
sub-prime mortgages were almost solely responsible for the financial crisis,
and a large part of the Wall Street’s fourth-largest investment bank’s worth
was held in its mortgage business, where mortgages were re-packaged and sold to
other investors, often for more than they were really worth. In fact, Lehman
was the top U.S. underwriter of mortgage bonds in 2006 and 2007, accounting for
roughly 10% of the market. As CEO, Fuld was responsible for buying those
assets, which ultimately became toxic and impossible to unload. But whether or
not Fuld can be held wholly responsible for the firm’s loan practices, he can
be held responsible for the firm’s bankruptcy. As late as August 2008, after
many CEOs had already been forced to resign, he rejected an offer by state-run
Korea Development Bank to buy a 25% stake in Lehman for $4 billion to $6
billion.
There’s no
question that the firm Fuld helped build, that he’d been a part of since 1969,
where he held the top position for 14 years, was criminally responsible for the
financial crisis. In fact, it may be the most culpable, given the sheer volume of sub-prime
mortgages underwritten by Lehman in the years leading up to the market
collapse. On September 15, Lehman became the largest firm to file for bankruptcy in history, dealing a devastating blow to an
already fragile financial system. A few weeks later, Fuld was summoned to appear before Congress as part of an inquisition. He was
also investigated by three United States Attorneys offices in New York and New
Jersey. But ultimately Fuld walked away from Lehman Brothers having pocketed
nearly $500 million just in his last six years with the firm, years during
which Lehman’s sub-prime mortgage practice was contributing to what would
ultimately cost taxpayers $700 billion in a government-issued bank bailout
program. Fuld was never charged with or convicted of any crimes.
AIG
Financial Products CEO Joseph J. Cassano
As a founding
member and head of AIG Financial Products, Joe
Cassano was responsible for selling hundreds of billions of dollars worth
of credit protection in the form of credit-default swaps (CDS) on U.S.
sub-prime mortgages, a form of insurance that didn’t require that AIG put down
any form of collateral. So when the financial crisis hit in 2008 and investment
banks requested the insurance money for their collapsing derivatives, AIG was
unable to pay what was owed and ultimately had to be bailed out by the
government, receiving about $170 billion in taxpayer money.
Cassano
resigned from his position at AIG FP in March 2008, having pocketed $280
million in cash and an additional $34 in bonuses. He even managed a $1
million-a-month retirement package that kept him on at AIG as a “consultant”.
Cassano even went on record denying any fault on the part of AIG, saying,
“We believed
until late 2005 that banks and other mortgage originators were applying
appropriate standards when writing mortgages. When we recognized — well before
many others — that changes in the mortgage market likely presented increased
risk for future deals, we decided to exit the subprime business. We thought the
decision was appropriate, despite the lost profits at the time. With hindsight,
the decision looks even more prudent.”
Cassano went
so far as to blame the bailout for losses on CDS contracts, saying there would
have been few, if any, had they not been unwound by the bailout. Testifying
before the Financial Crisis Inquiry Commission, Cassano fully defended his
firm’s CDS practices, outlining the careful approval and monitoring system
that, “specifically identified risk factors and provided an analysis of those
risks.” Cassano insisted that AIG had not miscalculated the risks of sub-prime
mortgages.
However,
Cassano was directly responsible for AIG’s credit-default swaps program that
put the firm’s many clients, including Goldman Sachs, in danger when it was unable to
pay out on insurance claims. He essentially sold billions of dollars worth of
vapor — he failed to provide what had been paid for by the firm’s clients. That
sounds remarkably like fraud, the grounds upon which many investors have filed
suit against Cassano. In fact, regulators in both the U.S. and the U.K.
investigated Cassano’s acts to determine whether they had been criminal. But
like just about every executive responsible for the financial crisis, Cassano
was not ultimately charged with any wrongdoing, and remains a free man.
Countrywide
Financial Chairman and CEO Angelo Mozilo
Ranked second
by Condé Nast Portfolio on their list of the “Worst American CEOs of All Time”, Angelo
Mozilo was charged in 2009 of insider trading and securities fraud by the
U.S. Securities and Exchange Commission. Mozilo personally sold hundreds of
millions of dollars in stock while using shareholder funds to buy back stock to
support the share price. He is also responsible for what has been termed the “Friends of Angelo” VIP program under which several
influential lawmakers, including Senate Banking Committee Chairman Christopher
Dodd, as well as many Fannie Mae employees and other “Friends of Angelo”,
received discounted mortgages.
However,
Mozilo was allowed to settle with the SEC on all charges. He agreed to pay $67.5 million in fines, the most ever exacted from an
individual in connection with the 2008 financial crisis, and he was banned from
ever serving as an officer or director of any other public company. Robert Khuzami, director of the SEC’s Division of Enforcement,
said that “Mozilo’s record penalty is the fitting outcome for a corporate
executive who deliberately disregarded his duties to investors by concealing
what he saw from inside the executive suite.” But in settling, Mozilo was able
to avoid a trial and any subsequent criminal charges, and was not required to
acknowledge any wrongdoing.
Mozilo’s net
worth has been estimated at roughly $600 million. And because of the
indemnification agreement in his contract with Countrywide, the firm was
responsible for paying roughly one-third of his fines, leaving Mozilo with a
bill of $47.5 million — that’s less than 10% of his worth. Aside from Bernie
Madoff, the only executive tied to the financial crisis to be criminally
prosecuted and convicted, Mozilo’s settlement is the greatest punishment
inflicted on any executive responsible for the country’s economic collapse, and
falls desperately short of true justice.’
Debt,
Deficits and the Demise of the American Economy' - Author Peter Tanous
Discusses Risk
US
Equities Forecast and the Anticipated Path of the Market at
Minyanville Peter Prudden July
25, 2011 ‘… the headline risk remains to the downside and the bogey to lower
equity prices in the short to intermediate term is concentrated on the U.S.
Debt ceiling. At some point, not only must all developed economies deal with
marking down to the level of income, but we must restructure large amounts of
excess leverage. Until we accomplish this, growth will be problematic…’
Putin says
U.S. is "parasite" on global economy [Unfortunately, this
is very true. More unfortunately is the fact that most worldwide don’t realize
that fact! I mean, think about it: pervasively corrupt, defacto bankrupt
america’s cancerous perma wars,
over-printed debased ‘Weimar’ paper ‘reserve’ currency, huge frauds in
securities and otherwise, etc.. ]
3 Reasons Why This Summer Could Get Ugly Simon Maierhofer, July 29, 2011 [
Well, before getting to the article, we all know why: because … ‘Sell in May,
and go away!’ … Quite simple, as previously set forth here and elsewhere, you
should have ‘sold in May, and went away!’ Why? Because … as Rosanne Rosanna Danna formerly of SNL fame and as
her mama always used to say, ‘it’s always somethin’’ … but unfortunately, that
somethin’ is not necessarily what they say it is. ] ‘It seems like the European
Union and U.S. government are stuck in a never ending game of Whac-A-Mole. It
seems like more moles are popping up more quickly, needing more force to be
subdued (ironically the moles come back just as the problems do)…’
Mapping
the Myths of the U.S. Economy - Stacy Curtin ‘In The Real State of America
Atlas: Mapping the Myths and Truths of the United States, authors Cynthia Enloe and Joni Seager paint a vivid
picture of life in the U.S., using a series of charts, graphics and short
essays that cover almost every aspect of the nation's economy and society as a
whole.
Not only do
they give state-by-state comparisons, they show how the U.S. measures up to the
rest of the world in areas such as health care, housing and defense. But while
analyzing what it's really like to live in the U.S. today, they also uncovered
a few "myths and truths" as the title of the book suggests.
Enloe and
Seager joined The Daily Ticker's Aaron Task to share three of the most
surprising misconceptions they uncovered.
#1 Land
of Homeowners
The dream of
owning a home is actually more the reality in other countries. In the book, the
authors point to the most recent data, which show only 68% of Americans owned
their home in 2002, compared with 92% in Hungry, 84% in Mexico, 72% in the U.K.
and 71% in Australia.
"One of
the things that is a cherished notion about America is we are a nation of
homeowners, and homeownership has long been seen as kind of the bedrock of the
American dream," says Seager. "I think the current economic crisis
and the housing crisis is really shaking that American cherished view of
ourselves as having easy access to homeownership."
This is
evident in another stat laid out in the book, which shows 83% of people agreed
that buying a home was a safe investment in 2003, compared with 70% in 2010. (See:
Why
I Am Never Going to Own a Home Again)
{ Home ownership
hits lowest level since 1965 NEW YORK
(CNNMoney) Les Christie August 5, 2011 As the
foreclosure crisis continues to wreak havoc on the housing market, a source of
national pride has taken a sour turn. Home ownership is on the decline and,
according to a recent Morgan Stanley report…’ }
#2 Land
of Opportunity
Just like the
ideal of owning a home, opportunity in this country is now also on the brink.
"Opportunity
in this country means a chance for an education … [and] a chance for a decent
job that allows you to have a decent life," says Enloe, who points to two
key factors that hinder people making it here in America.
- The cost of a college education continues to
rise year after year.
- The unemployment rate remains high at 9.2%, but
it doesn't factor in the millions of "underemployed" workers --
those who are currently working part-time but would like full-time work --
and discouraged workers who have tired of looking for a job and have just
dropped out of the job market.
#3 Land of Givers
While the U.S. does give more money in foreign aid
than any other country in the world, as a percentage of GDP it falls way behind
many other nations.
Whereas Sweden gives almost 1% of its GDP in 2008,
the U.S. gave 0.19%.
"I think it really should shake Americans' self-perception
of two things," says Enloe. "[One] is cutting foreign aid actually
the ticket to balancing the budget, but also how do we shape up compared to
other countries' generosity?" ’
Debt
Deal Is A Blank Check at Forbes
U.S.
Economic Pessimism Grows - Stacy Curtin ‘While Democrats and Republicans were
arguing over how to prevent the U.S. from a default, families across the
country have become increasingly concerned about the overall state of the
economy, according to the American Enterprise
Institute's latest compilation of recent polls taken in various regions.
Friday's worse
than expected GDP numbers only reaffirm this notion. The U.S. economy grew less
than expected in the second quarter at 1.3%, but the bigger shock came after Q1
GDP was revised down to 0.4% from 1.9%. These numbers suggest the country could
be headed for another recession and Americans are definitely feeling the pain.
(See: 2011
Is Proving to Be a Horrible Year For the Economy)
One of the
most disconcerting findings in the AEI report is a CBS/New York Times poll from
June. It showed that over the last year, more Americans have come to believe
the current economic downturn is part of a long-term permanent decline and that
the economy will never fully recover. In October 2010, 28% of respondents
agreed with that statement, versus 39% last month.
"Americans
are so pessimistic about the economy now ... . And the level of public
pessimism is actually higher than the deep 1981-82 recession overall," due
to grim personal outlooks on a number of issues like jobs, retirement and
health care, says Karlyn Bowman, a
senior fellow at AEI who co-authored the report. "Their negative
sentiments are affecting the way they feel about their family's future, and
interestingly, the way they feel about their state governments. Usually
negative attitudes about the national government don't seep into attitudes about
the state government, but this time it is really different. This negative,
gloomy mood is pervasive.
Speaker of the
House John Boehner echoed these concerns Thursday before one of the many failed
House votes to raise the country's debt ceiling. "This is a challenging
time for our country," he said. "Americans are worried about their
jobs. They're worried about our economy. And they're worried about our
debt."
Since the
polls in the report were conducted before the debt-ceiling debate really began
heating up over the last few weeks, one might conclude that if the same
questions were asked today the responses would be even more pessimistic.
Here are other
key findings from the AEI report:
Job
anxiety: In the past six
months, about 5% of Americans surveyed had lost their job, two in 10 said a
family member had lost a job, and six in 10 knew someone who lost a job.
In June 2011,
58 percent were very or somewhat worried they could lose a job in the next 12
months. Nearly eight in 10 say jobs are difficult to find where they live.
Around a quarter are worried about benefit or pay cuts.
Cutting
back: Americans are cutting
back on everything from health care to haircuts. Fewer than four in 10 say
their personal financial situation is in excellent or good shape right now.
Almost as many people say they are falling behind as believe they are getting
ahead, but the vast majority describe their financial situation as having just
enough money to maintain their standard of living. Inflation worries are high
and steady.
Retirement: There's been a dramatic drop in the number of
Americans who say they have enough money to retire. In 2002, around six in 10
believed they would have enough money. In the latest survey by Gallup in April,
only about four in 10 say they will.’
10
Reasons We Are Heading for a Recession
USAGOLD
RoundTable: Debt Ceiling “Resolution” – EU Sovereign Debt Crisis Aug 3rd,
2011 15:53 by News We’re pleased to present
our latest RoundTable video discussion with our staff experts George Cooper,
Peter Grant and Jonathan Kosares {Immediate access here} Excerpt: Now
that the debt ceiling debate is over, and the dust is settling, the market is
beginning to get a picture of what, if anything, was accomplished, and can be
expected moving forward. The $2 trillion in cuts over ten years amounts to a
small dent in our annual deficit, suggesting that the U.S. will continue to
increase its debt to GDP ratio over the coming decade. The cuts suggested will
merely slow, not reverse, this trend. In the end, this debt deal is nothing
more than a giant kick of the can down the road, and a short road at that. The
hike to the debt ceiling looks to only buy about six months, so this issue is
set to be revisited next year. The market has digested this “resolution” as
such, and gold has responded sharply higher, rising $60 in two days. The DOW
meanwhile has come under significant pressure, shedding over 800 points in a
week. Things across the pond are not looking any better. The credit facility
set up by the ECB is insufficient at best, and contagion remains an enormous
risk. Spreads on sovereign debt in Italy, Spain, Greece, Portugal and Ireland
are at or near all time highs. As talks of dramatically expanding the credit
facility heat up, we’re left to wonder if its even possible for Europe to “go
big enough” to calm market jitters. With Peter Grant, George Cooper, and
Jonathan Kosares. (24 min) The Daily Market Report
Aug 1st, 2011 12:01 by PG
Relief? What Relief? http://www.usagold.com/cpmforum
Late last night when party leaders and the President announced that
they had reached a bipartisan deal that would allow the debt ceiling to be
raised, gold dropped about 1%. Global stocks rallied in relief and briefly,
ever so briefly, gold was out of favor. However, as the details were revealed,
doubts were reignited: Doubts as to whether such legislation could actually
make it to the President’s desk. Doubts that the deal would avert a downgrade
of US sovereign debt.While the CBO scores the package as accomplishing $2.1
trillion in spending cuts over the next 10-years, the CBO baseline also has the
deficit rising $6.7 trillion over the same period. The premise apparently being
that we’re working our way to actual cutting by cutting to slow the pace of the
nation’s proliferate spending. In actuality — and as evidenced below — that CBO
baseline may prove to be way too optimistic.What really lit an intraday fire
under gold today was the big miss on US July ISM, which plunged to 50.9. The
market was expecting a modest downtick to 55.0 from 55.3 in June. On the heals
of last week’s much weaker than expected quarterly GDP data, it has become
abundantly apparent that the US economy has slowed to just above stall-speed.
David Rosenberg, chief economist at Gluskin Sheff and Associates, noted last
week that once the economy slows to a growth rate of 1.6% it has proven
historically to be a “point of no return” and recession follows. With Q1 downgraded
to just 0.36% and Q2 an anemic 1.3% — and likely subject to future negative
revision as well — the writing may well be on the wall.The debt deal is a
short-term kick of the can that at least initially focuses on spending cuts.
However, with no mitigation of the uncertainties that have kept private capital
sidelined for the past two-years of the so-called recovery, there is little
reason to think that a more robust economy is just around the corner. In fact,
the opposite may be true. That realization, tipped in by the ISM data, has
further escalated the QE3 talk, which prompted gold to retest the record high
set Friday at 1632.39. Relief? What relief?If we get another negative surprise
on Friday when July nonfarm payrolls comes out, as the ISM employment index
suggests we might, the QE3 talk will intensify ever more in the weeks ahead of
the Fed’s Jackson Hole summit. Consensus on July payrolls are running around
+100k, although we could see some tempering of those expectations in light of
the ISM data.Even with the announcement of the debt ceiling deal, the dollar
remains on the ropes, falling to new record lows against the Swiss franc and
the yen. If this deal
makes it through both Houses of Congress and is signed by the President, it is
just another kick of the can — and a very short one at that — down the road.
And with the specter of yet another round of quantitative easing hanging over
the market, there is little incentive to buy dollars. Now the BoJ is once again
contemplating direct intervention in the market, as I suspect the SNB is. If
there are concerted efforts to slow the rise of these currencies, it may make
gold an even more alluring option.’
S&P
downgrades US credit rating from AAA The United States has lost its sterling credit rating
from Standard & Poor's.
U.S.
triple-A debt rating cut by Standard & Poor’s Aug 5, 2011 The United States late Friday lost its triple-A debt rating from Standard
& Poor’s for the first tie ...
Text of S&P downgrade of
U.S. rating 06 Aug 2011 The following is the
text of Standard & Poor’s downgrade of the United States. ...
S&P
Shocks the U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall
St. Cheat Sheet August 5, 2011,
‘Standard
& Poor’s is out with an official
downgrade of the U.S. credit rating:
• We have
lowered our long-term sovereign credit rating on the United States of America
to ‘AA+’ from ‘AAA’ and affirmed the ‘A-1+’ short-term rating.
• We have also
removed both the short- and long-term ratings from CreditWatch negative.
• The
downgrade reflects our opinion that the fiscal consolidation plan that Congress
and the Administration recently agreed to falls short of what, in our view,
would be necessary to stabilize the government’s medium-term debt dynamics.
• More
broadly, the downgrade reflects our view that the effectiveness, stability, and
predictability of American policymaking and political institutions have
weakened at a time of ongoing fiscal and economic challenges to a degree more
than we envisioned when we assigned a negative outlook to the rating on April
18, 2011.
• Since then,
we have changed our view of the difficulties in bridging the gulf between the
political parties over fiscal policy, which makes us pessimistic about the
capacity of Congress and the Administration to be able to leverage their
agreement this week into a broader fiscal consolidation plan that stabilizes
the government’s debt dynamics any time soon.
• The outlook
on the long-term rating is negative. We could lower the long-term rating to
‘AA’ within the next two years if we see that less reduction in spending than
agreed to, higher interest rates, or new fiscal pressures during the period
result in a higher general government debt trajectory than we currently assume
in our base case.
Investing Insights:
Is
the Debt Ceiling Raise Bullish for Gold?’
13
Reasons Why The U.S. Is Now OFFICIALLY BANKRUPT Daily Bail
| Stop the budget lies; there are NO cuts. House passes bill to INCREASE
spending by $7 trillion over the next 10 years. ATTENTION IDIOTS IN THE
MAINSTREAM MEDIA – Stop The Budget Lies – There Are NO Cuts – House Passes Bill
To INCREASE Spending By $7 Trillion Over The Next 10 Years
Lies,
Damn Lies And Government Budgets
I am so pissed
off by
the misreporting I could spit Ken Lewis hairballs.
#1) Corporate
journalists and financial pundits know NOTHING about budgets.
#2) The
Boehner led House passed legislation this evening that INCREASES
spending by $7 TRILLION over the next ten years versus a baseline budget
that would have increased spending by $9.5 TRILLION over the same period.
#3) CBO
said today that LESS than 2% of the decrease in the GROWTH of spending will
come before the 2012 elections. The remainder come after the election.
#4) Defense
and war machine spending will
grow at 3% per year instead of 4% per year.
#5) This was
nothing but an agreement to agree at a later date to look for reductions in
planned spending GROWTH.
#6) A Super Congress
will decide on a mix of tax increases and reductions in planned spending growth
to meet the targets at a later date.
#7) No
one in Congress even considered Ron Paul’s simple plan, now endorsed by Time
Magazine as well as liberal economist Dean Baker, to wipe out $1.6 trillion in
fake debt owned by the Federal Reserve. Debt that we owe to ourselves, that
is entirely legal to wipe away.
#8.) CBO says under this plan, the national debt will
INCREASE from $14.4 TRILLION currently to more than $25 TRILLION over the next
10 years.
#9) The assumption for #8 above assumes the economy
grows at 3% per year over the next 10 years, and that Treasury interest rates
stay at historic lows. When rates increase, and bet your life that they will,
interest on the debt will increase and so will annual deficits, leading to a
national debt much higher than the $25 TRILLION that CBO
estimates.
#10) Regarding Treasury rates and interest on the
debt, get educated about a concept called ‘DURATION RISK.’ Turbo Geithner and
his MENSA bed-fellows at Treasury have chosen to finance the great majority of
recent and future borrowing in short-term bills, which means that they have to
be rolled over frequently. This is perhaps the least-discussed and most
dangerous issue related to Treasury debt.
#12) The bill passed by Boehner tonight was the BEST
they could do after 6 weeks of fighting.
#13) Due to #12, the United States is officially
f*cked.
Thank you and good night.’
US
Closer to ‘Junk Bond’ Status Than Triple-A: Bove Aug 9th, 2011 14:41 by News
August 9 (CNBC) — ‘ “You’ve got a
company which is losing about $1.4 trillion this year, probably will lose
somewhere around a trillion dollars over the next couple of years. It owes
$14.4 trillion (and) over the next five years that will get up to $20
trillion,” the Rochdale Securities analyst said.“So there’s no likelihood
whatsoever that this particular company is able to pay down from its own
resources the amount of debt that it has, nor is there any likelihood that it’s
going to get rid of its deficit,” he added. “If that was a real company, of
course, that would be a junk bond.”“I still would expect to see a
thousand-point down day at some point in this market as people come to realize
there has been a complete change in the financial structure of the world,” he
said’
If
U.S. Slides Into Recession, S&P 500 Could Drop To 830 at Forbes
[The pervasively corrupt, defacto bankrupt u.s. is already in recession
(actually worse)! Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To
Meltdown,
predicting the global crisis that occurred the following year. I
now see a similar confluence of events that warns of phase II of the
global crisis… My work shows that “the new recession has started.”… Over the
past 33 years, we have called the start of every recession, often on the exact
month, or within one month, of the official start as determined one year later
by the official arbiter of recession, the National Bureau of Economic Research
(NBER)… However, inflation is far understated for political reasons. Currently,
the GDP deflator is 1.8%, which hardly reflects the true rise in prices.
Therefore, what is counted as “growth,” is actually price increases. Actual
inflation, according to free market economists who calculate inflation as it
was done in 1980 before the politician re-engineered it, is now more than 11%.
Using that to adjust GDP for inflation, would show that the economy is now in a
very sharp contraction…’FLASHBACK HERE: Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher. Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell ]
3
Ring Circus: Geithner, Buffett, and Obama Wall St. Cheat
Sheet ‘…Treasury Secretary Tim Geithner , who said last April that
there was no risk the U.S. could loose its AAA credit rating, voiced his
thoughts on the downgrade. He said, “ They’ve handled themselves very
poorly, and they’ve shown a stunning lack of knowledge about the basic U.S.
fiscal budget math.” What exactly are they misunderstanding? The U.S. is
the largest debtor nation in the world, and spending outlays vastly outnumber
revenue. Geithner went on to say that U.S. bonds were just as safe after
the downgrade as before, and predicted that China and investors would remain
strong buyers of government debt.On Monday morning, with stock futures heading
sharply lower, Warren Buffett tried to inject confidence into the financial
markets. Buffett explained that he believes the U.S. debt is still rated
AAA, and the downgrade does not change his mind about government debt. In
fact, the legendary investor holds $47 billion in cash and equivalents as of
June 30th. He said, “ If I have to buy Treasuries at zero percent yield,
I will.” At least the large cash hoard shows that Buffett puts his money
where his mouth is. However, one also has to wonder if Buffett’s
shareholdings in Moody’s , a rival credit agency to S&P, has anything to do
with his criticism of S&P. To add fuel to the fire, S&P also cut
Buffett’s Berkshire Hathaway outlook from stable to negative.Not to be outdone
by Warren Buffett’s AAA endorsement, President Obama made a public announcement
of his own on Monday. Despite America’s financial hardship across the
board, the President said, “ I’d give U.S. a quadruple-A rating.” This
was puzzling for many reasons ( besides the fact there is no quadruple-A
rating). America has a hard enough time keeping its AA+ or AAA rating,
let alone achieving some pipe dream quadruple-A rating. S&P may be
the credit agency causing controversy now, but it’s not the only credit agency
to downgrade America. China’s credit rating agency Dagong , recently
cut America’s debt rating from A+ to A, with a negative outlook. Dagong
had already cut America’s credit rating last November from AA to A+ after QE2
was announced.By the end of Monday, it was announced that the Senate banking
committee had started a probe into the downgrade actions of S&P.
However, the damage is already done, confidence is broken in the markets.
Gold constantly reaching new highs is a clear example of this.
Perhaps the Senate banking committee should probe Fitch and Moody’s and investigate
why they still have AAA ratings on U.S. debt?...’
Edwards says this has nothing to do with that
downgrade http://ftalphaville.ft.com/blog/2011/08/09/648126/edwards-says-this-has-nothing-to-do-with-that-downgrade
Posted
by Izabella Kaminska on Aug 09
2011
Thought the current turmoil was down to the downgrade
of US debt? Wrong!
According to Societe Generale’s uber bear, Albert
Edwards, this has absolutely nothing to do with S&P, the White House, Tea
Party etc. It’s the economy stupid:
The simple fact is that the global economy is falling
back into recession or indeed is already in recession. Equity markets were sliding before the downgrade and
bond yields were reacting as one would have expected to the dire economic data.
The S&P downgrade may have caused the breach of critical support levels of
1250 on the S&P, but anything could have caused that breach and triggered
the technical rout. Expect some sort of retest of this neckline before the
market ultimately meets its date with destiny.
Recent US GDP revisions revealed QE2 to be an abject
failure as far as producing an economic recovery is concerned with dire 0.9%
annualised growth reported in H1 2011. Yet to a man with a hammer, everything
is a nail. Hence despite rising core inflation, there is certainly a level of
economic and/or market pain to prompt QE3. But expect the real fireworks to
occur when the adrenalin rush of QE3 wears off even quicker than QE2.
There are still some diehard ‘happy clappies’ out
there who think we are going to avert recession and the markets will recover.
Yet US GDP growth has now fallen below the wellknown 2% stall speed, below
which the economy does not seem to be able to regain altitude but instead
crashes directly into recession.
Which means it’s time to come to terms with the fact
that recession 2.0 (or was it ever really a recovery?) is on its way whether
you like it or not:
At the current (Q2) rate of 1.6% yoy GDP growth, my
fellow bear (realist?), David Rosenberg at Gluskin Sheff, points out in the
chart below that a US recession is almost certainly a done deal (never say
certain, as in 1956, when recession was temporarily averted for all of nine
months). But with this sort of record the onus is now on the optimists
to demonstrate why on earth they still believe in a second-half recovery and
growth in 2012.
Now, anyone who bought into the dulcet tones of the
bullish brigrade is likely to do very badly. A fact which will come as hubris.
In Edwards’ opinion if you were dumb enough to listen to that story, well… you
reap what you sow:
And in the same way that a country is said to get the
government it deserves, I believe the market gets the macro commentators it
deserves: i.e. perpetually bullish analysts, taking no personal risk with their
never-ending consensus chatter.
After all it was always pretty obvious what was going
to happen.
It was just a question of when, rather than if:
Put into its proper Ice Age context, the events of
the past decade are entirely explicable. As we see a short-lived economic
recovery failing only two years into the cycle and a plunge back into
recession, we remind investors that this was exactly the Ice Age template that
Japan showed us. A fragile recovery undermined by private sector deleveraging
collapses as a semi-bankrupt government tries to rein in runaway deficits.
What next? Well, it’s Ice Age 3.
Here’s how it goes and this is very much of the
moment (especially if you are a London resident):
We are now entering the third phase of the Ice Age
when another cyclical failure combines with a secular de-rating of equities and
re-rating of government bonds. I and many others have been pointing out for a
long time now the simple fact that the global economy has been living way
beyond its means for years. A massive transfer of income to the very
rich has occurred while middle class real incomes stagnated. The middle classes
only tolerated this because Central Bankers created housing booms to keep the
impoverished middle classes borrowing and spending to give them the illusion of
prosperity and stop them from revolting.
I believe the Fed and Bank of England, in particular,
were wholly complicit in this ‘daylight robbery’ (see
link). These unsustainable private sector, debt mountains
were transferred to the public sector in 2008 to prevent the adjustment to
the depression-era reality that the debt unwind would undoubtedly have
brought about. Yet, those debts are as unsustainable in the hands of the
public sector as they were in the private sector.
Central bank polices haven’t changed though. Print
and print and print. And if that doesn’t work, print some more. And as London
burns, the point I have always made is that the US and UK are not like Japan in
one very special way. Although Japan suffered a decade of pain it is a very
homogenous, equal society. The UK and US are not. Some readers may not know
that rioting and looting has broken out around London. While I hear the
UK politicians denounce the looters as common criminals (which of course they
are), I can’t help but think that Louis XVI in 1789 and Tsar Nicolas II in 1917
might have said the same thing.
Crikey,
Here comes the revolution. Prepare.’
Fed
Move, Pavlovian Market Response: Reactions The Wall Street Journal Mark Gongloff ‘Paul Krugman scoffs at the Fed-fueled rally:
The Fed didn’t announce a new policy. And despite
what some press reports said, it didn’t even commit to keeping rates low; all
it did was say that if the economy stays weak, rates will stay low — well, duh
— and that it might think about doing other stuff one of these days.
Tyler Durden is amazed:
Following a 600 point plunge in the DJIA yesterday,
today we see a 400 point surge following the presentation of the weak case of
the expected Bernanke Put. And completing the amazement, the 10 Year bond,
moved to almost record lows, and then retraced virtually the entire move, as
nobody knows what central planning has in store for America any longer.
Additionally, after being up 50%, VIX is now down 22%. Congratulations Ben: in
taking central planning to nth double-down levels, you have now
broken not only the stock, but the bond market as well…’
Faber's Pessimism on the U.S. Downgrade 08/09/2011 By EconMatters: Markets saw the
worst day since the 2008 financial crisis on Monday, August 8th, the first
trading day since Standard & Poor's downgraded the United States' credit
rating. Under the weight of a possible twin crisis in Europe and in the U.S.,
Dow Jones industrial plunged 634 points. Stocks have lost 15% of their value in
just two and a half weeks. On a day like this, who else other than Marc Faber,
publisher of the Gloom, Boom & Doom report, would be more appropriate to
appear on Bloomberg to talk about the aftermath of the U.S. debt downgrade...
Faber indicates a bear market already started on May 2, 2011…’
The 10
Most Indebted Governments in the World
http://wallstcheatsheet.com/stocks/the-10-most-indebted-governments-in-the-world.html
‘…Coming in first place is Japan (NYSE:EWJ),
with a whopping $13.795 trillion in debt, just short of the the $14.27 trillion
in debt the U.S. carries .. Coming in second against Japan in terms of its
debt-to-GDP ratio is Greece, where debt is a relatively low 139% of GDPHot
Feature: Who Owns U.S. Debt? Following Greece on the
list is Italy (NYSE:EWI), then Iceland, Belgium, Ireland, and the U.S. So
why isn’t Japan enduring the same kind of financial crisis that so many
countries with significantly less debt are currently facing? The answer is
simple: Japan owes most of its debt to itself. In comparison, the U.S. owes
about 30% of its debt to foreign investors, with China (NYSE:FXI)
holding $1.1 billion in U.S. debt, more than any other country…’
Fear Index
VIX Up 50%, And In Backwardation, Confirms Fully Fledged Bear Market Volatility slapped markets in the face on Monday,
surging 50% in its biggest one-day move since February 2007. Furthermore,
the whole VIX futures curve has been inverted and is in backwardation, indi...
The Entire
World Is Going Bear Market Business Insider | A scary aspect of this
selloff: There’s nowhere safe.
8 More Reasons Why You Should Be Deeply Concerned That
The U.S. Government Has Lost Its AAA Credit Rating The Economic
Collapse | Are you ready for part two of the global financial collapse? When we
examine this “deal” that way, what does it look like? The
Economic Collapse Aug 9, 2011 ‘Are you ready for part two of the
global financial collapse? Many now fear that we may be on the verge of a
repeat of 2008 after the events of the last several days. On Friday,
Standard & Poor’s stripped the U.S. government of its AAA credit rating for
the first time in history. World financial markets had been anticipating
a potential downgrade, but that still didn’t stop panic from ensuing as this
week began. On Monday, the Dow Jones Industrial Average dropped
634.76 points, which represented a 5.5 percent plunge. It was the largest
one day point decline and the largest one day percentage decline since December
1, 2008. Overall, stocks have fallen by about 15 percent over the past
two weeks. When Standard & Poor’s downgraded long-term U.S.
government debt from AAA to AA+, it was just one more indication that faith in
the U.S. financial system is faltering. Previously, U.S. government debt
had a AAA rating from S&P continuously since 1941, but now that streak is
over. Nobody is quite sure what comes next. We truly are in
unprecedented territory. But one thing is for sure – there is a lot of fear
in the air right now.So exactly what caused S&P to downgrade U.S.
government debt?Well, it was the debt ceiling deal that broke the camel’s back.According to S&P, the
debt ceiling deal “falls short of what, in our view, would be necessary to
stabilize the government’s medium-term debt dynamics.”As I have written about
previously, the debt ceiling deal was a complete and
total joke, and S&P realized this.Forget all of the huge figures that the
mainstream media has been throwing at you concerning this debt ceiling
deal. The only numbers that matter are for what happens before the next
election.The only way that the current debt ceiling deal will last beyond the
2012 election is if Obama is still president, the Democrats still control the
Senate and the Republicans still control the House. If any of those
things change, this deal ceiling deal is dead as soon as the election is
over.Even if all of those things remain the same, there is still a very good
chance that we would see dramatic changes to the deal after the next
election.So in evaluating this “deal”, the important thing is to look at what
is going to happen prior to the 2012 election.Well, Barack Obama and the
Democrats get the debt ceiling raised by over 2 trillion dollars and will not
have to worry about it again until after the 2012 election.The Republicans get
25 billion dollars in “savings” from spending increases that will be
cancelled.The “Super Congress” that is supposed to be coming up with the second
phase of the plan may propose some additional “spending cuts” that would go
into effect before the 2012 election, but that seems unlikely.So in the final
analysis, the Democrats won the debt ceiling battle by a landslide.25 billion
dollars is not even 1 percent of the federal budget. The U.S. national debt continues to spiral wildly out of
control, and our politicians could not even cut the budget by one
percent.Somehow our politicians believed that the rest of the world would be
convinced that they were serious about cutting the budget, but it turns out
that global financial markets are tired of getting fooled.It has gotten to the
point where now even the big credit rating agencies are being forced to do
something. Not that they really have much credibility left.
Everyone still remembers all of those AAA-rated mortgage-backed securities that
imploded during the last financial crisis. The reality is that the big
credit rating agencies are a bad joke at this point.Several smaller credit
rating agencies have already significantly slashed the credit rating of the
U.S. government. But a lot of pressure had been put on the “big three” to
keep them in line.But now things have gotten so ridiculous that S&P felt
forced to make a move.Sadly, our politicians are still trying to maintain the
charade that everything is okay. Barack
Obama says that financial markets “still believe our credit is AAA and the
world’s investors agree”.Once again, Barack Obama is dead wrong.The truth is
that the credit rating for the U.S. government should have been slashed
significantly a long time ago. This move by S&P was way, way
overdue.Moody’s might be the next one to issue a downgrade. At the
moment, Moody’s says that it will not be downgrading U.S. debt for now, but
Moody’s also says that it has serious doubts about the
enforceability of the “budget cuts” in the debt ceiling deal.This crisis is
just beginning. It is going to play out over time, and it is going to be
very messy.The following are 8 more reasons why you should be deeply concerned
that the U.S. government has lost its AAA credit rating….
#1 The U.S. dollar and U.S. government debt are at the
very heart of the global financial system. This credit rating downgrade
just doesn’t affect the United States – it literally shakes the financial
foundations of the entire world.
#2 As the stock market crashes, investors are flocking
to U.S. Treasuries right now. However, once the current panic is over the
U.S. could be faced with increased borrowing costs. The credit rating
downgrade is a signal to investors that they should be receiving a higher rate
of return for investing in U.S. government debt. If interest rates on
U.S. government debt do end up going up, that is going to make it more
expensive for the U.S. government to borrow money. The higher interest on
the national debt goes, the more difficult it is going to become to balance the
budget.
#3 We could literally see hundreds of other credit
rating downgrades now that long-term U.S. government debt has been
downgraded. For example, S&P has already slashed the credit ratings
of Fannie Mae and Freddie Mac from AAA to AA+. S&P has also already begun to
downgrade the credit ratings of states and municipalities. Nobody is
quite sure when we are going to see the dominoes stop falling, and this is not
going to be a good thing for the U.S. economy.
#4 10-year U.S. Treasuries are the basis for a whole
lot of other interest rates throughout our economy. If we see the rate
for 10-year U.S. Treasuries go up significantly, it will suddenly become a lot
more expensive to get a car loan or a home loan.
#5 The current financial panic caused by this downgrade
is hitting financial stocks really hard. The big banks led the decline
back in 2008, and it looks like it might be happening again. Just check
out what CNN says happened to financial
stocks on Monday….
Financial
stocks were among the hardest hit, with Bank of America (BAC, Fortune 500)
plunging 20%, and Citigroup (C, Fortune 500) and Morgan Stanley (MS, Fortune
500) dropped roughly 15%.
#6
China is freaking out. China’s official news
agency says that China “has every right now to demand the United States to
address its structural debt problems and ensure the safety of China’s dollar
assets”. If China starts dumping U.S. government debt that would make
things a lot worse.
#7
There are already calls for the Federal Reserve to step in and do
something. If the U.S. economy drops into another recession, will we see
more quantitative easing? It seems like we have reached a point where the
Fed is constantly in “emergency mode”.
#8
The U.S. national debt continues to get worse by the day. Just check out
what economics
professor Laurence J. Kotlikoff recently told NPR….
“If you add up
all the promises that have been made for spending obligations, including
defense expenditures, and you subtract all the taxes that we expect to collect,
the difference is $211 trillion. That’s the fiscal gap”
Dick Cheney once said that “deficits don’t matter”,
but the truth is that all of the debt we have been piling up for decades is now
catching up with us.The United States is in such a huge amount of financial
trouble that it is hard to put into words. The days of easy borrowing for
the U.S government are starting to come to an end. We have been living in
the greatest debt bubble in the history of the world, and it has fueled a
tremendous amount of “prosperity”, but now the party is ending.
A whole lot of financial pain is on the
horizon. Please prepare for the hard times that are coming.’
Don't
Fall For The Market's Head Fakes at Forbes David Trainer ‘The
market decline experienced thus far is closer to its beginning rather than
its end. Tuesday’s refreshing market rise was likely just a flash in
the pan.
There is nothing
that politicians or regulators can do to prevent the natural price discovery
that is critical to the long-term health of our capitalist system.
The market
needs to go down again before it can sustain any future rise.
We simply
must deal with the loads of toxic and mis-allocated capital that our profligate
society has created over the past 20+ years.
Allow me to
explain how we got ourselves in this situation. The figure below highlights
the three successive stock market bubbles in just over 10 years. Compare
the size of these bubbles and the rise in stock prices over the last 25 years
compared to the prior 65 years. A simple trendline further accentuates
just how much stock prices have appreciated compared to historical
trends.
Figure
1: Historically Enormous Stock Market Bubbles Keep Coming Back
http://blog.newconstructs.com/wp-content/uploads/2011/08/figure1.jpg
Sources:
New
Constructs, LLC and Ibbotson Ibbotson, 2010 Ibbotson Stocks, Bonds, Bills
and Inflation Valuation Yearbook, (Chicago: Morning Star, 2008), 228–229.
*Large Cap Stocks as defined by Ibbotson are the best comparison for the
S&P 500, which did not exist as it does today in 1926.
I am not suggesting
that stock prices should revert to the long-term trendline. I fully appreciate
the accelerating pace of innovation realized by our society and its
impact on standards of living and improved utilization of resources.
There is no
question that we live in unprecedented times of prosperity and wealth creation.
And technology holds great promise for the future achievement of mankind and
will drive improvement in the standards of living around the world.
The problem
is that we have gotten ahead of ourselves. By how much, I am not sure. But I
am sure that we are due a (lasting) correction in the stock market, and the
longer that correction is put off, the more painful it will be.
To illustrate,
let’s review what drove the last two market bubbles.
- Tech bubble – irrational exuberance about
the value in tech stocks combined with rather loose monetary policy
pushed stocks and capital flows to ridiculously high levels
- Housing bubble – lax lending standards,
unscrupulous bankers, conflicted regulators, a bottomless appetite
for consumer spending and a seemingly infinite amount of cheap money
to finance consumption.
Now, let’s review what happened after these bubbles burst.
- After the tech bubble: monetary policy
remained highly accommodative and government stimulus was aplenty
- After the housing bubble: monetary policy
remained highly accommodative and government stimulus was aplenty
See the response pattern? See how it affected the
markets?
It is as if the bubbles never burst. Game back on.
Like a high-school party, the music stops and everyone is quiet when the cops
show up. Someone convinces the cops that nothing unscrupulous is going on
and all will be calm and quiet. Then, as soon as the cop car is out of sight,
the music gets turned back on and the party goes harder.
What will be the response to the third bubble that
is forming?
That is the question that I think the market is
finally facing. The answer is not the same as before.
The government has run out of stimulus and policy
bullets.
Really, what else can politicians and regulators
do to engineer a soft landing, or should I say, another bubble.
Figure 1 shows that we never really landed. We
rocketed from one bubble to the next.
Let’s take a look at the options available via the
two main forces for stimulating economic recovery:
- Fiscal policy – given the federal, state and
municipal debt and budget problems, another round of stimulus spending
or another TARP-like program is probably not in the cards. The funds
are simply not available. Not to mention, I do not think another
bailout plan would go over very well with tax-payers.
- Monetary policy – here we have three potential
options.
- Lower rates – can they go any lower? The answer
is not meaningfully lower unless the Federal Reserve wants negative
nominal rates. In addition, low interest rates undermine
long-term economic growth potential.
- Extend QE2 to QE3 – given that the point of QE2
was to keep interest rates, especially mortgage rates low, I do not
think additional quantitative easing in the form taken so far would
have much if any impact on rates given how lower they already are. Moreover,
driving oil and other commodity prices higher by further undermining
the value of the dollar is not exactly conducive to growth.
- A new type of QE3 – suppose the Fed were to
purchase large amounts of assets other than treasuries such as foreclosed
homes. I think that action would likely spook investors because it would
signal that the carrying value of those homes were too high. Otherwise,
private investors would have already bought them for their own portfolios.
And bank stocks would sink as investors realize that additional
write-offs might be coming. The same reaction applies to any other
asset that the Fed might choose to take off private investors’ hands.
So, who is going to bail us out this time?
My overriding message is that no one should have
bailed us out to begin with. The longer we avoid the painful process of deleveraging
and returning to a more deliberate and rational mode of capital allocation,
the more we delay the inevitable. The more we shift the blame for our financial
mistakes to the public sector, the deeper the hole we must dig out of.
Which brings me to the next point: shifting responsibility
to the public sector, i.e. government, presents some very serious problems
and headwinds for future growth:
- The government is not bailing anyone out,
taxpayers are. In essence, the government is using hard-earned tax revenue
to pay for the mistakes of certain members of our society.
- Moral hazard is confused with moral obligation.
Re-distribution of wealth to those that are in genuine need of assistance
from society is in our long-term best interests. But moral obligation
quickly becomes moral hazard when the re-distribution applies to people
who should, but prefer not to, care for themselves.
- When the people who make mistakes do not pay
for mistakes, they keep making them…bigger and bigger. Can you say
“mortgage back securities”?
- We run out of money. When capital from productive
sources is siphoned away to subsidize unproductive investments, capital
is destroyed and never to be found again. When there is less capital
available for productive investments, growth is forced to slow as are
incomes and payrolls.
- When growth slows and jobs are not available,
bad things happen. For an example of bad things happening now, take a
look at the riots
in the streets in London.
Until we allow the natural price discovery that
unfettered markets are designed to provide, we continue to subsidize
unproductive investments. And the longer we subsidize unproductive
investments, the more wealth (and jobs) we destroy in the present and in the
future.
Sure, it feels better when the stock market skyrockets,
bank accounts are fat, growth is strong and the financial future is bright.
Wasn’t that what we got in the 1990s, then again in the first decade of this
century?
It cannot go on forever. Consider how much the
housing bubble was driven by too much borrowing? Though financing might
be cheap and easy to get for extended periods of time, there is not an infinite
supply.
At its core, borrowing is simply a method of cashing
in today on future earnings. The more we borrow against future earnings, the
less we have in the future.
Using borrowed funds to subsidize unproductive
investments only compounds and accelerates wealth destruction.
Keynesian policies can be successful in certain
situations and for limited amounts of time, but they cannot be sustained
infinitely. Borrowing and spending by the government can help the economy
survive a soft patch or decrease the depth of a recession, but it does not
fix the underlying capital allocation problem.
Keynesian economic policies are patches to economic
problems, not fixes. If extended for too long, they only make matters worse.
Before the housing bubble, the government was levered
to the hilt. After the housing bubble, consumers are also levered to the
hilt. Both are struggling to balance their checkbooks.
So who is left to bail us out? Only two potential
candidates: American corporations and foreign countries.
A quick survey of the status of the other major economic
powers is not exactly inspiring. China is slowing growth to fight its inflation
problems. The European Unions, well, they have their own problems. Japan is
not exactly prospering. In general, there are few, if any, global economic
bright spots. None are large enough to bail out anyone.
There are many bright spots in corporate America.
Companies like Apple (AAPL-very attractive rating), Google (GOOG-very attractive rating), Microsoft (MSFT-very attractive rating) and many others
are as profitable as ever. Their returns on capital rank among the very best
in the world. They are shining examples of capital realizing its highest
and best use. For the country as a whole, cash flow returns on assets are near
all-time highs. Much of the recent profits, however, have come at the expense
of the consumer as wages have grown much more slowly than profits.
Then, there are the banks. US banks recently enjoyed
the largest bailout in the history of the world. Further, their profit margins
have been subsidized by sustained low interest rates. And yet, they are
lending little money.
Is the problem that banks do not want to lend or
that there are not enough borrowers?
I think the answer is both. Many banks are still carrying
a great deal of toxic assets. With so much risk already on their balance
sheet, they cannot afford to take on more.
As for borrowers, the uncertain tax, regulatory
and economic outlooks are not exactly enticing entrepreneurs, small and
large businesses to take risk.
To summarize, there is no one left to bail us out
this time.
So, what happens next? We buckle down and face the
long hard road to true, not artificially subsidized recovery.
We recognize facts:
- We cannot spend more than what we make forever.
Seems like an obvious statement, but that is not how the United States
has operated over the past several years.
- We have wasted lots of capital by subsidizing
unproductive investments.
- We have delayed the process of creative destruction
whereby unproductive investments are replaced by productive
investments.
- Because of our wastefulness and the delay in
creative destruction, much time is required to restore wealth back to
the levels to which we have become accustomed.
- We must rebuild diligently, rationally and
deliberately to ensure capital realizes its highest and
best use.
- Kicking the can down the road, Euro-style, only
delays the inevitable and makes the problem worse.
- Eventually, we will be much better off than
what we started.
In the meantime, the stock market and economic
activity will continue to suffer. No pain no gain.’
Stock
Market Slide Is the Latest Blow to the Middle ClassThe Daily Ticker Peter Gorenstein
‘Stocks resumed their decline on Wednesday -- the third big drop in the last
five trading days. The Dow
Jones Industrial Average closed down 520 points, or 4.6%. The S&P 500 fell 4.4% to close
at 1,121, while the Nasdaq
was taken down more than 101 points to the end the day at 2,381.In other words,
Tuesday's gains, in which the Dow jumped 430 points, are a distant
memory.Stocks are on track for their worst monthly drop since after the Lehman
Brothers bankruptcy in the fall of 2008. After making steady gains in their
401(k) plans since then, average Americans are once again falling further
behind on their retirement goals. The recent drop in the market is making
headlines, but as Aaron Task and the Breakout team discuss in this clip, it's
by no means the only economic hardship facing the middle class -- it's just the
latest. Here are some other headlines you might have missed while you were
watching your portfolio shrink over the last few days.
HORRIFIC
HOUSING MARKET
Existing home
sales fell 2.8%
in the second quarter compared to a year ago, according to the National
Association of Realtors. The number of home sales is also off, falling 5.4%
from the previous quarter and is down almost 13% compared to the sometime last
year. At this rate the housing market will continue to be a drag on the
economy.
BACKDOOR
BAILOUT FOR BANKS
Meanwhile, as
homeowner pain reaches new heights, it appears banks continue to receive
favorable treatment from the government. The
Wall Street Journal reports Fannie Mae -- essentially a government entity
(that by the way continues to receive billions in taxpayer aid each quarter) --
just spent $500 million to buy the servicing rights to a Bank of America (BAC) portfolio of
"seven million loans still causing the most problems." That's what
they call a backdoor bailout.Speaking of Bank of America, the stock continued
to mirror the pattern of steep sell-offs and furious rallies seen in the
broader market. This time, shares of BofA were down 10.9% to $6.77. A
conference call held by CEO Brian Moynihan with investors, led by Fairholme's
Bruce Berkowitz, didn't help the bank's cause. According to a summary
of the call in the WSJ, Moynihan pushed back against those who would
question how he has performed while leading the company, and he said BofA would
not part ways with brokerage firm Merrill Lynch. Additionally, he said there
weren't "many days when I get up and think positively about the
Countrywide transaction in 2008."BofA bought the big mortgage firm during
the 2008 credit crisis, and it has been responsible for a gigantic financial
drag on the firm in the time since.
FED'S
FOLLY
The Federal
Reserve on Tuesday said it will keep interest rates "exceptionally
low" through the middle of 2013. That and the possibility of more
quantitative easing may eventually reflate assets -- a good thing for stock
portfolios. The problem is the Fed's reaction to the crisis has and will
continue to do little to improve real economic conditions, such as stubbornly
high unemployment, which remains at 9.1% more than two years after the
financial crisis. And, for those able to save some money, the low interest
rates aren't rewarding your bank accounts. Add it all up, and unfortunately
there's little to feel good about.’
Report:
DOJ investigating S&P's mortgage securities ratings Associated Press
The Justice Department is investigating whether the agency improperly rated
dozens of mortgage securities in the years leading up to the financial crisis.
(Washington Post) [ There you go … the retaliation … the long awaited payback
(quid pro quo -the no pros- witheld) for long overdue pervasively corrupt,
defacto bankrupt u.s. downgrade. They should be investigating themselves, the
SEC ( SEC destroyed documents, senator says ), among numerous other fraudulent, illegal schemes, activities. SHARE
YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
ATF Chief Melson:Justice
Department trying to shield officials (LATimes) Serrano
I believe him!
I truly empathize with the
ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize
some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual
citizenship with Italy), and some familiar crimes (ie., drug money laundering,
etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the
following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert
Williams, Todd McKeahan & Conway LeBleu: Died February
28, 1993 by gunfire at Waco. All four were examined by a pathologist and died
from identical wounds to the left temple. All four had been body guards for
Bill Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims Act probably would apply and I
would absent resolution seek to refer the within to a firm with expertise in
that area of the law with which I am not familiar).
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until
he abruptly retired (our last conversation prior to his retirement related to
the case and parenthetically, Rudy Giuliani whose father I stated had been an
enforcer for the mob to which he registered disbelief and requested I prove it,
which I did – he served 12 years in prison, aggravated assault/manslaughter? –
and no, there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
- A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc..
- Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page
1
Page 2
]
- Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under Title
11, USC, etc.) . [ transcript in pertinent part
- http://albertpeia/crossexamofcoanbypeia.pdf
]
- Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
- Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In
addition to being 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. As much as I hate the mob,
it truly was funny, if not so tragic.], Alito is also
corrupt (and maybe corrupt because he is inept). After a reasonable (but
still rather short) time I called to determine the status and was told
that Alito was no longer with the Office of the U.S. Attorney, that he was
(appointed) a federal judge, and that neither the documents nor any file
or record of same could be located. Alito did parley the same / cover-up
into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I
hesitate to chance greater non-performance / worsening by their ‘fix’ so cell
phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama
has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP |
Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Sincerely
and Regards,
Al
Peia
Unions
angry over Postal Service cuts They said any move to break labor contracts
to lay off 120,000 would hurt the already ailing movement. (Washington Post) [
I reiterate my call for the well managed, efficient, and reliable company, UPS
to take over the operation of the poorly managed, inefficient, and unreliable
USPS. Postal
Service seeking 20 percent staff cut EXCLUSIVE | In cost-cutting bid, USPS
also proposes withdrawing employees from existing health and retirement plans
and creating its own benefit programs. Congress would need to sign off. (Washington
Post) [ I think it’s a great idea. Indeed, 50% would be substantially better.
Even better yet, UPS should take over their entire operation. After all, UPS is
well managed and efficient; and also, very reliable. On the other hand, the
USPS is poorly managed, inefficient, and very unreliable:
October 15, 2010 (*see infra {ultimately delivered by UPS})
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
Five
myths about the Dow What drives it up and down? Is it a good market
barometer? (Washington Post) [ Yeah! This is a great topic which seems an
age-old quandary manifesting in different forms at different times. Indeed, in
my evening MBA program studies at NYU, GBA (MBA Finance, 1977) the ‘questions’
concerning the Dow from an investment perspective were in no short supply (ie.,
from not being representative of the market, to higher p/e multiples, to slower
growth from mature companies, to higher prices per share on an absolute basis,
etc.). When asked why the Dow, the Security Analysis Professor, Dr. Douglas
Bellmore, an extremely successful analyst / investor / author on finance in his
own right, and head of the research arm / department of an institutional wall
street brokerage firm by day, would respond simply by saying, ‘ he wasn’t
interested in ‘buying the market’ (cited were concerns of liquidity with his
oft-repeated rhetorical quip, ‘sell … to whom?’, which was often problematic to
the substantial downside then, particularly for Nasdaq / Over-the-counter’ issues
which is far less problematic today with computer efficiency undreamed of then
(though also now used for nefarious fraudulent purposes undreamed of then)[ I
began my MBA thesis with him and completed same owing to his vacation in the
summer, 1977, with the great, eloquent, and astute Economist / Professor, Dr.
Robert Kavesh (‘Economic Forecasting’ Butler and Kavesh – I had his course of
the same name as his book) since I was beginning law school evenings that fall.
] ( Interestingly, in the bond analysis portion of the course I asked whether
you can and should rely on the rating companies, predominantly S&P. He
paused, and said ‘that’s a good question’ – it was also the only time he said
such of my questions – then responded affirmatively, ‘yes, you can rely on
them’ (different time, different place – I’m sure his answer would have been
substantially different today). The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed! So what’s changed of significance (other than the
full moon and consequent effects on the lunatic wall street frauds Train
Reading: The Stock Market Is Insane The Wall Street Journal
GE
‘all in’ on aviation deal with China
Challenge of China: Put technology on the table — and keep some U.S.
jobs — or miss the huge market. (Washington Post) [ ‘Lotta weighin’ goin’ on!
Riiiiight! Don’t make me laugh! Is
China Bad For The US Job Market? at Forbes [ Duh! Ya think. Come on!
Even rhetorically there’s no real question here. There’s no upside nor room for
discussion on this point. Even when thinking they’re buying american, ie.,
apple, etc., they’re buying Chinese, Korean, Japanese, etc. (components); and
yet, american tech is still absolutely horrendous. And, let me add that the
communist Chinese are far from brilliant; one need only witness that Chinese
leader standing with ‘lobotomy joe biden’ assuring all they’ll be no default …
double duh! … as pervasively corrupt, defacto bankrupt america’s printing those
evermore worthless dollars at warp speed. What dopes they are! Yes, like the
bureaucratic plutocracy americans the communist Chinese whose success is
measured in capitalistic terms are getting dumber and dumber like ‘their
american fiances’. ] Has China single handedly destroyed the U.S. job
market? [Not china, but rather those geniuses at the cia, nsa, corporate execs,
the bushes/poppy-san the former communist Chinese ambassador and that strategic
‘engagement’ thing. Wake up … smell the b***s***, not roses! ]
Rep.
Waters to tea party: ‘Go straight to hell’ (Washington Post) [
Drudgereport: SANTORUM:
'maxine waters is vile' [ she’s worse than that, and a total embarassment for
america and california particularly! ] ...
Maxine
Waters: 'The tea party can go straight to hell'...
Tea
Party fires back...
MORGAN
FREEMAN TELLS OBAMA TO 'GET PISSED OFF' [ sounds like a plan … ****** to ******
… the ****** plan! ] ...
Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job...
Philadelphia
extends curfew after flash mobs [ new u.s. Christmas carol – ‘america’s
beginning to look a lot like sub-saharan africa, everywhere you go’ . They are
beasts of burden at most who are a burden to most at best … you’ll never change them … Think about all
those costly ‘make-work’ jobs that serve no real economic purpose; ie.,
federal, state, local, uspostal service, etc.. And, they can’t even do those
jobs reliably, efficiently, effectively which is a drag on civilized society! ]
...
Details
of Obama’s jobs plan emerge President is thinking about proposing tax cuts
for companies that hire workers, new spending for roads and construction, and
other measures that target the long-term unemployed, administration officials
say. (Washington Post) [ Oh come on!
Too little, too late for ‘wobama the b’ (for b***s***), the eternal
campaign(er) … he’s got a ‘good rap’ … that rapper ‘wobama the b’ (for
b***s***). Really! He’s a total
embarrassment out there on the campaign trail; and just as much an
embarrassment for those who turn out to see him … maybe he’s somewhat of an
allure as in a freak show. He’s a total joke! To be finally talking jobs and
things just before the election having broken previous campaign promises in his
failed role as ‘bush failure 3’. Even his pension is undeserved so much a fraud
is he! Black
caucus: Tired of making excuses for Obama [ They are not alone! ] Washington
Examiner | A key member of
the Congressional Black Caucus says they don’t pressure President Obama because
he is loved by black voters. Obama ‘Takes More Vacations Than Any Human Being I’ve
Ever Seen’ Fox News | “Here we have a country that really is going
to hell in a handbasket.” Bus Tour Bust: Obama’s Approval Plummets Back Into 30s,
Says Gallup CNS News | Obama’s politically charged but taxpayer
funded bus tour through the Midwest turned into a bust yesterday. Disapproval of Congress Hits All Time High of 84% Paul
Joseph Watson | Americans are more upset with political leadership than ever
before.
Drudgereport: BLACK CAUCUS ON OBAMA: 'WE'RE GETTING TIRED' [ Not as
tired of wobama’s b***s*** / excuses as the ‘White Caucus’ and any other Caucus
– but, don’t be taken in by their b***s***; they’ll ‘back the black’ every
time, regardless! ]New low of 26% approve of Obama on economy...
Inflation
builds...
FOOD
PRICES RISING...
UNEMPLOYMENT
UP...
OBAMA
TO LAY OUT JOBS PLAN -- AFTER VACATION...
'Takes
More Vacations Than Any Human Being I've Ever Seen'...
Commiserates
with jobless, then off to the Vineyard...
Even
that italian, belafonte, isn’t buying ‘wobama brand(ed)’:
Drudgereport: HARRY
BELAFONTE: Obama 'has failed'...
NOONAN:
'HE IS A LOSER'...
GALLUP:
40% APPROVAL...
Obama
takes debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most importantly, realize that if
wobama’s actions had not belied his words/campaign promises, the nation’s
position, though still ominous, would have been substantially improved.
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama
has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial
fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
European
bank continues bond-buying It has become the region’s “last resort”
investor as it tries to keep a lid on the rates paid by Italy, Spain. (Washington Post) [ Nothing succeeds quite
like failure in the ‘new west’. From people-killing, nation-bankrupting,
nation-destroying perma wars to QE’s to gimmicks to ‘warp speed’ currency
printing presses, the lock-step rush for the abyss like lemmings they’ve
become. Never mind that across the board, such as the aforementioned has
actually exacerbated the crisis / problems they were supposedly meant to solve.
This truly has become a ubiquitous scenario of the blind leading the blind;
with the blindest of all, viz., pervasively corrupt – defacto bankrupt america,
leading the charge (no pun intended – though their credit bears mentioning - 8
More Reasons Why You Should Be Deeply Concerned That The U.S. Government Has
Lost Its AAA Credit Rating The Economic Collapse ‘…
#8 The U.S.
national debt continues to get worse by the day. Just check out
what economics
professor Laurence J. Kotlikoff recently told NPR….“If you add up
all the promises that have been made for spending obligations, including
defense expenditures, and you subtract all the taxes that we expect to collect,
the difference is $211 trillion. That’s the fiscal gap” ..’ Why
You Shouldn't Buy Into This Plunge Forbes/O'Neil‘The market is
building momentum to the downside’). ! Italy
unveils plan to calm fears of escalating crisis (WP) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still got problems. Europe’s
debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close
call! There you go. Nothing to worry about now that wobama’s got a boehner … so
not to be so hard on them; if pelosi says it, it must be true … Not! …Pervasively
corrupt, defacto bankrupt america, they, she look pretty greecey to me. After
all, if the same’s wobama’s ‘far-reaching plan on debt’, we all know ‘wobama
the b’ (for b***s***) is total b***s*** which means like Greecey PIIGS they’ll
be back to the trough for more … slop … py.
Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for
unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion,
PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while
other estimates exceed $100 trillion (these amounts are insurmountable) …’ ]
As
investors panic, CEOs vote with their wallets for local companies August
has seen a historic uptick in the number of corporate insiders buying shares of
their companies. (Washington Post) [ I’m now sorry I didn’t save the article
that spoke to this recent phenomena as being contraindicated and not a good
sign but rather merely a function of some recent fine print in new compensation
plans constrained by current and expected poor financial / economic results.
Indeed, of greater import is as pointed out by Navin just months ago: Stock
Market: 4 Current Warning Signs
Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher. Yes,
it’s normal for insiders to be selling some of their stocks so they can buy new
yachts and some of this is pre-planned. But that ratio — which has spiked
recently — is extraordinarily high, one might even say off-the-chart‘ The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed! Train
Reading: The Stock Market Is Insane The Wall Street Journal , Accounting
Gimmics Resurface as Growth Flounders at TheStreet ‘Rebekah
Smith, director of financial advisory services at
accounting and consulting firm GBQ consulting, says accounting tricks and
schemes are likely to start unraveling as we head into 2012 and the lag effect
catches up. "The typical accounting fraud goes on for about 18 to 26
months before it is uncovered. The frauds that took place in 2009 are not going
to surface until later in 2011 or into 2012." ‘ , Morgan
Stanley Biggest Welfare Recipient as Federal Reserve Lent Banks $1.2 Trillion
During Financial Crisis Wall St. Cheat Sheet , Minyanville's
T3 Daily Recap: Market Gives Back Weekend Gains Amid US Bank Woes at
Minyanville’ , Social
Security disability on verge of insolvency , 8-19-11 Welcome
To The New Bear Market For Stocks
Forbes / Suttmeier
, Dow/Gold
Ratio Lowest Since 1987 Crash Forbes /
Adrian Ash , Ignore
Buffett's Advice, Don't Buy Stocks Forbes / Dohmen , The
"Crimes" That Wrecked The Markets Forbes / Lenzner , Tech
Leading Market Lower The Wall Street Journal , Banks
closed in Fla, Ga, Ill; 2011 total is 68 , No
Recession Coming ... It's Already Here Previous:8-18-11 Stocks rally off lows to suck
suckers in and keep suckers sucked in on bad news (Jobless
Claims, Inflation Rise More Than Expected CNBC) , fraud ( SEC destroyed documents, senator says Crimes
Wrecked The Markets ),
and b***s*** alone! MKM
Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows
Barrons.com, WHY NEW
LOWS ARE LIKELY 8-18-11 Maierhofer, Is
It 2008 Again? Looking at the Summer Crash of 2011 Gayed ‘A
real bear market
has begun …’ ,
Abandon Ship?[The USS Titanic] Yes,
Because of These 5 Bearish Icebergs ... McGill , There's
A Recession Coming According To The Data at Forbes , HP, Dell
hammered as tech-spending outlook darkens JDSU, NetApp, disappointing figures, shares hit hard in
after-hours trade
Dell braces investors for a bumpy road Dell makes a case on
why it can better weather an upcoming storm
, S&P
says sell Google's shares after Motorola deal , STOCKS
FALL AFTER FLOOD OF BAD NEWS: Here's What You Need To Know Joe Weisenthal , Stocks
Slip On Concern Over Europe's Debt, U.S. Data , Watch
Out: 2011 Looks A Lot Like The Market Top In 2007
Sean Hanlon Take
A Lesson From 2007 And Sell Stocks Now at Forbes, [video]
Trader: We Could Test 1120 Lows at TheStreet.com In
a Downtrend, Sell a Rally (Daily FX) Latest:
Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence
Oil
prices and Gaddafi’s potential fall? Any new Libyan government will need
crude revenues, but analysts warn against premature optimism. (Washington Post)
[ Premature optimism? How ‘bout total unreality owing to the over-printed, ever
more worthless so-called reserve currency, viz., the ‘dollar’. The ‘dow / gold’
ratio is illustrative of this reality-based problem which extends as well to
those heavily commissioned / traded paper shares. A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582 (8-22-11/now 10885).
Therefore, the index has gained 11% (8-22-11/now lost 10+%) in the last ten
years…’ Yet, the inflationary dollar (declining) debasement rate was 31%.
(-31%) {See the inflation calculator infra – and that’s just the government
(inflation) numbers … reality is much worse!} Meanwhile, the frauds on wall
street are churnin’ and earnin’ like never before at lightning computerized
speeds enabling the high-frequency trades that are commissioned in unprecedented
large volumes; a big net negative in real economic terms.] Just another gimmick
/ diversion / obfuscation: The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed! Train
Reading: The Stock Market Is Insane The Wall Street Journal , Accounting
Gimmics Resurface as Growth Flounders at TheStreet ‘Rebekah
Smith, director of financial advisory services at
accounting and consulting firm GBQ consulting, says accounting tricks and
schemes are likely to start unraveling as we head into 2012 and the lag effect
catches up. "The typical accounting fraud goes on for about 18 to 26
months before it is uncovered. The frauds that took place in 2009 are not going
to surface until later in 2011 or into 2012." ‘ , Morgan
Stanley Biggest Welfare Recipient as Federal Reserve Lent Banks $1.2 Trillion
During Financial Crisis Wall St. Cheat Sheet , Minyanville's
T3 Daily Recap: Market Gives Back Weekend Gains Amid US Bank Woes at
Minyanville’ , Social
Security disability on verge of insolvency While
Washington Fiddled The Economy Burned at Forbes http://www.albertpeia.com/inflationcalculator.htm http://www.albertpeia.com/wobamavoters.gif
Ahamed:
What is the market really telling us? (Washington Post) [ Whatever it is, it ain’t good! Indeed, ‘the
market’ in terms of communicating anything must fall within the ambit of the
term ‘brain-damaged’ at best, insane at worst, with all the concomitant
disabilities attendant thereto, including a penchant for criminal, fraudulent
activities to obfuscate in self-interested fashion the damage attendant to
their criminally insane, brain-damaged condition for their own gain to almost
everyone else’s detriment. ‘THE STOCK
MARKET HAS LOST ITS MIND — Bethany McLean in Slate Risk On! Do
the Fed, computer trading, and a few hedge funds rule the market? That might
explain why it's lost its mind. After the madness of last week and the
rollercoaster at the beginning of this week, the stock market recovered from
its Aug. 10 rout to bounce 423 points on Aug. 11. It was the fourth day in a
row in which the index moved by more than 400 points, which has never happened
before in history. As I write this, stock prices are leveling off, but the big
swings may not be over. Has the market gone mad? Actually, yes....’
Dow
jumps 4 percent as markets rebound A volatile day on Wall Street ends with
a last-minute rally that pared some of Monday’s historic losses and shrugged
off an uncertain outlook from the Fed.
(Washington Post) [ ‘Shrugged off’? So that’s what those lightning fast
computer manipulated buy programs are for. Who woulda’ thunk it? After all, it’s
not as if ‘Atlas Shrugged’ in this decimated, collapsing economy of this
pervasively corrupt, defacto bankrupt american nation / economy. Oh pshaw …
that was just fiction; ask former ‘objectivist’ Ayn Rand afficionado ‘senile
alan greenspun’ who recommends gettin’ those Weimar dollar printing presses
rollin’ at warp speed which has in large part helped to get the nation rollin’
to this forlorn point. Well, ‘senile alan greenspun’ can always say he was
really meant to be that ‘cobol programmer’ that he was and was meant to
be. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! What changed from yesterday
which warranted a more than 600 point plunge with paper stocks still
over-valued and a 545 bounce off of afternoon lows? Nothing! Absolutely
nothing, yet a manipulated computer-programmed churn-and-earn suckers’ rally
based on fraud and b***s*** alone to keep suckers suckered, which makes for an
especially great opportunity to sell / take profits since there’s much, much
worse to come! Famed economist predicts economic calamity in 2012. See the
evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com)
AAII
Sentiment Survey: Investors Remain Averse to Stocks Wall St. Cheat
Sheet
Train
Reading: The Insider-Buying Lie - Mark Gongloff
Not all
insider buying is created equal — Reformed Broker
Is there
enough money to save the world’s banks? — Jonathan Weil at Bloomberg
Warren Buffett
is issuing bonds and buying stocks — Fortune
US births
declined in 2010 — Calculated Risk
Efficient
markets in action — Paul Krugman
Consumers now
need Treasury approval on all purchases over $50 — The Onion
Report:
Mutual Fund Outflows In July Most Since End Of 2008 at
Barrons.com
Is
debt downgrade an alarm bell for U.S.? (Washington Post) [ Do
bears s*** in the woods? Is the Pope Catholic? Is this question some kind of a
joke? I mean, duh! Ya think? I mean, if it isn’t, what could be? After all,
this was long in the making and the pressures applied to preclude this long overdue
downgrade were substantial. Yet, this mild slap on the wrist was at once,
charitable and a gift inasmuch as reality warrants far worse. 8 More Reasons Why You Should Be Deeply Concerned That
The U.S. Government Has Lost Its AAA Credit Rating The Economic
Collapse ‘… #8 The U.S. national debt continues to get worse
by the day. Just check out what economics
professor Laurence J. Kotlikoff recently told NPR….“If you add up
all the promises that have been made for spending obligations, including
defense expenditures, and you subtract all the taxes that we expect to collect,
the difference is $211 trillion. That’s the fiscal gap” ..’
Previous: Is this some parallel universe where
unfounded criticism is levied at S&P for the downgrade when they’ve
actually cut the pervasively corrupt, defacto bankrupt disunited states a break
by not rating what america truly is; viz., junk status for the paper /
liabilities / obligations that cannot and will not be paid (or the equivalent
vis-à-vis what would be in worse than evermore worthless Weimar dollars or some
other ‘ponzi-like’ subterfuge, obfuscation). The amounts are insurmountable
going forward. They point to Moody’s and Fitch; yet, let’s not kid ourselves, S&P
is the ‘800 pound gorilla’ in this world among rating agencies and moody’s,
fitch have substantially diminished themselves as entities consistent with
their ‘mission and purpose’ and as well, their credibility. I mean, come on!
Consider the pressure that was and continues to be applied. Moody’s and fitch,
quite frankly, folded. China’s rating agency has already downgraded u.s. paper
and they’re ‘holding’ (huge amounts of that u.s. junk); and hence, against
their own interest. Wake up!
Stock
markets rally on jobs report In
fourth day of wild swings, markets surge amid mixed signals about direction of
U.S. economy. (Washington Post) [ The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! This an especially great
opportunity to sell / take profits, particularly if you missed Tuesday or May,
since there’s much, much worse to come! Thursday, Aug.11, 2011: what
changed from yesterday which warranted a more than 500 point plunge with paper
stocks still over-valued? Well, some bad news labeled as better than expected
1) 7,000 fewer jobless claims than expected (just a little over 1% better even
if you believe them – I don’t) 2) Cisco shows results ‘better than expected’ 3)
Record monthly trade deficit [ What
Recovery? Forbes ‘we can’t call this a recovery. There’s
no reason to celebrate when a job report was better than expected. Why? Because
the expectation was abysmal to begin with.’ ‘Cisco Systems Inc’s quarterly results edged past Wall Street’s scaled-back
expectations ...“They beat a low bar. A lot of it is coming from cost
cutting, which we anticipated. In that sense it’s a relief,” Joanna Makris of
Mizuho Securities USA told Reuters. ‘Cisco, which depends on government
spending for about a fifth of its revenue, said in July it would cut 15 percent of its workforce and sell
a set-top box factory in Mexico.. Cisco bulls may underestimate tough road
ahead Randewich.’ ]
World
Bank warns against future economic hardship Press TV |
Zoellick pointed out that the world is now involved in redesigning the
international financial system.
The
World’s Money Is Draining Away … Where’s It Going? Washington’s Blog | All
of the monetary and economic policy of the last 3 years has helped the
wealthiest and penalized everyone else.
Both
Consumer Confidence And The Labor Participation Rate Are At A 30 Year Low …
That’s Not A Coincidence Washington’s Blog | A new poll from Thomson
Reuters and University of Michigan shows that consumer confidence is the lowest
its been for 30 years.
NATIONAL / WORLD
Legendary
Investor Jeremy Grantham: America is a Banana Republic Washington’s
Blog | Just different bananas perhaps? [ Of course this is absolutely
true! And not just from the meaningfully lawless perspective – I had made such
a statement on the record in a LA Superior Court Appellate Dept. proceeding in
which said court literally ignored the law (the same is true of the costly, plushly
accoutered lifetime appointee federal courts) which courts should indeed be
abolished in these difficult economic / budgetary times. Additionally, from
pervasive corruption, to debased over-printed currency, to gunboat diplomacy,
to total incompetence, etc., america is indeed a banana republic at most.]
Poll: Obama
Approval Hits Lowest Ever Rasmussen | Only 19% of the
nation’s voters Strongly Approve of Obama’s performance as president.
Obama poll numbers on economy hit new low AFP
| The respected Gallup organization’s findings showed the embattled president
down 11 points since mid-May.
GALLUP:
Americans satisfied with ‘the way things are going’ — 11%! Gallup
| Americans’ satisfaction with the way things are going in the United States
has fallen back to 11%.
DHS “Cyber Security” Propaganda for College Students Kurt Nimmo | Federal government plans to indoctrinate college
students to internet dangers hyped by corporate media.
Al-Qaeda Army Seizes Control of Tripoli Paul Joseph Watson | Militants led by terrorist kingpin who fought
against U.S. troops in Afghanistan occupy Gaddafi compounds.
Pentagon Beta Tests Tighter Military Control of Disaster
Response Kurt Nimmo |
Pentagon exploits storm in beta test for roll-out of next phase of the police
state.
The
China Deception Jeff Orr | It’s
all about money and banking.
Dick Cheney: One Year As a Walking Zombie Paul Joseph Watson & Alex Jones | Former VP marks anniversary as
member of the living dead.
Secret vaccine industry ties and military involvement
with Institute of Medicine Mike
Adams | Vaccines have become a military agenda against the
People.
Al Gore Plays The Race Card, But He’s The Real Racist Paul Joseph Watson | Soaring food prices caused by ethanol production –
funded by Gore – are killing poor black people.
Ron Paul: Why We Don’t Need FEMA Fox News Sunday | Ron Paul explains why FEMA is a failure of central
economic planning.
Since 9/11, nearly half of all Pentagon contracts awarded
without competition Raw Story | Nearly half of the $300 billion of taxpayer money the DoD spent on projects
in 2010 was awarded for no-bid contracts.
Is Apple Evil?
Paul Joseph Watson & Alex Jones | Ethical grandstanding fails to
hide transhumanist, oppressive background of technology giant. [ If I hadn’t
experienced censorship at the hands of alex jones et als (inveterate hypocrites
who are constantly ranting about censorship and being cut off from mainstream
news) I’d be reluctant to write as follows since I do feel what they do to be
important in providing access to otherwise inaccessible news / data and I am as
such compelled to include links to their news on my site. That said, clearly
Jones et als must have too much time on their hands in ‘mentally masturbating’
over what they deem to be a slight by Apple on the human race. How pathetic
they truly are! Forever defending indefensible human, and particularly
american, traits from deserved, just criticism, slights; particularly
concerning the inherent criminal nature of same. I must say, reiterate, they
really are pathetic; and, in paranoid fashion, they are continually hearing the
footsteps of reality creeping up behind them. Indeed, a reality that precludes
them from that proverbial ‘good look in the mirror’. In any event, not to worry
about irrelevancies, things that don’t matter: Drudgereport: NASA REPORT: Aliens may
destroy humanity to protect other civilizations … [ Naah! Really don’t have to
.. confined to this solar system, by hand of God or man, we’re only talking
decades at most ] ... ]
Play It
Again Sam: Dave's Daily [ As
always, Dave is spot-on as an astute, knowledgeable, seasoned veteran of the
markets. ] ‘ In our little
village in New Hampshire (call it Whoville) there's a summer stock playhouse a
block or so from us. They have many good plays but no matter the production or
quality, they can't top Wall Street from delivering great performances.
Thursday was another great show starring Jobless Claims, Warren Buffet, HAL
9000s, Steve Jobs and, of course, Da Boyz running the CRIMEX (COMEX and CME) on
precious metals options expiration.
The spin on
Jobless Claims data was prior claims were adjusted higher making recent higher
claims look not so bad especially when you add Verizon workers.
Warren Buffett
entered from stage left with a $5 billion investment in Bank of America (BAC)
giving him 6% interest tax-free (a "coddled" billionaire?) and making
he and Berkshire (BRK) a new TARP program.
The HAL 9000s
have been doing business as HFTs (High Frequency Traders) launching many buy or
sell programs using complex algorithms which can drive prices on indexes higher
or lower in dramatic fashion. One of their great acts is called "quote
stuffing". It's another illegal activity which the SEC hasn't quite
figured out. It's as futile for them as the illegal fee-driven recent
end-of-quarter price jam-job. One of these actions was featured courtesy of our
friends at Zero
Hedge and depicted below as it occurred Thursday afternoon. The first chart
features the quotes per second (NOTE: one instance exceeding 800 quotes per
second). The next chart shows the market's simultaneous reaction.
http://www.thestreet.com/tsc/daves/082511/image002.jpg
Steve Jobs
sadly is retiring from his leading role as Apple (AAPL) CEO but the stock hardly budged given the
products and brand are already well-known and his retirement was much
anticipated.
Last, but not
least certainly, was the performance of Da Boyz production of gold price
manipulation. The first bear raid occurred Tuesday as The Shanghai Gold
Exchange raised margins putting pressure on prices Wednesday in the U.S. Not so
secretly evidently, Da Boyz met in Chicago and determined to raise gold margins
after the close of trading on Wednesday--this being
done with prices already down $100. This action was obviously leaked to those
in the options pits and the impact enhanced with options expiration Thursday.
So we gapped down lower with this event no doubt triggering more stops. This
made the strike price hunt down profitable for those on the floor. Once those
cleared we rallied back and closed slightly higher on the day.
http://www.thestreet.com/tsc/daves/082511/image003.jpg
Meanwhile,
back at Wall & Broad stocks fell sharply because evidently there's some
concern Ben will do nothing in launching another round of QE from Jackson Hole.
Bond prices were higher as was the dollar while commodity prices overall were
mixed.
Volume was
higher once again on selling and breadth per the WSJ was quite negative putting
more life back into the roller coaster ride…’
‘Play it again Sam’
http://www.phrases.org.uk/meanings/284700.html ‘ORIGIN
Bogart's supposed line from Casablanca. This is well-known as one of the most widely
misquoted lines from films. The actual line in the film is 'Play it, Sam'.
Something approaching 'Play it again, Sam' is first said in the film by Ilsa
Lund (Ingrid Bergman) in an exchange with the piano player 'Sam' (Dooley
Wilson):
Ilsa: Play it once, Sam. For old
times' sake.
Sam: I don't know what you mean, Miss Ilsa.
Ilsa: Play it, Sam. Play "As Time Goes By."
Sam: Oh, I can't remember it, Miss Ilsa. I'm a little rusty on it.
Ilsa: I'll hum it for you. Da-dy-da-dy-da-dum, da-dy-da-dee-da-dum...
Ilsa: Sing it, Sam.
The line is usually associated with Humphrey Bogart
and later in the film his character Rick Blaine has a similar exchange,
although his line is simply 'Play it':
Rick: You know what I want to hear.
Sam: No, I don't.
Rick: You played it for her, you can play it for me!
Sam: Well, I don't think I can remember...
Rick: If she can stand it, I can! Play it! ‘
Facebook
"Places" List Signals Decline of Western Civilization at
Minyanville Justin Rohrlich ‘Okay, it's official: the United
States is pathetic … From Mashable
comes the first set of Facebook-supplied data
regarding where their users "check in"...and it ain't pretty:
1.
Starbucks
2. Buffalo Wild Wings
3. Chili’s
4. Applebee’s
5. McDonald’s
6. IHOP
7. Denny’s
8. Olive Garden
9. T.G.I. Friday’s
10. The Cheesecake Factory
Yep, that's where we stand these days -- of the 157 million Facebook users in
the United States, these are the ten locations they frequent most. Not the
restaurants they frequent most. The PLACES they frequent most. If that doesn't
signal America's imminent decline, maybe the Pennsylvania middle school
principal who is bringing
his sheep to work because lawnmowers are breaking the budget, will. Just
askin'. ‘
Buchanan:
The view from Martha's Vineyard... Patrick J. Buchanan ‘As he and his daughters bicycle
around the summer playground of the Northeastern elite, Martha's Vineyard, President
Obama is steadily bleeding away both the support of the nation and that of his
most loyal constituency. Several times, his approval rating in Gallup's daily
tracking poll has sunk to 39 percent, with disapproval reaching 54 percent.
Support for his handling of the economy has dipped to the mid-20s. Only 11 percent of
Americans, says Gallup, are satisfied with the way things are going. Unemployment remains at 9 percent, as it has for two
years. The Dow has lately lost 2,000 points, or $3 trillion in wealth wiped
out. All that money the Fed pumped out is now being reflected not only in the
price of gold, silver and Swiss francs, but in rising consumer prices –
inflation. One in five U.S. children is living in poverty.
Middle
America, some time ago, decided the "hopey, changey thing" was not
working out for them. Now the patience of African-Americans with a president
for whom they voted 24 to one is wearing thin.
At a Black
Caucus confab in Detroit, Rep. Maxine Waters told an angry audience that if and
when Black America demands that they confront Obama, the caucus is ready
"to have the conversation."
A collision
between Obama and his base seems inevitable. For Black America's situation,
though tough today, seems certain to get tougher. Why?
First, black
Americans held a significant share of the subprime mortgages that went sour
when housing prices went south, and are thus overrepresented among those who
lost homes.
Second, black
Americans, with a higher rate of poverty, depend more on the entitlement and
social programs that Obama cannot avoid hoisting onto the chopping block in any
"balanced" plan for dealing with the deficit-debt crisis.
Third,
African-Americans are overrepresented among the 22 million who work for local,
state and federal governments. And while government workers came out best in
terms of job security and salary hikes in the stimulus days of 2009 and 2010, in
the austerity days of 2011, they are getting their fair share of pink slips. It
is almost a truism: Whenever Middle America goes into recession, Black America
flirts with depression.
Consider the
U.S. Postal Service, with 600,000 employees, running a deficit of $8.5 billion
and facing layoffs of 120,000. According to William Burrus, ex-president of the
Postal Workers Union, 21 percent of all postal employees are black. When the
cuts come, minorities will take a big hit.
That
African-Americans favor a powerful federal government is understandable. After
all, it was the federal government that crushed the Confederacy, freed the
slaves, sent troops to integrate the South, enacted the civil rights laws,
imposed affirmative action on companies and colleges, and created the Great
Society that provided trillions in wealth transfers and welfare benefits and employs a share of the black population
that is nearly twice its representation in the labor force.
That
African-Americans would see states' rights conservatives and small-government
Republicans as hostile to the one powerful institution most friendly to them
should come as a no surprise.
Here we come
to Barack's dilemma.
The nation he
leads is facing a deficit-debt crisis that comes of an inescapable truth:
Whether we are talking about commitments to go to war to defend scores of
nations or commitments to entitlement and Great Society programs such as Social
Security, Medicare, Medicaid, earned income tax credits, food stamps and
Pell grants, we Americans have handed out promissory notes we no longer have
the means to meet.
We can no
longer deliver what we have promised.
We are running
deficits of 10 percent of gross domestic product with a national debt over 100
percent. We are on the path that Italy is following, which is the path that
Greece pursued.
We are an
overextended empire and commonwealth facing strategic and fiscal bankruptcy. If
Obama is to lead the nation out of the crisis it confronts, he has to preside
over a downsizing of the welfare-warfare state – the same state that sustains
his base.
Not to worry,
we are told. When the lazy days of summer are over, Obama will present Congress
with his big plan for resurrecting the economy and ensuring the long-term
solvency of the nation.
Obama's
September program – indeed, any credible plan to revive the economy and bring
our books into balance – has to include a rollback of U.S.
commitments at home and abroad.
Yet,
domestically, this cannot be done without reducing future Social Security, Medicare and Medicaid benefits, and cutting and capping
the social programs of the Great Society. Moreover, half the nation cannot
freeload forever, as is the case today, contributing nary a dime in federal income taxes.
And such
reforms must adversely impact most Obama's political and personal base.
If he proposes
new taxes, tea-party Republicans fix bayonets.
If he proposes
downsizing the government and cutting and capping social programs, his most
loyal constituents rise up against him.
Enjoy
the Vineyard, Mr. President. Read more: The view from Martha's Vineyard http://www.wnd.com/index.php?fa=PAGE.view&pageId=335265#ixzz1VQWOeKDx
‘
Putin
sets sights on Eurasian economic union FT | Putin hopes to
build a “quasi-European Union” out of former Soviet states.
Cracked Fukushima: Radioactive steam escapes danger zone RT
| Workers at Japan’s Fukushima plant say the ground under the facility is
cracking and radioactive steam is escaping through the cracks.
Obama ‘Takes More Vacations Than Any Human Being I’ve
Ever Seen’ Fox News | “Here we have a country that really is going
to hell in a handbasket.”
Perry Apes Ron Paul in Attack on Fed Cartel Kurt
Nimmo | If Perry becomes president, his pretend opposition to the Fed
will evaporate faster than Obama’s promise to bring the troops home.
Details
of Obama’s jobs plan emerge President is thinking about proposing tax cuts
for companies that hire workers, new spending for roads and construction, and
other measures that target the long-term unemployed, administration officials
say. (Washington Post) [ Oh come on!
Too little, too late for ‘wobama the b’ (for b***s***), the eternal
campaign(er) … he’s got a ‘good rap’ … that rapper ‘wobama the b’ (for b***s***). Really! He’s a total embarrassment out there
on the campaign trail; and just as much an embarrassment for those who turn out
to see him … maybe he’s somewhat of an allure as in a freak show. He’s a total
joke! To be finally talking jobs and things just before the election having
broken previous campaign promises in his failed role as ‘bush failure 3’. Even
his pension is undeserved so much a fraud is he! Black
caucus: Tired of making excuses for Obama [ They are not alone! ] Washington
Examiner | A key member of the Congressional Black Caucus says they
don’t pressure President Obama because he is loved by black voters. Obama ‘Takes More Vacations Than Any Human Being I’ve
Ever Seen’ Fox News | “Here we have a country that really is going
to hell in a handbasket.” Bus Tour Bust: Obama’s Approval Plummets Back Into 30s,
Says Gallup CNS News | Obama’s politically charged but taxpayer
funded bus tour through the Midwest turned into a bust yesterday. Disapproval of Congress Hits All Time High of 84% Paul
Joseph Watson | Americans are more upset with political leadership than ever
before.
Drudgereport: BLACK CAUCUS ON OBAMA: 'WE'RE GETTING TIRED' [ Not as
tired of wobama’s b***s*** / excuses as the ‘White Caucus’ and any other Caucus
– but, don’t be taken in by their b***s***; they’ll ‘back the black’ every
time, regardless! ]New low of 26% approve of Obama on economy...
Inflation
builds...
FOOD
PRICES RISING...
UNEMPLOYMENT
UP...
OBAMA
TO LAY OUT JOBS PLAN -- AFTER VACATION...
'Takes
More Vacations Than Any Human Being I've Ever Seen'...
Commiserates
with jobless, then off to the Vineyard...
Even
that italian, belafonte, isn’t buying ‘wobama brand(ed)’:
Drudgereport: HARRY
BELAFONTE: Obama 'has failed'...
NOONAN:
'HE IS A LOSER'...
GALLUP:
40% APPROVAL...
Obama
takes debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most importantly, realize that if
wobama’s actions had not belied his words/campaign promises, the nation’s
position, though still ominous, would have been substantially improved.
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama
has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP |
Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
SEC
accused of destroying files Former agency official says SEC violated
federal law by destroying records of enforcement cases in which it decided not
to file charges. (Washington Post) [ Duh, ya think? The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! SEC destroyed documents,
senator says 17 Aug 2011 ‘The Securities and Exchange Commission
may have destroyed documents and compromised enforcement case ... Grassley:
Agency may have got rid of Goldman, Madoff documents Ronald D. Orol,
MarketWatch WASHINGTON (MarketWatch) — The Securities and Exchange Commission
may have destroyed documents and compromised enforcement cases involving
activity at large banks and hedge funds during the height of the financial
crisis in 2008, according to allegations made by a lawmaker on Wednesday. “From
what I’ve seen, it looks as if the SEC might have sanctioned some level of
case-related document destruction,” said Sen. Chuck Grassley, Republican of
Iowa, in a letter to the agency’s chairman, Mary Schapiro. Sen. Chuck Grassley “It doesn’t make sense that an agency responsible for
investigations would want to get rid of potential evidence. If these charges
are true, the agency needs to explain why it destroyed documents, how many
documents it destroyed over what timeframe, and to what extent its actions were
consistent with the law.” Agency staff “destroyed over 9,000 files” related to
preliminary agency investigations, according to a letter sent in July to
Grassley, the top Republican on the Senate Judiciary Committee, and obtained by
MarketWatch. The allegations were made by SEC enforcement attorney, Darcy
Flynn, in a letter to Grassley. Flynn is a current employee, and according to
the letter, received a bonus for his past year’s work. Flynn alleges the SEC
destroyed files related to matters being examined in important cases such as
Bernard Madoff and a $50 billion Ponzi scheme he operated as well as an investigation
involving Goldman Sachs Group Inc. GS +0.33%
trading in American International Group credit-default swaps in 2009. Flynn
also alleged that the agency destroyed documents and information collected for
preliminary investigations at Wells Fargo & Co. WFC +1.34% ,
Bank of America Corp. BAC +0.81% ,
Citigroup C +0.13% ,
Credit Suisse CS +0.38% ,
Deutsche Bank DB +0.79% Morgan
Stanley MS -0.06% and
the now-bankrupt Lehman Brothers. The letter goes into particular detail about
Deutsche Bank, the former employer of current SEC enforcement chief Robert
Khuzami as well as former enforcement chiefs Gary Lynch and Richard Walker…’
Sen. Chuck Grassley “It doesn’t make
sense that an agency responsible for investigations would want to get rid of
potential evidence…’ [ Oh but it does make sense Sen. Grassley: Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ]
Carlyle
in diversification flurry Carlyle is expected to announce $40 million in
energy investments, capping a two-week flurry of deals. (Washington Post) [ Yeah! You’d expect that
from the likes of them; you know, a ’flurry’ so close to the election; quid pro
quos, bribes and things … Flashback: Carlyle
picks underwriters for IPO
(Washington Post) [ Clearly part of the problem. ‘Cashing out’ while the
‘goin’s good’, gettin' out while the gettin’s good? Well what else is wall street
for? Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed… an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘
‘Albert Edwards: Thinks the Market Could Fall 70%’ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Previous: Carlyle
Group planning IPO (Washington Post) [
Come on! Mr. Heath makes this sound like an almost public service
endeavor to serve the public interest in some vague, nondescript fashion (What
of real value do they do? … kind of like the fraudulent wall street
high-frequency trading churn-and-earn … Nothing! … Like parasitic termites
eating away at the foundation of the nation); poppy’s estate plan is maximized,
along with the other principal’s financial interests by cashing out through
this ‘public offering / scam’ as for the most part, this era of their ‘jig is
up’ . Meet The Carlyle Group - Former World Leaders and
Washington ... How will President George W. Bush make a personal fortune from the War on Terror? The
old fashioned way. He'll inherit it; Meet the Carlyle Group.
www.hereinreality.com/carlyle.html
How will President George W.
Bush personally make million$, if not billion$ from the War on Terror? The easy
way. He'll inherit it.
Meet the Carlyle Group
Former World Leaders and
Washington Insiders Making Billions in the War on Terrorism
Bush Baker Carlucci
Darman Major Ramos
http://www.angelfire.com/indie/pearly/htmls/bush-carlyle.html Investment giant says it will likely sell
shares. Defense Secretary Robert M. Gates tours eastern Afghanistan, days before
the Obama administration is scheduled to complete a major review of its war
strategy. ]
Make
way for the ‘super bundlers’ The
2010 elections saw the rise of “Super PACs.” In 2012 it will be a new breed of
fundraisers. (Washington Post) [ ‘Super bundlers’? If Mr. Eggen had said
‘facilitators for the super bunglers’, I would have recognized what he meant.
But, ‘super bundlers’ immediately brings to mind another kind of fraud / scam,
viz., those ‘bundled’ toxic asset worthless paper securities things so
lucratively popularized by the frauds on wall street with the blessing of their
‘amen corner’ in Washington to the detriment of this and other nations and
particularly this nation’s taxpayers / middleclass who’ve been decimated. If he
had called them what they more realistically are, viz., visible slush funds for
those visible invisible quid pro quo / bribe schemes, welfare of the nation be
damned, I indeed would have known what I think he meant. Is
Obama’s fate written in numbers? Recent economic data amounts to a
formidable headwind for any incumbent president hoping for a second term. And
Democrats worry time is running out. (Washington Post) [ Let’s just say the
fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s
done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the
truth is he really screwed you’ … well you know that familiar theme and can ad
lib, insert your own words!
It’s
still Obama’s party Why he won’t face a primary challenge: Republicans and
racial politics. (Washington Post) [
It’s true … so right you are! Al Gore’s even pitchin’ in by donating the
talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a
song in wobama’s honor (kidding) which goes something like this , ‘It’s his
party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you
would cry too, if obama happened to you
… Well, there you go … if the song says
it it must be true. Yeah! And those dern republicans and their racial politics
… UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore
cases that involve black defendants and white victims' – Time to get whitey, at
last, at last, etc., say holder / wobama who go on to say ‘and they ain’t
talking about Whitey Bulger, the mobster, either!’
Postal Service seeking 20 percent staff cut EXCLUSIVE | In cost-cutting bid, USPS also proposes withdrawing employees from existing health and retirement plans and creating its own benefit programs. Congress would need to sign off. (Washington Post) [ I think it’s a great idea. Indeed, 50% would be substantially better. Even better yet, UPS should take over their entire operation. After all, UPS is well managed and efficient; and also, very reliable. On the other hand, the USPS is poorly managed, inefficient, and very unreliable: October 15, 2010 (*see infra {ultimately delivered by UPS})
SHARE
YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:
The following is my comment to an LA Times article regarding a Justice Department cover-up! As for your inquiry, all I think about day and night is a long overdue resolution to the RICO litigation as set forth therein:
ATF Chief Melson:Justice Department trying to shield officials (LATimes) Serrano
I
believe him!
I truly empathize with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real, complicit cover-up / fraud on the part of the federal government, et als:
October 15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).
The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as fbicorrespondencereyes.htm . With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth in the case, inter alia,
- A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
- Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
- Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
- Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
- Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being 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. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Sincerely and Regards,
Al Peia
In
euro crisis, signs of German fatigue
Politics keep the chancellor from putting full weight of Europe’s
largest economy behind a solution (Washington Post) [ Yeah … ‘square pegs in
round holes’ is definitely not Germany’s style. European
economies brace as Germany slows Discouraging news about the pace of growth
came just hours before German and French leaders called for new steps to impose
discipline on governments whose lax budget practices prompted the debt crisis.
(Washington Post) [ First, let’s call this economic scenario what it is; viz.,
the ‘d’ word … ‘depression’. For those who find that term unutterable, then
‘double-dip recession’ is the term for you. All the dollar debasement
(over-printing, etc.) for the benefit of the frauds on wall street et als to
the substantial detriment of everyone else can’t change and has exacerbated and
obfuscated this fact. Moreover, there has been a manipulated churn-and-earn
high-frequency trading bubble-bull cycle in what is unmistakably a secular bear
market. Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Europe’s
crisis and the psychology of fear (Washington Post) [ Given the reality and magnitude of Europe’s
problems going forward, dwarfed only by the magnitude of those of pervasively
corrupt, defacto bankrupt america, it brings to mind the words of the former
Intel CEO (co-founder) Andy Grove ‘ Only the paranoid survive’ (of course,
having survived the Nazis and escaped Communist-controlled Hungary in Europe,
as a jew, one has to assume his perspective / outlook was somewhat ‘skewed’
thereby). Yet, let’s not kid ourselves to the point where virtual survival is
threatened and at stake as is so for the EU. America
isn’t alone in the downgrade spiral (WP) Indeed, the EU has followed the contra-indicated perma war,
evermore worthless Weimar currency, and a predispositon / tacit acceptance of
paper securities schemes / scams / frauds which are integral to america’s
ongoing, albeit obfuscated, debacle / crisis which given the unfunded debt load
pegged at $211 Trillion among other estimates, is insurmountable and will end
quite badly. Poll:
Sharp dissatisfaction with D.C. The public doubts the government can fix
the nation’s economic problems, Post poll shows. An
unlikely landlord: Uncle Sam (WP) [
No surprise there (the doubts)! Uncle
Scam as landlord? Sounds like a typical scam / fiasco / debacle in the making!
Add limey (brits)-looking (green) frogs (french) to the mix(ed up) in the
pervasively corrupt defacto bankrupt disunited states Italy
unveils plan to calm fears of escalating crisis (WP) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still got problems. Europe’s
debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close
call! There you go. Nothing to worry about now that wobama’s got a boehner … so
not to be so hard on them; if pelosi says it, it must be true … Not!
…Pervasively corrupt, defacto bankrupt america, they, she look pretty greecey
to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’, we all
know ‘wobama the b’ (for b***s***) is total b***s*** which means like Greecey
PIIGS they’ll be back to the trough for more … slop … py. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for
unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion,
PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while
other estimates exceed $100 trillion (these amounts are insurmountable) …’ Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing
to political desperation! Why
You Shouldn't Buy Into This Plunge Forbes/O'Neil‘The market is
building momentum to the downside’. Wall Street
closes worst week since '08 with wild day NEW YORK (Reuters) S&P
on U.S. downgrade: Debt pact 'falls short' - Reuters S&P
downgrades US credit rating from AAA S&P
Shocks the U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat Sheet What
Recovery? Forbes
‘…we can’t call this a recovery. There’s no reason to celebrate when a
job report was better than expected. Why? Because the expectation was abysmal
to begin with. And while we’re at it, we can’t ignore increasing sovereign debt
problems in Europe…’ ‘Top
3 Reasons Markets Erased the Year’s Gains Wall St. Cheat Sheet 1) Japan and Europe 2) Unemployment.3)
Capital goods - billions of dollars in lost revenue. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To
Meltdown,
predicting the global crisis that occurred the following year. I
now see a similar confluence of events that warns of phase II of the
global crisis… My work shows that “the new recession has started.”… Over the
past 33 years, we have called the start of every recession, often on the exact
month, or within one month, of the official start as determined one year later
by the official arbiter of recession, the National Bureau of Economic Research
(NBER)… However, inflation is far understated for political reasons. Currently,
the GDP deflator is 1.8%, which hardly reflects the true rise in prices.
Therefore, what is counted as “growth,” is actually price increases. Actual
inflation, according to free market economists who calculate inflation as it
was done in 1980 before the politician re-engineered it, is now more than 11%.
Using that to adjust GDP for inflation, would show that the economy is now in a
very sharp contraction…’FLASHBACK HERE: Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher.
Will:
Is Britain a lost ally? (Washington
Post) [ How ‘bout just lost! And, while on the subject of lost, pervasively
corrupt, defacto bankrupt america should tell the so-called (self-interested to
america’s detriment) ‘ally’ israel to get lost!
David Starkey On UK Riots: ‘Whites Have Become Black’ You
Tube | “A particular sort of violent destructive, nihilistic gangster culture
has become the fashion.” [ Britain
burns the colour of 'A Clockwork Orange' Financial
Times [ Truly a great film by any cinematic standard by Stanley Kubrick based
on the book of the same name by Anthony Burgess, ‘A Clockwork Orange
takes place in a futuristic city governed by a repressive, totalitarian
super-State. In this society, ordinary citizens have fallen into a passive
stupor of complacency, blind to the insidious growth of a rampant, violent
youth culture. The protagonist of the story is Alex, a fifteen-year-old boy who
narrates in a teenage slang called nadsat, which incorporates elements
of Russian and Cockney English. Alex leads a small gang of teenage
criminals—Dim, Pete, and Georgie—through the streets, robbing and beating men
and raping women. Alex and his friends spend the rest of their time at the
Korova Milkbar, an establishment that serves milk laced with drugs, and a bar
called the Duke of New York… http://www.sparknotes.com/lit/clockworkorange/summary.html http://en.wikipedia.org/wiki/A_Clockwork_Orange_%28film%29 ‘A Clockwork Orange is a 1971
British darkly satirical science fiction film adaptation of Anthony
Burgess's 1962 novel of the same name. This cinematic
adaptation was produced, directed, and written by Stanley
Kubrick. It features disturbing, violent images, to facilitate social
commentary about psychiatry, youth gangs, and other contemporary social,
political, and economic subjects in a dystopian,
future Britain.Alex (Malcolm
McDowell), the main character is a charismatic, psychopathic delinquent
whose pleasures are classical music (especially Beethoven), rape, and so-called
'ultra-violence'. He leads a small gang of thugs (Pete, Georgie, and Dim), whom
he calls his droogs (from the Russian друг,
"friend", "buddy"). The film tells the horrific crime spree
of his gang, his capture, and attempted rehabilitation via a controversial
psychological conditioning technique. Alex narrates most of the film in Nadsat, a
fractured, contemporary adolescent slang comprising Slavic
(especially Russian), English, and Cockney rhyming slang.A Clockwork Orange
features a soundtrack comprising mostly classical music selections and Moog
synthesizer compositions by Walter
Carlos. The now-iconic poster of A Clockwork Orange, and its images,
were created by designer Bill Gold. The film also holds the Guinness World Record for being the first
film in media history to use the Dolby Sound system ‘ ]
Meyer:
Why aren’t Americans rioting? (Washington Post) [ It really is quite surprising inasmuch as
they’re getting quite a royal screwin’ from the so-called ‘powers that be’.
There might be a tinge of masochism coupled with a feeling of punishment-deserved
remorse in light of the overridingly inherent criminal nature of americans
generally, propelling them to wrongful acts for which they should be sorry,
based upon my own experience and direct observation. That said, I’d also say
‘give them time’, the worst is yet to come. Moreover, we’re already seeing it,
and not just in britain, greece, italy, etc., but here in the pervasively
corrupt, defacto bankrupt disunited states of america; viz., detroit, chicago,
philadelphia, etc., with predictions consistent with the reality of much worse to
come. Europe’s
crisis and the psychology of fear (Washington Post) [ Given the reality and magnitude of Europe’s
problems going forward, dwarfed only by the magnitude of those of pervasively
corrupt, defacto bankrupt america, it brings to mind the words of the former
Intel CEO (co-founder) Andy Grove ‘ Only the paranoid survive’ (of course,
having survived the Nazis and escaped Communist-controlled Hungary in Europe,
as a jew, one has to assume his perspective / outlook was somewhat ‘skewed’
thereby). Yet, let’s not kid ourselves to the point where virtual survival is
threatened and at stake as is so for the EU. America
isn’t alone in the downgrade spiral (WP) Indeed, the EU has followed the contra-indicated perma war,
evermore worthless Weimar currency, and a predispositon / tacit acceptance of
paper securities schemes / scams / frauds which are integral to america’s
ongoing, albeit obfuscated, debacle / crisis which given the unfunded debt load
pegged at $211 Trillion among other estimates, is insurmountable and will end
quite badly. Poll:
Sharp dissatisfaction with D.C. The public doubts the government can fix
the nation’s economic problems, Post poll shows. An
unlikely landlord: Uncle Sam (WP) [
No surprise there (the doubts)! Uncle
Scam as landlord? Sounds like a typical scam / fiasco / debacle in the making!
Add limey (brits)-looking (green) frogs (french) to the mix(ed up) in the
pervasively corrupt defacto bankrupt disunited states Italy
unveils plan to calm fears of escalating crisis (WP) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still got problems. Europe’s
debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close
call! There you go. Nothing to worry about now that wobama’s got a boehner … so
not to be so hard on them; if pelosi says it, it must be true … Not! …Pervasively
corrupt, defacto bankrupt america, they, she look pretty greecey to me. After
all, if the same’s wobama’s ‘far-reaching plan on debt’, we all know ‘wobama
the b’ (for b***s***) is total b***s*** which means like Greecey PIIGS they’ll
be back to the trough for more … slop … py.
Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for
unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion,
PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while
other estimates exceed $100 trillion (these amounts are insurmountable) …’ Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing
to political desperation!
Will:
Kennedy’s Berlin blunder (Washington Post) [ Oh come on Mr. Will! I’d say Kennedy’s blunder was, as Caesar and the ides of
March, not heeding warnings concerning that Dallas ride. A bit of a reach
though factually accurate are the implications, consequences of those
highlights which in terms of results were foreseen years before by
‘Warrior-General Patton’. Indeed, for the rising military industrial complex,
one way or another, conflict whether hot or cold, requiring substantial defense
spending was fait accomplis. I’m disappointed to hear of Kennedy’s unfounded
criticism of the last great leader / president, the substantially underrated
but great President General Eisenhower which I would attribute to Kennedy’s own
insecurity regarding such matters and possibly in psychiatric terms, a form of
displacement. Krauthammer:
Our political system is working well (Washington Post) [ Wow! There was a time back in the late
sixties, early seventies when there were these long-haired people chastised by
the so-called ‘establishment’ that would have just loved to be doin’ whatever
it is that Mr. Krauthammer’s been doing to arrive at such a conclusion, so
glaringly devoid of any reality whatsoever. Psychedelics, hallucinogens, magic
mushrooms; what could it be that has brought Mr. Krauthammer into this fantasy
world where even ‘Alice’ of Wonderland fame might feel comfortable in this
netherland (sic) / netherworld created from the depths of Mr. Krauthammer’s
imagination. I’m truly at a loss for words. After all, the warning by the
underrated but great President General Eisenhower of the impending inherent
danger of the military industrial complex came to fruition with the
assassination of JFK and the reality of a coup d’etat thereby. All presidents,
along with the two remaining branches of the pervasively corrupt, defacto
bankrupt american government since have been at best stooges for such as the
military industrial complex, the banksters / frauds on wall street, etc., to
the substantial detriment of the vast majority in this country and throughout
the world (ie., perma wars, huge securities frauds still extant / now marked to
anything as per congressional FASB rule change, and unprosecuted. Beyond the
immediate reach, or at least ‘penetration’ of american propaganda, an
intelligent and astute individual, Legendary
Investor Jeremy Grantham: America is a Banana Republic Washington’s
Blog | Just different bananas perhaps? { Of course this is absolutely
true! And not just from the meaningfully lawless perspective – I had made such
a statement on the record in a LA Superior Court Appellate Dept. proceeding in
which said court literally ignored the law (the same is true of the costly,
plushly accoutered lifetime appointee federal courts) which courts should
indeed be abolished in these difficult economic / budgetary times.
Additionally, from pervasive corruption, to debased over-printed currency, to
gunboat diplomacy, to total incompetence, etc., america is indeed a banana
republic at most. } I didn’t see the
debates {what does it matter what they say – the egregious ‘wobama the b’ (for
b***s***) fatigue factor / experience} nor have I read Mr. Robinson’s article,
‘GOP
Debate Land’ but I’m sure I’d agree with his conclusion, ‘I didn’t recognize the America the GOP
candidates described;’ but unfortunately, I do recognize the pervasively
corrupt, defacto bankrupt america of ‘wobama the b’ (for b***s***), failed president
like his predecessor, moron war criminal dumbya bush, that he is. The
powerless president Obama remains
indecisive, and ignored, as larger forces bring down the country. Robinson:
S&P downgrades the GOP (WP) [
Riiiiight! It’s everything but ‘wobama the b’ (for b***s***) that’s to blame
for the nation’s meltdown according to wobama aficionados / intractable wobama
apologists, Messieurs Milbank and Robinson. Sweet Mr. Milbank even points to
wobama’s personal character flaws (among many unmentioned) to exculpate the
failed president wobama. Wobama’s failed miserably and yet had the easiest act
in the world to follow in the persona of fellow failed president war criminal
dumbya bush whose failed policies up to the real start of the election cycle
he’s largely followed. After all, Mr. Robinson, how different really are the
parties these days when profligate spending on illegal, unnecessary wars was
continued when democrats controlled congress, and then even the executive
office when continuing failed president and war criminal dumbya bush’s nation
bankrupting, nation destroying war policies, protection for unprecedentedly
huge wall street frauds, bush tax cut extensions for the wealthy, and then some
(spending on top of it).
Drudgereport:
HARRY
BELAFONTE: Obama 'has failed'...
NOONAN:
'HE IS A LOSER'...
GALLUP:
40% APPROVAL...
Obama
takes debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most
importantly, realize that if wobama’s actions had not belied his words/campaign
promises, the nation’s position, though still ominous, would have been
substantially improved.
Poll:
Sharp dissatisfaction with D.C. The public doubts the government can fix
the nation’s economic problems, Post poll shows. An
unlikely landlord: Uncle Sam
(Washington Post) [ No surprise there (the doubts)! Uncle as landlord? Sounds like a typical
scam / fiasco / debacle in the making! Add limey (brits)-looking (green) frogs
(french) to the mix(ed up) in the pervasively corrupt defacto bankrupt
disunited states Italy
unveils plan to calm fears of escalating crisis (Washington Post) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still got problems. Europe’s
debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close
call! There you go. Nothing to worry about now that wobama’s got a boehner … so
not to be so hard on them; if pelosi says it, it must be true … Not!
…Pervasively corrupt, defacto bankrupt america, they, she look pretty greecey
to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’, we all
know ‘wobama the b’ (for b***s***) is total b***s*** which means like Greecey
PIIGS they’ll be back to the trough for more … slop … py. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for unfunded
obligations vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill
Gross estimates the unreported debt to be $75 trillion, while other estimates
exceed $100 trillion (these amounts are insurmountable) …’ Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing
to political desperation! Why
You Shouldn't Buy Into This Plunge Forbes/O'Neil‘The market is
building momentum to the downside’. Wall Street
closes worst week since '08 with wild day NEW YORK (Reuters) S&P
on U.S. downgrade: Debt pact 'falls short' - Reuters S&P
downgrades US credit rating from AAA S&P
Shocks the U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat Sheet What
Recovery? Forbes
‘…we can’t call this a recovery. There’s no reason to celebrate when a
job report was better than expected. Why? Because the expectation was abysmal
to begin with. And while we’re at it, we can’t ignore increasing sovereign debt
problems in Europe…’ ‘Top
3 Reasons Markets Erased the Year’s Gains Wall St. Cheat Sheet 1) Japan and Europe 2) Unemployment.3)
Capital goods - billions of dollars in lost revenue. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To
Meltdown,
predicting the global crisis that occurred the following year. I
now see a similar confluence of events that warns of phase II of the
global crisis… My work shows that “the new recession has started.”… Over the
past 33 years, we have called the start of every recession, often on the exact
month, or within one month, of the official start as determined one year later
by the official arbiter of recession, the National Bureau of Economic Research
(NBER)… However, inflation is far understated for political reasons. Currently,
the GDP deflator is 1.8%, which hardly reflects the true rise in prices.
Therefore, what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction…’FLASHBACK HERE: Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher.
Is
Obama’s fate written in numbers? Recent economic data amounts to a
formidable headwind for any incumbent president hoping for a second term. And
Democrats worry time is running out. (Washington Post) [ Let’s just say the
fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s
done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the
truth is he really screwed you’ … well you know that familiar theme and can ad
lib, insert your own words!
It’s
still Obama’s party Why he won’t face a primary challenge: Republicans and
racial politics. (Washington Post) [
It’s true … so right you are! Al Gore’s even pitchin’ in by donating the
talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a
song in wobama’s honor (kidding) which goes something like this , ‘It’s his
party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you
would cry too, if obama happened to you
… Well, there you go … if the song says
it it must be true. Yeah! And those dern republicans and their racial politics
… UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black
defendants and white victims' – Time to get whitey, at last, at last, etc., say
holder / wobama who go on to say ‘and they ain’t talking about Whitey Bulger,
the mobster, either!’
MI6
produced bogus Iraq war evidence under pressure from Downing Street Daily Mail | Iraq had long been a backwater for MI6.
NATO
Massacres of Civilians Aimed at “Cleansing” the Libyan People’s Resistance Mahdi Darius
Nazemroaya | Photographic
evidence of NATO war crimes.
NATO
urged to investigate civilian deaths during Libya air strikes Amnesty
International | Amnesty
International wrote to the NATO Secretary General asking for clarification on
incidents in which unarmed civilians were reportedly killed.
U.S. and NATO Arming Syrian Opposition, Plan Military
Strike Kurt Nimmo | Now the Iranians are reporting that NATO is
sending large arms caches to Syrians resisting the al-Assad regime.
Democrats
want a bolder Obama The president’s allies are getting nervous about what
they see as the lack of a coherent strategy. (Washington Post) [ Well, tell it
to the teleprompter. Without a head per se, at least no one could say as with
‘wobama the b’ (for b***s***) that the teleprompter was in over its head.
Bolder b***s*** is still b***s***! ]
Gallup:
Disapproval of Obama Ties All-Time High CNS News |
American’s approval of President tied its all-time low of 42 percent.
Bristol Palin Interview Accidentally Reveals Mother's 15
Abortions www.theonion.comWASILLA,
AK—Sarah Palin's political team was forced to do emergency damage control
Monday after the former Alaska governor's daughter Bristol accidentally divulged
on live television that her mother has undergone at least 15 abortions over the
past 30 years. "She's always telling me how special I am, especially
considering the five or six babies she aborted before I was born," Palin,
20, said during a CNN interview in which she was asked if she thought her
mother would make a good president. "Then of course there were the twins
she aborted shortly after having me, another four abortions after Willow
somehow survived hers—but anyway, she's a wonderful mom. She just gets pregnant
a lot and doesn't always want to have the baby." Palin also commended her
mother's strength in carrying three babies with Down syndrome to term, and then
even choosing not to give Trig up for adoption like the others.
Taliban
who downed U.S. copter killed U.S. officials say Taliban fighters who shot
down a helicopter with 30 U.S. troops were killed in airstrikes (Washington
Post) [ Oh come on! The Taliban don’t even know who among them downed the u.s.
killer copter! Great propaganda, ‘u.s. gi’s always get their man’. Doesn’t
anyone get tired of their endless b***s*** in their end run to the end? After
all, the nation is defacto bankrupt in large part as a direct consequence of
these ‘military-industrio-inferiority-complex’ follies / welfare warfare
programs. Then there’s the cocomitant typical skullduggery which includes inter
alia:
Same
ritual, a changed president This time, President Obama traveled to Dover
Air Force Base to greet the remains of Americans he had ordered to Afghanistan
himself. Some
victims of crash are identified (Washington Post) [ Changed? I think we could all agree that
despite campaign promises to the contrary, nothing’s changed; except,
pervasively corrupt defacto bankrupt america is more hopelessly bankrupt and
the dismal economic picture has become more dour.
“Bin
Laden” Heroes Probably Murderered to Keep Them Quiet ... Gordon Duff Veterans
Today
FLASHBACK:
Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) [ As
indicated on this albertpeia.com website, I didn’t buy the administration’s
desperate and politically opportunist Osama event and still don’t buy it; and
further, I believe this! ]Veterans Today | TRANSCRIPT of
critical interview with Pakistani eyewitness to Bin Laden raid. Is this the key
to SEAL Team 6′s demise?
“Bin Laden”
Heroes Probably Murderered to Keep Them Quiet Gordon Duff
Veterans
Today August 7, 2011 | Some Possibly Killed in Abbottabad Helicopter
Crash Months Before. [ As indicated on this albertpeia.com website, I didn’t
buy the administration’s desperate and politically opportunist Osama event and
still don’t buy it; and further, I believe this! ] Today 31 NATO troops, 20 of
them Navy Seals from the Osama bin Laden operation died in what is reported as
a helicopter crash in Afghanistan.
‘The chance of
this story being true is almost nil. The chances of this being a staged coverup
is over 80%. We believe these people were murdered to silence them. This is
why.
We have solid
information on two areas:
This gave the US several areas of severe
vulnerability. Generally, Navy Seals are the best people in the world at
keeping their mouths shut, these are real team players, as the term “Seal Team”
belies.
Petraeus is a possible presidential contender and had
to be denied this “gift from heaven,” a fast track to the oval office for sure.
Again, I
remind you, I went over specific meetings on bin Laden with his handlers,
getting every last detail. I have watched what has gone on, the continuing need
to vilify a long dead top CIA operative to provide residual cover for the Bush
administration…
The reason?
Bush and his cronies are all facing charges of war crimes, not just in minor
jurisdictions but heading for the ICC, putting them on the dock with Gaddafi (
a far less harmful character).
As for the
timing of this incident? This we will work on. What we can easily surmise is
that some of the dead have been dead since their bodies were taken away from
the helicopter crash site in Abbotabad.
Who would
order such a thing? We are going to have to wait but we are going to find out.
However, we expected this, the timing is exactly as predicted. Read full
article ‘
World at War Alex Jones'
Infowars: There's a war on for your mind! Veterans
Today | TRANSCRIPT of critical interview
with Pakistani eyewitness to Bin Laden raid. Is this the key to SEAL Team
6′s demise? ...
Deaths of SEAL Team 6 Exposed Aaron Dykes & Alex Jones
| We predicted shortly after the raid on bin Laden’s compound that SEALs would
soon be reported dead in a helicopter crash or staged incident following
multiple reports from military sources.
SEAL Unit Supposedly Responsible for Osama Hit Killed in
Copter Crash Kurt Nimmo | Is it possible the Pentagon took out the
helicopter to send a message to the SEALs, just in case some of them decide
(like Pat Tillman did) to tell the truth?
Questions raised by the SEAL Team 6 deaths in Afghanistan
Madison Ruppert | It took minutes before the Internet was ablaze
with chatter about the deaths of these American commandos.
Tea
Party hypocrisy Fueled by populist anger, but hijacked by plutocrats.
(Washington Post) [ Ah, sweet Mr. Milbank. His love for wobama knows no bounds.
Yet, given the choice between hypocrisy and inveterate lying, assuming
arguendo, Mr. Milbank’s premise to be true (doubtful and I think most would say
no), most would take hypocrisy any day. By now, most have realized that at best
wobama’s a b***s*** artist, and at worst, an incorrigible liar; certainly as
measured by his campaign promises that got him elected, belied by his actions.
If Mr. Milbank had only said the nation’s been hijacked by plutocrats to whom
wobama’s paid homage, I’d certainly agree in part. After all, there has been
and continues a huge wealth transfer at the expense and to the detriment of the
middle class, to the substantial benefit of the ‘plutocrats’ who in america are
of that small percentile criminal class for whom everyone else must (and must
be) sacrifice(d), ie., the wall street frauds, military industrial complex,
government contractors, etc.. And, yet another casualty … if wobama’s
peace-prize is not revoked, then that ignoble nobel thing should be disbanded
for lack of credibility and moral compass.
Deal
fails to soothe foreign critics
(Washington Post) { Let’s not kid outselves! I consider Russia a
rational, great nation (their painful, yet peaceful transition from their
mistake is a testament to their greatness as a people / nation and Gorbachev
particularly – China’s recent success is as far from communism as can be
imagined) and have high regard for Putin though lamenting his youthful, albeit
inherited indiscretion (kind of like that Tiger hunt which he’s now wisely
disavowed) in dabbling in the failed system of communism (the great lie where
everybody’s equal except some are more equal than others, ie., party members,
bureaucrats, etc., kind of like america today with the addition of the
plutocratic wealthy thieves, criminals, frauds, etc.). That said, most of these
so-called ‘foreign critics’ fall predominantly into either of two categories;
viz., ‘pots calling the kettle black’, or ‘enablers’. Putin
Calls U.S. a “Parasite,” Demands New Reserve Currency Activist Post The
powerless president Obama remains
indecisive, and ignored, as larger forces bring down the country. Robinson:
S&P downgrades the GOP (Washington Post) [ Riiiiight! It’s everything but ‘wobama the b’
(for b***s***) that’s to blame for the nation’s meltdown according to wobama
aficionados / intractable wobama apologists, Messieurs Milbank and Robinson.
Sweet Mr. Milbank even points to wobama’s personal character flaws (among many
unmentioned) to exculpate the failed president wobama. Wobama’s failed
miserably and yet had the easiest act in the world to follow in the persona of
fellow failed president war criminal dumbya bush whose failed policies up to
the real start of the election cycle he’s largely followed. After all, Mr.
Robinson, how different really are the parties these days when profligate
spending on illegal, unnecessary wars was continued when democrats controlled
congress, and then even the executive office when continuing failed president
and war criminal dumbya bush’s nation bankrupting, nation destroying war
policies, protection for unprecedentedly huge wall street frauds, bush tax cut
extensions for the wealthy, and then some (spending on top of it). Drudgereport: HARRY
BELAFONTE: Obama 'has failed'...
NOONAN:
'HE IS A LOSER'...
GALLUP:
40% APPROVAL...
Obama
takes debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most
importantly, realize that if wobama’s actions had not belied his words/campaign
promises, the nation’s position, though still ominous, would have been substantially
improved.
White
House turns attention to blacks Focus comes amid a growing concern that
economic conditions might hamper black voter turnout. (Washington Post) [ As if
we couldn’t see that coming. Yet, the ‘make-work, make-shift’ jobs already
extant in the federal, state, local ‘public service’ sectors along with the
otherwise unemployable at, ie., the u.s. postal service, etc., are uneconomic
and overly costly (Drudgereport: Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job... ) at best and downright wasteful at worst, the latter
being the most prevalent scenario. Moreover, despite the rhetoric, blacks will
always ‘back the black’. No criteria. No analysis. ‘Back the black’ their
despoiling cry. I think wobama and holder are probably more concerned with
making sure the ‘black panthers’ are in full force at the polls to intimidate
white voters, which racism they’ve given ‘carte blanche’, protection from
prosecution … UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black
defendants and white victims '. With wobama et als, the jive-talking b***s***
never ends! N.Y.
bumped from foreclosure panel Iowa’s attorney general says N.Y. official
“actively worked to undermine” group’s efforts in foreclosure negotiation with
banks. (Washington Post) [ Yeah! No surprise here! Yet new jersey’s
‘representative’ would have been equally disingenuous in corruptly carry out
his / her duties, so ‘doody-full’ are they, from there! Sen. Chuck Grassley “It doesn’t make
sense that an agency responsible for investigations would want to get rid of
potential evidence…’ [ Oh but it does make sense Sen. Grassley: Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ] Details
of Obama’s jobs plan emerge (Washington Post) [ Oh come on! Too little, too late for ‘wobama the b’ (for
b***s***), the eternal campaign(er) … he’s got a ‘good rap’ … that rapper
‘wobama the b’ (for b***s***). Really!
He’s a total embarrassment out there on the campaign trail; and just as much an
embarrassment for those who turn out to see him … maybe he’s somewhat of an
allure as in a freak show. He’s a total joke! To be finally talking jobs and
things just before the election having broken previous campaign promises in his
failed role as ‘bush failure 3’. Even his pension is undeserved so much a fraud
is he! Black
caucus: Tired of making excuses for Obama [ They are not alone! ] Washington
Examiner | A key member of
the Congressional Black Caucus says they don’t pressure President Obama because
he is loved by black voters. Obama ‘Takes More Vacations Than Any Human Being I’ve
Ever Seen’ Fox News | “Here we have a country that really is going
to hell in a handbasket.” Bus Tour Bust: Obama’s Approval Plummets Back Into 30s,
Says Gallup CNS News | Obama’s politically charged but taxpayer
funded bus tour through the Midwest turned into a bust yesterday. Disapproval of Congress Hits All Time High of 84%
Drudgereport: BLACK CAUCUS ON OBAMA: 'WE'RE GETTING TIRED' [ Not as
tired of wobama’s b***s*** / excuses as the ‘White Caucus’ and any other Caucus
– but, don’t be taken in by their b***s***; they’ll ‘back the black’ every
time, regardless! ]New low of 26% approve of Obama on economy...
Inflation
builds...
FOOD
PRICES RISING...
UNEMPLOYMENT
UP...
OBAMA
TO LAY OUT JOBS PLAN -- AFTER VACATION...
'Takes
More Vacations Than Any Human Being I've Ever Seen'...
Commiserates
with jobless, then off to the Vineyard...
Even
that italian, belafonte, isn’t buying ‘wobama brand(ed)’:
Drudgereport: HARRY
BELAFONTE: Obama 'has failed'...
NOONAN:
'HE IS A LOSER'...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most importantly,
realize that if wobama’s actions had not belied his words/campaign promises,
the nation’s position, though still ominous, would have been substantially
improved.
What’s
Apple without Steve Jobs? Jobs has
the knack of knowing what people want before they do. Can Apple stay ahead of
the curve? (Washington Post) [ Without disparaging the company nor the remaining
employees, what can be said of Apple with certainty in response the foregoing
question is: ‘LESS’. That said, there couldn’t have been a more propitious time
for the great (without even a tinge of sarcasm – among the relatively few great
CEO’s in corporate history) Steve Jobs to leave. Steve Jobs
resigns from Apple, Cook becomes CEO - SAN FRANCISCO (Reuters) -
Silicon Valley legend Steve Jobs on Wednesday resigned as chief executive of
Apple Inc in a stunning move that ended his 14-year reign at the technology
giant he co-founded i... [ Far more than just a ‘Silicon Valley legend’, Steve
Jobs literally saved Apple from extinction … I’m truly glad he saved Apple, my
first computer (1986 - apple IIc for word processing / data based records /
forms / templates / data which I interfaced with an electric typewriter for
letter quality) and for that all should be thankful. Apple is the Nasdaq (40%
weighting) and quite more, that now was! That’s past tense. Steve Jobs goes out
a big winner as indeed he should! Yet, make no mistake, as one might expect,
his timing was impeccable inasmuch as without his uniquely inspired innovation,
competition moving in, and particularly the coming debacle / crisis the worst
of which lies ahead, things are not looking up, in and for pervasively corrupt
/ defacto bankrupt america particularly, euphemistically speaking. ] End Of
Cycle Smelling Like Dow 3K, Gold 3K Forbes
/ Bill Bonner
… ‘Our view [ the correct
view ] is that the bear market began in January 2000. The feds fought it off
with two huge extravaganzas of spending — the first beginning in 2001 the other
after 2008. Stimulus does wonders for stock prices but it no longer works for
the economy that sustains them. For every dollar that the Fed has put to work
to fight the crisis since 2008, for example, it has produced only 80 cents
worth of GDP. It didn’t work……that the recession of ’08-’09 in the US never
actually ended……and that stocks will go down over the next 5-10 years until
they finally hit a real bottom…’
Robinson:
King’s dream remains unrealized (Washington Post) [ Yeah! That ‘content of their character’
thing’s a b***ch to live up to … just don’t measure up! What’s a white person
to do, especially when black atty. General Holder with fellow black Obama’s
tacit approval is racist himself (themselves)
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black
defendants and white victims '. Drudgereport:
'Mob'
beatings at WI state fair...
'Hundreds
of young black people beating white people'... [ Typical… ]
Fairgoers
'pulled out of cars'...
'They
were just going after white people'...
Heightened
security...
[ .. (the following incident is my personal
experience: black perps, white victims)‘.. while walking through Military Park
(a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in newark,
new jersey on the way to the bank during lunch hour, I heard the clearly
audible screams/cries of what turned out to be an old lady on the ground with
blood streaming from her mouth. I ran toward the sound of the cries, the source
of which I could not see because there were so many people in and about this
thoroughfare so as to block any vision of the source of the cries. When I came
to the woman, on the ground, blood streaming from her mouth, I asked what
happened, to which she responded she had been hit in the mouth and knocked to
the ground, her purse stolen/put inside her shopping bag, and she pointed out
the criminal casually now walking across the main street. Nobody stopped to
help her, many having passed her by. I slammed the thug to the ground so hard
that, in light of all the blood and confusion (limbic system / adrenalin flow)
I thought I had been stabbed (the blood was from his elbows hitting the
pavement so hard - no one helped / a crowd gathered / an undercover cop
happened along). When I testified at the Grand Jury Proceeding I made sure his
threat on my life was set forth in prima facie fashion so as to maximize the
DA’s position with both felonies ( he went to prison – pled out ). The other
case I wrote about here ( This was included on my website in the Psychology
forum discussion of ‘bystander effect’ / diffusion of responsibility. ) -
Having had occasion to have run down a mugger in newark, n.j. who apparently
had followed a girl from the bank on her way to the bursar to pay tuition,
though in pretty good shape, I was astounded by how totally exhausting such a
pursuit was, how much like rubber my arms were when I traded punches with the
perpetrator, and truth be told, if I had a flashlight on my belt, I have little
doubt that I would have probably used it to subdue the perp (a police officer
here in California was the object of intense criticism for having used a
flashlight to subdue a criminal after a long chase so I included that here) .
The girl was not that seriously injured, did get her pocketbook and tuition
back, and the criminal went to jail (where they belong). The other thing about
such a pursuit that amazed me was that no one else assisted the girl or me
despite being in a position to do so. I was also mugged by 4 blacks and 2
hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced,
the RICO litigation involves those uncivilized who consider themselves ‘whites’
http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). ]
Banks
are dimming Europe’s outlook Still restructuring after the 2008 crisis,
euro-zone banks face new concern about their stability. (Washington Post) [ And
not just europe’s outlook … How
stable is the banking industry?. (Washington Post) [ Not too! … as if
anyone should need remindin’! After
all, a depression is that ‘lowering tide that grounds all boats’ (the converse
of that word picture I like to use in analysis of securities wherein focus on
the macro environment, the economy, the largest aggregate enhances your
probabilities of success on the theory / cliché ‘a rising tide lifts all
boats’. Clearly, simplistic wisdom that is true.) The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! Train
Reading: The Stock Market Is Insane The Wall Street Journal , Welcome
To The New Bear Market For Stocks
Forbes / Suttmeier
, Dow/Gold
Ratio Lowest Since 1987 Crash Forbes /
Adrian Ash , Ignore
Buffett's Advice, Don't Buy Stocks Forbes / Dohmen , The
"Crimes" That Wrecked The Markets Forbes / Lenzner , Tech
Leading Market Lower The Wall Street Journal , Banks
closed in Fla, Ga, Ill; 2011 total is 68 , No
Recession Coming ... It's Already Here Previous:8-18-11 Stocks rally off lows to suck
suckers in and keep suckers sucked in on bad news (Jobless
Claims, Inflation Rise More Than Expected CNBC) , fraud ( SEC destroyed documents, senator says Crimes
Wrecked The Markets ),
and b***s*** alone! MKM
Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows
Barrons.com, WHY NEW
LOWS ARE LIKELY 8-18-11 Maierhofer, Is
It 2008 Again? Looking at the Summer Crash of 2011 Gayed ‘A
real bear market
has begun …’ ,
Abandon Ship?[The USS Titanic] Yes,
Because of These 5 Bearish Icebergs ... McGill , There's
A Recession Coming According To The Data
Report:
DOJ investigating S&P's mortgage securities ratings Associated Press
The Justice Department is investigating whether the agency improperly rated
dozens of mortgage securities in the years leading up to the financial crisis.
(Washington Post) [ There you go … the retaliation … the long awaited payback
(quid pro quo witheld) for long overdue downgrade. They should be investigating
themselves, the SEC ( SEC destroyed documents, senator says ), among numerous other fraudulent, illegal schemes, activities. 3
Top Crooks Still Roaming Free After the Economic Crash Wall St. Cheat
Sheet ‘The global economy and stock
markets took a nose dive in 2008. But that hasn’t stopped some of the biggest
masterminds from escaping a day of luxury…’ The
"Crimes" That Wrecked The Markets Forbes / Lenzner , SEC
accused of destroying files Former agency official says SEC violated
federal law by destroying records of enforcement cases in which it decided not
to file charges. (Washington Post) [ Duh, ya think? The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed! SEC destroyed documents,
senator says 17 Aug 2011 ‘The
Securities and Exchange Commission may have destroyed documents and compromised
enforcement case ... Grassley:
Agency may have got rid of Goldman, Madoff documents Ronald D. Orol,
MarketWatch WASHINGTON (MarketWatch) — The Securities and Exchange Commission
may have destroyed documents and compromised enforcement cases involving
activity at large banks and hedge funds during the height of the financial
crisis in 2008, according to allegations made by a lawmaker on Wednesday. “From
what I’ve seen, it looks as if the SEC might have sanctioned some level of
case-related document destruction,” said Sen. Chuck Grassley, Republican of
Iowa, in a letter to the agency’s chairman, Mary Schapiro. Sen. Chuck Grassley “It doesn’t make sense that an agency responsible for
investigations would want to get rid of potential evidence. If these charges
are true, the agency needs to explain why it destroyed documents, how many
documents it destroyed over what timeframe, and to what extent its actions were
consistent with the law.” Agency staff “destroyed over 9,000 files” related to
preliminary agency investigations, according to a letter sent in July to
Grassley, the top Republican on the Senate Judiciary Committee, and obtained by
MarketWatch. The allegations were made by SEC enforcement attorney, Darcy
Flynn, in a letter to Grassley. Flynn is a current employee, and according to
the letter, received a bonus for his past year’s work. Flynn alleges the SEC
destroyed files related to matters being examined in important cases such as
Bernard Madoff and a $50 billion Ponzi scheme he operated as well as an
investigation involving Goldman Sachs Group Inc. GS +0.33%
trading in American International Group credit-default swaps in 2009. Flynn
also alleged that the agency destroyed documents and information collected for
preliminary investigations at Wells Fargo & Co. WFC +1.34% ,
Bank of America Corp. BAC +0.81% ,
Citigroup C +0.13% ,
Credit Suisse CS +0.38% ,
Deutsche Bank DB +0.79% Morgan
Stanley MS -0.06% and
the now-bankrupt Lehman Brothers. The letter goes into particular detail about
Deutsche Bank, the former employer of current SEC enforcement chief Robert
Khuzami as well as former enforcement chiefs Gary Lynch and Richard Walker…’ Sen. Chuck Grassley “It doesn’t make sense that an agency
responsible for investigations would want to get rid of potential evidence…’ [
Oh but it does make sense Sen. Grassley:
Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit
or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt,
defacto bankrupt, fallen america.
Indeed, the scenario typifies that national drain / sinkhole new york (new york
/ new jersey metro) where, for example, FBI informants were routinely exposed
by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings /
Volkman ]
Report:
DOJ investigating S&P's mortgage securities ratings Associated Press
The Justice Department is investigating whether the agency improperly rated
dozens of mortgage securities in the years leading up to the financial crisis.
(Washington Post) [ There you go … the retaliation … the long awaited payback
(quid pro quo witheld) for long overdue downgrade. They should be investigating
themselves, the SEC ( SEC destroyed documents, senator says ), among numerous other fraudulent, illegal schemes, activities. The
"Crimes" That Wrecked The Markets Forbes / Lenzner 3
Top Crooks Still Roaming Free After the Economic Crash Wall St. Cheat
Sheet ‘The global economy and stock
markets took a nose dive in 2008. But that hasn’t stopped some of the biggest
masterminds from escaping a day of luxury… The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed! Train
Reading: The Stock Market Is Insane The Wall Street Journal , Welcome
To The New Bear Market For Stocks
Forbes / Suttmeier
, Dow/Gold
Ratio Lowest Since 1987 Crash Forbes / Adrian Ash , Ignore
Buffett's Advice, Don't Buy Stocks Forbes / Dohmen , The
"Crimes" That Wrecked The Markets Forbes / Lenzner , Tech
Leading Market Lower The Wall Street Journal , Banks
closed in Fla, Ga, Ill; 2011 total is 68 , No
Recession Coming ... It's Already Here Previous:8-18-11 Stocks rally off lows to suck suckers in
and keep suckers sucked in on bad news (Jobless
Claims, Inflation Rise More Than Expected CNBC) , fraud ( SEC destroyed documents, senator says Crimes
Wrecked The Markets ), and b***s***
alone! MKM
Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows
Barrons.com, WHY NEW
LOWS ARE LIKELY 8-18-11 Maierhofer, Is
It 2008 Again? Looking at the Summer Crash of 2011 Gayed ‘A
real bear market
has begun …’ ,
Abandon Ship?[The USS Titanic] Yes,
Because of These 5 Bearish Icebergs ... McGill , There's
A Recession Coming According To The Data at Forbes ,
HP, Dell
hammered as tech-spending outlook darkens JDSU, NetApp, disappointing figures, shares hit hard in
after-hours trade Dell braces investors for a bumpy road Dell makes a case on
why it can better weather an upcoming storm
, S&P
says sell Google's shares after Motorola deal , STOCKS
FALL AFTER FLOOD OF BAD NEWS: Here's What You Need To Know Joe Weisenthal , Stocks
Slip On Concern Over Europe's Debt, U.S. Data , Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 Sean Hanlon Take
A Lesson From 2007 And Sell Stocks Now at Forbes, [video]
Trader: We Could Test 1120 Lows at TheStreet.com In
a Downtrend, Sell a Rally (Daily FX) Latest:
Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com) Five
Reason Stocks Are Crashing, Tips to Prepare for Meltdown (Moneynews) Unthinkable Poised to Happen on Wall Street. See Disturbing
Charts. (Newsmax.com) US Recession Is
Guaranteed: Expert CNBC.com
SHARE
YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
ATF Chief Melson:Justice
Department trying to shield officials (LATimes) Serrano
I believe him!
I truly empathize with the
ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize
some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual
citizenship with Italy), and some familiar crimes (ie., drug money laundering,
etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the
following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert
Williams, Todd McKeahan & Conway LeBleu: Died February
28, 1993 by gunfire at Waco. All four were examined by a pathologist and died
from identical wounds to the left temple. All four had been body guards for
Bill Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims Act probably would apply and I
would absent resolution seek to refer the within to a firm with expertise in
that area of the law with which I am not familiar).
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5 pages)
[ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated
assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew
Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
- A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc..
- Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page
1
Page 2
]
- Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part
- http://albertpeia/crossexamofcoanbypeia.pdf
]
- Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
- Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In addition
to being 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. As much as I hate the mob, it truly was funny, if
not so tragic.], Alito is also corrupt (and maybe
corrupt because he is inept). After a reasonable (but still rather short)
time I called to determine the status and was told that Alito was no
longer with the Office of the U.S. Attorney, that he was (appointed) a
federal judge, and that neither the documents nor any file or record of
same could be located. Alito did parley the same / cover-up into quid pro
quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I
hesitate to chance greater non-performance / worsening by their ‘fix’ so cell
phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama
has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP |
Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Sincerely
and Regards,
Al
Peia
U.S.
stocks end volatile week in the red (Washington Post) [The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! Train
Reading: The Stock Market Is Insane The Wall Street Journal , Welcome
To The New Bear Market For Stocks
Forbes / Suttmeier
, Dow/Gold
Ratio Lowest Since 1987 Crash Forbes /
Adrian Ash , Ignore
Buffett's Advice, Don't Buy Stocks Forbes / Dohmen , The
"Crimes" That Wrecked The Markets Forbes / Lenzner , Tech
Leading Market Lower The Wall Street Journal , Banks
closed in Fla, Ga, Ill; 2011 total is 68 , No
Recession Coming ... It's Already Here Previous:8-18-11 Stocks rally off lows to suck
suckers in and keep suckers sucked in on bad news (Jobless
Claims, Inflation Rise More Than Expected CNBC) , fraud ( SEC destroyed documents, senator says Crimes
Wrecked The Markets ),
and b***s*** alone! MKM
Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows Barrons.com,
WHY NEW
LOWS ARE LIKELY 8-18-11 Maierhofer, Is
It 2008 Again? Looking at the Summer Crash of 2011 Gayed ‘A
real bear market
has begun …’ ,
Abandon Ship?[The USS Titanic] Yes,
Because of These 5 Bearish Icebergs ... McGill , There's
A Recession Coming According To The Data at Forbes , HP, Dell
hammered as tech-spending outlook darkens JDSU, NetApp, disappointing figures, shares hit hard in
after-hours trade
Dell braces investors for a bumpy road Dell makes a case on
why it can better weather an upcoming storm
, S&P
says sell Google's shares after Motorola deal , STOCKS
FALL AFTER FLOOD OF BAD NEWS: Here's What You Need To Know Joe Weisenthal , Stocks
Slip On Concern Over Europe's Debt, U.S. Data , Watch
Out: 2011 Looks A Lot Like The Market Top In 2007
Sean Hanlon Take
A Lesson From 2007 And Sell Stocks Now at Forbes, [video]
Trader: We Could Test 1120 Lows at TheStreet.com In
a Downtrend, Sell a Rally (Daily FX) Latest:
Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com) Five
Reason Stocks Are Crashing, Tips to Prepare for Meltdown (Moneynews) Unthinkable Poised to Happen on Wall Street. See Disturbing
Charts. (Newsmax.com) US Recession Is
Guaranteed: Expert CNBC. Harry Dent, Jr.
Economy will be in a Depression by 2011
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.
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). Dow
1000? Robert Prechter Thinks So
Prechter
Reiterrates Call For Dow 1,000, Even As Surging Gold And Plunging Dollar Leave
Much Credibility To Be Desired Bulls
Go to Extremes: Don't Buy the "Breakout", Sell It, Prechter Says Russell:
This Is One Of The Largest Tops In Stock Market History 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.
…’ 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. [ 8
More Reasons Why You Should Be Deeply Concerned That The U.S. Government Has
Lost Its AAA Credit Rating The Economic Collapse ‘…
#8 The U.S.
national debt continues to get worse by the day. Just check out
what economics
professor Laurence J. Kotlikoff recently told NPR….“If you add up
all the promises that have been made for spending obligations, including
defense expenditures, and you subtract all the taxes that we expect to collect,
the difference is $211 trillion. That’s the fiscal gap” ..’ Why
You Shouldn't Buy Into This Plunge Forbes/O'Neil‘The market is
building momentum to the downside’.]
Moody’s
managers pressured analysts, former executive says Credit-rating agency has
been criticized for giving high grades to dubious investments. Now one of its
own is leading the criticism. SEC
purged documents without authorization Report:
DOJ investigating S&P's mortgage securities ratings Associated Press
The Justice Department is investigating whether the agency improperly rated
dozens of mortgage securities in the years leading up to the financial crisis.
(Washington Post) [ There you go … the retaliation … the long awaited payback
(quid pro quo witheld) for long overdue downgrade. They should be investigating
themselves, the SEC ( SEC destroyed documents, senator says ), among numerous other fraudulent, illegal schemes, activities. 3
Top Crooks Still Roaming Free After the Economic Crash Wall St. Cheat
Sheet ‘The global economy and stock
markets took a nose dive in 2008. But that hasn’t stopped some of the biggest
masterminds from escaping a day of luxury…’ The
"Crimes" That Wrecked The Markets Forbes / Lenzner , SEC
accused of destroying files Former agency official says SEC violated
federal law by destroying records of enforcement cases in which it decided not
to file charges. (Washington Post) [ Duh, ya think? The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed! SEC destroyed documents,
senator says 17 Aug 2011 ‘The
Securities and Exchange Commission may have destroyed documents and compromised
enforcement case ... Grassley:
Agency may have got rid of Goldman, Madoff documents Ronald D. Orol, MarketWatch
WASHINGTON (MarketWatch) — The Securities and Exchange Commission may have
destroyed documents and compromised enforcement cases involving activity at
large banks and hedge funds during the height of the financial crisis in 2008,
according to allegations made by a lawmaker on Wednesday. Sen. Chuck Grassley “It doesn’t make
sense that an agency responsible for investigations would want to get rid of
potential evidence…’ [ Oh but it does make sense Sen. Grassley: Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ]
Experts:
Recovery might take a while If this crisis follow the pattern of similar
ones, it may be one of the most difficult in U.S. history. (Washington Post) [
Duh! Ya think! Dow/Gold
Ratio Lowest Since 1987 Crash Forbes
Adrian Ash ‘Today’s gold
buyers might still get to look early birds as this depression wears on… GROWTH or defense…stocks or gold? Intra-day noise aside in summer 2011,
Mr.Market’s choice looks plain.
The Dow/Gold
Ratio – a measure of the U.S. stock market’s valuation in ounces of gold – has
sunk as equities have plunged but gold prices have jumped
so far this summer.
Dropping
through 6.0 ahead of Friday’s New York opening, the Dow/Gold Ratio hasn’t been
this low since early 1989, back when world equity markets were recovering from
the Great Crash of Black Monday 1987.
http://goldnews.bullionvault.com/files/DowGoldviii11.png
That slump
itself had taken the Dow/Gold Ratio all the way down to 3.6, with gold prices
rising to nearly $500 per ounce as the Wall Street index sank to 1776 points.
Growth, of course, was only taking a pause in late 1987 – a quick breather
before the real race to perfection of the late 1990s. Today, in contrast, the
Dow/Gold Ratio could still go a lot further down. Or so says history.
Trading a
little over its century-long average of 10.0 today, the ratio bottomed during
the 1930s Great Depression at just below 2.0 ounces of gold for one Dow unit.
At the nadir of the next global depression – the inflationary depression of the
early 1980s – the Dow/Gold Ratio sank even lower, down to 1.0.
Whatever
flavor of depression we’ve got at the start of this decade – and it is a depression, as Western jobs data continue to show
and as the Dow/Gold yardstick will confirm if it goes much lower (keep an eye
on the underperformance of gold mining equities, too) – a growing flow of
private savings is choosing defense in gold bullion rather
than choosing business-risk in listed stocks.
That choice
might sound self-fulfilling if you work in psychiatry or government, a kind of
“clinical disorder” open to curing with medication, zero interest rates or
perhaps a third round of quantitative easing – most likely aimed at risk
assets, we guess, rather than the “risk free” Treasury bonds targeted by QE1
and QE2 – and which institutional investors are all-too keen to hold anyway.
So far,
however, investors choosing to buy gold only account for a
tiny portion of the money fleeing equities.
From here to a
true depression low in Dow/Gold (if such a level is reached), today’s gold
buyers will need to find many more friends. They’d also look early-birds
compared with the rush out of stocks – and into gold – needed to reach that 2.0
or 1.0 mark.’
BlogPost : Jon Stewart attacks Fox 'class warfare'
...Warren Buffett (Nati Harnik/AP) After Warren Buffett’s New York Times Op-ed
called for a tax on the.. (Washington Post) [Ignore
Buffett's Advice, Don't Buy Stocks at Forbes Bert Dohmen [ Yeah … this is
really good advice. As a shill for fraudulent wall street, they may have given
him some ‘stellar performances and cash to boot’; but, the homespun bumpkin
senile buffet’s analytical abilities, if ever really extant, have certainly
passed the point of no return. You may recall how the clintons, with a mere
$1,000 or so, were revealed as ‘commodities trading wizards’ (turned into in
excess of $100,000 or so), but as written up in the Wall Street Journal
‘someone was giving them money’. In fairness, that they were singled out (was)
is a bit arbitrary inasmuch as that’s going on all the time on wall street, and
now with greater precision owing to greater computer programming capabilities,
to everyone else’s detriment. Remember, in a manner of speaking, there are two
sides to every trade, viz., winner and loser (in relative terms).] ‘The
markets plunged going into August 8. On that day, the DJI closed with a loss of
629 points. My indicators signaled that a brief bounce would commence the next
day. According to the charts, the first target for the S&P 500 was 1205.
The target was hit exactly a few days later. That was followed by a renewed
plunge.
I have been
looking for a serious crisis to start in September. It appears that we have
seen the prelude for that. The big smart money has been preparing for the past
five months.You can see the “distribution pattern” on the charts since
mid-February. The rush to the exits is now accelerating and the smart money has
been selling short in large amounts.
The extreme
bullish sentiment that prevailed until the latest plunge was first replaced by
complacency, then by concern. However, the “fear” stage is still missing,
except at hedge funds that were forced to sell because of margin calls. In
fact, during the severe plunge in the first week of August, investment
investors became even more bullish according to Investorsintelligence.com. That
is not good for the markets.
The market
negatives are increasing in numbers. The IPO window is now shut. There are
signs that credit is once again vanishing. Loans are being called in, some
companies appear to have difficulties rolling over their Commercial Paper, junk
bonds yields are soaring, European banks may stop lending to each other, and
the European crisis is spreading out across the globe. It’s my view that this
will cause another credit crisis, just as in 2008.
What’s worse
is that contrary to 2008, the big players learned to read the signs from their
2008 mistakes. They are now wide awake, although in the media, their minions
still repeat the same bullish fairy tale. This means that this crisis could
develop much faster than the last one. (Read my book, Financial
Apocalypse, which is the
2008 roadmap, one which can be used very well for what is now happening.)
The words
“possible recession” suddenly is being mentioned a lot in the media, although
economists still strongly deny that possibility. Our rule is that the stronger
their denials, the more certain and the deeper the recession will be. In fact,
I declared in our May 9 issue of the Wellington Letter that the recession had
started.
Morgan Stanley
lowered its global GDP growth forecasts for 2012 from 4.5% to 3.8%. My forecast
is for 1%-2% or less. It would be negative growth except for the fudged
inflation numbers.
The European
politicians are not any smarter than those in the U.S. Merkel and Sarkozy had a
meeting in Paris and did nothing. That day I called the outcome “Disastrous”
for the markets. It took the markets a day to digest the consequences and then
the selling avalanche started. Many of the markets in Europe, led by the banks
stocks, went into virtual free falls, losing from 4%-7% in one day. Such losses
indicate an approaching crisis.
Now we see
some of the well-known Wall Street figures appearing in the media, telling
investors all the reasons why stocks are a good buy. One appeared with a long
list of bullish factors. Well, that list didn’t prevent the global stock market
from losing an incredible $6 trillion over the past several weeks. He did the
same cheerleading on national TV in 2007 before investors lost 50% of their
wealth.
Warren Buffett
is also once again the cheerleader saying he is buying stocks. He did that in
2007-2008 as well, and then the meltdown started later in 2008.
I would not
fall for this self-serving advice. Words cannot rescind a recession that we
already have, it cannot stop the insolvency of entire countries in Europe, it
can’t change the fact that major profit downgrades will appear soon, and it
can’t stop the China crisis that is now starting.
Gold is
soaring, but the mining stocks look terribly weak. There is great danger now
with the gold stocks getting hit hard by less developed countries, including South
Africa, to nationalize gold mines. This is too lucrative for them to resist.
I would get
out of all money market funds unless they are “U.S. government only.” The
MMFs have big exposure to European banks. We believe that lending between banks
in Europe may seize, which means that the whole structure will start shaking.
You will start hearing the word “contagion.”
In my opinion,
the danger period is approaching. What we have seen until now is just a
“preview.” The main feature is likely to be worse.
Bert Dohmen is
editor of Bert Dohmen’s
Wellington Letter and author of Prelude To Meltdown (2007) and Financial Apocalypse (2011).’
Banks
still struggling, despite bailout (Washington Post) [ Yeah … that’s the way
it is for banks in the midst of recession / depression / economic decline! The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed! What changed from yesterday which warranted a more
than 600 point plunge with paper stocks still over-valued and a 545 bounce off
of afternoon lows? Nothing! Absolutely nothing, yet a manipulated
computer-programmed churn-and-earn suckers’ rally based on fraud and b***s***
alone to keep suckers suckered, which makes for an especially great opportunity
to sell / take profits since there’s much, much worse to come! Famed economist predicts economic calamity in 2012. See the
evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com) [ The
instant video on the economic /
financial collapse from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which I believe to be correct. This is a must-view,
must-see that I strongly recommend!
The complete url:
http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ( 146mb – approx. 1
hr. 17 min. ) http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 ( 374mb
) Written text of
presentation (without pictures /
charts)] [A lot of pre-election
year obfuscation, manipulation but the debacle is already here: Harry Dent, Jr. Economy will be in a
Depression by 2011
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.
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
Dollar
down against major currencies Global investors are becoming antsy about the
dollar’s role as the currency at the core of the world’s financial system. (Washington Post) [ Antsy? At this point, if it was only just
‘antsy’ there’d be room to hope. Despite the understatement, this is now way
beyond ‘antsy’. Reality counts! For
first time, U.S. credit rating cut from AAA Standard & Poor’s announces
that it has downgraded U.S. government debt to AA+, dealing a huge symbolic
blow to the world’s economic superpower in what was a sharply worded critique
of the American political system. (Washington Post) [ Come on! Let’s get real
here! Symbolic? If it were only that. If it were only the american political
system, there’d at least be a plausible reason for hope, albeit futile even at
that. Indeed, pervasively corrupt, defacto bankrupt america, literally causing
destruction domestically and internationally, is a testament to the failure of
the american system generally, or more specifically what it has devolved into.
Whatever america was and purports to be, it certainly doesn’t take a PhD in
Poli Sci to know, ‘it ain’t that no more’. Moreover, the ‘genie’s out of the
bottle’ and try as they may, like ‘trying to put toothpaste back in the tube’,
or ‘unringing the bell’, perceptions of america will never be the same in the
most negative but realistic and factual sense; that is, beyond the propaganda,
efforts at censorship, and spin. Those ‘propaganda dogs don’t hunt no more.’ I
can further say that in america, by close observation and direct experience
(with more than sufficient representative sampling), I’ve seen and experienced
the worst of human nature; behavior so egregious so as to defy any known norms
of civilized behavior. Quite simply, there is no excuse for america! Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for
unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion,
PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while
other estimates exceed $100 trillion (these amounts are insurmountable) …’ America’s
shine is wearing off
The
powerless president Obama remains
indecisive, and ignored, as larger forces bring down the country. Robinson:
S&P downgrades the GOP (Washington Post) [ Riiiiight! It’s everything but ‘wobama the b’
(for b***s***) that’s to blame for the nation’s meltdown according to wobama
aficionados / intractable wobama apologists, Messieurs Milbank and Robinson.
Sweet Mr. Milbank even points to wobama’s personal character flaws (among many
unmentioned) to exculpate the failed president wobama. Wobama’s failed
miserably and yet had the easiest act in the world to follow in the persona of
fellow failed president war criminal dumbya bush whose failed policies up to
the real start of the election cycle he’s largely followed. After all, Mr.
Robinson, how different really are the parties these days when profligate
spending on illegal, unnecessary wars was continued when democrats controlled
congress, and then even the executive office when continuing failed president
and war criminal dumbya bush’s nation bankrupting, nation destroying war
policies, protection for unprecedentedly huge wall street frauds, bush tax cut
extensions for the wealthy, and then some (spending on top of it). Drudgereport: HARRY
BELAFONTE: Obama 'has failed'...
NOONAN:
'HE IS A LOSER'...
GALLUP:
40% APPROVAL...
Obama
takes debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most
importantly, realize that if wobama’s actions had not belied his words/campaign
promises, the nation’s position, though still ominous, would have been
substantially improved.
A
win for opponents of SEC’s new rules Court decision could spell trouble for
the agency as it puts in place some of the most far-reaching financial
regulations in years. (Washington Post) [ Oh come on! The biggest frauds in the
multi-trillions have been hands off despite the campaign promises to the
contrary. The u.s. courts are so corrupt, it’s doubtful they’d rule against
‘the big money’. That they don’t understand the economics / finance is
irrelevant to them; as is also so of the law and the facts which they probably
understand but ignore anyway. The most important consideration should be what
is obvious to all; viz., that the way things were not only facilitated the
fraudulent schemes that have brought down the nation, but will continue
prospectively as the frauds on wall street have been emboldened by the lack of
enforcement / prosecution. That said, there’s corruption thoughout the ranks of
the pervasively corrupt american government.
. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Rubin:
Fed to the country: the economy stinks
‘…information
received since the Federal Open Market Committee met in June indicates that
economic growth so far this year has been considerably slower than the
Committee had expected. Indicators suggest a deterioration in overall labor
market conditions in recent months, and the unemployment rate has moved up.The
report adds: “The Committee now expects a somewhat slower pace of recovery over
coming quarters than it did at the time of the previous meeting and anticipates
that the unemployment rate will decline only gradually toward levels that the
Committee judges to be consistent with its dual mandate.”
(Washington Post) [ As if we didn’t know and
needed them to tell us. Don’t forget, this pre-election year is as good as it
gets; yet is as dismal as can be imagined with substantially worse to follow.
Dual Mandate? I’m surprised they had the audacity to use the term. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! What changed from yesterday
which warranted a more than 600 point plunge with paper stocks still
over-valued and a 545 bounce off of afternoon lows? Nothing! Absolutely
nothing, yet a manipulated computer-programmed churn-and-earn suckers’ rally
based on fraud and b***s*** alone to keep suckers suckered, which makes for an
especially great opportunity to sell / take profits since there’s much, much
worse to come! Famed economist predicts economic calamity in 2012. See the
evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com)
What
can the Federal Reserve do? With the U.S. economy at risk of a double-dip
recession, the central bank lacks tools to do anything. (Washington Post) [ Oh
I’d say they’ve done quite enough … wouldn’t you? … Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This
catering to fraudulent wall street was a loser ab initio! That so-called
‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan
and failed miserably except for the frauds on wall street who commissioned up
and down; and, make no mistake, those computer-programmed high-frequency
trading volumes have now been maximized for nation-economy-draining profits for
the frauds like never before and have never been higher. The QE and dollar-debasement
policies were always predictably inflationary, ultimately hyperinflationary,
particularly for stocks; that ‘feel good’ obfuscation that was but in reality
good only for the frauds on wall street. No, there is no modern day alchemy
that spins worthless paper into gold except fraudulently for the frauds on wall
street who’ve literally oftimes done exactly that; ‘cashing out’ for hard
currency and gold, precious metals, at everyone else’s expense including main
street. ] In his June 7
speech, Fed Chairman Ben Bernanke stated, “the best way for the Federal Reserve
to support the fundamental value of the dollar in the medium term is to pursue
our dual mandate of maximum employment and price stability, and we will
certainly do that.”
.. Bernanke’s results
.. since Ben took the reins:
Feb ’06 –
April ’11
|
Items in a Typical Budget |
% Change |
|
Food and Beverages |
16.54% |
|
Water and sewer and trash collection services |
31.88% |
|
Rent of primary residence |
13.82% |
|
Housing |
8.68% |
|
Fuels and Utilities |
11.93% |
|
Apparel |
4.83% |
|
Medical Care |
20.11% |
|
Gasoline (all types) |
65.12% |
|
Transportation |
23.36% |
|
Tuition, other school fees, and childcare |
29.28% |
|
Recreation |
2.87% |
..
The standard unemployment rate most often used by the Fed is currently at 9.1%,
up 90% since Bernanke started. The more inclusive (realistic) U6 number
stands at 15.8%, up 75% in the same period. The Civilian Participation
Rate has declined 2.87% to 64.2%.
This is the
lowest level the U.S. has seen since March, 1984. The decline amounts to
8,946,844 fewer Americans in the labor force. Had they not dropped out
because of a lack of jobs, the “official” unemployment rate would be
significantly higher. While we can debate the meaning of the term maximum
employment, it is clear that the jobs data has deteriorated considerably since
Bernanke took the reins at the Fed. ..
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
Matt Marcewicz
& Robert Barone, Ph.D.
.. ‘
Obama
plans to preserve federal mortgage role The president’s decision to
preserve a major role for the government marks a big milestone in the effort to
craft a new housing policy from the wreckage of the mortgage meltdown.
(Washington Post) [ Oh yeah! You can count on the government! Whew! Close call!
Nothing to worry about now with the government on the job! A
win for opponents of SEC’s new rules Court decision could spell trouble for
the agency as it puts in place some of the most far-reaching financial
regulations in years. (Washington Post) [ Oh come on! The biggest frauds in the
multi-trillions have been hands off despite the campaign promises to the
contrary. The u.s. courts are so corrupt, it’s doubtful they’d rule against
‘the big money’. That they don’t understand the economics / finance is
irrelevant to them; as is also so of the law and the facts which they probably
understand but ignore anyway. The most important consideration should be what
is obvious to all; viz., that the way things were not only facilitated the
fraudulent schemes that have brought down the nation, but will continue
prospectively as the frauds on wall street have been emboldened by the lack of
enforcement / prosecution. That said, there’s corruption thoughout the ranks of
the pervasively corrupt american government.
. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants
and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Poll:
Sharp dissatisfaction with D.C. The public doubts the government can fix
the nation’s economic problems, Post poll shows. An
unlikely landlord: Uncle Sam
(Washington Post) [ No surprise there (the doubts)! Uncle Scam as landlord? Sounds like a
typical scam / fiasco / debacle in the making! Add limey (brits)-looking
(green) frogs (french) to the mix(ed up) in the pervasively corrupt defacto
bankrupt disunited states Italy
unveils plan to calm fears of escalating crisis (Washington Post) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still got problems. Europe’s
debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close
call! There you go. Nothing to worry about now that wobama’s got a boehner … so
not to be so hard on them; if pelosi says it, it must be true … Not!
…Pervasively corrupt, defacto bankrupt america, they, she look pretty greecey to
me. After all, if the same’s wobama’s ‘far-reaching plan on debt’, we all know
‘wobama the b’ (for b***s***) is total b***s*** which means like Greecey PIIGS
they’ll be back to the trough for more … slop … py. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for
unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion,
PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while
other estimates exceed $100 trillion (these amounts are insurmountable) …’ Famed economist
predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing to
political desperation
Economy
central as Obama starts tour With some of his harshest words yet, president
criticizes GOP candidates on taxes, debt. (Washington Post) [ The eternal
campaign(er) … he’s got a ‘good rap’ … that rapper ‘wobama the b’ (for
b***s***). Is
Obama’s fate written in numbers? Recent economic data amounts to a
formidable headwind for any incumbent president hoping for a second term. And
Democrats worry time is running out. (Washington Post) [ Let’s just say the
fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s
done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the
truth is he really screwed you’ … well you know that familiar theme and can ad
lib, insert your own words!
It’s
still Obama’s party Why he won’t face a primary challenge: Republicans and
racial politics. (Washington Post) [
It’s true … so right you are! Al Gore’s even pitchin’ in by donating the
talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a
song in wobama’s honor (kidding) which goes something like this , ‘It’s his
party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you
would cry too, if obama happened to you
… Well, there you go … if the song says
it it must be true. Yeah! And those dern republicans and their racial politics
… UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black
defendants and white victims' – Time to get whitey, at last, at last, etc., say
holder / wobama who go on to say ‘and they ain’t talking about Whitey Bulger,
the mobster, either!’
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Robinson:
Obama won the Iowa Straw Poll (Washington Post) [ Oh riiiiight! What, on the theory that so long
as you don’t hear wobama the b’s (for b***s***) words which invariably belie
his actions or non-actions, it’ a victory for wobama? I don’t think so; nor
does the overwhelming, including the unpolled, majority! Is
Obama’s fate written in numbers? Recent economic data amounts to a
formidable headwind for any incumbent president hoping for a second term. And
Democrats worry time is running out. (Washington Post) [ Let’s just say the
fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s
done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the
truth is he really screwed you’ … well you know that familiar theme and can ad
lib, insert your own words!
It’s
still Obama’s party Why he won’t face a primary challenge: Republicans and
racial politics. (Washington Post) [
It’s true … so right you are! Al Gore’s even pitchin’ in by donating the
talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a
song in wobama’s honor (kidding) which goes something like this , ‘It’s his
party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you
would cry too, if obama happened to you
… Well, there you go … if the song says
it it must be true. Yeah! And those dern republicans and their racial politics
… UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black
defendants and white victims' – Time to get whitey, at last, at last, etc., say
holder / wobama who go on to say ‘and they ain’t talking about Whitey Bulger,
the mobster, either!’ The
powerless president Obama remains
indecisive, and ignored, as larger forces bring down the country. Robinson:
S&P downgrades the GOP (Washington Post) [ Riiiiight! It’s everything but ‘wobama the b’
(for b***s***) that’s to blame for the nation’s meltdown according to wobama
aficionados / intractable wobama apologists, Messieurs Milbank and Robinson.
Sweet Mr. Milbank even points to wobama’s personal character flaws (among many
unmentioned) to exculpate the failed president wobama. Wobama’s failed
miserably and yet had the easiest act in the world to follow in the persona of
fellow failed president war criminal dumbya bush whose failed policies up to
the real start of the election cycle he’s largely followed. After all, Mr.
Robinson, how different really are the parties these days when profligate
spending on illegal, unnecessary wars was continued when democrats controlled
congress, and then even the executive office when continuing failed president
and war criminal dumbya bush’s nation bankrupting, nation destroying war
policies, protection for unprecedentedly huge wall street frauds, bush tax cut
extensions for the wealthy, and then some (spending on top of it). Drudgereport: HARRY
BELAFONTE: Obama 'has failed'...
NOONAN:
'HE IS A LOSER'...
GALLUP:
40% APPROVAL...
Obama
takes debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most importantly, realize that if
wobama’s actions had not belied his words/campaign promises, the nation’s
position, though still ominous, would have been substantially improved.
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Is
Obama’s fate written in numbers? Recent economic data amounts to a
formidable headwind for any incumbent president hoping for a second term. And
Democrats worry time is running out. (Washington Post) [ Let’s just say the
fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s
done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the
truth is he really screwed you’ … well you know that familiar theme and can ad
lib, insert your own words!
It’s
still Obama’s party Why he won’t face a primary challenge: Republicans and
racial politics. (Washington Post) [
It’s true … so right you are! Al Gore’s even pitchin’ in by donating the
talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a
song in wobama’s honor (kidding) which goes something like this , ‘It’s his
party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you
would cry too, if obama happened to you
… Well, there you go … if the song says
it it must be true. Yeah! And those dern republicans and their racial politics
… UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore
cases that involve black defendants and white victims' – Time to get whitey, at
last, at last, etc., say holder / wobama who go on to say ‘and they ain’t
talking about Whitey Bulger, the mobster, either!’
Postal
Service seeking 20 percent staff cut EXCLUSIVE | In cost-cutting bid, USPS
also proposes withdrawing employees from existing health and retirement plans
and creating its own benefit programs. Congress would need to sign off.
(Washington Post) [ I think it’s a great idea. Indeed, 50% would be
substantially better. Even better yet, UPS should take over their entire
operation. After all, UPS is well managed and efficient; and also, very
reliable. On the other hand, the USPS is poorly managed, inefficient, and very
unreliable: October 15, 2010 (*see
infra {ultimately delivered by UPS})
SHARE
YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
ATF Chief Melson:Justice
Department trying to shield officials (LATimes) Serrano
I believe him!
I truly empathize with the
ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize
some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual
citizenship with Italy), and some familiar crimes (ie., drug money laundering,
etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the
following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert
Williams, Todd McKeahan & Conway LeBleu: Died February
28, 1993 by gunfire at Waco. All four were examined by a pathologist and died
from identical wounds to the left temple. All four had been body guards for
Bill Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims Act probably would apply and I
would absent resolution seek to refer the within to a firm with expertise in
that area of the law with which I am not familiar).
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm
. With regard to the calls to the FBI’s LA and New Haven, CT
offices: There was one call to the LA office and I was referred to the Long
Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as
indicative of same (he was transferred from said office within approximately a
month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
- A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc..
- Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page
1
Page 2
]
- Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part
- crossexamofcoanbypeia.pdf ]
- Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
- Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In
addition to being 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. As much as I hate the mob,
it truly was funny, if not so tragic.], Alito is also
corrupt (and maybe corrupt because he is inept). After a reasonable (but
still rather short) time I called to determine the status and was told that
Alito was no longer with the Office of the U.S. Attorney, that he was
(appointed) a federal judge, and that neither the documents nor any file
or record of same could be located. Alito did parley the same / cover-up
into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real application
of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I
hesitate to chance greater non-performance / worsening by their ‘fix’ so cell
phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama
has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP |
Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Sincerely
and Regards,
Al
Peia
Show
us your debt plan A challenge to the president, his opponents — and you.
(Washington Post) [ Come on! This is disingenuously rhetorical. At the least,
you look at reality. Pervasively corrupt, defacto bankrupt america’s growth
days (and hence those rosy assumptions) are gone forever. Second, you begin
with the amount that must be cut to avoid further dollar debasement among other
obfuscating gimmicks which worsen the dismal scenario ($3 trillion over 10 years
doesn’t come close to doing it). Thirdly, those responsible must be held
accountable (and meaningful law must count for all!). 8 More Reasons Why You Should Be Deeply Concerned That
The U.S. Government Has Lost Its AAA Credit Rating The Economic Collapse
‘… #8
The U.S. national debt continues to get worse by the day. Just check out
what economics
professor Laurence J. Kotlikoff recently told NPR….“If you add up
all the promises that have been made for spending obligations, including
defense expenditures, and you subtract all the taxes that we expect to collect,
the difference is $211 trillion. That’s the fiscal gap” ..’ Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long
time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total federal spending in
2010 amounted to $3.456 trillion. Total receipts added up to $2.162 trillion.
USA Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7
trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for
unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion,
PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while
other estimates exceed $100 trillion (these amounts are insurmountable) …’ Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell
Markets
begin week on calmer note The positive results showed that the markets may
be able to hang on to their gains. (Washington Post) [ The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed! So what’s changed of significance (other than the
full moon and consequent effects on the lunatic wall street frauds Train
Reading: The Stock Market Is Insane The Wall Street Journal ).
Nothing! Stocks rally on bad news, fraud,
and b***s*** alone! 3
Reasons Markets Finished Up For the Third Straight Day Wall St. Cheat
Sheet 1) U.S. economic data. According to the National Association of Home Builders, builder confidence
in the market for newly built, single-family homes – the National
Association of Home Builders/Wells Fargo Housing Market Index – was unchanged in
August at a low level of 15. Also being reported today was an assessment of New
York-area manufacturing activity, which declined for the third consecutive
month and fell short of economists’ expectations.. 2) Japan. [Come on ... If
the ‘meltdown’ proved anything it’s that Japan’s as bad as america in dealing
with and reporting reality.] Japan’s
economy
contracted less than expected in the second quarter, despite a huge blow to
industry and production dealt by the March 11 earthquake and tsunami. Gross
domestic product declined at an annualized rate of 1.3% in the quarter ending
June 30. Economists had forecast a 2.5% decline.. 3) Crude futures. After
tumbling considerably over the past few weeks, crude-oil
futures began to recover today. Crude for September delivery climbed
roughly 3% today on the New York Mercantile Exchange, giving energy stocks a
boost. Exxon Mobil , BP , Marathon , and Chevron all gained over 3% today …’ In
a Downtrend, Sell a Rally (Daily FX) Latest:
Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. ‘Aftershock’ Book Predicts Economic Disaster Amid
Controversy Disturbing
Charts Show Economic Meltdown in 2012. See the Evidence. (Newsmax.com)
Five
Reason Stocks Are Crashing, Tips to Prepare for Meltdown (Moneynews) Unthinkable Poised to Happen on Wall Street. See Disturbing
Charts. (Newsmax.com) US Recession Is
Guaranteed: Expert CNBC.com
Europe’s
crisis and the psychology of fear (Washington Post) [ Given the reality and magnitude of Europe’s
problems going forward, dwarfed only by the magnitude of those of pervasively
corrupt, defacto bankrupt america, it brings to mind the words of the former
Intel CEO (co-founder) Andy Grove ‘ Only the paranoid survive’ (of course,
having survived the Nazis and escaped Communist-controlled Hungary in Europe,
as a jew, one has to assume his perspective / outlook was somewhat ‘skewed’
thereby). Yet, let’s not kid ourselves to the point where virtual survival is
threatened and at stake as is so for the EU. America
isn’t alone in the downgrade spiral (WP) Indeed, the EU has followed the contra-indicated perma war,
evermore worthless Weimar currency, and a predispositon / tacit acceptance of paper
securities schemes / scams / frauds which are integral to america’s ongoing,
albeit obfuscated, debacle / crisis which given the unfunded debt load pegged
at $211 Trillion among other estimates, is insurmountable and will end quite
badly. Poll:
Sharp dissatisfaction with D.C. The public doubts the government can fix
the nation’s economic problems, Post poll shows. An
unlikely landlord: Uncle Sam (WP) [
No surprise there (the doubts)! Uncle
Scam as landlord? Sounds like a typical scam / fiasco / debacle in the making! Add limey
(brits)-looking (green) frogs (french) to the mix(ed up) in the pervasively
corrupt defacto bankrupt disunited states
Italy
unveils plan to calm fears of escalating crisis (WP) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still got problems. Europe’s
debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close
call! There you go. Nothing to worry about now that wobama’s got a boehner … so
not to be so hard on them; if pelosi says it, it must be true … Not!
…Pervasively corrupt, defacto bankrupt america, they, she look pretty greecey
to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’, we all
know ‘wobama the b’ (for b***s***) is total b***s*** which means like Greecey
PIIGS they’ll be back to the trough for more … slop … py. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for
unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion,
PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while
other estimates exceed $100 trillion (these amounts are insurmountable) …’ Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing
to political desperation! Why
You Shouldn't Buy Into This Plunge Forbes/O'Neil‘The market is
building momentum to the downside’. Wall Street
closes worst week since '08 with wild day NEW YORK (Reuters) S&P
on U.S. downgrade: Debt pact 'falls short' - Reuters S&P
downgrades US credit rating from AAA S&P
Shocks the U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat Sheet What
Recovery? Forbes
‘…we can’t call this a recovery. There’s no reason to celebrate when a
job report was better than expected. Why? Because the expectation was abysmal
to begin with. And while we’re at it, we can’t ignore increasing sovereign debt
problems in Europe…’ ‘Top
3 Reasons Markets Erased the Year’s Gains Wall St. Cheat Sheet 1) Japan and Europe 2) Unemployment.3)
Capital goods - billions of dollars in lost revenue. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To
Meltdown,
predicting the global crisis that occurred the following year. I
now see a similar confluence of events that warns of phase II of the global
crisis… My work shows that “the new recession has started.”… Over the past 33
years, we have called the start of every recession, often on the exact month,
or within one month, of the official start as determined one year later by the
official arbiter of recession, the National Bureau of Economic Research (NBER)…
However, inflation is far understated for political reasons. Currently, the GDP
deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction…’FLASHBACK HERE: Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher.
Krauthammer:
Our political system is working well (Washington Post) [ Wow! There was a time back in the late sixties,
early seventies when there were these long-haired people chastised by the
so-called ‘establishment’ that would have just loved to be doin’ whatever it is
that Mr. Krauthammer’s been doing to arrive at such a conclusion, so glaringly
devoid of any reality whatsoever. Psychedelics, hallucinogens, magic mushrooms;
what could it be that has brought Mr. Krauthammer into this fantasy world where
even ‘Alice’ of Wonderland fame might feel comfortable in this netherland (sic)
/ netherworld created from the depths of Mr. Krauthammer’s imagination. I’m
truly at a loss for words. After all, the warning by the underrated but great
President General Eisenhower of the impending inherent danger of the military
industrial complex came to fruition with the assassination of JFK and the
reality of a coup d’etat thereby. All presidents, along with the two remaining
branches of the pervasively corrupt, defacto bankrupt american government since
have been at best stooges for such as the military industrial complex, the
banksters / frauds on wall street, etc., to the substantial detriment of the
vast majority in this country and throughout the world (ie., perma wars, huge
securities frauds still extant / now marked to anything as per congressional
FASB rule change, and unprosecuted. Beyond the immediate reach, or at least
‘penetration’ of american propaganda, an intelligent and astute individual, Legendary
Investor Jeremy Grantham: America is a Banana Republic Washington’s
Blog | Just different bananas perhaps? { Of course this is absolutely
true! And not just from the meaningfully lawless perspective – I had made such
a statement on the record in a LA Superior Court Appellate Dept. proceeding in
which said court literally ignored the law (the same is true of the costly,
plushly accoutered lifetime appointee federal courts) which courts should
indeed be abolished in these difficult economic / budgetary times.
Additionally, from pervasive corruption, to debased over-printed currency, to
gunboat diplomacy, to total incompetence, etc., america is indeed a banana
republic at most. } I didn’t see the
debates {what does it matter what they say – the egregious ‘wobama the b’ (for
b***s***) fatigue factor / experience} nor have I read Mr. Robinson’s article,
‘GOP
Debate Land’ but I’m sure I’d agree with his conclusion, ‘I didn’t recognize the America the GOP
candidates described;’ but unfortunately, I do recognize the pervasively
corrupt, defacto bankrupt america of ‘wobama the b’ (for b***s***), failed
president like his predecessor, moron war criminal dumbya bush, that he is. The
powerless president Obama remains indecisive,
and ignored, as larger forces bring down the country. Robinson:
S&P downgrades the GOP (WP) [
Riiiiight! It’s everything but ‘wobama the b’ (for b***s***) that’s to blame
for the nation’s meltdown according to wobama aficionados / intractable wobama
apologists, Messieurs Milbank and Robinson. Sweet Mr. Milbank even points to
wobama’s personal character flaws (among many unmentioned) to exculpate the
failed president wobama. Wobama’s failed miserably and yet had the easiest act
in the world to follow in the persona of fellow failed president war criminal
dumbya bush whose failed policies up to the real start of the election cycle
he’s largely followed. After all, Mr. Robinson, how different really are the
parties these days when profligate spending on illegal, unnecessary wars was
continued when democrats controlled congress, and then even the executive
office when continuing failed president and war criminal dumbya bush’s nation
bankrupting, nation destroying war policies, protection for unprecedentedly
huge wall street frauds, bush tax cut extensions for the wealthy, and then some
(spending on top of it).
Drudgereport:
HARRY
BELAFONTE: Obama 'has failed'...
NOONAN:
'HE IS A LOSER'...
GALLUP:
40% APPROVAL...
Obama
takes debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most
importantly, realize that if wobama’s actions had not belied his words/campaign
promises, the nation’s position, though still ominous, would have been
substantially improved.
Poll:
Sharp dissatisfaction with D.C. The public doubts the government can fix
the nation’s economic problems, Post poll shows. An
unlikely landlord: Uncle Sam
(Washington Post) [ No surprise there (the doubts)! Uncle as landlord? Sounds like a typical
scam / fiasco / debacle in the making! Add limey (brits)-looking (green) frogs
(french) to the mix(ed up) in the pervasively corrupt defacto bankrupt
disunited states Italy
unveils plan to calm fears of escalating crisis (Washington Post) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still got problems. Europe’s
debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close
call! There you go. Nothing to worry about now that wobama’s got a boehner … so
not to be so hard on them; if pelosi says it, it must be true … Not!
…Pervasively corrupt, defacto bankrupt america, they, she look pretty greecey
to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’, we all
know ‘wobama the b’ (for b***s***) is total b***s*** which means like Greecey
PIIGS they’ll be back to the trough for more … slop … py. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so for
a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for
unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion,
PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while
other estimates exceed $100 trillion (these amounts are insurmountable) …’ Famed economist
predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing
to political desperation! Why
You Shouldn't Buy Into This Plunge Forbes/O'Neil‘The market is
building momentum to the downside’. Wall Street
closes worst week since '08 with wild day NEW YORK (Reuters) S&P
on U.S. downgrade: Debt pact 'falls short' - Reuters S&P
downgrades US credit rating from AAA S&P
Shocks the U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat Sheet What
Recovery? Forbes
‘…we can’t call this a recovery. There’s no reason to celebrate when a
job report was better than expected. Why? Because the expectation was abysmal
to begin with. And while we’re at it, we can’t ignore increasing sovereign debt
problems in Europe…’ ‘Top
3 Reasons Markets Erased the Year’s Gains Wall St. Cheat Sheet 1) Japan and Europe 2) Unemployment.3)
Capital goods - billions of dollars in lost revenue. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To
Meltdown,
predicting the global crisis that occurred the following year. I
now see a similar confluence of events that warns of phase II of the
global crisis… My work shows that “the new recession has started.”… Over the
past 33 years, we have called the start of every recession, often on the exact
month, or within one month, of the official start as determined one year later
by the official arbiter of recession, the National Bureau of Economic Research
(NBER)… However, inflation is far understated for political reasons. Currently,
the GDP deflator is 1.8%, which hardly reflects the true rise in prices.
Therefore, what is counted as “growth,” is actually price increases. Actual
inflation, according to free market economists who calculate inflation as it
was done in 1980 before the politician re-engineered it, is now more than 11%.
Using that to adjust GDP for inflation, would show that the economy is now in a
very sharp contraction…’FLASHBACK HERE: Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher.
European
economies brace as Germany slows Discouraging news about the pace of growth
came just hours before German and French leaders called for new steps to impose
discipline on governments whose lax budget practices prompted the debt crisis.
(Washington Post) [ First, let’s call this economic scenario what it is; viz.,
the ‘d’ word … ‘depression’. For those who find that term unutterable, then
‘double-dip recession’ is the term for you. All the dollar debasement
(over-printing, etc.) for the benefit of the frauds on wall street et als to
the substantial detriment of everyone else can’t change and has exacerbated and
obfuscated this fact. Moreover, there has been a manipulated churn-and-earn
high-frequency trading bubble-bull cycle in what is unmistakably a secular bear
market. Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com) ‘Robert Wiedemer’s new book,
“Aftershock: Protect Yourself and Profit in the Next Global Financial
Meltdown,” quickly is becoming the survival guide for the 21st century. And
Newsmax’s eye-opening Aftershock Survival Summit video, with exclusive interviews
and prophetic predictions, already has affected millions around the world — but
not without ruffling a few feathers.
[ The instant video on the
economic / financial collapse from Stansberry and Associates is so well
researched and succinctly presented that I’ve archived same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which I believe to be correct. This is a must-view,
must-see that I strongly recommend!
The complete url: http://www.albertpeia.com/stansberrysinvestmentadvisory.flv
) http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 Written text of presentation (without
pictures / charts)] [A lot of pre-election year obfuscation,
manipulation but the debacle is already here:
Harry Dent, Jr. Economy will be in a
Depression by 2011
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.
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). 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.
Make
way for the ‘super bundlers’ The
2010 elections saw the rise of “Super PACs.” In 2012 it will be a new breed of
fundraisers. (Washington Post) [ ‘Super bundlers’? If Mr. Eggen had said
‘facilitators for the super bunglers’, I would have recognized what he meant.
But, ‘super bundlers’ immediately brings to mind another kind of fraud / scam,
viz., those ‘bundled’ toxic asset worthless paper securities things so
lucratively popularized by the frauds on wall street with the blessing of their
‘amen corner’ in Washington to the detriment of this and other nations and
particularly this nation’s taxpayers / middleclass who’ve been decimated. If he
had called them what they more realistically are, viz., visible slush funds for
those visible invisible quid pro quo / bribe schemes, welfare of the nation be
damned, I indeed would have known what I think he meant. Is
Obama’s fate written in numbers? Recent economic data amounts to a
formidable headwind for any incumbent president hoping for a second term. And
Democrats worry time is running out. (Washington Post) [ Let’s just say the
fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s
done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the
truth is he really screwed you’ … well you know that familiar theme and can ad
lib, insert your own words!
It’s
still Obama’s party Why he won’t face a primary challenge: Republicans and
racial politics. (Washington Post) [
It’s true … so right you are! Al Gore’s even pitchin’ in by donating the
talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a
song in wobama’s honor (kidding) which goes something like this , ‘It’s his
party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you
would cry too, if obama happened to you
… Well, there you go … if the song says
it it must be true. Yeah! And those dern republicans and their racial politics
… UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore
cases that involve black defendants and white victims' – Time to get whitey, at
last, at last, etc., say holder / wobama who go on to say ‘and they ain’t
talking about Whitey Bulger, the mobster, either!’
Postal
Service seeking 20 percent staff cut EXCLUSIVE | In cost-cutting bid, USPS
also proposes withdrawing employees from existing health and retirement plans
and creating its own benefit programs. Congress would need to sign off.
(Washington Post) [ I think it’s a great idea. Indeed, 50% would be
substantially better. Even better yet, UPS should take over their entire
operation. After all, UPS is well managed and efficient; and also, very
reliable. On the other hand, the USPS is poorly managed, inefficient, and very
unreliable: October 15, 2010 (*see
infra {ultimately delivered by UPS})
SHARE
YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
ATF Chief Melson:Justice
Department trying to shield officials (LATimes) Serrano
I believe him!
I truly empathize with the
ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize
some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual
citizenship with Italy), and some familiar crimes (ie., drug money laundering,
etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the
following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams,
Todd McKeahan & Conway LeBleu: Died February 28, 1993 by
gunfire at Waco. All four were examined by a pathologist and died from
identical wounds to the left temple. All four had been body guards for Bill
Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims Act probably would apply and I
would absent resolution seek to refer the within to a firm with expertise in
that area of the law with which I am not familiar).
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm
. With regard to the calls to the FBI’s LA and New Haven, CT
offices: There was one call to the LA office and I was referred to the Long
Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I
gave probative evidentiary documents of the money laundering which he confirmed
as indicative of same (he was transferred from said office within approximately
a month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
- A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc..
- Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page
1
Page 2
]
- Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part
- crossexamofcoanbypeia.pdf ]
- Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
- Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In
addition to being 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. As much as I hate the mob,
it truly was funny, if not so tragic.], Alito is also
corrupt (and maybe corrupt because he is inept). After a reasonable (but
still rather short) time I called to determine the status and was told
that Alito was no longer with the Office of the U.S. Attorney, that he was
(appointed) a federal judge, and that neither the documents nor any file
or record of same could be located. Alito did parley the same / cover-up
into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I
hesitate to chance greater non-performance / worsening by their ‘fix’ so cell
phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can reasonably
be presumed to have been tampered with, and hence, a violation of the federal
statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama
has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP |
Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Sincerely
and Regards,
Al
Peia
The
new Manchurian candidate The sad facts behind Rick Perry’s Texas ‘miracle’.
(Washington Post) [ I haven’t looked too closely at this yet. After all, bushed
of bushes and then there was johnson who’ve really done enough damage to
warrant looking askance. Yet, there’s Ross Perot (not running) and Ron Paul;
and of course, the great but substantially underrated President General
Eisenhower was born there though raised in Kansas. To his credit, he’s railed
against the incompetent wall street fraud oriented fed though one must still
say of same, better late than never. It’s that bushie / johnson war thing that
gives pause. Then there’s the gore / lieberman / nafta / now / bilderberg
connection … what’s up with that? (to quote Keenan Thompson of SNL fame). Then
there’s the Austin, Texas – based infowars.com / prisonplanet.com / Jone
contingent who remain unconvinced: Tell
Rick Perry that there was NO ‘Texas Miracle’ Len Hart | The only pockets lined by GOP largesse (pork) are
the pockets of an increasingly tiny ruling elite now just 1 percent of the
total US population. Rick Perry’s Campaign Strategy: Become Ron Paul Steve
Watson | Texas Governor promotes fiscal responsibility while his own state sits
on a $13.4 billion deficit.
Stocks
end 3-day rally U.S. stocks fall after a weak growth report in Europe
rekindled fears about a global economic slowdown. (Washington Post) [ Let’s not
kid ourselves, if it’s ‘not happening’ in Germany, it’s not happening;
b***s***, spin, and politicking aside. Japan’s numbers, bad as they were, are
too americanized to be believed and pervasively corrupt, defacto bankrupt
american numbers are just plain ‘american’ (which if you’re not paying
attention, is very negative. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! So what’s changed of
significance (other than previous full moon and consequent effects on the
lunatic wall street frauds Train
Reading: The Stock Market Is Insane The Wall Street Journal ).
Nothing! Stocks rally off lows on bad news,
fraud, and b***s*** alone! There's
A Recession Coming According To The Data at Forbes , Dell braces investors for a bumpy road 16 Aug 2011 Dell
makes a case on why it can better weather an upcoming storm, S&P
says sell Google's shares after Motorola deal , STOCKS
FALL AFTER FLOOD OF BAD NEWS: Here's What You Need To Know Joe Weisenthal , Stocks
Slip On Concern Over Europe's Debt, U.S. Data , Watch
Out: 2011 Looks A Lot Like The Market Top In 2007
Sean Hanlon Take
A Lesson From 2007 And Sell Stocks Now at Forbes, [video]
Trader: We Could Test 1120 Lows at TheStreet.com In
a Downtrend, Sell a Rally (Daily FX) Latest:
Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. ‘Aftershock’
Book Predicts Economic Disaster Amid Controversy Disturbing
Charts Show Economic Meltdown in 2012. See the Evidence. (Newsmax.com)
Five
Reason Stocks Are Crashing, Tips to Prepare for Meltdown (Moneynews) Unthinkable Poised to Happen on Wall Street. See Disturbing
Charts. (Newsmax.com) US Recession Is
Guaranteed: Expert CNBC.com Absolutely nothing, yet a manipulated computer-programmed ( high frequency trading bots )
churn-and-earn suckers’ rally based on desperation, fraud and b***s*** alone
(ie., backward looking, ‘revisions’, faked data, etc.) to keep suckers
suckered, which makes for an especially great opportunity to sell / take
profits since there’s much, much worse to come
Perry
attack puts pressure on Fed ANALYSIS | The central bank is supposed to make
its decisions based on economics, not politics. Perry
takes aim at Bernanke (Washington
Post) [ When you’re right, you’re right. Can’t take that away from him. What
can the Federal Reserve do? With the U.S. economy at risk of a double-dip
recession, the central bank lacks tools to do anything. (Washington Post) [ Oh
I’d say they’ve done quite enough … wouldn’t you? … Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This
catering to fraudulent wall street was a loser ab initio! That so-called ‘wealth
effect’ market froth was used previously by senile ‘maestro’ greenspan and
failed miserably except for the frauds on wall street who commissioned up and
down; and, make no mistake, those computer-programmed high-frequency trading
volumes have now been maximized for nation-economy-draining profits for the
frauds like never before and have never been higher. The QE and
dollar-debasement policies were always predictably inflationary, ultimately
hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that
was but in reality good only for the frauds on wall street. No, there is no
modern day alchemy that spins worthless paper into gold except fraudulently for
the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing
out’ for hard currency and gold, precious metals, at everyone else’s expense
including main street. ] In
his June 7 speech, Fed Chairman Ben Bernanke stated, “the best way for the
Federal Reserve to support the fundamental value of the dollar in the medium
term is to pursue our dual mandate of maximum employment and price stability,
and we will certainly do that.”
.. Bernanke’s
results .. since Ben took the reins:
Feb ’06 –
April ’11
|
Items in a Typical Budget |
% Change |
|
Food and Beverages |
16.54% |
|
Water and sewer and trash collection services |
31.88% |
|
Rent of primary residence |
13.82% |
|
Housing |
8.68% |
|
Fuels and Utilities |
11.93% |
|
Apparel |
4.83% |
|
Medical Care |
20.11% |
|
Gasoline (all types) |
65.12% |
|
Transportation |
23.36% |
|
Tuition, other school fees, and childcare |
29.28% |
|
Recreation |
2.87% |
..
The standard unemployment rate most often used by the Fed is currently at 9.1%,
up 90% since Bernanke started. The more inclusive (realistic) U6 number
stands at 15.8%, up 75% in the same period. The Civilian Participation
Rate has declined 2.87% to 64.2%.
This is the
lowest level the U.S. has seen since March, 1984. The decline amounts to
8,946,844 fewer Americans in the labor force. Had they not dropped out
because of a lack of jobs, the “official” unemployment rate would be significantly
higher. While we can debate the meaning of the term maximum employment,
it is clear that the jobs data has deteriorated considerably since Bernanke
took the reins at the Fed. ..
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
Matt Marcewicz
& Robert Barone, Ph.D... ‘
Market
plunge reawakens recession fears Bleak numbers for U.S. jobs, housing and
manufacturing compounded the anxiety over European woes, sparking a market
sell-off and wiping out the major U.S. indexes’ gains from earlier this week.
(Washington Post) [ The frauds on wall street
et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train
Reading: The Stock Market Is Insane The Wall Street Journal Stocks rally off lows to suck
suckers in and keep suckers sucked in on bad news (Jobless
Claims, Inflation Rise More Than Expected CNBC) , fraud ( SEC destroyed documents, senator says ), and b***s*** alone! MKM
Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows Barrons.com,
WHY NEW
LOWS ARE LIKELY 8-18-11 Maierhofer, Is It 2008 Again? Looking at the
Summer Crash of 2011 Gayed ‘A real bear market
has begun …’ ,
Abandon Ship?[The USS Titanic] Yes,
Because of These 5 Bearish Icebergs ... McGill ,
There's
A Recession Coming According To The Data at Forbes , HP, Dell
hammered as tech-spending outlook darkens JDSU, NetApp, disappointing figures, shares hit hard in
after-hours trade
Dell braces investors for a bumpy road Dell makes a case on
why it can better weather an upcoming storm
, S&P
says sell Google's shares after Motorola deal , STOCKS
FALL AFTER FLOOD OF BAD NEWS: Here's What You Need To Know Joe Weisenthal , Stocks
Slip On Concern Over Europe's Debt, U.S. Data , Watch
Out: 2011 Looks A Lot Like The Market Top In 2007
Sean Hanlon Take
A Lesson From 2007 And Sell Stocks Now at Forbes, [video]
Trader: We Could Test 1120 Lows at TheStreet.com In
a Downtrend, Sell a Rally (Daily FX) Latest:
Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com) Five
Reason Stocks Are Crashing, Tips to Prepare for Meltdown (Moneynews) Unthinkable Poised to Happen on Wall Street. See Disturbing
Charts. (Newsmax.com) US Recession Is
Guaranteed: Expert CNBC]
Obama
issues first explicit call for Syrian president to resign The rhetorical
escalation was backed by sanctions designed to undermine military operations.
(Washington Post) [ The reply: right after you wobama for gross incompetence,
for harboring war criminals bush and cheney et als, for unconstitutional
exercise of war powers alluded to by congressional members, for fraud in the
inducement and factum (false campaign statements/promises), and as soon as you
return that ridiculous thing called the ‘nobel peace prize’ belied by your
actions, etc.. Come on! Who takes this clown, ‘wobama the b’ (for b***s***),
seriously. He’s a total joke and totally pathetic at once! Robinson:
Obama won the Iowa Straw Poll (Washington Post) [ Oh riiiiight! What, on the theory that so long
as you don’t hear wobama the b’s (for b***s***) words which invariably belie
his actions or non-actions, it’ a victory for wobama? I don’t think so; nor
does the overwhelming, including the unpolled, majority! Is
Obama’s fate written in numbers? Recent economic data amounts to a
formidable headwind for any incumbent president hoping for a second term. And
Democrats worry time is running out. (Washington Post) [ Let’s just say the
fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s
done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the
truth is he really screwed you’ … well you know that familiar theme and can ad
lib, insert your own words!
It’s
still Obama’s party Why he won’t face a primary challenge: Republicans and
racial politics. (Washington Post) [
It’s true … so right you are! Al Gore’s even pitchin’ in by donating the
talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a
song in wobama’s honor (kidding) which goes something like this , ‘It’s his
party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you
would cry too, if obama happened to you
… Well, there you go … if the song says
it it must be true. Yeah! And those dern republicans and their racial politics
… UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black
defendants and white victims' – Time to get whitey, at last, at last, etc., say
holder / wobama who go on to say ‘and they ain’t talking about Whitey Bulger,
the mobster, either!’ The
powerless president Obama remains
indecisive, and ignored, as larger forces bring down the country. Robinson:
S&P downgrades the GOP (Washington Post) [ Riiiiight! It’s everything but ‘wobama the b’
(for b***s***) that’s to blame for the nation’s meltdown according to wobama
aficionados / intractable wobama apologists, Messieurs Milbank and Robinson.
Sweet Mr. Milbank even points to wobama’s personal character flaws (among many
unmentioned) to exculpate the failed president wobama. Wobama’s failed
miserably and yet had the easiest act in the world to follow in the persona of
fellow failed president war criminal dumbya bush whose failed policies up to
the real start of the election cycle he’s largely followed. After all, Mr. Robinson,
how different really are the parties these days when profligate spending on
illegal, unnecessary wars was continued when democrats controlled congress, and
then even the executive office when continuing failed president and war
criminal dumbya bush’s nation bankrupting, nation destroying war policies,
protection for unprecedentedly huge wall street frauds, bush tax cut extensions
for the wealthy, and then some (spending on top of it). Details
of Obama’s jobs plan emerge President is thinking about proposing tax cuts
for companies that hire workers, new spending for roads and construction, and
other measures that target the long-term unemployed, administration officials
say. (Washington Post) [ Oh come on!
Too little, too late for ‘wobama the b’ (for b***s***), the eternal
campaign(er) … he’s got a ‘good rap’ … that rapper ‘wobama the b’ (for
b***s***). Really! He’s a total
embarrassment out there on the campaign trail; and just as much an
embarrassment for those who turn out to see him … maybe he’s somewhat of an
allure as in a freak show. He’s a total joke! To be finally talking jobs and
things just before the election having broken previous campaign promises in his
failed role as ‘bush failure 3’. Even his pension is undeserved so much a fraud
is he! Black
caucus: Tired of making excuses for Obama [ They are not alone! ] Washington
Examiner | A key member of
the Congressional Black Caucus says they don’t pressure President Obama because
he is loved by black voters. Obama ‘Takes More Vacations Than Any Human Being I’ve
Ever Seen’ Fox News | “Here we have a country that really is going
to hell in a handbasket.” Bus Tour Bust: Obama’s Approval Plummets Back Into 30s,
Says Gallup CNS News | Obama’s politically charged but taxpayer
funded bus tour through the Midwest turned into a bust yesterday. Disapproval of Congress Hits All Time High of 84% Paul
Joseph Watson | Americans are more upset with political leadership than ever
before.
Drudgereport: BLACK CAUCUS ON OBAMA: 'WE'RE GETTING TIRED' [ Not as
tired of wobama’s b***s*** / excuses as the ‘White Caucus’ and any other Caucus
– but, don’t be taken in by their b***s***; they’ll ‘back the black’ every
time, regardless! ]New low of 26% approve of Obama on economy...
Inflation
builds...
FOOD
PRICES RISING...
UNEMPLOYMENT
UP...
OBAMA
TO LAY OUT JOBS PLAN -- AFTER VACATION...
'Takes
More Vacations Than Any Human Being I've Ever Seen'...
Commiserates
with jobless, then off to the Vineyard...
Even
that italian, belafonte, isn’t buying ‘wobama brand(ed)’:
Drudgereport: HARRY
BELAFONTE: Obama 'has failed'...
NOONAN:
'HE IS A LOSER'...
GALLUP:
40% APPROVAL...
Obama
takes debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most importantly, realize that if
wobama’s actions had not belied his words/campaign promises, the nation’s
position, though still ominous, would have been substantially improved.
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama
has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP |
Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Democrats
strike back on taxes Obama and others are gambling that voters will see
GOP’s stance as recalcitrant and out-of-touch. (Washington Post) [ Ooooh! ‘The
Empire Strikes Back’! They’ve done it again! Brilliant political gambit!
Checkmate in 2 … 012 … NOT! … Come on! While perma-war/wall-street-fraud-etc.-lovin’
republicans, as democrats, are complicit in this mess called pervasively
corrupt, defacto bankrupt disunited states of america, recalcitrance and
out-of-touch is hardly the exclusive province of one party or the other which
have in large measure morphed into one conglomeration of venality,
self-interest, crime, incompetence and corruption. Actions, not words, count!
Results count! How ‘bout recounting the actions, results! Dismal at best,
globally embarrassing at worst! Italy
unveils plan to calm fears of escalating crisis (WP) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still got problems. Europe’s
debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close
call! There you go. Nothing to worry about now that wobama’s got a boehner … so
not to be so hard on them; if pelosi says it, it must be true … Not!
…Pervasively corrupt, defacto bankrupt america, they, she look pretty greecey
to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’, we all
know ‘wobama the b’ (for b***s***) is total b***s*** which means like Greecey
PIIGS they’ll be back to the trough for more … slop … py. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob
Chapman |
America is
insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME
STATEMENT:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for unfunded obligations vary.
Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross estimates
the unreported debt to be $75 trillion, while other estimates exceed $100
trillion (these amounts are insurmountable) …’ Famed economist predicts economic calamity
in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for
fake gov’t data / reports owing to political desperation! Why
You Shouldn't Buy Into This Plunge Forbes/O'Neil‘The market is
building momentum to the downside’. Wall Street
closes worst week since '08 with wild day NEW YORK (Reuters) S&P
on U.S. downgrade: Debt pact 'falls short' - Reuters S&P
downgrades US credit rating from AAA S&P
Shocks the U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat Sheet What
Recovery? Forbes
‘…we can’t call this a recovery. There’s no reason to celebrate when a
job report was better than expected. Why? Because the expectation was abysmal
to begin with. And while we’re at it, we can’t ignore increasing sovereign debt
problems in Europe…’ ‘Top
3 Reasons Markets Erased the Year’s Gains Wall St. Cheat Sheet 1) Japan and Europe 2) Unemployment.3)
Capital goods - billions of dollars in lost revenue. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To
Meltdown,
predicting
the global crisis that occurred the following year. I now see a similar
confluence of events that warns of phase II of the global crisis… My work
shows that “the new recession has started.”… Over the past 33 years, we have
called the start of every recession, often on the exact month, or within one
month, of the official start as determined one year later by the official
arbiter of recession, the National Bureau of Economic Research (NBER)… However,
inflation is far understated for political reasons. Currently, the GDP deflator
is 1.8%, which hardly reflects the true rise in prices. Therefore, what is
counted as “growth,” is actually price increases. Actual inflation, according
to free market economists who calculate inflation as it was done in 1980 before
the politician re-engineered it, is now more than 11%. Using that to adjust GDP
for inflation, would show that the economy is now in a very sharp
contraction…’FLASHBACK HERE: Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher.
Bad
luck? Bad faith? Obama’s explanation for our current malaise. Really?
(Washington Post) [ Yeah! This really ‘takes the cake’! When I first heard that
ridiculous utterance by ‘wobama the b’ (for b***s***) I was inclined to ‘fall
off my chair’. But alas, so innured to wobama’s b***s*** have I become, it
barely registered a ‘ho-hum’. He is so pathetic! Such a total joke! I really
mean it! There’s no excuse whatsoever for ‘bush failure 3’, ‘wobama the
b’! Details
of Obama’s jobs plan emerge President is thinking about proposing tax cuts
for companies that hire workers, new spending for roads and construction, and
other measures that target the long-term unemployed, administration officials
say. (Washington Post) [ Oh come on!
Too little, too late for ‘wobama the b’ (for b***s***), the eternal
campaign(er) … he’s got a ‘good rap’ … that rapper ‘wobama the b’ (for
b***s***). Really! He’s a total
embarrassment out there on the campaign trail; and just as much an
embarrassment for those who turn out to see him … maybe he’s somewhat of an
allure as in a freak show. He’s a total joke! To be finally talking jobs and
things just before the election having broken previous campaign promises in his
failed role as ‘bush failure 3’. Even his pension is undeserved so much a fraud
is he! Black
caucus: Tired of making excuses for Obama [ They are not alone! ] Washington
Examiner | A key member of the Congressional Black Caucus says they
don’t pressure President Obama because he is loved by black voters. Obama ‘Takes More Vacations Than Any Human Being I’ve
Ever Seen’ Fox News | “Here we have a country that really is going
to hell in a handbasket.” Bus Tour Bust: Obama’s Approval Plummets Back Into 30s,
Says Gallup CNS News | Obama’s politically charged but taxpayer
funded bus tour through the Midwest turned into a bust yesterday. Disapproval of Congress Hits All Time High of 84% Paul
Joseph Watson | Americans are more upset with political leadership than ever
before.
Stocks
plunge on Europe’s banking worries (Washington Post) [ Oh … so that’s what happened … those european
banking worries … sure coulda’ fooled many here stateside who are, in light of
dismal realities here, yellin’, ‘look homeward hell’s angels’. This sounds like
a job for … Rosanne Rosanna Dana, formerly
of SNL fame and as her mama always used to say, which is also her hypothesis,
‘it’s always somethin’ … (but unfortunately, that somethin’ is not necessarily
what they say it is). How ‘bout the fact that stocks are substantially
over-loved, over-valued owing to a multitude of (wall street benefiting)
fraudulent artifices which are intended to obfuscate, as in the last and
ongoing debacle, their most current computerized manipulated churn-and-earn high-frequency trading
bubble-bull cycle in this unmistakably secular bear market. The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed! Train
Reading: The Stock Market Is Insane The Wall Street Journal Stocks rally off lows to suck
suckers in and keep suckers sucked in on bad news (Jobless
Claims, Inflation Rise More Than Expected CNBC) , fraud ( SEC destroyed documents, senator says ), and b***s*** alone! MKM
Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows
Barrons.com, WHY NEW
LOWS ARE LIKELY 8-18-11 Maierhofer, Is It 2008 Again? Looking at the
Summer Crash of 2011 Gayed ‘A real bear market
has begun …’ ,
Abandon Ship?[The USS Titanic] Yes,
Because of These 5 Bearish Icebergs ... McGill , There's
A Recession Coming According To The Data at Forbes , HP, Dell
hammered as tech-spending outlook darkens JDSU, NetApp, disappointing figures, shares hit hard in
after-hours trade
Dell braces investors for a bumpy road Dell makes a case on
why it can better weather an upcoming storm
, S&P
says sell Google's shares after Motorola deal , STOCKS
FALL AFTER FLOOD OF BAD NEWS: Here's What You Need To Know Joe Weisenthal , Stocks
Slip On Concern Over Europe's Debt, U.S. Data , Watch
Out: 2011 Looks A Lot Like The Market Top In 2007
Sean Hanlon Take
A Lesson From 2007 And Sell Stocks Now at Forbes, [video]
Trader: We Could Test 1120 Lows at TheStreet.com In
a Downtrend, Sell a Rally (Daily FX) Latest:
Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com
Drudgereport:
TEMPLETON
chairman: Financial Crisis 'Around Corner'...
'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job...
GALLUP
SHOCK: 'REPUBLICAN' BEATS OBAMA BY 8%
GALLUP:
APPROVE DOWN TO 38%...
Highest
Negative Rating Ever...
DOJ
raids guitar factory... [ With unprosecuted securities fraud in the
trillions, and my own experience with the ‘DOJ’ that has covered up serious
RICO crimes, etc., http://albertpeia.com/fbimartinezcongallard.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm , I find this somewhat incredulous
in terms of priorities!] Russia,
China wisely, rationally resist U.N. Syria sanctions push...
Ron
Paul: Mobs In Europe A Sign Of Things Coming (already here)...
Euro
bailout in doubt as 'hysteria' hits Germany... ‘German Chancellor Angela Merkel no longer has enough
coalition votes in the Bundestag to secure backing for Europe's revamped rescue
machinery, threatening a consitutional crisis in Germany and a fresh eruption
of the euro debt saga…’
GALLUP:
OBAMA DISAPPROVE HITS ALL-TIME HIGH...
NY
economy takes huge hit...
ALARM:
CHRISTIE SAYS DAMAGES IN BILLIONS, 'IF NOT IN TENS OF BILLIONS'...
Mental
illness rise linked to 'climate change'...
Teen
girl paralyzed, 10 others wounded at 'Drama Free' party... ‘A Queens party advertised on Facebook
and Twitter as "Drama Free" turned into a
shooting gallery early Saturday. Eleven young people were shot, including a
teenage girl left paralyzed, when a gunman opened fire into the crowd. About
100 people were packed into the backyard of the single-family home on Inwood
St. in South Jamaica shortly before 1 a.m., when the shooter
sneaked up a back alleyway and opened fire into the yard through a chain link
fence…’ Read more: http://www.nydailynews.com/news/ny_crime/2011/08/28/2011-08-28_11_shot_at_drama_free_qns_party.html#ixzz1WOiqvmx3
China
jails Tibetan monk for 11 years...
Gaddafi
'seen in Zimbabwe on Mugabe's private jet'...
BUFFETT
BUYS BILLIONS IN BANK...
EARNS
$280M -- IN A DAY!
Obama
called Oracle of Omaha before big buy...
Buffett
to Host Fundraiser...
Fukushima radiation leaks 'equal 168 Hiroshimas'...
New
home sales on pace for worst year in history...
NATIONAL
DEBT RISES BY $3 MILLION EACH MINUTE...
Obama
sets record: $4,247,000,000,000 debt in just 945 days...
STEVE
JOBS: iRESIGN
LETTER... [ More than just a ‘Silicon
Valley legend’, Steve Jobs literally saved Apple from extinction … I’m truly
glad he saved Apple, my first computer (1986 - apple IIc for word processing /
data based records / forms / templates / data which I interfaced with an
electric typewriter for letter quality) and for that all should be thankful.
Apple is the Nasdaq (40% weighting) and quite more, that now was! ]
YORK:
Spending, not entitlements, created huge deficit...
$500,000
federal stimulus grant created 1.72 jobs...
GE
cutting more jobs...
FLASHBACK:
Moving X-ray business to china...
Strong
East Coast quake highly unusual...
DETAILS...
Felt
from Toronto to Atlanta...
Epicenter
VA...
Felt
In Chicago...
Airports
Close...
CELLPHONES
OUT...
Nuke
Plant Shuts Down...
VIDEO:
Vacant White House Shakes...
VIDEO:
Obama Takes Quake Call on Links...
Stones
fall off National Cathedral...
WASHINGTON
MONUMENT 'TILTING'?...
HOMELAND
SECURITY'S QUAKE ADVICE: DON'T CALL...
5.8
MAG QUAKE ROCKS DC-NYC
SEE
YOU IN SEPTEMBER...
Buchanan:
The view from Martha's Vineyard... ‘As he and his daughters bicycle around the summer
playground of the Northeastern elite, Martha's Vineyard, President Obama is
steadily bleeding away both the support of the nation and that of his most
loyal constituency. Several times, his approval rating in Gallup's daily
tracking poll has sunk to 39 percent, with disapproval reaching 54 percent.
Support for his handling of the economy
has dipped to the mid-20s. Only 11 percent of Americans, says Gallup, are
satisfied with the way things are going. Unemployment
remains at 9 percent, as it has for two years. The Dow has lately lost 2,000
points, or $3 trillion in wealth wiped out. All that money the Fed pumped out
is now being reflected not only in the price of gold, silver and Swiss francs,
but in rising consumer prices – inflation. One in five U.S. children is living
in poverty…’
SANTORUM:
'maxine waters is vile' [ she’s worse than that, and a total embarassment for
america and california particularly! ] ...
Maxine
Waters: 'The tea party can go straight to hell'...
Tea
Party fires back...
MORGAN
FREEMAN TELLS OBAMA TO 'GET PISSED OFF' [ sounds like a plan … nigger to nigger
… the nigger plan! ] ...
Philadelphia
extends curfew after flash mobs [ new u.s. Christmas carol – ‘america’s
beginning to look a lot like sub-saharan africa, everywhere you go’ . They are
beasts of burden at most who are a burden to most at best … you’ll never change the nigger who evolved
only to a point! Think about all those ‘make-work’ jobs for niggers that serve
no real economic purpose; ie., federal, state, local, uspostal service, etc..
And, they can’t even do those jobs reliably, efficiently. Niggers are a drag on
civilized society! ] ...
Black
congresswoman blames black unemployment on 'racism' (riiiiight! The race card …
how ‘bout reality) ...
'The real enemy is the Tea Party'...
6 shot at youth b'ball game (black violence in ‘the city that loves
brothers’ – Philly)...
'REGIME
COMING TO END'
Unit
protecting Gadhafi surrenders...
Libyan
Rebels 'Capture Son'...
'End
of regime in 10 days'...
'1,300
dead' in attack on Tripoli...
NATO
racing to wrap up...
UPDATES...
AL JAZEERA
LIVE...
NEXT: Syria warns against military intervention...
REVEALED:
Wall St Aristocracy Got $1.2 Trillion in Fed's SECRET Loans...
OBUMMER
SUMMER: DOW DOWN ANOTHER 400
JOBLESS
CLAIMS UP...
Inflation
rising fast...
Treasury
Yields Fall to Record Lows...
What
went wrong with global recovery?
Police
scramble to fight flash-mob mayhem...
TROOPS
IN AFGHANISTAN 'UNTIL 2024'...
GM
says bankruptcy excuses it from repairs...
GOV'T MOTORS stock hits new
low...
Dollar
Sets New Record Low Against Yen...
Putin
Calls USA 'Parasite'...
israeli
raid strains ties between Egypt and israel...
Ridley
Scott to direct new version of 'BLADE RUNNER'...
NASA
REPORT: Aliens may destroy humanity to protect other civilizations … [ Naah!
Really don’t have to .. confined to this solar system, by hand of God or man,
we’re only talking decades at most ]
...
APPROVE:
(now 39%) 42%
Return
of Mass Layoffs a Grim Sign...
MOODY'S
Cuts U.S. Growth Outlook...
WALMART
warns on US economy weakness...
BELOW
40%
WORST
WEAK
Putin
sets sights on Eurasian economic union...
Gorbachev:
I should have abandoned Communist party earlier...
'MAGICAL
MISERY BUS TOUR'...
'Greyhound
One'...
Armored
Buses Cost $2.2 Million...
BLACK CAUCUS ON OBAMA: 'WE'RE GETTING TIRED' [ Not as
tired of wobama’s b***s*** / excuses as the ‘White Caucus’ and any other Caucus
– but, don’t be taken in by their b***s***; they’ll ‘back the black’ every
time, regardless! ]
New low of 26% approve of Obama on economy...
Inflation
builds...
FOOD
PRICES RISING...
UNEMPLOYMENT
UP...
OBAMA
TO LAY OUT JOBS PLAN -- AFTER VACATION...
'Takes
More Vacations Than Any Human Being I've Ever Seen'...
Commiserates
with jobless, then off to the Vineyard...
Roaming
Pack of Thugs Attacks 64-Year-Old Man, Steals His Bible [ Yes, you guessed it!
The thugs … they’re niggers! ] ...
Obama:
I Reversed Recession Until 'Bad Luck' Hit...
OBAMA'S
GREEN PET GOES BANKRUPT...
Got
stimulus cash, promised 800 jobs...
Kansas
City mulls curfew after racial attacks...
Mayor
gets shoved to ground when gunfire erupts...
VIDEO...
Flash mob
robs DC-area 7-ELEVEN...
Boy
Stabs Girl At Philly Mayor ANTI-VIOLENCE Event...
Detroit
Police No Longer Responding To Automated Burglar Alarm Calls...
AP:
Ron Paul no longer 'fringe'...
'Shafted'
by media...
RON
PAUL WEEKEND WINNER IN AMES?
TEEN
UNEMPLOYMENT HITS 50% IN DC
CONSUMER
CONFIDENCE CRASHES...
Lowest
since Jimmy Carter...
APPEALS
COURT: OBAMACARE UNCONSTITUTIONAL...
Dem
Judge Rules Against Obama's Signature Achievement...
'Unbounded
assertion of congressional authority'...
Emergency
Decree: Italy Approves Tough Austerity Measures... Developing...
RIOTS
BREAK OUT AROUND GLOBE AMID ECONOMIC ANXIETY
Dollar
Tumbles on Fed Pledge; Swiss Franc Soars Most Since 1971...
Merkel
faces revolt over eurozone deal...
Philadelphia
Implements Strict Curfew To Combat Violent Mobs...
MAYOR
TO BLACK YOUTH: 'You have damaged your own race'...
OBAMA
APPROVE HITS NEW LOWS...
'There
is something wrong with our politics'[ Yeah! You, among many others! All those
false campaign promises, etc.! ] ...
6
YEAR OLDS CAUGHT WORKING ON FARMS...
Thirty-year
Treasury yields rise most since 1980s...
CHICAGOLAND:
State can no longer afford to bury dead poor...
Feds
Called In To Curb 'Wild West' Violence In E. St. Louis...
REPORTS:
Olympics ambassador is London rioter!
5 more US troops killed in Afghanistan...
SAVE
THE EURO: Sarkozy, Merkel in emergency meeting...
HYPERSONIC
PLANE LOST (What was the cost?) ...
REPORT:
ENTIRE US STEALTH FLEET GROUNDED...
OBAMA
CONSIDERS BECOMING NATIONAL LANDLORD...
Still
going on vaca...
Approval:
40%...
Highest
approval among Muslims...
WRONG
TRACK: 73%...
Obama
Marks Ramadan with Iftar dinner...
BANK
STOCKS PLUNGE...
MOODY's
warns states, local govts...
Treasury
sells 10-year notes at record low rate...
SONY
'CLASSIFIED' BIN LADEN MOVIE;
WHITE
HOUSE REJECTS FAVORS CLAIM
UK
locks down as nights of unrest spread...
Manchester riots on scale not
seen in 30 years...
Rioters
rob people on street, force them to strip naked...
DOW
-634...
CURSED:
S&P falls 6.66%
IT
TANKED AS HE TALKED...
BARACKALYPSE
NOW
CHINA:
Dollar to Be 'Discarded' by World...
Lectures
How 'Good Old Days' of Borrowing Have Ended...
NOW
BUFFETT DOWNGRADED!
Tel
Aviv stocks fall 7% after USA debt downgrade...
Nikkei
drops 2%...
Wall
St braces...
European
leaders scramble to calm investors...
S&P:
1 in 3 chance USA will fall ANOTHER notch!
Recession
without shock absorbers...
Gold
soars above $1,700...
PRE-MARKETS... DEVELOPING...
BLOODY
WEEKEND
USA
DOWNGRADED: FIRST CREDIT RATING CUT IN NATION'S HISTORY...
DETAILS
[.PDF FILE]...
DEMOCRATS
CALL FOR HIGHER TAXES...
CHINA:
'Good old days' of borrowing are over...
LONDON
BURNS...
...the
underclass lashes out
Violence
continues...
Rioting
spreads beyond capital...
DAY
3...
Riot
Hits London After Police Shooting...
...shops
looted
RAMPAGE...
Fears
of more...
DOWNGRADED!
DETAILS
[.PDF FILE]
FLASHBACK:
'No risk' USA will lose its top credit rating, says Treasury's Geithner … [
Well, we all know the powers of foresight possessed by ‘no-recession-helicopter
ben’ and tiny tim geithner ] ...
FOOD
STAMPS: Record 45.8 million dependent...
One
in seven Americans...
Postal
Service warns it could default…[ No surprise here .. the usps is totally
unreliable! ] ...
Post Office proposes cutting 120,000 jobs, pulling out of healthcare
plan …[ Let UPS take over the usps! ]...
Controversy
over White House 'Hip-Hop BBQ'...
'Mob'
beatings at WI state fair...
'Hundreds
of young black people beating white people'... [ Typical n*****s! Good thing there are food stamps;
otherwise they’d be reverting to their inherent proclivity for canabalism (send
them back to africa … even give them a lump sum for an irrevocable repatriation
incentive … a huge cost-saving beyond the first year with substantial salutary
effects for the nation, the economy, and the remaining civilized non-blacks).
The other major crimes they do anyway. It’s their nature. You’ll never change
the nigger … they evolved only to ‘a point’ and no further. ]
Fairgoers
'pulled out of cars'...
'They
were just going after white people'...
Heightened
security...
[ I refrained from using
the ‘n word’ (or even blacks / negroes) in referring to the culprits in the
following two incidents (those tender sensibilities) but I’m sure you’ve
guessed that they were niggers and I include same here in light of the
foregoing incident (and yes, the victims were white), which is typical. ‘..
while walking through Military Park (a sliver of a “park” - more a pedestrian
thoroughfare/cement walks) in newark, new jersey on the way to the bank during
lunch hour, I heard the clearly audible screams/cries of what turned out to be
an old lady on the ground with blood streaming from her mouth. I ran toward the
sound of the cries, the source of which I could not see because there were so
many people in and about this thoroughfare so as to block any vision of the
source of the cries. When I came to the woman, on the ground, blood streaming
from her mouth, I asked what happened, to which she responded she had been hit
in the mouth and knocked to the ground, her purse stolen/put inside her
shopping bag, and she pointed out the criminal casually now walking across the
main street. Nobody stopped to help her, many having passed her by. I slammed
the thug to the ground so hard that, in light of all the blood and confusion
(limbic system / adrenalin flow) I thought I had been stabbed (the blood was
from his elbows hitting the pavement so hard - no one helped / a crowd gathered
/ an undercover cop happened along). When I testified at the Grand Jury
Proceeding I made sure his threat on my life was set forth in prima facie
fashion so as to maximize the DA’s position with both felonies ( he went to
prison – pled out ). The other case I wrote about here ( This was included on
my website in the Psychology forum discussion of ‘bystander effect’ / diffusion
of responsibility. ) - Having had occasion to have run down a mugger in newark,
n.j. who apparently had followed a girl from the bank on her way to the bursar
to pay tuition, though in pretty good shape, I was astounded by how totally
exhausting such a pursuit was, how much like rubber my arms were when I traded
punches with the perpetrator, and truth be told, if I had a flashlight on my
belt, I have little doubt that I would have probably used it to subdue the perp
(a police officer here in California was the object of intense criticism for
having used a flashlight to subdue a criminal
/ nigger after a long chase so I included that here) . The girl was not
that seriously injured, did get her pocketbook and tuition back, and the
criminal / nigger went to jail (where they belong). The other thing about such
a pursuit that amazed me was that no one else assisted the girl or me despite
being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in
an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO
litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters / government
slugs). ]
DOW
PLUMMETS 512...
OBAMA
HAS BBQ COOKOUT...
GAINS
FOR YEAR GONE...
'CORRECTION'...
PANIC
RIPS THROUGH GLOBAL MARKETS...
Intervention
fails to quell nerves...
'NOT
SINCE JIMMY CARTER'...
Military
money on chopping block...
Grim
economic news clouds Obama 50th...
Two-year
Treasury yield drops to record low...
RACE
TO CASH: Bank imposes fee on rapidly growing deposits...
DEM
RUNS FROM OBAMA...
Leaders
Issue Warning on Joblessness...
Woman
dies from heat after AC stolen...
San
Fran tourist mugged of money, clump of hair...
RENTER
STEALS AC, SELLS FOR GAS MONEY...
HUMAN
HAIR TRADE SURGES...
Bronze
Dog Statue Stolen From Humane Society...
Thieves
steal school's bleachers!
Mom
Arrested For Robbing Girl At Gunpoint -- For Bike...
10-Year-Old
Boys Held Up For Sneakers At Summer Camp...
MOODY'S:
'NEGATIVE'
Massive
rout spells trouble for Wall St...
Europe on
Brink of 'Major Financial Collapse'...
DOW
PULLS OFF A WIN! [ Based as usual on b***s*** alone! ]
Scary
Chart Pattern Suggests More Selling on Way...
Economy
struggles to find footing...
Obama,
Bernanke out of ammo to boost jobs, growth...
Gold
at $2,000 by year-end...
MORNING AFTER: BORROWING TOPS 100% OF GDP
European
leaders feel the strain...
Berlusconi
fails to stem rising panic...
'The
coming crises of governments'...
Silent
bank run hits Greece...
...exodus
Italy
under fire...
Pain
in Spain...
Woes
Get Messier...
DEBT DEAL BACKLASH:
LIMBAUGH:
A Total Waste of Time and Effort...
SAVAGE:
America has been 'hoodwinked'...
DAILY
SHOW: Where are the Tax INCREASES?
FT:
Obama's image takes beating...
Ron
Paul Sounds Alarm on 'Disturbing' Super Congress...
DER
SPIEGEL: 'Civil War Atmosphere' in Washington...
Dollar
falls to all-time low against Swiss franc...
PUTIN:
USA 'parasite' on global economy...
[Unfortunately, this is very true. More unfortunately is the fact that most
worldwide don’t realize that fact! I mean, think about it: pervasively corrupt,
defacto bankrupt america’s cancerous
perma wars, over-printed debased ‘Weimar’ paper ‘reserve’ currency, huge
frauds in securities and otherwise, etc..
]
House
approves debt deal -- day before deadline!
Borrowing
to surge after cap raised...
May
not save AAA rating...
BIDEN
[‘Lobotomy Joe’]CALLS TEA PARTY 'TERRORISTS'[ Riiiiight, ‘Lobotomy
Joe’; anything you say joe, now calm down… ]
Manufacturing
drops to lowest level in two years...
'Double
Dip Here'...
RI
Town Files for Bankruptcy...
Dog
Airlifted Out of National Forest After Growing Too Tired to Finish Hike...
[ Just another dog day afternoon in pervasively corrupt, defacto bankrupt
america. ]
SURVEY:
Internet Explorer users have lower IQs...
Obama Threatens Another Veto...
Just
hours after urging compromise...
Carney
Admits Obama Has No Plan...
BALL
IN YOUR COURT, HARRY[, aka Mr. Milktoast, aka Majority Leader of Harry’s Wh*r*
House]!
SWEAT
CEILING: House approves debt bill...
NO!
22 REPUBLICANS BUCKED BOEHNER...
DC
racing against clock...
HARRY
BELAFONTE: Obama 'has failed'...
NOONAN:
'HE IS A LOSER'...
GALLUP:
40% APPROVAL...
Obama
takes debt battle to TWITTER, loses more than 33,000 followers...
NYT
reporter advises WH staff?
Illegal
Aliens Head South to Mexico in Search of 'American Dream'...
4.9%
unemployment in Mexico vs. 9.4% in US...
Black
Middle Class Eroding As Unemployment Rate Soars...
CHAOS...
CLOCK
TICKING... NO
PANIC...
THE
VOTE: 'TEA PARTY' IN CHARGE!
Boehner
Delays Vote on Debt...
Limbaugh:
We've Been Played...
GALLUP:
Obama Rates Higher Than Boehner, Reid on Debt Situation!
Ron
Paul: 'Default Is Coming'...
Treasury
Contingency Plan on Debt Gives Priority to Bondholders...
Carney: If
We Have No Other Alternative We Will 'Take Action'...
Obama
faces legal bind if time runs out...
PELOSI:
'We're Trying to Save Life on Planet as We Know it'… [ Riiiiight! Keep feeding
those perma wars despite bankruptcy of this nation … Is life as she knows it on
this planet really death? … Why does ‘doo,doo,doo,doo’ to the tune of Twilight
Zone Theme come to mind when hearing her total b***s***?…Oh, riiiiight! She’s
caught wobamanoid fever ] ...
6
days from 'default', both sides scrambling...
FURY
OVER STALEMATE BOILS OVER...
House Dem leader urges Obama to raise debt ceiling without Congressional
approval...
SHOCK
POLL: 46% Think Most in Congress Corrupt...
WASHPOST/ABC:
Blacks, liberals flee in droves...
SANDERS:
Obama should face primary challenger...
The
Immelt Way: WH Advisor on Jobs Moving GE X-Ray Business to China...
OBAMA SECRETLY SIGNALS BANKS: 'NO DEFAULT'...
WH
to FOXNEWS: 'Tell your viewers there's nothing to worry about'...
BORGER:
'Nobody today is talking about tax increases -- except Barack Obama'...
TWT:
Liberals hijacking Reagan to raise taxes...
PANIC:
WH'S PFEIFFER SAYS DEFAULT COULD LEAD TO 'DEPRESSION'...
CA
seeks bridge loan to pay bills...
Guv
OKs financial aid for illegal aliens...
Brazilian
currency at highest level since '99...
USA
Can Avoid Default 'at Least Until September'...
Obama
still pushing for tax hikes...
Endorses
New Plan with 'Sham' Savings...
'Cuts'
include money not spent in Afghanistan over next 10 years...
BOEHNER:
Plan 'full of gimmicks'...
'DOING
THINGS ON MY OWN VERY TEMPTING' [Why would anyone believe or follow
anything ‘wobama the b’ (for b***s***) says when his actions belying his words
have led to this disaster? Hasn’t he ‘done things on his own’ and contrary to
campaign promises leading to this debacle? Indeed, he cannot be trusted! ]
Widest wealth gap between whites, minorities on record … [and
they’re thanking ‘wobama the b’ (for b***s***)] ...
DEPENDANT STATES OF AMERICA: Geithner Warns: 'We Write 80 Million
Checks a Month'...
BOEHNER TO OBAMA: 'CONGRESS WRITES THE LAWS, YOU DECIDE WHAT YOU
WANT TO SIGN'...
...President
'worried about his next election'
...Putin
considering Kremlin return
Pelosi
splits, heads to fundraiser...
CNN:
OBAMA LOSING LIBERALS...
Farm
thieves target grapes, avocados -- even bees...
Thieves
target ambulances...
Thieves
Steal 100 Storm Drain Covers In Sacramento...
RASMUSSEN
SHOCK POLL: Obama 41% Ron Paul 37%...
DEBT
DEAL DEAD...
BOEHNER
WALKS...
Terrorism
shatters peace in home of Nobel prize...
NYT:
'Helpers of Global Jihad' claim...
Fake
cop opens fire at youth camp...
'Tall,
blond, of Nordic looks'...
REUTERS
UPDATE...
BBC
LIVE...
Obama,
Boehner discuss new debt plan... Developing...
PRESSURE:
S&P renews warning...
SCORCH:
HIGH TEMPS TO LAST WEEKS...
Now
covers 1 million sq miles...
NEW
YORKERS WARNED TO EXPECT ROLLING OUTAGES...
Rolling
Blackouts Begin In Detroit...
Fears
mount about 'Big Brother' database in Massachusetts...
Florida
made $63M selling names, addresses, dates of birth...
Latin
America Lectures US over Debt Crisis...
US
talks get 'messy'...
Obama
now open to short-term deal...
Euro
meltdown: Sarkozy jets into Berlin for crisis talks with Merkel...
24
HOURS TO 'SAVE GREECE'...
Ron
Paul: 'We Will Default, Debt Is Unsustainable'...
DEAL:
SENATE HUDDLES TO HIKE TAXES...
Obama
praises...
RESTATES
THREAT TO VETO SPENDING CUTS...
LIBS
EYE DEEP CUTS TO NATIONAL DEFENSE...
Cash-Strapped Connecticut Fire Sale, To Axe 365-Year-Old Ferry, Nation's Oldest...
OBAMA MAKES JOKE; NO ONE LAUGHS...
Gold
Has Longest Run of Gains Since 1980...
Gas
prices on the rise; top $4 in eight states...
Cash-Strapped
SF To Shutter Courtrooms; Lay Off 200 Court Workers (and yet another feinstein?
From direct experience with the superior courts of california, no loss here,
and eliminating them entirely not a bad idea in light of their costly
corruption as in the federal system! )...
DEM
FLASHES RACE CARD IN DEBT DEBATE...[ Oh come on! This jive-talking,
failed ‘president’ has been indulged in every way imaginable and possible (all
those false campaign promises that got him elected, etc.). He may not have been
the first (clinton has been said even by blacks to have been the first ‘black
president’), but he most assuredly is the last black president, fitting every
negative stereotype imaginable including racist hypocrisy. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud )THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
'Only
THIS president has received the kind attacks and disagreements'...
BOEHNER:
HE HAS NO PLAN...
[ It’s true; ‘wobama the b’ (for b***s***) has no plan whatsoever. Ask Mr.
Teleprompter. ]
KRAUTHAMMER:
CALL THE BLUFF!
Feds
Issue Warning After 4 Mailboxes Lifted From Post Offices...
O'DRAMA...
'ENOUGH
IS ENOUGH'...
WALKS
OUT OF WHITE HOUSE MEETING...
'DON'T
CALL MY BLUFF'...
REID
CALLS CANTOR NAMES...
CAMP
DAVID SUMMIT?
BOEHNER:
NO NEED...
MCCONNELL:
GOP won't be 'tax collectors for Obama economy'...
Hometown
congressman tells Obama to 'quit lying'...
PELOSI:
'Almost too busy' to continue debt talks...
GEITHNER:
Out of time...
Cash-Strapped
NYC Fines Man $2,000 -- For Not Watering Beehive?
STUDY:
Black men survive longer in prison than out...
Man
falls into Maui blow hole, disappears...
PRESSURE: MOODY'S PUTS USA ON DOWNGRADE WATCH
Boehner
Rails on Obama: 'Like dealing with Jell-O'...
WH
Cracks Down on Press: No Yelling at Obama Today...
President
'chafes' at unscripted questions...
BERNANKE
BARKS BACK AT PAUL...
Fed May
Launch New Round of Stimulus...
DOLLAR
TUMBLES...
Putin
calls Feds 'hooligans'...
Gold
hits new high...
DEBT
TALKS BREAK DOWN...
McConnell:
Deal Not Possible With Obama … [ I think this shoe fits wobama ...
African-American unemployment at 16% ... (But there’s rationality in this stat
as people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then
there’s the attitude. I truly believe from direct experience that even when
their outright aggression, assaults on persons and the senses, and otherwise
obnoxious behavior is not apposite, the personality disorder ‘passive /
aggressive’ is applicable, however indirectly expressed.) ] ...
'Backup
plan'...
OBAMA
THREATENS TO HOLD UP SOCIAL SECURITY CHECKS
RUBIO:
Every Aspect of Life in America is Worse Since Obama Took Over...
GE
Immelt lectures biz owners: 'Stop complaining about government'...
FLASHBACK:
(GE )Company Paid NO TAXES Last Year...
OBAMA:
LET'S STAY IN IRAQ...
FLASHBACK:
'I intend to remove all U.S. troops from Iraq by the end of 2011'...
KARZAI'S
BROTHER ASSASSINATED IN KANDAHAR...
Gunned
down in home by bodyguard...
'Huge
boost for Taliban'...
Obama
'far apart' from Republicans on debt deal...
Boehner:
Debt Deal Not Imminent...
TORMENT
@ 9.2%
State
and local governments bleeding jobs...
Top
Obama adviser says unemployment won't be key in '12 … (riiiiight!…talk about
wishful thinking and self-delusion)...
BUCHANAN:
DC Establishment 'in Panic'...
S&P
WARNS GREECE OF DEFAULT -- EVEN WITH BAILOUT!
'Impossible
knot'...
SANTELLI:
'The answer is easy: Spend less!'
Italy's
borrowing costs soar...
Berlusconi appeals for national unity and 'sacrifices'...
New
Fears on Italy Jolt Europe...
Soros:
Europeans now need 'plan B'...
Mob
Of Teenage Girls Attacks Minneapolis Mom, 4-Year-Old Daughter...
Air
Conditioner Thieves Hit 7 Churches In Texas...
THEY'RE
HERE! [ Uh! That ‘nausea’ factor; though not nearly of the magnitude
of america’s unctuous duo, ‘wobama the b’ (for b***s***) and michelle his belle
(see infra). After all, the cloyingly cutesy couple from across the pond is
hardly in a position to do damage as are the wobamas. Yet, one must ask: just
what exactly are they? Mascots? Non-emmissary emissaries? Indeed, in this
economy it’s quite embarrassing for members of the so-called commonwealth,
struggling economically and otherwise, england/uk being no exception (royals
wealth’ is ultimately the product of common expense) to be celebrating
celebrity for the sake of nothing more than celebrity. Worse is the pathetic
display here in the defacto bankrupt disunited states (uk not much better and
in many ways worse) relative to their former colonial masters. Then there was
that ostentatious marriage display so well publicized even as the uk’s (eu,
u.s. et als) ‘rank and file’ are sacrificing and the respective nation states
crumbling. Even so-called celebrities here shun such meaningless displays of
themselves and at least serve a cinematic (art form) purpose. Truth be told, I
bear them no ill will; but, I bear them no good will either. After all, quite
simply, they are but a meaningless, extravagantly costly welfare couple that
are simply irrelevant. How pathetic and embarrassing for their fans, followers,
onlookers and their liege. And, though I’m biased (I think Grace Kelly to have
been the most exquisite of creatures to have graced this earth – Alfred
Hitchcock with an eye for such things thought so too and said as much), clearly
Prince Albert of Monaco and his bride’s wedding was tastefully and not
cloyingly about right. Now that’s real royalty via Grace Kelly; with a purpose;
the management / leadership of a prime travel / gambling / entertainment /
resort destination; viz., Monaco. ]
BOEHNER:
Taxes 'off table'...
Debt Talks Turn to Social Security Cuts...
CHARGE:
Bypassing Congress to raise debt would be 'impeachable'...
LONDON
BRIDGES FALLING DOWN:
Coulson 'to be arrested tomorrow'...
Gov't
decision on SKY takeover 'delayed'...
UPDATE:
China warns U.S. officials not to meet Dalai Lama...
CHICAGOLAND:
THIEVES STEAL ENTIRE A/C UNITS FROM HOUSES
UPDATE:
Teen Dead After Beach Brawl...
Wisc
beating victim: 'They just said "Oh, white girl bleeds a lot"'...
US
Lawmakers Accuse DOJ of Cover-up in Botched Gun-Running Op...
CA Prison Shrink Paid $838,706 Last Year...
CA
companies flee state...
No
recession for 454 White House aides: They'll make $37,121,463 this year...
United
States of 'gloom'...
Iran
Ridicules: America is Not Independent...
SHOCK:
Father with HIV raped 6-month-old son...
MEDIA
BLOWS IT, AGAIN...
NANCY
GRACE LEFT SPUTTERING: 'SOMEWHERE OUT THERE, THE DEVIL IS DANCING TONIGHT'...
Attorney:
Case Was 'Media Assassination'...
'Now
you have learned a lesson'...
CBS
host breaks down...
'TOT
MOM' CLEARED BY COURT...
JURY: NO MURDER!
Only
guilty of lying to cops...
Portugal's
Debt Downgraded to Junk...
CHINA:
USA 'ALREADY DEFAULTING'...
DOLLAR
TO 'LOSE RESERVE STATUS'
Economy
Expected to Have Major Slide in Months Ahead...
NEW
IMF CHIEF FROM CHICAGOLAND...
MARK
HALPERIN CALLS OBAMA 'A DICK' ON LIVE TV...
POLL:
Obama 42%, any
Republican 46%...
Campaign
signals fundraising fail...
UPDATE:
Minnesota Government Shuts Down...
Washington
state closes tourism office...
Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya...(FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...)
GETTING
NERVOUS
NEWT:
Obama 'most successful food stamp president in American history'...
Palin:
Hollywood stars as 'full of hate'... ["What would make someone be so full of
hate?" palin asks … answer: resistance to someone as dumb and full of
war-mongering hate as she is! ]
REPORT:
NATO forces ARE
trying to assassinate Qaddafi...
Los Alamos under siege from wildfire...
'Throwing absolutely everything at this that we got'...
BLAGO
LIKELY HEADED TO PRISON...
'What
happened?'
But
he gets to keep his hair...
Fitz
finally wins one!
GUILTY
IN CHICAGOLAND...
17
of 20 counts...
Tried
To Sell Obama's senate seat...
Jury
DEADLOCKED on Rahm shakedown...
Blago
to lawyer: 'What happened?'
'Stunned'...
JOBLESS
WEAK: 429,000...
...disappointed
Economic
trouble puzzles Fed chief...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
THE
NEW 'NORMAL'
GALLUP
PLUNGE...
Approval
-4, disapproval +5 -- in one day!
DOWN TO
THIRD: USA 'TO FALL BEHIND INDIA' IN TRADE...
DEM
FIX: MORE SPENDING!
Bernanke
speaks, stocks sink...
FORBES:
'Admits he's clueless'...
CBO:
Long-Term Debt Picture Worsens...
Would
reach 101% of GDP by 2021...
STUDY:
State, local gov'ts must raise taxes $1,400 a year for
30 years to fund pensions...
Millionaires
shrug off downturn; Wealthy richer than before crisis...
Zuckerman:
'We now have more idle men, women than at any time since Great Depression'...
SHOCK
POLL: ONLY 3 in 10 WILL VOTE FOR OBAMA...
66%
say US headed in 'wrong direction'...
Greece
Agrees on New Austerity Plan With EU, IMF...
ANGER
IN ATHENS...
'BLACK
HOLE'...
DEBT
TALKS BREAKDOWN; TAX BUST
S&P:
Risk of U.S. credit rating downgrade increased...
Chicago
county faces $108 billion
gap in pensions....
Greek
Streets 'Explosive'...
PM wins
confidence vote 'but outlook remains dire'...
Huntsman
announces presidential bid at Statue of Liberty...
Harry
Reid endorses...
Bachmann
surges to primary lead...
Iraq
hunting $17 billion missing after U.S. invasion...
NATO
NIGHTMARE: 9 CIVILIANS KILLED [NATO strike kills 15 Libyan civilians]
Census:
Whites lose majority among babies...
German
Giant Says US Workers Lack Skills...
PAPER:
AMERICA'S LOST DECADE?
States
look to Internet taxes to close budget gaps...
SPANIARDS
ON MARCH OVER BLEAK PROSPECTS...
House will move this week to limit funding for effort in Libya...
'DON'T
BE SURPRISED IF ATHENS GOES UP IN FLAMES'...
GREEK
PM PLEADS FOR UNITY!
...warns
against default
Threat
to downgrade Italian debt raises contagion fears...
Princess
Diana Conspiracy Movie Headed to Theaters... [ Uh, oh! Time to gear
up the already harsh ‘censors’ in england.
]
Bachmann:
Obama 'has failed' blacks, Hispanics... [ Come on! ‘Wobama the b’
(for b***s*** has failed everyone. ]
Presidential
no-show miffs Hispanics...
African-American
unemployment at 16%... [ But there’s rationality in this stat as
people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then there’s
the attitude. I truly believe from direct experience that even when their
outright aggression, assaults on persons and the senses, and otherwise
obnoxious behavior is not apposite, the personality disorder ‘passive /
aggressive’ is applicable, however indirectly expressed. ]
SHE'S
OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!)
...
Michelle Obama Admits: 'Fortunately, We Have Help From The Media'...
CHICAGOLAND:
Rahm's Top Cop Blames Gangs, Crime on 'Gov't-Sponsored Racism'...
Likens
federal gun laws to 'racism'...
Teen
Mob Of 50 Hits Chicago WALGREENS...
Teen
brutally beaten by mob of blacks; cops
mull 'lynching' charge...
Princess
Diana Conspiracy Movie Headed to Theaters... [ British
queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by
security scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ …
that is … Diana
film causes stir at Cannes
“Unlawful Killing” has a combination of celebrity, controversy and canny
hype-mongering. (Washington Post) [
Let’s not kid ourselves … and, Dodi Fayed’s father was no dope and knew the
score. Indeed, it’s not coincidental that William’s the over-riding favorite of
granny Liz II; after all, Harry’s the bastard son of Hewitt (don’t buy into
their DNA proffer which they did buy – you know, that ‘bloodline thing’).
Moreover, it was reported that Diana had another ‘potential challenger in the
oven’ at the time of her death and we all know how dicey such english affairs
of state can be (ie., Henry VIII, Richard III, etc.). Then there’s the contempt
of Diana for having brought the son of her bosom, Chas, down. Do I think she
said flat out ‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als.
Ultimately, William will require some substantial therapy to sort out this
looming conflict. After all, Diana was his mother. Drudgereport: British
woman decapitated in grocery store; killer flees with head... Cannes:
Diana doc slams UK royals as 'gangsters'... ]
Drudgereport: Protesters
burn American flag during Obama visit to Puerto Rico -- a
U.S. territory... [ I find even his retirement costs
objectionable. Obama: My
family is ‘fine’ with one term Politico | President Barack
Obama says his family is “not invested” in a second term. The unctuous
pandering by the wobamas is nauseating. And, michele’s fundraisers? What’s up
with that? Wobama’s
such a glomming golem / slug. Obama
says if he were Weiner, he’d resign
President Obama on Monday waded into the debate over whether embattled
Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to
be with your Presidential camp, who is alleged to claim that someone claiming
to represent me called asking for $100,000, to keep me from coming forward
about our (Obama and I) November 1999 encounter of sex and cocaine use?), ...
Obama is just another Banksters' moll prostituting himself .., and that's why
he supported the grotesque bail-out of the banking system and why he will
always put their interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv
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3
Reasons Markets Rallied After Initial Jobless Claims Fell Below 400K Wall
St. Cheat Sheet August 11, 2011, ‘Markets
closed up on Wall Street today: Dow +3.90% , S&P +4.59% , Nasdaq +4.69% ,
Oil +3.22% , Gold -1.54% .
On the
commodities front, Oil climbed to $85.56 a barrel, while precious metals
declined, with Gold falling to $1,756.90 an ounce and Silver down 1.57% to
$38.87 an ounce.
Don’t
Miss: The 10
Most Indebted Governments in the World.
Today’s
markets were up because:
1) Jobless
claims. Initial
unemployment benefits claims fell below the 400,000-mark for the first time
last week in nearly four months, a mark that is very important because anything
below it means the market is growing — that more jobs are being created than
eliminated. The last time weekly initial jobless claims were below 400,000 was
April. The news is a positive follow up to Friday’s Labor Department report
that had the economy adding 117,000 jobs in July, and would seem to prove that
the economy is slowly but surely beginning to improve, despite so much recent
evidence to the contrary.
2) Italy. The
economies and markets of Europe and the U.S. are inextricably linked, or at
least have been of late. One’s sovereign debt crisis is felt by all, another’s
downgrade is felt overseas — such has been the case for months, with U.S.
stocks tending to mirror European stocks, which get an earlier start on the
day, but also vice versa. Today, CNBC reported that Italy might place a ban on “naked” short
selling, in which investors sell a financial instrument without first borrowing
it. The news relieved some stress on the country’s markets, and ultimately
European stocks finished higher, despite the weight of France’s increasing
deficit, and worries that the second-largest euro-zone economy could be in
danger of a downgrade.
3) Cisco.
After a better-than-expected earnings report, Cisco Systems led networking and telecom hardware stocks in strongly
outperforming the Nasdaq. Among some of the biggest gainers were Cavium Inc. ,
JDS Uniphase , and NetLogic Microsystems , all climbing over 11% today.
BONUS: Here’s
Why Gold is the Commodity Above All Others.’
AAII
Sentiment Survey: Investors Remain Averse to Stocks Wall St. Cheat
Sheet
Train Reading: The Insider-Buying Lie - Mark
Gongloff
Not all
insider buying is created equal — Reformed Broker
Is there
enough money to save the world’s banks? — Jonathan Weil at Bloomberg
Warren Buffett
is issuing bonds and buying stocks — Fortune
US births
declined in 2010 — Calculated Risk
Efficient
markets in action — Paul Krugman
Consumers now
need Treasury approval on all purchases over $50 — The Onion
Report:
Mutual Fund Outflows In July Most Since End Of 2008 at
Barrons.com
THE
STOCK ROLLER COASTER GOES UP: Here's What You Need To Know Business
Insider Gus Lubin, August 11, 2011, ‘Another
explosive movement for stocks, this time upward. But first, the scoreboard:
Dow: +423 NASDAQ: +112 S&P: +52 [Note: This Closing Bell was delayed due to technical difficulties.] And now,
the top stories:
- Another wild day in Europe. BNP Paribas and other French bank stocks started up as
much as 6%, lifting markets in Europe and Asia. Then rumors about Greek exposure hit the wire and BNP led
the sector with a 7% move into the red, dragging markets down.
Finally after reassuring words from the Bank of France and (worrying?) moves to ban short selling, everything rebounded.
- US futures moved solidly positive after a moderate beat on initial claims, with
the number dropping to the lowest level since April. Meanwhile the trade deficit widened to $53 billion from $51 billion,
disappointing expectations that it would narrow.
- US markets opened up 100 points and moved higher
through the day, though everyone was on edge following a period of insane
volatility. For a little perspective, the Dow is up 500 today,
down 520 yesterday, up 429 Tuesday, down 632 Monday, huge swings on Friday
and down 512 Thursday. Add it up and we've
still erased eight months of gains.
- Everyone is getting ready for the big Republican debate tonight in Iowa,
before Saturday's Ames Straw Poll. We'll be covering it live at 9.
- Today's most bizarre story was the $50 million lawsuit filed against George Soros by his
28-year-old Brazilian ex-girlfriend for reneging on a promise
to give her an apartment. See what happened when the then-22-year-old celebrity met
the then-septigenarian investor > ..’
Analysis
of Financial Terrorism in America David DeGraw | The
Economic Elite are overreaching and their empire is collapsing.
Dollar
at lowest against Swiss Franc in 40 years Bloomberg |
Federal Reserve pledged to keep its key interest rate at a record low at least
through mid-2013.
Futures fall after
snap-back rally Reuters
| U.S. stock index futures fell on Wednesday after a sharp snap-back rally in
the last session.
NYT
Reports Eurowide Short Selling Ban Imminent Zero Hedge| Proving once again
the nobody ever learns from the past.
Most
Americans can’t afford a $1,000 emergency expense CNN | When the unexpected
strikes, most Americans aren’t prepared to pay for it.
Yuan
Climbs to 17-Year High Against the Dollar Fion Li | The yuan strengthened
beyond 6.4 per dollar for the first time in 17 years.
The Stock Market
Crash Of 2011? The Economic Collapse | How far does the stock market have
to go down before we officially call it a crash?
Global
markets plunge again on debt fears The Dow falls 520 points, and on Asian
and European markets, trepidation about the health of Europe’s financial firms
overtook concerns about the slow pace of the U.S. economic recovery. (Washington Post) [ Debt fears? Is that all?
If it was only debt fears things could at least be slightly less than
hopelessly dismal. Far more is worthy of substantial concern and quite simply,
those paper (stock) markets worldwide are overinflated, overloved, and
substantially overvalued. The now ubiquitous ‘Weimar’ strategies of late of
predominantly pervasively corrupt, defacto bankrupt american origin haved been
embraced and adopted globally to the substantial detriment of all but the few
frauds, the spun beneificiaries of such failed, fraudulent folley. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed! This is still a great opportunity to sell / take profits
since there’s much, much worse to come! Why
You Shouldn't Buy Into This Plunge Forbes/O'Neil‘The market is
building momentum to the downside’. Tuesday, Aug.9,2011: what changed from yesterday which
warranted a more than 600 point plunge with paper stocks still over-valued and
a 545 bounce off of afternoon lows? Nothing! Absolutely nothing, yet a
manipulated computer-programmed churn-and-earn suckers’ rally based on fraud
and b***s*** alone to keep suckers suckered, which makes for an especially
great opportunity to sell / take profits since there’s much, much worse to
come! Famed economist predicts economic
calamity in 2012. See the evidence.Newsmax
http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com) ‘Robert Wiedemer’s new book,
“Aftershock: Protect Yourself and Profit in the Next Global Financial
Meltdown,” quickly is becoming the survival guide for the 21st century. And
Newsmax’s eye-opening Aftershock Survival Summit video, with exclusive
interviews and prophetic predictions, already has affected millions around the
world — but not without ruffling a few feathers. [ The instant video on the economic / financial collapse
from Stansberry and Associates is so well researched and succinctly presented
that I’ve archived same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which I believe to be correct. This is a must-view,
must-see that I strongly recommend!
The complete url:
http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ( 146mb – approx. 1
hr. 17 min. ) http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 ( 374mb
) Written text of
presentation (without pictures /
charts)] [A lot of pre-election
year obfuscation, manipulation but the debacle is already here: Harry Dent, Jr. Economy will be in a
Depression by 2011
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.
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). Dow
1000? Robert Prechter Thinks So
Prechter
Reiterrates Call For Dow 1,000, Even As Surging Gold And Plunging Dollar Leave
Much Credibility To Be Desired Bulls Go to Extremes: Don't Buy the "Breakout",
Sell It, Prechter Says Russell:
This Is One Of The Largest Tops In Stock Market History 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.
…’ 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.
Is
debt downgrade an alarm bell for U.S.? (Washington Post) [ Do bears s*** in the woods? Is the Pope
Catholic? Is this question some kind of a joke? I mean, duh! Ya think? I mean,
if it isn’t, what could be? After all, this was long in the making and the
pressures applied to preclude this long overdue downgrade were substantial.
Yet, this mild slap on the wrist was at once, charitable and a gift inasmuch as
reality warrants far worse. 8 More Reasons Why You Should Be Deeply Concerned That
The U.S. Government Has Lost Its AAA Credit Rating The Economic
Collapse ‘… #8 The U.S. national debt continues to get worse
by the day. Just check out what economics
professor Laurence J. Kotlikoff recently told NPR….“If you
add up all the promises that have been made for spending obligations, including
defense expenditures, and you subtract all the taxes that we expect to collect,
the difference is $211 trillion. That’s the fiscal gap” ..’ Previous: Is this
some parallel universe where unfounded criticism is levied at S&P for the
downgrade when they’ve actually cut the pervasively corrupt, defacto bankrupt
disunited states a break by not rating what america truly is; viz., junk status
for the paper / liabilities / obligations that cannot and will not be paid (or
the equivalent vis-à-vis what would be in worse than evermore worthless Weimar
dollars or some other ‘ponzi-like’ subterfuge, obfuscation). The amounts are
insurmountable going forward. They point to Moody’s and Fitch; yet, let’s not
kid ourselves, S&P is the ‘800 pound gorilla’ in this world among rating
agencies and moody’s, fitch have substantially diminished themselves as
entities consistent with their ‘mission and purpose’ and as well, their
credibility. I mean, come on! Consider the pressure that was and continues to
be applied. Moody’s and fitch, quite frankly, folded. China’s rating agency has
already downgraded u.s. paper and they’re ‘holding’ (huge amounts of that u.s.
junk); and hence, against their own interest. Wake up!
National / World
World Depression: Special Report Infowars.com
| PrisonPlanet.tv now offers night special reports exposing the New World Order
and their agenda.
Insurance Giants Will Use Taxpayers to Bailout Cost from
UK Riots Patrick Henningsen | After the smoke
clears, elites will receive windfall profits from the UK riots.
Cameron Suggests “Purple Rain” for Rioters Kurt
Nimmo | The tactic of spraying dye on protesters was pioneered by
apartheid South Africa.
UK Riots: Gov’t Mulls Kill Switch For Twitter &
Facebook, Army On Streets Steve Watson | Opposition calls for
rethink on CCTV scale back.
Feds Send Terrorist Hand-out to Military Surplus Stores Kurt
Nimmo | You might be with white al-Qaeda if you purchase MREs.
Amazon Disarms Brits By Banning Self-Defense Items Paul
Joseph Watson | Media, police and politicians disparage communities protecting
themselves as “vigilantism”.
Questions Arise Over Whether ‘Flash Mob’ Attacks in U.S.
Cities Motivated by Race FoxNews.com | Police departments in several
cities around the country are investigating what appear to be incidents of
“flash mob”-generated violence.
Obama Is Implementing Plans For War Throughout the Middle
East Created 10 Years Ago by the Neocons Washington’s Blog | A Nato
plan for a post-Gaddaffi Libya – carving up the country, and giving the richest
spoils to the UAE – has been leaked.
NATO
Massacres of Civilians Aimed at “Cleansing” the Libyan People’s Resistance Mahdi
Darius Nazemroaya | Photographic evidence of NATO war crimes.
NATO
urged to investigate civilian deaths during Libya air strikes Amnesty
International | Amnesty International wrote to the NATO Secretary
General asking for clarification on incidents in which unarmed civilians were
reportedly killed.
Pentagon
Caught Lying: SEAL Team 6 Wasn’t On a Rescue Mission Federal Jack
| CNN piece exposes another lie in the official story about SEAL Team 6′s
demise.
A
National Debt Of $14 Trillion? Try $211 Trillion NPR | $14
trillion is just the tip of the iceberg.
Legendary
Investor Jeremy Grantham: America is a Banana Republic Washington’s
Blog | Just different bananas perhaps? [ Of course this is absolutely
true! And not just from the meaningfully lawless perspective – I had made such
a statement on the record in a LA Superior Court Appellate Dept. proceeding in
which said court literally ignored the law (the same is true of the costly,
plushly accoutered lifetime appointee federal courts) which courts should
indeed be abolished in these difficult economic / budgetary times.
Additionally, from pervasive corruption, to debased over-printed currency, to
gunboat diplomacy, to total incompetence, etc., america is indeed a banana
republic at most.
Rick Perry Is Running For President CBS DFW |
When we first reported the overwhelming likelihood that Perry was running for
President nearly 2 months ago, the establishment media scoffed at us.
DeMint: Obama Administration Most “Anti-American” In My
Lifetime Real Clear Politics | “It has been the most anti-business
and I consider anti-American administration in my lifetime.”
UK Riots: Gov’t Mulls Kill Switch For Twitter &
Facebook, Army On Streets Steve Watson | Opposition calls for
rethink on CCTV scale back.
‘Preppers’ stock up on guns’n'gear as financial doom looms
RT | Anastasia Churkina met some Americans, who are ready for the
worst.
911 tapes show WI fair attacks were racial Fox
6 | These tapes display the graphic details of the attacks, some of which were
racially motivated.
‘Most Dangerous Time For Global Economy’ HM
Treasury | That is what makes this the most dangerous time for the global
economy since 2008.
Amazon Disarms Brits By Banning Self-Defense Items Paul
Joseph Watson | Media, police and politicians disparage communities protecting
themselves as “vigilantism”.
Gallup:
Disapproval of Obama Ties All-Time High CNS News |
American’s approval of President tied its all-time low of 42 percent.
Democrats
want a bolder Obama The president’s allies are getting nervous about what
they see as the lack of a coherent strategy. (Washington Post) [ Well, tell it
to the teleprompter. Without a head per se, at least no one could say as with
‘wobama the b’ (for b***s***) that the teleprompter was in over its head.
Bolder b***s*** is still b***s***! ]
Gallup:
Disapproval of Obama Ties All-Time High CNS News |
American’s approval of President tied its all-time low of 42 percent.
Taliban
who downed U.S. copter killed U.S. officials say Taliban fighters who shot
down a helicopter with 30 U.S. troops were killed in airstrikes (Washington
Post) [ Oh come on! The Taliban don’t even know who among them downed the u.s.
killer copter! Great propaganda, ‘u.s. gi’s always get their man’. Doesn’t
anyone get tired of their endless b***s*** in their end run to the end? After
all, the nation is defacto bankrupt in large part as a direct consequence of
these ‘military-industrio-inferiority-complex’ follies / welfare warfare
programs. Then there’s the cocomitant typical skullduggery which includes inter
alia:
Same
ritual, a changed president This time, President Obama traveled to Dover
Air Force Base to greet the remains of Americans he had ordered to Afghanistan
himself. Some
victims of crash are identified (Washington Post) [ Changed? I think we could all agree that
despite campaign promises to the contrary, nothing’s changed; except,
pervasively corrupt defacto bankrupt america is more hopelessly bankrupt and
the dismal economic picture has become more dour.
“Bin
Laden” Heroes Probably Murderered to Keep Them Quiet ... Gordon Duff Veterans
Today
FLASHBACK:
Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) [ As
indicated on this albertpeia.com website, I didn’t buy the administration’s
desperate and politically opportunist Osama event and still don’t buy it; and
further, I believe this! ]Veterans Today | TRANSCRIPT of
critical interview with Pakistani eyewitness to Bin Laden raid. Is this the key
to SEAL Team 6′s demise?
“Bin Laden”
Heroes Probably Murderered to Keep Them Quiet Gordon Duff
Veterans
Today August 7, 2011 | Some Possibly Killed in Abbottabad Helicopter
Crash Months Before. [ As indicated on this albertpeia.com website, I didn’t
buy the administration’s desperate and politically opportunist Osama event and
still don’t buy it; and further, I believe this! ] Today 31 NATO troops, 20 of
them Navy Seals from the Osama bin Laden operation died in what is reported as
a helicopter crash in Afghanistan.
‘The chance of
this story being true is almost nil. The chances of this being a staged coverup
is over 80%. We believe these people were murdered to silence them. This is
why.
We have solid
information on two areas:
This gave the US several areas of severe
vulnerability. Generally, Navy Seals are the best people in the world at
keeping their mouths shut, these are real team players, as the term “Seal Team”
belies.
Petraeus is a possible presidential contender and had
to be denied this “gift from heaven,” a fast track to the oval office for sure.
Again, I
remind you, I went over specific meetings on bin Laden with his handlers,
getting every last detail. I have watched what has gone on, the continuing need
to vilify a long dead top CIA operative to provide residual cover for the Bush
administration…
The reason?
Bush and his cronies are all facing charges of war crimes, not just in minor
jurisdictions but heading for the ICC, putting them on the dock with Gaddafi (
a far less harmful character).
As for the
timing of this incident? This we will work on. What we can easily surmise is
that some of the dead have been dead since their bodies were taken away from
the helicopter crash site in Abbotabad.
Who would
order such a thing? We are going to have to wait but we are going to find out.
However, we expected this, the timing is exactly as predicted. Read full
article ‘
World at War Alex Jones'
Infowars: There's a war on for your mind! Veterans
Today | TRANSCRIPT of critical interview
with Pakistani eyewitness to Bin Laden raid. Is this the key to SEAL Team
6′s demise? ...
Deaths of SEAL Team 6 Exposed Aaron Dykes & Alex Jones
| We predicted shortly after the raid on bin Laden’s compound that SEALs would
soon be reported dead in a helicopter crash or staged incident following
multiple reports from military sources.
SEAL Unit Supposedly Responsible for Osama Hit Killed in
Copter Crash Kurt Nimmo | Is it possible the Pentagon took out the
helicopter to send a message to the SEALs, just in case some of them decide
(like Pat Tillman did) to tell the truth?
Questions raised by the SEAL Team 6 deaths in Afghanistan
Madison Ruppert | It took minutes before the Internet was ablaze
with chatter about the deaths of these American commandos.
Tea
Party hypocrisy Fueled by populist anger, but hijacked by plutocrats.
(Washington Post) [ Ah, sweet Mr. Milbank. His love for wobama knows no bounds.
Yet, given the choice between hypocrisy and inveterate lying, assuming
arguendo, Mr. Milbank’s premise to be true (doubtful and I think most would say
no), most would take hypocrisy any day. By now, most have realized that at best
wobama’s a b***s*** artist, and at worst, an incorrigible liar; certainly as
measured by his campaign promises that got him elected, belied by his actions.
If Mr. Milbank had only said the nation’s been hijacked by plutocrats to whom
wobama’s paid homage, I’d certainly agree in part. After all, there has been
and continues a huge wealth transfer at the expense and to the detriment of the
middle class, to the substantial benefit of the ‘plutocrats’ who in america are
of that small percentile criminal class for whom everyone else must (and must
be) sacrifice(d), ie., the wall street frauds, military industrial complex,
government contractors, etc.. And, yet another casualty … if wobama’s
peace-prize is not revoked, then that ignoble nobel thing should be disbanded
for lack of credibility and moral compass.
Deal
fails to soothe foreign critics
(Washington Post) { Let’s not kid outselves! I consider Russia a
rational, great nation (their painful, yet peaceful transition from their
mistake is a testament to their greatness as a people / nation and Gorbachev
particularly – China’s recent success is as far from communism as can be
imagined) and have high regard for Putin though lamenting his youthful, albeit
inherited indiscretion (kind of like that Tiger hunt which he’s now wisely
disavowed) in dabbling in the failed system of communism (the great lie where
everybody’s equal except some are more equal than others, ie., party members,
bureaucrats, etc., kind of like america today with the addition of the plutocratic
wealthy thieves, criminals, frauds, etc.). That said, most of these so-called
‘foreign critics’ fall predominantly into either of two categories; viz., ‘pots
calling the kettle black’, or ‘enablers’.
Putin
Calls U.S. a “Parasite,” Demands New Reserve Currency Activist Post The
powerless president Obama remains
indecisive, and ignored, as larger forces bring down the country. Robinson:
S&P downgrades the GOP (Washington Post) [ Riiiiight! It’s everything but ‘wobama the b’
(for b***s***) that’s to blame for the nation’s meltdown according to wobama
aficionados / intractable wobama apologists, Messieurs Milbank and Robinson.
Sweet Mr. Milbank even points to wobama’s personal character flaws (among many
unmentioned) to exculpate the failed president wobama. Wobama’s failed
miserably and yet had the easiest act in the world to follow in the persona of
fellow failed president war criminal dumbya bush whose failed policies up to
the real start of the election cycle he’s largely followed. After all, Mr.
Robinson, how different really are the parties these days when profligate spending
on illegal, unnecessary wars was continued when democrats controlled congress,
and then even the executive office when continuing failed president and war
criminal dumbya bush’s nation bankrupting, nation destroying war policies,
protection for unprecedentedly huge wall street frauds, bush tax cut extensions
for the wealthy, and then some (spending on top of it). Drudgereport: HARRY
BELAFONTE: Obama 'has failed'...
NOONAN:
'HE IS A LOSER'...
GALLUP:
40% APPROVAL...
Obama
takes debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most
importantly, realize that if wobama’s actions had not belied his words/campaign
promises, the nation’s position, though still ominous, would have been
substantially improved.
National / World
Corporate Media Puzzled by U.S. Martial Law Plans in Wake
of Brit Riots Kurt Nimmo | Northcom’s CONPLAN 3502
has origins in Operation Garden Plot and REX 84.
LONDON BURNING: Infowars Special Report on Social Unrest
and Economic Collapse PrisonPlanet.tv | Alex Jones’
special broadcast with Max Keiser and Paul Joseph Watson.
Gold Hits Record $1800, Tops Platinum Infowars
| Gold soars on looming economic downgrades.
Henningsen: “Retail Riots” Are Not a Political Revolution
RT | Henningsen says the original demonstrations in Tottenham were
hijacked by criminal opportunitists and turned into “retail riots”.
Gold Settles Near $1,800 as French Fears Sink Stocks CNBC
| Gold climbed to a third record in a row over $1,800 an ounce Wednesday.
Police Were Ordered To Stand Down As London Burned Paul
Joseph Watson | Inadequate response led public to call for martial law.
Knee Jerk Calls For Army On London Streets To “Shoot
Looters On Sight” Steve Watson | One in three want live ammunition
used on rioters.
Sony Hosted Obama Fundraiser, Releasing Bin Laden Movie
Before Election Weekly Standard | Moviegoers will be seeing the
story of the Osama bin Laden raid just before they vote for president.
Riots Live: Police Disperse Group of White Men in London London
Guardian | The men were moved on after being served with a section 27 dispersal
order.
Henningsen: “Retail Riots” Are Not a Political Revolution
RT | Henningsen says the original demonstrations in Tottenham were
hijacked by criminal opportunitists and turned into “retail riots”.
Korean Stock Broker Leaps to Death Amid Market Plunge NBC
| A South Korean stock broker jumped to his death.
Special Notice: Obama To Vacation On Martha’s Vineyard
Following A Job Well Done Zero Hedge | We bring you this special
announcement courtesy of the White House.
Police Were Ordered To Stand Down As London Burned Paul
Joseph Watson | Inadequate response led public to call for martial law.
‘We are the Enfield Army’: Video of locals chasing
rioters in London RT | “We are the Enfield anti-rioting squad,” said
one local resident.
Stocks Tumble at Open Amid Economic Fears CNBC
| The Dow Jones Industrial Average tumbled at the open.
Claim: Youths Offered Money To Start Riots Paul
Joseph Watson | Violence in Leicester after “journalists” tried to pay off
kids, according to Tweets.
Gallup:
Disapproval of Obama Ties All-Time High CNS News |
American’s approval of President tied its all-time low of 42 percent.
Same
ritual, a changed president This time, President Obama traveled to Dover
Air Force Base to greet the remains of Americans he had ordered to Afghanistan
himself. Some
victims of crash are identified (Washington Post) [ Changed? I think we could all agree that
despite campaign promises to the contrary, nothing’s changed; except,
pervasively corrupt defacto bankrupt america is more hopelessly bankrupt and
the dismal economic picture has become more dour.
“Bin
Laden” Heroes Probably Murderered to Keep Them Quiet ... Gordon Duff Veterans
Today
FLASHBACK:
Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) [ As
indicated on this albertpeia.com website, I didn’t buy the administration’s
desperate and politically opportunist Osama event and still don’t buy it; and
further, I believe this! ]Veterans Today | TRANSCRIPT of
critical interview with Pakistani eyewitness to Bin Laden raid. Is this the key
to SEAL Team 6′s demise?
“Bin Laden”
Heroes Probably Murderered to Keep Them Quiet Gordon Duff
Veterans
Today August 7, 2011 | Some Possibly Killed in Abbottabad Helicopter
Crash Months Before. [ As indicated on this albertpeia.com website, I didn’t
buy the administration’s desperate and politically opportunist Osama event and
still don’t buy it; and further, I believe this! ] Today 31 NATO troops, 20 of
them Navy Seals from the Osama bin Laden operation died in what is reported as
a helicopter crash in Afghanistan.
‘The chance of
this story being true is almost nil. The chances of this being a staged coverup
is over 80%. We believe these people were murdered to silence them. This is
why.
We have solid
information on two areas:
This gave the US several areas of severe
vulnerability. Generally, Navy Seals are the best people in the world at
keeping their mouths shut, these are real team players, as the term “Seal Team”
belies.
Petraeus is a possible presidential contender and had
to be denied this “gift from heaven,” a fast track to the oval office for sure.
Again, I
remind you, I went over specific meetings on bin Laden with his handlers,
getting every last detail. I have watched what has gone on, the continuing need
to vilify a long dead top CIA operative to provide residual cover for the Bush
administration…
The reason?
Bush and his cronies are all facing charges of war crimes, not just in minor
jurisdictions but heading for the ICC, putting them on the dock with Gaddafi (
a far less harmful character).
As for the
timing of this incident? This we will work on. What we can easily surmise is
that some of the dead have been dead since their bodies were taken away from
the helicopter crash site in Abbotabad.
Who would
order such a thing? We are going to have to wait but we are going to find out.
However, we expected this, the timing is exactly as predicted. Read full
article ‘
World at War Alex Jones'
Infowars: There's a war on for your mind! Veterans
Today | TRANSCRIPT of critical interview
with Pakistani eyewitness to Bin Laden raid. Is this the key to SEAL Team
6′s demise? ...
Tea
Party hypocrisy Fueled by populist anger, but hijacked by plutocrats.
(Washington Post) [ Ah, sweet Mr. Milbank. His love for wobama knows no bounds.
Yet, given the choice between hypocrisy and inveterate lying, assuming
arguendo, Mr. Milbank’s premise to be true (doubtful and I think most would say
no), most would take hypocrisy any day. By now, most have realized that at best
wobama’s a b***s*** artist, and at worst, an incorrigible liar; certainly as
measured by his campaign promises that got him elected, belied by his actions.
If Mr. Milbank had only said the nation’s been hijacked by plutocrats to whom
wobama’s paid homage, I’d certainly agree in part. After all, there has been
and continues a huge wealth transfer at the expense and to the detriment of the
middle class, to the substantial benefit of the ‘plutocrats’ who in america are
of that small percentile criminal class for whom everyone else must (and must
be) sacrifice(d), ie., the wall street frauds, military industrial complex,
government contractors, etc.. And, yet another casualty … if wobama’s
peace-prize is not revoked, then that ignoble nobel thing should be disbanded
for lack of credibility and moral compass.
Deal
fails to soothe foreign critics
(Washington Post) { Let’s not kid outselves! I consider Russia a
rational, great nation (their painful, yet peaceful transition from their
mistake is a testament to their greatness as a people / nation and Gorbachev
particularly – China’s recent success is as far from communism as can be
imagined) and have high regard for Putin though lamenting his youthful, albeit
inherited indiscretion (kind of like that Tiger hunt which he’s now wisely
disavowed) in dabbling in the failed system of communism (the great lie where
everybody’s equal except some are more equal than others, ie., party members,
bureaucrats, etc., kind of like america today with the addition of the
plutocratic wealthy thieves, criminals, frauds, etc.). That said, most of these
so-called ‘foreign critics’ fall predominantly into either of two categories;
viz., ‘pots calling the kettle black’, or ‘enablers’. Putin
Calls U.S. a “Parasite,” Demands New Reserve Currency Activist Post The
powerless president Obama remains
indecisive, and ignored, as larger forces bring down the country. Robinson:
S&P downgrades the GOP (Washington Post) [ Riiiiight! It’s everything but ‘wobama the b’
(for b***s***) that’s to blame for the nation’s meltdown according to wobama
aficionados / intractable wobama apologists, Messieurs Milbank and Robinson.
Sweet Mr. Milbank even points to wobama’s personal character flaws (among many
unmentioned) to exculpate the failed president wobama. Wobama’s failed
miserably and yet had the easiest act in the world to follow in the persona of
fellow failed president war criminal dumbya bush whose failed policies up to
the real start of the election cycle he’s largely followed. After all, Mr.
Robinson, how different really are the parties these days when profligate
spending on illegal, unnecessary wars was continued when democrats controlled
congress, and then even the executive office when continuing failed president and
war criminal dumbya bush’s nation bankrupting, nation destroying war policies,
protection for unprecedentedly huge wall street frauds, bush tax cut extensions
for the wealthy, and then some (spending on top of it). Drudgereport: HARRY
BELAFONTE: Obama 'has failed'...
NOONAN:
'HE IS A LOSER'...
GALLUP:
40% APPROVAL...
Obama
takes debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most
importantly, realize that if wobama’s actions had not belied his words/campaign
promises, the nation’s position, though still ominous, would have been
substantially improved.
Banks
still struggling, despite bailout (Washington Post) [ Yeah … that’s the way
it is for banks in the midst of recession / depression / economic decline! The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed! What changed from yesterday which warranted a more than 600
point plunge with paper stocks still over-valued and a 545 bounce off of afternoon
lows? Nothing! Absolutely nothing, yet a manipulated computer-programmed
churn-and-earn suckers’ rally based on fraud and b***s*** alone to keep suckers
suckered, which makes for an especially great opportunity to sell / take
profits since there’s much, much worse to come! Famed economist predicts economic calamity in 2012. See the
evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com) ‘Robert Wiedemer’s new book,
“Aftershock: Protect Yourself and Profit in the Next Global Financial
Meltdown,” quickly is becoming the survival guide for the 21st century. And
Newsmax’s eye-opening Aftershock Survival Summit video, with exclusive
interviews and prophetic predictions, already has affected millions around the
world — but not without ruffling a few feathers. [ The instant video on the economic / financial collapse
from Stansberry and Associates is so well researched and succinctly presented
that I’ve archived same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which I believe to be correct. This is a must-view,
must-see that I strongly recommend!
The complete url:
http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ( 146mb – approx. 1
hr. 17 min. ) http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 ( 374mb
) Written text of
presentation (without pictures /
charts)] [A lot of pre-election
year obfuscation, manipulation but the debacle is already here: Harry Dent, Jr. Economy will be in a
Depression by 2011
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.
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). Dow
1000? Robert Prechter Thinks So
Prechter
Reiterrates Call For Dow 1,000, Even As Surging Gold And Plunging Dollar Leave
Much Credibility To Be Desired Bulls Go to Extremes: Don't Buy the "Breakout",
Sell It, Prechter Says Russell:
This Is One Of The Largest Tops In Stock Market History 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.
…’ 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.
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. Watch for fake gov’t data / reports owing to
political desperation!
Dollar
down against major currencies Global investors are becoming antsy about the
dollar’s role as the currency at the core of the world’s financial system. (Washington Post) [ Antsy? At this point, if it was only just
‘antsy’ there’d be room to hope. Despite the understatement, this is now way
beyond ‘antsy’. Reality counts! For
first time, U.S. credit rating cut from AAA Standard & Poor’s announces
that it has downgraded U.S. government debt to AA+, dealing a huge symbolic
blow to the world’s economic superpower in what was a sharply worded critique
of the American political system. (Washington Post) [ Come on! Let’s get real
here! Symbolic? If it were only that. If it were only the american political
system, there’d at least be a plausible reason for hope, albeit futile even at
that. Indeed, pervasively corrupt, defacto bankrupt america, literally causing
destruction domestically and internationally, is a testament to the failure of
the american system generally, or more specifically what it has devolved into.
Whatever america was and purports to be, it certainly doesn’t take a PhD in
Poli Sci to know, ‘it ain’t that no more’. Moreover, the ‘genie’s out of the
bottle’ and try as they may, like ‘trying to put toothpaste back in the tube’,
or ‘unringing the bell’, perceptions of america will never be the same in the
most negative but realistic and factual sense; that is, beyond the propaganda,
efforts at censorship, and spin. Those ‘propaganda dogs don’t hunt no more.’ I
can further say that in america, by close observation and direct experience
(with more than sufficient representative sampling), I’ve seen and experienced
the worst of human nature; behavior so egregious so as to defy any known norms
of civilized behavior. Quite simply, there is no excuse for america! Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for
unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion,
PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while
other estimates exceed $100 trillion (these amounts are insurmountable) …’ America’s
shine is wearing off
The
powerless president Obama remains
indecisive, and ignored, as larger forces bring down the country. Robinson:
S&P downgrades the GOP (Washington Post) [ Riiiiight! It’s everything but ‘wobama the b’
(for b***s***) that’s to blame for the nation’s meltdown according to wobama
aficionados / intractable wobama apologists, Messieurs Milbank and Robinson.
Sweet Mr. Milbank even points to wobama’s personal character flaws (among many
unmentioned) to exculpate the failed president wobama. Wobama’s failed
miserably and yet had the easiest act in the world to follow in the persona of
fellow failed president war criminal dumbya bush whose failed policies up to
the real start of the election cycle he’s largely followed. After all, Mr.
Robinson, how different really are the parties these days when profligate
spending on illegal, unnecessary wars was continued when democrats controlled
congress, and then even the executive office when continuing failed president
and war criminal dumbya bush’s nation bankrupting, nation destroying war
policies, protection for unprecedentedly huge wall street frauds, bush tax cut
extensions for the wealthy, and then some (spending on top of it). Drudgereport: HARRY
BELAFONTE: Obama 'has failed'...
NOONAN:
'HE IS A LOSER'...
GALLUP:
40% APPROVAL...
Obama
takes debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most
importantly, realize that if wobama’s actions had not belied his words/campaign
promises, the nation’s position, though still ominous, would have been
substantially improved.
Rubin:
Fed to the country: the economy stinks
‘…information
received since the Federal Open Market Committee met in June indicates that
economic growth so far this year has been considerably slower than the
Committee had expected. Indicators suggest a deterioration in overall labor
market conditions in recent months, and the unemployment rate has moved up.The
report adds: “The Committee now expects a somewhat slower pace of recovery over
coming quarters than it did at the time of the previous meeting and anticipates
that the unemployment rate will decline only gradually toward levels that the
Committee judges to be consistent with its dual mandate.”
(Washington Post) [ As if we didn’t know and
needed them to tell us. Don’t forget, this pre-election year is as good as it
gets; yet is as dismal as can be imagined with substantially worse to follow.
Dual Mandate? I’m surprised they had the audacity to use the term. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed! What changed from yesterday which warranted a more than 600
point plunge with paper stocks still over-valued and a 545 bounce off of
afternoon lows? Nothing! Absolutely nothing, yet a manipulated
computer-programmed churn-and-earn suckers’ rally based on fraud and b***s***
alone to keep suckers suckered, which makes for an especially great opportunity
to sell / take profits since there’s much, much worse to come! Famed economist predicts economic calamity in 2012. See the
evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com) ‘Robert Wiedemer’s new book,
“Aftershock: Protect Yourself and Profit in the Next Global Financial
Meltdown,” quickly is becoming the survival guide for the 21st century. And
Newsmax’s eye-opening Aftershock Survival Summit video, with exclusive
interviews and prophetic predictions, already has affected millions around the
world — but not without ruffling a few feathers. [ The instant video on the economic / financial collapse
from Stansberry and Associates is so well researched and succinctly presented
that I’ve archived same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which I believe to be correct. This is a must-view,
must-see that I strongly recommend!
The complete url:
http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ( 146mb – approx. 1
hr. 17 min. ) http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 ( 374mb
) Written text of
presentation (without pictures /
charts)] [A lot of pre-election
year obfuscation, manipulation but the debacle is already here: Harry Dent, Jr. Economy will be in a
Depression by 2011
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.
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).
What
can the Federal Reserve do? With the U.S. economy at risk of a double-dip
recession, the central bank lacks tools to do anything. (Washington Post) [ Oh
I’d say they’ve done quite enough … wouldn’t you? … Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This
catering to fraudulent wall street was a loser ab initio! That so-called
‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan
and failed miserably except for the frauds on wall street who commissioned up
and down; and, make no mistake, those computer-programmed high-frequency
trading volumes have now been maximized for nation-economy-draining profits for
the frauds like never before and have never been higher. The QE and
dollar-debasement policies were always predictably inflationary, ultimately
hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that
was but in reality good only for the frauds on wall street. No, there is no
modern day alchemy that spins worthless paper into gold except fraudulently for
the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing
out’ for hard currency and gold, precious metals, at everyone else’s expense
including main street. ] In
his June 7 speech, Fed Chairman Ben Bernanke stated, “the best way for the
Federal Reserve to support the fundamental value of the dollar in the medium
term is to pursue our dual mandate of maximum employment and price stability,
and we will certainly do that.”
.. Bernanke’s
results .. since Ben took the reins:
Feb ’06 –
April ’11
|
Items in a Typical Budget |
% Change |
|
Food and Beverages |
16.54% |
|
Water and sewer and trash collection services |
31.88% |
|
Rent of primary residence |
13.82% |
|
Housing |
8.68% |
|
Fuels and Utilities |
11.93% |
|
Apparel |
4.83% |
|
Medical Care |
20.11% |
|
Gasoline (all types) |
65.12% |
|
Transportation |
23.36% |
|
Tuition, other school fees, and childcare |
29.28% |
|
Recreation |
2.87% |
..
The standard unemployment rate most often used by the Fed is currently at 9.1%,
up 90% since Bernanke started. The more inclusive (realistic) U6 number
stands at 15.8%, up 75% in the same period. The Civilian Participation
Rate has declined 2.87% to 64.2%.
This is the
lowest level the U.S. has seen since March, 1984. The decline amounts to
8,946,844 fewer Americans in the labor force. Had they not dropped out
because of a lack of jobs, the “official” unemployment rate would be
significantly higher. While we can debate the meaning of the term maximum
employment, it is clear that the jobs data has deteriorated considerably since
Bernanke took the reins at the Fed. ..
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
Matt Marcewicz
& Robert Barone, Ph.D.
.. ‘
Is
Obama’s fate written in numbers? Recent economic data amounts to a
formidable headwind for any incumbent president hoping for a second term. And
Democrats worry time is running out. (Washington Post) [ Let’s just say the
fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s
done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the
truth is he really screwed you’ … well you know that familiar theme and can ad
lib, insert your own words!
It’s
still Obama’s party Why he won’t face a primary challenge: Republicans and
racial politics. (Washington Post) [
It’s true … so right you are! Al Gore’s even pitchin’ in by donating the
talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a
song in wobama’s honor (kidding) which goes something like this , ‘It’s his
party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you
would cry too, if obama happened to you
… Well, there you go … if the song says
it it must be true. Yeah! And those dern republicans and their racial politics
… UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore
cases that involve black defendants and white victims' – Time to get whitey, at
last, at last, etc., say holder / wobama who go on to say ‘and they ain’t talking
about Whitey Bulger, the mobster, either!’
SHARE
YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
ATF Chief Melson:Justice
Department trying to shield officials (LATimes) Serrano
I believe him!
I truly empathize with the
ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize
some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual
citizenship with Italy), and some familiar crimes (ie., drug money laundering,
etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the
following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert
Williams, Todd McKeahan & Conway LeBleu: Died February
28, 1993 by gunfire at Waco. All four were examined by a pathologist and died
from identical wounds to the left temple. All four had been body guards for
Bill Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims Act probably would apply and I
would absent resolution seek to refer the within to a firm with expertise in
that area of the law with which I am not familiar).
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated
assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew
Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
- A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc..
- Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page
1
Page 2
]
- Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part
- crossexamofcoanbypeia.pdf ]
- Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
- Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In
addition to being 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. As much as I hate the mob,
it truly was funny, if not so tragic.], Alito is also
corrupt (and maybe corrupt because he is inept). After a reasonable (but
still rather short) time I called to determine the status and was told
that Alito was no longer with the Office of the U.S. Attorney, that he was
(appointed) a federal judge, and that neither the documents nor any file
or record of same could be located. Alito did parley the same / cover-up
into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I
hesitate to chance greater non-performance / worsening by their ‘fix’ so cell
phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama
has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP |
Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Sincerely
and Regards,
Al
Peia
[video] Bernanke Does Nothing - Market Cheers
In
This Market, Doing Nothing is Doing Something
3 Reasons Markets Rallied After the Big Sell-Off Wall St Cheat Sheet August 9, 2011, Markets closed up on Wall Street today: Dow +4.01% ,
S&P +4.77% , Nasdaq +5.32% , Oil -0.92% , Gold +0.87% .
On the
commodities front, Oil fell to $80.56 a barrel, while precious metals were
mixed, with Gold continuing its climb, reaching $1,728.10 an ounce and Silver
falling 5.76% to $37.11 an ounce.
Today’s
markets were up because:
1) Fed. While
many stocks were making up for Monday’s losses at a frenzied pace, the Federal
Reserve’s announcement this afternoon that it will likely keep interest
rates at record lows through mid-2013, citing weak economic growth as well as
more temporary factors, like the Japan crisis and high oil prices, temporarily
reversed the upward trend. While the news means investors have another year
more than previously expected to take advantage of near-zero interest rates, stocks
began to fall off after the announcement, maybe because investors were hoping
the Fed would do more — QE3 anyone? — or maybe the Fed’s decision to extend low
borrowing costs for two more years renewed fears about the economy’s
non-recovery. Either way, markets continued to rally after yesterday’s mass
sell-off left many valuable stocks ripe for the picking.
2) Oversold.
Today’s market gains don’t necessarily represent increased confidence in the
market, but rather confidence in individual stocks, many of which became
oversold in the last few weeks as fearful investors fled. The S&P 500 was
more technically oversold than it has been in the last 10 years, with its
14-day relative strength index down to 16.5%. Anything below 20% generally
attracts buyers. The perfect example is Exxon Mobil . Apple’s market
capitalization actually rose above Exxon’s today, despite the fact that Exxon’s
annual revenue is four times that of Apple. Though oil prices have been
sinking lately, the stock still remains highly profitable for investors. After
falling 7.97% in the last five days of trading, XOM shares reversed this
afternoon, climbing 2.07%.
3) Banks. With
Citigroup and Bank of America leading the way, financials rallied today after
Monday’s huge sell-off. The financial sector went from being the worst
performing of all 10 sectors on the S&P 500 Monday, to the best performer
today. While the Fed’s announcement in the early afternoon caused a slight
hiccup in otherwise solid sector growth, financial stocks quickly recovered,
climbing higher still. After markets closed on Monday, Standard & Poor’s assured investors that it had no
plans to downgrade the banking sector, and in fact, expects higher earnings,
improved asset quality and capital in the third quarter…’
The 10
Most Indebted Governments in the World
http://wallstcheatsheet.com/stocks/the-10-most-indebted-governments-in-the-world.html
‘…Coming in first place is Japan (NYSE:EWJ),
with a whopping $13.795 trillion in debt, just short of the the $14.27 trillion
in debt the U.S. carries .. Coming in second against Japan in terms of its
debt-to-GDP ratio is Greece, where debt is a relatively low 139% of GDPHot
Feature: Who Owns U.S. Debt? Following Greece on the
list is Italy (NYSE:EWI), then Iceland, Belgium, Ireland, and the U.S. So
why isn’t Japan enduring the same kind of financial crisis that so many
countries with significantly less debt are currently facing? The answer is
simple: Japan owes most of its debt to itself. In comparison, the U.S. owes
about 30% of its debt to foreign investors, with China (NYSE:FXI)
holding $1.1 billion in U.S. debt, more than any other country…’
‘I
Can Smell QE3, QE4 and Many More,’ Says Marc Faber Business
Intelligence Middle East | Downgrade was long overdue as the ‘junk
bond’ was no longer worth of an AAA rating.
Fed vows low
rates for two more years AFP | The Federal Reserve pledged
to hold interest rates near zero for two more years.
Greenspan
says we can fix debt problems by printing money to the point of hyperinflation
Madison Ruppert | Former Chairman of the private Federal
Reserve Alan Greenspan revealed the delusional mindset that has brought us to
this precipice.
Fed May Boost Stimulus
Pledge Bloomberg | Federal Reserve officials may strengthen their
commitment to record monetary stimulus as soon as today.
JP
Morgan Warns Gold to Go Parabolic and Rise to $2,500 By Year End Gold Core
| Gold reached new record nominal highs at $1,780.10/oz and new nominal highs
in euros and sterling also this morning.
Rick
Santelli: ‘If it Wasn’t for the Tea Party…We Would Have Been Rated BBB’
CNBC | It’s hard to have an AAA economy with a CCC president.
The Entire
World Is Going Bear Market Business Insider | A scary aspect of this
selloff: There’s nowhere safe.
8 More Reasons Why You Should Be Deeply Concerned That The
U.S. Government Has Lost Its AAA Credit Rating The Economic Collapse
| Are you ready for part two of the global financial collapse? When we examine
this “deal” that way, what does it look like? The
Economic Collapse Aug 9, 2011 ‘Are you ready for part two of the
global financial collapse? Many now fear that we may be on the verge of a
repeat of 2008 after the events of the last several days. On Friday,
Standard & Poor’s stripped the U.S. government of its AAA credit rating for
the first time in history. World financial markets had been anticipating
a potential downgrade, but that still didn’t stop panic from ensuing as this
week began. On Monday, the Dow Jones Industrial Average dropped
634.76 points, which represented a 5.5 percent plunge. It was the largest
one day point decline and the largest one day percentage decline since December
1, 2008. Overall, stocks have fallen by about 15 percent over the past
two weeks. When Standard & Poor’s downgraded long-term U.S.
government debt from AAA to AA+, it was just one more indication that faith in
the U.S. financial system is faltering. Previously, U.S. government debt
had a AAA rating from S&P continuously since 1941, but now that streak is
over. Nobody is quite sure what comes next. We truly are in
unprecedented territory. But one thing is for sure – there is a lot of
fear in the air right now.So exactly what caused S&P to downgrade U.S.
government debt?Well, it was the debt ceiling deal that broke the camel’s back.According to S&P, the
debt ceiling deal “falls short of what, in our view, would be necessary to
stabilize the government’s medium-term debt dynamics.”As I have written about
previously, the debt ceiling deal was a complete and
total joke, and S&P realized this.Forget all of the huge figures that the
mainstream media has been throwing at you concerning this debt ceiling
deal. The only numbers that matter are for what happens before the next
election.The only way that the current debt ceiling deal will last beyond the
2012 election is if Obama is still president, the Democrats still control the
Senate and the Republicans still control the House. If any of those
things change, this deal ceiling deal is dead as soon as the election is
over.Even if all of those things remain the same, there is still a very good
chance that we would see dramatic changes to the deal after the next
election.So in evaluating this “deal”, the important thing is to look at what
is going to happen prior to the 2012 election.Well, Barack Obama and the
Democrats get the debt ceiling raised by over 2 trillion dollars and will not
have to worry about it again until after the 2012 election.The Republicans get
25 billion dollars in “savings” from spending increases that will be
cancelled.The “Super Congress” that is supposed to be coming up with the second
phase of the plan may propose some additional “spending cuts” that would go
into effect before the 2012 election, but that seems unlikely.So in the final
analysis, the Democrats won the debt ceiling battle by a landslide.25 billion
dollars is not even 1 percent of the federal budget. The U.S. national debt continues to spiral wildly out of
control, and our politicians could not even cut the budget by one
percent.Somehow our politicians believed that the rest of the world would be
convinced that they were serious about cutting the budget, but it turns out
that global financial markets are tired of getting fooled.It has gotten to the
point where now even the big credit rating agencies are being forced to do
something. Not that they really have much credibility left.
Everyone still remembers all of those AAA-rated mortgage-backed securities that
imploded during the last financial crisis. The reality is that the big
credit rating agencies are a bad joke at this point.Several smaller credit
rating agencies have already significantly slashed the credit rating of the
U.S. government. But a lot of pressure had been put on the “big three” to
keep them in line.But now things have gotten so ridiculous that S&P felt
forced to make a move.Sadly, our politicians are still trying to maintain the
charade that everything is okay. Barack
Obama says that financial markets “still believe our credit is AAA and the
world’s investors agree”.Once again, Barack Obama is dead wrong.The truth is
that the credit rating for the U.S. government should have been slashed
significantly a long time ago. This move by S&P was way, way overdue.Moody’s
might be the next one to issue a downgrade. At the moment, Moody’s says
that it will not be downgrading U.S. debt for now, but Moody’s also says that
it has serious doubts about the enforceability of
the “budget cuts” in the debt ceiling deal.This crisis is just beginning.
It is going to play out over time, and it is going to be very messy.The
following are 8 more reasons why you should be deeply concerned that the U.S.
government has lost its AAA credit rating….
#1 The U.S. dollar and U.S. government debt are at the
very heart of the global financial system. This credit rating downgrade
just doesn’t affect the United States – it literally shakes the financial
foundations of the entire world.
#2 As the stock market crashes, investors are flocking
to U.S. Treasuries right now. However, once the current panic is over the
U.S. could be faced with increased borrowing costs. The credit rating
downgrade is a signal to investors that they should be receiving a higher rate
of return for investing in U.S. government debt. If interest rates on
U.S. government debt do end up going up, that is going to make it more
expensive for the U.S. government to borrow money. The higher interest on
the national debt goes, the more difficult it is going to become to balance the
budget.
#3 We could literally see hundreds of other credit
rating downgrades now that long-term U.S. government debt has been
downgraded. For example, S&P has already slashed the credit ratings
of Fannie Mae and Freddie Mac from AAA to AA+. S&P has also already begun to
downgrade the credit ratings of states and municipalities. Nobody is
quite sure when we are going to see the dominoes stop falling, and this is not
going to be a good thing for the U.S. economy.
#4 10-year U.S. Treasuries are the basis for a whole
lot of other interest rates throughout our economy. If we see the rate
for 10-year U.S. Treasuries go up significantly, it will suddenly become a lot
more expensive to get a car loan or a home loan.
#5 The current financial panic caused by this downgrade
is hitting financial stocks really hard. The big banks led the decline
back in 2008, and it looks like it might be happening again. Just check
out what CNN says happened to
financial stocks on Monday….
Financial stocks were among the hardest hit, with
Bank of America (BAC, Fortune 500) plunging 20%, and Citigroup (C, Fortune 500)
and Morgan Stanley (MS, Fortune 500) dropped roughly 15%.
#6
China is freaking out. China’s official news
agency says that China “has every right now to demand the United States to
address its structural debt problems and ensure the safety of China’s dollar
assets”. If China starts dumping U.S. government debt that would make
things a lot worse.
#7
There are already calls for the Federal Reserve to step in and do
something. If the U.S. economy drops into another recession, will we see
more quantitative easing? It seems like we have reached a point where the
Fed is constantly in “emergency mode”.
#8
The U.S. national debt continues to get worse by the day. Just check out
what economics
professor Laurence J. Kotlikoff recently told NPR….
“If you add up all the promises that have been made
for spending obligations, including defense expenditures, and you subtract all
the taxes that we expect to collect, the difference is $211 trillion. That’s
the fiscal gap”
Dick Cheney once said that “deficits don’t matter”,
but the truth is that all of the debt we have been piling up for decades is now
catching up with us.The United States is in such a huge amount of financial
trouble that it is hard to put into words. The days of easy borrowing for
the U.S government are starting to come to an end. We have been living in
the greatest debt bubble in the history of the world, and it has fueled a tremendous
amount of “prosperity”, but now the party is ending.
A whole lot of financial pain is on the
horizon. Please prepare for the hard times that are coming.’
National / World
Plundering Arsonists Looters Are Criminals Not
Revolutionaries Infowars.com | Arson, theft,
looting, and assault are not revolutionary acts.
JP Morgan: Inflation to Trigger $2,500 Gold Price Kurt
Nimmo | Bank revises projection upward following S&P credit rating
downgrade.
Reporter Witnesses Racial Attacks in UK Aaron
Dykes | While he was barricaded inside a local pub, reporter Patrick
Henningson witnessed racial beatings targeting whites.
The Rioting Underclass: Product of a Diseased Culture Paul
Joseph Watson | Pressure from above, pressure from below; It’s about
eviscerating the middle class by manipulating them to demand their own
enslavement.
Police to Use Plastic Bullets on Rampaging Youth in
Britain Kurt Nimmo | One step below introduction of
live ammo.
DHS Funds Real-time Spy Cams on SF Buses Kurt
Nimmo | Orwell’s nightmare surveillance society comes into focus.
Gallup:
Disapproval of Obama Ties All-Time High CNS News |
American’s approval of President tied its all-time low of 42 percent.
“Bin
Laden” Heroes Probably Murderered to Keep Them Quiet ... Gordon Duff Veterans
Today
FLASHBACK:
Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) [ As
indicated on this albertpeia.com website, I didn’t buy the administration’s
desperate and politically opportunist Osama event and still don’t buy it; and
further, I believe this! ]Veterans Today | TRANSCRIPT of
critical interview with Pakistani eyewitness to Bin Laden raid. Is this the key
to SEAL Team 6′s demise?
“Bin Laden”
Heroes Probably Murderered to Keep Them Quiet Gordon Duff
Veterans
Today August 7, 2011 | Some Possibly Killed in Abbottabad Helicopter
Crash Months Before. [ As indicated on this albertpeia.com website, I didn’t
buy the administration’s desperate and politically opportunist Osama event and
still don’t buy it; and further, I believe this! ] Today 31 NATO troops, 20 of
them Navy Seals from the Osama bin Laden operation died in what is reported as
a helicopter crash in Afghanistan.
‘The chance of
this story being true is almost nil. The chances of this being a staged coverup
is over 80%. We believe these people were murdered to silence them. This is
why.
We have solid
information on two areas:
This gave the US several areas of severe
vulnerability. Generally, Navy Seals are the best people in the world at
keeping their mouths shut, these are real team players, as the term “Seal Team”
belies.
Petraeus is a possible presidential contender and had
to be denied this “gift from heaven,” a fast track to the oval office for sure.
Again, I
remind you, I went over specific meetings on bin Laden with his handlers,
getting every last detail. I have watched what has gone on, the continuing need
to vilify a long dead top CIA operative to provide residual cover for the Bush
administration…
The reason?
Bush and his cronies are all facing charges of war crimes, not just in minor
jurisdictions but heading for the ICC, putting them on the dock with Gaddafi (
a far less harmful character).
As for the
timing of this incident? This we will work on. What we can easily surmise is
that some of the dead have been dead since their bodies were taken away from
the helicopter crash site in Abbotabad.
Who would
order such a thing? We are going to have to wait but we are going to find out.
However, we expected this, the timing is exactly as predicted. Read full
article ‘
World at War Alex Jones'
Infowars: There's a war on for your mind! Veterans
Today | TRANSCRIPT of critical interview
with Pakistani eyewitness to Bin Laden raid. Is this the key to SEAL Team
6′s demise? ...
Dollar
down against major currencies Global investors are becoming antsy about the
dollar’s role as the currency at the core of the world’s financial system. (Washington Post) [ Antsy? At this point, if it was only just
‘antsy’ there’d be room to hope. Despite the understatement, this is now way
beyond ‘antsy’. Reality counts! For
first time, U.S. credit rating cut from AAA Standard & Poor’s announces
that it has downgraded U.S. government debt to AA+, dealing a huge symbolic
blow to the world’s economic superpower in what was a sharply worded critique
of the American political system. (Washington Post) [ Come on! Let’s get real
here! Symbolic? If it were only that. If it were only the american political
system, there’d at least be a plausible reason for hope, albeit futile even at
that. Indeed, pervasively corrupt, defacto bankrupt america, literally causing
destruction domestically and internationally, is a testament to the failure of
the american system generally, or more specifically what it has devolved into.
Whatever america was and purports to be, it certainly doesn’t take a PhD in
Poli Sci to know, ‘it ain’t that no more’. Moreover, the ‘genie’s out of the
bottle’ and try as they may, like ‘trying to put toothpaste back in the tube’,
or ‘unringing the bell’, perceptions of america will never be the same in the
most negative but realistic and factual sense; that is, beyond the propaganda,
efforts at censorship, and spin. Those ‘propaganda dogs don’t hunt no more.’ I
can further say that in america, by close observation and direct experience
(with more than sufficient representative sampling), I’ve seen and experienced
the worst of human nature; behavior so egregious so as to defy any known norms
of civilized behavior. Quite simply, there is no excuse for america! Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for
unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion,
PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while
other estimates exceed $100 trillion (these amounts are insurmountable) …’ America’s
shine is wearing off
The
powerless president Obama remains
indecisive, and ignored, as larger forces bring down the country. Robinson:
S&P downgrades the GOP (Washington Post) [ Riiiiight! It’s everything but ‘wobama the b’
(for b***s***) that’s to blame for the nation’s meltdown according to wobama
aficionados / intractable wobama apologists, Messieurs Milbank and Robinson.
Sweet Mr. Milbank even points to wobama’s personal character flaws (among many
unmentioned) to exculpate the failed president wobama. Wobama’s failed
miserably and yet had the easiest act in the world to follow in the persona of
fellow failed president war criminal dumbya bush whose failed policies up to
the real start of the election cycle he’s largely followed. After all, Mr.
Robinson, how different really are the parties these days when profligate
spending on illegal, unnecessary wars was continued when democrats controlled
congress, and then even the executive office when continuing failed president
and war criminal dumbya bush’s nation bankrupting, nation destroying war
policies, protection for unprecedentedly huge wall street frauds, bush tax cut
extensions for the wealthy, and then some (spending on top of it). Drudgereport: HARRY
BELAFONTE: Obama 'has failed'...
NOONAN:
'HE IS A LOSER'...
GALLUP:
40% APPROVAL...
Obama
takes debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most
importantly, realize that if wobama’s actions had not belied his words/campaign
promises, the nation’s position, though still ominous, would have been
substantially improved.
Rioters and Vigilantes Divide Along Racial Lines Guardian
Live | There has been a brief but worrying flashpoint in north Enfield.
BlackBerry Website Hacked as Company Pledges to Help Cops
Find Brit Rioters Kurt Nimmo | Hackers threaten to
make company database public.
Police to Use Plastic Bullets on Rampaging Youth in
Britain Kurt Nimmo | Deputy Assistant Commissioner Stephen Kavanagh
said today the police will use baton rounds and plastic bullets if the
vandalism in Britain continues.
8 More Reasons Why You Should Be Deeply Concerned That
The U.S. Government Has Lost Its AAA Credit Rating The Economic
Collapse | Are you ready for part two of the global financial collapse?
UK Riots: Government Prepares Troops, Martial Law Paul
Joseph Watson | Eyewitnesses: Police stood back and allowed rioters to loot
private businesses.
Barackalypse Now: Infowars Special Report PrisonPlanet.tv
| Alex Jones covers the United States’ downgrade from AAA credit rating, the
dramatic stock plunge, and the related exploding price of gold.
US Government Monitoring Facebook for Federal Reserve
Protests YouTube | On June 22nd Xander and I decided to hold a last
minute End The Fed rally on Wall St. When we got there about 40 police were
waiting for us.
The Standard and Poor’s (S&P) Debt Downgrade: What It
Means Dr. Paul Craig Roberts | ‘The reduction in the government’s
credit rating to AA+ from AAA is a cosmetic change … It is revealing that
despite the downgrade, US bond prices rose. It was stocks that fell. The
financial press is blaming the stock market decline on the bond downgrade.
However, stocks are falling because the economy is falling. Too many jobs have
been moved offshore. Interest rates could fall further as investors flee into
Treasuries from the euro because of sovereign debt worries, flee equity markets
as they continue to tumble, and as large banks charge depositors for holding
their cash. Indeed, the latter policy could be seen as an effort to drive
people with large cash holdings out of cash into government bonds. Japan has a
lower credit rating than the US and has even lower interest rates. More hard knocks
are on their way. As the economy weakens and the economic outlook darkens, new
deficit projections will elevate the debt issue…’
Editorial:
What S&P got right (Washington
Post) [The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! Any up move / strength, is still a great opportunity to sell /
take profits since there’s much, much worse to come! Famed economist predicts economic calamity in 2012. See the
evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing
to political desperation! [ Is this some parallel
universe where unfounded criticism is levied at S&P for the downgrade when
they’ve actually cut the pervasively corrupt, defacto bankrupt disunited states
a break by not rating what america truly is; viz., junk status for the paper /
liabilities / obligations that cannot and will not be paid (or the equivalent
vis-à-vis what would be in worse than evermore worthless Weimar dollars or some
other ‘ponzi-like’ subterfuge, obfuscation). The amounts are insurmountable
going forward. They point to Moody’s and Fitch; yet, let’s not kid ourselves,
S&P is the ‘800 pound gorilla’ in this world among rating agencies and
moody’s, fitch have substantially diminished themselves as entities consistent
with their ‘mission and purpose’ and as well, their credibility. I mean, come
on! Consider the pressure that was and continues to be applied. Moody’s and
fitch, quite frankly, folded. China’s rating agency has already downgraded u.s.
paper and they’re ‘holding’ (huge amounts of that u.s. junk); and hence,
against their own interest. Wake up! ]
Why
You Shouldn't Buy Into This Plunge Forbes/O'Neil ‘The market
is building momentum to the downside’ S&P
on U.S. downgrade: Debt pact 'falls short' - Reuters For
first time, U.S. credit rating cut from AAA
Libya blasts
NATO village ‘massacre’ AFP | Libyan authorities on Tuesday accused NATO of
a “massacre” of 85 villagers in air strikes.
Is
Obama’s fate written in numbers? Recent economic data amounts to a
formidable headwind for any incumbent president hoping for a second term. And
Democrats worry time is running out. (Washington Post) [ Let’s just say the
fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s
done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the
truth is he really screwed you’ … well you know that familiar theme and can ad
lib, insert your own words!
It’s
still Obama’s party Why he won’t face a primary challenge: Republicans and
racial politics. (Washington Post) [
It’s true … so right you are! Al Gore’s even pitchin’ in by donating the
talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a
song in wobama’s honor (kidding) which goes something like this , ‘It’s his
party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you
would cry too, if obama happened to you
… Well, there you go … if the song says
it it must be true. Yeah! And those dern republicans and their racial politics
… UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore
cases that involve black defendants and white victims' – Time to get whitey, at
last, at last, etc., say holder / wobama who go on to say ‘and they ain’t
talking about Whitey Bulger, the mobster, either!’
SHARE
YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
ATF Chief Melson:Justice
Department trying to shield officials (LATimes) Serrano
I believe him!
I truly empathize with the
ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize
some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship
with Italy), and some familiar crimes (ie., drug money laundering, etc. – real
cash cow for gov’t ops, bribes, etc.). [Did you know this about the following
ATF Agents who were probably viewed as loose ends: Steve Willis, Robert
Williams, Todd McKeahan & Conway LeBleu: Died February
28, 1993 by gunfire at Waco. All four were examined by a pathologist and died
from identical wounds to the left temple. All four had been body guards for
Bill Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims Act probably would apply and I
would absent resolution seek to refer the within to a firm with expertise in that
area of the law with which I am not familiar).
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm
. With regard to the calls to the FBI’s LA and New Haven, CT
offices: There was one call to the LA office and I was referred to the Long
Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I
gave probative evidentiary documents of the money laundering which he confirmed
as indicative of same (he was transferred from said office within approximately
a month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
- A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc..
- Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page
1
Page 2
]
- Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part
- crossexamofcoanbypeia.pdf ]
- Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
- Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In
addition to being 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. As much as I hate the mob,
it truly was funny, if not so tragic.], Alito is also
corrupt (and maybe corrupt because he is inept). After a reasonable (but
still rather short) time I called to determine the status and was told
that Alito was no longer with the Office of the U.S. Attorney, that he was
(appointed) a federal judge, and that neither the documents nor any file
or record of same could be located. Alito did parley the same / cover-up
into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I
hesitate to chance greater non-performance / worsening by their ‘fix’ so cell
phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama
has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP |
Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Sincerely
and Regards,
Al
Peia
Traders
unload across the board; investors pour cash into bonds Despite efforts by
world leaders to reassure markets, investors remained alarmed over the economic
woes in the U.S. and a spreading debt crisis in Europe. (Washington Post) [
Sounds like a plan! Among their first in quite some time consonant with
reality. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed! Any
up move / strength particularly, this is still a great opportunity to sell / take
profits since there’s much, much worse to come! Famed economist predicts
economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing
to political desperation!
Here’s a picture of obama
voters / backers: http://www.albertpeia.com/wobamavoters.gif
Editorial:
What S&P got right (Washington
Post) [The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed! Any
up move / strength, is still a great opportunity to sell / take profits since
there’s much, much worse to come! Famed economist predicts economic calamity
in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing
to political desperation! [ Is this some parallel
universe where unfounded criticism is levied at S&P for the downgrade when
they’ve actually cut the pervasively corrupt, defacto bankrupt disunited states
a break by not rating what america truly is; viz., junk status for the paper /
liabilities / obligations that cannot and will not be paid (or the equivalent
vis-à-vis what would be in worse than evermore worthless Weimar dollars or some
other ‘ponzi-like’ subterfuge, obfuscation). The amounts are insurmountable
going forward. They point to Moody’s and Fitch; yet, let’s not kid ourselves,
S&P is the ‘800 pound gorilla’ in this world among rating agencies and
moody’s, fitch have substantially diminished themselves as entities consistent
with their ‘mission and purpose’ and as well, their credibility. I mean, come
on! Consider the pressure that was and continues to be applied. Moody’s and
fitch, quite frankly, folded. China’s rating agency has already downgraded u.s.
paper and they’re ‘holding’ (huge amounts of that u.s. junk); and hence,
against their own interest. Wake up!
Drudgereport: TEMPLETON chairman: Financial
Crisis 'Around Corner'...
'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
Obama Economists Admit:
'Stimulus' Cost $278,000 per Job...
GALLUP SHOCK: 'REPUBLICAN'
BEATS OBAMA BY 8%
APPROVE: 42%
Return of Mass Layoffs a Grim
Sign...
DOWNGRADED!
DETAILS [.PDF FILE]
FLASHBACK: 'No risk' USA will
lose its top credit rating, says Treasury's Geithner … [ Well, we all know the
powers of foresight possessed by ‘no-recession-helicopter ben’ and tiny tim
geithner ] ...
The
powerless president Obama remains
indecisive, and ignored, as larger forces bring down the country. Robinson:
S&P downgrades the GOP (Washington Post) [ Riiiiight! It’s everything but ‘wobama the b’
(for b***s***) that’s to blame for the nation’s meltdown according to wobama
aficionados / intractable wobama apologists, Messieurs Milbank and Robinson.
Sweet Mr. Milbank even points to wobama’s personal character flaws (among many
unmentioned) to exculpate the failed president wobama. Wobama’s failed
miserably and yet had the easiest act in the world to follow in the persona of
fellow failed president war criminal dumbya bush whose failed policies up to
the real start of the election cycle he’s largely followed. After all, Mr.
Robinson, how different really are the parties these days when profligate
spending on illegal, unnecessary wars was continued when democrats controlled
congress, and then even the executive office when continuing failed president
and war criminal dumbya bush’s nation bankrupting, nation destroying war
policies, protection for unprecedentedly huge wall street frauds, bush tax cut
extensions for the wealthy, and then some (spending on top of it). Drudgereport: HARRY BELAFONTE: Obama 'has
failed'...
NOONAN: 'HE IS A LOSER'...
GALLUP: 40% APPROVAL...
Obama takes debt battle to
TWITTER, loses more than 33,000 followers...
FARRAKHAN: 'THAT'S A MURDERER
IN THE WHITE HOUSE'...
Most
importantly, realize that if wobama’s actions had not belied his words/campaign
promises, the nation’s position, though still ominous, would have been
substantially improved.
Pentagon
bans media coverage of ceremony to return remains of soldiers killed in helo
crash (Washington Post) [Sources: Seal Team 6 Was Murdered TheAlexJonesChannel | The SEALs
team has reportedly been extremely angry about the fabricated OBL raid and
ready to talk.
Pakistan TV Report Contradicts US Claim of Bin Laden’s
Death Paul Craig Roberts | OBL’s death will remain one of
those many “truths” that rest on nothing but the government’s word.
Sources: Seal Team 6 Was Murdered The
Alex Jones Channel | The SEALs team has reportedly been extremely angry about
the fabricated OBL raid and ready to talk.
Pakistan TV Report Contradicts US Claim of Bin Laden’s
Death Paul Craig Roberts | OBL’s death will
remain one of those many “truths” that rest on nothing but the government’s
word.
Seal Team 6 Crash Was An Inside Job Alex
Jones | Were Obama and the globalists tying up loose ends?
Old Tattered Republic: Why Do Some Believe Known Liars? TheAlexJonesChannel
| Why do we buy ANY of the lies?
Infowars Ireland Predicted SEAL Team 6 Demise Tony
Cartalucci | Strange Coincidence Surrounding a Known Conspiracy.
We have solid information on two areas:
Deaths of SEAL Team 6 Exposed Aaron
Dykes & Alex Jones | We predicted shortly after the raid on bin Laden’s
compound that SEALs would soon be reported dead in a helicopter crash or staged
incident following multiple reports from military sources.
SEAL Unit Supposedly Responsible for Osama Hit Killed in
Copter Crash Kurt Nimmo | Is it possible the Pentagon took
out the helicopter to send a message to the SEALs, just in case some of them
decide (like Pat Tillman did) to tell the truth?
Questions raised by the SEAL Team 6 deaths in Afghanistan
Madison Ruppert | It took minutes before the Internet was
ablaze with chatter about the deaths of these American commandos.
Dollar
down against major currencies Global investors are becoming antsy about the
dollar’s role as the currency at the core of the world’s financial system. (Washington Post) [ Antsy? At this point, if it was only just
‘antsy’ there’d be room to hope. Despite the understatement, this is now way
beyond ‘antsy’. Reality counts! For
first time, U.S. credit rating cut from AAA Standard & Poor’s announces
that it has downgraded U.S. government debt to AA+, dealing a huge symbolic
blow to the world’s economic superpower in what was a sharply worded critique
of the American political system. (Washington Post) [ Come on! Let’s get real
here! Symbolic? If it were only that. If it were only the american political
system, there’d at least be a plausible reason for hope, albeit futile even at
that. Indeed, pervasively corrupt, defacto bankrupt america, literally causing
destruction domestically and internationally, is a testament to the failure of
the american system generally, or more specifically what it has devolved into.
Whatever america was and purports to be, it certainly doesn’t take a PhD in
Poli Sci to know, ‘it ain’t that no more’. Moreover, the ‘genie’s out of the
bottle’ and try as they may, like ‘trying to put toothpaste back in the tube’,
or ‘unringing the bell’, perceptions of america will never be the same in the
most negative but realistic and factual sense; that is, beyond the propaganda,
efforts at censorship, and spin. Those ‘propaganda dogs don’t hunt no more.’ I
can further say that in america, by close observation and direct experience
(with more than sufficient representative sampling), I’ve seen and experienced
the worst of human nature; behavior so egregious so as to defy any known norms
of civilized behavior. Quite simply, there is no excuse for america! Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for
unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion,
PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while
other estimates exceed $100 trillion (these amounts are insurmountable) …’ America’s
shine is wearing off
S&P
downgrades US credit rating from AAA The United States has lost its sterling credit rating
from Standard & Poor's.
U.S.
triple-A debt rating cut by Standard & Poor’s Aug 5, 2011 The United States late Friday lost its triple-A debt rating from Standard
& Poor’s for the first tie ...
Text of S&P downgrade of
U.S. rating 06 Aug 2011 The following is the
text of Standard & Poor’s downgrade of the United States. ...
S&P
Shocks the U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall
St. Cheat Sheet August 5, 2011,
‘Standard
& Poor’s is out with an official
downgrade of the U.S. credit rating:
• We have
lowered our long-term sovereign credit rating on the United States of America
to ‘AA+’ from ‘AAA’ and affirmed the ‘A-1+’ short-term rating.
• We have also
removed both the short- and long-term ratings from CreditWatch negative.
• The
downgrade reflects our opinion that the fiscal consolidation plan that Congress
and the Administration recently agreed to falls short of what, in our view,
would be necessary to stabilize the government’s medium-term debt dynamics.
• More
broadly, the downgrade reflects our view that the effectiveness, stability, and
predictability of American policymaking and political institutions have
weakened at a time of ongoing fiscal and economic challenges to a degree more
than we envisioned when we assigned a negative outlook to the rating on April
18, 2011.
• Since then,
we have changed our view of the difficulties in bridging the gulf between the
political parties over fiscal policy, which makes us pessimistic about the
capacity of Congress and the Administration to be able to leverage their
agreement this week into a broader fiscal consolidation plan that stabilizes
the government’s debt dynamics any time soon.
• The outlook
on the long-term rating is negative. We could lower the long-term rating to
‘AA’ within the next two years if we see that less reduction in spending than
agreed to, higher interest rates, or new fiscal pressures during the period
result in a higher general government debt trajectory than we currently assume
in our base case.
Investing
Insights: Is
the Debt Ceiling Raise Bullish for Gold?’
13
Reasons Why The U.S. Is Now OFFICIALLY BANKRUPT Daily Bail
| Stop the budget lies; there are NO cuts. House passes bill to INCREASE
spending by $7 trillion over the next 10 years. ATTENTION IDIOTS IN THE
MAINSTREAM MEDIA – Stop The Budget Lies – There Are NO Cuts – House Passes Bill
To INCREASE Spending By $7 Trillion Over The Next 10 Years
Lies,
Damn Lies And Government Budgets
I am so pissed
off by
the misreporting I could spit Ken Lewis hairballs.
#1) Corporate
journalists and financial pundits know NOTHING about budgets.
#2) The
Boehner led House passed legislation this evening that INCREASES
spending by $7 TRILLION over the next ten years versus a baseline budget
that would have increased spending by $9.5 TRILLION over the same period.
#3) CBO
said today that LESS than 2% of the decrease in the GROWTH of spending will
come before the 2012 elections. The remainder come after the election.
#4) Defense
and war machine spending will
grow at 3% per year instead of 4% per year.
#5) This was
nothing but an agreement to agree at a later date to look for reductions in
planned spending GROWTH.
#6) A Super Congress
will decide on a mix of tax increases and reductions in planned spending growth
to meet the targets at a later date.
#7) No
one in Congress even considered Ron Paul’s simple plan, now endorsed by Time
Magazine as well as liberal economist Dean Baker, to wipe out $1.6 trillion in
fake debt owned by the Federal Reserve. Debt that we owe to ourselves, that
is entirely legal to wipe away.
#8.) CBO says under this plan, the national debt will
INCREASE from $14.4 TRILLION currently to more than $25 TRILLION over the next
10 years.
#9) The assumption for #8 above assumes the economy
grows at 3% per year over the next 10 years, and that Treasury interest rates
stay at historic lows. When rates increase, and bet your life that they will,
interest on the debt will increase and so will annual deficits, leading to a
national debt much higher than the $25 TRILLION that CBO
estimates.
#10) Regarding Treasury rates and interest on the
debt, get educated about a concept called ‘DURATION RISK.’ Turbo Geithner and
his MENSA bed-fellows at Treasury have chosen to finance the great majority of
recent and future borrowing in short-term bills, which means that they have to
be rolled over frequently. This is perhaps the least-discussed and most
dangerous issue related to Treasury debt.
#12) The bill passed by Boehner tonight was the BEST
they could do after 6 weeks of fighting.
#13) Due to #12, the United States is officially
f*cked.
Thank you and good night.’
Standard & Poor’s downgrades U.S. debt rating Raw
Story | The rating agency has gone ahead with the change, lowering the U.S.
from AAA to AA+.
As promised, S&P downgrades United States AAA credit
rating Madison Ruppert | This downgrade will increase borrowing
costs for the Treasury, meaning it will be even harder for our weak economy to
work off the black hole of debt.
Flashback – Geithner: No Risk U.S. Will Ever Lose AAA
Credit Rating Daily Bail | Tim Geithner Making Predictions – U.S.
Will Never Lose It’s AAA Credit Rating!
AAA-rmageddon: S&P downgrade knocks off US credit
crown RT | The destructive force is the crippling debt which
Congress has struggled to agree on how to tackle, with only an 11th-hour deal
to raise the amount allowed.
15
Reasons Markets Crashed This Week (8-1-11 to 8-5-11)Wall St. Cheat
Sheet
Our Long
Range Investing Outlook Is Not Bright: Great Depression 2.0?
Jim
Rogers: US never scraped out of 2008 depression
RT | Asian investors are getting cagey on
the back of what’s been a tough week for America’s economy. Jim Rogers says
they’re ditching bonds.
Infowars
Special Report with Gerald Celente: US Dollar Isn’t Worth The Paper It’s
Printed On
Prison Planet | Gerald sounded the bell today saying that the US
dollar isn’t worth the paper it is printed on.
BofA liabilities bigger than expected
Bizjournals.com Bank of America says its liabilities for
mortgage repurchases from Fannie Mae and Freddie Mac could be worse than
expected. Bank of America told investors that its liabilities for mortgage
repurchases from Fannie Mae and Freddie Mac could be worse than ...
Debt crisis: Is this the end for the
euro?Telegraph.co.uk Europe's leaders, policymakers and bond
vigilantes are engaged in a fatal three-way game of brinkmanship. The showdown
will see either careers bite the dust or the end of the euro.
Crowds burn cars, buildings to protest man's killing in north
London CNN By the CNN Wire Staff London (CNN) -- British
authorities urged for calm early Sunday, hours after demonstrators in north
London burned police cars, and set a bus and buildings ablaze to protest the
death of a local man.
Investor
fear drowns out ECB, G7 pledges TOKYO/SYDNEY (Reuters) - Fear gripped Asian markets
on Monday as the fallout from the historic downgrade of the U.S. debt rating
drowned out pledges of assistance from Europe's central bank and so...
Moody's
says U.S. still needs to find further cuts
Economy
Stalling, Stocks Sinking, Gold Spiking at Forbes
G7
Preparing Statement To Support Dollar, EU, In Fact Everything That Would
Otherwise Collapse Tomorrow, Before Asia Open Zero Hedge |
Japan may intervene in currency market if dollar falls.
How
JP Morgan Took Over All Kentucky’s Financial Services, And Why You Should Be
Scared AlterNet | Major player in global financial crisis
now in charge of all financial transactions in entire state.
Dollar
to drop on S&P move; safe-haven demand seen Reuters |
The U.S. dollar may weaken and Treasury yields rise when Asian markets reopen
on Monday.
Dollar
to drop on S&P move; safe-haven demand seen Reuters | The U.S. dollar
may weaken and Treasury yields rise when Asian markets reopen on Monday.
Global
policymakers discuss debt crisis, market turmoil Reuters | Global
policymakers held an emergency conference call on Sunday to discuss the twin
debt crises in Europe and the United States.
50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com) ‘Robert Wiedemer’s new book,
“Aftershock: Protect Yourself and Profit in the Next Global Financial
Meltdown,” quickly is becoming the survival guide for the 21st century. And
Newsmax’s eye-opening Aftershock Survival Summit video, with exclusive
interviews and prophetic predictions, already has affected millions around the
world — but not without ruffling a few feathers.
Initially screened for a private audience, this gripping video exposed harsh
economic truths and garnered an overwhelming amount of feedback.
“People were sitting up and taking notice, and they begged us to make the video
public so they could easily share it,” said Newsmax Financial Publisher Aaron
DeHoog.
But that wasn’t as simple as it seems. Various online networks repeatedly shut
down the controversial video. “People were sending their friends and family to
dead links, so we had to create a dedicated home for it,” DeHoog said.
(Editor's Note: Watch
Bob Wiedemer’s Aftershock Survival Summit video)
This wasn’t the first time Wiedemer’s predictions hit a nerve. In 2006, he was
one of three economists who co-authored a book correctly warning that the real
estate boom and Wall Street bull run were about to end. A prediction Federal
Reserve Chairman Ben Bernanke and his predecessor, Alan Greenspan, were not
about to support publicly.
Realizing that the worst was yet to come, Wiedemer and company quickly penned
“Aftershock.” However, just before it was publicly released, the publisher
yanked the final chapter, deeming it too controversial for newsstand and online
outlets such as Amazon.com.
“We got lucky,” DeHoog said. “I happened to read the original version, which
contained this ‘unpublished chapter,’ which I think is the most crucial in the
entire book. Wiedemer gave Newsmax permission to share this chapter with our
readers.”
With daily economic forecasts projecting doom and gloom and no recovery in
sight, people need to learn how to survive economic disaster. During the past
quarter alone, unemployment skyrocketed to 9 percent. Inflation continues to
soar and the U.S. national debt crisis is still on the fence between raising
the debt ceiling or massive budget cuts, with no resolution in sight.
During Newsmax’s Aftershock Survival Summit video, Wiedemer
discusses the dire consequences of Washington, D.C.’s, bipartisan, multi-decade
“borrow-and-spend” agenda. He also explores the inflation nightmare, the
impending plunge in home prices, the looming collapse of the stock and bond
markets, a possible historic surge in unemployment, and how to survive what
life in America will be like in the days of the “Aftershock.”
Despite appearances, Aftershock is not a book with the singular intention of
scaring the heck out of people. Although it does provide a harsh outlook for
the economic future of America, the true value lies in the wealth of investment
tips, analyses, predictions, budget advice, and sound economic guidance that
people can act on immediately, offering a ray of recovery hope and an
indispensable blueprint for life after shock…’
Read more on Newsmax.com: ‘Aftershock’ Book Predicts Economic Disaster Amid
Controversy
Dow plunges
more than 634 points after downgrade
Stocks
plunge worldwide -- Dow's 6th-worst loss
Global
policy actions fail to halt stocks rout
[video]
Expect More Selling Tomorrow at TheStreet.com
1000
Point Drop in DOW – Is Your Portfolio Ready? | Chuck's Blog
With
No Bailouts Coming, US Must Take Its Medicine at Minyanville
Warren
Buffett's Empire Is Declared Unsafe at Forbes
Did
Soros Bet $1 Billion on U.S. downgrade in July? Finance Examiner
| In late July, a mystery investor or hedge fund made a nearly $1 Billion bet
that the US would lose their AAA credit rating.
Dollar
to Be ‘Discarded’ by World: China Rating Agency CNBC |
Greenback’s status as the world’s reserve currency set to wane.
Wall Street Tumbles FOXBusiness
| The markets fell sharply in choppy trading Monday morning after Standard
& Poor’s downgrade.
Markets
Mayhem: Asia stocks plummet on US rating downgrade RT | Asian stocks
tumbled early on Monday, kicking of what is a string of torrid trading around
the globe.
Despite
pledges from world leaders, global markets continue to fall Washington Post
| Stock markets in Europe and Asia continued a bitter string of declines
Monday.
Muni
Market Prepares For “Hundreds And Hundreds” Of Downgrades Zero Hedge |
“There will be hundreds and hundreds of municipal downgrades, which will not do
well to bolster investor confidence.”
No
Chance of Default, US Can Print Money: Greenspan CNBC | Former Federal
Reserve Chairman Alan Greenspan on Sunday ruled out the chance of a US default
Train
Reading: Late Edition Gongloff ‘Corporate executives
get more pessimistic — Real Time Economics
Maybe the
stock slump isn’t about the downgrade at all — The Atlantic
Fed meeting
walkup — Calculated Risk
Downgrade
mania hits the filings — Footnoted
The
downgrade’s place in the left-right war — Slate’
Fear
Index VIX Up 50%, And In Backwardation, Confirms Fully Fledged Bear Market at
Forbes
Is the Worst Over
or Just Beginning? ETFguide Simon Maierhofer, August
8, 2011,
The last 12
trading days have erased more than one year of gains. One can't help but think
about September/October 2008 when the Dow Jones (DJI: ^DJI) lost nearly 4,000
points, the S&P (SNP: ^GSPC) 400 points, and the Nasdaq (Nasdaq: ^IXIC)
1000 points.
Over the past
two weeks the Dow has lost 'only' 1,600 points. Does that mean the worst is
over or is the worst still to come?
LONG-TERM
OUTLOOK
A number of
bearish events happened last week:
1) The Dow
Jones broke through a trend line that has provided support on four occasions
since the March 2009 low (see chart below).
2) Dow Theory
registered a bearish non-confirmation when the transports hit a new high on
July 7, while the Industrial Average was unable to beat its May 2 high.
3) The S&P
broke below the neckline of a bearish head and shoulders formation.
https://www.etfguide.com//contributor/UserFiles/8/Image/aaa%20dj%208%208%2011.gif
In addition to
the above, the S&P has been laboring on a multi-decade bearish M-pattern.
The upper trend line of this bearish M pattern sliced through 1,377 in April.
Important Fibonacci resistance was at 1,369.
This M pattern
looked so esthetically pleasing (if you can use that term in connection with
technical analysis) that the ETF Profit Strategy Newsletter stated on March 6:
'A major market top in the 1,369 - 1,382 range would certainly create a
technical picture for the history books.'
On April 3,
the Newsletter confirmed this outlook: 'In terms of resistance levels, the
1,369 - 1,382 range is a strong candidate for a reversal of potentially
historic proportions.'
The ETF Profit
Strategy Newsletter for August (released on July 15) provided more insight
about the market's post-peak performance: 'The next bigger profit opportunity
will be to the down side. A close below this year's low at 1,249 would probably
mean that a major market top has been reached and should minimally lead to
1,229 or 1,170.'
The
deterioration in U.S. markets along with emerging markets (NYSEArca: EFA - News) and (NYSEArca: EEM - News), wasn't just a fluke
technical constellation. It was a man made (with 'man' I mean Fed) disaster.
Also on July
15, the Newsletter explained that: 'the Fed fueled a QE bubble to combat the
damage left behind by the previous bubbles. Once punctured, bubbles tend to
deflate quickly. We still anticipate a decline towards x,xxx (reserved for
subscribers) starting in 2011-2012.
SHORT-TERM
OUTLOOK
Those who
don't learn from history are destined to repeat it. I'm not a big fan of
cliches, but investors do well not to ignore certain historic patterns.
It's said that
the difference between a smart and a wise person is simply how they learn: A
smart person learns from his own mistakes. A wise person learns from the
mistakes of others. Who does not want to be wise and learn from history?
The July 16
ETF Profit Strategy update featured a chart of the 2007 market top and stated:
'There is a striking similarity between the 2007 top and now. There is a
similar trend line and a triple top above the trend line. A break below that
trend line could be a precursor of bad things. Next week the trend line will be
at about 1,262.'
As expected
the S&P stair-stepped lower to 1,262 and fell apart as soon as it dropped
below 1,262. We all know that history may not repeat itself, but it often
rhymes.
Courtesy of
the 2007/2008 decline we now have a script. Let's see how much lip the actors
will add during the live performance (I.e. the downgrade of U.S. debt by
Standard & Poor's).
As per the
script we can expect a low that dips beneath last week's low, followed by an
eventual rally that will test the trend line that provided support previously.
DEALING
WITH THE UNEXPECTED
Will there be
QE3? If so, how will QE3 affect stocks? We don't know. What we do know is that
the world's industrial powers are already hoping that Europe's central bank
will engage in aggressive bond buying (Europe's version of QE3).
What we also
know is that every bounce in the stock market is now considered a dead cat
bounce unless it carries above major resistance.
SHOULD
YOU RUSH INTO GOLD
Gold
(NYSEArca: GLD - News) has just spiked above a
trend line that goes back as far as 2006. Gold (NYSEArca: IAU - News) is at a new all-time high,
so aside from this trend line there was no overhead resistance.
However, gold
is stretched and is susceptible to a potentially powerful decline. Such a
decline could be triggered by a drop below the trend line. In fact, that's
exactly what happened at the end of April. It's always smart to have some
exposure to precious metals, but it's also prudent to have a plan B if things
go sour.
SUMMARY
Most investors
should be in cash now. The ETF Profit Strategy Newsletter recommended squaring
all long positions at S&P 1,340 on July 7. If you haven't had a chance to
get out in time, the situation is a bit trickier…’
JP
Morgan Joins Goldman Sachs In Upping Gold Forecasts Aug 8th, 2011 12:54 by News (The Wall Street Journal) — JP Morgan (JPM)
has become the latest bank to up its forecast for spot gold prices, hiking its
estimates by a whopping 39% and predicting the precious metal to reach at least
$2,500 a troy ounce by the end of the year.
The
Nixon Shock: How Nixon stopped backing the dollar with gold and changed global
finance Aug 8th, 2011 12:45 by News (BusinessWeek) —
‘ “Inauguration Day was cloudy, grim,” wrote
Arthur Burns in his diary on Jan. 20, 1969. As he watched President-elect
Richard Nixon, Burns—an immigrant from Galicia, the son of a housepainter who
had risen to become the foremost expert on U.S. economic cycles and chief
economist to Dwight Eisenhower—saw a man with “a look of exaltation about him.”
It was not a feeling Burns shared. “I would have felt better if his head were
bowed and his body trembled some.”
…By the time
Nixon took office, officials knew they were sitting on a powder keg.
…First,
America would stop converting dollars to gold. Second, to combat the potential
inflationary effects, wages and prices would be frozen for 90 days. And third,
the U.S. would impose an import surcharge of 10 percent. Connally’s idea was to
use the surcharge as a cudgel, to pressure other countries to renegotiate their
exchange rates.
…Connally
brilliantly packaged the program not as America abandoning its commitment to
the gold standard but as America taking charge. He turned the dollar’s
collapse, which could have appeared shameful, into a moment of hubris.
[source]
PG View: This article provides important historical context,
as arguably it was the “hubris” of ending the dollar’s convertibility to gold
that ultimately led to Friday’s downgrade of US sovereign debt. ’
For
first time, U.S. credit rating cut from AAA Standard & Poor’s announces
that it has downgraded U.S. government debt to AA+, dealing a huge symbolic
blow to the world’s economic superpower in what was a sharply worded critique
of the American political system. (Washington Post) [ Come on! Let’s get real
here! Symbolic? If it were only that. If it were only the american political
system, there’d at least be a plausible reason for hope, albeit futile even at
that. Indeed, pervasively corrupt, defacto bankrupt america, literally causing
destruction domestically and internationally, is a testament to the failure of
the american system generally, or more specifically what it has devolved into.
Whatever america was and purports to be, it certainly doesn’t take a PhD in
Poli Sci to know, ‘it ain’t that no more’. Moreover, the ‘genie’s out of the
bottle’ and try as they may, like ‘trying to put toothpaste back in the tube’,
or ‘unringing the bell’, perceptions of america will never be the same in the
most negative but realistic and factual sense; that is, beyond the propaganda,
efforts at censorship, and spin. Those ‘propaganda dogs don’t hunt no more.’ I
can further say that in america, by close observation and direct experience
(with more than sufficient representative sampling), I’ve seen and experienced
the worst of human nature; behavior so egregious so as to defy any known norms
of civilized behavior. Quite simply, there is no excuse for america! Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for
unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion,
PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while
other estimates exceed $100 trillion (these amounts are insurmountable) …’ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The effects
of these negative predispositions toward inherent criminality is certainly
being felt globally as well as domestically and has little to recommend it. My
own direct experience with the region(s) (particularly new jersey, new york,
virginia, connecticut, california) carves out no exception for the prevalence
of the worst of human nature; which is now collectively and pervasively
americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Drudgereport:
TEMPLETON
chairman: Financial Crisis 'Around Corner'...
'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job...
GALLUP
SHOCK: 'REPUBLICAN' BEATS OBAMA BY 8%
APPROVE:
42%
Return
of Mass Layoffs a Grim Sign...
DOWNGRADED!
DETAILS
[.PDF FILE]
FLASHBACK:
'No risk' USA will lose its top credit rating, says Treasury's Geithner … [
Well, we all know the powers of foresight possessed by ‘no-recession-helicopter
ben’ and tiny tim geithner ] ...
Cautious
relief amid modest job growth (Washington Post) [ What
Recovery? Forbes
‘…we can’t call this a recovery. There’s no reason to celebrate when a
job report was better than expected. Why? Because the expectation was abysmal
to begin with. And while we’re at it, we can’t ignore increasing sovereign debt
problems in Europe…’ Famed economist predicts economic calamity in 2012. See the
evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed! This suckers’ rally is, along with any up move /
strength, a great opportunity to sell / take profits since there’s much, much
worse to come! Watch for
fake gov’t data / reports owing to political desperation! Why
You Shouldn't Buy Into This Plunge Forbes/O'Neil‘The market is
building momentum to the downside’. Wall Street
closes worst week since '08 with wild day NEW YORK (Reuters) S&P
on U.S. downgrade: Debt pact 'falls short' - Reuters S&P
downgrades US credit rating from AAA S&P
Shocks the U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat Sheet ‘Top
3 Reasons Markets Erased the Year’s Gains Wall St. Cheat Sheet 1) Japan and Europe 2) Unemployment.3)
Capital goods - billions of dollars in lost revenue. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To
Meltdown,
predicting the global crisis that occurred the following year. I
now see a similar confluence of events that warns of phase II of the
global crisis… My work shows that “the new recession has started.”… Over the
past 33 years, we have called the start of every recession, often on the exact
month, or within one month, of the official start as determined one year later
by the official arbiter of recession, the National Bureau of Economic Research
(NBER)… However, inflation is far understated for political reasons. Currently,
the GDP deflator is 1.8%, which hardly reflects the true rise in prices.
Therefore, what is counted as “growth,” is actually price increases. Actual
inflation, according to free market economists who calculate inflation as it
was done in 1980 before the politician re-engineered it, is now more than 11%.
Using that to adjust GDP for inflation, would show that the economy is now in a
very sharp contraction…’FLASHBACK HERE: Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher…’
Ezra
Klein: Let’s just call it the Great Contraction (Washington Post) [ At this point you can call it whatever you
want; it matters not. Reason, the frauds on wall street have already gotten the
computerized high-frequency ‘churn-and-earn’ benefit of ultimately taxpayers
funds, whether in the form of bailouts, QE’s, no pros of their huge frauds
accomplis, and other crimes / thefts / frauds / schemes yet unknown, hopefully
to be uncovered. I kind of like the term ‘great contraction’ as opposed to
‘potential double-dip’, ‘weak recovery’, or other obfuscating, disingenuous, or
outright fraudulent terminology, etc., inasmuch as it at least implies an
ongoing economic decline that I believe is more properly classified as a great
depression masked by a self-destructive, insurmountable debt incurrance that
now has gone beyond the ‘point of no return’ and is now a problem so enormous
so as to be unsolvable of itself. Even assuming, arguendo, the dual
recession scenario, I like Burt Dohmen’s (courtesy of Forbes) analysis pointing
to price increases and the use of an artificially low inflation numbers (as
deflators) by the government to account for the ‘weak’ (spurious) recovery
which in real terms was a sharp contraction. { Faisal
Humayun, infra, also points to similar artifice when measuring stock market
gains against hard assets, ie., precious metals, viz., gold which reveals the
market, ie., DOW, has crashed 78% over a 10 year period. } The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! This suckers’ rally is,
along with any up move / strength, a great opportunity to sell / take profits
since there’s much, much worse to come! Italy
unveils plan to calm fears of escalating crisis (Washington Post) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still got problems. Europe’s
debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close
call! There you go. Nothing to worry about now that wobama’s got a boehner … so
not to be so hard on them; if pelosi says it, it must be true … Not!
…Pervasively corrupt, defacto bankrupt america, they, she look pretty greecey
to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’, we all
know ‘wobama the b’ (for b***s***) is total b***s*** which means like Greecey
PIIGS they’ll be back to the trough for more … slop … py. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for
unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion,
PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while
other estimates exceed $100 trillion (these amounts are insurmountable) …’ Famed economist predicts economic calamity in 2012. See the
evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing
to political desperation! Why
You Shouldn't Buy Into This Plunge Forbes/O'Neil‘The market is
building momentum to the downside’. Wall Street
closes worst week since '08 with wild day
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.] While
Washington Fiddled The Economy Burned at Forbes [ Oh come on! Let’s
get real here! The economy was already burning (see infra), Washington
notwithstanding! ICheck out this
inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
Here’s a picture of obama
voters / backers: http://www.albertpeia.com/wobamavoters.gif
National / World
Activists Occupy High Street Banks in UK Guardian
| Protest designed to draw attention to the banks’ role in creating the
deficit.
Anarchy in Brixton: Riots and Violence Break Out in the
UK Patrick Henningsen | Residents described a
number of shops and businesses looted and set alight by mobs of local youths.
Sources: Seal Team 6 Was Murdered TheAlexJonesChannel
| The SEALs team has reportedly been extremely angry about the fabricated OBL
raid and ready to talk.
Riots Continue for Third Day in UK Infowars.com
| Latest target is the London Borough of Hackney.
Greenspan: Counterfeit Fiat Dollars to Avoid Default Kurt
Nimmo | Federal Reserve specializes in death spirals and destruction
of economies.
Bankers Launch Next Leg Of Planned Economic Collapse Paul
Joseph Watson & Alex Jones | Obama campaign blames the very people who
sounded the alarm bell on the economy for the debt downgrade.
Economists, Experts: US Is Bankrupt, Second Severe
Recession Imminent Steve Watson | “Fiscal rot set in years ago”,
Congress and White House are doing nothing to prevent financial armageddon.
Super Congress A Gift to K Street Ron
Paul | No benefit can come from such careless disregard of the
Founders’ design.
Former First Lady Jackie Fingers Johnson and Texan
Tycoons in JFK Assassination Kurt Nimmo | Caroline
Kennedy ordered release of tapes ahead of schedule.
Dow Skids 600, Worst Day Since Credit Crisis CNBC
| The Dow Jones Industrial Average plunged 634.76 points.
Bankers Launch Next Leg Of Planned Economic Collapse Paul
Joseph Watson & Alex Jones | Obama campaign blames the very people who
sounded the alarm bell on the economy for the debt downgrade.
Economists, Experts: US Is Bankrupt, Second Severe
Recession Imminent Steve Watson | “Fiscal rot set in years ago”,
Congress and White House are doing nothing to prevent financial armageddon.
Moody’s says U.S. needs to find more deficit cuts Reuters
| Ratings agency Moody’s repeated a warning on Monday it could downgrade the
United States before 2013.
Washington Wakes To The Downgrade — And Does Nothing Business
Insider | Elected officials — including the one occupying the White House— are
nowhere to be found.
Super Congress: Easy Prey for the Military-Industrial
Complex Ron Paul | The Super Congress created by the recent debt
ceiling increase deal is a typical example of something nefarious attached to a
bigger bill.
Pakistan TV Report Contradicts US Claim of Bin Laden’s
Death Paul Craig Roberts | OBL’s death will remain one of those many
“truths” that rest on nothing but the government’s word.
Pollster: Americans Are “Pre-Revolutionary” Paul
Joseph Watson | Just 17 per cent believe U.S. government has consent
of the governed.
Sources: Seal Team 6 Was Murdered The Alex
Jones Channel | The SEALs team has reportedly been extremely angry about the fabricated
OBL raid and ready to talk.
The Federal Government Declares War on the Nation Sartre
| The beltway bottom feeders know just how to scare their pudden-head
constituents.
Pakistan TV Report Contradicts US Claim of Bin Laden’s
Death Paul Craig Roberts | OBL’s death will remain
one of those many “truths” that rest on nothing but the government’s word.
Aspartame Is Getting Pulled In Many Cafes TheAlexJonesChannel
| Visiting a local restaurant, I noticed that the available sweeteners do not
have aspartame.
Quartzsite Police Chief Calls Oath Keepers and Tea Party
“Terrorists” and Reports them to the FBI Stewart Rhodes
| According to two confirmed eye witnesses, Quartzite Chief of Police Jeff
Gilbert referred to the Oath Keepers and other groups as “terrorists” during a
public meeting.
Seal Team 6 Crash Was An Inside Job Alex
Jones | Were Obama and the globalists tying up loose ends?
Old Tattered Republic: Why Do Some Believe Known Liars? TheAlexJonesChannel
| Why do we buy ANY of the lies?
Infowars Ireland Predicted SEAL Team 6 Demise Tony
Cartalucci | Strange Coincidence Surrounding a Known Conspiracy.
FLASHBACK:
Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) [ As indicated
on this albertpeia.com website, I didn’t buy the administration’s desperate and
politically opportunist Osama event and still don’t buy it; and further, I
believe this! ]Veterans Today | TRANSCRIPT of critical
interview with Pakistani eyewitness to Bin Laden raid. Is this the key to SEAL
Team 6′s demise?
“Bin
Laden” Heroes Probably Murderered to Keep Them Quiet Gordon Duff
Veterans
Today August 7, 2011 | Some Possibly Killed in Abbottabad Helicopter Crash
Months Before. [ As indicated on this albertpeia.com website, I didn’t buy the
administration’s desperate and politically opportunist Osama event and still
don’t buy it; and further, I believe this! ] Today 31 NATO troops, 20 of them
Navy Seals from the Osama bin Laden operation died in what is reported as a
helicopter crash in Afghanistan.
‘The chance of
this story being true is almost nil. The chances of this being a staged coverup
is over 80%. We believe these people were murdered to silence them. This is
why.
We have solid
information on two areas:
1. Osama bin
Laden died in 2001 as an active CIA employee and his body was recovered in
Afghanistan and taken to “the sand box.” We were told it was frozen. We have so
much verification from this, CIA, ISI, US military and top officials. I have a
direct confirmation from Bin Laden’s CIA handler who I grilled mercilessly on
this.
2. The
Abbottabad operation involved numerous American deaths, witnessed, bodies all
over, a helicopter crash. (suppressed translated TV interview below) These
bodies were recovered by land vehicle from Islamabad and there was NO
“successful” bin Laden operation of any kind. There was and has been a CIA safe
house in Abbotabad where terror suspects were stored for years.
This gave the US several areas of severe
vulnerability. Generally, Navy Seals are the best people in the world at
keeping their mouths shut, these are real team players, as the term “Seal Team”
belies.
We at VT were
informed that the bin Laden operation was staged at this time, a theatrical
farce, to cover the exit of Secretary Gates, the move by former CIA Director
Leon Panetta into the DOD as Secretary of Defense and to stem any heroic claims
by new CIA Director Petraeus of killing the long dead Osama bin Laden, the long
frozen CIA operative.
Petraeus is a possible presidential contender and had
to be denied this “gift from heaven,” a fast track to the oval office for sure.
Again, I
remind you, I went over specific meetings on bin Laden with his handlers,
getting every last detail. I have watched what has gone on, the continuing need
to vilify a long dead top CIA operative to provide residual cover for the Bush
administration….
The reason?
Bush and his cronies are all facing charges of war crimes, not just in minor
jurisdictions but heading for the ICC, putting them on the dock with Gaddafi (
a far less harmful character).
As for the
timing of this incident? This we will work on. What we can easily surmise is
that some of the dead have been dead since their bodies were taken away from
the helicopter crash site in Abbotabad.
Who would
order such a thing? We are going to have to wait but we are going to find out.
However, we expected this, the timing is exactly as predicted. Read
full article ‘
G7 Preparing Statement To Support Dollar, EU, In Fact
Everything That Would Otherwise Collapse Tomorrow, Before Asia Open Zero
Hedge | Japan may intervene in currency market if dollar falls.
Deaths of SEAL Team 6 Exposed Aaron Dykes & Alex Jones
| We predicted shortly after the raid on bin Laden’s compound that SEALs would
soon be reported dead in a helicopter crash or staged incident following
multiple reports from military sources.
SEAL Unit Supposedly Responsible for Osama Hit Killed in
Copter Crash Kurt Nimmo | Is it possible the Pentagon took out the
helicopter to send a message to the SEALs, just in case some of them decide
(like Pat Tillman did) to tell the truth?
Questions raised by the SEAL Team 6 deaths in Afghanistan
Madison Ruppert | It took minutes before the Internet was ablaze
with chatter about the deaths of these American commandos.
Economy Debased by Lies, Fraud, and Bogus Statistics Bob
Chapman | The entire concept of keeping the economy functioning is based upon
US dollar debasement.
10 of Today’s Hottest Jobs: Proof That America Is Doomed cryptogon.com
| The largest number of jobs involve dealing with the failing health of old
people.
China Calls For International Oversight Of The US Dollar,
Suggests Single Global Currency Replace It Alexander Higgins | China
has published an article in its stated owned Xinhua news agency that rails
against the United States for losing its AAA credit rating.
Standard & Poor’s downgrades U.S. debt rating Raw
Story | The rating agency has gone ahead with the change, lowering the U.S.
from AAA to AA+.
As promised, S&P downgrades United States AAA credit
rating Madison Ruppert | This downgrade will increase borrowing
costs for the Treasury, meaning it will be even harder for our weak economy to
work off the black hole of debt.
Flashback – Geithner: No Risk U.S. Will Ever Lose AAA
Credit Rating Daily Bail | Tim Geithner Making Predictions – U.S.
Will Never Lose It’s AAA Credit Rating!
Hedge
Fund Manager Kyle Bass: “EU Bailout Will Cost France And Maybe Even Germany
Their AAA Ratings” Daily Bail | The European Central
Bank’s bailout of Italian and Spanish debt will impact AAA ratings.
Post-Fukushima,
Toyota now No.3 in global vehicle sales InAutoNews |
Production disruptions caused by the March earthquake and tsunami push back
global sales.
German
Government Thinks Italy Too Big For Euro Rescue Fund Dow Jones
| Germany’s government thinks Italy is too big for Europe’s rescue fund to
save.
Is
Obama’s fate written in numbers? Recent economic data amounts to a
formidable headwind for any incumbent president hoping for a second term. And
Democrats worry time is running out. (Washington Post) [ Let’s just say the
fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s
done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the
truth is he really screwed you’ … well you know that familiar theme and can ad
lib, insert your own words!
It’s
still Obama’s party Why he won’t face a primary challenge: Republicans and
racial politics. (Washington Post) [
It’s true … so right you are! Al Gore’s even pitchin’ in by donating the
talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a
song in wobama’s honor (kidding) which goes something like this , ‘It’s his
party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you
would cry too, if obama happened to you
… Well, there you go … if the song says
it it must be true. Yeah! And those dern republicans and their racial politics
… UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore
cases that involve black defendants and white victims' – Time to get whitey, at
last, at last, etc., say holder / wobama who go on to say ‘and they ain’t
talking about Whitey Bulger, the mobster, either!’
SHARE
YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
ATF Chief Melson:Justice
Department trying to shield officials (LATimes) Serrano
I believe him!
I truly empathize with the
ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize
some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual
citizenship with Italy), and some familiar crimes (ie., drug money laundering,
etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the
following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert
Williams, Todd McKeahan & Conway LeBleu: Died February
28, 1993 by gunfire at Waco. All four were examined by a pathologist and died
from identical wounds to the left temple. All four had been body guards for
Bill Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims Act probably would apply and I
would absent resolution seek to refer the within to a firm with expertise in
that area of the law with which I am not familiar).
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated
assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew
Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
- A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los Angeles,
etc..
- Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page
1 Page
2 ]
- Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part
- crossexamofcoanbypeia.pdf ]
- Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
- Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In
addition to being 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. As much as I hate the mob,
it truly was funny, if not so tragic.], Alito is also
corrupt (and maybe corrupt because he is inept). After a reasonable (but
still rather short) time I called to determine the status and was told
that Alito was no longer with the Office of the U.S. Attorney, that he was
(appointed) a federal judge, and that neither the documents nor any file
or record of same could be located. Alito did parley the same / cover-up into
quid pro quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved
problems with the line, computer connection may be the reason but I hesitate to
chance greater non-performance / worsening by their ‘fix’ so cell phone best
for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama
has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP |
Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Sincerely
and Regards,
Al
Peia
S&P
downgrades US credit rating from AAA The United States has lost its sterling credit rating
from Standard & Poor's.
U.S.
triple-A debt rating cut by Standard & Poor’s Aug 5, 2011 The United States late Friday lost its triple-A debt rating from Standard
& Poor’s for the first tie ...
Text of S&P downgrade of
U.S. rating 06 Aug 2011 The following is the
text of Standard & Poor’s downgrade of the United States. ...
S&P
Shocks the U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall
St. Cheat Sheet August 5, 2011,
‘Standard
& Poor’s is out with an official
downgrade of the U.S. credit rating:
• We have
lowered our long-term sovereign credit rating on the United States of America
to ‘AA+’ from ‘AAA’ and affirmed the ‘A-1+’ short-term rating.
• We have also
removed both the short- and long-term ratings from CreditWatch negative.
• The
downgrade reflects our opinion that the fiscal consolidation plan that Congress
and the Administration recently agreed to falls short of what, in our view,
would be necessary to stabilize the government’s medium-term debt dynamics.
• More
broadly, the downgrade reflects our view that the effectiveness, stability, and
predictability of American policymaking and political institutions have
weakened at a time of ongoing fiscal and economic challenges to a degree more
than we envisioned when we assigned a negative outlook to the rating on April
18, 2011.
• Since then,
we have changed our view of the difficulties in bridging the gulf between the
political parties over fiscal policy, which makes us pessimistic about the
capacity of Congress and the Administration to be able to leverage their
agreement this week into a broader fiscal consolidation plan that stabilizes
the government’s debt dynamics any time soon.
• The outlook
on the long-term rating is negative. We could lower the long-term rating to
‘AA’ within the next two years if we see that less reduction in spending than
agreed to, higher interest rates, or new fiscal pressures during the period
result in a higher general government debt trajectory than we currently assume
in our base case.
Investing
Insights: Is
the Debt Ceiling Raise Bullish for Gold?’
S&P
on U.S. downgrade: Debt pact 'falls short' - Reuters
Gene
Sperling Talks Jobs: Good, But Not Good Enough - Stacy Curtin
Down 10% in 10
Days - How Much Worse Can it Get? ETFguide
What
Recovery? Forbes
‘…we can’t call this a recovery. There’s no reason to celebrate when a
job report was better than expected. Why? Because the expectation was abysmal
to begin with. And while we’re at it, we can’t ignore increasing sovereign debt
problems in Europe…’
Raising
The Debt Ceiling May Throw A Wrench Into The Presidential Cycle For Stocks Forbes
Top
3 Reasons Markets Didn’t Know What To Do Wall St. Cheat Sheet ‘Markets
closed mixed on Wall Street today: Dow +0.53 , S&P -0.07% , Nasdaq -0.94% ,
Oil +0.51% , Gold +0.22% .
On the
commodities front, Oil climbed to $87.07. Precious metals were mixed, with Gold
climbing to $1,662.70 an ounce and Silver down 2.83% to $38.32 an ounce.
Don’t Miss: How
Does Yesterday’s Stock Market Crash Compare to the Worst Crashes in History?
Today’s
markets were mixed because:
1) Jobs
report. This morning’s Labor
Department report showed the U.S. economy adding 117,000 jobs in July, well
above projections of 75,000 and enough to push down the unemployment rate from
9.2% to 9.1%. The report follows yesterday’s news that initial unemployment
claims in the last week of July fell to 400,000, continuing a downward trend.
However, the news proved unable to prop up the markets, which quickly began to
sell-off.
2 ) Italy. The
euro gained on news that Italy will speed up its fiscal reform consolidation
program, which will include a balanced budget rule, and the Dow followed,
rising as high as 1.01% in a mid-day rally. Furthermore, the European Central
Bank agreed to buy Italian debt if the country’s government could expedite the
institution of its reform program, and reports have the ECB potentially buying
Spanish bonds as well. The news takes a lot of pressure off the two largest
at-risk economies in the euro zone.
3)
Uncertainty. It certainly has been a volatile day of trading, with markets
starting high, falling quickly, then reversing a few more times to end the day
relatively flat. With big earners like Kraft and Procter & Gamble propping
up the Dow while financials like Bank of America and JPMorgan pulled back, the
markets continually flip-flopped faster than you can say ‘recession’. It was as
if investors were uncertain as to how to interpret the day’s economic news, or
maybe it was just that they began focusing on the individual merits of
different stocks rather than the broader economic data that so often turns out
to be misleading.
BONUS: Here’s What a Jobless Recovery Looks Like ‘
S&P
Says Uncle Sam Is No Longer Bulletproof Forbes
Train
Reading: New Scary Timeat The Wall Street Journal Mark Gongloff ‘Stress indicators don’t signal
2008 repeat, but the risks of one remain — Heard on the Street
Bottoms rarely look like Thursday’s rout — Mark Hulbert
Be afraid — Bethany McLean
A contagion of bad ideas — Joseph Stiglitz
That was the inflation scare that was — Paul Krugman
Labor Department thinks it may have spotted job in
strip mall in Iowa — The Onion
Bad money thing make new scary time — The Daily Mash
Stock
market plunge: Not just a rich guy problem
Austerity
Collides With Demands for Job Growth Bloomberg | Bernanke
says cuts in spending and jobs by state and local governments are among the
impediments to economic growth.
Gold is the True
Reserve Currency Euro Pacific | A perverse, but deeply
entrenched, mindset surrounds the reliance upon the U.S. Dollar as the global
reserve.
Obama
Blames Arab Springs And Tsunami In Japan For Slower Growth Real
Clear Politics | Cites earthquake and tsunami in Japan as reasons that
halted economic growth in the United States and worldwide. [ If it was only
that, there’d be hope! He, his crew, the fed, the unprosecuted frauds on wall
street, etc., should be looking in the mirror as they cite reasons for economic
/ financial crisis / debacle! How does anyone believe anything ‘wobama the b’
(for b***s***) says? ]
Just
58% of work-age Americans have jobs, lowest since July 1983 Bloomberg
| The share of the eligible population holding a job declined to 58.1 percent,
the lowest since July 1983.
Global
Markets Tumble Amid Economic Fears Sky News | Markets around the world have
fallen further as London’s leading shares index suffered more heavy losses this
morning.
Gold is the True
Reserve Currency Euro Pacific | The reliance upon the U.S. dollar as the
world’s reserve currency and “safe haven” asset has created a perverse, but
deeply entrenched, mindset among global investors.
Marc
Faber: “Next Week We Will See If Bernanke Is A True Money Printer Or Just An
Amateur” Zero Hedge | “The whole world is mad” – so says Marc Faber.
Markets
plummet on global economic fears Fears that the global economy could be
slipping back toward recession sent markets plummeting, with worldwide economic
and financial problems fueling a vicious cycle that risks spiraling beyond
control of governments. (Washington Post) [ Global economic fears? How ‘bout
global economic realities! Could be slipping back toward recession? How ‘bout
we’re already in a recession (actually a depression) exacerbated by the
taxpayer fund obfuscation that has benefited the frauds on wall street only. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! This is, along with any up
move / strength, a great opportunity to sell / take profits since there’s much,
much worse to come! Famed economist predicts economic calamity in 2012. See the
evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing
to political desperation! Why
You Shouldn't Buy Into This Plunge at Forbes William Scott O'Neil ‘The
market is building momentum to the downside’. (from Wall St. Cheat Sheet, see article infra) ‘Top
3 Reasons Markets Erased the Year’s Gains Wall St. Cheat Sheet 1) Japan and Europe . Japan
and Switzerland made moves to tame their skyrocketing currencies 2)
Unemployment. Initial
jobless claims last week fell slightly to 400,000, but have been unable to
break lower in 17 consecutive weeks 3) Capital goods. With the Pentagon
facing huge budget cuts in 2012, the part of the capital goods sector
catering to high profile defense contracts could be looking at billions of
dollars in lost revenue. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To
Meltdown,
predicting the global crisis that occurred the following year. I
now see a similar confluence of events that warns of phase II of the
global crisis… My work shows that “the new recession has started.”… Over the
past 33 years, we have called the start of every recession, often on the exact
month, or within one month, of the official start as determined one year later
by the official arbiter of recession, the National Bureau of Economic Research
(NBER)… However, inflation is far understated for political reasons. Currently,
the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction…’FLASHBACK HERE: Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher.
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator infra – and
that’s just the government (inflation) numbers … reality is much worse!}
Meanwhile, the frauds on wall street are churnin’ and earnin’ like never before
at lightning computerized speeds enabling the high-frequency trades that are
commissioned in unprecedented large volumes; a big net negative in real
economic terms.] While
Washington Fiddled The Economy Burned at Forbes [ Oh come on! Let’s
get real here! The economy was already burning (see infra)
Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
Here’s a picture of obama
voters / backers: http://www.albertpeia.com/wobamavoters.gif
It’s
time to brace for the pain Steven Pearlstein (Washington Post) [ Oooooh!
Sounds like a plan! At least a viable plan, at this point. See … it’s never too
late for one, as Mr. Pearlstein, to become a boyscout! ‘Be prepared!’ Yes, pain
there will be; and plenty of it. Even tiny tim has warned us of same: IT'S GOING TO HURT 'FOR LONG
TIME TO COME' { Says tiny tim geithner … thanks for the heads up
tiny tim ‘God bless us everyone’! … As if we didn’t already know it / feel it,
thanks in part to his, wobama’s, et als’ policies! } ‘Virtuous
cycle …’; well, I wouldn’t have put it quite that way, but I know what he
meant. But sticking with virtue, it does, as is oft the subject on which Mr.
Pearlstein writes, come down to leadership. The last real american leader /
president was the underrated but great President General Eisenhower who warned
of the current debacle called america in the sense of admonishing of the danger
inherent to the now entrenched ‘military industrio-inferiority complex’.
Indeed, though making cogs in the war machine very wealthy, the nation has
grown substantially poorer while frittering away resources in the perma wars
engendered thereby. The difference is that with the likes of an Eisenhower,
you’d never have to guess whose side he was on. Honor is something that he knew
and understood which would preclude betrayal of his oath and office. More
recently, Ross Perot, who also understood the meaning of the word ‘honor’ was
laughed at for accurately predicting the NAFTA, etc., debacle as jobs have
gone, never to return, despite rhetoric to the contrary. That bell cannot be
‘unrung’, as is true of any betrayal and the consequences thereof. We’re not
talking about perfection in this far less than perfect world; but rather, what
is optimal. The outlook is realistically worse than dismal. The following
includes some protective strategies: Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 .
It’s
still Obama’s party Why he won’t face a primary challenge: Republicans and
racial politics. (Washington Post) [
It’s true … so right you are! Al Gore’s even pitchin’ in by donating the
talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a
song in wobama’s honor (kidding) which goes something like this , ‘It’s his
party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you
would cry too, if obama happened to you
… Well, there you go … if the song says
it it must be true. Yeah! And those dern republicans and their racial politics
… UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore
cases that involve black defendants and white victims' – Time to get whitey, at
last, at last, etc., say holder / wobama who go on to say ‘and they ain’t
talking about Whitey Bulger, the mobster, either!’
SHARE
YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
ATF Chief Melson:Justice
Department trying to shield officials (LATimes) Serrano
I believe him!
I truly empathize with the
ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize
some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual
citizenship with Italy), and some familiar crimes (ie., drug money laundering,
etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the
following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert
Williams, Todd McKeahan & Conway LeBleu: Died February
28, 1993 by gunfire at Waco. All four were examined by a pathologist and died
from identical wounds to the left temple. All four had been body guards for
Bill Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims Act probably would apply and I
would absent resolution seek to refer the within to a firm with expertise in
that area of the law with which I am not familiar).
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm
. With regard to the calls to the FBI’s LA and New Haven, CT
offices: There was one call to the LA office and I was referred to the Long
Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I
gave probative evidentiary documents of the money laundering which he confirmed
as indicative of same (he was transferred from said office within approximately
a month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
- A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc..
- Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page
1
Page 2
]
- Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part
- crossexamofcoanbypeia.pdf ]
- Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to
join or file a separate motion to recuse and not long thereafter left said
office for private practice at Cole, Shotz, et als on retainer with the
RICO defendants as his primary client.
- Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In
addition to being 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. As much as I hate the mob,
it truly was funny, if not so tragic.], Alito is also
corrupt (and maybe corrupt because he is inept). After a reasonable (but
still rather short) time I called to determine the status and was told
that Alito was no longer with the Office of the U.S. Attorney, that he was
(appointed) a federal judge, and that neither the documents nor any file
or record of same could be located. Alito did parley the same / cover-up
into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I
hesitate to chance greater non-performance / worsening by their ‘fix’ so cell
phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject
files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama
has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP |
Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Sincerely
and Regards,
Al
Peia
National / World
S&P Rating Agency May Soon Downgrade U.S. Debt From
AAA Kurt Nimmo | If downgraded, investors will
abandon U.S. bonds and head to Germany, France, Great Britain and Canada.
China Says Debt Financing Unlikely ‘to Save’ US, EU AFP
| “To eat May’s grain in April will never be a permanent solution to a
problem.”
TSA Illegally Confiscates Pregnant Woman’s Insulin As
“Explosives Risk” Steve Watson | Keeping America safe from diabetes
sufferers.
Russian Envoy: NATO Is Planning Attacks on Syria, Iran Paul
Joseph Watson | Large scale war to engulf region, warns Rogozin.
Infowars Special Report with Mike Adams: FDA & CDC
Are Perpetuating a Culture of Sickness and Death Prison
Planet | Both the FDA and CDC continue to allege that raw milk is
dangerous and that it leads to disease.
Infowars Special Report with Gerald Celente: US Dollar
Isn’t Worth The Paper It’s Printed On Prison Planet
| Gerald sounded the bell today saying that the US dollar isn’t worth the paper
it is printed on.
Mob of Hundreds of Black Youths Beat White People In
Racial Attack [ Typical n*****s! Good thing there are food stamps;
otherwise they’d be reverting to their inherent proclivity for canabalism. The
other major crimes they do anyway. ] Milwaukee-Wisconsin Journal
Sentinel | “It looked like they were just going after white guys,
white people.”
Food stamp use rises to record 45.8 million CNN
Money | Nearly 15% of the U.S. population relied on food stamps in
May.
Researchers Show Off Wi-Fi Hacking Drone at Black Hat Kurt
Nimmo | Drone will likely be used by a “digital Blackwater” to monitor
and take out domestic computer networks.
Dow Bloodbath Could Herald “Great Depression” Paul
Joseph Watson | NY Times admits: It’s a ‘double dip’ as markets
plunge.
Infowars Special with Mike Adams: FDA & CDC
Perpetuating Culture of Sickness and Death TheAlexJonesChannel
| Mike Adams examines why healthy, raw food has come under the crosshairs.
Alex Jones: US Gov’t Protected Sinaloa Drug “Cartel” TheAlexJonesChannel
| Alex Jones breaks down the truth behind the U.S. Government’s willing
collaboration with large-scale narcotrafficking.
Infowars Special Report with Gerald Celente: Dollar’s Not
Worth Paper It’s Printed on TheAlexJonesChannel |
Alex talks with the trends forecaster on the debt deal and global economy.
TSA Illegally Confiscates Pregnant Woman’s Insulin As
“Explosives Risk” Steve Watson | Keeping America safe from diabetes
sufferers.
Stocks Crumble for a Second Day MarketWatch
| Opening cheer from the better-than-expected report proved short-lived.
Russian Envoy: NATO Is Planning Attacks on Syria, Iran Paul
Joseph Watson | Large scale war to engulf region, warns Rogozin.
Twelve Triggers Driving Mankind Towards World Government Adrian
Salbuchi | Financial-political-environmental crisis triad is being
generated by the Global Power Elite with the overt goal of bringing
“Globalization” to a controlled end.
Panetta
warns against defense cuts Defense
secretary sees dire consequences if the Pentagon has to make cuts beyond $400B
in savings planned. (Washington Post) [ What? Panetta worry? Heck no! AKA ‘the
pinyata’, panetta’s from the second-worst managed state in the nation
(California The Worst Run State in
America? Not California 24/7 Wall Street Study {California’s #2} Oct. 8 2010 ‘Kentucky is worst run state in the nation) and
works for the pervasively corrupt, defact bankrupt american government. Where’s
Alfred E. Newman when you need him? Doesn’t panetta seem out of place anywhere
but new york / new jersey? That ‘displaced italian’ effect; kind of like a
‘fish out of water’. Lobbyists
gear up after debt deal Facing future cuts, the health-care and defense industries
are preparing to put up a fight. (Washington Post) [ That’s right! They’re not
taking this lying down in bed with a bunch of corrupt politicians. Their gambit
… they’re now opting for their own paper dollar printing presses ($100 bills at
that, thank you very much). Well, such is not original in pervasively corrupt,
defacto bankrupt america, and Washington particularly; it’s happening all the
time, even as we speak / write this very moment. After all, say they, when
you’re defacto bankrupt / insolvent, more or less bankrupt/insolvent’s a
distinction without a significant difference. They want their ‘piece of the
heart’ of the american dream … Mapping
the Myths of the U.S. Economy - Stacy Curtin ‘In The Real State of America
Atlas: Mapping the Myths and Truths of the United States, authors Cynthia Enloe and Joni Seager paint a vivid
picture of life in the U.S., using a series of charts, graphics and short
essays that cover almost every aspect of the nation's economy and society as a
whole.
Not only do
they give state-by-state comparisons, they show how the U.S. measures up to the
rest of the world in areas such as health care, housing and defense. But while
analyzing what it's really like to live in the U.S. today, they also uncovered
a few "myths and truths" as the title of the book suggests.
Enloe and
Seager joined The Daily Ticker's Aaron Task to share three of the most
surprising misconceptions they uncovered.
#1 Land
of Homeowners
The dream of
owning a home is actually more the reality in other countries. In the book, the
authors point to the most recent data, which show only 68% of Americans owned
their home in 2002, compared with 92% in Hungry, 84% in Mexico, 72% in the U.K.
and 71% in Australia.
"One of
the things that is a cherished notion about America is we are a nation of
homeowners, and homeownership has long been seen as kind of the bedrock of the
American dream," says Seager. "I think the current economic crisis
and the housing crisis is really shaking that American cherished view of
ourselves as having easy access to homeownership."
This is
evident in another stat laid out in the book, which shows 83% of people agreed
that buying a home was a safe investment in 2003, compared with 70% in 2010. (See:
Why
I Am Never Going to Own a Home Again)
#2 Land
of Opportunity
Just like the
ideal of owning a home, opportunity in this country is now also on the brink.
"Opportunity
in this country means a chance for an education … [and] a chance for a decent
job that allows you to have a decent life," says Enloe, who points to two
key factors that hinder people making it here in America.
- The cost of a college education continues to
rise year after year.
- The unemployment rate remains high at 9.2%, but
it doesn't factor in the millions of "underemployed" workers --
those who are currently working part-time but would like full-time work --
and discouraged workers who have tired of looking for a job and have just
dropped out of the job market.
#3 Land of Givers
While the U.S. does give more money in foreign aid
than any other country in the world, as a percentage of GDP it falls way behind
many other nations.
Whereas Sweden gives almost 1% of its GDP in 2008,
the U.S. gave 0.19%.
"I think it really should shake Americans'
self-perception of two things," says Enloe. "[One] is cutting foreign
aid actually the ticket to balancing the budget, but also how do we shape up
compared to other countries' generosity?" ’
Euro-zone
pinched by slow growth The headline debate is about sovereign debt. But
Europe’s real crisis is why half a continent seems stuck in neutral.
(Washington Post) [ Pinch? Yeah? Sounds like a plan … see if they’re alive and
still breathin’…Yeah, wake ‘em up by all means from their somnambulant trance
that has predisposed them to the destructive, mindless, self-destructive,
self-defeating suggestions of their ‘svengali’, aka pervasively corrupt,
defacto bankrupt, war crimes nation america. Sadly for them, so weak-minded are
they, it took not much by way of prodding to get them to do and go along with
the wrong thing. In
Europe, the debt crisis only intensifies Italy and Spain struggle to
contain escalating panic over whether they can pay their bills. The trouble
comes amid more signs that European economies are rapidly slowing (Washington Post) [ Wow! This is a tough one.
Another mystery for the ages. Time to call in an expert to get to the bottom of
this and explain what’s comin’ down. Sounds like a job for ….. Rosanne Rosanna Dana formerly of SNL fame and as her mama
always used to say, which is also her hypothesis, ‘it’s always somethin’ … but
unfortunately, that somethin’ is not necessarily what they say it is. Then there’s Simon Maierhofer who posits: ‘It seems like the European Union and U.S. government are
stuck in a never ending game of Whac-A-Mole. It seems like more moles are
popping up more quickly, needing more force to be subdued (ironically the moles
come back just as the problems do) 3 Reasons Why This Summer Could Get Ugly Simon Maierhofer, July 29, 2011 …
’ Dem PIIGS still got
problems. Europe’s
debt crisis threatens Italy (Washington Post) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop …
py. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for
unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion,
PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while
other estimates exceed $100 trillion (these amounts are insurmountable) …’ Moody's
puts U.S. ratings on review for downgrade Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.).
The
economy stabilizes into a crisis Ezra Klein The market is diving because of forces Washington can’t control.
(Washington Post) [ Mr. Klein’s mind’s in the right place … but he’s just not
quite there. Indeed, the market is falling. Such inevitably occurs when said
market’s substantially over-priced, over-valued. Indeed, given the high levels
of tax-payer funding by way of bailouts, QE’s, no prosecutions, etc., the computerized, programmed high-frequency
churn-and-earn frauds, much like their ponzi cousins invariably come crashing
down because they’re just not worth what they’ve been fraudulently said to be
worth. The value’s just not there. But, falling because of forces Washington
can’t control? Woe! What’s this? Washington’s now communism central? Truth be
told, there are things that Washington could have done; but, despite their
rhetoric, had neither the courage nor will to do so; viz., prosecutions of
these huge frauds that have continued unabated. So what are these mysterious
forces referenced by Mr. Klein? Basic economic and financial fundamentals which
through proper analysis leads to a proper valuation of any asset, but
particularly given the ubiquity of and predispositon toward fraud in america,
paper assets, ie., stocks, bonds, derivatives, etc.? No. Not all in the
government are without understanding of these ‘forces’; yet, a conscious
decision for ‘going along to get along’ has been made at nearly all levels with
disastrous results which we are seeing. Nothing short of criminal can be said
to be the unsaid reason for the inevitable collapse. The value’s just not
there, beyond the obfuscation, spin, lies, ‘short-end money’, etc.. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! This is, along with any up
move / strength, a great opportunity to sell / take profits since there’s much,
much worse to come! Famed economist predicts economic calamity in 2012. See the
evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing
to political desperation! Why
You Shouldn't Buy Into This Plunge at Forbes William Scott O'Neil ‘The
market is building momentum to the downside’. (from Wall St. Cheat Sheet, see article infra) ‘Top
3 Reasons Markets Erased the Year’s Gains Wall St. Cheat Sheet 1) Japan and Europe . Japan
and Switzerland made moves to tame their skyrocketing currencies 2)
Unemployment. Initial
jobless claims last week fell slightly to 400,000, but have been unable to
break lower in 17 consecutive weeks 3) Capital goods. With the Pentagon
facing huge budget cuts in 2012, the part of the capital goods sector
catering to high profile defense contracts could be looking at billions of
dollars in lost revenue. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To
Meltdown,
predicting the global crisis that occurred the following year. I
now see a similar confluence of events that warns of phase II of the
global crisis… My work shows that “the new recession has started.”… Over the
past 33 years, we have called the start of every recession, often on the exact
month, or within one month, of the official start as determined one year later
by the official arbiter of recession, the National Bureau of Economic Research
(NBER)… However, inflation is far understated for political reasons. Currently,
the GDP deflator is 1.8%, which hardly reflects the true rise in prices.
Therefore, what is counted as “growth,” is actually price increases. Actual
inflation, according to free market economists who calculate inflation as it
was done in 1980 before the politician re-engineered it, is now more than 11%.
Using that to adjust GDP for inflation, would show that the economy is now in a
very sharp contraction…’FLASHBACK HERE: Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart‘
previous‘…1) Job cuts. Markets took a beating this morning after it was
announced that planned job
cuts in the U.S. climbed 59% year-over-year in July, and 60% over June’s
figures... 2 ) ISM service-sector report. Monday’s ISM
manufacturing report contributed to market losses on Monday, but today’s
report, though equally negative, didn’t quite have the same effect as markets
began to level out this afternoon. The ISM
service-sector index declined to 52.7% in July. The U.S. service sector
accounts for three-fourths of all economic activity, and employs four out of
every five U.S. workers , so a 0.5% decline speaks volumes about the state of
economic recovery…’ Factory
orders for June fell by 0.8% (just because they say the bad news isn’t as bad
as expected does not make such bad news ‘rally material’. Indeed, the huge
ralleys based on now revised downward data never seem to retrace that fake data
induced stock surge based thereon. Service
sector growth slowest since 2010 Moody's
sets negative outlook on BNY, JPMorgan S&P
ends string of losses on tech rebound Tech rebound? Is this some kind of a joke? Tech up today? Absolute confirmation of dire
prospects worldwide since american tech is horrendous. Yet, sizzling ‘child’s
play’ is the order of the day and credit still must be given to those [ie.,
Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc for word
processing / data based records / forms / templates / data which I interfaced
with an electric typewriter for letter quality)] who could (as he) identify
such novelties as the biggest over-priced / over-valued sensations since the
hoola hoop (hoopla hoops - which were pretty cheap and with some minor health
benefits to boot).Take this run-up as a gift based on fraudulent wall street
b***s*** alone and take this opportunity to sell / take profits / ‘sell today
if you missed in may and then go away’! Nothing has been solved; maybe
forestalled. Rout spells trouble for Wall Street / Moody's
confirms U.S. rating at Aaa, outlook negative / Chinese rating agency cuts U.S. debt again / Minyanville's T3
Daily Recap: Signed Debt Deal No Cure for Sickly Market / US auto industry
uneasy after weak July sales / Fitch Unimpressed
By Debt Deal, GDP; Markets Unimpressed By Fitch / US debt deal alone won't sustain AAA rating
/ Stocks now down for year as economic concerns grow
– AP The Daily Market Report Aug 1st, 2011 PG ‘Relief? What Relief? http://www.usagold.com/cpmforum …Late
last night when party leaders and the President announced that they had reached
a bipartisan deal that would allow the debt ceiling to be raised, gold dropped
about 1%. Global stocks rallied in relief and briefly, ever so briefly, gold
was out of favor…CBO scores the package as accomplishing $2.1 trillion in
spending cuts over the next 10-years, the CBO baseline also has the deficit
rising $6.7 trillion over the same period. The premise apparently being that
we’re working our way to actual cutting by cutting to slow the pace of the
nation’s proliferate spending. In actuality — and as evidenced below — that CBO
baseline may prove to be way too optimistic. What really lit an intraday fire
under gold today was the big miss on US July ISM, which plunged to 50.9. The
market was expecting a modest downtick to 55.0 from 55.3 in June…’ The Truth About The Debt Deal: It’s Pretty Much Meaningless
Business Insider/ Come on! Who believes
their pre-election year data, reports, b***s***? There’s desperation in the air
and like never before! One commentator, Peter Shiff, to Frank Motek of 1070am
Bus.Report references the sham in Washington; and regardless, points to default
by way of inflation, further stating that the debt ceiling’s already been
breached by borrowing. Moreover, he additionally states that default is
inevitable by way of inflation; that the fed will be buying the evermore
worthless american paper (bonds) and creating/printing evermore worthless
american dollars; that there’s been a quid pro quo with at least one of the 3
(S&P, Moody’s, Fitch) federal licensed rating agencies, viz., of
reaffirming the u.s. AAA rating in return for no prosecution surrounding their
role in the S&P AAA rated worthless (fraudulent, mortgage-backed,
derivative) paper securities (fraud) giving rise to the previous leg of this
continuing, ongoing debacle / crisis. He finally goes on to recommend non-u.s.,
non-dollar denominated assets, precious metals, and alternate currencies. Initial unemployment claims rise
to 418000 - Jul.
21, 2011 which bad news sparked wall street rally … what
total b***s***. No budget deal, celebrated Greek Plan – DEFAULT! … sounds like
a plan!…, backward looking earnings results … riiiiight! Watch Out: 2011 Looks A Lot Like The Market Top In 2007
at Forbes Sean Hanlon / Deficits And Stimulus Only Delay The Inevitable Collapse
Bob Chapman | America
is insolvent and has been so for a long time. US Is in Even Worse Shape Financially Than Greece: Gross When
adding in all of the money owed to cover future liabilities in entitlement
programs the US is actually in worse financial shape than Greece and other debt-laden
European countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA
INCOME STATEMENT:Total federal spending in 2010
amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA
Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7
trillion with a projected deficit of$1.6 trillion. …USA
BALANCE SHEET: Consensus estimates for unfunded
obligations vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill
Gross estimates the unreported debt to be $75 trillion, while other estimates
exceed $100 trillion (these amounts are insurmountable) …’ Huge suckers’ rally to keep
the suckers suckered in this market based upon backward looking data discounted
multiple times to the upside (including the apple numbers as recently as last
week on ‘leaked’ expectations of ‘better than expected’, etc.), taxpayer funded
QE results, and b***s*** alone. This is an especially great opportunity to sell
/ take profits since there’s much, much worse to come! IT'S GOING TO HURT 'FOR LONG TIME TO COME' [
Says tiny tim geithner … thanks for the heads up tiny tim ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P Poised For
Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator infra – and
that’s just the government (inflation) numbers … reality is much worse!}
Meanwhile, the frauds on wall street are churnin’ and earnin’ like never before
at lightning computerized speeds enabling the high-frequency trades that are
commissioned in unprecedented large volumes; a big net negative in real
economic terms.] While
Washington Fiddled The Economy Burned at Forbes [ Oh come on! Let’s
get real here! The economy was already burning (see infra), Washington
notwithstanding! Indeed, the frauds on wall street with those contraindicated paper
stock computer programmed commissioned churn-and-earn rallies would love for
you to think it’s Washington only {that aw shucks, coulda’ been clear sailin’
otherwise moment; but the reality is that things are far more dire financially
and economically than their window-dressed scams would indicate, though
washington’s no help, incompetent, unknowledgeable, and ineffectual as they are
(although fraudulent wall street, aside from their consummate scammin’, is
little better and probably overly relied upon and light in those very areas one
would expect to find profiency; viz., finance and economics.) Most importantly,
realize that if wobama’s actions had not belied his words/campaign promises,
the nation’s position, though still ominous, would have been substantially
improved.} ] Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
Here’s a picture of obama
voters / backers: http://www.albertpeia.com/wobamavoters.gif
Asia
stock analysts see plunge as panic Fri, 05 Aug 2011 Asian equity markets
plunge into deep losses, with some indices tanking more than 4%, but strategiss
...
Minyanville's
T3 Daily Recap: What's Next After Today's Market Debacle?at
Minyanville’…the extent of today's selloff is extremely alarming. The S&P
is down almost 10% over the past 9 days, and we have yet to see tomorrow's jobs
number which is expected to disappoint. Debt crises in Europe are worsening in
larger economies like Italy and Spain, heightening fears of contagion. Many
pundits will say we are simply seeing a reversion to the mean. The market has
been in a steady climb over the past 2+ years, much of the time without the
economic data to support such strength…’
Top
3 Reasons Markets Erased the Year’s Gains Wall St. Cheat Sheet ‘August 4, 2011, 5:27 pm EDT Markets closed down on Wall
Street today: Dow -4.31%, S&P -4.79% , Nasdaq -5.07% , Oil -5.95% , Gold
-0.80% .
On the
commodities front, Oil fell to $86.46. Precious metals also fell, with Gold
down slightly to $1,653.00 an ounce and Silver down 7.18% to $38.76 an ounce.
Don’t
Miss: Mortgage
Rates Crash to Record Lows
Today’s
markets were down because:
1) Japan and
Europe . Both Japan
and Switzerland made moves to tame their skyrocketing currencies, which
devalued the safe-havens against a host of other currencies, including the U.S.
dollar. Then the European Central Bank decided to re-enter the bond market and
started buying up bonds, but not the Spanish and Italian bonds that are at the
center of the current sovereign debt crisis. Investors became acutely aware
today that, while the U.S. sovereign debt crisis is over, it’s still very real
in Europe. Furthermore, many once-thriving economies like Japan are now in the
depths of a recession. Even Chinese markets closed down Thursday.
2 )
Unemployment. Initial
jobless claims last week fell slightly to 400,000, but have been unable to
break lower in 17 consecutive weeks. For the unemployment rate to decrease and
the country to enjoy sustainable job growth, initial jobless claims need to
stay below 400,000 for a significant amount of time. The slowing improvement in
the job market has Americans worried about the state of the economy, and now with
the debt deal, unemployment benefits could be at risk. Americans are still
awaiting Friday’s official jobs report to see how many jobs the economy created
last month, and most accounts have the rate of growth just enough to keep the
unemployment rate steady at 9.2%, but the report could disappoint and push the
unemployment rate still higher.
3) Capital
goods. With the Pentagon
facing huge budget cuts in 2012, the part of the capital goods sector
catering to high profile defense contracts could be looking at billions of
dollars in lost revenue. All of the major aerospace and defense stocks have
been falling off today, including Honeywell , Boeing , Lockheed Martin , and
United Technologies Corp. .
BONUS: Why Did the Dow Crash 500 Points?’
US
Dollar Gains with Gold As Central Banks Intervene in Other Safe Havens -
DailyFX
US
Dollar-Gold Correlations Rise As BoJ, SNB Intervenes - DailyFX
Recession
Almost Certain, Money Manager Says - Henry Blodget
Why
You Shouldn't Buy Into This Plunge at Forbes ‘The market is
building momentum to the downside’ William Scott O'Neil
‘Since the Dow dropped more than 500 points Thursday the next round of
commentary will probably be that today is a “Capitulation” Day. That implies
that the market has bottomed and that now is a good time to buy stocks. In my
opinion, that’s completely wrong. The market is building momentum to the
downside. It’s pretty hard to stop a train going 100 miles per hour.The market
may have a reactionary bounce from here; after all, look at all those “great
values.” But will it be meaningful and lasting? How often have investors
started initiating positions and been burned just a few days later?A number of
factors still have me doubtful that we will get a significant uptrend soon.
This cycle started back in March of 2009, so we are late in the cycle. About 60
percent of the leaders since the beginning of the cycle are broken. The last
dozen of the very best are pulling back into their 50 day moving
averages…again.In fact, this reminds me of the kinds of stock chart patterns we
were seeing in the first failed rally attempt during the summer last year. You
usually don’t begin a real rally without at least decent looking patterns from
numerous market leaders, not defensive stocks. Earnings and sponsorship look
good, but those are lagging indicators that tend to look best at the top.Look
at the last two earnings seasons and how weak the market reaction was to such
strong numbers.Finally, I still believe it will be tough to gain traction
without resolving the numerous domestic and international issues lingering over
the market (“Is
the Bull Market Topping?”). The odds are that the inevitable reactionary
bounce is a short reprieve on the way further down.If the capitulation results
in a new and meaningful uptrend (and that is a big “if”), we will see that in
the charts. Sitting on the sidelines does not mean we will tune out and miss
the next rally. That’s why we are always on the lookout for new rallies to
begin, and we wait for confirmation on or after the fourth day of the start of
a new rally. We are looking for the rally to prove itself. The idea is to give
up the first few points as a confirmation of strength that the rally is real.If
you are trying to pick a bottom here, take a look at past cycles and see how
successful you’ve been at that game. A few may make it work but ask yourself,
what you are trying to gain? A few points here and there? Or are you trying to
build a portfolio of the best stocks that will result in a substantial year?’
Everything
You Need to Know About Today's Massive Market Plunge at Minyanville
Bearish
Expectations Haven't Been This Bad Since May 2010 at Forbes
Financial
Whac-A-Mole - Can the Mallet Bring Relief?ETFguide
Random
Thoughts: Will the Market Retest the 2009 Lows? at Minyanville
‘It's not
your fault, Will Hunting; it really is that tough out there.So says a trading
pal whose been doing this for a long time. "I'm hearing that a few big
funds are blowing up," he said, "which might be responsible for the
end-of-day action of late." I wouldn't be surprised; when
margins call and redemptions sing, they tend to do so for a lot longer than
most folks expect. I said to him, as
I wrote yesterday, that A) there is an upside "window" for a
trade if S&P 1250 can remain underfoot (as it stands, all bets are off) and
B) I conceivably foresee a retest of the March 2009 lows, although that may not
happen (if it happens at all) until 2013. Therein lies "the path we take
vs. the destination we arrive at" we often speak of. There are a multitude
of ever-changing variables in play. That isn't a hedge, it's what is. That’s
why I employ a stair-step approach to risk management. Everybody trips, the
goal is not to fall. While that
long-term scenario may or may not evolve, I'll say this so it's officially said
-- if we get "there," I plan to close my eyes and buy everything in
sight (in both my long- and short-term buckets). While you may be thinking,
"Way to put it out there, sport; I'd buy everything too if it were trading
at 50 cents on the dollar," I'll say with a high degree of certainty that
it won't feel like an opportunity -- it
will feel like the end of the world. I don't enjoy being bearish on
the big picture. I feel like that annoying guy at the craps table who bets on
the "no pass" line (yes, that's bad momo). And no, I don't talk about
this much as folks will think I've fallen out of my tree (deja
vu all over again!). With that said, all a man has is his name and his
word, and I would be remiss if I wasn't forthright (which is a different
conversation than being right).’
Dow
average plunges 513, worst drop since 2008 Aug 4th, 2011 14:26 by News
August 04 (CBSMoneyWatch) — ‘The stock market is finishing its worst day since
the financial crisis.The Dow Jones industrial average plunged more than
500 points Thursday. Investors are concerned that the U.S. economy
will enter another recession and that Europe’s debt problems are not closed to
being solved.Major stock indexes fell more than 4 percent.’
A titanic fiscal mistake
Ted Nugent | When the captain of the Titanic was warned
repeatedly of icebergs ahead, he nonetheless made the decision not to slow down
or stop the ship for the night.
Markets Retreat
After U.S. Labor Data Reuters | Wall Street opened lower
Thursday, indicating a resumption of its downturn after a labor market report.
Industrial
groups ring alarm bells on economy FT.com | Risks to the
global economy are increasing, growth is slowing and that customers are growing
more cautious.
Spot Gold
Soars To All Time High Of $1678.5 Zero Hedge | Nothing
like a perfectly calm, stable and non-imploding global Keynesian Ponzi to set
investors minds at ease.
The
Fed Is About To Get The Green Light For QE3 Business Insider | Yesterday
the buzz about QE3 began in earnest.
Do
Gold Prices Rise Whenever the Debt Ceiling is Raised? Washington’s Blog |
There is … an uncanny correlation between the gold price and the US debt
ceiling.
US borrowing
tops 100% of GDP: Treasury AFP | US debt shot up $238 billion to reach 100
percent of gross domestic project.
U.S.
markets end wild ride with slight gains (Washington Post) Washington
unemployment rate rises WP [ Except for law enforcement and The Washington
Post, it’s difficult to see how that could be anything but a positive thing! If
only they could start with congress and work their way through all the branches
of america’s corrupt, venal, incompetent government. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed! Suckers’ rally into the close on negative news.
This is, along with any up move / strength, a great
opportunity to sell / take profits since there’s much, much worse to come! (from
Wall St. Cheat Sheet, see article infra) ‘…1) Job cuts. Markets took a beating
this morning after it was announced that planned job
cuts in the U.S. climbed 59% year-over-year in July, and 60% over June’s
figures... 2 ) ISM service-sector report. Monday’s ISM
manufacturing report contributed to market losses on Monday, but today’s
report, though equally negative, didn’t quite have the same effect as markets
began to level out this afternoon. The ISM
service-sector index declined to 52.7% in July. The U.S. service sector
accounts for three-fourths of all economic activity, and employs four out of
every five U.S. workers , so a 0.5% decline speaks volumes about the state of
economic recovery…’ Factory orders for June fell
by 0.8% (just because they say the bad news isn’t as bad as expected does not
make such bad news ‘rally material’. Indeed, the huge ralleys based on now
revised downward data never seem to retrace that fake data induced stock surge
based thereon. Service sector growth slowest since 2010 Moody's sets negative outlook on BNY, JPMorgan Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax
http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 S&P ends string of losses on tech rebound Tech rebound? Is this some kind of a joke? Tech
up today? Absolute confirmation of dire prospects worldwide since american tech
is horrendous. Yet, sizzling ‘child’s play’ is the order of the day and credit
still must be given to those [ie., Steve Jobs-I’m truly glad he saved Apple, my
first computer (apple IIc for word processing / data based records / forms / templates
/ data which I interfaced with an electric typewriter for letter quality)] who
could (as he) identify such novelties as the biggest over-priced / over-valued
sensations since the hoola hoop (hoopla hoops - which were pretty cheap and
with some minor health benefits to boot).Take this run-up as a gift based on
fraudulent wall street b***s*** alone and take this opportunity to sell / take
profits / ‘sell today if you missed in may and then go away’! Nothing has been
solved; maybe forestalled.
National / World
Government to Monitor Social Networks For “Extremist
Propaganda” Paul Joseph Watson | New White House
plan follows Pentagon advisory targeting protests against Federal Reserve.
Americans Overwhelmingly Opposed To Spiraling Debt Black
Hole Steve Watson | New polls show majority against raising debt
limit, believe economy is worse off.
Former CIA Official Predicts Cyber 9/11 Kurt
Nimmo | Cofer Black predicted the attacks of September 11, 2011.
Dow Sinks 500, Worst Day Since Dec. 2008 CNBC
| Stocks plunged sharply Thursday, with the Dow down more than 500 points.
Gunman Reported at Virginia Tech CNN
| Virginia Tech is in lockdown as authorities look for a man three youths said
may have had a weapon.
Tarpley on Syria: Beware of fraud and fabrications! Russia
Today | The West wants a Syrian regime change to cement its influence
in the Arab world.
Is the new “Super Congress” Constitutional? New
American | A number of constitutionalists have warned that the new “Super
Congress” — technically a joint committee of Congress — may be
unconstitutional.
‘Gold Cartel’ Losing, Price to Top $3,000: Association CNBC.com
| The price of gold could almost double as central banks’ reserves are
depleted.
Mike Adams Covers Outrageous Raid on Raw Foods TheAlexJonesChannel
| Mike Adams discusses the criminalization of healthy foods with RT.
Media Matters: Jones Covering Gun Confiscation Will Get
Cops Killed Kurt Nimmo | Soros funded disinfo
operation, Media Matters, has recycled propaganda in an effort to attack and
discredit Alex Jones.
Americans Overwhelmingly Opposed To Spiraling Debt Black
Hole Steve Watson | New polls show majority against raising debt
limit, believe economy is worse off.
Former CIA Official Predicts Cyber 9/11 Kurt
Nimmo | Cofer Black predicted the attacks of September 11, 2011.
The
Committee of 13 Kurt Nimmo | The so-called debt
ceiling crisis has nothing to do with the government running out of money.
“Solution” to The Debt Crisis: More Debt Bob
Chapman | Everyone involved knows the system is dysfunctional and all
are hoping the system does not disconnect.
Ron Paul: ‘Super Congress’ a “Monstrous Creature” Paul
Joseph Watson | Congressman warns new committee will be used to
advance Obama’s regulatory agenda.
In
Europe, the debt crisis only intensifies Italy and Spain struggle to
contain escalating panic over whether they can pay their bills. The trouble
comes amid more signs that European economies are rapidly slowing (Washington Post) [ Wow! This is a tough
one. Another mystery for the ages. Time to call in an expert to get to the
bottom of this and explain what’s comin’ down. Sounds like a job for ….. Rosanne Rosanna Dana formerly of SNL fame and as her mama
always used to say, which is also her hypothesis, ‘it’s always somethin’ … but
unfortunately, that somethin’ is not necessarily what they say it is. Then there’s Simon Maierhofer who posits: ‘It seems like the European Union and U.S. government are
stuck in a never ending game of Whac-A-Mole. It seems like more moles are
popping up more quickly, needing more force to be subdued (ironically the moles
come back just as the problems do) 3 Reasons Why This Summer Could Get
Ugly Simon Maierhofer, July 29, 2011 … ’ Dem PIIGS still got
problems. Europe’s
debt crisis threatens Italy (Washington Post) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop …
py. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for
unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion,
PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while
other estimates exceed $100 trillion (these amounts are insurmountable) …’ Moody's
puts U.S. ratings on review for downgrade Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.).
Lobbyists
gear up after debt deal Facing future cuts, the health-care and defense
industries are preparing to put up a fight. (Washington Post) [ That’s right!
They’re not taking this lying down in bed with a bunch of corrupt politicians.
Their gambit … they’re now opting for their own paper dollar printing presses
($100 bills at that, thank you very much). Well, such is not original in
pervasively corrupt, defacto bankrupt america, and Washington particularly;
it’s happening all the time, even as we speak / write this very moment. After all,
say they, when you’re defacto bankrupt / insolvent, more or less
bankrupt/insolvent’s a distinction without a significant difference. They want
their ‘piece of the heart’ of the american dream … Mapping
the Myths of the U.S. Economy - Stacy Curtin ‘In The
Real State of America Atlas: Mapping the Myths and Truths of the United States,
authors Cynthia Enloe and Joni Seager paint a vivid picture of life in the
U.S., using a series of charts, graphics and short essays that cover almost
every aspect of the nation's economy and society as a whole.
Not only do
they give state-by-state comparisons, they show how the U.S. measures up to the
rest of the world in areas such as health care, housing and defense. But while
analyzing what it's really like to live in the U.S. today, they also uncovered
a few "myths and truths" as the title of the book suggests.
Enloe and
Seager joined The Daily Ticker's Aaron Task to share three of the most
surprising misconceptions they uncovered.
#1 Land
of Homeowners
The dream of
owning a home is actually more the reality in other countries. In the book, the
authors point to the most recent data, which show only 68% of Americans owned
their home in 2002, compared with 92% in Hungry, 84% in Mexico, 72% in the U.K.
and 71% in Australia.
"One of
the things that is a cherished notion about America is we are a nation of
homeowners, and homeownership has long been seen as kind of the bedrock of the
American dream," says Seager. "I think the current economic crisis
and the housing crisis is really shaking that American cherished view of
ourselves as having easy access to homeownership."
This is
evident in another stat laid out in the book, which shows 83% of people agreed
that buying a home was a safe investment in 2003, compared with 70% in 2010. (See:
Why
I Am Never Going to Own a Home Again)
#2 Land
of Opportunity
Just like the
ideal of owning a home, opportunity in this country is now also on the brink.
"Opportunity
in this country means a chance for an education … [and] a chance for a decent
job that allows you to have a decent life," says Enloe, who points to two
key factors that hinder people making it here in America.
- The cost of a college education continues to
rise year after year.
- The unemployment rate remains high at 9.2%, but
it doesn't factor in the millions of "underemployed" workers --
those who are currently working part-time but would like full-time work --
and discouraged workers who have tired of looking for a job and have just
dropped out of the job market.
#3 Land of Givers
While the U.S. does give more money in foreign aid
than any other country in the world, as a percentage of GDP it falls way behind
many other nations.
Whereas Sweden gives almost 1% of its GDP in 2008,
the U.S. gave 0.19%.
"I think it really should shake Americans'
self-perception of two things," says Enloe. "[One] is cutting foreign
aid actually the ticket to balancing the budget, but also how do we shape up
compared to other countries' generosity?" ’
Milbank:
From Tea Party patriot to party man (Washington Post) [ Ah, sweet Mr. Milbank. He’s such a sweet man.
And, he’s loyal too; at least to ‘wobama the b’ (for b***s***). Milbank:
Mourning the debt deal (WP) [ Ah,
yes! Sweet Mr. Milbank. He’s so sweet. Friend to the Gipper and the new
democratic party. His pain is our pain. Let us join him in tears. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! Happy
birthday, Mr. President GALLERY | Dana Milbank imagines the cards Congress
will send on Aug. 4 to celebrate Obama’s 50th.
(Washington Post) [ Yeah … beyond the overwhelming predominance of hate
mail, I too conjure up an image celebratory of wobama’s 50th with
Mr. Milbank, dressed in drag, with blond wig, pronouncedly darkened mole on
cheek, and in a soft, raspy but sultry, sexy voice singing ‘happy birthday Mr.
President’. I mean, come on … we all know somethin’s goin’ on between them …
you know, kind of a love affair for the ages … Riiiiight! Milbank:
Dealing with the Default Caucus (Washington Post) [ I just love ‘wobama the b’ (for b***s***)
apologist in chief, Mr. Milbank. He’s so egalitarian; surprising all by his
colloquial reference to whom one might otherwise consider to be his political
polar opposite, and even political nemesis in the persona of Ronald Reagan, so
tritely referred to by Mr. Milbank as ‘The Gipper’ in whom Mr. Milbank posits
the inspiration, ‘heart and soul’, of ‘the new democratic party’. What total
b***s***! How about everyone, including Mr. Milbank, realizing the dire
predicament facing the nation owing to a now familiar political strategy of
‘kicking the can’ down the road a piece till the problem (insolvency of the
nation) has as now become insurmountable and hence, unsolvable. That’s where
we’re at now! .
Drudgereport:
HARRY
BELAFONTE: Obama 'has failed'...
NOONAN:
'HE IS A LOSER'...
GALLUP:
40% APPROVAL...
Obama
takes debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
TEMPLETON
chairman: Financial Crisis 'Around Corner'...
'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job...
GALLUP
SHOCK: 'REPUBLICAN' BEATS OBAMA BY 8%
APPROVE:
42%
Return
of Mass Layoffs a Grim Sign...
Dollar
falls to all-time low against Swiss franc...
Obama Threatens Another Veto...
Just
hours after urging compromise...
Carney
Admits Obama Has No Plan...
BALL
IN YOUR COURT, HARRY[, aka Mr. Milktoast, aka Majority Leader of Harry’s Wh*r*
House]!
NO!
22 REPUBLICANS BUCKED BOEHNER...
DC
racing against clock...
Milbank:
Congress is now middle school ‘Anew
Washington
Post-ABC News poll finds that 80 percent of Americans are dissatisfied with
the way the federal government is working. Such a finding leads to an
inevitable conclusion: The other 20 percent aren’t paying attention … Ah, sweet
Mr. Milbank. Who said he gets things wrong? Middle school? From Gipper (I
always hated that trite reference to Reagan – and again, let me reiterate that
though I liked Reagan as a very likeable guy, the last real american leader /
president was the underrated but great President General Eisenhower who warned
of the current debacle called america in the sense of admonishing of the danger
inherent to the now entrenched ‘military industrio-inferiority complex’) to
graduation, perma-wobama apologist Mr. Milbank has come a long way; but, a pile
of b***s*** in the form of ‘wobama the b’ stands intractably in his way, no
matter what. Because … ? You can’t change what lamentably wobama is and has proven himself to be. If only he
had done what he promised he would do (those false campaign promises which got
him elected). But alas, as in the moral of the story of the ‘scorpion and the
frog’, you cannot change the nature of that cowardly, failed ‘president’ called
‘wobama the b’. (Washington Post) [The
new party of Reagan The Gipper helps make the case for Democrats.
(Washington Post) [ ‘Well there you go again’ quoting the ‘Gipper’, off the
deep end as one might expect from wobama apologist Mr. Milbank (he’s somewhat
of a lemming himself). After all, how different really are the parties these
days when profligate spending on illegal, unnecessary wars was continued when
democrats controlled congress, and then even the executive office when
continuing failed president and war criminal dumbya bush’s nation bankrupting,
nation destroying war policies, protection for unprecedentedly huge wall street
frauds, bush tax cut extensions for the wealthy, and then some (spending on top
of it). Preposterous! Especially since Reagan’s most significant achievement
was his rational approach toward Russia (with of course the substantial help of
the astute Gorbachev) toward the ameliorative goal of peace and consequent
peace dividend which enabled a ‘smooth-sailing’ though undeserved tenure for ultimately
clinton (cia man ‘poppy the sailor man’ bush was already working on stirring up
war / military industrial complex matters in the Mideast – that April
Glaspie/cia/Iraq/Kuwait communiqué to sadam and the consequent debacle, etc.).
It’s
still Obama’s party Why he won’t face a primary challenge: Republicans and
racial politics. (Washington Post) [
It’s true … so right you are! Al Gore’s even pitchin’ in by donating the
talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a
song in wobama’s honor (kidding) which goes something like this , ‘It’s his
party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you
would cry too, if obama happened to you
… Well, there you go … if the song says
it it must be true. Yeah! And those dern republicans and their racial politics
… UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore
cases that involve black defendants and white victims' – Time to get whitey, at
last, at last, etc., say holder / wobama who go on to say ‘and they ain’t
talking about Whitey Bulger, the mobster, either!’
SHARE
YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
ATF Chief Melson:Justice
Department trying to shield officials (LATimes) Serrano
I believe him!
I truly empathize with the
ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize
some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual
citizenship with Italy), and some familiar crimes (ie., drug money laundering,
etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the
following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert
Williams, Todd McKeahan & Conway LeBleu: Died February
28, 1993 by gunfire at Waco. All four were examined by a pathologist and died
from identical wounds to the left temple. All four had been body guards for
Bill Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real, complicit
cover-up / fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims Act probably would apply and I
would absent resolution seek to refer the within to a firm with expertise in
that area of the law with which I am not familiar).
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5
pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf
http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated
assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew
Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
- A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc..
- Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice by Alan Shiff,
USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by
the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page
1
Page 2
]
- Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part
- crossexamofcoanbypeia.pdf ]
- Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
- Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In
addition to being 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. As much as I hate the mob, it truly was funny, if
not so tragic.], Alito is also corrupt (and maybe
corrupt because he is inept). After a reasonable (but still rather short)
time I called to determine the status and was told that Alito was no
longer with the Office of the U.S. Attorney, that he was (appointed) a
federal judge, and that neither the documents nor any file or record of
same could be located. Alito did parley the same / cover-up into quid pro
quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I
hesitate to chance greater non-performance / worsening by their ‘fix’ so cell
phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I
believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama
has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP |
Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Sincerely
and Regards,
Al
Peia
Top 3 Reasons Markets Rallied Despite Negative Economic Outlook Wall St.
Cheat Sheet August 3, 2011, Markets closed up on
Wall Street today: Dow +0.25% , S&P +0.59% , Nasdaq +0.81% , Oil -2.10% ,
Gold +1.22% .
On the
commodities front, Oil fell to $91.82, while precious metals gained, with Gold
up to $1,664.50 an ounce and Silver up 4.19% to $41.77 an ounce.
Don’t
Miss: A
Look At U.S. Economic Data Scaring Investors.
Today’s
markets were up because:
1) Job cuts.
Markets took a beating this morning after it was announced that planned job
cuts in the U.S. climbed 59% year-over-year in July, and 60% over June’s
figures. Projections have Friday’s Labor Department report on the state of job
growth in the U.S. showing 85,000 more payrolls in June, a figure only good
enough to maintain June’s 9.2% rate of unemployment. If the number reported
Friday falls short of expectations, population growth may again exceed job
growth, and the rate of unemployment could rise.
2 ) ISM
service-sector report. Monday’s ISM
manufacturing report contributed to market losses on Monday, but today’s
report, though equally negative, didn’t quite have the same effect as markets
began to level out this afternoon. The ISM
service-sector index declined to 52.7% in July. The U.S. service sector
accounts for three-fourths of all economic activity, and employs four out of
every five U.S. workers , so a 0.5% decline speaks volumes about the state of
economic recovery. However, ultimately the news seems to have had little effect
on the already depressed markets, which began to rally in the afternoon to
finish the day with gains.
3) Tech. All
three major indices closed the day up, in large part thanks to tech stocks.
Apple , Google , Intel , IBM , and Microsoft led tech gains today, with Intel
one of the Dow’s best performers, helping push the index positive in the last
hour of trading so that, despite a negative economic outlook, the markets
finally got their day in the sun after the shadow of the debt ceiling finally
passed…’
[video]
Trader: Expect More Selling at TheStreet.com
After
crisis, attention turns to spending panel
Bipartisan committee, tasked with developing a broader plan to control
the government’s debt, is likely to confront the same ideological divide that
caused an almost crippling impasse in the debt-limit debate. (Washington Post)
[ Ah, riiiiight! The plan, for a plan, to make a plan, for a committee, to make a plan, for a plan to
plan for a final plan of planning to plan to plan a plan’s plan of executing a
plan’s plan of execution of the planned committee’s plan for planning a plan to
plan a plan that’s planned for a post election plan to plan a plan. What
planners pervasively corrupt, defacto bankrupt america has; you know the type;
viz., boy scouts all and true to their motto, ‘be prepared’. And, prepared they
are, to make a plan to be prepared to make a plan to plan a plan post election.
What a grand plan to plan to kick the can post election is the plan, for the
united plans of america, a new nation, conceived in corruption, greed,
incompetence, and thievery, and dedicated to the proposition that almost all
american citizens are created stupid and that you really can, with a plan to
plan, fool most of the people into takin’ it in the can. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. Maierhofer: ‘USA INCOME
STATEMENT:Total federal spending in 2010 amounted to $3.456
trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit
was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected
deficit of$1.6 trillion. …USA BALANCE SHEET:
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time.). IT'S GOING TO HURT 'FOR LONG
TIME TO COME' [ Says tiny tim geithner … thanks for the heads up
tiny tim ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money--
Stocks
plunge despite debt deal Weak economic signs spur major retreat, pushing
markets to their lowest point of the year. (Washington Post) [ Despite debt
deal indeed. This mystery sounds like a job for Rosanne Rosanna Danna formerly of SNL fame, to chime in
with a reminder as her mama always used to say, ‘it’s always something’
(previously from 2010 – the song remains the same) … but unfortunately, that
somethin’ is not necessarily what they say it is. Reality is that the u.s.
market needs no help from Asia or Ireland or Greece, etc., to fall but here in
the states they would love for you to think that. The fact is that the u.s.
market is way over-valued / over-bought, floating on air and b*** s*** alone in
this new bubble as in the last before the previous crash that the wall
street frauds and insiders commission with high frequency churn-and-earn trade
programs and sell into. I mean,
forget about valuations, security analysis, basic economics, etc. … it’s suddenly, from out of nowhere, Ireland
and China jamming on the breaks … riiiiight! Come on! That dog don’t hunt no
more! Lloyd, infra, lists 17 concerns right off the top. The decline certainly
was no mystery to Loundsbury, Roche, Maierhofer, Hussman, etc., infra, among
many others. … The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! Rout spells trouble for Wall Street / Moody's
confirms U.S. rating at Aaa, outlook negative / Chinese rating agency cuts
U.S. debt again]
Deal
fails to soothe foreign critics
(Washington Post) { Let’s not kid outselves! I consider Russia a
rational, great nation (their painful, yet peaceful transition from their
mistake is a testament to their greatness as a people / nation and Gorbachev
particularly – China’s recent success is as far from communism as can be
imagined) and have high regard for Putin though lamenting his youthful, albeit
inherited indiscretion (kind of like that Tiger hunt which he’s now wisely
disavowed) in dabbling in the failed system of communism (the great lie where
everybody’s equal except some are more equal than others, ie., party members,
bureaucrats, etc., kind of like america today with the addition of the
plutocratic wealthy thieves, criminals, frauds, etc.). That said, most of these
so-called ‘foreign critics’ fall predominantly into either of two categories;
viz., ‘pots calling the kettle black’, or ‘enablers’. Putin
Calls U.S. a “Parasite,” Demands New Reserve Currency Activist Post | Putin
seemed pleased that politicians in the U.S. agreed to a deal to raise the debt
ceiling. Putin says
U.S. is "parasite" on global economy [Unfortunately, this
is very true. More unfortunately is the fact that most worldwide don’t realize
that fact! I mean, think about it: pervasively corrupt, defacto bankrupt
america’s cancerous perma wars,
over-printed debased ‘Weimar’ paper ‘reserve’ currency, huge frauds in
securities and otherwise, etc.. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so for a long time.
Maierhofer: ‘USA INCOME STATEMENT:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for
unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion,
PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while
other estimates exceed $100 trillion (these amounts are insurmountable) …’ Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and you
have to laugh) is to see Conservative pundits get on TV and talk about how we
need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time.).
SHARE
YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
ATF Chief Melson:Justice
Department trying to shield officials (LATimes) Serrano
I believe him!
I truly empathize with the ATF
in terms of government cover-ups, notably by even the DOJ. You’ll recognize
some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual
citizenship with Italy), and some familiar crimes (ie., drug money laundering,
etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the
following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert
Williams, Todd McKeahan & Conway LeBleu: Died February
28, 1993 by gunfire at Waco. All four were examined by a pathologist and died
from identical wounds to the left temple. All four had been body guards for
Bill Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims probably
owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such
assistance given the seriousness and prevalence of said violations of law which
have a corrupting influence on the process, and which corruption is pervasive).
A grievance complaint against Coan was also filed concurrently with the subject
action and held in abeyance pending resolution of the action which was
illegally dismissed without any supporting law and in contravention of the
Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims Act probably would apply and I
would absent resolution seek to refer the within to a firm with expertise in
that area of the law with which I am not familiar).
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5
pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf
http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but typical
problem with my mail) along with my response thereto is included on the 3 disks
as fbicorrespondencereyes.htm
. With regard to the calls to the FBI’s LA and New Haven, CT
offices: There was one call to the LA office and I was referred to the Long
Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I
gave probative evidentiary documents of the money laundering which he confirmed
as indicative of same (he was transferred from said office within approximately
a month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
- A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc..
- Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page
1
Page 2
]
- Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part
- crossexamofcoanbypeia.pdf ]
- Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
- Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In
addition to being 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. As much as I hate the mob, it truly was funny, if
not so tragic.], Alito is also corrupt (and maybe
corrupt because he is inept). After a reasonable (but still rather short)
time I called to determine the status and was told that Alito was no
longer with the Office of the U.S. Attorney, that he was (appointed) a
federal judge, and that neither the documents nor any file or record of
same could be located. Alito did parley the same / cover-up into quid pro
quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I
hesitate to chance greater non-performance / worsening by their ‘fix’ so cell
phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama
has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP |
Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Sincerely
and Regards,
Al
Peia
What
can the Federal Reserve do? With the U.S. economy at risk of a double-dip
recession, the central bank lacks tools to do anything. (Washington Post) [ Oh
I’d say they’ve done quite enough … wouldn’t you? … Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This
catering to fraudulent wall street was a loser ab initio! That so-called
‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan
and failed miserably except for the frauds on wall street who commissioned up
and down; and, make no mistake, those computer-programmed high-frequency
trading volumes have now been maximized for nation-economy-draining profits for
the frauds like never before and have never been higher. The QE and
dollar-debasement policies were always predictably inflationary, ultimately
hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that
was but in reality good only for the frauds on wall street. No, there is no
modern day alchemy that spins worthless paper into gold except fraudulently for
the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing
out’ for hard currency and gold, precious metals, at everyone else’s expense
including main street. ] In
his June 7 speech, Fed Chairman Ben Bernanke stated, “the best way for the
Federal Reserve to support the fundamental value of the dollar in the medium
term is to pursue our dual mandate of maximum employment and price stability,
and we will certainly do that.”
.. Bernanke’s
results .. since Ben took the reins:
Feb ’06 –
April ’11
|
Items in a Typical Budget |
% Change |
|
Food and Beverages |
16.54% |
|
Water and sewer and trash collection services |
31.88% |
|
Rent of primary residence |
13.82% |
|
Housing |
8.68% |
|
Fuels and Utilities |
11.93% |
|
Apparel |
4.83% |
|
Medical Care |
20.11% |
|
Gasoline (all types) |
65.12% |
|
Transportation |
23.36% |
|
Tuition, other school fees, and childcare |
29.28% |
|
Recreation |
2.87% |
..
The standard unemployment rate most often used by the Fed is currently at 9.1%,
up 90% since Bernanke started. The more inclusive (realistic) U6 number
stands at 15.8%, up 75% in the same period. The Civilian Participation
Rate has declined 2.87% to 64.2%.
This is the
lowest level the U.S. has seen since March, 1984. The decline amounts to
8,946,844 fewer Americans in the labor force. Had they not dropped out
because of a lack of jobs, the “official” unemployment rate would be
significantly higher. While we can debate the meaning of the term maximum
employment, it is clear that the jobs data has deteriorated considerably since
Bernanke took the reins at the Fed. ..
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
Matt Marcewicz
& Robert Barone, Ph.D.
.. ‘
[video]Sellers
Focus On DowngradeTheStreet.com TV
Analysis: Obama, Bernanke out of ammo to boost jobs, growth - WASHINGTON/NEW YORK (Reuters) - The United
States has a jobs problem and there's not a lot President Barack Obama or
Federal Reserve Chairman Ben Bernanke can do about it.
How
Far Will Stocks Fall? at Forbes Tom Aspray ‘New fears about the economy have trumped the debt
resolution and the selloff is now on. Here are the critical support levels and
potential downside targets to watch for the major stock index ETFs…’
Rhode
Island Town Goes Bankruptat Forbes
John
Mauldin: The U.S. Must Cut $10 Trillion in 10 Years, or Taxes Will Skyrocket
The Daily Ticker[ Don’t hold your breath! ]
The Debt Ceiling Deal From Hell The Economic
Collapse | If this is the best that our politicians can come up with, we are
absolutely doomed.
Silent Bank Run In Greece
London Guardian | Greece in panic as it faces change of
Homeric proportions
Global
Economic Depression – The “Solution” to The Debt Crisis: More Debt Bob
Chapman | Perhaps with the exception of Germany the world economy is
in disarray.
Europe
on Brink of ‘Major Financial Collapse’: Guggenheim CIO CNBC
| Europe is a “train wreck.”
Spending
Cuts? Federal Spending Will Be Higher in 2012 CNS News |
The Budget Control Act of 2011 does not actually cut spending for fiscal year
2012.
China
Joins Russia in Blasting U.S. Borrowing After Debt Ceiling Agreement Bloomberg
| China joined Russia in criticizing American policy makers for failing to
ensure borrowing is reined in.
Refuge
Demand Sends Gold To Record Above $1,670 WSJ | Gold futures continued their
march into record territory Wednesday.
SNB
Intervenes To Lower “Massively Overvalued” Franc, Leaves Gold As Only “Safe
Haven” Currency Zero Hedge | The Swiss central bank “unexpectedly”
intervened to curb the record appreciation of the Swiss Franc.
China
Boldly Goes (Again) Where Moody’s Has Never Gone Before, Downgrades US From A+
To A, Outlook Negative Zero Hedge | As was predicted last week, China’s
rating agency Dagong has come through on its threat to downgrade the US.
Food
Stamp Use Surges By Most In Years As Alabama Foodstamp Recipients Double In May
Zero Hedge | It appears that GDP data revisions are not the only thing that the
administration enjoys fudging with.
National / World
China Joins Russia in Blasting U.S. Borrowing After Debt
Ceiling Agreement
Bloomberg
| State-run Xinhua News Agency blasted what it called the “madcap”
brinksmanship.
GOA Chief: Super Congress ‘Will Lead Us Into
Dictatorship’ Paul Joseph Watson | New committee is a “coup d’état”
by the ruling class.
Spending Cuts? Federal Spending Will Be Higher in 2012 CNS
News | Coburn’s one-word response: “Yes.”
Global Economic Depression – The “Solution” to The Debt
Crisis: More Debt Bob Chapman | This is going to be a very bumpy
ride.
Mubarak Denies All Charges Against Him Al
Jazeera | The former Egyptian president lying on a stretcher denied all the
charges before the judge.
Fed SWAT Raid Targets Fruits and Vegetables Kurt
Nimmo | The feds and local police are destroying product at the raided
market.
Feds SWAT Team Fruit & Vegetable Sellers TheAlexJonesChannel
| The Feds are targeting independence on every level.
Breaking: Feds Caught Shipping Cocaine into U.S. TheAlexJonesChannel
| Federal agents let drug cartels ship tons of cocaine into U.S. for info
exchange.
Citizens Confront Police Over Organic Food Raid Aaron
Dykes | Footage has emerged from the raid today on Rawesome Foods
showing outraged citizens.
NRA To Sue Feds Over ATF Intimidation Of Gun Sellers Paul
Joseph Watson | Holder says measures are “appropriate” to stop flow of
guns into Mexico even as feds caught directly shipping firearms to Mexican drug
gangs.
Raw Food Raid: Armed Agents Bust Raw Milk & Cheese
Sellers Mike Adams | Breaking news: Multi-agency
armed raid hits Rawesome Foods, Healthy Family Farms.
Airport Body Scanner Farce Continues As Perspirating
Passengers Set Off Alarms Steve Watson | Sweaty armpits confuse
radiation firing machines.
Pentagon Plan to Monitor Activists On Facebook and
Twitter Kurt Nimmo | The Pentagon has a
well-established track record of snooping on political activists.
The Debt Ceiling Deal From Hell The Economic
Collapse | If this is the best that our politicians can come up with, we are
absolutely doomed.
The Decline and Fall of the American Empire Dr.
Paul Craig Roberts | The United States Government and its presstitute media
have wasted time and energy creating hysteria over a non-existent “debt ceiling
crisis.” [ I’m frankly a bit surprised and disappointed at Mr. Roberts’
non-sequitor, cavalier attitude about the debt crisis even as he seems
sometimes in conversely implying in contradictory fashion vis-à-vis the premise
/ title (which premise I agree to be true) that there was no debt ceiling
crisis while poo-pooing the amounts of the debt, which contrary to his
downplaying same, are literally insurmountable (nonfunded liabilities in excess
of $75 trillion, and then the interest on the huge borrowings). I certainly
didn’t expect them to default if only because, as I’ve said before when last
they raised it with wobama that the same would be a ball of confusion / paper -
bureaucratic nightmare / pain in the a** / time-consuming mess to unravel and
straighten out. The media attention was appropriate because the debt situation
is that dire. The nation is defacto bankrupt / insolvent. As for the view of
foreign nations of america, if they’re not already questioning pervasively
corrupt, defacto bankrupt america’s judgment and sanity; then, they themselves
lack good judgment / sanity. The economy is and prospectively will be much
worse than they’re spinning, lying about, faking reports / data, etc., but the
following point he made was well taken and made: ]
‘…And it is not only Americans who are being
made homeless by US policies. Afghans, Pakistanis, Iraqis, Yemenis, Somali,
Libyans are also consigned to homelessness by American policy. Moreover,
America’s wars against these peoples together with the supporting
military/security budget account for 75% of the US budget deficit. Indeed, the
cost of these wars exceed the planned future budget savings from the debt limit
deal.
In other
words, the cost of the wars that make millions of foreigners homeless use up
revenues that the federal government could have used to keep Americans in their
homes and teachers in the schools. As much as many Republicans profess to be
concerned about the US public debt, Republicans were not sufficiently concerned
to address their issue by cutting back the $1.2 trillion military-security
budget or by raising the low tax rates on the mega-rich.
Look at these
July 30 headlines, just two days prior to the default deadline, from the online
group, Stop NATO:
US Military To Be Based In Australia To Confront
China
Call To Expand American Counterinsurgency Operations
In Philippines
US Could Upgrade Polish Warships For Baltic Sea
Bulgaria: Pentagon Continues Upgrading Military Bases
US Uses Romanian Air Base To Supply Afghan War
America’s Africa Partnership Station In East Africa
Mongolia: US Leads NATO, Asian NATO Allies In
Military Exercise
Libyan War: Over 17,000 NATO Air Missions, Nearly
6,500 Strike Sorti
The Big Picture: War on Libya is War on Africa
What in the world is a country facing bankruptcy and
default doing conducting military exercises in Mongolia and Central Asia? What
is the North Atlantic Treaty Organization, designed to counter a Soviet thrust
into Western Europe, doing in Mongolia?...’
Will:
Obama cannot run from his liberalism (Washington Post) [ I disagree with Mr. Will! ‘Wobama the b’ (for
b***s***) can and does run from his liberalism. His perma wars, military
spending, no pros of the huge crisis-causing frauds on wall street, and prior
continuation of the moron war criminal bush tax extensions, etc., are a
testament to that. What he cannot do is hide from his
’all-seeing-speaking-thinking’ Teleprompter which is probably telling him ‘go
liberal’ for your base if that’s what Mr. Teleprompter is reading in the public
mood, soured as it is. SHARE
YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
ATF Chief Melson:Justice
Department trying to shield officials (LATimes) Serrano
I believe him!
I truly empathize with the
ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize
some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual
citizenship with Italy), and some familiar crimes (ie., drug money laundering,
etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the
following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert
Williams, Todd McKeahan & Conway LeBleu: Died February
28, 1993 by gunfire at Waco. All four were examined by a pathologist and died
from identical wounds to the left temple. All four had been body guards for
Bill Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims Act probably would apply and I
would absent resolution seek to refer the within to a firm with expertise in
that area of the law with which I am not familiar).
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally met
with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the
money laundering which he confirmed as indicative of same (he was transferred
from said office within approximately a month of said meeting and his location
was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron
Barndollar and we remained in touch for in excess of a decade until he abruptly
retired (our last conversation prior to his retirement related to the case and
parenthetically, Rudy Giuliani whose father I stated had been an enforcer for
the mob to which he registered disbelief and requested I prove it, which I did
– he served 12 years in prison, aggravated assault/manslaughter? – and no,
there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
- A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc..
- Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page
1
Page 2
]
- Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part
- crossexamofcoanbypeia.pdf ]
- Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
- Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In
addition to being 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. As much as I hate the mob,
it truly was funny, if not so tragic.], Alito is also
corrupt (and maybe corrupt because he is inept). After a reasonable (but
still rather short) time I called to determine the status and was told
that Alito was no longer with the Office of the U.S. Attorney, that he was
(appointed) a federal judge, and that neither the documents nor any file
or record of same could be located. Alito did parley the same / cover-up
into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito
that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I
hesitate to chance greater non-performance / worsening by their ‘fix’ so cell
phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama
has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP |
Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Sincerely
and Regards,
Al
Peia
Top 3
Reasons Markets Were Down Despite Debt Deal Wall St. Cheat Sheet August 2, 2011, Markets closed down on Wall Street today: Dow -2.19%
, S&P -2.56% , Nasdaq -2.75% , Oil -1.73% , Gold +2.34 % .
On the
commodities front, Oil fell to $93.25, while precious metals gained, with Gold
up to $1,659.60 an ounce and Silver up 3.79% to $40.80 an ounce.
Don’t Miss:
The
U.S. Debt Deal: Your Cheat Sheet to the Framework.
Today’s
markets were down because:
1) Consumer
spending. With consumer
spending dropping off in July for the first time since September 2009, it
looks as though the economic recovery might be coming to a standstill. This
morning’s report from the Commerce Department shows that the economy only grew
1.3% during the second quarter, while both income and disposable income only
rose 0.1%, the slowest rate of growth since November 2010, and consumer
spending contracted 0.2%. The news only compounds the effect of Monday’s ISM
report showing that growth in the manufacturing industry also slowed in
July.
2 ) Debt deal.
With a much-awaited debt
deal finally passed in the nick of time, markets haven’t gotten the boost
one might have expected as investors realize that the deal, which issues huge
cuts to spending without touching taxes, won’t actually help the stagnant
economy. Yesterday anticipation of the deal helped to offset negative economic
data, but now Congress has loosed its reigns on the markets, which will now
have to take their cues from the economy.
3) Debt deal,
take two. While the debt deal will be cutting social spending, student aid, and
government agency budgets, it will also be directly affecting many large
corporations that rely heavily on government sales. Healthcare stocks like
Pfizer , and Humana are down as they expect weakened profits as Congress cuts
funding for Medicare and Medicaid. The capital goods sector is also being hit
by the deal, with huge cuts to defense spending putting contracts with tech,
manufacturing, and aerospace companies like United Technologies , Honeywell ,
and Lockheed Martin at risk…’
[video]
Sellers Focus On DowngradeTheStreet.com NEW YORK - Teddy
Weisberg of Seaport Securities says the headwinds and Washington are weighing
on the market.
American
Investors Screwed: Dave's Daily at TheStreet (Tue 6:51PM EDT)
‘The debt ceiling has been raised and conventional wisdom had it that we'd
rally. That notion was blown apart Monday and Tuesday especially. Americans are
facing an uncertain future with debts and ways to pay for them. The debt
ceiling will create yet another commission to come up with solutions. This is
pretty dumb since we already had a presidential commission with a recent report
that no one wanted to deal with, especially the president. The focus has
shifted from this Washington melodrama to real stuff like economic data. Today
Personal Income and Spending showed the first decline in 2 years. Recent
reports taken together indicate a rapidly declining economy. In fact, J.P.
Morgan economists have slashed forecasts for the second half of 2011 from 2.7%
GDP growth (already reduced) to below single digit. The inference is a trip
back to recession. And, noises were emanating from Europe on Tuesday that more
debt troubles were about to plague Spain, Italy and even France. Even with
markets being already short-term oversold, the "get me the hell out"
mantra echoed through the floor of stock exchanges Tuesday. Earnings? Nobody cares right now
since they're just so much "old news." Sure, with good earnings
reports trailing PEs will look pretty cheap but that would mask what lies
ahead. Bonds continued their crazy meteoric ascent as yields on 10-year
Treasury bonds dropped to 2.62%. Even those drinking Kool Aid know basic
inflation wipes out this yield. The dollar rallied overall against most
currencies since with stocks in a major sell-off it was
time to take profits wherever available. Further margin calls were no doubt
issued and it was time for some dollar repatriation. Gold continued to rise
sharply to new highs while commodity markets overall were much weaker given
thoughts of weak demand. Whatever 2011 year-to-date gains existed have been
wiped-out for the major equity indexes. And today was the worst loss for SPY
since August 2010. This shouldn't surprise since we've repeatedly been
comparing this summer with last year…’
Small
Caps Now Negative In 2011; SPY Confirms Bearish Turn at Barrons.com
STOCKS
GET DESTROYED, DOW FALLS 266, GOLD SURGES: Here's What You Need To Know Business Insider Joe
Weisenthal, On Tuesday August 2, 2011, 4:00 pm EDT Horrible and depressing and disappointing.
But first, the scoreboard:
Dow: -265.72
NASDAQ: -75.43
S&P 500: -32.89
And now, the
top stories:
- First, we'll just get it out of the way. The
debt ceiling story is over. The Senate passed the hike and Obama signed
it. The story's resolution provided no lift to stocks whatsoever. Re-live today's full events here >
- The bigger story is Europe going blamo. Italy
and Spain just keep looking like they're about to get sucked into the
vortex. Yields are surging in both countries. Bank stocks are getting
their heads beaten in. Politicians in both countries are doing the same
song and dance, claiming that they're fine. It's bad news, and both
countries are probably too big to save. If they go, the Eurozone goes
kaput. Click here to see who gets smashed if Italy goes bust >
- And then again, the weak US economy. Consumer spending in June went negative "unexpectedly."
Income growth was also poor.
- Mix it all up, shake... You get stocks killed, Treasury yields collapsing (why is the
government worried about saving money again?), gold soaring (up nearly
$40!), the Franc soaring and the yen soaring. Even silver caught a nice
bounce today. The S&P is now down for 2011. This is also the 8th
straight down day for the Dow, which is the first time since this has
happened since October 2008. Uh-oh.
- Ominously, the selling was super-aggressive late
int he day.
- In terms of sectors, the biggest losers was industrials
(down 3%) followed by consumer services, down 2.7%.
- As for the connection between the debt ceiling
deal and the markets, there's probably no real connection, except the
queazy feeling you might get from thinking about spending cuts during a
bad recovery.
S&P
Goes Negative for the Year at The Wall Street Journal
The
U.S. Fiscal Crisis: Much Like Greece Stacy
Curtin | Daily
Ticker
‘At long last, our elected officials in Washington have reached a deal
to raise the country's $14.3 trillion debt ceiling! The measure made it through
the House of Representatives Monday and is set to hit President Obama's desk by
day's end after the Senate also votes to approve the legislation. (See: THE
DEBT DEAL: Crisis Over, But More Pain To Come)
But the
bipartisan deal does little to fix our long-term budget problems, say Adam
Lerrick, professor of economics at Carnegie Mellon University, pointing to two
core problems: 60% of Americans receive more from the government than they pay
in taxes, and 50% of Americans pay no income tax at all.
"This
[deal] is just a temporary stop-gap measure," says Lerrick, an expert in
sovereign debt restructuring. "The United States has shown itself totally
incapable, and this is both parties, of dealing with its fundamental economic
problems, which are Medicare, Social Security, education and energy. And until
we do, there is not going to be any real progress in this economy."
What's more is
that Lerrick thinks the U.S. is just like Greece, with one exception: The rest
of the world still considers the U.S. dollar as its reserve currency -- at
least for now. (For more on Greece, see: The
Greek Charade, Act II: Europeans Keep Kicking the Can, Stocks Rally).
Lerrick, who
led Argentina's $100 billion debt restructuring, says it's only a matter of
time before the world shifts away from the U.S. dollar.
"The
world is trying to find an alternative to the dollar. The only alternative
right now would be the euro, and as we've seen, the Europeans have their own
fiscal crisis," he tells The Daily Ticker's Henry Blodget in the
accompanying clip. "The day that stops, then we have a full-blown crisis,
because we will literally not be able to pay our bills."
Right now we
are on the precipice of this crisis, and there is only way to get Washington to
wake up and act beyond its business-as-usual practices of ignoring and spending
our way out of problems, he says. Unfortunately, it's not pretty. He says we
need to hit the point of no return before politicians and the electorate are
forced to make the "tough choices" that will eventually fix our
fiscal mess.
"The crisis
has started," Lerrick says. "Whether we recognize it and take action,
I hope that will be the main subject of next year's presidential
election." ‘
Check out this online comic that shows how the debt
ceiling fight played out >
Famed
economist predicts economic calamity in 2012. See the evidence. Newsmax
US
borrowing to surge after debt cap raised AFP | Treasury
expected to issue $331 billion in net debt in the July-September quarter, up
from $190 billion in the previous period.
How
The “Debt Man Walking,” aka Uncle Sam, Plans To Steal From You Zero
Hedge | Debt ceiling raised to palpable sighs of relief heard across
global financial markets, but the fun times are over.
Former Comptroller General: “Sudden And Very Painful”
Economic Collapse Is Coming Steve Watson | The United States is just
three years away from becoming Greece.
Putin
Calls U.S. a “Parasite,” Demands New Reserve Currency Activist Post | Putin
seemed pleased that politicians in the U.S. agreed to a deal to raise the debt
ceiling.
Sharp
Increase in Central Bank Gold Reserves – South Korea Up 17-Fold & Thailand
15.5% in 2 Months Goldcore | Gold is higher in all currencies today except
for the Swiss franc.
Will
Fed Pump More Money as US Economy Sinks? CNBC | The view that economic
weakness will lead the Fed to pump more money into the system is gaining
ground.
The
Charts The Government Doesn’t Want You To See Wealth Cycles | A healthy
skepticism of government statistics is one of those self-preservation
mechanisms that keeps us from hurting ourselves.
The
Imminent $2.5 Trillion Debt Ceiling Hike Will Unleash A Gold Price Surge To
$1,950 And Higher Zero Hedge | Two weeks ago we presented a chart that
shows the uncanny correlation between the debt ceiling and the price of gold.
National / World
Opponents Of Debt Hike to be Barred From “Super Congress”
Paul Joseph Watson | Fiscal conservatives like Rand Paul will be
omitted to ensure unconstitutional body can fast track tax increases.
Former Comptroller General: “Sudden And Very Painful”
Economic Collapse Is Coming Steve Watson | The United States is just
three years away from becoming Greece.
Rep. Paul introduces bill to cancel $1.6T in debt held by
Federal Reserve The Hill | Paul has also said the Fed is allowing
the federal government to continue a spending binge.
Super Congress: the final nail in the coffin of
representative democracy and freedom as we know it Madison Ruppert |
Cloaked in the fear surrounding the debt ceiling and a possible default is the
most dangerous legislation that America has ever faced.
The US Dictatorship and its White House Servant
‘President’ Finian Cunningham | If there is one thing that the
office of President Barack Obama demonstrates it is that democracy does not
exist in the United States.
Why Americans hated the debt debate Time.com |
Pew came out with a new poll on Monday confirming what we all already knew: The
American people think the last several weeks in Washington have been a
disgrace.
Obama Debt Deal Shakes Trust of Supporters Bloomberg
| Disappointment among party activists is raising doubts about their investment
in his 2012 re-election campaign.
Ron Paul Sounds Alarm on “Disturbing” Super Congress Paul
Joseph Watson | Congressman warns new all-powerful committee will ram through
tax hikes.
Council Of 13 To Rule America The Alex Jones Channel | This
evil power grab is out in the open.
Max Keiser: AAA to junk – just what Wall St. wants! RT
| Keiser believes the deal won’t be enough to persuade ratings agencies to let
America keep its precious ‘triple A’ credit score.
Putin
Calls U.S. a “Parasite,” Demands New Reserve Currency Activist Post | Putin
seemed pleased that politicians in the U.S. agreed to a deal to raise the debt
ceiling.
Opponents Of Debt Hike to be Barred From “Super Congress”
Paul Joseph Watson | Fiscal conservatives like Rand Paul will be
omitted to ensure unconstitutional body can fast track tax increases.
Former Comptroller General: “Sudden And Very Painful”
Economic Collapse Is Coming Steve Watson | The United States is just
three years away from becoming Greece.
Soros Project Tries to Discredit Fox by Linking It to
Alex Jones Kurt Nimmo | For Media Matters, truth
about the Federal Reserve is a wacky conspiracy theory.
Ron Paul Sounds Alarm on “Disturbing” Super Congress Paul
Joseph Watson | Congressman warns new all-powerful committee will ram through
tax hikes.
The Imminent $2.5 Trillion Debt Ceiling Hike Will Unleash
A Gold Price Surge To $1,950 And Higher Zero Hedge | Two weeks ago
we presented a chart that shows the uncanny correlation between the debt
ceiling and the price of gold.
Debt
Deal is a Blank Check Peter Schiff | By supposedly compromising to
raise the debt ceiling, Congress and the President have now paved the way for
ever higher levels of federal spending.
The Debt Crisis Is A Trojan Horse To Cause The Fall of
America Saman Mohammadi | The long transformation
of America from a relatively free society into a full-fledged, technocratic
police state is now complete.
Lyndon LaRouche: Obama to Become ‘Fuhrer’ After Debt
Ceiling Vote The Alex Jones Channel | Alex talks with Lyndon
LaRouche, who has called for “the immediate jailing of Bernanke, Geithner and
Obama.
SHARE
YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
ATF Chief Melson:Justice
Department trying to shield officials (LATimes) Serrano
I believe him!
I truly empathize with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real, complicit cover-up / fraud on the part of the federal government, et als:
October 15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).
The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as fbicorrespondencereyes.htm . With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth in the case, inter alia,
- A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
- Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
- Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
- Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
- Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being 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. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Sincerely
and Regards,
Al
Peia
Senate
set to take up measure Tuesday The 269 to 161 vote broke down like this:
174 Republicans and 95 Democrats supported the deal, while 66 Republicans and
95 Democrats opposed it. (Washington Post) [The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! The Daily Market Report
Aug 1st, 2011 PG ‘Relief? What Relief? http://www.usagold.com/cpmforum …Late
last night when party leaders and the President announced that they had reached
a bipartisan deal that would allow the debt ceiling to be raised, gold dropped
about 1%. Global stocks rallied in relief and briefly, ever so briefly, gold
was out of favor…CBO scores the package as accomplishing $2.1 trillion in
spending cuts over the next 10-years, the CBO baseline also has the deficit
rising $6.7 trillion over the same period. The premise apparently being that
we’re working our way to actual cutting by cutting to slow the pace of the
nation’s proliferate spending. In actuality — and as evidenced below — that CBO
baseline may prove to be way too optimistic. What really lit an intraday fire
under gold today was the big miss on US July ISM, which plunged to 50.9. The
market was expecting a modest downtick to 55.0 from 55.3 in June…’ The
Truth About The Debt Deal: It’s Pretty Much Meaningless Business
Insider/ Come on! Who believes their pre-election
year data, reports, b***s***? There’s desperation in the air and like never
before! One commentator, Peter Shiff, to Frank Motek of 1070am Bus.Report
references the sham in Washington; and regardless, points to default by way of
inflation, further stating that the debt ceiling’s already been breached by
borrowing. Moreover, he additionally states that default is inevitable by way
of inflation; that the fed will be buying the evermore worthless american paper
(bonds) and creating/printing evermore worthless american dollars; that there’s
been a quid pro quo with at least one of the 3 (S&P, Moody’s, Fitch)
federal licensed rating agencies, viz., of reaffirming the u.s. AAA rating in
return for no prosecution surrounding their role in the S&P AAA rated
worthless (fraudulent, mortgage-backed, derivative) paper securities (fraud)
giving rise to the previous leg of this continuing, ongoing debacle / crisis.
He finally goes on to recommend non-u.s., non-dollar denominated assets,
precious metals, and alternate currencies. This
is still a great opportunity to sell / take profits since there’s much, much
worse to come! Initial
unemployment claims rise
to 418000 - Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon / Tech up today? Absolute confirmation of
dire prospects worldwide since american tech is horrendous. Yet, sizzling
‘child’s play’ is the order of the day and credit still must be given to those
[ie., Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc
for word processing / data based records/forms/templates/data which I
interfaced with an electric typewriter for letter quality)] who could (as he)
identify such novelties as the biggest over-priced / over-valued sensations
since the hoola hoop (hoopla hoop - which were pretty cheap and with some minor
health benefits to boot).Take this run-up as a gift based on fraudulent wall
street b***s*** alone and take this opportunity to sell / take profits / ‘sell
today if you missed in may and then go away’! Nothing has been solved; maybe
forestalled. This is the umpteenth rally based upon the ‘solution’. The
ubiquitous problems make the notion of a ‘Gordian Knot’ a mere tinker toy in
comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. Maierhofer: ‘USA INCOME
STATEMENT:Total federal spending in 2010 amounted to $3.456
trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit
was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected
deficit of$1.6 trillion. …USA BALANCE SHEET:
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time.). IT'S
GOING TO HURT 'FOR LONG TIME TO COME' [ Says tiny tim geithner …
thanks for the heads up tiny tim ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen
Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator infra – and
that’s just the government (inflation) numbers … reality is much worse!}
Meanwhile, the frauds on wall street are churnin’ and earnin’ like never before
at lightning computerized speeds enabling the high-frequency trades that are
commissioned in unprecedented large volumes; a big net negative in real
economic terms.] While
Washington Fiddled The Economy Burned at Forbes [ Oh come on! Let’s
get real here! The economy was already burning (see infra), Washington
notwithstanding! Indeed, the frauds on wall street with those contraindicated paper
stock computer programmed commissioned churn-and-earn rallies would love for
you to think it’s Washington only {that aw shucks, coulda’ been clear sailin’
otherwise moment; but the reality is that things are far more dire financially
and economically than their window-dressed scams would indicate, though
washington’s no help, incompetent, unknowledgeable, and ineffectual as they are
(although fraudulent wall street, aside from their consummate scammin’, is
little better and probably overly relied upon and light in those very areas one
would expect to find profiency; viz., finance and economics.) Most importantly,
realize that if wobama’s actions had not belied his words/campaign promises,
the nation’s position, though still ominous, would have been substantially
improved.} ] Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
. My own direct
experience with the region(s) (particularly new jersey, new york, virginia,
connecticut, california) carves out no exception for the prevalence of the
worst of human nature; which is now collectively and pervasively
americana. Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
The
battle is done, the 2012 war begins
/ The
moderate middle carries the day
/ Defense
cuts may hurt D.C. economy / Deal
risks undermining fragile growth
/ What the debt deal means for . . . / The
unemployed: No insurance, no stimulus / Federal
workers: Possible job, benefits cuts / Health
care: Changes to Medicare & Medicaid / The
states: Federal money, credit ratings at risk (Washington Post) [ A simple math example analogous to the
current scenario is apposite and follows, infra. First and foremost regarding
the aforementioned worry / reality list is that all said concerns are real and
warranted. Reason: At some point (now), even printing more evermore worthless
‘Weimar’ dollars becomes inimical to the desired (very ephemeral) results of
same (costs, margins, etc.). Reality: 2+2 still equals 4, even if they say it’s
5 or 6 or whatever. Example: Board of directors borrows $5M to make $1M ahead
of board elections (show profits from the interest thereon); and thereafter,
upon reelection to the board compensate themselves and their really preferred
shareholders (backers) $2M. They promise many things based on projections that
have little to do with their business because their revenue base from
operations (ie., sales, etc.) is actually declining along with the market for
the product. But, they have a somewhat good relationship with the lender’s reps
who have made a ton with these guys and
in the following year justifies yet another $5M to make $1M with a comparable
divvy. The problem is that the amount owed has gotten larger, the interest
amounts greater, and net worth lesser. [ Unnaffordable war pending, QE’s 1&
2, etc.. Drudgereport: Obama Economists Admit:
'Stimulus' Cost $278,000 per Job... ] . (Exacerbating the scenario is the reality
that many american ‘manufacurers’ can make as much or more slapping their names
on literally foreign made products, ie., even those ‘apple things’, etc.) Much
like the ‘ponzi scheme’, such a scenario invariably crashes from its own weight
as is true of america today. Relative to the debt and prospective revenue
(growth or lack thereof) the following facts take your breath away: If you divided the national debt up equally
among all U.S. households, each one would owe a staggering $125,475.18. The federal government has
borrowed 29,660 more dollars
per household since Barack Obama signed the economic stimulus law two years
ago. During Barack Obama's first two years in office, the U.S. government added
more to the U.S. national debt than the
first 100 U.S. Congresses combined.
The
End of the American Dream [
http://endoftheamericandream.com/archives/debt-debt-debt-15-facts-about-u-s-government-finances-that-are-almost-too-crazy-to-believe
]
Instead of listening to the warnings of our founding fathers, now we are
in debt hell....
#1 The
Obama administration is now projecting that the federal budget deficit for this
year will be an all-time record $1.645 trillion dollars.
#2 The budget deficit for this year alone will end up
being well over 10 percent of GDP. That is an absolutely nightmarish
level.
#3 Currently, the accumulated national debt of the U.S.
government has reached a grand total of $14,123,589,307,190.53.
#4 If you divided the national debt up equally among
all U.S. households, each one would owe a staggering $125,475.18.
#5 The federal government has borrowed 29,660 more dollars
per household since Barack Obama signed the economic stimulus law two years
ago.
#6 During Barack Obama's first two years in office, the
U.S. government added more to the U.S. national debt than the
first 100 U.S. Congresses combined.
#7 In the new budget that the Obama administration has
proposed, the U.S. government would spend 3.7 trillion dollars in 2012 and by
2021 the U.S. government would be spending a whopping 5.6 trillion dollars per year.
#8 The U.S. government currently has to borrow
approximately 41 cents of every single dollar that it
spends.
#9 The total compensation that the federal government
workforce earned last year came to a grand total of approximately 447
billion dollars.
#10 The U.S. national debt is currently rising by well
over 4 billion dollars every single day.
#11 The U.S. government is borrowing over 2 million more
dollars every single minute.
#12 The U.S. national debt is over 14 times larger
than it was just 30 years ago.
#13 Unfunded liabilities for entitlement programs such
as Social Security and Medicare are estimated to be well over $100 trillion,
and nobody in the U.S. government seems to have any idea how we are actually
even going to come close to meeting all of those obligations.
#14 If you were alive when Christ was born and you spent
one million dollars every single day since that point, you still would not have
spent one trillion dollars by now.
#15 If the federal government began right at this moment
to repay the U.S. national debt at a rate of one dollar per second, it would
take over 440,000 years to pay off
the national debt.
Debt
Deal Yields More Debt: Dave's Daily at TheStreet ‘If the
founders could only see what's happening now they'd be disgusted and mighty
pissed off! This is hardly a market headline now is it? Well, you won't see it
anywhere else but my sense is most people are feeling as Father George would
feel right now. We did, or are getting, the debt ceiling relief everyone was
worried and fixated upon. We'll get a vote in the Congress after 6-7 PM EDT. On
the news of this last night, markets in Asia rallied. I was watching breathless
and excited Bloomberg anchors in Asia cheering markets. Markets opened higher
in the U.S. but quickly turned south as the important ISM Data missed consensus
forecasts badly (50.9 vs 54.6 expected). This shows the economy is still
contracting. The sell-off continued until we tagged the all-important 200 day
moving average in several sectors, and with conditions much oversold, we
rallied. The intraday DJIA sported a 280 point intraday
swing. Nobody is paying much attention to earnings news overall since the
focus is on debt and the economy. Gold fell, then rallied and fell again
modestly as nervousness remains high. The dollar rallied against the euro and
other currencies as the rubber band was stretched too far and Bucky was at
critical support. Commodities rallied early but then fell after ISM data pointed toward weak demand.
Bonds continued to rally despite ongoing debt and debt ceiling debate…’
Milbank:
Mourning the debt deal (Washington
Post) [ Ah, yes! Sweet Mr. Milbank. Friend to the Gipper and the new democratic
party. His pain is our pain. Let us join him in tears. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! The Daily Market Report
Aug 1st, 2011 PG ‘Relief? What Relief? http://www.usagold.com/cpmforum …Late
last night when party leaders and the President announced that they had reached
a bipartisan deal that would allow the debt ceiling to be raised, gold dropped
about 1%. Global stocks rallied in relief and briefly, ever so briefly, gold
was out of favor…CBO scores the package as accomplishing $2.1 trillion in
spending cuts over the next 10-years, the CBO baseline also has the deficit
rising $6.7 trillion over the same period. The premise apparently being that
we’re working our way to actual cutting by cutting to slow the pace of the
nation’s proliferate spending. In actuality — and as evidenced below — that CBO
baseline may prove to be way too optimistic. What really lit an intraday fire
under gold today was the big miss on US July ISM, which plunged to 50.9. The
market was expecting a modest downtick to 55.0 from 55.3 in June…’ The
Truth About The Debt Deal: It’s Pretty Much Meaningless Business
Insider/ Come on! Who believes their pre-election
year data, reports, b***s***? There’s desperation in the air and like never
before! One commentator, Peter Shiff, to Frank Motek of 1070am Bus.Report
references the sham in Washington; and regardless, points to default by way of
inflation, further stating that the debt ceiling’s already been breached by
borrowing. Moreover, he additionally states that default is inevitable by way
of inflation; that the fed will be buying the evermore worthless american paper
(bonds) and creating/printing evermore worthless american dollars; that there’s
been a quid pro quo with at least one of the 3 (S&P, Moody’s, Fitch)
federal licensed rating agencies, viz., of reaffirming the u.s. AAA rating in
return for no prosecution surrounding their role in the S&P AAA rated
worthless (fraudulent, mortgage-backed, derivative) paper securities (fraud)
giving rise to the previous leg of this continuing, ongoing debacle / crisis.
He finally goes on to recommend non-u.s., non-dollar denominated assets,
precious metals, and alternate currencies. This
is still a great opportunity to sell / take profits since there’s much, much
worse to come! Initial
unemployment claims rise
to 418000 - Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon / Tech up today? Absolute confirmation of
dire prospects worldwide since american tech is horrendous. Yet, sizzling
‘child’s play’ is the order of the day and credit still must be given to those
[ie., Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc
for word processing / data based records/forms/templates/data which I
interfaced with an electric typewriter for letter quality)] who could (as he)
identify such novelties as the biggest over-priced / over-valued sensations
since the hoola hoop (hoopla hoop - which were pretty cheap and with some minor
health benefits to boot).Take this run-up as a gift based on fraudulent wall
street b***s*** alone and take this opportunity to sell / take profits / ‘sell
today if you missed in may and then go away’! Nothing has been solved; maybe
forestalled. This is the umpteenth rally based upon the ‘solution’. The
ubiquitous problems make the notion of a ‘Gordian Knot’ a mere tinker toy in
comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. Maierhofer: ‘USA INCOME
STATEMENT:Total federal spending in 2010 amounted to $3.456
trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit
was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected
deficit of$1.6 trillion. …USA BALANCE SHEET:
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time.). IT'S
GOING TO HURT 'FOR LONG TIME TO COME' [ Says tiny tim geithner …
thanks for the heads up tiny tim ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell
Deal
risks compromising growth Debt-ceiling deal could avert a financial crisis
but would threaten to aggravate economic problems.
- Fiscal
analysts see deal as missed opportunity
- Debt
deal boosts Europe, Asia markets
- Stocks
sidestep relief over debt deal
- Krugman:
Debt deal will slow economy
- Sperling:
Default not headwind for markets
- Sen.
Conrad on market reaction to deal talks
(Washington Post) [ Wake up! The old days are irrevocably over! Market reaction? Who
cares should be their knowledgeable response. Reason? Though good for the stock
market, bad for the economy. Example: QE 1 & 2 – good for the stock market
but bad and far too costly for ‘main street’ and the economy. Another example:
If the massive trillion dollar wall street frauds were prosecuted and
disgorgement imposed, the market would indeed initially go down in manipulated
fashion; but , the economy (confidence, detererrent) would be helped (and
deficits lessened) thereby and ultimately go up on fundamentals. The stock
market’s disconnect from the economy and finance generally has been noted for
quite some time. What good for them, has not been and is not good for you.
Yeah, your 401k (if you have one) might gain an extra buck this year; but, your
pink slip will be in by the end of the same year, if your company’s still in
business. And to quote Boehner’s concern with ‘doing a deal before the Asian
markets open’, I would say, ‘If you’re that concerned, borrow less, spend less,
tax the top 1% more, engage in war less.’ That was preposterous!
Mapping
the Myths of the U.S. Economy - Stacy Curtin ‘In The Real State of America
Atlas: Mapping the Myths and Truths of the United States, authors Cynthia Enloe and Joni Seager paint a vivid
picture of life in the U.S., using a series of charts, graphics and short
essays that cover almost every aspect of the nation's economy and society as a
whole.
Not only do
they give state-by-state comparisons, they show how the U.S. measures up to the
rest of the world in areas such as health care, housing and defense. But while
analyzing what it's really like to live in the U.S. today, they also uncovered
a few "myths and truths" as the title of the book suggests.
Enloe and
Seager joined The Daily Ticker's Aaron Task to share three of the most
surprising misconceptions they uncovered.
#1 Land
of Homeowners
The dream of
owning a home is actually more the reality in other countries. In the book, the
authors point to the most recent data, which show only 68% of Americans owned
their home in 2002, compared with 92% in Hungry, 84% in Mexico, 72% in the U.K.
and 71% in Australia.
"One of
the things that is a cherished notion about America is we are a nation of
homeowners, and homeownership has long been seen as kind of the bedrock of the
American dream," says Seager. "I think the current economic crisis
and the housing crisis is really shaking that American cherished view of ourselves
as having easy access to homeownership."
This is
evident in another stat laid out in the book, which shows 83% of people agreed
that buying a home was a safe investment in 2003, compared with 70% in 2010. (See:
Why
I Am Never Going to Own a Home Again)
#2 Land
of Opportunity
Just like the
ideal of owning a home, opportunity in this country is now also on the brink.
"Opportunity
in this country means a chance for an education … [and] a chance for a decent
job that allows you to have a decent life," says Enloe, who points to two
key factors that hinder people making it here in America.
- The cost of a college education continues to
rise year after year.
- The unemployment rate remains high at 9.2%, but
it doesn't factor in the millions of "underemployed" workers --
those who are currently working part-time but would like full-time work --
and discouraged workers who have tired of looking for a job and have just
dropped out of the job market.
#3 Land of Givers
While the U.S. does give more money in foreign aid
than any other country in the world, as a percentage of GDP it falls way behind
many other nations.
Whereas Sweden gives almost 1% of its GDP in 2008,
the U.S. gave 0.19%.
"I think it really should shake Americans'
self-perception of two things," says Enloe. "[One] is cutting foreign
aid actually the ticket to balancing the budget, but also how do we shape up
compared to other countries' generosity?" ’
. My own direct
experience with the region(s) (particularly new jersey, new york, virginia,
connecticut, california) carves out no exception for the prevalence of the
worst of human nature; which is now collectively and pervasively americana. Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Ezra Klein:What
if it’s Democrats, not Republicans, who will prefer the trigger to a deal on
the debt ceiling. (Washington Post) [ What if your grandmother had wheels …
she’d be a trolley car of course! Let’s get real here. What does it matter? The
point is that such ‘triggers’ leave at least some wiggle room for the pols
while at the same time providing multiple spin scenarios; yet, while people
mentally masturbate over such nuances of ‘meaningless phenomenology’ also known
as beltway politics, the real question is, ‘does this solve the problem?’. My
unequivocal answer is, ‘no it does not!’ The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! The Daily Market Report
Aug 1st, 2011 PG ‘Relief? What Relief? http://www.usagold.com/cpmforum …Late
last night when party leaders and the President announced that they had reached
a bipartisan deal that would allow the debt ceiling to be raised, gold dropped
about 1%. Global stocks rallied in relief and briefly, ever so briefly, gold
was out of favor…CBO scores the package as accomplishing $2.1 trillion in
spending cuts over the next 10-years, the CBO baseline also has the deficit
rising $6.7 trillion over the same period. The premise apparently being that
we’re working our way to actual cutting by cutting to slow the pace of the
nation’s proliferate spending. In actuality — and as evidenced below — that CBO
baseline may prove to be way too optimistic. What really lit an intraday fire
under gold today was the big miss on US July ISM, which plunged to 50.9. The
market was expecting a modest downtick to 55.0 from 55.3 in June…’ The
Truth About The Debt Deal: It’s Pretty Much Meaningless Business
Insider/ Come on! Who believes their pre-election
year data, reports, b***s***? There’s desperation in the air and like never
before! One commentator, Peter Shiff, to Frank Motek of 1070am Bus.Report
references the sham in Washington; and regardless, points to default by way of
inflation, further stating that the debt ceiling’s already been breached by
borrowing. Moreover, he additionally states that default is inevitable by way
of inflation; that the fed will be buying the evermore worthless american paper
(bonds) and creating/printing evermore worthless american dollars; that there’s
been a quid pro quo with at least one of the 3 (S&P, Moody’s, Fitch)
federal licensed rating agencies, viz., of reaffirming the u.s. AAA rating in
return for no prosecution surrounding their role in the S&P AAA rated
worthless (fraudulent, mortgage-backed, derivative) paper securities (fraud)
giving rise to the previous leg of this continuing, ongoing debacle / crisis.
He finally goes on to recommend non-u.s., non-dollar denominated assets,
precious metals, and alternate currencies. This
is still a great opportunity to sell / take profits since there’s much, much
worse to come! Initial
unemployment claims rise
to 418000 - Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon / Tech up today? Absolute confirmation of
dire prospects worldwide since american tech is horrendous. Yet, sizzling
‘child’s play’ is the order of the day and credit still must be given to those
[ie., Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc
for word processing / data based records/forms/templates/data which I
interfaced with an electric typewriter for letter quality)] who could (as he)
identify such novelties as the biggest over-priced / over-valued sensations
since the hoola hoop (hoopla hoop - which were pretty cheap and with some minor
health benefits to boot).Take this run-up as a gift based on fraudulent wall
street b***s*** alone and take this opportunity to sell / take profits / ‘sell
today if you missed in may and then go away’! Nothing has been solved; maybe
forestalled. This is the umpteenth rally based upon the ‘solution’. The
ubiquitous problems make the notion of a ‘Gordian Knot’ a mere tinker toy in
comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. Maierhofer: ‘USA INCOME
STATEMENT:Total federal spending in 2010 amounted to $3.456
trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit
was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected
deficit of$1.6 trillion. …USA BALANCE SHEET:
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time.). IT'S
GOING TO HURT 'FOR LONG TIME TO COME' [ Says tiny tim geithner …
thanks for the heads up tiny tim ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell http://www.albertpeia.com/inflationcalculator.htm Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that
occurred the following year. I now see a similar confluence of events
that warns of phase II of the global crisis.
Once again I
see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.” Over
the past 33 years, we have called the start of every recession, often on the
exact month, or within one month, of the official start as determined one year
later by the official arbiter of recession, the National Bureau of Economic
Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious
“adjustment” as well.
On July 18,
Goldman Sachs (GS)
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts. The next step will be for them to substantially
reduce earnings forecasts for the S&P 500.
Will the phase
II be as bad as the 2008 crisis? The last crisis was confined to the private
sector, i.e. financial institutions. The next one will be involve the
threatened default of entire countries. The last time, the central banks bailed
out the financial firms and even Warren Buffett bailed out several firms. Who
is big enough to bail out entire countries? Or will the term of “too big to
fail” turn to “too big to bail?”…’
Top 3
Reasons Markets Were Down on Debt Deal and a Weak Manufacturing Report Wall
St. Cheat Sheet ‘August 1, 2011, Markets closed down on Wall Street today: Dow -0.09%
, S&P -0.41% , Nasdaq -0.43% , Oil -0.50% , Gold -0.57 % .
On the
commodities front, Oil fell to $95.22. Precious metals also fell, with Gold
down to $1,621.90 an ounce and Silver down 1.85% to $39.37 an ounce.
Don’t Miss:
The
U.S. Debt Deal: Your Cheat Sheet to the Framework.
Today’s
markets were down because:
1) DEBT
CEILING. Last night President Obama announced that negotiators from both
parties and both chambers of Congress had reached
a compromise on a debt proposal. But as leaders try to sell the deal to
their peers, it’s looking like it might be a close vote. The House is currently
hearing from both the bill’s supporters and its opposition, which comes in the
form of both liberal and conservative representatives. Polls showed that most
Americans wanted a deal that placed some of the burden of balancing the budget
on taxes, if only on the wealthy, rather than focusing solely on spending cuts
as the deal does. All of that leads to a less than optimistic turnout at the
markets despite what should have been a huge sigh of relief.
2 )
MANUFACTURING. While news of a likely debt ceiling solution might have given
markets a boost in the absence of any truly negative data, we’ll never know, as
the ISM Manufacturing Report released before the markets opened
today showed that growth in the sector slowed to a snail’s pace in July, not
just in the U.S. but globally.
3) HEALTHCARE.
Taking a huge beating today were healthcare stocks, down on fears that cuts to
Medicare would reduce revenue for everything from drug companies like Pfizer to
healthcare providers like Humana . Healthcare stocks were down across the
board, despite many positive earnings reports last week. Keep your eye on these
top healthcare stocks as the debt deal unfolds: Johnson & Johnson , Pfizer
Inc. , Bristol Myers Squibb Co. , GlaxoSmithKline plc , Sanofi-Aventis SA , Eli
Lilly & Co. , Abbott Laboratories , Teva Pharmaceutical Industries Ltd ,
and Novartis AG …’
Debt
Deal Yields More Debt: Dave's Daily at TheStreet ‘If the
founders could only see what's happening now they'd be disgusted and mighty
pissed off! This is hardly a market headline now is it? Well, you won't see it
anywhere else but my sense is most people are feeling as Father George would
feel right now. We did, or are getting, the debt ceiling relief everyone was
worried and fixated upon. We'll get a vote in the Congress after 6-7 PM EDT. On
the news of this last night, markets in Asia rallied. I was watching breathless
and excited Bloomberg anchors in Asia cheering markets. Markets opened higher
in the U.S. but quickly turned south as the important ISM Data missed consensus
forecasts badly (50.9 vs 54.6 expected). This shows the economy is still
contracting. The sell-off continued until we tagged the all-important 200 day
moving average in several sectors, and with conditions much oversold, we
rallied. The intraday DJIA sported a 280 point intraday
swing. Nobody is paying much attention to earnings news overall since the
focus is on debt and the economy. Gold fell, then rallied and fell again
modestly as nervousness remains high. The dollar rallied against the euro and other
currencies as the rubber band was stretched too far and Bucky was at critical
support. Commodities rallied early but then fell after ISM data pointed toward weak demand.
Bonds continued to rally despite ongoing debt and debt ceiling debate…’
Mapping
the Myths of the U.S. Economy - Stacy Curtin ‘In The Real State of America
Atlas: Mapping the Myths and Truths of the United States, authors Cynthia Enloe and Joni Seager paint a vivid
picture of life in the U.S., using a series of charts, graphics and short
essays that cover almost every aspect of the nation's economy and society as a
whole.
Not only do
they give state-by-state comparisons, they show how the U.S. measures up to the
rest of the world in areas such as health care, housing and defense. But while
analyzing what it's really like to live in the U.S. today, they also uncovered
a few "myths and truths" as the title of the book suggests.
Enloe and
Seager joined The Daily Ticker's Aaron Task to share three of the most
surprising misconceptions they uncovered.
#1 Land
of Homeowners
The dream of
owning a home is actually more the reality in other countries. In the book, the
authors point to the most recent data, which show only 68% of Americans owned
their home in 2002, compared with 92% in Hungry, 84% in Mexico, 72% in the U.K.
and 71% in Australia.
"One of
the things that is a cherished notion about America is we are a nation of
homeowners, and homeownership has long been seen as kind of the bedrock of the
American dream," says Seager. "I think the current economic crisis
and the housing crisis is really shaking that American cherished view of
ourselves as having easy access to homeownership."
This is
evident in another stat laid out in the book, which shows 83% of people agreed
that buying a home was a safe investment in 2003, compared with 70% in 2010. (See:
Why
I Am Never Going to Own a Home Again)
#2 Land
of Opportunity
Just like the
ideal of owning a home, opportunity in this country is now also on the brink.
"Opportunity
in this country means a chance for an education … [and] a chance for a decent
job that allows you to have a decent life," says Enloe, who points to two
key factors that hinder people making it here in America.
- The cost of a college education continues to
rise year after year.
- The unemployment rate remains high at 9.2%, but
it doesn't factor in the millions of "underemployed" workers --
those who are currently working part-time but would like full-time work --
and discouraged workers who have tired of looking for a job and have just
dropped out of the job market.
#3 Land of Givers
While the U.S. does give more money in foreign aid
than any other country in the world, as a percentage of GDP it falls way behind
many other nations.
Whereas Sweden gives almost 1% of its GDP in 2008,
the U.S. gave 0.19%.
"I think it really should shake Americans'
self-perception of two things," says Enloe. "[One] is cutting foreign
aid actually the ticket to balancing the budget, but also how do we shape up
compared to other countries' generosity?" ’
Debt
Deal Is A Blank Check at Forbes
U.S.
Economic Pessimism Grows - Stacy Curtin ‘While Democrats and Republicans were
arguing over how to prevent the U.S. from a default, families across the
country have become increasingly concerned about the overall state of the economy,
according to the American
Enterprise Institute's latest compilation of recent polls taken in various
regions.
Friday's worse
than expected GDP numbers only reaffirm this notion. The U.S. economy grew less
than expected in the second quarter at 1.3%, but the bigger shock came after Q1
GDP was revised down to 0.4% from 1.9%. These numbers suggest the country could
be headed for another recession and Americans are definitely feeling the pain.
(See: 2011
Is Proving to Be a Horrible Year For the Economy)
One of the
most disconcerting findings in the AEI report is a CBS/New York Times poll from
June. It showed that over the last year, more Americans have come to believe
the current economic downturn is part of a long-term permanent decline and that
the economy will never fully recover. In October 2010, 28% of respondents
agreed with that statement, versus 39% last month.
"Americans
are so pessimistic about the economy now ... . And the level of public
pessimism is actually higher than the deep 1981-82 recession overall," due
to grim personal outlooks on a number of issues like jobs, retirement and
health care, says Karlyn Bowman, a
senior fellow at AEI who co-authored the report. "Their negative
sentiments are affecting the way they feel about their family's future, and
interestingly, the way they feel about their state governments. Usually
negative attitudes about the national government don't seep into attitudes
about the state government, but this time it is really different. This
negative, gloomy mood is pervasive.
Speaker of the
House John Boehner echoed these concerns Thursday before one of the many failed
House votes to raise the country's debt ceiling. "This is a challenging
time for our country," he said. "Americans are worried about their
jobs. They're worried about our economy. And they're worried about our
debt."
Since the
polls in the report were conducted before the debt-ceiling debate really began
heating up over the last few weeks, one might conclude that if the same
questions were asked today the responses would be even more pessimistic.
Here are other
key findings from the AEI report:
Job
anxiety: In the past six
months, about 5% of Americans surveyed had lost their job, two in 10 said a
family member had lost a job, and six in 10 knew someone who lost a job.
In June 2011,
58 percent were very or somewhat worried they could lose a job in the next 12
months. Nearly eight in 10 say jobs are difficult to find where they live.
Around a quarter are worried about benefit or pay cuts.
Cutting
back: Americans are cutting
back on everything from health care to haircuts. Fewer than four in 10 say
their personal financial situation is in excellent or good shape right now.
Almost as many people say they are falling behind as believe they are getting
ahead, but the vast majority describe their financial situation as having just
enough money to maintain their standard of living. Inflation worries are high
and steady.
Retirement: There's been a dramatic drop in the number of
Americans who say they have enough money to retire. In 2002, around six in 10 believed
they would have enough money. In the latest survey by Gallup in April, only
about four in 10 say they will.’
10
Reasons We Are Heading for a Recession
The Daily Market Report
Aug 1st, 2011 12:01 by PG
Relief? What Relief? http://www.usagold.com/cpmforum
Late last night when party leaders and the President announced that
they had reached a bipartisan deal that would allow the debt ceiling to be
raised, gold dropped about 1%. Global stocks rallied in relief and briefly,
ever so briefly, gold was out of favor. However, as the details were revealed,
doubts were reignited: Doubts as to whether such legislation could actually
make it to the President’s desk. Doubts that the deal would avert a downgrade
of US sovereign debt.While the CBO scores the package as accomplishing $2.1
trillion in spending cuts over the next 10-years, the CBO baseline also has the
deficit rising $6.7 trillion over the same period. The premise apparently being
that we’re working our way to actual cutting by cutting to slow the pace of the
nation’s proliferate spending. In actuality — and as evidenced below — that CBO
baseline may prove to be way too optimistic.What really lit an intraday fire
under gold today was the big miss on US July ISM, which plunged to 50.9. The
market was expecting a modest downtick to 55.0 from 55.3 in June. On the heals
of last week’s much weaker than expected quarterly GDP data, it has become
abundantly apparent that the US economy has slowed to just above stall-speed.
David Rosenberg, chief economist at Gluskin Sheff and Associates, noted last
week that once the economy slows to a growth rate of 1.6% it has proven
historically to be a “point of no return” and recession follows. With Q1
downgraded to just 0.36% and Q2 an anemic 1.3% — and likely subject to future
negative revision as well — the writing may well be on the wall.The debt deal
is a short-term kick of the can that at least initially focuses on spending cuts.
However, with no mitigation of the uncertainties that have kept private capital
sidelined for the past two-years of the so-called recovery, there is little
reason to think that a more robust economy is just around the corner. In fact,
the opposite may be true. That realization, tipped in by the ISM data, has
further escalated the QE3 talk, which prompted gold to retest the record high
set Friday at 1632.39. Relief? What relief?If we get another negative surprise
on Friday when July nonfarm payrolls comes out, as the ISM employment index
suggests we might, the QE3 talk will intensify ever more in the weeks ahead of
the Fed’s Jackson Hole summit. Consensus on July payrolls are running around
+100k, although we could see some tempering of those expectations in light of
the ISM data.Even with the announcement of the debt ceiling deal, the dollar
remains on the ropes, falling to new record lows against the Swiss franc and
the yen. If this deal
makes it through both Houses of Congress and is signed by the President, it is
just another kick of the can — and a very short one at that — down the road.
And with the specter of yet another round of quantitative easing hanging over
the market, there is little incentive to buy dollars. Now the BoJ is once again
contemplating direct intervention in the market, as I suspect the SNB is. If
there are concerted efforts to slow the rise of these currencies, it may make
gold an even more alluring option.’
[video]
ISM Sparks Selling at TheStreet.com
Poor
Manufacturing Report Knocks Stock ETFs ETF Trends
Minyanville's
T3 Daily Recap: Dow Swings 284 Points Despite Debt Deal at
Minyanville
Mid
Cap Selloff: Does it Signal the End of the Bull Market? at The Wall
Street Journal ‘ “This is the
end of the run,” says Peter Boockvar, an equity strategist at Miller Tabak +
Co. in New York.’
NY Fed’s gold
hoard worth $350 billion AFP | The biggest single pile of
gold on the planet lies beneath the New York branch of the US Federal Reserve
Bank.
Bulldoze: The New
Way To Foreclose TIME | Banks have a new remedy to
America’s ailing housing market: Bulldozers.
The
Truth About The Debt Deal: It’s Pretty Much Meaningless Business
Insider | The debt deal actually cuts almost nothing now–it just
promises future cuts.
Soaring
demand spotlights secret NY gold hoard AFP | Gold prices hit a record
$1,632.8 an ounce Friday.
Ron
Paul: Freeze the Budget and Stop Plundering the American People! Ron Paul |
Texas Straight Talk.
Now We
Return To The REAL Crisis In The World Business Insider | Real problems.
China’s
Answer To Inflation: SkyNet – Foxconn Plans To Replace Workers With Millions Of
Robots Zero Hedge | SkyNet has taken over the market.
Senate
blocks House Republicans’ debt plan House GOP leaders won narrow
approval of a plan to raise the federal debt limit Friday after revising
the measure to appeal to rebellious conservatives, but it was quickly rejected
by the Senate, where lawmakers were pursuing a separate, bipartisan agreement.
(Washington Post) [Maierhofer: ‘USA INCOME STATEMENT:Total federal spending
in 2010 amounted to $3.456 trillion. Total receipts added up to $2.162
trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget
is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for
unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion,
PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while
other estimates exceed $100 trillion (these amounts are insurmountable) …’ Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time.). America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
U.S.
economy slows sharply Cutbacks by state and local governments helped
restrict economic growth to anemic levels. (Washington Post) [ See! All that
money into ultimately wall street’s pockets at taxpapayer expense did work …
for the frauds on wall street … Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator infra – and
that’s just the government (inflation) numbers … reality is much worse!}
Meanwhile, the frauds on wall street are churnin’ and earnin’ like never before
at lightning computerized speeds enabling the high-frequency trades that are
commissioned in unprecedented large volumes; a big net negative in real
economic terms.] While
Washington Fiddled The Economy Burned at Forbes [ Oh come on! Let’s
get real here! The economy was already burning (see infra), Washington
notwithstanding! Indeed, the frauds on wall street with those contraindicated
paper stock computer programmed commissioned churn-and-earn rallies would love
for you to think it’s Washington only {that aw shucks, coulda’ been clear
sailin’ otherwise moment; but the reality is that things are far more dire
financially and economically than their window-dressed scams would indicate,
though washington’s no help, incompetent, unknowledgeable, and ineffectual as
they are (although fraudulent wall street, aside from their consummate
scammin’, is little better and probably overly relied upon and light in those
very areas one would expect to find profiency; viz., finance and economics.)
Most importantly, realize that if wobama’s actions had not belied his
words/campaign promises, the nation’s position, though still ominous, would
have been substantially improved.} ]
Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
http://www.albertpeia.com/inflationcalculator.htm Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that
occurred the following year. I now see a similar confluence of events
that warns of phase II of the global crisis.
Once again I
see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on
the exact month, or within one month, of the official start as determined one
year later by the official arbiter of recession, the National Bureau of
Economic Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious
“adjustment” as well.
On July 18,
Goldman Sachs (GS)
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts. The next step will be for them to substantially
reduce earnings forecasts for the S&P 500.
Will the phase
II be as bad as the 2008 crisis? The last crisis was confined to the private
sector, i.e. financial institutions. The next one will be involve the
threatened default of entire countries. The last time, the central banks bailed
out the financial firms and even Warren Buffett bailed out several firms. Who
is big enough to bail out entire countries? Or will the term of “too big to
fail” turn to “too big to bail?”…’
Stocks
post worst week in one year Concerns over the stalled debt talks in
Washington finally take a noticeable toll on the markets. (Washington Post) [The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! Come on! Who believes their
pre-election year data, reports, b***s***? There’s desperation in the air and
like never before! One commentator, Peter Shiff, to Frank Motek of 1070am
Bus.Report references the sham in Washington; and regardless, points to default
by way of inflation, further stating that the debt ceiling’s already been
breached by borrowing. Moreover, he additionally states that default is
inevitable by way of inflation; that the fed will be buying the evermore
worthless american paper (bonds) and creating/printing evermore worthless
american dollars; that there’s been a quid pro quo with at least one of the 3
(S&P, Moody’s, Fitch) federal licensed rating agencies, viz., of
reaffirming the u.s. AAA rating in return for no prosecution surrounding their
role in the S&P AAA rated worthless (fraudulent, mortgage-backed,
derivative) paper securities (fraud) giving rise to the previous leg of this
continuing, ongoing debacle / crisis. He finally goes on to recommend non-u.s.,
non-dollar denominated assets, precious metals, and alternate currencies. This
is still a great opportunity to sell / take profits since there’s much, much
worse to come! Initial
unemployment claims rise
to 418000 - Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator infra – and
that’s just the government (inflation) numbers … reality is much worse!}
Meanwhile, the frauds on wall street are churnin’ and earnin’ like never before
at lightning computerized speeds enabling the high-frequency trades that are
commissioned in unprecedented large volumes; a big net negative in real
economic terms.] While
Washington Fiddled The Economy Burned at Forbes [ Oh come on! Let’s
get real here! The economy was already burning (see infra), Washington
notwithstanding! Indeed, the frauds on wall street with those contraindicated
paper stock computer programmed commissioned churn-and-earn rallies would love
for you to think it’s Washington only {that aw shucks, coulda’ been clear
sailin’ otherwise moment; but the reality is that things are far more dire
financially and economically than their window-dressed scams would indicate,
though washington’s no help, incompetent, unknowledgeable, and ineffectual as
they are (although fraudulent wall street, aside from their consummate
scammin’, is little better and probably overly relied upon and light in those
very areas one would expect to find profiency; viz., finance and economics.)
Most importantly, realize that if wobama’s actions had not belied his
words/campaign promises, the nation’s position, though still ominous, would
have been substantially improved.} ] Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
National / World
Super Congress To Target Second Amendment Paul
Joseph Watson & Alex Jones | Unconstitutional body created by debt deal to
get “even greater super powers”.
Vice-President Biden Labels Tea Party “Terrorists” Politico
| “They have acted like terrorists,” said Biden.
Putin says U.S. is a “parasite” on global economy Reuters
| “They are living like parasites off the global economy and their monopoly of
the dollar.”
Alex G: The Revolution Will Be Televised Paul
Joseph Watson | Interview with On The Edge host Alex G.
German Authorities Reject “Useless” Radiation Body
Scanners Steve Watson | Report suggests bad posture sets off alarm,
leads to grope down.
The Truth About The Debt Deal: It’s Pretty Much
Meaningless Business Insider | The debt deal actually cuts almost
nothing now–it just promises future cuts that may or may not materialize.
Debt deal agreed but may not save US AAA credit rating London
Guardian | America has moved away from the brink of a catastrophic default
after a deal was reached overnight to raise its debt ceiling.
Will the Ceiling Fall In? Disastrous Outcomes From an
Orchestrated Crisis Dr Paul Craig Roberts | Republicans have created
a totally unnecessary crisis and turned it into compelling political theater.
Infowars Special Report With Mike Adams & Richard
Mack Prison Planet.tv | Special video report for Prison Planet.tv
subscribers concentrating on cloning, GMO and the unfolding police state.
UK Police Tells Public To Report Anti-Government Beliefs
As Terrorism Paul Joseph Watson | Briefing conflates dissent against
the state with Al-Qaeda.
Government Mandates “Free Birth Control” Kurt
Nimmo | Nothing is free, especially when it is mandated by government.
German Authorities Reject “Useless” Radiation Body
Scanners Steve Watson | Report suggests bad posture sets off alarm,
leads to grope down.
Infowars Special Report With Mike Adams & Richard
Mack Prison Planet.tv | Special video report for Prison Planet.tv
subscribers concentrating on cloning, GMO and the unfolding police state.
Obama
Launches Gun Grab TheAlexJonesChannel | This
mandate by the ATF– imposed without law via executive policy– clearly
conditions the public that gun purchase is criminal.
Alex G: The Revolution Will Be Televised Paul
Joseph Watson | Interview with On The Edge host Alex G.
Norwegian PM to Rival Political Parties: Don’t Speak Out
On Immigration Kurt Nimmo | Suspiciously timed
terror event shuts down political debate on immigration in Norway.
Raising the Debt Ceiling Avoids the Spending Addiction Sartre
| The latest example of political hyperbole is that the U.S. Treasury is ready
to default on its debt.
U.S.
review finds Iraq more dangerousSpecial inspector general cites increased
attacks on U.S. troops and a wave of assassinations. (Washington Post) [ You
mean they’re not showing their love? Who woulda’ thunk it? After all, the u.s.
has destroyed their country, killed many innocent women and children, filled
the land with depeted uranium, etc., all based on a lie … How ungrateful. See,
when america’s involved, ‘no bad deed goes punished’! Oh, riiiiight, almost …
as corrected by the ‘u.s. ministry of propaganda’, ‘no good deed goes
unpunished’. Sounds like a plan! One of those pervasively corrupt, defacto
bankrupt american plans … riiiiight! Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
..bush prepared to invade Iraq in 2002..likely cost would be $60 billion, said
Mitch Daniels of the OMB..finance the war with Iraqi oil,said Wolfowitz..the
cost of the Iraq War? It has passed $1 trillion..’, etc.. .). America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc.,
are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Treasury
prepares contingency plans Agency is making tough calculations as it plans
to keep the government operating in case of default. (Washington Post) [ Oooh!
Sounds like a plan! Yet, given the nation’s defacto bankruptcy, insurmountable
debt (and importantly, lack of will to change the plunge into the abyss), and
defacto default, one can only wonder whether ‘such dogs as these’ still hunt. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. Maierhofer: ‘USA INCOME
STATEMENT:Total federal spending in 2010 amounted to $3.456
trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit
was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected
deficit of$1.6 trillion. …USA BALANCE SHEET:
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ IT'S
GOING TO HURT 'FOR LONG TIME TO COME' [ Says tiny tim geithner …
thanks for the heads up tiny tim ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed! Come on! Who believes their pre-election year data, reports,
b***s***? There’s desperation in the air and like never before! One
commentator, Peter Shiff, to Frank Motek of 1070am Bus.Report references the
sham in Washington; and regardless, points to default by way of inflation,
further stating that the debt ceiling’s already been breached by borrowing.
Moreover, he additionally states that default is inevitable by way of
inflation; that the fed will be buying the evermore worthless american paper
(bonds) and creating/printing evermore worthless american dollars; that there’s
been a quid pro quo with at least one of the 3 (S&P, Moody’s, Fitch)
federal licensed rating agencies, viz., of reaffirming the u.s. AAA rating in
return for no prosecution surrounding their role in the S&P AAA rated worthless
(fraudulent, mortgage-backed, derivative) paper securities (fraud) giving rise
to the previous leg of this continuing, ongoing debacle / crisis. He finally
goes on to recommend non-u.s., non-dollar denominated assets, precious metals,
and alternate currencies. This is still a great
opportunity to sell / take profits since there’s much, much worse to come! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon
Will:
Declaration of independents (Washington Post) [ Wow! Praxeology and more completely: The Formal and Aprioristic Character of Praxeology. Are you sure you didn’t mean ‘Proctology’. You know, all those thumbs
and all in washington. I wish I could say I’m impressed; but clearly, I’m not.
I think focus should be on the more simple if not simplistic thought processes.
You know, positives / negatives, pluses / minuses, and simple dichotomies as
good / bad, etc.; at least for a start, to match mental ability/capacity, and
yet encompass virtually all problems confronting the nation; viz., ie., war /
peace, solvency / insolvency, lawful / unlawful, fair / unfair, what’s good /
what’s bad, etc.. Yeah, think binary; or, stated another way, ‘keep it simple
stupids’, that kiss (i) sing approach ‘for luck and we’re on our way’ ‘cause
we’ve only just begun (the song). ‘What
would Jesus cut?’ (Washington Post) [ Don’t bring Jesus into this! After
all, he’d probably already have been nailed to some cross somewhere in this
pro-israel nouveau new world order ‘roman empire’ at the behest of some nwo
neo-con israeli shill.] A
summer camp for atheists [Camp as in camping?]Welcome to Camp Quest, the
freethinkers’ answer to Bible school, where belief means different things. [ I previously weighed in / wrote: Why
do Americans still dislike atheists? (Washington Post) [ And
not just americans … Why? First and foremost because there is a God. Second, it
is intellectually dishonest to be an atheist. Specifically, there is absolutely
no evidence to dispute the existence of God. While one might similarly argue
that there is no evidence to suggest there is a God (which I would dispute),
which for most is a fair statement, the same would yield at best, if
intellectually honest, the position of ‘agnostic’. I can totally understand and
even empathize with the view of the agnostic. After all, at this point, there
seems to be ‘no rhyme nor reason’ at all. But, think binary, positives /
negatives. Just too many negatives. Think ‘capital punishment’. No, the world’s
not going to end in 2012 as some fear. Rather, think slow burn; decades at
best; then ‘poof’. In the scheme of things, this world’s just not that
important (apes,
notochordates, and initially single celled organisms). ] Science
and religion: God didn't make man; man made gods http://discussions.latimes.com/20/lanews/la-oe-thompson-atheism-20110718/10
Among the songs I have chord charts for (courtesy of my guitar instructor), I
know the words to the song. I’m all for peace because it’s rational. ‘No
possessions’, John Lennon didn’t give up one. He even was pro-Reagan
politically. Have you taken a really close look at this world today and what
man’s created, ‘mr. and mrs. pro-science and reason’. You obviously take
delight in speaking about a subject far beyond your own capacity to truly
understand; and then your non-sequitor, unprovable conclusions. Quite simply,
the authors of this article are pathetic and merely seem to be looking
desperately for an audience; a niche where really profound truth gives way as
does form over substance. Once again, you are pathetic! Harold
Camping reaffirms October date for the end of the world, says May 21 date was
'invisible judgment day' (The Washington Post) [ I comment here not owing
to the importance of the latest ‘prediction’ by camping who’s probably ‘been
camping’ too long in the nether reaches of the atmosphere (affects the brain,
‘neural firing’ in a negative fashion); but to allay public concerns, and
particularly for those suffering from generalized anxiety disorder, to subtract
one life circumstance from their unrealistic worry; and, because I had
previously commented as set forth infra. No! The world will not be ending on
October 21, 2011 or any other date as set forth by camping. Indeed, God needs
no mathematics, formulae, or codes to surreptitiously convey the end; his hand
ultimately unmistakably known to all. You’ll know it when you see it. As for
camping, let’s play umpires and predict the future; strike three, he’s out. Harold
Camping: the heart of the doomsday frenzy
(Los Angeles Times) The last-minute
rapture reading list (Los Angeles Times) [Drudgereport: Preacher made same prediction
in 1994... Doomsday church thriving,
worth $72 million... [Previous:
‘End
of Days’ message rolls into D.C.
(Washington Post) The
potentially rotten news that the world will end on May 21 arrived plastered on
a caravan of RVs. [ Gee … little premature … you know, that 2012, end of Mayan
calendar, Nostradamus thing … ]
Happy
birthday, Mr. President GALLERY | Dana Milbank imagines the cards Congress
will send on Aug. 4 to celebrate Obama’s 50th.
(Washington Post) [ Yeah … beyond the overwhelming predominance of hate
mail, I too conjure up an image celebratory of wobama’s 50th with
Mr. Milbank, dressed in drag, with blond wig, pronouncedly darkened mole on
cheek, and in a soft, raspy but sultry, sexy voice singing ‘happy birthday Mr.
President’. I mean, come on … we all know somethin’s goin’ on between them …
you know, kind of a love affair for the ages … Riiiiight! Milbank:
Dealing with the Default Caucus (Washington Post) [ I just love ‘wobama the b’ (for b***s***)
apologist in chief, Mr. Milbank. He’s so egalitarian; surprising all by his
colloquial reference to whom one might otherwise consider to be his political
polar opposite, and even political nemesis in the persona of Ronald Reagan, so
tritely referred to by Mr. Milbank as ‘The Gipper’ in whom Mr. Milbank posits
the inspiration, ‘heart and soul’, of ‘the new democratic party’. What total
b***s***! How about everyone, including Mr. Milbank, realizing the dire
predicament facing the nation owing to a now familiar political strategy of
‘kicking the can’ down the road a piece till the problem (insolvency of the
nation) has as now become insurmountable and hence, unsolvable. That’s where
we’re at now! .
Drudgereport:
HARRY
BELAFONTE: Obama 'has failed'...
NOONAN:
'HE IS A LOSER'...
GALLUP:
40% APPROVAL...
Obama
takes debt battle to TWITTER, loses more than 33,000 followers...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
TEMPLETON
chairman: Financial Crisis 'Around Corner'...
'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job...
GALLUP
SHOCK: 'REPUBLICAN' BEATS OBAMA BY 8%
APPROVE:
42%
Return
of Mass Layoffs a Grim Sign...
Dollar
falls to all-time low against Swiss franc...
Obama Threatens Another Veto...
Just
hours after urging compromise...
Carney
Admits Obama Has No Plan...
BALL
IN YOUR COURT, HARRY[, aka Mr. Milktoast, aka Majority Leader of Harry’s Wh*r*
House]!
NO!
22 REPUBLICANS BUCKED BOEHNER...
DC
racing against clock...
Milbank:
Congress is now middle school ‘Anew
Washington
Post-ABC News poll finds that 80 percent of Americans are dissatisfied with
the way the federal government is working. Such a finding leads to an inevitable
conclusion: The other 20 percent aren’t paying attention … Ah, sweet Mr.
Milbank. Who said he gets things wrong? Middle school? From Gipper (I always
hated that trite reference to Reagan – and again, let me reiterate that though
I liked Reagan as a very likeable guy, the last real american leader /
president was the underrated but great President General Eisenhower who warned
of the current debacle called america in the sense of admonishing of the danger
inherent to the now entrenched ‘military industrio-inferiority complex’) to
graduation, perma-wobama apologist Mr. Milbank has come a long way; but, a pile
of b***s*** in the form of ‘wobama the b’ stands intractably in his way, no
matter what. Because … ? You can’t change what lamentably wobama is and has proven himself to be. If only he
had done what he promised he would do (those false campaign promises which got
him elected). But alas, as in the moral of the story of the ‘scorpion and the
frog’, you cannot change the nature of that cowardly, failed ‘president’ called
‘wobama the b’. (Washington Post) [The
new party of Reagan The Gipper helps make the case for Democrats.
(Washington Post) [ ‘Well there you go again’ quoting the ‘Gipper’, off the
deep end as one might expect from wobama apologist Mr. Milbank (he’s somewhat
of a lemming himself). After all, how different really are the parties these
days when profligate spending on illegal, unnecessary wars was continued when
democrats controlled congress, and then even the executive office when
continuing failed president and war criminal dumbya bush’s nation bankrupting,
nation destroying war policies, protection for unprecedentedly huge wall street
frauds, bush tax cut extensions for the wealthy, and then some (spending on top
of it). Preposterous! Especially since Reagan’s most significant achievement
was his rational approach toward Russia (with of course the substantial help of
the astute Gorbachev) toward the ameliorative goal of peace and consequent
peace dividend which enabled a ‘smooth-sailing’ though undeserved tenure for
ultimately clinton (cia man ‘poppy the sailor man’ bush was already working on
stirring up war / military industrial complex matters in the Mideast – that
April Glaspie/cia/Iraq/Kuwait communiqué to sadam and the consequent debacle,
etc.).
SHARE
YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
ATF Chief Melson:Justice
Department trying to shield officials (LATimes) Serrano
I believe him!
I truly empathize with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real, complicit cover-up / fraud on the part of the federal government, et als:
October 15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).
The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as fbicorrespondencereyes.htm . With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth in the case, inter alia,
- A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
- Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
- Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
- Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
- Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being 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. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Sincerely
and Regards,
Al
Peia
Drudgereport:
TEMPLETON
chairman: Financial Crisis 'Around Corner'...
'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job...
GALLUP
SHOCK: 'REPUBLICAN' BEATS OBAMA BY 8%
APPROVE:
42%
Return
of Mass Layoffs a Grim Sign...
Dollar
falls to all-time low against Swiss franc...
PUTIN:
USA 'parasite' on global economy...
[Unfortunately, this is very true. More unfortunately is the fact that most
worldwide don’t realize that fact! I mean, think about it: pervasively corrupt,
defacto bankrupt america’s cancerous
perma wars, over-printed debased ‘Weimar’ paper ‘reserve’ currency, huge
frauds in securities and otherwise, etc..
]
House
approves debt deal -- day before deadline!
Borrowing
to surge after cap raised...
May
not save AAA rating...
BIDEN
[‘Lobotomy Joe’]CALLS TEA PARTY 'TERRORISTS'[ Riiiiight, ‘Lobotomy
Joe’; anything you say joe, now calm down… ]
Manufacturing
drops to lowest level in two years...
'Double
Dip Here'...
RI
Town Files for Bankruptcy...
Dog
Airlifted Out of National Forest After Growing Too Tired to Finish Hike...
[ Just another dog day afternoon in pervasively corrupt, defacto bankrupt
america. ]
SURVEY:
Internet Explorer users have lower IQs...
Obama Threatens Another Veto...
Just
hours after urging compromise...
Carney
Admits Obama Has No Plan...
BALL
IN YOUR COURT, HARRY[, aka Mr. Milktoast, aka Majority Leader of Harry’s Wh*r*
House]!
SWEAT
CEILING: House approves debt bill...
NO!
22 REPUBLICANS BUCKED BOEHNER...
DC
racing against clock...
HARRY
BELAFONTE: Obama 'has failed'...
NOONAN:
'HE IS A LOSER'...
GALLUP:
40% APPROVAL...
Obama
takes debt battle to TWITTER, loses more than 33,000 followers...
NYT
reporter advises WH staff?
Illegal
Aliens Head South to Mexico in Search of 'American Dream'...
4.9%
unemployment in Mexico vs. 9.4% in US...
Black
Middle Class Eroding As Unemployment Rate Soars...
CHAOS...
CLOCK
TICKING... NO
PANIC...
THE
VOTE: 'TEA PARTY' IN CHARGE!
Boehner
Delays Vote on Debt...
Limbaugh:
We've Been Played...
GALLUP:
Obama Rates Higher Than Boehner, Reid on Debt Situation!
Ron
Paul: 'Default Is Coming'...
Treasury
Contingency Plan on Debt Gives Priority to Bondholders...
Carney: If
We Have No Other Alternative We Will 'Take Action'...
Obama
faces legal bind if time runs out...
PELOSI:
'We're Trying to Save Life on Planet as We Know it'… [ Riiiiight! Keep feeding
those perma wars despite bankruptcy of this nation … Is life as she knows it on
this planet really death? … Why does ‘doo,doo,doo,doo’ to the tune of Twilight
Zone Theme come to mind when hearing her total b***s***?…Oh, riiiiight! She’s
caught wobamanoid fever ] ...
6
days from 'default', both sides scrambling...
FURY
OVER STALEMATE BOILS OVER...
House Dem leader urges Obama to raise debt ceiling without Congressional
approval...
SHOCK
POLL: 46% Think Most in Congress Corrupt...
WASHPOST/ABC:
Blacks, liberals flee in droves...
SANDERS:
Obama should face primary challenger...
The
Immelt Way: WH Advisor on Jobs Moving GE X-Ray Business to China...
OBAMA SECRETLY SIGNALS BANKS: 'NO DEFAULT'...
WH
to FOXNEWS: 'Tell your viewers there's nothing to worry about'...
BORGER:
'Nobody today is talking about tax increases -- except Barack Obama'...
TWT:
Liberals hijacking Reagan to raise taxes...
PANIC:
WH'S PFEIFFER SAYS DEFAULT COULD LEAD TO 'DEPRESSION'...
CA
seeks bridge loan to pay bills...
Guv
OKs financial aid for illegal aliens...
Brazilian
currency at highest level since '99...
USA
Can Avoid Default 'at Least Until September'...
Obama
still pushing for tax hikes...
Endorses
New Plan with 'Sham' Savings...
'Cuts'
include money not spent in Afghanistan over next 10 years...
BOEHNER:
Plan 'full of gimmicks'...
'DOING
THINGS ON MY OWN VERY TEMPTING' [Why would anyone believe or follow
anything ‘wobama the b’ (for b***s***) says when his actions belying his words
have led to this disaster? Hasn’t he ‘done things on his own’ and contrary to
campaign promises leading to this debacle? Indeed, he cannot be trusted! ]
Widest wealth gap between whites, minorities on record … [and
they’re thanking ‘wobama the b’ (for b***s***)] ...
DEPENDANT STATES OF AMERICA: Geithner Warns: 'We Write 80 Million
Checks a Month'...
BOEHNER TO OBAMA: 'CONGRESS WRITES THE LAWS, YOU DECIDE WHAT YOU
WANT TO SIGN'...
...President
'worried about his next election'
...Putin
considering Kremlin return
Pelosi
splits, heads to fundraiser...
CNN:
OBAMA LOSING LIBERALS...
Farm
thieves target grapes, avocados -- even bees...
Thieves
target ambulances...
Thieves
Steal 100 Storm Drain Covers In Sacramento...
RASMUSSEN
SHOCK POLL: Obama 41% Ron Paul 37%...
DEBT
DEAL DEAD...
BOEHNER
WALKS...
Terrorism
shatters peace in home of Nobel prize...
NYT:
'Helpers of Global Jihad' claim...
Fake
cop opens fire at youth camp...
'Tall,
blond, of Nordic looks'...
REUTERS
UPDATE...
BBC
LIVE...
Obama,
Boehner discuss new debt plan... Developing...
PRESSURE:
S&P renews warning...
SCORCH:
HIGH TEMPS TO LAST WEEKS...
Now
covers 1 million sq miles...
NEW
YORKERS WARNED TO EXPECT ROLLING OUTAGES...
Rolling
Blackouts Begin In Detroit...
Fears
mount about 'Big Brother' database in Massachusetts...
Florida
made $63M selling names, addresses, dates of birth...
Latin
America Lectures US over Debt Crisis...
US
talks get 'messy'...
Obama
now open to short-term deal...
Euro
meltdown: Sarkozy jets into Berlin for crisis talks with Merkel...
24
HOURS TO 'SAVE GREECE'...
Ron
Paul: 'We Will Default, Debt Is Unsustainable'...
DEAL:
SENATE HUDDLES TO HIKE TAXES...
Obama
praises...
RESTATES
THREAT TO VETO SPENDING CUTS...
LIBS
EYE DEEP CUTS TO NATIONAL DEFENSE...
Cash-Strapped Connecticut Fire Sale, To Axe 365-Year-Old Ferry, Nation's Oldest...
OBAMA MAKES JOKE; NO ONE LAUGHS...
Gold
Has Longest Run of Gains Since 1980...
Gas
prices on the rise; top $4 in eight states...
Cash-Strapped
SF To Shutter Courtrooms; Lay Off 200 Court Workers (and yet another feinstein?
From direct experience with the superior courts of california, no loss here,
and eliminating them entirely not a bad idea in light of their costly
corruption as in the federal system! )...
DEM
FLASHES RACE CARD IN DEBT DEBATE...[ Oh come on! This jive-talking,
failed ‘president’ has been indulged in every way imaginable and possible (all
those false campaign promises that got him elected, etc.). He may not have been
the first (clinton has been said even by blacks to have been the first ‘black
president’), but he most assuredly is the last black president, fitting every
negative stereotype imaginable including racist hypocrisy. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud )THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
'Only
THIS president has received the kind attacks and disagreements'...
BOEHNER:
HE HAS NO PLAN...
[ It’s true; ‘wobama the b’ (for b***s***) has no plan whatsoever. Ask Mr.
Teleprompter. ]
KRAUTHAMMER:
CALL THE BLUFF!
Feds
Issue Warning After 4 Mailboxes Lifted From Post Offices...
O'DRAMA...
'ENOUGH
IS ENOUGH'...
WALKS
OUT OF WHITE HOUSE MEETING...
'DON'T
CALL MY BLUFF'...
REID
CALLS CANTOR NAMES...
CAMP
DAVID SUMMIT?
BOEHNER:
NO NEED...
MCCONNELL:
GOP won't be 'tax collectors for Obama economy'...
Hometown
congressman tells Obama to 'quit lying'...
PELOSI:
'Almost too busy' to continue debt talks...
GEITHNER:
Out of time...
Cash-Strapped
NYC Fines Man $2,000 -- For Not Watering Beehive?
STUDY:
Black men survive longer in prison than out...
Man
falls into Maui blow hole, disappears...
PRESSURE: MOODY'S PUTS USA ON DOWNGRADE WATCH
Boehner
Rails on Obama: 'Like dealing with Jell-O'...
WH
Cracks Down on Press: No Yelling at Obama Today...
President
'chafes' at unscripted questions...
BERNANKE
BARKS BACK AT PAUL...
Fed May
Launch New Round of Stimulus...
DOLLAR
TUMBLES...
Putin
calls Feds 'hooligans'...
Gold
hits new high...
DEBT
TALKS BREAK DOWN...
McConnell:
Deal Not Possible With Obama … [ I think this shoe fits wobama ...
African-American unemployment at 16% ... (But there’s rationality in this stat
as people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then
there’s the attitude. I truly believe from direct experience that even when
their outright aggression, assaults on persons and the senses, and otherwise
obnoxious behavior is not apposite, the personality disorder ‘passive /
aggressive’ is applicable, however indirectly expressed.) ] ...
'Backup
plan'...
OBAMA
THREATENS TO HOLD UP SOCIAL SECURITY CHECKS
RUBIO:
Every Aspect of Life in America is Worse Since Obama Took Over...
GE
Immelt lectures biz owners: 'Stop complaining about government'...
FLASHBACK:
(GE )Company Paid NO TAXES Last Year...
OBAMA:
LET'S STAY IN IRAQ...
FLASHBACK:
'I intend to remove all U.S. troops from Iraq by the end of 2011'...
KARZAI'S
BROTHER ASSASSINATED IN KANDAHAR...
Gunned
down in home by bodyguard...
'Huge
boost for Taliban'...
Obama
'far apart' from Republicans on debt deal...
Boehner:
Debt Deal Not Imminent...
TORMENT
@ 9.2%
State
and local governments bleeding jobs...
Top
Obama adviser says unemployment won't be key in '12 … (riiiiight!…talk about
wishful thinking and self-delusion)...
BUCHANAN:
DC Establishment 'in Panic'...
S&P
WARNS GREECE OF DEFAULT -- EVEN WITH BAILOUT!
'Impossible
knot'...
SANTELLI:
'The answer is easy: Spend less!'
Italy's
borrowing costs soar...
Berlusconi appeals for national unity and 'sacrifices'...
New
Fears on Italy Jolt Europe...
Soros:
Europeans now need 'plan B'...
Mob
Of Teenage Girls Attacks Minneapolis Mom, 4-Year-Old Daughter...
Air
Conditioner Thieves Hit 7 Churches In Texas...
THEY'RE
HERE! [ Uh! That ‘nausea’ factor; though not nearly of the magnitude
of america’s unctuous duo, ‘wobama the b’ (for b***s***) and michelle his belle
(see infra). After all, the cloyingly cutesy couple from across the pond is
hardly in a position to do damage as are the wobamas. Yet, one must ask: just
what exactly are they? Mascots? Non-emmissary emissaries? Indeed, in this
economy it’s quite embarrassing for members of the so-called commonwealth,
struggling economically and otherwise, england/uk being no exception (royals
wealth’ is ultimately the product of common expense) to be celebrating
celebrity for the sake of nothing more than celebrity. Worse is the pathetic
display here in the defacto bankrupt disunited states (uk not much better and
in many ways worse) relative to their former colonial masters. Then there was
that ostentatious marriage display so well publicized even as the uk’s (eu,
u.s. et als) ‘rank and file’ are sacrificing and the respective nation states
crumbling. Even so-called celebrities here shun such meaningless displays of
themselves and at least serve a cinematic (art form) purpose. Truth be told, I
bear them no ill will; but, I bear them no good will either. After all, quite
simply, they are but a meaningless, extravagantly costly welfare couple that
are simply irrelevant. How pathetic and embarrassing for their fans, followers,
onlookers and their liege. And, though I’m biased (I think Grace Kelly to have
been the most exquisite of creatures to have graced this earth – Alfred
Hitchcock with an eye for such things thought so too and said as much), clearly
Prince Albert of Monaco and his bride’s wedding was tastefully and not
cloyingly about right. Now that’s real royalty via Grace Kelly; with a purpose;
the management / leadership of a prime travel / gambling / entertainment /
resort destination; viz., Monaco. ]
BOEHNER:
Taxes 'off table'...
Debt Talks Turn to Social Security Cuts...
CHARGE:
Bypassing Congress to raise debt would be 'impeachable'...
LONDON
BRIDGES FALLING DOWN:
Coulson 'to be arrested tomorrow'...
Gov't
decision on SKY takeover 'delayed'...
UPDATE:
China warns U.S. officials not to meet Dalai Lama...
CHICAGOLAND:
THIEVES STEAL ENTIRE A/C UNITS FROM HOUSES
UPDATE:
Teen Dead After Beach Brawl...
Wisc
beating victim: 'They just said "Oh, white girl bleeds a lot"'...
US
Lawmakers Accuse DOJ of Cover-up in Botched Gun-Running Op...
CA Prison Shrink Paid $838,706 Last Year...
CA
companies flee state...
No
recession for 454 White House aides: They'll make $37,121,463 this year...
United
States of 'gloom'...
Iran
Ridicules: America is Not Independent...
SHOCK:
Father with HIV raped 6-month-old son...
MEDIA
BLOWS IT, AGAIN...
NANCY
GRACE LEFT SPUTTERING: 'SOMEWHERE OUT THERE, THE DEVIL IS DANCING TONIGHT'...
Attorney:
Case Was 'Media Assassination'...
'Now
you have learned a lesson'...
CBS
host breaks down...
'TOT
MOM' CLEARED BY COURT...
JURY: NO MURDER!
Only
guilty of lying to cops...
Portugal's
Debt Downgraded to Junk...
CHINA:
USA 'ALREADY DEFAULTING'...
DOLLAR
TO 'LOSE RESERVE STATUS'
Economy
Expected to Have Major Slide in Months Ahead...
NEW
IMF CHIEF FROM CHICAGOLAND...
MARK
HALPERIN CALLS OBAMA 'A DICK' ON LIVE TV...
POLL:
Obama 42%, any
Republican 46%...
Campaign
signals fundraising fail...
UPDATE:
Minnesota Government Shuts Down...
Washington
state closes tourism office...
Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya...(FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...)
GETTING
NERVOUS
NEWT:
Obama 'most successful food stamp president in American history'...
Palin:
Hollywood stars as 'full of hate'... ["What would make someone be so full of
hate?" palin asks … answer: resistance to someone as dumb and full of
war-mongering hate as she is! ]
REPORT:
NATO forces ARE
trying to assassinate Qaddafi...
Los Alamos under siege from wildfire...
'Throwing absolutely everything at this that we got'...
BLAGO
LIKELY HEADED TO PRISON...
'What
happened?'
But
he gets to keep his hair...
Fitz
finally wins one!
GUILTY
IN CHICAGOLAND...
17
of 20 counts...
Tried
To Sell Obama's senate seat...
Jury
DEADLOCKED on Rahm shakedown...
Blago
to lawyer: 'What happened?'
'Stunned'...
JOBLESS
WEAK: 429,000...
...disappointed
Economic
trouble puzzles Fed chief...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
THE
NEW 'NORMAL'
GALLUP
PLUNGE...
Approval
-4, disapproval +5 -- in one day!
DOWN TO
THIRD: USA 'TO FALL BEHIND INDIA' IN TRADE...
DEM
FIX: MORE SPENDING!
Bernanke
speaks, stocks sink...
FORBES:
'Admits he's clueless'...
CBO:
Long-Term Debt Picture Worsens...
Would
reach 101% of GDP by 2021...
STUDY: State,
local gov'ts must raise taxes $1,400 a year for
30 years to fund pensions...
Millionaires
shrug off downturn; Wealthy richer than before crisis...
Zuckerman:
'We now have more idle men, women than at any time since Great Depression'...
SHOCK
POLL: ONLY 3 in 10 WILL VOTE FOR OBAMA...
66%
say US headed in 'wrong direction'...
Greece
Agrees on New Austerity Plan With EU, IMF...
ANGER
IN ATHENS...
'BLACK
HOLE'...
DEBT
TALKS BREAKDOWN; TAX BUST
S&P:
Risk of U.S. credit rating downgrade increased...
Chicago
county faces $108 billion
gap in pensions....
Greek
Streets 'Explosive'...
PM wins
confidence vote 'but outlook remains dire'...
Huntsman
announces presidential bid at Statue of Liberty...
Harry
Reid endorses...
Bachmann
surges to primary lead...
Iraq
hunting $17 billion missing after U.S. invasion...
NATO
NIGHTMARE: 9 CIVILIANS KILLED [NATO strike kills 15 Libyan civilians]
Census:
Whites lose majority among babies...
German
Giant Says US Workers Lack Skills...
PAPER:
AMERICA'S LOST DECADE?
States
look to Internet taxes to close budget gaps...
SPANIARDS
ON MARCH OVER BLEAK PROSPECTS...
House will move this week to limit funding for effort in Libya...
'DON'T
BE SURPRISED IF ATHENS GOES UP IN FLAMES'...
GREEK
PM PLEADS FOR UNITY!
...warns
against default
Threat
to downgrade Italian debt raises contagion fears...
Princess
Diana Conspiracy Movie Headed to Theaters... [ Uh, oh! Time to gear
up the already harsh ‘censors’ in england.
]
Bachmann:
Obama 'has failed' blacks, Hispanics... [ Come on! ‘Wobama the b’
(for b***s*** has failed everyone. ]
Presidential
no-show miffs Hispanics...
African-American
unemployment at 16%... [ But there’s rationality in this stat as
people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then there’s
the attitude. I truly believe from direct experience that even when their outright
aggression, assaults on persons and the senses, and otherwise obnoxious
behavior is not apposite, the personality disorder ‘passive / aggressive’ is
applicable, however indirectly expressed.
]
SHE'S
OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!)
...
Michelle Obama Admits: 'Fortunately, We Have Help From The Media'...
CHICAGOLAND:
Rahm's Top Cop Blames Gangs, Crime on 'Gov't-Sponsored Racism'...
Likens
federal gun laws to 'racism'...
Teen
Mob Of 50 Hits Chicago WALGREENS...
Teen
brutally beaten by mob of blacks; cops
mull 'lynching' charge...
Princess
Diana Conspiracy Movie Headed to Theaters... [ British
queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by
security scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ …
that is … Diana
film causes stir at Cannes
“Unlawful Killing” has a combination of celebrity, controversy and canny
hype-mongering. (Washington Post) [
Let’s not kid ourselves … and, Dodi Fayed’s father was no dope and knew the
score. Indeed, it’s not coincidental that William’s the over-riding favorite of
granny Liz II; after all, Harry’s the bastard son of Hewitt (don’t buy into
their DNA proffer which they did buy – you know, that ‘bloodline thing’).
Moreover, it was reported that Diana had another ‘potential challenger in the
oven’ at the time of her death and we all know how dicey such english affairs
of state can be (ie., Henry VIII, Richard III, etc.). Then there’s the contempt
of Diana for having brought the son of her bosom, Chas, down. Do I think she
said flat out ‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als.
Ultimately, William will require some substantial therapy to sort out this
looming conflict. After all, Diana was his mother. Drudgereport: British
woman decapitated in grocery store; killer flees with head... Cannes:
Diana doc slams UK royals as 'gangsters'... ]
Drudgereport: Protesters
burn American flag during Obama visit to Puerto Rico -- a
U.S. territory... [ I find even his retirement costs
objectionable. Obama: My
family is ‘fine’ with one term Politico | President Barack
Obama says his family is “not invested” in a second term. The unctuous
pandering by the wobamas is nauseating. And, michele’s fundraisers? What’s up
with that? Wobama’s
such a glomming golem / slug. Obama
says if he were Weiner, he’d resign
President Obama on Monday waded into the debate over whether embattled
Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to
be with your Presidential camp, who is alleged to claim that someone claiming
to represent me called asking for $100,000, to keep me from coming forward
about our (Obama and I) November 1999 encounter of sex and cocaine use?), ...
Obama is just another Banksters' moll prostituting himself .., and that's why
he supported the grotesque bail-out of the banking system and why he will
always put their interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv
The Week Ahead: More "Bizarro World" Forbes Tom Aspray MoneyShow.com ‘It’s all about the debt-ceiling debate right now,
and mounting fears have caused technical damage that will take time to resolve.
Use any short-lived rally as a chance for selective selling.
It was a rough
week for the markets this past week, and the week ahead may be no better. Last
week, Senator John McCain used the word “bizzaro” in his description of how the
debt crisis was being handled. It is nice to have one politician who is not
afraid to speak his mind. Comic book fans will remember that Bizarro World was
a fictional, cube-shaped planet from DC Comics (how appropriate!). [ Since the author’s referred to mccain, I’ll say
mccain’s wife’s / extended ‘family’’s portfolios probably took a hit, so as
always, mccain’s ‘up in arms’ and add this here: The Plum Line : McCain erupts: Conservatives are lying
to America (Washington Post) [ Talk
about lies and liars, mccain’s been a total fabrication, since Vietnam
particularly. Keating 5 mcCain’s a total fraud (wealthy by that meyer lansky
crowd, he still collects social security, and takes those congressional raises
he votes for). He is, and always has been, a pathetic loser; which, if you look
around you, the nation is inundated with today!.. 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)…’…Oh and they so can afford
it Deficit
panel proposes huge cuts (Washington Post) [ Cuts? (This is from 2010 coupled with the same foregoing prior
post) I heard the corrupt, incompetent lawmakers were giving themselves a
raise. They actually deserve at least a 10% paycut and abolition of those
lifetime appointments / permanent corrupt bureaucracies. Nothing succeeds like
failure and crime in pervasively corrupt, defacto bankrupt america! ] Lawmakers
propose curbs on Social Security, cuts in spending and tax hikes if long-term
goals aren't met. ]
It would be
nice if last week’s action in the financial markets and in Washington, DC was
fictitious, but unfortunately, it was not. The debt crisis weighed on the
markets from the start of last week, and the selling pressure picked up steam
as the week progressed. This week may be just as treacherous.
Another vote
is scheduled for late Friday, but I am not optimistic that it will mean much.
In all likelihood, we will wake up on Monday and still be without a deal.
Investors definitely have started to run scared, as they removed $13.6 billion
from stock mutual funds and ETFs in the first four days of last week.
Institutions
are also nervous, as very short-term T-bill rates have spiked, therefore
causing the yield curve to flatten out. Historically, a flat yield curve is
negative for the economy. Yields on the ten-year T-note dropped to new lows for
the year, as they seem to be the safest haven, after gold.
Though a deal
will eventually be done, what we can’t determine is whether the confidence in
the markets and economic recovery has suffered a fatal hit. A contraction in
credit at this fragile time in the economic recovery could have serious
implications.
There has been
some technical damage to the stock market as well, and while the analysis of
the Advance/Decline (A/D) line still suggests that a major top is not complete,
some time is likely needed to repair the damage.
The negative
short-term analysis allows for more selling, and the S&P 500 could drop
back to the March lows, which are more than 3% below Friday’s close.
http://www.moneyshow.com/image.asp?imgSrc=investing/Guru/WA7-29a_large.gif&aid=GURU-23955&scode=012551
Click to Enlarge
A surprise
decline in claims for unemployment insurance was one of the few positives last
week. The much weaker GDP numbers, especially the big downward revision in the
first quarter numbers, hit stocks hard early Friday.
These numbers
did not help make the dollar more attractive, as the dollar index violated
support (line a) on July 21. Though it is possible that the dollar is forming a
double bottom, a more likely interpretation is that it will break below the
recent lows, which will cause heavier selling.
Gold was the
big winner last week, and after completing its flag formation (lines c and d)
on July 12, the Spyder Gold Trust (GLD) has accelerated to the upside. It is still below the
upside targets from the flag formation, which are in the $160-$162 area.
Platinum
prices have been lagging gold, as platinum is just $155 more expensive than
gold. In January, one ounce cost $525 more, and the long-term chart of the platinum/gold spread is quite
interesting.
The week ahead
is a big one for economic reports with the main focus being on jobs. The ADP
Employment report is due out Wednesday, with jobless claims due Thursday, and
the key monthly jobs report scheduled for Friday.
There are some
other reports as well, with the ISM Manufacturing Index and Construction
Spending set for release on Monday. On Tuesday, we’ll get the Personal Income
report, while the ISM Non-Manufacturing Index and Factory Orders will be
released on Wednesday.
What to
Watch
Last Thursday,
I identified some key levels for ETFs that represent the
major stock indexes. Those levels were decisively broken in the Spyder
Trust (SPY) and SPDR Diamonds Trust (DIA). Technology has been the strongest sector recently,
and the tech-heavy PowerShares QQQ Trust (QQQ) is so far holding well above its key support.
Stocks made
their lows on the opening last Friday, and despite much-worse-than-expected
economic numbers, S&P futures closed almost ten points above the early
lows. Though this does possibly mark a short-term low, a rally this week will
have to be watched closely.
My concern is
that we will see a sharp reflex rally once a deal on the debt ceiling is made,
but that rally won’t last more than a day.
http://www.moneyshow.com/image.asp?imgSrc=investing/Guru/WA7-29b_large.gif&aid=GURU-23955&scode=021551
Click to Enlarge
S&P
500
The monthly
chart of the Spyder Trust (SPY) shows that it has closed lower for the past three
months. It is currently not far above the monthly uptrend, line a, at $127.
There is further support from the April 2010 highs at $122.
The 200-day
moving average (MA) (not shown) is still rising but was violated last Friday.
Once below
Friday’s low at $127.97, the next key chart support is at $126.19 and the June
lows. SPY made a low in March at $125.28 during the panic selloff.
The S&P
500 A/D line has broken the uptrend from the June lows and now shows a pattern
of lower highs and lower lows. The June lows now represent important support.
There is
initial resistance for SPY at $130.40-$131 with much stronger resistance at
$132.63.
Dow
Industrials
The SPDR
Diamonds Trust (DIA) was hit hard last week, falling as low as $120.64 last
Friday. One can make a case from the weekly chart that a weekly
head-and-shoulders top is forming. The neckline (line b) is just above the $119
level with the June lows at $118.54.
A decisive
close below both of these levels on a weekly basis would clearly be serious.
The weekly OBV did confirm the highs in May, but it remains below its weighted
moving average (WMA) and has broken its uptrend, line c.
The Dow
Industrials’ A/D line has reversed sharply, breaking the long-term uptrend, but
it is still above the June lows. If those lows are broken, a more serious
decline could occur.
There is
significant resistance for DIA at $122.50-$123 and more important resistance
now at $123.80 to $124.39.
http://www.moneyshow.com/image.asp?imgSrc=investing/Guru/WA7-29c_large.gif&aid=GURU-23955&scode=021551
Click to Enlarge
Nasdaq
100
The tech
sector was the strongest last week, as the PowerShares QQQ Trust (QQQ) held above key support at $56.87-$56.98. Friday’s low
was $57.44.
The better
relative performance, or RS analysis, is evident on the %Change chart, as QQQ
shows higher lows while SPY shows lower lows.
The Nasdaq 100
A/D line did not confirm the recent highs and this divergence is now more of a
concern. A break of longer-term support will confirm the divergence.
There is
initial resistance at $58.80-$59.30.
Russell
2000
The iShares
Russell 2000 Index Fund (IWM) was hit hard last week, down over 5%, and it is
already close to the June lows at $77.23, having reached $78.24 on Friday.
If the June
lows are broken, the major 38.2% support is at $76.11.
The Russell 2000 A/D line is declining, but it is still holding above major support.’
Top
3 Reasons Markets Were Down After a Weak GDP Report Wall St. Cheat
Sheet July 29, 2011, Markets closed down
on Wall Street today: Dow -0.79% , S&P -0.65% , Nasdaq -0.36% , Oil -1.56%
, Gold +0.74 % .
On the
commodities front, Oil fell to $95.92, while precious metals gained, with Gold
up slightly to $1,628.10 an ounce and Silver up 0.29% to $39.91 an ounce.
Don’t
Miss: Your
Cheat Sheet to the History of the U.S. Debt Ceiling.
Today’s markets
were down because:
1) Debt
ceiling. Every day I have to include the debt ceiling as one of the reasons the
markets were down, a little piece of me dies. Four days until the Treasury’s
deadline and Congress seems to have reached a stalemate. Boehner keeps pushing
forward with his bill, and finally has enough votes in the House for it to
pass, only to get voted down soon as it reaches the Senate, where Democrats and
Republicans alike have vowed they will block it. Senate Majority Leader Harry
Reid is working on a budget plan that has wider support in the Senate, but it
has yet to be put to a vote, until which point there’s no knowing which way it
will go, especially in the Republican-led House. So in the meantime, we wait
and listen to China complain
about the US.
2 ) GDP . If
yesterday’s positive economic news wasn’t enough to counteract the depressing
effect of the looming debt ceiling, today’s bad economic news sure isn’t going
to help matters. Stocks took a huge dip this morning right out of the gate
after the Commerce Department reported GDP
grew at an annual rate of 1.3% during the second quarter, well below
projections of 1.8% growth. While data like durable goods orders and consumer
spending give us an idea of how the economy is progressing, GDP covers the
whole kit and kaboodle, and the most recent figures are not good.
3) Treasuries.
While short-term Treasuries saw a moderate selling-off on Friday, as would be
expected, the price on the benchmark 10-year note rose, pushing the yield down
from 2.91% to 2.78%, the biggest one-day drop since December 2010. Longer-term
investors tend to focus more on the economy than more immediate issues like
those plaguing Washington at the moment, so the fact that the price of
long-term notes is up shows that investors have a positive economic outlook.
BONUS: Cost
of Insuring U.S. Debt Explodes to Two-Year High.’
The
‘Duh! Ya think?’ corner:
Confusion
Grips Wall Street Ahead of Debt-Ceiling Deadline - Aaron Task
2011
Is Proving to Be a Horrible Year for the Economy - Peter Gorenstein
Even
the Best Investors Get It Wrong. Ask John Paulson - Peter Gorenstein
Probabilities
of Bearish Scenarios Increasing at Minyanville
[video]
Economist John Ryding: Concerned About Stagflation at TheStreet.com
S&P 500 Down 3.92% for the Week
Investors Flee Markets: Dave's Daily at TheStreet Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif courtesy of Dave … ‘We're in an "event risk" market environment. These are never easy to trade or position. I would wager many institutions and individuals are trying to find protection in whatever instrument they can find and/or are permitted to use. According to Lipper investors pulled a net $32.2 billion from mutual funds--including ETFs--for the week ended July 27. This continues the previous trend. Further investors loss of confidence in the U.S. is increasing by the moment. There wasn't an attempt at end-of-month window dressing as conditions made this futile. Gold (GLD, IAU, DGP), Japanese Yen (FXY), Swiss Franc (FXF), U.S. bonds (IEF) were about the only areas showing any life or safe haven status. I'll bet there were plenty of exotic options transactions as investors sought protection there…’
Surveying
The Week's Wreckageat The Wall Street Journal
While
Washington Fiddled The Economy Burned at Forbes [ Oh come on! Let’s
get real here! The economy was already burning (see infra), Washington
notwithstanding! Indeed, the frauds on wall street with those contraindicated
paper stock computer programmed commissioned churn-and-earn rallies would love
for you to think it’s Washington only (that aw shucks, coulda’ been clear
sailin’ otherwise moment). But the reality is that things are far more dire
financially and economically than their window-dressed scams would indicate,
though washington’s no help, incompetent, unknowledgeable, and ineffectual as
they are (although fraudulent wall street, aside from their consummate
scammin’, is little better and probably overly relied upon and light in those
very areas one would expect to find profiency; viz., finance and economics.)
Most importantly, realize that if wobama’s actions had not belied his
words/campaign promises, the nation’s position, though still ominous, would
have been substantially improved.} ] Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
Growth
anemic, debt fight poses recession risk Reuters | The U.S. economy stumbled
badly in the first half of 2011.
Giant
Banks Lobby to Raise the Debt Ceiling and Slash Public Benefits
Washington’s Blog | Some complain about the poor sucking on the government
teat.
Apple
Now Has More Cash Than The U.S. Government Business Insider | The world’s
largest tech company has more cash than the world’s largest sovereign
government.
IMF
chief: Dollar status in doubt if debt crisis persists AFP | Lagarde warned
that failure to resolve the crisis would likely raise “doubts” about the
dollar’s status as the world’s reserve currency.
Municipalities’
credit ratings at risk Counties in the Washington area could lose their
sterling ratings if the federal government is downgraded. (Washington Post) [
How ‘bout they lose their sterling ratings even if the federal government isn’t
downgraded. States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Meredith Whitney: GIRD YOUR LOINS ‘New Jersey’s move to take
out a short-term $2.25 billion loan to pay its bills is symbolic of how
difficult state and municipal financing will be in the year ahead, analyst
Meredith Whitney told CNBC Tuesday…she said these types of moves will be mere
warning shots as states approve their spending plans for the fiscal year
ahead—running from July 1 to June 30—and balance those budgets by cutting local
aid. “That’s what’s really going to hurt. So the pain of the states is just
upon us,” said Whitney. “What you’ll see now is as the states are submitting
final budgets, you’ll see the real pain at the municipal level start happening
July 1. That will intensify and that’s where you’ll see the
fallout.”"That’s what’s really going to hurt. So the pain of the states is
just upon us,” said Whitney. “What you’ll see now is as the states are
submitting final budgets, you’ll see the real pain at the municipal level start
happening July 1. That will intensify and that’s where you’ll see the fallout.”
[CNBC]’Moody's
Cuts Connecticut Outlook To Negative at Forbes Halah Touryalai
‘ Is Meredith
Whitney’s “I told you so” moment approaching?
Moody’s just lowered Connecticut’s general obligation
rating to negative from stable citing among other things “depleted reserves
with slim prospects for near-term replenishment.”
From Moody’s:
The state has approximately $14 billion in
outstanding general obligation bonds…The negative outlook reflects
Connecticut’s depleted reserves with slim prospects for near-term
replenishment; pension funded ratios that are among the lowest in the country
and likely to remain well below average; and high combined fixed costs for debt
service and post employment benefits relative to the state’s budget. In the
absence of a clearly articulated plan to achieve meaningful improvement in the
state’s pension funded ratios and reduce its fixed costs, as well as progress
toward adequate reserve levels, Connecticut’s rating could be downgraded.
The news comes just a day after it was revealed that
its tri-state neighbor New Jersey is seeking a $2.25 billion bridge loan from JPMorgan Chase. The Garden State has decided to take a bank
loan instead of issuing bonds because the later would require more time to
raise the necessary amount of cash to pay its bills.
Whitney, the analyst who has been sharply criticized
for her prediction of widespread municipal defaults this year, was on CNBC this morning discussing the bridge
loan. From the interview:
“I wouldn’t read too much into this one financing. It
could be business as usual. That’s not the issue,” Whitney said in a live
interview. “New Jersey’s fiscal woes are far bigger than them accessing a line
of credit or a new loan.”
Rather, she said these types of moves will be mere
warning shots as states approve their spending plans for the fiscal year
ahead—running from July 1 to June 30—and balance those budgets by cutting local
aid.
“That’s what’s really going to hurt. So the pain of
the states is just upon us,” said Whitney, famous for her warning about Citigroup‘s exposure to subprime loans back in 2007, a call
that would foretell the ensuing financial crisis. “What you’ll see now is as
the states are submitting final budgets, you’ll see the real pain at the
municipal level start happening July 1. That will intensify and that’s where
you’ll see the fallout.”
Whitney said
last year that she expects hundreds of billions in defaults on municipal bonds
in the next five years.’ Meredith Whitney Adds 10 New States To Her Sh*t List Bess
Levin Meredith
Whitney State Finances Are Worst Than Estimated [Fortune via Katie Benner] . Ask Meredith Whitney! She was right last
time, and this time, like last last time, she’s takin’ it on the chin from the
permabull wall street frauds: Meredith
Whitney Sticks to Her Guns Today Roche ‘Talk about holding onto a losing
trade. At the Milken Conference yesterday, Meredith Whitney said there was
nothing controversial about her muni call, maintaining that she has more
conviction about the muni crisis call than anything in her entire career. Via
Bloomberg:
Whitney said on the panel, “It’s not that big of a
call..There’s nothing controversial about that call, if you look at the
numbers.”
“You can criticize me for everything you want, I’m
just numb to it because I have more conviction on this than I’d had on any
single thing in my career.”
On the same panel, David Solomon, Goldman Sachs’
co-head of investment banking said, “I don’t think we’re doomed. I think the
resources available to us, and the changes that will evolve as we come out of a
very, very difficult economic period that we’ve been stuck in over the past
couple of years, will provide more flexibility than I think Meredith believes.”
Boehner
rewrites bill after analysis How has the Congressional Budget Office, a
small agency of analysts, gained such authority in D.C.? Alice
Rivlin on CBO’s role in debate Ezra
Klein: Why does anyone trust CBO? (Washington Post) [ Yeah! ‘Tis true! I’d also have more
confidence if the analysts were not CBO, but rather, psychoanalysts! Vote
on Boehner bill delayed after analysis Washington barreled closer to crisis
as House Speaker Boehner and Senate Majority Leader Reid scrambled to build
support for rival plans to control the national debt, but both appeared doomed
without significant modifications. (Washington Post) [ Psychoanalysis? Oh, yeah
… that other kind of analysis, that deals with numbers and things and logic.
Okay … sounds like a plan … or, at least planning to have a plan. But let’s not
dismiss psychoanalysis so quickly either. After all, they are americans … after
all; and particularly, D.C. Washingtonian americans at that ( I did a brief
paper on psychoanalysis / psychoanalytic method http://albertpeia.com/psychoanalyticmethod82309.htm which is a compelling subject). Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Boehner
orders GOP to fall in line on debt As investors grow increasingly anxious,
House Republican leaders deliver a tongue-lashing to their most conservative
lawmakers and cast Thursday’s roll call as nothing less than a vote of
confidence in their stewardship of the chamber. (Washington Post) [ Mais oui,
mon fuhrer! Obama
spars with Boehner as deadline looms The president said in a prime-time
speech that, unless Congress agrees quickly to a long-term increase in the debt
ceiling, “we would risk sparking a deep economic crisis.” In response, the
House speaker said that “the solution to this crisis is not complicated,” but
that he would not give the president a “blank check.” (Washington Post) [ Well,
it’s that darn teleprompter. Yeah, Mr. Teleprompter really craves that prime
time face time; you know, so close to the elections. ‘Grand
bargain’ talks fail as Boehner walks out House Speaker John Boehner’s
abandoning of talks with the White House throws into chaos efforts to raise the
legal limit on government borrowing with just 11 days before the U.S. Treasury
is due to run out of cash. (Washington Post) [ Geeh! And we were all just
getting excited / aroused having been told wobama’s got a Boehner … Not, they
say … but dem PIIGS got problems too. Europe’s
debt crisis threatens Italy (Washington Post) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop …
py. Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next
decade would come from spending cuts and changes to entitlement programs, but
no immediate tax increases. (Washington Post) [Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for
unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion,
PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while
other estimates exceed $100 trillion (these amounts are insurmountable) …’ Moody's
puts U.S. ratings on review for downgrade Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.).
It’s not ‘default’ The U.S. will
not default after Aug. 2. Something much weirder and more chaotic will happen.
(Washington Post) [ No matter what you call it, or what it is, beyond the spin,
the reality is that it ain’t goin’ to be good! Ain’t goin’ to be pretty! So
there you go, and you read it here: ‘no default’ . Well, I don’t know about ‘no
default’ because I’m with the camp that posits that we’ve already defaulted
(see immediately infra); but, I do believe that prospectively, for the
foreseeable future, ‘weird and more chaotic’ describes america just fine, in a
nutshell. Drudgereport: CHINA:
USA 'ALREADY DEFAULTING'...
, One commentator, Peter Shiff,
to Frank Motek of 1070am Bus.Report references the sham in Washington; and
regardless, points to default by way of inflation, further stating that the
debt ceiling’s already been breached by borrowing. Moreover, he additionally
states that default is inevitable by way of inflation; that the fed will be
buying the evermore worthless american paper (bonds) and creating/printing
evermore worthless american dollars; that there’s been a quid pro quo with at
least one of the 3 (S&P, Moody’s, Fitch) federal licensed rating agencies,
viz., of reaffirming the u.s. AAA rating in return for no prosecution
surrounding their role in the S&P AAA rated worthless (fraudulent,
mortgage-backed, derivative) paper securities (fraud) giving rise to the
previous leg of this continuing, ongoing debacle / crisis. He finally goes on
to recommend non-u.s., non-dollar denominated assets, precious metals, and
alternate currencies. A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.Check out this inflation calculator:http://www.albertpeia.com/inflationcalculator.htm Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that
occurred the following year. I now see a similar confluence of events
that warns of phase II of the global crisis.
Once again I
see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on
the exact month, or within one month, of the official start as determined one
year later by the official arbiter of recession, the National Bureau of
Economic Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious
“adjustment” as well.
On July 18,
Goldman Sachs (GS)
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts. The next step will be for them to substantially
reduce earnings forecasts for the S&P 500.
Will the phase
II be as bad as the 2008 crisis? The last crisis was confined to the private
sector, i.e. financial institutions. The next one will be involve the
threatened default of entire countries. The last time, the central banks bailed
out the financial firms and even Warren Buffett bailed out several firms. Who
is big enough to bail out entire countries? Or will the term of “too big to
fail” turn to “too big to bail?”…’
National / World
Here’s a picture of obama
voters / backers: http://www.albertpeia.com/wobamavoters.gif
Exclusive: ATF Intimidates Gun Owners With Home Visits Paul
Joseph Watson | Federal agency attempts to make firearms retailers spy
on their customers under new illegal directive.
About
Obama’s ‘Secret Plan’ Powerline | The best kept
secret in Washington has apparently been President Obama’s secret debt-ceiling
plan.
Improving Mexican economy draws undocumented immigrants
home from California Sacramento Bee | Many are now
finding the American dream south of the border.
Bill Approved To Create Massive Surveillance Database Of
Internet Users Steve Watson | Privacy busting legislation a
“stalking horse for a massive expansion of federal power”
Belvidere School District adopts random drug testing for
middle school students The Express-Times | A positive test will
require at least six visits with a guidance counselor or nurse.
New Jersey Town Tries to Force Resident to Remove His Ron
Paul Yard Sign Reason | “He was scared,” said Brian Aitken, who
counts LaCorte as a family friend.
Stocks Reverse Entire Overnight Dump On One Headline Zero
Hedge | The news of America’s economic tumble is completely ignored now.
U.S. Treasury Pushes War Propaganda Claim al-Qaeda and
Iran in Cahoots Kurt Nimmo | Evidence reveals
opposite — Iran has tried to cooperate with U.S. on turning over alleged
al-Qaeda members.
THE issue of our time: Genetic Armageddon Daniel
Taylor | If the Scientific Dictatorship is allowed to continue without
debate, the survival of the human species is at risk.
Exclusive: ATF Intimidates Gun Owners With Home Visits Paul
Joseph Watson & Aaron Dykes | Federal agency attempts to make
firearms retailers spy on their customers under new illegal directive.
All charges dropped against Julie Bass, gardener
threatened with jail time for growing vegetables NaturalNews
| Julie Bass has confirmed that all charges have been dismissed in her case.
U.S. Treasury Pushes War Propaganda Claim al-Qaeda and
Iran in Cahoots Kurt Nimmo | Evidence reveals
opposite — Iran has tried to cooperate with U.S. on turning over alleged
al-Qaeda members.
Lockheed Martin Wins $72 Million Contract To Install Body
Scanners Paul Joseph Watson | TSA to continue using radiation-firing
devices despite availability of safe alternative.
Giant Banks Lobby to Raise the Debt Ceiling and Slash
Public Benefits Washington’s Blog | No wonder the fatcats running
the giant banks are screaming loudly that the debt ceiling must be raised.
Is America Caught In The Closed Mind Trap? Dr.
Paul Craig Roberts | It is rewarding to hear from intelligent and open-minded
people. But as the weeks and months go by, I find it ever more tiresome to
tolerate closed minds spewing hate and ignorance.
House
leaders postpone vote on debt plan
House Republican leaders delayed until at least Friday a white-knuckle
vote on legislation designed to ease the nation’s debt crisis, after hours of
scrambling in vain to lock down the last votes needed for passage. (Washington
Post) [ Sounds like a plan! That plan to delay a vote on the plan’s plan to
have a plan to make a plan that plans to plan for pervasively corrupt, defacto
bankrupt america’s averted default plan’s plan to revisit a plan for a plan
post-election. Who could possibly say that americans are / were not planners? The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed! Come on! Who believes their
pre-election year data, reports, b***s***? There’s desperation in the air and
like never before! One commentator, Peter Shiff, to Frank Motek of 1070am
Bus.Report references the sham in Washington; and regardless, points to default
by way of inflation, further stating that the debt ceiling’s already been
breached by borrowing. Moreover, he additionally states that default is
inevitable by way of inflation; that the fed will be buying the evermore
worthless american paper (bonds) and creating/printing evermore worthless
american dollars; that there’s been a quid pro quo with at least one of the 3
(S&P, Moody’s, Fitch) federal licensed rating agencies, viz., of
reaffirming the u.s. AAA rating in return for no prosecution surrounding their
role in the S&P AAA rated worthless (fraudulent, mortgage-backed,
derivative) paper securities (fraud) giving rise to the previous leg of this
continuing, ongoing debacle / crisis. He finally goes on to recommend non-u.s.,
non-dollar denominated assets, precious metals, and alternate currencies. This is still a great opportunity to sell / take
profits since there’s much, much worse to come! Initial
unemployment claims rise
to 418000 - Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon / Tech up today? Absolute confirmation of
dire prospects worldwide since american tech is horrendous. Yet, sizzling
‘child’s play’ is the order of the day and credit still must be given to those
[ie., Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc
for word processing / data based records/forms/templates/data which I
interfaced with an electric typewriter for letter quality)] who could (as he)
identify such novelties as the biggest over-priced / over-valued sensations
since the hoola hoop (hoopla hoop - which were pretty cheap and with some minor
health benefits to boot).Take this run-up as a gift based on fraudulent wall
street b***s*** alone and take this opportunity to sell / take profits / ‘sell
today if you missed in may and then go away’! Nothing has been solved; maybe
forestalled. This is the umpteenth rally based upon the ‘solution’. The
ubiquitous problems make the notion of a ‘Gordian Knot’ a mere tinker toy in
comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT If the United States was a corporation - USA Inc. -
here's what the Income Statement would look like:Total federal spending in 2010
amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA
Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7
trillion with a projected deficit of$1.6 trillion. …USA INC. - BALANCE SHEET If you think the
Income Statement looks bad, you may not want to look at the Balance Sheet.
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ Huge suckers’ rally to keep the suckers suckered in
this market based upon backward looking data discounted multiple times to the
upside (including the apple numbers as recently as last week on ‘leaked’
expectations of ‘better than expected’, etc.), taxpayer funded QE results, and
b***s*** alone. This is an especially great opportunity to sell / take profits
since there’s much, much worse to come!
IT'S GOING TO HURT 'FOR LONG
TIME TO COME' [ Says tiny tim geithner … thanks for the heads up
tiny tim ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's
Daily 'If you can keep interest rates
this low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and
Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ]
Stocks
extend losses amid debate Declines tempered by report showing fewer
Americans filed for unemployment benefits last week. (Washington Post) [ Oh riiiiight! Signs, signs, everywhere the
signs; happy days are here again … Wow! … Who’s kidding whom in these pre-election
year follies. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed! Come on! Who believes their
pre-election year data, reports, b***s***? There’s desperation in the air and
like never before! One commentator, Peter Shiff, to Frank Motek of 1070am
Bus.Report references the sham in Washington; and regardless, points to default
by way of inflation, further stating that the debt ceiling’s already been
breached by borrowing. Moreover, he additionally states that default is
inevitable by way of inflation; that the fed will be buying the evermore
worthless american paper (bonds) and creating/printing evermore worthless
american dollars; that there’s been a quid pro quo with at least one of the 3
(S&P, Moody’s, Fitch) federal licensed rating agencies, viz., of
reaffirming the u.s. AAA rating in return for no prosecution surrounding their
role in the S&P AAA rated worthless (fraudulent, mortgage-backed,
derivative) paper securities (fraud) giving rise to the previous leg of this
continuing, ongoing debacle / crisis. He finally goes on to recommend non-u.s.,
non-dollar denominated assets, precious metals, and alternate currencies. This is still a great opportunity to sell / take
profits since there’s much, much worse to come! Initial
unemployment claims rise
to 418000 - Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon / Tech up today? Absolute confirmation of
dire prospects worldwide since american tech is horrendous. Yet, sizzling
‘child’s play’ is the order of the day and credit still must be given to those
[ie., Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc
for word processing / data based records/forms/templates/data which I
interfaced with an electric typewriter for letter quality)] who could (as he)
identify such novelties as the biggest over-priced / over-valued sensations
since the hoola hoop (hoopla hoop - which were pretty cheap and with some minor
health benefits to boot).Take this run-up as a gift based on fraudulent wall
street b***s*** alone and take this opportunity to sell / take profits / ‘sell
today if you missed in may and then go away’! Nothing has been solved; maybe
forestalled. This is the umpteenth rally based upon the ‘solution’. The
ubiquitous problems make the notion of a ‘Gordian Knot’ a mere tinker toy in
comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT If the United States was a corporation - USA Inc. -
here's what the Income Statement would look like:Total federal spending in 2010
amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA
Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7
trillion with a projected deficit of$1.6 trillion. …USA INC. - BALANCE SHEET If you think the
Income Statement looks bad, you may not want to look at the Balance Sheet.
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ Huge suckers’ rally to keep the suckers suckered in
this market based upon backward looking data discounted multiple times to the
upside (including the apple numbers as recently as last week on ‘leaked’
expectations of ‘better than expected’, etc.), taxpayer funded QE results, and
b***s*** alone. This is an especially great opportunity to sell / take profits
since there’s much, much worse to come!
IT'S GOING TO HURT 'FOR LONG
TIME TO COME' [ Says tiny tim geithner … thanks for the heads up
tiny tim ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's
Daily 'If you can keep interest rates
this low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and
Primary Dealers can buy back their shares and pay dividends with what essentially
is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation) numbers
… reality is much worse!} Meanwhile, the frauds on wall street are churnin’ and
earnin’ like never before at lightning computerized speeds enabling the
high-frequency trades that are commissioned in unprecedented large volumes; a
big net negative in real economic terms.]
Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
Limbaugh:
We've Been Played for Saps, Folks: Boehner Bill Will Become Reid Bill July
28, 2011... [ God knows I’m no fan of perma
war, bush, etc., apologist limbaugh’s; yet, I’m constrained to say I agree with
his headline and include his article (which I’ve not read) here for 1st
Amendment purposes while also saying, republicans, democrats … at this point,
what’s the difference? ] ‘BEGIN TRANSCRIPT
RUSH: I think
we've been played for a bunch of saps, I mean not us exclusively, I just mean
the whole country, the Republican Party, ruling class. I'll explain as
uncomfortable as it is and as grading as it is, I'll explain as the program
unfolds it's great to have you here as always telephone number if you want to
be on the program. 800-282-2882. The e-mail address [email protected].
Where are we on the debt deal? I suspect that most of the people, and
this is what a lot of people are relying on, "Just finish it!"
A lot of people are sick and tired of hearing about it, let's move on to
something else. "I'm tired of talking about it. Can't we do
something that's fun? What the hell is going on?" I understand
the sentiment. Yesterday or last night the Republican leadership
succeeded in getting Allen West to flip and vote for the Boehner plan or to
commit to it. The same thing with Paul Ryan, and I've had a lot of
e-mails: "What's Allen West doing? I can't believe Allen West,
of all people." These Democrats, folks, you have to understand who
we're dealing with here. This whole thing with Debbie
"Blabbermouth" Schultz going on the House floor and accusing West of
wanting to cut Medicare and Social Security and all that in the south Florida
district, and you remember the contretemps that begin with West responding to
it and so forth. They have put his re-election into play and, of course,
they've got the media on their side down here in south Florida.
So all over the media is the allegation that Allen West wants to do all this
damage to senior citizens and so forth so that's how his vote gets -- I'm
guessing. I haven't spoken to him. But I think that's a large part
of it. Now, as we all know the Boehner bill is not ideal. It's
another one of these eight hundred, nine hundred, I don't even think it gets to
a trillion, but let's say it does, a trillion dollars in cuts over 10 years,
the debt limit raised immediately so the spending occurs immediately, but it re-invites
the debt limit debate all over again in a few short few months and in fact
there is from the Daily Caller today a story that says the GOP is stealing
Christmas. The Democrats are going back to the Gingrich that stole
Christmas theme from the Clinton days. And here's the story from the
Daily Caller: "GOP Aims to Gut Christmas, White House Alleges -- House
Speaker and national grinch John Boehner is planning to spoil Christmas, White
House officials are claiming, as they try to head off passage of Boehner’s
two-stage debt ceiling bill."
They don't want to head off passage of the Boehner bill. They want the
Boehner bill to pass in the house. There's a trap essentially that's
being set, and I noticed that there's an AP story, and way down at the AP
story: "In fact, Boehner's plan has enough in common with Reid's --
including the establishment of a special congressional panel to recommend
additional spending cuts this fall -- that Reid hinted a compromise could be
easy to snap together," between his nonexistent bill and the Boehner
bill. What does that mean? What it means is that over in the Senate
Reid really doesn't have a bill. He's got an idea, but he doesn't have a
bill. And what he's put forth as an idea hasn't gotten all that much
support. But here comes, let's say the House, and Boehner doesn't have
the votes in the House yet according to Politico. And this is key.
That was as of 9:30 this morning and they're going to be working the Republican
caucus all day long before the vote tonight. But, as of now, Boehner
doesn't have the votes for his bill. But let's assume he gets the
votes. The Boehner bill then goes to the Senate where it's dead on
arrival. There are 58 senators that are going to vote against it, by design.
However, they've got a bill over there now.
So Dingy Harry can take the Boehner bill and tweak it and rewrite it, make
additions to it, take some things out of it, play with it however he wants, and
get enough votes from Democrats since it becomes the Reid bill, and then it
gets sent back to Boehner in the House looking nothing like his bill, but the
rationale for passing the Boehner bill in the House is we've got to do this,
the time is up, we're not going to get blamed. So if Reid monkeys around
with the bill that he gets from Boehner, and it passes in the Senate, with
whatever changes that are not favorable to us, of course, they throw it back in
Boehner's lap, and then the pressure is going to be back on Boehner.
Okay, do you sign the Reid bill? Do you pass it? Do you get your
guys to vote for it and send it to Obama, basically a Democrat bill. That
is what a lot of people -- and I sign on to the theory, too -- this is one of
the traps that's being set. The Boehner bill is essentially being used to
be a foundation for a nonexistent as of yet Reid bill. And thereby the
Boehner bill becomes the Reid bill, therefore Democrat bill all in the absence
of an Obama plan. No Obama plan at all in this.
There's no Obama
bill. There's nothing set down on paper. So the Reid bill will
become the Obama bill. The Boehner plan will become the Obama plan.
I think that's the trap. And, of course, the establishment, Republicans
are all gung ho. "Gotta get this done. It's the best we can
get." Because they're telling themselves there aren't any tax
increases in it, and there aren't. There aren't any tax increases in the
Boehner bill. And there are spending cuts and there are caps, but what
happens when that goes over to the Senate and Reid says, "You know what, I
like some of this and I don't like that. Let's take some of this out and put
some of this in," and gets his votes for it and the Boehner bill becomes
something unrecognizable, then goes back to the House, what are they going to
do? They've already passed the Boehner bill under the guise that we can't
wait any longer, that AAA credit rating is in jeopardy, all this rotgut BS.
So that, essentially, is where things stand. Now, back to this Daily Caller
story. The one thing in the Boehner bill, and Democrats don't like this, is
that the debt ceiling doesn't get raised enough to get us through the 2012
election. In other words, the Boehner bill is not a full-fledged Obama
Reelection Lifeline Bill. But that's what Reid wants to turn it into. Now
they're attacking that aspect of the Boehner bill by saying that the
Republicans want to destroy Christmas. "House Speaker and national grinch
John Boehner is planing [sic] to spoil Christmas, White House officials are
claiming, as they try to head off passage of Boehner's two-stage debt ceiling
bill.
"'Happy Holidays[,] America: Boehner plan would have the debt ceiling all
over again during the holiday season, which is critical for the economy,' White
House deputy spokesman Dan Pfeiffer declared today at 9.50 a.m." Now, the
Boehner bill would carry us through next March or April -- or at least, the
last time the Speaker spoke to us that's what he told us, that there would be
enough of an increase in the debt ceiling to get us through the spring.
"White House political adviser David Plouffe made the same claim about
Christmas almost one hour earlier when MSNBC’s [F.] Chuck Todd quizzed him
about the White House’s opposition to Boehner’s two-stage debt ceiling
proposal. ...
"White House spokesman Jay Carney repeated the same theme at his midday
press conference. A two-stage plan that extends the debt ceiling only until
'the holiday season,' he said, 'would almost certainly require almost all of us
to go through this again at the end of the year, the most important economic
season of the country.'" Democrats are pulling out all rhetorical stops.
Pelosi said this morning, "What we're trying to do is save the world from
the Republican budget. We're trying to save life on this planet as we know it
today." That's Pelosi. The CBO has scored both of these bills in such a
way as to make it seem like there's very little difference between them,
spending cut-wise, the Reid and Boehner bills.
There are real differences, but we're supposed to just look at the numbers and
say, "Oh, they're that close? Then let's just split the difference."
When is the last time you heard that the Boehner bill was very close to the
Reid bill? I've never heard that until today -- and they're not close! The Reid
bill counts all kinds of "savings" from the wars in Iraq and
Afghanistan and all kinds of mumbo jumbo in there that Boehner's bill doesn't
have. What is such a victory in there being no tax increases in the Reid debt
ceiling deal? When in the history of the country has there ever been a tax
increase included in the debt ceiling increase? We've mentioned this before: No
debt ceiling increase bill has ever had a tax increase in it, yet this is being
heralded as something unprecedented.
It's not. It's common. There's never a tax increase in a debt ceiling bill.
There could be in this one, though, because the Boehner bill sets up this
commission of unnamed members. They could do whatever they want. It's claimed
that they can't do tax increases, but nothing's going to stop them if they want
to. So the question that we have to ask is: Where is Republican victory in the
Reid bill? Where is the victory in there being no tax increases in the Reid
debt ceiling deal, because there never have been. So that's where we are (at
least that's where I think we are) and they are really hustling and they are
twisting arms on the Republican side. They're using phrases like, "Get
your ass in line." They are saying, "Don't let ideological purity
stand in the way."
Boehner said the same thing before the TARP vote. He said the exact same thing.
He wasn't Speaker then but before the TARP vote in 2000 he said, "It's
crucial. We're at a pressure point in the country where we can't let
ideological purity stand in the right thing to do." They're saying the
same thing now to the Republican freshmen in the House. "You can't let
ideological purity stand in the way of doing the right thing. We've got to do
this now," and their reasoning basically, when you boil it all down, is,
"We've got to do something, no matter what it is, so we don't get blamed
for not doing anything." So that's where we are as I, El Rushbo, see it.
I'd love to be wrong. I love being right, as you well know, but I would love to
be wrong. There are no real spending cuts in either bill. We went through that
yesterday the baseline and all that. There are no real cuts, and certainly not
at all in the Reid bill. So we shall see.
BREAK TRANSCRIPT
RUSH: My gosh, this is really tough for me -- and I'm not complaining for you.
I'm just sharing. If the Boehner bill is stopped, Harry Reid is stopped.
If the Boehner bill passes, then essentially the Harry Reid bill is going to
take the place of the Boehner bill. The Boehner bill will become the Harry Reid
bill. Now, little old me -- sitting here in south Florida, growing up in
Missouri, not part of any establishment -- looks at the establishment and I
think that they have it all wrong. This deal, if after all of this talk about
what a crisis point we are at, is the best that can be done essentially we will
be institutionalizing the debt situation. The establishment that this is the
new normal will make it $2.5 trillion harder to undo what will be done from
this deal. That's what Reid's spending is. Reid's bill is $2.5 trillion of
spending. That's the debt limit increase in the Reid bill. So it takes us from
14.3 up to 16.8.
So that becomes the new normal. Now, if we control all three branches, all
three branches will have to deal with almost $17 trillion in immediate debt
rather than trillions less, and the political situation is not going to be any
better in dealing with it. Let's just advance forward and let's say we do win the
Senate and we do win the presidency in 2012, but we've added $2.5 trillion in
debt between now and then. The political situation is not going to be any
better in terms of dealing with the debt. Plus we're going to have to deal with
entitlements as well. None of this does.
The Reid bill doesn't deal with entitlements and the Boehner bill doesn't deal
with entitlements, and that's where the real hard work is going to be, and so
we're kicking that can down the road. The Republicans want a deal now to get it
off their plate. They want to be able to say that they did the best they could.
"We've taken a good first step." That's what they want, and they want
also to have it said that they compromised. There's magic in that word in
Washington and they're salivating over the opportunity to be called great
compromisers. Politico today, as of 9:43 this morning: "Speaker John
Boehner told lawmakers Thursday that Republicans don’t yet have the votes to
pass the package, but predicted his leadership team would get the legislation
across the finish line this evening.
"'We do not have the votes yet,' Boehner told a closed meeting of House
Republicans Thursday morning... 'But today is the day. We’re going to get it
passed.' ... Rep. Steve Chabot (R-Ohio) also said Boehner admitted not being at
217 votes yet -- the minimum number of votes needed to pass the House. 'I don't
think we're there yet, but I think we will be,' said Chabot, who is backing the
Boehner plan." They're planning an evening vote on Boehner's package to lift
the debt ceiling after the financial markets close this afternoon in New York.
Now, Politico says here Republican "leaders feel momentum has turned in
their direction after the Congressional Budget Office released new estimates
showing the Boehner plan reduces the deficit by more than the bill raises the
debt limit."
You know we're not even talking a trillion dollars here from the current
baseline? Remember yesterday (there's always so much to remember): If you're
just joining us today, if you were not here yesterday, get this: If the Boehner
bill was simply a freeze, not one dime spent next year more than is spent this
year -- we don't increase spending a dime -- the congressional budget office
would score that as a $9.5 trillion cut over 10 years because $9.5 trillion is
built into the baseline from which the federal budget is built every year.
That's how out of whack this is. If we don't spend a dime, the CBO would come
out and claim that Boehner is cutting spending $9.5 trillion, when he's not. There's
no cut in a freeze. There's only a cut if you are going to pretend that you're
going to spend nearly $10 trillion the next 10 years -- which, of course, it's
going to be more than that. The annual budget's over that easily.
The guys at Red State,
reading stuff this morning, and they found an interesting passage in Mike
Allen's Playbook in The Politico. Mike Allen has this thing every morning. It's
sort of a take-off of what the Hotline does, a little Dot, Dot, Dot column on
all that's going on in Washington, politically; what's supposed to happen today
and what happened last night and all kinds of things. It's just the political
junkie's delight. There's this little package, a quote from an unnamed top
Democrat. "The press will obsess about today's House vote on the Boehner
two-step bill, but at best it is an exercise in political machismo. At worst
it's the beginning of the most irresponsible act in congressional history, because
the House bill is dead on arrival in the Senate.
"At least 58 senators are on record saying they will not support the
Boehner bill. That's worse than the Ryan bill. That's worse than Cut, Cap and
Balance. So once the vote is over, Speaker Boehner needs to begin immediately
working on a way out of the mess Cantor created." That's what this top
Democrat is saying. "If he doesn't, we could be in big trouble. There are
dozens of possible compromises. He just has to take one. Reid, McConnell and
the White House have plenty of options. The question is: 'Will he choose
compromise for the sake of the country or political grandstanding for the sake
of his caucus.'" So what they're talking about here is the Democrats are
trying to say that what Boehner is doing is irresponsible.
He's going to send a bill up to the Senate that he knows doesn't have a chance,
and I can tell you their thinking behind that. Their thinking behind that --
and you tell me if you think this makes sense. The Republican thinking is,
"We got a bill, the Boehner bill, the Boehner two-step. We send it up
there and the Senate votes it down, it's their problem. We had a bill! We came
up with deficit reduction! We expanded the debt ceiling. No new taxes. The
Senate shot it down. Therefore, the ball's in the Democrats court and it's
their problem." That's the thinking. This Democrat is saying that's the
most irresponsible act in congressional history. Of course, the Democrat wants
something that Boehner would send something over that Harry Reid and the
Democrats would vote for, but read this very carefully. The Democrat is saying
what I just told you.
Boehner's going to need to begin immediately working on a way out of the mess
because it's still going to be his mess, according to the Democrats. They're
going to say, "The sent us something that we wouldn't possibly pass. He's
trying to make us look like the obstructionist, but he knows we wouldn't vote
for this, so why did he send it to us? So we're going to monkey around with it,
we're going to send it back to him, and we're going to put the compromise onus
back on him again." So the thinking is the Democrats think they can get
away after Boehner and the Republicans might think they've won the day on
compromise. The Democrats say, "Oh no you haven't! You've sent us
something we can't possibly vote for.
"Here. We're going to send it back to you with some changes we're going to
make in it, and it's going to be up to you, Mr. Boehner, to begin immediately
working on a way out of this mess -- and if you don't, we could be in big
trouble." Then Reid, McConnell, and the White House have plenty of
options. Here goes monkying around with the Boehner bill to turn it into
something that the Senate will vote for, and it goes back to Boehner and then the
question: "Will he choose compromise for the sake of the country
or...?" In other words: "Will Boehner agree to the changes the Senate
makes to his bill, or not?" and if he doesn't, the problem then becomes,
"Republicans refuse to compromise," which is what the Democrats want
all along.
Meanwhile, the Republicans think that by dumping this thing in Reid's lap, the
Democrats are going to end up looking like they don't compromise. The Democrats
are a step or two ahead here. That is, if they're not all on the same page and
just playing us for saps anyway. However, as Red State points out here:
"All the Republicans keep telling us that this is the best they can hope
for," that the Boehner two-step is the best they can hope for. That's what
they keep telling us: "We've got to do it now. We've got the best we can
possibly get." So how is it the best they can hope for when it is going to
get less votes in the House and Senate than either Paul Ryan's plan or Cut, Cap
and Balance. They're going backwards on this.
END TRANSCRIPT’
Top 3
Reasons Markets Were Down Despite Apparent Economic Recovery Wall St.
Cheat Sheet, July 28, 2011 [ Come on! Who believes their
pre-election year data, reports, b***s***? There’s desperation in the air and
like never before! ] ‘Markets closed down on Wall Street today: Dow
-0.51% , S&P -0.32% , Nasdaq +0.05% , Oil -0.27% , Gold -0.22 % .
On the
commodities front, Oil fell to $97.14, while precious metals were mixed, with
Gold up slightly to $1,617.40 an ounce and Silver down 1.88% to $39.81 an ounce.
Don’t Miss: Your
Cheat Sheet to the History of the U.S. Debt Ceiling.
Today’s markets
were down because:
1) Jobless
figures. Giving the markets an early boost this morning was news that last week
initial
jobless claims fell below 400,000 for the first time since early April.
Though that number still seems high, economists say that, when jobless claims
fall below 400,000, that means the economy is adding more jobs than it’s
losing. All of the major indices were up this morning on the news, climbing
into the early afternoon before taking a dip. The Dow climbed as high as 12,380
points, but unfortunately wasn’t able to hold onto the morning’s gains,
ultimately settling in the red, as did the S&P 500, with only the Nasdaq
Composite holding on to enough of its gains to finish the day up, though well
below its high just before noon.
2 ) Pending
home sales. Yep, those improved as well. According to the National Association
of Realtors, pending
home sales continued to increase in June, up 2.4% over May and a whopping
19.8% over June 2010. Last month is only the second since April 2010 to show
year-over-year growth, and this upward trend bodes well for the housing market
, which has been slow to recover from the financial crisis.
3) Debt
ceiling. Until Congress agrees on a new budget and a plan to raise the debt
ceiling, markets are going to continue to be weighted down by the pressure of
impending default. It doesn’t matter that unemployment may start to decline, or
that pending home sales are up — if the government defaults on its obligations,
all the progress that’s been made so far will be thrown out the window.’
Minyanville's
T3 Daily Recap: Market Stuns Dip Buyers, Gives Back Big Early Gains ‘During the first half of the day Thursday, the market looked set
to erase most of yesterday's potent down day. Many bulls were calling
yesterday's big selloff a shakeout. Boy, can four hours make a world of
difference. Stocks
began selling off hard after noon as lawmakers continue to squabble over the
debt ceiling deal, which is only days away from the deadline. The Nasdaq
was able toe eke out a narrow gain, but the S&P, and Dow
both closed in the red. Many stocks had huge travel ranges today with the
swinging market, not the least of which was LinkedIn Corp. (LNKD). The stock
at one point was up 15% for the day, but pulled back in hard to close flat.
Overall, now is not a time to try to be a hero. Stay heavily in cash until this
debt deal gets ironed out (or doesn't), don't try to be a hero. Risk reward is
just not in the trader's favor at this stage.’
AAII
Sentiment Survey: Investors are Getting Very Negative About StocksWall
St. Cheat Sheet
Don't
Light That Short Fuse! at Forbes … The markets seem likely to re-test recent
lows, and if key technical levels are broken, an explosion in selling is
possible. The fuse is getting shorter. Consider some selective selling,
and watch these price levels on the major stock index ETFs
… What It Means: The deterioration in the technical picture increases the
chances that the June lows will be tested…’
Another
Late-Hour Stumble at The Wall Street Journal
Dagong
Says Will Cut US Rating As Early As Monday Zero Hedge | “We will react
soon, probably next Monday or Tuesday.”
This
Is What A Collapsing Ponzi Scheme Looks Like David DeGraw | You might want
to sit down for this one.
White
House Says Treasury Will Be “Running On Fumes” Shortly Tyler Durden | The
White House’s press secretary Jay Carney said that the Treasury will be
“running on fumes” if the debt ceiling is not raised by August 2.
Tax
Cuts for the Middle Class and Poor STIMULATE The Economy, But Tax Cuts for the
Wealthy HURT The Economy Washington’s Blog | Extreme conservatives push for
tax cuts … but just for the wealthy.
S&P
softens stance on rating debate Rating agency clarifies that even a
less-than-$4T cut in deficit would allow the U.S. to avoid a downgrade. S&P
cuts Greece rating from CCC to CC (Washington Post) [ Well there you go! If S&P says it, it must
be true … NOT! …; kinda’ like those fraudulent, paper, mortgage-based
derivative securities, etc.. S&P AAA … I mean, at this point, who’s really
counting … a trillion here, a trillion there … heck, so what … Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET If you think the Income
Statement looks bad, you may not want to look at the Balance Sheet. Consensus
estimates for unfunded obligations vary. Mary Meeker pegs the shortfall at $31
trillion, PIMCO's Bill Gross estimates the unreported debt to be $75 trillion,
while other estimates exceed $100 trillion (these amounts are insurmountable) …’ ! IT'S GOING TO HURT 'FOR LONG
TIME TO COME' [ Says tiny tim geithner … thanks for the heads up
tiny tim ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's
Daily 'If you can keep interest rates
this low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and
Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.]
Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
Reports
confirm decelerating economy Debt showdown is coming at a time that the
economy is barely eking out any expansion at all. Beige
book highlights, coast to coast (Washington Post) [U.S.
markets stay calm amid debate Investors are getting antsy without a deal in
Washington, but the markets are not in freak-out mode. (Washington Post) [ Ah,
riiiiight! ‘Cool as cucumbers’ they are. Well, they still got the high
frequency, high volume, lightning speed computer manipulated churn-and-earn
going for them, on the way down as well; but, not alls well. There’ll certainly
be less in the way of funds for them to suck dry through various machinations
which obfuscate and literally hide their already crashed scam. Previous:
(Washington Post) [ Yes … this sounds like a job for … Rosanne
Rosanna Danna formerly of SNL fame, to chime in with a reminder as her mama
always used to say, ‘it’s always something’ … but unfortunately, that somethin’
is not necessarily what they say it is. (from 2010) Reality is that the u.s.
market needs no help from Asia or Ireland or Greece, etc., to fall but here in
the states they would love for you to think that. The fact is that the u.s.
market is way over-valued / over-bought, floating on air and b*** s*** alone in
this new bubble as in the last before the previous crash that the wall
street frauds and insiders commission with high frequency churn-and-earn trade
programs and sell into. I mean, forget about valuations, security
analysis, basic economics, etc. … it’s
suddenly, from out of nowhere, Ireland and China jamming on the breaks …
riiiiight! Come on! That dog don’t hunt no more! Lloyd, infra, lists 17
concerns right off the top. The decline certainly was no mystery to Loundsbury,
Roche, Maierhofer, Hussman, etc., infra, among many others. … Fed Easing Is Not Aimed at
Weakening US Dollar: Dudley [ It doesn’t matter what they say … you can’t believe a word they
say, like no-recession ben shalom bernanke … and, contrary to rhetoric, their
intent was as preceding the last crash was to inflate earnings to froth the
stock market (to create the all too familiar bubble for wall street frauds and
insiders to commission with high frequency churn-and-earn trade programs and
sell into ) by debasing the fiat Weimar dollar currency. ] New York Fed President Bill Dudley, in one
of the first Fed interviews since the central bank’s policy came under attack
at the G20 meetings in Seoul, said critics were “off base” to believe the aim
of the policy is to weaken the U.S. dollar.] U.S. stocks continue recent slide
amid deepening investor anxiety about the global economy. The stock market
continued its recent slide Tuesday amid deepening investor anxiety about the
global economy. Wall Street was worried that Ireland could require a bailout,
that China will jam the brakes on its overheating economy ... Commodities
sink on China, European concerns BusinessWeek Summary Box: Stocks
Sink on Fear of China Slowdown Markets
may be near tipping point U.S. debt default could rock the global economy
at a vulnerable time, with growth already slowing in Asia. (Washington Post) [
‘Tipping point’? ‘May’? Yes, May. You should have sold in May and gone away! The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed! Previous: Suckers’ rally into the close off lows
based on bad news and b*** s*** alone as previously: Initial
unemployment claims rise
to 418000 - Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon
National / World
Stop The Presses: The Fed Can Fund The Treasury With Over
Half A Trillion In Emergency Capital Zero Hedge |
Everyone should immediately forget the relentless lies and fearmongering from
Tim Geithner.
Only a Domestic Terror Attack Can Rescue Brand Obama Paul
Joseph Watson | 2012 defeat is assured unless administration can exploit a
crisis.
Australian Airports To Test Non Irradiating Body Scanners
Steve Watson | Meanwhile, TSA plans to roll out hundreds more crude
radiation firing devices.
DC Soap Opera Update: 17 Republicans To Vote Against
Doomed Boehner Plan In The House Zero Hedge | Here is the latest
soap opera update per Bloomberg.
Federal Scientist Placed on Leave For Dubious ‘Drowning
Polar Bears’ Research AP | Monnett has been placed on administrative
leave and is being investigated for scientific misconduct.
New NASA Data Blows Gaping Hole In Global Warming
Alarmism Forbes | The study indicates far less future global warming
will occur than UN computer models have predicted.
U.S. Military Serviceman Arrested in Alleged Attack on
Fort Hood Fox News | It’s unclear if any possible attack was merely
aspirational in nature.
Busting Posse Comitatus: Military Cops Arrest Civilians
in Florida City Kurt Nimmo | Infowars.com has
reported numerous violations of Posse Comitatus since September 11, 2001.
IMF and CFR Insider Recruited by Obama White House Kurt
Nimmo | Caroline Atkinson has all the right credentials to help the
globalists micromanage their financial crisis.
Polarbeargate
Paul Joseph Watson | Polarbeargate could become the new Climategate.
Media Dwells on Alleged Second Fort Hood Attack Following
Norway Carnage Kurt Nimmo | Man allegedly
possessing weapons and explosives apprehended near Fort Hood, Texas.
Australian Airports To Test Non Irradiating Body Scanners
Steve Watson | Meanwhile TSA plans to roll out hundreds more crude
radiation firing devices.
Genetic Genocide: Humanity’s Greatest Threat Aaron
Dykes & Alex Jones | A Secret That Can Destroy Us…
Obama to Approve ‘Al-Qaeda Embassy’ in Washington Paul
Joseph Watson | State Department sympathetic to recognizing rebel terrorists
who killed U.S. troops.
New NASA
Data Blow Gaping Hole In Global Warming Alarmism
SHARE
YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
ATF Chief Melson:Justice
Department trying to shield officials (LATimes) Serrano
I believe him!
I truly empathize with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real, complicit cover-up / fraud on the part of the federal government, et als:
October 15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).
The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as fbicorrespondencereyes.htm . With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth in the case, inter alia,
- A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
- Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
- Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
- Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
- Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being 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. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Sincerely
and Regards,
Al
Peia
Boehner
orders GOP to fall in line on debt As investors grow increasingly anxious,
House Republican leaders deliver a tongue-lashing to their most conservative
lawmakers and cast Thursday’s roll call as nothing less than a vote of
confidence in their stewardship of the chamber. (Washington Post) [ Mais oui,
mon fuhrer! Vote
on Boehner bill delayed after analysis Washington barreled closer to crisis
as House Speaker Boehner and Senate Majority Leader Reid scrambled to build
support for rival plans to control the national debt, but both appeared doomed
without significant modifications. (Washington Post) [ Psychoanalysis? Oh, yeah
… that other kind of analysis, that deals with numbers and things and logic.
Okay … sounds like a plan … or, at least planning to have a plan. But let’s not
dismiss psychoanalysis so quickly either. After all, they are americans … after
all; and particularly, D.C. Washingtonian americans at that ( I did a brief
paper on psychoanalysis / psychoanalytic method http://albertpeia.com/psychoanalyticmethod82309.htm which is a compelling subject). Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Obama
spars with Boehner as deadline looms The president said in a prime-time
speech that, unless Congress agrees quickly to a long-term increase in the debt
ceiling, “we would risk sparking a deep economic crisis.” In response, the
House speaker said that “the solution to this crisis is not complicated,” but
that he would not give the president a “blank check.” (Washington Post) [ Well,
it’s that darn teleprompter. Yeah, Mr. Teleprompter really craves that prime
time face time; you know, so close to the elections. ‘Grand
bargain’ talks fail as Boehner walks out House Speaker John Boehner’s
abandoning of talks with the White House throws into chaos efforts to raise the
legal limit on government borrowing with just 11 days before the U.S. Treasury
is due to run out of cash. (Washington Post) [ Geeh! And we were all just
getting excited / aroused having been told wobama’s got a Boehner … Not, they
say … but dem PIIGS got problems too. Europe’s
debt crisis threatens Italy (Washington Post) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop …
py. Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next
decade would come from spending cuts and changes to entitlement programs, but
no immediate tax increases. (Washington Post) [Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INCOME STATEMENT:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA BALANCE SHEET: Consensus estimates for
unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion,
PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while
other estimates exceed $100 trillion (these amounts are insurmountable) …’ Moody's
puts U.S. ratings on review for downgrade Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.).
The Plum Line : McCain erupts: Conservatives are lying
to America (Washington Post) [ Talk
about lies and liars, mccain’s been a total fabrication, since Vietnam
particularly. Keating 5 mcCain’s a total fraud (wealthy by that meyer lansky
crowd, he still collects social security, and takes those congressional raises
he votes for). He is, and always has been, a pathetic loser; which, if you look
around you, the nation is inundated with today! … 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)…’…Oh and they so can afford
it Deficit
panel proposes huge cuts (Washington Post) [ Cuts? (This is from 2010 coupled with the same foregoing prior
post) I heard the corrupt, incompetent lawmakers were giving themselves a
raise. They actually deserve at least a 10% paycut and abolition of those
lifetime appointments / permanent corrupt bureaucracies. Nothing succeeds like
failure and crime in pervasively corrupt, defacto bankrupt america! ] Lawmakers
propose curbs on Social Security, cuts in spending and tax hikes if long-term
goals aren't met. ]
Obama
tries to reassure his base
(Washington Post) [ Base? What base? Oh, riiiiight … silly me … that
ethnic thing … you’re talking about baseball … base on balls … as in walk … as
in take a walk, take a hike, etc.. If
election held today, Obama would lose in ‘landslide’ National Journal |
Those polls are even more ominous for the president. Drudgreport: Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job...
GALLUP
SHOCK: 'REPUBLICAN' BEATS OBAMA BY 8%
APPROVE:
42%
Return
of Mass Layoffs a Grim Sign...
Dollar
falls to all-time low against Swiss franc...
Obama Threatens Another Veto...
Just
hours after urging compromise...
Carney
Admits Obama Has No Plan...
CHAOS...
CLOCK
TICKING... NO
PANIC...
6
days from 'default', both sides scrambling...
FURY
OVER STALEMATE BOILS OVER...
House Dem leader urges Obama to raise debt ceiling without Congressional
approval...
SHOCK
POLL: 46% Think Most in Congress Corrupt...
WASHPOST/ABC:
Blacks, liberals flee in droves...
SANDERS:
Obama should face primary challenger...
The
Immelt Way: WH Advisor on Jobs Moving GE X-Ray Business to China...
OBAMA SECRETLY SIGNALS BANKS: 'NO DEFAULT'...
WH
to FOXNEWS: 'Tell your viewers there's nothing to worry about'...
A
party of scorpions The GOP refuses
to be rational in debt talks. (Washington Post) [ I am truly non-partisan. That
said, to ascribe irrationality to one party relative to the other is at best
disingenuous and intellectually dishonest, and at worst, a blatant falsehood
more commonly known as a lie. After all, we are talking about an
insurmountable, unsustainable debtload the likes of which, even if adjusted for
inflation, has never been seen on this planet. A
center vs. right debt fight Obama talks to the middle while Boehner rallies
the right. (Washington Post) [ Oh come on! There’s no justifying woboma here as
some principled, reasonable partisan moving gently to the middle for the sake
of the deal. Rather, he’s the desperate, failed ‘pol’ who’s hearing footsteps
in 2012; who’s told one lie too many ; who’s made the wrong choice one time too
many. People are tired of his b*** s*** and excuses. He’s failed miserably and
yet had the easiest act in the world to follow in the persona of fellow failed
president war criminal dumbya bush whose failed policies up to the real start
of the election cycle he’s largely followed. He’s become the personification of
that age-old joke; viz., (punchline) ‘looks like s***, smells like s***, tastes
like s*** … ‘good thing we didn’t step in it!’ Well, guess what? With ‘wobama
the b’ (for b***s***), we ‘stepped in it’. He’s all that … bad! Milbank:
Dealing with the Default Caucus (Washington Post) [ I just love ‘wobama the b’ (for b***s***)
apologist in chief, Mr. Milbank. He’s so egalitarian; surprising all by his
colloquial reference to whom one might otherwise consider to be his political
polar opposite, and even political nemesis in the persona of Ronald Reagan, so
tritely referred to by Mr. Milbank as ‘The Gipper’ in whom Mr. Milbank posits
the inspiration, ‘heart and soul’, of ‘the new democratic party’. What total
b***s***! How about everyone, including Mr. Milbank, realizing the dire
predicament facing the nation owing to a now familiar political strategy of
‘kicking the can’ down the road a piece till the problem (insolvency of the
nation) has as now become insurmountable and hence, unsolvable. That’s where
we’re at now! .
Top
3 Reasons Markets Were Down on More Debt Ceiling Fears Wall St. Cheat
Sheet July
27, 2011, ‘Markets closed down on Wall Street today: Dow -1.58% ,
S&P -2.02% , Nasdaq -2.65% , Oil -2.26% , Gold -0.22 % .
On the
commodities front, Oil fell to $97.34. Precious metals also fell, with Gold
down to $1,615.80 an ounce and Silver falling 0.86% to $40.35 an ounce.
Don’t Miss: Your
Cheat Sheet to the History of the U.S. Debt Ceiling.
Today’s
markets were down because:
1) Debt
ceiling. Probably the two dirtiest words in the American vocabulary today.
President Obama and members of Congress have been working for months on a
budget deal that both the Republican-led House and the Democrat-led Senate can
agree upon, to no avail. And neither side would agree to raise the debt ceiling
until a deficit-reduction plan is in place. Unfortunately, every bill proposed
so far has been shot down, and Republicans
are hurriedly working on another that will surely be shot down as well, by
members of both the right and left. Democrat and Senate Majority Leader Harry
Reid’s plan has a chance, with a significant amount of bipartisan support, but
we haven’t seen it yet, and it’s questionable whether the plan will make it
through a House vote. Oh yeah, and did I mention that the U.S. credit rating is
likely to be cut even if a bill is passed in time to raise the debt ceiling?
Apparently Reid’s and Boehner’s plans won’t cut enough to make ratings services
happy.
2 ) Weak
economic data. The Fed released their Beige
Book survey today showing that the economic recovery has severely slowed,
only compounding the depressing effect of news that durable goods orders fell
2.1% in June, which had Dow manufacturers like 3M , United Technologies ,
General Electric , and Caterpillar all trading in the red today.
According to the Fed’s report, consumer spending stagnated with higher fuel prices
taking a bite out of disposable income. The report also predicted little
improvement in jobless figures in the second half of the year.
3) Earnings.
Fortunately not all investors are taking their cues from the government. With
earnings report season in full swing, a few companies have seen shares
skyrocket in the last week on better-than-expected earnings reports. Just a few
of the stocks preventing the markets from completely bottoming out are Boeing
and Amazon
. Dunkin Brands also had a
bright IPO today.
BONUS: See
Why Oil Stocks Are in the Gutter.’
Live
Coverage: Robert Shiller and David Blitzer Break Down the Current Housing
Market Wall St. Cheat Sheet
Your
Cheat Sheet to the History of the U.S. Debt Ceiling Wall St. Cheat
Sheet July 26, 2011, ‘We can all thank
President Richard Nixon for current debates over the national budget and the
debt ceiling . In 1973, the debt ceiling was $465 billion, and debt was set to
hit that level in the summer. In order to prevent the government from reaching
its debt ceiling, Nixon took it upon himself to “impound” $3.4 billion in
Congressionally appropriated funds. During that exertion of his executive power
in a situation that should have been left to the legislative branch, he paved
the way for the Congressional Budget and Impoundment Control Act of 1974 ,
which established the Congressional budget process we have today and created
the Congressional Budget Office in order to limit the president’s power in the
future.
Of course, the
history of the debt ceiling dates back much further, to 1917 and the beginning
of U.S. involvement in World War I, when Congress passed the Second Liberty Bond Act in order to raise funds to pay for
the war. Since the act implemented the debt ceiling into law, it has been
increased 77 times, surprisingly common considering the heated debate in
Congress and their inability to make a decision to increase the debt ceiling
until they agree on significant budget cuts. In fact, the debt ceiling has
already been increase three times during Obama’s presidency, twice in 2009 and
once in 2010 when both the House and Senate were led by Democrats.
Don’t Miss: 9
Investments to Hedge Against a US Debt Default.
During
President George W. Bush’s two terms in office, the debt ceiling was raised 7
times, the first time by a Republican-led House and a Democrat-led Senate in
June 2002, the second with a Republican majority in both houses less than a
year later, and the final time by a Democratic majority in both houses in
November 2008. During Bush’s tenure, the debt ceiling was increased from $5.95
trillion to $11.315 trillion.
Historically,
both Republican and Democratic leaders have witnessed significant increases to
the debt ceiling during their tenure, with lawmakers in both parties coming
together to make decisions. During President Clinton’s eight years in office,
the debt ceiling was raised four times, from $4.145 trillion to $5.95 trillion,
an increase of 43.5%, while the debt ceiling was raised a total of 17 times
during President Reagan’s two terms, tripling from $935.1 billion to $2.8
trillion. Even George H.W. Bush saw the ceiling increased four times during his
single term in office. Not including the current administration, 16 presidents
have served a total of 23 terms in office since the Second Liberty Bond Act was
passed. In that time, the debt ceiling was raised 74 times, averaging 3.22
increases per term — nearly once a year.
In that time,
the closest the government ever came to default was a last minute deal in 1979.
Though the deal was finalized in time, computer malfunctions led to $122
million in Treasury payments being delayed, technically amounting to temporary
default and thus permanently increasing interest rates by 0.6%, resulting in
$12 billion in additional annual debt payments, costing the government roughly
$384 billion to date. We can only imagine the toll a default, even temporary,
could take on today’s economy.
Though
majority leadership in both the House and Senate was continually fluctuating,
with divisions within and between Houses, between the legislative and executive
branches, members of each party, no matter how they were divided or which group
was in control, managed to increase the debt ceiling, while avoiding default, a
grand total of 77 times to date.’
Minyanville's
T3 Daily Recap: Market Rocked as Debt Fears Grow at Minyanville
Worst
Day in Two Months Wipes Out Dow's July Gains at The Wall Street
Journal
F-22
Pilots Found With Anti-Freeze, Propane in Bloodstream, Fleet Grounded at
Minyanville ‘…According to the Air Force Times, blood tests of
F-22 pilots showed a host of chemicals, including anti-freeze, propane and
burned polyalphaolefin, a synthetic oil, after flights where they reported
experiencing cognitive problems. These toxins, along with carbon monoxide, may
be causing hypoxia, which is a lack of oxygen. Hypoxia can cause reduced brain
function and memory loss. F-22 pilots reported being unable to remember how to
change radio frequencies and scraping treetops when approaching the runway. In
November 2010, an F-22 crashed in Alaska and the pilot, Capt. Jeffrey
Haney, was killed. Sources told the Air Force Times that in his final
radio calls he sounded drunk, a symptom of hypoxia… There is a lot of nasty
stuff getting pumped into the pilots’ bloodstream through what they’re
breathing from that OBOGS [On-Board Oxygen Generation System] …The source, who
requested anonymity "for fear of retribution," continued: "These guys are getting tested for toxins and
they’ve [gotten] toxins out of their bloodstreams. One of the guys was
expelling propane."In the meantime, Air Force officials say that
"some test pilots at the base are flying their jets under a special waiver
granted to them to test an unrelated software upgrade."The operational
fleet, however, remains grounded, the Air Force Times' Majumdar writes,
"with pilots and ground crews practicing in simulators as much as they
can."But, he explains that "is not a real solution because the pilots
won’t be able to maintain currency."As another former F-22 pilot pointed
out, “After 210 days, they’ve got to start retraining everybody."At $350
million per plane (and $44,000/hr to operate), you'd think this sort of
thing would be covered under warranty.’
The 400 Richest Americans
Pay An 18% Tax Rate
Dick Bové: You Should Be Pissing Your Pants In Fear And Planning On
Staying Wet http://www.albertpeia.com/knownunknown.png Bess Levin ‘She recommends “suspending
investing since all stocks are likely to fall now,” getting liquid, and finding
a “safe haven” where you can draw the blinds and lay low until things blow
over.’
This
Time The Debt Ceiling Hike Really Is Different Zero Hedge| Never before has
the ratio of the proposed debt ceiling to the tax receipt ratio been as high as
it is now.
Sen. Paul
Speaks Out Against Boehner’s Bill Fox News| Paul discusses why he’s not in
support of Rep. John Boehner’s debt limit bill.
Down
To The Wire: Wednesday’s Congressional Vote On Boehner Plan Delayed Until
Thursday Tyler Durden | When describing the Boehner’s plan as perceived by
the CBO we used one key word: “laughable”.
Obama
“Will Not Take Yes For An Answer” On Debt Ceiling Debate Washington’s Blog
| House Speaker John Boehner says … “Unfortunately, the president would not
take yes for an answer,”
U.S.
markets stay calm amid debate Investors are getting antsy without a deal in
Washington, but the markets are not in freak-out mode. (Washington Post) [ Ah,
riiiiight! ‘Cool as cucumbers’ they are. Well, they still got the high
frequency, high volume, lightning speed computer manipulated churn-and-earn
going for them, on the way down as well; but, not alls well. There’ll certainly
be less in the way of funds for them to suck dry through various machinations
which obfuscate and literally hide their already crashed scam. A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.] Check out
this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
Previous: (Washington Post)
[ Yes … this sounds like a job for … Rosanne Rosanna Danna formerly of SNL fame, to chime in with a
reminder as her mama always used to say, ‘it’s always something’ … but
unfortunately, that somethin’ is not necessarily what they say it is. (from
2010) Reality is that the u.s. market needs no help from Asia or Ireland or
Greece, etc., to fall but here in the states they would love for you to think
that. The fact is that the u.s. market is way over-valued / over-bought,
floating on air and b*** s*** alone in this new bubble as in the last before
the previous crash that the wall street frauds and insiders commission
with high frequency churn-and-earn trade programs and sell into. I mean, forget about valuations,
security analysis, basic economics, etc. …
it’s suddenly, from out of nowhere, Ireland and China jamming on the
breaks … riiiiight! Come on! That dog don’t hunt no more! Lloyd, infra, lists
17 concerns right off the top. The decline certainly was no mystery to
Loundsbury, Roche, Maierhofer, Hussman, etc., infra, among many others.
… Fed Easing Is Not Aimed at
Weakening US Dollar: Dudley [ It doesn’t matter what they say … you can’t believe a word they
say, like no-recession ben shalom bernanke … and, contrary to rhetoric, their
intent was as preceding the last crash was to inflate earnings to froth the
stock market (to create the all too familiar bubble for wall street frauds and
insiders to commission with high frequency churn-and-earn trade programs and
sell into ) by debasing the fiat Weimar dollar currency. ] New York Fed President Bill Dudley, in one
of the first Fed interviews since the central bank’s policy came under attack
at the G20 meetings in Seoul, said critics were “off base” to believe the aim
of the policy is to weaken the U.S. dollar.] U.S. stocks continue recent slide
amid deepening investor anxiety about the global economy. The stock market
continued its recent slide Tuesday amid deepening investor anxiety about the
global economy. Wall Street was worried that Ireland could require a bailout,
that China will jam the brakes on its overheating economy ... Commodities
sink on China, European concerns BusinessWeek Summary Box: Stocks
Sink on Fear of China Slowdown Markets
may be near tipping point U.S. debt default could rock the global economy
at a vulnerable time, with growth already slowing in Asia. (Washington Post) [
‘Tipping point’? ‘May’? Yes, May. You should have sold in May and gone away! The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! Previous: Suckers’ rally
into the close off lows based on bad news and b*** s*** alone as previously: Initial
unemployment claims rise
to 418000 - Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon
Data:
Housing market remains weak Home sales and prices are struggling to
recover, creating a drag on the economic recovery. (Washington Post) [ If it
was only just housing creating a drag on the economy. Markets
may be near tipping point U.S. debt default could rock the global economy
at a vulnerable time, with growth already slowing in Asia. (Washington Post) [
‘Tipping point’? ‘May’? Yes, May. You should have sold in May and gone away! The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed! Suckers’ rally into the close off lows based on bad
news and b*** s*** alone as previously: Initial
unemployment claims rise
to 418000 - Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Tech up today? Absolute confirmation of dire
prospects worldwide since american tech is horrendous. Yet, sizzling ‘child’s
play’ is the order of the day and credit still must be given to those [ie.,
Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc for word
processing / data based records/forms/templates/data which I interfaced with
with an electric typewriter for letter quality)] who could (as he) identify such
novelties as the biggest over-priced / over-valued sensations since the hoola
hoop (which were pretty cheap and with some minor health benefits to boot).Take
this run-up as a gift based on fraudulent wall street b***s*** alone and take
this opportunity to sell / take profits / ‘sell today if you missed in may and
then go away’! Nothing has been solved; maybe forestalled. This is the
umpteenth rally based upon the ‘solution’. The ubiquitous problems make the
notion of a ‘Gordian Knot’ a mere tinker toy in comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT If the United States was a corporation - USA Inc. -
here's what the Income Statement would look like:Total federal spending in 2010
amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA
Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7
trillion with a projected deficit of$1.6 trillion. …USA INC. - BALANCE SHEET If you think the
Income Statement looks bad, you may not want to look at the Balance Sheet. Consensus
estimates for unfunded obligations vary. Mary Meeker pegs the shortfall at $31
trillion, PIMCO's Bill Gross estimates the unreported debt to be $75 trillion,
while other estimates exceed $100 trillion (these amounts are insurmountable) …’ Huge suckers’ rally to keep the suckers suckered in this market
based upon backward looking data discounted multiple times to the upside
(including the apple numbers as recently as last week on ‘leaked’ expectations
of ‘better than expected’, etc.), taxpayer funded QE results, and b***s***
alone. This is an especially great opportunity to sell / take profits since
there’s much, much worse to come! IT'S GOING TO HURT 'FOR LONG
TIME TO COME' [ Says tiny tim geithner … thanks for the heads up
tiny tim ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's
Daily 'If you can keep interest rates
this low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and
Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.]
Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
National / World
House Dem Leader Urges Obama to Raise Debt Ceiling
Without Congressional Approval Politico | The Associated Press
reported that he was applauded when he suggested the idea at a caucus meeting
earlier in the day.
If
election held today, Obama would lose in ‘landslide’ National Journal |
Those polls are even more ominous for the president.
TSA Agent Poses As Cop To Harass Woman Paul
Joseph Watson | Incident highlights concerns about federal agency becoming
domestic security force.
NSA Admits It Tracks Americans Via Cell Phones Steve
Watson & Paul Joseph Watson | “There are certain circumstances where that
authority may exist,” said Matthew Olsen the current nominee to head up the
National Counterterrorism Center.
Czech President: Global Warming Doctrine a
Communist-Style Effort to Control Our Lives Herald Sun | “They hate
us, the humans. They consider us dangerous and sinful creatures who must be
controlled by them.”
White House Staffer Knew About Gun Running Operation Last
Fall CNS News | That’s what a high-ranking ATF official told Congress
on Tuesday.
Americans’ debt rage boils over NY Post |
Americans are fed up, and they’re letting Congress have it.
New High: 46% Think Most in Congress Are Corrupt Rasmussen
| Voters are more convinced than ever that most congressmen are crooks.
Gold Hits Record as ‘Go-to Asset’ Amid Debt Stalemate Bloomberg|
Gold for December delivery rose $4.40, or 0.3 percent, to $1,623.70 an ounce by
8:13 a.m.
Obama Strikes Fear Into Americans While Reassuring Big
Banks Paul Joseph Watson | Administration hypes
depression and collapse if debt deal not reached, tells banks the opposite.
Secret Cloning Projects Exposed: Help Us Warn the World TheAlexJonesChannel
| Warn the world that the eugenicists are trying to take over via
genetically-modified clone schemes and more.
Genetic Genocide: Humanity’s Greatest Threat Aaron
Dykes & Alex Jones | A Secret That Can Destroy Us…
Texas DPS “Aggressively” Recruits Former Military Kurt
Nimmo | More evidence of the militarization of law enforcement.
BATF Admits “Guns Walked” Under Fast & Furious Infowars.com
| BATF’s William Newell grilled by House Committee on Oversight and Government
Reform.
TSA Agent Poses As Cop To Harass Woman Paul
Joseph Watson | Incident highlights concerns about federal agency becoming
domestic security force.
NSA Admits It Tracks Americans Via Cell Phones Steve
Watson & Paul Joseph Watson | “There are certain circumstances where that
authority may exist,” said Matthew Olsen the current nominee to head up the
National Counterterrorism Center.
Norwegian Police Unable to Find Link Between Breivik and
“Far Right” Kurt Nimmo | Tough going in all-out
effort to tie killer to groups opposed to wide-open immigration.
The Political Theater and the Debt Ceiling Crisis: Are We
Being Had? Dr. Paul Craig Roberts | Obama said he will not resort to
the various powers open to him to keep government running should Congress fail
to deliver a debt ceiling increase.
SHARE
YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
ATF Chief Melson:Justice
Department trying to shield officials (LATimes) Serrano
I believe him!
I truly empathize with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real, complicit cover-up / fraud on the part of the federal government, et als:
October 15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).
The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as fbicorrespondencereyes.htm . With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth in the case, inter alia,
- A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
- Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
- Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
- Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
- Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being 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. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Sincerely
and Regards,
Al
Peia
Fed
audit highlights possible conflicts Report finds that lending programs
generally have sound management, but also face difficult issues.(Washington
Post) [ Possible? Oh come now! If there’s one man, entity, Washington interest,
etc., that’s been and is concerned with conflicts it’s
‘no-recession-helicopter-ben-b.s.-bernake’ et als and anything that conflicts
with the huge wall street money / paper frauds that continue as we speak of
them. Come on! Does anybody buy any of the b***s*** from him or his ilk.
‘Conflicts are US’ is the prevailing entity / pressure group / reality in
Washington these days and with all the negative, diabolical consequences
therefrom, economically, financially, and otherwise. Geithner
says hard times to continue for many [ But not for his frauds on
wall street for whom everyone’s expected to keep sacrificing; and, ultimately
their negative churn-and-earn in real economic terms has to come from some
place, ie., you, yours, main street, etc., and has manifested in the QE’s,
etc.. Well, there you have it. The product of his, wobama et als’ policies;
viz., unhappy days are here again’ or, hard times for most are here to stay,
or, you get the picture, your pain their gain.
] A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.] Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that
occurred the following year. I now see a similar confluence of events
that warns of phase II of the global crisis.
Once again I
see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on
the exact month, or within one month, of the official start as determined one
year later by the official arbiter of recession, the National Bureau of
Economic Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious
“adjustment” as well.
On July 18,
Goldman Sachs (GS)
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts. The next step will be for them to substantially
reduce earnings forecasts for the S&P 500.
Will the phase
II be as bad as the 2008 crisis? The last crisis was confined to the private
sector, i.e. financial institutions. The next one will be involve the
threatened default of entire countries. The last time, the central banks bailed
out the financial firms and even Warren Buffett bailed out several firms. Who
is big enough to bail out entire countries? Or will the term of “too big to
fail” turn to “too big to bail?”
Gallery:
Key players shaping economic policy (Washington Post) [ Is this some kind of a joke? Key players? If
this were a game, those ‘key players’ would certainly be on the other side /
team. I mean, come on! Look at their results! Nothing short of disasterous.
And, in case you hadn’t noticed, ‘this is no game’. Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.]
Vote
on Boehner bill delayed after analysis Washington barreled closer to crisis
as House Speaker Boehner and Senate Majority Leader Reid scrambled to build
support for rival plans to control the national debt, but both appeared doomed
without significant modifications. (Washington Post) [ Psychoanalysis? Oh, yeah
… that other kind of analysis, that deals with numbers and things and logic. Okay
… sounds like a plan … or, at least planning to have a plan. But let’s not
dismiss psychoanalysis so quickly either. After all, they are americans … after
all; and particularly, D.C. Washingtonian americans at that ( I did a brief
paper on psychoanalysis / psychoanalytic method http://albertpeia.com/psychoanalyticmethod82309.htm which is a compelling subject). Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Obama
spars with Boehner as deadline looms The president said in a prime-time
speech that, unless Congress agrees quickly to a long-term increase in the debt
ceiling, “we would risk sparking a deep economic crisis.” In response, the
House speaker said that “the solution to this crisis is not complicated,” but
that he would not give the president a “blank check.” (Washington Post) [ Well,
it’s that darn teleprompter. Yeah, Mr. Teleprompter really craves that prime
time face time; you know, so close to the elections. ‘Grand
bargain’ talks fail as Boehner walks out House Speaker John Boehner’s
abandoning of talks with the White House throws into chaos efforts to raise the
legal limit on government borrowing with just 11 days before the U.S. Treasury
is due to run out of cash. (Washington Post) [ Geeh! And we were all just
getting excited / aroused having been told wobama’s got a Boehner … Not, they
say … but dem PIIGS got problems too. Europe’s
debt crisis threatens Italy (Washington Post) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop …
py. Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next
decade would come from spending cuts and changes to entitlement programs, but
no immediate tax increases. (Washington Post) [Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT If the United States was a corporation - USA Inc. -
here's what the Income Statement would look like:Total federal spending in 2010
amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA
Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7
trillion with a projected deficit of$1.6 trillion. …USA INC. - BALANCE SHEET If you think the
Income Statement looks bad, you may not want to look at the Balance Sheet.
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ Moody's
puts U.S. ratings on review for downgrade Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.).
Federal
Reserve can’t rescue debacle (Washington Post) [ Are you sure about that?
After all, they’ve certainly been
instrumental in creating this crisis; and for quite some time the fed’s
been admonished for doing exactly that. Here’s a straight shooter from across
the pond who was appalled by what he saw in clinton’s Arkansas / then u.s.
(although his ‘england’ / great britain is worse for wear and has itself
devolved into comparable orwellian and worse madness). ‘The
Kabuki theatre of America’s Debt Ceiling Jul
26th, 2011 by News By
Ambrose Evans-Pritchard (The Telegraph)
http://www.usagold.com/cpmforum —
Calm down. The US will not miss a coupon payment on its $14.3tn debt next
Wednesday.A genuine default would be “Lehman on Steroids” in the words of
Ex-Treasury secretary Larry Summers. Precisely for that reason President Obama
will not pull the trigger, EVEN IF the debt ceiling talks break down in
acrimony. Obama still has a clutch of cards to play, in extremis. [One
example]…the US Treasury could eliminate the Fed’s entire holding of Treasury
bonds at a stroke, gaining an extra two years. This would be a simple
accounting transaction. Ben Bernanke might feel uncomfortable, and gold
might blast to $3,000, but the Bernanke Fed has proved itself supple.’
Your
Cheat Sheet to the History of the U.S. Debt Ceiling Wall St. Cheat
Sheet July 26, 2011, ‘We can all thank
President Richard Nixon for current debates over the national budget and the
debt ceiling . In 1973, the debt ceiling was $465 billion, and debt was set to
hit that level in the summer. In order to prevent the government from reaching
its debt ceiling, Nixon took it upon himself to “impound” $3.4 billion in
Congressionally appropriated funds. During that exertion of his executive power
in a situation that should have been left to the legislative branch, he paved
the way for the Congressional Budget and Impoundment Control Act of 1974 ,
which established the Congressional budget process we have today and created
the Congressional Budget Office in order to limit the president’s power in the
future.
Of course, the
history of the debt ceiling dates back much further, to 1917 and the beginning
of U.S. involvement in World War I, when Congress passed the Second Liberty Bond Act in order to raise funds to pay for
the war. Since the act implemented the debt ceiling into law, it has been
increased 77 times, surprisingly common considering the heated debate in
Congress and their inability to make a decision to increase the debt ceiling
until they agree on significant budget cuts. In fact, the debt ceiling has
already been increase three times during Obama’s presidency, twice in 2009 and
once in 2010 when both the House and Senate were led by Democrats.
Don’t Miss: 9
Investments to Hedge Against a US Debt Default.
During
President George W. Bush’s two terms in office, the debt ceiling was raised 7 times,
the first time by a Republican-led House and a Democrat-led Senate in June
2002, the second with a Republican majority in both houses less than a year
later, and the final time by a Democratic majority in both houses in November
2008. During Bush’s tenure, the debt ceiling was increased from $5.95 trillion
to $11.315 trillion.
Historically,
both Republican and Democratic leaders have witnessed significant increases to
the debt ceiling during their tenure, with lawmakers in both parties coming
together to make decisions. During President Clinton’s eight years in office,
the debt ceiling was raised four times, from $4.145 trillion to $5.95 trillion,
an increase of 43.5%, while the debt ceiling was raised a total of 17 times
during President Reagan’s two terms, tripling from $935.1 billion to $2.8
trillion. Even George H.W. Bush saw the ceiling increased four times during his
single term in office. Not including the current administration, 16 presidents
have served a total of 23 terms in office since the Second Liberty Bond Act was
passed. In that time, the debt ceiling was raised 74 times, averaging 3.22
increases per term — nearly once a year.
In that time,
the closest the government ever came to default was a last minute deal in 1979.
Though the deal was finalized in time, computer malfunctions led to $122
million in Treasury payments being delayed, technically amounting to temporary
default and thus permanently increasing interest rates by 0.6%, resulting in
$12 billion in additional annual debt payments, costing the government roughly
$384 billion to date. We can only imagine the toll a default, even temporary,
could take on today’s economy.
Though
majority leadership in both the House and Senate was continually fluctuating,
with divisions within and between Houses, between the legislative and executive
branches, members of each party, no matter how they were divided or which group
was in control, managed to increase the debt ceiling, while avoiding default, a
grand total of 77 times to date.’
‘What
would Jesus cut?’ (Washington Post) [ Don’t bring Jesus into this! After
all, he’d probably already have been nailed to some cross somewhere in this
pro-israel nouveau new world order ‘roman empire’ at the behest of some nwo
neo-con israeli shill.] A
summer camp for atheists [Camp as in camping?]Welcome to Camp Quest, the
freethinkers’ answer to Bible school, where belief means different things. [ I previously weighed in / wrote: Why
do Americans still dislike atheists? (Washington Post) [ And
not just americans … Why? First and foremost because there is a God. Second, it
is intellectually dishonest to be an atheist. Specifically, there is absolutely
no evidence to dispute the existence of God. While one might similarly argue
that there is no evidence to suggest there is a God (which I would dispute),
which for most is a fair statement, the same would yield at best, if
intellectually honest, the position of ‘agnostic’. I can totally understand and
even empathize with the view of the agnostic. After all, at this point, there
seems to be ‘no rhyme nor reason’ at all. But, think binary, positives /
negatives. Just too many negatives. Think ‘capital punishment’. No, the world’s
not going to end in 2012 as some fear. Rather, think slow burn; decades at
best; then ‘poof’. In the scheme of things, this world’s just not that
important (apes,
notochordates, and initially single celled organisms). ] Science
and religion: God didn't make man; man made gods http://discussions.latimes.com/20/lanews/la-oe-thompson-atheism-20110718/10
Among the songs I have chord charts for (courtesy of my guitar instructor), I
know the words to the song. I’m all for peace because it’s rational. ‘No
possessions’, John Lennon didn’t give up one. He even was pro-Reagan
politically. Have you taken a really close look at this world today and what
man’s created, ‘mr. and mrs. pro-science and reason’. You obviously take
delight in speaking about a subject far beyond your own capacity to truly
understand; and then your non-sequitor, unprovable conclusions. Quite simply,
the authors of this article are pathetic and merely seem to be looking
desperately for an audience; a niche where really profound truth gives way as
does form over substance. Once again, you are pathetic! Harold
Camping reaffirms October date for the end of the world, says May 21 date was
'invisible judgment day' (The Washington Post) [ I comment here not owing
to the importance of the latest ‘prediction’ by camping who’s probably ‘been
camping’ too long in the nether reaches of the atmosphere (affects the brain,
‘neural firing’ in a negative fashion); but to allay public concerns, and
particularly for those suffering from generalized anxiety disorder, to subtract
one life circumstance from their unrealistic worry; and, because I had
previously commented as set forth infra. No! The world will not be ending on
October 21, 2011 or any other date as set forth by camping. Indeed, God needs
no mathematics, formulae, or codes to surreptitiously convey the end; his hand
ultimately unmistakably known to all. You’ll know it when you see it. As for
camping, let’s play umpires and predict the future; strike three, he’s out. Harold
Camping: the heart of the doomsday frenzy
(Los Angeles Times) The last-minute
rapture reading list (Los Angeles Times) [Drudgereport: Preacher made same prediction
in 1994... Doomsday church thriving,
worth $72 million... [Previous: ‘End
of Days’ message rolls into D.C.
(Washington Post) The
potentially rotten news that the world will end on May 21 arrived plastered on
a caravan of RVs. [ Gee … little premature … you know, that 2012, end of Mayan
calendar, Nostradamus thing … I previously weighed in / wrote: Why
do Americans still dislike atheists? (Washington Post) [ And
not just americans … Why? First and foremost because there is a God. Second, it
is intellectually dishonest to be an atheist. Specifically, there is absolutely
no evidence to dispute the existence of God. While one might similarly argue
that there is no evidence to suggest there is a God (which I would dispute),
which for most is a fair statement, the same would yield at best, if
intellectually honest, the position of ‘agnostic’. I can totally understand and
even empathize with the view of the agnostic. After all, at this point, there
seems to be ‘no rhyme nor reason’ at all. But, think binary, positives /
negatives. Just too many negatives. Think ‘capital punishment’. No, the world’s
not going to end in 2012 as some fear. Rather, think slow burn; decades at
best; then ‘poof’. In the scheme of things, this world’s just not that
important (apes,
notochordates, and initially single celled organisms). ]
A
party of scorpions The GOP refuses
to be rational in debt talks. (Washington Post) [ I am truly non-partisan. That
said, to ascribe irrationality to one party relative to the other is at best
disingenuous and intellectually dishonest, and at worst, a blatant falsehood
more commonly known as a lie. After all, we are talking about an
insurmountable, unsustainable debtload the likes of which, even if adjusted for
inflation, has never been seen on this planet. A
center vs. right debt fight Obama talks to the middle while Boehner rallies
the right. (Washington Post) [ Oh come on! There’s no justifying woboma here as
some principled, reasonable partisan moving gently to the middle for the sake
of the deal. Rather, he’s the desperate, failed ‘pol’ who’s hearing footsteps
in 2012; who’s told one lie too many ; who’s made the wrong choice one time too
many. People are tired of his b*** s*** and excuses. He’s failed miserably and
yet had the easiest act in the world to follow in the persona of fellow failed
president war criminal dumbya bush whose failed policies up to the real start
of the election cycle he’s largely followed. He’s become the personification of
that age-old joke; viz., (punchline) ‘looks like s***, smells like s***, tastes
like s*** … ‘good thing we didn’t step in it!’ Well, guess what? With ‘wobama
the b’ (for b***s***), we ‘stepped in it’. He’s all that … bad! Milbank:
Dealing with the Default Caucus (Washington Post) [ I just love ‘wobama the b’ (for b***s***)
apologist in chief, Mr. Milbank. He’s so egalitarian; surprising all by his
colloquial reference to whom one might otherwise consider to be his political
polar opposite, and even political nemesis in the persona of Ronald Reagan, so
tritely referred to by Mr. Milbank as ‘The Gipper’ in whom Mr. Milbank posits
the inspiration, ‘heart and soul’, of ‘the new democratic party’. What total
b***s***! How about everyone, including Mr. Milbank, realizing the dire
predicament facing the nation owing to a now familiar political strategy of
‘kicking the can’ down the road a piece till the problem (insolvency of the
nation) has as now become insurmountable and hence, unsolvable. That’s where
we’re at now! . Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been
so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME STATEMENT If the United States was a
corporation - USA Inc. - here's what the Income Statement would look like:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA
INC. - BALANCE SHEET If you think the Income Statement looks bad, you may not
want to look at the Balance Sheet. Consensus estimates for unfunded obligations
vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross
estimates the unreported debt to be $75 trillion, while other estimates exceed
$100 trillion (these amounts are insurmountable) …’ IT'S
GOING TO HURT 'FOR LONG TIME TO COME' [ Says tiny tim geithner …
thanks for the heads up tiny tim ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell Is
America The Next Greece? at Forbes Marc Schindler ‘After
many years of overeating (overspending) Greece is in the emergency room with a
major financial heart attack and America isn’t far behind.The doctors (IMF,
European finance ministers, the ECB, etc.) are running around trying to save
it. Open heart surgery (loans guaranteed by others) has averted the immediate
crisis, but Greece is just as overweight today as it was before the crisis.
Attempts to lose weight through exercise (austerity measures) cause serious
chest pains (riots). The doctors don’t want to admit it, but all signs point to
a heart transplant (default) as the only way to get Greece onto its feet
again.Greece isn’t the only one. It is a veritable epidemic. Ireland, Italy,
Portugal, Spain and a host of other countries are having chest pains. Iceland
is feeling better now with its freshly transplanted heart. The American home
owner is still in the hospital from his financial heart attack after gobbling
up vast quantities of real estate, and it has been many decades since Uncle Sam
last could see his toes. By most
accounts (e.g. here
or Bill
Gross‘ statements in a recent interview) total hidden government
liabilities add up to about $60-$100 trillion. That is on top of the $14
trillion of debt carried on the balance sheet. Adding up those liabilities, the
US owes at least five times GDP, which currently sits at about $15 trillion.
For comparison, Greece’s debt is about 1.5 times its GDP…’ Pity the Policymakers July 21st, 2011 by News
by Mohamed A. El-Erian (Project Syndicate) — ‘I don’t know about you,
but whenever I am in an airplane experiencing turbulence, I draw comfort from
the belief that the pilots sitting behind the cockpit’s closed door know what
to do. I would feel very differently if, through an open door, I observed
pilots who were frustrated at the poor responsiveness of the plane’s controls,
arguing about their next step, and getting no help whatsoever from the
operator’s manuals. So it is unsettling that policymakers in many Western
economies today resemble the second group of pilots. This perception reflects
not only the contradictory pronouncements and behavior of policymakers, but
also the extent to which economic outcomes have consistently fallen short of
their expectations.This perception is evident in Europe, the United States, and
Japan, where indicators of economic sentiment are deteriorating again,
already-weak recoveries are stalling, and over-stretched balance sheets are
becoming even more precarious.’
Will:
Obama is the debt problem (Washington Post) [ If ‘wobama the b’ (for b***s***) was only the
debt problem, there’d be some hope. But alas, Mr. Perma War, Mr. No Pros Wall
Street, Mr. Teleprompter, and more all rolled into one, it’s difficult now to
see where one wobama-induced (by failing to heed his own campaign promises upon
which he was elected) problem ends and another begins. Indeed, an amorphous
amalgamation of problematic scenarios that defy, based on his/their own own
lack of perspective/knowledge, their ability to identify the problems much less
solve them. America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
We've
Now Seen 8 Weeks Of Consecutive Declines For This Recession Indicator Doug Short, Read more: http://www.businessinsider.com/author/doug-short#ixzz1TAkQXD6B
US
Equities Forecast and the Anticipated Path of the Market at
Minyanville Peter Prudden
July 25, 2011 The market continues to pull back on global macro problems, and
conversely, trade higher on short-term debt solutions, robust Q2 earnings, and
recent improving economic data.
In
early May my thesis on the market was setting up for a significant market
crash, based upon an unsustainable bid occurring in equities. The damage
manifesting under the hood was indicative of such a crash comparable to 1987;
one that would result in testing the March 2009 lows. Since that time, the
market has undergone a consolidation process through time rather than a
function of lower prices.
I see two distinct developments that will shape our direction over the short,
intermediate and long term.
US Equity Market Forecasts and Key Assumptions
The market continues to pull back on global macro problems, and conversely,
trade higher on short-term debt solutions, robust Q2 earnings and recent
improving economic data. Beneath the surface, fundamental deterioration
continues, despite central bank/government efforts to stimulate economic
activity. Share prices benefit from record profit margins and high M&A
activity, yet real GDP, income, and employment growth continue to fade. A
concerning development surfaced last week regarding consumer
credit spending habits. Rising inflation costs on daily
necessities are forcing middle and lower class Americans to their credit cards
for survival. Elevated unemployment and poor housing numbers will continue to
have a lack of improvement.
It is now evident that government intervention will continue and the likely
ramifications won’t be felt until after the 2012 elections. With that said, the
headline risk remains to the downside and the bogey to lower equity prices in
the short to intermediate term is concentrated on the U.S. Debt ceiling. At
some point, not only must all developed economies deal with marking down to the
level of income, but we must restructure large amounts of excess leverage.
Until we accomplish this, growth will be problematic.
Winston Churchill characterized the U.S. when he said, “You can always count on
Americans to do the right thing after they’ve tried everything else.” S&P
said Friday that, even if Congress raises the debt limit in time to avert a
default, it might lower the U.S. sovereign rating to AA+ with a negative
outlook if it isn’t accompanied by a “credible solution” on the debt level.
This would be viewed anything less than $3 trillion and I’m looking for such a
downgrade to come to fruition. S&P forecasts short-term interest rates
would rise by 0.50 percentage points and long-term interest rates by 1
percentage point. The markets are clearly discounting eurozone debt
restructuring and are not pricing in a domestic debt ceiling debacle. If the
equity markets are to take issue with the inability to raise the debt ceiling,
the bullish scenario will in fact become void. We will face continued pressure
across equity markets until a resolution is offered. I expect to encounter a limit
down futures market if the news of a failed debt ceiling passage comes out of
market hours and a similar selling environment as to when TARP originally was
vetoed, down 7.8 percent in one afternoon … http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/ppr7251b.jpg … ’
Live
Coverage: Robert Shiller and David Blitzer Break Down the Current Housing
Market Wall St. Cheat Sheet
Your
Cheat Sheet to the History of the U.S. Debt Ceiling Wall St. Cheat
Sheet July 26, 2011, ‘We can all thank
President Richard Nixon for current debates over the national budget and the
debt ceiling . In 1973, the debt ceiling was $465 billion, and debt was set to
hit that level in the summer. In order to prevent the government from reaching
its debt ceiling, Nixon took it upon himself to “impound” $3.4 billion in
Congressionally appropriated funds. During that exertion of his executive power
in a situation that should have been left to the legislative branch, he paved
the way for the Congressional Budget and Impoundment Control Act of 1974 ,
which established the Congressional budget process we have today and created
the Congressional Budget Office in order to limit the president’s power in the
future.
Of course, the
history of the debt ceiling dates back much further, to 1917 and the beginning
of U.S. involvement in World War I, when Congress passed the Second Liberty Bond Act in order to raise funds to pay for
the war. Since the act implemented the debt ceiling into law, it has been
increased 77 times, surprisingly common considering the heated debate in
Congress and their inability to make a decision to increase the debt ceiling
until they agree on significant budget cuts. In fact, the debt ceiling has
already been increase three times during Obama’s presidency, twice in 2009 and
once in 2010 when both the House and Senate were led by Democrats.
Don’t Miss: 9
Investments to Hedge Against a US Debt Default.
During
President George W. Bush’s two terms in office, the debt ceiling was raised 7
times, the first time by a Republican-led House and a Democrat-led Senate in
June 2002, the second with a Republican majority in both houses less than a
year later, and the final time by a Democratic majority in both houses in
November 2008. During Bush’s tenure, the debt ceiling was increased from $5.95
trillion to $11.315 trillion.
Historically,
both Republican and Democratic leaders have witnessed significant increases to
the debt ceiling during their tenure, with lawmakers in both parties coming
together to make decisions. During President Clinton’s eight years in office,
the debt ceiling was raised four times, from $4.145 trillion to $5.95 trillion,
an increase of 43.5%, while the debt ceiling was raised a total of 17 times
during President Reagan’s two terms, tripling from $935.1 billion to $2.8
trillion. Even George H.W. Bush saw the ceiling increased four times during his
single term in office. Not including the current administration, 16 presidents
have served a total of 23 terms in office since the Second Liberty Bond Act was
passed. In that time, the debt ceiling was raised 74 times, averaging 3.22
increases per term — nearly once a year.
In that time,
the closest the government ever came to default was a last minute deal in 1979.
Though the deal was finalized in time, computer malfunctions led to $122
million in Treasury payments being delayed, technically amounting to temporary
default and thus permanently increasing interest rates by 0.6%, resulting in
$12 billion in additional annual debt payments, costing the government roughly
$384 billion to date. We can only imagine the toll a default, even temporary,
could take on today’s economy.
Though
majority leadership in both the House and Senate was continually fluctuating,
with divisions within and between Houses, between the legislative and executive
branches, members of each party, no matter how they were divided or which group
was in control, managed to increase the debt ceiling, while avoiding default, a
grand total of 77 times to date.’
Soros
Exits And Takes A Cheap Shot At Regulators at Forbes George
Soros Retires From Hedge Fund Management
Top 3
Reasons Markets Were Down After Obama and Boehner Showdown Wall St. Cheat Sheet July 26, 2011, ‘Markets closed down on Wall Street today: Dow -0.72%
, S&P -0.40% , Nasdaq -0.10% , Oil +0.27% , Gold +0.49 %.
On the
commodities front, Oil climbed to $99.47. Precious metals also gained, with
Gold up to $1,622.30 an ounce and Silver climbing 1.50% to $40.97 an ounce.
Don’t Miss: Your
Cheat Sheet to the History of the U.S. Debt Ceiling.
Today’s
markets were down because:
1) Obama/Boehner
. Last week they were working together and everyone was confident that a budget
deal was on its way, but when House Speaker Boehner walked out on talks on
Friday, that no longer looked to be the case. Then last night, Obama addressed
the nation, re-affirming his intention to veto any deal that didn’t include
both tax revenue and spending cuts. Following his address, Boehner
spoke, criticizing Obama’s inability to compromise while himself refusing
to compromise with the president. The Treasury’s deadline is now only 7 days
away, and there isn’t even a complete bill currently before the House or
Senate, and yet investors aren’t panicking. Markets are down, but not as much
as would be expected if the economy was about to be dealt as huge a blow as
would be a government default on the debt . Whether it’s because people don’t understand
just what a default could mean for the economy, or because they are confident
their lawmakers will come to a resolution in time, investors aren’t running
scared. The current state of budget talks may be preventing markets from
climbing excessively, but they don’t seem to be depressing them much either.
2) Earnings.
Were it not for the weight of the debt ceiling, today’s markets may have been
fared better. With 75% of S&P 500 companies beating earnings expectations
in their latest quarters, this earnings season has been overwhelmingly
positive, and points to increased spending that, if given the chance, could
stimulate the economy into the recovery we’ve been waiting on. A lot of the the
biggest earners during the latest quarter were tech companies, including
Chinese Internet search company Baidu
with second quarter earnings climbing 95% over a year earlier, and Apple
reported net income twice that of the previous year.
3) New home
sales. For the second month in a row, new home sales slipped in June, with the
Census Bureau reporting an annual sales rate of 312,ooo new homes last month,
down from 315,000 in May. That’s bad news for the housing market considering
this time of year usually sees increasing sales. However, June sales were still
up 1.6% over last year, so like most of our economic news of late, it’s effect
on the markets hasn’t been wholly negative or positive. And Case-Shiller
said housing prices actually rose month over month’ (but this is a seasonal
thing which was not adjusted as such).
10 Jobs With High Depression Rates
(for the criminally insane frauds on wall street that's literally and
figuratively speaking!)
- Nursing
home/child-care workers
- Food
service staff
- Social
workers
- Health-care
workers
- Artists,
entertainers, writers
- Teachers
- Administrative
support staff
- Maintenance
and grounds workers
- Financial
advisors and accountants
- Salespeople
Recovery
Job Growth Concentrated In Low-Paying Occupations Huffington Post
| Workers navigating the current labor market are facing a “significant good
jobs deficit.”
A lesson from Greece UPI
| Economists seem not so surprised Moody’s Investor’s Service downgraded Greek
bonds.
Geithner
gave Fed official waiver on AIG holdings Reuters |
Geithner waiver allowed William Dudley to hold investments in firms getting
emergency help.
Goldman Launches The SS
QE3 Tyler Durden | Oh well, the recovery was fun while it
lasted.
HuffPo-AOL
Admits We’re in a Depression… Sorta Kurt Nimmo | Few are
calling it what it is — a Greater Depression engineered by the Federal Reserve.
Debt
Ceiling Intransigence: Unintended Consequences… Dr. Paul Craig Roberts |
Which party is responsible for intransigence on raising the debt ceiling? Republicans
say the Democrats are, and Democrats say the Republicans are.
IMF
chief urges U.S. to immediately resolve debt spat Reuters | IMF chief
Christine Lagarde on Tuesday urged the United States to quickly resolve a
political stalemate over raising the debt ceiling.
The
Federal Reserve ADMITS that Its 12 Banks Are PRIVATE – Not Government – Entities
Washintong’s Blog | Much of the tens of trillions in bailout
money and “easy” money from quantitative easing went to foreign banks.
Americans
increasingly unhappy with Washington’s effort on jobs, poll finds More
Americans are unhappy with how both President Obama and congressional
Republicans have handled the economy.
(Washington Post) [ Duh! Ya think? Unemployment
up in 28 states in JuneThe rate for the District surpassed the national
rate, up to 10.4 percent (Washington Post) [ Well there you go say the
bernanken wobomanoids! Great news in that there’s no reported change in 22
other states (yet). Yeah! Happy days are here again! The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! Initial
unemployment claims rise
to 418000 - Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Tech up today? Absolute confirmation of dire
prospects worldwide since american tech is horrendous. Yet, sizzling ‘child’s
play’ is the order of the day and credit still must be given to those [ie.,
Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc for word
processing / data based records/forms/templates/data which I interfaced with an
electric typewriter for letter quality)] who could (as he) identify such
novelties as the biggest over-priced / over-valued sensations since the hoola
hoop (which were pretty cheap and with some minor health benefits to boot).Take
this run-up as a gift based on fraudulent wall street b***s*** alone and take
this opportunity to sell / take profits / ‘sell today if you missed in may and
then go away’! Nothing has been solved; maybe forestalled. This is the
umpteenth rally based upon the ‘solution’. The ubiquitous problems make the
notion of a ‘Gordian Knot’ a mere tinker toy in comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT If the United States was a corporation - USA Inc. -
here's what the Income Statement would look like:Total federal spending in 2010
amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA
Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7
trillion with a projected deficit of$1.6 trillion. …USA INC. - BALANCE SHEET If you think the
Income Statement looks bad, you may not want to look at the Balance Sheet.
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ Huge
suckers’ rally to keep the suckers suckered in this market based upon backward
looking data discounted multiple times to the upside (including the apple
numbers as recently as last week on ‘leaked’ expectations of ‘better than
expected’, etc.), taxpayer funded QE results, and b***s*** alone. This is an
especially great opportunity to sell / take profits since there’s much, much
worse to come! IT'S
GOING TO HURT 'FOR LONG TIME TO COME' [ Says tiny tim geithner …
thanks for the heads up tiny tim ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell ] A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to hard
assets, ie., gold (dow/gold ratio), has actually crashed 78%, and comparable
prospects for the next decade, etc.. ‘…The Dow Jones Index was trading at
11,357 levels at the beginning of the year 2000. More than a decade later (as
of beginning July 2011), the index is at 12582. Therefore, the index has gained
11% in the last ten years…’ Yet, the inflationary dollar (declining) debasement
rate was 31%. (-31%) {See the inflation calculator immediately above the
current date on this page – and that’s just the government (inflation) numbers
… reality is much worse!} Meanwhile, the frauds on wall street are churnin’ and
earnin’ like never before at lightning computerized speeds enabling the
high-frequency trades that are commissioned in unprecedented large volumes; a
big net negative in real economic terms.] Check out this
inflation calculator: http://www.albertpeia.com/inflationcalculator.htm The Economic Collapse ‘The following are 15 examples that show many
Americans have become so desperate that they will do just about anything for
money….
#1 In Utah, one unemployed 28 year old man is offering
to be “human prey” for hunters for the bargain price
of $10,000. For an additional $2,000, he will let people hunt him
down while he is running around naked.
#2 The Huffington Post is
reporting that there has been an epidemic of air conditioning thefts all
over the United States….
Across the
country, in states like Illinois, Texas, Arizona, Georgia and Florida, there
have been reports of thieves stealing unsecured air conditioning units weighing
as much as 125 pounds.
#3
In Corpus Christi, Texas thieves have actually been breaking into funeral
homes in order to steal
the embalming fluid.
#4 Even police officers are committing desperate acts
these days. Just check out what one police officer in Chicago is charged with doing….
A Chicago
Police officer stole $50,000 from his ailing elderly father to pay off his
bills and gambling debts and unsuccessfully attempted to swipe his dad’s
retirement savings by impersonating him
#5
Nothing is off limits to thieves these days. Criminals recently broke
into a southwest Atlanta beauty supply store and took off
with $30,000 in hair extensions.
#6
In another area of Atlanta,
thieves have been breaking down walls and busting bathroom fixtures with
sledgehammers in order to get their hands on copper, brass and steel….
Kids in two
Atlanta communities won’t have their neighborhood pools to help beat the summer
heat, at least for now. Thieves used what is believed to be sledge hammers to
bust walls and break fixtures in bathrooms at Adams and South Bend parks to
steal copper, brass and steel.
#7
One grandmother in Florida has been accused of trying to sell her newborn
grandson for $75,000.
#8
In Antioch, California a total of approximately 300 power poles were recently
knocked down by thieves and stripped of their copper wiring.
#9 In Minnesota recently, a mob of teen girls brutally
pummeled a mother and her two daughters until they were black
and blue. Apparently the mob of teen girls was enraged over a pair of
missing sunglasses.
#10 In Asheville, North Carolina thieves recently took
off with 4 metal tables and
16 metal chairs that were sitting outside a pizzeria.
#11 In Florida, thieves have actually been
stealing storm drain covers.
#12 In Oregon, thieves recently broke into a Salvation
Army community center and stole 3 large air conditioning units.
Now all the people that come to that facility for help and for community
programs this summer will be absolutely sweltering.
#13 In the Cleveland area, two young boys that had set
up a lemonade standwere robbed in broad
daylight. The crooks got away with approximately 12 dollars.
#14 In Oklahoma, thieves recently broke into a church
and stole “arts
and crafts supplies meant to help teach bible stories to children“.
#15 A 59 year old man from North Carolina named Richard
James Verone was so desperate for money that he actually robbed a bank and got caught on
purpose so that he could be put in prison and be given free health care.
Markets
may be near tipping point U.S. debt default could rock the global economy
at a vulnerable time, with growth already slowing in Asia. (Washington Post) [
‘Tipping point’? ‘May’? Yes, May. You should have sold in May and gone away! The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! Previous: Suckers’ rally
into the close off lows based on bad news and b*** s*** alone as previously: Initial
unemployment claims rise
to 418000 - Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon
National / World
Obama Secretly Tells Banks: We’re Not Defaulting Fox
News | The Obama administration has been privately telling top executives at
major U.S. banks that a default will not happen.
Obama Team Threatens to Veto Boehner Debt Plan, House GOP
Revolts | The Obama administration today threatened to veto the
two-step debt reduction plan put up by House Speaker John Boehner.
EU Exploits Norway Massacre to Stifle Dissent Paul
Joseph Watson | European Union to launch “extremist” early warning
system, despite the fact that EU treats legitimate criticism of its own
institution as “extremism”.
TSA Reminds Us All Who The Real Terrorists Are Steve
Watson | Distressed woman filmed receiving full body grope down, cameraman told
“do not talk to her”.
Former Ambassador Links Tea Party to Norway Killer Kurt
Nimmo | Craig Murray, a former British ambassador to Uzbekistan, is attempting
to link up Anders Behring Breivik and the American Tea Party.
Norway Gunman Used Drugs, Thought He Was ‘Warrior,’ His
Lawyer Says NY Times | “He believes that he is in a war and in a war
you can do things like that,”
New polls confirm Obama’s Democratic base crumbles LA
Times | Now, comes a new ABC News/Washington Post poll with a whole harvest of
revelations, among them, strong indications that Obama’s liberal base is
starting to crumble.
Issa: Obama admin intimidating witnesses in ATF gun probe
The Washington Times | The Obama administration sought to intimidate
witnesses into not testifying to Congress on Tuesday.
Guns from U.S. sting at Mexican crime scenes: report Reuters
| At least 122 firearms from a botched U.S. undercover operation have been
found at crime scenes in Mexico or intercepted en route to drug cartels.
Gunman Conspired With “Business and Political Leaders”
Before Massacre Paul Joseph Watson | Breivik
marched with heavily MI5-infiltrated English Defence League in London.
Mutilated
pro-Gaddafi soldiers found dead in rebel-controlled area: report RT
| A mass-grave of alleged pro-Gaddafi soldiers has been discovered in a
rebel-controlled area in Libya
Man
Who Knew Anders Behring Breivik Says He Was Brainwashed RT
| Ulav Andersson, who knows and worked with Breivik, says he may have been
brainwashed.
Europol to
Investigate Non-Islamic Terror Kurt Nimmo | EU agency to
investigate so-called right-wing, although more violence comes from the left.
The Worst Run State in
America? Not California [California’s #2] Oct. 8
2010 ‘Kentucky is worst run state in the nation. The best financially managed
state? Wyoming. And which state has the highest percentage of people living
below the poverty line? Arkansas.
These are just
some of the findings from 24/7
Wall Street’s comprehensive study of states’ financial management. The
rankings were based on a number of metrics including unemployment rate, debt
per capita, home price change between 2006 and 2009 and median household
income.
The study also
found that Delaware (home to many financial services companies) has the
best credit rating in the country. California has the worst credit rating (no
shocker there.) And Texas is home to the lowest percentage of high school
graduates over age 25. Meanwhile, South Carolina and Nevada see the most
violent crime than any other state in the country. (Unfortunately for those
folks in Nevada the state has one of the highest percentages of people without
health insurance.)
24/7 Wall
Street comes to this conclusion about its rankings: “Well-run states have a
great deal in common with well-run corporations. Books are kept balanced.
Investment is prudent. Debt is sustainable. Innovation is prized. Workers are
well-chosen and well-trained. Executives are picked based on merit and not
‘politics.’”
Check out the
list for a few surprises like California coming in as a runner-up for the worst
run state in the country. Thanks to Kentucky’s overall terrible performance,
Governor Schwarzenegger can sleep well knowing someone else is doing a worse
job.
Kentucky’s
troubles include having one of the lowest GDP per capita, it ranks 47th in
median household income, and it’s ranked 49th for having one of the highest
percentages (18.6%) of people below the poverty line. I wonder what the Tea
Party’s favorite Kentucky candidate Rand Paul would say about this.’
Tiger death
in Indonesia blamed on paper firm [ indonesia, as well as india are
going to suffer for their recent killing of those big cats! REPORT:
Mountain Lion Killed in CT Came From SD... add connecticut to the
suffering list!]
SHARE
YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
ATF Chief Melson:Justice
Department trying to shield officials (LATimes) Serrano
I believe him!
I truly empathize with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real, complicit cover-up / fraud on the part of the federal government, et als:
October 15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).
The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as fbicorrespondencereyes.htm . With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth in the case, inter alia,
- A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
- Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
- Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
- Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
- Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being 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. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Sincerely
and Regards,
Al
Peia
Obama
spars with Boehner as deadline looms The president said in a prime-time
speech that, unless Congress agrees quickly to a long-term increase in the debt
ceiling, “we would risk sparking a deep economic crisis.” In response, the
House speaker said that “the solution to this crisis is not complicated,” but
that he would not give the president a “blank check.” (Washington Post) [ Well,
it’s that darn teleprompter. Yeah, Mr. Teleprompter really craves that prime
time face tame; you know, so close to the elections. ‘Grand
bargain’ talks fail as Boehner walks out House Speaker John Boehner’s
abandoning of talks with the White House throws into chaos efforts to raise the
legal limit on government borrowing with just 11 days before the U.S. Treasury
is due to run out of cash. (Washington Post) [ Geeh! And we were all just
getting excited / aroused having been told wobama’s got a Boehner … Not, they
say … but dem PIIGS got problems too. Europe’s
debt crisis threatens Italy (Washington Post) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop …
py. Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next
decade would come from spending cuts and changes to entitlement programs, but
no immediate tax increases. (Washington Post) [Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT If the United States was a corporation - USA Inc. -
here's what the Income Statement would look like:Total federal spending in 2010
amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA
Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7
trillion with a projected deficit of$1.6 trillion. …USA INC. - BALANCE SHEET If you think the
Income Statement looks bad, you may not want to look at the Balance Sheet.
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ Moody's
puts U.S. ratings on review for downgrade Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Political
ends, but little more THE TAKE | By
the time they finished, it was clear why Republicans and Democrats are no
closer to a deal. (Washington Post) [ Political ends? How ‘bout pervasively
corrupt, defacto bankrupt america ends; at least as we knew it! That’s reality!
‘The Take’? Yeah, they’re all on the take!
‘Grand
bargain’ talks fail as Boehner walks out House Speaker John Boehner’s
abandoning of talks with the White House throws into chaos efforts to raise the
legal limit on government borrowing with just 11 days before the U.S. Treasury
is due to run out of cash. (Washington Post) [ Geeh! And we were all just
getting excited / aroused having been told wobama’s got a Boehner … Not, they
say … but dem PIIGS got problems too. Europe’s
debt crisis threatens Italy (Washington Post) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop …
py. Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next
decade would come from spending cuts and changes to entitlement programs, but
no immediate tax increases. (Washington Post) [Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT If the United States was a corporation - USA Inc. -
here's what the Income Statement would look like:Total federal spending in 2010
amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA
Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7
trillion with a projected deficit of$1.6 trillion. …USA INC. - BALANCE SHEET If you think the
Income Statement looks bad, you may not want to look at the Balance Sheet.
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ Moody's
puts U.S. ratings on review for downgrade Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There
is no fixing this and even a Republican said you can’t fool all of the people
all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). A
corporate quandary: Who to bribe? U.S. companies doing deals abroad have a
problem: One guy’s bribe is another’s cost of doing business. (Washington Post) [ Deals abroad? Come on! Wake up! One way or
another, domestic or foreign, in one form or another, bribes are being paid as
standard operating procedure, modus operandi, in, to, and by pervasively
corrupt, defacto bankrupt america and assigns. That’s just the way it is,
however unfortunate; and, in circumstances when you’d least expect it. . Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Fed
audit highlights possible conflicts Report finds that lending programs
generally have sound management, but also face difficult issues.(Washington
Post) [ Possible? Oh come now! If there’s one man, entity, Washington interest,
etc., that’s been and is concerned with conflicts it’s
‘no-recession-helicopter-ben-b.s.-bernake’ et als and anything that conflicts
with the huge wall street money / paper frauds that continue as we speak of
them. Come on! Does anybody buy any of the b***s*** from him or his ilk.
‘Conflicts are US’ is the prevailing entity / pressure group / reality in
Washington these days and with all the negative, diabolical consequences
therefrom, economically, financially, and otherwise. Geithner
says hard times to continue for many [ But not for his frauds on
wall street for whom everyone’s expected to keep sacrificing; and, ultimately
their negative churn-and-earn in real economic terms has to come from some
place, ie., you, yours, main street, etc., and has manifested in the QE’s,
etc.. Well, there you have it. The product of his, wobama et als’ policies;
viz., unhappy days are here again’ or, hard times for most are here to stay,
or, you get the picture, your pain their gain.
] A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are churnin’
and earnin’ like never before at lightning computerized speeds enabling the
high-frequency trades that are commissioned in unprecedented large volumes; a
big net negative in real economic terms.]
Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that
occurred the following year. I now see a similar confluence of events
that warns of phase II of the global crisis.
Once again I
see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on
the exact month, or within one month, of the official start as determined one
year later by the official arbiter of recession, the National Bureau of Economic
Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious
“adjustment” as well.
On July 18,
Goldman Sachs (GS)
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts. The next step will be for them to substantially
reduce earnings forecasts for the S&P 500. Will the phase II be as bad as
the 2008 crisis? The last crisis was confined to the private sector, i.e.
financial institutions. The next one will be involve the threatened default of
entire countries. The last time, the central banks bailed out the financial
firms and even Warren Buffett bailed out several firms. Who is big enough to
bail out entire countries? Or will the term of “too big to fail” turn to “too
big to bail?”
Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Back on December 12, 2007 I wrote a market
commentary that started as follows:
The equity markets have been very volatile this year, but also
range bound. A picture speaks a thousand words so all one needs to do is
view the chart below of the S&P 500 Index to understand just how volatile
and range bound things have been. Specifically, since February 20, 2007,
only nine and one half months or so ago, the S&P 500 Index has been down 5.86%, up 13.02%, down 9.43%, up
11.26%, down 10.09%,
and now up 7.73% – through 12/10/07 – so far in
this
latest up leg! All this in ONLY nine and one half
months!
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-1.jpg
History is
repeating itself so far in 2011, which has been fraught with ups and downs in
both international and domestic equity markets. This is due to many
things, including the considerable economic doubts and various countries debt
situations. This uncertainty has translated into market performance with direct
impacts on portfolio returns and more prominently in portfolio volatility. This
volatility is best seen in the chart below of the S&P 500 Index beginning
1/1/11.
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-2.jpg
2010 ended
positivity and the momentum carried into the first two months of 2011 however
the end of February began a series of events that led market returns on a
whipsaw ride of ups and downs, resulting in the current universal mid-year
views of market uncertainty.
What news was
associated with this volatility? All the usual; crude oil prices, natural
disasters, corporate earnings, politics, economic forecast revisions for both
developed and emerging markets, the European debt situation, the United States
debt situation and more to name just a few.
One thing is
for certain; the current volatile, range bound market activity is difficult at
best to profit from. In this investing environment patience is the most
important attribute. I will be patient and will be careful until the
trends are preferable.
Our strategy
at Hanlon Investment Management is to attempt to minimize downside risk by
exiting risk asset classes, such as equities, during periods of uncertainty,
getting invested in more conservative asset classes, such as money markets and
short-term bonds, and re-entering into risky asset classes when we identify
them as attractive, when the trend is our friend and positive!
Having
identified this volatility, in June we made defensive, tactical investment
decisions that provide less exposure to these volatile, range bound markets and
prepare us to re-enter the markets when they possess improved risk characteristics.’
Though having but 5% of the world’s population, the u.s. has 76%
of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
A
center vs. right debt fight Obama talks to the middle while Boehner rallies
the right. (Washington Post) [ Oh come on! There’s no justifying woboma here as
some principled, reasonable partisan moving gently to the middle for the sake
of the deal. Rather, he’s the desperate, failed ‘pol’ who’s hearing footsteps
in 2012; who’s told one lie too many ; who’s made the wrong choice one time too
many. People are tired of his b*** s*** and excuses. He’s failed miserably and
yet had the easiest act in the world to follow in the persona of fellow failed
president war criminal dumbya bush whose failed policies up to the real start
of the election cycle he’s largely followed. He’s become the personification of
that age-old joke; viz., (punchline) ‘looks like s***, smells like s***, tastes
like s*** … ‘good thing we didn’t step in it!’ Well, guess what? With ‘wobama
the b’ (for b***s***), we ‘stepped in it’. He’s all that … bad! Milbank:
Dealing with the Default Caucus (Washington Post) [ I just love ‘wobama the b’ (for b***s***)
apologist in chief, Mr. Milbank. He’s so egalitarian; surprising all by his
colloquial reference to whom one might otherwise consider to be his political
polar opposite, and even political nemesis in the persona of Ronald Reagan, so
tritely referred to by Mr. Milbank as ‘The Gipper’ in whom Mr. Milbank posits
the inspiration, ‘heart and soul’, of ‘the new democratic party’. What total
b***s***! How about everyone, including Mr. Milbank, realizing the dire
predicament facing the nation owing to a now familiar political strategy of
‘kicking the can’ down the road a piece till the problem (insolvency of the
nation) has as now become insurmountable and hence, unsolvable. That’s where
we’re at now! . Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT If the United States was a corporation - USA Inc. -
here's what the Income Statement would look like:Total federal spending in 2010
amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA
Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7
trillion with a projected deficit of$1.6 trillion. …USA INC. - BALANCE SHEET If you think the
Income Statement looks bad, you may not want to look at the Balance Sheet.
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ IT'S
GOING TO HURT 'FOR LONG TIME TO COME' [ Says tiny tim geithner …
thanks for the heads up tiny tim ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell
Is
America The Next Greece? at Forbes Marc Schindler ‘After
many years of overeating (overspending) Greece is in the emergency room with a
major financial heart attack and America isn’t far behind.The doctors (IMF,
European finance ministers, the ECB, etc.) are running around trying to save
it. Open heart surgery (loans guaranteed by others) has averted the immediate
crisis, but Greece is just as overweight today as it was before the crisis.
Attempts to lose weight through exercise (austerity measures) cause serious
chest pains (riots). The doctors don’t want to admit it, but all signs point to
a heart transplant (default) as the only way to get Greece onto its feet
again.Greece isn’t the only one. It is a veritable epidemic. Ireland, Italy,
Portugal, Spain and a host of other countries are having chest pains. Iceland
is feeling better now with its freshly transplanted heart. The American home
owner is still in the hospital from his financial heart attack after gobbling
up vast quantities of real estate, and it has been many decades since Uncle Sam
last could see his toes. By most
accounts (e.g. here
or Bill
Gross‘ statements in a recent interview) total hidden government
liabilities add up to about $60-$100 trillion. That is on top of the $14
trillion of debt carried on the balance sheet. Adding up those liabilities, the
US owes at least five times GDP, which currently sits at about $15 trillion.
For comparison, Greece’s debt is about 1.5 times its GDP…’ Pity the Policymakers July 21st, 2011 by News by Mohamed A. El-Erian (Project Syndicate) —
‘I don’t know about you, but whenever I am in an airplane experiencing
turbulence, I draw comfort from the belief that the pilots sitting behind the
cockpit’s closed door know what to do. I would feel very differently if,
through an open door, I observed pilots who were frustrated at the poor responsiveness
of the plane’s controls, arguing about their next step, and getting no help
whatsoever from the operator’s manuals. So it is unsettling that policymakers
in many Western economies today resemble the second group of pilots. This
perception reflects not only the contradictory pronouncements and behavior of
policymakers, but also the extent to which economic outcomes have consistently
fallen short of their expectations.This perception is evident in Europe, the
United States, and Japan, where indicators of economic sentiment are
deteriorating again, already-weak recoveries are stalling, and over-stretched
balance sheets are becoming even more precarious.’
Top 3
Reasons Markets Were Down As Lawmakers Freeze Debt Talks
STOCKS
FORGET TO CRASH AS US GETS ONE DAY CLOSER TO DOOM: Here's What You Need To Know
Business Insider Joe Weisenthal, On Monday
July 25, 2011 ‘The market may
crash at some point before the debt ceiling fight is over. But, contra all the
hype, today was not to be that day.
But first, the
scoreboard:
Dow: -84.80
NASDAQ: -14.92
S&P 500: -7.05
And now, the
top stories:
- As noted above, today was really hyped up all
weekend after John Boehner said that he hoped to have a plan by the
time Japan opened up. It evoked weekends circa 2008, when it was a
big deal to have some kind of new bailout before the Japan open.
- Well, they never got a deal over the weekend,
and Japan didn't seem to care. Neither did the US
all that much, and in fact it was very quiet. Futures did initially fall
over 1%, and gold did spike, but really, it was a pretty business-as-usual
day in markets.
- Perhaps the bigger story was actually in Europe,
where all the old contagion trades are back. Italy was really surprisingly ugly again, as the
Greece bailout agreed to last week has failed to create a firewall.
- There was no big corporate news. Netflix earnings are after the ball, so that should
get some interest.
- On the debt ceiling front, Harry Reid came out
with his plan that excludes tax hikes, but mainly finds savings via war. For the full rundown of what happened
today debt-ceiling wise, see here.
Geithner
gave Fed official waiver on AIG holdings Reuters |
Geithner waiver allowed William Dudley to hold investments in firms getting
emergency help.
Stocks
Lag Amid Debt Talk Worries; Gold Soars CNBC.com | Stocks
pared some of their losses Monday, but remained under pressure.
The
Federal Reserve Made $16 Trillion In Secret Loans To Their Bankster Friends
The American Dream | These loans only went to the “too big to
fail” banks and to foreign financial institutions.
Greek
default almost certain, warns Moody’s Bloomberg | Greece’s
long-term foreign currency debt was downgraded to Ca, its second-lowest rating.
25
Reasons To Absolutely Despise Bankers And Their Minions Video
Rebel’s Blog | ‘There is no reason for a national debt. July 25, 2011
#1) Bankers,
according to the London Times, launder about 400 billion dollars a year or more
in illegal weapons sales. The next time you hear of an African war lord killing
families so he can kidnap young boys to become child soldiers and young girls
to become child sex slaves, please remember that this could not have happened
without the active assistance and cooperation of the bankers and the
politicians they own.
#2) Bankers
told American businessmen that entering World War I would make the Great War
last longer which would be good for the United States because it would bankrupt
England, France and Germany. Calvin Coolidge on Veterans Day in 1928 said
America had lost only 30,000 soldiers during the war but another 100,000 since
the war ended. Those men had died of their wounds after the Armistice was
signed. Everyone who died after 1915 in WW I died for bankers and Israel.
#3) Bankers
have been laundering drug money at least since the Opium wars. Currently
bankers launder a trillion dollars a year in drug money. That these illegal
drugs are killing millions of people and destroying cities one family and one
neighborhood at a time is of no concern to them.
#4) Gordon
Duff of Veterans Today tells us that the Global Hawk which is a pilotless drone
version of the U2 Spy plane is frequently used to carry 3,000 pound payloads of
opium paste out of Baluchistan Pakistan. This lucrative opium trade is one
reason why Afghanistan in America’s longest war. America has killed millions of
innocent civilians for nothing. America will one day have to pay that debt.
#5) On
9-10-2001 Donald Rumsfeld told us that he could not trace 2.3 trillion dollars
in Pentagon spending. On 9-11-2001 four planes were electronically hijacked
which together with pre-planted explosives killed 3,000 Americans that day and
many more since in needless wars. 189 people died at the Pentagon. Most of
these were auditors trying to find the missing trillions the bankers and their
friends stole. American taxpayers are treated as indentured servants by the
bankers. We are not allowed to audit the books and demand the return of the
stolen money. Trillions more have gone missing since Rumsfeld promised on 911
to do a better job tracking down that money.
#6) On March
22nd 2000 Susan Gaffney, the Housing and Urban Development Inspector General,
testified before the House Governmental Affairs Committee detailing the 59.6
billion dollars that went missing from HUD during the previous two years. When
asked if she did anything to recover the missing money she said No. If we were
equal to a banker, we would have demanded audits. Years earlier Catherine
Austin Fitts was at HUD under Bush I. She found one block in San Diego that had
20 million dollars in HUD guaranteed loans for buildings that never ever
existed. All of these loans defaulted and were paid for by taxpayers who do not
have the right to audit the books.
#7) Max Keiser
and Stacy Herbert are both American financial experts who now report on gross
banking fraud from their base in Paris. They have made several trips to Dubai
and have told us what multiple bankers told them. American contractors
returning home from Iraq and Afghanistan have deposited suitcases full of money
in Dubai banks. If we did not have a government owned and operated by the
bankers, would any of this be possible?
#8 ) Bankers
financed the Soviet Revolution which allowed their Communist minions to kill
over 60,000,000 real human beings. They deliberately starved 10,000,000 to
death in the Ukraine.
#9) The UN
estimates that worldwide the slave trade traffics 250,000 mostly women and
children a year. Many young children are killed for snuff films by Russian
Jewish mobs. None of this could happen without the active participation and
cooperation of bankers and the governments they own in the United States,
England, Israel, Belgium, France, Portugal and elsewhere around the globe.
#10) Several
years ago documents revealed that the African slave trade was financed through
front men like Aaron Lopez . The African slave trade resulted in the deaths of
millions of human beings en route to North and South America. No estimate has
been made of the numbers killed by the wars over 3 and one half centuries
engendered by the desire to capture their fellow Africans to be sold to the
bankers and their minions. The slave trade would not have been possible without
the active participation and cooperation of the bankers and their governments.
Did I neglect to mention the other end of the African slave trade? Every school
book cites the trade of rum made in Newport Rhode Island by the 21 Jewish
distillers for the slaves of Africa. What they do leave out is the fact that
those distillers also sold rum to Indians who routinely massacred white
settlers while in drunken rages. Then the settlers would take revenge so all
sides except for the distillers and the bankers lost in this trade.
#11) Asia
Times told us that the big international banks launder 500 billion dollars a
year in bribes for politicians. This does not include campaign contributions
and cash payments. Remember the congressman in 2008 who said he had two types
of calls from his constituents about the proposed Banker Bailout. He said some
said No and the rest said Hell No. Yet the Bailout was passed by both Houses
and approved by both Presidential candidates. Now you know why the Congress,
the news media and the President do not listen to you and do not care what
happens to you and your friends and your family.
#12) Bernie
Sanders revealed the Federal Reserve Bank created 16 trillion dollars in loans
over the past couple of years. Many of these loans went overseas. But many of
these sweetheart loans made at negative real interest rates (i.e. below the
rate of inflation) were made to news organizations like NBC-MSNBC-Comcast. This
company is owned by a defense contractor and two Zionist business partners.
MSNBC, which is supposedly the most liberal news source in America, has been
firing and disciplining liberal anti-war newscasters and hosts. This would be
surprising to the casual observer if he or she was not aware of the loans made
by the privately owned Federal Reserve bank.
#13) Back to
that 16 trillion dollar money bomb dropped on the people of the world by the
Federal Reserve. Bankers were bundling up home mortgages into bonds and used
MERS (Mortgage Electronic Registration System) to register their deeds. The
bankers allowed their minions to sell one home mortgage into five different
bonds in effect selling five different people a legal claim to your house.
These bonds were worthless. The ratings agencies Standard and Poor, Fitch and
Moodys gave these bonds triple A ratings in exchange for hefty fees. The banks
did not do due diligence before selling them to banks overseas. They knew the
loans were bad because they bought insurance (Credit Default Swaps) to cash in
on the inevitable losses. More than 6 trillion dollars was paid by the FED to
overseas banks. Why? Because they wanted to keep New York bankers out of jail.
You see those bonds had to go into default and the bankers knew that. A
bondholder whose underlying mortgage went bad would not ask for the return of his
money. But if the mortgages were good, five different companies would come to
collect from one homeowner and the courts might actually have to send bankers
to jail. All the inflation you will see over the next few years will be due to
the active participation of the Federal Reserve in financial fraud. Obviously
those bankers in New York owe Zero Mostel and the writers of the movie script
for the Producers a sizable bonus.
#14) Do you
remember the Presidential election of 2000? I knew Bush would become President
years before. But I remember telling my friends that it was obvious to me that
the Federal Reserve Board was spiking the election in Bush’s favor so we could
go to war. My reasoning was thus: the FED was raising interest rates and
tightening credit so the stock market would go down before election day. If the
market declines in an election year, the incumbents lose seats in both Houses
of Congress and a couple million votes in the Presidential race. Alan Greenspan
made George W Bush President of the United States allowing Bush to invade Iraq
and Afghanistan for Israel. Can I prove Greenspan knew in advance 911 would
happen? One of the Rockefellers told Aaron Russo 911 was coming years in
advance. What Greenspan knew about 911 and when he knew it, we will not know
until we have war crimes trials.
#15) Let’s
revisit the North American Free Trade Act (NAFTA) of 1994. Since that date,
America has lost 50,000 manufacturing plants. America has a little over 3,000
counties with an average population of 100,000. If you divide 4,000 into
50,000, you get an average loss of 13 to 14 manufacturing plants closing and
going overseas per county. This has destroyed local tax bases, government
revenues and jobs resulting in millions of unemployed and millions of foreclosed
homes. Instead of testifying before the Congress and telling the nation what
would happen Greenspan covered it up by printing lots of money. There was no
price inflation, because traditionally a manufacturing based economy has to bid
workers and raw materials away from competitors. Not so since NAFTA. We had no
manufacturing base left to create price inflation. All the monetary inflation
went into the stock market. Greenspan crashed the stock markets to end the dot
com bubble and elect the warmonger Bush. After the dot com bubble went pop,
Greenspan ignited the Housing Bubble. Why do we have a Bubble economy? The
Bankers and their minions sent all the jobs overseas so the only way to make
money in America today is through the Subsidized Bubble Machine known as the
Federal Reserve and the Federal government. Citizens are required to buy
insurance under penalty of law. But the insurance companies who wrote the
Obamacare bill are not required to treat you when you get sick. This is a
subsidized medical system which when the Bubble pops will send wages down, down
down for nurses, doctors, pharmacists, EMTs and others in the health care
field. Local schools and police were in the subsidized Bubble economy but the
implosion of the tax base is forcing layoffs in many cities and states.
Providence Rhode Island gave pink slips to every teacher. Ashtabula county Ohio
(population 102,000) laid off all of the Sheriff deputies save those working in
foreclosures for the courts. This means they have one deputy per shift for the
entire county. A local judge told the residents to buy a gun. We have reached
the point where the only Bubbles left are war and other subsidized government
endeavors. The next sucking sound you hear will be civil service and healthcare
jobs evaporating. This will send the unemployment rate above 30% from its
current 22%. By definition and by law, Bubbles cannot give the illusion of
productive employment and real wealth without the participation and cooperation
of the bankers and the politicians they own.
#16) President John Fitzgerald Kennedy was killed on November 22nd 1963. He had
issued Executive Order 11110 on June 4, 1963 which returned the power of the
Sovereign to issue currency to the Treasury from the FED. JFK was killed and
that Executive Order was never rescinded but his US Treasury Notes which were
non-interest bearing were recalled. I keep making the point on public and in
print everyone else fears to whisper in secret that Kennedy was murdered on the
anniversary of the day the bankers first met in 1910 to draft the legislation
their hired politicians would pass on December 23rd, 1913 during Christmas
break. My point is that the bankers were giving us a message by killing JFK on
the anniversary of their secret meeting. We are peasants and they were born to
rule over us. They have the right to kill your President and you do not have
the right to try them for their crimes.
#17) Martin Luther King was killed on April 4th,
1968. He was killed on the first anniversary of his famous anti-war speech at
Riverside church in New York City. King planned to have a Summer of Ant- War
protest in Washington D.C. He was going to use passive resistance and civil
disobedience to stop the Vietnam War. The Bankers, the Zionists and the
Imperialists could not allow King to win so they killed him. The message to the
American people was that you are peasants, we are the feudal lords and you
cannot refuse to die in our wars. You do not have the right to say No. Robert
Fitzgerald Kennedy and his nephew JFK Jr. were also killed by the same people
though for different reasons.
#18) Dr Alan Sabrosky is a former Director of Studies
at the US Army War College. Dr Steve Pieczenik was deputy Secretary of State
for three Presidents. They are both of Jewish descent. They both say 911 was an
inside job and that Israel did it with the help of traitors inside the US
government. Sabrosky has been telling his former colleagues at the Army War
College that Israel did 911. Do you for one minute believe that Israel could
have done 911 and gotten away with it without the active participation and
cooperation of Jewish Americans on Wall Street and in the government and news
media?
#19) When you go into a bank for a $10,000 loan, the
bank is not lending you Mrs Jonses’ life savings. What the bank is doing is
creating a $10,000 deposit in your checking account. There a few points of
interest in this transaction. The banker only created enough money for you to
pay the principal and not the interest on the loan. The interest on the debt
can only be paid if the banker loans more money out and increases the total
money supply so there is money to make the payments. This is called monetary
inflation and usually leads to price inflation. Another point of interest is
that the banker gets all of the benefit of making the loan and you, even if you
are not part of this transaction, pay for it. How so, you ask? Because your
purchasing power was diminished every time the banker made a loan. Years ago I
remember reading a study of the loss of savings due to banker induced
inflation. It was twice as great as the value of all Social Security payments
received by the elderly. Bot a good deal for anyone involved except bankers who
now want to cancel Social Security benefits but not the taxes you pay in so we
can afford to continue to pay the Banker Bailouts.
#20) The federal government under Presidents Kennedy
and Lincoln issued non-interest bearing currencies. They saw no reason why the
Treasury should not just issue a currency. They did not want to allow the
bankers to create money (i.e. Federal Reserve Notes) they would trade for
Treasury bonds which would require the taxpayers to pay interest on ever
increasing national debts. Eventually, we would create what I have called a
Debt Bomb of Unpayable Debts. The burden of those interest payments becomes
unbearable and we all go in to bankruptcy at which point the bankers buy
everything from us for pennies on the dollar in foreclosure sales with money
they stole from us. Then we and our descendants are permanently reduced to the
status of a landless serf. There is no reason for a national debt other than to
transfer wealth from us to the bankers.
#21) Since there is no reason for a national debt,
there is no reason for Austerity Cuts so wages and benefits to be matched by
taxes on the working and middle classes. The only reason for the European banks
to bailout Greece is so that the banks can keep the Ponzi scheme going long
enough to trade their Greek debts for euro bonds which they can sell and use to
buy gold, silver and oil. All of our sacrifices are for nothing and only
increase their ill gotten gain.
#22) Harry Markopolos took in more than 300 pages of
documented evidence to the SEC to prove to them that Bernie Madoff was stealing
tens of billions of dollars from his mostly Jewish clients. The case was not
hard to prove. Catherine Austin Fitts said the SEC had to do was to match
Madoff’s bank transactions up with his brokerage accounts. So if he was moving
lots of money around in his bank accounts but not buying stocks, then he was an
obvious fraud who needed to be arrested in time for the Evening News. This is
not the end of the story. Markopolos told us that a much greater fraud was
waiting in the wings called Credit Default Swaps (CDS) which he valued at a potential
loss of 600 trillion dollars. This is ten times the total output of the world’s
goods and services. Yet to date neither the House nor the Senate nor the Obama
nor Bush Departments of Justice and SEC have seen fit to ask Mr Markopolos to
come and give evidence. Why? Because all politicians are frightened little
cowards.
#23) CDS were invented by a Jewish girl from England
named Blythe Masters. She is the VP for Global Commodities at JP Morgan. Her
boss is Jamie Dimon who is also Jewish. In 1999 Brooksley Born was Chairwoman
of the CFTC and attempted to regulate CDS which are a hybrid between insurance
and a derivative which is a bet on the future value of a bond or a commodity.
Four Jewish men (Robert Rubin, Larry Summers, Alan Greenspan and Arthur Levitt)
told her that she was not allowed to regulate CDS. That would spoil their fun.
If you remember, I previously mentioned that the purchase of a CDS enabled the
banks to sell bonds they knew to be worthless. It is illegal to do this. The
purchase of a CDS gave the ratings agencies cover to give AAA ratings to zero
value, fraudulently induced, no recourse bonds. Now remember the bailout of
AIG. The banks knew AIG could not cover the losses they knowingly passed on
when they bought CDS, because they both created the moral hazard of less than
junk grade bonds and insured against it. They then went to their kept whores in
the Congress and had them pass legislation that Bush, Obama and McCain approved
of to cover AIG’s losses. It must be so much fun to be a banker, to steal a
nation’s wealth, to start wars, to kill millions of people around the world and
to make up assassination lists of honest politicians.
#24) Jim Willie has a PhD in Statistics. He is so
despised by the bankers that he, Bob Chapman and a few others can no longer
safely live in the United States. He told Max Keiser that in the 1990s the US
Treasury Department sold 2.2 trillion dollars more in Treasury bonds than were
needed to fund the federal deficit. Remember that this was a deficit already
swollen by missing trillions from HUD, Defense and other agencies. Did I tell
you that Indira Singh who worked as a high level computer consultant for the
Big Three New York banks until 911 said the bankers were even stealing from
Social Security. They would enter say a million non-existent recipients into
the computers, give them monthly checks. Those frauds were not part of the 2.2
trillion the bankers put directly into their pockets from the sale of bonds.
Nor does it count those gold bars at Fort Knox which were sold and replaced
with gold plated tungsten. Nor does it include the gold bars the bankers leased
from the government and sols as if the gold were theirs.
#25) Do you remember the newscasters during the
recent Egyptian uprising saying that they lived on two dollars day in Egypt?
The reason for their poverty was that the bankers used the IMF and World Bank
to stop the Egyptians from developing agriculture so they could raise their
standard of living and they could say No to bankers. The banks have forced
Africans to accept Genetically Modified Organisms knowing that they emit
pesticides into your blood and also increase your risk of cancer and sterility.
They also force poor nations like Bolivia to privatize their water resources.
When the bankers did this in Africa, people died of cholera. The bankers grind
every last dollar out of the poor before they kill them. They are taking all
those trillions of dollars from the Bailouts and buying commodities and sending
the price of food and energy higher. In fact prices in a year will be so high
that people who used to have jobs will no longer have enough to pay their bills
and buy food. Those already poor will simply just fie from starvation, or in
riots and revolutions. Maybe the bankers will be kind to the poor and release a
plague that will kill a billion or two billion people.
Finally, I must tell you why I despise bankers. It
might be one of the reasons why all decent and intelligent people everywhere
should hate them. They serve no useful purpose. They have no redeeming
qualities. They steal our money. They lie to us. They impoverish nations They
ridicule our traditions and our way of life. They casually destroy countries.
They destroyed my country America. America was on the road to ruin before I was
born. The bankers are not real human beings. No real man or woman would look
for honest, intelligent men and women who are well respected and then run to a
phone to have them put on a Death List. When the dollar collapses, the bankers
will go down their lists of honest and intelligent and courageous men and women
killing them until we say No More.
Have I convinced you that bankers are pond scum? As
the gladiators used to say in the Roman Coliseum, we are who about to die
salute you. Get your affairs in order. If there is anything you wanted to do,
do it now. My earlier prediction that Benyamin Netanyahu’s plan to launch World
War III in September by attacking Iran in order to prevent a UN vote on
Palestinian statehood might be wrong. But my intuition still says No war now.
Of course I am sticking by my earlier prediction that silver will skyrocket in
price soon. I was writing a series of articles entitled Go Beyond Left and
Right to an Anti-Banker Party. I was diverted though this essay should have been
entitled Part III. I have decided to call the next entry Part IV.’
National / World
Super Congress Will KILL Real Congress TheAlexJonesChannel
| A Super-Congress set up to bypass elected representatives.
Debt Ceiling Intransigence: Unintended Consequences Paul
Craig Roberts | We are talking about a crisis beyond anything the
world has ever seen.
Beck Compares Norwegian Victims to Hitler Youth Kurt
Nimmo | Hypocrisy seems to be Beck’s outstanding character trait.
Norway Killings Prompt Crackdown On Brits Opposed to
Immigration Kurt Nimmo | New enemies are white
people opposed to wide open immigration policies and refusal of government to
enforce national borders and stop illegal immigration.
Norway Killer Warns Of “Two More Cells” Preparing Attacks
Steve Watson | After initially stating that he
acted alone in carrying out Friday’s massacre, Anders Behring Breivik has now
suggested in court that two other “cells” of extremists collaborated with him.
Police Knew Gunman’s Name Before Arrest Paul
Joseph Watson | British news anchor questions how authorities were
aware of Breivik’s identity in advance
Bank Financed Drug Gang Plans to Overthrow Mexican
Government Next Year Kurt Nimmo | Los Zetas has
stockpiled an enormous array of weapons for possible attack.
Sustainability In All Things Except Rational Thinking Sartre
| The current political system is out of control and does not serve or benefit
the interests of our citizens.
Libya
says NATO killed 7 At Hospital, bombed food stocks AFP |
Gaddafi’s regime accused NATO of killing at least seven people in a raid on a
medical clinic and destroying stocks of food on Monday in the western Libyan
town of Zliten.
No
permanent U.S. bases in Afghanistan: U.S. ambassador Reuters |
Washington is negotiating with the Afghan government on a deal to define the
long-term American role in Afghanistan beyond the end of 2014.
Obama: Doing Things On My Own Is Very Tempting CNN
| “The idea of doing things on my own is very tempting, I promise you, not just
on immigration reform.”
Police Knew Gunman’s Name Before Arrest Paul
Joseph Watson | British news anchor questions how authorities were
aware of Breivik’s identity in advance.
Norwegian ‘MI5′ Had Massacre Suspect On List Sky
News | The man accused of killing at least 76 people in a shooting
massacre and car bombing in Norway had been on an intelligence watch list since
March, according to reports.
Norway Killings Prompt Crackdown On Brits Opposed to
Immigration Kurt Nimmo | New enemies are white
people opposed to wide open immigration policies and refusal of government to
enforce national borders and stop illegal immigration.
Norway Killer Warns Of “Two More Cells” Preparing Attacks
Steve Watson | After initially stating that he
acted alone in carrying out Friday’s massacre, Anders Behring Breivik has now
suggested in court that two other “cells” of extremists collaborated with him.
Norway Shooting Suspect Anders Breivik: Attacks Were
‘Price of Their Treason’ ABC News | The man
suspected of killing more than 70 people in a separate bombing and shooting
spree in Norway Friday said he attacked the country’s liberal party because,
the “price of their treason is what they had to pay.”
Norway mass-killer seeks show-trial celebrity AFP
| Behring Breivik’s lawyer told state television his client wanted a
circus.
‘Neo-Nazi, masonic-lodge mindset – Norway’s new brand of
terror’ RT | The bomb in Oslo targeted buildings
connected to Norway’s governing Labour Party, and the youth camp on Utoya
island was also run by it.
U.S. money ended up in Taliban hands: report AFP
| US government funds earmarked ostensibly to promote business in
Afghanistan have landed in Taliban hands.
Anders Behring Breivik: Manufacturing a Patsy? Paul
Joseph Watson | Trusting media portrayal of gunman foolish given how
press got it spectacularly wrong in blaming Muslims.
‘Grand
bargain’ talks fail as Boehner walks out House Speaker John Boehner’s
abandoning of talks with the White House throws into chaos efforts to raise the
legal limit on government borrowing with just 11 days before the U.S. Treasury
is due to run out of cash. (Washington Post) [ Geeh! And we were all just
getting excited / aroused having been told wobama’s got a Boehner … Not, they
say … but dem PIIGS got problems too. Europe’s
debt crisis threatens Italy (Washington Post) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop …
py. Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next
decade would come from spending cuts and changes to entitlement programs, but
no immediate tax increases. (Washington Post) [Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT If the United States was a corporation - USA Inc. -
here's what the Income Statement would look like:Total federal spending in 2010
amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA
Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7
trillion with a projected deficit of$1.6 trillion. …USA INC. - BALANCE SHEET If you think the
Income Statement looks bad, you may not want to look at the Balance Sheet.
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ Moody's puts
U.S. ratings on review for downgrade Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.).
A
corporate quandary: Who to bribe? U.S. companies doing deals abroad have a
problem: One guy’s bribe is another’s cost of doing business. (Washington Post) [ Deals abroad? Come on! Wake up! One way or another, domestic or
foreign, in one form or another, bribes are being paid as standard operating
procedure, modus operandi, in, to, and by pervasively corrupt, defacto bankrupt
america and assigns. That’s just the way it is, however unfortunate; and, in
circumstances when you’d least expect it.
. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Fed
audit highlights possible conflicts Report finds that lending programs
generally have sound management, but also face difficult issues.(Washington
Post) [ Possible? Oh come now! If there’s one man, entity, Washington interest,
etc., that’s been and is concerned with conflicts it’s
‘no-recession-helicopter-ben-b.s.-bernake’ et als and anything that conflicts
with the huge wall street money / paper frauds that continue as we speak of
them. Come on! Does anybody buy any of the b***s*** from him or his ilk.
‘Conflicts are US’ is the prevailing entity / pressure group / reality in
Washington these days and with all the negative, diabolical consequences
therefrom, economically, financially, and otherwise. Geithner
says hard times to continue for many [ But not for his frauds on
wall street for whom everyone’s expected to keep sacrificing; and, ultimately
their negative churn-and-earn in real economic terms has to come from some
place, ie., you, yours, main street, etc., and has manifested in the QE’s,
etc.. Well, there you have it. The product of his, wobama et als’ policies;
viz., unhappy days are here again’ or, hard times for most are here to stay,
or, you get the picture, your pain their gain.
] A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation) numbers
… reality is much worse!} Meanwhile, the frauds on wall street are churnin’ and
earnin’ like never before at lightning computerized speeds enabling the
high-frequency trades that are commissioned in unprecedented large volumes; a
big net negative in real economic terms.]
Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that
occurred the following year. I now see a similar confluence of events
that warns of phase II of the global crisis.
Once again I
see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on
the exact month, or within one month, of the official start as determined one
year later by the official arbiter of recession, the National Bureau of
Economic Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious
“adjustment” as well.
On July 18,
Goldman Sachs (GS)
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts. The next step will be for them to substantially
reduce earnings forecasts for the S&P 500. Will the phase II be as bad as
the 2008 crisis? The last crisis was confined to the private sector, i.e.
financial institutions. The next one will be involve the threatened default of
entire countries. The last time, the central banks bailed out the financial
firms and even Warren Buffett bailed out several firms. Who is big enough to
bail out entire countries? Or will the term of “too big to fail” turn to “too
big to bail?”
Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Back on December 12, 2007 I wrote a market
commentary that started as follows:
The equity markets have been very volatile this year, but also
range bound. A picture speaks a thousand words so all one needs to do is
view the chart below of the S&P 500 Index to understand just how volatile
and range bound things have been. Specifically, since February 20, 2007,
only nine and one half months or so ago, the S&P 500 Index has been down 5.86%, up 13.02%, down 9.43%, up
11.26%, down 10.09%,
and now up 7.73% – through 12/10/07 – so far in
this
latest up leg! All this in ONLY nine and one half
months!
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-1.jpg
History is
repeating itself so far in 2011, which has been fraught with ups and downs in
both international and domestic equity markets. This is due to many
things, including the considerable economic doubts and various countries debt
situations. This uncertainty has translated into market performance with direct
impacts on portfolio returns and more prominently in portfolio volatility. This
volatility is best seen in the chart below of the S&P 500 Index beginning 1/1/11.
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-2.jpg
2010 ended
positivity and the momentum carried into the first two months of 2011 however
the end of February began a series of events that led market returns on a
whipsaw ride of ups and downs, resulting in the current universal mid-year
views of market uncertainty.
What news was
associated with this volatility? All the usual; crude oil prices, natural
disasters, corporate earnings, politics, economic forecast revisions for both
developed and emerging markets, the European debt situation, the United States
debt situation and more to name just a few.
One thing is
for certain; the current volatile, range bound market activity is difficult at
best to profit from. In this investing environment patience is the most
important attribute. I will be patient and will be careful until the
trends are preferable.
Our strategy
at Hanlon Investment Management is to attempt to minimize downside risk by
exiting risk asset classes, such as equities, during periods of uncertainty,
getting invested in more conservative asset classes, such as money markets and
short-term bonds, and re-entering into risky asset classes when we identify
them as attractive, when the trend is our friend and positive!
Having
identified this volatility, in June we made defensive, tactical investment
decisions that provide less exposure to these volatile, range bound markets and
prepare us to re-enter the markets when they possess improved risk
characteristics.’
Though having but 5% of the world’s population, the u.s. has 76%
of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Unemployment
up in 28 states in JuneThe rate for the District surpassed the national
rate, up to 10.4 percent (Washington Post) [ Well there you go say the
bernanken wobomanoids! Great news in that there’s no reported change in 22
other states (yet). Yeah! Happy days are here again! The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed! Initial
unemployment claims rise
to 418000 - Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Tech up today? Absolute confirmation of dire
prospects worldwide since american tech is horrendous. Yet, sizzling ‘child’s
play’ is the order of the day and credit still must be given to those [ie., Steve
Jobs-I’m truly glad he saved Apple, my first computer (apple IIc for word
processing / data based records/forms/templates/data which I interfaced with an
electric typewriter for letter quality)] who could (as he) identify such
novelties as the biggest over-priced / over-valued sensations since the hoola
hoop (which were pretty cheap and with some minor health benefits to boot).Take
this run-up as a gift based on fraudulent wall street b***s*** alone and take
this opportunity to sell / take profits / ‘sell today if you missed in may and
then go away’! Nothing has been solved; maybe forestalled. This is the
umpteenth rally based upon the ‘solution’. The ubiquitous problems make the
notion of a ‘Gordian Knot’ a mere tinker toy in comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT If the United States was a corporation - USA Inc. -
here's what the Income Statement would look like:Total federal spending in 2010
amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA
Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7
trillion with a projected deficit of$1.6 trillion. …USA INC. - BALANCE SHEET If you think the
Income Statement looks bad, you may not want to look at the Balance Sheet.
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ Huge suckers’ rally to keep the suckers suckered in
this market based upon backward looking data discounted multiple times to the
upside (including the apple numbers as recently as last week on ‘leaked’
expectations of ‘better than expected’, etc.), taxpayer funded QE results, and
b***s*** alone. This is an especially great opportunity to sell / take profits
since there’s much, much worse to come!
IT'S GOING TO HURT 'FOR LONG
TIME TO COME' [ Says tiny tim geithner … thanks for the heads up
tiny tim ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's
Daily 'If you can keep interest rates
this low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and
Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ] A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.] Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
Greek
contagion quarantined New crisis measures may finally keep Greece’s
problems from spreading across the continent. (Washington Post) [ Riiiiight!
Quarantined … as in confined to that limited spot … now called the entire
planet earth! ‘Spreading across? How ‘bout now totally intertwined with, and
then some … of the other 6 continents. Come on! Wake up! Moreover, the big
fear, viz., default, has finally been realized; yet, despite all the prior
handwringing over just that, we’re now all told to buy into the ‘good money
after bad’ formulae that served the frauds on wall street, only, so fabulously
in the last and continuing financial / economic debacle / crisis. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! Initial
unemployment claims rise
to 418000 - Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Tech up today? Absolute confirmation of dire
prospects worldwide since american tech is horrendous. Yet, sizzling ‘child’s
play’ is the order of the day and credit still must be given to those [ie.,
Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc for word
processing / data based records/forms/templates/data which I interfaced with an
electric typewriter for letter quality)] who could (as he) identify such
novelties as the biggest over-priced / over-valued sensations since the hoola
hoop (which were pretty cheap and with some minor health benefits to boot).Take
this run-up as a gift based on fraudulent wall street b***s*** alone and take
this opportunity to sell / take profits / ‘sell today if you missed in may and
then go away’! Nothing has been solved; maybe forestalled. This is the
umpteenth rally based upon the ‘solution’. The ubiquitous problems make the
notion of a ‘Gordian Knot’ a mere tinker toy in comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT If the United States was a corporation - USA Inc. -
here's what the Income Statement would look like:Total federal spending in 2010
amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA
Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7
trillion with a projected deficit of$1.6 trillion. …USA INC. - BALANCE SHEET If you think the
Income Statement looks bad, you may not want to look at the Balance Sheet.
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ Huge
suckers’ rally to keep the suckers suckered in this market based upon backward
looking data discounted multiple times to the upside (including the apple
numbers as recently as last week on ‘leaked’ expectations of ‘better than
expected’, etc.), taxpayer funded QE results, and b***s*** alone. This is an
especially great opportunity to sell / take profits since there’s much, much
worse to come! IT'S
GOING TO HURT 'FOR LONG TIME TO COME' [ Says tiny tim geithner …
thanks for the heads up tiny tim ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms. Check out
this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm ] Is
America The Next Greece? at Forbes Marc Schindler ‘After
many years of overeating (overspending) Greece is in the emergency room with a
major financial heart attack and America isn’t far behind.The doctors (IMF,
European finance ministers, the ECB, etc.) are running around trying to save
it. Open heart surgery (loans guaranteed by others) has averted the immediate
crisis, but Greece is just as overweight today as it was before the crisis.
Attempts to lose weight through exercise (austerity measures) cause serious
chest pains (riots). The doctors don’t want to admit it, but all signs point to
a heart transplant (default) as the only way to get Greece onto its feet
again.Greece isn’t the only one. It is a veritable epidemic. Ireland, Italy,
Portugal, Spain and a host of other countries are having chest pains. Iceland
is feeling better now with its freshly transplanted heart. The American home
owner is still in the hospital from his financial heart attack after gobbling
up vast quantities of real estate, and it has been many decades since Uncle Sam
last could see his toes. By most
accounts (e.g. here
or Bill
Gross‘ statements in a recent interview) total hidden government
liabilities add up to about $60-$100 trillion. That is on top of the $14
trillion of debt carried on the balance sheet. Adding up those liabilities, the
US owes at least five times GDP, which currently sits at about $15 trillion.
For comparison, Greece’s debt is about 1.5 times its GDP…’
Milbank:
Dealing with the Default Caucus (Washington Post) [ I just love ‘wobama the b’ (for b***s***)
apologist in chief, Mr. Milbank. He’s so egalitarian; surprising all by his
colloquial reference to whom one might otherwise consider to be his political
polar opposite, and even political nemesis in the persona of Ronald Reagan, so
tritely referred to by Mr. Milbank as ‘The Gipper’ in whom Mr. Milbank posits
the inspiration, ‘heart and soul’, of ‘the new democratic party’. What total
b***s***! How about everyone, including Mr. Milbank, realizing the dire
predicament facing the nation owing to a now familiar political strategy of
‘kicking the can’ down the road a piece till the problem (insolvency of the nation)
has as now become insurmountable and hence, unsolvable. That’s where we’re at
now! . Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so
for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT If the United States was a corporation - USA Inc. -
here's what the Income Statement would look like:Total federal spending in 2010
amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA
Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7
trillion with a projected deficit of$1.6 trillion. …USA INC. - BALANCE SHEET If you think the
Income Statement looks bad, you may not want to look at the Balance Sheet.
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ IT'S
GOING TO HURT 'FOR LONG TIME TO COME' [ Says tiny tim geithner …
thanks for the heads up tiny tim ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell
Is
America The Next Greece? at Forbes Marc Schindler ‘After
many years of overeating (overspending) Greece is in the emergency room with a
major financial heart attack and America isn’t far behind.The doctors (IMF,
European finance ministers, the ECB, etc.) are running around trying to save
it. Open heart surgery (loans guaranteed by others) has averted the immediate
crisis, but Greece is just as overweight today as it was before the crisis.
Attempts to lose weight through exercise (austerity measures) cause serious
chest pains (riots). The doctors don’t want to admit it, but all signs point to
a heart transplant (default) as the only way to get Greece onto its feet again.Greece
isn’t the only one. It is a veritable epidemic. Ireland, Italy, Portugal, Spain
and a host of other countries are having chest pains. Iceland is feeling better
now with its freshly transplanted heart. The American home owner is still in
the hospital from his financial heart attack after gobbling up vast quantities
of real estate, and it has been many decades since Uncle Sam last could see his
toes. By most accounts (e.g. here
or Bill
Gross‘ statements in a recent interview) total hidden government
liabilities add up to about $60-$100 trillion. That is on top of the $14
trillion of debt carried on the balance sheet. Adding up those liabilities, the
US owes at least five times GDP, which currently sits at about $15 trillion.
For comparison, Greece’s debt is about 1.5 times its GDP…’ Pity the Policymakers July 21st, 2011 by News by Mohamed A. El-Erian (Project Syndicate) —
‘I don’t know about you, but whenever I am in an airplane experiencing
turbulence, I draw comfort from the belief that the pilots sitting behind the
cockpit’s closed door know what to do. I would feel very differently if,
through an open door, I observed pilots who were frustrated at the poor
responsiveness of the plane’s controls, arguing about their next step, and
getting no help whatsoever from the operator’s manuals. So it is unsettling
that policymakers in many Western economies today resemble the second group of
pilots. This perception reflects not only the contradictory pronouncements and
behavior of policymakers, but also the extent to which economic outcomes have
consistently fallen short of their expectations.This perception is evident in
Europe, the United States, and Japan, where indicators of economic sentiment
are deteriorating again, already-weak recoveries are stalling, and
over-stretched balance sheets are becoming even more precarious.’
I must say I’m a little disappointed in
Mr. Petruno. Acts? As in what they do in Hollywood? Maybe. But let’s not be
naïve. [ Parenthetically, it should be noted that the LA Times is a dying,
failed newspaper / publisher. ]
Greek
contagion quarantined(Washington Post)[Riiiiight!Quarantined-as in confined
to that limited spot-now called the entire planet earth!Spreading across?How
‘bout now totally intertwined with,and then some,of the other 6 continents.Come
on!Wake up!Moreover,the big fear,viz.,default, has finally been realized; yet,
despite all the prior handwringing over just that, we’re now all told to buy
into the ‘good money after bad’ formulae that served the frauds on wall street,
only, so fabulously in the last and continuing financial/economic debacle/crisis.Watch
Out: 2011 Looks A Lot Like The Market Top In 2007Forbes Deficits
And Stimulus Only Delay The Inevitable Collapse Chapman America is insolvent US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities .. US is actually in worse financial
shape than Greece,etc.Pimco’s Gross told CNBC.Maierhofer:‘USA INCOME STATEMENT:Total federal spending
in 2010=$3.456 trillion.Total receipts=$2.162 trillion. 2010 deficit was $1.294
trillion.2011 federal budget is $3.7 trillion with a projected deficit of$1.6
trillion.USA BALANCE SHEET ..
PIMCO's Gross-unreported debt to be $75 trillion,others>$100 trillion
(insurmountable)’
Science
and religion: God didn't make man; man made gods http://discussions.latimes.com/20/lanews/la-oe-thompson-atheism-20110718/10
Among the songs I have chord charts for (courtesy of my guitar instructor), I
know the words to the song. I’m all for peace because it’s rational. ‘No
possessions’, John Lennon didn’t give up one. He even was pro-Reagan
politically. Have you taken a really close look at this world today and what
man’s created, ‘mr. and mrs. pro-science and reason’. You obviously take
delight in speaking about a subject far beyond your own capacity to truly
understand; and then your non-sequitor, unprovable conclusions. Quite simply,
the authors of this article are pathetic and merely seem to be looking
desperately for an audience; a niche where really profound truth gives way as
does form over substance. Once again, you are pathetic!
SHARE
YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
ATF Chief Melson:Justice
Department trying to shield officials (LATimes) Serrano
I believe him!
I truly empathize with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real, complicit cover-up / fraud on the part of the federal government, et als:
October 15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).
The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as fbicorrespondencereyes.htm . With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth in the case, inter alia,
- A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
- Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
- Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
- Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
- Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being 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. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Sincerely
and Regards,
Al
Peia
Why Apple,
Google And EBay Will Slash And Burn Investors
200-Day
MA Sell Signals - Should You Ignore these Death Crosses?
SHARE
YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
ATF Chief Melson:Justice
Department trying to shield officials (LATimes) Serrano
I believe him!
I truly empathize with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real, complicit cover-up / fraud on the part of the federal government, et als:
October 15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).
The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as fbicorrespondencereyes.htm . With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth in the case, inter alia,
- A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
- Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
- Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
- Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
- Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being 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. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Sincerely
and Regards,
Al
Peia
Top 3
Reasons Markets Were As Mixed Up as U.S. Budget Negotitions Wall
St. Cheat Sheet
July 22, 2011, Markets
closed mixed on Wall Street today: Dow -0.35% , S&P +0.09% , Nasdaq +0.86%
, Oil +0.54% , Gold +0.95 %.
On the
commodities front, Oil climbed to $99.67. Precious metals also gained, with
Gold up to $1,602.10 an ounce while Silver rose 3.06% to $40.14 an ounce…
Today’s
markets were mixed because:
1) No budget
deal . Democrats and Republicans, the House and the Senate, tax hikes vs.
spending cuts…the debate continues as we head into another weekend with no debt
deal. Yesterday the New York Times reported that we were close, but the White
House quickly denied it. There are three main proposals in Congress: the Senate’s “Gang of
Six” plan, which contains both large spending cuts and significant changes to
the tax code; the Obama-Boehner plan, a bit more conservative but still not
being embraced by the right; and the House’s “Cut, Cap and Balance” act that’s
already been rejected by the Senate today, the majority being angered by the
plan’s complete disregard of any tax reform whatsoever. It’s a game of chicken:
Republicans aren’t ceding any ground, expecting the Democrats to flinch first
as they barrel toward the August 2 deadline to raise the debt ceiling.
2) Greek
bailout plan. Yesterday, European leaders held yet another summit to discuss
plans for Greece’s bailout. But this time they came up with a plan of action.
While the plan would allow for Greece to technically go into default, it seemed
the best option for preventing the spread of Greece’s debt problems and for
helping the Greece’s economy to recover. At issue for some time now has been
the level of private sector involvement in the bailout. It was ultimately
decided that as much as 50 billion euros would be raised by private sector
buyers of Greek bonds. The Greece
news boosted global markets and the euro, but wasn’t enough to keep
American markets up as we continue to face our own debt crisis.
3) Tech
sector. The tech-heavy Nasdaq was the only major index to show significant
gains today, with chip makers Sandisk (SDSK) and Advanced Micro Devices leading
the semiconductor sector after reporting better-than-expected
second-quarter earnings and raising their full-year revenue forecasts. Sandisk
closed up 9.62% and AMD closed up 19.23%. Other tech firms rode the wave,
including Micron , Microchip Technology , and Seagate , all gaining over 3%…’
DOW
FALLS, NASDAQ UP AMID THREAT OF IMPENDING DOOM: Here's What You Need To Know
Business Insider Joe
Weisenthal, July 22, 2011, A totally unbelievable
end of the week filled with euphoria, tragedy, and a sense of impending doom.
But first, the
scoreboard:
Dow: -46.47
NASDAQ: +23.42
S&P 500: +0.80
And now, the
top stories:
- We'll break it down by themes. Obviously the day
started with yesterday's huge European bailout announcement. You can read all about it here, but the establishment
of a more fiscally cohesive an flexible European bailout mechanism was
initially treated with huge euphoria. However by the end of the
European day that faded quite a bit.
- In the US, the clock on the debt ceiling fight is rapidly ticking
down, and there's no progress. The number of
suggestions is multiplying at the time they need to be narrowing.
Congressmen on both sides of the aisle are angry about their leaders
selling them out, and yet there's nothing anyone has agreed upon. The
bottom line: This is real. They might not get a deal done, potentially
triggering a catastrophe.
- The day also saw incredible tragedy in Norway.
First a bomb struck a government area in Norway, and then a couple of
hours later, a gunman attacked a youth camp on an island owned by the
ruling labor party, killing 9 or 10. The details and motivations remain
quite scarce, but it's a national tragedy -- one of the worst days in
Norwegian history without a doubt.
- There was some corporate news, most of it pretty
underwhelming. GE reported fine earnings. Caterpillar reported mediocre earnings, and warned about growth in China. That helped
drag down the Dow.
- Bottom line: The market is still figuring that
things will come together on the debt ceiling front next week and that it
won't all go blamo. It's perhaps a dicey proposition ahead of a weekend
where many people are leaving Washington.
- Meanwhile, on the Europe front, check out the 20 banks praying that the bailouts work >
Indebted EU
states can model Iceland Press TV | Debt-ridden EU
countries need to pattern themselves after Iceland.
Banks
Pay Back TARP Funds by… Borrowing From Treasury Yahoo Finance
| Banks repaid cash owed by borrowing from a Treasury-run program.
Oil Prices Rise Reuters
| Oil rose for a third straight session Thursday.
500
Million Debt-Serfs: The European Union Is a Neo-Feudal Kleptocracy Charles
Hugh Smith | All Europeans now serve them as debt-serfs in one way or
another.
Austerity
and Deficit Hawks Say, “Let Them Eat Cake,” The People Will Say, “Off With
Their Heads” AmpedStatus Report | The vultures are
circling above the debt ceiling, along with the austerity and deficit hawks,
ready to pounce on what little remains.
The Fatal
Flaw In Europe’s Second “Bazooka” Bailout: 82 Million Soon To Be Very Angry
Germans, Or How Euro Bailout #2 Could Cost Up To 56% Of German GDP Tyler
Durden | A funny thing happened in Euro spreads today.
A Thousand
Pictures Is Worth One Word BIG GOLD | In spite of constant
headlines about debts and deficits, most Americans don’t really believe the
U.S. dollar will collapse.
Regulators
shut 2 banks in Florida, 1 in Colorado (AP)
Fed
audit highlights possible conflicts Report finds that lending programs
generally have sound management, but also face difficult issues.(Washington
Post) [ Possible? Oh come now! If there’s one man, entity, Washington interest,
etc., that’s been and is concerned with conflicts it’s
‘no-recession-helicopter-ben-b.s.-bernake’ et als and anything that conflicts
with the huge wall street money / paper frauds that continue as we speak of
them. Come on! Does anybody buy any of the b***s*** from him or his ilk.
‘Conflicts are US’ is the prevailing entity / pressure group / reality in
Washington these days and with all the negative, diabolical consequences
therefrom, economically, financially, and otherwise. Geithner
says hard times to continue for many [ But not for his frauds on
wall street for whom everyone’s expected to keep sacrificing; and, ultimately
their negative churn-and-earn in real economic terms has to come from some
place, ie., you, yours, main street, etc., and has manifested in the QE’s,
etc.. Well, there you have it. The product of his, wobama et als’ policies;
viz., unhappy days are here again’ or, hard times for most are here to stay,
or, you get the picture, your pain their gain.
] A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.] Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that
occurred the following year. I now see a similar confluence of events
that warns of phase II of the global crisis.
Once again I
see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows that
“the new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on
the exact month, or within one month, of the official start as determined one
year later by the official arbiter of recession, the National Bureau of
Economic Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious
“adjustment” as well.
On July 18,
Goldman Sachs (GS)
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts. The next step will be for them to substantially
reduce earnings forecasts for the S&P 500.
Will the phase
II be as bad as the 2008 crisis? The last crisis was confined to the private
sector, i.e. financial institutions. The next one will be involve the
threatened default of entire countries. The last time, the central banks bailed
out the financial firms and even Warren Buffett bailed out several firms. Who
is big enough to bail out entire countries? Or will the term of “too big to
fail” turn to “too big to bail?”
Gallery:
Key players shaping economic policy (Washington Post) [ Is this some kind of a joke? Key players? If
this were a game, those ‘key players’ would certainly be on the other side /
team. I mean, come on! Look at their results! Nothing short of disasterous.
And, in case you hadn’t noticed, ‘this is no game’. Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and comparable
prospects for the next decade, etc.. ‘…The Dow Jones Index was trading at
11,357 levels at the beginning of the year 2000. More than a decade later (as
of beginning July 2011), the index is at 12582. Therefore, the index has gained
11% in the last ten years…’ Yet, the inflationary dollar (declining) debasement
rate was 31%. (-31%) {See the inflation calculator immediately above the
current date on this page – and that’s just the government (inflation) numbers
… reality is much worse!} Meanwhile, the frauds on wall street are churnin’ and
earnin’ like never before at lightning computerized speeds enabling the
high-frequency trades that are commissioned in unprecedented large volumes; a
big net negative in real economic terms.]
National / World
Oslo Bombing Tied To CIA-Linked Terrorist Kurt
Nimmo | The media is instinctively blaming al-Qaeda, but there is
another possible culprit.
Oslo Police Conducted Bombing Exercise Days Before
Terrorist Blast Paul Joseph Watson | Drill mirrors
how previous terror events have overlapped security exercises based around same
premise.
Oslo Terror: Whose Agenda Does It Serve? Paul
Joseph Watson | Bombing of government building and mass shooting
arrive as establishment seeks to manufacture “white Al-Qaeda” myth.
White al-Qaeda Narrative Emerging in Norway Terror Attack
Kurt Nimmo | Security experts speculate attacks are
work of both Islamists and right-wing extremists.
Oslo Bombing: Why Would “Terrorists” Attack Near-Empty
Office Building on Public Holiday? Infowars.com |
Why would “terrorists” choose to bomb the building on a day when they know it
will be almost empty?
Oslo Bombing: Is CIA Contact Krekar to Blame? Kurt
Nimmo | The media is instinctively blaming al-Qaeda, but there is
another possible culprit.
Government Is To Blame For Blackouts Alex
Jones & Paul Joseph Watson | Energy companies in Detroit,
Indianapolis warn of coming power outages
Giant blast hits government buildings in Oslo, Norway CNN
| Explosion occurred mid-afternoon in the center of the Norwegian capital.
Feds Profiling Whites, Middle Class Americans As
Terrorists Paul Joseph Watson | Only when
conservatives realize they are as big a target of the “war on terror” as
Muslims will we see the police state dismantled.
Wall
Street Likes Obama 11.8 Million Times More Than Previously Believed at
Minyanville ‘Considering Wall
Street's well-documented distaste for President Obama's economic policies, it
might be logical to assume the lion's share of the donations to his re-election
campaign recently have come from elsewhere.
Instead, a new analysis by the Center for Responsive Politics has
found that "individuals who work in the finance, insurance and real estate
sector are responsible for raising at least $11.8 million for Obama's campaign
and the Democratic National Committee," or about one-third of the $34.95
million his "elite fund-raising corps" brought in during the second
quarter of this year.
The Center's Michael Beckel writes:
The
Center has identified 80 bundlers -- out of 244 whose names were released by the Obama campaign last week
-- who are part of the financial sector. Forty-four specifically work for the
securities and investment industry.
Nine of these 80 bundlers have already raised more than $500,000 -- the top
dollar range given by the Obama campaign. Four of them -- former Goldman
Sachs CEO Jon Corzine, Evercore Partners executive Charles
Myers, Greenstreet Real Estate Partners CEO Steven Green and Azita Raji, a
former investment banker for JPMorgan -- did not bundle money for Obama's 2008
campaign.
The other five finance-related top-tier Obama bundlers, who are bundling for
him again this campaign, are:
·
Mark and Nancy
Gilbert, of Barclays, who worked together to raise money as a couple
·
Blair Effron, of
Centerview Partners
·
Kirk Rudy, of
Endeavor Real Estate
·
Orin Kramer, of
Boston Provident
·
John Emerson, of
Capital Group Companies
Dilling down a bit further, the data,
released earlier today, shows the "Securities & Investment"
industry having raised $7.2 million in Q2, $1.1 million more than the next
highest group, "Lawyers/Law Firms" with $6.1 million.
Rounding out the top five: Business
Services, $3.9 million, Real Estate, $2.3 million, and Misc. Finance, $1.75
million…’
America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP |
Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Pentagon
Warning Order: ‘Prepare for War’ (By September?) Mac Slavo
| The world is just one misstep away from a complete financial, economic and
geo-political meltdown.
‘US
might redeploy Bahrain fleet’ following popular revolution Press TV
| Alarm at revolution against the country’s Washington-backed regime.
U.S. Warplanes Attack
Iraq City Aswat al-Iraq | Raids cover areas of Ufiya and
Abu-Rummana in central Amara.
Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next
decade would come from spending cuts and changes to entitlement programs, but
no immediate tax increases. (Washington Post) [Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been
so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT If the United States was a corporation
- USA Inc. - here's what the Income Statement would look like:Total federal
spending in 2010 amounted to $3.456 trillion. Total receipts added up to $2.162
trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget
is $3.7 trillion with a projected deficit of$1.6 trillion. …USA INC. - BALANCE SHEET If you think the
Income Statement looks bad, you may not want to look at the Balance Sheet.
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’
Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out. (Washington
Post) [ Yeah, dem’ darn PIIGS. Reminds
me of that joke (I won’t repeat it here except the punch line): ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.).
New
Greek rescue plan approved Stronger countries’ creditworthiness is
effectively pledged to help ailing banks or euro-zone governments. (Washington Post) [ Wow! ‘Talk about good
money after bad and going down with the ship!’ Well, they are ‘captains /
pilots’ so to speak and ain’t that what they supposed to do? Pity the Policymakers July 21st, 2011 by News
by Mohamed A. El-Erian (Project Syndicate) — ‘I don’t know about you,
but whenever I am in an airplane experiencing turbulence, I draw comfort from
the belief that the pilots sitting behind the cockpit’s closed door know what
to do. I would feel very differently if, through an open door, I observed
pilots who were frustrated at the poor responsiveness of the plane’s controls,
arguing about their next step, and getting no help whatsoever from the
operator’s manuals. So it is unsettling that policymakers in many Western
economies today resemble the second group of pilots. This perception reflects
not only the contradictory pronouncements and behavior of policymakers, but
also the extent to which economic outcomes have consistently fallen short of
their expectations.This perception is evident in Europe, the United States, and
Japan, where indicators of economic sentiment are deteriorating again,
already-weak recoveries are stalling, and over-stretched balance sheets are
becoming even more precarious.’ Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been
so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘USA INC. - INCOME
STATEMENT If the United States was a
corporation - USA Inc. - here's what the Income Statement would look like:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA INC. - BALANCE SHEET If you think the
Income Statement looks bad, you may not want to look at the Balance Sheet.
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ Standing on the precipice – and ready to jump July 21st, 2011 News By Wolfgang Münchau
( Financial Times) — ‘It looks like there will be deal on a eurozone package
for Greece. The full details are still missing, but it appears that the
eurozone is forcing Greece into a selective default. As part of such a package,
short-term Greek debt will be more or less forcibly converted into long-term
debt. The wretched bank tax is mercifully off the table. And the European
financial stability facility will most likely be allowed to purchase Greek debt
at a discount. LET US NOT MINCE WORDS HERE. THIS WOULD BE
A DEFAULT, THE FIRST BY A WESTERN INDUSTRIALISED COUNTRY IN A GENERATION.
I am
not quite sure how it is possible for the European Central Bank to agree to
this, or to all of this. But I will surely be intrigued to hear how Jean-Claude
Trichet will manage to be consistent with what he said a few days ago. There
are also reports that the eurozone leaders may accept a more flexible EFSF
beyond those bond purchases.’
Will:
Obama is the debt problem (Washington Post) [ If ‘wobama the b’ (for b***s***) was only the
debt problem, there’d be some hope. But alas, Mr. Perma War, Mr. No Pros Wall
Street, Mr. Teleprompter, and more all rolled into one, it’s difficult now to
see where one wobama-induced (by failing to heed his own campaign promises upon
which he was elected) problem ends and another begins. Indeed, an amorphous
amalgamation of problematic scenarios that defy, based on his/their own own
lack of perspective/knowledge, their ability to identify the problems much less
solve them. America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america
also spends more on military than all the nations of the world combined... fed
employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included
in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Why Apple,
Google And EBay Will Slash And Burn Investors
Share
Your Opinion on the Debt Limit
Dear Congresswoman Roybal-Allard:
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
ATF Chief Melson:Justice
Department trying to shield officials (LAT) Serrano
I believe him!
I truly empathize with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real, complicit cover-up / fraud on the part of the federal government, et als:
October 15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).
The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as fbicorrespondencereyes.htm . With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth in the case, inter alia,
- A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
- Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
- Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - http://www.albertpeia.com/crossexamofcoanbypeia.pdf ]
- Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
- Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being 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. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Sincerely
and Regards,
Al
Peia
U.S. debt news and euro debt
agreement fuel rally
Top 3
Reasons Markets Were Up on Hopes for Greece Resolution
Meanwhile, back at the
fraud-farm, ‘your pain their gain’: Morgan Stanley's trading
revenue up; stock soars
John
Bogle Didn't Have All The Data at Forbes
Dutch exposure to Greece and the other PIIGS countries: it
is time to end the bailout madness. | Ernst's Blog
Personal
Consumption Rate Of Growth Down 77% In U.S. Since 2000 at Forbes
Top
3 Reasons Markets Were Up on Hopes for Greece Resolution Wall St.
Cheat Sheet
Stock
ETFs Bleed $1.6 Billion; Large Inflows Seen In Small Cap Fund at
Barrons.com
Banks
Pay Back TARP Funds by… Borrowing From Treasury Yahoo Finance
| Banks repaid cash owed by borrowing from a Treasury-run program.
Oil Prices Rise Reuters
| Oil rose for a third straight session Thursday.
Audit:
Fed gave $16 trillion in emergency loans Stephen C. Webster
| Figures produced by the government’s first-ever audit of the central bank.
S&P
Says Likelihood US Is Downgraded To AA As Soon As Early August Is 50-50 Zero
Hedge | A rather sobering report out from S&P.
Fed
Preparing For US Default Says Plosser Tyler Durden | That
giant whooshing, and humming, sound you hear are all the printers at the
basement of Marriner Eccles getting refills and start the warm up process.
Financial
Terrorism Analysis: How Global Bankers Plunder Nations – Lessons from Greece
Global Research | Greece is, in fact, a microcosm of the
global economy.
Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman |
America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘…USA Inc. - Balance Sheet If you
think the Income Statement looks bad, you may not want to look at the Balance
Sheet. Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion …’
Existing
home sales slip Sales of existing homes took a slight dip in June while
prices stabilized. (Washington Post) [ See! Who said that not every storm cloud
has a silver lining as ‘the botched paperwork’ debacle ‘delays judgment day’
while giving those purported new homes sales a chance by drying up some
inventory, though but an ephemeral ‘breather’ at best if at all in factual
reality. Why The Dow Will Plunge To 7,000 By 24/7 Wall St. June 28, 2011 ‘…Housing expert Robert Shiller says home prices could drop
another 10% this year. The ripple effect from a rise in underwater mortgages
will affect everything from bank earnings to consumer credit to consumer
spending. The real estate problem is a drag on the economy and it is one that
will get worse …’ New-home
construction surges in June (Washington Post) [ Riiiiight! One of those
‘all dressed up and no where to go’ pre-election year stats. Given the back-log
in foreclosures, distressed, ‘underwater’ properties, they might literally have
to give them away, fire-sales not excluded. I’d also put these stats (if even
true – I don’t believe anything they say / report, particularly in light of
their desperation, pre-election year, etc.) in the category of: Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job... –Drudgereport
.
Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that
occurred the following year. I now see a similar confluence of events
that warns of phase II of the global crisis.
Once again I see
all the “canaries in the mine,” which warned of the 2008 crisis. My just
released book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on
the exact month, or within one month, of the official start as determined one
year later by the official arbiter of recession, the National Bureau of
Economic Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious
“adjustment” as well.
On July 18,
Goldman Sachs (GS)
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts. The next step will be for them to substantially
reduce earnings forecasts for the S&P 500.
Will the phase
II be as bad as the 2008 crisis? The last crisis was confined to the private
sector, i.e. financial institutions. The next one will be involve the
threatened default of entire countries. The last time, the central banks bailed
out the financial firms and even Warren Buffett bailed out several firms. Who
is big enough to bail out entire countries? Or will the term of “too big to
fail” turn to “too big to bail?”
Stocks
had best day of 2011They were boosted by a potential breakthrough on debt
and upbeat corporate earnings reports. (Washington Post) [ Take this run-up as
a gift based on fraudulent wall street b***s*** alone and take this opportunity
to sell / take profits / ‘sell today if you missed may and then go away’!
Nothing has been solved; maybe forestalled. The ubiquitous problems make the
notion of a ‘Gordian Knot’ a mere tinker toy in comparison. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! Huge suckers’ rally to keep
the suckers suckered in this market based upon backward looking data discounted
multiple times to the upside (including the apple numbers as recently as last
week on ‘leaked’ expectations of ‘better than expected’, etc.), taxpayer funded
QE results, and b***s*** alone. This is an especially great opportunity to sell
/ take profits since there’s much, much worse to come! Why Apple, Google And EBay Will Slash And Burn
Investors IT'S
GOING TO HURT 'FOR LONG TIME TO COME' [ Says tiny tim geithner …
thanks for the heads up tiny tim ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.]
Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
A
‘make or break’ time for Greece, E.U. Brussels summit aims to secure
financing for Greece, build confidence that larger economies will be helped if
necessary. (Washington Post) [ Come on! Let’s get real here!
There’ll be no climactic moment when in unison they’ll be ‘high-fivin’ for that
surreal ‘mission accomplished’ (NOT!)
moment made famous by war criminal and failed president dumbya bush. It’s not
their ‘style’; but even if it was, the view that a real and final solution was
actually at hand would be such obvious fantasy so as to court even further
credibility disaster down the road when reality once again rears its familiar
ugly (from their perspective) head. IMF:
Euro is under ‘a shadow’ (Washington Post) [ Wow! You can say that again!
Ok! I will: ‘Euro
is under a shadow’ . Yeah! It
really is … all that … bad for the euro, eu, europe; but, let’s not be
xzenophobic here; pervasively corrupt, defacto bankrupt america’s hand-in-hand
/ hands across the water under the same shadow along with that over-printed
abused paper thing called the u.s. dollar.
Germany
Says It’s Confident EU Will Agree on Greek Debt Plan Bloomberg |
Germany said it’s confident that European leaders will reach agreement on
funding a second Greek bailout. 18
Signs That Global Financial Markets Smell Blood In The Water The Economic Collapse | ‘Can you
smell it? There is blood in the water…’ The
Greater Depression Is Upon Us by David Galland http://www.lewrockwell.com/orig10/galland34.1.html Casey
Research Recently by David Galland: The Road to Perdition ‘The phrase “Greater Depression” was coined by Doug Casey
a decade or so back as a way of describing the economic crisis he foresaw as
inevitable, and which is now materializing.
Because I think it is important for
every organization to constantly challenge its own assumptions, I’ve long acted
as something of a devil’s advocate here at Casey Research. By constantly
pushing our analysts to revisit their assumptions and calculations, it is my
firm intention for us to spot the fork in the road that indicates it is time to
shift strategies away from investments designed to do well in the face of a
currency debasement and to something else.
Being attentive to that fork in the
road is hugely important, because even though we urge our subscribers not to
overdo their exposure to inflation hedges, we recognize that many do. Many a
good person had their clocks cleaned in the early 1980s solely because they had
become overly enamored of their precious metals – so much so that they stopped
thinking of them as an asset class and began thinking of them more in the terms
one might associate with an amorous dinner date. Thus these investors were
utterly unprepared when said date stood up and broke a dinner plate over their
heads.
With that brief setup, I want to make
our views clear: While we correctly anticipated the recent correction in
precious metals, this correction is but a blip in a secular bull market that is
very much intact.
Doug Casey has often said that the
unfolding crisis is going to be even worse than he expects (which is saying
something), and the longer the rest of us at Casey Research study the tea
leaves, it is hard to disagree that the Greater Depression is still ahead.
Consider:
- The eurozone is growing increasingly desperate. ..
- The U.S. debt situation is far worse than anyone
in Washington is willing to admit. ..
- China’s miracle mirage. ..
- Japan is essentially offline. ..
- The
Middle East is in flames. ..
I’m convinced that nearly everything about today’s world is
going to change over the coming decade… much of it for the worse …’
National / World
UN may switch blue helmets to green, then launch climate
change peacekeeping wars Mike Adams | The UN is on
the verge of “waging peace” wearing green helmets instead of blue helmets.
Obama’s Council of Corporate Kingpins: “Prosperity for
the American People”? Andrew Gavin Marshall | If
they have the ear of the President, is it not important to know who pays their
salaries?
Foundation Claims al-Qaeda Targeting Children with
Cartoons Kurt Nimmo Obvious propaganda designed to alarm western parents.
“Less Invasive” TSA Body Scanners Do Nothing To Address
Radiation Risk Paul Joseph Watson | Federal agency
refuses to switch to devices already in use that do not emit radiation.
Legions Of Biometric Face Scanning Cameras To Be
Installed At Heathrow Airport Within Weeks Steve Watson
| To be linked up to huge database of travelers through boarding passes.
Big
Sis Spy Story Goes Viral Paul Joseph Watson | The
story is now the number six most read article on the entire Internet.
Latest DHS Fear-mongering: al-Qaeda Plans to Take Out
Nuke Plant Kurt Nimmo | Information gleaned from
unsubstantiated trove collected from terrorist who died almost ten years ago.
DHS Video Characterizes White Americans as Most Likely
Terrorists Paul Joseph Watson | Big Sis fear
campaign continues, but Americans are just as likely to be killed by peanut
allergies than they are in terrorist attacks.
Moody’s
Now Threatening Downgrade on 5 U.S. States Wall Street Cheat Sheet
| Moody’s has now issued a new slate of threats to individual states.
Anger
at government highest in 19 years: poll Raw Story |
Dissatisfaction and anger with the federal government are at a nearly 20-year
high.
States
negotiating immunity for banks over foreclosures Reuters |
State AGs negotiating wide immunity for major banks over foreclosure irregularities.
U.S. Taxpayers Lose $1.3 Billion in Chrysler Bailout CNN
Money | U.S. taxpayers likely lost $1.3 billion in the government
bailout of Chrysler.
“Less Invasive” TSA Body Scanners Do Nothing To Address
Radiation Risk Paul Joseph Watson | Federal agency
refuses to switch to devices already in use that do not emit radiation.
Legions Of Biometric Face Scanning Cameras To Be
Installed At Heathrow Airport Within Weeks Steve Watson
| To be linked up to huge database of travelers through boarding passes.
DHS Video Characterizes White Americans as Most Likely
Terrorists Paul Joseph Watson | Big Sis fear
campaign continues, but Americans are just as likely to be killed by peanut
allergies than they are in terrorist attacks.
The Federal Reserve: Our Policy Is To Steal From You Charles
Hugh Smith | Inflation is theft in more ways than one: it also steals
our liberty.
Quartzsite, Arizona Update July 21: Chief Suspends 80% of
Police Force Desert Freedom Press | Police Chief
Jeff Gilbert has suspended ALL officers who filed criminal and ethical complaints
against him.
Ex-MSNBC Host Left After Being Told To “Tone Down”
Attacks on Establishment David Edwards | At one
point, MSNBC management directed him to “tone it down” because “we are the
establishment.”
Latest DHS Fear-mongering: al-Qaeda Plans to Take Out
Nuke Plant Kurt Nimmo | Information gleaned from
unsubstantiated trove collected from terrorist who died almost ten years ago.
Uproar As BBC Muzzles Climate Change Skeptics Daily
Express | Their views will get less coverage because they differ from
mainline scientific opinion.
Big
Sis Spy Story Goes Viral Paul Joseph Watson | The
story is now the number six most read article on the entire Internet.
‘Grand
bargain’ on debt is back on the table President Obama said he would accept
a short-term hike in the debt ceiling if it gave lawmakers time to finalize a
comprehensive deal. (Washington Post) [
New
debt strategy gains support in Senate
President Obama and lawmakers in both parties latch on to a new strategy
for reducing the federal debt, saying an emerging plan to save
$3.7 trillion over the next decade could help break the impasse.
Meanwhile, the House passes a separate balanced-budget bill. Debt
debate not increasing confidence in Congress Republicans
fear default, not Aug. 2 deadline Md.,
Va., warned of risk to credit rating Stocks
up as U.S. default worries ease (Washington Post) [ Well, there you go … if they say it, feel it,
and stocks are up because they say it, feel it … well, it must be true … NOT!
Come on! What’s been solved? $3.7 trillion over a decade, if it happens (very
doubtful), it will bearly cover the interest costs. This is just typical
pre-election year politics that not only solves nothing; but has literally
brought the nation to the precipice and now like lemmings, they leap! Deficit Ceiling
and Stocks - Expect the Unexpected
ETFguide Simon Maierhofer, July 19, 2011, ‘A
number of cliches come to mind when talking about the U.S. debt situation. The
most appropriate might be: 'You can't have your cake and eat it too.' The least
applicable is probably: 'Never put off until tomorrow what you can do today.'
But if you think
the U.S. will default on some of its obligations anytime soon, you don't have
enough faith in the government's most potent weapon - extend and pretend
(another cliche that's become the modus operandi).
Since 1960,
Congress has acted 78 separate times to permanently raise, temporarily extend,
or revise the definition of the debt limit. Chances are Congress will act again
before the August 2 deadline. That however isn't good news.
By the end of
this article you will know the common sense, no nonsense, deficit ramifications
for the stock market and why even 'a deal' isn't good news.
USA Inc.
- Income Statement
If the United
States was a corporation - USA Inc. - here's what the Income Statement would
look like:
Total federal
spending in 2010 amounted to $3.456 trillion. Total receipts added up to $2.162
trillion. USA Inc.'s 2010 deficit was $1.294 trillion.
The 2011 federal
budget is $3.7 trillion with a projected deficit of$1.6 trillion. But there's
no reason to despair, just before April 15,Congressional leaders were able to
agree on $39 billion worth of budgetcuts for the remainder of the year.
Senate Majority
Leader Harry Reid hailed this heroic effort as a 'historic' level of cuts. To
quantify just how 'historic' that effort was we'll put it in percentage terms
-1%. The cut amounted to only 1% of the 2011 budget. Apparently it wasn't
enough. Thanks to extend and pretend we've arrived at the next deadline.
Stocks
Applaud ... and Decline
Keep in mind that
back in mid-April when the 'historic' $39 billion cut was hammered out, the
S&P was at about 1,300. Following the 'resolution' of the budget problem
stocks rallied about 5%.
The April 3 ETF
Profit Strategy Newsletter featured the chart below (due to size restrictions
the chart had to be reduced). As per the chart and accompanying analysis, the
Newsletter expected a rally to the next Fibonacci resistance at 1,369, followed
by a bounce off the Fibonacci support at either 1,229 or 1,255 and an attempt
to take out the previous high.
http://www.etfguide.com//contributor/UserFiles/8/Image/5%20-%20April%203%20TF.jpg
This outlook was
based purely on technical analysis with no regard for the deficit problem or
European debt woes (we'll take a look at an updated technical forecast in a
moment). The S&P did top at 1,370 on May 2. Thereafter it dropped to 1,259,
and tried to take out the previous high (the S&P rallied as high as 1,356
on July 7and stumbled thereafter).
USA Inc.
- Balance Sheet
If you think the
Income Statement looks bad, you may not want to look at the Balance Sheet.
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion.
The
Deficit and Stocks
When President
Obama took office in January 2009, the federal debt was 70% of GDP or $10
trillion. Today the deficit is close to 100% of GDP at $14.3 trillion. As
per a recent AP report, President Obama had to scroll down his demands and
would now be content with a $2.4 trillion debt ceiling increase to make it last
beyond the 2012 elections.
No doubt, the
President would like the deficit issue put on hold until he's re-elected. It
seems like everyone has an agenda that takes priority over solving the actual
debt issue. The whole game could be summed up as White House budget director
Jack Lew put it: 'That all these ideas do is say let's kick the can down the
road so that others will deal with it.'
This, by the way,
is why the pre-election year of the Presidential election year cycles has seen
gains consistently since 1939, because the incumbent party will do what it
takes to remain in office longer.
A
lose-lose Situation
The drawback of
the deficit situation is that there is no easy way out. The government has to
either cut spending (as in fewer benefits for Americans) or increase revenue
(as in higher taxes).
Pick your poison.
Either choice will kill the economy. Of course, you can extend and pretend,
which is probably what will end up happening. No matter how much lip stick you
have at your disposal, a pig remains a pig. The deficit is a big (red) pig.
What is worse, a
$14.3 trillion deficit today, or a $16+ trillion deficit (according to Obama's
wish) in 2012? Debt is like gangrene, dry rot or mold, it doesn't just go away,
it gets worse (ask Greece, Ireland, Portugal or any of the other PIIGS).
…
There was no
fundamental good news on June 15 or 16. Some of the headlines featured on June
15 were:
'Is the bull
market over? A look at four different sentiment measures suggests that more
pain may await investors.' - Barrons
'Greek default
could trigger chain reaction' - AP
'Confidence is
eroding among U.S. factories, consumers' – Bloomberg …’
18
Signs That Global Financial Markets Smell Blood In The Water The
Economic Collapse ‘…The
following are 18 signs that global financial markets smell blood in the water…
#1 Banks stocks are absolutely getting hammered right
now. Bank of America hit a 52 week low on Monday. Bank
of America shares declined 4 percent to $9.61.
#2 So far this year, Bank of America stock is down about 27 percent.
#3 Bloomberg is reporting that Bank of America may be forced
to increase its capital cushion by 50 billion dollars.
#4 Shares of Goldman Sachs and Morgan Stanley are near two year lows.
#5 Shares in Citigroup fell
2.5 percent on Monday.
#6 Moody’s recently warned that it may be forced to downgrade
the debt ratings of Bank of America,
Citigroup and Wells Fargo.
#7 Barclays Capital, Goldman Sachs, Bank of America, JPMorgan
Chase and Morgan Stanley are all either considering staff cuts or
are already laying workers off.
#8 The deputy European director of the International Monetary
Fund says that the Greek debt crisis is “on a knife’s edge“.
#9 Moody’s has slashed Ireland’s bond rating all the way to junk status.
#10 The yield on 2 year Portuguese bonds is now over 20
percent, the yield on 2 year Irish bonds is now over 23 percent and the yield
on 2 year Greek bonds is now over 35 percent.
#11 Shares of Italy’s largest bank dropped by a whopping 6.4% on Monday.
#12 On Monday, the yield on 10 year Italian bonds was the highest it has been since the euro was
adopted.
#13 On Monday, the yield on 10 year Spanish bonds was
also the highest it has been
since the euro was adopted.
#14 Shares of Germany’s largest bank fell by a staggering 7% on Monday and are
down a total of 22% so far this month.
#15 Citigroup’s chief economist, William Buiter, says that
without direct intervention by the ECB there
is going to be a wave of sovereign defaultsacross Europe….“Nothing stands
in the way of multiple sovereign defaults except the ECB: they are the only
game in town, there is nothing else”
#16 Cisco has announced plans to axe 16 percent of its workers
#17 Borders Group has announced that it will be
liquidating all remaining assets.
That means that 399 stores will be closed and 10,700 workers will lose their
jobs.
#18 During times of great crisis, many investors seek safe
havens for their money. On Monday, the price of gold shot past $1600 an ounce…’
SEC
rejects suggestion to settle case with CEO who wasn’t charged It was the first time the SEC had filed a
so-called clawback suit to wrest money from an executive who was not accused of
complicity in accounting fraud Mich.
man accused of insider trading (Washington
Post) [ Boy! Talk about traveling as far as possible ‘from the action’ for a
case in the millions, when they could literally set up shop on wall street for
a panoply of securities fraud cases in the trillions. It’s not only that so few
people have faith in the so-called pervasively corrupt, defacto bankrupt
american system anymore; but rather, it’s outlandish that the cogs in the
broken american wheel even expect that the public should have faith in the
corrupt, broken american ‘system’. After all, they truly spend more time and
resources covering up and working around what should be their focus; viz., the
big cases which were / are truly instrumental in the prior / ongoing financial
meltdown / crisis which resulted in huge profits / gains for the perpetrators.
This is not to say they shouldn’t bring the small cases; but, ignoring the big
cases owing to typical corrupt, venal motives is inexcusable. What a lost
nation! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman .
Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Milbank:
Congress is now middle school ‘Anew
Washington
Post-ABC News poll finds that 80 percent of Americans are dissatisfied with
the way the federal government is working. Such a finding leads to an
inevitable conclusion: The other 20 percent aren’t paying attention … Ah, sweet
Mr. Milbank. Who said he gets things wrong? Middle school? From Gipper (I
always hated that trite reference to Reagan – and again, let me reiterate that
though I liked Reagan as a very likeable guy, the last real american leader /
president was the underrated but great President General Eisenhower who warned
of the current debacle called america in the sense of admonishing of the danger
inherent to the now entrenched ‘military industrio-inferiority complex’) to
graduation, perma-wobama apologist Mr. Milbank has come a long way; but, a pile
of b***s*** in the form of ‘wobama the b’ stands intractably in his way, no
matter what. Because … ? You can’t change what lamentably wobama is and has proven himself to be. If only he
had done what he promised he would do (those false campaign promises which got
him elected). But alas, as in the moral of the story of the ‘scorpion and the
frog’, you cannot change the nature of that cowardly, failed ‘president’ called
‘wobama the b’. (Washington Post) [The
new party of Reagan The Gipper helps make the case for Democrats.
(Washington Post) [ ‘Well there you go again’ quoting the ‘Gipper’, off the
deep end as one might expect from wobama apologist Mr. Milbank (he’s somewhat
of a lemming himself). After all, how different really are the parties these
days when profligate spending on illegal, unnecessary wars was continued when
democrats controlled congress, and then even the executive office when
continuing failed president and war criminal dumbya bush’s nation bankrupting,
nation destroying war policies, protection for unprecedentedly huge wall street
frauds, bush tax cut extensions for the wealthy, and then some (spending on top
of it). Preposterous! Especially since Reagan’s most significant achievement
was his rational approach toward Russia (with of course the substantial help of
the astute Gorbachev) toward the ameliorative goal of peace and consequent
peace dividend which enabled a ‘smooth-sailing’ though undeserved tenure for
ultimately clinton (cia man ‘poppy the sailor man’ bush was already working on
stirring up war / military industrial complex matters in the Mideast – that
April Glaspie/cia/Iraq/Kuwait communiqué to sadam and the consequent debacle,
etc.). Call
Obama’s bluff Republicans should force him to propose real tax reform.
(Washington Post) [ Well, the first part, ‘Call obama’s bluff’; eh, what the
heck, sounds good. But, propose ‘real tax reform’? I’d say, giving him the
benefit of the doubt, Mr. Krauthammer’s somewhat uncharacteristically in
fantasy land. After all, isn’t all of this part of the pre-election year game
of ‘blind men’s bluff’. Kind of like being between the proverbial ‘Iraq and a
hard place’. I mean, where were all these principled partisans when it could
have counted; ie., Is a U.S. Default Inevitable? Patrick J. Buchanan |
..bush prepared to invade Iraq in 2002..likely cost would be $60 billion, said
Mitch Daniels of the OMB..finance the war with Iraqi oil,said Wolfowitz..the
cost of the Iraq War? It has passed $1 trillion..’, etc.. Obama
on high ground But Cantor could still bring him down. (Washington Post) [
High ground? No such thing for ‘wobama the b’ (for b***s***)! He can run, but
can’t hide from his contraindicated (based on reality, broken campaign
promises, and consequences therefrom) record of unequivocal failure. Geithner
says hard times to continue for many [ But not for his frauds on
wall street for whom everyone’s expected to keep sacrificing; and, ultimately
their negative churn-and-earn in real economic terms has to come from some
place, ie., you, yours, main street, etc., and has manifested in the QE’s,
etc.. Well, there you have it. The product of his, wobama et als’ policies;
viz., unhappy days are here again’ or, hard times for most are here to stay,
or, you get the picture, your pain their gain.
] Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out. (Washington
Post) [ Yeah, dem’ darn PIIGS. Reminds
me of that joke (I won’t repeat it here except the punch line): ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Stocks
had best day of 2011They were boosted by a potential breakthrough on debt
and upbeat corporate earnings reports. (Washington Post) [ Take this run-up as
a gift based on fraudulent wall street b***s*** alone and take this opportunity
to sell / take profits / ‘sell today if you missed may and then go away’!
Nothing has been solved; maybe forestalled. The ubiquitous problems make the
notion of a ‘Gordian Knot’ a mere tinker toy in comparison. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! Huge suckers’ rally to keep
the suckers suckered in this market based upon backward looking data discounted
multiple times to the upside (including the apple numbers as recently as last
week on ‘leaked’ expectations of ‘better than expected’, etc.), taxpayer funded
QE results, and b***s*** alone. This is an especially great opportunity to sell
/ take profits since there’s much, much worse to come! Why Apple,
Google And EBay Will Slash And Burn Investors IT'S
GOING TO HURT 'FOR LONG TIME TO COME' [ Says tiny tim geithner …
thanks for the heads up tiny tim ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.]
Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed!
Previous, full moon and fraudulent wall street, get this, rallies on not as bad
as expected EU stress tests and better than expected google results but forget
the dire consumer (recession level) consumer sentiment number ‘cause after all,
consumer spending just a paltry 70% of GDP.
Think about this: short-lived Pavlov dog rally (the conditioned stimulus)
on hopes for more welfare for wall street and some good results in communist
China. This despite the previous failure of QE for everyone but the frauds on
wall street and ultimately, though circumlocuted, at great taxpayer expense.
Titans of capitalism? How ‘bout the biggest unprosecuted frauds in the world.
Preposterous! Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) …
I want just one person
with courage enough to stand up and explain to all that these huge
commissionable computerized trading volumes like never before are a net
negative in a very big way … that’s a fact … that’s economic reality in real
terms! … Trade deficit up, growth predictions by fed
scaled down [ do you recall how many upside market points for the false, more
positive growth projections by the ‘no-recession’ fed, then there’s also the
costly, hyperinflationary failed QE hopes, more fed jawboning rallies the
frauds on wall street off their lows to keep suckers suckered – they all belong
in jail! Housing
Woes to Cause Recession in 2012, Says Gary Shilling - Peter
Gorenstein STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business
Insider Weisenthal Economic scenario far worse
than expected (and in this pre-election year the reality is still far worse
than reported), yet stocks still rallied off lows to keep suckers sucked in to
this fraudulent market Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12
charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Previous:Stocks
rally on jersey-based, former Lautenberg ADP still paltry, better than expected
157,000 private jobs number and one’s got to wonder ‘who got paid’, one way or
another, for the fudge. Then there’s the horrific ‘american tech’. Retail? The
defacto bankrupt government’s probably buying with money they don’t have, at
best; and, as with other data in these desperate pre-election-year times, plain
false, falsified, fudged, spun. Previous day, all bad news … from eurozone
(protugal, et als), to asia zone (china worse than expected), to america (where
to begin, from defacto bankruptcy, to debased currency, to insurmountable debt
/ dervice, to pervasive corruption, etc.) … stocks rally on fraud and b***s***
alone. Previous,
higher oil price rally, along with Netflix ‘technology rally’ … Don’t make me
laugh! … Total desperation on wall street and in Washington … How pathetic! … Jobless claims at 428,000 much worse than expected;
and, don’t forget, these are desperate ‘pre-election times’ when regardless of
factual reality (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt
chicago ISM is up as even their youth gangs are showing increased criminal
activity which probably accounts for the rise; ie., meth, crack labs, etc.?)
data / reports are fudged / faked / spun. Foreclosure, distressed sales
up, at least on paper with contracts signed, so no surprise nor reason to cheer
here, as markets worldwide jump on the american crazy train for a short-lived
bounce as all problems remain. This is the same month
end (and quarter, half) spurt / window dressing based on b***s*** alone to keep
the suckers suckered and an especially great time to sell / take profits since
there’s much worse to come! Talk about milking the greek crisis for the
umpteenth time a so-called solution (and there are loads of greecy scenarios
worldwide … I don’t think so and
neither does Schaeffer who says: ‘…even once such a package is passed it only buys time. Actually fixing
the fiscal condition of Greece is not something that can be solved in a matter
of weeks, or even months…‘ but it’s great press for the
churn and earn and to keep the suckers suckered. Technology
rally? Defacto bankrupt american technology is horrendous but great sizzle for
the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new
greecy b.s. factor. The
rally into the close and the previous so-called (4 day) ‘rally’ was based on
b***s*** alone to keep the suckers suckered and for ‘smarter money ‘ along with
the frauds to sell into. This is an especially great opportunity to sell / take
profits while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
Another
Financial Crisis Is On The Way, Mobius Says Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th– so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell
Why Apple,
Google And EBay Will Slash And Burn Investors
Don't
Count on Social Securityat Motley Fool ‘ President Obama
recently warned that Social Security checks were not guaranteed to be paid in
the event the debt ceiling does not get raised before August 3. Regardless of
whether he meant it -- or if it was mere political posturing -- it underscores
yet another problem with the Social Security system: It's not your money.
When all is
said and done, your projected Social Security benefits are simply not your property. The Supreme Court has twice ruled
that, in fact. You're simply assessed a tax based on your income and then may get something back in the form of a payment, should
you live long enough and/or otherwise qualify -- and if funding remains available.
Add it to
the list
So now, not only do you have to worry about:
- tax rates that have more than quintupled since the program started,
- Social Security's overall Ponzi-scheme-like
design, and
- its accelerating
collapse,
... but you also need to worry about whether your
benefits will be cut simply because of politics. The lesson in this is
abundantly clear: Don't count on Social Security. Absent significant changes,
its own trustees doubt its long-term solvency, and as the President warned, the
benefits
may be at risk as soon as next month.
Invest your money in your future
Whether it happens next month, the 2036 target that Trustees currently estimate
for its trust fund to evaporate, or somewhere in between, Social Security is on
track to reduce its payments. If you were counting on it to help fund your
retirement, you essentially have two options:
- Save enough extra of your
own assets to cover
your anticipated income gap.
- Reassess your anticipated costs of living to
determine what you can live without.
How much you need to replace depends on your specific
circumstances, of course. For the sake of discussion, though, the average
Social Security retiree received $1,181.59 this month, or an annualized rate of
$14,179.08. If you believe the Trustees' version of the future, once the Trust Fund
expires, Social Security will continue to pay out about three-quarters of its
expected benefits.
In that scenario, the average retiree would need to
cover around an additional $3,544.77 per year, inflation adjusted from today's
dollars to their actual date of retirement. Based on the 4%
rule, it means you'll need to save around an additional $88,619.25 in
today's dollars to cover for Social Security's expected long-run shortfall…’
Intel pulls
back PC market outlook, shares slide SAN FRANCISCO (Reuters) - Intel Corp trimmed its
forecast for 2011 personal computer unit sales, warning of softness in mature
markets and sending its shares more than 1 percent lower.
Raising
The Debt Ceiling Is Just Kicking The Can Further Down The Road at
Forbes
Top 3 Reasons
Markets Were Down After Yesterday’s Rally Wall St. Cheat Sheet, July 20, 2011,
Markets closed
down on Wall Street today: Dow -0.12% , S&P -0.14% , Nasdaq -0.43% , Oil
+0.60% , Gold +0.21% .
On the
commodities front, Oil climbed to $98.45. Precious metals were also up
today, with Gold climbing to $1,600.20 an ounce while Silver gaining 1.19% to
just break $40 an ounce.
Don’t
Miss: Why
is China Telling the U.S. How to Handle its Debt?
Today’s
markets were down because:
1) Debt debate
. Investors weren’t so much wary of the markets as they were distracted,
resulting in a rather ho-hum day of trading. While the
Gang of Six plan introduced in the Senate yesterday is gaining steam, so is
the Cut, Cap and Balance Act, which was pushed through the House by the Tea
Party. The act was passed by the Republican majority in the House, but won’t
make it through the Democrat-dominated Senate, while the Gang of Six plan, technically
bipartisan, has a better chance of being passed by the Senate than the House.
And in the meantime, we’re another day closer to the Treasury’s August 2
deadline and still no debt ceiling deal.
2) Yesterday’s
rally . After all three major indices posted huge gains, including the Dow ,
which had its biggest one-day rally of the year on Tuesday, markets were bound
to slump as investors fell back down to reality. Existing
home sales slipped in June and traders took profits. Still, today’s minor
losses only give back a fraction of yesterday’s gains.
3) Apple.
After releasing its earnings report yesterday, Apple’s stock bounced, closing
today up 2.67%, making it one of the biggest gainers on the Nasdaq.
Unfortunately, one tech company’s good news is another’s bad. Competitors
Microsoft , Hewlett-Packard , and Google all closed out the day well into the
red…’
US
Economy Literally Making People Physically Sick at Minyanville
“Robo-Signing”
Fraud Continues — Surprise! USA Watchdog | 14 of the
biggest banks promised regulators they’d stop robo-signing documents…
Borders,
2nd Largest Chain Bookstore, Forced to Close All Stores WSJ
| Borders, the second-largest U.S. bookstore chain, said it would liquidate and
close all stores.
Too
Big To Fail?: 10 Banks Own 77 Percent Of All U.S. Banking Assets Economic
Collapse | In 2008, people were told that the largest banks in the
U.S. were “too big to fail.”
Postmaster
says days are numbered for Saturday mail delivery USA Today
| Mail carriers have been making rounds six days a week since the 19th century.
We’re
On Track For Record-Low Housing Completions In 2011 Calculated Risk
| As I mentioned earlier, the U.S. is on pace for a record low number
of multifamily completions in 2011.
A
Few Years From Now You’re Going To Wake Up With A Bunch Of New Taxes Bruce
Krasting | We’re coming down to the wire on the debt limit.
Obama
struggles to get Wall Street funding Financial Times | Mr
Obama’s haul dwarfed the $34m collectively pulled in by the Republican
candidates, but he lagged in one sector – finance.
National / World
State Prosecutes Sports Fan For Saying Mean Things On
Facebook Kurt Nimmo | ‘Another example of the state
moving toward outright censorship of internet speech.The BBC is lending a hand in the propaganda blitz now in full
swing to demonize the internet ahead of the government regulating speech and controlling who is allowed to use the electronic medium…’
Feds Indict Hacktivist For “Stealing” Public Domain Data Kurt
Nimmo | Government and media push propaganda ahead of draconian
legislation.
Anthrax Attacks: Justice Dept. Destroys FBI Case Then
Does A 180 Reversal Days Later Steve Watson |
Government admits Bruce Ivins did not have access to necessary lab equipment.
DOJ and FBI Make Arrests in PayPal Hacking Case Kurt
Nimmo | Arrests come as Congress considers passing cyber security
legislation.
CERN Scientists Gagged On ‘Politically Incorrect’ Global
Warming Data Paul Joseph Watson | Physicists
ordered not to draw conclusions from study which seeks to confirm that the sun
drives climate change.
Ron Paul: “Deficit Cutting” Bill Maintains Status Quo Ron
Paul | Statement on the Cut, Cap and Balance Act.
A Few Years From Now You’re Going To Wake Up With A Bunch
Of New Taxes Bruce Krasting | We’re coming down to
the wire on the debt limit.
Man’s
call for Obama assassination is free speech, not crime, court rules LA
Times | A divided panel of the U.S. 9th Circuit Court of Appeals
overturned that conviction Tuesday.
Bohemian
Grove Mystery Russia Today | RT’s Kristine Frazao
takes a closer look at Bohemian Grove 2011.
Law enforcement to begin iPhone iris scans amid privacy concerns
Reuters | Dozens of police departments nationwide
are gearing up to use the device.
RupertGate: Will Murdoch Scandal Sink David Cameron? Russia
Today | The firestorm surrounding Rupert Murdoch’s media empire is
spreading.
US Spy Drone Shot Down by Iran FARS
| The official stated that the US drone was on a mission to identify the
location of the Fordo nuclear enrichment plant.
CERN Scientists Gagged On ‘Politically Incorrect’ Global
Warming Data Paul Joseph Watson | Physicists
ordered not to draw conclusions from study which seeks to confirm that the sun
drives climate change.
Raging Inequality May Cause Unrest and Violence In
America and the Rest of Western World Washington’s Blog |
While conservatives are against redistribution of wealth and liberals want to
tax the affluent.
Unemployed
Welfare Mom Tries to Sell Baby at Taco Bell New York Daily News
20 Signs That The Fabric Of American Society Is Coming
Apart At The Seams The
American Dream | Most
people agree that there is something fundamentally wrong with America. There is
wild disagreement about what is causing it, but what most people can agree on
is that there is something fundamentally wrong with America. The fabric
of American society just does not seem to be as strong as it used to. In
fact, many would argue that society is coming apart at the seams. Corruption
and decay seem to be everywhere. I spend a lot of time in my other
articles blaming a lot of this corruption and decay on politicians, bureaucrats
and business leaders, but the reality is that they are only part of the
story. The truth is that those who are leading us are a reflection of
what we have become as a nation. If you got rid of all of our corrupt
leaders that would not suddenly “fix” this country. Millions of ordinary
Americans have become deeply corrupt as well. The kinds of things that
you are about to read about below were very rare in past generations.
Society is falling apart all around us and we haven’t even seen the complete
collapse of the U.S. economy yet. A lot of people like to blame the
increasingly bizarre behavior of the American people on the economy, but the
reality is that things are not nearly as bad as they are eventually going to
be. Yes, the U.S. “Misery Index” recently hit a 28 year high. Tens of
millions of American families are deeply suffering. Unemployment is rampant
and unprecedented numbers of Americans have been getting kicked out of their
homes. But that is nothing compared to what is coming. So what is America going
to look like when true economic suffering comes along? That is something to
think about. A lot of the items in the list below may seem easy to dismiss as
“isolated incidents”. But when you start examining patterns of behavior
over an extended period of time, certain trends begin to emerge. America
is become a very cruel place. The love of most people seems to be growing
cold. What some people are willing to do for a little bit of money or
just because someone has “pissed them off” is absolutely stunning. The
America of today is fundamentally different from the America of past
generations. We have changed, and not for the better.
The following are
20 signs that the fabric of American society is coming apart at the seams…..
#1 A 17-year-old Florida teen is being accused of killing his
parents with a hammer, hiding their bodies in the master bedroom, and then
inviting dozens of people over for a massive house party.
#2 What is it with 17-year-olds? Another
17-year-old has been charged with putting a plastic bag over the head of his
mother and choking her to death
with a belt. His two brothers just stood by and watched while this
happened. Apparently the 17-year-old was infuriated because his mother
wanted them to play a game of Yahtzee with her.
#3 The largest school cheating scandal in the history
of the United States was recently uncovered in the Atlanta area. Dozens
of teachers and principles were involved according
to a recently released 413 page report….
More than three
quarters of the 56 schools investigated cheated on a 2009 standardized state
test, with 178 educators implicated, including 38 principals. Eighty-two
teachers confessed to erasing students’ answers and correcting tests. The
report says widespread cheating has occurred since at least 2001 and that
orders to cheat came from the top.
#4 A
Vancouver, Washington woman has been charged with trying to sell her newborn
baby in
front of a Taco Bell. Apparently she was hoping to get somewhere
between $500 and $5000 for the baby.
#5 In
the United States today, if you don’t show cops “proper respect” there is a
good chance that you are going to get tazed. Just check out this disturbing video of an
incident that recently happened in Alabama.
#6 A
48-year-old woman in California was recently arrested after she drugged her
husband, chopped off his manhood and threw it
into the garbage disposal.
#7 In
the Dallas area, five people (including a pregnant woman) were trampled
while lying on the ground as thousands of desperate people madly dashed to
get into line to get on a waiting list for rental assistance vouchers.
#8 A
35-year-old New York man that has been charged with “kidnapping,
killing and dismembering an 8-year-old boy” says that he “hears voices” and
he has been ordered to undergo a psychological evaluation.
#9
There has been a rash of car robberies in the Atlanta area recently. Just
a couple of nights ago, more than 30 cars were broken
into in a single night in south Buckhead.
#10
All over the United States this summer, thieves are stealing just
about anything they can get their hands on. People are stealing air
conditioners, copper wiring, restaurant furniture, metal drain covers and even
hair extensions.
#11
In Woodstock, Georgia a 61-year-old man reportedly promised to give a
17-year-old boy money if he would do certain “things” for the man. Well,
it turns out that the 61-year-old man ended up setting the teen on fire….
A 61-year-old
man has been arrested on charges of aggravated battery, cruelty to children,
false imprisonment, and solicitation of sodomy after he set a 17-year-old boy
on fire in Woodstock.
#12
In Washington state, a 23-year-old woman is accused of dumping her newborn
baby into a trashcan at the
hospital. When a nurse finally found the plastic bag with the baby boy
inside of it, the child was blue in the face from a lack of oxygen.
Fortunately, the baby survived the ordeal.
#13
In another story from Washington state, a man that is being charged with
producing child porn is being allowed to watch that porn all he wants while he
is in prison because he is acting as his own lawyer and needs to have “access to the evidence“….
So because he’s
acting as his own lawyer, he gets full access to the evidence against him.
Which means that as he prepares for trial, a private room has been set up in
the jail where Gilbert can watch the full 30-hour archives of his own child
porn collection.
#14
The National Retail Federation says that “inventory loss” for retail storeswas up 11% last year.
Most of the “inventory loss” is attributed to such things as shoplifting and
employee theft.
#15
In Minnesota recently, a mob of teen girls brutally pummeled a mother and her
two daughters until they were black
and blue. Apparently the mob of teen girls was enraged over a pair of
missing sunglasses.
#16
One of the hot new trends for young males is to play the “knockout game“. In this “game”,
a group of young men picks out an innocent bystander and the first one to knock
that person out is the “winner”.
#17
Prior to 2011, most Americans had never even heard of “mob robberies“. Today, they
have made headline news all over the nation.
#18
In the San Francisco area recently, fire crews and police just stood on the shore and watched
as a suicidal 50-year-old man slowly drowned to death in the San Francisco Bay.
#19
Meanwhile, the federal government continues to waste money on some of the most
bizarre things imaginable. For example, the federal government actually
gave money to the National Institutes of Health to study the effect that the
size of “a
certain part of the body” has on the sex lives of gay men. Can anyone
think of a reason why the federal government would want to throw money away on
such frivolous studies when millions of Americans can’t even find jobs right
now?
#20
Many believe that a big reason for all of this chaos in America today is the
decline of the American family. In 1960, married couples accounted for 75
percent of all households in America. Today, they account for just 48 percentof all
households.
Whatever your political or religious philosophy is,
hopefully you can agree that America is in trouble. Every single day,
there are more shocking revelations about the corruption and the decay that are
spreading throughout this nation.
Sadly, instead of coming together to work on some
solutions to our growing problems, Americans are becoming more divided than
ever.
The mainstream media teaches us that our “opponents”
are those that belong to political, social or religious groups that are
different from our own. They love to divide us and play us off against
each other. Everywhere you look in America, hate is growing.
But hatred is never the answer. Yes, we should
always stand up for what we believe is right, but we can do that and still love
one another at the same time.
Unfortunately, as America continues to come apart at
the seams we are probably going to see this country become even more divided.
United we stand, divided we fall – you make the call
America.’
Borders,
2nd Largest Chain Bookstore, Forced to Close All Stores WSJ
| Borders, the second-largest U.S. bookstore chain, said it would liquidate and
close all stores.
Too
Big To Fail?: 10 Banks Own 77 Percent Of All U.S. Banking Assets Economic
Collapse | In 2008, people were told that the largest banks in the
U.S. were “too big to fail.”
6 Steps
by the IMF for a One-World Currency Brandon Smith | The
concept of a global currency is often spoken of only with an atmosphere of
caution.
Obama
struggles to get Wall Street funding Financial Times | Mr
Obama’s haul dwarfed the $34m collectively pulled in by the Republican
candidates, but he lagged in one sector – finance.
Germany
Says It’s Confident EU Will Agree on Greek Debt Plan Bloomberg |
Germany said it’s confident that European leaders will reach agreement on
funding a second Greek bailout.
18
Signs That Global Financial Markets Smell Blood In The Water The Economic
Collapse | ‘Can you smell it? There is blood in the water.
Global financial markets are in turmoil. Banking stocks are getting
slaughtered right now. European bond yields are absolutely soaring.
Major corporations are announcing huge layoffs. The entire global
financial system appears to be racing toward another major crisis. So
could we potentially see a repeat of 2008? Sadly, when the next big
financial crisis happens it might be worse than 2008. Back in the middle of
2008, the U.S. national debt was less than 10 trillion dollars. Today it
is over 14 trillion dollars. Back in 2008, none of the countries in the EU were
on the verge of financial collapse. Today, several of them are.
This time if the global financial system starts falling apart the big
governments around the world are not going to be able to do nearly as much to
support it. That is why what is happening right now is so alarming.
As signs of weakness spread, the short sellers and the speculators are starting
to circle. They can smell the money.Back in 2008, bank stocks led the
decline. Today, that appears to be happening again. The “too big to fail” banks are getting absolutely
pummeled right now. Most people don’t have much sympathy for the
banksters, but if we do see a repeat of 2008 they are going to be cutting off
credit and begging for massive bailouts once again, and that would not be good
news for the economy.In Europe, the EU sovereign debt crisis just seems to get worse
by the day. Bond yields for the PIIGS are going haywire. The higher
the yields go, the worse the crisis is going to get…
The following
are 18 signs that global financial markets smell blood in the water…
#1 Banks stocks are absolutely getting hammered right
now. Bank of America hit a 52 week low on Monday. Bank
of America shares declined 4 percent to $9.61.
#2 So far this year, Bank of America stock is down about 27 percent.
#3 Bloomberg is reporting that Bank of America may be forced
to increase its capital cushion by 50 billion dollars.
#4 Shares of Goldman Sachs and Morgan Stanley are near two year lows.
#5 Shares in Citigroup fell
2.5 percent on Monday.
#6 Moody’s recently warned that it may be forced to downgrade
the debt ratings of Bank of America,
Citigroup and Wells Fargo.
#7 Barclays Capital, Goldman Sachs, Bank of America, JPMorgan
Chase and Morgan Stanley are all either considering staff cuts or
are already laying workers off.
#8 The deputy European director of the International Monetary
Fund says that the Greek debt crisis is “on a knife’s edge“.
#9 Moody’s has slashed Ireland’s bond rating all the way to junk status.
#10 The yield on 2 year Portuguese bonds is now over 20
percent, the yield on 2 year Irish bonds is now over 23 percent and the yield
on 2 year Greek bonds is now over 35 percent.
#11 Shares of Italy’s largest bank dropped by a whopping 6.4% on Monday.
#12 On Monday, the yield on 10 year Italian bonds was the highest it has been since the euro was
adopted.
#13 On Monday, the yield on 10 year Spanish bonds was
also the highest it has been
since the euro was adopted.
#14 Shares of Germany’s largest bank fell by a staggering 7% on Monday and are
down a total of 22% so far this month.
#15 Citigroup’s chief economist, William Buiter, says that
without direct intervention by the ECB there
is going to be a wave of sovereign defaultsacross Europe….“Nothing stands
in the way of multiple sovereign defaults except the ECB: they are the only
game in town, there is nothing else”
#16 Cisco has announced plans to axe 16 percent of its workers
#17 Borders Group has announced that it will be
liquidating all remaining assets.
That means that 399 stores will be closed and 10,700 workers will lose their
jobs.
#18 During times of great crisis, many investors seek safe
havens for their money. On Monday, the price of gold shot past $1600 an ounce…’
Ron
Paul: The Federal Reserve is Defaulting on the American People Washington’s
Blog | Politicians need to understand that without real change default
is inevitable.
National / World
David Beckham Vs The New World Order Paul
Joseph Watson | Parasites like David Rockefeller and Prince Charles
should do their bit to solve overpopulation.
Globalists Parasites Want World for Themselves Infowars.com
| They want to get rid of you and eugenics is their preferred method.
Mass Murder Merger: Petraeus Moves to CIA Kurt
Nimmo | Petraeus will manage a darker, more secret phase of so-called
war on terror.
City Council Attempts To Oulaw Free Speech And Freedom Of
Assembly Steve Watson | In Gould, Arkansas, the
City Council has moved to ban all gatherings and groups.
David Beckham Reignites Hypocrisy of “Overpopulation”
Alarmists Paul Joseph Watson | Ultra-rich elitists
lecture middle class on less children, reducing living standards.
TSA Grope Woman Concerned About Cancer From Body Scanners
Paul Joseph Watson | Laws on sexual molestation not
applied to TSA employees.
Alex Jones On Bohemian Grove 2011 Agenda RT
| While the US is struggling to find a solution on the debt ceiling,
the country’s elite seems to be not so concerned.
Terrified phone-hacking whistleblower feared for his life
before he was found dead UK Daily Mail | The man
who launched the entire phone hacking scandal had become a paranoid recluse who
believed someone was out to get him, a friend has revealed.
TSA Grope Woman Concerned About Cancer From Body Scanners
Paul Joseph Watson | Laws on sexual molestation not
applied to TSA employees.
Alex Jones On Bohemian Grove 2011 Agenda RT
| While the US is struggling to find a solution on the debt ceiling,
the country’s elite seems to be not so concerned.
As The Dollar And The Euro Continue To Collapse, How High
Is That Going To Push The Price Of Gold? The American Dream |
Right now, the global financial system is facing a crisis that is really
unprecedented.
18 Signs That Global Financial Markets Smell Blood In The
Water The Economic Collapse | Can you smell it?
There is blood in the water.
Thank You for Your
Service? Laurence M. Vance
| It is without question that Americans are in love with the military. [
Interestingly, Mr. Vance does not seem to quibble with the bloated,
self-perpetuating military costs despite the defacto bankruptcy of the nation.
Moreover, I think he cuts them a break in not discussing that many, the ranks
of which include felons, etc., really have nothing better nor more productive
to do with their time (and learning to use ‘tools of the trade’, ie., weaponry,
guns, etc., might be prospectively
useful since america sports the highest crime rates by far of the so-called
developed nations, and not for law enforcement either, although law enforcement
would be a very sparce and limited exception to the decidedly negative aspect
involved here). The foregoing said, I do not have antipathy for them; but
rather only for their current misguided mission and purpose which, of course,
is out of their hands entirely. Indeed, I even empathize with those who bought
into the propaganda; notably, ie., Pat Tillman, etc., who belatedly learned of
‘the dupe’ and was fragged for it. In fact, I almost fell prey to the same
progpaganda campaign during the Vietnam War, having lost some friends in action
there I was about to leave my freshman year at NYU for an appointment at West
Point (from the stories I would not go over there as a grunt) which I had
secured despite my exemption; and wisely, thankfully ultimately decided against
it (for reasons beyond the scope of this writing). I think what’s telling
though not mentioned in the article is how military, the industrial complex and
attendant propaganda has succeeded (coup d’etat/JFK assassination, or defacto
coup d’etat) in making a clear negative appear positive. But, I also believe
with few exceptions, it’s the inherently criminal nature of americans generally
that explains aforementioned phenomenon as well as america’s love affair with
and lore of criminals of all stripes; viz., jesse james, billy the kid, butch
cassidy and the sundance kid, bonnie and clyde, mafia / rappers / gang members,
etc.. ]
Europe
see U.S. debt crisis as a threat Washington’s deadlock increasingly
threatens to strike another blow to Europe’s ailing financial system.
(Washington Post) [ Duh! Ya think? Really, I’ve truly lost all of whatever
respect I had for europe. After all, they have wholeheartedly and with open
eyes, self-destructively jumped on board the american-crazy-train. It’s truly a
shame because the result could have been far different in the most positive
sense; yet, it’s difficult to imagine that they were too blind to see it. There
have been numerous, rational admonitions against so doing (lies, injustice, the
american way). Over-reliance upon central banks and the ‘no-recession-fed’
particularly has also played a substantial role in this global debacle. Fed
Can Manipulate Markets, But Can't Reverse Economy at
Minyanville Toby Connor Jul
11, 2011 ‘I believe that we have begun the topping process of this cyclical
bull market [ in this secular bear market ]. In a healthy market an
intermediate decline is a profit-taking event after a significant leg up. It
should hold well above the prior intermediate bottom. The decline into the June
low was not a profit-taking event. The market had not rallied long enough or
far enough to warrant an intermediate correction and certainly not one that
would test the March lows. The decline in May and June was the first shot
across the bow that something was wrong with the fundamentals driving this
market.
Now let me be clear, I don't recommend anyone sell short the market. All I'm
saying is it's too late to have retirement funds positioned long at this time.
Asset appreciation is the Fed’s stated third mandate. Bernanke is going to
fight the bear tooth and nail. There will be continued interventions into the
markets. The rules will be changed as we go. Anything and everything will be
tried to keep stock and bond markets levitated. That is not the kind of
environment conducive to making consistent gains on the short side. That is the
kind of environment that can and will whipsaw traders to death.
Even in a market free of intervention the topping process is always volatile
and dangerous. But in a market that is being actively managed it is especially
dangerous on the short side. Case in point -- the June bottom was way too early
for a final intermediate bottom.
As I've said before, we should have seen a counter trend bounce to relieve
sentiment extremes followed by another leg down into a more lasting bottom.
Unfortunately that was not allowed to happen. The powers that be manufactured
an explosive rally on the low volume pre-holiday week in an attempt to create a
massive momentum move ahead of the end of QE2 that would be hard to turn
around. Needless to say Bernanke didn't want a repeat of last year when QE1
ended.
http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/1-spx%20new%20bearb.JPG
Click
to enlarge
The Fed can temporarily turn the markets higher but what they cannot do is
reverse the economy. I said when QE1 began that no amount of printing or
stimulus would stop the underlying cancer in the economy. All it would do is
create a brief reprieve which would be followed by an even deeper and more
severe recession once the sugar high wore off.
The simple fact is that we cannot cure a problem of too much borrowing and too
much spending with more borrowing and more spending. We tried this in the `30's
and it caused a 15 year depression. Japan tried it and it led to two lost
decades.
The cure is to bite the bullet and allow the deleveraging process to run its
course. Yes it will be painful. We've put this off for so long that it isn't
just going to be painful it's going to be catastrophic. But the longer we kick
the can down the road the worse the endgame becomes. The only ray of sunshine I
can offer is that if we let the markets work they will complete the
deleveraging process fairly quickly. Within 2 to 3 years the world can be back
on a sustainable path of growth. Continue to fight this and we could be stuck
in an on-again off-again recession for another 20 years with the final end game
collapse so devastating that it will make the Great Depression look like a
picnic.
The last two employment reports are clearly showing that the economy is
slipping back into recession. I suspect by August the employment report could,
and probably will, turn negative. All the manufactured rallies in the world
cannot prop up the stock market if the economy is rolling over into another
recession. They can postpone the inevitable only so long and ultimately will
just make the bear that much more severe.
The Fed's efforts have only extended the topping process, they haven't stopped
it.’
Gloomy
consumers cast dark cloud over economy
Housing Woes to Cause Recession in 2012, Says Gary
Shilling
World
Bank chief blasts U.S. on trade Robert Zoellick launches a blunt critique
of the Obama administration’s approach.
(Washington Post) [ What approach? Obfuscating, backroom deals to get
through the election while solving nothing? Credit-rating
firms loom over debt debate Despite a behind-the-scenes campaign by the
White House to keep the nation’s major credit-ratings companies from
threatening to downgrade the U.S., the firms have issued default warnings
anyway. (Washington Post) [ Call
Obama’s bluff Republicans should force him to propose real tax reform.
(Washington Post) [ Well, the first part, ‘Call obama’s bluff’; eh, what the
heck, sounds good. But, propose ‘real tax reform’. I’d say, giving him the
benefit of the doubt, Mr. Krauthammer’s somewhat uncharacteristically in
fantasy land. After all, isn’t all of this part of the pre-election year game
of ‘blind men’s bluff’. Kind of like being between the proverbial ‘Iraq and a
hard place’. I mean, where were all these pricipled partisans when it could
have counted; ie., Is a U.S. Default Inevitable? Patrick J. Buchanan |
..bush prepared to invade Iraq in 2002..likely cost would be $60 billion, said
Mitch Daniels of the OMB..finance the war with Iraqi oil,said Wolfowitz..the
cost of the Iraq War? It has passed $1 trillion..’, etc.. Obama
on high ground But Cantor could still bring him down. (Washington Post) [
High ground? No such thing for ‘wobama the b’ (for b***s***)! He can run, but
can’t hide from his contraindicated (based on reality, broken campaign
promises, and consequences therefrom) record of unequivocal failure. Geithner
says hard times to continue for many [ But not for his frauds on
wall street for whom everyone’s expected to keep sacrificing; and, ultimately
their negative churn-and-earn in real economic terms has to come from some
place, ie., you, yours, main street, etc., and has manifested in the QE’s,
etc.. Well, there you have it. The product of his, wobama et als’ policies;
viz., unhappy days are here again’ or, hard times for most are here to stay,
or, you get the picture, your pain their gain.
] Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out. (Washington
Post) [ Yeah, dem’ darn PIIGS. Reminds
me of that joke (I won’t repeat it here except the punch line): ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it owes
$15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP)
in the form of unfunded liabilities. The funniest thing about this (and you
have to laugh) is to see Conservative pundits get on TV and talk about how we
need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen america.
Indeed, the scenario typifies that national drain / sinkhole new york (new york
/ new jersey metro) where, for example, FBI informants were routinely exposed
by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings /
Volkman Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Debt
and American pessimism (Washington
Post) [ If it was only just debt, there’d reason and room for hope. 16 Reasons To Feel Really Depressed About The Direction
That The Economy Is Headed The
American Dream July 7, 2011 ‘If you do not want to feel really
depressed, you might not want to read this article. The U.S. economy is
coming apart at the seams, and there are a whole lot of indications that things
are about to get even worse. After a time of relative stability, the pace
of job cuts is starting to pick up again, inflation is rising but paychecks are
not, the U.S. housing crisis shows no signs of ending, millions of American
families are drowning in debt and all of the recent polls show that the faith
of the American people in our economy is eroding. As you read the
statistics in this article, try to keep in mind that there are scores of
families from coast to coast that are barely surviving from month to
month. It can be a soul-crushing experience to work as hard as you can
and yet justbarely be able
to pay the mortgage and put food into the mouths of your kids. The reason
why so many Americans believe that we are in a “recession” or a “depression” is
because that is what they feel like they are living through every single day.
The number of
Americans that are really depressed about the direction of the economy
continues to grow. At first most Americans had expected the U.S. economy
to bounce back after the recession “like it always does”, but now hope is
turning into desperation as people start realizing that this time things are
different.
Most Americans
are very eager for things to go back to normal. Unfortunately, things
look like they are about to get even worse.
The following
are 16 reasons to feel really depressed about the direction of the economy….
#1 A newly released National Federation of
Independent Business polldiscovered that U.S. small businesses let go of
more workers than they hired in June. Previously, the poll had registered
four monthly gains in net jobs in a row. Some analysts believe that this
may be another indication that the employment market is getting softer once
again.
#2 Another newly released jobs report found that the
number of job cuts being planned by U.S. employers increased
by 11.6% in June.
#3 There are fewer payroll jobs in the United States
today than there were back in
2000 even though we have added 30 million people to the population since
then.
#4 There are officially 6.2 million Americans that
have been unemployed for more than 6 months. There are millions of others
that have also been out of work that long but they have become so discouraged
about looking for work that the U.S. government considers them “to no longer be
in the workforce”.
#5 It now takes the average unemployed worker in
America nearly 40 weeksto find a new job.
#6 Paychecks are not keeping up with inflation.
In May, the average hourly wage in the United States was 1.6 percent lower than 12
months earlier.
#7 Food and gas prices have been absolutely soaring
over the past year. McDonald’s, Hershey and Coca-Cola have all announced
price increases this year. One recent survey found that 9 out of 10 U.S. workers do not expect
their wages to keep up with soaring food prices and soaring gas prices over
the next 12 months.
#8 There are disturbing indications that the business
community expects the economy to slow down even more in the months ahead.
For example, pre-orders for Christmas toys from China are
way down.
#9 As of April, there were 6.39 million home loans in
the United States that were either delinquent or in foreclosure. Included
in that were 675,000 home loans that had not had a single payment made on them
in two years.
#10 Approximately 28 percent of all home loans in the
United States are currently “underwater”.
#11 Overall, American households are about 7.7 trillion dollars poorer
than they were back in early 2007.
#12 As a percentage of GDP, the total amount of debt in
the United States is now far higher than it ever has been in any other era of
U.S. history. Things were not even close to this bad during the Great
Depression.
#13 One of the key measures of consumer confidence in
the United States has hit a seven-month low.
#14 According to Gallup, the percentage of Americans
that lack confidence in U.S. banks is now at an all-time high of 36%.
#15 According to one recent poll, 39 percent of Americans
believe that the U.S. economy has now entered a “permanent decline”.
#16 Another recent survey found that 48 percent of
Americans believe that it is likely that another great Depression
will begin within the next 12 months.
So what is the
United States going to look like if we do have another major economic downturn?
If the U.S.
economy continues to get worse and worse, will what is happening in Greece eventually start happening
in this country?
Let us
certainly hope that our cities do not descend into chaos any time soon.
However, we
should not just stick our heads in the sand and pretend that everything is
going to be okay.
Those of us
that are aware of what is happening to the economy should take this time to get
prepared.
We should all
be getting out of debt. When the economy tanks and interest rates start
to spike you don’t want a horde of creditors hunting you down.
We should all
be reducing our expenses and learning to live on less. It is those that
are “lean and mean” that will have the best chance of making it through a major
downturn successfully.
We should all
be storing up emergency food and supplies. After all, you take out
insurance on all kinds of other things, don’t you? We all need to be
fully prepared just in case the worst happens.
The truth is
that most Americans are totally unprepared for economic troubles. As the
financial crisis of 2008 demonstrated, when people lose their jobs and their
wealth they will come in and take everything away from you.
And it is not
just your home that you could lose. When you don’t have any more money
left there is a chance that authorities will take everything
away from you.
For example,
according to one local news report,
six kids were taken away permanently from their parents just because they were
homeless and living in a storage shed….
“You shouldn’t
take our kids because we’ve fallen on hard times,” said Prince Leonard, a
married father of six whose family resides in a northeast Houston storage shed.
The Leonards
moved in three years ago after the father, an unemployed welder, was hired as a
maintenance worker.
Well, it turns out that the storage shed actually had
“an air conditioner, a refrigerator and two personal computers”, so they were
not living too terribly.
But this is what happens to so many poor families
today – “child protective services” will come in and take their children away
at the drop of a hat.
Poor people are an easy target. They know that
they are unlikely to fight back and so thousands and thousands of young
children are constantly being ripped out of homes and never returned.
Don’t think that it can never happen to you. It
is happening all over the country.
Meanwhile, the mainstream media continues to act like
everything is just fine. As our economy continues to be caught in a death
spiral they are busy cracking jokes and talking about celebrities.
While the country is falling apart, the following
video is an example of what passes for news in America these days….
The sad
reality of the matter is that “the American Dream” is dying.
Every month
more American families are slipping out of the middle class and into poverty.
Over the past
four years, the number of Americans on food stamps has risen by 18
million. A higher percentage of Americans is enrolled in government
anti-poverty programs than ever before.
There will be
millions of Americans that will not be able to sleep tonight because they are
being eaten alive by worry and fear. If the economy does not turn around soon,
there will be even more American families that are living in their cars and
eating out of dumpsters.
Our economic
problems are a horrible nightmare that never seems to end. We are
literally watching the greatest economy on earth crumble before our very eyes.
So if you feel
really depressed about all this, nobody is going to blame you.
But pulling
yourself together and getting yourself and your family prepared for the really
hard times that are coming might be a better course of action.’
Running
in the Red Part 1 | How the U.S.
detoured to massive debt. (Washington
Post) [ There’s really no mystery here. Ultimately it comes down to the 3 r’s;
viz., readin’, ‘ritin’, and ‘rithmetic. Basic math skills are fundamental, but
2+2 hasn’t equaled 4 for quite some time in pervasively corrupt, defacto
bankrupt america. Moreover, a fundamental reality in inherently criminal
america is as coincidentally posted this day on infowars.com with more general
application, ‘Crisis And Collapse Unfortunate but Inevitable Bob
Chapman | As we have said for many years crime on Wall Street, in
banking and in corporate america pays.’ Indeed, crime does pay in america; and
it pays well. Fog of war has also been instrumental in providing grand
opportunities for thieving ways while at the same time destructive of this
nation and accomplices, as well as the nations so targeted. Parker:
Obama’s not-quite-true story (Washington Post) [ I frankly am quite surprised that Ms. Parker
chooses this of all accounts when there’s a cornucopia of lies now inseperable
from the personified fraud, barrack obama aka ‘wobama the b’ (for b***s***). Indeed, wobama’s become a shamelessly
insufferable, jive-talking liar that can only now be at best considered a
failed president. Do not feel sorry for him. He rolled the dice when contrary
to campaign promises that got him elected, he continued the contraindicated,
misguided, and prohibitively costly and quite unnecessary perma-war policies of
failed president, predecessor dumbya bush. On top of that he’s spent more yet,
even caving on the bush tax cut extensions though spending like mad. Too little, too late; he gambled, he lost.
All he had to do was what he said he was going to do. Not only would that have
been correct, but he could not have been faulted if perchance it was not. I don’t believe anything he or his
teleprompter says. I find his rhetorical speeches, jive-talking and sense of
petulant indignation intolerable. Quite simply, wobama(s) is nauseating. Drudgereport: TEMPLETON
chairman: Financial Crisis 'Around Corner'...
'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job...
GALLUP
SHOCK: 'REPUBLICAN' BEATS OBAMA BY 8%
DEM
FLASHES RACE CARD IN DEBT DEBATE...[ Oh come on! This jive-talking,
failed ‘president’ has been indulged in every way imaginable and possible (all
those false campaign promises that got him elected, etc.); and people are tired
of his excuses and making excuses for him. He may not have been the first
(clinton has been said even by blacks to have been the first ‘black
president’), but he most assuredly is the last black president, fitting every
negative stereotype imaginable including racist hypocrisy. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud )THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
'Only
THIS president has received the kind attacks and disagreements'...
BOEHNER:
HE HAS NO PLAN...
[ It’s true; ‘wobama the b’ (for b***s***) has no plan whatsoever. Ask Mr.
Teleprompter. ]
KRAUTHAMMER:
CALL THE BLUFF!
McConnell:
Deal Not Possible With Obama … [ I think this shoe fits wobama ...
African-American unemployment at 16% ... (But there’s rationality in this stat
as people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then
there’s the attitude. I truly believe from direct experience that even when
their outright aggression, assaults on persons and the senses, and otherwise
obnoxious behavior is not apposite, the personality disorder ‘passive /
aggressive’ is applicable, however indirectly expressed.) ] ...
Senate
works on framework to raise debt limit As a breakthrough in bipartisan
White House talks begins to look unlikely, Senate leaders work to craft an
alternative strategy. (Washington Post) [ Sounds like a plan! Riiiiight! That
framework thing … for the spending thing … with money they don’t really have on
things they don’t really need, ie., the perma wars (that military inferiority
complex thing), etc.. Republican
leaders clash over debt-limit plan Sen. McConnell warns that default could
“destroy” the GOP brand, but Rep. Cantor rejects his proposal to break the
stalemate over raising the debt limit.
(Washington Post) [McConnell
calls for raising debt limit in steps Senate Republican leader offers to
give President Obama new power to raise debt ceiling as a “backup plan” in case
talks collapse. (Washington Post) [ As if we didn’t ultimately see that coming;
you know, it might affect their paychecks if they didn’t … . Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Budget
amendment plan proceeds as debt crisis eludes compromise Obama meets with top House GOP in hopes of
reaching a debt-limit agreement that could win approval. Obama
vows veto of deficit-cutting plan Klein:
Dangers of being wrong on Keynes Poll:
Little confidence in leaders to deal with issue (Washington Post) [ Well let’s not kid ourselves since the wobama
et als plan already means: IT'S
GOING TO HURT 'FOR LONG TIME TO COME' Says tiny tim geithner … thanks for the heads up tiny tim ‘God bless us everyone’! … As if we didn’t already know it / feel it!
… Stock futures, dollar falls; Moody’s warns U.S. Wed, 13 Jul 2011 Carla Mozee
(MarketWatch) — ‘U.S. stock index futures and the U.S. dollar fell Wednesday evening
after a ratings agency warned that it may cut its rating on U.S. government debt
… The Head Of The World’s Biggest Hedge Fund Sees “Economic
Collapse” Due To Money Printing By Early 2013 Zero Hedge | Dalio believes that future inevitable money printing
will “lead to a collapse in currencies and bond markets.” The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed! Suckers’
rally into the close off lows to keep the suckers suckered.
City Council Attempts To Oulaw Free Speech And Freedom Of
Assembly Steve Watson | In Gould, Arkansas, the
City Council has moved to ban all gatherings and groups, no matter how small
from discussing city matters without prior permission from the authorities.
Whistleblower’s
Death: James Corbett on Murdoch scandal turning bloody RT
| The News Of The World phone-hacking scandal whistleblower has been found
dead.
Dangerous
Levels Of Radiation Recorded In Canada As Fukushima Radiation Dangers Continue
The Intel Hub | This should be a RED ALERT to all Americans
and Canadians!
Ron Paul
Road to 2012: The Tom Sulivan Show YouTube | Ron Paul is
America’s leading voice for limited, constitutional government, low taxes, free
markets, sound money, and a pro-America foreign policy.
Armed
Drones: A Diabolical Revolution in the “Art of War” Global Research
| The UK Ministry of Defence, in common with the defence policies of
other states, is increasing its development, manufacture and use of armed
drones.
Israeli navy
seizes Gaza-bound yacht Reuters | The Israeli navy Tuesday
seized a French yacht carrying pro-Palestinian activists.
Bachmann
criticizes black farmer settlement OMAHA, Neb.
(AP) — ‘Republican presidential candidate Michele Bachmann pointed to one
program in particular Monday when talking about wasteful government spending: a
multibillion dollar settlement paid to black farmers, who claim the federal
government discriminated against them for decades in awarding loans and other
aid.
The issue came
up after Bachmann and Republican Rep. Steve King of Iowa toured flooded areas
along the Missouri River. During a news conference, they fielded a question
about whether farmers affected by the flooding also should be worried by
proposed U.S. Department of Agriculture cuts.
The two responded
by criticizing a 1999 settlement in what is known as the Pigford case, after
the original plaintiff, North Carolina farmer Timothy Pigford. Late last year,
President Barack Obama signed legislation authorizing a new, nearly $1.2
billion settlement for people who were denied payments in the earlier one
because they missed deadlines for filing.
King has
likened the Pigford settlement to "modern-day reparations" for
African-Americans. He said Monday a large percentage of the settlement
"was just paid out in fraudulent claims" and criticized the Obama
administration's plan to resolve separate lawsuits filed by Hispanic and female
farmers.
"That's
another at least $1.3 billion," King said "I'd like to apply that
money to the people that are under water right now."
Bachmann
seconded King's criticism, saying, "When money is diverted to inefficient
projects, like the Pigford project, where there seems to be proof-positive of
fraud, we can't afford $2 billion in potentially fraudulent claims when that
money can be used to benefit the people along the Mississippi River and the
Missouri River."…’
Here’s
some real, complicit cover-up / fraud on the part of the federal government, et
als:
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Here’s
some real, complicit cover-up / fraud on the part of the federal government, et
als:
October 15, 2010 (*see
infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of
the Federal False Claims Act probably would
apply and I would absent resolution seek to refer the within to a firm with
expertise in that area of the law with which I am not familiar).
The
document in 5 pages under penalty of perjury I was asked to forward to the FBI
office in New Haven is probably the best and most concise summary of the
case RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm . With regard to the
calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA
office and I was referred to the Long Beach, CA office where I personally met
with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the
money laundering which he confirmed as indicative of same (he was transferred
from said office within approximately a month of said meeting and his location
was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron
Barndollar and we remained in touch for in excess of a decade until he abruptly
retired (our last conversation prior to his retirement related to the case and
parenthetically, Rudy Giuliani whose father I stated had been an enforcer for
the mob to which he registered disbelief and requested I prove it, which I did
– he served 12 years in prison, aggravated assault/manslaughter? – and no,
there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information including
evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
- A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc..
- Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice
on Coan’s Failure to File Page 1 Page 2 ]
- Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
- Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
- Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In addition to being
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. As much as I hate the mob, it truly was funny, if
not so tragic.], Alito is
also corrupt (and maybe corrupt because he is inept). After a reasonable
(but still rather short) time I called to determine the status and was
told that Alito was no longer with the Office of the U.S. Attorney, that
he was (appointed) a federal judge, and that neither the documents nor any
file or record of same could be located. Alito did parley the same /
cover-up into quid pro quo direct lifetime appointment to the Court of
Appeals, 3rd circuit, despite the absence of judicial
experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as
well). This is the same Sam Alito that now sits on the purported highest
court in the land. The real application of the illegal rule ‘don’t ask,
don’t tell’.
There
is applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert
L. Peia
611
E. 5th Street, #404
Los
Angeles, CA 90013
(213)
219-**** (cell phone)
(213)
622-3745 (listed land line but there are unresolved problems with the line,
computer connection may be the reason but I hesitate to chance greater
non-performance / worsening by their ‘fix’ so cell phone best for contact).
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
Inflationistas
vs. Deflationistas: What Does CPI and PPI Tell Us? at Minyanville Jeff Harding Jul
18, 2011 ‘The reason we are not seeing rapid price inflation is that money
supply growth has been rather modest considering the Fed's attempts to pump the
economy full of money and credit.
Inflationistas
are probably confounded by Friday’s Consumer
Price Index report, which showed a decline of 0.2% in June. The report pins
the decline, the first since June 2010, on falling energy costs. As a large
component of CPI it:
...declined 4.4 percent in June, the largest decline since December
2008. The gasoline index, which fell 2.0 percent in May, declined 6.8 percent
in June. (Before seasonal adjustment, gasoline prices fell 5.8 percent in
June.) Despite the recent declines, the gasoline index has increased 35.6
percent over the past 12 months.
On the other hand, the deflationists are probably
using the data to confirm their belief that
we are in a deflationary trend.
The data shows that “core” price inflation, all items less
food and energy, was still +0.3%, and up 1.6% for the year. The broad CPI-U was
up 3.4% for the year. Core was up 0.03% for the second month, the biggest back-to-back gain in two years.
Some key items:
[E]nergy dropped 4.4 percent, following a 1.0 percent decline. Gasoline
fell 6.8 percent after decreasing 2.0 percent in May. Within the core new
vehicles increased 0.6 percent, used cars and trucks jumped 1.6 percent, and
apparel increased 1.4 percent in June. And owners’ equivalent rent is no longer
as soft as in recent months, rising 0.2 percent.
Food: The food index rose 0.2 percent in June after rising 0.4 percent in each
of the prior two months. The index for meats, poultry, fish, and eggs turned
down in June, falling 0.4 percent after increasing more than one percent in
each of the previous four months. The fruits and vegetables index declined for
the third month in a row in June, falling 0.3 percent as the fresh vegetables
index continued to decline. In contrast, other major grocery store food groups
increased. The index for cereals and bakery products rose 0.6 percent in June,
and the dairy and related products advanced 0.5 percent, as did the index for
other food at home. The index for nonalcoholic beverages increased 0.3 percent
as the coffee index continued to rise. The index for food at home has risen 4.7
percent over the last 12 months, with all the major groups increasing 3.2
percent or more. The index for food away from home rose 0.3 percent in June
after rising 0.2 percent in May.
http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/jh7181.JPG
http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/jh7182.JPG
There are some things to take away from this report. Core is still trending
upward, but oil seems to be declining and bringing CPI down. Oil is not based
so much on market factors as it is on OPEC. Supply and demand has an
impact on these prices, but as we all know, OPEC can influence prices by
increasing or decreasing production. Thus when economists look at CPI they like
to remove the impact of oil to see if they can get a better read on the data.
I would not entirely agree with that. If demand was superfluous to OPEC, then
prices wouldn’t fluctuate as much as they have. As demand for oil grows, prices
rise worldwide. But, I believe prices rise not only because of demand, but
because of the impact of a devalued dollar. And we aren’t the only country in
the world that is devaluing their currency. So, I believe it is possible to
look at oil much as any other commodity that impacts our cost of living,
regardless of OPEC’s impact. All I know right now is that demand is down
worldwide because of falling industrial production, and prices have fallen. It
shouldn’t be excluded from CPI calculation and that is why the
number went down.
I believe “inflation” is an increase of money supply brought about by the Fed,
and that price increases are an effect of it. To distinguish this from the
common definition of “inflation,” I will refer to price increases as “price
inflation.” The reason we are not seeing rapid price inflation is that money
supply growth has been rather modest considering the Fed’s attempts to pump the
economy full of money and credit. Quantitative easing is an inefficient way to
create price inflation, at least as compared to an expansion of money and
credit by banks. And as we all know, banks aren’t lending robustly these days.
But the Fed is indeed pumping money, and monetary inflation is the reason we aren’t
seeing deflation. True (Austrian) Money Supply (TMS2 -- green line) exploded post-Crash until January 2010
and dropped like a rock until late 2010 when it started growing again. See
this chart from Michael Pollaro which I have amended with the dates of QE1
and QE2:
http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/jh7183.JPG
As you can see, the Fed has been pushing on a string, attempting to create
price inflation and prevent “deflation.” They think they have succeeded in the
deflation part, but they are dissatisfied with their attempts at inflation.
The next monetary data report should show more growth in TMS2. QE1 kept TMS2
expanding for about 10 months after it stopped in March 2009 through
January 2010, when it collapsed again. I would expect the effect of QE2 to be
shorter than QE1 because the post-Crash chaos has been resolved to the extent
that now positions are known and we are in a slow but steady debt liquidation
process. This liquidation phase is much stronger than the Fed realizes and the
resolution of malinvestment is going slowly, no thanks to them. This hampers
the formation of new capital and discourages businesses from expanding as the
economy remains in the doldrums. Thus more monetary steroids loses its efficacy
as this process continues.
So, as an inflationista, why haven’t we seen prices go crazy? Let me summarize
my thoughts:
- Inflation is a monetary phenomenon, and price
inflation is a result of it.
- Price inflation is caused by an expansion of the
money supply.
- There is no such thing as demand-pull price
inflation, and we cannot have price inflation because capacity utilization
of factories is low.
- In order for prices to really take off, money
supply needs to take off.
- We have had a roller coaster of monetary
stimulus through QE, causing significant gyrations in money supply.
- QE (helicoptering money into Wall Street) has a
lesser impact on money supply than bank money and credit expansion. It
works, it just doesn’t have the multiplier bang for your buck.
- Money supply growth has been historically lower
as compared to prior inflations that expanded through bank credit (see
2001 on the chart above).
- The monetary impact of QE2 is not done yet, but
it will have a shorter impact on money supply than QE1.
- CPI prices are increasing modestly. The producer
price index (PPI) is showing much higher price increases and this
is starting to squeeze wholesalers and retailers. They will attempt to
raise prices.
- A question arises as to whether or not price
increases will be accepted by consumers since wage growth has been flat. I
believe increases will be rejected by consumers who will further restrict
consumption in response. Or, retailers will swallow the difference, see
profits squeezed, and either way the economy will be harmed from monetary
expansion.
- Ultimately the CPI will rise further, especially
if the Fed does QE3, which I believe will happen. Flat-to-declining growth
will put pressure on the Fed to act. A low CPI (or PCE) and stagnating
employment will encourage the Fed to do QE3 to revive a moribund economy.
- That will lead to continued stagnation.
- The key to recovery will be the liquidation of
malinvestment and its related debt. It is happening, but the process is
slow and more money pumping will only slow it down further.
- Stagflation.
Editor's Note: This article was originally published at The
Daily Capitalist.’
Litany
of Woes Sparks Renewed Bearish S&P ETF Options Trades at
Forbes
Paul B. Farrell: 7 reasons U.S. needs a Good Depression now By Paul
B. Farrell, MarketWatch SAN LUIS
OBISPO, Calif. (MarketWatch) — ‘No, do not raise the debt-ceiling. You heard
me: Block the debt ceiling vote. Don’t raise it. America’s out-of-control. A
debt addict. Time to detox. Deal with the collateral damage before it’s too
late.
We
need to fix America’s looming credit default, failing economy and our
screwed-up banking system. Now, with a Good Depression. If we just kick the can
down the road one more time, we’ll be trapped into repeating our 1930’s
tragedy, a second Great Depression.
Barton Biggs: U.S. needs massive public works program
The U.S. needs to invest in a massive public works
program, and rich people and corporations should pay more taxes. Barton Biggs,
of Traxis Partners, shares his views with the Simon Constable.
Yes,
depression. Spelled: d-e-p-r-e-s-s-i-o-n. Wake up America, recessions do not
work. Won’t work in the future. Remember that 30-month recession after the
dot-com crash? Didn’t work. Why? Because in the decade since that 2000 peak,
Wall Street’s lost an inflation–adjusted 20% of America’s retirement money.
And
what about the so-called Great Recession of the 2008 credit meltdown? Didn’t
work either. In fact, made matters worse: Wall Street got richer by stealing
from the other 98% of Americans, the middle class, the poor. And now their
conservative puppets in Washington want to make matters worse, widening the
wealth gap further to benefit the Super Rich.
Seems
nobody really gives a damn about our great nation any more. America’s now a
capitalists anarchy: “Every (rich) man for himself.” Proxy battles are fought
by high-priced lobbyists in a broken political system. America needs a 21-gun
wake-up call. Yes, that’s why America needs a Good Depression. The economy’s
bad now. But kicking the can down the road again will make matters much worse
later.
America’s leaders lost their moral compass, lack a
public conscience
This
is not our first call for a Good Depression. As early as 2005 we began
reporting on excessive debt. In November 2007 we warned of a crash dead ahead.
The subprime credit meltdown had been accelerating for many months, although
for a year our leaders kept misleading Americans: Fed Chairman Ben Bernanke’s
“it’s under control.” Treasury Secretary Henry Paulson’s delusional “best
economy I’ve ever seen in my lifetime.”
In
August 2008 came the original of our seven reasons why America needs a Good
Depression. Yes August, just two months before Wall Street banks collapsed into
de facto bankruptcy, after many warnings predicting a crisis. This was no Black
Swan. In September 2008 we reported on Naomi Klein, author of “Shock Doctrine:
The Rise of Disaster Capitalism,” warning of Wall Street’s insidious plan to
take over America:
“Nobody
should believe the overblown claims that the market crisis signals the death of
‘free market’ ideology.” Then as the meltdown went nuclear, Klein warned: “Free
market ideology has always been a servant to the interests of capital, and its
presence ebbs and flows depending on its usefulness to those interests. During
boom times, it’s profitable to preach laissez faire, because an absentee
government allows speculative bubbles to inflate.”
But
“when those bubbles burst, the ideology becomes a hindrance, and it goes
dormant while big government rides to the rescue. But rest assured,” she
predicted, Reaganomics “ideology will come roaring back when the bailouts are
done. The massive debts the public is accumulating to bail out the speculators
will then become part of a global budget crisis that will be the
rationalization for deep cuts to social programs, and for a renewed push to
privatize.”
Totally predictable: No Black Swans in 2000, 2008 …
nor in 2012
Yes,
all was predictable: The events of the past few years were well known in
advance. In fact, the events of the entire decade were predictable. The rich
got richer off the backs of the middle class and the poor. Why? “There’s class
warfare all right,” warns Warren Buffett. “But it’s my class, the rich class,
that’s making war, and we’re winning.”
And
they are also blind and deaf to the havoc their free-market Reaganomics
policies are creating, selfishly undermining America, the world’s greatest
economic power.
Lessons
learned? Zero. Why? Wall Street, Washington and Corporate America are focused
on one narrow-minded short-term strategy: Economic g-r-o-w-t-h, bull markets,
megabonuses, tax cuts. In good times they tout “free markets.” But when greed
bombs, they throw free-market “principles” under the Reagan Revolution bus and
unleash their mercenary lobbyists to go whining to Congress for huge taxpayer
bailouts and access at the Fed discount window, to siphon off more taxpayer
money. And they’ll do it again soon,
Wall
Street and their cronies are doing such a miserable job, America needs a new
strategy: First, stop “kicking the can down the road.” Let a good old-fashioned
Good Depression do the job that our hapless, happy-talking leaders refuse to
do. Take our medicine. Let a new depression clean house and reawaken Americans
to core values.
Trust
me folks, it’s either a Good Depression now … or a Great Depression 2. Here are
seven reasons favoring the do-it-now strategy:
1: Capitalism’s now a lethal soul sickness, needs a
reawakening
What’s
the real problem? Not the economy, not markets, nor even politics. Yes, our
economic pains are real. But they’re just symptoms. Something’s structural
wrong. Since 2000 endless bad news: Greed, deceit, stupidity, corruption,
unethical behavior, lack of moral conscience.
The
real problem’s deep in our character, the “mutant capitalism” Jack Bogle warned
of in “The Battle for the Soul of Capitalism.” Sadly, that battle was lost.
With it we lost our soul, our moral compass. America’s character is measured by
our net worth.
2. We’re already in the early stages of a Great
Depression
Comparing
today with the Great Depression is common sport. In a Newsweek special “Seeing
Shades of the 1930s,” Dan Gross wrote: “Wall Street, after two terms of a
business-friendly Republican president, self-immolated on a pyre of greed,
incompetence and excessive optimism.” Today’s “new normal” economy means high
unemployment for years, inflation driving prices, rising interest rates, more
debt, chaos.
We
are destroying ourselves from within. Former U.S. Comptroller General David
Walker warns that “there are striking similarities between America’s current
situation and that of another great power from the past: Rome.” Three reasons
“worth remembering: declining moral values and political civility at home, an
overconfident and overextended military in foreign lands, and fiscal
irresponsibility by the central government.” We are becoming more vulnerable to
external enemies.
3. Good Depression exposes our self-destruct
bubble-thinking
Before
the 2008 crash, “Irrational Exuberance” author Robert Shiller warned in the
Atlantic magazine that “bubbles are primarily social phenomena. Until we
understand and address the psychology that fuels them, they’re going to keep
forming.” Housing inflated 85% in the decade: “Historically unprecedented … no
rational basis for it.”
Bubble
thinking is an toxic virus that infected everyone. Shiller warns of another
coming: “We recently lived through two epidemics of excessive financial
optimism … we are close to a third episode.”
4. Good Depression will stir outrage, force real
reforms
Writing
in the Wall Street Journal, Jim Grant, editor of the Interest Rate Observer,
wrote: “Why No Outrage? Through history, outrageous financial behavior has been
met with outrage. But today Wall Street’s damaging recklessness has been met
with near-silence, from a too tolerant populace.” Grant worries that Wall Street
will run “itself and the rest of the American financial system right over a
cliff.”
But
we only went to the edge in 2008. Today, a rebellious “throw the bums out”
hostility is blowing a new kind of bubble: Three years ago we did not have Tea
Party, union fights, the Arab Spring and Greek austerity riots, all signs of an
dark angry future sweeping across America.
5. Good Depression forces Wall Street to think
outside the box
In
a powerful Bloomberg Markets feature, “No Easy Fix,” we’re told Wall Street’s
“profit formula has hit a wall.” Their “money-making machine is broken and
efforts to repair it after the biggest losses in history are likely to
undermine profits.”
Even
Mad Money’s Jim Cramer openly admits hedge fund managers are pocketing
megaprofits at capital gains rates while laughing at the stupidity of a broken
political system that gives hundreds of billions in tax breaks to the richest,
then takes taxes off the table as our middle class is dying under massive
unsustainable deficits. Soon angry mobs will “fix” Wall Street.
6. Good Depression will deflate America’s warring
soul
The
American economy is a “war economy” driven by a egomaniac. I saw it firsthand
as a U.S. Marine. Americans love being king of the hill, world’s cop, the
global superpower. Why else spend 54% of our tax dollars on a war machine, 47%
of the world’s total military budgets.
Why?
Our war machine generates such “spectacular profits that many people around the
world” are convinced America’s “rich and powerful must be deliberately causing
catastrophes so that they can exploit them,” warns Klein in “Shock Doctrine.”
No wonder the GOP takes military spending, like tax cuts for the rich,
off-the-table: The war industry is a major political donor.
7. Good Depression now … avoids a far bigger
depression later
In
“The Price of Liberty: Paying for America’s Wars,” Robert Hormats,
undersecretary of state and a former Goldman Sachs vice chairman, traces
America’s wartime financing from the Revolutionary War to present wars. He
warns that today we’re “relying on faith over experience, hoping that sustained
growth will erase deficits and that the ballooning costs of Social Security,
Medicare and Medicaid will be manageable in the coming decades without
difficult reforms.”
Absent
a brutal reset, we are on a historically predictable course says Kevin
Phillips, Nixon strategist and author of “Wealth & Democracy:” “Most great
nations, at the peak of their economic power, become arrogant and wage great
world wars at great cost, wasting vast resources, taking on huge debt, and
ultimately burning themselves out.” Yes, burned out, unprepared.
So
pray for a Good Depression earlier rather than later. Choose now and we can be
prepared for whatever comes. Or a Great Depression will hit later, when we’re
least prepared, the problems bigger, our faith weaker … don’t raise the debt
ceiling.’
Our
Debt Binge Is Ending — And The Middle Class Will Get Clobbered
Fed
Can Manipulate Markets, But Can't Reverse Economy at
Minyanville Toby Connor Jul
11, 2011 ‘I believe that we have begun the topping process of this cyclical
bull market [ in this secular bear market ]. In a healthy market an
intermediate decline is a profit-taking event after a significant leg up. It
should hold well above the prior intermediate bottom. The decline into the June
low was not a profit-taking event. The market had not rallied long enough or
far enough to warrant an intermediate correction and certainly not one that would
test the March lows. The decline in May and June was the first shot across the
bow that something was wrong with the fundamentals driving this market.
Now let me be clear, I don't recommend anyone sell short the market. All I'm
saying is it's too late to have retirement funds positioned long at this time.
Asset appreciation is the Fed’s stated third mandate. Bernanke is going to
fight the bear tooth and nail. There will be continued interventions into the
markets. The rules will be changed as we go. Anything and everything will be
tried to keep stock and bond markets levitated. That is not the kind of
environment conducive to making consistent gains on the short side. That is the
kind of environment that can and will whipsaw traders to death.
Even in a market free of intervention the topping process is always volatile
and dangerous. But in a market that is being actively managed it is especially
dangerous on the short side. Case in point -- the June bottom was way too early
for a final intermediate bottom.
As I've said before, we should have seen a counter trend bounce to relieve
sentiment extremes followed by another leg down into a more lasting bottom.
Unfortunately that was not allowed to happen. The powers that be manufactured
an explosive rally on the low volume pre-holiday week in an attempt to create a
massive momentum move ahead of the end of QE2 that would be hard to turn
around. Needless to say Bernanke didn't want a repeat of last year when QE1
ended.
http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/1-spx%20new%20bearb.JPG
Click
to enlarge
The Fed can temporarily turn the markets higher but what they cannot do is
reverse the economy. I said when QE1 began that no amount of printing or
stimulus would stop the underlying cancer in the economy. All it would do is
create a brief reprieve which would be followed by an even deeper and more
severe recession once the sugar high wore off.
The simple fact is that we cannot cure a problem of too much borrowing and too
much spending with more borrowing and more spending. We tried this in the `30's
and it caused a 15 year depression. Japan tried it and it led to two lost
decades.
The cure is to bite the bullet and allow the deleveraging process to run its
course. Yes it will be painful. We've put this off for so long that it isn't
just going to be painful it's going to be catastrophic. But the longer we kick
the can down the road the worse the endgame becomes. The only ray of sunshine I
can offer is that if we let the markets work they will complete the
deleveraging process fairly quickly. Within 2 to 3 years the world can be back
on a sustainable path of growth. Continue to fight this and we could be stuck
in an on-again off-again recession for another 20 years with the final end game
collapse so devastating that it will make the Great Depression look like a
picnic.
The last two employment reports are clearly showing that the economy is
slipping back into recession. I suspect by August the employment report could,
and probably will, turn negative. All the manufactured rallies in the world
cannot prop up the stock market if the economy is rolling over into another
recession. They can postpone the inevitable only so long and ultimately will
just make the bear that much more severe.
The Fed's efforts have only extended the topping process, they haven't stopped
it.’
Gloomy
consumers cast dark cloud over economy
Housing
Woes to Cause Recession in 2012, Says Gary Shilling - Peter
Gorenstein ‘ Stocks rallied Wednesday after Federal
Reserve Chairman Ben Bernanke suggested the central bank would go ahead
with another round of stimulus -- aka quantitative easing -- if the economy
continues to slump. In this scenario, the Federal Reserve would once again
purchase assets to keep interest rates low in an attempt to support the economy
and prop up asset prices.
So far, the
Fed's actions have done more good for asset prices like stocks (see: S&P
500 chart since 2009) while doing less to help the economy (see:
June jobs report). U.S. gross domestic product grew just 1.9% in the first
quarter of the year. For 2011 as a whole, the Fed forecasts U.S. GDP growing at
2.7% to 2.9%, which is lower than the plus 3% forecast they made in April.
Today's guest,
Gary Shilling, President of A. Gary Shilling & Co. and author of the Age
of Deleveraging says another recession is brewing -- no matter what action
the Fed takes. "Economic growth here and abroad is slipping, making a 2012
recession a distinct possibility," he writes in his July newsletter. And,
"when you have slow growth it doesn't take much of a shock to throw you in
negative territory."
Shilling says
the shock to trigger the next recess is "another big leg-down in
housing." (An asset class the Fed has not been able to reflate.) As those
familiar with Shilling know, his forecasts are generally bearish.
However, in his defense, Shilling was one of the few economists who correctly
predicted the dangers of the subprime mortgage market and its impact on the
broader economy.
The problem
with the real estate market remains excess inventory. Based on Shilling's
research, there are 2 million to 2.5 million excess homes in the country -- a
supply that will take 4-5 years to work-off. The result: Housing prices will
fall another 20% and underwater mortgages will balloon from 23% to 40%, he
says.
With housing
slumping again, Shilling says recession is coming to a town near you in 2012.’
Investors
Move Money Out of Blue Chips at Forbes
Top 3
Reasons Markets Were Down on Debt Fears and Banks Wall St. Cheat Sheet July 18, 2011 ‘Markets closed down on Wall Street today: Dow
-0.74% , S&P -0.81% , Nasdaq -0.89% , Oil -1.35% , Gold +1.04% .
On the
commodities front, Oil made a reversal, dropping to $95.93, while
precious metals continued to gain, with Gold up to $1,606.70 an ounce and
Silver up 3.49% to $40.44 an ounce..
Today’s
markets were down because:
1) Same old,
same old. Lately, whenever stocks are down, it has something to do with the sovereign
debt crisis, whether it’s Greece, Italy , Ireland, or the U.S. And today it’s
everybody. Lawmakers continue their game of chicken with just two weeks until a
deal must be reached, while European leaders still haven’t decided on the role
of private investors in a new Greek aid package and Italy’s bond yields
continue to skyrocket. And last week’s bank
stress tests failed to have much of an impact on fears as analysts are
saying that they were too lenient and didn’t accurately test bank preparedness
for Greek default.
2) Banks.
Nothing pulls down the markets like the nation’s biggest banks . When they’re
having a bad day, everyone’s having a bad day, and Bank of America was leading
sector losses, dropping 2.50%. Wells Fargo , Citibank , Deutsche Bank , and
Morgan Stanley were all down more than a percent. With all 10 S&P sectors
down, financials were by far the worst, helping NYSE decliners outnumber
gainers four-to-one. While declines might be explained by general wariness
among investors worried about the economy, it might also have something to do
with the looming uncertainty
surrounding the Dodd-Frank Act and how strictly it will regulate banks and
thus hinder profitability.
3) The Murdoch
Effect. The non-stop
bad press machine that is News Corp. has seen its shares drop off nearly
18% since news of its phone-hacking scandal broke. The stock has fallen 4.32%
just today, and the bad juju seems to be wearing off on other media giants.
Comcast , CBS , Disney are all well into the red today, and even Time Warner
shares are down, despite having record-breaking box office giant — Harry Potter
and the Deathly Hallows 2 –
taking in revenue for the media conglomerate…’
Will
the U.S. Default Before Greece? – Zacks
Final
top 10 leaders in option volume optionMONSTER ‘…The SPDR S&P 500 Fund (NYSEArca:SPY) was down just shy of 1 percent
as 2.13 million options contracts traded. The S&P 500 Index (TSXV:SPX.V) options were third on the
top 10 volume list with 736,000 options. The CBOE Volatility Index was up by
7.6 percent on the day with 493,000 contracts.
Bank of America (NYSE:BAC) heads
into earnings down 2.8 percent with 859,000 options changing hands. Apple
(NasdaqGS:AAPL) was fifth on
the list with 587,000 as it finished the day higher by 2.4 percent. Citigroup
(NYSE:C) remained in the 10th spot
with 348,000.
The iShares Russell 2000 Index Fund (NYSEArca:IWM) had 639,000 options traded.
The SPDR Financial Fund (NYSEArca:XLF)
regained ground and finished the day down 1.35 percent with 400,000. The
PowerShares QQQ Trust (NasdaqGM:QQQ)
had 337,000.
The iShares Silver Fund (NYSEArca:SLV)
was up by 3.22 percent. It saw 338,000 options change hands on the day, with
calls outnumbering puts more than 3 to 1
http://www.optionmonster.com/cms/commentary/images/TMfinalvolumes71811.png …’
Gold
& Silver Surge As Debt Woes, China Demand Keep Growing - at
Barrons.com
Confirmed:
Federal Reserve Policy is Killing Lending, Employment and the Economy Washington’s
Blog | The Federal Reserve has been intentionally discouraged banks
from lending to Main Street – in a misguided attempt to curb inflation.
“They’re
Going to Cut Back the Bone and They’re Going to Keep the Fat…” Washington’s
Blog | They’re Going to Try to Panic the Population into Acquiescing
in a Democratic Party Sellout by Cutting Back Payments to the People.
Treasury
To Stop Funding Its Market Manipulation Fund To Delay US Bankruptcy Tyler
Durden | Tim Geithner was just forced to resort to the final debt
ceiling extension measure.
Gold
And Silver Likely To Go Parabolic Due To ‘Global Shockwaves’ If U.S. Defaults
Zero Hedge | Gold is some 0.5% lower against the U.S. dollar
and most currencies today but is higher in Australian dollars as the Aussie
fell on Australian and global economic growth concerns.
Obama
nominates consumer finance chief UPI | Ohio Attorney
General Richard Cordray will be nominated to head the new Consumer Financial
Protection Bureau.
Return
of the Gold Standard as world order unravels London Telegraph
| The eurozone debt crisis has spread to the countries that may be too big to
save.
Why
Banks Aren’t Lending: The Silent Liquidity Squeeze Truthout
| Where did all the jobs go?
We Have Forgotten
What the Ancient Sumerians and Babylonians, the Early Jews and Christians, the
Founding Fathers and Even Napolean Bonaparte Knew About Money Washington’s
Blog | Mike “Mish” Shedlock has repeatedly pointed out that we have
reached “peak credit” – and there will not in our lifetimes be as much credit
as we saw from 2000-2008.
Obama’s
Proposal: Increase Debt Extra $26B This Year, $83B Next Year, $2.7T Over Decade
CNS News | In short, the only budget proposal Obama has put
forward this year for the public to review and analyze puts the federal
government on a path to eventual bankruptcy.
Too
Big To Fail?: 10 Banks Own 77 Percent Of All U.S. Banking Assets Economic
Collapse | In 2008, people were told that the largest banks in the
U.S. were “too big to fail.”
6 Steps
by the IMF for a One-World Currency Brandon Smith | The
concept of a global currency is often spoken of only with an atmosphere of
caution.
The Head Of The World’s Biggest Hedge Fund Sees “Economic
Collapse” Due To Money Printing By Early 2013 Zero Hedge
| Dalio believes that future inevitable money printing will “lead to a collapse
in currencies and bond markets.”
Parker:
Obama’s not-quite-true story (Washington Post) [ I frankly am quite surprised that Ms. Parker
chooses this of all accounts when there’s a cornucopia of lies now inseperable
from the personified fraud, barrack obama aka ‘wobama the b’ (for
b***s***). Indeed, wobama’s become a
shamelessly insufferable, jive-talking liar that can only now be at best
considered a failed president. Do not feel sorry for him. He rolled the dice
when contrary to campaign promises that got him elected, he continued the
contraindicated, misguided, and prohibitively costly and quite unnecessary
perma-war policies of failed president, predecessor dumbya bush. On top of that
he’s spent more yet, even caving on the bush tax cut extensions though spending
like mad. Too little, too late; he
gambled, he lost. All he had to do was what he said he was going to do. Not
only would that have been correct, but he could not have been faulted if
perchance it was not. I don’t believe
anything he or his teleprompter says. I find his rhetorical speeches,
jive-talking and sense of petulant indignation intolerable. Quite simply,
wobama(s) is nauseating. Drudgereport: TEMPLETON
chairman: Financial Crisis 'Around Corner'...
'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job...
GALLUP
SHOCK: 'REPUBLICAN' BEATS OBAMA BY 8%
DEM
FLASHES RACE CARD IN DEBT DEBATE...[ Oh come on! This jive-talking,
failed ‘president’ has been indulged in every way imaginable and possible (all
those false campaign promises that got him elected, etc.); and people are tired
of his excuses and making excuses for him. He may not have been the first
(clinton has been said even by blacks to have been the first ‘black
president’), but he most assuredly is the last black president, fitting every
negative stereotype imaginable including racist hypocrisy. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud )THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
'Only
THIS president has received the kind attacks and disagreements'...
BOEHNER:
HE HAS NO PLAN...
[ It’s true; ‘wobama the b’ (for b***s***) has no plan whatsoever. Ask Mr. Teleprompter.
]
KRAUTHAMMER:
CALL THE BLUFF!
McConnell:
Deal Not Possible With Obama … [ I think this shoe fits wobama ...
African-American unemployment at 16% ... (But there’s rationality in this stat
as people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then
there’s the attitude. I truly believe from direct experience that even when
their outright aggression, assaults on persons and the senses, and otherwise
obnoxious behavior is not apposite, the personality disorder ‘passive /
aggressive’ is applicable, however indirectly expressed.) ] ...
Senate
works on framework to raise debt limit As a breakthrough in bipartisan
White House talks begins to look unlikely, Senate leaders work to craft an
alternative strategy. (Washington Post) [ Sounds like a plan! Riiiiight! That
framework thing … for the spending thing … with money they don’t really have on
things they don’t really need, ie., the perma wars (that military inferiority
complex thing), etc.. Republican
leaders clash over debt-limit plan Sen. McConnell warns that default could
“destroy” the GOP brand, but Rep. Cantor rejects his proposal to break the
stalemate over raising the debt limit.
(Washington Post) [McConnell
calls for raising debt limit in steps Senate Republican leader offers to
give President Obama new power to raise debt ceiling as a “backup plan” in case
talks collapse. (Washington Post) [ As if we didn’t ultimately see that coming;
you know, it might affect their paychecks if they didn’t … . Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Bond
investors not scared away As the clock on debt talks runs out, investors
who lend money to the U.S. government are playing it cool. (Washington Post) [
Playing it cool, or playing the fool? I say the latter because some very smart
money thinks quite the contrary regardless of any debt-ceiling deal, etc. … Report:
Pimco's
Gross Sells All US
Treasury Holdings
Mar 9, 2011 – Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management
... Report: Pimco's Gross Sells All US Treasury Holdings ... Mohamed A. El-Erian confirmed
the move! Fed
Can Manipulate Markets, But Can't Reverse Economy at
Minyanville Toby Connor Jul
11, 2011 ‘I believe that we have begun the topping process of this cyclical
bull market [ in this secular bear market ]. In a healthy market an
intermediate decline is a profit-taking event after a significant leg up. It
should hold well above the prior intermediate bottom. The decline into the June
low was not a profit-taking event. The market had not rallied long enough or
far enough to warrant an intermediate correction and certainly not one that
would test the March lows. The decline in May and June was the first shot
across the bow that something was wrong with the fundamentals driving this
market.
Now let me be clear, I don't recommend anyone sell short the market. All I'm
saying is it's too late to have retirement funds positioned long at this time.
Asset appreciation is the Fed’s stated third mandate. Bernanke is going to
fight the bear tooth and nail. There will be continued interventions into the
markets. The rules will be changed as we go. Anything and everything will be
tried to keep stock and bond markets levitated. That is not the kind of
environment conducive to making consistent gains on the short side. That is the
kind of environment that can and will whipsaw traders to death.
Even in a market free of intervention the topping process is always volatile
and dangerous. But in a market that is being actively managed it is especially
dangerous on the short side. Case in point -- the June bottom was way too early
for a final intermediate bottom.
As I've said before, we should have seen a counter trend bounce to relieve
sentiment extremes followed by another leg down into a more lasting bottom.
Unfortunately that was not allowed to happen. The powers that be manufactured
an explosive rally on the low volume pre-holiday week in an attempt to create a
massive momentum move ahead of the end of QE2 that would be hard to turn
around. Needless to say Bernanke didn't want a repeat of last year when QE1
ended.
http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/1-spx%20new%20bearb.JPG
Click
to enlarge
The Fed can temporarily turn the markets higher but what they cannot do is
reverse the economy. I said when QE1 began that no amount of printing or
stimulus would stop the underlying cancer in the economy. All it would do is
create a brief reprieve which would be followed by an even deeper and more
severe recession once the sugar high wore off.
The simple fact is that we cannot cure a problem of too much borrowing and too
much spending with more borrowing and more spending. We tried this in the `30's
and it caused a 15 year depression. Japan tried it and it led to two lost
decades.
The cure is to bite the bullet and allow the deleveraging process to run its
course. Yes it will be painful. We've put this off for so long that it isn't
just going to be painful it's going to be catastrophic. But the longer we kick
the can down the road the worse the endgame becomes. The only ray of sunshine I
can offer is that if we let the markets work they will complete the
deleveraging process fairly quickly. Within 2 to 3 years the world can be back
on a sustainable path of growth. Continue to fight this and we could be stuck
in an on-again off-again recession for another 20 years with the final end game
collapse so devastating that it will make the Great Depression look like a
picnic.
The last two employment reports are clearly showing that the economy is
slipping back into recession. I suspect by August the employment report could,
and probably will, turn negative. All the manufactured rallies in the world
cannot prop up the stock market if the economy is rolling over into another
recession. They can postpone the inevitable only so long and ultimately will
just make the bear that much more severe.
The Fed's efforts have only extended the topping process, they haven't stopped
it.’
Gloomy
consumers cast dark cloud over economy
Housing
Woes to Cause Recession in 2012, Says Gary Shilling - Peter
Gorenstein ‘ Stocks rallied Wednesday after Federal
Reserve Chairman Ben Bernanke suggested the central bank would go ahead
with another round of stimulus -- aka quantitative easing -- if the economy
continues to slump. In this scenario, the Federal Reserve would once again
purchase assets to keep interest rates low in an attempt to support the economy
and prop up asset prices.
So far, the
Fed's actions have done more good for asset prices like stocks (see: S&P
500 chart since 2009) while doing less to help the economy (see:
June jobs report). U.S. gross domestic product grew just 1.9% in the first
quarter of the year. For 2011 as a whole, the Fed forecasts U.S. GDP growing at
2.7% to 2.9%, which is lower than the plus 3% forecast they made in April.
Today's guest,
Gary Shilling, President of A. Gary Shilling & Co. and author of the Age
of Deleveraging says another recession is brewing -- no matter what action
the Fed takes. "Economic growth here and abroad is slipping, making a 2012
recession a distinct possibility," he writes in his July newsletter. And,
"when you have slow growth it doesn't take much of a shock to throw you in
negative territory."
Shilling says
the shock to trigger the next recess is "another big leg-down in
housing." (An asset class the Fed has not been able to reflate.) As those
familiar with Shilling know, his forecasts are generally bearish.
However, in his defense, Shilling was one of the few economists who correctly
predicted the dangers of the subprime mortgage market and its impact on the
broader economy.
The problem
with the real estate market remains excess inventory. Based on Shilling's
research, there are 2 million to 2.5 million excess homes in the country -- a
supply that will take 4-5 years to work-off. The result: Housing prices will
fall another 20% and underwater mortgages will balloon from 23% to 40%, he
says.
With housing slumping again, Shilling says recession is coming to a town near
you in 2012.’
Europe’s
banks at risk, study finds Regulators find a system dependent on government
support and in need of better preparation. (Washington Post) [ Europe’s banks
at risk … they needed a study to discern that? How ‘bout Europe, the EU, the
euro are at risk; and, we don’t need a study to discern that fact. Foolishly
At The Brink! at Forbes Sy Harding
‘Governments around the world are struggling with record debt. The debt crisis
in Europe and the struggle in Washington to raise the U.S. debt ceiling are in
the news every day.
As
the original debt crisis in Europe migrated from Greece to Ireland, to
Portugal, to Italy over the last 18 months a commonality became obvious.
Opposing government parties in each country fought over the methods to tackle
the problem until each crisis reached the brink of default on the country’s
debt, and confidence in its economy was in shambles.
Over
the past week it’s been Italy’s turn. The third largest economy in Europe and
deemed to be too large to bail out, Italy’s government has been debating
angrily for months about how best to handle its growing debt crisis. It was
only after the bottom fell out of Greece’s stock and bond markets early this
week that the wrangling Greek parliament panicked and quickly ‘fast-tracked’ an
agreement on austerity measures to at least postpone the crisis for awhile.
For
18 months now global stock, bond, and currency markets have been roiled each
time the European debt crisis popped up again. And each time, euro-zone finance
ministers and politicians took action only when the markets forced them to do
so.
Is
the U.S. now in its Greek-Italian phase? Will it take a U.S. market meltdown to
convince Washington of the seriousness of the situation?
Here
we are, after months of squabbling, with the drop-dead date of August 2 for
raising the debt ceiling only two weeks away. This week both Moody’s and
Standard & Poor’s put U.S. debt on ‘credit watch’ for a possible down-grade
from its coveted triple-A credit rating, due to the lack of progress in
Washington. If it were to take place it would be the first downgrade of U.S.
debt since ratings began in 1917.
The
most likely scenario is a last-minute, cobbled together agreement that neither
side likes, which could be announced at any time, perhaps even by the time you
read this.
However,
the risk of a downgrade is there. Standard & Poor’s puts the odds at 50%.
As
Bloomberg News puts it, “Both the Republicans wanting to replace President
Obama, and Democrats seeking the best way to re-elect him, have emerged as
obstacles to agreement on raising the government’s debt limit. Republican
presidential candidates and Democratic activists alike are using the debate to
sharpen their political messages and appeal to core voters. . . both parties
set in concrete on what they believe their base has to have.”
Damage
has already been done, by creating a global impression that the world’s largest
economy, which professes to still be a shining example for the rest of the
world, is as inept as the most backward banana-republic in dealing with
problems in a rational way.
It’s
particularly frustrating with the economic recovery stalling again, to see
Washington still so selfishly playing party politics, taking the country’s
future so close to the brink of the unknown. Experts around the world are
warning that the consequences of even a brief ‘technical default’ by the U.S.
are dangerously unknown, and at the least could seriously affect confidence in
U.S. debt and the dollar for some time to come.
Meanwhile,
the Federal Reserve and Wall Street are assuring us that the economic slowdown
in the first half of the year was temporary, that the current quarter and
second half will see a robust recovery.
But
the economic reports continue to get worse, and the conditions causing the
worsening numbers continue to deteriorate. Last week’s terrible jobs report for
June should have left no doubt that the slowdown will continue this month. And
the reports released this week confirm that trend. The National Federation of
Independent Businesses reported that its Small Business Confidence Index fell
to 90.8 in June, which the NFIB says is “solidly in recession territory”. On
Friday, the University of Michigan’s closely watched Consumer Sentiment Index
was released and plunged from 71.5 in June to 63.8 this month, its lowest level
in more than two years.
Since
consumer spending accounts for 80% of the economy, that continuing decline in
consumer confidence alone is a scary trend, and it will not be helped by
Washington carrying the country to the brink of the first ever downgrade of its
credit rating.
I’ve
been predicting a significant stock market correction this summer, not a bear
market, but a decline of 18% or so on the S&P 500 that will force the Fed
to come in with some type of QE3 stimulus in the fall, which in turn will
create the typical positive market in the market’s favorable season next
winter.
But
I assumed a timely agreement on raising the debt ceiling, and have not factored
in the unknown additional negative if the dangerous foolishness in Washington
continues to the brink or beyond.
Let’s
hope some sense of the reality comes into the situation quickly.
In
the interest of full disclosure, I and my subscribers took our previous profits
from bonds and our downside positions against the stock market when the recent
snap-back rally began, but have repositioned for a resumption of the
correction, with initial positions in the iShares 20-year bond etf, symbol TLT,
the ProShares Short S&P 500 etf, symbol SH, and the ProShares Short Russell
2000 etf, symbol RWM.’
World
Bank chief blames Barack Obama for Doha trade talks deadlock Larry
Elliott | Zoellick blamed Obama for deadlock in global trade talks.
Gold
soars above $1,600 per ounce for first time AFP | The
precious metal extended its recent record-breaking surge which began on Friday.
Were
America’s Assets Looted Years Ago? Washington’s Blog |
Forbes’ Merrill Matthews argues that the multi-trillion dollar social security
trust fund was looted years ago.
National / World
The Great Global Debt Depression: It’s All Greek To Me Andrew
Gavin Marshall | We are entering perhaps the most important historic
era in the human story thus far.
Experts Warn of al-Qaeda Attack If Debt Ceiling Not
Raised Kurt Nimmo | It’s not enough for Obama to
threaten to cut off the Social Security of old folks.
Debt
Ceiling Drama Ron Paul | We need to stop allowing
secretive banking cartels to endlessly enslave us through monetary policy
trickery.
News of the World phone-hacking whistleblower found dead London
Guardian | Death of Sean Hoare – first to allege Andy Coulson knew of
hacking – not being treated as suspicious.
Gold
Breaks Record Kurt Nimmo | Analysts believe the
yellow metal may reach $5,000 an ounce by 2020.
TSA Charges Congressman With Violating Federal Law For
Exposing Security Breaches Steve Watson |
Hypocrites: At same time appeals court confirms TSA itself broke federal law.
15,000 US Troops to Remain In Iraq, Renamed “Diplomats” Paul
Joseph Watson | Role will be to occupy military bases and protect
oilfields.
Two Examples of Fascism Run by Banks Ethan
Jacobs | The largest banks must be boycotted and the Federal Reserve
System abolished.
Government Increases Hysteria Over Cyber Attacks in Push
to Crack Down on Internet Kurt Nimmo | The claim
critical infrastructure is at risk is a red herring.
The Cowardly Congress and the Tyrannical President Sartre
| It is time to strip off the costume and bare the Realpolitik to the bone.
Social Media Targeted by Pentagon for “Strategic
Communication” Daniel Taylor | The Pentagon, which
developed the internet to begin with, is engaging in full scale memetic
enginnering in the digital world.
The Head Of The World’s Biggest Hedge Fund Sees “Economic
Collapse” Due To Money Printing By Early 2013 Zero Hedge
| Dalio believes that future inevitable money printing will “lead to a collapse
in currencies and bond markets.”
TSA Charges Congressman With Violating Federal Law For
Exposing Security Breaches Steve Watson |
Hypocrites: At same time appeals court confirms TSA itself broke federal law.
Government Increases Hysteria Over Cyber Attacks in Push
to Crack Down on Internet Kurt Nimmo | The claim
critical infrastructure is at risk is a red herring.
Woman boards plane with 3-inch knife TWICE but TSA plays
it down because explosives are ‘biggest threat’ UK Daily
Mail | The TSA has seemingly played down the incident saying its
greatest focus needs to be on explosives rather than blades.
Default ‘Off the Table,’ Debt Deal Will Be Struck:
Geithner CNBC.com | Treasury Secretary Tim Geithner
told CNBC Monday that he is certain that congressional leaders will strike a
deal to raise the federal debt ceiling.
Moody’s suggests U.S. eliminate debt ceiling Reuters
| Ratings agency Moody’s on Monday suggested the United States should
eliminate its statutory limit on government debt
Bohemian Grove 2011 Cremation Of Care Interviews YouTube
| Footage shot from outside the secretive elite gathering at the
Bohemian Grove, currently ongoing in Monte Rio, California.
Ventura Threatens To Vacate US Over TSA Groping Paul
Joseph Watson | Former Governor considering obtaining Mexican citizenship,
vows never to fly again in America if lawsuit struck down.
There’s no point saving the world if we don’t cherish
what makes the world worth saving Andrew Steele |
9/11 Truth saves the world.
Gun-smuggling cartel figures possibly were paid FBI
informants LA Times | At least six Mexican drug
cartel figures involved in gun smuggling also were paid FBI informants.
Ron Paul expands TV ad campaign to Nevada Raw
Story | Ron Paul (R-TX) is expanding his TV advertising campaign in
early caucus and primary states.
Charting America’s Brief Trip In And Out Of Austerity…
And Onward To Complete Disaster Tyler Durden |
Bottom line, enjoy this slowdown in the speed of the US Titanic while you can.
Crisis And Collapse Unfortunate but Inevitable Bob
Chapman | As we have said for many years crime on Wall Street, in
banking and in corporate America pays.
Credit-rating
firms loom over debt debate Despite a behind-the-scenes campaign by the
White House to keep the nation’s major credit-ratings companies from
threatening to downgrade the U.S., the firms have issued default warnings
anyway. (Washington Post) [ Call
Obama’s bluff Republicans should force him to propose real tax reform.
(Washington Post) [ Well, the first part, ‘Call obama’s bluff’; eh, what the
heck, sounds good. But, propose ‘real tax reform’. I’d say, giving him the
benefit of the doubt, Mr. Krauthammer’s somewhat uncharacteristically in
fantasy land. After all, isn’t all of this part of the pre-election year game
of ‘blind men’s bluff’. Kind of like being between the proverbial ‘Iraq and a
hard place’. I mean, where were all these pricipled partisans when it could
have counted; ie., Is a U.S. Default Inevitable? Patrick J. Buchanan |
..bush prepared to invade Iraq in 2002..likely cost would be $60 billion, said
Mitch Daniels of the OMB..finance the war with Iraqi oil,said Wolfowitz..the
cost of the Iraq War? It has passed $1 trillion..’, etc.. Obama
on high ground But Cantor could still bring him down. (Washington Post) [
High ground? No such thing for ‘wobama the b’ (for b***s***)! He can run, but
can’t hide from his contraindicated (based on reality, broken campaign
promises, and consequences therefrom) record of unequivocal failure. Geithner
says hard times to continue for many [ But not for his frauds on
wall street for whom everyone’s expected to keep sacrificing; and, ultimately
their negative churn-and-earn in real economic terms has to come from some
place, ie., you, yours, main street, etc., and has manifested in the QE’s,
etc.. Well, there you have it. The product of his, wobama et als’ policies;
viz., unhappy days are here again’ or, hard times for most are here to stay,
or, you get the picture, your pain their gain.
] Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out. (Washington
Post) [ Yeah, dem’ darn PIIGS. Reminds
me of that joke (I won’t repeat it here except the punch line): ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it owes
$15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP)
in the form of unfunded liabilities. The funniest thing about this (and you
have to laugh) is to see Conservative pundits get on TV and talk about how we
need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to recommend
it. My own direct experience with the region(s) (particularly new jersey, new
york, virginia, connecticut, california) carves out no exception for the
prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Karzai Hitman Worked for CIA and U.S. Special Forces Kurt
Nimmo | Corporate downplays Ahmed Wali Karzai’s role as Afghan drug
kingpin.
Gun-smuggling cartel figures possibly were paid FBI
informants LA Times | Probe reveals that the U.S.
agency running the ‘Fast and Furious’ anti-gun-trafficking operation didn’t
know about the alleged FBI informants. Congressional investigators are looking
into the matter.
Goldman Bet Against Entire European Nations – Who Were
Clients – the Same Way It Bet Against Its Subprime Mortgage Clients Washington’s
Blog | It is well-documented that big banks like Goldman Sachs made
money by betting against investments.
Ron Paul expands TV ad campaign to Nevada Raw
Story | Ron Paul (R-TX) is expanding his TV advertising campaign in
early caucus and primary states.
Charting America’s Brief Trip In And Out Of Austerity…
And Onward To Complete Disaster Tyler Durden |
Bottom line, enjoy this slowdown in the speed of the US Titanic while you can.
Clinton Announces al-Qaeda as Legitimate Government of
Libya Kurt Nimmo | Oceania is at war with Eastasia.
Oceania has always been at war with Eastasia.
Confirmed: Federal Reserve Policy is Killing Lending,
Employment and the Economy Washington’s Blog | The
Federal Reserve has been intentionally discouraged banks from lending to Main
Street – in a misguided attempt to curb inflation.
10 Signs Americans Are Starting To Freak Out About
Condition Of Economy The Economic Collapse | All
over America, restlessness and frustration are growing.
Is
There Anything We Are Still Free To Do Without Government Permission? American
Dream | Very, very few things are still permissible without government
approval today.
Mass psychosis in the US Aljazeera.net
Obama
presses for debt deal President opens the door to a less ambitious compromise
to the looming debt-ceiling crisis. (Washington Post) [ Less ambitious? As in
‘anything at all’ … as in something other than ‘nothing to write home about’. Call
Obama’s bluff Republicans should force him to propose real tax reform.
(Washington Post) [ Well, the first part, ‘Call obama’s bluff’; eh, what the
heck, sounds good. But, propose ‘real tax reform’. I’d say, giving him the
benefit of the doubt, Mr. Krauthammer’s somewhat uncharacteristically in
fantasy land. After all, isn’t all of this part of the pre-election year game
of ‘blind men’s bluff’. Kind of like being between the proverbial ‘Iraq and a
hard place’. I mean, where were all these pricipled partisans when it could
have counted; ie., Is a U.S. Default Inevitable? Patrick J. Buchanan |
..bush prepared to invade Iraq in 2002..likely cost would be $60 billion, said
Mitch Daniels of the OMB..finance the war with Iraqi oil,said Wolfowitz..the
cost of the Iraq War? It has passed $1 trillion..’, etc.. Obama
on high ground But Cantor could still bring him down. (Washington Post) [
High ground? No such thing for ‘wobama the b’ (for b***s***)! He can run, but
can’t hide from his contraindicated (based on reality, broken campaign
promises, and consequences therefrom) record of unequivocal failure. Geithner
says hard times to continue for many [ But not for his frauds on
wall street for whom everyone’s expected to keep sacrificing; and, ultimately
their negative churn-and-earn in real economic terms has to come from some
place, ie., you, yours, main street, etc., and has manifested in the QE’s, etc..
Well, there you have it. The product of his, wobama et als’ policies; viz.,
unhappy days are here again’ or, hard times for most are here to stay, or, you
get the picture, your pain their gain.
] Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out. (Washington
Post) [ Yeah, dem’ darn PIIGS. Reminds
me of that joke (I won’t repeat it here except the punch line): ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it must
be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she look
pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan on
debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which means
like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
STEVE
WYNN UNLOADS ON OBAMA... (via Drudgereport) ‘…here's the crux of it:
I believe in Las Vegas. I think its best days are ahead of it. But
I'm afraid to do anything in the current political environment in the United
States. You watch television and see what's going on on this debt ceiling issue. And what I consider to be a total lack of
leadership from the President and nothing's going to get fixed until the
President himself steps up and wrangles both parties in Congress. But everybody
is so political, so focused on holding their job for the next year that the
discussion in Washington is nauseating.
And I'm saying it bluntly, that this administration is the greatest
wet blanket to business, and progress and job creation in my lifetime. And I can prove it and I could spend the next 3
hours giving you examples of all of us in this market place that are frightened
to death about all the new regulations, our healthcare costs escalate,
regulations coming from left and right. A President that seems, that keeps
using that word redistribution. Well, my
customers and the companies that provide the vitality for the hospitality and
restaurant industry, in the United States of America, they are frightened of
this administration.And it makes you slow down and not invest
your money. Everybody complains about how much money is on the side in America.
You bet and until we change the tempo and the conversation from
Washington, it's not going to change. And those of us who have business
opportunities and the capital to do it are going to sit in fear of the
President. And a lot of people don't want to say that. They'll say, God, don't
be attacking Obama. Well, this is Obama's deal and it's Obama that's
responsible for this fear in America.
The guy keeps
making speeches about redistribution and maybe we ought to do something to
businesses that don't invest, their holding too much money. We haven't heard
that kind of talk except from pure socialists. Everybody's afraid of the
government and there's no need soft peddling it, it's the truth. It is the
truth. And that's true of Democratic businessman and Republican businessman,
and I am a Democratic businessman and I support Harry Reid. I support Democrats
and Republicans. And I'm telling you that the business community in this
company is frightened to death of the weird political philosophy of the
President of the United States. And until he's gone, everybody's going to be
sitting on their thumbs.
Later in the
call, he rants again about how hard it is to visit America (due to Homeland
Security and visa issues), and what that means for Chinese visitors.
SEE ALSO: 10
signs people are starting to freak out about the economy >
Read more: http://www.businessinsider.com/wynn-ceo-steve-wynn-conference-call-transcript-obama-2011-7#ixzz1SVOWlB17’
‘Carmageddon’
starts in L.A. A 10-mile stretch of
one of the nation’s busiest freeways is being closed for 53-hour construction.
(Washington Post) [ While it is true there is so much news of great consequence
worldwide, it seems at first blush somewhat remiss of me to be commenting on
what I deem to be a ‘non-story’. Yet, it is the very pervasive prominence of
this ‘non-story’ that compels me to comment here at the risk of appearing to
have fallen prey to this almost non-newsworthy obsession dubbed ‘carmageddon’.
Regionally based and presumably based on demographics / viewership this falls
within the bailiwick of that other indigenous ‘news-preoccupation’ which I’ve
never seen beyond the LA market; viz., the innumerable car chases which I have
literally seen occupying an entire newcast (30 / 60 minutes) to the exclusion
of all other news. I’m totally nonplused and at a loss to explain this which I
hope is still a very local phenomenon that defies rational explanation. IT'S
GOING TO HURT 'FOR LONG TIME TO COME' [ Says tiny tim geithner …
thanks for the heads up tiny tim ‘God
bless us everyone’! … As if we didn’t
already know / feel it! …Stock futures, dollar falls; Moody’s warns U.S. Wed, 13 Jul 2011 Carla Mozee
(MarketWatch) — ‘U.S. stock index futures and the U.S. dollar fell Wednesday
evening after a ratings agency warned that it may cut its rating on U.S.
government debt…’
S&P
threatens downgrade of U.S. financial companies
Top 3
Reasons Markets Were Up Despite Continuing Debt Ceiling Impasse July 15, 2011
Wall St. Cheat Sheet ‘Markets closed up on Wall Street today: Dow
+0.35% , S&P +0.56% , Nasdaq +0.98% , Oil +1.82% , Gold +0.31% .
On the
commodities front, Oil made a reversal, climbing to $97.43, while
precious metals gained slightly, with Gold up to $1,594.20 an ounce and Silver
up 1.33% to $39.21 an ounce.
Don’t Miss: Why
Are Gold Prices Pushing Record Highs?
Today’s
markets were up because:
1) M&A
activity. With so much negative economic news — declining
consumer sentiment, Standard & Poor’s putting the U.S. on downgrade
watch, and the continuing impasse of debt ceiling talks — markets could
have easily been down again today. But in a rare feat, they were bolstered by
individual sectors and stocks. Clorox and Petrohawk deals
were responsible for huge NYSE gains.
2) Euro-bank
stress tests. The results of the stress tests for 90 European banks had
investors around the world on the edge of their seats, but ultimately the
results of the test held no real surprises and could have definitely been
worse. Only 8 of the banks failed, though another 16 narrowly passed. The eight
failing banks had a combined shortfall of 2.5 billion euros in capital under
the European Banking Authority’s worst-case economic scenario. Last year’s 7 failing banks had a combined shortfall of 3.5 billion
euros. Not only did this year’s failing banks fare better than last year’s, but
there were significantly fewer than expected. Estimates had the number near 20.
So while the results of the stress test might not be considered good news, they
most certainly aren’t bad, especially considering the failing banks are right
where one would expect them to be: 5 in Spain, 2 in Greece, and 1 in Austria.
3) Google. The
so-much-more-than-a-search-engine’s new social networking tool, Google+, has
already gained over 10 millionusers in just 2 weeks and is only one of many
reasons why Google’s latest earnings report throttled the company’s pared down
expectations. (See: “Here’s
Why Google+ Means Serious Money“) Net
income rose to $2.5 billion versus $1.84 billion in the same quarter a year
earlier, a 36.1% increase. The success of Android, which accounted for 40% of
smartphone sales this year is another reason for the great earnings report that
pushed up the company’s stock 13.34%, trading on a volume of 12.27 million
today where the 30-day average is only 3.01%. Google’s good fortune alone
comprised a good share of the Nasdaq’s gains today in an otherwise shaky day of
trading.’
Regulators
shut 4 small banks in 3 states – AP
http://uk.reuters.com/article/2011/07/16/fdic-bankfailures-idUKN1E76E1RU20110716
Reuters WASHINGTON, July 15 - U.S. authorities closed four banks on Friday, bringing the total
number of bank closures in 2011 to 55
See the film the “End the
Fed” crowd holds sancrosanct: The Money Masters http://www.themoneymasters.com
Return
of the Gold Standard as world order unravels London Telegraph
| The eurozone debt crisis has spread to the countries that may be too big to
save.
Why
Banks Aren’t Lending: The Silent Liquidity Squeeze Truthout
| Where did all the jobs go?
Inflation On the Rise Reuters
| High inflation, driven by strong energy and food prices, undermined economic
activity in first quarter.
Gold
And Silver Likely To Go Parabolic Due To ‘Global Shockwaves’ If U.S. Defaults
Zero Hedge | Gold is some 0.5% lower against the U.S. dollar
and most currencies today but is higher in Australian dollars as the Aussie
fell on Australian and global economic growth concerns.
Manufacturing
Gauge Slumps as Core Inflation Gains Reuters | Inflation
at highest pace in three years.
US
Default Risk Jumps To Highest Since February 2010 On Debt Ceiling Worries Tyler
Durden | So much for the market “completely ignoring” the total chaos
and complete cacophony out of the tragicomic DC soap opera.
The Fed, the
debt, Ron Paul and gold RT | President Obama and Vice
President Biden have just had yet another meeting with top lawmakers hoping to
reach an agreement about the debt ceiling.
Banks,
investors show no default leeway Obama administration officials have been
privately exploring with major banks and foreign investors whether the
government could devise a way to avoid a severe disruption in financial markets
if the federal debt ceiling is not raised. But the message back from the market
has been discouraging. (Washington Post) [ Oh yeah … major banks, foreign
investors, the so-called ‘market’, if you will, albeit manipulated; toward what
end? Oh riiiiight … the end. The point is, and this is an understatement,
they’ve been far less than brilliant. But they harken back to that ‘Gecko echo’
of ‘greed is good’ as their mantra and sine a quo non for their practiced
‘capitalism’; which, of course, differs in no way from the same creed of greed
practiced by the multitude of common criminals in pervasively corrupt america
particularly, and throughout the world generally. IT'S
GOING TO HURT 'FOR LONG TIME TO COME' [ Says tiny tim … thanks
for the heads up tiny tim ‘God bless us
everyone’! … As if we didn’t already
know it / feel it! ]The frauds on wall street
et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business
Insider Weisenthal Economic scenario far worse
than expected (and in this pre-election year the reality is still far worse
than reported), yet stocks still rallied off lows to keep suckers sucked in to
this fraudulent market Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12
charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Stocks rally on
jersey-based, former Lautenberg ADP still paltry, better than expected 157,000
private jobs number and one’s got to wonder ‘who got paid’, one way or another,
for the fudge. Then there’s the horrific ‘american tech’. Retail? The defacto
bankrupt government’s probably buying with money they don’t have, at best; and,
as with other data in these desperate pre-election-year times, plain false,
falsified, fudged, spun. Previous day, all bad news … from eurozone (protugal,
et als), to asia zone (china worse than expected), to america (where to begin,
from defacto bankruptcy, to debased currency, to insurmountable debt / dervice,
to pervasive corruption, etc.) … stocks rally on fraud and b***s*** alone. Previous, higher oil price rally, along with Netflix
‘technology rally’ … Don’t make me laugh! … Total desperation on wall street
and in Washington … How pathetic! … Jobless claims at 428,000 much worse than expected;
and, don’t forget, these are desperate ‘pre-election times’ when regardless of
factual reality (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt
chicago ISM is up as even their youth gangs are showing increased criminal
activity which probably accounts for the rise; ie., meth, crack labs, etc.?)
data / reports are fudged / faked / spun. Foreclosure, distressed sales
up, at least on paper with contracts signed, so no surprise nor reason to cheer
here, as markets worldwide jump on the american crazy train for a short-lived
bounce as all problems remain. This is the same month
end (and quarter, half) spurt / window dressing based on b***s*** alone to keep
the suckers suckered and an especially great time to sell / take profits since
there’s much worse to come! Talk about milking the greek crisis for the
umpteenth time a so-called solution (and there are loads of greecy scenarios
worldwide … I don’t think so and
neither does Schaeffer who says: ‘…even once such a package is passed it only buys time. Actually fixing
the fiscal condition of Greece is not something that can be solved in a matter
of weeks, or even months…‘ but it’s great press for the
churn and earn and to keep the suckers suckered. Technology
rally? Defacto bankrupt american technology is horrendous but great sizzle for
the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new
greecy b.s. factor. The
rally into the close and the previous so-called (4 day) ‘rally’ was based on
b***s*** alone to keep the suckers suckered and for ‘smarter money ‘ along with
the frauds to sell into. This is an especially great opportunity to sell / take
profits while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times.
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th– so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top
1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell
Bernanke
rejects debt-plan alternatives Fed chief urges Congress to come up with a
plan or risk a making “self-inflicted wound” to the economy. (Washington Post) [ And you really have to
admit, ‘no-recession-helicopter-ben-bs-bernanke’ knows a lot about
self-inflicted wounds. Sounds like a lot of self-serving posturing when you
take into account his ‘contribution’ to this egregious but not typical
Washington / american debacle. Bernanke:
Fed ‘prepared to respond’ The chairman raised the possibility of resuming
efforts to pump money into the economy. (Washington Post) [ The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed! Think about this: short-lived Pavlov dog rally (the
conditioned stimulus) on hopes for more welfare for wall street and some good
results in communist China. This despite the previous failure of QE for
everyone but the frauds on wall street; and ultimately, though circumlocuted,
at great taxpayer expense. Titans of capitalism? How ‘bout the biggest
unprosecuted frauds in the world. Preposterous! Fed
worried about unemployment (AP) ‘Fed officials at their last meeting
expressed concerns that the weakening job market might hold back the economic
recovery’. Duh! Ya think! They’ve done such a wonderful job ameliorating such
concern: A
Perfect Financial Storm? at Forbes Bert Dohmen ‘Surprise,
surprise! The bulls were shocked by the employment report on July 8.
Suddenly, all the talk of the past two weeks about much stronger economic
growth was put on ice and the two words, “double dip,” which was the headline
of my Wellington Letter two
months ago, are back … Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ]
National / World
Secrets of the RAND CORP Exposed TheAlexJonesChannel
| Alex and crew visit the RAND Corp and cover the mushroom cloud and more.
RT: Alex Jones on Bohemian Grove RT
| America hosts its own top-secret pow-wow every summer in the woods of
California
Infowars News Brief From Southern California Alex
Jones | We cover the latest news and propaganda.
Violent Mexican Drug Cartel Video Game Has Politicos Up
in Arms Kurt Nimmo | Calls for video game based on
a violent reality to be outlawed by a failed state.
Executive Order #13575: Theft of rural and agricultural
lands for UN Agenda 21 Marti Oakley | Rural Council
represents greatest threat to independent and family farming and ranching.
Greenspan: Dumb Americans Deserve Unemployment Kurt
Nimmo | NAFTA and globalist trade agreements are responsible for
killing jobs, not the dismal test scores of Gen Xers.
NATO jets
violate Pakistani airspace Press TV | Several NATO fighter
jets have violated Pakistani airspace, making low flights into the country’s
troubled tribal northwestern regions.
Federal Court Rules TSA Violated Law By Introducing Body
Scanners Steve Watson | The D.C. Circuit Court of Appeals
ruled today that the TSA violated federal law by rolling out radiation firing
body scanners in airports without soliciting public comment.
Front Yard Gardener Faces New Charges Paul
Joseph Watson | Vendetta: Oak Park City pursuing criminal charges of
unlicensed dogs against Julie Bass.
US debt crisis: Obama warns of ‘tax rise for all’ if deal
cannot be done London Guardian | Barack Obama has warned
that the US is “running out of time” to raise the limit on US government
borrowing and that failure to do so will lead in effect to a tax increase for
all Americans.
Greenspan: Dumb Americans Deserve Unemployment Kurt
Nimmo | The former boss of the Federal Reserve, Alan Greenspan, said
the reason Gen-Xers are unemployed and suffering from a lower standard of
living is because they are lazy, stupid, and unproductive. ‘…Greenspan knows
all of this. It is particularly reprehensible that he would blame the victims,
especially considering the role he played in the globalist looting of America …’
Obama demands debt decision as global alarm spreads AFP
| “I want to do the largest deal possible,” a well-placed Democratic
official quoted Obama.
U.S. to recognize Libyan rebels as legitimate government Washington
Post | The United States is granting Libyan rebel leaders full
diplomatic recognition as the governing authority of Libya.
NATO chief calls for more planes to bomb Libyan targets Reuters
| NATO members should supply more warplanes to bomb Libyan military
targets, the alliance’s secretary-general said on Thursday.
Endgame Approaches In Libya With Gaddafi Set to Step Down
Paul Joseph Watson| Endgame is approaching in
Libya, with Gaddafi set to step down.
If The U.S. Government Loses Its AAA Rating It Could
Potentially Unleash Financial Hell Across The United States The
Economic Collapse | Right now, the U.S. government is closer than ever
to losing its AAA rating.
S & P: America Could Default Even if Debt Ceiling is
Raised Washington’s Blog | plugging the major holes
in our economy is more important than either cutting spending or raising taxes.
France's
Bruni confirms pregnant, won't reveal gender (or paternity) or
Senate
works on framework to raise debt limit As a breakthrough in bipartisan
White House talks begins to look unlikely, Senate leaders work to craft an
alternative strategy.
- S&P:
50 percent chance of downgrade to U.S. credit rating
- Obama
gives leaders '24 to 36 hours' to reach agreement
- U.S.
outreach to banks, investors on debt limit comes up empty
- GOP
dissent complicates path to resolving debt crisis
- Bernanke
rejects alternatives to raising debt limit
(Washington Post) [ Sounds like a plan!
Riiiiight! That framework thing … for the spending thing … with money they
don’t really have on things they don’t really need, ie., the perma wars (that
military inferiority complex thing), etc.. Republican
leaders clash over debt-limit plan Sen. McConnell warns that default could
“destroy” the GOP brand, but Rep. Cantor rejects his proposal to break the
stalemate over raising the debt limit.
(Washington Post) [McConnell
calls for raising debt limit in steps Senate Republican leader offers to
give President Obama new power to raise debt ceiling as a “backup plan” in case
talks collapse. (Washington Post) [ As if we didn’t ultimately see that coming;
you know, it might affect their paychecks if they didn’t … . Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it owes
$15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP)
in the form of unfunded liabilities. The funniest thing about this (and you
have to laugh) is to see Conservative pundits get on TV and talk about how we
need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to recommend
it. My own direct experience with the region(s) (particularly new jersey, new
york, virginia, connecticut, california) carves out no exception for the
prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Ahmed
Wali Karzai killer was U.S. ally EXCLUSIVE | Afghan officials explore signs
that the Taliban convinced police commander to switch sides. (Washington Post)
[ For emphasis, let me reiterate at the outset that, ‘Whenever the government /
cia is involved as here, you’re lucky to get even a fraction of what actually
went down and why’. ‘If
they can kill Ahmed Wali ...’ After the Afghan president’s powerful
half-brother death, leaders are re-examining their inner circles. (Washington
Post) [ Oh come on! Let’s not over-react here. After all, he was heavily
involved in the u.s. government / military protected illegal heroin trade; and,
with the mentally challenged cia, of all organizations, as his partners among
others in crime. Kind of like ‘Godfather 3’ (masterfully by Francis Ford
Coppola, starring Al Pacino) where all these psychotic italian mental cases are
‘whacking’ each other based on greed, paranoia, etc.. Whenever the government /
cia is involved as here, you’re lucky to get even a fraction of what actually
went down and why. Killing
of Ahmed Karzai a setback for U.S. mission in Afghanistan American
officials say Afghan president’s half-brother had evolved from strongman to
influential ally. (Washington Post) [ Yeah! This is a biggy ‘cause he’s done
such a great job helping with america’s surging heroin production,
distribution, trade in Afghanistan; you know, one of pervasively corrupt,
defacto bankrupt america’s raison d’etres for being in Afghanistan. Yet, this
is even a bigger plus for the Taliban who had all but eradicated the opium
trade and the attendant corruption in Afghanistan. Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard Kurt
Nimmo | ‘CIA has been in the drug running business since the
1950s. Kurt Nimmo
Infowars.com July 12, 2011
Ahmad Wali Karzai, the half brother of Afghan president Hamid
Karzai, was assassinated by one of his own bodyguards Tuesday morning. Friend
and trusted head of security Sardar Mohammed shot him in the head and chest.
Mohammed was in turn shot and killed by fellow bodyguards. The Taliban claimed
responsibility for the assassination.
In 2009 it was
reported that Karzai was a major player in the Afghan opium trade. According to
reports, other members of the Karzai family are involved
“head-to-heels” in the drug business.
Ahmad Wali
Karzai also worked for the CIA.
“The
CIA has been complicit in the global drug trade for years,” a former intelligence official told Newsmax in 2002. “The CIA
did almost the identical thing during the Vietnam War, which had catastrophic
consequences – the increase in the heroin trade in the USA beginning in the
1970s is directly attributable to the CIA.”
According to a report in Presscore, the former
Unocal employee Hamid Karzai and his family are heavily
involved in the CIA’s drug business.
“85 per cent of all drugs produced in Afghanistan is
being shipped aboard US aircraft. Foreign diplomats have stated that the United
States military buy drugs from local Afghan drug lords who deal with field
commanders overseeing eradication of drug production,” states the report. The
CIA provides protection for the enterprise.
The CIA has been in the drug running business since
the 1950s. In Burma,
Vietnam, Laos, Latin America, and Afghanistan, the CIA — also known as the
“Cocaine Import Agency” — has remained at the forefront of the international
illicit drug trade. The journalist Gary Webb and the San Jose Mercury News tied
the CIA and the Contras to a large crack cocaine ring in Los Angeles. Webb paid
with his life for revealing this information to the public.
Before the U.S. invaded Afghanistan, the Taliban had
imposed a ban on opium production. This resulted in opium production collapsing
by more than 90 per cent. It was the U.S. supported Northern Alliance that came
to the rescue and began protecting the production of raw opium.
“CIA-supported Mujahedeen rebels [who in 2001 were
part of the Northern Alliance] engaged heavily in drug trafficking while
fighting against the Soviet-supported government and its plans to reform the
very backward Afghan society,” William Blum
writes in The Real Drug Lords.
In a Fox News report aired in April of 2010,
correspondent Geraldo Rivera interviewed a solder in Afghanistan who
admitted the U.S. allows the opium trade to flourish.
The corporate media has provided propaganda for the
CIA’s drug business. “Curbing the Taliban’s multimillion dollar opium poppy
business was a major goal of a military operation to seize this former
insurgent stronghold,” the Associated Press reported in March of 2010. “If they
destroy the crops and curb the trade, they lose the support of the population —
a problem for which they have no easy solution.”
IN FACT, AS PREVIOUSLY NOTED, THE TALIBAN BANNED OPIUM PRODUCTION AND ALMOST ELIMINATED THE
CROP A DECADE AGO.’
Panetta
shifts the viewpoint on U.S.-led warsThe new Defense secretary makes it
clear he wants limits -- on military commanders, on allies' expectations and on
the U.S. defense budget -- to get off a permanent war footing. (LAT)[Sure could
have fooled us with his recent rhetoric, kind of like his ‘boss’,failed
president ‘wobama the b’ (for b***s***) Drudgereport: OBAMA:
LET'S STAY IN IRAQ...
FLASHBACK:
'I intend to remove all U.S. troops from Iraq by the end of 2011'... REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya...(FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA) Hasn’t Panetta’s nose grown larger. Do you think he’s
related to puppet-master Geppetto and his line of Pinnochio puppets; Mr.
Pinnochietta.[Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ (but greecy Italy Italians voice concern over Italian
debt crisis scenario (WP) [ Whew! Close call! Nothing to worry about now that
wobama’s got a boehner;so not to be so hard on them;if pelosi says it,it must
be true;Not!Pervasively corrupt,defacto bankrupt america,they,she look pretty
greecey. After all,if the same’s wobama’s ‘far-reaching plan on debt’, we know
‘wobama the b’ is total b***s*** which means like Greecey PIIGS they’ll be back
to the trough for more … slop … py! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Call
Obama’s bluff Republicans should force him to propose real tax reform.
(Washington Post) [ Well, the first part, ‘Call obama’s bluff’; eh, what the
heck, sounds good. But, propose ‘real tax reform’. I’d say, giving him the
benefit of the doubt, Mr. Krauthammer’s somewhat uncharacteristically in
fantasy land. After all, isn’t all of this part of the pre-election year game
of ‘blind men’s bluff’. Kind of like being between the proverbial ‘Iraq and a
hard place’. I mean, where were all these pricipled partisans when it could
have counted; ie., Is a U.S. Default Inevitable? Patrick J. Buchanan |
..bush prepared to invade Iraq in 2002..likely cost would be $60 billion, said
Mitch Daniels of the OMB..finance the war with Iraqi oil,said Wolfowitz..the
cost of the Iraq War? It has passed $1 trillion..’, etc.. Obama
on high ground But Cantor could still bring him down. (Washington Post) [
High ground? No such thing for ‘wobama the b’ (for b***s***)! He can run, but
can’t hide from his contraindicated (based on reality, broken campaign
promises, and consequences therefrom) record of unequivocal failure. Geithner
says hard times to continue for many [ But not for his frauds on
wall street for whom everyone’s expected to keep sacrificing; and, ultimately
their negative churn-and-earn in real economic terms has to come from some
place, ie., you, yours, main street, etc., and has manifested in the QE’s,
etc.. Well, there you have it. The product of his, wobama et als’ policies;
viz., unhappy days are here again’ or, hard times for most are here to stay,
or, you get the picture, your pain their gain.
] Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out. (Washington
Post) [ Yeah, dem’ darn PIIGS. Reminds
me of that joke (I won’t repeat it here except the punch line): ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the marketplace.”And
the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen america.
Indeed, the scenario typifies that national drain / sinkhole new york (new york
/ new jersey metro) where, for example, FBI informants were routinely exposed
by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings /
Volkman Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
15 Examples That Show Many Americans Have Become So
Desperate That They Will Do Just About Anything For Money | More Americans than ever are
desperate for money and many of them will do just about anything to get it. The
Economic Collapse July 14,
2011 ‘More Americans than ever are
desperate for money and many of them will do just about anything to get
it. The crumbling U.S. economy has pushed millions of ordinary Americans
to the brink of utter desperation. When it comes time to choose between
being able to survive or breaking the law, many people are choosing to break
the law. These days it seems like Americans will do just about anything
for money. All over the country, there are areas where just about
anything that is not bolted down is being stolen. A lot of people have
resorted to making money however they can – selling drugs, selling their
bodies, shoplifting, invading homes, taking bribes, running credit card scams
and even stealing from their own family members. You will have a hard
time believing some of the things that you are about to read below. When
people have their backs pushed up against the wall, often they find that they
are willing to do things that they never imagined that they would do.
Things are getting crazy out there on the streets of America, and as the
economy continues to decline things are going to get a lot crazier.
The following
are 15 examples that show many Americans have become so desperate that they
will do just about anything for money….
#1 In Utah, one unemployed 28 year old man is offering
to be “human prey” for hunters for the bargain price
of $10,000. For an additional $2,000, he will let people hunt him
down while he is running around naked.
#2 The Huffington Post is
reporting that there has been an epidemic of air conditioning thefts all
over the United States….
Across the
country, in states like Illinois, Texas, Arizona, Georgia and Florida, there
have been reports of thieves stealing unsecured air conditioning units weighing
as much as 125 pounds.
#3
In Corpus Christi, Texas thieves have actually been breaking into funeral
homes in order to steal
the embalming fluid.
#4 Even police officers are committing desperate acts
these days. Just check out what one police officer in Chicago is charged with doing….
A Chicago
Police officer stole $50,000 from his ailing elderly father to pay off his bills
and gambling debts and unsuccessfully attempted to swipe his dad’s retirement
savings by impersonating him
#5
Nothing is off limits to thieves these days. Criminals recently broke
into a southwest Atlanta beauty supply store and took
off with $30,000 in hair extensions.
#6
In another area of Atlanta,
thieves have been breaking down walls and busting bathroom fixtures with
sledgehammers in order to get their hands on copper, brass and steel….
Kids in two
Atlanta communities won’t have their neighborhood pools to help beat the summer
heat, at least for now. Thieves used what is believed to be sledge hammers to
bust walls and break fixtures in bathrooms at Adams and South Bend parks to
steal copper, brass and steel.
#7
One grandmother in Florida has been accused of trying to sell her newborn
grandson for $75,000.
#8
In Antioch, California a total of approximately 300 power poles were recently
knocked down by thieves and stripped of their copper wiring.
#9 In Minnesota recently, a mob of teen girls brutally
pummeled a mother and her two daughters until they were black
and blue. Apparently the mob of teen girls was enraged over a pair of
missing sunglasses.
#10 In Asheville, North Carolina thieves recently took
off with 4 metal tables and
16 metal chairs that were sitting outside a pizzeria.
#11 In Florida, thieves have actually been
stealing storm drain covers.
#12 In Oregon, thieves recently broke into a Salvation
Army community center and stole 3 large air conditioning units.
Now all the people that come to that facility for help and for community
programs this summer will be absolutely sweltering.
#13 In the Cleveland area, two young boys that had set
up a lemonade standwere robbed in broad
daylight. The crooks got away with approximately 12 dollars.
#14 In Oklahoma, thieves recently broke into a church
and stole “arts
and crafts supplies meant to help teach bible stories to children“.
#15 A 59 year old man from North Carolina named Richard
James Verone was so desperate for money that he actually robbed a bank and got caught on
purpose so that he could be put in prison and be given free health care.
One day Verone
walked into an RBC Bank in North Carolina, handed a clerk a note demanding
exactly one dollar and sat down and waited for the police to arrive and arrest
him.
Verone has a
growth on his chest and two ruptured disks but he does not have any health
insurance. He is hoping that in prison he will get the medical treatment
that he needs.
As society
continues to unravel, prison is going to look like an appealing option for more
and more people.
At least in
prison you get fed, you have a roof over your head and they will take care of
your medical needs.
For a whole
lot of Americans, that would be a major step up.
Have you
noticed that the thin veneer of civilization that we all take for granted is
starting to disappear?
America is
becoming a cold, cruel place and lawlessness is everywhere.
For many more
signs that our society is starting to crumble, please see these two articles….
*”18 Signs The Collapse
Of Society Is Accelerating”
*”12 More Signs That Society Is
Collapsing”
For ages,
Americans have looked down on the crime and the depravity that goes on in other
areas of the world.
Well, now
America has all of the crime and depravity it can handle and it is going to get
a lot worse as millions of formerly middle class Americansdescend into poverty.
A regular
commenter on my website who identifies himself as “El Pollo de Oro” recently
described the kind of chaos that he believes is coming to the streets of
America….
I live in
Philadelphia, a city that used to have a ton of blue-collar manufacturing jobs
as well as a great deal of white-collar employment, but the blue-collar
manufacturing jobs have disappeared–and on the white-collar side, a college
degree isn’t necessarily the ticket to prosperity it once was. Philly has its
share of nasty, dangerous ghetto areas as well as ritzy, upscale areas like
Rittenhouse Square. But then, there are parts of Mexico City that look like
Beverly Hills except that the signs are en español. A minority of Chilangos are
filthy rich, which is what you expect in a Third World country: an uber-rich
minority and a poor majority. And when The Banana Republic of America (formerly
the USA) signed on for globalism and ignored Ross Perot’s warning, it opted to
become a Third World country—which means that you can kiss the American middle
class goodbye.
But there will
be some growth industries in The Banana Republic of America: kidnapping, drug
smuggling, murder for hire, carjacking, armed robbery. And if you want a taste
of what life will be like in American cities in the future, just spend a few
weeks in Guatemala City, Johannesburg or Caracas—all of which have the type of
horrible crime rates that BRA cities can look forward to in the future.
Desperate people do desperate things, and hardcore desperation will be in the
norm in the BRA. It won’t be fun (unless, of course, being robbed at gunpoint
in broad daylight is one’s idea of a good time).
Welcome to life
in a rotting, decaying Third World hellhole. Welcome to the collapse of the
Roman Empire. Welcome to life in The Banana Republic of America, formerly the
USA.
America is changing. The safe, secure
environment that we all used to take for granted is dying. The number of
truly desperate people rises by the day, and many of those desperate people are
willing to do just about anything for money.
The United States used to have a thriving middle
class, but our economic system has been so manipulated over the decades that
now almost all of the economic rewards go to the very top of the food chain.
25 years ago, the wealthiest 12 percent of all
Americans controlled 33 percent of all the wealth. Today, the wealthiest
1 percent of all Americans control 40 percent of all the
wealth.
In the United States today, we are actually
witnessing the death of the middle class.
Our jobs have been shipped overseas,
the banks have enslaved us to debt, the government keeps finding more ways to
tax us and the Federal Reserve keeps debasing our currency.
Everywhere you go, despair is in the air.
According to a brand new Reuters/Ipsos poll, 63 percent of Americans believe that the
nation is on the wrong track.
Fortunately, many Americans are responding to these
signs of trouble by preparing.
One local Oklahoma newspaper
recently did an article that profiled a few of the growing number of Americans
that are preparing for hard times….
Rod and
Lauretta Smith estimate they could survive a year without going to the grocery
store.
A large garden
on their 5-acre property in south Tulsa produces hundreds of quarts of canned
and frozen beans, tomatoes and other vegetables. Chickens provide eggs.
The Smiths are
among a small but growing number of people stocking up on food to become more
self-reliant in a time marked by natural disasters and economic uncertainty.
The truth is that all of us should try to become less
dependent on the system. The Democrats, the Republicans, the Federal
Reserve and the big corporations are not there to help you. They are not
going to come riding to the rescue if you lose your job and your home.
We all need to do what we can to become more independent
and to prepare ourselves and our families for the incredibly difficult economic
times that are inevitably coming. Those that have faith that their jobs
will always be there or that the government will always take care of them will
be deeply disappointed.
The system is dying and society is coming apart.
The only rational thing to do is to prepare for what
is coming.’
Drudgereport:
TEMPLETON
chairman: Financial Crisis 'Around Corner'...
'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job...
GALLUP
SHOCK: 'REPUBLICAN' BEATS OBAMA BY 8%
DEM
FLASHES RACE CARD IN DEBT DEBATE...[ Oh come on! This jive-talking,
failed ‘president’ has been indulged in every way imaginable and possible (all
those false campaign promises that got him elected, etc.); and people are tired
of his excuses and making excuses for him. He may not have been the first
(clinton has been said even by blacks to have been the first ‘black president’),
but he most assuredly is the last black president, fitting every negative
stereotype imaginable including racist hypocrisy. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud )THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
'Only
THIS president has received the kind attacks and disagreements'...
BOEHNER:
HE HAS NO PLAN...
[ It’s true; ‘wobama the b’ (for b***s***) has no plan whatsoever. Ask Mr.
Teleprompter. ]
KRAUTHAMMER:
CALL THE BLUFF!
Feds
Issue Warning After 4 Mailboxes Lifted From Post Offices...
O'DRAMA...
'ENOUGH
IS ENOUGH'...
WALKS
OUT OF WHITE HOUSE MEETING...
'DON'T
CALL MY BLUFF'...
REID
CALLS CANTOR NAMES...
CAMP
DAVID SUMMIT?
BOEHNER:
NO NEED...
MCCONNELL:
GOP won't be 'tax collectors for Obama economy'...
Hometown
congressman tells Obama to 'quit lying'...
PELOSI:
'Almost too busy' to continue debt talks...
GEITHNER:
Out of time...
Cash-Strapped
NYC Fines Man $2,000 -- For Not Watering Beehive?
STUDY:
Black men survive longer in prison than out...
Man
falls into Maui blow hole, disappears...
PRESSURE: MOODY'S PUTS USA ON DOWNGRADE WATCH
Boehner
Rails on Obama: 'Like dealing with Jell-O'...
WH
Cracks Down on Press: No Yelling at Obama Today...
President
'chafes' at unscripted questions...
BERNANKE
BARKS BACK AT PAUL...
Fed May
Launch New Round of Stimulus...
DOLLAR
TUMBLES...
Putin
calls Feds 'hooligans'...
Gold
hits new high...
DEBT
TALKS BREAK DOWN...
McConnell:
Deal Not Possible With Obama … [ I think this shoe fits wobama ...
African-American unemployment at 16% ... (But there’s rationality in this stat
as people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then
there’s the attitude. I truly believe from direct experience that even when
their outright aggression, assaults on persons and the senses, and otherwise
obnoxious behavior is not apposite, the personality disorder ‘passive /
aggressive’ is applicable, however indirectly expressed.) ] ...
'Backup
plan'...
OBAMA
THREATENS TO HOLD UP SOCIAL SECURITY CHECKS
RUBIO:
Every Aspect of Life in America is Worse Since Obama Took Over...
GE
Immelt lectures biz owners: 'Stop complaining about government'...
FLASHBACK:
(GE )Company Paid NO TAXES Last Year...
OBAMA:
LET'S STAY IN IRAQ...
FLASHBACK:
'I intend to remove all U.S. troops from Iraq by the end of 2011'...
KARZAI'S
BROTHER ASSASSINATED IN KANDAHAR...
Gunned
down in home by bodyguard...
'Huge
boost for Taliban'...
Obama
'far apart' from Republicans on debt deal...
Boehner:
Debt Deal Not Imminent...
TORMENT
@ 9.2%
State
and local governments bleeding jobs...
Top
Obama adviser says unemployment won't be key in '12 … (riiiiight!…talk about
wishful thinking and self-delusion)...
BUCHANAN:
DC Establishment 'in Panic'...
S&P
WARNS GREECE OF DEFAULT -- EVEN WITH BAILOUT!
'Impossible
knot'...
SANTELLI:
'The answer is easy: Spend less!'
Italy's
borrowing costs soar...
Berlusconi appeals for national unity and 'sacrifices'...
New
Fears on Italy Jolt Europe...
Soros:
Europeans now need 'plan B'...
Mob
Of Teenage Girls Attacks Minneapolis Mom, 4-Year-Old Daughter...
Air
Conditioner Thieves Hit 7 Churches In Texas...
THEY'RE
HERE! [ Uh! That ‘nausea’ factor; though not nearly of the magnitude
of america’s unctuous duo, ‘wobama the b’ (for b***s***) and michelle his belle
(see infra). After all, the cloyingly cutesy couple from across the pond is
hardly in a position to do damage as are the wobamas. Yet, one must ask: just
what exactly are they? Mascots? Non-emmissary emissaries? Indeed, in this
economy it’s quite embarrassing for members of the so-called commonwealth,
struggling economically and otherwise, england/uk being no exception (royals
wealth’ is ultimately the product of common expense) to be celebrating
celebrity for the sake of nothing more than celebrity. Worse is the pathetic
display here in the defacto bankrupt disunited states (uk not much better and
in many ways worse) relative to their former colonial masters. Then there was
that ostentatious marriage display so well publicized even as the uk’s (eu,
u.s. et als) ‘rank and file’ are sacrificing and the respective nation states
crumbling. Even so-called celebrities here shun such meaningless displays of
themselves and at least serve a cinematic (art form) purpose. Truth be told, I
bear them no ill will; but, I bear them no good will either. After all, quite
simply, they are but a meaningless, extravagantly costly welfare couple that
are simply irrelevant. How pathetic and embarrassing for their fans, followers,
onlookers and their liege. And, though I’m biased (I think Grace Kelly to have
been the most exquisite of creatures to have graced this earth – Alfred
Hitchcock with an eye for such things thought so too and said as much), clearly
Prince Albert of Monaco and his bride’s wedding was tastefully and not
cloyingly about right. Now that’s real royalty via Grace Kelly; with a purpose;
the management / leadership of a prime travel / gambling / entertainment /
resort destination; viz., Monaco. ]
BOEHNER:
Taxes 'off table'...
Debt Talks Turn to Social Security Cuts...
CHARGE:
Bypassing Congress to raise debt would be 'impeachable'...
LONDON
BRIDGES FALLING DOWN:
Coulson 'to be arrested tomorrow'...
Gov't
decision on SKY takeover 'delayed'...
UPDATE:
China warns U.S. officials not to meet Dalai Lama...
CHICAGOLAND:
THIEVES STEAL ENTIRE A/C UNITS FROM HOUSES
UPDATE:
Teen Dead After Beach Brawl...
Wisc
beating victim: 'They just said "Oh, white girl bleeds a lot"'...
US
Lawmakers Accuse DOJ of Cover-up in Botched Gun-Running Op...
CA Prison Shrink Paid $838,706 Last Year...
CA
companies flee state...
No
recession for 454 White House aides: They'll make $37,121,463 this year...
United
States of 'gloom'...
Iran
Ridicules: America is Not Independent...
SHOCK:
Father with HIV raped 6-month-old son...
MEDIA
BLOWS IT, AGAIN...
NANCY
GRACE LEFT SPUTTERING: 'SOMEWHERE OUT THERE, THE DEVIL IS DANCING TONIGHT'...
Attorney:
Case Was 'Media Assassination'...
'Now
you have learned a lesson'...
CBS
host breaks down...
'TOT
MOM' CLEARED BY COURT...
JURY: NO MURDER!
Only
guilty of lying to cops...
Portugal's
Debt Downgraded to Junk...
CHINA:
USA 'ALREADY DEFAULTING'...
DOLLAR
TO 'LOSE RESERVE STATUS'
Economy
Expected to Have Major Slide in Months Ahead...
NEW
IMF CHIEF FROM CHICAGOLAND...
MARK
HALPERIN CALLS OBAMA 'A DICK' ON LIVE TV...
POLL:
Obama 42%, any
Republican 46%...
Campaign
signals fundraising fail...
UPDATE:
Minnesota Government Shuts Down...
Washington
state closes tourism office...
Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya...(FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...)
GETTING
NERVOUS
NEWT:
Obama 'most successful food stamp president in American history'...
Palin:
Hollywood stars as 'full of hate'... ["What would make someone be so full of
hate?" palin asks … answer: resistance to someone as dumb and full of
war-mongering hate as she is! ]
REPORT:
NATO forces ARE
trying to assassinate Qaddafi...
Los Alamos under siege from wildfire...
'Throwing absolutely everything at this that we got'...
BLAGO
LIKELY HEADED TO PRISON...
'What
happened?'
But
he gets to keep his hair...
Fitz
finally wins one!
GUILTY
IN CHICAGOLAND...
17
of 20 counts...
Tried
To Sell Obama's senate seat...
Jury
DEADLOCKED on Rahm shakedown...
Blago
to lawyer: 'What happened?'
'Stunned'...
JOBLESS
WEAK: 429,000...
...disappointed
Economic
trouble puzzles Fed chief...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
THE
NEW 'NORMAL'
GALLUP
PLUNGE...
Approval
-4, disapproval +5 -- in one day!
DOWN TO
THIRD: USA 'TO FALL BEHIND INDIA' IN TRADE...
DEM
FIX: MORE SPENDING!
Bernanke
speaks, stocks sink...
FORBES:
'Admits he's clueless'...
CBO:
Long-Term Debt Picture Worsens...
Would
reach 101% of GDP by 2021...
STUDY:
State, local gov'ts must raise taxes $1,400 a year for
30 years to fund pensions...
Millionaires
shrug off downturn; Wealthy richer than before crisis...
Zuckerman:
'We now have more idle men, women than at any time since Great Depression'...
SHOCK
POLL: ONLY 3 in 10 WILL VOTE FOR OBAMA...
66%
say US headed in 'wrong direction'...
Greece
Agrees on New Austerity Plan With EU, IMF...
ANGER
IN ATHENS...
'BLACK
HOLE'...
DEBT
TALKS BREAKDOWN; TAX BUST
S&P:
Risk of U.S. credit rating downgrade increased...
Chicago
county faces $108 billion
gap in pensions....
Greek
Streets 'Explosive'...
PM wins
confidence vote 'but outlook remains dire'...
Huntsman
announces presidential bid at Statue of Liberty...
Harry
Reid endorses...
Bachmann
surges to primary lead...
Iraq
hunting $17 billion missing after U.S. invasion...
NATO
NIGHTMARE: 9 CIVILIANS KILLED [NATO strike kills 15 Libyan civilians]
Census:
Whites lose majority among babies...
German
Giant Says US Workers Lack Skills...
PAPER:
AMERICA'S LOST DECADE?
States
look to Internet taxes to close budget gaps...
SPANIARDS
ON MARCH OVER BLEAK PROSPECTS...
House will move this week to limit funding for effort in Libya...
'DON'T
BE SURPRISED IF ATHENS GOES UP IN FLAMES'...
GREEK
PM PLEADS FOR UNITY!
...warns
against default
Threat
to downgrade Italian debt raises contagion fears...
Princess
Diana Conspiracy Movie Headed to Theaters... [ Uh, oh! Time to gear
up the already harsh ‘censors’ in england.
]
Bachmann:
Obama 'has failed' blacks, Hispanics... [ Come on! ‘Wobama the b’
(for b***s*** has failed everyone. ]
Presidential
no-show miffs Hispanics...
African-American
unemployment at 16%... [ But there’s rationality in this stat as
people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then there’s
the attitude. I truly believe from direct experience that even when their
outright aggression, assaults on persons and the senses, and otherwise
obnoxious behavior is not apposite, the personality disorder ‘passive /
aggressive’ is applicable, however indirectly expressed. ]
SHE'S
OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!)
...
Michelle Obama Admits: 'Fortunately, We Have Help From The Media'...
CHICAGOLAND:
Rahm's Top Cop Blames Gangs, Crime on 'Gov't-Sponsored Racism'...
Likens
federal gun laws to 'racism'...
Teen
Mob Of 50 Hits Chicago WALGREENS...
Teen
brutally beaten by mob of blacks; cops
mull 'lynching' charge...
Princess
Diana Conspiracy Movie Headed to Theaters... [ British
queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by
security scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ …
that is … Diana
film causes stir at Cannes
“Unlawful Killing” has a combination of celebrity, controversy and canny
hype-mongering. (Washington Post) [
Let’s not kid ourselves … and, Dodi Fayed’s father was no dope and knew the
score. Indeed, it’s not coincidental that William’s the over-riding favorite of
granny Liz II; after all, Harry’s the bastard son of Hewitt (don’t buy into
their DNA proffer which they did buy – you know, that ‘bloodline thing’).
Moreover, it was reported that Diana had another ‘potential challenger in the oven’
at the time of her death and we all know how dicey such english affairs of
state can be (ie., Henry VIII, Richard III, etc.). Then there’s the contempt of
Diana for having brought the son of her bosom, Chas, down. Do I think she said
flat out ‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als.
Ultimately, William will require some substantial therapy to sort out this
looming conflict. After all, Diana was his mother. Drudgereport: British
woman decapitated in grocery store; killer flees with head... Cannes:
Diana doc slams UK royals as 'gangsters'... ]
Drudgereport: Protesters
burn American flag during Obama visit to Puerto Rico -- a
U.S. territory... [ I find even his retirement costs
objectionable. Obama: My
family is ‘fine’ with one term Politico | President Barack
Obama says his family is “not invested” in a second term. The unctuous
pandering by the wobamas is nauseating. And, michele’s fundraisers? What’s up
with that? Wobama’s
such a glomming golem / slug. Obama
says if he were Weiner, he’d resign
President Obama on Monday waded into the debate over whether embattled
Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to
be with your Presidential camp, who is alleged to claim that someone claiming
to represent me called asking for $100,000, to keep me from coming forward
about our (Obama and I) November 1999 encounter of sex and cocaine use?), ...
Obama is just another Banksters' moll prostituting himself .., and that's why
he supported the grotesque bail-out of the banking system and why he will
always put their interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv
Top 3
Reasons Markets Were Down After Bernanke Recanted July 14, 2011 Wall St Cheat Sheet ‘Markets
closed down on Wall Street today: Dow -0.44% , S&P -0.68% , Nasdaq -1.22% ,
Oil -2.15% , Gold +0.03% .
On the
commodities front, Oil fell to $95.94, while precious metals gained
slightly, with Gold up to $1,586.00 an ounce and Silver up 0.84% to $38.47 an
ounce.
Today’s
markets were down because:
1) No QE3?
While Bernanke seemed to hint at the possibility of a third round of
quantitative easing when addressing Congress yesterday, now he’s backing off, saying that the issue is “more complex” than
before QE2, and that the Fed is “not prepared at this point to take further
action.”
2) Techs,
Transports, and Cyclicals . While the Dow and S&P hovered close yesterday’s
closing figures, the Nasdaq dropped off more than 1%, with transports down 1.3% and industrials like Alcoa , Dupont , and 3M some
of the day’s worst performers. The cyclical and leading-edge sectors also did
poorly today. S&P industrials were down 0.7%, as was the S&P’s tech
sector. The S&P Small-Cap 600 was down 1.2%.
3) Downgrade
watch. Wednesday evening, Moody’s put the U.S.
on the watchlist for a possible credit rating downgrade, citing the “rising
possibility” that Congress won’t reach a deal to raise the debt ceiling on
time, triggering a selective default on government obligations. After American
investors have watched European stocks and American stocks tank every time a
relatively small Euro-Zone country gets downgraded by a ratings service, the
possibility that government of the country with the world’s largest economy
could be downgraded definitely has people scared. Hopefully after Obama’s
meetings with congressional leaders today and tomorrow, we’ll be privy to some
brighter news and see the markets rally like they did last week.’
Ben
Bernanke: Answers I Would Really Like to Know...at Minyanville
China, Wall
Street pile pressure on US debt talks [ China? Fraudulent wall
street? Somehow this seems vaguely odd and doesn’t pass the smell test for
reasons difficult to put one’s finger on. ]
QE3
Off? Bernanke Says Fed Not Prepared To Take Action At This Point Zero
Hedge | When in doubt, baffle them with male cow manure.
U.S.
national debt: dancing on the brink of a world crisis Andrei
Fedyashin | Budget and debt problems are once again racking America.
New
Brown University Report Pegs The Real Cost Of Current Wars At $4 Trillion The
Daily Bail | The government has already paid $2.3 trillion to $2.7 trillion.
Ron Paul: “America’s AAA Rating Not Worth Saving” Because
“We Are Insolvent” Tyler Durden | The reason the
downgrade will come regardless is that “ultimately that is going to happen
anyway because we are insolvent.”
AAA
at Risk? ‘Moody’s got no clue, US downgrade long overdue’ RT |
Moody’s says it’s reviewing America’s top triple-A debt rating.
US
Rating Close to ‘Junk’: Independent Strategist CNBC.com |
Moody’s Rating Agency on Wednesday placed the U.S. triple-A rating on review
for a downgrade.
Fed
Chairman Bernanke Says “Gold Is Not Money” … But His Predecessor Alan Greenspan
Disagrees Washington’s Blog | Fed Chairman Bernanke told
congress today: ‘Gold isn’t money’. But Bernanke’s predecessor – former Fed
chair Alan Greenspan – disagrees.
Quantitative
Easing Rounds 1 and 2 Hurt the Economy … Bernanke Proposes Round 3 Washington’s
Blog | Federal Reserve chairman Ben Bernanke is hinting at a third
round of quantitative easing.
National / World
Operation Castaway: ATF Trafficked Guns to Honduran
Criminal Gangs Kurt Nimmo | ATF operation
underscores effort to limit Second Amendment and arm Mexican drug cartels
favored by bankers.
Barack
Obama, Cop Killer TheAlexJonesChannel | Obama
caught shipping guns to drug dealers who have killed at least 3 police
officers.
Obama
on high ground But Cantor could still bring him down. (Washington Post) [
High ground? No such thing for ‘wobama the b’ (for b***s***)! He can run, but
can’t hide from his contraindicated (based on reality, broken campaign
promises, and consequences therefrom) record of unequivocal failure. Geithner
says hard times to continue for many [ But not for his frauds on
wall street for whom everyone’s expected to keep sacrificing; and, ultimately
their negative churn-and-earn in real economic terms has to come from some
place, ie., you, yours, main street, etc., and has manifested in the QE’s,
etc.. Well, there you have it. The product of his, wobama et als’ policies;
viz., unhappy days are here again’ or, hard times for most are here to stay,
or, you get the picture, your pain their gain.
] Moody's puts
U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out. (Washington
Post) [ Yeah, dem’ darn PIIGS. Reminds
me of that joke (I won’t repeat it here) except the punch line: ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Ron Paul Blasts GOP Establishment In Dramatic First
Campaign Video Steve Watson | Paul hits ground
running in Iowa and New Hampshire with presidential campaign ad that directly
targets the GOP leadership.
Rumsfeld Gets His Junk Touched Kurt
Nimmo | Does the TSA think Rummy’s carrying one of those newfangled
surgically implanted tummy bombs?
Helicopter Ben’s Doublespeak: Fed Created to Prevent
Panics Kurt Nimmo | The Federal Reserve’s primary
focus at this point is to destroy the U.S. economy.
Obama Walkout Linked To Debt Panic Ploy? Paul
Joseph Watson | Obama: “This may bring my presidency down but I will
not yield on this”.
The Petulant Teleprompter: Obama “Abruptly” Walks Out Of
Debt Negotiations Tyler Durden | Odd how the debt
inccured for payment of pensions is being nicely trampled to make way for debt
incurred for payment of Federal worker bonuses…
Will the U.S. Default On Its Debt … Even If It Raises the
Debt Ceiling? Washington’s Blog | Many in
Washington are warning that – unless a compromise to raise the debt ceiling is
reached – the U.S will default on its debt.
Living in
and Through The Poison Century Janet C. Phelan | An ex-DEA
agent recently disclosed that the CIA did an aerial spray in California back in
the 50s.
Fluoride
consumption leads to brain damage, says study Ethan A. Huff
| It is becoming increasingly difficult for fluoride fanatics to defend the
practice of artificial water fluoridation.
Cellphones, Cancer
and Infertility Foxnews.com | Consumers need to understand
all potential health problems that could occur from long-term cell phone
radiation exposure.
42%
of Britons will get cancer, statistics show London Guardian |
It was one of the starkest statistics about the nation’s health – that one in
three of us would get cancer. Sadly, the figures have just got worse.
CNN exposes ‘terror expert’ as a fraud Raw
Story | CNN reported Wednesday that a so-called terrorism expert that
is paid with tax dollars and has even appeared on their own network may be a
fraud.
Obama Seeking Emergency Camp David Meeting, Boehner Just
Says No Tyler Durden | Reuters reports that Boehner
has politely refused this latest farcical denouement.
Ron Paul: “America’s AAA Rating Not Worth Saving” Because
“We Are Insolvent” Tyler Durden | The reason the
downgrade will come regardless is that “ultimately that is going to happen
anyway because we are insolvent.”
Obama Walkout Linked To Debt Panic Ploy? Paul
Joseph Watson | Obama: “This may bring my presidency down but I will
not yield on this”.
How Globalism Has Destroyed Our Jobs, Businesses And
National Wealth In 10 Easy Steps The American Dream |
As most Americans stand around waiting for the U.S. economy to return to
“normal”, there is a never ending parade of jobs, businesses and wealth heading
out of the United States.
Will the U.S. Default On Its Debt … Even If It Raises the
Debt Ceiling? Washington’s Blog | Many in
Washington are warning that – unless a compromise to raise the debt ceiling is
reached – the U.S will default on its debt.
Libya:
Col Gaddafi has ‘suicide plan’ to blow up Tripoli London Telegraph
| Col Muammar Gaddafi has a “suicidal plan” to blow up the capital Tripoli
if it is taken by rebels, the Kremlin’s special envoy to Libya said.
Arab
world’s ratings of Obama, US plummet: poll AFP | Two years
after US President Barack Obama called in a groundbreaking speech from Cairo
for a “new beginning” in relations with the Muslim world, his popularity among
Arabs has nosedived.
Libyan
rebels looted and beat civilians, rights group says CNN |
Libyan rebels have looted and burned homes and abused civilians, a human rights
group said Wednesday.
’1,108 Libyans
killed in NATO attacks’ Press TV | Libya’s prosecutor
general has said that NATO airstrikes have killed more than 1,100 civilians and
injured thousands of others since the end of March.
U.S. Used
Strategic Bombers Against Libya cryptogon.com | A quick
symphony of planning allowed USAF’s heavy bombers to strike 150 targets in
Libya.
Pentagon
loses 24,000 classified files in massive hacking breach
Republican
leaders clash over debt-limit plan Sen. McConnell warns that default could
“destroy” the GOP brand, but Rep. Cantor rejects his proposal to break the
stalemate over raising the debt limit.
(Washington Post) [McConnell
calls for raising debt limit in steps Senate Republican leader offers to
give President Obama new power to raise debt ceiling as a “backup plan” in case
talks collapse. (Washington Post) [ As if we didn’t ultimately see that coming;
you know, it might affect their paychecks if they didn’t … . Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
‘If
they can kill Ahmed Wali ...’ After the Afghan president’s powerful
half-brother death, leaders are re-examining their inner circles. (Washington
Post) [ Oh come on! Let’s not over-react here. After all, he was heavily
involved in the u.s. government / military protected illegal heroin trade; and,
with the mentally challenged cia, of all organizations, as his partners among
others in crime. Kind of like ‘Godfather 3’ (masterfully by Francis Ford
Coppola, starring Al Pacino) where all these psychotic italian mental cases are
‘whacking’ each other based on greed, paranoia, etc.. Whenever the government /
cia is involved as here, you’re lucky to get even a fraction of what actually
went down and why. Killing
of Ahmed Karzai a setback for U.S. mission in Afghanistan American
officials say Afghan president’s half-brother had evolved from strongman to
influential ally. (Washington Post) [ Yeah! This is a biggy ‘cause he’s done
such a great job helping with america’s surging heroin production,
distribution, trade in Afghanistan; you know, one of pervasively corrupt,
defacto bankrupt america’s raison d’etres for being in Afghanistan. Yet, this
is even a bigger plus for the Taliban who had all but eradicated the opium
trade and the attendant corruption in Afghanistan. Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard Kurt
Nimmo | ‘CIA has been in the drug running business since the
1950s. Kurt Nimmo
Infowars.com July 12, 2011
Ahmad Wali Karzai, the half brother of Afghan president Hamid
Karzai, was assassinated by one of his own bodyguards Tuesday morning. Friend
and trusted head of security Sardar Mohammed shot him in the head and chest.
Mohammed was in turn shot and killed by fellow bodyguards. The Taliban claimed
responsibility for the assassination.
In 2009 it was
reported that Karzai was a major player in the Afghan opium trade. According to
reports, other members of the Karzai family are involved
“head-to-heels” in the drug business.
Ahmad Wali
Karzai also worked for the CIA.
“The CIA
has been complicit in the global drug trade for years,” a former intelligence official told Newsmax in 2002. “The CIA
did almost the identical thing during the Vietnam War, which had catastrophic
consequences – the increase in the heroin trade in the USA beginning in the
1970s is directly attributable to the CIA.”
According to a report in Presscore, the former
Unocal employee Hamid Karzai and his family are heavily
involved in the CIA’s drug business.
“85 per cent of all drugs produced in Afghanistan is
being shipped aboard US aircraft. Foreign diplomats have stated that the United
States military buy drugs from local Afghan drug lords who deal with field
commanders overseeing eradication of drug production,” states the report. The
CIA provides protection for the enterprise.
The CIA has been in the drug running business since
the 1950s. In Burma,
Vietnam, Laos, Latin America, and Afghanistan, the CIA — also known as the
“Cocaine Import Agency” — has remained at the forefront of the international
illicit drug trade. The journalist Gary Webb and the San Jose Mercury News tied
the CIA and the Contras to a large crack cocaine ring in Los Angeles. Webb paid
with his life for revealing this information to the public.
Before the U.S. invaded Afghanistan, the Taliban had
imposed a ban on opium production. This resulted in opium production collapsing
by more than 90 per cent. It was the U.S. supported Northern Alliance that came
to the rescue and began protecting the production of raw opium.
“CIA-supported Mujahedeen rebels [who in 2001 were
part of the Northern Alliance] engaged heavily in drug trafficking while
fighting against the Soviet-supported government and its plans to reform the very
backward Afghan society,” William Blum writes in The Real Drug
Lords.
In a Fox News report aired in April of 2010,
correspondent Geraldo Rivera interviewed a solder in Afghanistan who
admitted the U.S. allows the opium trade to flourish.
The corporate media has provided propaganda for the
CIA’s drug business. “Curbing the Taliban’s multimillion dollar opium poppy
business was a major goal of a military operation to seize this former
insurgent stronghold,” the Associated Press reported in March of 2010. “If they destroy
the crops and curb the trade, they lose the support of the population — a
problem for which they have no easy solution.”
IN FACT, AS PREVIOUSLY NOTED, THE TALIBAN BANNED OPIUM PRODUCTION AND ALMOST ELIMINATED THE
CROP A DECADE AGO.’
Panetta
shifts the viewpoint on U.S.-led warsThe new Defense secretary makes it
clear he wants limits -- on military commanders, on allies' expectations and on
the U.S. defense budget -- to get off a permanent war footing. (LAT)[Sure could
have fooled us with his recent rhetoric, kind of like his ‘boss’,failed
president ‘wobama the b’ (for b***s***) Drudgereport: OBAMA:
LET'S STAY IN IRAQ...
FLASHBACK:
'I intend to remove all U.S. troops from Iraq by the end of 2011'... REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya...(FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA) Hasn’t Panetta’s nose grown larger. Do you think he’s
related to puppet-master Geppetto and his line of Pinnochio puppets; Mr.
Pinnochietta.[Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ (but greecy Italy Italians voice concern over Italian
debt crisis scenario (WP) [ Whew! Close call! Nothing to worry about now that
wobama’s got a boehner;so not to be so hard on them;if pelosi says it,it must
be true;Not!Pervasively corrupt,defacto bankrupt america,they,she look pretty
greecey. After all,if the same’s wobama’s ‘far-reaching plan on debt’, we know
‘wobama the b’ is total b***s*** which means like Greecey PIIGS they’ll be back
to the trough for more … slop … py! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Boy
sells kidney to buy iPad, now regrets decision as his health wanes
Natural News | Some people will do anything to obtain the latest
Apple technology, which apparently includes selling their vital organs.
U.S.
trade gap unexpectedly widens The trade deficit widened in May to the
highest level in almost three years on jump in oil imports.(Washington Post) [
Indeed! But unexpectedly? Hardly. Debasing a nation’s currency as has been done
here in pervasively corrupt, defacto bankrupt america for the sake of the
frauds on wall street tends to have that effect on oil, commodities, as well as
those ever more worthless paper stocks, except as measured by other than
defacto bankrupt america’s ever more worthless paper currency. In other words,
it takes more ever more worthless over-printed/created paper currency for each
hard asset (ie., precious metals, barrels of oil, and unfortunately owing to a
more amorphous and hence, ripe for fraud valuation process, those churned paper
stocks on fraudulent wall street. Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Paul B. Farrell: 7 reasons U.S. needs a Good Depression now By Paul
B. Farrell, MarketWatch SAN LUIS
OBISPO, Calif. (MarketWatch) — ‘No, do not raise the debt-ceiling. You heard
me: Block the debt ceiling vote. Don’t raise it. America’s out-of-control. A
debt addict. Time to detox. Deal with the collateral damage before it’s too
late.
We
need to fix America’s looming credit default, failing economy and our
screwed-up banking system. Now, with a Good Depression. If we just kick the can
down the road one more time, we’ll be trapped into repeating our 1930’s
tragedy, a second Great Depression.
Barton Biggs: U.S. needs massive public works program
The U.S. needs to invest in a massive public works
program, and rich people and corporations should pay more taxes. Barton Biggs,
of Traxis Partners, shares his views with the Simon Constable.
Yes,
depression. Spelled: d-e-p-r-e-s-s-i-o-n. Wake up America, recessions do not
work. Won’t work in the future. Remember that 30-month recession after the
dot-com crash? Didn’t work. Why? Because in the decade since that 2000 peak,
Wall Street’s lost an inflation–adjusted 20% of America’s retirement money.
And
what about the so-called Great Recession of the 2008 credit meltdown? Didn’t
work either. In fact, made matters worse: Wall Street got richer by stealing
from the other 98% of Americans, the middle class, the poor. And now their
conservative puppets in Washington want to make matters worse, widening the
wealth gap further to benefit the Super Rich.
Seems
nobody really gives a damn about our great nation any more. America’s now a
capitalists anarchy: “Every (rich) man for himself.” Proxy battles are fought
by high-priced lobbyists in a broken political system. America needs a 21-gun
wake-up call. Yes, that’s why America needs a Good Depression. The economy’s
bad now. But kicking the can down the road again will make matters much worse
later.
America’s leaders lost their moral compass, lack a
public conscience
This
is not our first call for a Good Depression. As early as 2005 we began
reporting on excessive debt. In November 2007 we warned of a crash dead ahead.
The subprime credit meltdown had been accelerating for many months, although
for a year our leaders kept misleading Americans: Fed Chairman Ben Bernanke’s
“it’s under control.” Treasury Secretary Henry Paulson’s delusional “best
economy I’ve ever seen in my lifetime.”
In
August 2008 came the original of our seven reasons why America needs a Good
Depression. Yes August, just two months before Wall Street banks collapsed into
de facto bankruptcy, after many warnings predicting a crisis. This was no Black
Swan. In September 2008 we reported on Naomi Klein, author of “Shock Doctrine:
The Rise of Disaster Capitalism,” warning of Wall Street’s insidious plan to
take over America:
“Nobody
should believe the overblown claims that the market crisis signals the death of
‘free market’ ideology.” Then as the meltdown went nuclear, Klein warned: “Free
market ideology has always been a servant to the interests of capital, and its
presence ebbs and flows depending on its usefulness to those interests. During
boom times, it’s profitable to preach laissez faire, because an absentee
government allows speculative bubbles to inflate.”
But
“when those bubbles burst, the ideology becomes a hindrance, and it goes
dormant while big government rides to the rescue. But rest assured,” she
predicted, Reaganomics “ideology will come roaring back when the bailouts are
done. The massive debts the public is accumulating to bail out the speculators
will then become part of a global budget crisis that will be the
rationalization for deep cuts to social programs, and for a renewed push to
privatize.”
Totally predictable: No Black Swans in 2000, 2008 … nor
in 2012
Yes,
all was predictable: The events of the past few years were well known in
advance. In fact, the events of the entire decade were predictable. The rich
got richer off the backs of the middle class and the poor. Why? “There’s class
warfare all right,” warns Warren Buffett. “But it’s my class, the rich class,
that’s making war, and we’re winning.”
And
they are also blind and deaf to the havoc their free-market Reaganomics
policies are creating, selfishly undermining America, the world’s greatest
economic power.
Lessons
learned? Zero. Why? Wall Street, Washington and Corporate America are focused
on one narrow-minded short-term strategy: Economic g-r-o-w-t-h, bull markets,
megabonuses, tax cuts. In good times they tout “free markets.” But when greed
bombs, they throw free-market “principles” under the Reagan Revolution bus and
unleash their mercenary lobbyists to go whining to Congress for huge taxpayer
bailouts and access at the Fed discount window, to siphon off more taxpayer
money. And they’ll do it again soon,
Wall
Street and their cronies are doing such a miserable job, America needs a new
strategy: First, stop “kicking the can down the road.” Let a good old-fashioned
Good Depression do the job that our hapless, happy-talking leaders refuse to
do. Take our medicine. Let a new depression clean house and reawaken Americans
to core values.
Trust
me folks, it’s either a Good Depression now … or a Great Depression 2. Here are
seven reasons favoring the do-it-now strategy:
1: Capitalism’s now a lethal soul sickness, needs a
reawakening
What’s
the real problem? Not the economy, not markets, nor even politics. Yes, our
economic pains are real. But they’re just symptoms. Something’s structural
wrong. Since 2000 endless bad news: Greed, deceit, stupidity, corruption,
unethical behavior, lack of moral conscience.
The
real problem’s deep in our character, the “mutant capitalism” Jack Bogle warned
of in “The Battle for the Soul of Capitalism.” Sadly, that battle was lost.
With it we lost our soul, our moral compass. America’s character is measured by
our net worth.
2. We’re already in the early stages of a Great
Depression
Comparing
today with the Great Depression is common sport. In a Newsweek special “Seeing
Shades of the 1930s,” Dan Gross wrote: “Wall Street, after two terms of a
business-friendly Republican president, self-immolated on a pyre of greed,
incompetence and excessive optimism.” Today’s “new normal” economy means high
unemployment for years, inflation driving prices, rising interest rates, more
debt, chaos.
We
are destroying ourselves from within. Former U.S. Comptroller General David
Walker warns that “there are striking similarities between America’s current
situation and that of another great power from the past: Rome.” Three reasons
“worth remembering: declining moral values and political civility at home, an
overconfident and overextended military in foreign lands, and fiscal
irresponsibility by the central government.” We are becoming more vulnerable to
external enemies.
3. Good Depression exposes our self-destruct
bubble-thinking
Before
the 2008 crash, “Irrational Exuberance” author Robert Shiller warned in the
Atlantic magazine that “bubbles are primarily social phenomena. Until we
understand and address the psychology that fuels them, they’re going to keep
forming.” Housing inflated 85% in the decade: “Historically unprecedented … no
rational basis for it.”
Bubble
thinking is an toxic virus that infected everyone. Shiller warns of another
coming: “We recently lived through two epidemics of excessive financial
optimism … we are close to a third episode.”
4. Good Depression will stir outrage, force real
reforms
Writing
in the Wall Street Journal, Jim Grant, editor of the Interest Rate Observer,
wrote: “Why No Outrage? Through history, outrageous financial behavior has been
met with outrage. But today Wall Street’s damaging recklessness has been met
with near-silence, from a too tolerant populace.” Grant worries that Wall
Street will run “itself and the rest of the American financial system right
over a cliff.”
But
we only went to the edge in 2008. Today, a rebellious “throw the bums out”
hostility is blowing a new kind of bubble: Three years ago we did not have Tea
Party, union fights, the Arab Spring and Greek austerity riots, all signs of an
dark angry future sweeping across America.
5. Good Depression forces Wall Street to think
outside the box
In
a powerful Bloomberg Markets feature, “No Easy Fix,” we’re told Wall Street’s
“profit formula has hit a wall.” Their “money-making machine is broken and
efforts to repair it after the biggest losses in history are likely to
undermine profits.”
Even
Mad Money’s Jim Cramer openly admits hedge fund managers are pocketing
megaprofits at capital gains rates while laughing at the stupidity of a broken
political system that gives hundreds of billions in tax breaks to the richest,
then takes taxes off the table as our middle class is dying under massive
unsustainable deficits. Soon angry mobs will “fix” Wall Street.
6. Good Depression will deflate America’s warring
soul
The
American economy is a “war economy” driven by a egomaniac. I saw it firsthand
as a U.S. Marine. Americans love being king of the hill, world’s cop, the
global superpower. Why else spend 54% of our tax dollars on a war machine, 47%
of the world’s total military budgets.
Why?
Our war machine generates such “spectacular profits that many people around the
world” are convinced America’s “rich and powerful must be deliberately causing
catastrophes so that they can exploit them,” warns Klein in “Shock Doctrine.”
No wonder the GOP takes military spending, like tax cuts for the rich,
off-the-table: The war industry is a major political donor.
7. Good Depression now … avoids a far bigger
depression later
In
“The Price of Liberty: Paying for America’s Wars,” Robert Hormats,
undersecretary of state and a former Goldman Sachs vice chairman, traces
America’s wartime financing from the Revolutionary War to present wars. He
warns that today we’re “relying on faith over experience, hoping that sustained
growth will erase deficits and that the ballooning costs of Social Security,
Medicare and Medicaid will be manageable in the coming decades without
difficult reforms.”
Absent
a brutal reset, we are on a historically predictable course says Kevin
Phillips, Nixon strategist and author of “Wealth & Democracy:” “Most great
nations, at the peak of their economic power, become arrogant and wage great
world wars at great cost, wasting vast resources, taking on huge debt, and
ultimately burning themselves out.” Yes, burned out, unprepared.
So
pray for a Good Depression earlier rather than later. Choose now and we can be
prepared for whatever comes. Or a Great Depression will hit later, when we’re
least prepared, the problems bigger, our faith weaker … don’t raise the debt
ceiling.’
Our
Debt Binge Is Ending — And The Middle Class Will Get Clobbered
Fed
Can Manipulate Markets, But Can't Reverse Economy at
Minyanville Toby Connor Jul
11, 2011 ‘I believe that we have begun the topping process of this cyclical
bull market [ in this secular bear market ]. In a healthy market an
intermediate decline is a profit-taking event after a significant leg up. It
should hold well above the prior intermediate bottom. The decline into the June
low was not a profit-taking event. The market had not rallied long enough or
far enough to warrant an intermediate correction and certainly not one that
would test the March lows. The decline in May and June was the first shot
across the bow that something was wrong with the fundamentals driving this
market.
Now let me be clear, I don't recommend anyone sell short the market. All I'm
saying is it's too late to have retirement funds positioned long at this time.
Asset appreciation is the Fed’s stated third mandate. Bernanke is going to
fight the bear tooth and nail. There will be continued interventions into the
markets. The rules will be changed as we go. Anything and everything will be
tried to keep stock and bond markets levitated. That is not the kind of
environment conducive to making consistent gains on the short side. That is the
kind of environment that can and will whipsaw traders to death.
Even in a market free of intervention the topping process is always volatile
and dangerous. But in a market that is being actively managed it is especially
dangerous on the short side. Case in point -- the June bottom was way too early
for a final intermediate bottom.
As I've said before, we should have seen a counter trend bounce to relieve
sentiment extremes followed by another leg down into a more lasting bottom.
Unfortunately that was not allowed to happen. The powers that be manufactured
an explosive rally on the low volume pre-holiday week in an attempt to create a
massive momentum move ahead of the end of QE2 that would be hard to turn
around. Needless to say Bernanke didn't want a repeat of last year when QE1
ended.
http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/1-spx%20new%20bearb.JPG
Click
to enlarge
The Fed can temporarily turn the markets higher but what they cannot do is
reverse the economy. I said when QE1 began that no amount of printing or
stimulus would stop the underlying cancer in the economy. All it would do is
create a brief reprieve which would be followed by an even deeper and more
severe recession once the sugar high wore off.
The simple fact is that we cannot cure a problem of too much borrowing and too
much spending with more borrowing and more spending. We tried this in the `30's
and it caused a 15 year depression. Japan tried it and it led to two lost
decades.
The cure is to bite the bullet and allow the deleveraging process to run its
course. Yes it will be painful. We've put this off for so long that it isn't
just going to be painful it's going to be catastrophic. But the longer we kick
the can down the road the worse the endgame becomes. The only ray of sunshine I
can offer is that if we let the markets work they will complete the
deleveraging process fairly quickly. Within 2 to 3 years the world can be back
on a sustainable path of growth. Continue to fight this and we could be stuck
in an on-again off-again recession for another 20 years with the final end game
collapse so devastating that it will make the Great Depression look like a
picnic.
The last two employment reports are clearly showing that the economy is
slipping back into recession. I suspect by August the employment report could,
and probably will, turn negative. All the manufactured rallies in the world
cannot prop up the stock market if the economy is rolling over into another
recession. They can postpone the inevitable only so long and ultimately will
just make the bear that much more severe.
The Fed's efforts have only extended the topping process, they haven't stopped
it.’
NEXT:
EU calls emergency meeting as crisis stalks Italy...
Housing
Woes to Cause Recession in 2012, Says Gary Shilling - Peter
Gorenstein ‘ Stocks rallied Wednesday after Federal
Reserve Chairman Ben Bernanke suggested the central bank would go ahead
with another round of stimulus -- aka quantitative easing -- if the economy
continues to slump. In this scenario, the Federal Reserve would once again
purchase assets to keep interest rates low in an attempt to support the economy
and prop up asset prices.
So far, the
Fed's actions have done more good for asset prices like stocks (see: S&P
500 chart since 2009) while doing less to help the economy (see:
June jobs report). U.S. gross domestic product grew just 1.9% in the first
quarter of the year. For 2011 as a whole, the Fed forecasts U.S. GDP growing at
2.7% to 2.9%, which is lower than the plus 3% forecast they made in April.
Today's guest,
Gary Shilling, President of A. Gary Shilling & Co. and author of the Age
of Deleveraging says another recession is brewing -- no matter what action
the Fed takes. "Economic growth here and abroad is slipping, making a 2012
recession a distinct possibility," he writes in his July newsletter. And,
"when you have slow growth it doesn't take much of a shock to throw you in
negative territory."
Shilling says
the shock to trigger the next recess is "another big leg-down in
housing." (An asset class the Fed has not been able to reflate.) As those
familiar with Shilling know, his forecasts are generally bearish.
However, in his defense, Shilling was one of the few economists who correctly
predicted the dangers of the subprime mortgage market and its impact on the
broader economy.
The problem
with the real estate market remains excess inventory. Based on Shilling's
research, there are 2 million to 2.5 million excess homes in the country -- a
supply that will take 4-5 years to work-off. The result: Housing prices will
fall another 20% and underwater mortgages will balloon from 23% to 40%, he
says.
With housing
slumping again, Shilling says recession is coming to a town near you in 2012.’
Morgan
Stanley studies thousands of layoffs: report
Top 3
Reasons Markets Were Up After Bernanke Addressed Congress Wall St Cheat
Sheet July 13,
2011 ‘closed up on Wall Street today: Dow +0.36% , S&P +0.31% ,
Nasdaq +0.54% , Oil +0.46% , Gold +1.27% . On the commodities front, Oil
continued to climb to $97.88. Precious metals also gained, with Gold up to
$1,582.10 an ounce and Silver up 7.24% to $38.22 an ounce.
Today’s
markets were up because:
1) China’s
GDP. Investors in the western world awoke to news that the world’s
second-largest economy grew at an annually adjusted rate of 9.5% between April
and June. China’s size and exploding consumption make it a huge player in the
global market. Just as an example, strong
demand in China for luxury vehicles has helped prop up sales for automakers
like BMW (ETR:BMW) and Volkswagen (Other OTC:VLKAY.PK), both of which
expect to make record sales in 2011. Today’s numbers also helped propel rare
earth stocks Molycorp , Avalon Rare Metals , Thompson Creek Metals ,
General Moly Inc. , PolyMet Mining corp. , and Freeport-McMoRan Copper &
Gold Inc. .
2) QE3.
Markets have been down for the last three sessions as the public keeps getting
hammered by reports of slowing economic growth. But today’s markets took a turn
when the Fed
released a report saying that they expect the pace of the economic recovery
to pick up in the second half of the year, and if it doesn’t, they haven’t
ruled out a third round of quantitative easing, should it become necessary. The
country breathed a collective sigh of relief, which was followed by the ka-CHING of a cash register.
3) Congress
gets its act together . As I write, President Obama is currently meeting with
Democratic and Republican leaders of Congress to discuss raising the debt ceiling. Late Tuesday, Senate
Republican Mitch McConnell suggested a plan that would allow Obama to raise the
debt ceiling on his own. Even more astonishing than the proposal was that it
had bi-partisan backing, with Democrat and Senate Majority Leader Harry Reid
agreeing that the deal could help solve the current impasse in
deficit-reduction discussions…’
Count
On UPS To Deliver To $80 at Forbes [ UPS is one of those rare,
well-managed exceptions in pervasively corrupt, defacto bankrupt america that
does indeed deliver! ]
Minyanville's
T3 Daily Recap: Market Erases Early Bernanke-Induced Gains at
Minyanville ‘US stocks looked set to post big gains on Wednesday
following more dovish comments from Fed Chairman Ben Bernanke, who was making
his regularly scheduled testimony in front of Congress.
The market turned on a dime around midday, however, erasing most of those
previous gains as Fed Chairman Fisher, a voting member of the FOMC, cast doubt
on the possibility of further intervention from the Fed. As is customary when
Bernanke speaks, commodities
got a boost. Gold made new all-time highs, and was a hot topic during the
chairman's Congressional appearance as he was grilled by staunch Fed critic Ron
Paul. Paul, who has been against the existence of the Fed and has
been in favor a gold standard for his entire political career, asked
Bernanke directly whether he thought gold was money, to which the Chairman
replied "no". When further pressed on why central banks hold gold
reserves, Bernanke said it amounted to tradition…’
What's
Next for Gold After New All-Time Highs? at Minyanville
Stock
ETF Rally Fizzles; Moody’s Says U.S. Bond Rating Under Review ETF [email protected] (Tom Lydon), July 13,
2011, 5:26 pm ‘Stock exchange
traded funds faded Wednesday after a morning rally but the real bombshell was
dropped on markets after the closing bell when Moody’s said it is reviewing its
Aaa rating on U.S. government bonds.
Moody’s said
it placed the rating on review for possible downgrade on concerns a deal on the
U.S. debt ceiling may not be reached in Washington.
“The review of
the U.S. government’s bond rating is prompted by the possibility that the debt
limit will not be raised in time to prevent a missed payment of interest or
principal on outstanding bonds and notes. As such, there is a small but rising
risk of a short-lived default,” the ratings agency said.
“Moody’s
considers the probability of a default on interest payments to be low but no
longer to be de minimis,” it added.
U.S. stock
ETFs closed well off their highs Wednesday as earlier gains fizzled after
Federal Reserve Chairman Ben Bernanke said the central bank stands ready to
change monetary policy in response to economic weakness.
Treasury ETFs
erased early losses and closed higher Wednesday. [Treasury ETFs Volatile on
‘QE3’ Talk]…’
Bernanke's
"Untested" Stimulus Strategies Are Destined to Fail at
Minyanville
EU
Officials All Talk, No Solutions, Open Europe’s Ruparel Says
Dutch exposure to Greece and the other PIIGS countries: it
is time to end the bailout madness. | Ernst's Blog
Bernanke
Says Fed Would Consider New Stimulus Effort New York Times
| While no additional actions appear imminent, Mr. Bernanke said in
congressional testimony Wednesday that the Fed would be prepared to act if
necessary.
Bernanke
Fights Ron Paul In Congress: ‘Gold Isn’t Money’ Forbes |
Chairman Bernanke faced-off with Fed-hating Ron Paul during his monetary policy
report.
Dollar
Falls as Fed Announces Possible QE3 Reuters | Dollar fell
against most major currencies and pushed the euro near $1.42, moving it further
from the prior session’s four-month low.
The next big hit to
the economy? The Lookout | Disappearance of jobless
benefits will take money out of circulation when economic growth is seeking to
gain some traction.
James
Turk: “Gold Is Our Defense Against the Fiat Currency Graveyard” Chris
Martenson | Money printing is the order of the day.
US
trade deficit widens to more than $50bn in May BBC | Oil
prices helped push imports to the second highest level on record, while exports
fell slightly from April’s record high.
Tonight
Tens Of Thousands Of Formerly Middle Class Americans Will Be Sleeping In Their
Cars The Economic Collapse | Economic despair is beginning
to spread rapidly in America.
Richard
Wolff: US is in serious trouble RT | What happens when
state and federal benefits run out later this year?
Rating
Agency Wars 2: The New Evil Empire Strikes Back – Dagong Says Likely To
Downgrade US Even If Debt Limit Raised Tyler Durden | The
US’ sovereign credit rating is likely to be downgraded regardless of whether
the US Congress reaches an agreement on raising its statutory debt limit.
EU
declares war on agencies as Ireland’s rating gets junk status London
Guardian | Ireland yesterday became the third eurozone country to have
its credit rating downgraded to junk status.
National / World
Senator: Obama Creating Panic To Push Through Debt Hike Paul
Joseph Watson | Fearmongering echoes how Congress was threatened with
“martial law in America” before the 2008 bailout vote.
Moody’s Puts USA On Credit Downgrade Watch CNBC
| Moody’s has placed the US government AAA bond rating on watch for a
downgrade.
IT'S GOING TO HURT 'FOR LONG TIME TO COME' [ Says tiny tim geithner … thanks for the heads up tiny tim ‘God bless us everyone’! … As if we didn’t already know / feel it! ]
McConnell
calls for raising debt limit in steps Senate Republican leader offers to
give President Obama new power to raise debt ceiling as a “backup plan” in case
talks collapse. (Washington Post) [ As if we didn’t ultimately see that coming;
you know, it might affect their paychecks if they didn’t … . Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to the
influx of immigrants to this young nation who turned out to be more a virus to
the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Rights Group Urges Congress To Scrap Privacy Busting
Internet Bill Steve Watson | A prominent online
rights group has urged US lawmakers to scrap a proposal that would see all
internet providers required by federal law to store information on their
customers.
Mom Arrested After Refusing TSA Molestation of Daughter Kurt
Nimmo| Abbott was arrested by Nashville airport authorities after she
refused to let the TSA fondle her daughter.
Bernanke: Fed May Launch New Round of Stimulus CNBC
| Bernanke told Congress Wednesday that a new stimulus program is in the works.
Police Intelligence Analyst Fired For Blowing Whistle On
False Flag Terror Paul Joseph Watson | Strategic
Threat Assessment Matrix concluded that 7/7 was an inside job.
Expert: Parents should lose custody of obese kids Raw
Story| Dr. David Ludwig is arguing that parents should lose custody of
obese children.
Gold Close to Breaking Record as Eurozone Debt Crisis
Grows Kurt Nimmo| The spot price of gold reached
within a few dollars of its all-time record today.
Wheelchair Couple Tells of Being ‘Search Raped’ by TSA WTSP
10| Steitler and his wife, Jennifer, were heading home to New Port
Richey that morning.
Sen. Mitch McConnell is Killing The Republic TheAlexJonesChannel
| In blatant contradiction to the Constitution and intent for the
separation of powers.
Gold Close to Breaking Record as Eurozone Debt Crisis
Grows Kurt Nimmo | Price rises as word arrives that
the Fed will force QE3 on an anemic economy.
Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out. (Washington
Post) [ Yeah, dem’ darn PIIGS. Reminds
me of that joke (I won’t repeat it here) except the punch line: ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and you
have to laugh) is to see Conservative pundits get on TV and talk about how we
need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen america.
Indeed, the scenario typifies that national drain / sinkhole new york (new york
/ new jersey metro) where, for example, FBI informants were routinely exposed
by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings /
Volkman Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Police Intelligence Analyst Fired For Blowing Whistle On
False Flag Terror Paul Joseph Watson | Strategic
Threat Assessment Matrix concluded that 7/7 was an inside job.
Vladimir Putin Calls Bernanke A Hooligan, Angry At
American Money Printing Tyler Durden | Who would
have thought that Ron Paul’s ideological ally in his quest to take down the
Chairsatan would be none other than Vladimir Putin.
Where are the 400,000 new jobs promised by Pelosi? Natural
News | So when exactly were those 400,000 jobs supposed to be created?
Belfast
riots: More video of ‘Molotov cocktail’ battles in N. Ireland Russia
Today| Northern Ireland’s annual day of Protestant marches reached a
fiery climax.
Three Blasts Reported
In Mumbai Business Insider| Four people have been reported
killed and 60 people have been injured in three blasts that took place in
Mumbai, late Wednesday.
‘Stupid
Libya war doomed to fail as EU falling apart itself’ RT |
The French Parliament is due to vote on extending the military campaign in
Libya.
US airstrike
kills 4 Afghan civilians A US airstrike has killed at least four civilians
in Kunar province in northeast Afghanistan.
Killing
of Ahmed Karzai a setback for U.S. mission in Afghanistan American
officials say Afghan president’s half-brother had evolved from strongman to
influential ally. (Washington Post) [ Yeah! This is a biggy ‘cause he’s done
such a great job helping with america’s surging heroin production,
distribution, trade in Afghanistan; you know, one of pervasively corrupt,
defacto bankrupt america’s raison d’etres for being in Afghanistan. Yet, this
is even a bigger plus for the Taliban who had all but eradicated the opium
trade and the attendant corruption in Afghanistan. Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard Kurt
Nimmo | ‘CIA has been in the drug running business since the
1950s. Kurt Nimmo
Infowars.com July 12, 2011
Ahmad Wali Karzai, the half brother of Afghan president Hamid
Karzai, was assassinated by one of his own bodyguards Tuesday morning. Friend
and trusted head of security Sardar Mohammed shot him in the head and chest.
Mohammed was in turn shot and killed by fellow bodyguards. The Taliban claimed
responsibility for the assassination.
In 2009 it was
reported that Karzai was a major player in the Afghan opium trade. According to
reports, other members of the Karzai family are involved
“head-to-heels” in the drug business.
Ahmad Wali
Karzai also worked for the CIA.
“The
CIA has been complicit in the global drug trade for years,” a former intelligence official told Newsmax in 2002. “The CIA
did almost the identical thing during the Vietnam War, which had catastrophic
consequences – the increase in the heroin trade in the USA beginning in the
1970s is directly attributable to the CIA.”
According to a report in Presscore, the
former Unocal employee Hamid Karzai and his family are heavily
involved in the CIA’s drug business.
“85 per cent of all drugs produced in Afghanistan is
being shipped aboard US aircraft. Foreign diplomats have stated that the United
States military buy drugs from local Afghan drug lords who deal with field
commanders overseeing eradication of drug production,” states the report. The
CIA provides protection for the enterprise.
The CIA has been in the drug running business since
the 1950s. In Burma,
Vietnam, Laos, Latin America, and Afghanistan, the CIA — also known as the
“Cocaine Import Agency” — has remained at the forefront of the international
illicit drug trade. The journalist Gary Webb and the San Jose Mercury News tied
the CIA and the Contras to a large crack cocaine ring in Los Angeles. Webb paid
with his life for revealing this information to the public.
Before the U.S. invaded Afghanistan, the Taliban had
imposed a ban on opium production. This resulted in opium production collapsing
by more than 90 per cent. It was the U.S. supported Northern Alliance that came
to the rescue and began protecting the production of raw opium.
“CIA-supported Mujahedeen rebels [who in 2001 were
part of the Northern Alliance] engaged heavily in drug trafficking while
fighting against the Soviet-supported government and its plans to reform the
very backward Afghan society,” William Blum
writes in The Real Drug Lords.
In a Fox News report aired in April of 2010,
correspondent Geraldo Rivera interviewed a solder in Afghanistan who
admitted the U.S. allows the opium trade to flourish.
The corporate media has provided propaganda for the
CIA’s drug business. “Curbing the Taliban’s multimillion dollar opium poppy
business was a major goal of a military operation to seize this former
insurgent stronghold,” the Associated Press reported in March of 2010. “If they
destroy the crops and curb the trade, they lose the support of the population —
a problem for which they have no easy solution.”
IN FACT, AS PREVIOUSLY NOTED, THE TALIBAN BANNED OPIUM PRODUCTION AND ALMOST ELIMINATED THE
CROP A DECADE AGO.’
A
Perfect Financial Storm? at Forbes Bert Dohmen ‘Surprise,
surprise! The bulls were shocked by the employment report on July 8.
Suddenly, all the talk of the past two weeks about much stronger economic
growth was put on ice and the two words, “double dip,” which was the headline
of my Wellington Letter two
months ago, are back.
One headline
on June 8 was “U.S. jobs growth ground to a near halt in June.” Nonfarm
payrolls rose only 18,000 in June, the weakest since September. Yesterday, the
ADP report suggested about 150,000 new jobs, but the ADP numbers are very
unreliable. The unemployment rate climbed to a six-month high of 9.2 percent
from 9.1 percent in May. The number of job seekers in the labor force declined
by 270,000 to one of the lowest levels in over three decades. If it
hadn’t been for that, the unemployment rate would have been higher.
All of this
was entirely predictable since February when we warned of a sharp slowdown in
the economy, while Wall Street was talking about a good recovery. The reality
of a sharply decelerating economy can no longer be denied. There were
numerous clues several months ago. One was the fact that Federal corporate income
tax receipts plunged 31% in the first quarter of 2011 from a year earlier.
There is an excellent correlation between tax receipts and economic growth.
Other clues
are the plunge in money velocity, no consumer credit growth, barely noticeable
business credit growth, and the erroneous “real” GDP numbers that overstate
actual growth because of faulty inflation measures.
You see,
“real,” inflation-adjusted GDP growth is already down 50% from the
optimistic Wall Street forecasts of early this year. But it’s actually much
worse. GDP numbers are inflated because of strong price increases that are not
reflected in the government’s inflation statistics. That’s not “growth.” If
actual inflation were deducted from nominal GDP, it would show that the economy
is already in recession.
The Institute
for Supply Management’s (ISM) factory index fell to 53.5 in May, the lowest
since September 2009. Do you remember the disastrous economy in 2009?
“Private employment” now is 2% below the level of ten years ago. Such a
long term job loss over 10 years is unprecedented, going back to 1890.
Our president
tells us that “he” has created 2 million jobs. The fact is that only 1.8
million of the 8.7 million jobs lost in the recession of 2007-2009 have been
regained. That’s a mere 20%. If that were a stock or the market, we would call
it a “dead cat bounce.”
The Empire
State survey of manufacturing conditions on June 15 reported a big drop to
minus 7.8 from a plus 11.9 the prior month. Here we are, tumbling downward, but
economists tell us of “how great it’s going to be later this year.”
This is not an
economic recovery, but a weak bounce. The problem for the economy is
Washington. The great uncertainty produced by a never-ending avalanche of new
regulations, programs and proposals puts small business people in a position of
inaction. The only solution to the economic malaise is jobs, jobs, jobs. But
the greatest employers, small businesses, have no reason to hire.
The problem in
Washington is that there are too many so-called “lawmakers;” they “work” full
time, are in session every year, and are easy targets for all the goodies the
lobbyists pass out. They have been making laws for more than 200 years, and
they still aren’t done.
A New
Credit Crisis?
I see many signs of another approaching crisis. For example, the yield on
6-month T-Bills is now at zero, lower than at any time since the crisis low of
2008. Is this a warning signal? Why would hundreds of billions of dollars be
parked in T-bills with zero yield unless it’s for safety?
There is now a
convergence of huge credit problems:
1. Europe and
the sovereign debt of the PIIGS countries
2. China and
the imploding real estate bubble
3. The U.S.
with the debate of the debt ceiling and significant expenditure cuts
We could call
it a perfect financial storm.
Wishing you
capital preservation.’
Crude
Imports Spark New Growth in Trade Deficit Wall St. Cheat Sheet
Fed Is
Still The Market's Friend, Thanks To A Weak Recovery Advisor
Intelligence/Forbes Kevin Mahn ‘Federal Reserve
Chairman Ben Bernanke announced late last month, during the second of the Fed’s
post-meeting press conferences, that Federal Reserve board members and Federal
Reserve Bank presidents have revised their economic growth forecasts for the
balance of 2011 and for 2012 and 2013 as well.
To be
specific, the Federal Reserve cut their forecasts for gross domestic product
(GDP), an often-used measure of growth in the U.S. economy, to a range of
2.7%-2.9% from a range of 3.1%-3.3% (which interestingly was also revised down
from a range of 3.4%-3.9% as recently as April 2011).
In addition
minutes of the Fed’s last meeting, released Tuesday, confirm that some Fed officials
stand ready to provide additional monetary stimulus if the recovery continues
to sputter.
Further, GDP
growth forecasts were lowered to a range of 3.3%-3.7% from a range of 3.5%-4.2%
in 2012 and to a range of 3.5%-4.2% from a range of 3.5%-4.3% in 2013.
The Federal
Reserve also adjusted their forecasts for unemployment and inflation, with both
forecasts adjusted upward for the balance of 2011 as well as for the calendar
years of 2012 and 2013.
http://blogs-images.forbes.com/investor/files/2011/06/washington-post_fed_june-2011-300x231.jpg
Source: Federal Reserve. The Washington
Post, “Federal Reserve, acknowledging slowdown, reins in forecast for economic
growth” as published on June
22, 2011.
I was not
surprised by the revisions to the Federal Reserve forecasts as they reiterate
the numerous headwinds that currently face the stalling U.S. economic recovery.
Such headwinds can be found in the jobs, housing and commodities markets.
While Chairman
Bernanke indicated that “temporary factors are in part the reason for the
slowdown,” we can only hope that the effects of the cited headwinds are
temporary as these headwinds place further stress on already strained U.S.
consumers whose spending patterns are a critical component of a robust and
sustainable U.S. economic recovery.
Remember that
consumer spending currently accounts for approximately 70% of our nation’s GDP.
Hence, consumer spending and economic growth are highly correlated and when
Americans are uncertain about their household finances and start to rein in
their own spending, the U.S. economy, in turn, generally does not grow as much
as the following chart helps to illustrate.
Source: Bureau of Economic Analysis. The Atlantic,” Chart of the Day: How Slower Consumer Spending
Stifles GDP” as published on April 28, 2011…’
Minyanville's
T3 Daily Recap: Market Averts Disaster, but Sags Late to Close Red ‘‘US markets closed in the red on Tuesday after turning
lower in the afternoon, but given the magnitude of pre-market losses, today
really amounts to a great escape for the bulls. S&P
futures were down 15 handles overnight, and Italian markets were down nearly 5%
before rallying green and preventing a sharply lower open stateside. For now it
appears there are willing buyers on dips, but given the barrage of negative
headlines from Europe and a still bleak jobs picture, it's difficult to be
overly bullish. Retail stocks held in well, led by
Lululemon Athletica Inc. (LULU) which
saw its 2-for-1 stock split go into effect today. Under Armour
(UA), and Abercrombie
& Fitch (ANF)
are two retailers with very bullish cup and
handle patterns, and if the market stays strong expect them to breakout to new
highs like LULU. Apple (AAPL)
put in a large doji candle, signaling there could be some indecision at these
levels. Overall the market could use some rest after a volatile period, and now
is not the time to make big bets in either direction.’
Will the Second
Half of 2011 Be as Rocky as the First? ETFguide Simon
Maierhofer, July 12, 2011, Time flies. The 2011 calendar year is already half over,
and based on the main stream 2011 outlook, the market's performance surprised
many. I forgot just how bullish Wall Street and the media was when coming into
2011. Look at the headlines below and you'll see what I mean.
'Get over your
fear and get back into stocks' - USA Today, 12-17-2010
'Bullish on
tech and 2011' - Barrons, 12-20-2010
'Don't see a
double dip for housing' - Morningstar, 12-29-2010
'Economic
rebound forecast for 2011' - Seattle Times, 12-12-2010
'Investor's
forecast: Sunny with a chance of overheating' - WSJ, 1-3-2011
'Why U.S. stocks
may finally be a good buy' - Mootley Fool, 1-3-2011
'Real estate:
Finally a good investment' - SmartMoney, 1-19-2011
'Why the
S&P is still a bargain' - USNews, 2-4-2011
'11 signs the
economy is on the right path' - MarketWatch, 2-10-2011
Judging the media
with 20/20 hindsight is always a blast, but I must admit that I was too chicken
to provide a full 2011 forecast via the ETF Profit Strategy Newsletter.
Vaguely
Accurate
Here's what I
told Investor's Business Daily when they asked me for my 2011 forecast
(published in IBD's December, 22, 2010 paper):
'The Fed is
creating a bubble to contain the damage left behind by the bust of the previous
bubble(s). QE2, as desired by the Fed, has led to indiscriminate buying of
stocks and commodities.
On a historic
basis, stocks are overvalued and set to deliver long-term pain, not gain. Based
on various sentiment gauges (Institutional Investor survey of newsletter
writers and American Association for Individual Investors' survey of retail
investors, the VIX, Chicago Board Options Exchange Market Volatility Index, and
CBOE put/call ratio), investors are as optimistic about rising prices today as
they were in late 2007.
Compared to
2007, unemployment has doubled, GDP has tumbled, Americans' desire to spend has
morphed into a new frugality and Europe has caught a contagious financial
virus. Based on sentiment, the cork may pop at any time, although I wouldn't be
surprised if the Fed's POMO (permanent open-market operations) activity can
keep prices afloat through much of 2011. The upside is risky and active traders
may follow the trend until it's broken.'
I admit that
the outlook was somewhat on the vague side but it steered investors in the
right direction - follow the trend but watch out for a correction and a
possibly significant market top. The chart below provides a glance at the
S&P's performance since January 1, 2011 along with various
support/resistance points outlined by the ETF Profit Strategy Newsletter.
http://www.etfguide.com/images/PDNewsletter_Images/spx%20-%207%2012%2011.gif
One Month
at a Time
With the major
index stretched to the breaking point but momentum still strong, my strategy
was to tackle the market one month at a time. Initially it made no sense to
buck the trend, but by mid-February, the market seemed to have reached a
breaking point. On February 18, I warned via the ETF Profit Strategy Newsletter
that: 'A fast and steep sell off from current prices is possible.' However, 'If
stocks don't fall below 1,255 and 1,229 we expect new recovery highs later in
2011.'
February 18
was a Friday. The following Monday was a red-across-the-board kind of a day.
The Nasdaq (Nasdaq: ^IXIC) opened Monday 38 points lower than it closed Friday
and dropped an additional 39 points during the day.
Formerly
high-flying sectors like consumer discretionary (NYSEArca: XLY - News), industrials (NYSEArca: XLI - News), materials (NYSEArca: XLB - News), retail (NYSEArca: XRT - News) and technology (NYSEArca: XLK - News) followed suit. The S&P
(SNP: ^GSPC) dropped 23 points and the Dow (DJI: ^DJI) 177 points.
About two
weeks later, the Japan Earthquake news rocked the world and saw another wave of
selling. But, the S&P never closed below the 1,255 support and triggered a
low-risk buy signal the week of March 14 (March 20, ETF Profit Strategy
Update).
The up side
target was outlined in the April 3 update of the newsletter: 'There is a fairly
strong Fibonacci projection resistance at 1,369. In terms of resistance levels,
the 1,369 - 1,xxx (reserved for subscribers) range is a strong candidate for a
reversal of potentially historic proportions.'
Bearish
Case, Not Closed Yet
The S&P
climbed as high as 1,370 and has since dropped as much as 110 points. But once
again, support surrounding the 1,255 level has not been breached.
In fact
investor sentiment turned decisively bearish when the S&P clocked in at
1,259. The June 17 ETF Profit Strategy Newsletter summed the sentiment picture
up as follows: 'It's soo bad, it's good. We expect at the very least a relief
rally.'
This rally
came and frizzled away over the last three trading days. Can it last?
The
Presidential Election Cycle, which sports gang buster pre-elections year
performance, supports the idea of new highs later on in 2011. Naturally, the
incumbent President will do whatever he can to court Americans for their vote.
Financial
Trickery
Shenanigans
designed to 'bribe' investors include maneuvers like releasing a portion of the
U.S. Strategic Petroleum Reserve. According to the New York Times, tapping into
the oil reserve for frivolous reasons is a bad idea because the oil (NYSEArca: USO - News) will eventually have to be
replaced, usually at higher prices. But right now, the priority is to make
voters happy. Low gas prices will do just that.
Other
financial tricks include changing how the Consumer Price Index (CPI) is
calculated. Lawmakers are proposing to change the CPI methodology to include
changed spending patterns caused by price increase. For example, consumers tend
to drive less when gas prices increase.
This would
artificially lower the CPI and lower federal spending by around $220 billion
over the next decade. Passing such a proposal would surely be touted as a
victory in the battle against the debt ceiling while social security recipients
see their monthly checks shrink (social security payments are linked to the
CPI).
Another trick
is 'QE2-light'. Yes, even though QE2 is officially over, the Federal Reserve
will continue to reinvest maturing securities and buy Treasuries (NYSEArca: TLT - News) from banks (NYSEArca: KBE - News) at the rate of about $25
billion a month over the next year.
2011
Outlook
Quite frankly,
formulating a high confidence 2011 outlook right now is tricky (isn't it
always). But here is what we do know:
A major market
top is forming. The S&P reached the bottom end of our target range (1,369)
and was clearly rejected …’
Stocks fall
after Ireland downgrade erases gains
Proper
Risk Assessment Exposes A Rally's True Characterat Forbes William Scott O'Neil In our shop, trend-following is at the core
of our investing beliefs. We buy stocks when prices are trending up and sell or
sell short when prices are trending down. We also closely weigh the overall
balance between risk and reward in the market. Even though the last few weeks
have been the strongest short-term uptrend the market has had this year, my
optimism is guarded. The reason is risk.
Since the
beginning of the year, the risk factors have been piling up. When coupled with
the beginnings of a new downtrend back in June, I felt comfortable calling the
market top (See Is the Bull Market Over?). At that time, I also expected to see a
short-term bounce as a result of all the heavy selling and the recent increase
in bearish sentiment. Since then, the market has rallied, and a handful of
leaders have recently reasserted themselves. A few of these have notched new
highs.
This kind of
situation gives investors hope, and that hope can make them myopic. A strong
two weeks does not erase the persistent risk factors hanging over the market.
Aside from the factors discussed in my previous posts, here are some new
developments:
- The market is trading near the upper end of
overhead resistance levels. For the uptrend to continue, we’d have to
clear this upper area of resistance, consolidate, and resume the uptrend
in a meaningful way. As we come out of that consolidation, it would
be very positive to see true conviction (volume) returning to the indexes.
- After studying the recovery phase of the last
seven major bear markets (those down 45% or more, peak to trough), the
average gain in year three was 3%. As we are now in year three, the best
case scenario is probably a choppy, volatile market going
forward.
- The only positive catalyst on the horizon is
earnings season. Earnings are projected to be, once again, very strong, (Alcoa
kicked off earnings season yesterday by hitting EPS expectations of 32
cents) but remember, last quarter’s earnings were excellent (by and
large), and the market was unable to lift and move higher.
- There is a lack of conviction on behalf of stock
buyers. The last eight up days in a row, with closes at the top of the
range on the NASDAQ, have been positive, but all of the up days have been
on volume less than the 50-day average volume.
- Several leading stocks have broken out of chart
patterns on lower volume. Results from these breakouts have been mixed,
and to me, the breakout failures cast doubt on a sustained uptrend.
- Many leading stocks are around their 52-week
highs, but they got there on mediocre volume. This underscores a lack of
conviction within this market environment.
- Significant market uptrends normally don’t start
in July (the peak of the summer doldrums).
- The market is still very sensitive to the news
of the day…’
Is the Bull Market Over? (more accurately, bull cycle in a secular bear
market – answer: Yes!) William Scott
O'Neil ‘On May 23, I posted an article on Intelligent Investing titled Is the Bull Market Topping? Since then I’ve continued to interpret the facts and
market action. Amidst persistent choppy gains and losses, I’m further convinced
of a downtrend.
In our shop,
however, we never dig in our heels when it comes to the stock market; we remain
flexible in our thinking. Quite frankly, I would love to have the market prove
me wrong and resume a meaningful uptrend. Remember, there is never really a
bull or bear side, just the right side.
However, my
big concern at this point is the lack of a catalyst. For the risk-reward ratio
to improve in our favor, I believe we need resolution on some of the more
pressing domestic and international issues. Some of the most respected minds in
the market have recently told me that, in all their years in the industry, they
have never seen so many major issues happening across the world at the same
time.
Certainly
meaningful job growth in this country would help. And the way to grow jobs is
through the creation and expansion of businesses, particularly small
businesses. Small business creates roughly 85% of all jobs in this country. We
also have to implement an effective solution to the real estate housing glut.
Studying the
recovery phase of the last seven major bear markets (those down 45% or more,
peak to trough), the average gain in year three was 3%. We are now in year
three. So, to me, the best-case scenario right now is a continuation of a
sideways, back-and-forth, volatile market, which is the most dangerous type.
A choppy
market is much more dangerous than a down trending market (assuming the
investor uses selling rules). Thus my interpretation of the risk-reward at this
time is very, very poor.
We will
inevitably get several short-term bounces, but will they be significant enough
to build substantial positions over time?’
The next big hit to
the economy? The Lookout | Disappearance of jobless
benefits will take money out of circulation when economic growth is seeking to
gain some traction.
Moody's
downgrades Ireland debt to junk status
Trade gap
surges to nearly 3-year high on oil
James
Turk: “Gold Is Our Defense Against the Fiat Currency Graveyard” Chris
Martenson | Money printing is the order of the day.
US
trade deficit widens to more than $50bn in May BBC | Oil
prices helped push imports to the second highest level on record, while exports
fell slightly from April’s record high.
Stocks open
sharply lower on global fears AP | Stock markets opening
lower amid fresh fears about global economy.
Gold
In Euros At New Record As Fears Of European Contagion Get Worse Zero
Hedge | Gold is trading at $1,543.94/oz, €1,108.99/oz and £976.81/oz.
A
Bad Mood Has Descended On World Financial Markets The Economic
Collapse | Have you noticed that a really bad mood seems to have
descended on world financial markets?
Cisco To Fire 10,000
People Business Insider | Cisco is planning to fire as
many as 10,000 people, Bloomberg reports.
An
Explanation Of What Is Really Going On Behind The Scenes As Rome Burns Tyler
Durden | Unable to keep with the events in Europe which are now
literally changing on an hourly basis? Fear not.
National / World
Bombshell: Saudi and U.S. Governments Protected Hijackers
Kurt Nimmo | Former senator provides context for
new 9/11 investigation.
Executive Dictatorship: McConnell Proposes Handing Over
Power of Purse to Obama Paul Joseph Watson | Senate
Majority Leader Harry Reid has said he will seriously consider the proposal.
Obama Says He Cannot Guarantee Social Security Checks
Will Go Out on August 3 CBS News | Obama on Tuesday
said he cannot guarantee that retirees will receive their Social Security
checks August 3.
Ron Paul Announces He Will Not Run for Re-election in
House Kurt Nimmo | Says he will focus all of his
energy on winning the presidency.
Less Than One Quarter Support Obama’s Libya Bombardment Steve
Watson | A new Rasmussen poll reveals that less than one quarter of
voters believe that the U.S. should continue military action in Libya.
Wikileaks’ Assange to Address 9/11 Conspiracy? Prison
Planet Live | Assange may be about to address concerns over his
comments last year that 9/11 truth was a “false conspiracy” which he found
“annoying”.
Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard Kurt
Nimmo | Ahmad Wali Karzai, the half brother of Afghan president Hamid
Karzai, was assassinated by one of his own bodyguards Tuesday morning.
U.S. Drones Kill 45 In Pakistan; 2nd Highest Death Toll
Ever Business Insider | The drone strikes came just
a day after the U.S. suspended $800 million of military aid to Pakistan, citing
“difficulties” in the relationship.
Insider: Secretive Elite Set Policy At Bohemian Grove Paul
Joseph Watson | Power brokers are “constantly” talking politics
reveals former attendee.
Mexican Outlaws Get Guns Via ATF Joseph
Alan Sanchez | The ultimate end of the plan is to make possession of
guns the ultimate evil.
Less Than One Quarter Support Obama’s Libya Bombardment Steve
Watson | A new Rasmussen poll reveals that less than one quarter of
voters believe that the U.S. should continue military action in Libya.
Ron Paul Announces He Will Not Run for Re-election in
House Kurt Nimmo | Says he will focus all of his
energy on winning the presidency.
Wikileaks’ Assange to Address 9/11 Conspiracy? Prison
Planet Live | Assange may be about to address concerns over his
comments last year that 9/11 truth was a “false conspiracy” which he found
“annoying”.
Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard Kurt
Nimmo | ‘CIA has been in the drug running business since the
1950s. Kurt Nimmo
Infowars.com July 12, 2011
Ahmad Wali Karzai, the half brother of Afghan president Hamid
Karzai, was assassinated by one of his own bodyguards Tuesday morning. Friend
and trusted head of security Sardar Mohammed shot him in the head and chest.
Mohammed was in turn shot and killed by fellow bodyguards. The Taliban claimed
responsibility for the assassination.
In 2009 it was
reported that Karzai was a major player in the Afghan opium trade. According to
reports, other members of the Karzai family are involved
“head-to-heels” in the drug business.
Ahmad Wali
Karzai also worked for the CIA.
“The
CIA has been complicit in the global drug trade for years,” a former intelligence official told Newsmax in 2002. “The CIA
did almost the identical thing during the Vietnam War, which had catastrophic
consequences – the increase in the heroin trade in the USA beginning in the
1970s is directly attributable to the CIA.”
According to a report in Presscore, the
former Unocal employee Hamid Karzai and his family are heavily
involved in the CIA’s drug business.
“85 per cent of all drugs produced in Afghanistan is
being shipped aboard US aircraft. Foreign diplomats have stated that the United
States military buy drugs from local Afghan drug lords who deal with field
commanders overseeing eradication of drug production,” states the report. The
CIA provides protection for the enterprise.
The CIA has been in the drug running business since
the 1950s. In Burma,
Vietnam, Laos, Latin America, and Afghanistan, the CIA — also known as the
“Cocaine Import Agency” — has remained at the forefront of the international
illicit drug trade. The journalist Gary Webb and the San Jose Mercury News tied
the CIA and the Contras to a large crack cocaine ring in Los Angeles. Webb paid
with his life for revealing this information to the public.
Before the U.S. invaded Afghanistan, the Taliban had
imposed a ban on opium production. This resulted in opium production collapsing
by more than 90 per cent. It was the U.S. supported Northern Alliance that came
to the rescue and began protecting the production of raw opium.
“CIA-supported Mujahedeen rebels [who in 2001 were
part of the Northern Alliance] engaged heavily in drug trafficking while
fighting against the Soviet-supported government and its plans to reform the
very backward Afghan society,” William Blum
writes in The Real Drug Lords.
In a Fox News report aired in April of 2010,
correspondent Geraldo Rivera interviewed a solder in Afghanistan who
admitted the U.S. allows the opium trade to flourish.
The corporate media has provided propaganda for the
CIA’s drug business. “Curbing the Taliban’s multimillion dollar opium poppy
business was a major goal of a military operation to seize this former
insurgent stronghold,” the Associated Press reported in March of 2010. “If they
destroy the crops and curb the trade, they lose the support of the population —
a problem for which they have no easy solution.”
IN FACT, AS PREVIOUSLY NOTED, THE TALIBAN BANNED OPIUM PRODUCTION AND ALMOST ELIMINATED THE
CROP A DECADE AGO.’
Anonymous Could Unleash “Literally Explosive” Material on
Bohemian Grove Paul Joseph Watson | Hacking
collective targets secretive power brokers as part of “biggest day” in group’s
history.
Book:
Julian Assange Held Back Wikileaks About U.S., Israel Prison Planet
Live | Assange is quoted as saying that negative cables concerning the
United States and Israel were deliberately omitted from initial Wikileaks
releases last year to prevent the organization being stereotyped as
anti-American.
Indiana
latest US state to drop handwriting requirement BBC | The
move is part of the Common Core State Standards Initiative.
US
Official: No Tangible Evidence at Hand to Prove Iran’s Aid to Iraqi Militants
Fars News Agency | No proof to substantiate allegations about
Iran’s arms shipment to militant groups in Iraq.
Debt
talks emphasize parties’ differences
Talks between the president and congressional Republicans grew more
contentious, as GOP leaders flatly rejected tax increases as part of a
bipartisan agreement to restrain the nation’s mounting debt. (Washington Post)
[ Geithner
says hard times to continue for many [ But not for his frauds on
wall street for whom everyone’s expected to keep sacrificing; and, ultimately
their negative churn-and-earn in real economic terms has to come from some
place, ie., you, yours, main street, etc., and has manifested in the QE’s,
etc.. Well, there you have it. The product of his, wobama et als’ policies; viz.,
unhappy days are here again’ or, hard times for most are here to stay, or, you
get the picture, your pain their gain. Panetta appears to link al-Qaeda presence with Iraq
invasion Washington Post | Defense Secretary Leon
Panetta on Monday appeared to justify the U.S. invasion of Iraq as part of the
war against al-Qaeda. Panetta:
Al-Qaeda defeat near Afghan
guard fatally shoots NATO soldier (Washington Post) [ Riiiiight! And, you
can take that to america’s bankrupt treasury as we hear this same regurgitation
for the umpteenth time from california’s own pinyata pinhead panetta. The
problem with such an outlandish boast which of course is lost on ‘wobama the b’
(for b***s***)’s own pinyata is that you can’t defeat a good idea from their
legitimate perspective of resistance to tyranny/aggression. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The effects
of these negative predispositions toward inherent criminality is certainly
being felt globally as well as domestically and has little to recommend it. My
own direct experience with the region(s) (particularly new jersey, new york,
virginia, connecticut, california) carves out no exception for the prevalence
of the worst of human nature; which is now collectively and pervasively
americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Europe’s
debt crisis sinks U.S. stocks
Markets fall sharply as investors fear crisis could spread from Greece
to larger countries like Italy and Spain. (Washington Post) [ If it was only that,
there’d be reason to cheer. I don’t even believe it’s really part that; in
that, this scenario was predicted even as the frauds on wall street latched on
to the spurious ‘wobama-like’ (b***s***) story
that a ‘grecian formula’ was at
hand so as to rally those computer-driven stock prices for half / quarter /
month end window dressing based as usual on fraud and b***s*** alone to keep
suckers sucked in to this suckin’ suckers market for which the churn-and-earn
is a net negative in real economic terms for everyone but the frauds on wall
street …IT'S
GOING TO HURT 'FOR LONG TIME TO COME' [ Says tiny tim … thanks
for the heads up tiny tim ‘God bless us
everyone’! … As if we didn’t already
know it / feel it! ]The frauds on wall street
et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business
Insider Weisenthal Economic scenario far worse
than expected (and in this pre-election year the reality is still far worse
than reported), yet stocks still rallied off lows to keep suckers sucked in to
this fraudulent market Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12
charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Stocks rally on
jersey-based, former Lautenberg ADP still paltry, better than expected 157,000
private jobs number and one’s got to wonder ‘who got paid’, one way or another,
for the fudge. Then there’s the horrific ‘american tech’. Retail? The defacto
bankrupt government’s probably buying with money they don’t have, at best; and,
as with other data in these desperate pre-election-year times, plain false,
falsified, fudged, spun. Previous day, all bad news … from eurozone (protugal,
et als), to asia zone (china worse than expected), to america (where to begin,
from defacto bankruptcy, to debased currency, to insurmountable debt / dervice,
to pervasive corruption, etc.) … stocks rally on fraud and b***s*** alone. Previous, higher oil price rally, along with Netflix
‘technology rally’ … Don’t make me laugh! … Total desperation on wall street
and in Washington … How pathetic! … Jobless claims at 428,000 much worse than expected;
and, don’t forget, these are desperate ‘pre-election times’ when regardless of
factual reality (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt
chicago ISM is up as even their youth gangs are showing increased criminal
activity which probably accounts for the rise; ie., meth, crack labs, etc.?)
data / reports are fudged / faked / spun. Foreclosure, distressed sales
up, at least on paper with contracts signed, so no surprise nor reason to cheer
here, as markets worldwide jump on the american crazy train for a short-lived
bounce as all problems remain. This is the same month
end (and quarter, half) spurt / window dressing based on b***s*** alone to keep
the suckers suckered and an especially great time to sell / take profits since
there’s much worse to come! Talk about milking the greek crisis for the
umpteenth time a so-called solution (and there are loads of greecy scenarios
worldwide … I don’t think so and
neither does Schaeffer who says: ‘…even once such a package is passed it only buys time. Actually fixing
the fiscal condition of Greece is not something that can be solved in a matter
of weeks, or even months…‘ but it’s great press for the
churn and earn and to keep the suckers suckered. Technology
rally? Defacto bankrupt american technology is horrendous but great sizzle for
the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new
greecy b.s. factor. The
rally into the close and the previous so-called (4 day) ‘rally’ was based on
b***s*** alone to keep the suckers suckered and for ‘smarter money ‘ along with
the frauds to sell into. This is an especially great opportunity to sell / take
profits while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times.
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th– so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell
Milbank:
Boehner stuck in a bind (Washington
Post) [ Riiiiight! It seems that wobama apologist, Mr. Milbank is beginning to
share those ‘democrat wet dreams’; you know, the ones where republicans are all
tied up with nowhere to go; those perverse ‘bind and torture fantasies’. Never
mind that this pervasively corrupt nation is indeed defacto bankrupt, with few
real and realistic choices. The real ‘kicker’ here is the fact of this
‘pre-election year’ which complicates all candor and reality. Ultimately, owing
to wobama’s mendacity, it’s the nation that’s in the bind. Geithner
says hard times to continue for many But not for his frauds on wall street for whom everyone’s
expected to keep sacrificing; and, ultimately their negative churn-and-earn in
real economic terms has to come from some place, ie., you, yours, main street,
etc., and has manifested in the QE’s, etc.. Well, there you have it. The
product of his, wobama et als’ policies; viz., unhappy days are here again’ or,
hard times for most are here to stay, or, you get the picture, your pain their
gain. Fed
Can Manipulate Markets, But Can't Reverse Economy at
Minyanville Toby Connor Jul
11, 2011 ‘I believe that we have begun the topping process of this cyclical
bull market [ in this secular bear market ]. In a healthy market an
intermediate decline is a profit-taking event after a significant leg up. It
should hold well above the prior intermediate bottom. The decline into the June
low was not a profit-taking event. The market had not rallied long enough or
far enough to warrant an intermediate correction and certainly not one that
would test the March lows. The decline in May and June was the first shot
across the bow that something was wrong with the fundamentals driving this
market.
Now let me be clear, I don't recommend anyone sell short the market. All I'm
saying is it's too late to have retirement funds positioned long at this time.
Asset appreciation is the Fed’s stated third mandate. Bernanke is going to
fight the bear tooth and nail. There will be continued interventions into the
markets. The rules will be changed as we go. Anything and everything will be
tried to keep stock and bond markets levitated. That is not the kind of
environment conducive to making consistent gains on the short side. That is the
kind of environment that can and will whipsaw traders to death.
Even in a market free of intervention the topping process is always volatile
and dangerous. But in a market that is being actively managed it is especially
dangerous on the short side. Case in point -- the June bottom was way too early
for a final intermediate bottom.
As I've said before, we should have seen a counter trend bounce to relieve
sentiment extremes followed by another leg down into a more lasting bottom.
Unfortunately that was not allowed to happen. The powers that be manufactured
an explosive rally on the low volume pre-holiday week in an attempt to create a
massive momentum move ahead of the end of QE2 that would be hard to turn
around. Needless to say Bernanke didn't want a repeat of last year when QE1
ended.
http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/1-spx%20new%20bearb.JPG
Click
to enlarge
The Fed can temporarily turn the markets higher but what they cannot do is
reverse the economy. I said when QE1 began that no amount of printing or
stimulus would stop the underlying cancer in the economy. All it would do is
create a brief reprieve which would be followed by an even deeper and more
severe recession once the sugar high wore off.
The simple fact is that we cannot cure a problem of too much borrowing and too
much spending with more borrowing and more spending. We tried this in the `30's
and it caused a 15 year depression. Japan tried it and it led to two lost
decades.
The cure is to bite the bullet and allow the deleveraging process to run its
course. Yes it will be painful. We've put this off for so long that it isn't
just going to be painful it's going to be catastrophic. But the longer we kick
the can down the road the worse the endgame becomes. The only ray of sunshine I
can offer is that if we let the markets work they will complete the
deleveraging process fairly quickly. Within 2 to 3 years the world can be back
on a sustainable path of growth. Continue to fight this and we could be stuck
in an on-again off-again recession for another 20 years with the final end game
collapse so devastating that it will make the Great Depression look like a
picnic.
The last two employment reports are clearly showing that the economy is
slipping back into recession. I suspect by August the employment report could,
and probably will, turn negative. All the manufactured rallies in the world
cannot prop up the stock market if the economy is rolling over into another
recession. They can postpone the inevitable only so long and ultimately will
just make the bear that much more severe.
The Fed's efforts have only extended the topping process, they haven't stopped
it.’]
Obama
rules out short-term debt-ceiling deal Facing a bitter stalemate over how
to raise the federal borrowing limit, President Obama summoned
congressional leaders to a new round of talks and warned that he would not
accept a stopgap measure. (Washington Post) [ Drudgereport: Protesters
burn American flag during Obama visit to Puerto Rico -- a
U.S. territory... [ I find even his retirement costs
objectionable. Obama: My
family is ‘fine’ with one term Politico | President Barack
Obama says his family is “not invested” in a second term. The unctuous
pandering by the wobamas is nauseating. And, michele’s fundraisers? What’s up
with that? Wobama’s
such a glomming golem / slug. Obama
says if he were Weiner, he’d resign
President Obama on Monday waded into the debate over whether embattled
Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is just
more of the same, a big smile with strings attached, and controlled completely
by those that chose him, trained him, sold him and provided his record funding,
kept his many skeletons under wraps, like the gay sex and crack cocaine ..
Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your
Presidential camp, who is alleged to claim that someone claiming to represent
me called asking for $100,000, to keep me from coming forward about our (Obama
and I) November 1999 encounter of sex and cocaine use?), ... Obama is just
another Banksters' moll prostituting himself .., and that's why he supported
the grotesque bail-out of the banking system and why he will always put their
interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv Stocks
sink after bleak jobs report A much weaker-than-anticipated unemployment
report indicates that the economy is still struggling. (Washington Post) [
Sink? I don’t think so? Why not, and why the rally into close regardless of the
dismal reality? Well, that’s the miracle of computer programmed high-frequency
trading; then there’s also the more blatant fraud. Oh, stocks will indeed sink,
because economic prospects really do stink! Sink like a rock, or like Iraq! The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business
Insider Weisenthal Economic scenario far worse
than expected (and in this pre-election year the reality is still far worse
than reported), yet stocks still rallied off lows to keep suckers sucked in to
this fraudulent market Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12
charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Stocks rally on
jersey-based, former Lautenberg ADP still paltry, better than expected 157,000
private jobs number and one’s got to wonder ‘who got paid’, one way or another,
for the fudge. Then there’s the horrific ‘american tech’. Retail? The defacto
bankrupt government’s probably buying with money they don’t have, at best; and,
as with other data in these desperate pre-election-year times, plain false,
falsified, fudged, spun. Previous day, all bad news … from eurozone (protugal,
et als), to asia zone (china worse than expected), to america (where to begin,
from defacto bankruptcy, to debased currency, to insurmountable debt / dervice,
to pervasive corruption, etc.) … stocks rally on fraud and b***s*** alone.
Obama
tries to keep his balanceTHE TAKE | The president must wring concessions
out of Republicans while reassuring his Democratic allies. (Washington Post) [
Keep his balance? Come on! Wobama is mentally unbalanced! Indeed, the current
problems are self-created being of his own making with actions belying the
words that got him elected. In fact, he’s spending like mad on war despite
having condemned same as contraindicated in light of the plethora of domestic
problems facing the nation, which of course has led to the current debacle /
debt crisis. As failed as his failed predecessor, dumbya bush et als, wobama in
a stereotypical fashion has breathed new life into that racy joke of old, ‘for
a nickel I will’. Wobama is really quite pathetic and all that … bad. Wobama’s
a totally failed president! Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke: ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to
be with your Presidential camp, who is alleged to claim that someone claiming
to represent me called asking for $100,000, to keep me from coming forward
about our (Obama and I) November 1999 encounter of sex and cocaine use?), ...
Obama is just another Banksters' moll prostituting himself .., and that's why
he supported the grotesque bail-out of the banking system and why he will
always put their interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv
Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Minyanville's
T3 Daily Recap: Italian debt worries take US markets lower ‘US markets saw a sell-off with the SPDR S&P ETF (SPY)
falling 2%, its largest 2-day decline since March, as European debt worries
continued to grow and US lawmakers let another day pass without cutting the
deficit or raising the debt ceiling.
The day started off on a disappointing note with US futures negative before the
opening bell; markets all over the world were dragged lower by weakness in
European banks and Italian stocks.
The costs of insuring Italian and Spanish debt soared to all-time levels in the
euro currency era, bringing selling pressure to Italian stocks despite recent
curbs on short-selling.
At the open, leading stocks LinkedIn (LNKD), Apple (AAPL)
and Lululemon Athletica (LULU)
all saw buyers and tried to rally the broad market, in the same manner seen
during Friday’s open. Even Netflix (NFLX)
briefly touched new 52-week highs. However, the weakness in commodity related
names as investors flocked to the US dollar, eventually dragged the market to
fresh intra-day lows.
The early strength in the US dollar caused selling in copper and crude oil
before the open on fears the economies of the two largest crude consuming
countries are decelerating following recent data
showed slowing US job creation and Chinese imports. The SPDR Gold Trust (GLD) and
iShares Silver Trust (SLV) got early
support from investors seeking a safe haven from the Euro currency,
but silver faded with crude oil into the close while gold finished near highs.
Commodity-related leaders to the downside include mining stocks Walter Energy (WLT) and
AK Steel Holdings (AKS)
closing down over 4% ahead of Alcoa (AA) earnings.
Occidental Petroleum (OXY)
and Range Resources (RRC)
were among the oil stock laggards, losing over 4% on the session. Mosaic (MOS) dropped
nearly 5% to lead agricultural stocks lower.
Chinese internet stocks Renren (RENN), China Dangdang
(DANG) and Sina
(SINA)
all sank over 7%, showing relative weakness after demonstrating strength for
the last two weeks. It's possible that reports saying Chinese inflation for
June advanced at the fastest pace in three years may have added to downside
selling pressure.
Finally, you have US banks heading lower, closing just off lows to end the
session, led lower by Citigroup (C), which was
down 5% since the bank has the largest exposure to Europe among US banks.
Investors may look for a bounce in the markets tomorrow, following Alcoa's (AA)
reported second-quarter results; earnings more than doubled on continued growth
in prices and volume.’
Nasdaq 2802.62 (-2.00%)
NYSE 8228.73 (-2.16%)
AMEX 2377.48 (-1.85%)
S&P 500 1319.49 (-1.81%) US Oil Fund 37.29 (-1.35%)
|
USD EUR CAD MXN |
|
1 USD= 1.000 0.712
0.969 11.747 |
|
1 EUR= 1.405 1.000
1.361 16.501 |
|
1 CAD= 1.032 0.735
1.000 12.127 |
|
1 MXN= 0.085 0.061
0.082 1.000 |
Retirees Should Have More
Annuities, Fewer Stocks Equities should be no more than
25% of your portfolio, says Robert Powell.
Large
Banks Responsible for Mortgage Disaster Might Be Able to Buy Immunity for $30
Billion cryptogon.com | Hell, why bother spending any
money on a settlement? If nobody from Lehman went down—fuggetaboutit.
Whatever
Happens, Commodities Win: Jim Rogers CNBC | Jim Rogers,
the CEO and Chairman of Rogers Holdings, told CNBC that no matter what happens
to the global economy, he will make money with his commodity positions.
What An
American Bank Run Would Look Like Tyler Durden | Technically
the title of this post is wrong: the truth is that nobody could possibly know
or predict what a bank run would looks like.
EU
calls emergency meeting as crisis stalks Italy Reuters |
European Council President Herman Van Rompuy has called an emergency meeting of
top officials dealing with the euro zone debt crisis for Monday morning.
Stocks open
sharply lower on global fears AP | Stock markets opening
lower amid fresh fears about global economy.
Uh
Oh – Italy Is Coming Apart Like A 20 Dollar Suit The Economic
Collapse | Did anyone really think that Italy would be able to get
through this thing without needing a bailout?
Geithner:
“[For A Lot of People] It’s Going to Feel Very Hard, Harder than Anything
They’ve Experienced in Their Lifetime Now, For a Long Time to Come” Washington’s Blog | Many
Americans will face hard times for a long time to come.
U.S.
Must Borrow Another $5,240 Per Household Just to Fund Gov’t at Current Level
Through Sept. 30 CNS News | According to the CBO’s latest
estimate of the fiscal 2011 deficit and the Treasury Department’s latest
accounting of the federal debt.
Geithner:
Americans will face hard times for a long time to come Washington’s
Blog | Geithner has been a big part of the problem.
Stocks
sink after bleak jobs report A much weaker-than-anticipated unemployment
report indicates that the economy is still struggling. (Washington Post) [
Sink? I don’t think so? Why not, and why the rally into close regardless of the
dismal reality? Well, that’s the miracle of computer programmed high-frequency
trading; then there’s also the more blatant fraud. Oh, stocks will indeed sink,
because economic prospects really do stink! Sink like a rock, or like Iraq! The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business
Insider Weisenthal Economic scenario far worse
than expected (and in this pre-election year the reality is still far worse
than reported), yet stocks still rallied off lows to keep suckers sucked in to
this fraudulent market Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12
charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Stocks rally on
jersey-based, former Lautenberg ADP still paltry, better than expected 157,000
private jobs number and one’s got to wonder ‘who got paid’, one way or another,
for the fudge. Then there’s the horrific ‘american tech’. Retail? The defacto
bankrupt government’s probably buying with money they don’t have, at best; and,
as with other data in these desperate pre-election-year times, plain false,
falsified, fudged, spun. Previous day, all bad news … from eurozone (protugal,
et als), to asia zone (china worse than expected), to america (where to begin,
from defacto bankruptcy, to debased currency, to insurmountable debt / dervice,
to pervasive corruption, etc.) … stocks rally on fraud and b***s*** alone. Previous, higher oil price rally, along with Netflix
‘technology rally’ … Don’t make me laugh! … Total desperation on wall street
and in Washington … How pathetic! … Jobless claims at 428,000 much worse than expected;
and, don’t forget, these are desperate ‘pre-election times’ when regardless of
factual reality (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt
chicago ISM is up as even their youth gangs are showing increased criminal
activity which probably accounts for the rise; ie., meth, crack labs, etc.?)
data / reports are fudged / faked / spun. Foreclosure, distressed sales
up, at least on paper with contracts signed, so no surprise nor reason to cheer
here, as markets worldwide jump on the american crazy train for a short-lived
bounce as all problems remain. This is the same month
end (and quarter, half) spurt / window dressing based on b***s*** alone to keep
the suckers suckered and an especially great time to sell / take profits since
there’s much worse to come! Talk about milking the greek crisis for the
umpteenth time a so-called solution (and there are loads of greecy scenarios
worldwide … I don’t think so and
neither does Schaeffer who says: ‘…even once such a package is passed it only buys time. Actually fixing
the fiscal condition of Greece is not something that can be solved in a matter
of weeks, or even months…‘ but it’s great press for the
churn and earn and to keep the suckers suckered. Technology
rally? Defacto bankrupt american technology is horrendous but great sizzle for
the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new
greecy b.s. factor. Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘Albert Edwards: Thinks the
Market Could Fall 70%’ PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Lenzner Another
Financial Crisis Is On The Way, Mobius Says Market Crash 6/30/11?Technical
indicators suggest market collapse may begin by June 30th Dennis Slothower is
one of the world’s leading technical analysts. He’s one of the few advisors
whose readers completely avoided ALL losses during the disaster that was 2008.
And now he’s issuing another dire warning… STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell
Watching A Flatlining
Economy Bob Chapman | Government debt will be in the
vicinity of $1.5 trillion this year.
National / World
Obama Is Establishing An Executive Dictatorship Paul
Joseph Watson | White House crosses the rubicon.
Obama Campaigner Working For CNN As “Independent”
Contributor Steve Watson | CNN has been caught in a
conflict of interest as it has emerged that a significant member of Barack
Obama’s reelection campaign staff is still working for the network as an
independent political analyst.
Panetta Announces U.S. Plan to Attack Iraqi Shi’ite
Militias Kurt Nimmo | Obama’s new defense
secretary, Leon Panetta, has told troops in Iraq the U.S, plans to take on
three Shi’ite militia groups in the country. He directly accused Iran of arming
and motivating the militias.
Panetta appears to link al-Qaeda presence with Iraq
invasion Washington Post | Defense Secretary Leon Panetta on Monday appeared to justify the U.S.
invasion of Iraq as part of the war against al-Qaeda. Panetta:
Al-Qaeda defeat near Afghan
guard fatally shoots NATO soldier (Washington Post) [ Riiiiight! And, you
can take that to america’s bankrupt treasury as we hear this same regurgitation
for the umpteenth time from california’s own pinyata pinhead panetta. The problem
with such an outlandish boast which of course is lost on ‘wobama the b’ (for
b***s***)’s own pinyata is that you can’t defeat a good idea from their
legitimate perspective of resistance to tyranny/aggression. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Gold Set to Rise as Italy Falls Kurt Nimmo | Gold is expected to rise today in Asian trade after
EU boss Herman Van Rompuy called for an emergency meeting. Geithner:
Americans will face hard times for a long time to come Washington’s Blog
Leaders
pressured in debt talks Rank-and-file lawmakers from both parties issue a
warning: Don’t take my vote for granted. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (Washington Post) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py
… Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times.
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall Street
this week,” Brooks said. “They’re vastly underestimating the source of
piolitical risk here. We could have a major problem, I think, either this
summer or the next couple years. And I’d be worried about investing too much in
the market. That’s my financial advice.”…’
Paul B. Farrell: 7 reasons U.S. needs a Good Depression now By Paul
B. Farrell, MarketWatch SAN LUIS
OBISPO, Calif. (MarketWatch) — ‘No, do not raise the debt-ceiling. You heard
me: Block the debt ceiling vote. Don’t raise it. America’s out-of-control. A
debt addict. Time to detox. Deal with the collateral damage before it’s too
late.
We
need to fix America’s looming credit default, failing economy and our
screwed-up banking system. Now, with a Good Depression. If we just kick the can
down the road one more time, we’ll be trapped into repeating our 1930’s
tragedy, a second Great Depression.
Barton Biggs: U.S. needs massive public works program
The U.S. needs to invest in a massive public works
program, and rich people and corporations should pay more taxes. Barton Biggs,
of Traxis Partners, shares his views with the Simon Constable.
Yes,
depression. Spelled: d-e-p-r-e-s-s-i-o-n. Wake up America, recessions do not
work. Won’t work in the future. Remember that 30-month recession after the
dot-com crash? Didn’t work. Why? Because in the decade since that 2000 peak,
Wall Street’s lost an inflation–adjusted 20% of America’s retirement money.
And
what about the so-called Great Recession of the 2008 credit meltdown? Didn’t
work either. In fact, made matters worse: Wall Street got richer by stealing
from the other 98% of Americans, the middle class, the poor. And now their
conservative puppets in Washington want to make matters worse, widening the
wealth gap further to benefit the Super Rich.
Seems
nobody really gives a damn about our great nation any more. America’s now a
capitalists anarchy: “Every (rich) man for himself.” Proxy battles are fought
by high-priced lobbyists in a broken political system. America needs a 21-gun
wake-up call. Yes, that’s why America needs a Good Depression. The economy’s
bad now. But kicking the can down the road again will make matters much worse
later.
America’s leaders lost their moral compass, lack a
public conscience
This
is not our first call for a Good Depression. As early as 2005 we began
reporting on excessive debt. In November 2007 we warned of a crash dead ahead.
The subprime credit meltdown had been accelerating for many months, although
for a year our leaders kept misleading Americans: Fed Chairman Ben Bernanke’s
“it’s under control.” Treasury Secretary Henry Paulson’s delusional “best
economy I’ve ever seen in my lifetime.”
In
August 2008 came the original of our seven reasons why America needs a Good
Depression. Yes August, just two months before Wall Street banks collapsed into
de facto bankruptcy, after many warnings predicting a crisis. This was no Black
Swan. In September 2008 we reported on Naomi Klein, author of “Shock Doctrine:
The Rise of Disaster Capitalism,” warning of Wall Street’s insidious plan to
take over America:
“Nobody
should believe the overblown claims that the market crisis signals the death of
‘free market’ ideology.” Then as the meltdown went nuclear, Klein warned: “Free
market ideology has always been a servant to the interests of capital, and its
presence ebbs and flows depending on its usefulness to those interests. During
boom times, it’s profitable to preach laissez faire, because an absentee
government allows speculative bubbles to inflate.”
But
“when those bubbles burst, the ideology becomes a hindrance, and it goes
dormant while big government rides to the rescue. But rest assured,” she
predicted, Reaganomics “ideology will come roaring back when the bailouts are
done. The massive debts the public is accumulating to bail out the speculators
will then become part of a global budget crisis that will be the
rationalization for deep cuts to social programs, and for a renewed push to
privatize.”
Totally predictable: No Black Swans in 2000, 2008 …
nor in 2012
Yes,
all was predictable: The events of the past few years were well known in
advance. In fact, the events of the entire decade were predictable. The rich
got richer off the backs of the middle class and the poor. Why? “There’s class
warfare all right,” warns Warren Buffett. “But it’s my class, the rich class,
that’s making war, and we’re winning.”
And
they are also blind and deaf to the havoc their free-market Reaganomics
policies are creating, selfishly undermining America, the world’s greatest
economic power.
Lessons
learned? Zero. Why? Wall Street, Washington and Corporate America are focused
on one narrow-minded short-term strategy: Economic g-r-o-w-t-h, bull markets,
megabonuses, tax cuts. In good times they tout “free markets.” But when greed
bombs, they throw free-market “principles” under the Reagan Revolution bus and
unleash their mercenary lobbyists to go whining to Congress for huge taxpayer
bailouts and access at the Fed discount window, to siphon off more taxpayer
money. And they’ll do it again soon,
Wall
Street and their cronies are doing such a miserable job, America needs a new
strategy: First, stop “kicking the can down the road.” Let a good old-fashioned
Good Depression do the job that our hapless, happy-talking leaders refuse to
do. Take our medicine. Let a new depression clean house and reawaken Americans
to core values.
Trust
me folks, it’s either a Good Depression now … or a Great Depression 2. Here are
seven reasons favoring the do-it-now strategy:
1: Capitalism’s now a lethal soul sickness, needs a
reawakening
What’s
the real problem? Not the economy, not markets, nor even politics. Yes, our
economic pains are real. But they’re just symptoms. Something’s structural
wrong. Since 2000 endless bad news: Greed, deceit, stupidity, corruption,
unethical behavior, lack of moral conscience.
The
real problem’s deep in our character, the “mutant capitalism” Jack Bogle warned
of in “The Battle for the Soul of Capitalism.” Sadly, that battle was lost. With
it we lost our soul, our moral compass. America’s character is measured by our
net worth.
2. We’re already in the early stages of a Great
Depression
Comparing
today with the Great Depression is common sport. In a Newsweek special “Seeing
Shades of the 1930s,” Dan Gross wrote: “Wall Street, after two terms of a
business-friendly Republican president, self-immolated on a pyre of greed,
incompetence and excessive optimism.” Today’s “new normal” economy means high
unemployment for years, inflation driving prices, rising interest rates, more
debt, chaos.
We
are destroying ourselves from within. Former U.S. Comptroller General David
Walker warns that “there are striking similarities between America’s current
situation and that of another great power from the past: Rome.” Three reasons
“worth remembering: declining moral values and political civility at home, an
overconfident and overextended military in foreign lands, and fiscal
irresponsibility by the central government.” We are becoming more vulnerable to
external enemies.
3. Good Depression exposes our self-destruct
bubble-thinking
Before
the 2008 crash, “Irrational Exuberance” author Robert Shiller warned in the
Atlantic magazine that “bubbles are primarily social phenomena. Until we
understand and address the psychology that fuels them, they’re going to keep
forming.” Housing inflated 85% in the decade: “Historically unprecedented … no
rational basis for it.”
Bubble
thinking is an toxic virus that infected everyone. Shiller warns of another
coming: “We recently lived through two epidemics of excessive financial
optimism … we are close to a third episode.”
4. Good Depression will stir outrage, force real
reforms
Writing
in the Wall Street Journal, Jim Grant, editor of the Interest Rate Observer,
wrote: “Why No Outrage? Through history, outrageous financial behavior has been
met with outrage. But today Wall Street’s damaging recklessness has been met
with near-silence, from a too tolerant populace.” Grant worries that Wall
Street will run “itself and the rest of the American financial system right
over a cliff.”
But
we only went to the edge in 2008. Today, a rebellious “throw the bums out”
hostility is blowing a new kind of bubble: Three years ago we did not have Tea
Party, union fights, the Arab Spring and Greek austerity riots, all signs of an
dark angry future sweeping across America.
5. Good Depression forces Wall Street to think
outside the box
In
a powerful Bloomberg Markets feature, “No Easy Fix,” we’re told Wall Street’s
“profit formula has hit a wall.” Their “money-making machine is broken and
efforts to repair it after the biggest losses in history are likely to
undermine profits.”
Even
Mad Money’s Jim Cramer openly admits hedge fund managers are pocketing
megaprofits at capital gains rates while laughing at the stupidity of a broken
political system that gives hundreds of billions in tax breaks to the richest,
then takes taxes off the table as our middle class is dying under massive
unsustainable deficits. Soon angry mobs will “fix” Wall Street.
6. Good Depression will deflate America’s warring
soul
The
American economy is a “war economy” driven by a egomaniac. I saw it firsthand
as a U.S. Marine. Americans love being king of the hill, world’s cop, the
global superpower. Why else spend 54% of our tax dollars on a war machine, 47%
of the world’s total military budgets.
Why?
Our war machine generates such “spectacular profits that many people around the
world” are convinced America’s “rich and powerful must be deliberately causing
catastrophes so that they can exploit them,” warns Klein in “Shock Doctrine.”
No wonder the GOP takes military spending, like tax cuts for the rich,
off-the-table: The war industry is a major political donor.
7. Good Depression now … avoids a far bigger
depression later
In
“The Price of Liberty: Paying for America’s Wars,” Robert Hormats,
undersecretary of state and a former Goldman Sachs vice chairman, traces
America’s wartime financing from the Revolutionary War to present wars. He
warns that today we’re “relying on faith over experience, hoping that sustained
growth will erase deficits and that the ballooning costs of Social Security,
Medicare and Medicaid will be manageable in the coming decades without
difficult reforms.”
Absent
a brutal reset, we are on a historically predictable course says Kevin
Phillips, Nixon strategist and author of “Wealth & Democracy:” “Most great
nations, at the peak of their economic power, become arrogant and wage great
world wars at great cost, wasting vast resources, taking on huge debt, and
ultimately burning themselves out.” Yes, burned out, unprepared.
So
pray for a Good Depression earlier rather than later. Choose now and we can be
prepared for whatever comes. Or a Great Depression will hit later, when we’re
least prepared, the problems bigger, our faith weaker … don’t raise the debt
ceiling.’
Gearing up at the Bohemian Grove THE
PRESS DEMOCRAT | Like everything else that transpires within the
Bohemians’ 2,700-acre enclave along the Russian River, the talks are secret.
Up to 15 years needed to fix Greece: German president Reuters
| Greece will need a lot longer to resolve its debt problems than many
people in Europe are now acknowledging, German President Christian Wulff said.
TSA Chief Pistole Should Face Felony Charges For Lying to
Lawmakers Paul Joseph Watson | Federal agency is
still conducting hand searches of young children despite claiming they were
eliminated last year.
“Let’s Arm The Mexican Drug Cartels With Thousands Of
Guns And Continue To Leave The Border Completely Wide Open” The
American Dream | Right now, some of the most dangerous places to be on
the face of the earth are along the U.S./Mexico border.
ATF’s Fast and Furious Seems Colored With Shades of
Iran/Contra Scandal narcosphere | Congressional
Inquiry Raising Specter of Spooks in the Soup
Humanity vs. the Rise of the Machines Infowars
| Society’s ruling elites have long ago pressured us to become mere ‘cogs in
the machine.’
Stop TSA Molestation: Ron Paul Introduces American
Traveler Dignity Act of 2011 Kurt Nimmo | Real
security will be achieved when airlines are once again in charge of protecting
property and passengers.
Agenda 21 in New York State — Home Rule and Article X Sartre
| Your local government is viewed as an impediment to the Agenda 21.
TSA Lied to Lawmakers: Still Conducting Pat Downs on
Children Paul Joseph Watson | Federal agency is
still conducting hand searches of young children despite claiming they were
eliminated last year.
William
and Kate land in California
(Washington Post) [ Drudgereport: THEY'RE
HERE! [ Uh! That ‘nausea’ factor; though not nearly of the magnitude
of america’s unctuous duo, ‘wobama the b’ (for b***s***) and michelle his belle
(see infra). After all, the cloyingly cutesy couple from across the pond is
hardly in a position to do damage as are the wobamas. Yet, one must ask: just
what exactly are they? Mascots? Non-emmissary emissaries? Indeed, in this
economy it’s quite embarrassing for members of the so-called commonwealth,
struggling economically and otherwise, england/uk being no exception (royals
wealth’ is ultimately the product of common expense) to be celebrating
celebrity for the sake of nothing more than celebrity. Worse is the pathetic
display here in the defacto bankrupt disunited states (uk not much better and
in many ways worse) relative to their former colonial masters. Then there was
that ostentatious marriage display so well publicized even as the uk’s (eu,
u.s. et als) ‘rank and file’ are sacrificing and the respective nation states
crumbling. Even so-called celebrities here shun such meaningless displays of
themselves and at least serve a cinematic (art form) purpose. Truth be told, I
bear them no ill will; but, I bear them no good will either. After all, quite
simply, they are but a meaningless, extravagantly costly welfare couple that
are simply irrelevant. How pathetic and embarrassing for their fans, followers,
onlookers and their liege. And, though I’m biased (I think Grace Kelly to have
been the most exquisite of creatures to have graced this earth – Alfred
Hitchcock with an eye for such things thought so too and said as much), clearly
Prince Albert of Monaco and his bride’s wedding was tastefully and not
cloyingly about right. Now that’s real royalty via Grace Kelly; with a purpose;
the management / leadership of a prime travel / gambling / entertainment /
resort destination; viz., Monaco. ] Princess
Diana Conspiracy Movie Headed to Theaters... [ British
queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by
security scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ …
that is … Diana
film causes stir at Cannes
“Unlawful Killing” has a combination of celebrity, controversy and canny
hype-mongering. (Washington Post) [
Let’s not kid ourselves … and, Dodi Fayed’s father was no dope and knew the
score. Indeed, it’s not coincidental that William’s the over-riding favorite of
granny Liz II; after all, Harry’s the bastard son of Hewitt (don’t buy into
their DNA proffer which they did buy – you know, that ‘bloodline thing’).
Moreover, it was reported that Diana had another ‘potential challenger in the
oven’ at the time of her death and we all know how dicey such english affairs
of state can be (ie., Henry VIII, Richard III, etc.). Then there’s the contempt
of Diana for having brought the son of her bosom, Chas, down. Do I think she
said flat out ‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als.
Ultimately, William will require some substantial therapy to sort out this
looming conflict. After all, Diana was his mother. Drudgereport: British
woman decapitated in grocery store; killer flees with head... Cannes:
Diana doc slams UK royals as 'gangsters'... ]
Drudgereport: Protesters
burn American flag during Obama visit to Puerto Rico -- a
U.S. territory... [ I find even his retirement costs
objectionable. Obama: My
family is ‘fine’ with one term Politico | President Barack
Obama says his family is “not invested” in a second term. The unctuous
pandering by the wobamas is nauseating. And, michele’s fundraisers? What’s up
with that? Wobama’s
such a glomming golem / slug. Obama
says if he were Weiner, he’d resign
President Obama on Monday waded into the debate over whether embattled
Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to
be with your Presidential camp, who is alleged to claim that someone claiming
to represent me called asking for $100,000, to keep me from coming forward
about our (Obama and I) November 1999 encounter of sex and cocaine use?), ...
Obama is just another Banksters' moll prostituting himself .., and that's why
he supported the grotesque bail-out of the banking system and why he will
always put their interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv
Fluoride
consumption leads to brain damage, says study Natural News |
It is becoming increasingly difficult for fluoride fanatics to defend the
practice of artificial water fluoridation, thanks to a plethora of new reports
highlighting its many dangers.
War
Declared on "War on Salt"at Minyanville
NASA astronauts trial urine sports drink
Sydney Morning Herald The crew of Atlantis, the final mission of
the US space shuttle program, are testing a urine recycling system developed by
NASA that is capable of turning astronauts' pee into a tasty sports drink. [
This story’s a ‘real pisser’! Yuk! ]
Senate
Dems draft debt-reduction plan Proposal would slice $4 trillion over the
next decade without touching expensive programs. (Washington Post) [ Oooooh …
riiiiight! Over 10 years … that’ll happen; you can rely on them to do it …
Not!. Deficit
flip-flop Obama goes from do-nothing to demagogue. (Washington Post) [
Well, if the shoe fits … (it does) … (he) wear(s) it … Come on! Nothing ‘wobama
the b’ (for b***s***) says has meaning or substance beyond the ephemeral
soundbite. He’s a totally failed president, like dumbya bush et als before him
and in many ways worse owing to his penchant for lending ‘no meaning’ to his
words. He’s pathetic! That’s reality! He’s totally incompetent like those
others before him and lacks even basic understanding of the core issues
confronting the nation (ie., economics, finance, and, surprisingly since it’s
the easiest to fare well at owing to pervasively corrupt-defacto-bankrupt
america’s (though rapidly declining) position, global geopolitics. Unconstitutional
for Obama to Raise Debt Ceiling Without Congress Peter Roff ‘Alibi’
Obama Who is best to run against the president and his excuses? (Washington
Post) [ Yeah! Really quite true! Wobama the b (for b***s***) is all excuses,
all b***s***. But, don’t strain yourself. It really doesn’t matter since
wobama’s a failed president whose failure speaks for himself (and his
teleprompter). As such, it matters very little who, since whoever, beats wobama
hands down. He has a record of failure and actions that have consistently
belied his words. Indeed, wobama’s a fraud in the inducement (campaign
promises) and a fraud in the factum (in fact). As failed as dumbya bush,
there’s a nausea factor that’s become attached to wobama(s) like no
other(s). Drudgereport: POLL:
Obama 42%, any
Republican 46%...
OBAMA:
LET'S STAY IN IRAQ...
FLASHBACK:
'I intend to remove all U.S. troops from Iraq by the end of 2011'...
Campaign
signals fundraising fail...
UPDATE:
Minnesota Government Shuts Down...
Washington
state closes tourism office...
Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya...(FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...)
GETTING
NERVOUS
NEWT:
Obama 'most successful food stamp president in American history'... ]
Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen america.
Indeed, the scenario typifies that national drain / sinkhole new york (new york
/ new jersey metro) where, for example, FBI informants were routinely exposed
by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings /
Volkman Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Jobs
report dulls economic outlook Data challenge the idea that economy was held
back by temporary factors that occurred in the first few months of 2011.
(Washington Post) [ Oh come on! Let’s get real here and call a spade a spade!
This is pre-election year and as good as it gets. Then there’s the fudge / fake
/ false factors that require substantial discounting, if not disbelief of
anything they say (I don’t believe anything they say). The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business
Insider Weisenthal Economic scenario far worse
than expected (and in this pre-election year the reality is still far worse
than reported), yet stocks still rallied off lows to keep suckers sucked in to
this fraudulent market Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12
charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Stocks rally on
jersey-based, former Lautenberg ADP still paltry, better than expected 157,000
private jobs number and one’s got to wonder ‘who got paid’, one way or another,
for the fudge. Then there’s the horrific ‘american tech’. Retail? The defacto
bankrupt government’s probably buying with money they don’t have, at best; and,
as with other data in these desperate pre-election-year times, plain false,
falsified, fudged, spun. Previous day, all bad news … from eurozone (protugal,
et als), to asia zone (china worse than expected), to america (where to begin,
from defacto bankruptcy, to debased currency, to insurmountable debt / dervice,
to pervasive corruption, etc.) … stocks rally on fraud and b***s*** alone. Previous, higher oil price rally, along with Netflix
‘technology rally’ … Don’t make me laugh! … Total desperation on wall street
and in Washington … How pathetic! … Jobless claims at 428,000 much worse than expected;
and, don’t forget, these are desperate ‘pre-election times’ when regardless of
factual reality (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt
chicago ISM is up as even their youth gangs are showing increased criminal
activity which probably accounts for the rise; ie., meth, crack labs, etc.?)
data / reports are fudged / faked / spun. Foreclosure, distressed sales
up, at least on paper with contracts signed, so no surprise nor reason to cheer
here, as markets worldwide jump on the american crazy train for a short-lived
bounce as all problems remain. This is the same month
end (and quarter, half) spurt / window dressing based on b***s*** alone to keep
the suckers suckered and an especially great time to sell / take profits since
there’s much worse to come! Talk about milking the greek crisis for the
umpteenth time a so-called solution (and there are loads of greecy scenarios
worldwide … I don’t think so and
neither does Schaeffer who says: ‘…even once such a package is passed it only buys time. Actually fixing
the fiscal condition of Greece is not something that can be solved in a matter
of weeks, or even months…‘ but it’s great press for the
churn and earn and to keep the suckers suckered. Technology
rally? Defacto bankrupt american technology is horrendous but great sizzle for
the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new
greecy b.s. factor. The
rally into the close and the previous so-called (4 day) ‘rally’ was based on
b***s*** alone to keep the suckers suckered and for ‘smarter money ‘ along with
the frauds to sell into. This is an especially great opportunity to sell / take
profits while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times.
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th– so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell
[video]Anemic
Hiring Sparking SellingTheStreet.com TV
Top 3
Reasons Markets Were Down After the BLS Jobs Report July 8, 2011 Wall St. Cheat Sheet ‘Markets closed down on Wall Street today: Dow -0.49%
, S&P -0.70% , Nasdaq -0.45% , Oil -2.31% , Gold +0.85% .
On the
commodities front, Oil (NYSE:USO) made another reversal, falling back
down to $96.39 a barrel after yesterday’s $2 jump. Precious metals continued to
rise, with Gold (NYSE:GLD) up to $1,543.50 an ounce and Silver (NYSE:SLV) up
0.48% to $36.71 an ounce.
Today’s
markets were down because:
1) Jobs
report. Jobs report. Jobs report. Did I mention jobs report? The Bureau of
Labor Statistics released their monthly jobs report this morning, which showed
next to no job growth in June, and actually showed that unemployment had
increased by 545,000 since March. The report also showed that May’s job growth,
originally reported at 54,000, was really less than half that figure. For that
reason, the Dow (NYSE:DIA), S&P (NYSE:SPY), and Nasdaq (NASDAQ:NDAQ) all
dropped about 1% this morning, though they have recovered somewhat since then.
2)
Conglomerate stocks took a hit . Big conglomerate stocks with high trading
volumes like General Electric (NYSE:GE), Emerson Electric (NYSE:EMR), Tyco International
(NYSE:TYC), United Technologies Corp. (NYSE:UTX), and Textron Inc. (NYSE:TXT)
all suffered major losses on the markets today. The best faring of the five was
Textron Inc., shares of which were down 0.68% today. The five heavily traded
stocks all trade on the NYSE, helping to bring down the whole index, where
decliners outnumbered advancers today, two to one.
3) Capital
goods weighed down the markets. Capital goods stocks were also a heavy weight
on the NYSE, with Honeywell International (NYSE:HON), Cummins Inc. (NYSE:CMI),
Caterpillar (NYSE:CAT), Deere & Company (NYSE:DE), and even Boeing
(NYSE:BA) all down 1% to 2%. The one bright note is that BA, DE, and CAT are
all recovering somewhat in after-hours trading…’
[video]
Bad Jobs Report Causes Broad Sellingat TheStreet.com
Investing
in Commodities: Warren Buffett Says “The Dollar Is Going to Get WorthLess Over
Time!”Wall St. Cheat Sheet
Lousy jobs
number complicates debt deal for both Obama and GOP - By Jim Tankersley National
Journal June's woefully underwhelming increase in jobs is a climactic twist in
the negotiations between President Obama and congressional Republicans over
federal borrow... The Lost
Decade: Bill Clinton on how to spur job growth and the economy [ Come on! Let’s get real now! The ‘c man
who does what he did because he could’, clinton was the unequivocal benefactor
of the peace dividend courtesy of Reagan / Gorbachev, the latter playing a
greater role than credited; such role being rishy for him and his and a
testament to the rational ,courageous, and civilized traits inherent to the
Russian people. You’ll not see such rationality among the war mongering,
pervasively corrupt american though defacto bankrupt.
Ugly
Job Chart Just Got Uglier; Investors Doubt Washingtonat Forbes
Hard
to Call This the Best Job Recovery in 25 Years at The Wall Street
Journal Mark Gongloff ‘We just got a note from perennial market
cheerleader James Paulsen of Wells Capital Management, who tried to goad us to
look past the grim jobs report by yell-typing:“As Bad as the current monthly
numbers are (and there is no other way to paint them), believe it or not, the
job market is still “making progress” this year and is still doing as well or
even better at the two year mark than either of the last two recoveries (1991
and 2001) during the last quarter century!!!?”Sorry, Jim, but this chart, often
posted at Calculated
Risk, makes me question the validity and/or relevance of this claim.http://s.wsj.net/public/resources/images/OB-OQ628_jobs_E_20110708161723.jpg
“In terms of lost payroll jobs, the 2007 recession is by far the worst since
WWII,” writes CR.’
STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business
Insider Joe Weisenthal, On Friday July 8, 2011 ‘Crazy end to a crazy week! But
first, the scoreboard:
Dow: -64.86
NASDAQ: -13.06
S&P 500: -9.51
And now, the
top stories:
- The first thing you need to realize is that
stocks have been riding a really wild, 8-day winning streak, which has
wiped out basically all losses for the year. The ride up was jaw-dropping,
as fears about the economy and Europe moved to the back burner.
- All those fears came back with a vengeance
today. Italy is suddenly looking like a huge wreck.
If it got to be a Greece-like situation, it would be exponentially more
problematic. The economy is mediocre, and the political situation is a mess. People are dumping
banks and bonds. This is scary stuff.
- US markets were basically serene about the whole
thing in anticipation of the jobs report at 8:30 AM. Everyone was
expecting good things after two weeks of decent data, strong markets, and
yesterday's killer ADP number. And then it was a total disaster on
virtually every level. Nobody found a silver lining at all. You can see the ugly details here.
- Naturally, stocks instantly tanked on the news.
The Dow fell over 100 points in early going. It looked like the wheels
could come off, and again, given the huge runup. But then, markets
rebounded. Granted, it was still a tough day, but 65 points lost on the
Dow? Please. That could have easily happened on better news.
- What's more, in terms of corporate movers, some
of the hot momentum names gained: SodaStream, LinkedIn, Apple, and Netflix
(!) all closed higher. Banks got whacked.
- Now click here to see the new scariest jobs chart ever > http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg
- http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7
12 Really bad current economic charts from the St. Louis Fed: http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7#the-broadest-measure-of-employment-remains-near-multi-decade-lows-1 ‘
Top
Obama adviser says unemployment won’t be key in 2012 Ian Swanson
| Obama’s senior political adviser David Plouffe said people won’t vote in 2012
based on the unemployment rate.
White
House Adviser Austan Goolsbee: ‘This Is Not A Double Dip’ Reuters | Goolsbee says
U.S. economy is not facing a double-dip recession [ But rather is in the midst
of a continuing downturn soon to be recognized as the depression this decline
already is, despite the nation-bankrupt spending of money not really there to
obfuscate and cover up that fact. ]
Unconstitutional
for Obama to Raise Debt Ceiling Without Congress Peter Roff
| President Barack Obama, we have been told many times, is a constitutional
scholar.
US
Needs To Generate 254,000 Jobs A Month For 65 Months To Get To Pre-Depression
Employment By End Of Obama Second Term Zero Hedge | There
is no way in hell the US economy can create a quarter million jobs per month
from now for the next 65 months.
Economic
slump linked with soaring suicide rates in Europe UK Daily Mail |
The financial crisis that swept Europe almost certainly led to an increase in
suicides, according to health experts’ research.
Retirement
Fund Plunder Update: $206 Billion So Far, $62 Billion Left Tyler
Durden | As of today, since the debt ceiling breach on May 16, the
Treasury has plundered about $206 billion from the two primary retirement
accounts.
Economics
of the insane: Obama’s stimulus cost $278,000 for each new job created Natural
News | There is a reason why libertarian economists want the
government to stay out of the business of business – it’s because government is
not good at it.
Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py
… Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times.
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Paul B. Farrell: 7 reasons U.S. needs a Good Depression now By Paul
B. Farrell, MarketWatch SAN LUIS
OBISPO, Calif. (MarketWatch) — ‘No, do not raise the debt-ceiling. You heard
me: Block the debt ceiling vote. Don’t raise it. America’s out-of-control. A
debt addict. Time to detox. Deal with the collateral damage before it’s too
late.
We
need to fix America’s looming credit default, failing economy and our
screwed-up banking system. Now, with a Good Depression. If we just kick the can
down the road one more time, we’ll be trapped into repeating our 1930’s
tragedy, a second Great Depression…’
GOP’s
incoherence on debt The GOP’s ideologically incoherent approach to the
debt-limit debate. (Washington Post) [
Oh come on! We all know, at the end of the day, neither dems or doze’ gops will
have accomplished anything of significance / substance to stem the tide of
their own self-created failures. Just more of the same, failed, disingenuous
approach and spin to what is otherwise, too little, too late. Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Parties
spar over debt deal Republicans are now willing to close some tax loopholes
as part of a deal to raise the debt limit.
(Washington Post) [ Oooooh! Doing the
people’s work, by hook or by crook … the former descriptive of what they are,
the latter descriptive of what they do … Instead
of Funding Retirement Accounts As Mandatory, Treasury Proceeds To Plunder The Most
Since Debt Ceiling Breach Tyler Durden | Instead of
putting in even one penny into G and CSRD Funds, Tim Geithner has decided to
defraud government retirees by the most since the US debt ceiling was
breached. And, not just the government:
Will Your Private
Pension Be Worthless? Mac Slavo | We know the Federal and
State governments are in serious fiscal trouble. States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 President
summons lawmakers With just over two weeks remaining, Obama calls lawmakers
to White House to break debt stalemate.
(Washington Post) [ Summons?
‘Wobama the b’ (for b***s***)? Romney is quite correct, At
N.H. town hall, Romney says Obama has made the economy worse (WP) ; but,
not just the economy. There is anything about what a president does that wobama
hasn’t failed at other than that ever so smooth jive-talkin’ he does that I
find beyond the pale that anyone is even listening to his b***s***; or rather,
Mr. Teleprompter’s words written / scripted by who knows who. What we do know
is that what he says has absolutely no meaning beyond the saying of the words
which flow so trippingly o’er his tongue. His political opportunism /
soundbites / appearances along with ‘michelle his bell’ have become so unctuous
and predictably transparent that they have become nauseatingly unwatchable.
Summons? He’s not worthy of respect much less attention; particularly owing to
his own abandonment of precepts and promises upon which he ran and for which he
was elected. He’s a total embarrassment!
U.S.
debt limit affects world finances The stand-off between congressional
Republicans and the Obama administration over raising a legal limit on how much
the nation can borrow has been filled with dire warnings about what will happen
if the U.S. government fails to pay its debts. (Washington Post) [ Stand-off …
that’s rich … or in terms of prevalence and consequence, poor. The term brings
to mind, in a manner of speaking, a shoot-out. And, further brought to mind is
a visual where all pervasively corrupt, defacto bankrupt america’s venal,
incompetent politicians / power-brokers / lobbies / players form a big circle
and in unison fire at will at the invisible target in the middle. Parties
at odds on deficit reduction Lawmakers in both parties plot strategies that
could make the deal difficult to find common ground. (Washington Post) [ Yes …
Odds on … favorite … a lose / lose solution. The realistic scenario brings to
mind that old adage that, ‘you can’t make a silk purse out of a sow’s ear’ …
and, yeah, the reality is all that bad. A
debt ceiling leadership failure On Leadership | Congress’s failure to fix
the budget deficit is due to fundamental differences of opinion on the role of
government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the
budget stalemate) falls (Washington Post) [Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th– so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com [ Oooooh! Bring in the big guns;
viz., ‘wobama the b’ (for b***s***) … sounds like a plan! After all, ultimately
it’s Mr. Teleprompter who’ll have the final say; and, it seems like wobama’s
got a lock on that ‘relationship with Mr. T; you know, ‘pecking order’ kinds of
stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to the
influx of immigrants to this young nation who turned out to be more a virus to
the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Is
growth poised to strengthen? Friday’s numbers on the job market will test
analysts’ theory. (Washington Post) [ Come on! Lets get real here! Does anyone
really think they are going to get anything but a fudged / fake report / data
tomorrow owing to their ever increasing desperation in this pre-election-year
marked by their snowballing prior failures including complicity in the still
extant crisis producing wall street frauds ( ie., FASB rule change ‘mark to
anything’, no prosecutions of the high level fraudsters / banksters, etc.). Unemployment
Claims, Jobs Numbers Don't Jibe Denninger .. Planned
Job Cuts Increase by 12% In June, Second Sequential Increase Tyler
Durden | Forget new job formation..The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! Stocks rally on
jersey-based, former Lautenberg ADP still paltry, much better than expected
157,000 private jobs number and one’s got to wonder ‘who got paid’, one way or
another, for the fudge. Then there’s the horrific ‘american tech’. Retail? The
defacto bankrupt government’s probably buying with money they don’t have, at
best; and, as with other data in these desperate pre-election-year times, plain
false, falsified, fudged, spun. Previous day, all bad news … from eurozone
(protugal, et als), to asia zone (china worse than expected), to america (where
to begin, from defacto bankruptcy, to debased currency, to insurmountable debt
/ dervice, to pervasive corruption, etc.) … stocks rally on fraud and b***s***
alone. Previous,
higher oil price rally, along with Netflix ‘technology rally’ … Don’t make me
laugh! … Total desperation on wall street and in Washington … How pathetic! … Jobless claims at 428,000 much worse than expected;
and, don’t forget, these are desperate ‘pre-election times’ when regardless of
factual reality (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt
chicago ISM is up as even their youth gangs are showing increased criminal
activity which probably accounts for the rise; ie., meth, crack labs, etc.?)
data / reports are fudged / faked / spun. Foreclosure, distressed sales
up, at least on paper with contracts signed, so no surprise nor reason to cheer
here, as markets worldwide jump on the american crazy train for a short-lived
bounce as all problems remain. This is the same month
end (and quarter, half) spurt / window dressing based on b***s*** alone to keep
the suckers suckered and an especially great time to sell / take profits since
there’s much worse to come! Talk about milking the greek crisis for the
umpteenth time a so-called solution (and there are loads of greecy scenarios
worldwide … I don’t think so and
neither does Schaeffer who says: ‘…even once such a package is passed it only buys time. Actually fixing
the fiscal condition of Greece is not something that can be solved in a matter
of weeks, or even months…‘ but it’s great press for the
churn and earn and to keep the suckers suckered. Technology
rally? Defacto bankrupt american technology is horrendous but great sizzle for
the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new
greecy b.s. factor. The
rally into the close and the previous so-called (4 day) ‘rally’ was based on
b***s*** alone to keep the suckers suckered and for ‘smarter money ‘ along with
the frauds to sell into. This is an especially great opportunity to sell / take
profits while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times.
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th– so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell
ECB
battles defaults in Europe The European Central Bank opposes debt
restructuring. Is it standing in the way of a solution? (Washington Post) [
Amazingly, and they really didn’t have to, europe / eu jumped on the american
crazy train to their eternal, if not ephemeral (in the sense that the eu
doesn’t even survive), detriment. What were they thinking when they jumped on
this crazy american bandwagon to ‘hell-in-a-handbasket’. They otherwise would
have been well positioned as a voice of reason from a global perspective with
all the attendant economic benefits that rationality can yield. Rather, they’ve
given credence to the old adage that ‘apples don’t fall far from the tree’,
conversely speaking. How tragic! Global Stress Points by Oxford Analytica http://en.wikipedia.org/wiki/Oxford_Analytica 20
Warning Signs of a Global Doomsday
- Dollar Collapse
- Taiwan / China Armed Hostility
- Israel / Iran Armed Conflict
- Mexico State Hollowing
- Global Protectionism
- Latin America Hydrocarbon Disruption
- Iraq State Institutions Collapse
- Russia Military Aggression
- End of Euro
- India / Pakistan War
- Pakistan State Collapse
- Argentina Sovereign Default 2.0
- North Korea Military Conflict
- War in North Africa
- Lebanon Civil War
Could
One Wrong Policy Move Bring Down the Markets? at Minyanville By Lloyd Khaner Jul
06, 2011 Sovereign debt, inflation and the threat of a catastrophic policy
mistake in China or the U.S. top our list of investors' fears this week.
Moody's
cuts Portuguese debt, China raises interest rates, and Wall Street
understandably gets the jitters. Indeed, caution rules the day, week and entire
season as the world's largest economies will face make-or-break junctions all
summer long. Are the policy makers in China, the U.S., and Europe prepared to
make the right call every time, or will one faulty decision ("insane" bickering over the debt ceiling, for
example) bring ruinous upheaval to our global markets?
This week, Lloyd's Wall of Worry remains high at 19 blocks. For more on how to
use this column as an investing
tool, see "What is Lloyd's Wall of Worry?" below, or check out the graphic version of this page. For a look at the the
specific worries making investors nervous this week, keep reading.
QE II: Did we just have a Y2K non-moment?
U.S. ECONOMY: Not too hot. Not too cold. Just right…Not.
UNEMPLOYMENT: The economists describe it as “structural” and say that we must
be patient. Of course when the economists start losing their jobs, the
unemployment problem will then be “catastrophic” and in need of immediate
action.
U.S. DEBT CEILING: The countdown clock du
jour is ticking away. Will a deal get done so congress can go on vacation
for the month of August you ask? Is money green, I respond.
INVESTOR SENTIMENT: Is there a mercy rule for stock
market inflicted psychological damage?
HOUSING CRISIS: The residential housing quicksand deepens….
INFLATION: The U.S. Misery Index hits a 28-year high (that’s back to 1983 says
my slide rule) at the same time that headline Inflation becomes a concern. No
such thing as a coincidence in Money Land.
STOCK MARKET TECHNICALS: Pinball zinging back and forth off the trading
range bumpers. Tilt!
OIL PRICES: There’s no need to fear, the IEA and SPR are here! This better
work.
ARAB SPRING: New Guy! New Guy! The Republic of Sudan enters the awakening as
springtime moves its way down the African continent.
LIBYA: Mo-Mo is just daring NATO to put boots on the ground while at the same
time working backroom deals to end the war. He’s crazy like a fox, a really
old, megalomaniacal, fox.
JAPAN: Rumors spreading of a V-Shaped financial
recovery bursting from the land of the rising sun. Talk about just what the
doctor ordered.
CHINA:
Developing a taste for Eurobonds that may rival the one they have for U.S.
Treasuries. Bon Appetit!
EARNINGS SEASON: Will they hold up or are we standing like Wiley E. Coyote on a
momentarily suspended cliff’s edge? Beep-Beep! ...Poof.
SOVEREIGN DEBT: No need to fear. Any defaults will be “selective” or “partial”
or “temporary.” Whew! Oh, and all owners of this debt are instructed to employ
their “voluntary suspension of disbelief” when viewing the ensuing destruction
of capital as well.
COMMODITIES: Dropping fast and furious. Let’s hope the products they go into --
clothes, food, gasoline -- drop in price just as fast.
POLICY MISTAKE: Spin the wheel! Who will be first? The U.S., the EU or China?
Spin the wheel....
EUROPEAN CENTRAL BANK: New president, old problem, same solution. S.O.S.
GREECE: Next bout on the Grecian undercard: The Greek God of Austerity vs. The
Greek God of Union Workers…’
National / World
Los Zetas Kingpin: We Bought Guns Directly From U.S.
Government Paul Joseph Watson | Revelation
heightens supicions that Fast and Furious was an Obama administration plot to
undermine Second Amendment.
New Bill Introduced in House Asks Citizens to Voluntarily
Pay Down National Debt Kurt Nimmo | Government
thinks you’ll actually consent to surrendering even more of your income to the
bankers.
Will NATO Resurrect Operation Gladio To Frame Gaddafi? Paul
Joseph Watson, Alex Jones & Kurt Nimmo | Libyan leader’s threat to
attack Europe could provide NATO with the perfect pretext to launch a full
ground invasion.
“Belly Bombs” Terror Hype Is Easily Debunked Steve
Watson | The facts show that the idea is a total myth.
Van Rompuy, NATO Boss to Meet with Libyan al-Qaeda Rebels
Kurt Nimmo | National Transitional Council member
Mustafa Abdel Jalil from Haribi tribe linked to al-Qaeda.
FBI Claims Oklahoma City Bombing Tapes Missing Kurt
Nimmo | Jesse Trentadue says the tapes will prove others were involved
in the plot that resulted in the death of 168 people.
U.S. Wants Gaddafi Toppled By September Paul
Joseph Watson | Obama and Sarkozy look to end Libya conflict before
restart of Israeli-Palestinian talks in Paris.
VIPR Searches and the American Citizen: ‘Dominate.
Intimidate. Control.’ NJToday.net | The transition
to a police state will not come about with a dramatic coup d’etat.
Los Zetas Kingpin: We Bought Guns Directly From U.S.
Government Paul Joseph Watson | Revelation
heightens supicions that Fast and Furious was an Obama administration plot to
undermine Second Amendment.
Ron Paul: 9/11 Was Caused By Government Banning Guns on
Planes You Tube | Congressman Ron Paul tells Fox
News that not allowing Americans to carry firearms on jumbo-jets “set the stage
for 9/11.”
Obama’s New Gun Safety Rules To Anger Firearms Owners New
American | The proposal is expected to anger both gun advocates and
gun opponents.
Woman Faces 93 Days in Jail for Planting Vegetables in
Her Front Yard Fox News Detroit | 93 days in jail
over a vegetable garden. For a regular mom with several great children.
Will NATO Resurrect Operation Gladio To Frame Gaddafi? Paul
Joseph Watson, Alex Jones & Kurt Nimmo | Libyan leader’s threat to
attack Europe could provide NATO with the perfect pretext to launch a full
ground invasion.
“Belly Bombs” Terror Hype Is Easily Debunked Steve
Watson | The facts show that the idea is a total myth.
U.S. Wants Gaddafi Toppled By September Paul
Joseph Watson | Obama and Sarkozy look to end Libya conflict before
restart of Israeli-Palestinian talks in Paris.
‘NATO kills 10 civilians for every troop targeted,
destroys children’s facilities’ RT | Rebel fighters
in Libya have blamed a lack of ammunition, and a lack of NATO support, for
their failure to advance towards the capital Tripoli.
Rick Rozoff | Last week the U.S. reportedly launched its first
drone attack inside Somalia. [ Truth be told, I’m for any and all bombing of
Somalia! ]
Deficit
flip-flop Obama goes from do-nothing to demagogue. (Washington Post) [
Well, if the shoe fits …(it does)… (he) wear(s) it … Come on! Nothing ‘wobama
the b’ (for b***s***) says has meaning or substance beyond the ephemeral
soundbite. He’s a totally failed president, like dumbya bush et als before him
and in many ways worse owing to his penchant for lending ‘no meaning’ to his
words. He’s pathetic! That’s reality! He’s totally incompetent like those
others before him and lacks even basic understanding of the core issues
confronting the nation (ie., economics, finance, and, surprisingly since it’s
the easiest to fare well at owing to pervasively corrupt-defacto-bankrupt
america’s (though rapidly declining) position, global geopolitics. Unconstitutional
for Obama to Raise Debt Ceiling Without Congress Peter Roff ‘Alibi’
Obama Who is best to run against the president and his excuses? (Washington
Post) [ Yeah! Really quite true! Wobama the b (for b***s***) is all excuses,
all b***s***. But, don’t strain yourself. It really doesn’t matter since
wobama’s a failed president whose failure speaks for himself (and his
teleprompter). As such, it matters very little who, since whoever, beats wobama
hands down. He has a record of failure and actions that have consistently
belied his words. Indeed, wobama’s a fraud in the inducement (campaign
promises) and a fraud in the factum (in fact). As failed as dumbya bush,
there’s a nausea factor that’s become attached to wobama(s) like no
other(s). Drudgereport: POLL:
Obama 42%, any
Republican 46%...
OBAMA:
LET'S STAY IN IRAQ...
FLASHBACK:
'I intend to remove all U.S. troops from Iraq by the end of 2011'...
Campaign
signals fundraising fail...
UPDATE:
Minnesota Government Shuts Down...
Washington
state closes tourism office...
Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya...(FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...)
GETTING
NERVOUS
NEWT:
Obama 'most successful food stamp president in American history'... ]
Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception for
the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered
by the purveyors of global unrest; viz., israel, america, Orwellian england,
etc.; more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Top
3 Reasons Markets Were Up Despite Continuing Debt Crises Wall St.
Cheat Sheet
With QE2
Dead, Are We Staring Down a Bull or Bear? By
Benzinga.com Jul 05, 2011 ‘…we're in for doom and gloom in the future. With no
bullets left in the gun for Bernanke to fire …, the government may not have the
means to stop the panic a second time. Things could get ugly in a hurry…’
Here's
How the Stock Market P/E Could Fall to 10 at The Wall Street Journal By Mark Gongloff [Click for larger image http://s.wsj.net/public/resources/images/OB-OO990_megaca_D_20110705113832.jpg ]
‘One of the most convincing cases often
made by the stock-market bulls is that stocks are super cheap, with interest
rates at rock bottom and the S&P 500 trading at just 13 times forecast
earnings for the 2011. But the market may not be as cheap as it appears — and
it could get a lot cheaper, according to a note today from Morgan Stanley
equity strategist Adam Parker.
First, Mr. Parker shoots all kinds of
holes in the market-is-cheap theory. For one thing, the market is only slightly
cheaper today than its average forward P/E of 13.6, dating back to 1976.
And the market isn’t cheap at all using
other ratios, such as price-to-sales (1.4x, compared with a long-term average
of 1.1x), price-to-book (2.3x compared with a long-term average of 2.2x) or
price-to-trailing earnings (16.1x compared with a long-term average of 17.8x).
Meanwhile, the S&P 500′s
dividend yield of just 1.7% is way below an average of 2.7% dating back to
1964.
And this one is maybe the most
interesting: Mr. Parker argues that the biggest-cap companies are providing
most of the stock market’s cheapness, leaving the rest of the market fairly
valued. If the biggest 30 stocks are excluded, the market’s forward P/E ratio
is 13.5x, nearly matching the historical average. The biggest 30 stocks are
trading at 11.5x forward earnings (an echo of the WSJ story today about how
investors have abandoned big-cap tech).
“Our view is that the mega caps are
undervalued and the rest of the market (stocks 31 through 500) are modestly
overvalued,” Mr. Parker writes.
And now the kicker: The market will
likely get even cheaper. Analyst earnings forecasts are now way above their
long-term average, up 18.4% in the past year, compared with an average over the
past 20 years of 7.91%. Earnings forecasts seem likely to fall back to earth,
which alone could drive the market’s forward earnings multiple down to 10.6x,
Mr. Parker estimates.
Meanwhile, Mr. Parker estimates that
inflation-adjusted earnings growth has averaged 3.77% since 1948, and it will
likely be lower than that in the next 10+ years, hurt by higher inflation and
slower and more volatile economic growth around the world.
If he’s right, then the market is more
expensive now than it seems. His forecast is that forward P/E will fall to 10.
Update: A commenter raised the issue of cash —
the top 1500 companies have some $1.5 trillion in cash sitting on their balance
sheets, fuel for future growth, stock buybacks, dividends, etc. That should
make the market more attractive, but Mr. Parker dismantles this one, too,
saying companies have net debt near pre-Internet bubble levels, that much of
the cash is overseas and must be repatriated and that investors have been
cutting the premium they’re willing to pay for corporate cash in recent years.’
S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell ‘Are equities positioned for a nosedive? [Unequivocally, yes!
Jobless claims at 428,000 much worse than expected; and, don’t forget, these
are desperate ‘pre-election times’ when regardless of factual reality (ie.,
fake reports, data, as, ie., ‘wobama hometown’ corrupt chicago ISM is up as
even their youth gangs are showing increased criminal activity which probably
accounts for the rise; ie., meth, crack labs, etc.?) data / reports are fudged
/ faked / spun. Foreclosure, distressed sales up, at least on paper with
contracts signed, so no surprise nor reason to cheer here, as markets worldwide
jump on the american crazy train for a short-lived manipulated bounce as all problems remain. This
is the same month end (and quarter, half) spurt / window dressing based on
b***s*** alone to keep the suckers suckered and an especially great time to
sell / take profits since there’s much worse to come! ]
What is
Making Stocks Rally? ‘ … Here are some of the
headlines featured last week:
'Greek default
could trigger chain reaction' - AP
'Why Wall
Street still says buy, and you shouldn't' - AP
'Is the bull
market over?' - Barrons.com
Interestingly,
the Barrons.com article commented that: 'A look at four different sentiment
measures suggests that more pain may await investors.' …’
4
Hurdles the Markets Must Clear to Make Progress in Coming Months - at
Minyanville MoneyShow.com ‘I have to admit I was surprised by last
week’s huge stock market rally.
The Dow Jones Industrial Average soared nearly 650 points in five trading
sessions, while the S&P 500 gained 5.6% and the Nasdaq Composite rose 6.2%.
Yet maybe because I didn’t expect it, I just don’t trust it. So much movement
on so little volume—and not much news to drive it, except the latest tentative
settlement on Greece.
And until Tuesday, oil and gold—two of the primary movers in the “risk-on”
trade that drove the market from its lows of last summer—either barely
participated or fell.
That’s one reason I suspect, but can’t prove, that the stock rally was
dominated by pros looking to push up prices and exit their positions ahead of
earnings season.
I’m still pretty cautious about the market this summer. Unless we see big
improvement in the economy, which I don’t anticipate, the fundamental underpinnings
are pretty weak. And there’s little prospect of the massive government and
central-bank interventions that helped drive stocks higher last year.’
Investing
Dying as Computer Trading, ETFs & Dark Pools Proliferate - at
CNBC Melloy [ The thrust of this
article is the manipulation on fraudulent wall street in the most negative
sense … duh! ] ‘There’s an old Wall Street adage meant to inspire investors
that goes “it’s not a stock market, but
a market of stocks.” Consider that dead.
Computer trading, dark pools and exchange-traded funds are dominating
market action on a daily basis, statistics show, killing the buy and hold
philosophy still attempted by many professional and retail investors alike.
Everything moves up or down together at a speed faster than which a normal
person can react, traders said.
High frequency trading accounts for 70 percent of market volume on a
daily basis, according to several traders’ estimates. The average holding period for U.S.
stocks is now just 2.8 months, according to the Crosscurrents newsletter. In
the 1980s, it was two years.
[chart]
“The theory that buy-and-hold was the superior way to
ensure gains over the long term, has been ditched completely in favor of
technology,”
said Alan Newman, author of the monthly newsletter. “HFT promises gains are
best provided by holding periods measuring as few as microseconds, possibly a
few minutes, or at worst, a few hours.”
The problem is only made worst by the proliferation of exchange-traded
funds, traders said. The vehicles, which make trading a group of stocks as easy
as buying and selling an individual security, passed the $1 trillion in assets
mark at the end of last year, according to BlackRock. This is probably why all
ten sectors of the S&P 500 finished in the black for two consecutive years,
something that’s only happened one other time since 1960, according
to Bespoke Investment Group.
“The capital raising stock market of the past hundred
years has morphed in just the last 10 years into a casino,” said Sal Arnuk of Themis
Trading and a market infrastructure expert who advised the SEC after last year’s so-called Flash Crash. “Who is doing the
fundamental work analyzing stocks? In the end, we’ve greatly increased
systemic risk.”
Another factor jumped into the fray in December: dark pools.
Off-exchange trading accounted for more than a third of the trading volume in
December, says Raymond James. While these trades are eventually reported to the
public markets, they further damage price discovery, an essential element for a
fair securities market, investors said.
“This was a record high market share for off-exchange
trading and we believe the SEC will ultimately be forced to react to support
the price discovery process by limiting off-exchange trading for all traces
except for large block trades,” wrote Raymond James analyst Patrick O’Shaughnessy in a note to
clients yesterday.
- Gartman: Jitters Trigged
By Gold Sell-Off Way Overblown
- Top Traders: The Better
of the 2 Motorola Spinoffs
“This destroys capital
markets,”
said Jon Najarian, co-founder of TradeMonster and a ‘Fast Money’ trader. “Hidden trading venues,
where some participants get to peek at the orders as they are entered so long
as they agree to ‘interact’ with a minimum percentage, is not an exchange, it’s a license to steal.”
While many see these forces aligning to cause a sort
of self-correcting powerful drop in the market down the road
Unemployment
Claims, Jobs Numbers Don't Jibe
These
Guys Think You Should Sell Stocks Now at Motley Fool
The
Madness Of Buying Stocks With P/E's Of 500 at Forbes
Unconstitutional
for Obama to Raise Debt Ceiling Without Congress Peter Roff
| President Barack Obama, we have been told many times, is a constitutional
scholar.
Why
The Taxpaying Populace Of Greece Better Stock Up On Thier Grease! Reggie
Middleton | Insolvency, first and foremost!
Planned
Job Cuts Increase by 12% In June, Second Sequential Increase Tyler
Durden | Forget new job formation.
16 Reasons To Feel Really Depressed About The Direction
That The Economy Is Headed The
American Dream July 7, 2011 ‘If you do not want to feel really
depressed, you might not want to read this article. The U.S. economy is
coming apart at the seams, and there are a whole lot of indications that things
are about to get even worse. After a time of relative stability, the pace
of job cuts is starting to pick up again, inflation is rising but paychecks are
not, the U.S. housing crisis shows no signs of ending, millions of American
families are drowning in debt and all of the recent polls show that the faith
of the American people in our economy is eroding. As you read the
statistics in this article, try to keep in mind that there are scores of
families from coast to coast that are barely surviving from month to
month. It can be a soul-crushing experience to work as hard as you can
and yet justbarely be able
to pay the mortgage and put food into the mouths of your kids. The reason
why so many Americans believe that we are in a “recession” or a “depression” is
because that is what they feel like they are living through every single day.
The number of
Americans that are really depressed about the direction of the economy
continues to grow. At first most Americans had expected the U.S. economy
to bounce back after the recession “like it always does”, but now hope is
turning into desperation as people start realizing that this time things are
different.
Most Americans
are very eager for things to go back to normal. Unfortunately, things
look like they are about to get even worse.
The following
are 16 reasons to feel really depressed about the direction of the economy….
#1 A newly released National Federation of
Independent Business polldiscovered that U.S. small businesses let go of
more workers than they hired in June. Previously, the poll had registered
four monthly gains in net jobs in a row. Some analysts believe that this
may be another indication that the employment market is getting softer once
again.
#2 Another newly released jobs report found that the
number of job cuts being planned by U.S. employers increased
by 11.6% in June.
#3 There are fewer payroll jobs in the United States
today than there were back in
2000 even though we have added 30 million people to the population since
then.
#4 There are officially 6.2 million Americans that
have been unemployed for more than 6 months. There are millions of others
that have also been out of work that long but they have become so discouraged
about looking for work that the U.S. government considers them “to no longer be
in the workforce”.
#5 It now takes the average unemployed worker in
America nearly 40 weeksto find a new job.
#6 Paychecks are not keeping up with inflation.
In May, the average hourly wage in the United States was 1.6 percent lower than 12
months earlier.
#7 Food and gas prices have been absolutely soaring
over the past year. McDonald’s, Hershey and Coca-Cola have all announced
price increases this year. One recent survey found that 9 out of 10 U.S. workers do not expect
their wages to keep up with soaring food prices and soaring gas prices over
the next 12 months.
#8 There are disturbing indications that the business
community expects the economy to slow down even more in the months ahead.
For example, pre-orders for Christmas toys from China are
way down.
#9 As of April, there were 6.39 million home loans in
the United States that were either delinquent or in foreclosure. Included
in that were 675,000 home loans that had not had a single payment made on them
in two years.
#10 Approximately 28 percent of all home loans in the
United States are currently “underwater”.
#11 Overall, American households are about 7.7 trillion dollars poorer
than they were back in early 2007.
#12 As a percentage of GDP, the total amount of debt in
the United States is now far higher than it ever has been in any other era of
U.S. history. Things were not even close to this bad during the Great
Depression.
#13 One of the key measures of consumer confidence in
the United States has hit a seven-month low.
#14 According to Gallup, the percentage of Americans
that lack confidence in U.S. banks is now at an all-time high of 36%.
#15 According to one recent poll, 39 percent of Americans
believe that the U.S. economy has now entered a “permanent decline”.
#16 Another recent survey found that 48 percent of
Americans believe that it is likely that another great Depression
will begin within the next 12 months.
So what is the
United States going to look like if we do have another major economic downturn?
If the U.S.
economy continues to get worse and worse, will what is happening in Greece eventually start happening
in this country?
Let us
certainly hope that our cities do not descend into chaos any time soon.
However, we
should not just stick our heads in the sand and pretend that everything is
going to be okay.
Those of us
that are aware of what is happening to the economy should take this time to get
prepared.
We should all
be getting out of debt. When the economy tanks and interest rates start
to spike you don’t want a horde of creditors hunting you down.
We should all
be reducing our expenses and learning to live on less. It is those that
are “lean and mean” that will have the best chance of making it through a major
downturn successfully.
We should all
be storing up emergency food and supplies. After all, you take out
insurance on all kinds of other things, don’t you? We all need to be
fully prepared just in case the worst happens.
The truth is
that most Americans are totally unprepared for economic troubles. As the
financial crisis of 2008 demonstrated, when people lose their jobs and their
wealth they will come in and take everything away from you.
And it is not
just your home that you could lose. When you don’t have any more money
left there is a chance that authorities will take everything
away from you.
For example,
according to one local news report,
six kids were taken away permanently from their parents just because they were
homeless and living in a storage shed….
“You shouldn’t
take our kids because we’ve fallen on hard times,” said Prince Leonard, a
married father of six whose family resides in a northeast Houston storage shed.
The Leonards
moved in three years ago after the father, an unemployed welder, was hired as a
maintenance worker.
Well, it turns out that the storage shed actually had
“an air conditioner, a refrigerator and two personal computers”, so they were
not living too terribly.
But this is what happens to so many poor families
today – “child protective services” will come in and take their children away
at the drop of a hat.
Poor people are an easy target. They know that
they are unlikely to fight back and so thousands and thousands of young
children are constantly being ripped out of homes and never returned.
Don’t think that it can never happen to you. It
is happening all over the country.
Meanwhile, the mainstream media continues to act like
everything is just fine. As our economy continues to be caught in a death
spiral they are busy cracking jokes and talking about celebrities.
While the country is falling apart, the following
video is an example of what passes for news in America these days….
The sad
reality of the matter is that “the American Dream” is dying.
Every month
more American families are slipping out of the middle class and into poverty.
Over the past
four years, the number of Americans on food stamps has risen by 18 million.
A higher percentage of Americans is enrolled in government anti-poverty
programs than ever before.
There will be
millions of Americans that will not be able to sleep tonight because they are
being eaten alive by worry and fear. If the economy does not turn around soon,
there will be even more American families that are living in their cars and
eating out of dumpsters.
Our economic
problems are a horrible nightmare that never seems to end. We are
literally watching the greatest economy on earth crumble before our very eyes.
So if you feel
really depressed about all this, nobody is going to blame you.
But pulling
yourself together and getting yourself and your family prepared for the really
hard times that are coming might be a better course of action.’
Egypt vs IMF: Time to
Default? Eric Walberg | The financial flip-flop of Egypt’s
revolutionary government, first requesting and then declining a $3 billion
dollar IMF loan, highlights Egypt’s hard choices at this point in the
revolution, but is a good sign.
The
Coming “New World Order” Revolution: How Things Will Change In The Next 20
Years – A Kondratieff Cycle Perspective Tyler Durden |
SocGen has published a fantastic, must read big picture report.
As
Commodity Prices Soar, So Does Demand for Wood Pulp—As a “Food Extender” cryptogon.com
| Just the other day, I was joking with my wife about how eating those
cheap tacos is like eating meat flavored sawdust.
In
Europe, an ‘Argentinean Re-Run’: Fund Manager CNBC.com |
The situation facing European countries like Greece and Portugal is directly
comparable to the economic crisis which hit Latin America in the late 1990s.
Wall
Street is abuzz about tech stocks, but where's the smart money? With tried
and true tech giants like Microsoft, IBM and Intel, look for value -- and
landmines. Tech
IPO's and the growth trap (Washington Post) [ Undoubtedly the biggest scam since the dotcom
bust; that summer sizzler based on b***s*** alone! The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! All bad news … from eurozone
(protugal, et als), to asia zone (china worse than expected), to america (where
to begin, from defacto bankruptcy, to debased currency, to insurmountable debt
/ dervice, to pervasive corruption, etc.) … stocks rally on fraud and b***s***
alone. Previous,
higher oil price rally, along with Netflix ‘technology rally’ … Don’t make me
laugh! … Total desperation on wall street and in Washington … How pathetic! … Jobless claims at 428,000 much worse than expected;
and, don’t forget, these are desperate ‘pre-election times’ when regardless of
factual reality (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt
chicago ISM is up as even their youth gangs are showing increased criminal
activity which probably accounts for the rise; ie., meth, crack labs, etc.?)
data / reports are fudged / faked / spun. Foreclosure, distressed sales
up, at least on paper with contracts signed, so no surprise nor reason to cheer
here, as markets worldwide jump on the american crazy train for a short-lived
bounce as all problems remain. This is the same month
end (and quarter, half) spurt / window dressing based on b***s*** alone to keep
the suckers suckered and an especially great time to sell / take profits since
there’s much worse to come! Talk about milking the greek crisis for the
umpteenth time a so-called solution (and there are loads of greecy scenarios
worldwide … I don’t think so and
neither does Schaeffer who says: ‘…even once such a package is passed it only buys time. Actually fixing
the fiscal condition of Greece is not something that can be solved in a matter
of weeks, or even months…‘ but it’s great press for the
churn and earn and to keep the suckers suckered. Technology
rally? Defacto bankrupt american technology is horrendous but great sizzle for
the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new
greecy b.s. factor. The
rally into the close and the previous so-called (4 day) ‘rally’ was based on
b***s*** alone to keep the suckers suckered and for ‘smarter money ‘ along with
the frauds to sell into. This is an especially great opportunity to sell / take
profits while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times.
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the source
of piolitical risk here. We could have a major problem, I think, either this
summer or the next couple years. And I’d be worried about investing too much in
the market. That’s my financial advice.”…’
Another
Financial Crisis Is On The Way, Mobius Says Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His technical
indicators suggest that the market manipulation we’ve seen over the last
several months is about to come to an end…and that means thousands of investors
are about to get clobbered. This correction could begin as soon as June 30th– so it’s important that you take action now to
prepare yourself. StealthStocksOnline.com
STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell
Get a job, kid! Only 25 percent of
American teens have summer jobs, the lowest percentage on record. Why? Are they
lazy? (Washington Post) [ Well, in their defense, the reality’s that the real
unemployment rate minus the fudge factors, particularly in this pre-election
year, is just about that, and many are ‘makeshift’ jobs at that for
‘pre-election year politicking purposes’: Drudgereport: Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job... … Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ] In his June 7 speech, Fed Chairman Ben Bernanke
stated, “the best way for the Federal Reserve to support the fundamental value
of the dollar in the medium term is to pursue our dual mandate of maximum
employment and price stability, and we will certainly do that.”
It is
instructive to take a look at the actual Federal Reserve goals, as well
Bernanke’s results in pursuing those goals.
Goals of
Monetary Policy
“The goals of
monetary policy are spelled out in the Federal Reserve Act, which specifies
that the Board of Governors and the Federal Open Market Committee should seek
‘to promote effectively the goals of maximum employment, stable prices, and
moderate long-term interest rates’. Stable prices in the long run are a
precondition for maximum sustainable output growth and employment as well as
moderate long-term interest rates.
When prices
are stable and believed likely to remain so, the prices of goods, services,
materials, and labor are undistorted by inflation and serve as clearer signals
and guides to the efficient allocation of resources and thus contribute to
higher standards of living. Moreover, stable prices foster saving and capital
formation, because when the risk of erosion of asset values resulting from
inflation—and the need to guard against such losses—are minimized, households
are encouraged to save more and businesses are encouraged to invest more.”
Let’s look at
the results of Bernanke’s economic “fine tuning” (using data from the St. Louis
Fed’s database, starting in February, 2006, through April 2011), and see if he
has successfully pursued this mandate.
Definition
of STABLE (from
the Mirriam-Webster dictionary)
a :
firmly established : fixed, steadfast <stable opinions>
b :
not changing or fluctuating : unvarying <in
stable condition>
c :
permanent, enduring <stable civilizations>
Stable
Prices?
Stable prices
are one of the Fed’s primary mandates. In the table below, take a look at
what has happened to the prices of items in a typical U.S. consumer’s budget
since Ben took the reins:
Feb ’06 –
April ’11
|
Items in a Typical Budget |
% Change |
|
Food and Beverages |
16.54% |
|
Water and sewer and trash collection services |
31.88% |
|
Rent of primary residence |
13.82% |
|
Housing |
8.68% |
|
Fuels and Utilities |
11.93% |
|
Apparel |
4.83% |
|
Medical Care |
20.11% |
|
Gasoline (all types) |
65.12% |
|
Transportation |
23.36% |
|
Tuition, other school fees, and childcare |
29.28% |
|
Recreation |
2.87% |
It is easy to
play with the weightings of the above prices, and see how individual budgets
would be impacted. Regardless of the method used to look at prices, it is
clear that Bernanke has not been successful at maintaining price stability
since taking over as Fed Chairman. Mandate not accomplished.
Maximum
or Full Employment
Finding a
strict definition of maximum employment is impossible. Many economist
give different estimates, ranging from 2%-7%. The standard unemployment
rate most often used by the Fed is currently at 9.1%, up 90% since Bernanke
started. The more inclusive (realistic) U6 number stands at 15.8%, up 75%
in the same period. The Civilian Participation Rate has declined 2.87% to
64.2%.
This is the
lowest level the U.S. has seen since March, 1984. The decline amounts to
8,946,844 fewer Americans in the labor force. Had they not dropped out
because of a lack of jobs, the “official” unemployment rate would be
significantly higher. While we can debate the meaning of the term maximum
employment, it is clear that the jobs data has deteriorated considerably since
Bernanke took the reins at the Fed. Mandate not accomplished.
Moderate
Interest Rates
While not
stated in Bernanke’s recent address, the Fed’s website also posts “moderate
interest rates” as a stated goal. While we cannot definitively say what
constitutes “moderate”, we do know that both short and long-term interest rates
are near all time lows. It is safe to assume that near record low rates
are not “moderate”. Further, when interest rates are artificially
held below the rate of economic growth,” financial repression” is
occurring. Many bright folks have commented on how the zero interest rate
policy (ZIRP) is destructive to savers and misallocates resources. It is
safe to say that this mandate has not been accomplished.
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
We will leave
it up to our readers to make their own conclusions.
Matt Marcewicz
& Robert Barone, Ph.D.
Matthew Marcewicz and Robert Barone are investment advisor
representatives with Ancora West Advisors LLC, Reno, Nev. ‘
Parties
spar over debt deal Republicans are now willing to close some tax loopholes
as part of a deal to raise the debt limit.
(Washington Post) [ Oooooh! Doing the
people’s work, by hook or by crook … the former descriptive of what they are,
the latter descriptive of what they do … Instead
of Funding Retirement Accounts As Mandatory, Treasury Proceeds To Plunder The
Most Since Debt Ceiling Breach Tyler Durden | Instead of
putting in even one penny into G and CSRD Funds, Tim Geithner has decided to
defraud government retirees by the most since the US debt ceiling was
breached. And, not just the government:
Will Your Private
Pension Be Worthless? Mac Slavo | We know the Federal and
State governments are in serious fiscal trouble. States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 President
summons lawmakers With just over two weeks remaining, Obama calls lawmakers
to White House to break debt stalemate.
(Washington Post) [ Summons?
‘Wobama the b’ (for b***s***)? Romney is quite correct, At
N.H. town hall, Romney says Obama has made the economy worse (WP) ; but,
not just the economy. There is anything about what a president does that wobama
hasn’t failed at other than that ever so smooth jive-talkin’ he does that I
find beyond the pale that anyone is even listening to his b***s***; or rather,
Mr. Teleprompter’s words written / scripted by who knows who. What we do know
is that what he says has absolutely no meaning beyond the saying of the words
which flow so trippingly o’er his tongue. His political opportunism /
soundbites / appearances along with ‘michelle his bell’ have become so unctuous
and predictably transparent that they have become nauseatingly unwatchable.
Summons? He’s not worthy of respect much less attention; particularly owing to
his own abandonment of precepts and promises upon which he ran and for which he
was elected. He’s a total embarrassment!
U.S.
debt limit affects world finances The stand-off between congressional
Republicans and the Obama administration over raising a legal limit on how much
the nation can borrow has been filled with dire warnings about what will happen
if the U.S. government fails to pay its debts. (Washington Post) [ Stand-off …
that’s rich … or in terms of prevalence and consequence, poor. The term brings
to mind, in a manner of speaking, a shoot-out. And, further brought to mind is
a visual where all pervasively corrupt, defacto bankrupt america’s venal,
incompetent politicians / power-brokers / lobbies / players form a big circle
and in unison fire at will at the invisible target in the middle. Parties
at odds on deficit reduction Lawmakers in both parties plot strategies that
could make the deal difficult to find common ground. (Washington Post) [ Yes …
Odds on … favorite … a lose / lose solution. The realistic scenario brings to
mind that old adage that, ‘you can’t make a silk purse out of a sow’s ear’ …
and, yeah, the reality is all that bad. A
debt ceiling leadership failure On Leadership | Congress’s failure to fix
the budget deficit is due to fundamental differences of opinion on the role of
government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the
budget stalemate) falls (Washington Post) [Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of these
other fellow nincompoops don’t; particularly about economics / finance, even
compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest
market collapse may begin by June 30th Dennis Slothower is one of the world’s
leading technical analysts. He’s one of the few advisors whose readers
completely avoided ALL losses during the disaster that was 2008. And now he’s
issuing another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as June 30th– so
it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [
Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds
like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final
say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T;
you know, ‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall street.
No, there is no modern day alchemy that spins worthless paper into gold except
fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
National / World
Man Arrested for Filming Police from His Own Yard Alex
Jones & Aaron Dykes | A Jonesboro, Arkansas man was arrested after
filming police conduct a warrantless search of a woman’s vehicle and body.
Obama Follows Bilderberg Consensus In Abandoning Iraq
Withdrawal Paul Joseph Watson | Power brokers at
2011 St. Moritz conference agreed US “has no intentions of ever leaving Iraq”.
Europeans Will Face More Airport Body Scanners Steve
Watson | The European Union Parliament has adopted a resolution to
allow the full use of body scanners in airports of the 27 European member
nations.
University Offers Bachelor of Arts in Counter-terrorism Kurt
Nimmo | Dubious war on terror one of the only areas of career
opportunity in global economy.
TSA
Searches Woman’s Hair Kurt Nimmo | Incident follows
unsubstantiated TSA warning about surgically implanted bombs.
Brzezinski: Middle Class Unrest To Hit U.S. Paul
Joseph Watson | Globalist who wrote books advocating highly controlled
society dominated by technocratic elite is now concerned about “disparity in
society”.
Author Jan Irvin: Mind Control and The Dumbing Down of
Society The Alex Jones Channel | Alex talks with
author and lecturer in archaeoastronomy, astrotheology, ethnopharmacology, Jan
Irvin.
It’s not all white: The cocktail of up to 20 chemicals in
a glass of milk UK Daily Mail | A glass of milk can
contain a cocktail of up to 20 painkillers, antibiotics and growth hormones,
scientists have shown.
5 Dead,
23 Hurt Over Violent Holiday Weekend Jennifer Schwarz |
Five men were killed and more than 20 were injured in shootings and stabbings
since Friday.
US-led strike
kills 8 Afghan children Press TV | A US-led airstrike has
targeted a house in eastern Afghanistan, killing at least 13 civilians,
including eight children, police officials say.
The
“War On Terror” Is A $6 Trillion Racket, Exceeding The Total Cost Of World War
II Global Research | The cost of the War on Terror is
significantly greater than Obama has claimed.
TSA Agent Caught With Passenger’s iPad in His Pants;
Allegedly Took $50,000 in Other Goods, Cops Say Broward Palm
Beach New Times | Santiago — a TSA officer since 2009 — was caught
taking an iPad out of someone’s luggage and stuffing it into his pants, the
cops say.
An Outkast Israel Plans To Drop Bombs Over Tehran The
Excavator | An attack on Iran by Netanyahu’s government would up the
game.
‘Alibi’
Obama Who is best to run against the president and his excuses? (Washington
Post) [ Yeah! Really quite true! Wobama the b (for b***s***) is all excuses,
all b***s***. But, don’t strain yourself. It really doesn’t matter since
wobama’s a failed president whose failure speaks for himself (and his
teleprompter). As such, it matters very little who, since whoever, beats wobama
hands down. He has a record of failure and actions that have consistently
belied his words. Indeed, wobama’s a fraud in the inducement (campaign
promises) and a fraud in the factum (in fact). As failed as dumbya bush,
there’s a nausea factor that’s become attached to wobama(s) like no
other(s). Drudgereport: POLL:
Obama 42%, any
Republican 46%...
OBAMA:
LET'S STAY IN IRAQ...
FLASHBACK:
'I intend to remove all U.S. troops from Iraq by the end of 2011'...
Campaign
signals fundraising fail...
UPDATE:
Minnesota Government Shuts Down...
Washington
state closes tourism office...
Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya...(FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...)
GETTING
NERVOUS
NEWT:
Obama 'most successful food stamp president in American history'... ]
Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Men
getting jobs faster than women The recession was hard on men, who saw
construction and manufacturing jobs dry up, but the recovery is proving much
kinder on men. In a rare turnabout, men are outpacing women in getting jobs as
the economy struggles back to life — and they’re doing it partly by taking work
in fields long dominated by women. (Washington Post) [ And unfortunately, if you’ve
the unpleasant occasion to experience the american workforce in action (I’m
reminded every time I so do – those problem/support lines for americans
services / products so typically gone awry; horrendous, with an attitude, but
clear as an unmuddied lake as to why american jobs are outsourced. A simple
cost-benefit analysis further confirms the rational basis to this reality. Drudgereport: Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job... . Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is certainly
being felt globally as well as domestically and has little to recommend it. My
own direct experience with the region(s) (particularly new jersey, new york,
virginia, connecticut, california) carves out no exception for the prevalence
of the worst of human nature; which is now collectively and pervasively
americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
‘america’s
great girth … as in fatter’
The
Madness Of Buying Stocks With P/E's Of 500 at Forbes
Bearish Signs Are Quickly Adding Up By Gary Kaltbaum
Jun 13, 2011 11:00 am
When the markets are in a bear phase, as they are
now, it becomes immensely important to keep our eye on certain things.
Over
the past few weeks, I have been more cautious. During that time on the Buzz & Banter,
I outlined why I thought the market was in trouble. The simple fact is
that every characteristic that usually show up near tops in the market...
showed up. When these characteristics show up, it is time to keep an eye
out for trouble. All that has to happen is for negative price and volume to
confirm. Subtle signs showed up weeks in advance. When listening to
those who say this recent drop came out of nowhere, please take it with a grain
of salt. Here are those bearish characteristics that I've said would eventually
come back to haunt the market:
Financials
Big financials were acting like it was '07 all over again. They sit when the
market goes up and they lead down when the market sinks. It's quite amazing
that this is occurring while the Fed is just handing money over to them. This
is important, as financials have always been a key to the market.
Major New Highs Divergence
Every time the market went to new highs, there were fewer and fewer stocks hitting new highs...
indicating strength was narrowing.
Defense Leads
Speaking of leadership narrowing, over the past several weeks, we saw drugs,
food, beverages, tobacco, and utilities lead. It's a classic sign of
trouble when the most defensive of issues are being bought.
Low Levels of Cash
Mutual funds are only holding 4% in
cash -- a very low level -- providing very little ammo for the market.
Over the Top Bullish Sentiment
I noticed one pundit call for 2600 S&P by 2013 and another
calling for 20,000 Dow within 18 months. These type of calls
do not occur at the lows.
Many Stock Splits and Mergers
Stock splits and mergers do not
occur at lows. In fact, they occur at highs.
Emerging Markets
Markets like China, Brazil, and others entered their own bear phases
before US markets.
A Plethora of IPOs and Secondaries
This adds supply to the market, but more importantly it's another
characteristic that shows up at highs, not at lows. To make matters
worse, investment banks -- as usual -- learned no lessons from the
late '90s about bringing companies public with $5-10 billion valuations that do
not have even $100 million in sales and lose money. They get their fees and
investors lose.
Semiconductors
Another important leading sector is the semis. They have led the market for
many years, both up and down. When they topped in March, I became worried. When
they rolled over in mid-May, I became double worried.
Finally and Most Importantly
Nothing bad happens when major indices are above the 50 day moving averages, and only bad
happens when below. The final dagger occurred last Wednesday when markets dived
below on volume. Since then, there's nothing but distribution. On a daily basis
we are seeing weak closes, another important sign of a bear phase.
Try
to resist the urge to listen to permabull Wall Streeters during bear
phases, as it could cost you a bundle. You will be hearing the terms
overdone, overreaction, undervalued, cheap, and so on. Be careful!
I am amazed at the complacency I have seen so far. After stating my bearish
stance on Fox News a
few weeks ago, I received a bunch of disagreeing emails, and even hate mail.
Some people just never want to believe the market can go down. There is no way
of knowing when a bear phase will end, but just like we know the
characteristics that show up during a market top, we know the characteristics
that show up during a market bottom. I do believe this market has a date with
the 200-day moving average which is only a
couple percent lower. At this juncture, I am inclined to believe it will occur.
To answer the question on whether the market could have another flash crash, I
wouldn't bet against anything as I do not believe the masses are prepared, and
I do believe the masses still have the buy the dip mentality.
On a short-term basis, major indices remain very stretched, expended, and
oversold to the downside. But again, oversold could stay oversold for a while.
I suspect the 200-day average could first provide the market with some sort of
relief rally. Any rally should be sold as I believe there is going to be more
time and price in this bear phase.
My last point is on the economy because many weeks ago I thought the economy
had topped. Since then and unfortunately, this has been the case. What did I
see? Every quarter I visit numerous retail outlets and I speak to select
people in differing industries. These are ordinary people either running or
working at businesses and they all said that things had stalled, that
there was no upward trajectory. I then heard the heads of Walmart
(WMT) and Target
(TGT) say
that the consumer hit a wall. (Here's a hint, never argue with what Walmart
says. Don't listen when a pundit says the news is just limited to
Walmart. The company only does $400 billion in sales.) The last and most
important clue... commodities topped, indicating demand was indeed softening.
Weeks later, all the worsening news has started to come out.
My biggest worries are simple:
The Fed is out of ammo. Interest rates are already at zero percent. Yes, they
can print more money but that only crushes the dollar and lifts
commodities, which in turn hurts the consumer. Crushing your own currency has never worked.
This administration is in dire need of watching the Seinfeld episode where Jerry told George that if every
decision he has ever made was wrong, then doing the opposite must be right.
We've seen massive deficits, massive amounts of new regulations, threats of tax
increases, demonization of almost every industry, and a health care bill that
does nothing more than add more costs to hiring even though they say it will
lower costs and lower the deficits. There is only one outcome from this
questionable policy... and we are seeing it. The Obama
administration is not dealing with a sluggish economy, it is causing
it.
So I worry. It is only bad when markets go down, and right now, it
is bad. Markets are going down and we may have only seen the beginning as
the trust factor remains very low. Markets are quite smart in the long run.’
Planned
Job Cuts Increase by 12% In June, Second Sequential Increase Tyler
Durden | Forget new job formation.
Europe
Persists in Seeking a Solution for Greece New York Times |
European bankers said that they had not given up on effort to help sort out
Greece’s finances, a day after a major ratings agency said it would consider
Greece to be in default.
In
Europe, an ‘Argentinean Re-Run’: Fund Manager CNBC.com |
The situation facing European countries like Greece and Portugal is directly
comparable to the economic crisis which hit Latin America in the late 1990s.
Instead
of Funding Retirement Accounts As Mandatory, Treasury Proceeds To Plunder The
Most Since Debt Ceiling Breach Tyler Durden | Instead of
putting in even one penny into G and CSRD Funds, Tim Geithner has decided to
defraud government retirees by the most since the US debt ceiling was breached.
Without
Low Interest Rates, The U.S. Financial System Dies The Economic
Collapse | Right now, interest rates are near historic lows.
ECB Will
Continue to Accept Greek Debt Financial Times | The European
Central Bank will continue to accept Greek debt as collateral for loans unless
all the major credit rating agencies it uses declare it to be in default.
Crumbling
house at center of feud Neighbors in a posh D.C. enclave agree there’s an
eyesore in their midst — just not on where it is. (Washington Post) [ Crumbling
house? Now why do I immediately think of the house of representatives
(including as well, the senate). Because … they’re crumbling, along with the
nation. ‘House of cards’? Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
The
back-office power brokers Experts in managing troubled loans of commercial
real estate see their fortunes rise in the recession. (Washington Post) [
Kinda’ like a ‘heck of a job, brownie’ (Katrina) moment. Foreclosure
backlogs swell nationwide States are wrestling with backlogs, exacerbated
by homeowners who continue to fall behind on payments. Foreclosure
properties become eyesores Foreclosures
pit suburbia against Wall Street (Washington Post) [ It aint just the foreclosures that pits
people against wall street and it aint just suburbia. No, there is no
modern day alchemy that spins worthless paper into gold except fraudulently for
the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing
out’ for hard currency and gold, precious metals, at everyone else’s expense
including main street. The catering to fraudulent wall street was a loser ab
initio! That so-called ‘wealth effect’ market froth was used previously by
senile ‘maestro’ greenspan and now ‘no-recession-helicopter-ben-bs-bernanke’
has failed miserably except for the frauds on wall street who commissioned
up and down; and, make no mistake, those computer-programmed high-frequency
trading volumes have now been maximized for nation-economy-draining profits for
the frauds like never before and have never been higher. The QE and
dollar-debasement policies were always predictably inflationary, ultimately
hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that
was but in reality good only for the frauds on wall street. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! Jobless
claims worse than expected at 428,000
I thought the following was interesting: 15
Worst Housing Markets for Next 5 Years - Business Insider
Provided by The
Business Insider's Gus Lubin and Linette Lopez ‘If you bought a home in Miami in 2005, we're sorry: over the
following six years it depreciated in value by more than 54.3%.
And the
rebound -- if there is a rebound -- won't come soon.
Between
Q2 2011 and Q2 2016, Miami home prices will decline at an annualized rate of
0.7%, according to data
provided by Fiserv Case Shiller.
Fiserv
identified 15 housing markets that will appreciate at an annualized rate of
less than 1.5% -- a pretty lousy investment. If you stay out of these markets,
the national average is slightly better at 3.7%.
Here are
the 15 Worst Housing Markets For The Next Five Years
The worst
place to invest: Miami, Florida
Cumulative
growth from 2005 to 2011: -54.3%
Annualized growth
from 2011 to 2016: -0.7%
Trough: Q3
2012
The
second worst place to invest: Atlantic City, New Jersey
Cumulative
growth from 2005 to 2011: -34.05%
Annualized
growth from 2011 to 2016: 0.2%
Trough: Q3
2012
3. Nassau
County, New York
Cumulative
growth from 2005 to 2011: -27.3%
Annualized
growth from 2011 to 2016: 0.7%
Trough: Q4
2011
#4 (tie)
Fort Lauderdale, Florida
Cumulative
growth from 2005 to 2011: -52.9%
Annualized
growth from 2011 to 2016: 0.8%
Trough: Q4
2012
#4 (tie)
Midland, Texas
Cumulative growth
from 2005 to 2011: -40.95%
Annualized
growth from 2011 to 2016: 0.8%
Trough: Q1
2009
#4 (tie)
Washington, D.C.
Cumulative
growth from 2005 to 2011: -28.1%
Annualized
growth from 2011 to 2016: 0.8%
Trough: Q1
2009
#7
Abilene, Texas
Cumulative
growth from 2005 to 2011: -18.9%
Annualized
growth from 2011 to 2016: 1.0%
Trough: Q1
2009
#8
Morgantown, West Virginia
Cumulative
growth from 2005 to 2011: -4.15%
Annualized
growth from 2011 to 2016: 1.1%
Trough: N/A
#9 (tie)
Austin, Texas
Cumulative
growth from 2005 to 2011: 2.63%
Annualized
growth from 2011 to 2016: 1.2%
Trough: Q4
2012
#9 (tie)
Waterloo-Cedar Falls, Iowa
Cumulative
growth from 2005 to 2011: -2.73%
Annualized
growth from 2011 to 2016: 1.2%
Trough: N/A
#11 (tie)
Baton Rouge, Louisiana
Cumulative growth
from 2005 to 2011: -14.48%
Annualized
growth from 2011 to 2016: 1.4%
Trough: Q1
2012
#11 (tie)
Amarillo, Texas
Cumulative
growth from 2005 to 2011: -10.5%
Annualized
growth from 2011 to 2016: 1.4%
Trough: Q4
2012
#11 (tie)
Lancaster, Pennsylvania
Cumulative
growth from 2005 to 2011: -5.15%
Annualized
growth from 2011 to 2016: 1.4%
Trough: Q2
2012
#11 (tie)
Monroe, Louisiana
Cumulative
growth from 2005 to 2011: -11.31%
Annualized
growth from 2011 to 2016: 1.4%
Trough: N/A
#11 (tie)
Shreveport, Louisiana
Cumulative
growth from 2005 to 2011: -10.38%
Annualized
growth from 2011 to 2016: 1.4%
Trough: Q3
2011 ‘
Moody's
downgrades Portugal's debt (Washington Post) [ And, it won’t be long before things get ‘greasy’ with Greece
back at the trough; and, italian anyone, along with the other PIIGSUS. Europe
Persists in Seeking a Solution for Greece New York Times |
European bankers said that they had not given up on effort to help sort out
Greece’s finances, a day after a major ratings agency said it would consider
Greece to be in default. US worse than Greece? RT
| Max talks to economist Yanis Varoufakis about the bailout and
austerity packages for Greece. Moody’s
July 4 Bomb: Rating Agency Finds 10% Of Chinese GDP Is Bad Debt, Claims “China
Debt Problem Bigger Than Stated” Tyler Durden | The timing
on the earlier pronouncement that rating agencies may have found religion could
not have been better. Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ Drudgereport: Portugal's
Debt Downgraded to Junk...
CHINA:
USA 'ALREADY DEFAULTING'...
DOLLAR
TO 'LOSE RESERVE STATUS'
Economy
Expected to Have Major Slide in Months Ahead...
NEW
IMF CHIEF FROM CHICAGOLAND...
MARK
HALPERIN CALLS OBAMA 'A DICK' ON LIVE TV...
POLL:
Obama 42%, any
Republican 46%...
Campaign
signals fundraising fail...
UPDATE:
Minnesota Government Shuts Down...
Washington
state closes tourism office...
Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
A
fight over what we can keep In
Minnesota and elsewhere, the struggle is over what is promised versus what is
affordable. (Washington Post) [Will Your Pension Be
Worthless? Mac Slavo | We know the Federal and State
governments are in serious fiscal trouble.
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Minnesota government
shuts down Politico | Minnesota’s government shut down at
midnight local time Friday after six months of negotiations. Record
44.7 Million People Celebrate Geithner’s Departure And The End Of QE2 Through
Foodstamps Zero Hedge | April participation in
Supplemental Nutrition Assistance Program (SNAP), better known as “foodstamps”,
shows yet another record, this time 44.647 million people.
Debt
Increased More Under Geithner Than Under Any Treasury Secretary in U.S. History
CNS News | Timothy Geithner oversaw the largest increase in
the national debt of any Treasury secretary in American history.
MORE
CONFIRMATION: The World Economy Is Rolling Over Business Insider |
The latest batch of PMI data is confirming that the world economy is still
rolling over.
While
Criminal US Bankers Receive Golden Parachutes, Barbarian Afghanistan Has Just
Arrested Executives Of Failed Kabul Bank Tyler Durden |
Sometimes it is good to put things in perspective when comparing developed
democracies like America and barbaric despotic dictatorships like
Afghanistan. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins
Oscar for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billions from the fraud )
National / World
Exclusive: Sony Forces Employees To Submit To Body Scanners Paul
Joseph Watson | Corporation claims devices do not emit any kind of
radiation nor do they show naked images, which begs the question why such
scanners are not being used in airports.
Ron Paul: Abolish the TSA, Stop Abuses and Failures Congressman
Ron Paul | The sorry situation ten years after the creation of the
TSA.
Poll Shows Most Travelers Will Forgo Flying to Avoid
Scanner Radiation Kurt Nimmo | A number of studies
demonstrate the machines pose a cancer risk.
“Belly Bombs”: Government Claims Phantom Terrorists Will
Surgically Implant Explosives In Humans Steve Watson
| Coincidentally, New full strength body scanners are ready to be rolled out.
Is the Internet Re-Wiring Our Brains? Prison
Planet Live | Is the world wide web literally re-wiring our brains,
dumbing us down by destroying our ability to think analytically and
infantilizing our minds in the process?
Russian FSB Boss: Internet a Haven for Terrorists Kurt
Nimmo | Russia’s call to go after “domestic terrorists” on the
internet similar to calls in the United States.
Protect IP Act Gives Government Power to Seize Websites
On a Whim Paul Joseph Watson | Law professors warn
that new legislation allows state to seize websites merely for linking to other
websites that host copyrighted material.
New
Weapons in the INFOWAR! Infowars | A sneak peek of
what’s new at Infowars.com.
NATO
War Crimes: Depleted Uranium Found in Libya by Scientists Global
Research | War crimes and crimes against humanity have been and
continue to be committed in the Libyan Arab Jamahiriya by NATO.
Paul
Joseph Watson: 2011 – World In Crisis PrisonPlanetLive |
Paul Joseph Watson, writer and webmaster for Infowars.com and Prisonplanet.com,
talks to WeAreChange Birmingham about the staggering amount of crises to hit
the globe so far in 2011, including the Arab spring and the bombardment and
invasion of Libya.
Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless one
expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and pervasively
americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer)
is one of those typically with a ‘pre or post’ arrangement, whether implicit or
explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt,
defacto bankrupt, fallen america.
Indeed, the scenario typifies that national drain / sinkhole new york (new york
/ new jersey metro) where, for example, FBI informants were routinely exposed
by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings /
Volkman Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian england,
etc.; more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
As
NASA transitions, U.S. space politics in a state of flux (Washington Post) [ U.S. space politics? I
didn’t know there was such a thing. But I, and I’m sure all know that ‘u.s.
politics are spaced’. Flux? One could only hope. I’d say, ‘fleeced’; as in
we’ve all been fleeced. Sterner:
5 myths about NASA (Washington
Post) [ If you can’t get past the first myth; viz., that they actually set foot
on the moon, the other 5 so-called myths become irrelevant. Indeed,
post-Eisenhower, and certainly post-Kennedy-assassination / coup d’etat, NASA
was all military / military industrial complex (moreover, someone knowledgeable
about such matters said essentially that in explaining to my surprise the
transition to the shuttle program it was said there was greater military
application in same). In any event, Russia’s been doing quite a bit of ‘heavy
lifting’ vis-à-vis the space station, but not inordinately so. All I can say
with certainty is that the universe beyond this solar system is forever
protected / insulated. The fact is, they never set foot on the moon; and, in
light of the pervasive corruption in and defacto bankruptcy of the nation,
their perpetual wars toward making a hell on earth militate against anything
but trying to do even just a little bit better (for a start),
terrestrially. 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
President
summons lawmakers With just over two weeks remaining, Obama calls lawmakers
to White House to break debt stalemate.
(Washington Post) [ Summons?
‘Wobama the b’ (for b***s***)? Romney is quite correct, At
N.H. town hall, Romney says Obama has made the economy worse (WP) ; but,
not just the economy. There is anything about what a president does that wobama
hasn’t failed at other than that ever so smooth jive-talkin’ he does that I
find beyond the pale that anyone is even listening to his b***s***; or rather,
Mr. Teleprompter’s words written / scripted by who knows who. What we do know
is that what he says has absolutely no meaning beyond the saying of the words
which flow so trippingly o’er his tongue. His political opportunism /
soundbites / appearances along with ‘michelle his bell’ have become so unctuous
and predictably transparent that they have become nauseatingly unwatchable.
Summons? He’s not worthy of respect much less attention; particularly owing to
his own abandonment of precepts and promises upon which he ran and for which he
was elected. He’s a total embarrassment!
U.S.
debt limit affects world finances The stand-off between congressional
Republicans and the Obama administration over raising a legal limit on how much
the nation can borrow has been filled with dire warnings about what will happen
if the U.S. government fails to pay its debts. (Washington Post) [ Stand-off … that’s
rich … or in terms of prevalence and consequence, poor. The term brings to
mind, in a manner of speaking, a shoot-out. And, further brought to mind is a
visual where all pervasively corrupt, defacto bankrupt america’s venal,
incompetent politicians / power-brokers / lobbies / players form a big circle
and in unison fire at will at the invisible target in the middle. Parties
at odds on deficit reduction Lawmakers in both parties plot strategies that
could make the deal difficult to find common ground. (Washington Post) [ Yes …
Odds on … favorite … a lose / lose solution. The realistic scenario brings to
mind that old adage that, ‘you can’t make a silk purse out of a sow’s ear’ …
and, yeah, the reality is all that bad. A
debt ceiling leadership failure On Leadership | Congress’s failure to fix
the budget deficit is due to fundamental differences of opinion on the role of
government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the
budget stalemate) falls (Washington Post) [Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest
market collapse may begin by June 30th Dennis Slothower is one of the world’s
leading technical analysts. He’s one of the few advisors whose readers
completely avoided ALL losses during the disaster that was 2008. And now he’s
issuing another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as June 30th– so
it’s important that you take action now to prepare yourself. StealthStocksOnline.com [ Oooooh! Bring in the big guns;
viz., ‘wobama the b’ (for b***s***) … sounds like a plan! After all, ultimately
it’s Mr. Teleprompter who’ll have the final say; and, it seems like wobama’s
got a lock on that ‘relationship with Mr. T; you know, ‘pecking order’ kinds of
stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
With QE2
Dead, Are We Staring Down a Bull or Bear? By
Benzinga.com Jul 05, 2011 ‘…we're in for doom and gloom in the future. With no
bullets left in the gun for Bernanke to fire …, the government may not have the
means to stop the panic a second time. Things could get ugly in a hurry…’
Here's
How the Stock Market P/E Could Fall to 10 at The Wall Street Journal By Mark Gongloff [Click for larger image http://s.wsj.net/public/resources/images/OB-OO990_megaca_D_20110705113832.jpg ]
‘One of the most convincing cases often
made by the stock-market bulls is that stocks are super cheap, with interest
rates at rock bottom and the S&P 500 trading at just 13 times forecast
earnings for the 2011. But the market may not be as cheap as it appears — and
it could get a lot cheaper, according to a note today from Morgan Stanley
equity strategist Adam Parker.
First, Mr. Parker shoots all kinds of
holes in the market-is-cheap theory. For one thing, the market is only slightly
cheaper today than its average forward P/E of 13.6, dating back to 1976.
And the market isn’t cheap at all using
other ratios, such as price-to-sales (1.4x, compared with a long-term average
of 1.1x), price-to-book (2.3x compared with a long-term average of 2.2x) or
price-to-trailing earnings (16.1x compared with a long-term average of 17.8x).
Meanwhile, the S&P 500′s
dividend yield of just 1.7% is way below an average of 2.7% dating back to
1964.
And this one is maybe the most
interesting: Mr. Parker argues that the biggest-cap companies are providing
most of the stock market’s cheapness, leaving the rest of the market fairly
valued. If the biggest 30 stocks are excluded, the market’s forward P/E ratio
is 13.5x, nearly matching the historical average. The biggest 30 stocks are
trading at 11.5x forward earnings (an echo of the WSJ story today about how
investors have abandoned big-cap tech).
“Our view is that the mega caps are
undervalued and the rest of the market (stocks 31 through 500) are modestly
overvalued,” Mr. Parker writes.
And now the kicker: The market will
likely get even cheaper. Analyst earnings forecasts are now way above their
long-term average, up 18.4% in the past year, compared with an average over the
past 20 years of 7.91%. Earnings forecasts seem likely to fall back to earth,
which alone could drive the market’s forward earnings multiple down to 10.6x,
Mr. Parker estimates.
Meanwhile, Mr. Parker estimates that
inflation-adjusted earnings growth has averaged 3.77% since 1948, and it will
likely be lower than that in the next 10+ years, hurt by higher inflation and
slower and more volatile economic growth around the world.
If he’s right, then the market is more
expensive now than it seems. His forecast is that forward P/E will fall to 10.
Update: A commenter raised the issue of cash —
the top 1500 companies have some $1.5 trillion in cash sitting on their balance
sheets, fuel for future growth, stock buybacks, dividends, etc. That should
make the market more attractive, but Mr. Parker dismantles this one, too,
saying companies have net debt near pre-Internet bubble levels, that much of
the cash is overseas and must be repatriated and that investors have been
cutting the premium they’re willing to pay for corporate cash in recent years.’
S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell ‘Are equities positioned for a nosedive? [Unequivocally, yes!
Jobless claims at 428,000 much worse than expected; and, don’t forget, these
are desperate ‘pre-election times’ when regardless of factual reality (ie.,
fake reports, data, as, ie., ‘wobama hometown’ corrupt chicago ISM is up as
even their youth gangs are showing increased criminal activity which probably
accounts for the rise; ie., meth, crack labs, etc.?) data / reports are fudged
/ faked / spun. Foreclosure, distressed sales up, at least on paper with
contracts signed, so no surprise nor reason to cheer here, as markets worldwide
jump on the american crazy train for a short-lived manipulated bounce as all problems remain. This
is the same month end (and quarter, half) spurt / window dressing based on
b***s*** alone to keep the suckers suckered and an especially great time to
sell / take profits since there’s much worse to come! ] This week the S&P 500 surged 2.6% from a week
ago, to close at 1,320. The equities index has nearly reversed its one-month
drop, after closing at 1,331.10 on May 27.
At first
glance, an auspicious close to both QE2 and the second quarter. Investors
cheered news that Greece would avoid a near-term default on its debt. Still
take a close look at the historical tight correlation between the S&P 500
and the four-week rolling average for initial jobless claims, and the equity
recovery could be a temporary blip.
http://blogs-images.forbes.com/maureenfarrell/files/2011/06/6-30MFjobless.png
This chart
plots the S&P 500 index against an inverse of the 4-week average of initial
jobless claims. If you can excuse the tiny font, the chart illustrates a tight
and curious correlation between these metrics since December 2006.
Looking back
over the past four and a half years, these lines tends to stay tightly
correlated, and when they diverge, they quickly retreat back together. Looking
back at this chart, the equity market continued to tumble through January 2009
as more Americans filed for unemployment each week. Conversely as these jobless
claims dropped to 450,000 mark, the market largely moved upwards.
Now the
question is: will jobless claims move and stay below 400,000? If so perhaps,
the equity rally will continue, but if they remain stuck around 428,000, the
number reported today, expect a downturn in the equities market.
Jobless claims
are clearly a barometer of the larger economic picture and are more of a
coindicator than a leading indicator. This chart shows that initial jobless
claims(upside down) and the S&P 500 move in concert. Over a month or two,
if they start moving in wildly different directions, it’s a good bet that one
of them is wrong.
Special thanks
to my colleagues, statistical wizards
John Ray and Scott DeCarlo
for their assistance in constructing this chart.’
Dick Bové:
Lost Finance Jobs Are Gonna Stay That Way…FOREVER
S&P
Reaches Possible Reversal Point at Minyanville
Moody's
cuts Portugal to junk, warns on 2nd bailout
John
Mauldin: My View on the Last Half of the Year at Minyanville
By John Mauldin
Jul 05, 2011 ‘What does the end of QE2
mean? What can we expect from Europe? Is a commodity bubble getting ready to
burst? Is it really a bubble? Editor's
note: The following was originally published by John Mauldin on July 2, 2011.
We are halfway through the year, and what a ride it has been. Today I will
share my thoughts on what the next six months could look like, and endeavor to
keep it short and simple, as we have a holiday weekend. There will be more than
a few charts. What does the end of QE2 mean? What can we expect from Europe? Is
a commodity bubble getting ready to burst? Is it really a bubble? There is a
lot to cover.
I recorded a PBS show a month or so ago, and it is airing this weekend on a
number of stations around the country, so look for details at the end of the
letter. Now let’s jump in.
We Should Be OK, Except…
The economy should be in Muddle Through range (around 2% growth), absent any
shocks. For instance, today we had the June ISM number, which was stronger than
most analysts expected, at 55.3. There was a lot of whispering that it could
dip below 50. Some of the internal components were a little soft, though. New
Orders were barely above 50. And Backlogs fell below 50. Exports fell to the
lowest level in two years (more on that below). Of the 18 industries surveyed,
only 12 reported growth.
But Muddle Through is not going to allow us to really cut into the unemployment
problem. We need at least 3% and most economists think we need to see 3.5% to
result in some real strong jobs numbers for several months in a row. That just
doesn’t seem to be in the cards. Richard Yamarone at Bloomberg is calling
for a recession by the end of the year, and he sent me a rather vivid
PowerPoint of his latest thoughts. Let me share a few of those slides with you.
The following chart shows what I mean by Muddle Through not being enough to
really cut into unemployment. As GDP seems to be slowing rather than picking
up, the correlation between employment and growth is not encouraging. And if
you look at the NFIB (National Federation of Independent Businesses) data,
small businesses are not really back in the hiring game, and that is where the
action needs to happen. We will see a new survey next week, but I doubt we will
see a major jump in expectations.
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%201.jpg
About two years ago I wrote a rather lengthy piece about why unemployment would
be a problem until at least the middle of the decade. When you lose 8 million
jobs, with about 2-3 million of those jobs permanently gone, it is tough to dig
out of the hole. We can’t look to housing construction to be the driving force
that it once was for another 3-4 years, and commercial construction is falling.
I was talking to a
friend yesterday who is a director on two local bank boards.
He pointed out that while the government wants banks to lend, the regulators
(the Fed) are basically saying they can do development loans without very large
equity components. They want 50% loan-to-value of very-reduced valuations.
Let’s look at two charts from Rich. One shows commercial construction and the
other shows regional and strip mall vacancies. Construction spending for May
2011 fell 0.6% below its revised level in April, and is 7.1% below its May 2010
level. This is not the stuff that makes real estate moguls want to part with
their cash. Nor does it bode well for construction jobs.
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%202.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%203.jpg
OK, only two more charts from Rich (Over My Shoulder subscribers can see the
whole thing. More on that below.) The first is the smoothed ECRI (Economic
Cycle Research Institute) index over the last 20 years. We can see it turning
over. The ECRI weekly leading index decreased to 126.4 for the week ending June
24, from an unrevised 127. The smoothed, annualized growth rate fell to 2% from
an unrevised 2.9%. The ECRI WLI has been consistently losing momentum in recent
months, adding to concerns about the sustainability of the recovery.
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%204.jpg
The ECRI itself points out that their index is simply signaling a weakening
economy but does not signal a recession. And you can see that there have been
similar downturns in the past without a recession or even a recovery. But the
recent trend is disconcerting and must be watched.
And the last chart is one I had not seen before, and is interesting. Rich notes
that if year-over-year GDP growth dips below 2%, a recession always follows. It
is now at 2.3%.
Growth is clearly decelerating. Look at the growth numbers from the St. Louis
Fed website for the last six quarters:
2009-10-01 13019.012
2010-01-01 13138.832
2010-04-01 13194.862
2010-07-01 13278.515
2010-10-01 13380.651
2011-01-01 13444.301
It will be very interesting to see, at the end of the month, what the numbers
are for the second quarter. Another quarter like the first quarter and we
should either be close to or actually dip below 2%.
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%205.jpg
What Happens If There Is a Shock?
The problem with a slow-growth economy that is basically at stall speed is, if
there is any type of “exogenous” shock, the economy can easily tip over into
recession. There are several potential sources of a shock coming from the
outside the US.
The first is from Europe. I have been writing about this for a very long time.
It is the number one thing in my worry closet. We have dodged a short-term bullet
with Greece and Europe coming to terms this week, but in late July they will
have to find AT LEAST €50-70 billion more euros in loans and rollovers, and
then more next year. Without projected asset sales it could reach €100 billion
very easily. And willpower is waning on the part of creditor countries.
Opposition against throwing good money after bad is increasing, as recent polls
in Finland, Germany, the Netherlands, and Slovakia have shown. How long Merkel
can hold her coalition together in the face of growing discontent is not clear.
Powerful, authoritative voices in Germany are starting a daily chorus of
chanting “no” to more bailouts. ‘
[$$]
Once Again, Gold Makes Sense at TheStreet
Top 3
Reasons Markets Were Mixed After Last Week’s Gains Wall St. Cheat Sheet ‘ With five straight days of gains, the markets had
their best week in two years leading up to the Fourth of July weekend. But as
we return from the weekend’s fun in the sun, markets are mixed, with only the
Nasdaq (NASDAQ:QQQ) showing minor gains.
Markets closed
mixed on Wall Street today: Dow -0.10% , S&P -0.13% , Nasdaq +0.35% , Oil
+2.02% , Gold +2.25% .
On the
commodities front, Oil (NYSE:USO) jumped back up to nearly $97 a barrel.
Precious metals also took a turn, with Gold (NYSE:GLD) rising to $1,516, while
Silver (NYSE:SLV) was up 5.49% to $35.56.
Today’s
markets were mixed because:
1) Portugal
may be the new Greece . Moody’s cut Portugal’s credit rating by four levels to
Ba2, two notches into junk territory . Moody’s says Portugal will need a second
bailout, like the one currently being planned for Greece, before it can return
to capital markets.
2) May factory
orders . This data may have been the one bright spot in a gloomy day of
trading, and along with energy sector gains, one of the only reasons markets
weren’t as bad as they could have been. New orders for manufactured goods rose
$3.5 billion in May, or 0.8%, to $445.3 billion after decreasing 0.9% in April.
3) Poor
financials. Stocks dropped today for the nation’s biggest financial firms:
JPMorgan (NYSE:JPM), Bank of America (NYSE:BAC), Citibank (NYSE:C), Goldman
Sachs (NYSE:GS), Wells Fargo (NYSE:WFC), Morgan Stanley (NYSE:MS), and just
about every other financial stock trading on the NYSE. And when the banks have
a bad day, everyone has a bad day. The New York Stock Exchange’s gainers were
roughly even with decliners in today’s trading…’
First-Half
Proves ‘Humbling’ For Paulson, Einhorn & Ackman
What
Country Is the Safest Place to Invest Your Money? (CNBC)
[ Wow! Pervasively corrupt, defacto bankrupt america is # … 15 … orwellian
england is # … 22 … keep ‘dem’ wars rollin’ … they do wonders for the economy!
] ‘ Norway is the least-risky nation on
the planet, Greece is the riskiest country, and the debt of the United Kingdom
is surprisingly suspect relative to other developed nations, according to a new
index of sovereign risk just released by the largest publicly traded asset
manager.
The Nordic country “benefits from extremely low absolute levels of debt,
a strong institutional context and very limited risks from external and
internal financial shocks,” said Benjamin Brodsky, head of fixed income asset
allocation at the firm, which has $3.65 trillion under management.
BlackRock created the investing tool to capitalize on macro themes that have
dominated headlines as Europe’s woes and the U.S. debt ceiling become the biggest
issues of 2011. Macro investing has also seen more inflows than any other
hedge-fund category this year, according to a number of surveys.
The asset manager attempts to go a step further than just the usual
debt-to-gross-domestic-product ratio analysis. It also factors in an exhaustive
list of metrics that fall under four broad categories: proximity to distress,
external finance position, banking sector health and willingness to pay.
“The high correlation between the BlackRock Sovereign
Risk Index and CDS spreads suggests that we have identified significant drivers
of sovereign risk, even while avoiding direct inclusion of market-based
measures in the index,” states the report.
Other notable surprises in the 44-country index, which assigns a single
score to each nation, are Canada at No. 6, the U.S. at 15th just behind China
and the U.K. at 22, with a negative “risk index score.”
The U.K., a prime example of the broad factors the index takes into
account, is behind countries including Russia and Peru because of its weak
banking sector.
“While the country’s institutional strength
and integrity is notable, and it is insulated from external financial shocks,
its weakness is attributable to a weak fiscal space profile, while contingent
liabilities to the financial sector drag,” states the report. “In addition, the U.K.’s growth of credit has
outpaced GDP in recent years, a hallmark of a bubble.”
Rounding out the bottom five of the index, following Greece, are
Portugal, Venezuela, Egypt and Italy. Sweden, Switzerland, Finland, and
Australia are among the top five for your money. But the highest score, by far,
is the debt of Norway.
“They’re oil rich and fiscally conservative,” said Larry McDonald,
author of "A Colossal Failure of Common Sense, the Lehman Brothers
Inside Story." The country has about $300,000 per person in oil
reserves, according to McDonald, who gave a speech at a bank in the country
last year.
Norway’s
GDP per capita is the seventh-highest in the world, and it is the ninth-biggest
oil exporter in the world, according to the CIA World Factbook. Besides
petroleum products, the country’s biggest exports are machinery, metals, chemicals,
ships and fish, according to the CIA…’
And it is not just Greece. After Greece is dealt
with, the eurozone must deal with Ireland and Portugal. And the market is
increasingly suggesting there is more risk there than the area can handle. Look
at the graph below, which shows the steady rise of interest rates for Ireland
and Portugal. This looks like Greece not so long ago. And Portugal now has
higher rates than Ireland. This means that both countries are effectively cut
out of the private market. (www.ifr.com)
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%206.jpg
Both countries keep saying they are not Greece, but the bond markets are not
buying it. And as I noted last week, when Greece defaults, and they will at
some point, the contagion to other countries will be quick and severe. And
Spain will be included. The Italian bank index has been in free fall of late.
Money is flying out of Greek banks. Indeed, deposits in all the peripheral
countries are falling. It is quite possible we get a credit or banking crisis
in Europe before we get a sovereign default crisis. The longer Greece waits,
the more they try and kick the can down the road, the worse it gets for their
banks. And Greece has NO money to bail out its banks. Look at this graph from
Bridgewater:
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%207.jpg
And quoting Bridgewater (one of the more brilliant sources of information in
the world):
While
the focus is for the moment on the question of bridging Greece’s immediate funding
need, it’s important not to lose sight of the bigger picture, which is that
indebtedness is not the periphery’s only problem, and is in many way only a
symptom of the structural imbalances (extremely negative current account and
budget deficit) that plague it. No amount of funding will change the fact that
the periphery continues to be extremely uncompetitive; that in order to become
competitive, it needs to become much cheaper; and that as long as it continues
to be a member of the euro, the only way to achieve this is through sustained
wage cuts and deflation that would need to be dramatically more extreme than
the adjustments they’ve experienced thus far.
This could put Europe into a recession. And that is not good for US exports or
for China. China is already in tightening mode. A hard landing is still too far
away to call, but things could get softer, which will definitely affect
commodity prices, which are already rolling over.
And Then There Was No QE
And as of today, the only QE will be that of the Fed taking the drawdown on its
mortgage book and using it to buy Treasuries, which it has been doing. The
markets are going to have to come up with $50 billion in bond purchases, and
the recent auctions have not been all that good. I know the markets liked the
ISM numbers, but a lot of the rise this week was quarter-end gaming by mutual funds
and money managers. Let’s see if there is follow through in July. The last time
QE was stopped the markets swooned. That is only a data point of one, but it’s
all we have.
I think this is a very risky next six months. Maybe we avoid a crisis somewhere
that affects the US and thus the world. If we do, if Europe can kick the can
down the road another six months, then while a slowdown seems to be in the data,
it is not yet suggesting a recession. I would be very careful about any
long-only trades, whether it be stocks or commodities or bonds. We just don’t
know – there is less certainty than at almost any time I can remember.
“Endgame” Program
“ENDGAME: The End of the Debt Supercycle and How It Changes Everything,” a
program I recorded with McCuistion TV of Dallas, will air on Sunday, July 3, at
12:30 PM on KERA, Channel 13, Dallas, and also on other PBS stations around the
country. You can also view
the entire episode next week on the McCuistion website.
Tulsa for the 4th
My twins, Abigail and Amanda, live in Tulsa; and this year they have demanded
that Dad come to them. It was their birthday last Thursday, so we will
celebrate their 26th. Fireworks on the 3rd after the birthday dinner! For
whatever reason, I do like a great fireworks display. Always have.
It seems like just a few months ago that we went to the Dallas Airport and saw
them for the first time, at six months old. They grew up so fast. The picture
below is from the cover of Twins magazine, sometime in 1987, I think.
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20image.jpg
Too cute, yes? And they grew up into such beautiful young ladies, both inside
and out. One was Homecoming Queen and the other Senior Queen. One of the most
touching moments in my life was when one of them won Homecoming Queen and the
other just glowed with love and affection for her sister. Not a hint of
jealously. I caught it in a picture, one of the few times that Dad actually had
the camera in the right place at the right time. And Dad maybe had a moist eye
or two. Dad is proud, and justifiably so.
As it turns out, my good friend Louis Gave of GaveKal married an Oklahoma girl,
and her family lives about 90 minutes away from Tulsa on a lake somewhere in
Oklahoma, where he visits his in-laws for month every year, with their four
kids in tow. Brave man that he is, he has invited my clan to come over on the
4th for lake time and BBQ, and there was an enthusiastic “Yes” from the five of
my kids who will be in Tulsa, plus spouses and other friends! So the Mauldin
horde will descend on the Gave tribe and see just how much food they really
have stored up for invasions.
Have a great 4th of July if you are in the US or celebrating as an expat in
some remote locale. It promises to be a good one for Dad, and getting to spend
time with Louis is a bonus. He is simply one of the smartest financial
minds I know.
Editor's Note: This content was taken from John Mauldin's weekly E-Letter,
Thoughts From the Front Line. See more at John's home page.
Stay on top of the best financial news and commentary on Wall Street by
following us @Minyanville.’
Europe
Persists in Seeking a Solution for Greece New York Times |
European bankers said that they had not given up on effort to help sort out
Greece’s finances, a day after a major ratings agency said it would consider
Greece to be in default.
ECB
unlikely to walk away from Greek banks MarketWatch |
Tensions rising between central bank, ratings companies.
JPMorgan
Chase’s Jamie Dimon as New U.S. Treasury Secretary? Zero Hedge
| Relentless printing of new bonds would necessitate round after round of QE.
ECB Will
Continue to Accept Greek Debt Financial Times | The
European Central Bank will continue to accept Greek debt as collateral for
loans unless all the major credit rating agencies it uses declare it to be in
default.
The
ECB Already Has A ‘Plan B’ In Case The Ratings Agencies Wreck The Greek Bailout
Business Insider | The big chatter over the last few days has
concerned the ratings agencies, and whether they would torpedo the Greek
bailout.
Moody’s
July 4 Bomb: Rating Agency Finds 10% Of Chinese GDP Is Bad Debt, Claims “China
Debt Problem Bigger Than Stated” Tyler Durden | The timing
on the earlier pronouncement that rating agencies may have found religion could
not have been better.
US worse than Greece? RT
| Max talks to economist Yanis Varoufakis about the bailout and
austerity packages for Greece.
The
back-office power brokers Experts in managing troubled loans of commercial
real estate see their fortunes rise in the recession. (Washington Post) [
Kinda’ like a ‘heck of a job, brownie’ (Katrina) moment. Foreclosure
backlogs swell nationwide States are wrestling with backlogs, exacerbated
by homeowners who continue to fall behind on payments. Foreclosure
properties become eyesores Foreclosures
pit suburbia against Wall Street (Washington Post) [ It aint just the foreclosures that pits
people against wall street and it aint just suburbia. No, there is no
modern day alchemy that spins worthless paper into gold except fraudulently for
the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing
out’ for hard currency and gold, precious metals, at everyone else’s expense
including main street. The catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and now ‘no-recession-helicopter-ben-bs-bernanke’
has failed miserably except for the frauds on wall street who
commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed! Jobless
claims worse than expected at 428,000
I thought the following was interesting: 15
Worst Housing Markets for Next 5 Years - Business Insider
Provided by The
Business Insider's Gus Lubin and Linette Lopez ‘If you bought a home in Miami in 2005, we're sorry: over the
following six years it depreciated in value by more than 54.3%.
And the
rebound -- if there is a rebound -- won't come soon.
Between
Q2 2011 and Q2 2016, Miami home prices will decline at an annualized rate of
0.7%, according to data
provided by Fiserv Case Shiller.
Fiserv
identified 15 housing markets that will appreciate at an annualized rate of
less than 1.5% -- a pretty lousy investment. If you stay out of these markets,
the national average is slightly better at 3.7%.
Here are
the 15 Worst Housing Markets For The Next Five Years
The worst
place to invest: Miami, Florida
Cumulative
growth from 2005 to 2011: -54.3%
Annualized
growth from 2011 to 2016: -0.7%
Trough: Q3
2012
The
second worst place to invest: Atlantic City, New Jersey
Cumulative
growth from 2005 to 2011: -34.05%
Annualized
growth from 2011 to 2016: 0.2%
Trough: Q3
2012
3. Nassau
County, New York
Cumulative
growth from 2005 to 2011: -27.3%
Annualized growth
from 2011 to 2016: 0.7%
Trough: Q4
2011
#4 (tie)
Fort Lauderdale, Florida
Cumulative
growth from 2005 to 2011: -52.9%
Annualized
growth from 2011 to 2016: 0.8%
Trough: Q4
2012
#4 (tie)
Midland, Texas
Cumulative
growth from 2005 to 2011: -40.95%
Annualized
growth from 2011 to 2016: 0.8%
Trough: Q1
2009
#4 (tie)
Washington, D.C.
Cumulative
growth from 2005 to 2011: -28.1%
Annualized
growth from 2011 to 2016: 0.8%
Trough: Q1
2009
#7
Abilene, Texas
Cumulative
growth from 2005 to 2011: -18.9%
Annualized growth
from 2011 to 2016: 1.0%
Trough: Q1
2009
#8
Morgantown, West Virginia
Cumulative
growth from 2005 to 2011: -4.15%
Annualized
growth from 2011 to 2016: 1.1%
Trough: N/A
#9 (tie)
Austin, Texas
Cumulative
growth from 2005 to 2011: 2.63%
Annualized
growth from 2011 to 2016: 1.2%
Trough: Q4
2012
#9 (tie)
Waterloo-Cedar Falls, Iowa
Cumulative
growth from 2005 to 2011: -2.73%
Annualized
growth from 2011 to 2016: 1.2%
Trough: N/A
#11 (tie)
Baton Rouge, Louisiana
Cumulative
growth from 2005 to 2011: -14.48%
Annualized
growth from 2011 to 2016: 1.4%
Trough: Q1
2012
#11 (tie)
Amarillo, Texas
Cumulative
growth from 2005 to 2011: -10.5%
Annualized
growth from 2011 to 2016: 1.4%
Trough: Q4
2012
#11 (tie)
Lancaster, Pennsylvania
Cumulative
growth from 2005 to 2011: -5.15%
Annualized
growth from 2011 to 2016: 1.4%
Trough: Q2
2012
#11 (tie)
Monroe, Louisiana
Cumulative
growth from 2005 to 2011: -11.31%
Annualized
growth from 2011 to 2016: 1.4%
Trough: N/A
#11 (tie)
Shreveport, Louisiana
Cumulative
growth from 2005 to 2011: -10.38%
Annualized
growth from 2011 to 2016: 1.4%
Trough: Q3
2011 ‘
National / World
Is a U.S. Default Inevitable? Patrick J. Buchanan |
Is America then headed for an inevitable default? As President Bush prepared to
invade Iraq in September 2002, the head of his economic policy council,
Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200
billion. Patrick J.
Buchanan July 5, 2011
Lindsey had
committed candor, and the stunned Bushites came down on him with both feet.
“Baloney,”
said Donald Rumsfeld. The likely cost would be $60 billion, said Mitch Daniels
of the Office of Management and Budget. We can finance the war with Iraqi oil,
said Paul Wolfowitz.
By year’s end,
Lindsey was gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”
And the cost
of the Iraq War? It has passed $1 trillion.
So Lindsey is
worth listening to. And he is now saving that the Obamaites may be wildly
underestimating the deficits America is going to run in this decade. Here is
why.
The average
rate of interest the Fed has had to pay to borrow for the last two decades has
been 5.7 percent. However, President Obama is projecting the cost of money at
only 2.5 percent.
A return to
the normal Fed rate would, by 2020, add $4.9 trillion to the cumulative
deficit, says Lindsey, more than twice the $2 trillion in savings being
discussed in Joe Biden’s debt-ceiling deal.
Second, Obama
is estimating growth in 2012, 2013 and 2014 at 4, 4.5 and 4.1 percent. But the
normal rate for a mature economy recovering from recession is 2.5 percent.
Hence, if we
return to a normal rate of growth, rather than rise to Obama’s projected rate,
says Lindsey, that would add $700 billion to the deficit over the next three
years and $4 trillion by 2020.
Taken
together, a U.S. return to a normal rate of growth of 2.5 percent, higher than
today, and a normal rate of interest for the Fed could add as much as $9
trillion to the deficits between now and 2020.
New taxes on
millionaires and billionaires who ride around in corporate jets can’t cover a
tenth of 1 percent of these deficits.
Writes
Lindsey, “Only serious long-term spending reduction in the entitlement area can
begin to address the nation’s deficit and debt problems.”
His conclusion is logical, but seems impossible to
achieve when both parties are talking of taking Medicare and Social Security
off the table. Which makes his final point all the more compelling:
“Under current government policies and economic
projections, (bondholders) should be far more concerned about a return of their
principal in 10 years than about any short-term delay in interest payments in
August.”
Lindsey is saying that the probability of U.S. bonds
losing face value through inflation or default is high, given the size of the
deficits we will be running and the improbability that any deficit-reduction
plan now out there can significantly reduce them.
Standard & Poor’s and Moody’s are already talking
of downgrading U.S. debt if the debt ceiling is not raised by early August.
Is America then headed for an inevitable default?
One Chinese economist is already accusing us of
defaulting, as the Fed’s flooding of the world with dollars has seen the dollar
lose 10 percent of its value against other currencies in the last year.
Holding $1 trillion in U.S. debt, China has watched
the purchasing power of that U.S. paper plummet. Understandably, Beijing fears
that if we ever pay back all they have lent us, it will be in U.S. dollars of
far lesser value.
What should House Republicans do?
Stick to their principles and convictions.
For the cause of the deficit-debt crisis has been the
explosion in federal spending under Barack Obama to the largest share of the
U.S. economy since the climactic years of World War II.
Administrations of both parties contributed to this
rise in the federal share of gross domestic product. But the GOP committed
itself in 2010 to rein it in, without raising taxes. On that pledge the GOP
triumphed and should keep its commitment.
First, because it is a solemn undertaking with a
nation disgusted with politicians who say one thing and do another. Second,
because our fiscal crisis, like Europe’s, is a result of too much government,
not too little revenue. Third, because there is no credible school of economic
thought that says raising taxes on the productive sector when one in six
workers is unemployed or underemployed is the way to prosperity.
Under Obama these past two years, the nation relied
on the U.S. government to pull us out of the ditch. But Obama’s $787 billion
stimulus, his three deficits of 10 percent of GDP, and Ben Bernanke’s tripling
of Fed assets by buying the bad paper of big banks and $600 billion in U.S.
debt all failed.
For Republicans to agree now to a tax increases that
would violate their principles, their promises to the voters and their basic
philosophy — and be icing on the cake of Obama’s debt-ceiling increase — would
be politically suicidal.
Indeed, were the Republican Party to do this, it
would raise the question of why we need a Republican Party.
These might be related:
- Is a U.S. Default
Inevitable?Share… By Patrick J. Buchanan We were blindsided. We
never saw it coming. So said…
- Let Russia Default!Share… By Patrick J.
Buchanan – June 9, 1998 Why would Republicans even think of…
- Is a Bond Crisis
Inevitable?Share… By Patrick J. Buchanan With Christmas shoppers
out in force and the stock market…
- Is Obama
Only Postponing the Inevitable?Share… By Patrick J. Buchanan In deciding to pull
all of the 30,000 troops from…
- Was the Holocaust
Inevitable?Share… by Patrick J. Buchanan “What Would Winston Do?”
So asks Newsweek’s cover, which features…
- Obama Blows up the
BridgeShare… By Patrick J. Buchanan “Rather than building bridges, he’s
poisoning wells,” said Rep. Paul…
- Fatal Flaw of
DemocraciesShare… by Patrick J. Buchanan “We just can’t afford
it!” Not long ago, every America…
- Socialist RepublicShare… By Patrick J. Buchanan
Barack Obama and George W. Bush seem to have come…
- America’s Bubble EconomyShare… By Patrick J.
Buchanan – April 28, 1998 Now that the Dow has crossed…
- Pitchfork TimeShare… By Patrick J.
Buchanan In his campaign and inaugural address, Barack Obama cast
himself…’
U.S.
debt limit affects world finances The stand-off between congressional
Republicans and the Obama administration over raising a legal limit on how much
the nation can borrow has been filled with dire warnings about what will happen
if the U.S. government fails to pay its debts. (Washington Post) [ Stand-off …
that’s rich … or in terms of prevalence and consequence, poor. The term brings
to mind, in a manner of speaking, a shoot-out. And, further brought to mind is
a visual where all pervasively corrupt, defacto bankrupt america’s venal,
incompetent politicians / power-brokers / lobbies / players form a big circle
and in unison fire at will at the invisible target in the middle. Parties
at odds on deficit reduction Lawmakers in both parties plot strategies that
could make the deal difficult to find common ground. (Washington Post) [ Yes …
Odds on … favorite … a lose / lose solution. The realistic scenario brings to
mind that old adage that, ‘you can’t make a silk purse out of a sow’s ear’ …
and, yeah, the reality is all that bad. A
debt ceiling leadership failure On Leadership | Congress’s failure to fix
the budget deficit is due to fundamental differences of opinion on the role of
government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the
budget stalemate) falls (Washington Post) [Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest
market collapse may begin by June 30th Dennis Slothower is one of the world’s
leading technical analysts. He’s one of the few advisors whose readers
completely avoided ALL losses during the disaster that was 2008. And now he’s
issuing another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as June 30th– so
it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [
Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds
like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final
say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T;
you know, ‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from those
of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so
positioned abroad would have represented a positive addition to the gene pool
which, borrowing from an insurance term, viz., adverse selection, springs forth
the notion of inevitability to the genocide of the indigenous populations while
guaranteeing the decline we see throughout this foundering nation. The effects
of these negative predispositions toward inherent criminality is certainly
being felt globally as well as domestically and has little to recommend it. My
own direct experience with the region(s) (particularly new jersey, new york,
virginia, connecticut, california) carves out no exception for the prevalence
of the worst of human nature; which is now collectively and pervasively
americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer)
is one of those typically with a ‘pre or post’ arrangement, whether implicit or
explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt,
defacto bankrupt, fallen america.
Indeed, the scenario typifies that national drain / sinkhole new york (new york
/ new jersey metro) where, for example, FBI informants were routinely exposed
by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings /
Volkman Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Paul Joseph Watson: 2011 – World In Crisis PrisonPlanetLive
| Paul Joseph Watson talks to WeAreChange Birmingham about the staggering
amount of crises to hit the globe so far in 2011.
Will Strauss-Kahn Be The Next President Of France? Paul
Craig Roberts | Eight years after she went, Strauss-Kahn’s French
accuser says she didn’t know what it meant.
Libertarian Party Asks Florida Sheriffs To Arrest TSA
Agents Steve Watson | The Libertarian Party of
Florida has written to the sheriff of every county in the state demanding that
they arrest any TSA agent who conducts an “enhanced” pat-down.
Relentless Drive by Globalists to Kill the Constitution Kurt
Nimmo | Time Magazine article the latest in a series of attacks on
liberty.
TSA Violates Its Own Policy To Stem Tide Of Pat Down
Abuse Footage Paul Joseph Watson | The TSA is
intimidating passengers from filming security checkpoints before they land in a
bid to stop viral YouTube videos embarrassing the federal agency.
Nigel Farage: The Worm has Turned You
Tube | “I think there is a growing realisation both here and elsewhere
that the worm has turned, that we have seen the beginning of the end of this
extremely dangerous project.”
The Elite Are Not Even Trying To Hide How Much They Hate
The U.S. Constitution Anymore The American Dream |
In the United States today, it is becoming increasingly fashionable to openly
trash the U.S. Constitution.
Comic:
The Facebook Wall of the United States at Minyanville http://image.minyanville.com/assets/FCK_Jan2011/Image/Schuster/Facebook%20of%20America.gif
War
In Libya: NATO runs out of bombs, Germany going to supply munitions RT
| Germany steps up role in NATO war in Libya.
‘War
is a war even if they call it a humanitarian mission’ RT |
To discuss the significance of Germany’s latest move RT talks to political
blogger Rick Rozoff.
‘Mini-surge’
of U.S. Special Forces to hit AfghanistanStars and Stripes
| U.S. military leaders are working to replace some of the exiting American
conventional forces from Afghanistan with a “mini-surge” of U.S. Special Forces.
Sterner:
5 myths about NASA (Washington
Post) [ If you can’t get past the first myth; viz., that they actually set foot
on the moon, the other 5 so-called myths become irrelevant. Indeed,
post-Eisenhower, and certainly post-Kennedy-assassination / coup d’etat, NASA
was all military / military industrial complex (moreover, someone knowledgeable
about such matters said essentially that in explaining to my surprise the
transition to the shuttle program it was said there was greater military
application in same). In any event, Russia’s been doing quite a bit of ‘heavy
lifting’ vis-à-vis the space station, but not inordinately so. All I can say
with certainty is that the universe beyond this solar system is forever
protected / insulated. The fact is, they never set foot on the moon; and, in
light of the pervasive corruption in and defacto bankruptcy of the nation,
their perpetual wars toward making a hell on earth militate against anything
but trying to do even just a little bit better (for a start),
terrestrially. 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
A
fight over what we can keep In
Minnesota and elsewhere, the struggle is over what is promised versus what is
affordable. (Washington Post) [Will Your Pension Be
Worthless? Mac Slavo | We know the Federal and State
governments are in serious fiscal trouble.
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Minnesota government
shuts down Politico | Minnesota’s government shut down at
midnight local time Friday after six months of negotiations. Record
44.7 Million People Celebrate Geithner’s Departure And The End Of QE2 Through
Foodstamps Zero Hedge | April participation in
Supplemental Nutrition Assistance Program (SNAP), better known as “foodstamps”,
shows yet another record, this time 44.647 million people.
Debt
Increased More Under Geithner Than Under Any Treasury Secretary in U.S. History
CNS News | Timothy Geithner oversaw the largest increase in
the national debt of any Treasury secretary in American history.
MORE
CONFIRMATION: The World Economy Is Rolling Over Business Insider |
The latest batch of PMI data is confirming that the world economy is still
rolling over.
While
Criminal US Bankers Receive Golden Parachutes, Barbarian Afghanistan Has Just
Arrested Executives Of Failed Kabul Bank Tyler Durden |
Sometimes it is good to put things in perspective when comparing developed
democracies like America and barbaric despotic dictatorships like
Afghanistan. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins
Oscar for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billions from the fraud )
Drudgereport:
UPDATE:
Minnesota Government Shuts Down...
Washington
state closes tourism office...
Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya...(FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...)
Riot
police braced for violence as union protesters march in cities across the UK
and strike closes a third of all schools Riot police were put on standby in
anticipation of trouble in Central London, as anarchist group Black Bloc
threatened ‘a day of rage’ and 10,000 officers have had their leave cancelled.
Erik Wemple : Will Media Matters stay on Beck?
...probably will fall into a category like Alex Jones, who has an audience but
no influence,”says Rabin-Havt.. (Washington Post) [ If it was any newspaper
other than the Washington Post, I’d feel compelled to defend Alex Jones here.
After all, I do feel what he does to be important as alternative media /
information that much of mainstream is afraid to touch despite the verity of
same, and his and crew’s commitment of time and resources to same. Moreover,
his articles / links to same are highlighted and figure prominently on my own
website. However, I’m constrained to say that for all Jones’ emphasis on free
press and complaints against censorship, he / his hypocritically censored me
regarding what I deem to be eminently important; viz., not just describing what
is and the symptoms thereof, but the reasons including root causes therefore,
particularly from an historical, anthropological, evolutionary and
psychological perspective. With Alex Jones and crew, it’s always those
vegetable / so-called elite mental cases primarily from abroad in cahoots with
domestic vegetable / so-called elite mental cases; and, to be sure, there is
quite a bit of that, particularly from an Orwellian perspective. But, they are
mentally infirm, incompetent vegetables, after all; and inherently so. That
sad, pathetic group can’t possibly explain and be blamed entirely for the highest
crime rates in the world among so-called developed nations (and that’s just the
ones ‘caught’ / prosecuted / reported), among the bloodiest of civil wars, the
near genocide wrought upon the indigenous peoples of this land which was
literally stolen from them, the pervasive corruption that now envelopes this
war mongering though defacto bankrupt nation. Nor is the notion of ‘blue blood distinction’ a positive
and more likely a negative inasmuch as with rare exception (ie., Puritans,
infra, etc.) initial immigrants had less rational basis for coming to the wilds
of this new land and probably had few prospects in their home countries as
compared with later immigrants to whom could be attributed a rational decision.
In other words, for example, I believe the ancestral bushes would have been
criminals in their ‘nation of origin’, etc.. It is the notion of inherent
american criminality that I believe frightened Alex Jones et als the most and
their felt need to resort to censorship they so protest as to themselves. The
only paper / media /news disseminator I’ve found (I sampled many, including the
biggest) to be true to the first amendment while retaining the highest of
journalistic standards and quality is in fact The Washington Post (of
Washington no less where the temptation to greece (sic) grease the skids for
the pols in return for access must be great; instead, when the pols, etc., see
a Washington Post Reporter / Journalist / Correspondent the reaction is more of
a, ‘we better get our facts in order’; and I’m
not saying this to ‘stroke’ what I consider to be the last and truly only great
newspaper in america, viz.,’ The Washington Post’. While some may say my statistical sampling to be less than
random or large enough, I’d reply that such inferences are indeed accurate, and
that such disciplines as the simplex algorithm / management science, linear
algebra, statistics came very easily to me, and that I’d surely know the
difference. America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Watch
the Market, Not CNBC at Forbes
Should
You Sell into this Rally? [ Yes! ]
Simon Maierhofer July 1, 2011 ‘Buy
low, sell high. The major U.S. indexes a la Dow Jones (DJI: ^DJI), S&P
(SNP: ^GSPC) and Nasdaq (Nasdaq: ^IXIC) are higher today than many expected a
few weeks ago. Does that mean it's time to sell?
A
smart person learns from his own mistakes, a wise person learns from the
mistakes of others. Let's see where others have gone wrong in the past and what
it means for us right now.
Don't Be a Herd Seller
The
worst time to sell is usually when everyone else is selling (there's one caveat
we'll discuss in a moment). This was the case last summer when the term double
dip popped up everywhere.
Investors
who succumbed to selling double dipped themselves right out of the market at
the worst time.
A
similar pattern occurred just a few weeks ago. Within six weeks of the May 2
highs, investors turned nearly as bearish as they were during the 2010 summer
sell off. But there was one major difference. From April - June 2010 the
S&P fell over 200 points and stood as low as 1,010.
http://www.etfguide.com//contributor/UserFiles/8/Image/vital%20signs%20july%20yahoo.gif
The
recent slump only erased only as much as 110 points and saw the S&P no
lower than 1,255. Yet, sentiment became nearly as bearish as it was in June 2010.
From a contrarian point of view that was bullish (see chart above).
So Bad, It's Good
In
fact, things had become 'so bad, it's good.' The chart of the Citigroup
Economic Surprise Index shown below, along with the sentiment measures shown
above (both originally featured in the June 18 ETF Profit Strategy Newsletter),
suggested that the stock market (NYSEArca: VTI
- News)
was at the very least due for a relief rally.
http://www.etfguide.com//contributor/UserFiles/8/Image/Citigroup%20ESI%20-%20SP.gif
One
day before the actual low on June 15, the ETF Profit Strategy Newsletter wrote:
'The S&P is probing for a bottom. Technicals and sentiment data suggests
that a bottom has either been found or is close. A drop into the 1,259 - 1,245
range, would prompt us to close out short positions and leg into long positions.'
The very next day the S&P slid as low as 1,258 and has recovered nicely
since.
A Tough Call
Over
the recent past, we've become conditioned to expect that every sell off will
eventually lead to new highs. This was the case in January and April 2010 and
in March 2011.
But
the market is unpredictable and there is no such thing as a sure thing. In May
2008 for example, a spirited rally propelled the S&P (NYSEArca: VOO
- News)
all the way to 1,440 (it was at 1,255 in March 2008).
But
that was the end of the rope. Within less than a year the S&P lost more
than 50%. High-flying sectors like technology (NYSEArca: XLK
- News)
and financials (NYSEArca: XLF - News)
did much worse.
The
May 2008 rally retraced 57% of the December 2007 - March 2008 decline. The
current bounce has retraced 63% from the May 2 - June 16 decline. Discerning
eyes will see that this is more than the Fibonacci 61.8% retracement common for
counter trend rallies.
This
could well mean that new highs are on the horizon. However, the VIX (Chicago
Options: ^VIX) is currently back down to 15.38. Its May 2008 low was 15.82.
There
is also a target for a potential head and shoulders top and the 78.6% Fibonacci
retracement between 1,333 - 1,347. Any weakness in this area would be a red
flag while a push beyond the 78.6% retracement would be very bullish.
Should You Sell Now?
The
S&P is not there (1,340) yet, but when it gets there it would be worth
taking a stab at shorting the market with a tight stop-loss. Why?
It
could be a high reward trade. Negative sentiment can at times become a
self-fulfilling prophecy. When that's the case, the market moves quickly and
doesn't give investors a chance to lock in long profits and establish cheap
short positions (remember 2008?).
Entering
a short position against such resistance is a low-risk, high reward set up as
long as it's done with surgical precision and tight-stop losses (and the
flexibility to go long if resistance is broken).
We
know it works because we've successfully shorted against important Fibonacci
resistance of 1,369 (sell recommendation in May 1, ETF Profit Strategy Update),
while covering shorts and going long at support of 1,259 (buy recommendation in
June 15, ETF Profit Strategy Update).
Is
this approach fail proof? No. But here's why selling into resistance does work.
Imagine a car driving on a long road with a few traffic lights. If the car is
going to stop, accelerate, or make a U-turn anywhere on the road, it will most
likely be at a traffic light. If the S&P is going to reverse, it will
likely be at support/resistance …’
Going
Short the Dow at Minyanville / Dangerfield [ Because of the
inherently dangerous nature of short-selling (potential loss of more than your
investment, wiped out; though straddles, option strategies can militate against
said risk) I consider same more a speculation than investment strategy. Yet, in
this contrived, manipulated (for month, quarter, half window dressing),
overpriced market, I’m constrained to say that if you were so inclined to try
your hand at it, now would be a perfect time. ] The Dow, or the
way I play it the Diamonds (NYSE:DIA) ran right into that top Bollinger Band on
Thursday. Plus the weekly DIA shows a bounce from the bottom Bollinger
Band to the Middle Bollinger Band, where many rallies stall during a
downtrend. (I can’t really show this chart, but you can check it out on
Stockcharts.com) Friday is the end of the quarter. Can we go
higher? Of course. But my money’s going on a two to three hundred
point drop in the Dow. I think the shorts have covered and it’s about
time for the downtrend to reassert itself. I’m shorting the DIA in the
morning. Yes, I know I may have to pay some yield. http://blogs.minyanville.com/idril-dangerfield/files/2011/06/DIA-6-29-11-300x162.png
All
Dressed Up [ and nowhere to go … but down! ] at The Wall Street
Journal Mark Gongloff ‘The week-long stock rally got turbocharged
today, pushing the Dow easily into the black for the quarter and nearly
bringing the S&P with it. How long it lasts is a different story.
The Dow jumped
153 points today and is up 480 points, or 4%, in the past 4 days. This is the
biggest four-day percentage gain since last September. The Dow ended the
quarter 0.5% higher and is now 7% higher on the year.
The S&P
and Nasdaq each gained 1% on the day and are up 4% and 4.5%, respectively, for
the 4-day run. Both ended the quarter slightly in the red.
If there was
any downside to this up-fest, it was the financials, which gained just 0.4% on
the day. But they’re the only sector in the S&P 500 still down for the
year. Everything else is up, as are the Russell 2000 and the Dow Transports,
which dipped into the red for a while there.
Bonds,
meanwhile, have gotten crushed during this stretch, pushing the yield on the
10-year note up 35 basis points, from 2.8% to 3.15%. The dollar’s down, too,
with the euro surging to $1.45.
So what does
it all mean? Dave earlier pointed to signs the market may be expecting an economic rebound. So far we have only one Chicago PMI
report to support hopes of a big bounce in growth, but OK.
There’s also
Greece, whose day of reckoning has been postponed for a little while longer.
And finally
there’s quarter-end window dressing, which still seems to make a lot of sense
as a theory, given the utter lack of volume during the stock-buying frenzy
(though the bond-selling frenzy has seen quite a lot of volume).
To me, it
feels more like a combination of all three — we’re pricing out economic
collapse and an imminent Greek default, while also prettying up the numbers at
the end of the quarter.
Fair enough.
From here the sledding gets harder. The economic data aren’t going to be pretty
for a little while, and earnings expectations are too high. And QE2, which
boosted stocks by 25%, has sailed for the last time.’
Minyanville's
T3 Daily Recap: Was This Week's Rally Anything More Than 2nd Quarter
Window-Dressing? [ No! ] at Minyanville
Moody's
warns may downgrade U.S. muni debt ratings
Why The Dow Will Plunge To 7,000 By 24/7 Wall St. June 28, 2011 ‘One theory of economics says that any
market can return to a point where it has been in the past. The Great Recession
was, by some measures as bad as the Great Depression. Unemployment was 3.6% in
November 1966. It was at 4% in December 1999. There is no precedent for zero
unemployment, but those two periods came close.
Recent movements in the stock market could repeat themselves as
the economy lurches toward another recession. The DJIA fell to just below 6,630
on March 2, 2009. Back in October 2007, 17 months earlier, it briefly traded
above 14,000. What happened? The most frequent answer is the recession that
lasted from December 2007 until June 2009, a period determined by the National
Bureau of Economic Research, caused the collapse. The recession lasted 18
months, which made it the longest of any downturn since World War II.
The DJIA could drop below 7,000 again before the middle of next
year, down from 12,000 where it trades now. The market fell over 50% last 2008
and 2009. A correction to 7,000 this time would be 42%.
The major drivers of a sharp drop in the DJIA would be:
1. RECOVERY IS UNEVEN
Some regions of America are almost economically dead. The first
reason the market is likely to plunge is that the current recovery is a
35-state recovery and not a 50-state one. The US economy is not running on all
its cylinders now. It runs on about two-thirds of them during a good quarter.
There has not been and will not be much of a recovery in Nevada,
Michigan, Florida, California, Rhode Island, Ohio, Illinois, Louisiana, South
Carolina, and sections of Kentucky, Tennessee, Arizona, Idaho and Mississippi.
Some areas of these states lack important growth industries - particularly technology,
farming, oil drilling, or the large employment bases that accompany federal and
state government employee concentrations. Many areas that counted on
construction to bolster their economy can no longer do so. Unemployment will
stay at or above 10% in parts of these states and large cities like Las Vegas,
Detroit, Stockton, and Providence. Most have negative GDP growth. The US
economy cannot grow at a rate of 3% or better, which some economists are
forecasting for the second half of the year, if large regions of the
country are shrinking economically.
2. UNDERWATER MORTGAGES
More than a quarter of US mortgages are underwater. Economists
use several ways to measure the housing market disaster such as foreclosures,
delinquencies, home price drops, housing start and new and existing home sales.
None of these captures the heart of the market the way underwater mortgages
statistics do. A home with an upside down loan can rarely be sold without the
seller taking a huge financial hit. These homes are likely to become a
financial burden to the homeowners who cannot afford their mortgages and see no
hope that their houses will ever regain their value. Housing expert Robert
Shiller says home prices could drop another 10% this year. The ripple effect
from a rise in underwater mortgages will affect everything from bank earnings
to consumer credit to consumer spending. The real estate problem is a drag on
the economy and it is one that will get worse.
3. STOCKS ARE EXPENSIVE
Many market analysts believe that this is nearly a perfect time
to buy stocks. Yields on bonds are low. Gold price are unstable. The S&P
500 EPS will be $100 this year based on many forecasts. Is a twelve multiple on
that inexpensive? Perhaps. But if so, that indicates that the Dow should be trading
about where it is now. S&P 500 earnings, however, will start to decline
soon and in some industries they will disappear entirely. The process has
already begun among consumer products companies, retailers, grocery chains, and
transportation companies like airlines. Even tech firms like Oracle have
signaled that growth has slowed. Jim Cramer mentioned a long list of “cheap”
shares on “Mad Money” in October 2007. Stock looked “inexpensive” in late 2007.
That only lasted until corporate earnings collapsed.
4. INFLATION IS A PROBLEM
No matter what the Federal Reserve says, inflation is in full
bloom. The Bank for International Settlements just warned policymakers and
world leaders that central banks need to raise interest rates. Otherwise, the
BIS stated, the price of commodities will continue to march higher. Chinese
inflation hit a 34-month high in May despite rapid tightening by banks there.
The core of this rise was food prices, which were up 11.7% for the month. The
US cannot claim, at least for long, that it is one world and Asia, Africa, the
Indian subcontinent, and parts of South America are another. The prices of
critical commodities such as wheat, corn, oil, and cotton are well above where
they were two years ago, and with some occasional dips, are still rising.
Americans cannot afford higher and higher food and clothing prices when their
median incomes are not moving up. Inflation is a poison to consumer spending
and to the profit margins of companies that have commodities or
transportation-based businesses.
5. COMPANIES HORDING
Companies are still holding their cash. A McKinsey and Co.
report published in May stated that European and US companies have excess cash
of more than $2 trillion. Firms like Apple and Google have accumulated
multi-billion dollar cash hordes and have elected to hold that money even at
extremely low yields. Other firms like McDonald’s have elected to distribute
cash through share buybacks and high dividends. Most major banks have raised or
reinstated dividends. Cisco has begun to pay a dividend. Companies as diverse
as CVS/Caremark Corp., Family Dollar Stores Inc., and Schlumberger Ltd. have
raised their payouts. Dividends help people who own a lot of shares in the
companies in question. They do nearly nothing for people who hold small
portfolios or who are broke and unemployed. Cash not used to create jobs either
directly through hiring or indirectly through capital expenditure does not help
the economy.
6. EVERYONE'S SHEDDING THEIR WORKFORCE
Companies are no longer adding jobs and governments are laying
off employees. The May unemployment numbers told a story of a stagnant job
market. Recent jobless claim levels have confirmed it. The private sector has
become worried about GDP which has only grown by 2% recently. That is not
enough for many firms to decide to add significant numbers of workers. And,
unemployment rates are now being moved higher by government layoffs, a result
of the “new austerity." The new federal government budget is likely
to make matters worse. The Brookings Institution recently said in its
Government Employment and Economic Recovery that the single biggest threat to
the economic recovery of many cities is layoffs of government workers.
7. CHINA'S SLOWING ECONOMY
China’s economy will slow considerably. The economic dynamics of
China combine high food costs with faltering purchasing and manufacturing.
China’s factory output is no longer growing and it is entering what it would
view as a recession by the standards of the People’s Republic-a growth rate
well below its typical 10% of better. Goldman Sachs recently chopped its
forecast for China GDP. High oil prices contribute according to the investment
bank. Faltering demand for China’s exports is another. American exports to
China rose 32% in 2010 to a record $91.9 billion, and have surged 468% over the
past decade, according to the U.S.- China Business Council. Americans usually
complain about the heavy flow of China exports to the US. But, many American
industrial and service firms need China sales to bolster their bottom lines.
8. GREECE IS TANKING
Greece will go under and take many other small EU nations with
it. Austerity measures by Greece will not save it from default according to
most credit experts. Even if budget and wage cuts buy the nation some
time, the lack of stimulus will ruin a job market which already has a 40%
unemployment rate among its youth. Ireland and Portugal have similar problems.
A series of defaults among the nations may damage the bank and credit system
more than the collapse of Lehman. It will certainly decimate earnings and
balance sheets of many European banks. The EU portion of the global bank system
could go into a state of shock that would cripple the global credit process.
Another by-product of ruined banks is that access to the capital needed to
drive economic growth will disappear. A sharp slowdown of EU consumer spending
will cripple the US export economy, particularly if combined with a slowdown in
China.
Douglas A. McIntyre ‘
Fed’s
‘QE2’ leaves mixed legacy The Fed’s much-debated effort to boost the
economy by buying $600 billion in bonds ends Thursday. (Washington Post) [
Mixed? How ‘bout an undisputable legacy of failure, by the fed’s own words and
stated mission and purpose. And, count on more fake data; ie., today’s near
meaningless in terms of reality ‘fake’ jobs report which they hope will keep
the foos (fools) ball rolling on fraudulent wall street; viz., ‘The standard
unemployment rate most often used by the Fed is currently at 9.1%, up 90% since
Bernanke started. The more inclusive (realistic) U6 number stands at
15.8%, up 75% in the same period. The Civilian Participation Rate has
declined 2.87% to 64.2%.This is the lowest level the U.S. has seen since March,
1984. The decline amounts to 8,946,844 fewer Americans in the labor
force. Had they not dropped out because of a lack of jobs, the “official”
unemployment rate would be significantly higher. While we can debate the
meaning of the term maximum employment, it is clear that the jobs data has
deteriorated considerably since Bernanke took the reins at the Fed. ‘.
Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This
catering to fraudulent wall street was a loser ab initio! That so-called
‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan
and failed miserably except for the frauds on wall street who commissioned up
and down; and, make no mistake, those computer-programmed high-frequency
trading volumes have now been maximized for nation-economy-draining profits for
the frauds like never before and have never been higher. The QE and dollar-debasement
policies were always predictably inflationary, ultimately hyperinflationary,
particularly for stocks; that ‘feel good’ obfuscation that was but in reality
good only for the frauds on wall street. No, there is no modern day alchemy
that spins worthless paper into gold except fraudulently for the frauds on wall
street who’ve literally oftimes done exactly that; ‘cashing out’ for hard
currency and gold, precious metals, at everyone else’s expense including main
street. ] In his June 7
speech, Fed Chairman Ben Bernanke stated, “the best way for the Federal Reserve
to support the fundamental value of the dollar in the medium term is to pursue
our dual mandate of maximum employment and price stability, and we will
certainly do that.”
.. Bernanke’s
results .. since Ben took the reins:
Feb ’06 –
April ’11
|
Items in a Typical Budget |
% Change |
|
Food and Beverages |
16.54% |
|
Water and sewer and trash collection services |
31.88% |
|
Rent of primary residence |
13.82% |
|
Housing |
8.68% |
|
Fuels and Utilities |
11.93% |
|
Apparel |
4.83% |
|
Medical Care |
20.11% |
|
Gasoline (all types) |
65.12% |
|
Transportation |
23.36% |
|
Tuition, other school fees, and childcare |
29.28% |
|
Recreation |
2.87% |
..
The standard unemployment rate most often used by the Fed is currently at 9.1%,
up 90% since Bernanke started. The more inclusive (realistic) U6 number
stands at 15.8%, up 75% in the same period. The Civilian Participation
Rate has declined 2.87% to 64.2%.
This is the
lowest level the U.S. has seen since March, 1984. The decline amounts to
8,946,844 fewer Americans in the labor force. Had they not dropped out
because of a lack of jobs, the “official” unemployment rate would be
significantly higher. While we can debate the meaning of the term maximum
employment, it is clear that the jobs data has deteriorated considerably since
Bernanke took the reins at the Fed. ..
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
Matt Marcewicz
& Robert Barone, Ph.D.
.. ‘
Inflation
Expectations Are Heating Up
Geithner
weighs exit after debt deal is finalized Treasury secretary, who’s wanted
to leave for some time, won’t go without Obama’s support. Departure would come
as economy remains troubled. (Washington Post) [ Tiny Tim leaving? God bless us
everyone! Troubled economy? That’s an understatement! Troubled in part owing in
part to Tiny Tim’s incompetence and proclivity toward fraudulent wall street
(hey tiny tim, tell us what happened to that $4 trillion at the new york fed
when you headed same). Though, to be fair, tiny tim’s had plenty of company in
the incompetence department; viz., wobama the b (for b***s***), and, inter
alia, ‘no-recession-helicopter-ben-bs-bernanke’ … Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ] In his June 7 speech, Fed Chairman Ben Bernanke
stated, “the best way for the Federal Reserve to support the fundamental value
of the dollar in the medium term is to pursue our dual mandate of maximum
employment and price stability, and we will certainly do that.”…Let’s look at
the results of Bernanke’s economic “fine tuning” (using data from the St. Louis
Fed’s database, starting in February, 2006, through April 2011), and see if he
has successfully pursued this mandate…
Stable
Prices?
Stable prices
are one of the Fed’s primary mandates. In the table below, take a look at
what has happened to the prices of items in a typical U.S. consumer’s budget
since Ben took the reins:
Feb ’06 –
April ’11
|
Items in a Typical Budget |
% Change |
|
Food and Beverages |
16.54% |
|
Water and sewer and trash collection services |
31.88% |
|
Rent of primary residence |
13.82% |
|
Housing |
8.68% |
|
Fuels and Utilities |
11.93% |
|
Apparel |
4.83% |
|
Medical Care |
20.11% |
|
Gasoline (all types) |
65.12% |
|
Transportation |
23.36% |
|
Tuition, other school fees, and childcare |
29.28% |
|
Recreation |
2.87% |
… it is
clear that Bernanke has not been successful at maintaining price stability
since taking over as Fed Chairman. Mandate not accomplished.
Maximum
or Full Employment
Finding a
strict definition of maximum employment is impossible. Many economist
give different estimates, ranging from 2%-7%. The standard unemployment
rate most often used by the Fed is currently at 9.1%, up 90% since Bernanke
started. The more inclusive (realistic) U6 number stands at 15.8%, up 75%
in the same period. The Civilian Participation Rate has declined 2.87% to
64.2%.
This is the
lowest level the U.S. has seen since March, 1984. The decline amounts to
8,946,844 fewer Americans in the labor force. Had they not dropped out
because of a lack of jobs, the “official” unemployment rate would be
significantly higher. While we can debate the meaning of the term maximum
employment, it is clear that the jobs data has deteriorated considerably since
Bernanke took the reins at the Fed. Mandate not accomplished…
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding …’
Parties
at odds on deficit reduction Lawmakers in both parties plot strategies that
could make the deal difficult to find common ground. (Washington Post) [ Yes …
Odds on … favorite … a lose / lose solution. The realistic scenario brings to
mind that old adage that, ‘you can’t make a silk purse out of a sow’s ear’ …
and, yeah, the reality is all that bad. A
debt ceiling leadership failure On Leadership | Congress’s failure to fix
the budget deficit is due to fundamental differences of opinion on the role of
government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the
budget stalemate) falls (Washington Post) [Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest
market collapse may begin by June 30th Dennis Slothower is one of the world’s
leading technical analysts. He’s one of the few advisors whose readers
completely avoided ALL losses during the disaster that was 2008. And now he’s
issuing another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as June 30th– so
it’s important that you take action now to prepare yourself. StealthStocksOnline.com [ Oooooh! Bring in the big guns;
viz., ‘wobama the b’ (for b***s***) … sounds like a plan! After all, ultimately
it’s Mr. Teleprompter who’ll have the final say; and, it seems like wobama’s
got a lock on that ‘relationship with Mr. T; you know, ‘pecking order’ kinds of
stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half century).
Yet, such a conditioned psychopathic approach to global matters has led them
self-destructively, self-defeatingly, and ineluctably to decline, fall, and as
with dinosaurs, extinction, at least in a manner of speaking. Global
information exchange at lightning speed has made such throwbacks to a lost era,
propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
A
Mid-Year Review and Full 2012 Outlook Simon
Maierhofer, June
28, 2011,
Time flies.
The 2011 calendar year is already half over, and based on the main stream 2011
outlook, the market's performance surprised many. I forgot just how bullish
Wall Street and the media was when coming into 2011. Look at the headlines
below and you'll see what I mean.
'Get over your
fear and get back into stocks' - USA Today, 12-17-2010
'Bullish on
tech and 2011' - Barrons, 12-20-2010
'Don't see a
double dip for housing' - Morningstar, 12-29-2010
'Economic
rebound forecast for 2011' - Seattle Times, 12-12-2010
'Investor's
forecast: Sunny with a chance of overheating' - WSJ, 1-3-2011
'Why U.S.
stocks may finally be a good buy' - Mootley Fool, 1-3-2011
'Real estate:
Finally a good investment' - SmartMoney, 1-19-2011
'Why the
S&P is still a bargain' - USNews, 2-4-2011
'11 signs the
economy is on the right path' - MarketWatch, 2-10-2011
Judging the
media with 20/20 hindsight is always a blast, but I must admit that I was too
chicken to provide a full 2011 forecast via the ETF Profit Strategy Newsletter.
Vaguely
Accurate
Here's what I
told Investor's Business Daily when they asked me for my 2011 forecast
(published in IBD's December, 22, 2010 paper):
'The Fed is
creating a bubble to contain the damage left behind by the bust of the previous
bubble(s). QE2, as desired by the Fed, has led to indiscriminate buying of
stocks and commodities.
On a historic
basis, stocks are overvalued and set to deliver long-term pain, not gain. Based
on various sentiment gauges (Institutional Investor survey of newsletter
writers and American Association for Individual Investors' survey of retail
investors, the VIX, Chicago Board Options Exchange Market Volatility Index, and
CBOE put/call ratio), investors are as optimistic about rising prices today as
they were in late 2007.
Compared to
2007, unemployment has doubled, GDP has tumbled, Americans' desire to spend has
morphed into a new frugality and Europe has caught a contagious financial
virus. Based on sentiment, the cork may pop at any time, although I wouldn't be
surprised if the Fed's POMO (permanent open-market operations) activity can
keep prices afloat through much of 2011. The upside is risky and active traders
may follow the trend until it's broken.'
I admit that
the outlook was somewhat on the vague side but it steered investors in the
right direction - follow the trend but watch out for a correction and a
possibly significant market top. The chart below provides a glance at the
S&P's performance since January 1, 2011 along with various
support/resistance points outlined by the ETF Profit Strategy Newsletter.
http://www.etfguide.com//contributor/UserFiles/8/Image/spx%206%2027%2011.gif
One Month
at a Time
With the major
index stretched to the breaking point but momentum still strong, my strategy
was to tackle the market one month at a time. Initially it made no sense to
buck the trend, but by mid-February, the market seemed to have reached a
breaking point. On February 18, I warned via the ETF Profit Strategy Newsletter
that: 'A fast and steep sell off from current prices is possible.' However, 'If
stocks don't fall below 1,255 and 1,229 we expect new recovery highs later in
2011.'
February 18
was a Friday. The following Monday was a red-across-the-board kind of a day.
The Nasdaq (Nasdaq: ^IXIC) opened Monday 38 points lower than it closed Friday
and dropped an additional 39 points during the day.
Formerly
high-flying sectors like consumer discretionary (NYSEArca: XLY - News), industrials (NYSEArca: XLI - News), materials (NYSEArca: XLB - News), retail (NYSEArca: XRT - News) and technology (NYSEArca: XLK - News) followed suit. The S&P
(SNP: ^GSPC) dropped 23 points and the Dow (DJI: ^DJI) 177 points.
About two
weeks later, the Japan Earthquake news rocked the world and saw another wave of
selling. But, the S&P never closed below the 1,255 support and triggered a
low-risk buy signal the week of March 14 (March 20, ETF Profit Strategy
Update).
The up side
target was outlined in the April 3 update of the newsletter: 'There is a fairly
strong Fibonacci projection resistance at 1,369. In terms of resistance levels,
the 1,369 - 1,xxx (reserved for subscribers) range is a strong candidate for a
reversal of potentially historic proportions.'
Bearish
Case, Not Closed Yet
The S&P
climbed as high as 1,370 and has since dropped as much as 110 points. But once
again, support surrounding the 1,255 level has not been breached.
In essence,
the S&P is currently stuck in a technical vacuum. The trading range is
1,250 - 1,300. There are plenty of folks who still believe the 'bull market' is
not yet over while the investing crowd has turned notably bearish (generally a
bullish signal). From a technical point of view, new highs are still possible.
The
Presidential Election Cycle, which sports gang buster pre-elections year
performance, supports the idea of new highs later on in 2011. Naturally, the
incumbent President will do whatever he can to court Americans for their vote.
Financial
Trickery
Shenanigans
designed to 'bribe' investors include maneuvers like releasing a portion of the
U.S. Strategic Petroleum Reserve. According to the New York Times, tapping into
the oil reserve for frivolous reasons is a bad idea because the oil (NYSEArca: USO - News) will eventually have to be
replaced, usually at higher prices. But right now, the priority is to make
voters happy. Low gas prices will do just that.
Other
financial tricks include changing how the Consumer Price Index (CPI) is
calculated. Lawmakers are proposing to change the CPI methodology to include
changed spending patterns caused by price increase. For example, consumers tend
to drive less when gas prices increase.
This would
artificially lower the CPI and lower federal spending by around $220 billion
over the next decade. Passing such a proposal would surely be touted as a
victory in the battle against the debt ceiling while social security recipients
see their monthly checks shrink (social security payments are linked to the
CPI).
Another trick
is 'QE2-light'. Yes, even though QE2 is officially over, the Federal Reserve
will continue to reinvest maturing securities and buy Treasuries (NYSEArca: TLT - News) from banks (NYSEArca: KBE - News) at the rate of about $25
billion a month over the next year.
2011
Outlook
Quite frankly,
formulating a high confidence 2011 outlook right now is tricky (isn't it
always). But here is what we do know:
A major market
top is forming. The S&P reached the bottom end of our target range (1,369)
and was clearly rejected. We also know that crucial support at 1,255 has held.
Even though the market behaved like a significant top had been reached, it
failed to confirm it thus far.
The key
question is whether the upper end of our target range will be tested or not. At
this point it is too early to see, but that doesn't mean we are 'flying blind.'
The S&P
(and any other major index) won't rally to new highs unless they break key
resistance. Our strategy as of late has been to sell against resistance and buy
against support. This has worked like a charm. Once resistance is broken, we'll
buy against resistance and sell against support. This will keep investors on
the right side of the trade regardless of what the market has in store for us…’
Why your local Hospital could soon shut down
(StansberryNewsletter) http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR
Top 3
Reasons Markets Were Up For the Fifth Consecutive Day [ I don’t believe any of the data / reports which experience /
reality says, owing to desperation including pre-election year, is invariably
fudged, faked, fraudulent. ] July 1,
2011 ‘With five straight
days of gains, the markets close their best week in two years as we head into
the 3-day weekend.
Markets closed
up on Wall Street today: Dow +1.36% , S&P +1.44% , Nasdaq +1.53% , Oil
-0.76%, Gold -1.10% .
On the
commodities front, Oil (NYSE:USO) made a reversal, down 0.76%, settling
at $94.72 a barrel. Precious metals continued to decline for their second day,
with Gold (NYSE:GLD) dropping to $1,486, while Silver (NYSE:SLV) dropped 2.78%
to $33.87.
Today’s
markets were up for the fifth day in a row because:
1) Greece to
receive new bailout package. Markets have been up all week, first in
anticipation that Greece would approve austerity measures, then because they
had been approved and the country would likely receive the final 12 billion
euros in their aid package, and now because they might be receiving another 85
billion euros in a second aid package , funded by European nations, private
investors, and the IMF. And the good news keeps coming…
2) ISM
manufacturing index. The index showed that the manufacturing industry grew
significantly in June after economists had expected it to decline. This marked
the 23rd month in a row that the index showed growth, up 1.8 points from May to
55.3 in June.
3) Consumer
discretionary spending on the rise. The consumer discretionary sector is only
10 points below its bull market high from May 12, up 8.3% since June 16. Today
consumer discretionary stocks led the markets, though it may not be a sign of
consumer strength but “ credit-fueled shopping binges “…’
June
U.S. ETFs Trading Volume Ranking [Where the money’s going … into their
pockets and out of yours … in real economic terms, the now computerized
commissioned churn and earn is a substantial net negative and part of the
reason, along with the substantial frauds, economic decline will continue in a
very big way! ] at Bloomberg (Fri, Jul 1) The average daily volume for the past 20 trading days
of U.S. listed exchange-traded funds (ETFs) decreased 0.1 percent to 1280.2
million shares, from 1281.2 million shares a month earlier. The following table
ranks 1285 U.S. listed ETFs by their 20-day average trading volume…
June
U.S. ETFs Performance Ranking by Stylesat Bloomberg (Fri, Jul 1)
June
U.S. ETFs Trading Volume by Stylesat Bloomberg (Fri, Jul 1)
15
Worst Housing Markets for Next 5 Years - Business Insider
Provided by The
Business Insider's Gus Lubin and Linette Lopez ‘If you bought a home in Miami in 2005, we're sorry: over the
following six years it depreciated in value by more than 54.3%.
And the
rebound -- if there is a rebound -- won't come soon…’
Summer
Rally Arrives On Schedule With A Big But at Forbes Sy Harding
‘It’s remarkable how consistently the market moves in seasonal patterns.
For example,
it tends to make most of its gains in the winter months and experience most of
its corrections in the summer months, as expressed in the old adage ‘Sell in
May and Go Away’.
And just as it
did last year, this year the market made good gains in the winter months, then
topped out in late April, and was in a correction in May and most of June.
The
shorter-term seasonal pattern is that the market is usually positive in the
days surrounding the end of months, in what I have always called the ‘monthly
strength period’, and particularly in the days approaching and surrounding the
July 4 holiday. July also tends to be the most positive month in the market’s
unfavorable summer season. Thus the tradition of a summer rally.
After being
down eight of the previous nine weeks the market was short-term oversold going
into this week. My technical indicators triggered a short-term buy signal and
I’ve been predicting a brief short-term rally off the oversold condition, but
also that the tendency for the market to be positive in the days surrounding
the July 4th holiday, was likely to keep an oversold rally going
into a sustained rally for awhile.
It’s uncanny
how events usually work out with a timeliness that supports the seasonal
patterns. The seemingly endless stream of dismal economic reports continued
this week, but a couple of bright spots also showed up.
There was
relief that the Greek Parliament passed the painful austerity measures required
for Greece to receive additional bailout funds to prevent it from defaulting on
its debt (or at least postpone its potential default). The rally got an
additional boost from that.
And although
economic reports included that construction spending fell again in May, that
Consumer Confidence fell again in June (to a 7-month low), that weekly
unemployment claims remained high at 428,000 last week, there was also the
report that manufacturing activity, which has been declining for several
months, unexpectedly picked up some in June, with the ISM Mfg Index rising to
55.3 from 53.5 in May. That gave the market another big boost on Friday.
The ‘monthly
strength period’ is due to continue through Thursday of next week.
But it’s not
just seasonality that says the rally is probably only a short-term summer
rally, with the correction likely to resume to lower lows when the rally ends.
Technically,
volume in the rally is very light, less than 0.8 billion shares traded daily on
the NYSE, compared to as many as 1.6 billion on the down-days during the
correction. That indicates that large institutional investors selling during
the correction, are not believers in the sustainability of the rally and are
not participating.
Also
technically, the unusual spike-up of the last five days has the major indexes
already short-term overbought above their 21-day moving averages, the opposite
of their short-term oversold condition two weeks ago.
On the
economic fundamentals, another bailout of Greece, and a one-month bump in the
ISM Mfg Index are hardly an indication that the economic slowdown has ended,
given the continuing dismal reports on consumer spending, consumer and business
confidence, the depressed housing industry, and the jobs picture.
So enjoy the
rally. It arrived on schedule.
But be careful
about determining too quickly that it marks an important bottom or the end of
the global economic problems.’
Precious
Metals: Long-Term Trend Positive, but Correction Not Overat
Minyanville
See
It, Market: Gold and Silver Under Pressure at Minyanville
Third
Quarter Outlook: Life After QE ETF Trends ‘…markets have been propped up by artificial
support from the Fed …’
Will Your Pension Be
Worthless? Mac Slavo | We know the Federal and State
governments are in serious fiscal trouble.
US Fed’s QE2
stimulus ends with a fizzle AFP | Federal Reserve wound up
its $600-billion “QE2″ program to boost the ailing economy.
Record
44.7 Million People Celebrate Geithner’s Departure And The End Of QE2 Through
Foodstamps Zero Hedge | April participation in
Supplemental Nutrition Assistance Program (SNAP), better known as “foodstamps”,
shows yet another record, this time 44.647 million people.
Debt
Increased More Under Geithner Than Under Any Treasury Secretary in U.S. History
CNS News | Timothy Geithner oversaw the largest increase in
the national debt of any Treasury secretary in American history.
MORE
CONFIRMATION: The World Economy Is Rolling Over Business Insider |
The latest batch of PMI data is confirming that the world economy is still
rolling over.
While
Criminal US Bankers Receive Golden Parachutes, Barbarian Afghanistan Has Just
Arrested Executives Of Failed Kabul Bank Tyler Durden |
Sometimes it is good to put things in perspective when comparing developed
democracies like America and barbaric despotic dictatorships like Afghanistan.
Foreclosure
backlogs swell nationwide States are wrestling with backlogs, exacerbated
by homeowners who continue to fall behind on payments. Foreclosure
properties become eyesores Foreclosures
pit suburbia against Wall Street (Washington Post) [ It aint just the foreclosures that pits
people against wall street and it aint just suburbia. No, there is no
modern day alchemy that spins worthless paper into gold except fraudulently for
the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing
out’ for hard currency and gold, precious metals, at everyone else’s expense
including main street. The catering to fraudulent wall street was a loser ab
initio! That so-called ‘wealth effect’ market froth was used previously by
senile ‘maestro’ greenspan and now ‘no-recession-helicopter-ben-bs-bernanke’
has failed miserably except for the frauds on wall street who
commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed! Jobless
claims at 428,000 much worse than expected; and, don’t forget, these are
desperate ‘pre-election times’ when regardless of reality, factual and
otherwise (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt chicago
ISM is up as even their youth gangs are showing increased criminal activity
which probably accounts for the rise; ie., meth, crack labs, etc.?). Foreclosure,
distressed sales up, at least on paper with contracts signed, so no surprise
nor reason to cheer here, as markets worldwide jump on the american crazy train
for a short-lived bounce as all problems remain. This
is the same month end (and quarter, half) spurt / window dressing based on
b***s*** alone to keep the suckers suckered and an especially great time to
sell / take profits since there’s much worse to come! Talk about milking the
greek crisis for the umpteenth time a so-called solution (and there are loads
of greecy scenarios worldwide … I don’t
think so and neither does Schaeffer who says: ‘…even once such a package is passed it only buys
time. Actually fixing the fiscal condition of Greece is not something that can
be solved in a matter of weeks, or even months…‘ but
it’s great press for the churn and earn and to keep the suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. The rally into the close and
the previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the
suckers suckered and for ‘smarter money ‘ along with the frauds to sell into.
This is an especially great opportunity to sell / take profits while you still
can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
Another
Financial Crisis Is On The Way, Mobius Says Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th– so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of Economic
Decline In America ‘The US is in the middle of a devastating long-term
economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell ‘Are equities positioned for a nosedive? [Unequivocally, yes!
Jobless claims at 428,000 much worse than expected; and, don’t forget, these
are desperate ‘pre-election times’ when regardless of reality, factual and
otherwise (ie., fake reports, data, as, ie., wobama hometown corrupt chicago
ISM is up as even their youth gangs are showing increased criminal activity
which probably accounts for the rise, meth, crack labs, etc.?). Foreclosure,
distressed sales up, at least on paper with contracts signed, so no surprise
nor reason to cheer here, as markets worldwide jump on the american crazy train
for a short-lived manipulated bounce as
all problems remain. This is the same month end
(and quarter, half) spurt / window dressing based on b***s*** alone to keep the
suckers suckered and an especially great time to sell / take profits since
there’s much worse to come! ] This
week the S&P 500 surged 2.6% from a week ago, to close at 1,320. The
equities index has nearly reversed its one-month drop, after closing at
1,331.10 on May 27.
At first
glance, an auspicious close to both QE2 and the second quarter. Investors
cheered news that Greece would avoid a near-term default on its debt. Still
take a close look at the historical tight correlation between the S&P 500
and the four-week rolling average for initial jobless claims, and the equity
recovery could be a temporary blip.
http://blogs-images.forbes.com/maureenfarrell/files/2011/06/6-30MFjobless.png
This chart
plots the S&P 500 index against an inverse of the 4-week average of initial
jobless claims. If you can excuse the tiny font, the chart illustrates a tight
and curious correlation between these metrics since December 2006...’
FBI
catches manipulators of stocks Case highlights the risks of penny stocks,
which are easily manipulated because they trade so thinly and for extremely low
prices -- sometimes fractions of a cent. (Washington Post) [ This is welcome
news no matter what. The low end’s always been a favorite (though not excluding
the higher end) of the mob who’ve been known to work closely with fraudulent
wall street, cia (then there’s also the money laundering) ( http://albertpeia.com/FBIAgentAffidavit11.jpg ) .
Yet, reality requires that the FBI, SEC, DOJ, etc., update their
computer savvy / proficiency sufficient to fully understand and appreciate the
magnitude and scope of the current wall street frauds / scams in terms of
damages, efficiency, and cover-up so detrimental the health of this and other
nations; economic, financial, and otherwise.
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed! Jobless
claims at 428,000 much worse than expected; and, don’t forget, these are
desperate ‘pre-election times’ when regardless of factual reality (ie., fake
reports, data, as, ie., ‘wobama hometown’ corrupt chicago ISM is up as even
their youth gangs are showing increased criminal activity which probably
accounts for the rise; ie., meth, crack labs, etc.?) fudged / faked data /
reports are used / spun. Foreclosure, distressed sales up, at least on
paper with contracts signed, so no surprise nor reason to cheer here, as
markets worldwide jump on the american crazy train for a short-lived bounce as
all problems remain. This is the same month end
(and quarter, half) spurt / window dressing based on b***s*** alone to keep the
suckers suckered and an especially great time to sell / take profits since
there’s much worse to come! Talk about milking the greek crisis for the
umpteenth time a so-called solution (and there are loads of greecy scenarios
worldwide … I don’t think so and
neither does Schaeffer who says: ‘…even once such a package is passed it only buys time. Actually fixing
the fiscal condition of Greece is not something that can be solved in a matter
of weeks, or even months…‘ but it’s great press for the
churn and earn and to keep the suckers suckered. Technology
rally? Defacto bankrupt american technology is horrendous but great sizzle for
the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new
greecy b.s. factor. The
rally into the close and the previous so-called (4 day) ‘rally’ was based on
b***s*** alone to keep the suckers suckered and for ‘smarter money ‘ along with
the frauds to sell into. This is an especially great opportunity to sell / take
profits while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times.
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th– so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money--
House
votes down SEC budget hike Agency has been seeking a budget increase to
keep pace with its expanded responsibilities. (WP) [ No surprise here given the
prior and continuing defacto complicity in wall street’s enormous frauds. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins
Oscar for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billions from the fraud ) … I want just one person with courage enough to stand
up and explain to all that these huge commissionable computerized trading
volumes like never before are a net negative in a very big way … that’s a fact
… that’s economic reality in real terms!
… Though having but 5% of the world’s
population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This
catering to fraudulent wall street was a loser ab initio! That so-called
‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan
and failed miserably except for the frauds on wall street who commissioned up and
down; and, make no mistake, those computer-programmed high-frequency trading
volumes have now been maximized for nation-economy-draining profits for the
frauds like never before and have never been higher. The QE and
dollar-debasement policies were always predictably inflationary, ultimately
hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that
was but in reality good only for the frauds on wall street. No, there is no
modern day alchemy that spins worthless paper into gold except fraudulently for
the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing
out’ for hard currency and gold, precious metals, at everyone else’s expense
including main street. ] Milbank:
Progressives voice anger at Obama (Washington Post) [ Progressives? Is that all, Mr. ‘wobama
aficionado’, aka Mr. Milbank. How about the vast and overwhelming majority of
this nation, and add in the rest of the world to boot. Robinson:
Why does the Afghan war go on? (Washington Post) [ Well, there’s one person who minces no words
as to why: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
National / World
Washington Post Report: Media Matters: Is Glenn Beck the
next Alex Jones? Washington Post | Beck “probably
will fall into a category like Alex Jones, who has an audience but no
influence,”says Rabin-Havt.
An Actionable Plan for 9/11 Truth and Justice Senator
Mike Gravel | Awareness of the need for a new investigation of 9/11 is
guaranteed regardless of whether any initiative is enacted into law or not.
TSA Repeats Same Lies About Safety Of Body Scanners Steve
Watson | The TSA has simply repeated the same lies that are manifestly
disproved by newly released internal government documents.
Russian Envoy: NATO Preparing Libyan Ground Invasion Kurt
Nimmo | “I think that now we are witnessing the preparation stage of a
ground operation,” said the Russian NATO envoy.
British Government Devised Propaganda Campaign To
Downplay Fukushima Paul Joseph Watson | Emails
reveal “scandalous collusion” with nuclear industry, talking points were also
parroted by global warming alarmists.
Founders Without Whom America Would Not Exist Chuck
Baldwin | I think it would be good to remind ourselves of who those
men were that counted the cost and paid the price to bring this land of liberty
into existence.
NEXT QUESTION ON STRAUSS-KAHN: Was He Set Up? Business
Insider | Did someone set Strauss-Kahn up?
Unemployment:
No Extended Benefits For People Laid Off From Now On Arthur Delaney
| Will not be eligible for any of generous extended unemployment benefits
layoff victims have received from government since 2008.
White House
to pay $37 million in salaries for 2011
Ron Paul outraises Jon Huntsman, Tim Pawlenty with $4.5+
million The State Column | Republican presidential
candidate Ron Paul announced Friday that his campaign has raised $4.5 million
during the second quarter of 2011.
India Offers Free Cars In Return For Sterilization BBC
News | Health officials in the Indian state of Rajasthan are launching
a new campaign to try reduce the high population growth in the area.
TSA Repeats Same Lies About Safety Of Body Scanners Steve
Watson | The TSA has simply repeated the same lies that are manifestly
disproved by newly released internal government documents.
Radioactive Waste Dumped in Open Pits Outside Los Alamos
National Lab Washington’s Blog | To understand why
a raging wildfire near the Los Alamos National Laboratory is a big deal, you
must understand how wastes were disposed.
Tarpley from Tripoli: Take fishing boat and you’ll be
drone-bombed RT | Investigative journalist Webster
Tarpley, who’s in Tripoli, shared his views with RT.
AFRICOM: AF, Navy still flying Libya missions Air
Force Times | Air Force and Navy aircraft are still flying hundreds of
strike missions over Libya despite the Obama administration’s claim that
American forces are playing only a limited support role in the NATO operation.
Russian Envoy: NATO Preparing Libyan Ground Invasion Kurt
Nimmo | Dmitry Rogozin told RIA Novosti on Friday that NATO is
probably preparing a ground invasion to overthrow the Gaddafi regime in Libya.
Rogozin is Russia’s NATO envoy.
British Government Devised Propaganda Campaign To
Downplay Fukushima Paul Joseph Watson | Emails
reveal “scandalous collusion” with nuclear industry, talking points were also
parroted by global warming alarmists.
Will Barack Obama Use The 14th Amendment As A Way To Get
Around The Debt Ceiling? The Economic Collapse | A
number of voices are now touting the 14th Amendment as a way to get around the
debt ceiling.
Airport scanner row leaves angry doctor grounded as he
claims machines may cause cancer UK Daily Mail | A
hospital consultant was grounded after he refused to go through a ‘naked’ X-ray
scanner.
13 die as
van hits roadside bomb in Afghanistan
Minnesota government
shuts down Politico | Minnesota’s government shut down at
midnight local time Friday after six months of negotiations.
10 Reasons Why Lindsay Lohan Is Right About The Federal
Reserve And The Price Of Food The American Dream | Does Lindsay Lohan
understand monetary policy better than Ben Bernanke does? The other day,
her Twitter account sent out the following message: “Have you guys seen food
and gas prices lately? U.S. $ will soon be worthless if the Fed keeps printing
money!” Well, it turns out that it was
a “sponsored tweet” that Lohan was paid to send out, but in a subsequent tweet
Lohan explained that “i actually do care about gas and food prices, so whether
it’s an #ad or no, it’s important for people to be aware of it.” Okay, so we probably will not see Lohan at
any “End the Fed” rallies, but it turns out that in her own bizarre way she has
brought a little bit of attention to some very important issues. Food and gas prices are skyrocketing, and a
lot of the blame for that can be placed on the shoulders of the Federal Reserve.
So does Lindsay Lohan really
understand what is going on in the world of economics? Of course not.
But if we can get celebrities
talking about the Federal Reserve and rising prices that is a good thing. Why?
Well, because Americans listen to
celebrities. When a top celebrity says
something controversial it gets a lot of attention. The more attention that we can draw to the problems the Federal
Reserve is creating the better.
The reality is that the Federal
Reserve has been at the heart of our economic problems for decades but most
Americans don’t understand the Fed or how it works. The more Americans that get educated about the Federal Reserve
the better.
The following are ten reasons why
all Americans should be concerned about the Federal Reserve and rising food
prices….
#1 What we are witnessing right
now is part of a long-term inflationary trend.
Since the Federal Reserve was created in 1913, the U.S. dollar has lost
over 95 percent of its value. An item
that cost $20.00 in 1970 would cost you $116.48today. An item that cost $20.00 in 1913 would cost you $456.49 today.
#2 Over the past couple of years,
the Federal Reserve has used a process called “quantitative easing” to pump
hundreds of billions of new dollars into the financial system. This has helped push the cost of food, gas
and just about everything else up. Even
though “QE2″ has now come to an end, the Federal Reserve has announced
that they are going to continue to “reinvest” hundreds of billions of dollars
into the financial system.
#3 The Federal Reserve is not the
only central bank that has been doing this sort of thing. Sadly, central banks all over the world have
been recklessly printing money over the past several years. This is creating inflation all over the
planet.
#4 Prices are going up but wages
are not. One recent survey found that 9
out of 10 U.S. workers do not expect their wages to keep up with soaring food
prices and soaring gas prices over the next 12 months.
#5 We have already seen a
tremendous amount of food inflation in the United States during the last 12
months. According to a recent CNBC
article, over the past year many of the most popular foods in America have
absolutely skyrocketed in price….
Coffee, for instance, is up 40 percent. Celery is 28 percent
higher while butter prices rose 26.4 percent. Rounding out the top five are bacon,
at 23.5 percent, and cabbage, at 23.3 percent.
#6 In many areas of the world food
inflation is far worse than it is in America.
Over the past year, the global price of food has risen by 37 percent and
this has pushed approximately 44 million more people around the world into
poverty.
#7 When the Federal Reserve and
other central banks create new money, it usually goes to big banks and major
financial institutions first. So what
have the big banks and the major financial institutions been doing with this
new money? Well, they have been sinking
a lot of it into hard assets such as oil, precious metals and agricultural
commodities. Over the past 12 months,
almost every single agricultural commodity has risen substantially in
price. For example, the global price of
wheat has approximately doubled over the past year. But it is not just wheat that has been skyrocketing. Check out what a recent Bloomberg article
had to say about what has been happening to many key agricultural commodities
over the past year….
Corn futures advanced 77 percent in the past 12 months in
Chicago trading, a global benchmark, rice gained 39 percent and sugar jumped 64
percent.
#8 Many areas of the world are
experiencing severe drought right now, and this is also harming food
prices. For example, the Horn of Africa
is experiencing the worst drought that it has seen in 60 years.
#9 The United States is also
having crop problems as well. All of
the flooding, wildfires and tornadoes that we have seen this year have certainly
not helped things. There is even a
major “east coast stink bug epidemic” which is causing chaos for large numbers
of farmers. In general, U.S.
agricultural production has not been blessed this year. It just seems like there is crisis after
crisis.
#10 A lot of agricultural
production that would go for food is now going for other purposes. For example, almost a third of all corn
grown in the United States is now used for fuel. This is putting a lot of stress on the price of corn.
So how concerned about food prices
should we be?
Well, renowned investor Jim Rogers
recently put it this way….
“We’ve got to do something or we’re going to have no food at
any price at times in the next few years.”
That doesn’t sound good.But it is
not just the price of food that is going up. The price of gas has also gotten
crazy.Right now, the average price of a gallon of gasoline in the United States
is approximately $3.54 .One year ago, it was $2.76. Thankfully, the price of
gas has actually come down a bit recently.
Earlier this year it hit $3.99.
Sadly, back in the 90s you could
go to just about any gas station and fill up for about a dollar a gallon. Over the past couple of years we have gotten
comfortable with outrageous gas prices, but the reality is that what we are
seeing now is part of a very disturbing long-term trend….
Health care costs are also
spinning out of control. In a recent
article abouthealth care statistics, I noted some of the stats that show that
the price of health care in the U.S. has been absolutely soaring. The following are a couple of those
statistics….
*According to the Bureau of
Economic Analysis, health care costs accounted for just 9.5% of all personal
consumption back in 1980. Today they
account for approximately 16.3%.
*The United States spent 2.47
trillion dollars on health care in 2009.
It is being projected that the U.S. will spend 4.5 trillion dollars on
health care in 2019.
Education has also gotten insanely
expensive as well. In a recent article I wrote entitled “Is College Worth It?“,
I noted that since 1978 the cost of college tuition in the United States has
gone up by over 900 percent.
Today, Average yearly tuition at
U.S. private universities is up to $27,293.
That number has soared by 29% in just the past five years.
Unfortunately, it appears that
things are going to get even worse.
Thanks to dramatic budget cuts by many state governments, it is being
projected that college tuition costs are going to rise even faster this year.All
of these rising prices are really squeezing the budgets of families all across
America.
Things are getting really tough
out there.So if food prices keep going up this rapidly, what are we all going
to eat?Well, one scientist claims that he has been able to create an “edible
steak” out of human feces.How gross is that?
But don’t laugh – if the price of
food keeps going up this rapidly many Americans might have to literally eat
garbage someday.
The U.S. economy is in the middle
of a long-term economic decline and thousands more Americans fall out of the
middle class every single day.
Until the past couple of years,
the vast majority of Americans believed that things would always be wonderful
in America.
Now that has completely changed.
According to a new poll by CBS
News and The New York Times, 39 percent of Americans believe that the U.S.
economy has now entered a “permanent decline”.
As prices continue to rise, the
number of American families that will not be able to put food on the table is
going to continue to go up. Already there
are 44 million Americans on food stamps.
People are going to get desperate.
Society is going to continue to crumble.
So yes, there are lots of reasons
why Lindsay Lohan and everyone else in America should be very concerned about
the Federal Reserve and the price of food.
Once our economic prosperity is
gone it is going to be incredibly difficult to get back.’
Gerald
Celente: ‘IMF – International Mafia Federation’ RT |
Gerard Celente, the director of the Trends Research Institute, shares his
thoughts.
TOP 11 TRENDS OF 2011 THE MID-JANUARY ISSUE OF THE TRENDS JOURNAL
WILL FEATURE OUR “TOP TRENDS 2011” — The Trends Research Institute’s compendium
of the dominant trends for the year ahead. The following synopses of these
trends provide insights into some of what to expect. After the tumultuous years
of the Great Recession, a battered people may wish that 2011 will bring a
return to kinder, gentler times. But that is not what we are predicting.
Instead, the fruits of government and institutional action – and inaction – on
many fronts will ripen in unplanned-for fashions. Trends we have previously
identified, and that have been brewing for some time, will reach maturity in
2011, impacting just about everyone in the world.
- Wake-Up
Call In 2011, the people of all nations will fully recognize how grave
economic conditions have become, how ineffectual and self-serving the
so-called solutions have been, and how dire the consequences will be.
Having become convinced of the inability of leaders and know-it-all
“arbiters of everything” to fulfill their promises, the people will do
more than just question authority, they will defy authority. The seeds of
revolution will be sown….
- Crack-Up
2011 Among our Top Trends for last year was the “Crash of 2010.” … equity
markets were no longer a legitimate indicator of recovery or the real
state of the economy. Yet the reliable indicators (employment numbers, the
real estate market, currency pressures, sovereign debt problems) all
bordered between crisis and disaster. In 2011, with the arsenal of schemes
to prop them up depleted, we predict “Crack- Up 2011”: teetering economies
will collapse, currency wars will ensue, trade barriers will be erected,
economic unions will splinter, and the onset of the “Greatest Depression”
will be recognized by everyone….
- Screw the
People As times get even tougher and people get even poorer, the
“authorities” will intensify their efforts to extract the funds needed to
meet fiscal obligations. While there will be variations on the theme, the
governments’ song will be the same: cut what you give, raise what you
take.
- Crime
Waves No job + no money + compounding debt = high stress, strained
relations, short fuses. In 2011, with the fuse lit, it will be prime time
for Crime Time. As Gerald Celente says, “When people lose everything and
they have nothing left to lose, they lose it.” Hardship-driven crimes will
be committed across the socioeconomic spectrum by legions of the
on-the-edge desperate who will do whatever they must to keep a roof over
their heads and put food on the table….
- Crackdown
on Liberty As crime rates rise, so will the voices demanding a crackdown.
A national crusade to “Get Tough on Crime” will be waged against the
citizenry. And just as in the “War on Terror,” where “suspected
terrorists” are killed before proven guilty or jailed without trial, in
the “War on Crime” everyone is a suspect until proven innocent….
- Alternative
Energy In laboratories and workshops unnoticed by mainstream analysts,
scientific visionaries and entrepreneurs are forging a new physics
incorporating principles once thought impossible, working to create
devices that liberate more energy than they consume. What are they, and
how long will it be before they can be brought to market? Shrewd investors
will ignore the “can’t be done” skepticism, and examine the newly emerging
energy trend opportunities that will come of age in 2011….
- Journalism
2.0 Though the trend has been in the making since the dawn of the Internet
Revolution, 2011 will mark the year that new methods of news and
information distribution will render the 20th century model obsolete. With
its unparalleled reach across borders and language barriers, “Journalism
2.0” has the potential to influence and educate citizens in a way that
governments and corporate media moguls would never permit. Of the hundreds
of trends we have forecast over three decades, few have the possibility of
such far-reaching effects….
- Cyberwars
Just a decade ago, when the digital age was blooming and hackers were
looked upon as annoying geeks, we forecast that the intrinsic fragility of
the Internet and the vulnerability of the data it carried made it ripe for
cyber-crime and cyber- warfare to flourish. In 2010, every major
government acknowledged that Cyberwar was a clear and present danger and,
in fact, had already begun. The demonstrable effects of Cyberwar and its
companion, Cybercrime, are already significant – and will come of age in
2011. Equally disruptive will be the harsh measures taken by global
governments to control free access to the web, identify its users, and
literally shut down computers that it considers a threat to national
security….
- Youth of
the World Unite University degrees in hand yet out of work, in debt and
with no prospects on the horizon, feeling betrayed and angry, forced to
live back at home, young adults and 20-somethings are mad as hell, and
they’re not going to take it anymore. Filled with vigor, rife with
passion, but not mature enough to control their impulses, the
confrontations they engage in will often escalate disproportionately.
Government efforts to exert control and return the youth to quiet
complacency will be ham-fisted and ineffectual. The Revolution will be
televised … blogged, YouTubed, Twittered and……..’
U.S.:
Iran behind rising troop deaths
Officials accuse Iranian special forces unit of supporting Iraqi militia
groups suspected in attacks. Pentagon
costs rising fast, CBO warns (Washington Post) [ ‘Costs rising fast’ Well, that’s always been
the point; viz., keep those budgets bulging, for theirs and the military
industrial complex’ sake. Oh, riiiiight! Iran’s the one … Iran’s the boogey man
… forget that the invasion of Iraq and consequent war crimes were based upon
lies known to be false! No … reality and rationality says that pervasively
corrupt, defacto bankrupt america is ultimately behind and responsible for all
troop deaths in their misguided, nation-destroying, nation-bankrupting,
people-killing illegal wars. How much
will our wars cost? Report says $4 trillion U.S.
cost of war at least $3.7 trillion and counting The final bill will run at
least $3.7 trillion and could reach as high as $4.4 trillion, according to the
research project “Costs of War” by Brown University’s Watson Institute for
International Studies. Pragmatism
may define Gates’s legacy Defense secretary may not be remembered for any
grand ideas but for his stewardship of two wars. (Washington Post) [ What?
What’s this? What parallel universe is this that talks of gates’ pragmatism.
Legacy? What legacy? More contrived, needless war? More defacto bankruptcy and
depletion of treasury for this and other nations? For those who think there’s strategic thinking behind these
global blunders I say ‘wake up’ … look around you … smell the dead roses! Not that panetta is any better having turned
this nation into but a piñata much like the failed predispositions which have
brought down his home state (pelosi’s, feinstein’s anyone?). Unless measured in
terms of increased heroin trade in Afghanistan, an increased cia / Hegelian
approach to global matters leading ineluctably to new self-created needs for
actions to dispel the ever increasing new problems resulting from their
misguided acts, his tenure must be considered as much a failure as the failed
presidents he’s served so dutifully; and, expect worse from piñata-man panetta.
Like a psychotic serial arsonist employed in a fire department, creating the very
devastating fires they’re called upon to put out, these appointees are lose –
lose scenarios for everyone. Official:
U.S. drone strikes at Somali militants The airstrike makes Somalia at least
the sixth country where the U.S. is reportedly using drone aircraft to conduct
lethal attacks. The latest target: senior members of a militant group linked to
al-Qaeda. (Washington Post) [ It isn’t often I get a chance to commend military
action these days; but, I really hate somalians … Well done! … I’ll not forget
the way they paraded those 18 dead rangers on a peace mission around … If up to
me, I’d have made 18 square miles of Mogadisho one big cemetery / parking lot
(I’m not kidding!). Deaths of four Americans reflect increasing
violence of Somali piracy (Washington Post) [ Drudgereport: U.S.
Warship Tracking Yacht Hijacked by Somali Pirates... [ I realize
there are ‘laws of the sea’ / codified bodies of law within that broad yet very
specific category called ‘maritime law’, none of which I know nor care to know
(I’ll content myself to knowing and seeing to the enforcement of american law
as pertains to me; viz., RICO http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
. I do know that these somali
pirates need killin’ and I further believe that open season on them including
using their boats in the water for target practice makes sense and certainly is
morally justified. I’m tired of hearing about those little weasels … you know,
‘the skinnies’. ] VIDEO:
EU Naval Forces Fight Piracy off Somali Coast [ Yeah! With all their
nation-bankrupting, self-defeating, wasteful, adventuring, warring for no good
reason in Afghanistan, etc., I have been at a loss to understand why they are
not blasting the skinnies out of the water, along with bombing the
skinny-places of refuge!
House
rejects Obama’s Libya policy Lawmakers vote down a measure that would
authorize mission, but stop short of cutting funding. (Washington Post) [ Ah,
riiiiight! The worst of both worlds. ‘Cutting the baby in half’ probably their
most politically expedient solution to appeasing their respective ‘support
groups’. Though not the kind of group therapy support groups that immediately
come to mind, one laments the various elements of the pervasively corrupt u.s.
government are not receiving the kind of psychotherapy they need by way of
group therapy or otherwise. Speaking of
spending cuts, here’s one they ‘dare not do’:
House
votes down SEC budget hike Agency has been seeking a budget increase to
keep pace with its expanded responsibilities. (Washington Post) [ No surprise
here given the prior and continuing defacto complicity in wall street’s
enormous frauds. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) … I want just one person with
courage enough to stand up and explain to all that these huge commissionable
computerized trading volumes like never before are a net negative in a very big
way … that’s a fact … that’s economic reality in real terms! … Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
U.S.
looking into 2 detainee deaths A federal prosecutor deepens inquiry into
agency’s harsh interrogation practices during the Bush administration, U.S.
officials say. (Washington Post) [ Oh, riiiiight! That’ll happen … come on!
Fishing for headlines at best, and a futile, self-deluding attempt to make them
feel better about themselves. Everyone knows that bush et als are war criminals
and should be in jail. Moreover, wobama et als have taken over where dumbya
bush et als left off despite campaign promises to the contrary. Robinson:
Why does the Afghan war go on? (Washington Post) [ Well, there’s one person who minces no words as
to why: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Kick
the can (Washington Post) [ I totally agree with Mr. Robinson; namely, they
all need a kick in the can … you know, that ‘washington establishment’ that
have failed all so miserably. Well, I know that’s not what he really meant.
But, ‘do no harm’? Methinks it’s too little, too late no matter what they do to
avoid that! Market Crash 6/30/11?Technical indicators suggest market collapse may
begin by June 30th Dennis Slothower is one of the world’s leading technical
analysts. He’s one of the few advisors whose readers completely avoided ALL
losses during the disaster that was 2008. And now he’s issuing another dire
warning. His technical indicators suggest that the market manipulation we’ve
seen over the last several months is about to come to an end…and that means
thousands of investors are about to get clobbered. This correction could begin
as soon as June 30th– so it’s important that
you take action now to prepare yourself. StealthStocksOnline.com
JFK {Platoon
, Wall Street , Natural Born Killers , W. , Wall Street: Money Never Sleeps } [And yes; I also believe there’s been a coup d’etat in
pervasively corrupt, defacto bankrupt, banana republic america, gunboat
diplomacy, plundering the treasury, and all! ] [I saw ‘JFK’ for the first time today and must say, though
preoccupied at the time (1992) with other things (RICO and consequent
substantial pressure from various nefarious elements, mob, mob-connected /
controlled, corrupt government-state,local,federal, etc.. ) I was ‘hoodwinked’
by mainstream media critics who for the most’ ho-hummed’ the film as more of
the same conspiracy stuff the factual basis for which I was already familiar
with; and hence, disinclined to make any significant effort to view same. Boy,
were they and derivatively I wrong! I am totally astounded by the insightful
documentation in this film, so masterfully presented in cinematic form. If at
all, Stone seemed shy about presenting even reasonable inferences from facts so
strictly set forth. By leading with actual speech footage from who I believe to
have been america’s last great president / leader, the substantially underrated
President General Eisenhower who warned of the dangers inherent to the military
/ industrial complex, Stone set the tone for what I believe to have been the
most courageous and significant warning of the current national and global
crises confronting the nation and world today and the reasons therefore (his
negative exposés of wall street, inherent american criminality, W, etc.,
complement and support his theme while revealing his wide range, wisdom, and
talent). (I must say that I liked Ronald Reagan, as I’ve previously said I like
Robert Redford, as being very likeable guys - I’m also conservative, but not to
a fault – his rational approach and results with Gorbachev were his most
significant accomplishments. Parenthetically and coincidentally, I also saw for
the first time this same day, Reagan in ‘Bedtime for Bonzo’; and, I was shocked
that it was better than I could have possibly imagined and hardly the stuff
warranting the mocking he got for same on the political trail … do you think it
was just a foreboding of the nation’s current predicament with ‘wobama the b’
(for b***s***); and yes, I do have that ‘birther wobama family portrait’ on my
website front page http://albertpeia.com . In sum, the inherently criminal behaviors
of americans as depicted are all too real and an auspicious sign indicative of
corruption across the board and through all levels of u.s. government. In light
thereof, I’m compelled to wonder as previously set forth and infra, whether my
trust in and affinity for the FBI will have been ultimately proven to have been
contraindicated in fact and reality; and hence, as I ponder, a maladaptive
personal trait / flaw. Stated another way, should having then done the deal
with the mob for the money despite personal ethics and oath militating against
same have been the correct choice in pervasively corrupt america. It certainly
up to this point would have been the most expedient, efficacious, and adaptive
choice in pervasively corrupt, inherently criminal america. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
The purported leaders today; compromised, cowardly,
criminal puppets all, the story of pervasively corrupt, defacto bankrupt
america today.
Biological
Anthropologist: Match.com Akin to "Ancestral Mating Dance"at
Minyanville
Drudgereport:
TEMPLETON
chairman: Financial Crisis 'Around Corner'...
'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
CHINA:
USA 'ALREADY DEFAULTING'...
DOLLAR
TO 'LOSE RESERVE STATUS'
Economy
Expected to Have Major Slide in Months Ahead...
UPDATE:
Minnesota Government Shuts Down...
Washington
state closes tourism office...
Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya...(FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...)
NEW
IMF CHIEF FROM CHICAGOLAND...
MARK
HALPERIN CALLS OBAMA 'A DICK' ON LIVE TV...
POLL:
Obama 42%, any
Republican 46%...
Campaign
signals fundraising fail...
Jewish
Dems Losing Faith...
John Kerry: 'I Would Have Been a Good President, Maybe Even a Great
One'...
GETTING
NERVOUS
NEWT:
Obama 'most successful food stamp president in American history'...
Palin:
Hollywood stars as 'full of hate'... ["What would make someone be so full of
hate?" palin asks … answer: resistance to someone as dumb and full of
war-mongering hate as she is! ]
REPORT:
NATO forces ARE
trying to assassinate Qaddafi...
Los Alamos under siege from wildfire...
'Throwing absolutely everything at this that we got'...
BLAGO
LIKELY HEADED TO PRISON...
'What
happened?'
But
he gets to keep his hair...
Fitz
finally wins one!
GUILTY
IN CHICAGOLAND...
17
of 20 counts...
Tried
To Sell Obama's senate seat...
Jury
DEADLOCKED on Rahm shakedown...
Blago
to lawyer: 'What happened?'
'Stunned'...
JOBLESS
WEAK: 429,000...
...disappointed
Economic
trouble puzzles Fed chief...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
THE
NEW 'NORMAL'
GALLUP
PLUNGE...
Approval
-4, disapproval +5 -- in one day!
DOWN TO
THIRD: USA 'TO FALL BEHIND INDIA' IN TRADE...
DEM
FIX: MORE SPENDING!
Bernanke
speaks, stocks sink...
FORBES:
'Admits he's clueless'...
CBO:
Long-Term Debt Picture Worsens...
Would
reach 101% of GDP by 2021...
STUDY:
State, local gov'ts must raise taxes $1,400 a year for
30 years to fund pensions...
Millionaires
shrug off downturn; Wealthy richer than before crisis...
Zuckerman:
'We now have more idle men, women than at any time since Great Depression'...
SHOCK
POLL: ONLY 3 in 10 WILL VOTE FOR OBAMA...
66%
say US headed in 'wrong direction'...
Greece
Agrees on New Austerity Plan With EU, IMF...
ANGER
IN ATHENS...
'BLACK
HOLE'...
DEBT
TALKS BREAKDOWN; TAX BUST
S&P:
Risk of U.S. credit rating downgrade increased...
Chicago
county faces $108 billion
gap in pensions....
Greek
Streets 'Explosive'...
PM wins
confidence vote 'but outlook remains dire'...
Huntsman
announces presidential bid at Statue of Liberty...
Harry
Reid endorses...
Bachmann
surges to primary lead...
Iraq
hunting $17 billion missing after U.S. invasion...
NATO
NIGHTMARE: 9 CIVILIANS KILLED [NATO strike kills 15 Libyan civilians]
Census:
Whites lose majority among babies...
German
Giant Says US Workers Lack Skills...
PAPER:
AMERICA'S LOST DECADE?
States
look to Internet taxes to close budget gaps...
SPANIARDS
ON MARCH OVER BLEAK PROSPECTS...
House will move this week to limit funding for effort in Libya...
'DON'T
BE SURPRISED IF ATHENS GOES UP IN FLAMES'...
GREEK
PM PLEADS FOR UNITY!
...warns
against default
Threat
to downgrade Italian debt raises contagion fears...
Princess
Diana Conspiracy Movie Headed to Theaters... [ Uh, oh! Time to gear
up the already harsh ‘censors’ in england.
]
Bachmann:
Obama 'has failed' blacks, Hispanics... [ Come on! ‘Wobama the b’
(for b***s*** has failed everyone. ]
Presidential
no-show miffs Hispanics...
African-American
unemployment at 16%... [ But there’s rationality in this stat as
people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then there’s
the attitude. I truly believe from direct experience that even when their
outright aggression, assaults on persons and the senses, and otherwise
obnoxious behavior is not apposite, the personality disorder ‘passive /
aggressive’ is applicable, however indirectly expressed. ]
SHE'S
OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!)
...
Michelle Obama Admits: 'Fortunately, We Have Help From The Media'...
CHICAGOLAND:
Rahm's Top Cop Blames Gangs, Crime on 'Gov't-Sponsored Racism'...
Likens
federal gun laws to 'racism'...
Teen
Mob Of 50 Hits Chicago WALGREENS...
Teen
brutally beaten by mob of blacks; cops
mull 'lynching' charge...
Princess
Diana Conspiracy Movie Headed to Theaters... [ British
queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by
security scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ …
that is … Diana
film causes stir at Cannes
“Unlawful Killing” has a combination of celebrity, controversy and canny
hype-mongering. (Washington Post) [
Let’s not kid ourselves … and, Dodi Fayed’s father was no dope and knew the
score. Indeed, it’s not coincidental that William’s the over-riding favorite of
granny Liz II; after all, Harry’s the bastard son of Hewitt (don’t buy into
their DNA proffer which they did buy – you know, that ‘bloodline thing’).
Moreover, it was reported that Diana had another ‘potential challenger in the
oven’ at the time of her death and we all know how dicey such english affairs of
state can be (ie., Henry VIII, Richard III, etc.). Then there’s the contempt of
Diana for having brought the son of her bosom, Chas, down. Do I think she said
flat out ‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als.
Ultimately, William will require some substantial therapy to sort out this
looming conflict. After all, Diana was his mother. Drudgereport: British
woman decapitated in grocery store; killer flees with head... Cannes:
Diana doc slams UK royals as 'gangsters'... ]
Dick Bové:
Lost Finance Jobs Are Gonna Stay That Way…FOREVER
S&P
Reaches Possible Reversal Point at Minyanville
Watch
the Market, Not CNBC at Forbes
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed! Jobless
claims at 428,000 much worse than expected; and, don’t forget, these are
desperate ‘pre-election times’ when regardless of reality, factual and
otherwise (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt chicago
ISM is up as even their youth gangs are showing increased criminal activity
which probably accounts for the rise; ie., meth, crack labs, etc.?). Foreclosure,
distressed sales up, at least on paper with contracts signed, so no surprise
nor reason to cheer here, as markets worldwide jump on the american crazy train
for a short-lived bounce as all problems remain. This
is the same month end (and quarter, half) spurt / window dressing based on
b***s*** alone to keep the suckers suckered and an especially great time to
sell / take profits since there’s much worse to come! Talk about milking the
greek crisis for the umpteenth time a so-called solution (and there are loads
of greecy scenarios worldwide … I don’t
think so and neither does Schaeffer who says: ‘…even once such a package is passed it only buys
time. Actually fixing the fiscal condition of Greece is not something that can
be solved in a matter of weeks, or even months…‘ but
it’s great press for the churn and earn and to keep the suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. The rally into the close and
the previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the
suckers suckered and for ‘smarter money ‘ along with the frauds to sell into.
This is an especially great opportunity to sell / take profits while you still
can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times.
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th– so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money--
Going
Short the Dow at Minyanville / Dangerfield [ Because of the
inherently dangerous nature of short-selling (potential loss of more than your
investment, though straddles, option strategies can militate against said risk)
I consider same more a speculation than investment strategy. Yet, in this
contrived, manipulated (for month, quarter, half window dressing), overpriced
market, I’m constrained to say that if you were so inclined to try your hand at
it, now would be a perfect time. ] The Dow, or the way I play it
the Diamonds (NYSE:DIA) ran right into that top Bollinger Band on
Thursday. Plus the weekly DIA shows a bounce from the bottom Bollinger
Band to the Middle Bollinger Band, where many rallies stall during a
downtrend. (I can’t really show this chart, but you can check it out on
Stockcharts.com) Friday is the end of the quarter. Can we go
higher? Of course. But my money’s going on a two to three hundred
point drop in the Dow. I think the shorts have covered and it’s about
time for the downtrend to reassert itself. I’m shorting the DIA in the
morning. Yes, I know I may have to pay some yield. http://blogs.minyanville.com/idril-dangerfield/files/2011/06/DIA-6-29-11-300x162.png
3
Stocks Driving Markets Up June 30th Wall St. Cheat Sheet
AAII
Survey: Bullish Sentiment At Highest Level Since April at
Forbes
Top
3 Reasons Markets Were Up At the End of QE2 Wall St. Cheat Sheet
All
Dressed Up [ and nowhere to go … but down! ] at The Wall Street
Journal Mark Gongloff ‘The week-long stock rally got turbocharged
today, pushing the Dow easily into the black for the quarter and nearly
bringing the S&P with it. How long it lasts is a different story.
The Dow jumped
153 points today and is up 480 points, or 4%, in the past 4 days. This is the
biggest four-day percentage gain since last September. The Dow ended the
quarter 0.5% higher and is now 7% higher on the year.
The S&P
and Nasdaq each gained 1% on the day and are up 4% and 4.5%, respectively, for
the 4-day run. Both ended the quarter slightly in the red.
If there was
any downside to this up-fest, it was the financials, which gained just 0.4% on
the day. But they’re the only sector in the S&P 500 still down for the
year. Everything else is up, as are the Russell 2000 and the Dow Transports,
which dipped into the red for a while there.
Bonds, meanwhile,
have gotten crushed during this stretch, pushing the yield on the 10-year note
up 35 basis points, from 2.8% to 3.15%. The dollar’s down, too, with the euro
surging to $1.45.
So what does
it all mean? Dave earlier pointed to signs the market may be expecting an economic rebound. So far we have only one Chicago PMI
report to support hopes of a big bounce in growth, but OK.
There’s also
Greece, whose day of reckoning has been postponed for a little while longer.
And finally
there’s quarter-end window dressing, which still seems to make a lot of sense
as a theory, given the utter lack of volume during the stock-buying frenzy
(though the bond-selling frenzy has seen quite a lot of volume).
To me, it
feels more like a combination of all three — we’re pricing out economic
collapse and an imminent Greek default, while also prettying up the numbers at
the end of the quarter.
Fair enough.
From here the sledding gets harder. The economic data aren’t going to be pretty
for a little while, and earnings expectations are too high. And QE2, which
boosted stocks by 25%, has sailed for the last time.’
Minyanville's
T3 Daily Recap: Was This Week's Rally Anything More Than 2nd Quarter
Window-Dressing? [ No! ] at Minyanville
US STOCKS SNAPSHOT-Wall St
briefly pares gains after jobs data NEW YORK, June 30(Reuters) - U.S. stock index futures briefly pared
gains on Thursday after a report showed new jobless claims fell less than
expected but optimism over Greece's austerity plan was set to extend a
three-day rally for stocks.
Moody's
warns may downgrade U.S. muni debt ratings
Why The Dow Will Plunge To 7,000 By 24/7 Wall St. June 28, 2011 ‘One theory of economics says that any
market can return to a point where it has been in the past. The Great Recession
was, by some measures as bad as the Great Depression. Unemployment was 3.6% in
November 1966. It was at 4% in December 1999. There is no precedent for zero
unemployment, but those two periods came close.
Recent movements in the stock market could repeat themselves as
the economy lurches toward another recession. The DJIA fell to just below 6,630
on March 2, 2009. Back in October 2007, 17 months earlier, it briefly traded
above 14,000. What happened? The most frequent answer is the recession that
lasted from December 2007 until June 2009, a period determined by the National
Bureau of Economic Research, caused the collapse. The recession lasted 18
months, which made it the longest of any downturn since World War II.
The DJIA could drop below 7,000 again before the middle of next
year, down from 12,000 where it trades now. The market fell over 50% last 2008
and 2009. A correction to 7,000 this time would be 42%.
The major drivers of a sharp drop in the DJIA would be:
1. RECOVERY IS UNEVEN
Some regions of America are almost economically dead. The first
reason the market is likely to plunge is that the current recovery is a
35-state recovery and not a 50-state one. The US economy is not running on all
its cylinders now. It runs on about two-thirds of them during a good quarter.
There has not been and will not be much of a recovery in Nevada,
Michigan, Florida, California, Rhode Island, Ohio, Illinois, Louisiana, South
Carolina, and sections of Kentucky, Tennessee, Arizona, Idaho and Mississippi.
Some areas of these states lack important growth industries - particularly
technology, farming, oil drilling, or the large employment bases that accompany
federal and state government employee concentrations. Many areas that counted
on construction to bolster their economy can no longer do so. Unemployment will
stay at or above 10% in parts of these states and large cities like Las Vegas,
Detroit, Stockton, and Providence. Most have negative GDP growth. The US
economy cannot grow at a rate of 3% or better, which some economists are
forecasting for the second half of the year, if large regions of the
country are shrinking economically.
2. UNDERWATER MORTGAGES
More than a quarter of US mortgages are underwater. Economists
use several ways to measure the housing market disaster such as foreclosures,
delinquencies, home price drops, housing start and new and existing home sales.
None of these captures the heart of the market the way underwater mortgages
statistics do. A home with an upside down loan can rarely be sold without the
seller taking a huge financial hit. These homes are likely to become a
financial burden to the homeowners who cannot afford their mortgages and see no
hope that their houses will ever regain their value. Housing expert Robert
Shiller says home prices could drop another 10% this year. The ripple effect
from a rise in underwater mortgages will affect everything from bank earnings
to consumer credit to consumer spending. The real estate problem is a drag on
the economy and it is one that will get worse.
3. STOCKS ARE EXPENSIVE
Many market analysts believe that this is nearly a perfect time
to buy stocks. Yields on bonds are low. Gold price are unstable. The S&P
500 EPS will be $100 this year based on many forecasts. Is a twelve multiple on
that inexpensive? Perhaps. But if so, that indicates that the Dow should be trading
about where it is now. S&P 500 earnings, however, will start to decline
soon and in some industries they will disappear entirely. The process has
already begun among consumer products companies, retailers, grocery chains, and
transportation companies like airlines. Even tech firms like Oracle have
signaled that growth has slowed. Jim Cramer mentioned a long list of “cheap”
shares on “Mad Money” in October 2007. Stock looked “inexpensive” in late 2007.
That only lasted until corporate earnings collapsed.
4. INFLATION IS A PROBLEM
No matter what the Federal Reserve says, inflation is in full
bloom. The Bank for International Settlements just warned policymakers and
world leaders that central banks need to raise interest rates. Otherwise, the
BIS stated, the price of commodities will continue to march higher. Chinese
inflation hit a 34-month high in May despite rapid tightening by banks there.
The core of this rise was food prices, which were up 11.7% for the month. The
US cannot claim, at least for long, that it is one world and Asia, Africa, the
Indian subcontinent, and parts of South America are another. The prices of
critical commodities such as wheat, corn, oil, and cotton are well above where
they were two years ago, and with some occasional dips, are still rising.
Americans cannot afford higher and higher food and clothing prices when their
median incomes are not moving up. Inflation is a poison to consumer spending
and to the profit margins of companies that have commodities or
transportation-based businesses.
5. COMPANIES HORDING
Companies are still holding their cash. A McKinsey and Co.
report published in May stated that European and US companies have excess cash
of more than $2 trillion. Firms like Apple and Google have accumulated
multi-billion dollar cash hordes and have elected to hold that money even at
extremely low yields. Other firms like McDonald’s have elected to distribute
cash through share buybacks and high dividends. Most major banks have raised or
reinstated dividends. Cisco has begun to pay a dividend. Companies as diverse
as CVS/Caremark Corp., Family Dollar Stores Inc., and Schlumberger Ltd. have
raised their payouts. Dividends help people who own a lot of shares in the
companies in question. They do nearly nothing for people who hold small
portfolios or who are broke and unemployed. Cash not used to create jobs either
directly through hiring or indirectly through capital expenditure does not help
the economy.
6. EVERYONE'S SHEDDING THEIR WORKFORCE
Companies are no longer adding jobs and governments are laying
off employees. The May unemployment numbers told a story of a stagnant job
market. Recent jobless claim levels have confirmed it. The private sector has
become worried about GDP which has only grown by 2% recently. That is not
enough for many firms to decide to add significant numbers of workers. And,
unemployment rates are now being moved higher by government layoffs, a result
of the “new austerity." The new federal government budget is likely
to make matters worse. The Brookings Institution recently said in its
Government Employment and Economic Recovery that the single biggest threat to
the economic recovery of many cities is layoffs of government workers.
7. CHINA'S SLOWING ECONOMY
China’s economy will slow considerably. The economic dynamics of
China combine high food costs with faltering purchasing and manufacturing.
China’s factory output is no longer growing and it is entering what it would
view as a recession by the standards of the People’s Republic-a growth rate
well below its typical 10% of better. Goldman Sachs recently chopped its
forecast for China GDP. High oil prices contribute according to the investment
bank. Faltering demand for China’s exports is another. American exports to
China rose 32% in 2010 to a record $91.9 billion, and have surged 468% over the
past decade, according to the U.S.- China Business Council. Americans usually
complain about the heavy flow of China exports to the US. But, many American
industrial and service firms need China sales to bolster their bottom lines.
8. GREECE IS TANKING
Greece will go under and take many other small EU nations with
it. Austerity measures by Greece will not save it from default according to
most credit experts. Even if budget and wage cuts buy the nation some
time, the lack of stimulus will ruin a job market which already has a 40%
unemployment rate among its youth. Ireland and Portugal have similar problems.
A series of defaults among the nations may damage the bank and credit system
more than the collapse of Lehman. It will certainly decimate earnings and
balance sheets of many European banks. The EU portion of the global bank system
could go into a state of shock that would cripple the global credit process.
Another by-product of ruined banks is that access to the capital needed to
drive economic growth will disappear. A sharp slowdown of EU consumer spending
will cripple the US export economy, particularly if combined with a slowdown in
China.
Douglas A. McIntyre ‘
Fed’s
‘QE2’ leaves mixed legacy The Fed’s much-debated effort to boost the
economy by buying $600 billion in bonds ends Thursday. (Washington Post) [
Mixed? How ‘bout an undisputable legacy of failure, by the fed’s own words and
stated mission and purpose. And, count on more fake data; ie., today’s near
meaningless in terms of reality ‘fake’ jobs report which they hope will keep
the foos (fools) ball rolling on fraudulent wall street; viz., ‘The standard
unemployment rate most often used by the Fed is currently at 9.1%, up 90% since
Bernanke started. The more inclusive (realistic) U6 number stands at
15.8%, up 75% in the same period. The Civilian Participation Rate has
declined 2.87% to 64.2%.This is the lowest level the U.S. has seen since March,
1984. The decline amounts to 8,946,844 fewer Americans in the labor
force. Had they not dropped out because of a lack of jobs, the “official”
unemployment rate would be significantly higher. While we can debate the
meaning of the term maximum employment, it is clear that the jobs data has
deteriorated considerably since Bernanke took the reins at the Fed. ‘.
Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This
catering to fraudulent wall street was a loser ab initio! That so-called
‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan
and failed miserably except for the frauds on wall street who commissioned up
and down; and, make no mistake, those computer-programmed high-frequency
trading volumes have now been maximized for nation-economy-draining profits for
the frauds like never before and have never been higher. The QE and dollar-debasement
policies were always predictably inflationary, ultimately hyperinflationary,
particularly for stocks; that ‘feel good’ obfuscation that was but in reality
good only for the frauds on wall street. No, there is no modern day alchemy
that spins worthless paper into gold except fraudulently for the frauds on wall
street who’ve literally oftimes done exactly that; ‘cashing out’ for hard
currency and gold, precious metals, at everyone else’s expense including main
street. ] In his June 7
speech, Fed Chairman Ben Bernanke stated, “the best way for the Federal Reserve
to support the fundamental value of the dollar in the medium term is to pursue
our dual mandate of maximum employment and price stability, and we will
certainly do that.”
.. Bernanke’s
results .. since Ben took the reins:
Feb ’06 –
April ’11
|
Items in a Typical Budget |
% Change |
|
Food and Beverages |
16.54% |
|
Water and sewer and trash collection services |
31.88% |
|
Rent of primary residence |
13.82% |
|
Housing |
8.68% |
|
Fuels and Utilities |
11.93% |
|
Apparel |
4.83% |
|
Medical Care |
20.11% |
|
Gasoline (all types) |
65.12% |
|
Transportation |
23.36% |
|
Tuition, other school fees, and childcare |
29.28% |
|
Recreation |
2.87% |
..
The standard unemployment rate most often used by the Fed is currently at 9.1%,
up 90% since Bernanke started. The more inclusive (realistic) U6 number
stands at 15.8%, up 75% in the same period. The Civilian Participation
Rate has declined 2.87% to 64.2%.
This is the
lowest level the U.S. has seen since March, 1984. The decline amounts to
8,946,844 fewer Americans in the labor force. Had they not dropped out
because of a lack of jobs, the “official” unemployment rate would be
significantly higher. While we can debate the meaning of the term maximum
employment, it is clear that the jobs data has deteriorated considerably since
Bernanke took the reins at the Fed. ..
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
Matt Marcewicz
& Robert Barone, Ph.D.
.. ‘
Inflation
Expectations Are Heating Up
Parties
at odds on deficit reduction Lawmakers in both parties plot strategies that
could make the deal difficult to find common ground. (Washington Post) [ Yes …
Odds on … favorite … a lose / lose solution. The realistic scenario brings to
mind that old adage that, ‘you can’t make a silk purse out of a sow’s ear’ …
and, yeah, the reality is all that bad. A
debt ceiling leadership failure On Leadership | Congress’s failure to fix
the budget deficit is due to fundamental differences of opinion on the role of
government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the
budget stalemate) falls (Washington Post) [Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest
market collapse may begin by June 30th Dennis Slothower is one of the world’s
leading technical analysts. He’s one of the few advisors whose readers
completely avoided ALL losses during the disaster that was 2008. And now he’s
issuing another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as June 30th– so
it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [
Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds
like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final
say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T;
you know, ‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc.,
are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
A Mid-Year
Review and Full 2012 Outlook Simon
Maierhofer, June
28, 2011,
Time flies.
The 2011 calendar year is already half over, and based on the main stream 2011
outlook, the market's performance surprised many. I forgot just how bullish
Wall Street and the media was when coming into 2011. Look at the headlines
below and you'll see what I mean.
'Get over your
fear and get back into stocks' - USA Today, 12-17-2010
'Bullish on
tech and 2011' - Barrons, 12-20-2010
'Don't see a
double dip for housing' - Morningstar, 12-29-2010
'Economic
rebound forecast for 2011' - Seattle Times, 12-12-2010
'Investor's
forecast: Sunny with a chance of overheating' - WSJ, 1-3-2011
'Why U.S.
stocks may finally be a good buy' - Mootley Fool, 1-3-2011
'Real estate:
Finally a good investment' - SmartMoney, 1-19-2011
'Why the
S&P is still a bargain' - USNews, 2-4-2011
'11 signs the
economy is on the right path' - MarketWatch, 2-10-2011
Judging the
media with 20/20 hindsight is always a blast, but I must admit that I was too
chicken to provide a full 2011 forecast via the ETF Profit Strategy Newsletter.
Vaguely
Accurate
Here's what I
told Investor's Business Daily when they asked me for my 2011 forecast
(published in IBD's December, 22, 2010 paper):
'The Fed is
creating a bubble to contain the damage left behind by the bust of the previous
bubble(s). QE2, as desired by the Fed, has led to indiscriminate buying of
stocks and commodities.
On a historic
basis, stocks are overvalued and set to deliver long-term pain, not gain. Based
on various sentiment gauges (Institutional Investor survey of newsletter
writers and American Association for Individual Investors' survey of retail
investors, the VIX, Chicago Board Options Exchange Market Volatility Index, and
CBOE put/call ratio), investors are as optimistic about rising prices today as
they were in late 2007.
Compared to
2007, unemployment has doubled, GDP has tumbled, Americans' desire to spend has
morphed into a new frugality and Europe has caught a contagious financial
virus. Based on sentiment, the cork may pop at any time, although I wouldn't be
surprised if the Fed's POMO (permanent open-market operations) activity can
keep prices afloat through much of 2011. The upside is risky and active traders
may follow the trend until it's broken.'
I admit that
the outlook was somewhat on the vague side but it steered investors in the
right direction - follow the trend but watch out for a correction and a
possibly significant market top. The chart below provides a glance at the
S&P's performance since January 1, 2011 along with various
support/resistance points outlined by the ETF Profit Strategy Newsletter.
http://www.etfguide.com//contributor/UserFiles/8/Image/spx%206%2027%2011.gif
One Month
at a Time
With the major
index stretched to the breaking point but momentum still strong, my strategy
was to tackle the market one month at a time. Initially it made no sense to
buck the trend, but by mid-February, the market seemed to have reached a
breaking point. On February 18, I warned via the ETF Profit Strategy Newsletter
that: 'A fast and steep sell off from current prices is possible.' However, 'If
stocks don't fall below 1,255 and 1,229 we expect new recovery highs later in
2011.'
February 18
was a Friday. The following Monday was a red-across-the-board kind of a day.
The Nasdaq (Nasdaq: ^IXIC) opened Monday 38 points lower than it closed Friday
and dropped an additional 39 points during the day.
Formerly
high-flying sectors like consumer discretionary (NYSEArca: XLY - News), industrials (NYSEArca: XLI - News), materials (NYSEArca: XLB - News), retail (NYSEArca: XRT - News) and technology (NYSEArca: XLK - News) followed suit. The S&P
(SNP: ^GSPC) dropped 23 points and the Dow (DJI: ^DJI) 177 points.
About two
weeks later, the Japan Earthquake news rocked the world and saw another wave of
selling. But, the S&P never closed below the 1,255 support and triggered a
low-risk buy signal the week of March 14 (March 20, ETF Profit Strategy
Update).
The up side
target was outlined in the April 3 update of the newsletter: 'There is a fairly
strong Fibonacci projection resistance at 1,369. In terms of resistance levels,
the 1,369 - 1,xxx (reserved for subscribers) range is a strong candidate for a
reversal of potentially historic proportions.'
Bearish
Case, Not Closed Yet
The S&P
climbed as high as 1,370 and has since dropped as much as 110 points. But once
again, support surrounding the 1,255 level has not been breached.
In essence,
the S&P is currently stuck in a technical vacuum. The trading range is
1,250 - 1,300. There are plenty of folks who still believe the 'bull market' is
not yet over while the investing crowd has turned notably bearish (generally a
bullish signal). From a technical point of view, new highs are still possible.
The
Presidential Election Cycle, which sports gang buster pre-elections year
performance, supports the idea of new highs later on in 2011. Naturally, the
incumbent President will do whatever he can to court Americans for their vote.
Financial
Trickery
Shenanigans
designed to 'bribe' investors include maneuvers like releasing a portion of the
U.S. Strategic Petroleum Reserve. According to the New York Times, tapping into
the oil reserve for frivolous reasons is a bad idea because the oil (NYSEArca: USO - News) will eventually have to be
replaced, usually at higher prices. But right now, the priority is to make
voters happy. Low gas prices will do just that.
Other
financial tricks include changing how the Consumer Price Index (CPI) is
calculated. Lawmakers are proposing to change the CPI methodology to include
changed spending patterns caused by price increase. For example, consumers tend
to drive less when gas prices increase.
This would
artificially lower the CPI and lower federal spending by around $220 billion
over the next decade. Passing such a proposal would surely be touted as a
victory in the battle against the debt ceiling while social security recipients
see their monthly checks shrink (social security payments are linked to the
CPI).
Another trick
is 'QE2-light'. Yes, even though QE2 is officially over, the Federal Reserve
will continue to reinvest maturing securities and buy Treasuries (NYSEArca: TLT - News) from banks (NYSEArca: KBE - News) at the rate of about $25
billion a month over the next year.
2011
Outlook
Quite frankly,
formulating a high confidence 2011 outlook right now is tricky (isn't it always).
But here is what we do know:
A major market
top is forming. The S&P reached the bottom end of our target range (1,369)
and was clearly rejected. We also know that crucial support at 1,255 has held.
Even though the market behaved like a significant top had been reached, it
failed to confirm it thus far.
The key
question is whether the upper end of our target range will be tested or not. At
this point it is too early to see, but that doesn't mean we are 'flying blind.'
The S&P
(and any other major index) won't rally to new highs unless they break key
resistance. Our strategy as of late has been to sell against resistance and buy
against support. This has worked like a charm. Once resistance is broken, we'll
buy against resistance and sell against support. This will keep investors on
the right side of the trade regardless of what the market has in store for us…’
Why your local Hospital could soon shut down
(StansberryNewsletter) http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR
Geithner Looks
to Exit Treasury Dept. Bloomberg | Timothy F. Geithner has
signaled to White House officials that he’s considering leaving the
administration.
A
Huge Number Of Americans Believe The Economy Has Now Entered “Permanent
Decline” Business Insider | 39% of Americans believe the
US economy has entered “permanent decline” according to a new poll. 39% of
Americans believe the US economy has now entered “permanent decline” according
to a new poll from CBS and NYT.
The
IMF joins Bernanke in threatening US legislators M. Ruppert
| We do not need to raise taxes or put austerity measures in place in order to
save the United States.
It’s
Official: China Is The “Mystery” Daily Buyer Of Billions Of Euros Over the
past two weeks, we have been suggesting, tongue in cheekily, that despite the
relentless desires of everyone to sell the EUR, it has continued to drift
higher, due to some inexplicable force with bottomless pockets, which, after
some deductive logic, we assumed was China. It turns out we were correct.
New
Investment Strategy: Preparing for End Times Investment professionals have
a new pitch: The sky could soon be falling.
National / World
Unemployment:
No Extended Benefits For People Laid Off From Now On Arthur Delaney
| Will not be eligible for any of generous extended unemployment benefits
layoff victims have received from government since 2008.
Police Taser, Beat, Pepper Spray Mentally Handicapped
Teen – Then Charge Him With Assault Paul Joseph Watson
| Disabled minor’s speech impediment “mistook for disrespect”.
TSA Too Busy Searching Diapers Over Checking Passports,
Flight Passes Steve Watson | Nigerian man waltzes
on and off LA bound flight from New York without valid ticket or passport.
Napolitano, Europeans Warn al-Qaeda May Get Libyan
Weapons Kurt Nimmo | Meanwhile, France admits it
has armed rebels in league with al-Qaeda.
Idiocy
Reigns Supreme Paul Craig Roberts | There is no
freedom, no democracy, and no government accountability in Amerika, a fascist
state.
Greece: This is What an IMF Riot Looks Like Kurt
Nimmo | IMF riots are planned across the board by the global elite.
Obama on Libya: “I Don’t Even Have to Get to the
Constitutional Question” Paul Joseph Watson |
Arrogant statement betrays hostility to rule of law.
Top Obama Advisor: Homeland is “Primary” Focus of
Counterterrorism Activist Post | The Huffington
Post is reporting that the White House is set to release their new
counterterrorism strategy on the White House website.
Is The Mainstream Media Covering Up The Truth At Los
Alamos, Ft. Calhoun And Fukushima? The American Dream |
What in the world is really going on at Los Alamos, Ft. Calhoun and Fukushima?
Riot
police braced for violence as union protesters march in cities across the UK
and strike closes a third of all schools Riot police were put on standby in
anticipation of trouble in Central London, as anarchist group Black Bloc
threatened ‘a day of rage’ and 10,000 officers have had their leave cancelled.
Official:
U.S. drone strikes at Somali militants The airstrike makes Somalia at least
the sixth country where the U.S. is reportedly using drone aircraft to conduct
lethal attacks. The latest target: senior members of a militant group linked to
al-Qaeda. (Washington Post) [ It isn’t often I get a chance to commend military
action these days; but, I really hate somalians … Well done! … I’ll not forget the
way they paraded those 18 dead rangers on a peace mission around … If up to me,
I’d have made 18 square miles of Mogadisho one big cemetery / parking lot (I’m
not kidding!). Deaths of four Americans reflect increasing
violence of Somali piracy (Washington Post) [ Drudgereport: U.S.
Warship Tracking Yacht Hijacked by Somali Pirates... [ I realize
there are ‘laws of the sea’ / codified bodies of law within that broad yet very
specific category called ‘maritime law’, none of which I know nor care to know
(I’ll content myself to knowing and seeing to the enforcement of american law
as pertains to me; viz., RICO http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
. I do know that these somali
pirates need killin’ and I further believe that open season on them including using
their boats in the water for target practice makes sense and certainly is
morally justified. I’m tired of hearing about those little weasels … you know,
‘the skinnies’. ] VIDEO:
EU Naval Forces Fight Piracy off Somali Coast [ Yeah! With all their
nation-bankrupting, self-defeating, wasteful, adventuring, warring for no good
reason in Afghanistan, etc., I have been at a loss to understand why they are
not blasting the skinnies out of the water, along with bombing the
skinny-places of refuge! Milbank:
Progressives voice anger at Obama (Washington Post) [ Progressives? Is that all, Mr. ‘wobama
aficionado’, aka Mr. Milbank. How about the vast and overwhelming majority of
this nation, and add in the rest of the world to boot. Robinson:
Why does the Afghan war go on? (Washington Post) [ Well, there’s one person who minces no words
as to why: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel. Then there are, beyond the
regional proximity to oil and an american induced resurgent poppy / heroin
production / trade (the Taliban had all but eradicated same). After all, pervasively
corrupt, defacto bankrupt america is into the illegal drug trade in a very big
way. Obama’s Drawdown Speech: More Orwellian Lies Kurt
Nimmo | The U.S. government has no intention of ending the war and
bringing home all of the troops. Obama:
Time for ‘nation building’ at home
‘Surge’
troops to be ordered home Departure
plan will remove 33,000 troops faster than Obama’s commanders requested but
more slowly than many of his political allies would like. (Washington Post) [
Well, in a certain sense he’s chronologically correct … finish the job of destruction
at home … yeah … it’s true … they haven’t the slightest idea what they’re doing
and no matter what or where, pervasively corrupt, defacto bankrupt america’s
touch is an invariably destructive, negative touch (‘nation building’ the coy,
euphemistic phrase for what is in fact ‘nation destroying’, regardless of spin,
propaganda, and outright lies). Obama’s
task: Keep support for Afghan war The president’s prime-time address on
plans to gradually withdraw troops must remind a skeptical electorate and a
concerned Congress that the country’s longest war remains worth fighting — and
funding. (Washington Post) [ Obama’s task? Support for this nation’s
self-bankrupting Afghan (among other) war(s)? Geeh! Silly me! And all the while
I thought wobama’s task was to bring to fruition all those laudable campaign
promises; viz., jobs / economy not wars, prosecution of the frauds on wall
street responsible for the crisis, etc.. What a total fraud wobama is. America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global
information exchange at lightning speed has made such throwbacks to a lost era,
propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants
and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Relief
in Greece may be temporary Unless
negotiators agree to a long-term budget plan, it will be back to the brink by
the end of summer. (Washington Post) [
That’s an understatement. How ‘bout in ‘Terminator’ fashion they’ll be back by
the end of the summer regardless of the paper plan based on … more paper!
‘Greecin’ the skids, so to speak … for the frauds on wall street. The recurring
non-event that makes for great press purporting to be the main event. The new
scam / sham to keep suckers suckered. I mean, look at the yet again end of
month, quarter, half window dressing based on nothing at all. The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed! Foreclosure, distressed sales up, at least on paper with contracts
signed, so no surprise nor reason to cheer here, as markets worldwide jump on
the american crazy train for a short-lived bounce as all problems remain. This
is the same month end (and quarter, half) spurt / window dressing based on
b***s*** alone to keep the suckers suckered and an especially great time to
sell / take profits since there’s much worse to come! Talk about milking the
greek crisis for the umpteenth time a so-called solution (and there are loads
of greecy scenarios worldwide … I don’t
think so and neither does Schaeffer who says: ‘…even once such a package is passed it only buys
time. Actually fixing the fiscal condition of Greece is not something that can
be solved in a matter of weeks, or even months…‘ but
it’s great press for the churn and earn and to keep the suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. The rally into the close and
the previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the
suckers suckered and for ‘smarter money ‘ along with the frauds to sell into.
This is an especially great opportunity to sell / take profits while you still
can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But that
ratio — which has spiked recently — is extraordinarily high, one might even say
off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times.
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money--
Moody's
warns may downgrade U.S. muni debt ratings
Obama
strikes combative new tone The president sought to assert a commanding
presence on the issues defining his presidency. Milbank:
Obama fights back He was
uncharacteristically assertive in Wednesday’s presser. (Washington Post) [ Defining his presidency?
As with war criminal dumbya bush et als, define ‘failure’, and ‘eureka’!
‘Mission accomplished’! Fait accomplis! If only ‘wobama the b’ (for b***s***)
had done what he said (in his campaign) he was going to do, all would have been
different, including pervasively courrupt, defacto bankrupt america’s and now
the world’s now even more dire, dour prospects. Too little, too late for yet
another failed american presidency. . House
rejects Obama’s Libya policy Lawmakers vote down a measure that would
authorize mission, but stop short of cutting funding. (WP) [ Ah, riiiiight! The
worst of both worlds. ‘Cutting the baby in half’ probably their most
politically expedient solution to appeasing their respective ‘support groups’.
Though not the kind of group therapy support groups that immediately come to
mind, one laments the various elements of the pervasively corrupt u.s.
government are not receiving the kind of psychotherapy they need by way of
group therapy or otherwise. Speaking of
spending cuts, here’s one they ‘dare not do’:
House
votes down SEC budget hike Agency has been seeking a budget increase to
keep pace with its expanded responsibilities. (WP) [ No surprise here given the
prior and continuing defacto complicity in wall street’s enormous frauds. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins
Oscar for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billions from the fraud ) … I want just one person with courage enough to stand
up and explain to all that these huge commissionable computerized trading
volumes like never before are a net negative in a very big way … that’s a fact
… that’s economic reality in real terms!
… Though having but 5% of the world’s
population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This
catering to fraudulent wall street was a loser ab initio! That so-called
‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan
and failed miserably except for the frauds on wall street who commissioned up
and down; and, make no mistake, those computer-programmed high-frequency
trading volumes have now been maximized for nation-economy-draining profits for
the frauds like never before and have never been higher. The QE and
dollar-debasement policies were always predictably inflationary, ultimately
hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that
was but in reality good only for the frauds on wall street. No, there is no
modern day alchemy that spins worthless paper into gold except fraudulently for
the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing
out’ for hard currency and gold, precious metals, at everyone else’s expense
including main street. ] Milbank:
Progressives voice anger at Obama (Washington Post) [ Progressives? Is that all, Mr. ‘wobama
aficionado’, aka Mr. Milbank. How about the vast and overwhelming majority of
this nation, and add in the rest of the world to boot. Robinson:
Why does the Afghan war go on? (Washington Post) [ Well, there’s one person who minces no words
as to why: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel. Then there are, beyond the
regional proximity to oil and an american induced resurgent poppy / heroin
production / trade (the Taliban had all but eradicated same). After all,
pervasively corrupt, defacto bankrupt america is into the illegal drug trade in
a very big way. Obama’s Drawdown Speech: More Orwellian Lies Kurt
Nimmo | The U.S. government has no intention of ending the war and
bringing home all of the troops. Obama:
Time for ‘nation building’ at home
‘Surge’
troops to be ordered home Departure
plan will remove 33,000 troops faster than Obama’s commanders requested but
more slowly than many of his political allies would like. (Washington Post) [
Well, in a certain sense he’s chronologically correct … finish the job of
destruction at home … yeah … it’s true … they haven’t the slightest idea what
they’re doing and no matter what or where, pervasively corrupt, defacto
bankrupt america’s touch is an invariably destructive, negative touch (‘nation
building’ the coy, euphemistic phrase for what is in fact ‘nation destroying’,
regardless of spin, propaganda, and outright lies). Obama’s
task: Keep support for Afghan war The president’s prime-time address on
plans to gradually withdraw troops must remind a skeptical electorate and a
concerned Congress that the country’s longest war remains worth fighting — and
funding. (Washington Post) [ Obama’s task? Support for this nation’s
self-bankrupting Afghan (among other) war(s)? Geeh! Silly me! And all the while
I thought wobama’s task was to bring to fruition all those laudable campaign
promises; viz., jobs / economy not wars, prosecution of the frauds on wall
street responsible for the crisis, etc.. What a total fraud wobama is. Inflation
Expectations Are Heating Up
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Kick
the can (Washington Post) [ I totally agree with Mr. Robinson; namely, they
all need a kick in the can … you know, that ‘washington establishment’ that
have failed all so miserably. Well, I know that’s not what he really meant.
But, ‘do no harm’? Methinks it’s too little, too late no matter what they do to
avoid that! Market Crash 6/30/11?Technical indicators suggest market collapse may
begin by June 30th Dennis Slothower is one of the world’s leading technical
analysts. He’s one of the few advisors whose readers completely avoided ALL
losses during the disaster that was 2008. And now he’s issuing another dire
warning. His technical indicators suggest that the market manipulation we’ve
seen over the last several months is about to come to an end…and that means
thousands of investors are about to get clobbered. This correction could begin
as soon as June 30th– so it’s important that
you take action now to prepare yourself. StealthStocksOnline.com
JFK {Platoon
, Wall Street , Natural Born Killers , W. , Wall Street: Money Never Sleeps } [And yes; I also believe there’s been a coup d’etat in
pervasively corrupt, defacto bankrupt, banana republic america, gunboat
diplomacy, plundering the treasury, and all! ] [I saw ‘JFK’ for the first time today and must say, though
preoccupied at the time (1992) with other things (RICO and consequent
substantial pressure from various nefarious elements, mob, mob-connected /
controlled, corrupt government-state,local,federal, etc.. ) I was ‘hoodwinked’
by mainstream media critics who for the most’ ho-hummed’ the film as more of
the same conspiracy stuff the factual basis for which I was already familiar
with; and hence, disinclined to make any significant effort to view same. Boy,
were they and derivatively I wrong! I am totally astounded by the insightful
documentation in this film, so masterfully presented in cinematic form. If at
all, Stone seemed shy about presenting even reasonable inferences from facts so
strictly set forth. By leading with actual speech footage from who I believe to
have been america’s last great president / leader, the substantially underrated
President General Eisenhower who warned of the dangers inherent to the military
/ industrial complex, Stone set the tone for what I believe to have been the
most courageous and significant warning of the current national and global
crises confronting the nation and world today and the reasons therefore (his
negative exposés of wall street, inherent american criminality, W, etc.,
complement and support his theme while revealing his wide range, wisdom, and
talent). (I must say that I liked Ronald Reagan, as I’ve previously said I like
Robert Redford, as being very likeable guys - I’m also conservative, but not to
a fault – his rational approach and results with Gorbachev were his most
significant accomplishments. Parenthetically and coincidentally, I also saw for
the first time this same day, Reagan in ‘Bedtime for Bonzo’; and, I was shocked
that it was better than I could have possibly imagined and hardly the stuff
warranting the mocking he got for same on the political trail … do you think it
was just a foreboding of the nation’s current predicament with ‘wobama the b’
(for b***s***); and yes, I do have that ‘birther wobama family portrait’ on my
website front page http://albertpeia.com . In sum, the inherently criminal behaviors
of americans as depicted are all too real and an auspicious sign indicative of
corruption across the board and through all levels of u.s. government. In light
thereof, I’m compelled to wonder as previously set forth and infra, whether my
trust in and affinity for the FBI will have been ultimately proven to have been
contraindicated in fact and reality; and hence, as I ponder, a maladaptive
personal trait / flaw. Stated another way, should having then done the deal with
the mob for the money despite personal ethics and oath militating against same
have been the correct choice in pervasively corrupt america. It certainly up to
this point would have been the most expedient, efficacious, and adaptive choice
in pervasively corrupt, inherently criminal america. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
The purported leaders today; compromised, cowardly,
criminal puppets all, the story of pervasively corrupt, defacto bankrupt
america today.
Filmography - As Director
|
Year |
Film |
Academy Award Nominations |
Academy Award Wins |
Golden Globe Nominations |
Golden Globe Wins |
BAFTA Nominations |
BAFTA Wins |
|
1974 |
|
|
|
|
|
|
|
|
1981 |
|
|
|
|
|
|
|
|
1986 |
2 |
|
|
|
|
|
|
|
1986 |
8 |
4 |
4 |
3 |
3 |
2 |
|
|
1987 |
1 |
1 |
1 |
1 |
|
|
|
|
1988 |
|
|
|
|
|
|
|
|
1989 |
8 |
2 |
5 |
4 |
2 |
|
|
|
1991 |
|
|
|
|
|
|
|
|
1991 |
8 |
2 |
4 |
1 |
2 |
2 |
|
|
1993 |
|
|
1 |
1 |
|
|
|
|
1994 |
|
|
1 |
|
|
|
|
|
1995 |
4 |
|
1 |
|
1 |
|
|
|
1997 |
|
|
|
|
|
|
|
|
1999 |
|
|
|
|
|
|
|
|
2003 |
|
|
|
|
|
|
|
|
2004 |
|
|
|
|
|
|
|
|
2006 |
|
|
|
|
|
|
|
|
2008 |
|
|
|
|
|
|
|
|
2009 |
|
|
|
|
|
|
|
|
2010 |
|
|
1 |
|
|
|
|
|
2012 |
|
|
|
|
|
|
|
|
Total |
31 |
9 |
17 |
9 |
8 |
4 |
|
October 15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of
the Federal False Claims Act probably would
apply and I would absent resolution seek to refer the within to a firm with
expertise in that area of the law with which I am not familiar).
The
document in 5 pages under penalty of perjury I was asked to forward to the FBI
office in New Haven is probably the best and most concise summary of the
case RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm . With regard to the
calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA
office and I was referred to the Long Beach, CA office where I personally met
with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the
money laundering which he confirmed as indicative of same (he was transferred
from said office within approximately a month of said meeting and his location
was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron
Barndollar and we remained in touch for in excess of a decade until he abruptly
retired (our last conversation prior to his retirement related to the case and
parenthetically, Rudy Giuliani whose father I stated had been an enforcer for
the mob to which he registered disbelief and requested I prove it, which I did
– he served 12 years in prison, aggravated assault/manslaughter? – and no,
there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
- A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc..
- Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had falsely
stated a dismissal upon which false statement he predicated a retaliatory
and spurious contempt proceeding against me causing substantial damage,
and for which he sought Judicial Notice of those and related proceedings
as did I in some of my filings.
- The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice
on Coan’s Failure to File Page 1 Page 2 ]
- Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
- Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
- Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In addition to being
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. As much as I hate the mob, it truly was funny, if
not so tragic.], Alito is
also corrupt (and maybe corrupt because he is inept). After a reasonable
(but still rather short) time I called to determine the status and was
told that Alito was no longer with the Office of the U.S. Attorney, that
he was (appointed) a federal judge, and that neither the documents nor any
file or record of same could be located. Alito did parley the same /
cover-up into quid pro quo direct lifetime appointment to the Court of
Appeals, 3rd circuit, despite the absence of judicial
experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as
well). This is the same Sam Alito that now sits on the purported highest
court in the land. The real application of the illegal rule ‘don’t ask,
don’t tell’.
There
is applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert
L. Peia
611
E. 5th Street, #404
Los
Angeles, CA 90013
(213)
219-**** (cell phone)
(213)
622-3745 (listed land line but there are unresolved problems with the line,
computer connection may be the reason but I hesitate to chance greater
non-performance / worsening by their ‘fix’ so cell phone best for contact).
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
FBI
trouble after Bulger’s capture? The
crime boss is said to have boasted of corrupting agents. If he talks, some
could live to regret it. (Washington Post) [ Wow! I knew the northeast
generally, jersey / new york particularly in terms of mob infestation /
infiltration / control, and the unique status of virginia in terms of
government (cia / military, all three branches in support thereof) involvement
in the illegal drug trade, etc., connecticut and california derivatively
thereby; but I’m now wondering about the stonewalling across the board
regarding the RICO matters [ I personally trust the FBI, and to be truthful,
really have no choice but to do so; moreover, I personally like the FBI … I
hope that’s not been a mistake and ultimately a personal flaw, respectively,
since it is the liars (sic lawyers, ie., in the DOJ, etc.) who’ve been
invariably the corrupting, corrupt, corruptible agents, including judicially
and otherwise ]. : http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were routinely
exposed by ‘italians’ in the new york d.a.’s office over the objection of the
FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized
crime [ this was documented with authority in the book ‘Goombata: The
Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality http://albertpeia.com/grimreality.htm Mob
boss brought back to Boston; will he sing? DENISE LAVOIE BOSTON (AP) — James "Whitey"
Bulger's capture could cause a world of trouble inside the FBI.
The
ruthless Boston crime boss who spent 16 years on the lam is said to have
boasted that he corrupted six FBI agents and more than 20 police officers. If
he decides to talk, some of them could rue the day he was caught.
"They
are holding their breath, wondering what he could say," said Robert
Fitzpatrick, the former second-in-command of the Boston FBI office.
The
81-year-old gangster was captured Wednesday in Santa Monica, Calif., where he
apparently had been living for most of the time he was a fugitive. He appeared
Friday afternoon inside a heavily guarded federal courthouse in Boston to
answer for his role in 19 murders.
Bulger,
wearing jeans and a white shirt, looked tan and fit and walked with a slight
hunch at back-to-back hearings on two indictments. He asked that a public
defender be appointed to represent him, but the government objected, citing the
$800,000 seized from his Southern California apartment and his "family resources."
"We
think he has access to more cash," said prosecutor Brian Kelly.
At
the second hearing, Bulger took a swipe at prosecutors after Magistrate Judge
Marianne Bowler asked him if he could afford to pay for an attorney.
"Well,
I could, if they would give me my money back," he replied in his
unmistakable Boston accent, prompting laughter in the courtroom.
Kelly
implied that Bulger's cash came from illegal activities.
"He
clearly didn't make that on a paper route on Santa Monica Boulevard," he
said.
Prosecutors
asked that Bulger be held without bail, saying he is danger to the community
and may try to threaten witnesses.
"He's
also, quite obviously, a risk of flight," Kelly said.
Kelly
also said Catherine Greig, Bulger's longtime girlfriend who was arrested with
him, told court officials that Bulger's brother may be willing to assist him in
posting bail.
Bulger
did not ask for a detention hearing, but his lawyer said he may later make an
argument that Bulger should be released on bail while awaiting trial.
The
amount of money found in Bulger's apartment confirmed a longheld belief by
investigators that he kept large stashes of cash for a life on the run.
"We
clearly don't think this is his last stash," Kelly said.
When
Bulger walked into the courtroom, he saw his brother William, the former
powerful leader of the state Senate, seated in the second row. Whitey Bulger
smiled at him and mouthed, "Hi." His brother smiled back.
Greig
appeared in court a few minutes later on charges of harboring a fugitive. She
asked for a hearing to determine whether she can be released on bail, and one
was scheduled for next week.
Bulger,
the former boss of the Winter Hill Gang, Boston's Irish mob, embroiled the FBI
in scandal after he disappeared in 1995. It turned out that Bulger had been an
FBI informant for two decades, feeding the bureau information on the rival New
England Mafia, and that he fled after a retired Boston FBI agent tipped him off
that he was about to be indicted.
The
retired agent, John Connolly Jr., was sent to prison for protecting Bulger. The
FBI depicted Connolly as a rogue agent, but Bulger associates described more
widespread corruption in testimony at Connolly's trial and in lawsuits filed by
the families of people allegedly killed by Bulger and his gang.
Kevin
Weeks, Bulger's right-hand man, said the crime lord stuffed envelopes with cash
for law enforcement officers at holiday time. "He used to say that
Christmas was for cops and kids," Weeks testified.
After
a series of hearings in the late 1990s, U.S. District Judge Mark Wolf found
that more than a dozen FBI agents had broken the law or violated FBI
regulations.
Among
them was Connolly's former supervisor, John Morris, who admitted he took about
$7,000 in bribes and a case of expensive wine from Bulger and henchman Stephen
"The Rifleman" Flemmi. Morris testified under a grant of immunity.
In
addition, Richard Schneiderhan, a former Massachusetts state police lieutenant,
was convicted of obstruction of justice and conspiracy for warning a Bulger
associate that the FBI had wiretapped the phones of Bulger's brothers.
Edward
J. MacKenzie Jr., a former drug dealer and enforcer for Bulger, predicted that
Bulger will disclose new details about FBI corruption and how agents protected
him for so long.
"Whitey
was no fool. He knew he would get caught. I think he'll have more fun pulling
all those skeletons out of the closet," MacKenzie said. "I think
he'll start talking and he'll start taking people down."
A
spokesman for the Boston FBI did not return calls seeking comment. In the past,
the agency has said that a new generation of agents has replaced most or all of
the agents who worked in the Boston office while Bulger was an informant.
A
law enforcement official who requested anonymity because of the ongoing investigation
told The Associated Press on Friday that FBI agents lured Bulger out of his.,
apartment earlier this week by telling him someone had broken into his on-site
storage unit. The official said Bulger walked out of the apartment, was
arrested without incident and consented to a search of the premises.
Some
law enforcement officials said they doubt Bulger will try to cut a deal with
prosecutors by exposing corruption, in part because he will almost certainly be
asked to reveal what contact he had with his brothers while he was a fugitive
and whether they helped him in any way.
"If
Bulger talks, he would have to talk about his brothers, and I can't see that
happening, said retired state police Detective Lt. Bob Long, who investigated
Bulger in the 1970s and '80s."They are not going to take selective
information from him — it's either full and complete cooperation or
nothing."
Criminal
defense attorney and former Drug Enforcement Administration agent Raymond
Mansolillo said Bulger may not have any incentive to talk. "The FBI may
say, 'You're going to jail or you're going to be killed. We're not offering you
anything,'" said Mansolillo, who once represented New England crime figure
Luigi "Baby Shacks" Manocchio.
But
retired Massachusetts state police Maj. Tom Duffy, one of the lead
investigators in the Bulger case, said Bulger may agree to talk if he thinks it
could help his girlfriend.
"It's
very possible he's concerned about her well-being — she was with him for 16
years and was very loyal to him," Duffy said. "That may be a
bargaining chip for the government during negotiations."
The
question of whether Bulger will be given a public defender will be decided
later. A hearing was scheduled for Tuesday. He did not enter a plea.
Bulger
is "looking forward to facing the charges against him," said Peter
Krupp, a lawyer assigned to represent Bulger for purposes of Friday's hearing
only.
Among
the onlookers at the courthouse was Margaret Chaberek, who grew up in Bulger's
home turf of South Boston. "I'm here to see him get what he
deserves," she said.
Ina
Corcoran of suburban Braintree came on her day off to witness a piece of
history and sat on a bench outside the fifth-floor courtroom, saying it was
like being there to see Al Capone.
"If
you could go back in time to be in that courtroom, wouldn't you?" she
said.
___
Associated
Press writers Johanna Kaiser, Laura Crimaldi in Providence, R.I., Curt Anderson
in Miami and Greg Risling in Los Angeles contributed to this report.’
Trail
to bin Laden began with phone call (Washington Post) [ It’s truly difficult
not to like Mr. Woodward or not to receive well anything he reports on. After
all, having been played on the big screen by extremely likeable Robert Redford,
I’m constrained to say I myself am predisposed to liking Mr. Woodward
(Hoffman/Bernstein – not so much) and being thusly more receptive to what he
has to say (that ‘transfer aspect’ of ‘propaganda’ which I was fortunate to
have studied in sixth grade, the advanced reading group, courtesy of James
Bresnahan, undoubtedly the best teacher I’ve ever had, grade for grade – he
treated young people as more than just kids, with exposure to the great
classics, classical music, slides and insights from his wide-ranging world
travels, etc.). This is not to say Mr. Woodward should in any way be diminished
inasmuch as his substantial journalistic credentials and contributions speak
for themselves (particularly his recent piece, at great peril I believe, on the
ubiquity of high level security clearances in the Washington metro area).
Moreover, his contributions are invariably a welcomed positive for the great
paper, The Washington Post. Yet, Mr. Woodward was a ‘navy man’, after all; and,
I can’t help but think, with all the scripted, staged hoopla surrounding the
Bin Laden affair, his ‘gorge rises at it’. Indeed, 911 itself; that ‘pearl
harbor event’ so sought by the neo-cons / war mongerers still defies
explanation (ie., the ‘stand-down order’, symmetrical implosions, foreknowledge
by some {who conveniently ‘missed the party’ that day}, etc.. Some links,
echoing the unbelief akin to the ‘Jessica Lynch’, Tillman, etc., affairs follow. Additionally, people
must remain attuned to the reality that though
having but 5% of the world’s population, america can boast 76% of the world’s
serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto
bankrupt, fraudulent america also spends more on military spending than all the
nations of the world combined... federal employees / contractors, cia, all 3
branches of the u.s. government, etc., are included in this evolved american
trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ], and the highest crime
rates in the world by far. That perverse field of dreams I’ve previously
alluded to, the american nightmare, if you build / contrive war, they will
come. And, they do; seals of them (among others); and when their ‘tours’ are
done, it’s murder inc./contract killing for hire that they’ve won (cia, mob,
etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred
to as the american century, brings longings of nostalgia to american criminals
who, like Pavlov’s dogs salivate at the
prospect of killing, raping, pillaging,
and plundering which primitive mindset they have mistakenly been conditioned to
connect to their now irretrievably lost success as a nation state, and to the
contrary, has become globally and domestically self-destructive /
self-defeating. In so short a period of time, it is unlikely that Mr. Woodward
could do an incisive investigative piece as he’s become famed for; nor could he
reasonably be expected to have done so given the ‘breaking nature’ of the
story. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and
reeks of political desperation and Orwellian opportunism. Uncharacteristically,
and somewhat disingenuously, I’m not going to read Mr. Woodward’s article so
that I can continue to like Bob Woodward Redford.]
Here’s
Why Pending Home Sales Skyrocketed in May Wall St. Cheat
Sheet[Foreclosure, distressed sales up, at least on paper, from contracts
signed!]
The Real Reason Behind This Rally - How High Will It Go?
ETFguide Simon Maierhofer, On Wednesday June
29, 2011 ‘If you've read any of my articles before, you know that I have
a mini obsession with reading (and quoting) headlines. As a contrarian, I
always like to have a pulse on the media's outlook because it can provide
valuable contrarian clues.
Here are some of the headlines featured last week:
'Greek
default could trigger chain reaction' - AP
'Why
Wall Street still says buy, and you shouldn't' - AP
'Is
the bull market over?' - Barrons.com
Interestingly,
the Barrons.com article commented that: 'A look at four different sentiment
measures suggests that more pain may await investors.'
I
looked at similar sentiment measures and my conclusion was just the opposite.
Bearish Sentiment Extremes
By
last Thursday (June 16) the market had recorded a number of bearish sentiment
extremes. The most notable was the CBOE Equity Put/Call Ratio, which spiked to
the highest level since early 2009.
Bullish
sentiment captured by the AAII and II polls had also dropped significantly. In
fact, the percentage of bullish advisors and investors was almost as low last
week as it was in the summer of 2010 when the S&P was just barely above
1,000.
The
VIX (Chicago Options: ^VIX) was the only sentiment gauge that wasn't in
dangerous territory. However, the VIX set up to trigger a buy signal for stocks
on Wednesday (June 15).
The
chart below featured last week by the ETF Profit Strategy Newsletter on June
17, neatly summarizes the various sentiment indicators. The Newsletter's simple
conclusion was that: 'Things might be so bad, it's actually good.'
http://www.etfguide.com//contributor/UserFiles/8/Image/vital%20signs%20july%20yahoo.gif
Support Levels
Sentiment
gauges are valuable, but basing decisions merely on sentiment can be dangerous.
For that reason, the ETF Profit Strategy Newsletter always looks at
structurally important support/resistance levels.
Here
are some of them mentioned in Wednesday's (June 15) Profit Strategy update:
1)
A trend line originating at the March 2009 low 2) Fibonacci support 3) March
16, 2011 low 4) 200-day moving average 5) Weekly pivot support
All
this support was clustered between S&P (SNP: ^GSPC) 1,259 - 1,245, and the
Newsletter recommended to close out short positions (established when the
S&P reached the Newsletter's upside target at 1,369) and leg into long positions
as soon as the S&P entered this range. It did so on Thursday, June 16.
Bullish Dow Theory Non-Confirmation
In
the week of June 13, The Dow Jones Industrial Average (DJI: ^DJI) dropped to a
new 3-month low on Wednesday (June 15), while the Dow Jones Transportation
Average (NYSEArca: IYT - News)
recorded its low previously on Monday (June 13). According to Dow Theory, this
is bullish as long as the Dow Jones Transportation Average does not fall below
5,043.21 and not close below 5,072.58.
Another
bullish non-confirmation was found between the DJIA (NYSEArca: DIA
- News)
and the S&P 500 (NYSEArca: VOO - News),
Russell 2000 (NYSEArca: IWM - News),
Nasdaq Composite (Nasdaq: ^IXIC), and Nasdaq-100 (Nasdaq: QQQ
- News).
The senior DJIA was the only major index that did not fall to a new low on
Thursday (June 16).
How High Will it Go?
The
key question now is whether this rally is merely a bounce within a new bear
market or an attempt to reach new highs. The assessment made on June 15 was
that: 'The current trading range is seen to be between 1,250 - 1,300.'…’ [ This
is but a bounce in a secular bear market based on b***s*** alone! ]
Population bomb: 9 billion march to WWIII Paul B. Farrell
How much will our wars cost? Report says $4 trillion
Farage:
Arab Spring Could Lead to “Mediterranean Summer of Discontent” BBC
News | “It doesn’t matter how much money you throw at it… the fact is
that Greece is going bust,” he told MEPs.
EU
president Van Rompuy fear-mongers global economic ruin if Greek austerity vote
fails AFP | Brussels told Greece that no “Plan B” would be
waiting if it failed to pass the measures demanded.
Meet The
IMF’s New Leader, Christine Lagarde NPR | France’s finance
minister secured the top job at the IMF.
Austerity
Riots – A Glimpse Of America’s Future? Are the austerity protests and riots
happening in Greece right now a glimpse of America’s future? The truth is that
both nations are absolutely drowning in debt.
The day in 2011 that will change your life (Stansberry) http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR
U.S.
cost of war at least $3.7 trillion and counting The final bill will run at
least $3.7 trillion and could reach as high as $4.4 trillion, according to the
research project “Costs of War” by Brown University’s Watson Institute for
International Studies.
Gold
Rises As Greek Parliament Approves Austerity Gold traded higher for a second
day on word that the government of Greece will accept austerity measures
despite the overwhelming rejection of the IMF and EU plan by the Greek people.
Obama
Pushing U.S. To Economic Disaster: Google Founder The eccentric and frugal
billionaire college professor who helped Sergey Brin and Larry Brin develop
Google has warned that US President Barack Obama is pushing the U.S. towards a
path of economic disaster.
Afghanistan
Central Bank Head Flees To US In what may be the most prophetic news of the
day, we learn that the head of Afghanistan’s central bank, Abdul Fitrat (what
an oddly appropriate name for a central banker), has escaped the country,
emigrated to the US and “isn’t expected to return.
Bank
of America close to $8.5B deal Bank could announce a settlement today
involving claims it sold investors poor-quality securities. (Washington Post) [ Great deal, for them as
for the big frauds on wall street who’ve cashed out worthless / toxic / assets
/ paper at ‘mark to anything’ (congressional FASB rule change help) and QE etc.
(fed help - Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money--). House
rejects Obama’s Libya policy Lawmakers vote down a measure that would
authorize mission, but stop short of cutting funding. (Washington Post) [ Ah,
riiiiight! The worst of both worlds. ‘Cutting the baby in half’ probably their
most politically expedient solution to appeasing their respective ‘support
groups’. Though not the kind of group therapy support groups that immediately
come to mind, one laments the various elements of the pervasively corrupt u.s.
government are not receiving the kind of psychotherapy they need by way of
group therapy or otherwise. Speaking of
spending cuts, here’s one they ‘dare not do’:
House
votes down SEC budget hike Agency has been seeking a budget increase to
keep pace with its expanded responsibilities. (Washington Post) [ No surprise
here given the prior and continuing defacto complicity in wall street’s
enormous frauds. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins
Oscar for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billions from the fraud ) … I want just one person with courage enough to stand
up and explain to all that these huge commissionable computerized trading
volumes like never before are a net negative in a very big way … that’s a fact
… that’s economic reality in real terms!
… Though having but 5% of the world’s
population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
A
debt ceiling leadership failure On Leadership | Congress’s failure to fix
the budget deficit is due to fundamental differences of opinion on the role of
government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the
budget stalemate) falls (Washington Post) [Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of these
other fellow nincompoops don’t; particularly about economics / finance, even
compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest
market collapse may begin by June 30th Dennis Slothower is one of the world’s
leading technical analysts. He’s one of the few advisors whose readers
completely avoided ALL losses during the disaster that was 2008. And now he’s
issuing another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as June 30th– so
it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [
Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds
like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final
say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T;
you know, ‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ]
Pawlenty
emerges as hawk in GOP field
Candidate criticizes Obama, Clinton and GOP for views on the continuing
uncertainty in the Middle East.
(Washington Post) [ Pawlenty? Pawlenty crazy! Plenty crazy! Pawlenty is
plenty crazy! Pawlenty is crazy! This is an eminently reasonable inference. After
all, jive-talkin’ wobama the b (for b***s***)’s ‘got rythym’ so as per the
song, ‘who could ask for anything more’. Indeed, contrary to campaign promises,
he’s given the military industrial complex all they’ve asked for and more so
‘who could ask for anything more’. But they do, ask for more, war. In fact,
more, as in ever more worthless, debased paper dollars that haven’t even been
printed yet. More, as in enough to make mor … on, war criminal bush look like a
piker. More … bankrupt though though this pervasively corrupt nation’s already
defacto bankrupt. Though lost on Washington, rationality counts. Numbers count.
Reality counts. The pandering man without a message, pawlenty, plenty, crazy! …
Though having but 5% of the world’s population, the
u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
New
IMF chief faces immediate tests Lagarde faces immediate tests in Greece, as
well as a longer-range commitment to giving developing nations more power
within the IMF.(Washington Post) [ Test number 1: Can she count? Yes, a simple
math test. Test number 2: Has she lost
touch with reality? Yes, a simple psychological test determinative of whether
she’s lost touch with reality. If, unlike her american ‘counterparts along with
no-recession-helicopter-ben-bs-bernanke’, she passes tests 1 and 2, she then
qualifies to undergo tests for competence in economics, finance, law which thus
far have been absent from both discourse and action. House
rejects Obama’s Libya policy Lawmakers vote down a measure that would
authorize mission, but stop short of cutting funding. (Washington Post) [ Ah,
riiiiight! The worst of both worlds. ‘Cutting the baby in half’ probably their
most politically expedient solution to appeasing their respective ‘support
groups’. Though not the kind of group therapy support groups that immediately
come to mind, one laments the various elements of the pervasively corrupt u.s.
government are not receiving the kind of psychotherapy they need by way of
group therapy or otherwise. Speaking of
spending cuts, here’s one they ‘dare not do’:
House
votes down SEC budget hike Agency has been seeking a budget increase to
keep pace with its expanded responsibilities. (Washington Post) [ No surprise
here given the prior and continuing defacto complicity in wall street’s
enormous frauds. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins
Oscar for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billions from the fraud ) … I want just one person with courage enough to stand
up and explain to all that these huge commissionable computerized trading
volumes like never before are a net negative in a very big way … that’s a fact
… that’s economic reality in real terms!
… Though having but 5% of the world’s
population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert
Barone [ How ‘bout both! I mean, come on! This catering to
fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’
market froth was used previously by senile ‘maestro’ greenspan and failed
miserably except for the frauds on wall street who commissioned up and down;
and, make no mistake, those computer-programmed high-frequency trading volumes
have now been maximized for nation-economy-draining profits for the frauds like
never before and have never been higher. The QE and dollar-debasement policies
were always predictably inflationary, ultimately hyperinflationary,
particularly for stocks; that ‘feel good’ obfuscation that was but in reality
good only for the frauds on wall street. No, there is no modern day alchemy
that spins worthless paper into gold except fraudulently for the frauds on wall
street who’ve literally oftimes done exactly that; ‘cashing out’ for hard
currency and gold, precious metals, at everyone else’s expense including main
street. ] In his June 7 speech, Fed Chairman Ben Bernanke stated, “the
best way for the Federal Reserve to support the fundamental value of the dollar
in the medium term is to pursue our dual mandate of maximum employment and
price stability, and we will certainly do that.”
.. Bernanke’s
results .. since Ben took the reins:
Feb ’06 –
April ’11
|
Items in a Typical Budget |
% Change |
|
Food and Beverages |
16.54% |
|
Water and sewer and trash collection services |
31.88% |
|
Rent of primary residence |
13.82% |
|
Housing |
8.68% |
|
Fuels and Utilities |
11.93% |
|
Apparel |
4.83% |
|
Medical Care |
20.11% |
|
Gasoline (all types) |
65.12% |
|
Transportation |
23.36% |
|
Tuition, other school fees, and childcare |
29.28% |
|
Recreation |
2.87% |
..
The standard unemployment rate most often used by the Fed is currently at 9.1%,
up 90% since Bernanke started. The more inclusive (realistic) U6 number
stands at 15.8%, up 75% in the same period. The Civilian Participation
Rate has declined 2.87% to 64.2%.
This is the
lowest level the U.S. has seen since March, 1984. The decline amounts to
8,946,844 fewer Americans in the labor force. Had they not dropped out
because of a lack of jobs, the “official” unemployment rate would be
significantly higher. While we can debate the meaning of the term maximum
employment, it is clear that the jobs data has deteriorated considerably since
Bernanke took the reins at the Fed. ..
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
Matt Marcewicz
& Robert Barone, Ph.D.
.. ‘ Inflation Expectations Are Heating Up
Market
Crash 6/30/11?Technical indicators suggest market collapse may begin by June
30th Dennis Slothower is one of the world’s leading technical analysts. He’s
one of the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th– so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com
National / World
Texas Special Session Ends Without Passage of Anti-TSA
Groping Bill Kurt Nimmo | Federal intimidation
efforts successful in preventing bill to stop molestation of air travelers.
Mayor Bloomberg Remixes al-Qaeda Video to Push Gun
Control Effort Kurt Nimmo | Absurd al-Qaeda video
exploited by Bloomberg called for Muslims to buy automatic weapons at gun shows
and kill Americans.
EPA On Radiation Alert As Fires Reach 50 Feet From Los Alamos
Nuke Plant Paul Joseph Watson | Environmental
Protection Agency cannot be trusted to provide accurate information about
health threats.
Ron Paul: Obama’s Libya War Power Grab Impeachable Kurt
Nimmo | Presidents have waged war without constitutional authority
since Truman and the creation of the national security state.
Gold Rises As Greek Parliament Approves Austerity Kurt
Nimmo | Gold realized the most significant daily rise in nearly six
weeks.
Greece
to vote on austerity plan Lawmakers are expected to vote today on $40B
package of spending cuts that have sparked protests. (Washington Post) [ ‘Greecin’ the skids, so to speak … for the
frauds on wall street. The recurring non-event that makes for great press
purporting to be the main event. The new scam / sham to keep suckers suckered.
I mean, look at the yet again end of month, quarter, half window dressing based
on nothing at all. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed! Talk about milking the greek crisis and for the umpteenth
time a so-called solution (and there are loads of greecy scenarios worldwide)
… I don’t think so and neither does
Schaeffer who says: ‘…even once such a package is passed it only
buys time. Actually fixing the fiscal condition of Greece is not something that
can be solved in a matter of weeks, or even months…‘
but it’s great press for the churn and earn and to keep the suckers
suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. The rally into the close and the previous so-called (4 day)
‘rally’ was based on b***s*** alone to keep the suckers suckered and for
‘smarter money ‘ along with the frauds to sell into. This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times. The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this
week,” Brooks said. “They’re vastly underestimating the source of piolitical
risk here. We could have a major problem, I think, either this summer or the
next couple years. And I’d be worried about investing too much in the market.
That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast
turmoil and their wars to obfuscate and divert attention from their
failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th– so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com
Final Showdown For TSA Groping Bill Paul
Joseph Watson | Will House pass Dan Patrick’s SB 29 or settle for a
completely worthless resolution?
Fire Threatens Plutonium and Uranium Release at Los
Alamos National Laboratory Washington’s Blog | A
raging wildfire is threatening to engulf the Los Alamos National Laboratory.
Charges dismissed against woman arrested while
videotaping traffic stop from her front yard Raw Story |
The case against a 28-year-old woman charged with obstructing governmental
administration after refusing a police officer’s order to leave her front yard
while she was videotaping a traffic stop has been dismissed.
The day in 2011 that will change your life (Stansberry) http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR
A World
Overwhelmed By Western Hypocrisy Paul Craig Roberts |
Western institutions have become caricatures of hypocrisy.
Ron
Paul On 2012: Establishment, Media Unable To Exclude Me This Time Around Steve
Watson | Texas Congressman Ron Paul feels much more optimistic about
his 2012 presidential run.
The
Bank Of America Non-Settlement “Settlement” Zero Hedge |
Some curious language in the BAC settlement.
Why your local Hospital could soon shut down (Stansberry
Newsletter) http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR
Pakistan
tells US to leave ‘drone’ attack base AFP | Pakistan tells
U.S. to leave a remote base reportedly used as a hub for covert CIA drone
attacks.
Obama
looks to big donors to fund early push The president and top aides are
waging a behind-the-scenes push to win over skeptical big-dollar donors, whose
cash is needed to finance dramatic summertime growth in his battleground-state
machinery. Earlier:
In trip to New York, a focus on Wall Street cash (Washington Post) [ I’m sure it comes as no revelation that the
time has come for a revamp of pervasively corrupt, defacto bankrupt america’s
‘election process / rules’ which have been so antithetical to the purported
democracy they’ve been meant to serve; but to the contrary, have literally in
terms of reality, contributed in large part to the decline and fall of this
nation. Indeed, the bribes have left criminals / frauds, ie., wall street,
etc., doing what they do best; viz., crime, fraud; along with the military / industrial
complex doing what they do best; viz., waging / contriving needless war,
depleting / plundering treasury, etc.. Pervasively corrupt, defacto bankrupt
america has never been more diminished in the eyes of this nation and the rest
of the world which view comports with factual reality. Moreover, some very
capable people have been precluded from participation in government owing to
what has become a ‘country club institution of incompetents / inmates running
this asylum aka the so called u.s. government’. In any event, wobama the b (for
b***s***) is done, a proven failed president as dumbya bush et als before him,
and the same would be just wasted cash in any event. Wobama’s pathetic!
JFK {Platoon
, Wall Street , Natural Born Killers , W. , Wall Street: Money Never Sleeps } [And yes; I also believe there’s been a coup d’etat in
pervasively corrupt, defacto bankrupt, banana republic america, gunboat
diplomacy, plundering the treasury, and all! ] [I saw ‘JFK’ for the first time today and must say, though
preoccupied at the time (1992) with other things (RICO and consequent
substantial pressure from various nefarious elements, mob, mob-connected /
controlled, corrupt government-state,local,federal, etc.. ) I was ‘hoodwinked’
by mainstream media critics who for the most’ ho-hummed’ the film as more of
the same conspiracy stuff the factual basis for which I was already familiar
with; and hence, disinclined to make any significant effort to view same. Boy,
were they and derivatively I wrong! I am totally astounded by the insightful
documentation in this film, so masterfully presented in cinematic form. If at
all, Stone seemed shy about presenting even reasonable inferences from facts so
strictly set forth. By leading with actual speech footage from who I believe to
have been america’s last great president / leader, the substantially underrated
President General Eisenhower who warned of the dangers inherent to the military
/ industrial complex, Stone set the tone for what I believe to have been the
most courageous and significant warning of the current national and global
crises confronting the nation and world today and the reasons therefore (his
negative exposés of wall street, inherent american criminality, W, etc.,
complement and support his theme while revealing his wide range, wisdom, and
talent). (I must say that I liked Ronald Reagan, as I’ve previously said I like
Robert Redford, as being very likeable guys - I’m also conservative, but not to
a fault – his rational approach and results with Gorbachev were his most
significant accomplishments. Parenthetically and coincidentally, I also saw for
the first time this same day, Reagan in ‘Bedtime for Bonzo’; and, I was shocked
that it was better than I could have possibly imagined and hardly the stuff
warranting the mocking he got for same on the political trail … do you think it
was just a foreboding of the nation’s current predicament with ‘wobama the b’
(for b***s***); and yes, I do have that ‘birther wobama family portrait’ on my
website front page http://albertpeia.com . In sum, the inherently criminal behaviors
of americans as depicted are all too real and an auspicious sign indicative of
corruption across the board and through all levels of u.s. government. In light
thereof, I’m compelled to wonder as previously set forth and infra, whether my
trust in and affinity for the FBI will have been ultimately proven to have been
contraindicated in fact and reality; and hence, as I ponder, a maladaptive
personal trait / flaw. Stated another way, should having then done the deal
with the mob for the money despite personal ethics and oath militating against
same have been the correct choice in pervasively corrupt america. It certainly
up to this point would have been the most expedient, efficacious, and adaptive
choice in pervasively corrupt, inherently criminal america. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
The purported leaders today; compromised, cowardly,
criminal puppets all, the story of pervasively corrupt, defacto bankrupt
america today.
Filmography - As Director
|
Year |
Film |
Academy Award Nominations |
Academy Award Wins |
Golden Globe Nominations |
Golden Globe Wins |
BAFTA Nominations |
BAFTA Wins |
|
1974 |
|
|
|
|
|
|
|
|
1981 |
|
|
|
|
|
|
|
|
1986 |
2 |
|
|
|
|
|
|
|
1986 |
8 |
4 |
4 |
3 |
3 |
2 |
|
|
1987 |
1 |
1 |
1 |
1 |
|
|
|
|
1988 |
|
|
|
|
|
|
|
|
1989 |
8 |
2 |
5 |
4 |
2 |
|
|
|
1991 |
|
|
|
|
|
|
|
|
1991 |
8 |
2 |
4 |
1 |
2 |
2 |
|
|
1993 |
|
|
1 |
1 |
|
|
|
|
1994 |
|
|
1 |
|
|
|
|
|
1995 |
4 |
|
1 |
|
1 |
|
|
|
1997 |
|
|
|
|
|
|
|
|
1999 |
|
|
|
|
|
|
|
|
2003 |
|
|
|
|
|
|
|
|
2004 |
|
|
|
|
|
|
|
|
2006 |
|
|
|
|
|
|
|
|
2008 |
|
|
|
|
|
|
|
|
2009 |
|
|
|
|
|
|
|
|
2010 |
|
|
1 |
|
|
|
|
|
2012 |
|
|
|
|
|
|
|
|
Total |
31 |
9 |
17 |
9 |
8 |
4 |
|
October 15, 2010 (*see
infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer
to prevent viral attacks / infection and are without threat). I also include 1
copy of the DVD as filed with the subject court as referenced therein (which
files are also included on the aforesaid 3 disks in a separate folder named
‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a
criminal statute which provides a civil remedy, including treble damages and
attorney fees, as an incentive for private prosecution of said claims probably
owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such
assistance given the seriousness and prevalence of said violations of law which
have a corrupting influence on the process, and which corruption is pervasive).
A grievance complaint against Coan was also filed concurrently with the subject
action and held in abeyance pending resolution of the action which was
illegally dismissed without any supporting law and in contravention of the
Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of
the Federal False Claims Act probably would
apply and I would absent resolution seek to refer the within to a firm with
expertise in that area of the law with which I am not familiar).
The
document in 5 pages under penalty of perjury I was asked to forward to the FBI
office in New Haven is probably the best and most concise summary of the
case RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm . With regard to the
calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA
office and I was referred to the Long Beach, CA office where I personally met
with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the
money laundering which he confirmed as indicative of same (he was transferred
from said office within approximately a month of said meeting and his location
was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron
Barndollar and we remained in touch for in excess of a decade until he abruptly
retired (our last conversation prior to his retirement related to the case and
parenthetically, Rudy Giuliani whose father I stated had been an enforcer for
the mob to which he registered disbelief and requested I prove it, which I did
– he served 12 years in prison, aggravated assault/manslaughter? – and no,
there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
- A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc..
- Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice
on Coan’s Failure to File Page 1 Page 2 ]
- Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
- Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
- Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there was
no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In addition to being
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. As much as I hate the mob, it truly was funny, if
not so tragic.], Alito is
also corrupt (and maybe corrupt because he is inept). After a reasonable
(but still rather short) time I called to determine the status and was
told that Alito was no longer with the Office of the U.S. Attorney, that
he was (appointed) a federal judge, and that neither the documents nor any
file or record of same could be located. Alito did parley the same /
cover-up into quid pro quo direct lifetime appointment to the Court of
Appeals, 3rd circuit, despite the absence of judicial
experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as
well). This is the same Sam Alito that now sits on the purported highest
court in the land. The real application of the illegal rule ‘don’t ask,
don’t tell’.
There
is applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert
L. Peia
611
E. 5th Street, #404
Los
Angeles, CA 90013
(213)
219-**** (cell phone)
(213)
622-3745 (listed land line but there are unresolved problems with the line,
computer connection may be the reason but I hesitate to chance greater
non-performance / worsening by their ‘fix’ so cell phone best for contact).
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. {Ultimately delivered by UPS} ]
FBI
trouble after Bulger’s capture? The
crime boss is said to have boasted of corrupting agents. If he talks, some
could live to regret it. (Washington Post) [ Wow! I knew the northeast
generally, jersey / new york particularly in terms of mob infestation / infiltration
/ control, and the unique status of virginia in terms of government (cia /
military, all three branches in support thereof) involvement in the illegal
drug trade, etc., connecticut and california derivatively thereby; but I’m now
wondering about the stonewalling across the board regarding the RICO matters [
I personally trust the FBI, and to be truthful, really have no choice but to do
so; moreover, I personally like the FBI … I hope that’s not been a mistake and
ultimately a personal flaw, respectively, since it is the liars (sic lawyers,
ie., in the DOJ, etc.) who’ve been invariably the corrupting, corrupt,
corruptible agents, including judicially and otherwise ]. : http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality http://albertpeia.com/grimreality.htm Mob
boss brought back to Boston; will he sing? DENISE LAVOIE BOSTON (AP) — James "Whitey"
Bulger's capture could cause a world of trouble inside the FBI.
Americans
spent even less in May (Washington
Post) [ Yeah … unless you work in or for the u.s. government, you’re
constrained by the fundamental precept that ‘you can’t spend what you don’t
have’; that is, of course, unless you’ve taken the various administrations’
encouragements to heart and like them, done exactly that, and to the nation’s
substantial detriment at that. Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert
Barone [ How ‘bout both! I mean, come on! This catering to
fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’
market froth was used previously by senile ‘maestro’ greenspan and failed
miserably except for the frauds on wall street who commissioned up and down;
and, make no mistake, those computer-programmed high-frequency trading volumes
have now been maximized for nation-economy-draining profits for the frauds like
never before and have never been higher. The QE and dollar-debasement policies
were always predictably inflationary, ultimately hyperinflationary,
particularly for stocks; that ‘feel good’ obfuscation that was but in reality
good only for the frauds on wall street. No, there is no modern day alchemy
that spins worthless paper into gold except fraudulently for the frauds on wall
street who’ve literally oftimes done exactly that; ‘cashing out’ for hard
currency and gold, precious metals, at everyone else’s expense including main
street. ] In his June 7 speech, Fed Chairman Ben Bernanke stated, “the
best way for the Federal Reserve to support the fundamental value of the dollar
in the medium term is to pursue our dual mandate of maximum employment and
price stability, and we will certainly do that.”
It is
instructive to take a look at the actual Federal Reserve goals, as well
Bernanke’s results in pursuing those goals.
Goals of
Monetary Policy
“The goals of
monetary policy are spelled out in the Federal Reserve Act, which specifies
that the Board of Governors and the Federal Open Market Committee should seek
‘to promote effectively the goals of maximum employment, stable prices, and
moderate long-term interest rates’. Stable prices in the long run are a
precondition for maximum sustainable output growth and employment as well as
moderate long-term interest rates.
When prices
are stable and believed likely to remain so, the prices of goods, services,
materials, and labor are undistorted by inflation and serve as clearer signals
and guides to the efficient allocation of resources and thus contribute to
higher standards of living. Moreover, stable prices foster saving and capital
formation, because when the risk of erosion of asset values resulting from
inflation—and the need to guard against such losses—are minimized, households
are encouraged to save more and businesses are encouraged to invest more.”
Let’s look at
the results of Bernanke’s economic “fine tuning” (using data from the St. Louis
Fed’s database, starting in February, 2006, through April 2011), and see if he
has successfully pursued this mandate.
Definition
of STABLE (from the Mirriam-Webster dictionary)
a : firmly established :
fixed, steadfast <stable
opinions>
b : not changing or fluctuating :
unvarying
<in stable condition>
c : permanent, enduring <stable
civilizations>
Stable
Prices?
Stable prices
are one of the Fed’s primary mandates. In the table below, take a look at
what has happened to the prices of items in a typical U.S. consumer’s budget
since Ben took the reins:
Feb ’06 –
April ’11
|
Items in a Typical Budget |
% Change |
|
Food and Beverages |
16.54% |
|
Water and sewer and trash collection services |
31.88% |
|
Rent of primary residence |
13.82% |
|
Housing |
8.68% |
|
Fuels and Utilities |
11.93% |
|
Apparel |
4.83% |
|
Medical Care |
20.11% |
|
Gasoline (all types) |
65.12% |
|
Transportation |
23.36% |
|
Tuition, other school fees, and childcare |
29.28% |
|
Recreation |
2.87% |
It is easy to
play with the weightings of the above prices, and see how individual budgets
would be impacted. Regardless of the method used to look at prices, it is
clear that Bernanke has not been successful at maintaining price stability
since taking over as Fed Chairman. Mandate not accomplished.
Maximum
or Full Employment
Finding a
strict definition of maximum employment is impossible. Many economist
give different estimates, ranging from 2%-7%. The standard unemployment
rate most often used by the Fed is currently at 9.1%, up 90% since Bernanke
started. The more inclusive (realistic) U6 number stands at 15.8%, up 75%
in the same period. The Civilian Participation Rate has declined 2.87% to
64.2%.
This is the
lowest level the U.S. has seen since March, 1984. The decline amounts to
8,946,844 fewer Americans in the labor force. Had they not dropped out
because of a lack of jobs, the “official” unemployment rate would be
significantly higher. While we can debate the meaning of the term maximum
employment, it is clear that the jobs data has deteriorated considerably since
Bernanke took the reins at the Fed. Mandate not accomplished.
Moderate
Interest Rates
While not
stated in Bernanke’s recent address, the Fed’s website also posts “moderate
interest rates” as a stated goal. While we cannot definitively say what
constitutes “moderate”, we do know that both short and long-term interest rates
are near all time lows. It is safe to assume that near record low rates
are not “moderate”. Further, when interest rates are artificially
held below the rate of economic growth,” financial repression” is occurring.
Many bright folks have commented on how the zero interest rate policy (ZIRP) is
destructive to savers and misallocates resources. It is safe to say that
this mandate has not been accomplished.
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
We will leave
it up to our readers to make their own conclusions.
Matt Marcewicz
& Robert Barone, Ph.D.
Matthew
Marcewicz and Robert Barone are investment advisor representatives with Ancora
West Advisors LLC, Reno, Nev. ‘
Inflation Expectations Are Heating Up
Market
Crash 6/30/11?Technical indicators suggest market collapse may begin by June
30th Dennis Slothower is one of the world’s leading technical analysts. He’s
one of the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th– so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com
Economy in Danger of Full Stall
Wall St up again on Greece, but investors skittish - NEW YORK (Reuters) - U.S. stocks rose for a
second day on Tuesday on optimism that a solution to Greece's debt crisis was
near, although low volume indicated underlying nervousness in the market.
Technicals Knew what Bernanke Didn't: Stocks will Tank! But How
Much?
Greece
Puts on the Red Light, Sells its Assets to the Night at Minyanville
Moody's
Cuts Connecticut Outlook To Negative at Forbes Halah Touryalai
‘ Is Meredith
Whitney’s “I told you so” moment approaching?
Moody’s just lowered Connecticut’s general obligation
rating to negative from stable citing among other things “depleted reserves
with slim prospects for near-term replenishment.”
From Moody’s:
The state has approximately $14 billion in outstanding
general obligation bonds…The negative outlook reflects Connecticut’s depleted
reserves with slim prospects for near-term replenishment; pension funded ratios
that are among the lowest in the country and likely to remain well below
average; and high combined fixed costs for debt service and post employment
benefits relative to the state’s budget. In the absence of a clearly
articulated plan to achieve meaningful improvement in the state’s pension
funded ratios and reduce its fixed costs, as well as progress toward adequate
reserve levels, Connecticut’s rating could be downgraded.
The news comes just a day after it was revealed that
its tri-state neighbor New Jersey is seeking a $2.25 billion bridge loan from JPMorgan Chase. The Garden State has decided to take a bank
loan instead of issuing bonds because the later would require more time to
raise the necessary amount of cash to pay its bills.
Whitney, the analyst who has been sharply criticized
for her prediction of widespread municipal defaults this year, was on CNBC this morning discussing the bridge
loan. From the interview:
“I wouldn’t read too much into this one financing. It
could be business as usual. That’s not the issue,” Whitney said in a live
interview. “New Jersey’s fiscal woes are far bigger than them accessing a line
of credit or a new loan.”
Rather, she said these types of moves will be mere
warning shots as states approve their spending plans for the fiscal year
ahead—running from July 1 to June 30—and balance those budgets by cutting local
aid.
“That’s what’s really going to hurt. So the pain of
the states is just upon us,” said Whitney, famous for her warning about Citigroup‘s exposure to subprime loans back in 2007, a call
that would foretell the ensuing financial crisis. “What you’ll see now is as
the states are submitting final budgets, you’ll see the real pain at the
municipal level start happening July 1. That will intensify and that’s where
you’ll see the fallout.”
Whitney said last year that she expects hundreds of
billions in defaults on municipal bonds in the next five years.’
Meredith Whitney: GIRD YOUR LOINS ‘New Jersey’s move to take
out a short-term $2.25 billion loan to pay its bills is symbolic of how
difficult state and municipal financing will be in the year ahead, analyst
Meredith Whitney told CNBC Tuesday…she said these types of moves will be mere
warning shots as states approve their spending plans for the fiscal year
ahead—running from July 1 to June 30—and balance those budgets by cutting local
aid. “That’s what’s really going to hurt. So the pain of the states is just
upon us,” said Whitney. “What you’ll see now is as the states are submitting
final budgets, you’ll see the real pain at the municipal level start happening
July 1. That will intensify and that’s where you’ll see the
fallout.”"That’s what’s really going to hurt. So the pain of the states is
just upon us,” said Whitney. “What you’ll see now is as the states are
submitting final budgets, you’ll see the real pain at the municipal level start
happening July 1. That will intensify and that’s where you’ll see the fallout.” [CNBC]’
Metro home prices hit lowest level since
1993 Home prices in metro Detroit fell at an annual rate of 7.5%
through April, to a level not seen since June 1993, according to the Standard
& Poor's/Case-Shiller home-price index for April released Tuesday.
Meet The
IMF’s New Leader, Christine Lagarde NPR | France’s finance
minister secured the top job at the IMF.
Can The Fed
Stop Quantitative Easing? Paul Craig Roberts | If the Fed
stops QE, confidence in the US dollar would rise.
Ron
Paul Reality Check: Should America Sell Fort Knox’s Gold? Should the U.S.
sell off its gold reserves to pay down debt? That’s the latest idea being
tossed around by gold bug Ron Paul.
Can The Fed
Stop Quantitative Easing? If the Fed stops QE, confidence in the US dollar
would rise. Money would flow into US investments, both supporting the US stock
market and helping to finance the large US budget deficit. Gold and silver
prices would decline.
Dollar seen
losing global reserve status The US dollar will lose its status as the
global reserve currency over the next 25 years, according to a survey of
central bank reserve managers who collectively control more than $8,000bn.
Welcome
To The Recession: Manufacturing Surveys Imply US Economy Has Entered The Second
Month Of A (Re)Recession There may be those among the less than brainwashed
lemmingerati out there who have noticed what, as we have pointed out for the
past month when reporting on the various manufacturing and regional Fed
indices, has been an epic collapse in the appropriate data series.
National / World
Banging
the Drums of War: Iran and the Neo-cons Robert Bonomo |
All the usual suspects that hyped a war in Iraq which was started on false
precepts and lies.
Alex Jones Calls Citizens’ Filibuster Against Texas TSA
Sham TheAlexJonesChannel | This video highlights
what Alex calls a ‘citizen’s filibuster’ rebuffing the TSA bill deception.
Calls For TSA Chief’s Head As Agency Now Denies It Forced
Removal Of Adult Diaper Steve Watson | Keith
Olbermann wades in on diaper controversy.
Alex Jones Exposes International Criminal Court RT
| Radio host Alex Jones calls it another example of a globalist New World Order
hypocrisy.
Fukushima in Nebraska? Raging Flood Waters Threaten
Nuclear Catastrophe Kurt Nimmo | Upstream dams may
burst and overwhelm nuclear fuel rod storage site.
Cancer Surges In Body Scanner Operators; TSA Launches
Cover-Up Paul Joseph Watson | FOIA documents reveal
how “large number of workers have been falling victim to cancer, strokes and
heart disease”.
Greek PM: Austerity is Patriotic Duty Kurt
Nimmo | Three quarters of Greeks oppose tax rises, spending cuts,
globalist privatization, and the selling off of national treasures.
Final Senate Version of TSA Bill Authorizes Invasive
Groping Paul Joseph Watson | TSA agents could meet
“reasonable suspicion” mandate if travelers set off metal detector or refuse
naked body scan.
House Passes Watered Down TSA Groping Bill The
Alex Jones Channel | Alex Jones updates viewers with an emergency report
on the latest developments with the Texas TSA groping bill.
Pragmatism
may define Gates’s legacy Defense secretary may not be remembered for any
grand ideas but for his stewardship of two wars. (Washington Post) [ What?
What’s this? What parallel universe is this that talks of gates’ pragmatism.
Legacy? What legacy? More contrived, needless war? More defacto bankruptcy and
depletion of treasury for this and other nations? For those who think there’s strategic thinking behind these
global blunders I say ‘wake up’ … look around you … smell the dead roses! Not that panetta is any better having turned
this nation into but a piñata much like the failed predispositions which have
brought down his home state (pelosi’s, feinstein’s anyone?). Unless measured in
terms of increased heroin trade in Afghanistan, an increased cia / Hegelian
approach to global matters leading ineluctably to new self-created needs for
actions to dispel the ever increasing new problems resulting from their
misguided acts, his tenure must be considered as much a failure as the failed
presidents he’s served so dutifully; and, expect worse from piñata-man panetta.
Like a psychotic serial arsonist employed in a fire department, creating the
very devastating fires they’re called upon to put out, these appointees are
lose – lose scenarios for everyone.
House
rejects Obama’s Libya policy Lawmakers vote down a measure that would
authorize mission, but stop short of cutting funding. (Washington Post) [ Ah,
riiiiight! The worst of both worlds. ‘Cutting the baby in half’ probably their
most politically expedient solution to appeasing their respective ‘support
groups’. Though not the kind of group therapy support groups that immediately
come to mind, one laments the various elements of the pervasively corrupt u.s.
government are not receiving the kind of psychotherapy they need by way of
group therapy or otherwise. Speaking of
spending cuts, here’s one they ‘dare not do’:
House
votes down SEC budget hike Agency has been seeking a budget increase to
keep pace with its expanded responsibilities. (Washington Post) [ No surprise
here given the prior and continuing defacto complicity in wall street’s
enormous frauds. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the policies
that helped get us here in the first place’
‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) … I want just one person with
courage enough to stand up and explain to all that these huge commissionable
computerized trading volumes like never before are a net negative in a very big
way … that’s a fact … that’s economic reality in real terms! … Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants
and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Kick
the can (Washington Post) [ I totally agree with Mr. Robinson; namely, they
all need a kick in the can … you know, that ‘washington establishment’ that
have failed all so miserably. Well, I know that’s not what he really meant.
But, ‘do no harm’? Methinks it’s too little, too late no matter what they do to
avoid that! Market Crash 6/30/11?Technical indicators suggest market collapse may
begin by June 30th Dennis Slothower is one of the world’s leading technical
analysts. He’s one of the few advisors whose readers completely avoided ALL
losses during the disaster that was 2008. And now he’s issuing another dire
warning. His technical indicators suggest that the market manipulation we’ve
seen over the last several months is about to come to an end…and that means
thousands of investors are about to get clobbered. This correction could begin
as soon as June 30th– so it’s important that
you take action now to prepare yourself. StealthStocksOnline.com
JFK {Platoon
, Wall Street , Natural Born Killers , W. , Wall Street: Money Never Sleeps } [And yes; I also believe there’s been a coup d’etat in
pervasively corrupt, defacto bankrupt, banana republic america, gunboat
diplomacy, plundering the treasury, and all! ] [I saw ‘JFK’ for the first time today and must say, though
preoccupied at the time (1992) with other things (RICO and consequent
substantial pressure from various nefarious elements, mob, mob-connected /
controlled, corrupt government-state,local,federal, etc.. ) I was ‘hoodwinked’
by mainstream media critics who for the most’ ho-hummed’ the film as more of
the same conspiracy stuff the factual basis for which I was already familiar
with; and hence, disinclined to make any significant effort to view same. Boy,
were they and derivatively I wrong! I am totally astounded by the insightful
documentation in this film, so masterfully presented in cinematic form. If at
all, Stone seemed shy about presenting even reasonable inferences from facts so
strictly set forth. By leading with actual speech footage from who I believe to
have been america’s last great president / leader, the substantially underrated
President General Eisenhower who warned of the dangers inherent to the military
/ industrial complex, Stone set the tone for what I believe to have been the
most courageous and significant warning of the current national and global
crises confronting the nation and world today and the reasons therefore (his
negative exposés of wall street, inherent american criminality, W, etc.,
complement and support his theme while revealing his wide range, wisdom, and
talent). (I must say that I liked Ronald Reagan, as I’ve previously said I like
Robert Redford, as being very likeable guys - I’m also conservative, but not to
a fault – his rational approach and results with Gorbachev were his most
significant accomplishments. Parenthetically and coincidentally, I also saw for
the first time this same day, Reagan in ‘Bedtime for Bonzo’; and, I was shocked
that it was better than I could have possibly imagined and hardly the stuff
warranting the mocking he got for same on the political trail … do you think it
was just a foreboding of the nation’s current predicament with ‘wobama the b’
(for b***s***); and yes, I do have that ‘birther wobama family portrait’ on my
website front page http://albertpeia.com . In sum, the inherently criminal behaviors
of americans as depicted are all too real and an auspicious sign indicative of
corruption across the board and through all levels of u.s. government. In light
thereof, I’m compelled to wonder as previously set forth and infra, whether my
trust in and affinity for the FBI will have been ultimately proven to have been
contraindicated in fact and reality; and hence, as I ponder, a maladaptive
personal trait / flaw. Stated another way, should having then done the deal
with the mob for the money despite personal ethics and oath militating against
same have been the correct choice in pervasively corrupt america. It certainly
up to this point would have been the most expedient, efficacious, and adaptive
choice in pervasively corrupt, inherently criminal america. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
The purported leaders today; compromised, cowardly,
criminal puppets all, the story of pervasively corrupt, defacto bankrupt
america today.
Filmography - As Director
|
Year |
Film |
Academy Award Nominations |
Academy Award Wins |
Golden Globe Nominations |
Golden Globe Wins |
BAFTA Nominations |
BAFTA Wins |
|
1974 |
|
|
|
|
|
|
|
|
1981 |
|
|
|
|
|
|
|
|
1986 |
2 |
|
|
|
|
|
|
|
1986 |
8 |
4 |
4 |
3 |
3 |
2 |
|
|
1987 |
1 |
1 |
1 |
1 |
|
|
|
|
1988 |
|
|
|
|
|
|
|
|
1989 |
8 |
2 |
5 |
4 |
2 |
|
|
|
1991 |
|
|
|
|
|
|
|
|
1991 |
8 |
2 |
4 |
1 |
2 |
2 |
|
|
1993 |
|
|
1 |
1 |
|
|
|
|
1994 |
|
|
1 |
|
|
|
|
|
1995 |
4 |
|
1 |
|
1 |
|
|
|
1997 |
|
|
|
|
|
|
|
|
1999 |
|
|
|
|
|
|
|
|
2003 |
|
|
|
|
|
|
|
|
2004 |
|
|
|
|
|
|
|
|
2006 |
|
|
|
|
|
|
|
|
2008 |
|
|
|
|
|
|
|
|
2009 |
|
|
|
|
|
|
|
|
2010 |
|
|
1 |
|
|
|
|
|
2012 |
|
|
|
|
|
|
|
|
Total |
31 |
9 |
17 |
9 |
8 |
4 |
|
October 15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of
the Federal False Claims Act probably would
apply and I would absent resolution seek to refer the within to a firm with
expertise in that area of the law with which I am not familiar).
The
document in 5 pages under penalty of perjury I was asked to forward to the FBI
office in New Haven is probably the best and most concise summary of the
case RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm . With regard to the
calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA
office and I was referred to the Long Beach, CA office where I personally met
with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the
money laundering which he confirmed as indicative of same (he was transferred
from said office within approximately a month of said meeting and his location
was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron
Barndollar and we remained in touch for in excess of a decade until he abruptly
retired (our last conversation prior to his retirement related to the case and
parenthetically, Rudy Giuliani whose father I stated had been an enforcer for
the mob to which he registered disbelief and requested I prove it, which I did
– he served 12 years in prison, aggravated assault/manslaughter? – and no,
there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
- A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc..
- Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice
on Coan’s Failure to File Page 1 Page 2 ]
- Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
- Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
- Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In addition to being
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. As much as I hate the mob, it truly was funny, if
not so tragic.], Alito is
also corrupt (and maybe corrupt because he is inept). After a reasonable
(but still rather short) time I called to determine the status and was
told that Alito was no longer with the Office of the U.S. Attorney, that
he was (appointed) a federal judge, and that neither the documents nor any
file or record of same could be located. Alito did parley the same /
cover-up into quid pro quo direct lifetime appointment to the Court of
Appeals, 3rd circuit, despite the absence of judicial
experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as
well). This is the same Sam Alito that now sits on the purported highest
court in the land. The real application of the illegal rule ‘don’t ask,
don’t tell’.
There
is applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert
L. Peia
611
E. 5th Street, #404
Los
Angeles, CA 90013
(213)
219-**** (cell phone)
(213)
622-3745 (listed land line but there are unresolved problems with the line,
computer connection may be the reason but I hesitate to chance greater
non-performance / worsening by their ‘fix’ so cell phone best for contact).
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
FBI
trouble after Bulger’s capture? The
crime boss is said to have boasted of corrupting agents. If he talks, some
could live to regret it. (Washington Post) [ Wow! I knew the northeast
generally, jersey / new york particularly in terms of mob infestation /
infiltration / control, and the unique status of virginia in terms of
government (cia / military, all three branches in support thereof) involvement
in the illegal drug trade, etc., connecticut and california derivatively
thereby; but I’m now wondering about the stonewalling across the board
regarding the RICO matters [ I personally trust the FBI, and to be truthful,
really have no choice but to do so; moreover, I personally like the FBI … I
hope that’s not been a mistake and ultimately a personal flaw, respectively,
since it is the liars (sic lawyers, ie., in the DOJ, etc.) who’ve been
invariably the corrupting, corrupt, corruptible agents, including judicially
and otherwise ]. : http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world combined...
fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are
included in this evolved american trait of inherent criminality UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality http://albertpeia.com/grimreality.htm Mob
boss brought back to Boston; will he sing? DENISE LAVOIE BOSTON (AP) — James "Whitey"
Bulger's capture could cause a world of trouble inside the FBI.
The
ruthless Boston crime boss who spent 16 years on the lam is said to have
boasted that he corrupted six FBI agents and more than 20 police officers. If
he decides to talk, some of them could rue the day he was caught.
"They
are holding their breath, wondering what he could say," said Robert
Fitzpatrick, the former second-in-command of the Boston FBI office.
The
81-year-old gangster was captured Wednesday in Santa Monica, Calif., where he
apparently had been living for most of the time he was a fugitive. He appeared
Friday afternoon inside a heavily guarded federal courthouse in Boston to
answer for his role in 19 murders.
Bulger,
wearing jeans and a white shirt, looked tan and fit and walked with a slight
hunch at back-to-back hearings on two indictments. He asked that a public
defender be appointed to represent him, but the government objected, citing the
$800,000 seized from his Southern California apartment and his "family
resources."
"We
think he has access to more cash," said prosecutor Brian Kelly.
At
the second hearing, Bulger took a swipe at prosecutors after Magistrate Judge
Marianne Bowler asked him if he could afford to pay for an attorney.
"Well,
I could, if they would give me my money back," he replied in his
unmistakable Boston accent, prompting laughter in the courtroom.
Kelly
implied that Bulger's cash came from illegal activities.
"He
clearly didn't make that on a paper route on Santa Monica Boulevard," he
said.
Prosecutors
asked that Bulger be held without bail, saying he is danger to the community
and may try to threaten witnesses.
"He's
also, quite obviously, a risk of flight," Kelly said.
Kelly
also said Catherine Greig, Bulger's longtime girlfriend who was arrested with
him, told court officials that Bulger's brother may be willing to assist him in
posting bail.
Bulger
did not ask for a detention hearing, but his lawyer said he may later make an
argument that Bulger should be released on bail while awaiting trial.
The
amount of money found in Bulger's apartment confirmed a longheld belief by
investigators that he kept large stashes of cash for a life on the run.
"We
clearly don't think this is his last stash," Kelly said.
When
Bulger walked into the courtroom, he saw his brother William, the former
powerful leader of the state Senate, seated in the second row. Whitey Bulger
smiled at him and mouthed, "Hi." His brother smiled back.
Greig
appeared in court a few minutes later on charges of harboring a fugitive. She
asked for a hearing to determine whether she can be released on bail, and one
was scheduled for next week.
Bulger,
the former boss of the Winter Hill Gang, Boston's Irish mob, embroiled the FBI
in scandal after he disappeared in 1995. It turned out that Bulger had been an
FBI informant for two decades, feeding the bureau information on the rival New
England Mafia, and that he fled after a retired Boston FBI agent tipped him off
that he was about to be indicted.
The
retired agent, John Connolly Jr., was sent to prison for protecting Bulger. The
FBI depicted Connolly as a rogue agent, but Bulger associates described more
widespread corruption in testimony at Connolly's trial and in lawsuits filed by
the families of people allegedly killed by Bulger and his gang.
Kevin
Weeks, Bulger's right-hand man, said the crime lord stuffed envelopes with cash
for law enforcement officers at holiday time. "He used to say that
Christmas was for cops and kids," Weeks testified.
After
a series of hearings in the late 1990s, U.S. District Judge Mark Wolf found
that more than a dozen FBI agents had broken the law or violated FBI
regulations.
Among
them was Connolly's former supervisor, John Morris, who admitted he took about
$7,000 in bribes and a case of expensive wine from Bulger and henchman Stephen
"The Rifleman" Flemmi. Morris testified under a grant of immunity.
In
addition, Richard Schneiderhan, a former Massachusetts state police lieutenant,
was convicted of obstruction of justice and conspiracy for warning a Bulger
associate that the FBI had wiretapped the phones of Bulger's brothers.
Edward
J. MacKenzie Jr., a former drug dealer and enforcer for Bulger, predicted that
Bulger will disclose new details about FBI corruption and how agents protected
him for so long.
"Whitey
was no fool. He knew he would get caught. I think he'll have more fun pulling
all those skeletons out of the closet," MacKenzie said. "I think
he'll start talking and he'll start taking people down."
A
spokesman for the Boston FBI did not return calls seeking comment. In the past,
the agency has said that a new generation of agents has replaced most or all of
the agents who worked in the Boston office while Bulger was an informant.
A
law enforcement official who requested anonymity because of the ongoing
investigation told The Associated Press on Friday that FBI agents lured Bulger out
of his., apartment earlier this week by telling him someone had broken into his
on-site storage unit. The official said Bulger walked out of the apartment, was
arrested without incident and consented to a search of the premises.
Some
law enforcement officials said they doubt Bulger will try to cut a deal with
prosecutors by exposing corruption, in part because he will almost certainly be
asked to reveal what contact he had with his brothers while he was a fugitive
and whether they helped him in any way.
"If
Bulger talks, he would have to talk about his brothers, and I can't see that
happening, said retired state police Detective Lt. Bob Long, who investigated
Bulger in the 1970s and '80s."They are not going to take selective
information from him — it's either full and complete cooperation or
nothing."
Criminal
defense attorney and former Drug Enforcement Administration agent Raymond
Mansolillo said Bulger may not have any incentive to talk. "The FBI may
say, 'You're going to jail or you're going to be killed. We're not offering you
anything,'" said Mansolillo, who once represented New England crime figure
Luigi "Baby Shacks" Manocchio.
But
retired Massachusetts state police Maj. Tom Duffy, one of the lead
investigators in the Bulger case, said Bulger may agree to talk if he thinks it
could help his girlfriend.
"It's
very possible he's concerned about her well-being — she was with him for 16
years and was very loyal to him," Duffy said. "That may be a
bargaining chip for the government during negotiations."
The
question of whether Bulger will be given a public defender will be decided
later. A hearing was scheduled for Tuesday. He did not enter a plea.
Bulger
is "looking forward to facing the charges against him," said Peter
Krupp, a lawyer assigned to represent Bulger for purposes of Friday's hearing
only.
Among
the onlookers at the courthouse was Margaret Chaberek, who grew up in Bulger's
home turf of South Boston. "I'm here to see him get what he
deserves," she said.
Ina
Corcoran of suburban Braintree came on her day off to witness a piece of
history and sat on a bench outside the fifth-floor courtroom, saying it was
like being there to see Al Capone.
"If
you could go back in time to be in that courtroom, wouldn't you?" she
said.
___
Associated
Press writers Johanna Kaiser, Laura Crimaldi in Providence, R.I., Curt Anderson
in Miami and Greg Risling in Los Angeles contributed to this report.’
Trail
to bin Laden began with phone call (Washington Post) [ It’s truly difficult
not to like Mr. Woodward or not to receive well anything he reports on. After
all, having been played on the big screen by extremely likeable Robert Redford,
I’m constrained to say I myself am predisposed to liking Mr. Woodward
(Hoffman/Bernstein – not so much) and being thusly more receptive to what he
has to say (that ‘transfer aspect’ of ‘propaganda’ which I was fortunate to
have studied in sixth grade, the advanced reading group, courtesy of James
Bresnahan, undoubtedly the best teacher I’ve ever had, grade for grade – he
treated young people as more than just kids, with exposure to the great
classics, classical music, slides and insights from his wide-ranging world
travels, etc.). This is not to say Mr. Woodward should in any way be diminished
inasmuch as his substantial journalistic credentials and contributions speak
for themselves (particularly his recent piece, at great peril I believe, on the
ubiquity of high level security clearances in the Washington metro area).
Moreover, his contributions are invariably a welcomed positive for the great
paper, The Washington Post. Yet, Mr. Woodward was a ‘navy man’, after all; and,
I can’t help but think, with all the scripted, staged hoopla surrounding the
Bin Laden affair, his ‘gorge rises at it’. Indeed, 911 itself; that ‘pearl
harbor event’ so sought by the neo-cons / war mongerers still defies
explanation (ie., the ‘stand-down order’, symmetrical implosions, foreknowledge
by some {who conveniently ‘missed the party’ that day}, etc.. Some links,
echoing the unbelief akin to the ‘Jessica Lynch’, Tillman, etc., affairs follow. Additionally, people
must remain attuned to the reality that though
having but 5% of the world’s population, america can boast 76% of the world’s
serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto
bankrupt, fraudulent america also spends more on military spending than all the
nations of the world combined... federal employees / contractors, cia, all 3
branches of the u.s. government, etc., are included in this evolved american
trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ], and the highest crime
rates in the world by far. That perverse field of dreams I’ve previously
alluded to, the american nightmare, if you build / contrive war, they will
come. And, they do; seals of them (among others); and when their ‘tours’ are
done, it’s murder inc./contract killing for hire that they’ve won (cia, mob,
etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred
to as the american century, brings longings of nostalgia to american criminals
who, like Pavlov’s dogs salivate at the
prospect of killing, raping, pillaging,
and plundering which primitive mindset they have mistakenly been conditioned to
connect to their now irretrievably lost success as a nation state, and to the
contrary, has become globally and domestically self-destructive /
self-defeating. In so short a period of time, it is unlikely that Mr. Woodward
could do an incisive investigative piece as he’s become famed for; nor could he
reasonably be expected to have done so given the ‘breaking nature’ of the
story. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and
reeks of political desperation and Orwellian opportunism. Uncharacteristically,
and somewhat disingenuously, I’m not going to read Mr. Woodward’s article so
that I can continue to like Bob Woodward Redford.]
President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest
market collapse may begin by June 30th Dennis Slothower is one of the world’s
leading technical analysts. He’s one of the few advisors whose readers
completely avoided ALL losses during the disaster that was 2008. And now he’s
issuing another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as June 30th– so
it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [
Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds
like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final
say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T;
you know, ‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for nation-economy-draining
profits for the frauds like never before and have never been higher. The QE and
dollar-debasement policies were always predictably inflationary, ultimately
hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that
was but in reality good only for the frauds on wall street. No, there is no
modern day alchemy that spins worthless paper into gold except fraudulently for
the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing
out’ for hard currency and gold, precious metals, at everyone else’s expense
including main street. ] In his June 7 speech, Fed Chairman Ben Bernanke stated, “the best way
for the Federal Reserve to support the fundamental value of the dollar in the
medium term is to pursue our dual mandate of maximum employment and price
stability, and we will certainly do that.”
It is
instructive to take a look at the actual Federal Reserve goals, as well
Bernanke’s results in pursuing those goals.
Goals of
Monetary Policy
“The goals of
monetary policy are spelled out in the Federal Reserve Act, which specifies
that the Board of Governors and the Federal Open Market Committee should seek
‘to promote effectively the goals of maximum employment, stable prices, and
moderate long-term interest rates’. Stable prices in the long run are a
precondition for maximum sustainable output growth and employment as well as
moderate long-term interest rates.
When prices
are stable and believed likely to remain so, the prices of goods, services,
materials, and labor are undistorted by inflation and serve as clearer signals
and guides to the efficient allocation of resources and thus contribute to
higher standards of living. Moreover, stable prices foster saving and capital
formation, because when the risk of erosion of asset values resulting from
inflation—and the need to guard against such losses—are minimized, households
are encouraged to save more and businesses are encouraged to invest more.”
Let’s look at
the results of Bernanke’s economic “fine tuning” (using data from the St. Louis
Fed’s database, starting in February, 2006, through April 2011), and see if he
has successfully pursued this mandate.
Definition
of STABLE (from
the Mirriam-Webster dictionary)
a :
firmly established : fixed, steadfast <stable opinions>
b :
not changing or fluctuating : unvarying <in
stable condition>
c :
permanent, enduring <stable civilizations>
Stable
Prices?
Stable prices
are one of the Fed’s primary mandates. In the table below, take a look at
what has happened to the prices of items in a typical U.S. consumer’s budget
since Ben took the reins:
Feb ’06 –
April ’11
|
Items in a Typical Budget |
% Change |
|
Food and Beverages |
16.54% |
|
Water and sewer and trash collection services |
31.88% |
|
Rent of primary residence |
13.82% |
|
Housing |
8.68% |
|
Fuels and Utilities |
11.93% |
|
Apparel |
4.83% |
|
Medical Care |
20.11% |
|
Gasoline (all types) |
65.12% |
|
Transportation |
23.36% |
|
Tuition, other school fees, and childcare |
29.28% |
|
Recreation |
2.87% |
…’
Greece:
Possibility of a Military Coup?
cryptogon | “… You could see a military coup. We’re talking controlled
order here and it has happened before in ‘74.”
Market
Crash 6/30/11?Technical indicators suggest market collapse may begin by June
30th Dennis Slothower is one of the world’s leading technical analysts. He’s
one of the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th– so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com http://www.stealthstocksonline.com/index.aspx?
Record-High
36% of Americans Lack Confidence in Banks Thirty-six percent of Americans
have “very little” or “no” confidence in U.S. banks — up from 30% last year and
the highest on record.
The State Of The Economy The
U.S. economy is like a rubber band that is being pulled in several different
directions at the same time. Everyone knows that at some point it is going to
snap, but nobody is quite sure exactly when it is going to happen.
Nigel
Farage Holds Funeral Procession For Euro In The Middle Of Brussels The
world’s premier euroskeptic, Nigel Farage, just held a funeral procession for
the Euro after Europe now has just 10 days left in which to save its battered
currency.
RIP
Euro, 1999-2011: Poisoned chalice for Greeks amid rage & anger The Euro
is dead and buried…. quite literally according to sceptics, who’ve held a mock
funeral for the ailing single currency in Brussels.
Cracks beneath the facade
Phil’s Favorites | Repercussions from a Greek default become
more significant when considering leverage and derivatives.
Greek rebel
lawmakers may block austerity Reuters | Conservative
opposition rejected on Sunday appeals from the government and senior European
Union politicians to do its duty and support the medium-term plan.
Spain’s
‘indignant’ launch new protest march AFP | Spain’s
“indignant” activists began their last and longest protest march on Saturday.
Max
Keiser And Sandeep Jaitly Explain Why Modern Economics Is “Rubbish” The
below attached interview between Max Keiser and Sandeep Jaitly provides a 3
minute, must watch glimpse into the basis of Austrian economics.
Silver-Coin
Sales Booming at Perth Mint Silver-coin sales from Australia’s Perth Mint,
which was founded in 1899 and processes all of the country’s bullion, have surged
to a record as buyers seek to protect their wealth with the metal known as poor
man’s gold.
Record-High
36% of Americans Lack Confidence in Banks Thirty-six percent of Americans
have “very little” or “no” confidence in U.S. banks — up from 30% last year and
the highest on record.
The State Of The Economy The
U.S. economy is like a rubber band that is being pulled in several different
directions at the same time. Everyone knows that at some point it is going to
snap, but nobody is quite sure exactly when it is going to happen.
Regulators shut small Georgia bank; 48th in 2011
Stocks
Cut Losses On Greek Deal Pipe Dream at Forbes Steve Schaefer ‘A
Reuters report
Thursday afternoon said Greece has reached a deal with the European Union and
the International Monetary Fund on a new five-year austerity program, helping
Wall Street shed the bulk of its heavy losses Thursday afternoon, even though
such an agreement means little in the face of contentious debate within the
Greek government.
While a deal
with the EU and IMF on austerity clears the path for Greece to continue
receiving the bailout loans that are allowing it to meet its funding needs,
there is still a huge hurdle to clear in getting the deal through Greece’s
Parliament, no small task. After all, in just the past week Greek Prime
Minister George Papandreou has had to reorganize
his cabinet and face a confidence vote (which
he survived).
(Update: Reuters reports
that Papandreou has his doubts about whether the draft legislation will pass
muster and opposition leader Antonis Samaras has maintained his refusal to
bless the plan.)
Thursday
morning, Barclays Capital head of research Larry Kantor said he expects an
eventual Greek restructuring in 2012. In the near-term, BarCap figures enough
will be done to kick the can down the road and allow for some recapitalization
of the European banking system. That of course depends on some austerity being
passed, which Kantor said “is far from assured, though we think it will
happen.” And even once such a package is passed it only buys time. Actually
fixing the fiscal condition of Greece is not something that can be solved in a
matter of weeks, or even months.
Thursday
afternoon’s report may just be the latest noise on the inexorable path toward
restructuring – after all, we have been talking about Greek debt for more than
a year at this point and have yet to see anything resembling a long-term
solution (See “Why
Euro Debt Matters”) – but that didn’t stop investors to take the
opportunity to snap up battered stocks that had been languishing for much of
the session.
By the close
the major indexes were well off their lows, with the Nasdaq popping into
positive territory, up 18 points to 2,687, the Dow Jones industrial average
down just 60 points at 12,050 and the S&P 500 off 4 points at 1,284.
Earlier, the Dow had lost more than 200 points.
Thursday’s
earlier slide was driven in part by the Obama Administration’s decision to tap
the U.S. Strategic Petroleum Reserve for some 30 million barrels of crude oil,
as part of a move by the International Energy Administration to stem the impact
of the production lost from Libya this year. That move hindered energy stocks,
with Exxon Mobil and Chevron the two biggest losers on the Dow as crude dropped
to $91.82 a barrel.
Meanwhile,
talks over the U.S. debt ceiling involving Vice President Biden collapsed
Thursday, with lawmakers calling for President Obama to take a more central
role in the negotiations.’
Federal Reserve
Secrets and Lies USA Watchdog | The Federal Reserve has
been a clandestine organization since its inception.
Spanish
Banks Hiding Over $70 Billion In Bad Real Estate Zero Hedge
| All in a day’s work for the Ponz.
CEO
pay vs. worker pay Corporations line up to block rules that would force
companies to disclose comparison data. (Washington Post) [ One thing’s been
glaringly true for quite some time: american ceo’s have been vastly overpaid
for what’s been clearly underperformance. Indeed, strategic thinking span’s
little more than the year-end bonus cycle, a predisposition not lost on
fraudulent wall street (exceptions are rare, ie., previously, past tense, Steve
Jobs/Apple, Jack Welch/GE, among a few others, worth every penny and more).
But, compared to their foreign counterparts, the only conclusion is that u.s.
ceo’s seem to excel in only one area; viz., how to get themselves paid. Results
count. What is, counts. What happened, counts. Pretending is no longer an
option. Reality counts! Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street
accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality http://albertpeia.com/grimreality.htm The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! Technology rally? Defacto bankrupt
american technology is horrendous but great sizzle for the new fraud as in the
dotcom bust days. Then there’s the greasy b.s. new greecy b.s. factor. The rally into the close and
the previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the
suckers suckered and for ‘smarter money ‘ along with the frauds to sell into.
This is an especially great opportunity to sell / take profits while you still
can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times.
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money--
Cracks beneath the facade
Phil’s Favorites | Repercussions from a Greek default become
more significant when considering leverage and derivatives.
National / World
War
crimes court issues arrest warrant for Gaddafi International Criminal Court
judges on Monday issued an arrest warrant for Libyan leader Moamer Kadhafi for
crimes against humanity, committed against opponents of his regime since
mid-February, a judge said.
Threat
of $100 Billion Hit if U.S. Top Rating Lost Investors in the US government
bond market could face losses of up to $100bn if the largest economy loses its
triple A rating, according to a research arm of McGraw-Hill, the parent of
Standard & Poor’s.
Obama
to step in on debt talks As
Biden-led talks break down, president plans to meet with key lawmakers next
week. (Washington Post) [ Oooooh! Bring
in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds like a plan!
After all, ultimately it’s Mr. Teleprompter who’ll have the final say; and, it
seems like wobama’s got a lock on that ‘relationship with Mr. T; you know,
‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ] In his June 7 speech, Fed Chairman Ben Bernanke
stated, “the best way for the Federal Reserve to support the fundamental value
of the dollar in the medium term is to pursue our dual mandate of maximum
employment and price stability, and we will certainly do that.”
It is
instructive to take a look at the actual Federal Reserve goals, as well
Bernanke’s results in pursuing those goals.
Goals of
Monetary Policy
“The goals of
monetary policy are spelled out in the Federal Reserve Act, which specifies
that the Board of Governors and the Federal Open Market Committee should seek
‘to promote effectively the goals of maximum employment, stable prices, and
moderate long-term interest rates’. Stable prices in the long run are a
precondition for maximum sustainable output growth and employment as well as
moderate long-term interest rates.
When prices
are stable and believed likely to remain so, the prices of goods, services,
materials, and labor are undistorted by inflation and serve as clearer signals
and guides to the efficient allocation of resources and thus contribute to
higher standards of living. Moreover, stable prices foster saving and capital
formation, because when the risk of erosion of asset values resulting from
inflation—and the need to guard against such losses—are minimized, households
are encouraged to save more and businesses are encouraged to invest more.”
Let’s look at
the results of Bernanke’s economic “fine tuning” (using data from the St. Louis
Fed’s database, starting in February, 2006, through April 2011), and see if he
has successfully pursued this mandate.
Definition
of STABLE (from
the Mirriam-Webster dictionary)
a :
firmly established : fixed, steadfast <stable opinions>
b :
not changing or fluctuating : unvarying <in
stable condition>
c :
permanent, enduring <stable civilizations>
Stable
Prices?
Stable prices
are one of the Fed’s primary mandates. In the table below, take a look at
what has happened to the prices of items in a typical U.S. consumer’s budget
since Ben took the reins:
Feb ’06 –
April ’11
|
Items in a Typical Budget |
% Change |
|
Food and Beverages |
16.54% |
|
Water and sewer and trash collection services |
31.88% |
|
Rent of primary residence |
13.82% |
|
Housing |
8.68% |
|
Fuels and Utilities |
11.93% |
|
Apparel |
4.83% |
|
Medical Care |
20.11% |
|
Gasoline (all types) |
65.12% |
|
Transportation |
23.36% |
|
Tuition, other school fees, and childcare |
29.28% |
|
Recreation |
2.87% |
It is easy to
play with the weightings of the above prices, and see how individual budgets
would be impacted. Regardless of the method used to look at prices, it is
clear that Bernanke has not been successful at maintaining price stability
since taking over as Fed Chairman. Mandate not accomplished.
Maximum
or Full Employment
Finding a
strict definition of maximum employment is impossible. Many economist
give different estimates, ranging from 2%-7%. The standard unemployment
rate most often used by the Fed is currently at 9.1%, up 90% since Bernanke
started. The more inclusive (realistic) U6 number stands at 15.8%, up 75%
in the same period. The Civilian Participation Rate has declined 2.87% to
64.2%.
This is the
lowest level the U.S. has seen since March, 1984. The decline amounts to
8,946,844 fewer Americans in the labor force. Had they not dropped out
because of a lack of jobs, the “official” unemployment rate would be
significantly higher. While we can debate the meaning of the term maximum
employment, it is clear that the jobs data has deteriorated considerably since
Bernanke took the reins at the Fed. Mandate not accomplished.
Moderate
Interest Rates
While not
stated in Bernanke’s recent address, the Fed’s website also posts “moderate
interest rates” as a stated goal. While we cannot definitively say what
constitutes “moderate”, we do know that both short and long-term interest rates
are near all time lows. It is safe to assume that near record low rates
are not “moderate”. Further, when interest rates are artificially
held below the rate of economic growth,” financial repression” is occurring.
Many bright folks have commented on how the zero interest rate policy (ZIRP) is
destructive to savers and misallocates resources. It is safe to say that
this mandate has not been accomplished.
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
We will leave
it up to our readers to make their own conclusions.
Matt Marcewicz
& Robert Barone, Ph.D.
Matthew Marcewicz and Robert Barone are investment advisor
representatives with Ancora West Advisors LLC, Reno, Nev. ‘
Ron Paul’s
Anti-Fed Message Gains Respect For decades — and mostly from the margins —
Paul has held fast to his Libertarian message, giving him authenticity
TSA Defends Forcing Elederly Leukemia Patient to Remove
Diaper Kurt Nimmo | Removing dying woman’s adult
diaper “professional” and in accordance with “proper procedure,” according to
the TSA.
Banker
Occupation of Greece Stephen Lendman | Greece is
entrapped by foreign banker diktats demanding tribute.
Rochester Police Ticket Supporters of Woman Arrested for
Recording Cop Kurt Nimmo | Political intimidation,
pure and simple, just like what they do in tin horn dictatorships.
Hillary Clinton Channels the Neocons Kurt
Nimmo | Opposition to illegal war puts you in the same category as
al-Qaeda.
Libya says NATO strikes kill 15 civilians; alliance
denies report CNN | NATO airstrikes hit a bakery
and a restaurant in the Libyan city of al-Brega Saturday, killing 15 civilians,
a Libyan government official told CNN.
Economy Expected to Have Major Slide in Months Ahead The
New York Times | Economists are ratcheting down their 2011 economic
forecasts to as little as half what they expected at the beginning of the year.
Report: Hugo Chavez in Critical Condition In Cuban
Hospital Fox News Latino | Hugo Chávez extended
stay in a Cuban hospital is because he is in critical condition, according to a
report in El Nuevo Herald.
The Alex Jones Show: The Mafia Government We Live Under The
Alex Jones Channel | Alex confronts the efforts of the corporatist and
bankster warmongers to take their destabilization campaign into Pakistan and
crank up the conflict in Libya.
TSA Defends Forcing Elederly Leukemia Patient to Remove
Diaper Kurt Nimmo | Removing dying woman’s adult
diaper “professional” and in accordance with “proper procedure,” according to
the TSA.
Banker
Occupation of Greece Stephen Lendman | Greece is
entrapped by foreign banker diktats demanding tribute.
Rochester Police Ticket Supporters of Woman Arrested for
Recording Cop Kurt Nimmo | Political intimidation,
pure and simple, just like what they do in tin horn dictatorships.
Hillary Clinton Channels the Neocons Kurt
Nimmo | Opposition to illegal war puts you in the same category as
al-Qaeda.
Libya says NATO strikes kill 15 civilians; alliance
denies report CNN | NATO airstrikes hit a bakery
and a restaurant in the Libyan city of al-Brega Saturday, killing 15 civilians,
a Libyan government official told CNN.
Economy Expected to Have Major Slide in Months Ahead The
New York Times | Economists are ratcheting down their 2011 economic
forecasts to as little as half what they expected at the beginning of the year.
The Alex Jones Show: The Mafia Government We Live Under The
Alex Jones Channel | Alex confronts the efforts of the corporatist and
bankster warmongers to take their destabilization campaign into Pakistan and
crank up the conflict in Libya.
Milbank:
Progressives voice anger at Obama (Washington Post) [ Progressives? Is that all, Mr. ‘wobama
aficionado’, aka Mr. Milbank. How about the vast and overwhelming majority of
this nation, and add in the rest of the world to boot.
Robinson:
Why does the Afghan war go on? (Washington Post) [ Well, there’s one person who minces no words
as to why: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel. Then there are, beyond the
regional proximity to oil and an american induced resurgent poppy / heroin
production / trade (the Taliban had all but eradicated same). After all,
pervasively corrupt, defacto bankrupt america is into the illegal drug trade in
a very big way. Obama’s Drawdown Speech: More Orwellian Lies Kurt Nimmo | The U.S. government has no intention of ending the
war and bringing home all of the troops.
Obama:
Time for ‘nation building’ at home
‘Surge’
troops to be ordered home Departure
plan will remove 33,000 troops faster than Obama’s commanders requested but
more slowly than many of his political allies would like. (Washington Post) [
Well, in a certain sense he’s chronologically correct … finish the job of
destruction at home … yeah … it’s true … they haven’t the slightest idea what
they’re doing and no matter what or where, pervasively corrupt, defacto
bankrupt america’s touch is an invariably destructive, negative touch (‘nation
building’ the coy, euphemistic phrase for what is in fact ‘nation destroying’,
regardless of spin, propaganda, and outright lies). Obama’s
task: Keep support for Afghan war The president’s prime-time address on
plans to gradually withdraw troops must remind a skeptical electorate and a
concerned Congress that the country’s longest war remains worth fighting — and
funding. (Washington Post) [ Obama’s task? Support for this nation’s
self-bankrupting Afghan (among other) war(s)? Geeh! Silly me! And all the while
I thought wobama’s task was to bring to fruition all those laudable campaign
promises; viz., jobs / economy not wars, prosecution of the frauds on wall
street responsible for the crisis, etc.. What a total fraud wobama is. Obama’s
semantics draw criticism on Libya (Washington Post) [ Semantics? If it were
only wobama’s semantics that drew criticism. But, one must concede that when
fellow black Farrakhan is weighing in thusly:
Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... wobama’s
really got problems (you know, that unflinchingly loyal 18%). Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel.
(I wonder what Chinese mascot ‘the black mamba’ has to say ‘The Chinese people's love of
american basketball star Kobe Bryant’…Kobe Bryant China The Kobe dynasty - Los
Angeles Times
Aug 20, 2008 ... Beijing It's
Kobe's team, in China, anyway… Sprite
China: Kobe Bryant & Jay Chou Music Video –
Advertising ... Feb 23, 2011 ... Sprite China has paired up NBA Star Kobe Bryant of the LA Lakers … who has supplanted their own
’yellow / red bamba’; viz., Yao Ming.) Sen.
Conrad: $2 trillion not enough
Democratic chairman of budget committee is pushing for deeper cuts in
any debt-reduction deal. Lawmakers
fear time is running out to slice $2 trillion from the budget In six weeks,
negotiators must strike a bipartisan compromise and persuade a bitterly divided
Congress to support it. (Washington Post) [ Ah, there you have it. That
nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in
savings by 2021 to avoid a debt crisis. Others view $2 trillion as
impossibly ambitious...more borrowing authority for a nation already mired in
red ink.’…Some have been less than optimistic in their prognosis Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen america.
Indeed, the scenario typifies that national drain / sinkhole new york (new york
/ new jersey metro) where, for example, FBI informants were routinely exposed
by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings /
Volkman Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street
accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Human Rights Group: No Evidence Gaddafi Encouraged Troops
to Rape Kurt Nimmo | Propaganda reminiscent of
Kuwait incubator hoax used as propaganda in effort to get public behind
invasion of Libya in 1991.
U.S. House keeps Libya funding, fails to authorize
mission Xinhua & RT | Will illegal war sink
Obama’s presidency?
Ron Paul Slams Absurd Libya War Powers Debate The
State Column | Paul told his colleagues that the limited funding bill
was not what it appeared to be.
Alex
Jones: Beyond The Box Paul Joseph Watson | Alex
Jones gives the keynote speech at the Talkers Magazine New Media Seminar, held
in New York City and attended by prominent media personalities as well as other
industry movers and shakers.
American in Tripoli: First Hand Account RT
| Investigative reporter Wayne Madsen, who spent some time in Libya,
shares his views on what’s really going on in the country.
PNAC-Reborn: Calling for Greater Libyan War Tony
Cartalucci | War criminals from the Foreign Policy Initiative implore
House Republicans to ignore the people & the Constitution for continued war
with Libya.
House
rejects Obama’s Libya policy Lawmakers vote down a measure that would
authorize mission, but stop short of cutting funding. (Washington Post) [ Ah,
riiiiight! The worst of both worlds. ‘Cutting the baby in half’ probably their
most politically expedient solution to appeasing their respective ‘support
groups’. Though not the kind of group therapy support groups that immediately
come to mind, one laments the various elements of the pervasively corrupt u.s.
government are not receiving the kind of psychotherapy they need by way of
group therapy or otherwise. Speaking of
spending cuts, here’s one they ‘dare not do’:
House
votes down SEC budget hike Agency has been seeking a budget increase to
keep pace with its expanded responsibilities. (Washington Post) [ No surprise
here given the prior and continuing defacto complicity in wall street’s
enormous frauds. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins
Oscar for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billions from the fraud ) … I want just one person with courage enough to stand
up and explain to all that these huge commissionable computerized trading
volumes like never before are a net negative in a very big way … that’s a fact
… that’s economic reality in real terms!
… Though having but 5% of the world’s
population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Alex Jones Takes TSA Fight to Capitol Infowars.com
| Video from the state capitol in Austin, Texas, where anti-TSA groping
legislation is under consideration.
Google Updates PageRank: Top Alternative News Aggregator
Punished Eric Blair | Infowars.com punished for its
alternative media success.
New Documents Prove TSA “Mischaracterized” Safety Aspects Of
Full Body Scanners Steve Watson | Workers blame
machines for “growing number” of cancers.
Britain Looks at Sending Libyan Occupation Force Kurt
Nimmo | Experts warn introducing troops would result in a Libyan hell.
Texans to Launch ‘Citizen Filibuster’ Over TSA Groping Paul
Joseph Watson | Campaign seeks to pressure public servants into
following will of the people.
TSA Bill Replaced With Toothless Resolution? Paul
Joseph Watson | Having already been gutted, the anti-grope legislation
could be jettisoned for a meaningless recommendation that Congress take up the
issue.
Groping Bill Killed by Texas House Committee Kurt
Nimmo | The committee was scheduled to take up anti-molestation bill
Monday morning.
Playing with Fire in a Cashless Society Ben
Parry | Would Nazi Germany have been a cashless society?
TSA Groping Bill Up For Vote In Texas Senate Monday Lone
Star Report | Simpson said there still remains much support — though
he doubts if Gov. Rick Perry truly wants the bill passed.
Max Keiser & Alex Jones: The History of What Happened
to Greece The Alex Jones Channel | Max joins Alex
to discuss how all this madness started in Greece and who is to blame for it.
Ex-MI6 chief
altered Iraqi intelligence A top former British intelligence official had
misled the public about the former Iraqi regime’s weapons program to pave the
way for war, it is now revealed.
Israel plots ways to repel new Gaza
flotilla Hindustan Times - israel's
security cabinet was to convene on Monday for a second day of discussions on
how to stave off an international flotilla intending to breach the naval
blockade of Gaza, local media said.’
JFK {Platoon
, Wall Street , Natural Born Killers , W. , Wall Street: Money Never Sleeps } [And yes; I also believe there’s been a coup d’etat in
pervasively corrupt, defacto bankrupt, banana republic america, gunboat
diplomacy, plundering the treasury, and all! ] [I saw ‘JFK’ for the first time today and must say, though
preoccupied at the time (1992) with other things (RICO and consequent
substantial pressure from various nefarious elements, mob, mob-connected /
controlled, corrupt government-state,local,federal, etc.. ) I was ‘hoodwinked’
by mainstream media critics who for the most’ ho-hummed’ the film as more of
the same conspiracy stuff the factual basis for which I was already familiar
with; and hence, disinclined to make any significant effort to view same. Boy,
were they and derivatively I wrong! I am totally astounded by the insightful
documentation in this film, so masterfully presented in cinematic form. If at
all, Stone seemed shy about presenting even reasonable inferences from facts so
strictly set forth. By leading with actual speech footage from who I believe to
have been america’s last great president / leader, the substantially underrated
President General Eisenhower who warned of the dangers inherent to the military
/ industrial complex, Stone set the tone for what I believe to have been the
most courageous and significant warning of the current national and global
crises confronting the nation and world today and the reasons therefore (his
negative exposés of wall street, inherent american criminality, W, etc., complement
and support his theme while revealing his wide range, wisdom, and talent). (I
must say that I liked Ronald Reagan, as I’ve previously said I like Robert
Redford, as being very likeable guys - I’m also conservative, but not to a
fault – his rational approach and results with Gorbachev were his most
significant accomplishments. Parenthetically and coincidentally, I also saw for
the first time this same day, Reagan in ‘Bedtime for Bonzo’; and, I was shocked
that it was better than I could have possibly imagined and hardly the stuff
warranting the mocking he got for same on the political trail … do you think it
was just a foreboding of the nation’s current predicament with ‘wobama the b’
(for b***s***); and yes, I do have that ‘birther wobama family portrait’ on my
website front page http://albertpeia.com . In sum, the inherently criminal behaviors
of americans as depicted are all too real and an auspicious sign indicative of
corruption across the board and through all levels of u.s. government. In light
thereof, I’m compelled to wonder as previously set forth and infra, whether my
trust in and affinity for the FBI will have been ultimately proven to have been
contraindicated in fact and reality; and hence, as I ponder, a maladaptive
personal trait / flaw. Stated another way, should having then done the deal
with the mob for the money despite personal ethics and oath militating against
same have been the correct choice in pervasively corrupt america. It certainly
up to this point would have been the most expedient, efficacious, and adaptive
choice in pervasively corrupt, inherently criminal america. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
The purported leaders today; compromised, cowardly,
criminal puppets all, the story of pervasively corrupt, defacto bankrupt
america today.
Filmography - As Director
|
Year |
Film |
Academy Award Nominations |
Academy Award Wins |
Golden Globe Nominations |
Golden Globe Wins |
BAFTA Nominations |
BAFTA Wins |
|
1974 |
|
|
|
|
|
|
|
|
1981 |
|
|
|
|
|
|
|
|
1986 |
2 |
|
|
|
|
|
|
|
1986 |
8 |
4 |
4 |
3 |
3 |
2 |
|
|
1987 |
1 |
1 |
1 |
1 |
|
|
|
|
1988 |
|
|
|
|
|
|
|
|
1989 |
8 |
2 |
5 |
4 |
2 |
|
|
|
1991 |
|
|
|
|
|
|
|
|
1991 |
8 |
2 |
4 |
1 |
2 |
2 |
|
|
1993 |
|
|
1 |
1 |
|
|
|
|
1994 |
|
|
1 |
|
|
|
|
|
1995 |
4 |
|
1 |
|
1 |
|
|
|
1997 |
|
|
|
|
|
|
|
|
1999 |
|
|
|
|
|
|
|
|
2003 |
|
|
|
|
|
|
|
|
2004 |
|
|
|
|
|
|
|
|
2006 |
|
|
|
|
|
|
|
|
2008 |
|
|
|
|
|
|
|
|
2009 |
|
|
|
|
|
|
|
|
2010 |
|
|
1 |
|
|
|
|
|
2012 |
|
|
|
|
|
|
|
|
Total |
31 |
9 |
17 |
9 |
8 |
4 |
|
October
15, 2010 (*see infra)
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of
the Federal False Claims Act probably would apply and I would absent
resolution seek to refer the within to a firm with expertise in that area of
the law with which I am not familiar).
The
document in 5 pages under penalty of perjury I was asked to forward to the FBI
office in New Haven is probably the best and most concise summary of the
case RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but typical
problem with my mail) along with my response thereto is included on the 3 disks
as fbicorrespondencereyes.htm . With regard to the
calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA
office and I was referred to the Long Beach, CA office where I personally met
with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the
money laundering which he confirmed as indicative of same (he was transferred
from said office within approximately a month of said meeting and his location
was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron
Barndollar and we remained in touch for in excess of a decade until he abruptly
retired (our last conversation prior to his retirement related to the case and
parenthetically, Rudy Giuliani whose father I stated had been an enforcer for
the mob to which he registered disbelief and requested I prove it, which I did
– he served 12 years in prison, aggravated assault/manslaughter? – and no,
there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
- A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc..
- Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice
on Coan’s Failure to File Page 1 Page 2 ]
- Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
- Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
- Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In addition to being
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. As much as I hate the mob, it truly was funny, if
not so tragic.], Alito is
also corrupt (and maybe corrupt because he is inept). After a reasonable
(but still rather short) time I called to determine the status and was
told that Alito was no longer with the Office of the U.S. Attorney, that
he was (appointed) a federal judge, and that neither the documents nor any
file or record of same could be located. Alito did parley the same /
cover-up into quid pro quo direct lifetime appointment to the Court of Appeals,
3rd circuit, despite the absence of judicial experience or
successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is
the same Sam Alito that now sits on the purported highest court in the
land. The real application of the illegal rule ‘don’t ask, don’t tell’.
There
is applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert
L. Peia
611
E. 5th Street, #404
Los
Angeles, CA 90013
(213)
219-**** (cell phone)
(213)
622-3745 (listed land line but there are unresolved problems with the line,
computer connection may be the reason but I hesitate to chance greater
non-performance / worsening by their ‘fix’ so cell phone best for contact).
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. ]
FBI
trouble after Bulger’s capture? The
crime boss is said to have boasted of corrupting agents. If he talks, some
could live to regret it. (Washington Post) [ Wow! I knew the northeast
generally, jersey / new york particularly in terms of mob infestation /
infiltration / control, and the unique status of virginia in terms of
government (cia / military, all three branches in support thereof) involvement
in the illegal drug trade, etc., connecticut and california derivatively
thereby; but I’m now wondering about the stonewalling across the board regarding
the RICO matters [ I personally trust the FBI, and to be truthful, really have
no choice but to do so; moreover, I personally like the FBI … I hope that’s not
been a mistake and ultimately a personal flaw, respectively, since it is the
liars (sic lawyers, ie., in the DOJ, etc.) who’ve been invariably the
corrupting, corrupt, corruptible agents, including judicially and otherwise ].
: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality http://albertpeia.com/grimreality.htm Mob
boss brought back to Boston; will he sing? DENISE LAVOIE BOSTON (AP) — James "Whitey"
Bulger's capture could cause a world of trouble inside the FBI.
The
ruthless Boston crime boss who spent 16 years on the lam is said to have
boasted that he corrupted six FBI agents and more than 20 police officers. If
he decides to talk, some of them could rue the day he was caught.
"They
are holding their breath, wondering what he could say," said Robert
Fitzpatrick, the former second-in-command of the Boston FBI office.
The
81-year-old gangster was captured Wednesday in Santa Monica, Calif., where he
apparently had been living for most of the time he was a fugitive. He appeared
Friday afternoon inside a heavily guarded federal courthouse in Boston to
answer for his role in 19 murders.
Bulger,
wearing jeans and a white shirt, looked tan and fit and walked with a slight
hunch at back-to-back hearings on two indictments. He asked that a public
defender be appointed to represent him, but the government objected, citing the
$800,000 seized from his Southern California apartment and his "family
resources."
"We
think he has access to more cash," said prosecutor Brian Kelly.
At
the second hearing, Bulger took a swipe at prosecutors after Magistrate Judge
Marianne Bowler asked him if he could afford to pay for an attorney.
"Well,
I could, if they would give me my money back," he replied in his
unmistakable Boston accent, prompting laughter in the courtroom.
Kelly
implied that Bulger's cash came from illegal activities.
"He
clearly didn't make that on a paper route on Santa Monica Boulevard," he
said.
Prosecutors
asked that Bulger be held without bail, saying he is danger to the community
and may try to threaten witnesses.
"He's
also, quite obviously, a risk of flight," Kelly said.
Kelly
also said Catherine Greig, Bulger's longtime girlfriend who was arrested with
him, told court officials that Bulger's brother may be willing to assist him in
posting bail.
Bulger
did not ask for a detention hearing, but his lawyer said he may later make an
argument that Bulger should be released on bail while awaiting trial.
The
amount of money found in Bulger's apartment confirmed a longheld belief by
investigators that he kept large stashes of cash for a life on the run.
"We
clearly don't think this is his last stash," Kelly said.
When
Bulger walked into the courtroom, he saw his brother William, the former
powerful leader of the state Senate, seated in the second row. Whitey Bulger
smiled at him and mouthed, "Hi." His brother smiled back.
Greig
appeared in court a few minutes later on charges of harboring a fugitive. She
asked for a hearing to determine whether she can be released on bail, and one
was scheduled for next week.
Bulger,
the former boss of the Winter Hill Gang, Boston's Irish mob, embroiled the FBI
in scandal after he disappeared in 1995. It turned out that Bulger had been an
FBI informant for two decades, feeding the bureau information on the rival New
England Mafia, and that he fled after a retired Boston FBI agent tipped him off
that he was about to be indicted.
The
retired agent, John Connolly Jr., was sent to prison for protecting Bulger. The
FBI depicted Connolly as a rogue agent, but Bulger associates described more
widespread corruption in testimony at Connolly's trial and in lawsuits filed by
the families of people allegedly killed by Bulger and his gang.
Kevin
Weeks, Bulger's right-hand man, said the crime lord stuffed envelopes with cash
for law enforcement officers at holiday time. "He used to say that
Christmas was for cops and kids," Weeks testified.
After
a series of hearings in the late 1990s, U.S. District Judge Mark Wolf found
that more than a dozen FBI agents had broken the law or violated FBI
regulations.
Among
them was Connolly's former supervisor, John Morris, who admitted he took about
$7,000 in bribes and a case of expensive wine from Bulger and henchman Stephen
"The Rifleman" Flemmi. Morris testified under a grant of immunity.
In
addition, Richard Schneiderhan, a former Massachusetts state police lieutenant,
was convicted of obstruction of justice and conspiracy for warning a Bulger
associate that the FBI had wiretapped the phones of Bulger's brothers.
Edward
J. MacKenzie Jr., a former drug dealer and enforcer for Bulger, predicted that
Bulger will disclose new details about FBI corruption and how agents protected
him for so long.
"Whitey
was no fool. He knew he would get caught. I think he'll have more fun pulling
all those skeletons out of the closet," MacKenzie said. "I think
he'll start talking and he'll start taking people down."
A
spokesman for the Boston FBI did not return calls seeking comment. In the past,
the agency has said that a new generation of agents has replaced most or all of
the agents who worked in the Boston office while Bulger was an informant.
A
law enforcement official who requested anonymity because of the ongoing
investigation told The Associated Press on Friday that FBI agents lured Bulger
out of his., apartment earlier this week by telling him someone had broken into
his on-site storage unit. The official said Bulger walked out of the apartment,
was arrested without incident and consented to a search of the premises.
Some
law enforcement officials said they doubt Bulger will try to cut a deal with
prosecutors by exposing corruption, in part because he will almost certainly be
asked to reveal what contact he had with his brothers while he was a fugitive
and whether they helped him in any way.
"If
Bulger talks, he would have to talk about his brothers, and I can't see that
happening, said retired state police Detective Lt. Bob Long, who investigated
Bulger in the 1970s and '80s."They are not going to take selective
information from him — it's either full and complete cooperation or
nothing."
Criminal
defense attorney and former Drug Enforcement Administration agent Raymond
Mansolillo said Bulger may not have any incentive to talk. "The FBI may
say, 'You're going to jail or you're going to be killed. We're not offering you
anything,'" said Mansolillo, who once represented New England crime figure
Luigi "Baby Shacks" Manocchio.
But
retired Massachusetts state police Maj. Tom Duffy, one of the lead
investigators in the Bulger case, said Bulger may agree to talk if he thinks it
could help his girlfriend.
"It's
very possible he's concerned about her well-being — she was with him for 16
years and was very loyal to him," Duffy said. "That may be a
bargaining chip for the government during negotiations."
The
question of whether Bulger will be given a public defender will be decided
later. A hearing was scheduled for Tuesday. He did not enter a plea.
Bulger
is "looking forward to facing the charges against him," said Peter
Krupp, a lawyer assigned to represent Bulger for purposes of Friday's hearing
only.
Among
the onlookers at the courthouse was Margaret Chaberek, who grew up in Bulger's
home turf of South Boston. "I'm here to see him get what he
deserves," she said.
Ina
Corcoran of suburban Braintree came on her day off to witness a piece of
history and sat on a bench outside the fifth-floor courtroom, saying it was
like being there to see Al Capone.
"If
you could go back in time to be in that courtroom, wouldn't you?" she
said.
___
Associated
Press writers Johanna Kaiser, Laura Crimaldi in Providence, R.I., Curt Anderson
in Miami and Greg Risling in Los Angeles contributed to this report.’
Trail
to bin Laden began with phone call (Washington Post) [ It’s truly difficult
not to like Mr. Woodward or not to receive well anything he reports on. After
all, having been played on the big screen by extremely likeable Robert Redford,
I’m constrained to say I myself am predisposed to liking Mr. Woodward (Hoffman/Bernstein
– not so much) and being thusly more receptive to what he has to say (that
‘transfer aspect’ of ‘propaganda’ which I was fortunate to have studied in
sixth grade, the advanced reading group, courtesy of James Bresnahan,
undoubtedly the best teacher I’ve ever had, grade for grade – he treated young
people as more than just kids, with exposure to the great classics, classical
music, slides and insights from his wide-ranging world travels, etc.). This is
not to say Mr. Woodward should in any way be diminished inasmuch as his
substantial journalistic credentials and contributions speak for themselves
(particularly his recent piece, at great peril I believe, on the ubiquity of
high level security clearances in the Washington metro area). Moreover, his contributions
are invariably a welcomed positive for the great paper, The Washington Post.
Yet, Mr. Woodward was a ‘navy man’, after all; and, I can’t help but think,
with all the scripted, staged hoopla surrounding the Bin Laden affair, his
‘gorge rises at it’. Indeed, 911 itself; that ‘pearl harbor event’ so sought by
the neo-cons / war mongerers still defies explanation (ie., the ‘stand-down
order’, symmetrical implosions, foreknowledge by some {who conveniently ‘missed
the party’ that day}, etc.. Some links, echoing the unbelief akin to the
‘Jessica Lynch’, Tillman, etc., affairs
follow. Additionally, people must remain attuned to the reality that though having but 5% of the world’s population, america
can boast 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto
bankrupt, fraudulent america also spends more on military spending than all the
nations of the world combined... federal employees / contractors, cia, all 3
branches of the u.s. government, etc., are included in this evolved american
trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ], and the highest crime
rates in the world by far. That perverse field of dreams I’ve previously
alluded to, the american nightmare, if you build / contrive war, they will
come. And, they do; seals of them (among others); and when their ‘tours’ are
done, it’s murder inc./contract killing for hire that they’ve won (cia, mob,
etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred
to as the american century, brings longings of nostalgia to american criminals
who, like Pavlov’s dogs salivate at the
prospect of killing, raping, pillaging,
and plundering which primitive mindset they have mistakenly been conditioned to
connect to their now irretrievably lost success as a nation state, and to the
contrary, has become globally and domestically self-destructive / self-defeating.
In so short a period of time, it is unlikely that Mr. Woodward could do an
incisive investigative piece as he’s become famed for; nor could he reasonably
be expected to have done so given the ‘breaking nature’ of the story. The
entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of
political desperation and Orwellian opportunism. Uncharacteristically, and
somewhat disingenuously, I’m not going to read Mr. Woodward’s article so that I
can continue to like Bob Woodward Redford.]
Drudgereport:
TEMPLETON
chairman: Financial Crisis 'Around Corner'...
'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
CHINA:
USA 'ALREADY DEFAULTING'...
DOLLAR
TO 'LOSE RESERVE STATUS'
Economy
Expected to Have Major Slide in Months Ahead...
REPORT:
NATO forces ARE
trying to assassinate Qaddafi...
GUILTY
IN CHICAGOLAND...
17
of 20 counts...
Tried
To Sell Obama's senate seat...
Jury
DEADLOCKED on Rahm shakedown...
Blago
to lawyer: 'What happened?'
'Stunned'...
JOBLESS
WEAK: 429,000...
...disappointed
Economic
trouble puzzles Fed chief...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
THE
NEW 'NORMAL'
GALLUP
PLUNGE...
Approval
-4, disapproval +5 -- in one day!
DOWN TO
THIRD: USA 'TO FALL BEHIND INDIA' IN TRADE...
DEM
FIX: MORE SPENDING!
Bernanke
speaks, stocks sink...
FORBES:
'Admits he's clueless'...
CBO:
Long-Term Debt Picture Worsens...
Would
reach 101% of GDP by 2021...
STUDY:
State, local gov'ts must raise taxes $1,400 a year for
30 years to fund pensions...
Millionaires
shrug off downturn; Wealthy richer than before crisis...
Zuckerman:
'We now have more idle men, women than at any time since Great Depression'...
SHOCK
POLL: ONLY 3 in 10 WILL VOTE FOR OBAMA...
66%
say US headed in 'wrong direction'...
Greece
Agrees on New Austerity Plan With EU, IMF...
ANGER
IN ATHENS...
'BLACK
HOLE'...
DEBT
TALKS BREAKDOWN; TAX BUST
S&P:
Risk of U.S. credit rating downgrade increased...
Chicago
county faces $108 billion
gap in pensions....
Greek
Streets 'Explosive'...
PM wins
confidence vote 'but outlook remains dire'...
Huntsman
announces presidential bid at Statue of Liberty...
Harry
Reid endorses...
Bachmann
surges to primary lead...
Iraq
hunting $17 billion missing after U.S. invasion...
NATO
NIGHTMARE: 9 CIVILIANS KILLED [NATO strike kills 15 Libyan civilians]
Census:
Whites lose majority among babies...
German
Giant Says US Workers Lack Skills...
PAPER:
AMERICA'S LOST DECADE?
States
look to Internet taxes to close budget gaps...
SPANIARDS
ON MARCH OVER BLEAK PROSPECTS...
House will move this week to limit funding for effort in Libya...
'DON'T
BE SURPRISED IF ATHENS GOES UP IN FLAMES'...
GREEK
PM PLEADS FOR UNITY!
...warns
against default
Threat
to downgrade Italian debt raises contagion fears...
Princess
Diana Conspiracy Movie Headed to Theaters... [ Uh, oh! Time to gear
up the already harsh ‘censors’ in england.
]
Bachmann:
Obama 'has failed' blacks, Hispanics... [ Come on! ‘Wobama the b’
(for b***s*** has failed everyone. ]
Presidential
no-show miffs Hispanics...
African-American
unemployment at 16%... [ But there’s rationality in this stat as
people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then there’s
the attitude. I truly believe from direct experience that even when their
outright aggression, assaults on persons and the senses, and otherwise
obnoxious behavior is not apposite, the personality disorder ‘passive /
aggressive’ is applicable, however indirectly expressed. ]
SHE'S
OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!)
...
Michelle Obama Admits: 'Fortunately, We Have Help From The Media'...
CHICAGOLAND:
Rahm's Top Cop Blames Gangs, Crime on 'Gov't-Sponsored Racism'...
Likens
federal gun laws to 'racism'...
Teen
Mob Of 50 Hits Chicago WALGREENS...
Teen
brutally beaten by mob of blacks; cops
mull 'lynching' charge...
Princess
Diana Conspiracy Movie Headed to Theaters... [ British
queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by
security scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ …
that is … Diana
film causes stir at Cannes
“Unlawful Killing” has a combination of celebrity, controversy and canny
hype-mongering. (Washington Post) [
Let’s not kid ourselves … and, Dodi Fayed’s father was no dope and knew the
score. Indeed, it’s not coincidental that William’s the over-riding favorite of
granny Liz II; after all, Harry’s the bastard son of Hewitt (don’t buy into
their DNA proffer which they did buy – you know, that ‘bloodline thing’).
Moreover, it was reported that Diana had another ‘potential challenger in the
oven’ at the time of her death and we all know how dicey such english affairs
of state can be (ie., Henry VIII, Richard III, etc.). Then there’s the contempt
of Diana for having brought the son of her bosom, Chas, down. Do I think she
said flat out ‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als.
Ultimately, William will require some substantial therapy to sort out this looming conflict. After all, Diana was
his mother. Drudgereport: British
woman decapitated in grocery store; killer flees with head... Cannes:
Diana doc slams UK royals as 'gangsters'... ]
Week
Ahead: Fireworks Coming Early? at Forbes
Top
3 Reasons Markets Were Down After Tech and Gold Slumped Wall St.
Cheat Sheet June 24, 2011, Markets closed
down on Wall Street: Dow -0.96% , S&P -1.17% , Nasdaq -1.26% , Oil +0.24%,
Gold -1.32% .
On the
commodities front, Oil (NYSE:USO) recovered slightly, up to $91.24 a barrel after
yesterday’s $4 drop. Precious metals were down again today with Gold (NYSE:GLD) closing at $1,500.50, a drop of $23 from
yesterday, and Silver (NYSE:SLV) is down 2.36% to $34.19.
Today’s
markets were down because:
1) Tech slump.
Both Oracle (NASDAQ:ORCL) and Micron Technology (NASDAQ:MU) suffered huge
losses in the market today, weighing heavily on tech stocks. The Nasdaq
Composite, up 0.66% yesterday is down 1.16% today. Tech was also the worst
performer of the 10 sectors on the S&P 500. Blue chips were dragged down as
well by the Dow’s tech members like Microsoft (NASDAQ:MSFT), Intel (NASDAQ:INTC), and Cisco (NASDAQ:CSCO). All in all it was a terrible day for tech (NYSE:XLK).
2) Italy might
be the new Greece. Also Ireland, Portugal, and maybe Spain (NYSE:EWP). Really no one’s being left out of the party.
After Moody’s put 12
Italian government-related financial institutions on review for possible
downgrade, people are worried that it might be too late to contain Greece’s
debt woes — they may have already contaminated other borderline economies.
Spanish and Italian bond yields are up, with Spain’s 10-year bond reaching its
highest level since 2000. And Italy (NYSE:EWI) has a national debt that totals 120% of GDP, a
figure that seems unlikely to improve considering long-term structural
weaknesses and low productivity. Greece may only be the first domino to fall.
3) Positive
economic data? The latest GDP
report came out this morning and the figures were better than previous
estimations, showing durable goods rose more than expected in May after
suffering a 2.7% decline in April. But the report couldn’t have come out at a
worse time, overshadowed by today’s tech losses and renewed fears in Europe, as
well as still-low crude futures and plummeting oil-related stocks…’
Regulators
shut small Georgia bank; 48th in 2011
Stocks
Cut Losses On Greek Deal Pipe Dream at Forbes Steve Schaefer ‘A
Reuters report
Thursday afternoon said Greece has reached a deal with the European Union and
the International Monetary Fund on a new five-year austerity program, helping
Wall Street shed the bulk of its heavy losses Thursday afternoon, even though
such an agreement means little in the face of contentious debate within the
Greek government.
While a deal
with the EU and IMF on austerity clears the path for Greece to continue
receiving the bailout loans that are allowing it to meet its funding needs,
there is still a huge hurdle to clear in getting the deal through Greece’s
Parliament, no small task. After all, in just the past week Greek Prime Minister
George Papandreou has had to reorganize
his cabinet and face a confidence vote (which
he survived).
(Update: Reuters reports
that Papandreou has his doubts about whether the draft legislation will pass
muster and opposition leader Antonis Samaras has maintained his refusal to
bless the plan.)
Thursday
morning, Barclays Capital head of research Larry Kantor said he expects an
eventual Greek restructuring in 2012. In the near-term, BarCap figures enough
will be done to kick the can down the road and allow for some recapitalization
of the European banking system. That of course depends on some austerity being
passed, which Kantor said “is far from assured, though we think it will
happen.” And even once such a package is passed it only buys time. Actually
fixing the fiscal condition of Greece is not something that can be solved in a
matter of weeks, or even months.
Thursday
afternoon’s report may just be the latest noise on the inexorable path toward
restructuring – after all, we have been talking about Greek debt for more than
a year at this point and have yet to see anything resembling a long-term
solution (See “Why
Euro Debt Matters”) – but that didn’t stop investors to take the
opportunity to snap up battered stocks that had been languishing for much of
the session.
By the close
the major indexes were well off their lows, with the Nasdaq popping into
positive territory, up 18 points to 2,687, the Dow Jones industrial average
down just 60 points at 12,050 and the S&P 500 off 4 points at 1,284.
Earlier, the Dow had lost more than 200 points.
Thursday’s
earlier slide was driven in part by the Obama Administration’s decision to tap
the U.S. Strategic Petroleum Reserve for some 30 million barrels of crude oil,
as part of a move by the International Energy Administration to stem the impact
of the production lost from Libya this year. That move hindered energy stocks,
with Exxon Mobil and Chevron the two biggest losers on the Dow as crude dropped
to $91.82 a barrel.
Meanwhile,
talks over the U.S. debt ceiling involving Vice President Biden collapsed
Thursday, with lawmakers calling for President Obama to take a more central
role in the negotiations.’
Was
Bernanke's Speech the last Nail in the Coffin? Maierhofer, June 24, 2011 The more FOMC meetings go by, the more they
remind me of cotton candy.
Every meeting
gets hyped up and whets your appetite for solid tidbits of financial guidance,
yet every FOMC meeting leaves me unfulfilled and unsatisfied, just like cotton
candy. There's much fluff but no substance.
For what it's
worth, lets dissect some of Bernanke's statements and its implications for
stocks. More importantly, we'll take a look at what the stock market has said
and will say, and how this matches up to technical analysis. You may be
surprised just how accurate the market's subtle signals have been.
About QE3
Bernanke said
that a new asset purchase program (something like QE3) won't be discussed for
at least another two to three FOMC meetings (the next FOMC meetings are
scheduled for August 9, September 20, November 1, 2).
He added that
the economy is in a different position today than it was last year.
Interestingly, he specifically noted that today's situation is just that,
different, but not where they'd like it to be. In other words, no QE3 is needed
right now.
About
Banks
Bernanke
didn't specifically talk about bank's health, but mentioned this: 'We don't
have a precise read on why this slower pace of growth is persisting. Maybe some
of the headwinds like weakness in the financial sector ... are stronger than we
thought.'
It seems like
Sherlock hit the head on the nail there. Of the 7,574 federal insured banks,
11.7% are on the FDIC's problem list. It is not surprising that the financial
sector ETFs trade below their 200-day moving average.
About GDP
The 2011 Gross
Domestic Product (GDP) forecast was cut to a range of 2.7% - 2.9% from a prior
range of 3.1% - 3.3%. 2012 GDP has been revised to a range of 3.3% - 3.7% from
3.5% - 4.2%.
Keep in mind
that government spending accounts for 26% of GDP. Furthermore, GDP does not
distinguish how government spending is financed. Yes, all the government
spending that has brought the country to the brink of insolvency is reflected
in GDP. It's time to rethink using GDP as the ultimate economic growth
indicator.
About
Treasuries
There's much
speculation about the future direction of long-term Treasuries. I could add my
own two cents to the mix, but quite frankly at this point there is no high
probability set up.
However, I see
that 30-Year Treasuries are above the 50 and 200-day moving average and barely
above the 20-day MA. But Treasuries are also below a trend line that has
rejected all advances for over 3-months.
Any major move
will either have to break below the 20-day MA or above the trend line. Knowing
this allows us to formulate high probability trading strategies (detailed
analysis on TLT and Treasury available via the ETF Profit Strategy Newsletter).
About
Europe
Here's how
Bernanke summed up the situation in Europe: 'Failure to resolve the Greek
situation would pose threats to European and global financial systems and
European political unity. It's one of several potential financials risks we are
facing.' Does Benny B. think the European debt situations is worse than the
media leads us to believe?
About the
only Authority
There are many
opinions about what stocks (NYSEArca: TMW - News) may or may not, or should
or should not do. But none of that matters, because the final and only
authority is the market itself. That's why it makes sense to listen to the
market and to the market only.
The chart
below lists various support/resistance levels for the S&P 500 (SNP: ^GSPC).
To keep it simple, I've omitted various weekly and monthly pivots. It's
important to note that we don't draw trend lines or Fibonacci levels, the
market does. We simply connect the dots. It doesn't matter if you analyze the
S&P, the Dow Jones (DJI: ^DJI), the Nasdaq (Nasdaq: ^IXIC) or the Russell
2000 (NYSEArca: IWM - News).
http://www.etfguide.com//contributor/UserFiles/8/Image/spx%206%2023%2011.gif
In hindsight
it's always easy to interpret why the market did what. Let's take a look at
what the ETF Profit Strategy Newsletter said about the various
support/resistance levels shown in the chart BEFORE the S&P encountered
them.
April 3, about
S&P 1,369: 'There is strong Fibonacci resistance at 1,369. In terms of
resistance levels, the 1,369 - 1,xxx range is a strong candidate for a reversal
of potentially historic proportions.'
May 3, about
S&P 1,369: Recommendation to short the S&P against 1,369 with a tight
stop-loss. The S&P topped the very next day at 1,370 and tumbled over 110
points thereafter.
June 5, about
S&P 1,298: 'A close below 1,298 would open the door for a retest of the
important 1,255 Fibonacci level. Anyone who is not short but wants to be may
take a short position if the S&P moves below 1,298 with a stop-loss at
1,304.' The very next day the S&P sliced through 1,298 support and fell as
low as 1,258.
June 15, about
S&P 1,259: 'The 200-day SMA at 1,257 is sandwiched between the 1,255
Fibonacci projection level dating back to 2002 and this week's s1 at 1,259.
Wednesday's low was at 1,261.9. If this low is not enough, there is a strong
cluster of support at 1,259 - 1,245. A drop into the 1,259 - 1,245 range would
prompt us to close out short positions and leg into long positions.'
The next day
the S&P bottomed at 1,258 and rallied as high as 1,298.
June 21, about
S&P 1,298: The S&P triggered a bearish low-risk entry. The
recommendation was to go short with a stop-loss at 1,299. If you enjoy more
technical lingo, here is the original trade tip:
'The trade
based on percentR is to go short with a stop-loss (based on closing prices) at
today's high (1,297.62). Because of the close proximity to the Fib level at
1,298.5, let's put the stop-loss at 1,299.'
Leading up to
Bernanke's speech, the S&P traded as high as 1,298.61 and faded away.
June 22, about
new lows: 'There is only one support level between yesterday's close and the
200-day SMA at 1,262. If the market is going to drop that far, it will probably
take out the 1,259 low and minimally test the 1,255 Fibonacci support or the
1,250 trend line.'
Cotton
Candy or the Real Deal
There is no
doubt that QE2 has altered the performance of stocks. The absence of QE2 will
probably alter their performance as well…’
AT&T Gave $500k to House
Democrats Pushing The T-Mobile Takeover
Why Are Food
Prices Rising So Fast? If you do
much grocery shopping, you have probably noticed that the cost of food has been
rising at a very brisk pace over the past year. So why are food prices rising
so fast?
How
Greece is Mocking the Rest of the World Maierhofer ‘
… The next few paragraphs will be a walk down memory lane and show how Greece
went from an A1 rating (by Moody's) and a $3 billion deficit reduction effort,
to the most unstable country in Europe and a $146 billion bailout.
As you read
the progression of headlines, ask yourself whether you will believe any future
information spoon-fed by the media and/or government administrations.
It all started
in June 2009. On June 23, Greece's finance minister Yannis Papathanassiou
stated: 'The rate of growth for the Greek economy in 2009 is expected to slow
more than forecasted. Specifically, it will range around zero and only return
to growth in 2010.' The disclosed budget deficit at the time was $3.1 billion.
On October 22,
2009, Fitch lowered Greece's rating from A to A-. On October 30, Moody's placed
Greece's A1 rating on review for a possible downgrade. So far it all sounds
pretty innocent. The rest of the story is described simply in headlines:
December 17,
2009: 'Greek woes hit Euro'
December 21:
2009: 'ECB member says no bailouts for Greece'
January 18:
'Two EU ministers: No bailout for Greece'
January 19:
'Greece tackles statistics trouble' (hmm, the numbers just didn't add up
despite all the financial alchemy)
February 9,
2010: 'Bulls run on Greece news' (over rumors about a bailout)
February 11,
2010: 'European Union throws a big fat Greek bailout'
February 22,
2010: 'Debtors bet Greece won't spill'
February 27,
2010: 'Athens, Berlin spar as bailout takes shape (talks about $41 billion)
March 4, 2010:
'Is Greece's crisis over?'
April 24,
2010: 'Greece asks for $60 billion bailout'
April 27,
2010: 'Greece contagion fears unfounded'
May 3, 2010:
'Greece gets $146 billion rescue'
May 3, 2010:
'Wall Street up sharply on data, Greece package'
May 8, 2010:
'Stocks tumble on faulty quotes, Greek concerns'
June 14, 2010:
'Greece's government bond ratings cut to junk by Moody's
July 5, 2010:
'Greece upbeat on bid to exit from crisis'
December 17,
2010: 'IMF approves $3.3 billion for Greece amid impressive fiscal adjustment'
…’
Federal
Reserve Shipped Billions to Iraq Which Were Then Stolen Washington’s
Blog | The Federal Reserve has been involved in other unsavory
activities as well, such as loaning billions to Gaddaffi.
Jobless claims
rise more than expected Reuters | Little improvement in
the labor market this month after employment stumbled in May.
RIP
Euro, 1999-2011: Poisoned chalice for Greeks amid rage & anger The Euro
is dead and buried…. quite literally according to sceptics, who’ve held a mock
funeral for the ailing single currency in Brussels.
House
votes down SEC budget hike Agency has been seeking a budget increase to
keep pace with its expanded responsibilities. (Washington Post) [ No surprise
here given the prior and continuing defacto complicity in wall street’s
enormous frauds. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins
Oscar for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billions from the fraud ) … I want just one person with courage enough to stand
up and explain to all that these huge commissionable computerized trading
volumes like never before are a net negative in a very big way … that’s a fact
… that’s economic reality in real terms!
… Though having but 5% of the world’s
population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
U.S.,
allies to release 60M barrels of oil Effort hopes to cut fuel price and
jolt the stalling economic recovery. (Washington Post) [ Ah, riiiiight! The
next new gimmick, shill talking point for fraudulent wall street and
administrations worldwide and particularly america to pretend they’re doing
something of consequence. Though peak oil has been reached (and hence the
current moves are meaningless as regards that reality, and even detrimental,
longer term), the fact is there’s really no current shortage per se. Just
another meaningless b.s. talking point to divert attention from the much worse
than expected economic / financial data / reports / news. Stocks
Cut Losses On Greek Deal Pipe Dream at Forbes Steve Schaefer ‘A
Reuters report
Thursday afternoon said Greece has reached a deal with the European Union and
the International Monetary Fund on a new five-year austerity program, helping
Wall Street shed the bulk of its heavy losses Thursday afternoon, even though
such an agreement means little in the face of contentious debate within the
Greek government.
While a deal
with the EU and IMF on austerity clears the path for Greece to continue
receiving the bailout loans that are allowing it to meet its funding needs,
there is still a huge hurdle to clear in getting the deal through Greece’s
Parliament, no small task. After all, in just the past week Greek Prime
Minister George Papandreou has had to reorganize
his cabinet and face a confidence vote (which
he survived).
(Update: Reuters reports
that Papandreou has his doubts about whether the draft legislation will pass
muster and opposition leader Antonis Samaras has maintained his refusal to
bless the plan.)
Thursday
morning, Barclays Capital head of research Larry Kantor said he expects an
eventual Greek restructuring in 2012. In the near-term, BarCap figures enough
will be done to kick the can down the road and allow for some recapitalization
of the European banking system. That of course depends on some austerity being
passed, which Kantor said “is far from assured, though we think it will
happen.” And even once such a package is passed it only buys time. Actually
fixing the fiscal condition of Greece is not something that can be solved in a
matter of weeks, or even months.
Thursday
afternoon’s report may just be the latest noise on the inexorable path toward
restructuring – after all, we have been talking about Greek debt for more than
a year at this point and have yet to see anything resembling a long-term
solution (See “Why
Euro Debt Matters”) – but that didn’t stop investors to take the
opportunity to snap up battered stocks that had been languishing for much of
the session.
By the close
the major indexes were well off their lows, with the Nasdaq popping into
positive territory, up 18 points to 2,687, the Dow Jones industrial average
down just 60 points at 12,050 and the S&P 500 off 4 points at 1,284.
Earlier, the Dow had lost more than 200 points.
Thursday’s
earlier slide was driven in part by the Obama Administration’s decision to tap
the U.S. Strategic Petroleum Reserve for some 30 million barrels of crude oil,
as part of a move by the International Energy Administration to stem the impact
of the production lost from Libya this year. That move hindered energy stocks,
with Exxon Mobil and Chevron the two biggest losers on the Dow as crude dropped
to $91.82 a barrel.
Meanwhile,
talks over the U.S. debt ceiling involving Vice President Biden collapsed
Thursday, with lawmakers calling for President Obama to take a more central
role in the negotiations.’
STOCKS
MAKE INCREDIBLE COMEBACK AFTER HUGE PILE OF BAD NEWS: Here's What You Need To
Know Business Insider [ You need to know that the bad news is at
least reality and probably worse, and that tomorrow, etc., the b***s*** spurring rally will still be b***s***! ]
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed!
China
Formally Working With IMF To Avoid Eurozone Restructuring Step aside IMF,
China is now in the driver’s seat. Officially.
Ron Paul
Holds Hearing on Gold Audit Bill Ron Paul wants to shine a light on
America’s gold reserves.
Geithner:
Taxes on ‘Small Business’ Must Rise So Government Doesn’t ‘Shrink’ Treasury
Secretary Timothy Geithner told the House Small Business Committee on Wednesday
that the Obama administration believes taxes on small business must increase so
the administration does not have to “shrink the overall size of government
programs.”
National / World
Texas Lawmakers AWOL For Vote On TSA Groping Bill Paul
Joseph Watson | More dirty tricks by feds who previously intimidated
Senators with threats of federal blockade?
House Rejects Resolution Authorizing U.S. Mission in
Libya NYT | The House on Friday resoundingly
rejected a measure that would have authorized the United States’ mission in
Libya.
Documents Reveal Canadian Cops Used Agents Provocateurs
to Disrupt 2010 G20 Kurt Nimmo | Heavily redacted
documents indicate RMCP disrupted protest activity.
Obama Administration Caught Running False Flag Against
Second Amendment Paul Joseph Watson | Most damning
evidence indicates Operation Fast and Furious was a deliberate assault on gun
rights.
Pentagon Moves to Expand War in Pakistan Kurt
Nimmo | U.S. claims Pakistan is crawling with al-Qaeda as it moves to
intensify conflicts in the lead-up to World War 3.
Perry Supporter Claims Alex Jones Works For Obama Paul
Joseph Watson | In accusing Infowars of being an Obama propaganda
front to disseminate conspiracy theories about Rick Perry, Dallas Blog writer
Tom McGregor invents the most ludicrous conspiracy theory of them all.
Al Gore, Agenda 21 And Population Control The
American Dream | Imagine going to sleep one night and waking up many
years later in a totally different world.
Retirement As We Know it Is “Dead”: EuroPacific’s Pento Daily
Ticker | An increasing number of Americans are worried about their
retirement.
GOP
demands meeting with Obama on taxes Congressional Republicans abruptly pulled out of debt-reduction
talks with the White House after seven weeks of negotiations. (Washington Post)
[ Ooooh! The lines in the sand are drawn … a principled stand we see … what
total b***s*** … all of them … democrats / republicans … for the sake of whom?
… the frauds on wall street … I want just one person with courage enough to
stand up and explain to all that these huge commissionable computerized trading
volumes like never before are a net negative in a very big way … that’s a fact
… that’s economic reality in real terms … then explain in cogent, fact-based
fashion beyond the war mongering rhetoric how the trillions spent on these
contrived and illegal (ie., Iraq, etc.) wars are worth the trillions spent bankrupting
this nation and spilling innocent blood and including as well, the blood of
u.s. soldiers. Then explain how the frauds on wall street by the biggest frauds
remain unprosecuted. Pathetic! Truly pathetic!
The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed! They’ve
used the contrived mideast turmoil and their wars to obfuscate and divert
attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan; indeed they are. [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones
FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of
it and in fact continues most of the policies that helped get us here in the
first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billiions from the fraud ).
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Permanent
U.S. Iraq and Afghanistan Occupations Planned Stephen Lendman
| In total, known Pentagon bases way exceed 1,000.
The Plan to Destabilize
Syria Thierry Meyssan | Efforts to overthrow the Syrian
government have a lot in common with what has been undertaken in Libya.
US
official urges ‘immediate’ power transfer in Yemen AFP |
Top US official Jeffrey Feltman called Thursday for an “immediate” transfer of
power in Yemen.
Drone
Airplane Crashes Into Roof Of Damaged Fukushima Reactor #2 Fukushima, which
has yet to be wrapped up into the world’s most surreal Christo project, has now
entered the realm of the sitcom farce.
Mexican
troops cross into the United States A convoy of three military trucks
loaded with Mexican soldiers crosses the border at Bridge Number Two clearly
violating international law.
Pentagon
Moves to Expand War in Pakistan Now that Obama will go into the silly
season of American presidential politics claiming he ended the occupation of
Afghanistan, it is time for the Pentagon to get serious about its effort to
destabilize Pakistan and prepare for the next world war.
Perry
Supporter Claims Alex Jones Works For Obama Following our exposé of
potential Republican presidential candidate Rick Perry’s globalist leanings,
several neo-con news outlets reacted with a mixture of contempt, fury and in
one case, outright frothing idiocy, by claiming that Alex Jones and Infowars
were fully paid-up propagandists for the Obama 2012 re-election campaign.
Obama’s
Drawdown Speech: More Orwellian Lies Obama begins his speech by claiming
Osama bin Laden and al-Qaeda attacked the United States on September 11, 2001.
Like his predecessor, the government, and the corporate media, he does not offer
any evidence but simply states it as fact.
The War President Barack Obama,
once hailed as the anti-war president, was awarded the Nobel Peace Prize
for—supposedly—his extraordinary efforts to strengthen international diplomacy
and cooperation between people.
Robinson:
Why does the Afghan war go on? (Washington Post) [ Well, there’s one person who minces no words
as to why: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel. Then there are, beyond the
regional proximity to oil and an american induced resurgent poppy / heroin
production / trade (the Taliban had all but eradicated same). After all,
pervasively corrupt, defacto bankrupt america is into the illegal drug trade in
a very big way. Obama’s Drawdown Speech: More Orwellian Lies Kurt
Nimmo | The U.S. government has no intention of ending the war and
bringing home all of the troops. Obama:
Time for ‘nation building’ at home
‘Surge’
troops to be ordered home Departure
plan will remove 33,000 troops faster than Obama’s commanders requested but
more slowly than many of his political allies would like. (Washington Post) [
Well, in a certain sense he’s chronologically correct … finish the job of
destruction at home … yeah … it’s true … they haven’t the slightest idea what
they’re doing and no matter what or where, pervasively corrupt, defacto
bankrupt america’s touch is an invariably destructive, negative touch (‘nation
building’ the coy, euphemistic phrase for what is in fact ‘nation destroying’,
regardless of spin, propaganda, and outright lies). Obama’s
task: Keep support for Afghan war The president’s prime-time address on
plans to gradually withdraw troops must remind a skeptical electorate and a
concerned Congress that the country’s longest war remains worth fighting — and
funding. (Washington Post) [ Obama’s task? Support for this nation’s
self-bankrupting Afghan (among other) war(s)? Geeh! Silly me! And all the while
I thought wobama’s task was to bring to fruition all those laudable campaign
promises; viz., jobs / economy not wars, prosecution of the frauds on wall
street responsible for the crisis, etc.. What a total fraud wobama is. Obama’s
semantics draw criticism on Libya (Washington Post) [ Semantics? If it were
only wobama’s semantics that drew criticism. But, one must concede that when
fellow black Farrakhan is weighing in thusly: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel.
(I wonder what Chinese mascot ‘the black mamba’ has to say ‘The Chinese people's love of
american basketball star Kobe Bryant’…Kobe Bryant China The Kobe dynasty - Los
Angeles Times
Aug 20, 2008 ... Beijing It's Kobe's team, in China, anyway… Sprite
China: Kobe Bryant & Jay Chou Music Video –
Advertising ... Feb 23, 2011 ... Sprite China has paired up NBA Star Kobe Bryant of the LA Lakers … who has supplanted their own
’yellow / red bamba’; viz., Yao Ming.), wobama’s really got problems (you know,
that unflinchingly loyal 18%). Sen.
Conrad: $2 trillion not enough
Democratic chairman of budget committee is pushing for deeper cuts in
any debt-reduction deal. Lawmakers
fear time is running out to slice $2 trillion from the budget In six weeks,
negotiators must strike a bipartisan compromise and persuade a bitterly divided
Congress to support it. (Washington Post) [ Ah, there you have it. That
nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in savings
by 2021 to avoid a debt crisis. Others view $2 trillion as impossibly
ambitious...more borrowing authority for a nation already mired in red
ink.’…Some have been less than optimistic in their prognosis Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
World
War III Defined: Wider War Unfolding in Middle East It’s time to identify
the unfolding Middle East crisis for what it is– a wider world war. Alex Jones
analyzes the more than nine years of expanding middle east conflict since 9/11,
with the U.S. now engaging in 5 simultaneous proxy wars including Iraq,
Afghanistan, Libya, Pakistan and Yemen.
What
else is radical in Pakistan Expressing pro-America sentiments requires a
degree of boldness that verges on a death wish. (Washington Post) [ And believe
it, not just Pakistan. After all, empathy / ability to empathize is what
supposedly in large part separates humans from other purportedly lower animals.
What would be the attitude of an american in america to a similarly
destructive, murderous force from abroad in america, you know, boots on the
ground as well as bombing (and not that contrived ‘pearl harbor event’ on 911
for the sake of the military industrial complex, israel, and neocon talking
points – who gave that stand-down order)? Indeed, this would be untenable
position for any foreign nation much less the pervasively corrupt, high crimes,
war crimes, meaningfully lawless nation in decline and fall america has become.
After all, america’s hardly the shining beacon of light in the world today as
viewed domestically as well as internationally, and infra, america has the
crime stats to prove it. Then there’s the defacto bankruptcy of america which
is lost on no one and no nation. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature.. Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations
are regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall. .. Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.;more specifically, diversion of the
masses from the glaring failures, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
U.S.
Senate investigates claim CIA tried to smear U-M prof NIRAJ WARIKOO
| “Depending on what we find, we may take further action,” said Dianne
Feinstein.
Nicolas
Sarkozy accuses Robert Gates of ‘bitterness’ The Telegraph
| Gates criticized European allies for the reliance on the US military, warning
them that they were putting Nato’s future at risk.
Mob
boss brought back to Boston; will he sing? DENISE LAVOIE BOSTON (AP) — James "Whitey"
Bulger's capture could cause a world of trouble inside the FBI.
The
ruthless Boston crime boss who spent 16 years on the lam is said to have
boasted that he corrupted six FBI agents and more than 20 police officers. If
he decides to talk, some of them could rue the day he was caught.
"They
are holding their breath, wondering what he could say," said Robert
Fitzpatrick, the former second-in-command of the Boston FBI office.
The
81-year-old gangster was captured Wednesday in Santa Monica, Calif., where he
apparently had been living for most of the time he was a fugitive. He appeared
Friday afternoon inside a heavily guarded federal courthouse in Boston to
answer for his role in 19 murders.
Bulger,
wearing jeans and a white shirt, looked tan and fit and walked with a slight
hunch at back-to-back hearings on two indictments. He asked that a public
defender be appointed to represent him, but the government objected, citing the
$800,000 seized from his Southern California apartment and his "family
resources."
"We
think he has access to more cash," said prosecutor Brian Kelly.
At
the second hearing, Bulger took a swipe at prosecutors after Magistrate Judge
Marianne Bowler asked him if he could afford to pay for an attorney.
"Well,
I could, if they would give me my money back," he replied in his
unmistakable Boston accent, prompting laughter in the courtroom.
Kelly
implied that Bulger's cash came from illegal activities.
"He
clearly didn't make that on a paper route on Santa Monica Boulevard," he
said.
Prosecutors
asked that Bulger be held without bail, saying he is danger to the community
and may try to threaten witnesses.
"He's
also, quite obviously, a risk of flight," Kelly said.
Kelly
also said Catherine Greig, Bulger's longtime girlfriend who was arrested with
him, told court officials that Bulger's brother may be willing to assist him in
posting bail.
Bulger
did not ask for a detention hearing, but his lawyer said he may later make an
argument that Bulger should be released on bail while awaiting trial.
The
amount of money found in Bulger's apartment confirmed a longheld belief by
investigators that he kept large stashes of cash for a life on the run.
"We
clearly don't think this is his last stash," Kelly said.
When
Bulger walked into the courtroom, he saw his brother William, the former
powerful leader of the state Senate, seated in the second row. Whitey Bulger
smiled at him and mouthed, "Hi." His brother smiled back.
Greig
appeared in court a few minutes later on charges of harboring a fugitive. She
asked for a hearing to determine whether she can be released on bail, and one
was scheduled for next week.
Bulger,
the former boss of the Winter Hill Gang, Boston's Irish mob, embroiled the FBI
in scandal after he disappeared in 1995. It turned out that Bulger had been an
FBI informant for two decades, feeding the bureau information on the rival New
England Mafia, and that he fled after a retired Boston FBI agent tipped him off
that he was about to be indicted.
The
retired agent, John Connolly Jr., was sent to prison for protecting Bulger. The
FBI depicted Connolly as a rogue agent, but Bulger associates described more
widespread corruption in testimony at Connolly's trial and in lawsuits filed by
the families of people allegedly killed by Bulger and his gang.
Kevin
Weeks, Bulger's right-hand man, said the crime lord stuffed envelopes with cash
for law enforcement officers at holiday time. "He used to say that
Christmas was for cops and kids," Weeks testified.
After
a series of hearings in the late 1990s, U.S. District Judge Mark Wolf found
that more than a dozen FBI agents had broken the law or violated FBI
regulations.
Among
them was Connolly's former supervisor, John Morris, who admitted he took about
$7,000 in bribes and a case of expensive wine from Bulger and henchman Stephen
"The Rifleman" Flemmi. Morris testified under a grant of immunity.
In
addition, Richard Schneiderhan, a former Massachusetts state police lieutenant,
was convicted of obstruction of justice and conspiracy for warning a Bulger
associate that the FBI had wiretapped the phones of Bulger's brothers.
Edward
J. MacKenzie Jr., a former drug dealer and enforcer for Bulger, predicted that
Bulger will disclose new details about FBI corruption and how agents protected
him for so long.
"Whitey
was no fool. He knew he would get caught. I think he'll have more fun pulling
all those skeletons out of the closet," MacKenzie said. "I think
he'll start talking and he'll start taking people down."
A
spokesman for the Boston FBI did not return calls seeking comment. In the past,
the agency has said that a new generation of agents has replaced most or all of
the agents who worked in the Boston office while Bulger was an informant.
A
law enforcement official who requested anonymity because of the ongoing
investigation told The Associated Press on Friday that FBI agents lured Bulger
out of his., apartment earlier this week by telling him someone had broken into
his on-site storage unit. The official said Bulger walked out of the apartment,
was arrested without incident and consented to a search of the premises.
Some
law enforcement officials said they doubt Bulger will try to cut a deal with
prosecutors by exposing corruption, in part because he will almost certainly be
asked to reveal what contact he had with his brothers while he was a fugitive
and whether they helped him in any way.
"If
Bulger talks, he would have to talk about his brothers, and I can't see that
happening, said retired state police Detective Lt. Bob Long, who investigated
Bulger in the 1970s and '80s."They are not going to take selective
information from him — it's either full and complete cooperation or
nothing."
Criminal
defense attorney and former Drug Enforcement Administration agent Raymond
Mansolillo said Bulger may not have any incentive to talk. "The FBI may
say, 'You're going to jail or you're going to be killed. We're not offering you
anything,'" said Mansolillo, who once represented New England crime figure
Luigi "Baby Shacks" Manocchio.
But
retired Massachusetts state police Maj. Tom Duffy, one of the lead
investigators in the Bulger case, said Bulger may agree to talk if he thinks it
could help his girlfriend.
"It's
very possible he's concerned about her well-being — she was with him for 16
years and was very loyal to him," Duffy said. "That may be a
bargaining chip for the government during negotiations."
The
question of whether Bulger will be given a public defender will be decided
later. A hearing was scheduled for Tuesday. He did not enter a plea.
Bulger
is "looking forward to facing the charges against him," said Peter
Krupp, a lawyer assigned to represent Bulger for purposes of Friday's hearing
only.
Among
the onlookers at the courthouse was Margaret Chaberek, who grew up in Bulger's
home turf of South Boston. "I'm here to see him get what he
deserves," she said.
Ina
Corcoran of suburban Braintree came on her day off to witness a piece of
history and sat on a bench outside the fifth-floor courtroom, saying it was
like being there to see Al Capone.
"If
you could go back in time to be in that courtroom, wouldn't you?" she
said.
___
Associated
Press writers Johanna Kaiser, Laura Crimaldi in Providence, R.I., Curt Anderson
in Miami and Greg Risling in Los Angeles contributed to this report.’
STOCKS
MAKE INCREDIBLE COMEBACK AFTER HUGE PILE OF BAD NEWS: Here's What You Need To
Know Business Insider [ You need to know that the bad news is at
least reality and probably worse, and that tomorrow, etc., the b***s*** spurring rally will still be b***s***! ]
Joe Weisenthal, On Thursday June 23, 2011, 4:00 pm EDT
It could have
been a real disaster today!
But first, the
scoreboard:
Dow: -53.16
NASDAQ: +18.46
S&P 500: -3.14
And now, the
top stories:
- So much news today, almost none of it good,
starting yesterday with yesterday's Bernanke comments about there being no QE3 on the horizon.
That really got things going. It cut short yesterday's rally, and lead to
a huge dollar surge.
- Then last night, there were reports about the Greek austerity deal being in trouble, thanks to a
"hole" in the projections, and the fact that the new Greek FinMin is making enemies of everyone else in
Europe. The dollar rallied more.
- The morning in Europe was a total mess. Portuguese and Irish yields blew out to new records.
Equity indices continued to fall. A major Greek union announced a big general strike on the same day as the upcoming
austerity vote.
- (Meanwhile, PMI data in both China and Europe
was bad)
- In the US, there were more unhelpful headlines.
Initial claims were ugly. The Chicago Fed index was mediocre, and the big
one: The debt ceiling negotiations have collapsed, as
we inch ever closer to that drop-dead day August 2.
- At 9:00 AM ET, the IEA dropped a huge shocker:
The US and other countries would be opening their strategic petroleum
reserves. Oil had already been dropping, and this just made the selling
more aggressive. Naturally Obama was slammed for using
"emergency" reserves during a period of merely tight supply. Big
oil companies got crushed.
- Early on, the Dow was down 200 points.
- And yet... the markets were amazingly resilient.
The NASDAQ actually closed green on a big rally in tech. Apple, which has
been laggy lately, was a big gainer. The Russell 2000 had a shockingly
strong day as well.
- Late in the day: Markets caught a bid on news
that the Greek government had agreed to a deal on austerity
with the EU, but it really isn't that important, since the real hurdle is
the austerity voting. Still, it helped ease the pain a little bit.
Financial
sector layoffs rise, more cuts ahead (Reuters)
Losing
Another Decade Bill Bonner ‘Great Speculations Buys, holds, and hopes An
article in The Financial Times tells
Americans they may face a “lost decade,” like the Japanese in the ’90s…Energy
use in the US peaked in 1997. Real US GDP peaked a few years later. Since then,
it’s been downhill for the economy.From memory…US GPD didn’t hit 10 trillion
dollars until about 2000. Now, it’s about $14 trillion. Nice growth, huh? But
wait. We know that a lot of that was phony, debt-fueled growth. It was phony
because it raised living standards to a level that people couldn’t really
afford. Or to look at it another way, it drew on earnings that hadn’t happened
yet…and maybe never would. But how much of that $4 trillion worth of GDP is
real and how much is phony? We don’t know. But we note that the federal deficit
is about $1.5 trillion, which is as phony as a $3 bill. Subtract that and you
have a gain of $3.5 trillion over 10 years…or about $350 billion per year.Let’s
see, adjust that for population growth. Subtract phony private sector
debt-fueled growth too. And properly adjust for inflation. What do you get? You
get a lost decade. Another Lost Decade
by Bill Bonner originally appeared in the Daily
Reckoning.’
New
Home Sales Dropped This Much in May Wall St. Cheat Sheet
Federal
Tax Receipts Show Economy Grinding to a Halt
Technicals
Knew what Bernanke Didn't: Stocks will Tank! But How Much? Simon
Maierhofer June
23, 2011
The more FOMC
meetings go by, the more they remind me of cotton candy.
Every meeting
gets hyped up and whets your appetite for solid tidbits of financial guidance,
yet every FOMC meeting leaves me unfulfilled and unsatisfied, just like cotton
candy. There's much fluff but no substance.
For what it's
worth, lets dissect some of Bernanke's statements and its implications for
stocks. More importantly, we'll take a look at what the stock market has said
and will say, and how this matches up to technical analysis. You may be
surprised just how accurate the market's subtle signals have been.
About QE3
Bernanke said
that a new asset purchase program (something like QE3) won't be discussed for
at least another two to three FOMC meetings (the next FOMC meetings are
scheduled for August 9, September 20, November 1, 2).
He added that
the economy is in a different position today than it was last year.
Interestingly, he specifically noted that today's situation is just that,
different, but not where they'd like it to be. In other words, no QE3 is needed
right now.
About
Banks
Bernanke
didn't specifically talk about bank's health, but mentioned this: 'We don't
have a precise read on why this slower pace of growth is persisting. Maybe some
of the headwinds like weakness in the financial sector ... are stronger than we
thought.'
It seems like
Sherlock hit the head on the nail there. Of the 7,574 federal insured banks,
11.7% are on the FDIC's problem list. It is not surprising that the Financial
Select Sector SPDR (NYSEArca: XLF
- News), the SPDR KBW Bank ETF
and the SPDR KBW Regional Banking ETF (NYSEArca: KRE - News) trade below their 200-day
moving average.
About GDP
The 2011 Gross
Domestic Product (GDP) forecast was cut to a range of 2.7% - 2.9% from a prior
range of 3.1% - 3.3%. 2012 GDP has been revised to a range of 3.3% - 3.7% from
3.5% - 4.2%.
Keep in mind
that government spending accounts for 26% of GDP. Furthermore, GDP does not
distinguish how government spending is financed. Yes, all the government
spending that has brought the country to the brink of insolvency is reflected
in GDP. It's time to rethink using GDP as the ultimate economic growth
indicator.
About
Treasuries
There's much
speculation about the future direction of long-term Treasuries. I could add my
own two cents to the mix, but quite frankly at this point there is no high
probability set up.
However, I see
that the iShares Barclays 20+ Year Treasury ETF (NYSEArca: TLT - News) is above the 50 and 200-day
moving average and barely above the 20-day MA. But TLT is also below a trend
line that has rejected all advances for over 3-months.
Any major move
will either have to break below the 20-day MA or above the trend line. Knowing
this allows us to formulate high probability trading strategies (detailed
analysis on TLT and Treasury available via the ETF Profit Strategy Newsletter).
About
Europe
Here's how
Bernanke summed up the situation in Europe: 'Failure to resolve the Greek
situation would pose threats to European and global financial systems and
European political unity. It's one of several potential financials risks we are
facing.' Does Benny B. think the European debt situations is worse than the
media leads us to believe?
About the
only Authority
There are many
opinions about what stocks (NYSEArca: VTI - News) may or may not, or should
or should not do. But none of that matters, because the final and only
authority is the market itself. That's why it makes sense to listen to the
market and to the market only.
The chart
below lists various support/resistance levels for the S&P 500 (SNP: ^GSPC).
To keep it simple, I've omitted various weekly and monthly pivots. It's
important to note that we don't draw trend lines or Fibonacci levels, the
market does. We simply connect the dots. It doesn't matter if you analyze the
S&P, the Dow Jones (DJI: ^DJI), the Nasdaq (Nasdaq: ^IXIC) or the Russell
2000 (Chicago Options: ^RUT).
http://www.etfguide.com//contributor/UserFiles/8/Image/spx%206%2023%2011.gif
In hindsight
it's always easy to interpret why the market did what. Let's take a look at
what the ETF Profit Strategy Newsletter said about the various
support/resistance levels shown in the chart BEFORE the S&P encountered
them.
April 3, about
S&P 1,369: 'There is strong Fibonacci resistance at 1,369. In terms of
resistance levels, the 1,369 - 1,xxx range is a strong candidate for a reversal
of potentially historic proportions.'
May 3, about
S&P 1,369: Recommendation to short the S&P against 1,369 with a tight
stop-loss. The S&P topped the very next day at 1,370 and tumbled over 110
points thereafter.
June 5, about
S&P 1,298: 'A close below 1,298 would open the door for a retest of the
important 1,255 Fibonacci level. Anyone who is not short but wants to be may
take a short position if the S&P moves below 1,298 with a stop-loss at
1,304.' The very next day the S&P sliced through 1,298 support and fell as
low as 1,258.
June 15, about
S&P 1,259: 'The 200-day SMA at 1,257 is sandwiched between the 1,255
Fibonacci projection level dating back to 2002 and this week's s1 at 1,259.
Wednesday's low was at 1,261.9. If this low is not enough, there is a strong
cluster of support at 1,259 - 1,245. A drop into the 1,259 - 1,245 range would
prompt us to close out short positions and leg into long positions.'
The next day
the S&P bottomed at 1,258 and rallied as high as 1,298.
June 21, about
S&P 1,298: The S&P triggered a bearish low-risk entry. The
recommendation was to go short with a stop-loss at 1,299. If you enjoy more
technical lingo, here is the original trade tip:
'The trade
based on percentR is to go short with a stop-loss (based on closing prices) at
today's high (1,297.62). Because of the close proximity to the Fib level at
1,298.5, let's put the stop-loss at 1,299.'
Leading up to
Bernanke's speech, the S&P traded as high as 1,298.61 and faded away.
June 22, about
new lows: 'There is only one support level between yesterday's close and the
200-day SMA at 1,262. If the market is going to drop that far, it will probably
take out the 1,259 low and minimally test the 1,255 Fibonacci support or the
1,250 trend line.'
Cotton
Candy or the Real Deal
There is no
doubt that QE2 has altered the performance of stocks (NYSEArca: IVV - News) and commodities (NYSEArca: DBC - News). The absence of QE2 will
probably alter their performance as well.
But I don't
use the cotton candy-like analysis provided by Mr. Bernanke or Wall Street.
Listening to the market has proved far more effective…’
UPDATE
1-High yield bond funds suffer record outflow-Lipperat Reuters
China data show almost
flat growth: HSBC 23 June 2011 China’s manufacturing
activity eases in June to its slowest rate of expansion in 11 months, barely
above ...
AAII
Survey: Has The Economy Merely Slowed Or Are We At Risk Of Double-Dip
Recession? at Forbes
AAII
Sentiment Survey: Do Investors See a Double Dip Recession? Wall St.
Cheat Sheet June 23, 2011 Bullish
sentiment , expectations that stock prices will rise over the next six months,
jumped 8.5 percentage points to 37.5% in the latest AAII Sentiment Survey. This
is an eight-week high for optimism that stock prices will rise over the next
six months. It is also, however, the 10th consecutive week that bullish
sentiment has been below its historical average of 39%.
Neutral
sentiment , expectations that stock prices will stay essentially flat over the
next six months, declined 1.4 percentage points to 26.8%. The historical
average is 31%.
Bearish
sentiment , expectations that stock prices will fall over the next six months,
dropped 7.0 percentage points to 35.7%. This is a three-week low for pessism.
Nonetheless, bearish sentiment is above its historical average for the 17th
time in 18 weeks.
An end to the
market’s six-week losing streak gave individual investors hope that stock
prices are stabilizing. Even with the improvement in sentiment, pessimism
remains high and is above average for the longest period of time in
approximately a year. (Bearish sentiment never dipped below 30% during the
18-week period of from May 13 to September 9, 2010.) The failure of Washington
to reach an agreement on the debt ceiling and the slow pace of economic growth
remain key concerns for individual investors.
This week’s
special question asked AAII members if the economy has merely slowed or if the
risks of a double-dip recession have increased significantly. Approximately
two-thirds of respondents said the economy has slowed, but will not fall into a
double-dip recession. One-third said the risks of a double-dip recession have
increased.
Here is a
sampling of the responses:
- “The economy has only slowed—it would take
another economic shock to take us back into a recession.”
- “The economy has merely slowed, in part due to
Washington’s wrangling. Resolve the debt ceiling so we can move on.”
- “The risk of another recession has increased,
but I believe there is still less than a 50% chance of it occurring in the
next 12 months.”
- “The risks of a double-dip recession have
significantly increased. The government does not know how to fix the
economy.”
- “However the recession is described, the economy
cannot recover until millions of decent paying jobs are created.”
This
week’s AAII Sentiment Survey results
- Bullish: 37.5%, up 8.5 percentage points
- Neutral: 26.8%, down 1.4 percentage points
- Bearish: 35.7%, down 7.0 percentage points
Historical
Averages
- Bullish: 39%
- Neutral: 31%
- Bearish: 30%
Charles Rotblut
is the author of the new book Better
Good than Lucky: How Savvy Investors Create Fortune with the Risk-Reward Ratio. The
AAII Sentiment Survey has been conducted weekly since July 1987 and asks AAII
members whether they think stock prices will rise, remain essentially flat, or
fall over the next six months. The survey period runs from Thursday (12:01
a.m.) to Wednesday (11:59 p.m.). The survey and its results are available
online at http://www.aaii.com/sentimentsurvey
‘
Asian stocks pressured after Fed outlook
Top 3
Reasons Markets Fell After Bernanke’s News Conference Minyanville's
T3 Daily Recap: Market Slumps as FOMC Votes to End QE2, Lower GDP Estimates T3Live.com Jun
22, 2011 ‘The market was unable to build on yesterday's strong oversold bounce,
turning lower in the afternoon after Ben Bernanke's Fed policy press conference.
The FOMC voted unanimously to end the $600 bond buying package famously dubbed
QE2, and maintained the same "extended period" language in regards to
keeping rates low. Perhaps the curveball that concerned investors was a
downward revision of GDP growth forecasts, which come as a result of the slower
than expected economic recovery. Several leading stocks from yesterday were
able to push higher early, but most put in nasty tails that could signal some
downside or choppy action to come in the immediate future.
Amazon.com, Inc. (AMZN)
was actually weak from the get-go, falling back down into its 50-day moving
average. Apple Inc. (AAPL)
was strong in the first half hour but quickly turned down, depriving the market
of its leader. [I like apple (the first computer I ever bought) and was rooting
for them (not just because wintel based pc’s are so pathetic) and glad they
survived; but, apple / apple products are significantly over-priced and
over-valued which is the purblind sizzle fraudulent wall street loves
and sells, as in the last few crashes.] The ags got hit
as wheat and corn were down again. Precious metals lost momentum as the Fed,
for the time being, ended their inflationary asset buying program. Expect some
digestion and choppy action in the coming days, especially ahead of Friday's
Greece vote, where the market will hope the troubled country can pass the
latest round of austerity measures.’
Is
The Bull Market Over? [ Short answer, Yes! ] at Forbes William Scott O'Neil ‘On
May 23, I posted an article on Intelligent Investing titled Is the Bull Market Topping? Since then I’ve continued to interpret the facts and
market action. Amidst persistent choppy gains and losses, I’m further convinced
of a downtrend.
In our shop,
however, we never dig in our heels when it comes to the stock market; we remain
flexible in our thinking. Quite frankly, I would love to have the market prove
me wrong and resume a meaningful uptrend. Remember, there is never really a
bull or bear side, just the right side.
However, my
big concern at this point is the lack of a catalyst. For the risk-reward ratio
to improve in our favor, I believe we need resolution on some of the more
pressing domestic and international issues. Some of the most respected minds in
the market have recently told me that, in all their years in the industry, they
have never seen so many major issues happening across the world at the same
time.
Certainly
meaningful job growth in this country would help. And the way to grow jobs is
through the creation and expansion of businesses, particularly small
businesses. Small business creates roughly 85% of all jobs in this country. We
also have to implement an effective solution to the real estate housing glut.
Studying the
recovery phase of the last seven major bear markets (those down 45% or more,
peak to trough), the average gain in year three was 3%. We are now in year
three. So, to me, the best-case scenario right now is a continuation of a
sideways, back-and-forth, volatile market, which is the most dangerous type.
A choppy
market is much more dangerous than a down trending market (assuming the
investor uses selling rules). Thus my interpretation of the risk-reward at this
time is very, very poor.
We will
inevitably get several short-term bounces, but will they be significant enough
to build substantial positions over time?’ [ Short answer, No! ]
Crumbling
Cuba Offers Economic Advice to White House at Minyanville [ The irony
here is so obvious that I’ve not even wasted space. Communism is such a total
fraud, where ‘everybody’s equal except some bureaucrats / party-members are
‘more equal’ than others’. Yet, pervasively corrupt, defacto bankrupt america
is no longer the antithesis of said failed ideology, but rather also now a
failed regime on similar theme where bureaucrats / party-members and those
connected, financially or otherwise, to them are ‘more equal’ than others’. As
for the pictures, you can find plenty just like them right here in the ‘good
ole u.s. of a.’
Infographic:
Some People Call it Groupon, Some Call it "Grouponzi" Minyanville Staff June 22, 2011 ‘A
game-changing Minyanville article about Groupon's business model was part of
the inspiration behind this clever infographic. [ ‘It is a well done graphic which you
can check out here by clicking’ ]
Jim
Cramer Hitting His Most Bearish Notes at Forbes Heather Struck [ As
I’ve previously been saying, yes this is a secular bear market!
Retirement
As We Know it Is “Dead”: EuroPacific’s Pento The Daily Ticker [ States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 … And that’s just the
part of the public sector that’s on the radar owing to budget scrutiny … the
reality is much worse across the board! ]
‘We
now have more idle men, women than at any time since Great Depression’ Mortimer
B. Zuckerman | The Great Recession has now earned the dubious right of
being compared to the Great Depression.
Internal
IMF Audit Finds Bailout Fund Has Zero Credibility Zero Hedge
| The observation that the IMF has no credibility whatsoever has been well
known for a long time by all market skeptics.
Wall Street
made out on QE2, Main Street lost Brett Arends | Federal
Reserve’s $600 billion program of “quantitative easing” has been great for Wall
Street.
Fed
freezes policy despite slow US economy AFP | The Federal
Reserve left monetary policy in neutral as it slashed US economic growth
estimates.
Jobless claims
rise more than expected Reuters | Little improvement in
the labor market this month after employment stumbled in May.
Greeks Turn Savings To
Gold Gold Core | Greek citizens are emptying savings
accounts and buying gold as they brace themselves for the possibility of a
sovereign default and a run on the banks.
Jobless
Claims in U.S. Rise More Than Expected More Americans than forecast filed
first-time claims for unemployment insurance payments last week, showing
companies are less confident about the expansion than they were earlier this
year.
Bernanke
Is Either Not Very Bright or Not Very Honest. He Admits He Doesn’t Know Why We
Have a Weak Economy … But He’s the One Who Weakened It It is obvious to
anyone who has been paying attention what’s causing the slow down, and if Mr.
Bernanke doesn’t know, he should be fired.
Chance
Didnt Create The Current Economic Crisis What the world is experiencing
today did not happen by chance, it was planned that way.
Another
Exchange Halts Levered OTC Gold And Silver Trading Last week it was Forex.com,
now it is Oanda. As a reminder “Forex.com, a large retail foreign-exchange
operation, on Friday told clients it will discontinue its gold and silver
over-the-counter products marketed to retail investors who are U.S. residents.
Fed:
Economy has lost momentum Central bank says it will keep interest rates
near zero to prop up growth, let bond program expire. (Washington Post) [
Reality bites … just wait till it really does … lost momentum? … sure could
have fooled us, Drudgereport: Zuckerman:
'We now have more idle men, women than at any time since Great Depression'...
Bernanke
speaks, stocks sink...
FORBES:
'Admits he's clueless'...
TEMPLETON
chairman: Financial Crisis 'Around Corner'...
'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
CHINA:
USA 'ALREADY DEFAULTING'...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
THE
NEW 'NORMAL'
GALLUP
PLUNGE...
Approval
-4, disapproval +5 -- in one day!
DEM
FIX: MORE SPENDING!
CBO:
Long-Term Debt Picture Worsens...
Would
reach 101% of GDP by 2021...
STUDY:
State, local gov'ts must raise taxes $1,400 a year for
30 years to fund pensions...
Millionaires
shrug off downturn; Wealthy richer than before crisis...
… must be using micrometers to measure the difference, and at what cost
for the head fake / obfuscation, and with much worse to come, let’s all now in
unison get real : Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed! The previous so-called (4
day) ‘rally’ was based on b***s*** alone to keep the suckers suckered and for
‘smarter money ‘ along with the frauds to sell into. This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times.
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘
National / World
Obama’s Drawdown Speech: More Orwellian Lies Kurt
Nimmo | The U.S. government has no intention of ending the war and
bringing home all of the troops.
Traitorous
Greek Government Accepts IMF Debt Slave Package Greeks seething after two
years of belt-tightening reacted in anger Thursday against a new round of tax
rises and spending cuts worth some 3.8 billion euros which they said would
again hit honest taxpayers hardest.
Is Alex Jones blocked in Greece? Infowars
| Infowars.com has received numerous reports that our family of websites are
being blocked in Greece during this critical time of debt crisis coverage.
TSA Set To Take Legal Action Against Texas Groping Ban Paul
Joseph Watson | Bill that would criminalize invasive pat downs set for
hearing on Friday.
TSA Lies About Policy “Change” On Child Pat Downs Steve
Watson | “New” Child Pat-Down Policy Was Already Announced 8 Months
Ago, Was Repeatedly Violated.
British and French Operatives Assigned to Hunt Gaddafi
Down and Kill Him Kurt Nimmo | Orders given by
Mafia dons Cameron and Sarkozy.
World War III Defined: Wider War Unfolding in Middle East
Infowars | It’s time to identify the unfolding
Middle East crisis for what it is– a wider world war.
New Study Finds Direct Link Between Vaccines and Infant
Mortality Paul Joseph Watson | United States, which
administers highest number of vaccines in developed world, also has highest
number of infant deaths in developed world.
Chance Didn’t Create The Current Economic Crisis Bob
Chapman | What the world is experiencing today did not happen by
chance, it was planned that way.
Parties
at odds on debt reduction Congressional leaders from both parties make new
and competing demands in exchange for their votes to raise the nation’s debt
limit. (Washington Post) [ Oh,
riiiiight! That ‘cute, oft-referenced horse trading’ that goes down on capital
hill. How adorable these lovable slugs are as we wait expectantly for someone in
‘Bill Murray-like fashion’ (SNL, Stripes, Meatballs, Caddyshack, Ghostbusters,
etc.) to chime in with a shrill comedic cry, ‘noogie time’, ‘noogies’… What a
bunch of incompetent dopes. If they and theirs, all three branches, weren’t so
venal and destructive, domestically and internationally, there would be less
reason to be compelled to chastise them; but clearly, they deserve every bit of
criticism and cynicism one can muster. If it ever was (I’m not amused http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
), their ‘old ways’ certainly aren’t cute,
cool, or appropriate. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times.
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal Sen.
Conrad: $2 trillion not enough
Democratic chairman of budget committee is pushing for deeper cuts in
any debt-reduction deal. Lawmakers
fear time is running out to slice $2 trillion from the budget In six weeks,
negotiators must strike a bipartisan compromise and persuade a bitterly divided
Congress to support it. (Washington Post) [ Ah, there you have it. That
nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in
savings by 2021 to avoid a debt crisis. Others view $2 trillion as
impossibly ambitious...more borrowing authority for a nation already mired in
red ink.’…Some have been less than optimistic in their prognosis Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Shock
Poll: Only 3 in 10 Will Vote For Obama Americans are growing more
dissatisfied with President Barack Obama’s handling of the economy and say it
will be hard to vote to re-elect him without seeing significant progress over
the next year and a half.
Obama
versus Osama: guess who the Egyptians prefer? Even Osama Bin Laden, the
late al Qaeda leader, was more popular this year, with a 21 percent
favorability ranking.
Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel.
Oil Price
Tumbles After Reserves Release Oil prices tumbled after Western nations
surprised the market, releasing the biggest amount of oil from their emergency
strategic stocks since 1991, in a calculated shot across the bows of Opec, the
oil producers’ cartel.
A
Sinister Cyber-Surveillance Scheme Exposed The programme appears to allow
for the large-scale monitoring of social networks by way of such things as
natural language processing, semantic analysis, latent semantic indexing and IT
intrusion.
Afghan
Troop Withdrawal Is ‘No Change In Plans’ From Obama “This is only to draw
down the extra troops that President Obama sent in when we last heard from him
on this subject in December 2009. This is just drawing down the surge.”
Milbank:
Obama’s ‘mission accomplished’ (Washington Post) [ Wow! Up until the last three paragraphs there
seemed to be a semblance of hope for
wobama apologist and obamanoid Mr. Milbank as one could detect ever so slightly
that tinge of realism coupled with traces of both sarcasm and cynicism. Then,
wham, from out of the blue, true to form there he was in wobama’s corner and
sharing that one-way ticket to palookaville. Yes; wobama the b (for b***s***)
is all that … bad. The worst president since … dumbya bush, who was the worst
president since … the ‘c’ man, who was the worst president since … ‘poppy the
sailor man’, who was the worst president since … you get the picture. Failed
all, from bad to equally bad or worse, the story of a nation in the throws of
decline and fall. Come on! There isn’t anything in this world more empty,
meaningless, and worthless than words from wobama the b (for b***s***).… Obama
adopts the Bush Doctrine The May 19
Middle East speech, annotated. (Washington Post) [ Yeah! Two nut cases; two failed presidents. The latest case of U.S.
paranoia (Los Angeles Times) [ Yeah! This really needs to be said;
particularly when you take into account the reality, that while plentiful,
american laws are all but meaningless, arbitrarily enforced at best, and
‘federales’ and their supporters (more commonly called bribes, one way or form
or another) invariably the worst offenders. Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature..
THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Behind
the scenes of Obama’s speech (Washington Post) [ If only he could stutter; he’d at least then
be oscar worthy. Behind the scenes a puppeteer named ….. Mr. Teleprompter. See
… all that useless, mind-numbing technology does come in handy every once in a
while. And, if we’re able to attach them to one another; yup, we’ve got
ourselves a cyborg. Such a brave new world we’re living in. No longer will man
be blamed for his inhumanity to fellow man. Yes, blame it on the cyborg ‘who
made them do it’. Ah yes, steel and flesh, perfect together; like guns and
butter, ebony and ivory (did they really make you use the back door to the
whitehouse sir paul), oil and vinegar, etc..
Pentagon
renovation now complete Constructing the building took just 17 months
during WWII. The $4.5 billion renovation of the building, however, has gone on
for 17 years -- so long that the first parts completed are showing their age.
(Washington Post) [ Well, it takes time to help bankrupt a nation and this is
but a symbolic representation of their role in same; and so little time in
creating new destructive, self-destructive wars. Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Wall
Street 'Vastly Underestimating' Risk of Debt Default
Forbes / Robert Lenzner StreetTalk ‘ “Meet the
Press Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline.. They’ve used the contrived mideast turmoil and their wars to
obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it owes
$15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP)
in the form of unfunded liabilities. The funniest thing about this (and you
have to laugh) is to see Conservative pundits get on TV and talk about how we
need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING
FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations
are regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall. .. Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.;more specifically, diversion of the
masses from the glaring failures, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Nuclear
experts killed in Russia plane crash helped design Iran facility The five
Russian scientists were among 44 killed earlier this week; no official
investigation of foul play has been opened, though Iranian nuclear experts have
in the past been involved in similar accidents.
Babies
born to ethnic minorities outnumber number of white toddlers for first time in
U.S. history Ethnic minorities now make up the majority of babies in the
United States, official figures revealed today.
Al
Gore branches out into population control theory Not content to make a fool
of himself confusing weather and climate, Al has now decided to lecture women
on how to reduce the population for the benefit of the planet.
Fukushima
‘still a ticking time bomb’ Famed physicist Michio Kaku says Japanese
officials still don’t have control of the Fukushima Daiichi nuclear disaster.
Obama:
Time for ‘nation building’ at home
‘Surge’
troops to be ordered home Departure
plan will remove 33,000 troops faster than Obama’s commanders requested but
more slowly than many of his political allies would like. (Washington Post) [
Well, in a certain sense he’s chronologically correct … finish the job of
destruction at home … yeah … it’s true … they haven’t the slightest idea what
they’re doing and no matter what or where, pervasively corrupt, defacto bankrupt
america’s touch is an invariably destructive, negative touch (‘nation building’
the coy, euphemistic phrase for what is in fact ‘nation destroying’, regardless
of spin, propaganda, and outright lies). Obama’s
task: Keep support for Afghan war The president’s prime-time address on
plans to gradually withdraw troops must remind a skeptical electorate and a
concerned Congress that the country’s longest war remains worth fighting — and
funding. (Washington Post) [ Obama’s task? Support for this nation’s
self-bankrupting Afghan (among other) war(s)? Geeh! Silly me! And all the while
I thought wobama’s task was to bring to fruition all those laudable campaign
promises; viz., jobs / economy not wars, prosecution of the frauds on wall
street responsible for the crisis, etc.. What a total fraud wobama is. Obama’s
semantics draw criticism on Libya (Washington Post) [ Semantics? If it were
only wobama’s semantics that drew criticism. But, one must concede that when
fellow black Farrakhan is weighing in thusly: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel.
(I wonder what Chinese mascot ‘the black mamba’ has to say ‘The Chinese people's love of
american basketball star Kobe Bryant’…Kobe Bryant China The Kobe dynasty - Los
Angeles Times
Aug 20, 2008 ... Beijing It's Kobe's team, in China, anyway… Sprite
China: Kobe Bryant & Jay Chou Music Video –
Advertising ... Feb 23, 2011 ... Sprite China has paired up NBA Star Kobe Bryant of the LA Lakers … who has supplanted their own
’yellow / red bamba’; viz., Yao Ming.), wobama’s really got problems (you know,
that unflinchingly loyal 18%). Yet, no
one can say the wobama / holder approach is devoid of racism. Sen.
Conrad: $2 trillion not enough
Democratic chairman of budget committee is pushing for deeper cuts in
any debt-reduction deal. Lawmakers
fear time is running out to slice $2 trillion from the budget In six weeks,
negotiators must strike a bipartisan compromise and persuade a bitterly divided
Congress to support it. (Washington Post) [ Ah, there you have it. That
nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in
savings by 2021 to avoid a debt crisis. Others view $2 trillion as
impossibly ambitious...more borrowing authority for a nation already mired in
red ink.’…Some have been less than optimistic in their prognosis Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and pervasively
americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer)
is one of those typically with a ‘pre or post’ arrangement, whether implicit or
explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt,
defacto bankrupt, fallen america.
Indeed, the scenario typifies that national drain / sinkhole new york (new york
/ new jersey metro) where, for example, FBI informants were routinely exposed
by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings /
Volkman Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline, fall,
and as with dinosaurs, extinction, at least in a manner of speaking. Global
information exchange at lightning speed has made such throwbacks to a lost era,
propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Drudgereport:
TEMPLETON
chairman: Financial Crisis 'Around Corner'...
'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
CHINA:
USA 'ALREADY DEFAULTING'...
JOBLESS
WEAK: 429,000...
...disappointed
Economic
trouble puzzles Fed chief...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
THE
NEW 'NORMAL'
GALLUP
PLUNGE...
Approval
-4, disapproval +5 -- in one day!
DOWN TO
THIRD: USA 'TO FALL BEHIND INDIA' IN TRADE...
DEM
FIX: MORE SPENDING!
Bernanke
speaks, stocks sink...
FORBES:
'Admits he's clueless'...
CBO:
Long-Term Debt Picture Worsens...
Would
reach 101% of GDP by 2021...
STUDY:
State, local gov'ts must raise taxes $1,400 a year for
30 years to fund pensions...
Millionaires
shrug off downturn; Wealthy richer than before crisis...
Zuckerman:
'We now have more idle men, women than at any time since Great Depression'...
SHOCK
POLL: ONLY 3 in 10 WILL VOTE FOR OBAMA...
66%
say US headed in 'wrong direction'...
Greece
Agrees on New Austerity Plan With EU, IMF...
ANGER
IN ATHENS...
'BLACK
HOLE'...
DEBT
TALKS BREAKDOWN; TAX BUST
S&P:
Risk of U.S. credit rating downgrade increased...
Chicago
county faces $108 billion
gap in pensions....
Greek
Streets 'Explosive'...
PM wins
confidence vote 'but outlook remains dire'...
Huntsman
announces presidential bid at Statue of Liberty...
Harry
Reid endorses...
Bachmann
surges to primary lead...
Iraq
hunting $17 billion missing after U.S. invasion...
NATO
NIGHTMARE: 9 CIVILIANS KILLED [NATO strike kills 15 Libyan civilians]
Census:
Whites lose majority among babies...
German
Giant Says US Workers Lack Skills...
PAPER:
AMERICA'S LOST DECADE?
States
look to Internet taxes to close budget gaps...
SPANIARDS
ON MARCH OVER BLEAK PROSPECTS...
House will move this week to limit funding for effort in Libya...
'DON'T
BE SURPRISED IF ATHENS GOES UP IN FLAMES'...
GREEK
PM PLEADS FOR UNITY!
...warns
against default
Threat
to downgrade Italian debt raises contagion fears...
Princess
Diana Conspiracy Movie Headed to Theaters... [ Uh, oh! Time to gear
up the already harsh ‘censors’ in england.
]
Bachmann:
Obama 'has failed' blacks, Hispanics... [ Come on! ‘Wobama the b’
(for b***s*** has failed everyone. ]
Presidential
no-show miffs Hispanics...
African-American
unemployment at 16%... [ But there’s rationality in this stat as
people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then there’s
the attitude. I truly believe from direct experience that even when their
outright aggression, assaults on persons and the senses, and otherwise
obnoxious behavior is not apposite, the personality disorder ‘passive /
aggressive’ is applicable, however indirectly expressed. ]
SHE'S
OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!)
...
Princess
Diana Conspiracy Movie Headed to Theaters... [ Uh, oh!
Orwellian england’s censors on high alert! ] [ British
queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by
security scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ …
that is … Diana
film causes stir at Cannes
“Unlawful Killing” has a combination of celebrity, controversy and canny
hype-mongering. (Washington Post) [
Let’s not kid ourselves … and, Dodi Fayed’s father was no dope and knew the
score. Indeed, it’s not coincidental that William’s the over-riding favorite of
granny Liz II; after all, Harry’s the bastard son of Hewitt (don’t buy into
their DNA proffer which they did buy – you know, that ‘bloodline thing’).
Moreover, it was reported that Diana had another ‘potential challenger in the
oven’ at the time of her death and we all know how dicey such english affairs
of state can be (ie., Henry VIII, Richard III, etc.). Then there’s the contempt
of Diana for having brought the son of her bosom, Chas, down. Do I think she
said flat out ‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als.
Ultimately, William will require some substantial therapy to sort out this looming conflict. After all, Diana was
his mother. Drudgereport: British
woman decapitated in grocery store; killer flees with head... Cannes:
Diana doc slams UK royals as 'gangsters'... ]
Losing
Another Decade Bill Bonner ‘Great Speculations Buys, holds, and hopes An
article in The Financial Times tells
Americans they may face a “lost decade,” like the Japanese in the ’90s…Energy
use in the US peaked in 1997. Real US GDP peaked a few years later. Since then,
it’s been downhill for the economy.From memory…US GPD didn’t hit 10 trillion
dollars until about 2000. Now, it’s about $14 trillion. Nice growth, huh? But
wait. We know that a lot of that was phony, debt-fueled growth. It was phony
because it raised living standards to a level that people couldn’t really
afford. Or to look at it another way, it drew on earnings that hadn’t happened
yet…and maybe never would. But how much of that $4 trillion worth of GDP is
real and how much is phony? We don’t know. But we note that the federal deficit
is about $1.5 trillion, which is as phony as a $3 bill. Subtract that and you
have a gain of $3.5 trillion over 10 years…or about $350 billion per year.Let’s
see, adjust that for population growth. Subtract phony private sector
debt-fueled growth too. And properly adjust for inflation. What do you get? You
get a lost decade. Another Lost Decade
by Bill Bonner originally appeared in the Daily
Reckoning.’
Federal
Tax Receipts Show Economy Grinding to a Halt
China data show almost
flat growth: HSBC 23 June 2011 China’s manufacturing
activity eases in June to its slowest rate of expansion in 11 months, barely
above ...
Asian stocks pressured after Fed outlook
Top 3
Reasons Markets Fell After Bernanke’s News Conference Minyanville's
T3 Daily Recap: Market Slumps as FOMC Votes to End QE2, Lower GDP Estimates T3Live.com Jun
22, 2011 ‘The market was unable to build on yesterday's strong oversold bounce,
turning lower in the afternoon after Ben Bernanke's Fed policy press conference.
The FOMC voted unanimously to end the $600 bond buying package famously dubbed
QE2, and maintained the same "extended period" language in regards to
keeping rates low. Perhaps the curveball that concerned investors was a
downward revision of GDP growth forecasts, which come as a result of the slower
than expected economic recovery. Several leading stocks from yesterday were
able to push higher early, but most put in nasty tails that could signal some
downside or choppy action to come in the immediate future.
Amazon.com, Inc. (AMZN)
was actually weak from the get-go, falling back down into its 50-day moving average.
Apple Inc. (AAPL)
was strong in the first half hour but quickly turned down, depriving the market
of its leader. [I like apple (the
first computer I ever bought) and was rooting for them (not just because wintel
based pc’s are so pathetic) and glad they survived; but, apple / apple products
are significantly over-priced and over-valued which is the purblind
sizzle fraudulent wall street loves and sells, as in the last few crashes.] The ags got hit as wheat and corn were down again. Precious metals
lost momentum as the Fed, for the time being, ended their inflationary asset
buying program. Expect some digestion and choppy action in the coming days,
especially ahead of Friday's Greece vote, where the market will hope the
troubled country can pass the latest round of austerity measures.’
Is
The Bull Market Over? [ Short answer, Yes! ] at Forbes William Scott O'Neil ‘On
May 23, I posted an article on Intelligent Investing titled Is the Bull Market Topping? Since then I’ve continued to interpret the facts and
market action. Amidst persistent choppy gains and losses, I’m further convinced
of a downtrend.
In our shop,
however, we never dig in our heels when it comes to the stock market; we remain
flexible in our thinking. Quite frankly, I would love to have the market prove
me wrong and resume a meaningful uptrend. Remember, there is never really a
bull or bear side, just the right side.
However, my
big concern at this point is the lack of a catalyst. For the risk-reward ratio
to improve in our favor, I believe we need resolution on some of the more
pressing domestic and international issues. Some of the most respected minds in
the market have recently told me that, in all their years in the industry, they
have never seen so many major issues happening across the world at the same
time.
Certainly
meaningful job growth in this country would help. And the way to grow jobs is
through the creation and expansion of businesses, particularly small
businesses. Small business creates roughly 85% of all jobs in this country. We
also have to implement an effective solution to the real estate housing glut.
Studying the
recovery phase of the last seven major bear markets (those down 45% or more,
peak to trough), the average gain in year three was 3%. We are now in year
three. So, to me, the best-case scenario right now is a continuation of a
sideways, back-and-forth, volatile market, which is the most dangerous type.
A choppy
market is much more dangerous than a down trending market (assuming the
investor uses selling rules). Thus my interpretation of the risk-reward at this
time is very, very poor.
We will inevitably
get several short-term bounces, but will they be significant enough to build
substantial positions over time?’ [ Short answer, No! ]
Crumbling
Cuba Offers Economic Advice to White House at Minyanville [ The irony
here is so obvious that I’ve not even wasted space. Communism is such a total
fraud, where ‘everybody’s equal except some bureaucrats / party-members are
‘more equal’ than others’. Yet, pervasively corrupt, defacto bankrupt america
is no longer the antithesis of said failed ideology, but rather also now a
failed regime on similar theme where bureaucrats / party-members and those
connected, financially or otherwise, to them are ‘more equal’ than others’. As
for the pictures, you can find plenty just like them right here in the ‘good
ole u.s. of a.’
Infographic:
Some People Call it Groupon, Some Call it "Grouponzi" Minyanville Staff June 22, 2011 ‘A
game-changing Minyanville article about Groupon's business model was part of
the inspiration behind this clever infographic. [ ‘It is a well done graphic which you
can check out here by clicking’ ]
Jim
Cramer Hitting His Most Bearish Notes at Forbes Heather Struck [ As
I’ve previously been saying, yes this is a secular bear market! ] ’ CNBC
stock-picker Jim Cramer made his second-annual appearance at the E Trade
Financial investor forum in New York Wednesday morning. Anyone on less than
their first cup of coffee probably wouldn’t have had the mettle to keep up with
Cramer’s 9:45 a.m. talk, but there was plenty for the bullish advisor to rant
about this year. Among Cramer’s major complaints – good stock prices are
just too darn high for such a seemingly bearish period.
Cramer’s
remarks followed comments by chief investment strategist of equity research at
Standard & Poor’s Sam Stovall, in which he said volatility and a bear
market are both here to stay. “We are moving into a secular bear market with
cyclical bulls,” he said. The rows of E Trade investors attending the
presentation in the New York Hilton ballroom were told over and over again that
if they are willing to get comfortable with the external risks such as
inflation in China, a destabilized European economy, fluctuating oil prices and
no real job growth in the U.S., then they may be able to come to terms with the
the very un-robust stock market that exists today. What that means is investors
can use periods of price declines as buying opportunities.
Cramer echoed
these points by calling out the reasons he is unhappy with today’s stock
market. “I’m not a fan,” he said, calling it at times tough, brutal, mean, and
angry. Still, markets are going through a period of ennui, not despair, he said.
It is ennui
that leads investors to pour into tech IPOs like Pandora and LinkedIn at levels
that reminded everyone of the last tech bubble? Perhaps. Cramer likes stocks
that have strong market shares and earnings growth potential when the economy
shows signs of picking up, which is nothing new to standard value investors.
However, he also likes using gold bullion and the SPDR Gold Trust ETF (GLD)
because “gold acts like a currency,” Cramer says. When he is listing a gold
trust in his top ten stock picks, it is probably safe to say Cramer is going
through one of his own more bearish streaks.
The stock
market could still have a 3-5% pull-back, Cramer said, not trusting the recent
6-week losing streak to be the last bottom. “There are actually a lot of
times where I am not bullish, and this is one of them,” Cramer said. “I don’t
expect a robust market. A retest of lows seems more likely.”
For the first
time, investors are worrying about the budget outcome in Washington, D.C. as
well, Cramer said. Where a debate in Congress over the necessity of raising the
federal debt ceiling is a symbol of the worsening faith that investors have in
U.S. debt. “We want to see fundamental change,” Cramer said. “Without it we
will always have one foot out the door of the stock market.”...’
Retirement
As We Know it Is “Dead”: EuroPacific’s Pento The Daily Ticker [ States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 … And that’s just the
part of the public sector that’s on the radar owing to budget scrutiny … the
reality is much worse across the board! ]
Greeks Turn Savings To
Gold Gold Core | Greek citizens are emptying savings
accounts and buying gold as they brace themselves for the possibility of a
sovereign default and a run on the banks.
‘We
now have more idle men, women than at any time since Great Depression’ Mortimer
B. Zuckerman | The Great Recession has now earned the dubious right of
being compared to the Great Depression.
Internal
IMF Audit Finds Bailout Fund Has Zero Credibility Zero Hedge
| The observation that the IMF has no credibility whatsoever has been well
known for a long time by all market skeptics.
Greeks
Turn Savings To Gold And Perth Mint Silver Coin Sales Surge To Record On Safe
Haven Demand The Financial Times reports that “Greek citizens are emptying
savings accounts and buying gold as they brace themselves for the possibility
of a sovereign default and a run on the banks.”
Euro
– a ‘collapsing prison’ for Greece and Co.? The Greek government has
narrowly won a key vote of confidence, allowing the Prime Minister to continue
his fight for more cuts.
Don’t
Get the Greek Financial Crisis? Read This The Greek financial crisis has
been the most important economic story of the year—but what it actually means
can be lost in breathless talk of defaults and loan tranches.
Nigel
Farage Explains Why Greece Must Be Allowed To Default On the day when the
flawed euro experiment will get its first popular pseudo-referendum, it is only
logical that prominent euroskeptic Nigel Farage would sound off on how he sees
things for Greece, Europe and the currency union, and why he believes the
current situation is nothing short of slavery.
Existing-home
sales fall They join a long list of other economic indicators that have
pointed to a soft spot in the recovery. (Washington Post) [ ‘Soft spot in the
recovery … talk about euphemisms … then let’s talk about no real recovery,
certainly when juxtaposed with those ‘illusory’ pre-election gains relative to
unaffordable debt costs to make them appear.
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed!
Today’s so-called ‘rally’ is based on b***s*** alone to keep the suckers
suckered and for ‘smarter money ‘ along with the frauds to sell into. This is
an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times.
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP) Public
workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal
2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money--
National / World
Cop Trespasses, Arrests Woman for Taking Video Kurt
Nimmo | You no longer have the right in Rochester and much of the rest
of the country to stand on your own property and record the cops.
Libyan Rebels Impose Press Censorship Kurt
Nimmo | Journalists are only allowed to use officially approved
translators.
Rasmussen: NATO Will Continue Slaughter in Libya Paul
Joseph Watson | Protecting civilians by killing civilians, but don’t
call it a war. Even as Italy calls for an immediate cease fire, NATO
Secretary-General Anders Rasmussen made it clear today that the slaughter in
Libya will continue unabated, seemingly unmoved by images showing dead babies
murdered as a result of a campaign sold on the justification of “protecting
civilians”.
PNAC Cabal Warns Congress To Back Off Over Libya Steve
Watson | Neocon group calls for increase in military action against
Qaddafi. The chicken hawk neoconservatives that make up the Project For A New
American Century cabal have written on open letter to House Republicans warning
them not to reduce or cut funding for U.S. involvement in the military
aggression against Libya or face becoming an ” irresolute” nation.
Corporate Offshoring Has Ruined Income and Employment
Prospects for America Paul Craig Roberts | The
offshored economy is the “New Economy.”
Fareed Zakaria: Dump the Constitution Kurt
Nimmo | Zakaria is a top globalist minion and avowed enemy of the
Constitution. CNN contributor Fareed Zakaria argues that the Constitution is
outdated and its principles should be “debated and fixed” to conform with the
modern era. He suggests “a set of amendments to modernize the Constitution for
the 21st Century.”
Obama:
The Baby Silencer Paul Joseph Watson | Dead
toddlers cannot be dismissed as another Gaddafi propaganda stunt.
U.S. building virtual Internet as cyberattack testbed CNet
| The U.S. is creating a virtual version of the Internet.
Turkish
Actions To Trigger NATO Confrontation With Syria? Should a conflict erupt
between Turkey and Syria on their border, NATO will be obligated under its
Article 5 collective military assistance clause to enter the fray on Turkey’s
side. Should NATO intend opening hostilities against Syria, no better pretext
could be devised than that scenario.
America’s
Latest Proposal To Deal With Its Insolvency And Pursue Stealth Dollar
Devaluation: Change The CPI A few months ago we reported on Goldman’s
proposal to change the definition of GDP to make the US economy appear to be
growing faster than it really is.
Obama: The Baby Killer Obamanoids
(yes they’re still out there) are eagerly circulating the following You Tube
clip of the President silencing a crying baby by holding it in his arms. It’s
just a shame that Obama has also proven adept at silencing babies in north
Africa, by murdering them as part of his unconstitutional onslaught against
Libya.
FBI
Seizes Servers, Knocks Websites Offline The F.B.I. seized Web servers in a
raid on a data center early Tuesday, causing several Web sites, including those
run by the New York publisher Curbed Network, to go offline.
Shock
Poll: Only 3 in 10 Will Vote For Obama Americans are growing more
dissatisfied with President Barack Obama’s handling of the economy and say it
will be hard to vote to re-elect him without seeing significant progress over
the next year and a half.
Obama
versus Osama: guess who the Egyptians prefer? Even Osama Bin Laden, the
late al Qaeda leader, was more popular this year, with a 21 percent
favorability ranking.
Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel.
Al
Gore branches out into population control theory Not content to make a fool
of himself confusing weather and climate, Al has now decided to lecture women
on how to reduce the population for the benefit of the planet.
Fukushima
‘still a ticking time bomb’ Famed physicist Michio Kaku says Japanese
officials still don’t have control of the Fukushima Daiichi nuclear disaster.
Pentagon
renovation now complete Constructing the building took just 17 months
during WWII. The $4.5 billion renovation of the building, however, has gone on
for 17 years -- so long that the first parts completed are showing their age.
(Washington Post) [ Well, it takes time to help bankrupt a nation and this is
but a symbolic representation of their role in same; and so little time in
creating new destructive, self-destructive wars. Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Wall
Street 'Vastly Underestimating' Risk of Debt Default
Forbes / Robert Lenzner StreetTalk ‘ “Meet the
Press Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline.. They’ve used the contrived mideast turmoil and their wars to
obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING
FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations
are regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall. .. Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.;more specifically, diversion of the
masses from the glaring failures, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Huntsman
for oblivion 2012 His noble message isn’t a winning one. (Washington Post)
[If only Mr. Huntsman had said he respects the office of the Presidency (though
the occupiers of same have been unworthy for quite some time) as opposed to
wobama himself, because of my well-deserved high regard for Utah, I’d be
favorably disposed toward Mr. Huntsman. But, alas, another failed president like
his progeny w and wobama, h.w.bush was also China ambassador, so hardly
something to be grateful to wobama for so as to ignore reality. High roads, low
roads, in pervasively corrupt, defacto bankrupt america they are distinctions
without a significant difference, and invariably low by new definition
consistent with the new reality. From
Huntsman, a different view In announcing 2012 presidential bid, he includes
a different take from his GOP rivals on President Obama. (Washington Post) [ I
can only suspect this to be an attempt to take support (Mormon, Utah, midwest
vote) from Romney. After all, Drudgereport(s): Harry Reid endorses
Huntsman... . And, I believe Mr. Milktoast’s sincerity. What’s
up with that? … Obama
adopts the Bush Doctrine The May 19
Middle East speech, annotated. (Washington Post) [ Yeah! Two nut cases; two failed presidents. The latest case of U.S.
paranoia (Los Angeles Times) [ Yeah! This really needs to be said;
particularly when you take into account the reality, that while plentiful,
american laws are all but meaningless, arbitrarily enforced at best, and
‘federales’ and their supporters (more commonly called bribes, one way or form
or another) invariably the worst offenders. Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature..
THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Sen.
Conrad: $2 trillion not enough
Democratic chairman of budget committee is pushing for deeper cuts in
any debt-reduction deal. Lawmakers
fear time is running out to slice $2 trillion from the budget In six weeks,
negotiators must strike a bipartisan compromise and persuade a bitterly divided
Congress to support it. (Washington Post) [ Ah, there you have it. That
nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in
savings by 2021 to avoid a debt crisis. Others view $2 trillion as
impossibly ambitious...more borrowing authority for a nation already mired in
red ink.’…Some have been less than optimistic in their prognosis Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Losing
Another Decade Bill Bonner ‘Great Speculations
Buys,
holds, and hopes An article in The
Financial Times tells Americans they may face a “lost decade,” like
the Japanese in the ’90s.
What? We’ve
had a lost weekend or two. But how can you lose a whole decade? But Americans
have done it already.
After a
60-year debt expansion, the developed world – led by the USA – went into a
period of debt contraction. This is what we call the Great Correction. We know
for sure that debt is being consolidated – at least in the private sector. We
know that this will be a drag on the economy for several more years.
We know also
that the feds’ efforts to fight the correction are setting up another crisis
and correction – this one in the public sector.
So, it looks
as though at least two things will be corrected – private debt…and public debt.
Beyond that, we’re not sure what excesses, mistakes and absurdities this
correction will target. Only time will tell.
So far, all
the facts that have come to light in the last four years seem to corroborate
our Great Correction story. As expected, jobs are few and far between. Consumer
spending is weak, as households try to repair their balance sheets. And the
economy limps along with negative or barely positive real GDP growth.
What does this
sound like to you?
Like Japan, of
course, which has been in a Great Correction for 20 years.
And even
though the peak of credit in the US wasn’t hit until 2007 we’re beginning to
think that the actual correction began in 2000. Since then, jobs, stocks,
houses, and the real, per-capita GDP have gone nowhere. In other words, a
stealth correction has probably been going on for 10 years already…it didn’t
come out into the open until after 2007.
Losing one
decade could be bad luck. Losing two begins to look like recklessness.
Inattention. Or robbery. Stay tuned…
At Dulles
Airport yesterday, it took us an hour of standing in line to check in. People
in economy were probably lucky to be able to check in at all.
But who cares.
It’s still almost a miracle to be able to leave our home in Washington at 4PM
and be in London at 6AM the following day. What a boost to our standard of
living! This is the kind of miracle that high-octane fossil fuel can give you.
You have to burn a lot of energy in order to lift a giant vessel made of thin
metal, filled with fat people off the ground. And then fly across the Atlantic
Ocean with it!
You can’t do
that with solar power…or wood…or batteries charged up from hydroelectric power
stations. You can only do it by reaching into the earth and using up some of
its stored up calories. And you can only use those calories once. (For reasons
we can’t figure out at this hour, the law of conservation of energy doesn’t
seem to apply.)
As you will
see later this week, the energy revolution of the 18th century boosted output
and speeded up GDP growth. Our standard of living – not to be confused with our
quality of life – is directly proportional to the amount of energy consumed.
All of which is a warm up to where our meandering will take us this week.
Energy use in
the US peaked in 1997. Real US GDP peaked a few years later. Since then, it’s
been downhill for the economy.
From memory…US
GPD didn’t hit 10 trillion dollars until about 2000. Now, it’s about $14
trillion. Nice growth, huh? But wait. We know that a lot of that was phony,
debt-fueled growth. It was phony because it raised living standards to a level
that people couldn’t really afford. Or to look at it another way, it drew on
earnings that hadn’t happened yet…and maybe never would.
But how much
of that $4 trillion worth of GDP is real and how much is phony? We don’t know.
But we note that the federal deficit is about $1.5 trillion, which is as phony
as a $3 bill. Subtract that and you have a gain of $3.5 trillion over 10
years…or about $350 billion per year.
Let’s see,
adjust that for population growth. Subtract phony private sector debt-fueled
growth too. And properly adjust for inflation. What do you get?
You get a lost
decade. Another
Lost Decade by Bill Bonner originally appeared in the Daily Reckoning.’
Federal
Tax Receipts Show Economy Grinding to a Halt
Top
3 Reasons Markets Rose with Greece and Apple Wall St. Cheat Sheet June
21, 2011 [ I like apple (the first computer I ever bought) and was rooting for
them (not just because wintel based pc’s are so pathetic) and glad they
survived; but, apple / apple products are significantly over-priced and
over-valued which is the purblind sizzle fraudulent wall street loves
and sells, as in the last few crashes.] ‘Markets closed up on Wall Street: Dow
+0.91% , S&P +1.34% , Nasdaq +2.19 , Oil +0.5, Gold +0.34% .
On the
commodities front, Oil (NYSE:USO) found some buyers on the idea Greece may not sink
the universe. Precious metals were both up with Gold (NYSE:GLD) closing at $1,546 and Silver (NYSE:SLV) rising 1%.
Today’s
markets were up because:
1) Investors
smell some sort of resolution in Greece . Although ratings
agencies are sending more warnings to Greece, the media is reporting a lot
of aggressive chatter regarding the EU stepping in to save Greece. At the end
of the day, that removes the probability of a Lehman style event. Now check out
which
Companies have dangerous exposure to Greece and which
Countries do too.
2) US Existing
Home Sales sucked. Yup. If you’re looking for positive data points in the US
economy, turn your head 180 degrees away from the housing market (NYSE:IYR). The always bullish National
Association of Realtors sales fell by 3.8% in May, at an annual pace
of 4.81 million, down 15.3% from last years mark of 5.68 million by the same
point in the year.
3) Apple
finally caught a bid. After some big time selling in Apple (NASDAQ:AAPL), the company is now rumored to be releasing a
major iteration with the release of iPhone 5. Add that to all the shareholders
who are filling the blogosphere with articles about “Apple as a Value Stock”,
and it was a matter of time before the buyers stepping in. ‘
Greece
"Essentially Bankrupt" Says Analyst With World's Most Unfortunate
Surname at Minyanville
Internal
IMF Audit Finds Bailout Fund Has Zero Credibility Zero Hedge
| The observation that the IMF has no credibility whatsoever has been well
known for a long time by all market skeptics.
Russia to Lower
U.S. Debt Holdings Wall Street Journal | Russia will
likely continue lowering its U.S. debt holdings as Washington struggles to
contain a budget deficit and bolster a tepid economic recovery.
Rep. Ron Paul
issues campaign pledges Texas Rep. Ron Paul’s campaign issued issued a
statement on what his budget priorities will be if elected.
Internal
IMF Audit Finds Bailout Fund Has Zero Credibility While the fact that its
former head is an alleged rapist caught some by surprise, the observation that
the IMF has no credibility whatsoever has been well known for a long time by
all market skeptics.
The
Financial Collapse Of Greece: The Canary In The Coal Mine For The Global
Economy? The rest of the world needs to sit up and take notice of what is
going on in Greece right now. This is what can happen when you allow government
debt to spiral out of control.
FITCH
WARNS: US Must Raise The Debt Ceiling By Aug 2, Or Risk Losing Its AAA At
this point, anyone who thinks that there won’t be any consequences to a debt
ceiling failure are insane, if only due to the regulatory/ratings hit.
IMF
slams European leaders on crisis The IMF criticized leaders for their
failure to find a “cohesive” response to the problems of weaker nations. Thousands
protest Greek austerity measures Europe
falters in bid to rescue Greece Greek
default spells 'havoc' for banks Europe
debt crisis to hover over Fed meeting (Washington Post) [If
the Titanic sank today, here’s how the President, the media and Wall Street
would spin it (satire) What would all the world’s experts and authorities
say today if the Titanic were sinking but nobody was willing to admit it? For
Greece, $160B wasn’t enough Officials involved in the financial rescue in
the spring of 2010 didn’t expect to be back so soon. (Washington Post) [ And
yet, this dire predicament for Greece mirroring a similar dour scenario
globally, and pervasively corrupt, defacto bankrupt america particularly is in
reality but a small part of the equally dour prospects for stocks. Stocks rally on b***s*** alone from
the eurozone on a purported, though unannounced plan by merkel and sarkozy (a
zionist now preoccupied with the Libya fiasco Drudgereport: FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not
Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...)
to avoid greek default. Yet, default per se is not the problem. Indeed, China
has already said, correctly defacto if not technically, that america’s already
is in default [Drudgereport: CHINA: USA 'ALREADY
DEFAULTING'... ]. The reason for the meaninglessness of the
distinction is that sovereigns, ie., defacto bankrupt america, etc., can
continue to print currency thus debasing the value of same as alluded to by
China, thus as does inflation, ‘bankrupting the lender’. Importantly, there
just isn’t sufficient value on this entire planet and certainly on the
‘investable horizon’ to offset the worthless paper, toxic assets, among the
huge amounts of unrepayable debt (promises to pay) both intra-national and
international. The waning full moon
also accounts for the action to the upside as the lunatic, criminally insane,
lunatics / frauds on fraudulent wall street attempt to keep the other lunatics
/ suckers suckered with contraindicated rally on insurmountably bad news (no,
those new apartment building construction numbers change nothing). This is all
pre-2012 election year unaffordable obfuscation of failure across the board.
Amazingly, the lunatics on wall street now have plenty of company worldwide,
particularly that nato / eu bunch bringing to mind that old adage of ‘apples
not falling far from the trees’, conversely speaking. Paying attention to
Robert Lenzner, infra, and Toby Connor, among others, is wise counsel. Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression at Minyanville Toby Connor June
16, 2011 And this time it's going to be much, much worse than in 2008. ‘Don't
let the perma bulls fool you -- this is not a normal correction, and it has
nothing to do with Greece or Spain. This is the beginning of the next leg down
in the secular bear market
and the start of the next economic recession/depression. And this time it's
going to be much, much worse than it was in '08…’ The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take
profits while you still can since there's much worse to come! ]
MONEY WATCH ARCHIVE
( from infowars.com / prisonplanet.com )
National / World
Texas
Senator Compares TSA Fight To Revolutionary War The Texas Senator at the
forefront of the fight against invasive TSA pat-downs has likened the stand-off
between state and federal authorities over a bill that would criminalize TSA
groping to the revolutionary war against Mexico, calling the situation a “Come
and Take It” moment once again for Texas.
Surprise!
TSA Is Searching Your Subway, Truck, Ferry, Bus, AND Plane Think you could
avoid the TSA’s body scanners and pat-downs by taking Amtrak?
Three-quarters
of U.S. nuke plants have had radioactive leaks Three-quarters of the
country’s nuclear power plants have seen radioactive tritium leaks, an
Associated Press investigation finds.
Michigan
Lawmaker wants to criminalize ‘intrusive’ searches by airport screeners An
Oakland County lawmaker is taking aim at the Transportation Security
Administration and how its agents perform airport passenger security checks.
No Troop
Withdrawal in Afghanistan Four cheers for the U.S. Conference of Mayors! It
has just voted up a resolution calling on Washington to transfer $126-billion
in annual spending from its Middle East wars to America’s cities!
TSA
Showdown a Watershed Moment in Battle For Freedom A bill that would
criminalize invasive TSA pat downs in Texas has risen like a phoenix from the
flames, with Governor Rick Perry being forced to include the item on the agenda
for the current special session of the legislature, setting the stage for what
could potentially become a watershed moment in the battle to peel back a
federal power grab that has characterized the advance of big government.
Libya
says new Nato missile attack killed three children Nato has admitted
launching a missile strike against a compound that Libyan officials claim
killed at least 15 people, including three children.
Newt Gingrich’s Campaign Strategy: Become Ron Paul Steve
Watson | Former speaker is suddenly sounding a lot like a certain
Libertarian Congressman.
Rick Perry Announces Presidential Run Kurt
Nimmo | Fake aura of the Texas outsider to be used the same way the
Man of Change was used to sell Obama.
Kerry and McCain Introduce Resolution to Legitimize
Invasion of Libya Kurt Nimmo | Senators play along
with dubious War Powers Act instead of seeking a formal declaration of war.
Texas Senator Compares TSA Fight To Revolutionary War Paul
Joseph Watson | Stand-off over TSA grope-down bill another “come and
take it” moment for Texas.
O’Reilly and Rapper Argue About Bogus War On Terror Kurt
Nimmo | More contrived left versus right propaganda avoids real reason
for multiple criminal wars.
TSA Showdown a Watershed Moment in Battle For Freedom Paul
Joseph Watson | Federal response to likely passage of anti-pat down
bill could provoke massive states’ rights backlash.
“Kinetic Military Action” or War – Libyans are Still Dead
American Thinker | He can call it “kinetic military
action” or he can call it making love if he wants to, but that doesn’t
resurrect any dead Libyans.
No-Life Zone: Deeper and Deeper Into the Mire Chris
Floyd | Obviously, there was a typo in the UN resolution approving
NATO’s operations in Libya.
Labor
battle puts Obama in bind White
House ties to both sides of dispute between aerospace giant, union pose a
political quandary. (Washington Post) [
Sounds like a job for … John Kerry … Mr. all sides of all issues … special
appointment? Yet, wobama’s teleprompter can be called upon to split hairs and
draw fine lines … though unfortunately as even both sides to this dispute
already know as spoken by ‘wobama the b’ (for b***s***), whatever Mr.
Teleprompter says will be pure, unaldulterated b***s*** regardless of how well
written and said. Yes, not doing as promised has its pitfalls, not rewards,
when doing as not promised leads directly to the dire consequences and crises
this nation and the world now face.
Too
Soon To Buy The Dip In This Market at Forbes Sy Harding ‘Don't buy this
dip. After six straight down weeks the S&P 500 is down only 6% from its
April peak. That’s not near enough to factor all the negatives into stock
prices…’
The
Great Stagnation of 2011 at Minyanville Jeff Harding Jun
20, 2011 ‘Consumers aren't going to save our economy from stagnation, but
rather it will continue along with inflation
I go away for a few days and come back to a slug of
not-encouraging economic news.
The really big news was related to industrial production and manufacturing
which was either down or stagnant, depending on the index you look at.
The two reports that were negative were the Empire State Fed and the
Philadelphia Fed manufacturing reports which both reported substantial drops in
economic activity:
http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6201.JPG
http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6202.JPG
As you can see, Philadelphia dropped 7.7% (the first drop since September) and
NY dropped 7.8% (the first drop since November). The weakness was in new orders
and inventory accumulation, things that you don’t want to see decline.
Separately the inventory-to-sales ratio increased 0.8%, a small but negative
indicator.
The index of industrial production as announced by the Fed was flat in May, up
0.1%, but the year-over-year trend was still declining:
http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6203.JPG
It is true that all production is aimed at consumer
consumption but looking at consumption alone is not as good an indicator of
real organic economic growth as is the production side of the economy. The
reason being that production usually leads consumption out of an economic
slump, not the other way around. The Fed’s and the administration’s attempts at
monetary and fiscal stimulus haven’t worked because of their misplaced emphasis
on consumption. They don’t examine the issue of why people aren’t consuming.
The keys to new economic growth are savings, debt reduction, and the
liquidation of malinvested projects.
People aren’t going to spend until they feel they are economically secure and
there aren’t a lot of reasons right now for them to feel secure. And the data
shows it.
Retail sales for May came out slightly negative (-0.2%), but that is a bit
misleading. Here is the chart:
http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6204.JPG
As you can see, the trend has been flat-to-negative since January, 2011. For
several reasons economists like to strip out auto sales, a big ticket item that
may skew the data. Doing that, ex autos, retail
sales were up 0.3%. Again the data is confusing because the ex. auto data still
includes gasoline sales which were up 22.3% YoY. Gains were seen in health
care, building materials, miscellaneous retailers, and non-store (Internet)
retailers.
Then there is price inflation.
The PPI and CPI reports also came in last week.
Starting at the producer level, the PPI increase moderated to a 0.2% gain
(core, ex. energy and food, up 0.2%). But the year-over-year trend was still up
7.0% in May (ex. energy and food, up 2.1%). The PPI has been declining since
January, 2011, but the rate of increase is still high:
http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6205.JPG
On the consumer
side, the May CPI also was up 0.2%, slightly less than in April, but still a
strong upward trend as shown in this YoY chart (up 3.2% YoY):
http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6206.JPG
Ex. energy and food, it was up 0.3% for the month, and 1.5% YoY. Apparel,
shelter, new vehicles, and recreation were all up, but energy and gasoline were
down along with airline fares, tobacco, and personal care. This price inflation
may seem mild to the casual observer, but it is the trendline that is
important.
Interestingly, someone revived the Misery Index, or at least I just discovered
it. The Misery Index
was created back in the 1970s and is described thusly:
It
is simply the unemployment rate added to the inflation rate. It is assumed that
both a higher rate of unemployment and a worsening of inflation both create
economic and social costs for a country. A combination of rising inflation and
more people out of work implies a deterioration in economic performance and a
rise in the misery index.
The Index is now at 12.16. To put this in perspective, it was at its highest,
20.76 during the Carter Administration, and hasn’t been this high since 1983
(it declined after Reagan was elected). Its lowest points were 3.53 during the
Eisenhower Administration (1953) and again during the Clinton years, 6.05 in
1998.
This has resulted in a decline in consumer confidence. The Gallup Economic
Confidence Index declined 9 points in the past two weeks (ending June 12):
http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6207.JPG
The Reuters/Univ. of Michigan consumer sentiment poll reflected a similar
decline.
I will leave you with one more bit of data, perhaps the most important, from
the National Federation of Independent Business
(NFIB) who regularly put out data from the member surveys. Their Small Business Optimism Index declined again, for the third
straight month:
http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6208.JPG
“Corporate
profits may be at a record high, but businesses on Main Street are still
scraping by,” said NFIB chief economist Bill Dunkelberg. …
For the third month running, several key economic indicators continued their
downward tumble. Job market indicators continued to deteriorate, anticipating
very weak job creation and a higher unemployment rate. Capital spending plans
and inventory investment plans all weakened and remain at recession levels.
Inflation continues to rise, a notable business concern for owners who are
raising their own prices at the fastest pace seen in years. And driving the
economic uncertainty, one in four owners still report weak sales as their top
business problem (followed by taxes
and regulations and red tape, only 3 percent cite financing).
The most important thing among these data was the lack of capital
spending:
Capital
spending remains historically low in spite of very low interest rates and all
sorts of expensing incentives. Fifty percent of firms reported making capital
expenditures over the past six months, and the percent of owners planning
capital outlays in the next 3 to 6 months fell 1 point to 20 percent, a
recession level reading.
What does all this mean? It means that the foundry of job creation for one-half
of the new jobs created in America, small businesses, are stalling out again
because of all the factors discussed above. Also, I wouldn’t expect a lot of
job growth from the multinationals as not even a declining dollar can offset
the cooling off of demand from money-stimulated countries like
China, India, and Brazil.
It means that consumers
aren’t going to save our economy from stagnation. It means that stagnation will
continue along with inflation. And it will be fun to watch all the naysayers who don’t think you can have an economic
slowdown and inflation at the same time.
It also means that my forecast of the likelihood of QE3 (quantitative easing) is still valid.
Editor's Note: This article was originally published at The
Daily Capitalist.’
Federal
Tax Receipts Show Economy Grinding to a Halt Lee Adler June 17, 2011
Obama’s
semantics draw criticism on Libya (Washington Post) [ Semantics? If it were
only wobama’s semantics that drew criticism. But, one must concede that when
fellow black Farrakhan is weighing in thusly: Drudgereport: FARRAKHAN: 'THAT'S A MURDERER
IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel.
(I wonder what Chinese mascot ‘the black mamba’ has to say ‘The Chinese people's love of
american basketball star Kobe
Bryant’…Kobe Bryant China The Kobe dynasty - Los
Angeles Times
Aug 20, 2008 ... Beijing It's Kobe's team, in China,
anyway… Sprite
China: Kobe Bryant & Jay Chou Music Video –
Advertising ... Feb 23, 2011 ... Sprite China has paired up NBA Star Kobe Bryant of the LA Lakers … who has supplanted their own
’yellow / red bamba’; viz., Yao Ming.), wobama’s really got problems (you know,
that unflinchingly loyal 18%). Yet, no
one can say the wobama / holder approach is devoid of racism. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Lawmakers
fear time is running out to slice $2 trillion from the budget In six weeks,
negotiators must strike a bipartisan compromise and persuade a bitterly divided
Congress to support it. (Washington Post) [ Ah, there you have it. That
nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in
savings by 2021 to avoid a debt crisis. Others view $2 trillion as
impossibly ambitious...more borrowing authority for a nation already mired in
red ink.’…Some have been less than optimistic in their prognosis Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Where
are the jobs? Scott Walker finds it’s easier to make bumper stickers than
to boost employment. (Washington Post) [ Oh, riiiiight, Mr. Milbank, inveterate
and unshakable defender of wobama regardless of fact or folly (wobama’s broken
campaign promises, etc.), it’s Scott Walker’s not wobama’s fault for the
nation’s dire predicament despite being the direct consequence of wobama’s
failure to do as promised and rather p***ing money (the nation doesn’t really
have) away in the perma-wars abroad marking his failed presidency as war
criminal bushes before him. Obama’s
semantics draw criticism on Libya Washington Post) [ Semantics? If it were
only wobama’s semantics that drew criticism. But, one must concede that when
fellow black Farrakhan is weighing in thusly: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel.
(I wonder what Chinese mascot ‘the black mamba’ has to say ‘The Chinese people's love of
american basketball star Kobe Bryant’…Kobe Bryant China The Kobe dynasty - Los
Angeles Times
Aug 20, 2008 ... Beijing It's Kobe's team, in China, anyway… Sprite
China: Kobe Bryant & Jay Chou Music Video –
Advertising ... Feb 23, 2011 ... Sprite China has paired up NBA Star Kobe Bryant of the LA Lakers … who has supplanted their own
’yellow / red bamba’; viz., Yao Ming.), wobama’s really got problems (you know,
that unflinchingly loyal 18%). Yet, no
one can say the wobama / holder approach is devoid of racism. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Federal
Tax Receipts Show Economy Grinding to a Halt Lee Adler Jun3 17, 2011 ‘With the Fed now set to end
its program of quantitative easing for the time being and government spending
set to decline, the squeeze should worsen in coming months. Month to date
Federal withholding taxes as of June 15 were down 5.5% from last year, negating
the monthly gain in May. That gain was primarily due to the calendar
anomaly of a payment date for a biweekly and semimonthly pay period for many
employees coming on June 1 last year. That resulted in an understatement in
May’s 2010 receipts and an overstatement for June last year. Therefore the 5.5%
decline so far this month versus last June makes things look worse than they
are. The truth, as shown in the chart below, is that tax receipts over the last
rolling monthly period are about even with last year, suggesting that the
economy has stalled, but has not collapsed to the degree implied by a 5.5%
decline.
http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/tax1.jpg
Chart data through June 15
The 1-month moving
average of daily withholding tax collections is at about the
same level as last year. May’s gains have dissipated. The 13-week moving
average is sinking fast and should be hitting bottom now. It is at roughly the
same level as last year. Normal seasonality has a flat period through the third
quarter, with a drop into the low in September/October. If this graph drops
below last year’s level from here, then the economy probably is in free fall.
That would be very bad news in terms of the levels of debt the Treasury must
float in the months ahead.
(From 5/19/11): There’s no sign of upward momentum in this chart. Things should
turn more negative as stimulus spending recedes and other government spending
is cut. This will coincide with the ending of Fed money printing. That should
all result in a continued economic slowdown, and lower revenue collections
leading to bigger deficits and greater than forecast Treasury supply.
Looking at other taxes
as of June 15, excise taxes were down 8% versus last year. Corporate taxes were
down 9.3%. Quarterly income taxes are due on June 15. The April 15 quarterly
tax take was only down 6% y/y. The drop in excise and corporate taxes are bad
signs for the economy, and again suggest that the government will need to
borrow far more in the months ahead than the Treasury had expected based on its rosy economic
assumptions. The Treasury market could be in for a shock when the size of new
auctions start coming in much larger than anticipated.
http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/tax2.jpg
Through June 15…’
Double Shot Primes Markets:
Dave's Daily ‘The Fed completed the largest POMO action since QE2 began
in September. Monday's POMO
("A Double Shot of My Baby's Love"?) came as markets were still
oversold, which relieved this condition but may leave us drumming our fingers
until after Wednesday's FOMC meeting results. Although stocks rallied modestly
Monday, volume was nearly 35% below last week's trading. The negative news overhang remains with most insiders
believing Greece will have to accept (at least superficially) the harsh terms
the IMF and ECB have announced. Behind the scenes American banksters led by
Bernanke and the Chinese, with skin in the game, are pressing hard for a deal.
Frankly, anything can happen but a breakup of the EU and the euro itself are on
the table. That said, the euro was stronger again as some believe a deal will
be made and that QE3 is inevitable no matter how they describe it. The current
buzz is "the twist" with the Fed forcing a cap on the two-year Treasury bond to keep short-term
rates low. This is dollar bearish. Beyond the focus on Wednesday's FOMC meeting
and Greece commodity prices were little changed, the dollar was weaker and
bonds were mixed. (I'm in NYC this week and this will reduce normal
commentaries.) As stated, volume was much weaker than last week and below
average but breadth per the WSJ was positive relieving technical oversold
conditions.’
Wall Street
ends higher, but weak volume a warning sign (Reuters) Stocks rose on Monday, as the latest development to
reduce Greece's debt helped draw buyers and the S&P 500 touched a key
support level, but anemic volume signaled the recent weakness ma...
Greek
Debt Restructuring Off the Table: EU Official CNBC | A restructuring of Greece’s 340 billion
euro ($481.5 billion) debt is not on the agenda.
Federal
Tax Receipts Show Economy Grinding to a Halt Wall St. Cheat Sheet June 20, 2011 ‘Markets closed up on Wall Street: Dow
+0.63% , S&P +0.54% , Nasdaq +0.50 , Oil +0.26, Gold +0.08% .
On the
commodities front, Oil (NYSE:USO) had a slight uptick, closing over $93 a barrel.
Precious metals were both up slightly with Gold (NYSE:GLD) adding $1.20 to close at $1,540.30 and
Silver (NYSE:SLV) showing modest gains of 0.70%, about 25 cents.
Today’s
markets were up because:
1) No Big Earnings
Reports . Just about every day it seems some big company announces dismal
earnings below expectations and their plummeting share prices pull down the
market. But today no such news. With the slowly recovering economy taking a
turn for the worse this past month, no news is good news. In the meantime,
check out our new Wall St. Cheat Sheet earnings sneak peeks: Micron
Technology Inc. Third Quarter Earnings Sneak Peek.
2) Hope for
Greece. EU leaders have expressed their confidence that a Greek aid package
will be decided upon shortly, and it seems likely they might be able to avoid a
default. The absence of bad news is giving the euro a boost. A resolution
should come any day now, and analysts expect investor relief to account for
significant gains on all the indices. Check Out: Greece
Getting Desperate, Will Sell off State Assets.
3) Big Individual
Company News. The indexes were all propped up today by a few big companies with
big gains. Ford (NYSE:F) shares were up as they announced plans to revamp
the Lincoln brand, while fellow Detroit-based competitor GM (NYSE:GM) also saw shares rise today. Wal-Mart
(NYSE:WMT) shares were up after they won their Supreme Court
sex bias case, while the healthcare and consumer discretionary sectors showed
the highest gains today, while the tech sector was also up with big gains from
Caterpillar (NYSE:CAT) and DuPont (NYSE:DD) leading the way. ‘
Leading
Financial Advisers and Trend Forecasters Urge People to Protect Themselves from
the Coming Unrest Jim Rogers just told people they should get ready to
protect themselves.
The
Next Global Credit Crisis: Why U.S. Banks and Greek Debt Will be the Toxic
Trigger Is history repeating? As I’ve previously noted, the second leg of
the great depression was caused by European defaults.
‘The
UK should NOT help bail-out Greece’ says Government official Britain will not fund a second EU bail out of
Greece, a Government official in Brussels said today.
How
Miserable? Index Says the Worst in 28 Years When it comes to measuring the
combination of unemployment and inflation, it doesn’t get much more miserable
than this.
After
Dumping 30% Of Its Treasury Holdings In Half A Year, Russia Warns It Will
Continue Selling US Debt Just in time for the end of QE2, when the US needs
every possible foreign buyer of US debt to step up to the plate, we get
confirmation that yet another major foreign central bank has decided to not
only not add to its US debt holdings, but to actively sell US Treasurys.
Leading
Financial Advisers and Trend Forecasters Urge People to Protect Themselves from
the Coming Unrest Jim Rogers just told people they should get ready to
protect themselves.
The
Next Global Credit Crisis: Why U.S. Banks and Greek Debt Will be the Toxic
Trigger Is history repeating? As I’ve previously noted, the second leg of
the great depression was caused by European defaults.
Russia to Lower
U.S. Debt Holdings Wall Street Journal | Russia will
likely continue lowering its U.S. debt holdings as Washington struggles to
contain a budget deficit and bolster a tepid economic recovery.
Spanish
protesters launch anti-austerity marches AFP | Seething
over the destruction of millions of jobs, welfare cuts and corruption, the
first of at least three nationwide marches set off from eastern Spain’s
Mediterranean city of Valencia.
Greek
Debt Restructuring Off the Table: EU Official CNBC | A
restructuring of Greece’s 340 billion euro ($481.5 billion) debt is not on the
agenda.
Report: Typical City Bus Contains No Fewer Than Four Erections
At Any Given Time www.theonion.com [ Your tax
dollars at work! ] WASHINGTON—A report from the U.S. Department of
Transportation confirmed Thursday that at any one time, the average American
city bus is occupied by at least four fully erect penises. "This
persistent level of physical arousal remains a mystery, as we have found no
link between these erections and either the attractiveness of fellow passengers
or the intensity of vehicle vibrations," the report read in part, also
noting that when one of the four engorged penises goes flaccid, another
immediately hardens, as if to take its place. "Four is just a minimum, of
course. During rush-hour traffic, there may be as many as 21 stiffened members
on a single bus, while off-peak erection counts often hover around five or even
six." The report's statistics do not include bus drivers, who are believed
to remain constantly erect throughout their shifts.
Siemens Says US
Workers Lack Skills CNBC.com | “There’s a mismatch between
the jobs that are available… and the people that we see out there.”
Bernanke
May Face ’Self-Induced Paralysis’ As a Princeton University professor, Ben
Bernanke castigated the Bank of Japan in 2000 for a “case of self-induced
paralysis” that led to a decade of stagnation.
Ron
Paul: Our Inflation Problem Will Be Much Worse Than 1970s Style Stagflation The
Federal Reserve is like a drug addict, according to presidential candidate and
Congressman Ron Paul, notorious for his hatred of the Fed and love of gold.
Another
Broker Halts Trading In Gold And Silver Products CMC Markets, a broker out
of Australia which offers Contracts For Difference (CFDs), has just formally
joined the increasingly larger group headed by Forex.com (discussed on
Saturday) which is now advising customers that gold and silver trading will be
prohibited in a month.
If
the Titanic sank today, here’s how the President, the media and Wall Street would
spin it (satire) What would all the world’s experts and authorities say
today if the Titanic were sinking but nobody was willing to admit it?
Stocks rally on b***s*** alone from the eurozone on a purported,
though unannounced plan by merkel and sarkozy (a zionist now preoccupied with
the Libya fiasco Drudgereport:
FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS
FOR HIS RIGHT TO BOMB LIBYA...) to avoid greek
default. Yet, default per se is not the problem. Indeed, China has already
said, correctly defacto if not technically, that america’s already is in
default [Drudgereport: CHINA:
USA 'ALREADY DEFAULTING'... ]. The reason for the meaninglessness of
the distinction is that sovereigns, ie., defacto bankrupt america, etc., can
continue to print currency thus debasing the value of same as alluded to by
China, thus as does inflation, ‘bankrupting the lender’. Importantly, there
just isn’t sufficient value on this entire planet and certainly on the
‘investable horizon’ to offset the worthless paper, toxic assets, among the
huge amounts of unrepayable debt (promises to pay) both intra-national and
international. The waning full moon also accounts for the action to the
upside as the lunatic, criminally insane, lunatics / frauds on fraudulent wall
street attempt to keep the other lunatics / suckers suckered with
contraindicated rally on insurmountably bad news (no, those new apartment
building construction numbers change nothing). This is all pre-2012 election
year unaffordable obfuscation of failure across the board. Amazingly, the
lunatics on wall street now have plenty of company worldwide, particularly that
nato / eu bunch bringing to mind that old adage of ‘apples not falling far from
the trees’, conversely speaking. Paying attention to Robert Lenzner, infra, and
Toby Connor, among others, is wise counsel. Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression Connor at Minyanville
Too
Soon To Buy The Dip In This Market at Forbes Sy Harding ‘Don't buy this
dip. After six straight down weeks the S&P 500 is down only 6% from its
April peak.
That’s not
near enough to factor all the negatives into stock prices. Those negatives
include the rapidly slowing U.S. economy, sharply rising global inflation,
plunging global markets as central banks raise interest rates to ward off
inflation, the cuts in government spending yet to hit the U.S. economy as
Washington and individual states tackle their record budget deficits, and the
end of the Fed’s QE2 stimulus program.
Yet already
Wall Street is assuring investors that the correction is over, and the lower
prices are presenting a buying opportunity.
Be careful.
After six straight down weeks the market is short-term oversold and due for a
brief rally off that oversold condition. But it’s strictly a technical
situation. The market doesn’t move in a straight line in either direction. In
strong rallies it periodically becomes short-term overbought and pulls back
some to alleviate that short-term overbought condition before the rally resumes
to new highs. In market corrections it periodically becomes short-term oversold
and rallies back up some to alleviate the short-term oversold condition before
the correction resumes.
Meanwhile,
although all financial firms have a staff of technical analysts keeping up with
the market’s technical condition, Wall Street grabs onto simple non-technical
explanations when making its attempts to keep investors buying.
So on
Thursday, it explained the market’s positive day as being a response to the
reports that new claims for unemployment fell by 16,000 in the previous week,
and new home starts were up 3.5% in May, claiming those are signs the economic
slowdown is bottoming.
They know that
reasoning is ridiculous. Unemployment claims jump up and down week-to-week for
a variety of reasons. Five weeks ago they declined a much larger 29,000 for the
week to a total of 409,000. They’ve been up and down since, and this week they
declined 16,000 to 414,000. But that’s more total claims for the week than
there were in mid-May. And new home starts rose 3.5%, but that was after an
8.8% decline in April, leaving them lower than in March and still scraping
along a depression-like 25-year low.
On Friday
morning the market continued its technical rally off the short-term oversold
condition. Wall Street said it was in response to French President Sarkozy’s
remarks that the EU will probably consent to a new bailout package for Greece.
A market strategist on a TV financial show said, “This is the catalyst a lot of
people were looking for to jump back into the market.”
Huh? That
Europe will kick the solution of the Greek debt crisis down the road again,
with another temporary bailout payment, has no connection whatever to slowing
global economies and rising inflation.
Meanwhile,
Wall Street ignored the reports that were important this week.
The Housing
Market Index, measuring the confidence of home-builders, plunged to just 13
this month (on a scale of 1 to 100), a nine-month low. Inflation at the
consumer level (CPI) was up 0.2% in May, now up 3.6% over the last 12 months,
more than double what it was a year ago. The NY State Mfg Index, and the Fed’s
Philadelphia Mfg Index, both plunged again this month, this time into negative
territory. The Philadelphia Index, often a precursor of the national reports,
plunged to -7.7 from +3.9 in May, +18.5 in April, and +43.4 in March. It was
the largest three-month collapse in the history of the report.
Meanwhile, as
global central banks raise interest rates and tighten monetary policies to
fight the rising inflation, slowing their economic growth, their stock markets
have been in serious corrections. And historically, global markets, including the
U.S., move pretty much in tandem with each other in both directions.
The world’s
ten largest economies behind the U.S. are China, Japan, Germany, France, the
United Kingdom, Brazil, Italy, Canada, India, and Russia. As a result of their
concerns about their slowing economies and rising inflation, their stock
markets are down an average of 12%, with most hitting new lows every few days,
no bottom in sight.
And Wall
Street is telling us the correction in the U.S. market is already over with a
decline of just 6%, and U.S. economic reports still coming in more negative
each month, and with more roadblocks to recovery still ahead?
Buy the dip?
I suggest
continuing to sell into any short-term strength that develops, and taking
positions in ‘inverse’ ETF’s and ‘inverse’ mutual funds, which are designed to
move opposite to the market and thus make gains in market corrections.
In
the interest of full disclosure my technical indicators triggered an
intermediate-term sell signal on the market on May 8, and I and my subscribers
have had profitable positions since in two ‘inverse’ ETFs, the ProShares Short
Russell 2000, symbol RWM, and the ProShares Short S&P 500, symbol SH. And
it is my intention to add to my downside positions in selected ‘inverse’ funds
in any short-term rally that develops.’
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed… an
especially great opportunity to sell / take profits while you still can since
there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.
Federal
Tax Receipts Show Economy Grinding to a Halt
Sell
On The Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite agree with Mr.
Lenzner who has resisted through sound judgment the temptations and implicit
pressures of the herd mentality on wall street. After all, bulls are cattle and
hardly known for their brain power. ] ‘ Don’t listen to all the
money managers selling their wares on tv ...’
National / World
Huge Marine Drill Confirms Ground Invasion of Libya Kurt
Nimmo | Exercise designed to test the capability of every type of
Marine Corps aircraft.
Supremes Rule EPA Final Arbiter on Carbon Dioxide Kurt
Nimmo | According to the high court, only the Environmental Protection
Agency has the authority to mandate a reduction in emissions.
U.N. Exploits Libyan Refugees, Calls for Taxing “Rich”
Nations Kurt Nimmo | NATO admits its illegal
bombing raids kill children and says it will investigate itself.
One Nation Under….The Military-Industrial Complex Paul
Joseph Watson | NBC edits out “under God” from pledge of allegiance
during US Open coverage, replaces it with worship of empire.
Video Exposing Google Chief Schmidt Censored by You Tube Paul
Joseph Watson | You Tube threatens to terminate Alex Jones Channel
over baseless Obama Joker “racism” claim.
Bilderberg-Approved Perry Set to Become Presidential
Frontrunner Paul Joseph Watson | Establishment to
insert George W. Bush 2.0 as spoiler for Ron Paul Revolution.
Alex Jones: I’m Labeled an Extremist for Telling The
Truth The Alex Jones Channel | Alex talks about
World War 3, now in implementation stage.
NATO’s
Terror Over Tripoli Tony Cartalucci | NATO declared
mid-May that it would be “increasing the range of targets” it could hit,
including “government infrastructure.”
Ron
Paul: “I Want To Legalize Freedom. What’s So Bad About That?” Congressman
Ron Paul fired back at an NBC host today for suggesting that he was a fringe
candidate in the 2012 GOP presidential race, despite the fact that Paul won
another straw poll over the weekend.
Supremes
Rule EPA Final Arbiter on Carbon Dioxide On Monday the Supreme Court
blocked a federal lawsuit launched by conservation groups to force power plants
to reduce so-called greenhouse gases. The ruling was 8-0.
U.N.
Exploits Libyan Refugees, Calls for Taxing “Rich” Nations Bureaucrats at
the United Nations want “rich” countries to tax their citizens to pay for an
exploding refugee problem, the Financial Times reports today.
Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel.
One
Nation Under….The Military-Industrial Complex NBC Sports has been forced to
apologize following an outcry after the network deliberately edited out the
words “under God,” from the US pledge of allegiance in a video segment for the
US Open that showed images of US troops, but the edit has nothing to do with
NBC’s purported “liberal bias” and everything to do with the fact that NBC is
owned by the US military-industrial complex.
‘Technical
Error’: NATO admits killing babies NATO has admitted that civilians were
killed in an air strike on a Tripoli suburb on Sunday. Gaddafi officials say
two babies were among the nine dead.
9/11
and the Orwellian Redefinition of “Conspiracy Theory” While we were not
watching, conspiracy theory has undergone Orwellian redefinition.
Barack
Obama impersonator hauled offstage at Republican gathering A comedian
impersonating Barack Obama at a gathering of Republican activists was ushered
offstage after making series of racially tinged jokes about the president’s
biracial background
Gold
Rises To New Record In GBP – Close to Near Record Highs In Euros And Most
Currencies On Global Debt Contagion Risk Gold is being supported as default
risk has increased after EU finance ministers failed to agree on a new Greek
loan package. Gold priced in sterling rose to new record nominal highs this
morning at £954.84/oz and the weakness of the euro has seen gold rise to
touching distance (9 euros) from new record highs in euro terms at €1,088/oz.
Bilderberg-Approved
Perry Set to Become Presidential Frontrunner Every indication suggests that
Bilderberg-approved Texas Governor Rick Perry is set to become the frontrunner
in the Republican race to challenge Barack Obama for the presidency,
illustrating once again how a shady, secretive and undemocratic global elite
holds the reigns of true power while Americans are distracted by the delusional
notion that they have a genuine choice in 2012.
The Elite’s Plan for Global Extermination Exposed by Dr.
Webster Tarpley Infowars.com | This interview
conclusively exposes scientific elite’s true agenda, world-wide genocide and
the formation of a global government to rule.
Video Exposing Google Chief Schmidt Censored by You Tube Paul
Joseph Watson | You Tube threatens to terminate Alex Jones Channel
over baseless Obama Joker “racism” claim.
‘Up To Seven Civilians Dead’ In Tripoli Air Strike Sky
News | Libyan officials have said up to seven civilians were killed in
a Nato air strike in eastern Tripoli in the early hours of Sunday morning.
US-NATO are Planning a Ground War in Libya, Military
Intervention in Syria Bob Chapman | Bilderberg
intended to launch new war in the Middle East, with Syria being its prime
target.
Ron Paul Wins RLC Straw Poll in a Landslide New
American | Ron Paul won the Republican Leadership Conference straw
poll by a landslide in New Orleans Saturday.
Senators Unconcerned About Massive Consequences Of Criminalizing
Embedding YouTube Videos Tech Dirt | They were
clearly made aware of problems with the bill, but directly chose not to make
any changes.
The Collapse of Nations All By The Hand Of Corrupt
Bankers Bob Chapman | The current situation
regarding the state of recovery in the US has turned from precarious to dismal.
Trading Of Over The Counter Gold And Silver To Be Illegal
Beginning July 15 Zero Hedge | We are waiting to
see which other dealers inform their customers that trading gold and silver
over the counter will soon be illegal.
Anti-austerity
protests spread across Europe Euronews | “Society is
paying for this crisis and that’s what we want to change.”
Greece
faces power outages due to austerity strike AP | Greece
faced power outages on Monday as employees at the main power utility began 48-hour
rolling strikes to protest the company’s privatization.
Clinton
on Syria: Astounding Lies, Zero Legitimacy Out of either desperation or
immeasurable hubris, Secretary of State Hillary Clinton has just attempted to
rewrite the last 3 months of history, contradicting her own department’s
statements made during the onset of the Syrian unrest.
World
Stocks, Crude Prices Fall After Europe Delays Greek Decision World stocks,
the euro and crude prices fell on Monday and bond yields in heavily indebted
euro zone countries jumped after the region’s finance ministers delayed a final
decision on extending emergency loans to Greece.
Syria
president insists he is loved as he condemns foreign conspiracy behind protests
Bashar al-Assad, the Syrian president, has blamed the unrest gripping his
country on foreign conspirators and Islamic extremists, insisting that his
people loved him more than ever.
Gates
warns Congress not to cut off Libya funds Defense Secretary Robert Gates
warned Congress on Sunday not to cut off funding for U.S. military involvement
in Libya and predicted that the operation targeting Libyan leader Muammar
Gaddafi’s forces will “end OK.”
US drops charges
against bin Laden Federal prosecutors dropped charges against Osama bin
Laden from attacks spanning more than a decade, officials said in court papers
filed in US District Court in New York Friday.
More
than 100,000 in Spain anti-crisis protests More than 100,000 protesters took to
the streets in Spain on Sunday blaming bankers and politicians for causing a
financial crisis that forced the country to adopt painful spending cuts.
Bombing Of
Civilians In Libya Deliberate? NATO’s bombing of civilians in Libya looks
as if it is deliberate.
NATO strike kills 15 Libyan civilians
BEIJING, June 21 (Xinhuanet) -- Libya's official government spokesman says 15
civilians were killed by a NATO airstrike on the home of one of Muammar
Gaddafi' top officials in Surman, 70 kilometers west of Tripoli.
Sen. Al
Franken: Congress must vote on Libya Sen. Al Franken (D-MN) said that
congressional approval would be needed to authorize continued U.S. military
intervention in Libya.
For
Greece, $160B wasn’t enough Officials involved in the financial rescue in
the spring of 2010 didn’t expect to be back so soon. (Washington Post) [ And
yet, this dire predicament for Greece mirroring a similar dour scenario
globally, and pervasively corrupt, defacto bankrupt america particularly is in
reality but a small part of the equally dour prospects for stocks. Stocks rally on b***s*** alone from
the eurozone on a purported, though unannounced plan by merkel and sarkozy (a
zionist now preoccupied with the Libya fiasco Drudgereport: FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not
Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...)
to avoid greek default. Yet, default per se is not the problem. Indeed, China
has already said, correctly defacto if not technically, that america’s already
is in default [Drudgereport: CHINA:
USA 'ALREADY DEFAULTING'... ]. The reason for the meaninglessness of
the distinction is that sovereigns, ie., defacto bankrupt america, etc., can
continue to print currency thus debasing the value of same as alluded to by
China, thus as does inflation, ‘bankrupting the lender’. Importantly, there
just isn’t sufficient value on this entire planet and certainly on the
‘investable horizon’ to offset the worthless paper, toxic assets, among the
huge amounts of unrepayable debt (promises to pay) both intra-national and
international. The waning full moon also accounts for the action to the
upside as the lunatic, criminally insane, lunatics / frauds on fraudulent wall
street attempt to keep the other lunatics / suckers suckered with
contraindicated rally on insurmountably bad news (no, those new apartment
building construction numbers change nothing). This is all pre-2012 election
year unaffordable obfuscation of failure across the board. Amazingly, the
lunatics on wall street now have plenty of company worldwide, particularly that
nato / eu bunch bringing to mind that old adage of ‘apples not falling far from
the trees’, conversely speaking. Paying attention to Robert Lenzner, infra, and
Toby Connor, among others, is wise counsel. Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression at Minyanville Toby Connor June
16, 2011 And this time it's going to be much, much worse than in 2008. ‘Don't
let the perma bulls fool you -- this is not a normal correction, and it has
nothing to do with Greece or Spain. This is the beginning of the next leg down
in the secular bear market
and the start of the next economic recession/depression. And this time it's
going to be much, much worse than it was in '08…’ The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed… an especially great
opportunity to sell / take profits while you still can since there's much worse
to come!
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (Washington Post) [ Ah, yes. The Puritans. Of noble purpose,
religious freedom, freedom generally did they come to these shores. A rare
exception to the influx of immigrants to this young nation who turned out to be
more a virus to the indigenous peoples of this land than what could have been
expected from those of noble calling. Indeed, in evolutionary terms, it’s doubtful
that those so positioned abroad would have represented a positive addition to
the gene pool which, borrowing from an insurance term, viz., adverse selection,
springs forth the notion of inevitability to the genocide of the indigenous
populations while guaranteeing the decline we see throughout this foundering
nation. The effects of these negative predispositions toward inherent
criminality is certainly being felt globally as well as domestically and has
little to recommend it. My own direct experience with the region(s)
(particularly new jersey, new york, virginia, connecticut, california) carves
out no exception for the prevalence of the worst of human nature; which is now
collectively and pervasively americana.
Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book ‘Goombata:
The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed… an
especially great opportunity to sell / take profits while you still can since
there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher.
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Carlyle
picks underwriters for IPO
(Washington Post) [ Clearly part of the problem. ‘Cashing out’ while the
‘goin’s good’, gettin' out while the gettin’s good? Well what else is wall
street for? Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed… an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘
‘Albert Edwards: Thinks the Market Could Fall 70%’ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Previous: Carlyle
Group planning IPO (Washington Post) [
Come on! Mr. Heath makes this sound like an almost public service
endeavor to serve the public interest in some vague, nondescript fashion (What
of real value do they do? … kind of like the fraudulent wall street
high-frequency trading churn-and-earn … Nothing! … Like parasitic termites
eating away at the foundation of the nation); poppy’s estate plan is maximized,
along with the other principal’s financial interests by cashing out through
this ‘public offering / scam’ as for the most part, this era of their ‘jig is
up’ . Meet The Carlyle Group
- Former World Leaders and Washington ... How will President George W. Bush make a personal fortune from the War on Terror? The
old fashioned way. He'll inherit it; Meet the Carlyle Group.
www.hereinreality.com/carlyle.html
How will President George W. Bush personally make
million$, if not billion$ from the War on Terror? The easy way. He'll inherit it.
Meet the Carlyle Group
Former World Leaders and Washington Insiders Making
Billions in the War on Terrorism
Bush Baker
Carlucci Darman Major
Ramos
http://www.angelfire.com/indie/pearly/htmls/bush-carlyle.html Investment giant says it will likely sell
shares. Defense Secretary Robert M. Gates tours eastern Afghanistan, days
before the Obama administration is scheduled to complete a major review of its
war strategy. ]
Wall
Street snaps six-week decline The Dow Jones closed in positive territory,
ending the longest series of weekly losses since 2002. (Washington Post) [. Stocks rally on b***s*** alone from
the eurozone on a purported, though unannounced plan by merkel and sarkozy (a
zionist now preoccupied with the Libya fiasco Drudgereport: FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not
Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...)
to avoid greek default. Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression at Minyanville Toby Connor June
16, 2011 And this time it's going to be much, much worse than in 2008. ‘Don't
let the perma bulls fool you -- this is not a normal correction, and it has
nothing to do with Greece or Spain. This is the beginning of the next leg down
in the secular bear market
and the start of the next economic recession/depression. And this time it's
going to be much, much worse than it was in '08…’ Yet, default
per se is not the problem. Indeed, China has already said, correctly defacto if
not technically, that america’s already is in default [Drudgereport: CHINA:
USA 'ALREADY DEFAULTING'... ]. The reason for the meaninglessness of
the distinction is that sovereigns, ie., defacto bankrupt america, etc., can
continue to print currency thus debasing the value of same as alluded to by
China, thus as does inflation, ‘bankrupting the lender’. Importantly, there
just isn’t sufficient value on this entire planet and certainly on the
‘investable horizon’ to offset the worthless paper, toxic assets, among the
huge amounts of unrepayable debt (promises to pay) both intra-national and
international. The waning full moon also accounts for the action to the
upside as the lunatic, criminally insane, lunatics / frauds on fraudulent wall
street attempt to keep the other lunatics / suckers suckered with
contraindicated rally on insurmountably bad news (no, those new apartment
building construction numbers change nothing). This is all pre-2012 election
year unaffordable obfuscation of failure across the board. Amazingly, the
lunatics on wall street now have plenty of company worldwide, particularly that
nato / eu bunch bringing to mind that old adage of ‘apples not falling far from
the trees’, conversely speaking. Paying attention to Robert Lenzner, infra, and
Toby Connor, among others, is wise counsel. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed… an especially great
opportunity to sell / take profits while you still can since there's much worse
to come!
Gaddafi
defiant as bombing continues NATO strikes the Libyan capital at the
four-month mark of the uprising that plunged country into civil war. Report:
Obama overruled lawyers on air war Boehner
sharpens criticism of Obama on Libya
(Washington Post) [ Drudgereport: PAPER:
2 Top Lawyers Lost to Obama in Libya War Policy Debate...
'Extraordinarily rare'... [ ‘WASHINGTON
— President Obama rejected the
views of top lawyers at the Pentagon and the Justice Department when he decided
that he had the legal authority to continue American military participation in
the air war in Libya without Congressional
authorization, according to officials familiar with internal administration
deliberations. Jeh C. Johnson, the Pentagon general counsel, and Caroline D.
Krass, the acting head of the Justice Department’s Office of Legal Counsel, had
told the White House that they believed that the United States military’s
activities in the NATO-led air war amounted to “hostilities.” Under the War Powers Resolution,
that would have required Mr. Obama to terminate or scale back the mission after
May 20…’ ]
Greek
rating now worst in the world...
CCC...
Likely
Default...
USA in
Even 'Worse Shape Financially Than Greece'...
Obama Launching World War III Infowars.com |
The international banking cartel is using Obama and the US military to start
World War III.
Globalists Call For
‘Big War’ The secret globalist group “Bilderberg” called for a big war by
expanding the turmoil in Libya into a full-scale conflict involving the entire
Middle East except for Israel. This is a grim and bloody outlook, because,
historically, every time Bilderberg orders war, the guns begin to shoot.
Gaddafi
on Libyan TV pledges to defeat NATO Libyan TV aired an audio speech from
leader Muammar Gaddafi on Friday in which he vowed to defeat the NATO alliance
trying to dislodge him from Tripoli.
Globalists Want Permanent Occupation of Iraq Paul
Joseph Watson | US has “no intentions of ever leaving” even as
December deadline nears.
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Drudgereport:
TEMPLETON
chairman: Financial Crisis 'Around Corner'...
'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
CHINA:
USA 'ALREADY DEFAULTING'...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
THE
NEW 'NORMAL'
Iraq
hunting $17 billion missing after U.S. invasion...
NATO
NIGHTMARE: 9 CIVILIANS KILLED [NATO strike kills 15 Libyan civilians]
German
Giant Says US Workers Lack Skills...
PAPER:
AMERICA'S LOST DECADE?
States
look to Internet taxes to close budget gaps...
SPANIARDS
ON MARCH OVER BLEAK PROSPECTS...
House will move this week to limit funding for effort in Libya...
'DON'T
BE SURPRISED IF ATHENS GOES UP IN FLAMES'...
GREEK
PM PLEADS FOR UNITY!
...warns
against default
Threat
to downgrade Italian debt raises contagion fears...
Bachmann:
Obama 'has failed' blacks, Hispanics... [ Come on! ‘Wobama the b’
(for b***s*** has failed everyone. ]
Presidential
no-show miffs Hispanics...
African-American
unemployment at 16%... [ But there’s rationality in this stat as
people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. ]
SHE'S
OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!)
...
Federal Tax Receipts Show Economy Grinding to a Halt
Sell
On The Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite agree with Mr.
Lenzner who has resisted through sound judgment the temptations and implicit
pressures of the herd mentality on wall street. After all, bulls are cattle and
hardly known for their brain power. ] ‘ Don’t listen to all the
money managers selling their wares on tv. Unfortunately, this is a
watershed moment for investors again– and I’m feared all the negatives in the
world are seeming to overwhelm. We are in midst of 7th straight week down.QE2
will end in 15 days– and it played a strong support system for equities–
up 25%, oil, up 25% and gold, up 25% ever since September, 2010 when Fed
Chairman Ben Bernanke signaled he wanted to increase the wealth on paper of
investors. If equities are on the way down– and the rout today overwhelmed the
gains yesterday– then you will experience the double whammy of stocks and
homes losing value at the same time– to what extent nobody knows. Money
center banks like Bank of America certainly face write-downs from their huge
portfolio of home mortgages. Wells Fargo, a Berkshire holding, is one of the
widest held stocks by the mutual fund industry. Yes, The Greek economy is in
deep trouble, but the larger problem is the holdings of European banks in the
loans of Greece, Ireland, Portugal, Spain and Italy. Already, Moodys is talking
about downgrading 3 major French banks. It’s the turn of the British and German
banks to face huge write-offs on their loans to troubled nations– and
secondarily the need to raise more capital themselves. I was informed this
morning that some large money market funds in the US may hold large amounts of
European bank paper, which could be difficult to liquidate in the current
market environment. We’ll try to check out which ones, but you may
recall that PIMCO lost most of the $3.4 billion in Lehman Brothers fixed income
securities it owned. Then, there’s the uncomfortable coincidence of the sell
off in the emerging nations, especially China where inflation is running at 6%,
and the understandable softness in major commodities like oil– $94 in the US
today, while the dollar rallied and gold looks to have lost its momentum.
Indeed, this is a watershed moment. Just because cash is yielding nothing is no
good reason to be 100% invested in common stocks.’
3 Reasons Why Friday’s Markets Were Mixed After Greek News June 17, 2011 Wall St. Cheat Sheet ‘Markets closed mixed on Wall Street: Dow +0.36% ,
S&P +0.30% , Nasdaq -0.28% , Crude -1.98 , Gold +0.63% .
On the
commodities front, Oil (NYSE:USO) continued to fall, closing at $93 a barrel, while
precious metals were both up slightly, with Gold (NYSE:GLD) adding nearly $10 to close at $1,539 and
Silver (NYSE:SLV) showing modest gains of 0.87%, about 30 cents.
Today’s
markets were mixed because:
1) Greece gets
on track . Sort of. German Chancellor Angela Merkel and French President
Nicolas Sarkozy both spoke Friday in a joint
news conference, stressing the fact that they were working to preserve the
stability of the euro while nearing a consensus on how to handle Greece’s
bailout that won’t require private sector involvement while also (hopefully)
preventing restructuring and default. The EU breathed a small, collective sigh
of relief after the conference, and the euro made a 1.28% gain against the U.S.
dollar.
2) Conflicting
Data. Again. The Conference Board announced today that the Leading Economic
Index for the U.S. showed an increase of 0.8% last in May , but a Thomson
Reuters survey showed that consumer sentiment in June dropped even more than
had been expected after being up in May. In the meantime, the housing market
continues to be poor, and unemployment is a consistent problem. Despite
yesterday’s announcement that jobless claims had decreased, companies like
Research in Motion (NASDAQ:RIMM) are having lay off workers as net profits and
revenue continue to decline.
3) Gas Prices
. The one tiny beacon of hope comes in the form of lower gas (NYSE:UGA) prices, which continue to fall off record highs
last month. Crude was trading over $100 a barrel last week but is now down
around $93 today, with gas prices between $3.50 and $3.70 in most states, well
below the $4-plus many were seeing in May. ‘
Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression at Minyanville Toby Connor June
16, 2011 And this time it's going to be much, much worse than in 2008. ‘Don't
let the perma bulls fool you -- this is not a normal correction, and it has
nothing to do with Greece or Spain. This is the beginning of the next leg down
in the secular bear market
and the start of the next economic recession/depression. And this time it's
going to be much, much worse than it was in '08.
For months now I've been warning
investors to get out of the general stock market. I was confident that once
the dollar put in its three-year cycle low the next deflationary period would
begin and stocks
would enter the third leg down in the secular bear market.
Well, the dollar did put in the major three-year cycle bottom in May and stocks
almost immediately started to head down. This won't end until stocks drop down
into the four-year cycle low due sometime in mid to late 2012.
Let me explain to you what is unfolding so you don't listen to Wall Street or
CNBC and get sucked down into the next bear market.
In a healthy bull market, intermediate degree corrections hold well above the
prior cycle troughs. Higher highs and higher lows. When that pattern of higher
highs and higher lows on an intermediate time frame gets violated it is almost
always a sign that the market is topping. We are at that stage now as the
market is moving down to test the March intermediate cycle low.
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%201.jpg
Oil has already violated its intermediate bottom. Energy stocks are a big part
of the S&P and they are going to be a big drag on the index going forward.
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/Bear%20chart%202.jpg
Click to enlarge
In a healthy bull market we shouldn't even come close to testing the March low.
Actually this market hasn't been healthy since last summer. That was the point
at which I recognized the large megaphone topping pattern that was being driven
by a double dose of quantitative easing (QE).
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%203.jpg
Last year the market was able to push higher for almost a month on momentum
after QE1 ended. This market has already rolled over even though QE2 isn't
scheduled to stop until the end of June. The conclusion is that the market is
much weaker now than it was when QE1 ended. We all know what happened last year
when the money pumps were shut off. It led to the flash crash and a severe stock
market correction. It would have led to a new bear market except Ben Bernanke
quickly started QE2.
Actually QE is the reason the market is in trouble. Just like I said over two
years ago, all QE did was give us a brief reprieve and temporarily reflated
asset markets. I knew all along it wouldn't create jobs, and it didn't. (Well,
I guess a few bankers got to keep their jobs and pay themselves some big
bonuses, but the general population was never going to prosper from QE.)
As a matter of fact, just as I said it would, QE ultimately spiked commodity
inflation, and just like I knew it would, commodity inflation has now poisoned
the global economy, crushed discretionary spending, squeezed profit margins,
and is sending the world down into the next recession.
Unfortunately we are entering this recession in a much weaker state than we
went into the last one. Real unemployment is somewhere around 12-15%. It is
going to get much, much worse. I often wonder how in the world we could appoint
the people we did to run our monetary policy. How many times must they make the
same mistake before they figure out that they are the cause of our problems?
But enough Fed ranting -- back to the market.
Not only do we have a market that is testing the
prior intermediate cycle low when it shouldn't be, we also have a clear topping
pattern in place. Just like in '07 the market managed a marginal breakout to
new highs in May that failed to follow through. You can see the same thing
occurred in October of '07. This is quite often how markets top...or bottom for
that matter. A technical level is breached; technicians either buy the breakout
or sell the breakdown. Smart money fades the move and the market reverses. This
is exactly how the '07 top was formed. It's also how the market bottomed in
'02. And now the cyclical bull has topped with that exact same reversal pattern
in 2011.
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%204.jpg
This isn't the only warning sign, unfortunately. The banks and housing have
been diverging from the rest of the market for some time. These two sectors are
still impaired and will remain so no matter how much money the Fed throws at
them. They led the market down into the last bear and they are leading it into
the next bear.
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%205%20good.jpg
Here is what I expect to happen over the next two months: We should soon test
the 1249 intermediate cycle low. Actually I think we will probably marginally
break below that level. As most of you probably know by now, breakdowns and
breakouts almost always fail to follow through. So I expect we will see a
violent countertrend rally once the March low is penetrated. That should wipe
out all the technicians who sell into the breakdown.
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%206.jpg
However the rally, although I'm sure it will be convincing, will almost
certainly be a countertrend affair that will quickly fail. The problem is that
the current daily cycle is only on day 12. That cycle on average runs 35-45
days trough to trough. So once the counter trend rally has run its course we
should have another leg down. And that leg down will almost certainly cause
tremendous damage to the global stock
markets.
Once the market penetrates the coming low it shouldn't be long before traders
recognize that something is terribly wrong. At that point everyone is going to
head for the exits at the same time which should lead to some kind of waterfall
decline bottoming around the middle of August. This is when I expect Bernanke
to freak out and initiate QE3. I have no doubt the market will rally violently
on the news as traders have become conditioned to expect QE to drive stocks
higher. I expect we will see the market test and maybe even penetrate the
200-day moving
average during the fall rally.
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%207.jpg
However this, too, will only be a countertrend affair. QE is the cause of our
problems and more of it isn't going to make things better, it will only make
them worse as it will start to spike commodity prices again into a rapidly
weakening economy. Remember, spiking commodity inflation is what caused this in
the first place. Doing it again as the economy rolls over into recession is
only going to guarantee that this turns into a depression instead of just a
severe recession.
Traders
and investors need to start preparing for what's ahead. If you are still
invested in the general stock market, I believe you should exit -- either now,
or into the rally that should come off the March lows in the next week or two.
Don't get fooled by the analysts who will be telling you the correction is over
-- it won't be. This won't be over until late July or early August.
Get back into dollar-denominated assets
as the dollar will continue to rally and gain purchasing power in a
deflationary environment.
Once it's appropriate we will transfer assets back into gold and precious
metals, but it's still too early for that. Gold needs to move down into an
intermediate cycle low before we want to buy. My best guess is gold will dip
down to somewhere around $1400 over the next four to five weeks.’
Worst
Market In Nine Years Spells Worsening Woes at Forbes Robert Lenzner StreetTalk …
All this
hasn’t punctured the wishful thinking at the Fed and on Wall Street,
where corporate profits are expected to prove stock prices are too cheap.
Here’s the list of the wishful thinking items I heard or read
today;
*There won’t
be a default on US debt– or even a reduced credit rating. I have to admit
a gnawing anxiety about resolving budget cuts sufficient to raise the
debt limit by trillions. Yes, trillions. Could there really be a
political stalemate and flirtation with a crisis over our finances? I’m
beginning to think the worst of all possible worlds. China and Germany are
looking to reduce our credit rating. Comes the revolution, an overthrow of
American financial superiority.
*Oil prices
will decline and that development will allow consumers to spend
money and stimulate the economy. Maybe they will– and maybe they won’t. Rules
should installed to limit speculation in energy futures by institutional
investors.
*We are close
to a bottom in housing. My answer; we’ve been told we were close to
a bottom for many months now– and it’s an absurd notion. Yale’s Schiller is
suggesting the loss in housing values could be another 10-20%. Goldman Sachs
called this horror story over a year ago.
* If the
economy doesn’t pick up, Fed Chief Bernanke will declare QE3. Except that QE2
failed to create jobs or economic activity. It only served to help speculators
in gold, silver and oil. There will be an outcry if QE3 is declared as it only
helps the gold lovers– and they are already filthy rich.
* The bank
stocks are selling below book value; their balance sheets are clean. It’s an
enormous buying opportunity. Then, why was there talk about busting up Morgan
Stanley today. Liquidating a major investment bank? Now, that’s a
devilish sign of serious trouble on the horizon.
*Here’s the
most unhealthy element that’s operative; corporate profits and executive
compensation have been strong– while wages for ordinary Americans are lower.
“What is to be done?” asked Lenin in 1917. Neither the White House nor
Wall Street know what to do to turn this decline around.
We are all
being challenged by a deterioration that seems to have no obvious public policy
solution. Pain is coming.’
Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday with a startling market
prognostication from David Brooks, conservative columnist for the NY Times.
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall Street this week,” Brooks said. “They’re vastly underestimating the source of piolitical risk
here. We could have a major problem, I think, either this summer or the next
couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities
Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating long-term economic
decline..’
] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the
end of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war
in Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Davis ‘This is how we pay
off our current debts and I think bondholders are simply happy to get anything
out of a country that admits it owes $15Tn (1/4 of global GDP) but probably
owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities.
The funniest thing about this (and you have to laugh) is to see Conservative
pundits get on TV and talk about how we need to cut $100Bn worth of
discretionary spending to "fix" this (while continuing to spend $1Tn
on the military and $1Tn on tax cuts for the top 1% each year). There is no
fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
Where
Is The Recovery? I Cannot Seem To Find It Tony Pallotta |
If the US government reduced spending by 40% today, right this second we still
could not put a dent in a $12 trillion national debt.
Sen.
Sanders Spurs Return to ‘Made in America’: Says U.S. Future Depends on It The
Daily Ticker [Who would be foolish enough to say Sen. Sanders’ heart isn’t in
the right place from the perspective of a u.s. senator. Yet, who would be so
foolish as to not realize how foolish such a statement is in evincing a clear
lack of understanding in terms of business, tooling, retooling, investment and
return on investment, minimum or less wages, etc., and decades if at all to
accomplish. The reality is that they can’t unring the bell that they themselves
rung, even laughing as they did so at, for example, Ross Perot who admonished
all. The futility of the belated rhetoric is that it can’t be accomplished in
the foreseeable future that counts. ]
Are we in for a Double-Dip? [ Yes! ] Simon
Maierhofer June
17, 2011 ‘Over the past few
weeks various economic indicators have been building a coffin for the U.S.
economy. Is the last nail about to be hammered in?
Before
we entertain the much dreaded D-D word (Double Dip), let's take a look at some
of the economic numbers and see if it's really that bad.
Housing
Market
May's
data for housing was all bad. It started out with weak housing starts reported
on May 17 and continued with worse than expected pending home sales (May 27)
and an S&P/Case-Shiller Home Price Index that dipped to the lowest level
since March 2003.
The
discrepancy between the performance of real estate (NYSEArca: IYR
- News),
REIT ETFs (NYSEArca: VNQ - News),
and the actual real estate market has long highlighted the absurd power of QE2
to lift stocks but leave the rest of the economy in the dust.
The
chart below shows the performance of the S&P/Case-Shiller Home Price Index
(20-Composite).
http://www.etfguide.com//contributor/UserFiles/8/Image/SPCase-Shiller.gif
Unemployment
This
weekend's Wall Street Journal put a positive spin on the jobless report and
simply stated: 'Job market loses momentum.' If you really look at the numbers,
you'll see that the jobless recovery never had any momentum.
It's
taken a lot of lipstick and statistical alchemy, such as excluding workers
that have been out of a job for more than 99 weeks and simply decreasing the
workforce, to keep this 'pig' more presentable than it really is.
Consumer Confidence
Consider
this for a moment. In May 2011, small caps (NYSEArca: IWM
- News)
and mid caps (NYSEArca: IWR - News)
reached an all-time high. I won't spend time pointing out how contradictory
this is to the global economic (NYSEArca: EFA
- News)
picture.
Despite
certain segments of the market being at all-time highs and the Dow Jones (DJI:
^DJI), S&P (SNP: ^GSPC), and Nasdaq (Nasdaq: ^IXIC) at new recovery highs,
the Consumer Board's Consumer Confidence Index was at a dismal 60.8 in May.
http://www.etfguide.com//contributor/UserFiles/8/Image/CCB%20Confidence%20Index.gif
As
the above chart shows, the average reading since 1967 is 94.5. The current
reading is lower than it was after the 9-11 attacks and about as low as in
2002. Consumer spending accounts for 75% of GDP. What happens if the consumer
doesn't feel confident?
Worse than Expected
Other
worse than expected numbers in May came from the Empire State Manufacturing
Survey, Redbook Retail Survey, Philly Fed Survey, Durable Goods Orders, GDP,
Chicago PMI, and the ISM Manufacturing Report.
They
were worse than expected because economists - who are generally bullish at the
top and bearish at the bottom - expected much better numbers. Thanks to
Citigroup, it is now possible to quantify just how right or wrong economists
are.
The
Citigroup Economic Surprise Index measures actual data outcome relative to
consensus expectations. A positive index reading means that economic releases
have, on balance, been beating consensus estimates. As of June 2, the index was
at -91 (see chart below). By June 16 it had dropped to -101.
http://www.etfguide.com//contributor/UserFiles/8/Image/Citigroup%20ESI.gif
Dare to be Different
Unlike
most economists, the ETF Profit Strategy Newsletter expected the market to peak
out after an April rally. Following a low-risk entry against major Fibonacci
support at 1,255 in March, the S&P formed a rare bullish dragonfly doji.
The Newsletter's forecast for the month of April (issued on April 3) read as
follows:
'A
dragonfly doji generally carries bullish implications. Considering the overall
technical picture and the bullish April seasonality, higher prices seem likely
and odds favor a buy the dips strategy over the next 1-3 weeks. There is a
fairly strong Fibonacci projection resistance at 1,369. In terms of resistance
levels, the 1,369 - 1,xxx (reserved for subscribers) range is a strong
candidate for a reversal of potentially historic proportions.'
The
importance of 1,369 was re-emphasized again on May 1, with a recommendation for
aggressive investors to short the S&P against 1,369. Following a 46-month
low in the VIX (Chicago Options: ^VIX) on Friday April 29, the S&P topped
on Monday May 1, at 1,370 and hasn't really looked back since.
Adjusting the Sensors
The
purpose of any sensor, gauge, or indicator is to signal trouble before it
happens. A 'Check Engine' light doesn't help much if it lights up after
the engine blows. The proverbial canary in the coal mine is vital because it
smells toxic gases before anyone else does.
Unfortunately,
Wall Street doesn't subscribe to the concept of prevention, and neither do
economists. If they did, there wouldn't have been a 2002 tech crash (NYSEArca: XLK
- News),
a 2005 real-estate crash, or a 2007 financial crash (NYSEArca: XLF
- News).
Many
economic indicators (and the economy) never really recovered. Normally this is
reflected in stock prices. However, like a muzzle, QE2 has restrained the stock
market from expressing its feelings freely. Investors may hope that Mr.
Bernanke will unleash some version of QE3, but now is not the time to base
investment decisions on hope. After a 100%+ rally from the 2009 low, the easy
money has been made…’
16
Meaningless Market Phrases That Will Make You Sound Smart On TV The
Daily Ticker
Here
are the16
Meaningless Market Phrases That Will Make You Sound Smart On TV
CNBC's
15 Most Embarrassing Bloopers Slideshow Thwarter on Nov 4, 12:20 PM said:
Here's
a complete list for those of you who have better things to do than waste your
time indulging this site's desperate ploy for clicks:
Charlie Gasparino's F-Bomb
Live Toilet Flushing With Larry Summers
Jeff Macke Has Weird On-Air Meltdown
Michelle Caruso-Cabrera Calls "Bullshit" On Obama
Mortgage Lawyer Sinks Into Water
Illuminati to Blame for Economy's Woes
CNBC Screws Up Microsoft Earnings Call
Analyst Has A Weird Moment
Paul Volcker Walks Out On Maria Bartiromo
Dan Lyons Rips Into Jim Goldman
Charlie Gasparino's "What I Got" Episode
Not a blooper, just a pure homerun: Rick Santelli's "Rant of the
Year"
Brilliant: Cramer's Prescient Market Meltdown
Another amazing moment: Cramer Freaks Out, Attacks Guest
Another instant classic: Obama Swats Fly During Interview
[video]Trader:
Dow Could Drop to 10,500 TheStreet.com TV
The day in 2011 that will change your life – overnight(!) WARNING: What you are about to see is controversial, and may be
offensive to some audiences. Viewer discretion is advised. http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR
IMF
cuts U.S. growth forecast, warns of crisis Reuters | The
IMF, in its regular assessment of global economic prospects, said bigger
threats to growth had emerged since its previous report in April.
How
Miserable? Index Says the Worst in 28 Years When it comes to measuring the
combination of unemployment and inflation, it doesn’t get much more miserable
than this.
Top
4 Reasons To Tell Everyone You Know About the Coming Wealth Transfer Oftentimes,
we feel like we are wandering the labyrinth of life without anything really
happening.
Greek
debt crisis: billions more will be pumped in to rescue Greece The
International Monetary Fund is preparing to pump more money into Greece’s
stricken economy in an attempt to calm turmoil on the financial markets.
Europe’s
‘Lehman Moment’ Looms as Greek Debt Unravels Markets: Euro Credit The
European Union’s failure to contain the Greek debt crisis is sending fresh
shockwaves through currencies, money markets, equities and derivatives.
National / World
War On Syria: EU Imposes Sanctions Kurt
Nimmo | Pentagon preparing for new wars in the Middle East.
Texas State Officials Groped By TSA As “Punishment” Steve
Watson | Agents admit forceful pat-downs were conducted when officials
opted out from body scanners.
Obama Launching World War III Infowars.com |
The international banking cartel is using Obama and the US military to start
World War III.
FBI Says Somali al-Qaeda May Attack Hotels Kurt
Nimmo | Globalists moving into Yemen and Africa in a big way.
Apple wants to turn off iPhone cameras RT
| Apple users have often found workarounds for many of the iPhones features
since it was released.
US Naval and Troop Movements Toward North Africa, Middle
East As Syrian Destabilization Escalates Webster Tarpley
| If Obama continues to bomb Libya beyond next Monday he will be impeachment
bait.
Globalists Want Permanent Occupation of Iraq Paul
Joseph Watson | US has “no intentions of ever leaving” even as
December deadline nears.
Goldman, JP Morgan Have Now Become A Commodity Cartel Tyler
Durden | As They Slowly Recreate De Beers’ Diamond Monopoly.
Are
Hacker Attacks False Flag Attacks to Justify a Crackdown on the Internet? LulzSec
hasn’t demanded democracy, freedom, justice or any other worthy goals. They are
just attacking websites. [ I personally believe a majority of the hacks are
american cia / nsa sponsored. ]
Globalists Call For
‘Big War’ The secret globalist group “Bilderberg” called for a big war by
expanding the turmoil in Libya into a full-scale conflict involving the entire
Middle East except for Israel. This is a grim and bloody outlook, because,
historically, every time Bilderberg orders war, the guns begin to shoot.
Gaddafi
on Libyan TV pledges to defeat NATO Libyan TV aired an audio speech from
leader Muammar Gaddafi on Friday in which he vowed to defeat the NATO alliance
trying to dislodge him from Tripoli.
FBI Says
Somali al-Qaeda May Attack Hotels Authorities in the United States are
warning that al-Qaeda in Somalia plans to launch a Mumbai-style attack on the
Ritz Carlton in London.
Obama Launching World
War III In this critically important update, Alex warns that the
international banking cartel is using Obama and the US military to start World
War III.
Globalists
Want Permanent Occupation of Iraq Despite the fact that U.S. troops are
scheduled to leave Iraq later this year, chatter arising out of the recent
Bilderberg conference in St. Moritz strongly suggests that the occupation will
be prolonged indefinitely, even as US military forces prepare for new
interventions in Libya and Syria.
Goldman,
JP Morgan Have Now Become A Commodity Cartel As They Slowly Recreate De Beers’
Diamond Monopoly About a month ago we reported on an inquiry launched into
JPM’s “anti-competitive” and “monopolistic” practices on the LME which have
resulted in artificially high prices for a series of commodities which had been
hoarded by the Too Big To Fail bank.
Ron Paul: Bold
Economic Leadership Ron Paul has proven to be the voice of reason in
American politics. For over three decades, he has been consistently and
vigilantly sounding the alarm on runaway government spending and the out of
control, destructive policies of the Federal Reserve System.
Is
Obama About to Install a Commie at the Pentagon? Leon Panetta, Obama’s man
at the CIA that he wants to send on to the Defense Department, is a Marxist
according to Aaron Klein, writing for WorldNetDaily.
America
Is Being Raped … Just Like Greece and Other Countries The war between
liberals and conservatives is a false divide-and-conquer dog-and-pony show
created by the powers that be to keep the American people divided and
distracted.
Fluoride Is Good For You
:) Luke was onsite in Dundalk and decided to interview Walter Graham about
the ongoing stupidity of water fluoridation. Luke himself thinks that fluoride
is great for the teeth but Walter decided to inform him of the truth.
INFOWARS
EXCLUSIVE: Military Sources Reveal Ground Force Invasion of Libya Infowars.com
has received alarming reports from within the ranks of military stationed at
Ft. Hood, Texas confirming plans to initiate a full-scale U.S.-led ground
invasion in Libya and deploy troops by October.
Nigel
Farage: Bankers+politicians = ‘unholy alliance’ vs people Renowned
Eurosceptic and British Euro MP Nigel Farage says saving the banks is why
politicians are so determined to bail out Greece and keep it in the Eurozone.
Land
of the Free? New York, New Jersey and California come out at the bottom of
individual freedoms study Read more: http://www.dailymail.co.uk/news/article-2003910/New-York-New-Jersey-California-come-individual-freedoms-study.html#ixzz1PbgPZAy5
‘American
Exceptionalism’ Just More NWO Rhetoric During the 2012 election campaign,
you’ll probably be hearing a lot about “American exceptionalism,” particularly
from the Republican presidential candidates. [ The only american exceptionalism
today is in fraud, crime, and mental illness. Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Pressed
by party, Weiner resigns N.Y.
congressman decides to step down following revelations that he sent sexually
explicit messages and photos to women online. (Washington Post) [Drudgereport: WEINER
ROASTED... [ Ah, yes. Weeny
roast indeed. Ain’t gonna’ have Tony to kick around anymore. The end of a saga
as Tony Weiner resigns. Truth be told, I’m a bit surprised. After all, as
stated in a soundbite of a new york voter, ‘they (the rest of congress) are
worse than him!’ Difficult to dispute. The truth, that is. Kind of like that scene in ‘Road to
Perdition’ of mob boss Newman’s retort to hitman / enforcer Hanks, ‘there are
only murderers in this room’. Point well-taken. After all, they backed bush’s
war crimes, covered up wall street’s crisis-causing frauds in the trillions
even to this day, are venal and corrupt even as they, along with the executive
branch, scoffed at straight-shooters as Ross Perot who highlighted what is now
recognized as gross incompetence, extended their tainted touch to the quid pro
quo federal courts, etc.. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
Press
conference turns into circus...
NO HUMA...
MSNBC
Host: 'Reminded me of Saddam Hussein hanging'...
REPORT:
Could Run For Seat Again in Upcoming Special Election...
Congressman
Joins Jobless Ranks...
...Approached
for 'Entourage' Cameo
NEW
PHOTOS: Weiner Used Congressional Gym As 'Sexy' Backdrop...
Entering
'psychological treatment center'...
PELOSI:
OUT... DNC
BOSS: RESIGN...
Boehner
gets laughs with quip...
PELOSI:
You gotta' go...
DNC BOSS: RESIGN...
Chorus
to quit grows...
WEINER
WON'T GO
Cops
probe texts to teen girl...
MSG:
'Large. Tights and cape'...
Weiner
admits, says they were harmless...
Rangel
defends: 'He wasn't going out with little boys'...
THE NEW TACK: Dem rep sick, needs treatment to 'make himself
well'...
New
X-rated Weiner photo hits web...
Weiner:
That's my weiner, too...
Another
Weiner Sexter Emerges...
POLITICO
on Weiner: 'Dam is breaking'...
DEMS
BAILING...
Old
Flame Calls on Him to Quit... ‘…he transcript of a nine-month "sexting"
relationship Weiner had with a Las
Vegas blackjack dealer. Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his
other views of women, he tells her, “I hear liberal girls are very, uh, accommodating
of other[s],” playing on a bogus stereotype that politically liberal women are
promiscuous. When he asks the woman, who is Jewish, “You give good h**d?” and
she says yes, he exclaims: “Wow a Jewish girl who sucks c***! this thing is
ready to do damage.” ‘[ What a total mental case! ]
REPORT:
Weiner coached woman to lie...
TMZ:
Offered PR help...
Dems
Begin Peeling Off...
Breitbart
says he has X-rated photo...
WHACKED,
NOT HACKED!
'Used govt. resources'...
Breitbart:
'I Want To Hear Truth'...
6
'inappropriate' relationships...
ABCNEWS:
Mystery Woman Revealed...
HER
STORY...
Risqué
Online Chats, Photo Swaps...
SLIDESHOW...
VIDEO:
'Web of lies'...
TWITTER TEARS: WEINER ADMITS
REPORT:
Woman claims to have 200 explicit messages from NY Dem...
IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to
make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked,
a key clue has been missing: exactly how the notorious groin pic was posted
online. But according to data provided exclusively to The Daily from
TweetCongress.org, a nonprofit website that captures each member of Congress’s
Twitter feeds in real time, the shot seen round the world was transmitted using
TweetDeck — a popular Adobe desktop application that links up with social
networking sites. A review of Weiner’s Twitter stream from May 27, the day of
the crotch pic, shows that Weiner had been posting only from TweetDeck — one of
many ways to post messages to Twitter — that entire night. Chet Wisniewski, a
senior security adviser at security software company SophosLabs, said the
TweetDeck stamp “does make it more plausible that it did come from him.” Weiner
used TweetDeck frequently, but he often also posted from the Web directly or
from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have
been hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner
admits he sent lewd picture; won't quit (AP) - After days of denials, a choked-up Rep.
Anthony Weiner confessed Monday that he tweeted a photo of his bulging
underpants to a young woman, and he also admitted to "inappropriate"
excha...’ Tearful US
congressman admits to crotch photos (AFP) ]
'This
Could Be The End For Him'...
’Pot Calls
Kettle Black’: Donald
Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald Trump has a new target, and boy does
he look pleased. "The fact is, Anthony Weiner is a bad guy," the
Celebrity Apprentice honcho, who recently decided against running for...
'Have
You Ever Taken A Picture Like This Of Yourself?'...
WEINER
CALLS COPS ON CBS WASHINGTON (CBSNewYork)
— ‘Congressman Anthony Weiner said Thursday he’s finished talking about the
lewd photo sent from his Twitter account.But he still wouldn’t say whether
he’s the one in the picture.So CBS 2 political reporter Marcia Kramer decided
to go to his office on Capitol Hill to try to get you some answers.You’ll never
believe what happened.Kramer tried to get an interview with the six-term New
York Democrat and as a result had the cops called on her.Kramer walked in to
Weiner’s office, announced herself as being from CBS 2 in New York City and
said she’d like to see the congressman. Those few words created quite the stir.
Doors slammed and people pretended she wasn’t there ...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’!
‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect
from national drain / sinkhole new york (new york / new jersey metro). I
haven’t read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book ‘Goombata:
The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
NSA,
Internet carriers collaborating
Program is deploying tools to scan major defense contractors’ traffic in
hopes of thwarting cyberattacks.
(Washington Post) [ Oh come on! News? Even before google’s overt relationship
with the NSA (their bots don’t need internet carrier collaboration), I
presumed, and I believe correctly, virtually anything on your screen or the
web’s available to them (there are also backdoors through identifying intel
chips, and microsoft’s monopoly depends on cooperation, etc.). I’ve certainly
been hacked more than once. The ‘cloud’ is a laugher in that regard. Facebook
Censoring Some Alternative News Sites While Allowing Hackers To Attack Others Infowars.com Facebook now appears to be
censoring some alternative news sites while allowing hackers to go after
others. It is no wonder they lost 6 Million users in the US last month. Google
denies special deal for Barack Obama Infowars.com Google denied Wednesday that it gave President Barack
Obama’s re-election campaign special access to a new advertising program,
something a sales representative from the search and advertising giant had
claimed in an email to customers. The Cloud: Trojan Horse For Internet Takeover [ I must agree and find it difficult to
imagine any rational person giving over to the cloud their own computer ops. ] Paul
Joseph Watson | Welcome to a corporate, cable TV-style world wide
web. Change:
First Lady Wants Hollywood to Excrete Even More Pro Military Propaganda Michelle
Obama wants to see more stories of military families on TV and in movies, so
she came to Hollywood to do something about it. Drudgereport: Protesters burn American flag during Obama visit to Puerto
Rico -- a
U.S. territory... I find even his retirement costs
objectionable. Obama: My
family is ‘fine’ with one term Politico | President Barack
Obama says his family is “not invested” in a second term. The unctuous
pandering by the wobamas is nauseating. And, michele’s fundraisers? What’s up
with that? Wobama’s such a glomming golem / slug. Obama
says if he were Weiner, he’d resign
President Obama on Monday waded into the debate over whether embattled
Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to
be with your Presidential camp, who is alleged to claim that someone claiming
to represent me called asking for $100,000, to keep me from coming forward
about our (Obama and I) November 1999 encounter of sex and cocaine use?), ...
Obama is just another Banksters' moll prostituting himself .., and that's why
he supported the grotesque bail-out of the banking system and why he will
always put their interests before the people. http://albertpeia.com/obamadeceptionhighqualityversion.flv
Afghans
prepare to take over security In areas where Afghan forces will be taking
control from foreign troops next month, emotions are mixed. (Washington Post)
[ Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan; indeed they are. [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones
FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- … an
especially great opportunity to sell / take profits while you still can since
there's much worse to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
]
Greece
teeters amid default risk Athens reshuffles cabinet and works to convince a
nation to stand behind a new round of spending cuts. (Washington Post) [Sell
On The Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite agree with Mr.
Lenzner who has resisted through sound judgment the temptations and implicit
pressures of the herd mentality on wall street. After all, bulls are cattle and
hardly known for their brain power. ] ‘ Don’t listen to all the
money managers selling their wares on tv. Unfortunately, this is a
watershed moment for investors again– and I’m feared all the negatives in the
world are seeming to overwhelm. .. Yes, The Greek economy is in deep trouble,
but the larger problem is the holdings of European banks in the loans of
Greece, Ireland, Portugal, Spain and Italy. Already, Moodys is talking about
downgrading 3 major French banks. It’s the turn of the British and German banks
to face huge write-offs on their loans to troubled nations– and secondarily the
need to raise more capital themselves. I was informed this morning that some
large money market funds in the US may hold large amounts of European bank
paper, which could be difficult to liquidate in the current market
environment. We’ll try to check out which ones, but you may recall
that PIMCO lost most of the $3.4 billion in Lehman Brothers fixed income
securities it owned. Then, there’s the uncomfortable coincidence of the sell
off in the emerging nations, especially China where inflation is running at 6%,
and the understandable softness in major commodities like oil– $94 in the US
today, while the dollar rallied and gold looks to have lost its momentum.
Indeed, this is a watershed moment. Just because cash is yielding nothing is no
good reason to be 100% invested in common stocks.’
Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression at Minyanville Toby Connor June
16, 2011 And this time it's going to be much, much worse than in 2008. ‘Don't
let the perma bulls fool you -- this is not a normal correction, and it has
nothing to do with Greece or Spain. This is the beginning of the next leg down
in the secular bear market
and the start of the next economic recession/depression. And this time it's
going to be much, much worse than it was in '08. For months now I've been warning
investors to get out of the general stock market…’
Daley’s courtship of executives hits rough
patch White House Chief of Staff William M. Daley, meeting with a group of
manufacturing executives in Washington, finds an exasperated crowd airing their
grievances over the president’s policies. (Washington Post) [ Courtship … rough patch … sounds likes excerpts
from a group family therapy session … not that they aren’t in need of substantial
therapy; and that goes for the vastly overpaid american execs as well as the
whitehouse, et als. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday with a startling market
prognostication from David Brooks, conservative columnist for the NY Times.
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall Street this week,” Brooks said. “They’re vastly underestimating the source of piolitical risk
here. We could have a major problem, I think, either this summer or the next
couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities
Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating long-term
economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the
end of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war
in Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Davis ‘This is how we pay
off our current debts and I think bondholders are simply happy to get anything
out of a country that admits it owes $15Tn (1/4 of global GDP) but probably
owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities.
The funniest thing about this (and you have to laugh) is to see Conservative
pundits get on TV and talk about how we need to cut $100Bn worth of
discretionary spending to "fix" this (while continuing to spend $1Tn
on the military and $1Tn on tax cuts for the top 1% each year). There is no
fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT
THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
Where
Is The Recovery? I Cannot Seem To Find It Tony Pallotta |
If the US government reduced spending by 40% today, right this second we still
could not put a dent in a $12 trillion national debt. Sen.
Sanders Spurs Return to ‘Made in
America’: Says U.S.
Future Depends on It The Daily Ticker [Who would be foolish enough to
say Sen. Sanders’ heart isn’t in the
right place from the perspective of a u.s. senator. Yet, who would be so
foolish as to not realize how foolish such a statement is in evincing a clear
lack of understanding in terms of business, tooling, retooling, investment and
return on investment, minimum or less wages, etc., and decades if at all to
accomplish. The reality is that they can’t unring the
bell that they themselves rung, even laughing as they did so at, for example,
Ross Perot who admonished all. The futility of the belated rhetoric is that it
can’t be accomplished in the foreseeable future that
counts. ]
Sell
On The Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite agree with Mr.
Lenzner who has resisted through sound judgment the temptations and implicit
pressures of the herd mentality on wall street. After all, bulls are cattle and
hardly known for their brain power. ] ‘ Don’t listen to all the
money managers selling their wares on tv...’
Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression at Minyanville Toby Connor June
16, 2011 And this time it's going to be much, much worse than in 2008. ‘Don't
let the perma bulls fool you -- this is not a normal correction, and it has
nothing to do with Greece or Spain. This is the beginning of the next leg down
in the secular bear market
and the start of the next economic recession/depression. And this time it's
going to be much, much worse than it was in '08.
For months now I've been warning
investors to get out of the general stock market. I was confident that once
the dollar put in its three-year cycle low the next deflationary period would
begin and stocks
would enter the third leg down in the secular bear market.
Well, the dollar did put in the major three-year cycle bottom in May and stocks
almost immediately started to head down. This won't end until stocks drop down
into the four-year cycle low due sometime in mid to late 2012.
Let me explain to you what is unfolding so you don't listen to Wall Street or
CNBC and get sucked down into the next bear market.
In a healthy bull market, intermediate degree corrections hold well above the
prior cycle troughs. Higher highs and higher lows. When that pattern of higher
highs and higher lows on an intermediate time frame gets violated it is almost
always a sign that the market is topping. We are at that stage now as the
market is moving down to test the March intermediate cycle low.
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%201.jpg
Oil has already violated its intermediate bottom. Energy stocks are a big part
of the S&P and they are going to be a big drag on the index going forward.
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/Bear%20chart%202.jpg
Click to enlarge
In a healthy bull market we shouldn't even come close to testing the March low.
Actually this market hasn't been healthy since last summer. That was the point
at which I recognized the large megaphone topping pattern that was being driven
by a double dose of quantitative easing (QE).
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%203.jpg
Last year the market was able to push higher for almost a month on momentum after
QE1 ended. This market has already rolled over even though QE2 isn't scheduled
to stop until the end of June. The conclusion is that the market is much weaker
now than it was when QE1 ended. We all know what happened last year when the
money pumps were shut off. It led to the flash crash and a severe stock
market correction. It would have led to a new bear market except Ben Bernanke
quickly started QE2.
Actually QE is the reason the market is in trouble. Just like I said over two
years ago, all QE did was give us a brief reprieve and temporarily reflated
asset markets. I knew all along it wouldn't create jobs, and it didn't. (Well,
I guess a few bankers got to keep their jobs and pay themselves some big
bonuses, but the general population was never going to prosper from QE.)
As a matter of fact, just as I said it would, QE ultimately spiked commodity
inflation, and just like I knew it would, commodity inflation has now poisoned
the global economy, crushed discretionary spending, squeezed profit margins,
and is sending the world down into the next recession.
Unfortunately we are entering this recession in a much weaker state than we
went into the last one. Real unemployment is somewhere around 12-15%. It is
going to get much, much worse. I often wonder how in the world we could appoint
the people we did to run our monetary policy. How many times must they make the
same mistake before they figure out that they are the cause of our problems?
But enough Fed ranting -- back to the market.
Not only do we have a market that is testing the
prior intermediate cycle low when it shouldn't be, we also have a clear topping
pattern in place. Just like in '07 the market managed a marginal breakout to
new highs in May that failed to follow through. You can see the same thing
occurred in October of '07. This is quite often how markets top...or bottom for
that matter. A technical level is breached; technicians either buy the breakout
or sell the breakdown. Smart money fades the move and the market reverses. This
is exactly how the '07 top was formed. It's also how the market bottomed in
'02. And now the cyclical bull has topped with that exact same reversal pattern
in 2011.
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%204.jpg
This isn't the only warning sign, unfortunately. The banks and housing have
been diverging from the rest of the market for some time. These two sectors are
still impaired and will remain so no matter how much money the Fed throws at
them. They led the market down into the last bear and they are leading it into
the next bear.
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%205%20good.jpg
Here is what I expect to happen over the next two months: We should soon test
the 1249 intermediate cycle low. Actually I think we will probably marginally
break below that level. As most of you probably know by now, breakdowns and
breakouts almost always fail to follow through. So I expect we will see a
violent countertrend rally once the March low is penetrated. That should wipe
out all the technicians who sell into the breakdown.
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%206.jpg
However the rally, although I'm sure it will be convincing, will almost
certainly be a countertrend affair that will quickly fail. The problem is that
the current daily cycle is only on day 12. That cycle on average runs 35-45
days trough to trough. So once the counter trend rally has run its course we
should have another leg down. And that leg down will almost certainly cause
tremendous damage to the global stock
markets.
Once the market penetrates the coming low it shouldn't be long before traders
recognize that something is terribly wrong. At that point everyone is going to
head for the exits at the same time which should lead to some kind of waterfall
decline bottoming around the middle of August. This is when I expect Bernanke
to freak out and initiate QE3. I have no doubt the market will rally violently
on the news as traders have become conditioned to expect QE to drive stocks
higher. I expect we will see the market test and maybe even penetrate the
200-day moving
average during the fall rally.
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%207.jpg
However this, too, will only be a countertrend affair. QE is the cause of our
problems and more of it isn't going to make things better, it will only make
them worse as it will start to spike commodity prices again into a rapidly
weakening economy. Remember, spiking commodity inflation is what caused this in
the first place. Doing it again as the economy rolls over into recession is
only going to guarantee that this turns into a depression instead of just a
severe recession.
Traders
and investors need to start preparing for what's ahead. If you are still
invested in the general stock market, I believe you should exit -- either now,
or into the rally that should come off the March lows in the next week or two.
Don't get fooled by the analysts who will be telling you the correction is over
-- it won't be. This won't be over until late July or early August.
Get back into dollar-denominated assets
as the dollar will continue to rally and gain purchasing power in a
deflationary environment.
Once it's appropriate we will transfer assets back into gold and precious
metals, but it's still too early for that. Gold needs to move down into an
intermediate cycle low before we want to buy. My best guess is gold will dip
down to somewhere around $1400 over the next four to five weeks.’
alpeia
wrote
Stocks
tumble on news from Greece http://www.washingtonpost.com/business/economy/prices-rise-in-may-triggering-inflation-concerns/2011/06/15/AGMBoFWH_allComments.html?ctab=all_&#weighIn Wall Street lost its footing after a
rebound from six weeks of consecutive losses. (Washington Post) [ If that were
only true as the reason for the tumble. After all, u.s. stocks have been
unaffordably and artificially propped up and overvalued far beyond rationality
in seldom seen bubble-territory. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed… an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Selling In May Is Very Good Advice This Year Harding Remember:
Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘
‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs ‘ Dave's Daily 'If you can keep interest rates
this low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam).
POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money--America Is a Failed
State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim
economic reality [ http://albertpeia.com/grimreality.htm
]. Selling In May Is Very Good Advice This Year Harding / Equity Valuations Are
Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale
University’s Dr. Robert Shiller, the market is now 41% overvalued …only time
the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/s...
Navin 1) The 5-year high in the level of insider corporate stock sales is
telling. At 565 sells for every 1 buy, it’s never been higher..extraordinarily
high, one might even say off-the-chart.
Report: SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec
liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario
typifies that national drain / sinkhole new york (new york / new jersey metro)
where, for example, FBI informants were routinely exposed by ‘italians’ in the
new york d.a.’s office over the objection of the FBI, and were promptly
‘dispatched’/assassinated / hit by mafia / organized crime [ this was
documented with authority in the book ‘Goombata: The Improbable Rise and Fall
of John Gotti and His Gang’ Cummings, Volkman http://www.albertpeia.com/112208opocoan/ricosummar...
http://www.albertpeia.com/112208opocoan/PeiavCoane...
http://www.albertpeia.com
Today
6/16/2011 12:08:23 AM PST
alpeia
wrote
U.S.-Pakistan
relationship in danger http://www.washingtonpost.com/national/national-security/arrest-indicates-pakistan-leaders-face-rising-pressure-to-curb-us-role/2011/06/12/AGrSi2VH_story.html The relationship is likely to deteriorate
further as Pakistani officials including Army chief Gen. Ashfaq Kiyani come
under pressure, endangering counterrorism programs. (Washington Post) [
U.S.-Pakistan? If it was only ‘U.S.-Pakistan’ as opposed to U.S. and the rest
of the world beyond war crimes nation and u.s. ward israel, and the defacto
bankrupt as america EU, one might say at least a little progress on the
‘non-foreign policy’ front. Yet, that’s but a dream thanks
to war mongering neo-cons, zionists, and so-called change-meister, failed
president as bush, ‘wobama the b’ for b***s***. Drudgereport: OBAMA: WHAT WAR
IN LIBYA?
'No exchange of fire with hostile forces'...
Lawmakers Sue...
Price tag projected to be $1.1 Billion this year...
AHMADINEJAD JOINS CHINA, RUSSIA AT SUMMIT...
IRAN PRESIDENT CALLS FOR ALLIANCE AGAINST WEST...
Greece Crippled by Protests, Strike Over
Austerity...
Likely Default...
USA in Even 'Worse Shape Financially Than Greece'...
Protesters burn American flag during Obama visit to Puerto
Rico -- a U.S. territory...
VIDEO: Heckled At Miami Fundraiser...
Report: SEC lawyer exposed FBI informant (Washington Post)
[ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or
post’ arrangement, whether implicit or explicit; you know, that ubiquitous
‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed,
the scenario typifies that national drain / sinkhole new york (new york / new
jersey metro) where, for example, FBI informants were routinely exposed by
‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings, Volkman
Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkill...
bankrupt america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummar...
http://www.albertpeia.com/112208opocoan/PeiavCoane...
]:
CRIME STATISTICS >(america is No. 1)
Rank Countries Amount
# 1 United States: 11,877,218
# 2 United Kingdom: 6,523,706
# 3 Germany: 6,507,394
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore
cases that involve black defendants and white victims ' Cases against Wall
Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityver...
http://www.albertpeia.com
6/15/2011
11:35:48 PM PST
alpeia
wrote
Deja
Vu of dot-com bubble http://www.washingtonpost.com/business/economy/pandora-ipo-feeds-fear-of-dot-com-bubble/2011/06/15/AGaZrWWH_allComments.html?ctab=all_&#weighIn Pandora’s IPO success is making observers
worried about a return to the dot-com bubble of the 1990s. (Washington Post) [
Dot-com bubble of the 90’s sounds like wishful thinking, as bad as that was.
More like, Equity Valuations Are Forming the Second Biggest Bubble in U.S.
History Kaspar According to Yale University’s Dr. Robert Shiller, the market is
now 41% overvalued …only time the markets have been more overvalued .. 1929
& tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/s...
Navin 1) The 5-year high in the level of insider corporate stock sales is
telling. At 565 sells for every 1 buy, it’s never been higher.. Sell On The
Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite agree with
Mr. Lenzner who has resisted through sound judgment the temptations and
implicit pressures of the herd mentality on wall street. After all, bulls are
cattle and hardly known for their brain power. ] ‘ Don’t listen to all the
money managers selling their wares on tv. Unfortunately, this is a watershed
moment for investors again– and I’m feared all the negatives in the world are
seeming to overwhelm. We are in midst of 7th straight week down.QE2 will end in
15 days– and it played a strong support system for equities– up 25%, oil, up
25% and gold, up 25% ever since September, 2010 when Fed Chairman Ben Bernanke
signaled he wanted to increase the wealth on paper of investors.If equities are
on the way down– and the rout today overwhelmed the gains yesterday– then you
will experience the double whammy of stocks and homes losing value at the same
time– to what extent nobody knows. Money center banks like Bank of America
certainly face write-downs from their huge portfolio of home mortgages.. Just
because cash is yielding nothing is no good reason to be 100% invested in
common stocks.’
Report: SEC lawyer exposed FBI informant (WP)[ Clearly, the sec liar
(sic–lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario
typifies that national drain / sinkhole new york (new york / new jersey metro)
where, for example, FBI informants were routinely exposed by ‘italians’ in the
new york d.a.’s office over the objection of the FBI, and were promptly
‘dispatched’/assassinated / hit by mafia / organized crime [ this was
documented with authority in the book ‘Goombata: The Improbable Rise and Fall
of John Gotti and His Gang’ Cummings, Volkman http://www.albertpeia.com/112208opocoan/ricosummar...
http://www.albertpeia.com/112208opocoan/PeiavCoane...
http://www.albertpeia.com/currentopics2ndqtr10108....
http://www.albertpeia.com
Today
6/16/2011 12:04:10 AM PST
alpeia
wrote
White
House defends Libya action http://www.washingtonpost.com/politics/obama-administration-libya-action-does-not-require-congressional-approval/2011/06/15/AGLttOWH_allComments.html?ctab=all_&#weighIn The administration’s stance puts it at odds
with GOP leaders and some anti-war Democrats. (Washington Post) [ Well, the
defacto bankrupt u.s. can afford it! After all, we’re talking, Drudgereport:
FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS
FOR HIS RIGHT TO BOMB LIBYA... Deadliest day this year... WARS RAGE ON... U.S.
Dead in Afghanistan Tops 1,500... , days, not weeks.
NATO sliding towards Libyan ground war: Russian envoy (Reuters) ‘Libya war
driven by O.I.L.: Oil, Israel & Logistics’ – McKinney to RT As NATO attacks
continue in Libya, ex US Congresswoman and former presidential candidate
Cynthia McKinney went to the country on a non-governmental fact-finding mission
to see what exactly is going on in the war-torn country. Lawmakers sue
President Obama over Libya A bipartisan group of House members announced on
Wednesday that it is filing a lawsuit charging that President Obama made an illegal
end-run around Congress when he approved U.S military action against Libya. 90%
of Petraeus’ Captured ‘Taliban’ Were Civilians Lawmakers push for a new Afghan
strategy (WP) [ It seems they’ve taken Robert Browning to heart; viz., that ‘a
man's reach should exceed his grasp’ (from a poem by Robert Browning). Indeed,
they search for that ever elusive thing called ‘strategy’ vis-à-vis the
so-called ‘Afghan mission’ for the umpteenth time. For them, this is but a
‘mission impossible’ as a strategy implies method to this reality of their
madness.The heroin trade which they’ve ramped up (the Taliban had all but
eradicated same) and commandeered as their own has been reason enough; yet, fog
of war creates many opportunities for the american criminals despite the
defacto bankruptcy of the nation. So, for the war criminal americans, reality
certainly falls within the ambit of beyond their grasp. Though having but 5% of
the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkill...
bankrupt america also spends more on military than all the nations of the world
combined...fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc.,are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummar...
http://www.albertpeia.com/112208opocoan/PeiavCoane...
]:
CRIME STATISTICS america is No.1
Rank Countries Amount
# 1 United States: 11,877,218
# 2 United Kingdom: 6,523,706
# 3 Germany: 6,507,394
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE‘ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s
vows to target financial fraud WP | Obama has promised to hold Wall Street
accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityver...
http://www.albertpeia.com
6/15/2011
11:42:21 PM PST
Recommend
Recommended
by 2 readers
Drudgereport:
TEMPLETON
chairman: Financial Crisis 'Around Corner'...
'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
CHINA:
USA 'ALREADY DEFAULTING'...
MERKEL
FALLS ON SWORD; MORE GREEK BAILOUT
'MISERY
INDEX' HIGHEST IN 28 YEARS...
Abandoned Children Found Running Naked Through Jersey City
Streets...
Exposed:
The secret guns sting that backfired on the US...
Carney:
Obama 'Did Not Know About Or Authorize' Gunrunning Op...
PAPER:
2 Top Lawyers Lost to Obama in Libya War Policy Debate...
'Extraordinarily rare'... [ ‘WASHINGTON
— President Obama rejected the
views of top lawyers at the Pentagon and the Justice Department when he decided
that he had the legal authority to continue American military participation in
the air war in Libya without Congressional
authorization, according to officials familiar with internal administration
deliberations. Jeh C. Johnson, the Pentagon general counsel, and Caroline D.
Krass, the acting head of the Justice Department’s Office of Legal Counsel, had
told the White House that they believed that the United States military’s
activities in the NATO-led air war amounted to “hostilities.” Under the War Powers Resolution,
that would have required Mr. Obama to terminate or scale back the mission after
May 20…’ ]
Greek
rating now worst in the world...
CCC...
Likely
Default...
USA in
Even 'Worse Shape Financially Than Greece'...
Protesters
burn American flag during Obama visit to Puerto Rico -- a
U.S. territory...
VIDEO:
Heckled At Miami Fundraiser...
Carney
defends WH meeting with Wall Street donors...
POLL:
Obama Loses to Generic Republican... [ No surprise here! ]
GREECE
FACES DEMAND FOR DEEPER CUTS...
Union
boss: 'Adolf Christie' trying 'to make NJ Nazi Germany'... [ Come on! Let’s get real here! First,
corrupt mob-infested jersey is already that and worse. Second, defacto mob
control, such as it is in jersey, is already facist which ultimately is what
totalitarian regimes are all about, be they right or even left. ]
STUDY:
Land of the Free? NY, NJ, CA come out at bottom of individual freedoms...
THE
FALL OF GREECE...
Deal
fails to ease contagion fears; Spanish borrowing costs hit 11-year highs...
Russia,
China warn West against Arab interference...
NSA,
Internet Providers Teaming Up To Monitor 'Web Traffic'...
Ill.
so broke considers ads on license plates...
Eurozone
'heads for break up'...
BOEHNER
GIVES OBAMA ULTIMATUM ON LIBYA
'In
five days, the administration will be in violation of the War Powers
Resolution' on Libya...
THE
OTHER WAR: Secret US, Afghan talks could see troops stay for decades...
US Housing
Crisis Now Worse Than Great Depression...
Since
stimulus passed, 1.9 M fewer
Americans working...
REPORT:
Gold headed for $5K an ounce...
OPEC
sees risk of price rise, shortage...
Obama on Weiner: 'I would resign'...
Earlier:
Sex Twittering Dem a 'Distraction'...
Will
keep $174,000 salary while in rehab...
POLL:
Just 26% Favor Continued Military Action in Libya...
UK
Navy chief: Britain cannot keep up its Libya role...
Vancouver
Rocked By Stanley Cup Riot... [Congratulations
to the Boston Bruins! ]
150
hospitalized...
Hockey
dream turns nightmare... [ As with inherently criminal americans, my
experience with canadians has not been good at all! ]
SHOCK
VIDEO: Crowd stomps man who tried to stop looting...
DALLAS
MAVS SHUT DOWN THE HEAT... [ Congratulations
to the Dallas Mavericks! ]
REPORT:
Stocks Face Rocky Week...
DOW
FALLS BELOW 12,000...
Six-week
losing streak longest since Oct 2002...
Nasdaq
Turns Negative for Year...
Fed to
Announce 'Final Bond Purchases' Today...
Another
Housing Drop Predicted...
STUDY:
Most Americans 'won't be able to retire until their 80s'...
Cash-strapped
states considering online lottery sales...
GALLUP:
OBAMA BACK UNDERWATER 45/46...
PA
2008: OBAMA 55%; 2011: 41% APPROVAL...
FLA:
Trouble in Paradise...
MURDER
CONVICTION TOSSED OVER 'RACIST' COMMENTS... [ Ridiculous! ]
Swiss
Politicians To March On Bilderberg, Demand Arrest Of Kissinger...
Italian
Politician 'bloodied' sneaking into hotel...
ECONOMIC 'HORROR' AS DATA PLUNGES
Dow
Has Longest Weekly Slump Since '04...
Housing
prices fall 'beats Great Depression slide'...
CHICAGOLAND:
Flash Mobs Attack 2 Men...
WAR
NO. 4: USA INTENSIFIES SECRET YEMEN AIRSTRIKES
Chicago
rapper calls Obama 'biggest terrorist' in US...
Poll:
Obama approval rating drops as fears of depression rise...
OBAMACARE
GOES TO COURT...
Judges
suggest they may be ready to declare law unconstitutional...
...Express
unease with gov't forcing Americans to buy health care
Random
mobs run wild in Chicago...
TARGET
CITY BUSES...
Victims
seriously injured...
NYT: SAUDIS
SPENDING $7K PER CITIZEN TO AVOID OVERTHROW OF KINGDOM... DEVELOPING...
OBAMA
OFFERS BAILOUT $$ FOR GREECE...
POLL:
Only 24% Say They Share President's Political Views...
Nearly
half of Americans fear another Great Depression...
OPEC
BREAKDOWN, NEW OIL SPIKE...
FED:
Economy falters in several US regions...
Lack
of buyers may force Treasury to boost interest rates...
China
overtakes USA as top energy consumer...
Warns
debt-default idea is 'playing with fire'...
Fitch
to review US debt rating...
TAX
FURY IN ATHENS AS GOV'T FACES DEBT
'Bankrupt'
claim heightens Spanish debt fears...
9.1%
MAY JOBS: +54,000...
MCDONALD'S
hired half...
Fears
stoked of a 'double-dip'...
CBO:
True Cost of Fannie, Freddie Bailouts $317 Billion, Not $130 Billion Obama
Claims...
Taxpayers
Still Bailing Out Banks...
WH:
'Bumps on the road to recovery'...
O
gets booed...
LET'S
GOLF ABOUT IT
China
Divests 97% of Holdings in US Treasury Bills...
DOOM: More
Americans Think Economy Will Never Recover...
GOP
sees Obama as increasingly beatable...
Recovery
Languishing as Americans Await Signal of Better Times...
Congress
Delivers Obama 'Stunning Rebuke on Libya'...
Weiner
withdraws from speaking engagement...
Dow
tumbles 280 points...
Private Sector Jobs Grew By Only 38,000 in May...
Planned
Layoffs Up...
Manufacturing
Slows...
MOODY'S:
US Rating Could Be Placed Under Review...
Greece
goes further into junk territory; MOODY'S downgrades...
AP:
Consumer confidence falls 'unexpectedly' in May...
BARONE:
Pro-Obama media always shocked
by bad economic news...
Home-price
index at lowest point since 2006 bust...
'Double-Dip'
Even Worse Than Expected...
GOLDMAN
SACHS: $5 gas this summer...
Number
of federal-owned limousines has soared under Obama...
Obama
bailout of GOV'T MOTORS to cost taxpayers at least $14 billion...
Obama
solicitor general: Don't like healthcare mandate, earn less money!
REPORT:
Senate's 100 members spend $40M for 700 offices nationwide...
7
'NATO troops' killed Thursday were American...
British
Health Care Program in Grave Peril...
Netanyahu:
Israel cannot prevent UN recognition of Palestinian state...
First
ID'ed as 'Int'l Security Assistance Force service members'...
Deadliest
day this year...
WARS
RAGE ON...
U.S.
Dead in Afghanistan Tops 1,500...
OBAMA
HITS GOLF COURSE FOR ROUND NO. 70...
ON
THE GROUND IN LIBYA
Anti-Christian
Violence Continues in Pakistan...
UPDATE:
MIAMI 'WAR ZONE' DURING URBAN WEEKEND...
'I
was scared for my life'...
Poet
'Da Real One' Gunned Down In Front Of Miami Poetry Cafe...
Violent
crime explodes in Myrtle during Black Bike Week; 8-hour hell...
Rib
Fest At Rochester beach turns rowdy...
Riot
On Long Island...
Urban
Melee In Charlotte...
Chaos
causes DNC concern for convention...
Unruly
urban crowd shuts down Nashville water park...
Emanuel
shuts down packed Chicago beach; 'heat-related illnesses'...
REPORT:
'Dozens of gang bangers'...
TEEN
GANGS UNLEASHED ON BOSTON BEACH
WHO: Radiation From Cell Phones Can Cause Cancer...
In same category as lead, engine exhaust,
chloroform...
VIDEO:
Woman Screams For Help After TSA Molestation...
WEINER
ROASTED... [ Ah, yes. Weeny
roast indeed. The end of a saga as Tony Weiner resigns. Truth be told, I’m a
bit surprised. After all, as stated in a soundbite of a new york voter, ‘they
(the rest of congress) are worse than him!’ Difficult to dispute. The truth,
that is. Kind of like that scene in
‘Road to Perdition’ of mob boss Newman’s retort to hitman Hanks, ‘there are
only murderers in this room’. Point well-taken. After all, they backed bush’s
war crimes, covered up wall street’s crisis-causing frauds in the trillions
even to this day, are venal and corrupt even as they scoffed at
straight-shooters as Ross Perot who highlighted what is now recognized as gross
incompetence, extended their tainted touch to the quid pro quo federal courts,
etc.. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
Press
conference turns into circus...
NO HUMA...
MSNBC
Host: 'Reminded me of Saddam Hussein hanging'...
REPORT:
Could Run For Seat Again in Upcoming Special Election...
Congressman
Joins Jobless Ranks...
...Approached
for 'Entourage' Cameo
NEW
PHOTOS: Weiner Used Congressional Gym As 'Sexy' Backdrop...
Entering
'psychological treatment center'...
PELOSI:
OUT... DNC
BOSS: RESIGN...
Boehner
gets laughs with quip...
PELOSI:
You gotta' go...
DNC BOSS: RESIGN...
Chorus
to quit grows...
WEINER
WON'T GO
Cops
probe texts to teen girl...
MSG:
'Large. Tights and cape'...
Weiner
admits, says they were harmless...
Rangel
defends: 'He wasn't going out with little boys'...
THE NEW TACK: Dem rep sick, needs treatment to 'make himself
well'...
New
X-rated Weiner photo hits web...
Weiner:
That's my weiner, too...
Another
Weiner Sexter Emerges...
POLITICO
on Weiner: 'Dam is breaking'...
DEMS
BAILING...
Old
Flame Calls on Him to Quit... ‘…he transcript of a nine-month "sexting"
relationship Weiner had with a Las
Vegas blackjack dealer. Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his
other views of women, he tells her, “I hear liberal girls are very, uh,
accommodating of other[s],” playing on a bogus stereotype that politically
liberal women are promiscuous. When he asks the woman, who is Jewish, “You give
good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***!
this thing is ready to do damage.” ‘[ What a total mental case! ]
REPORT:
Weiner coached woman to lie...
TMZ:
Offered PR help...
Dems
Begin Peeling Off...
Breitbart
says he has X-rated photo...
WHACKED,
NOT HACKED!
'Used govt. resources'...
Breitbart:
'I Want To Hear Truth'...
6
'inappropriate' relationships...
ABCNEWS:
Mystery Woman Revealed...
HER
STORY...
Risqué
Online Chats, Photo Swaps...
SLIDESHOW...
VIDEO:
'Web of lies'...
TWITTER TEARS: WEINER ADMITS
REPORT:
Woman claims to have 200 explicit messages from NY Dem...
IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to
make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked,
a key clue has been missing: exactly how the notorious groin pic was posted
online. But according to data provided exclusively to The Daily from
TweetCongress.org, a nonprofit website that captures each member of Congress’s
Twitter feeds in real time, the shot seen round the world was transmitted using
TweetDeck — a popular Adobe desktop application that links up with social networking
sites. A review of Weiner’s Twitter stream from May 27, the day of the crotch
pic, shows that Weiner had been posting only from TweetDeck — one of many ways
to post messages to Twitter — that entire night. Chet Wisniewski, a senior
security adviser at security software company SophosLabs, said the TweetDeck
stamp “does make it more plausible that it did come from him.” Weiner used
TweetDeck frequently, but he often also posted from the Web directly or from
his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have
been hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP)
- After days of denials, a choked-up Rep. Anthony Weiner confessed Monday
that he tweeted a photo of his bulging underpants to a young woman, and he also
admitted to "inappropriate" excha...’ Tearful US congressman admits to crotch photos (AFP) ]
'This
Could Be The End For Him'...
’Pot Calls
Kettle Black’: Donald Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald Trump has a new target, and boy does
he look pleased. "The fact is, Anthony Weiner is a bad guy," the
Celebrity Apprentice honcho, who recently decided against running for...
'Have
You Ever Taken A Picture Like This Of Yourself?'...
WEINER
CALLS COPS ON CBS WASHINGTON (CBSNewYork)
— ‘Congressman Anthony Weiner said Thursday he’s finished talking about the
lewd photo sent from his Twitter account.But he still wouldn’t say whether
he’s the one in the picture.So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words
created quite the stir. Doors slammed and people pretended she wasn’t there
...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’!
‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect
from national drain / sinkhole new york (new york / new jersey metro). I
haven’t read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds himself
in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia
/ organized crime [ this was documented with authority in the book ‘Goombata:
The Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings
(Author), Ernest
Volkman (Author) Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday with a startling market
prognostication from David Brooks, conservative columnist for the NY Times.
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall Street this week,” Brooks said. “They’re vastly underestimating the source of piolitical risk
here. We could have a major problem, I think, either this summer or the next
couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities
Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating long-term
economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the
end of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war
in Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Davis ‘This is how we pay
off our current debts and I think bondholders are simply happy to get anything
out of a country that admits it owes $15Tn (1/4 of global GDP) but probably
owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities.
The funniest thing about this (and you have to laugh) is to see Conservative
pundits get on TV and talk about how we need to cut $100Bn worth of
discretionary spending to "fix" this (while continuing to spend $1Tn
on the military and $1Tn on tax cuts for the top 1% each year). There is no
fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT
THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
Where
Is The Recovery? I Cannot Seem To Find It Tony Pallotta |
If the US government reduced spending by 40% today, right this second we still
could not put a dent in a $12 trillion national debt.
Sen.
Sanders Spurs Return to ‘Made in America’: Says U.S. Future Depends on It The
Daily Ticker [Who would be foolish enough to say Sen. Sanders’ heart isn’t in
the right place from the perspective of a u.s. senator. Yet, who would be so
foolish as to not realize how foolish such a statement is in evincing a clear
lack of understanding in terms of business, tooling, retooling, investment and
return on investment, minimum or less wages, etc., and decades if at all to
accomplish. The reality is that they can’t unring the bell that they themselves
rung, even laughing as they did so at, for example, Ross Perot who admonished
all. The futility of the belated rhetoric is that it can’t be accomplished in
the foreseeable future that counts. ]
[video]Trader:
Dow Could Drop to 10,500 TheStreet.com TV
Enter
the FBI's Vault: Groucho Marx, Sonny Bono, Helen Keller, UFOs, and Louie Louie
at Forbes Bill Singer
Street Sweeper ‘The Federal Bureau of Investigation (“FBI”) recently
advised the public of the online availability of The Vault, which
is described as ”our new electronic reading room, containing more
than 3,000 documents that have been scanned from paper into digital copies . .
.” The documents are searchable using key words or phrases.
Curious as to
what might be buried in The Vault, I’ve recently spent a bit of time there.
Frankly, it’s been fascinating. Here are some of the listed categories of
documents:
- Administrative
Policy Procedures
- Anti-War
- Bureau Personnel
- Civil Rights
- Counterterrorism
- Foreign
Counterintelligence
- Fugitives
- Gangs Extremist
Groups
- Gangster Era
- Hot Topics
- Miscellaneous
- Organizations
- Organized Crime
- Political
Figures Events
- Popular Culture
- Public Corruption
- Supreme Court
- Unexplained Phenomenon
- World War II
- Violent Crime
Going from the
sublime to the ridiculous, we find this entry:
Louie
Louie (The Song)
In 1963, a rock group named the Kingsmen recorded the
song “Louie, Louie.” The popularity of the song and difficulty in discerning
the lyrics led some people to suspect the song was obscene. The FBI was asked
to investigate whether or not those involved with the song violated laws
against the interstate transportation of obscene material. The limited
investigation lasted from February to May 1964 and discovered no evidence of
obscenity.
Among the folks featured in the Popular Culture
category are Elizabeth Taylor, Rock Hudson, Jimi Hendrix, the
Monkees (Apparently the FBI thought that this subversive “combo”
described as dressing “beatnik like” were projecting subliminal anti-war
messages during their concerts),
Sonny Bono (Sonny Bono??? Yup!), Lucille
Ball (Lucy has a 156-page file suggesting she was a registered
Communist from 1936 to 1938. You got some ‘splainin’ to do Lucy!), Walter Cronkite (Cronkite? Really?? Uh huh), Groucho Marx (Perhaps Karl
Marx was part of the original Marx Brothers?), George Burns, Colonel Sanders (The Kentucky Fried
Chicken Guy? Yeah, he has a file too), Rocky Marciano, Marilyn Monroe,
Helen Keller (Nah, ya gotta be kidding me with this one. Nope — there are some
45 pages concerning allegations of her Communist sympathies. Maybe the “Miracle
Worker” was supposed to be the “Miracle Workers of The World Unite!”), the Doors, the Beatles, Frank Sinatra, and far too
many more to mention.
What other fascinating tid-bits are in The
Vault? How about this gem:
Majestic 12
In 1988, two FBI offices received similar versions of
a memo titled “Operation Majestic-12…” claiming to be highly classified
government document. The memo appeared to be a briefing for newly-elected
President Eisenhower on a secret committee created to exploit a recovery of an
extra-terrestrial aircraft and cover-up this work from public examination. An
Air Force investigation determined the document to be a fake.
Then there was a truly intriguing one-page
document – a memo from Mr. Guy Hottel (apparently a Special Agent
in Charge (“SAC”) in Washington, D.C.), dated March 22, 1950, titled
“Flying Saucers: Information Concerning” :
The following information was furnished to SA
[redacted]:
An investigator for the Air Force stated that three
s0-called flying saucers had been recovered in New Mexico. They were
described as being circular in shape with raised centers, approximately 50 feet
in diameter. Each one was occupied by three bodies of human shape but
only three feet tall, dressed in metallic cloth of a very fine texture. Each
body was bandaged in a manner very similar to the blackout suits used by speed
flyers and test pilots.
According to Mr. [redacted] informant, the saucers
were found in New Mexico due to the fact that the Government has a very
high-powered radar set-up in that area and it is believed the radar interferes
with the controlling mechanism of the saucers.
No further evaluation was attempted by SA [redacted]
concerning the above…’
S&P
500, Russell 2000 ETFs Also Close To Breaching 200-Day Technical Warnings at
Barrons.com
Seven-Week
Streak Still Possible at The Wall Street Journal Mark Gongloff ‘With a late rally, most of the stock market managed to limp
across the wire in the green. How long it will stay there is an open question.
The Dow, up 64
points today, is now 10 points higher on the week, barely avoiding a rare seven-week losing streak, but still not nearly out of
the woods yet.
The internals
of the market were uglier than the headlines. Decliners on the NYSE outnumbered
advancers 1668 to 1367. Declining volume was 51% of the total, while advancing
volume was 47%.
The S&P
500 was up just 2 points today and is just slightly lower on the week, with one
trading day left.
The Nasdaq
finished down 8 points and is now 1.1% lower for the year — not a great sign,
if you think tech stocks lead the way for the rest of the market.
The Dow
transports, too, are slightly lower for the year, as is the Russell 2000.
On the
brighter side, financials were among the better performers today, up 0.6%.
But the best
performers were defensive sectors, and the worst were cyclicals such as tech
and consumer discretionary.
Volume was
low, the VIX surged again and Treasury yields ended at their lowest level of
the year, at 2.91%.’
3
Reasons Why Thursday’s Markets Were Mixed After Greek Lows Wall St. Cheat Sheet June 16, 2011 Markets closed mixed on Wall Street: Dow
+0.54% , S&P +0.18% , Nasdaq -0.29% , Crude +0.2% , Gold +0.12% .
On the
commodities front, Oil (NYSE:USO) barely moved to close at $95 a barrel, while
precious metals were mixed with Gold (NYSE:GLD) adding a couple bucks to $1,527 and Silver
(NYSE:SLV) dropping a bit.
Our New Stock Picks are Here: Check Out
Today’s
markets were mixed because:
1) Banks
caught in the middle. Normally the top banks (NYSE:KBE) are birds of a feather, all in the green or all
in the red. But today they’re all over the map with Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC) showing gains today while Citigroup (NYSE:C) and JPMorgan (NYSE:JPM) suffered losses. Don’t Miss: How
Badly Will a Greek Default Hurt US Banks?
2) How do you
solve a problem like Greece? It’s as if everyone’s been waiting for Greece to
implode or break off and float into the Mediterranean Sea. Instead, bad news
steadily trickles in manageable doses. No restructuring yet, no default. The
euro, though down, is still trading above where it was last summer. People are
frozen in their tracks, wondering whether to run scared or wait it out. It’s
like watching a train wreck at 15 miles per hour.
3) Indecipherable
data reports. Yesterday the National Association of Homebuilders (NYSE:XHB) told us confidence
was down for June, but then today we hear from the Commerce Department that
housing
starts, building permits, and housing completions were all up last month.
Jobs data shows a 16,000 decrease in
jobless claims, which is good news, but jobless claims still remain over
400,000, which is bad news. People are looking for economic cues from these
reports and just aren’t getting a solid answer. Some things are getting worse,
some are getting better, and everything is moving slowly…’
Why
Your Money-Market Fund Could Be Hit by Greek Default CNBC
| Some of the safest, plain-vanilla investment accounts in the U.S. could be
challenged if Greece defaults on its sovereign debt.
Greeks
Strike, Clash With Police Over Austerity Reuters |
Stone-throwing Greeks clashed with police and tens of thousands of protesters
marched on parliament on Wednesday.
Gold
May Advance on Inflation Concern, Sovereign-Debt Crisis in Europe Bloomberg
| Gold may gain for the first time in three days.
Europe’s
‘Lehman Moment’ Looms as Greek Debt Unravels Markets: Euro Credit The
European Union’s failure to contain the Greek debt crisis is sending fresh
shockwaves through currencies, money markets, equities and derivatives.
Europe
warned of financial chaos over Greek debt crisis Greece’s 18-month
sovereign debt crisis brought the government to the brink of collapse as public
fury over savage austerity measures erupted in pitched battles with riot police
on the streets of Athens.
China
Social Unrest Getting Out of Control: Expert China’s security services have
managed for now to curb social unrest in the southern manufacturing city of
Zengcheng after migrant workers set fire to government buildings over the
weekend. But one economist says the discord is more worrying for markets than
the nation’s widely-telegraphed soaring inflation.
Cramer: 10%
Correction Possible A 10 percent correction is “entirely possible,” Cramer
said Wednesday, as stocks fell sharply on worries the Greece debt crisis may
escalate and concerns over other headwinds facing the economy.
alpeia
wrote
Stocks
tumble on news from Greece http://www.washingtonpost.com/business/economy/prices-rise-in-may-triggering-inflation-concerns/2011/06/15/AGMBoFWH_allComments.html?ctab=all_&#weighIn Wall Street lost its footing after a
rebound from six weeks of consecutive losses. (Washington Post) [ If that were
only true as the reason for the tumble. After all, u.s. stocks have been
unaffordably and artificially propped up and overvalued far beyond rationality
in seldom seen bubble-territory. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed… an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Selling In May Is Very Good Advice This Year Harding Remember:
Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘
‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs ‘ Dave's Daily 'If you can keep interest rates
this low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam).
POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money--America Is a Failed
State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim
economic reality [ http://albertpeia.com/grimreality.htm
]. Selling In May Is Very Good Advice This Year Harding / Equity Valuations Are
Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale
University’s Dr. Robert Shiller, the market is now 41% overvalued …only time
the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/s...
Navin 1) The 5-year high in the level of insider corporate stock sales is
telling. At 565 sells for every 1 buy, it’s never been higher..extraordinarily
high, one might even say off-the-chart.
Report: SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec
liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario
typifies that national drain / sinkhole new york (new york / new jersey metro)
where, for example, FBI informants were routinely exposed by ‘italians’ in the
new york d.a.’s office over the objection of the FBI, and were promptly
‘dispatched’/assassinated / hit by mafia / organized crime [ this was
documented with authority in the book ‘Goombata: The Improbable Rise and Fall
of John Gotti and His Gang’ Cummings, Volkman http://www.albertpeia.com/112208opocoan/ricosummar...
http://www.albertpeia.com/112208opocoan/PeiavCoane...
http://www.albertpeia.com
Today
6/16/2011 12:08:23 AM PST
alpeia
wrote
U.S.-Pakistan
relationship in danger http://www.washingtonpost.com/national/national-security/arrest-indicates-pakistan-leaders-face-rising-pressure-to-curb-us-role/2011/06/12/AGrSi2VH_story.html The relationship is likely to deteriorate
further as Pakistani officials including Army chief Gen. Ashfaq Kiyani come
under pressure, endangering counterrorism programs. (Washington Post) [
U.S.-Pakistan? If it was only ‘U.S.-Pakistan’ as opposed to U.S. and the rest
of the world beyond war crimes nation and u.s. ward israel, and the defacto
bankrupt as america EU, one might say at least a little progress on the
‘non-foreign policy’ front. Yet, that’s but a dream thanks
to war mongering neo-cons, zionists, and so-called change-meister, failed
president as bush, ‘wobama the b’ for b***s***. Drudgereport: OBAMA: WHAT WAR
IN LIBYA?
'No exchange of fire with hostile forces'...
Lawmakers Sue...
Price tag projected to be $1.1 Billion this year...
AHMADINEJAD JOINS CHINA, RUSSIA AT SUMMIT...
IRAN PRESIDENT CALLS FOR ALLIANCE AGAINST WEST...
Greece Crippled by Protests, Strike Over
Austerity...
Likely Default...
USA in Even 'Worse Shape Financially Than Greece'...
Protesters burn American flag during Obama visit to Puerto
Rico -- a U.S. territory...
VIDEO: Heckled At Miami Fundraiser...
Report: SEC lawyer exposed FBI informant (Washington Post)
[ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or
post’ arrangement, whether implicit or explicit; you know, that ubiquitous
‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed,
the scenario typifies that national drain / sinkhole new york (new york / new
jersey metro) where, for example, FBI informants were routinely exposed by
‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings, Volkman
Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkill...
bankrupt america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummar...
http://www.albertpeia.com/112208opocoan/PeiavCoane...
]:
CRIME STATISTICS >(america is No. 1)
Rank Countries Amount
# 1 United States: 11,877,218
# 2 United Kingdom: 6,523,706
# 3 Germany: 6,507,394
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore
cases that involve black defendants and white victims ' Cases against Wall
Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityver...
http://www.albertpeia.com
6/15/2011
11:35:48 PM PST
alpeia
wrote
Deja
Vu of dot-com bubble http://www.washingtonpost.com/business/economy/pandora-ipo-feeds-fear-of-dot-com-bubble/2011/06/15/AGaZrWWH_allComments.html?ctab=all_&#weighIn Pandora’s IPO success is making observers
worried about a return to the dot-com bubble of the 1990s. (Washington Post) [
Dot-com bubble of the 90’s sounds like wishful thinking, as bad as that was.
More like, Equity Valuations Are Forming the Second Biggest Bubble in U.S.
History Kaspar According to Yale University’s Dr. Robert Shiller, the market is
now 41% overvalued …only time the markets have been more overvalued .. 1929
& tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/s...
Navin 1) The 5-year high in the level of insider corporate stock sales is
telling. At 565 sells for every 1 buy, it’s never been higher.. Sell On The
Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite agree with
Mr. Lenzner who has resisted through sound judgment the temptations and
implicit pressures of the herd mentality on wall street. After all, bulls are
cattle and hardly known for their brain power. ] ‘ Don’t listen to all the
money managers selling their wares on tv. Unfortunately, this is a watershed
moment for investors again– and I’m feared all the negatives in the world are
seeming to overwhelm. We are in midst of 7th straight week down.QE2 will end in
15 days– and it played a strong support system for equities– up 25%, oil, up
25% and gold, up 25% ever since September, 2010 when Fed Chairman Ben Bernanke
signaled he wanted to increase the wealth on paper of investors.If equities are
on the way down– and the rout today overwhelmed the gains yesterday– then you
will experience the double whammy of stocks and homes losing value at the same
time– to what extent nobody knows. Money center banks like Bank of America
certainly face write-downs from their huge portfolio of home mortgages.. Just
because cash is yielding nothing is no good reason to be 100% invested in
common stocks.’
Report: SEC lawyer exposed FBI informant (WP)[ Clearly, the sec liar
(sic–lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario
typifies that national drain / sinkhole new york (new york / new jersey metro)
where, for example, FBI informants were routinely exposed by ‘italians’ in the
new york d.a.’s office over the objection of the FBI, and were promptly
‘dispatched’/assassinated / hit by mafia / organized crime [ this was
documented with authority in the book ‘Goombata: The Improbable Rise and Fall
of John Gotti and His Gang’ Cummings, Volkman http://www.albertpeia.com/112208opocoan/ricosummar...
http://www.albertpeia.com/112208opocoan/PeiavCoane...
http://www.albertpeia.com/currentopics2ndqtr10108....
http://www.albertpeia.com
Today
6/16/2011 12:04:10 AM PST
alpeia
wrote
White
House defends Libya action http://www.washingtonpost.com/politics/obama-administration-libya-action-does-not-require-congressional-approval/2011/06/15/AGLttOWH_allComments.html?ctab=all_&#weighIn The administration’s stance puts it at odds
with GOP leaders and some anti-war Democrats. (Washington Post) [ Well, the
defacto bankrupt u.s. can afford it! After all, we’re talking, Drudgereport:
FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS
FOR HIS RIGHT TO BOMB LIBYA... Deadliest day this year... WARS RAGE ON... U.S.
Dead in Afghanistan Tops 1,500... , days, not weeks.
NATO sliding towards Libyan ground war: Russian envoy (Reuters) ‘Libya war
driven by O.I.L.: Oil, Israel & Logistics’ – McKinney to RT As NATO attacks
continue in Libya, ex US Congresswoman and former presidential candidate
Cynthia McKinney went to the country on a non-governmental fact-finding mission
to see what exactly is going on in the war-torn country. Lawmakers sue
President Obama over Libya A bipartisan group of House members announced on
Wednesday that it is filing a lawsuit charging that President Obama made an
illegal end-run around Congress when he approved U.S military action against
Libya. 90% of Petraeus’ Captured ‘Taliban’ Were Civilians Lawmakers push for a
new Afghan strategy (WP) [ It seems they’ve taken Robert Browning to heart;
viz., that ‘a man's reach should exceed his grasp’ (from a poem by Robert
Browning). Indeed, they search for that ever elusive thing called ‘strategy’
vis-à-vis the so-called ‘Afghan mission’ for the umpteenth time. For them, this
is but a ‘mission impossible’ as a strategy implies method to this reality of
their madness.The heroin trade which they’ve ramped up (the Taliban had all but
eradicated same) and commandeered as their own has been reason enough; yet, fog
of war creates many opportunities for the american criminals despite the
defacto bankruptcy of the nation. So, for the war criminal americans, reality
certainly falls within the ambit of beyond their grasp. Though having but 5% of
the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkill...
bankrupt america also spends more on military than all the nations of the world
combined...fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc.,are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummar...
http://www.albertpeia.com/112208opocoan/PeiavCoane...
]:
CRIME STATISTICS america is No.1
Rank Countries Amount
# 1 United States: 11,877,218
# 2 United Kingdom: 6,523,706
# 3 Germany: 6,507,394
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE‘ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s
vows to target financial fraud WP | Obama has promised to hold Wall Street
accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityver...
http://www.albertpeia.com
6/15/2011
11:42:21 PM PST
Recommend
Recommended
by 2 readers
What Wall Street Won't Tell
You [ Well, as
we paraphrase what we sing in (tune ‘Love Story’) ‘Fraud Story’: Where do we
begin, to tell the story of how great a fraud can be, that great fraud story
with now fast computers is wider than the sea, and all that hard-earned money
that you’ve took from me, it breaks my h_e_a_r_t ! Yes, their churn-and-earn
frauds among others have never been so lightning fast; and, don’t forget, the
commissionable trading on wall street is a NET NEGATIVE in real economic terms
and that money for moving paper around has to come from some real place … ultimately,
you, main street, etc.. ] BRETT ARENDS ‘Year after year, Wall Street types mock the supposed
rubes and suckers who make up Mom and Pop investors.
And sure,
regular investors can make plenty of mistakes when it comes to investing.
But here's what
the Wall Street pros don't tell you: They aren't a whole lot better. I
sometimes wonder if they know anything more than the rest of us.
Yesterday two
separate reports landed on my desk. Both showed how the big money honchos have
been handling your savings and investments.
The findings?
You probably don't want to know.
According to
the latest monthly survey from Bank of America Merrill Lynch, these
professional money managers now think gold is "more overvalued than at any
time since December 2009." Those are Merrill's exact words.
In December,
2009, gold hit a high of $1,170 an ounce.
Today? Oh,
$1,515. That's an annualized return of 19%.
You couldn't
make it up. So much for "overvalued."
According to
Merrill Lynch, these professional money managers have been saying gold is
overvalued for years completely missing the massive bull market of the past
decade.
Merrill's
latest survey includes data for the past two years, as gold has nearly doubled.
During that time these professional investment managers have called gold
actually cheap just once, in January 2009. Every other month they've said:
"Oh, it's overvalued."
It was
"overvalued" in May 2008 at around $880 an ounce. It was
"overvalued" in June 2009 at around $930. It was
"overvalued" in early 2010, and it was still "overvalued" a
year ago at around $1,200 an ounce. And it's still "overvalued"
today.
Merrill says
it no longer has data going back earlier, but if my memory serves, the big
money honchos were saying the same thing about gold in earlier years, too. It
stands to reason, too, as when gold was $300 or $400 or $500 an ounce, none of
them owned it. And I paid some attention to Merrill's findings on the subject,
because I happened to be the person who first suggested they start asking about
gold, way back in 2004.
To be fair,
money managers haven't been completely useless guides to gold. December 2009,
when they said it was really, really overvalued, they had half a point. Gold
had just had a big run, and was due a correction. It then fell 10%.
And maybe
we're in the same situation now. Gold's had a good run so far this year, and
summer is traditionally a weak time in the gold market, so maybe you'll get a
better deal if you wait a bit, though there are no guarantees.
If this were
just about gold, it wouldn't matter so much.
But over the
past decade, money managers have been making an equally bad call about a much
bigger asset class: bonds.
Merrill data
show they have been calling bonds "overvalued" consistently since at
least 2002.
And they've
been singing the praises of stocks instead.
Meanwhile,
over nearly all of that time, it was generally a far smarter move to have your
money in bonds than stocks. The Vanguard
Total Bond Market Index Fund, for example, has made you nearly twice the
profits of the Total
Stock Market Index Fund with far fewer the ulcers.
This is what
we're paying the big bucks for? These guys have been loaded up to the gunwales
with stocks, holding too few bonds, and no gold, for a decade. Nice move.
I've noted
before that, on occasions, their collective gaffes have been mind-boggling.
They dumped their last remaining Japanese stocks right at the lows, in April
2003. Then they loaded up again in 2005, after Japanese stocks had already
boomed, before bailing yet again. In June 2007, they fell madly in love with
European stocks, and loaded the boat. Merrill called it "EU-phoria."
European stocks then crashed.
Now let's turn
to yesterday's second report, from pension consultants Mercer. It looks at how
big company retirement plans are managing their investments.
And it turns
out not owning gold is the least of their problems.
Mercer looked
at all the final salary plans run by Standard & Poor's 1500 companies.
Bottom line?
Many of these funds are still significantly underfunded. Even after the
gerrymandered stock market "boom" of the past two years, they have
only enough assets to cover 83% of their liabilities.
"Despite
employer contributions of $77 billion and aggregate asset returns of $156
billion (a 12% median rate of return), pension deficits decreased by only $8
billion during the fiscal year," says Eric Veletzos, the Mercer principal
in charge of the study.
An $8 billion
improvement compared to total pension liabilities of $1.7 trillion. It hardly
inspires confidence. And that's after a big rally.
Meanwhile,
says Mercer, the aging Baby Boomers are nearing retirement and many plans
"may be nearing the end of their 'growth' or 'accumulation' phase and
transitioning to a 'spend-down' phase." Oh, happy day.
So managers
are doing what you'd expect in situations like this. They are pinning their
hopes on big stock market gains, and hoping for the best.
Typical funds
are counting on investment returns between 7% and 8% a year, reports Mercer.
There's just one problem: Many of them are also holding lots of low-risk,
low-return bonds. In some cases they are holding half, or even two-thirds, of
their entire portfolios in bonds.
And yet they
are still expecting overall investment returns of 7% to 8%.
Hmm. Ten-year
Treasury bonds yield a mere 3%. Even long-term AA-rated corporate bonds yield
only about 5.3%, according to Barclays Capital. So if half your portfolio is in
investments like these, how do you get 7% or 8% overall? Easy. You just tell
people stocks will give you 8%, 9%, even 10% a year.
Good luck with
that.’
SEC
settles fraud case against former official (Washington Post) [ $14 million?
How ‘bout the trillions involved in the last and continuing crisis inducing
fraud. Well, we all know that nothing succeeds quite like failure in america;
you know, that new normal for pervasively corrupt, defacto bankrupt america.
Yes, we all know that QE has been a dismal and costly failure unless the
measure of success is the increased wealth of the frauds on wall street; after
all, as with this still extant financial crisis (toxic assets/paper/securities
cashed out and still out there in the trillions though now marked to anything
as per legislated mandate / complicity / FASB rule change) , your dollars
actually and ultimately financed their ill-gotten gains which never seem to
translate into the promised job, economic gains and go on despite well-founded,
prominent warnings that the same will not succeed and have, as warned,
exacerbated that which was meant to be cured. The key here is expectations
based on what. I, and others have been saying such expectations have been based
upon total b***s***, manipulations, if not outright fraud. Certainly the toxic
assets now marked to anything as per legislated professional criminal courtesy
in the form of FASB rule change will figure prominently in the next phase of
this ongoing economic / financial crisis / debacle, the worst of which is yet
to come, having been exacerbated thereby. Moreover, it’s now clear that the
fed’s machinations have failed, benefited fraudulent wall street and insiders
only, to everybody else’s expense and detriment including a hyperinflationary
environment some (including El Erian of PIMCO) euphemistically refer to as
stagflation. ’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings,
Volkman Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world combined...
fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are
included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all
the nations of the world combined... fed employees / contractors, cia, all 3
branches of u.s. gov’t, etc., are included in this evolved american trait of
inherent criminality
CRIME
STATISTICS >(america is No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
National / World
Is Obama About to Install a Commie at the Pentagon? Kurt
Nimmo | Making the case that Leon Panetta is a globalist tool, not a
Marxist.
Living in the Shadows: A World of Black Ops and Cyber
Wars John Galt | The shadow wars/black ops
mentality has now quickly come home to roost, as it always must.
INFOWARS EXCLUSIVE: Military Sources Reveal Ground Force
Invasion of Libya Infowars | Infowars.com has
received alarming reports from within the ranks of military stationed at Ft.
Hood, Texas.
Is This It? Mass Rioting, Civil Unrest In Greece As
Economists Warn Of Global ‘Armageddon Scenarios’ Steve
Watson | The whole of Europe and by extension, the world, could face
financial armageddon should Greece default on its debt
Meet the New Boss: Islamist Website Says Ayman al-Zawahri
New al-Qaeda Leader Kurt Nimmo | New target in
perennial war against terror group named after a database.
U.S. Invasion of Libya Set for October Aaron
Dykes | Reports from military confirm plans to initiate a full-scale
U.S.-led ground invasion in Libya, deploying troops by October.
Washington Post Covers Bohemian Grove Kurt
Nimmo | Establishment newspaper’s website posts article on the
secretive annual soiree of elitists. Following the Bilderberg meeting in St.
Moritz and the corporate media’s partial coverage in order to at least appear
somewhat relevant, the crown jewel of Operation Mockingbird, the Washington
Post, has posted an article on the decadent soiree in northern California.
Insider
Leaks Reveal Full Bilderberg Agenda On War and Alternative Media The move
by al-Qaeda in Yemen and news of the CIA plan to escalate the drone war into
Africa follows by several days word that the elite plan to expand the
fabricated war on terror. Last week in St. Moritz, Switzerland, inside sources
at the Bilderberg meeting revealed that the globalists are working to spread
the war throughout the region.
US Warships Moved
To Syrian Coast Even as the Obama administration prepares to launch a full
ground war in Libya while expanding its drone attacks inside Yemen and
Pakistan, US warships are being moved towards the Mediterrenean coast of Syria,
precisely in line with forecasts that the Bilderberg Group intended to launch a
massive new war in the Middle East, with Syria being its prime target.
U.S. Invasion
of Libya Set for October Infowars.com has received alarming reports from
within the ranks of military stationed at Ft. Hood, Texas confirming plans to
initiate a full-scale U.S.-led ground invasion in Libya and deploy troops by
October.
Change:
First Lady Wants Hollywood to Excrete Even More Pro Military Propaganda Michelle
Obama wants to see more stories of military families on TV and in movies, so
she came to Hollywood to do something about it.
Fukushima:
It’s much worse than you think Scientific experts believe Japan’s nuclear
disaster to be far worse than governments are revealing to the public.
Russia,
China warn West against Arab interference Russia and China oppose outside
interference in the unrest in the Arab world, the two presidents said on Thursday
in a declaration, as the West seeks their support for increasing pressure on
Syria.
TEPCO
starts up water treatment system, but massive radioactive waste feared Tokyo
Electric Power Co. (TEPCO) began a trial run of a radioactive water treatment
system at the crippled Fukushima No. 1 Nuclear Power Plant on June 15 in a
desperate effort to break away from the vicious cycle of injecting water into
reactors to cool them and ending up with more contaminated water.
Japan
plans to move pregnant women from far-flung radiation Japan plans to ask
pregnant women and children to move away from radiation “hotspots” that were
found far away from the crippled Fukushima nuclear plant, the government said
on Thursday, reflecting new anxieties about the spread of radioactivity.
Predatory
Policy: US, UK enter Yemen with deadly drone strikes, choppers The West is
weighing in to Yemen’s ongoing unrest – with deadly force. Officials in the
troubled country say U.S. drone strikes have killed over a hundred people,
including civilians, in the past two weeks. Now, the UK’s preparing attack
helicopters and commando squads for possible action in Yemen.
U.S.
helicopters fire on attackers in Iraq oil hub Reuters |
U.S. military helicopters fired on suspected militia fighters in southern Iraq
on Wednesday, killing one, in a rare American air strike responding to a rocket
attack on an airport.
Chossudovsky:
Bahrain killings approved in the White House While NATO continues
bombarding Libya, they have quite a different approach with other
countries–take for instance Bahrain.
Nigel
Farage: Bankers+politicians = ‘unholy alliance’ vs people Renowned
Eurosceptic and British Euro MP Nigel Farage says saving the banks is why
politicians are so determined to bail out Greece and keep it in the Eurozone.
We
Suffered a Fukushima-Style Melt-Through In the Global Financial System in 2008
… But Nothing Has Been Done to Fix It As I noted in April, the Japanese
nuclear disaster and financial crisis were caused by the exact same thing:
removing all of the safeguards in order to save money. / Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of
it and in fact continues most of the policies that helped get us here in the
first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billiions from the fraud ).
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the
meltdown.
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Biden-led
deficit talks resume [ ‘Lobotomy Joe’? Well that engenders confidence …
Riiiiight! ] Looking
for Medicaid savings Faced with severe budget problems, Republican
governors are escalating their fight against federal rules requiring states to
maintain current levels of health-care coverage for the poor and disabled.
(Washington Post) [S&P
downgrades GreeceIt now has the world’s lowest debt grade, and S&P said
a restructuring looks “increasingly likely.” (Washington Post) [ As dire as the
Greek predicament is, some very distinguished experts say: Drudgereport: USA in
Even 'Worse Shape Financially Than Greece'... CHINA:
USA 'ALREADY DEFAULTING'...
TEMPLETON
chairman: Financial Crisis 'Around Corner'...
'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
Greek
rating now worst in the world...
CCC...
Likely
Default...
Ill.
so broke considers ads on license plates...
Eurozone
'heads for break up'... The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed… an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png Navin ‘…1) The 5-year high in the
level of insider corporate stock sales is telling. At 565 sells for every 1
buy, it’s never been higher. Yes, it’s
normal for insiders to be selling some of their stocks so they can buy new
yachts and some of this is pre-planned. But that ratio — which has spiked
recently — is extraordinarily high, one might even say off-the-chart.
Facebook
Censoring Some Alternative News Sites While Allowing Hackers To Attack Others Facebook now appears to be censoring some
alternative news sites while allowing hackers to go after others. It is no
wonder they lost 6 Million users in the US last month. Google
denies special deal for Barack Obama Google denied Wednesday that it gave President Barack Obama’s
re-election campaign special access to a new advertising program, something a
sales representative from the search and advertising giant had claimed in an
email to customers.
Drudgereport:
TEMPLETON
chairman: Financial Crisis 'Around Corner'...
'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
CHINA:
USA 'ALREADY DEFAULTING'...
Greek
rating now worst in the world...
CCC...
Likely
Default...
USA in
Even 'Worse Shape Financially Than Greece'...
Protesters
burn American flag during Obama visit to Puerto Rico -- a
U.S. territory...
VIDEO:
Heckled At Miami Fundraiser...
Carney
defends WH meeting with Wall Street donors...
POLL:
Obama Loses to Generic Republican... [ No surprise here! ]
GREECE
FACES DEMAND FOR DEEPER CUTS...
Union
boss: 'Adolf Christie' trying 'to make NJ Nazi Germany'... [ Come on! Let’s get real here! First,
corrupt mob-infested jersey is already that and worse. Second, defacto mob
control, such as it is in jersey, is already facist which ultimately is what
totalitarian regimes are all about, be they right or even left. ]
STUDY:
Land of the Free? NY, NJ, CA come out at bottom of individual freedoms...
THE
FALL OF GREECE...
Deal
fails to ease contagion fears; Spanish borrowing costs hit 11-year highs...
Russia,
China warn West against Arab interference...
NSA,
Internet Providers Teaming Up To Monitor 'Web Traffic'...
Ill.
so broke considers ads on license plates...
Eurozone
'heads for break up'...
BOEHNER
GIVES OBAMA ULTIMATUM ON LIBYA
'In
five days, the administration will be in violation of the War Powers
Resolution' on Libya...
THE
OTHER WAR: Secret US, Afghan talks could see troops stay for decades...
US Housing
Crisis Now Worse Than Great Depression...
Since
stimulus passed, 1.9 M fewer
Americans working...
REPORT:
Gold headed for $5K an ounce...
OPEC
sees risk of price rise, shortage...
Obama on Weiner: 'I would resign'...
Earlier:
Sex Twittering Dem a 'Distraction'...
Will
keep $174,000 salary while in rehab...
POLL:
Just 26% Favor Continued Military Action in Libya...
UK
Navy chief: Britain cannot keep up its Libya role...
Vancouver
Rocked By Stanley Cup Riot... [Congratulations
to the Boston Bruins! ]
150
hospitalized...
Hockey
dream turns nightmare... [ As with inherently criminal americans, my
experience with canadians has not been good at all! ]
SHOCK
VIDEO: Crowd stomps man who tried to stop looting...
DALLAS
MAVS SHUT DOWN THE HEAT... [ Congratulations
to the Dallas Mavericks! ]
REPORT:
Stocks Face Rocky Week...
DOW
FALLS BELOW 12,000...
Six-week
losing streak longest since Oct 2002...
Nasdaq
Turns Negative for Year...
Fed to
Announce 'Final Bond Purchases' Today...
Another
Housing Drop Predicted...
STUDY:
Most Americans 'won't be able to retire until their 80s'...
Cash-strapped
states considering online lottery sales...
GALLUP:
OBAMA BACK UNDERWATER 45/46...
PA
2008: OBAMA 55%; 2011: 41% APPROVAL...
FLA:
Trouble in Paradise...
MURDER
CONVICTION TOSSED OVER 'RACIST' COMMENTS... [ Ridiculous! ]
Swiss
Politicians To March On Bilderberg, Demand Arrest Of Kissinger...
Italian
Politician 'bloodied' sneaking into hotel...
ECONOMIC 'HORROR' AS DATA PLUNGES
Dow
Has Longest Weekly Slump Since '04...
Housing
prices fall 'beats Great Depression slide'...
CHICAGOLAND:
Flash Mobs Attack 2 Men...
WAR
NO. 4: USA INTENSIFIES SECRET YEMEN AIRSTRIKES
Chicago
rapper calls Obama 'biggest terrorist' in US...
Poll:
Obama approval rating drops as fears of depression rise...
OBAMACARE
GOES TO COURT...
Judges
suggest they may be ready to declare law unconstitutional...
...Express
unease with gov't forcing Americans to buy health care
Random
mobs run wild in Chicago...
TARGET
CITY BUSES...
Victims
seriously injured...
NYT: SAUDIS
SPENDING $7K PER CITIZEN TO AVOID OVERTHROW OF KINGDOM... DEVELOPING...
OBAMA
OFFERS BAILOUT $$ FOR GREECE...
POLL:
Only 24% Say They Share President's Political Views...
Nearly
half of Americans fear another Great Depression...
OPEC
BREAKDOWN, NEW OIL SPIKE...
FED:
Economy falters in several US regions...
Lack
of buyers may force Treasury to boost interest rates...
China
overtakes USA as top energy consumer...
Warns
debt-default idea is 'playing with fire'...
Fitch
to review US debt rating...
TAX
FURY IN ATHENS AS GOV'T FACES DEBT
'Bankrupt'
claim heightens Spanish debt fears...
9.1%
MAY JOBS: +54,000...
MCDONALD'S
hired half...
Fears
stoked of a 'double-dip'...
CBO:
True Cost of Fannie, Freddie Bailouts $317 Billion, Not $130 Billion Obama
Claims...
Taxpayers
Still Bailing Out Banks...
WH:
'Bumps on the road to recovery'...
O
gets booed...
LET'S
GOLF ABOUT IT
China
Divests 97% of Holdings in US Treasury Bills...
DOOM: More
Americans Think Economy Will Never Recover...
GOP
sees Obama as increasingly beatable...
Recovery
Languishing as Americans Await Signal of Better Times...
Congress
Delivers Obama 'Stunning Rebuke on Libya'...
Weiner
withdraws from speaking engagement...
Dow
tumbles 280 points...
Private Sector Jobs Grew By Only 38,000 in May...
Planned
Layoffs Up...
Manufacturing
Slows...
MOODY'S:
US Rating Could Be Placed Under Review...
Greece
goes further into junk territory; MOODY'S downgrades...
AP:
Consumer confidence falls 'unexpectedly' in May...
BARONE:
Pro-Obama media always shocked
by bad economic news...
Home-price
index at lowest point since 2006 bust...
'Double-Dip'
Even Worse Than Expected...
GOLDMAN
SACHS: $5 gas this summer...
Number
of federal-owned limousines has soared under Obama...
Obama
bailout of GOV'T MOTORS to cost taxpayers at least $14 billion...
Obama
solicitor general: Don't like healthcare mandate, earn less money!
REPORT:
Senate's 100 members spend $40M for 700 offices nationwide...
7
'NATO troops' killed Thursday were American...
British
Health Care Program in Grave Peril...
Netanyahu:
Israel cannot prevent UN recognition of Palestinian state...
First
ID'ed as 'Int'l Security Assistance Force service members'...
Deadliest
day this year...
WARS
RAGE ON...
U.S.
Dead in Afghanistan Tops 1,500...
OBAMA
HITS GOLF COURSE FOR ROUND NO. 70...
ON
THE GROUND IN LIBYA
Anti-Christian
Violence Continues in Pakistan...
UPDATE:
MIAMI 'WAR ZONE' DURING URBAN WEEKEND...
'I
was scared for my life'...
Poet
'Da Real One' Gunned Down In Front Of Miami Poetry Cafe...
Violent
crime explodes in Myrtle during Black Bike Week; 8-hour hell...
Rib
Fest At Rochester beach turns rowdy...
Riot
On Long Island...
Urban
Melee In Charlotte...
Chaos
causes DNC concern for convention...
Unruly
urban crowd shuts down Nashville water park...
Emanuel
shuts down packed Chicago beach; 'heat-related illnesses'...
REPORT:
'Dozens of gang bangers'...
TEEN
GANGS UNLEASHED ON BOSTON BEACH
WHO: Radiation From Cell Phones Can Cause Cancer...
In same category as lead, engine exhaust,
chloroform...
VIDEO:
Woman Screams For Help After TSA Molestation...
WEINER
ROASTED... [ Ah, yes. Weeny
roast indeed. The end of a saga as Tony Weiner resigns. Truth be told, I’m a
bit surprised. After all, as stated in a soundbite of a new york voter, ‘they
(the rest of congress) are worse than him!’ Difficult to dispute. The truth,
that is. Kind of like that scene in
‘Road to Perdition’ of mob boss Newman’s retort to hitman Hanks, ‘there are
only murderers in this room’. Point well-taken. After all, they backed bush’s
war crimes, covered up wall street’s crisis-causing frauds in the trillions
even to this day, are venal and corrupt even as they scoffed at
straight-shooters as Ross Perot who highlighted what is now recognized as gross
incompetence, extended their tainted touch to the quid pro quo federal courts,
etc.. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
Press
conference turns into circus...
NO HUMA...
MSNBC
Host: 'Reminded me of Saddam Hussein hanging'...
REPORT:
Could Run For Seat Again in Upcoming Special Election...
Congressman
Joins Jobless Ranks...
...Approached
for 'Entourage' Cameo
NEW
PHOTOS: Weiner Used Congressional Gym As 'Sexy' Backdrop...
Entering
'psychological treatment center'...
PELOSI:
OUT... DNC
BOSS: RESIGN...
Boehner
gets laughs with quip...
PELOSI:
You gotta' go...
DNC BOSS: RESIGN...
Chorus
to quit grows...
WEINER
WON'T GO
Cops
probe texts to teen girl...
MSG:
'Large. Tights and cape'...
Weiner
admits, says they were harmless...
Rangel
defends: 'He wasn't going out with little boys'...
THE NEW TACK: Dem rep sick, needs treatment to 'make himself
well'...
New
X-rated Weiner photo hits web...
Weiner:
That's my weiner, too...
Another
Weiner Sexter Emerges...
POLITICO
on Weiner: 'Dam is breaking'...
DEMS
BAILING...
Old
Flame Calls on Him to Quit... ‘…he transcript of a nine-month "sexting"
relationship Weiner had with a Las
Vegas blackjack dealer. Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his
other views of women, he tells her, “I hear liberal girls are very, uh,
accommodating of other[s],” playing on a bogus stereotype that politically
liberal women are promiscuous. When he asks the woman, who is Jewish, “You give
good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***!
this thing is ready to do damage.” ‘[ What a total mental case! ]
REPORT:
Weiner coached woman to lie...
TMZ:
Offered PR help...
Dems
Begin Peeling Off...
Breitbart
says he has X-rated photo...
WHACKED,
NOT HACKED!
'Used govt. resources'...
Breitbart:
'I Want To Hear Truth'...
6
'inappropriate' relationships...
ABCNEWS:
Mystery Woman Revealed...
HER
STORY...
Risqué
Online Chats, Photo Swaps...
SLIDESHOW...
VIDEO:
'Web of lies'...
TWITTER TEARS: WEINER ADMITS
REPORT:
Woman claims to have 200 explicit messages from NY Dem...
IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to
make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked,
a key clue has been missing: exactly how the notorious groin pic was posted
online. But according to data provided exclusively to The Daily from
TweetCongress.org, a nonprofit website that captures each member of Congress’s
Twitter feeds in real time, the shot seen round the world was transmitted using
TweetDeck — a popular Adobe desktop application that links up with social
networking sites. A review of Weiner’s Twitter stream from May 27, the day of
the crotch pic, shows that Weiner had been posting only from TweetDeck — one of
many ways to post messages to Twitter — that entire night. Chet Wisniewski, a
senior security adviser at security software company SophosLabs, said the
TweetDeck stamp “does make it more plausible that it did come from him.” Weiner
used TweetDeck frequently, but he often also posted from the Web directly or
from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have
been hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner
admits he sent lewd picture; won't quit (AP) - After days of denials, a choked-up Rep.
Anthony Weiner confessed Monday that he tweeted a photo of his bulging underpants
to a young woman, and he also admitted to "inappropriate"
excha...’ Tearful US
congressman admits to crotch photos (AFP) ]
'This
Could Be The End For Him'...
’Pot Calls
Kettle Black’: Donald
Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald Trump has a new target, and boy does
he look pleased. "The fact is, Anthony Weiner is a bad guy," the
Celebrity Apprentice honcho, who recently decided against running for...
'Have
You Ever Taken A Picture Like This Of Yourself?'...
WEINER
CALLS COPS ON CBS WASHINGTON (CBSNewYork)
— ‘Congressman Anthony Weiner said Thursday he’s finished talking about the
lewd photo sent from his Twitter account.But he still wouldn’t say whether
he’s the one in the picture.So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview with
the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words
created quite the stir. Doors slammed and people pretended she wasn’t there
...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’!
‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect
from national drain / sinkhole new york (new york / new jersey metro). I
haven’t read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings
(Author), Ernest
Volkman (Author) Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed… an
especially great opportunity to sell / take profits while you still can since
there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.
The
Market Correction Deepens: Dave's Daily ‘… The dollar's sharp rally
Wednesday took most commodities, except precious metals, to the woodshed. So
why would the dollar rally with a trifecta of lousy economic data? It's more
likely repatriation and a flight to safety as risk avoidance remains job one.
And, the data was horrible led by the Empire State Manufacturing data (-7.8 vs
14 expected), Industrial Production (.1% vs .2% expected) and the Housing Index
(13 vs 16 previous) which combined to hit stocks hard. Yesterday's theme,
"not as bad as feared" was quickly forgotten for the spin it was.
Sure, folks are worried about Greece but it's a small country. Nevertheless,
it's symbolic of the debt crisis contagion moving around the developed world
from PIIGS to as far as Madison, Wisconsin. Political leaders must confront
realities born of this growing cancer. It won't by pretty, it won't be fun but
it must be done. Where's the leadership?! What's next? If you care, there's
Jobless Claims Thursday (Care to guess? Most experts are just picking numbers out
of the air now); Housing Starts and the Philly Fed Survey. Volume Thursday was
again much higher on selling than the previous rally.
Breadth was quite negative and approaches another 10/90 day …’
Weakening
Consumer And Manufacturing In U.S. Dishearten Markets at Forbes
[video]
Trader: Dow Could Drop to 10,500 at TheStreet.com
Greece poses $41 billion risk to U.S. banks Wed, 15 Jun 2011 Raging debt
crisis in Greece raises questions about how much U.S. banks stand to lose. ...
See
It, Market: Hooky the Bear at Minyanville
Robert
Shiller: Stocks and Real Estate Remain Grossly Overvalued
Why
the Denial of Peak Oil Is Becoming More Dangerous Every Day
Is
Ben Bernanke Sabotaging the Chinese Economy? [ Sabotage? China? I’d say
‘no-recession-helicopter-ben-b.s.bernanke’ is an ‘equal opportunity
incompetent’ and wall street fraud protector, as the entire world realizes
day-by-day! ]
Minyanville's
T3 Daily Recap: Greek Anxiety Triggers 180 Point Drop in Dow
Big
Money Investors Feeling Fearful: Follow the Puts Barrons
Steve Sears ‘VIX is up above 21. The
Standard & Poor’s 500 Index is down 19 big ones. How afraid are
investors? Follow the puts. The trading patterns reveal widespread fear among
investors with big money. Toward the close, one investor bought 22,000
September 1,225 puts on the Standard & Poor’s 500 Index, and sold 22,000
September 1,125 puts. The position hedges about $2.7 billion worth of stocks in
case the Standard & Poor’s 500 Index drops from its current level of 1,267
to 1,125. This trade indicates a major investor is worried about further
declines, and has protected his portfolio into September in case the stock
market free-falls. That investor is not alone. A review of S&P 500 put
trading shows significant trading volume at almost every available strike. The
action reflects this Thursday’s expiration of index options, which is clearly
responsible for some of the action. But the tone of trading marks the first
time in months that fear has truly animated the options market. If conditions
continue to deteriorate in Greece – and this is doubly true if Greece defaults
on its debt – today’s put buying will seem like an aperitif ahead of put-buying
smorgasbord. VIX at 21 will seem like a bargain compared to fear of economic
contagion.’ [ Then, of course, there are those really close to the ‘action’: Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart…’ ]
U.S.
Banks Tumble, But European Banks Really Tumble
Sell
On The Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite agree with Mr.
Lenzner who has resisted through sound judgment the temptations and implicit
pressures of the herd mentality on wall street. After all, bulls are cattle and
hardly known for their brain power. ] ‘ Don’t listen to all the
money managers selling their wares on tv. Unfortunately, this is a
watershed moment for investors again– and I’m feared all the negatives in the
world are seeming to overwhelm. We are in midst of 7th straight week down.QE2
will end in 15 days– and it played a strong support system for equities–
up 25%, oil, up 25% and gold, up 25% ever since September, 2010 when Fed
Chairman Ben Bernanke signaled he wanted to increase the wealth on paper of
investors.If equities are on the way down– and the rout today overwhelmed the
gains yesterday– then you will experience the double whammy of stocks and
homes losing value at the same time– to what extent nobody knows. Money
center banks like Bank of America certainly face write-downs from their huge
portfolio of home mortgages. Wells Fargo, a Berkshire holding, is one of the
widest held stocks by the mutual fund industry.Yes, The Greek economy is in
deep trouble, but the larger problem is the holdings of European banks in the
loans of Greece, Ireland, Portugal, Spain and Italy. Already, Moodys is talking
about downgrading 3 major French banks. It’s the turn of the British and German
banks to face huge write-offs on their loans to troubled nations– and
secondarily the need to raidse more capital themselves.I was informed this
morning that some large money market funds in the US may hold large amounts of
European bank paper, which could be difficult to liquidate in the current
market environment. We’ll try to check out which ones, but you may
recall that PIMCO lost most of the $3.4 billion in Lehman Brothers fixed income
securities it owned.Then, there’s the uncomfortable coincidence of the sell off
in the emerging nations, especially China where inflation is running at 6%, and
the understandable softness in major commodities like oil– $94 in the US
today, while the dollar rallied and gold looks to have lost its
momentum.Indeed, this is a watershed moment. Just because cash is yielding
nothing is no good reason to be 100% invested in common stocks.’
Minyanville's
T3 Daily Recap: Greek Anxiety Triggers 180 Point Drop in Dow at
Minyanville
Reprieve
Over at The Wall Street Journal
Market Beat Mark Gongloff
‘Just when it seemed the stock market was clawing its way toward a
winning week, its first in seven, the Greek
crisis flared anew, and suddenly the market is on track for a seventh
straight losing week.The Dow fell 1.5%, or 179 points, to its lowest close
since mid-March. The S&P 500 fell even harder, losing 1.7%.Even Pandora
Media, wandering into the market on its first day of trading, had
a non-LinkedIn-like 9% gain.There are still two whole days left to the week, of
course — still plenty of time for the market to come out of it a winner. A
solid resolution, though likely only temporary, to the Greek crisis could be a
catalyst.But for now the guts of the market don’t promise much of a rally any
time soon. How’d the leading-type indexes do? Not well. The Nasdaq and the
Russell 2000 each fell about 1.8% and are back into the red for the year.The
S&P 500′s worst performers were energy stocks, down 2.5%, as crude oil tumbled more than 4% to below $95 a
barrel. Materials stocks fell 2.3%, and financials fell 2.2%. That drop in
financials is troubling, as it suggests there could be more to
come.Similarly, the euro’s sharp decline, down nearly 2% to below $1.42, is
another indicator of wider risk aversion than we’ve seen so far in the US stock
market’s six-week losing streak.It suggests investors are starting to think
about the systemic, Lehman-like risks of a Greek default. Against the backdrop
of weaker economic data in the US, this is not a recipe for a roaring
rally any time soon. We won’t even mention how the return of violent
anti-austerity protests in the streets of Athens raises eerie parallels to the
flash crash last May.’
What Wall Street Won't Tell
You [ Well, as
we paraphrase what we sing in (tune ‘Love Story’) ‘Fraud Story’: Where do we
begin, to tell the story of how great a fraud can be, that great fraud story
with now fast computers is wider than the sea, and all that hard-earned money
that you’ve took from me, it breaks my h_e_a_r_t ! Yes, their churn-and-earn
frauds among others have never been so lightning fast; and, don’t forget, the
commissionable trading on wall street is a NET NEGATIVE in real economic terms
and that money for moving paper around has to come from some real place …
ultimately, you, main street, etc.. ]
BRETT ARENDS ‘Year after year, Wall
Street types mock the supposed rubes and suckers who make up Mom and Pop
investors.
And sure,
regular investors can make plenty of mistakes when it comes to investing.
But here's
what the Wall Street pros don't tell you: They aren't a whole lot better. I
sometimes wonder if they know anything more than the rest of us.
Yesterday two
separate reports landed on my desk. Both showed how the big money honchos have
been handling your savings and investments.
The findings?
You probably don't want to know.
According to
the latest monthly survey from Bank of America Merrill Lynch, these
professional money managers now think gold is "more overvalued than at any
time since December 2009." Those are Merrill's exact words.
In December,
2009, gold hit a high of $1,170 an ounce.
Today? Oh,
$1,515. That's an annualized return of 19%.
You couldn't
make it up. So much for "overvalued."
According to
Merrill Lynch, these professional money managers have been saying gold is
overvalued for years completely missing the massive bull market of the past
decade.
Merrill's
latest survey includes data for the past two years, as gold has nearly doubled.
During that time these professional investment managers have called gold
actually cheap just once, in January 2009. Every other month they've said:
"Oh, it's overvalued."
It was
"overvalued" in May 2008 at around $880 an ounce. It was
"overvalued" in June 2009 at around $930. It was
"overvalued" in early 2010, and it was still "overvalued" a
year ago at around $1,200 an ounce. And it's still "overvalued"
today.
Merrill says
it no longer has data going back earlier, but if my memory serves, the big
money honchos were saying the same thing about gold in earlier years, too. It
stands to reason, too, as when gold was $300 or $400 or $500 an ounce, none of
them owned it. And I paid some attention to Merrill's findings on the subject,
because I happened to be the person who first suggested they start asking about
gold, way back in 2004.
To be fair,
money managers haven't been completely useless guides to gold. December 2009,
when they said it was really, really overvalued, they had half a point. Gold
had just had a big run, and was due a correction. It then fell 10%.
And maybe
we're in the same situation now. Gold's had a good run so far this year, and
summer is traditionally a weak time in the gold market, so maybe you'll get a
better deal if you wait a bit, though there are no guarantees.
If this were
just about gold, it wouldn't matter so much.
But over the
past decade, money managers have been making an equally bad call about a much
bigger asset class: bonds.
Merrill data
show they have been calling bonds "overvalued" consistently since at
least 2002.
And they've
been singing the praises of stocks instead.
Meanwhile,
over nearly all of that time, it was generally a far smarter move to have your
money in bonds than stocks. The Vanguard
Total Bond Market Index Fund, for example, has made you nearly twice the
profits of the Total
Stock Market Index Fund with far fewer the ulcers.
This is what
we're paying the big bucks for? These guys have been loaded up to the gunwales
with stocks, holding too few bonds, and no gold, for a decade. Nice move.
I've noted
before that, on occasions, their collective gaffes have been mind-boggling.
They dumped their last remaining Japanese stocks right at the lows, in April
2003. Then they loaded up again in 2005, after Japanese stocks had already
boomed, before bailing yet again. In June 2007, they fell madly in love with
European stocks, and loaded the boat. Merrill called it "EU-phoria."
European stocks then crashed.
Now let's turn
to yesterday's second report, from pension consultants Mercer. It looks at how
big company retirement plans are managing their investments.
And it turns
out not owning gold is the least of their problems.
Mercer looked
at all the final salary plans run by Standard & Poor's 1500 companies.
Bottom line?
Many of these funds are still significantly underfunded. Even after the
gerrymandered stock market "boom" of the past two years, they have
only enough assets to cover 83% of their liabilities.
"Despite
employer contributions of $77 billion and aggregate asset returns of $156
billion (a 12% median rate of return), pension deficits decreased by only $8
billion during the fiscal year," says Eric Veletzos, the Mercer principal
in charge of the study.
An $8 billion
improvement compared to total pension liabilities of $1.7 trillion. It hardly
inspires confidence. And that's after a big rally.
Meanwhile, says
Mercer, the aging Baby Boomers are nearing retirement and many plans "may
be nearing the end of their 'growth' or 'accumulation' phase and transitioning
to a 'spend-down' phase." Oh, happy day.
So managers
are doing what you'd expect in situations like this. They are pinning their
hopes on big stock market gains, and hoping for the best.
Typical funds
are counting on investment returns between 7% and 8% a year, reports Mercer.
There's just one problem: Many of them are also holding lots of low-risk, low-return
bonds. In some cases they are holding half, or even two-thirds, of their entire
portfolios in bonds.
And yet they
are still expecting overall investment returns of 7% to 8%.
Hmm. Ten-year
Treasury bonds yield a mere 3%. Even long-term AA-rated corporate bonds yield
only about 5.3%, according to Barclays Capital. So if half your portfolio is in
investments like these, how do you get 7% or 8% overall? Easy. You just tell
people stocks will give you 8%, 9%, even 10% a year.
Good luck with
that.’
SEC
settles fraud case against former official (Washington Post) [ $14 million?
How ‘bout the trillions involved in the last and continuing crisis inducing
fraud. Well, we all know that nothing succeeds quite like failure in america;
you know, that new normal for pervasively corrupt, defacto bankrupt america.
Yes, we all know that QE has been a dismal and costly failure unless the
measure of success is the increased wealth of the frauds on wall street; after
all, as with this still extant financial crisis (toxic assets/paper/securities
cashed out and still out there in the trillions though now marked to anything
as per legislated mandate / complicity / FASB rule change) , your dollars
actually and ultimately financed their ill-gotten gains which never seem to
translate into the promised job, economic gains and go on despite well-founded,
prominent warnings that the same will not succeed and have, as warned,
exacerbated that which was meant to be cured. The key here is expectations
based on what. I, and others have been saying such expectations have been based
upon total b***s***, manipulations, if not outright fraud. Certainly the toxic
assets now marked to anything as per legislated professional criminal courtesy
in the form of FASB rule change will figure prominently in the next phase of
this ongoing economic / financial crisis / debacle, the worst of which is yet
to come, having been exacerbated thereby. Moreover, it’s now clear that the
fed’s machinations have failed, benefited fraudulent wall street and insiders
only, to everybody else’s expense and detriment including a hyperinflationary environment
some (including El Erian of PIMCO) euphemistically refer to as
stagflation. ’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings,
Volkman Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all
the nations of the world combined... fed employees / contractors, cia, all 3
branches of u.s. gov’t, etc., are included in this evolved american trait of
inherent criminality
CRIME
STATISTICS >(america is No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Greek debt
fears sink Wall Street, more losses eyed (Reuters) Stocks
tumbled on Wednesday, driven lower by escalating Greek debt woes, while
troubling U.S. data pointed to further losses ahead.
Greeks
Strike, Clash With Police Over Austerity Reuters |
Stone-throwing Greeks clashed with police and tens of thousands of protesters
marched on parliament on Wednesday.
Gold
May Advance on Inflation Concern, Sovereign-Debt Crisis in Europe Bloomberg
| Gold may gain for the first time in three days.
‘Bumbling’
Economy Result of ‘Meddling’ From Leaders: Ross CNBC | The
US economy is just “bumbling along” and creating an uncertainty.
Warnings
Of A Great Depression or Hyperinflation Unemployment at 22.4% is causing a
run on assets of retirement funds. That is probably why legislation is being
introduced to limit how much money can be removed from these investment
vehicles.
Greek
Ruling Party Members Rebel: Another MP To Vote Against Bailout So “He Can
Safely Walk The Streets” Earlier today, we reported about Kozani Alekos
Athanasiadis, a member of parliament for the Greek ruling PASOK party, who in a
radio interview said that he would vote against the medium-term program.
The
Reason Why Greece Is Angry, Or They Don’t Call It The “Misery Index” For
Nothing A day ahead of the general Greek strike coupled with major
Parliament blockade protest, it is useful to remember just why it is that
Greeks are so angry.
US
Housing Crisis Is Now Worse Than Great Depression It’s official: The
housing crisis that began in 2006 and has recently entered a double dip is now
worse than the Great Depression.
Biden-led
deficit talks resume [ ‘Lobotomy Joe’? Well that engenders confidence …
Riiiiight! ] Looking
for Medicaid savings Faced with severe budget problems, Republican
governors are escalating their fight against federal rules requiring states to
maintain current levels of health-care coverage for the poor and disabled.
(Washington Post) [S&P
downgrades GreeceIt now has the world’s lowest debt grade, and S&P said
a restructuring looks “increasingly likely.” (Washington Post) [ As dire as the
Greek predicament is, some very distinguished experts say: Drudgereport: USA in
Even 'Worse Shape Financially Than Greece'... CHINA:
USA 'ALREADY DEFAULTING'...
TEMPLETON
chairman: Financial Crisis 'Around Corner'...
'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
Greek
rating now worst in the world...
CCC...
Likely
Default...
Ill.
so broke considers ads on license plates...
Eurozone 'heads for break up'... The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits while you still can since there's much worse to come! Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.
National /World
NATO
sliding towards Libyan ground war: Russian envoy (Reuters)
The Cloud: Trojan Horse For Internet Takeover [ I must agree and find it difficult to
imagine any rational person giving over to the cloud their own computer ops. ] Paul
Joseph Watson | Welcome to a corporate, cable TV-style world wide web.
Stephen Baldwin May “Go Head to Head with Big Brother”
Alec in NYC Mayor Race [ I’m
for Alec Baldwin for Mayor … sorry Steve. ] Kurt Nimmo | Alex
Jones interviewed the younger Baldwin at this year’s Talker New Media
Conference in New York City.
TSA “Security Exercise” Covers 3 States, 5000 Miles Paul
Joseph Watson | If you’re still living under the delusion that the TSA
is just restricted to airports then think again.
Pentagon Papers Whistleblower Ellsberg Says Government
Has ORDERED the Media Not to Cover 9/11 Washington’s Blog
| It’s big news that the Pentagon Papers have finally been released by the
government.
1.9 Million Fewer Americans Have Jobs Today Than When
Obama Signed Stimulus Matt Cover | Twenty-eight
months after Congress passed President Obama’s signature economic stimulus law,
and nearly one year after he declared the summer of 2010 to be “Recovery
Summer,” 1.9 million fewer people are employed.
Another Greek MP To Vote Against Bailout So “He Can
Safely Walk The Streets” Tyler Durden | Earlier
today, we reported about Kozani Alekos Athanasiadis, a member of parliament for
the Greek ruling PASOK party, who in a radio interview said that he would vote
against the medium-term program.
Lawmakers
sue President Obama over Libya Politico | Bipartisan group
of House members announced it is filing lawsuit charging that Obama made an
illegal end-run around Congress when he approved military action against Libya.
‘Libya
war driven by O.I.L.: Oil, Israel & Logistics’ – McKinney to RT As NATO
attacks continue in Libya, ex US Congresswoman and former presidential
candidate Cynthia McKinney went to the country on a non-governmental
fact-finding mission to see what exactly is going on in the war-torn country.
Provocateurs
In Greece Causing Brutal Police Crackdown on Leigitmate Protesters Greece
is at boiling point – with police firing tear gas at crowds of angry
protesters. Thousands of demonstrators are trying to block access to the
Parliament building, where the government is discussing more cutbacks to secure
further rescue loans.
Celente
Slams “Cartoon News Network” GOP Debate Trends forecaster and social
commentator Gerald Celente has slammed this week’s GOP presidential debate
hosted by CNN as a “disgraceful” indication of the decline of America.
Lawmakers
sue President Obama over Libya A bipartisan group of House members
announced on Wednesday that it is filing a lawsuit charging that President
Obama made an illegal end-run around Congress when he approved U.S military
action against Libya.
Angry Protests
Erupt Throughout China AN eruption of protests throughout China has sent
armoured vehicles into town centres, prompted an internet blackout by the
government and left thousands across the country blogging about “crazy”
violence on the streets.
TSA
“Security Exercise” Covers 3 States, 5000 Miles If you’re still living
under the delusion that the TSA is just restricted to airports then think
again. A joint VIPR “security exercise” involving military personnel has
Transportation Security Administration workers covering 5,000 miles and three
states, illustrating once again how the TSA is turning into a literal occupying
army for domestic repression in America.
Facing
a tall order in Afghanistan A
low-key Marine, Gen. John R. Allen, is set to take over the war at a
high-stakes moment (Washington Post) [ Tall order? That’s an understatement!
Even if pervasively corrupt america wasn’t defacto bankrupt the ‘task’ would
still be on the order of ‘mission impossible’.
90%
of Petraeus’ Captured ‘Taliban’ Were Civilians Gareth Porter
| More than 80 percent of those called captured Taliban fighters were released
within days of having been picked up, because they were found to have been
innocent civilians. Lawmakers
push for a new Afghan strategy
Congressional leaders are urging President Obama to take full advantage
of progress achieved by narrowing the focus of the Afghan mission. (Washington Post) [ It seems they’ve taken
Robert Browning to heart; viz., that ‘a man's reach should exceed his grasp’ (from a poem
by Robert Browning).
Indeed, they search for that ever elusive thing called ‘strategy’ vis-à-vis the
so-called ‘Afghan mission’ for the umpteenth time. For them, this is but a
‘mission impossible’ as a strategy implies method to this reality of their
madness. The heroin trade which they’ve ramped up (the Taliban had all but
eradicated same) and commandeered as their own has been reason enough; yet, fog
of war creates many opportunities for the american criminals despite the
defacto bankruptcy of the nation. So, for the war criminal americans, reality
certainly falls within the ambit of beyond their grasp. Though having but 5% of the world’s population, the u.s. has 76% of
the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all
the nations of the world combined... fed employees / contractors, cia, all 3
branches of u.s. gov’t, etc., are included in this evolved american trait of
inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring failures
of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Obama
courts Latino vote with Puerto Rico visit Awkward
Romney In casual moments, his weirdness comes through. (Washington Post) [
Didn’t see the debate nor read Mr. Milbank’s article. I’m certainly not going
defend Romney after his recent gratuitous and misguided shill for israel; yet,
it must be emphasized that wobama apologist / defender Mr. Milbank ignores the
reality of ‘wobama the b’ (for b***s***) as a complete and abject failure as
president or anything else, for that matter. Wobama is a total piece of s***
and I’m nonplused how he even came to be a u.s. senator, much less a candidate
for president (actually David Icke clarifies infra); not that scrutiny of the senate
reveals a distinguished, capable bunch at all. Then of course there’s the long
history of corrupt Chicago / Illinois politics, mob / organized crime, etc..
Wobama’s such a total fraud! Even
Puerto RICO’s on to him … Drudgereport: Protesters burn American flag during Obama visit to Puerto
Rico -- a
U.S. territory... I find even his retirement costs
objectionable. Obama: My
family is ‘fine’ with one term Politico | President Barack
Obama says his family is “not invested” in a second term. The pandering by the
wobamas is nauseating. And, michele’s fundraisers? What’s up with that? Wobama’s
such a glomming golem / slug. Obama
says if he were Weiner, he’d resign
President Obama on Monday waded into the debate over whether embattled
Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to
be with your Presidential camp, who is alleged to claim that someone claiming
to represent me called asking for $100,000, to keep me from coming forward about
our (Obama and I) November 1999 encounter of sex and cocaine use?), ... Obama
is just another Banksters' moll prostituting himself .., and that's why he
supported the grotesque bail-out of the banking system and why he will always
put their interests before the people. http://albertpeia.com/obamadeceptionhighqualityversion.flv
Romney
says he can heal economy He kicks
off presidential bid by trumpeting his record as a turnaround specialist in
business. (Washington Post) [ Well, he’s certainly not going to do that by
toeing the israeli lobby line as did failed president wobama the b (for
b***s***), despite his recent rhetoric (meaningless coming from wobama the b)
seemingly, but not really in terms of action (he’s literally continued the
perma-war policies of war criminal and moron dumbya bush; ie., Afghanistan,
Libya, etc., Drudgereport: FLASHBACK: Obama: U.S.
Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO
BOMB LIBYA... Deadliest day this year... WARS RAGE ON... U.S. Dead in Afghanistan Tops
1,500...
Marcus:
Weiner takes refuge in Rehab Nation (Washington Post) [ Drudgereport: THE NEW TACK: Dem rep sick, needs treatment to 'make himself
well'...
New
X-rated Weiner photo hits web...
Weiner:
That's my weiner, too...
Another
Weiner Sexter Emerges...
POLITICO
on Weiner: 'Dam is breaking'...
DEMS
BAILING...
Old
Flame Calls on Him to Quit... ‘…he transcript of a nine-month "sexting"
relationship Weiner had with a Las
Vegas blackjack dealer. Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the hard-core
porn industry makes billions of dollars on selling to men. You don’t want to
gag a woman with your penis unless you have some serious issues with the way
you see women. As for his
other views of women, he tells her, “I hear liberal girls are very, uh,
accommodating of other[s],” playing on a bogus stereotype that politically
liberal women are promiscuous. When he asks the woman, who is Jewish, “You give
good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***!
this thing is ready to do damage.” ‘[ What a total mental case! ]
REPORT:
Weiner coached woman to lie...
TMZ:
Offered PR help...
Dems
Begin Peeling Off...
Breitbart
says he has X-rated photo...
WHACKED,
NOT HACKED!
'Used govt. resources'...
Breitbart:
'I Want To Hear Truth'...
6
'inappropriate' relationships...
ABCNEWS:
Mystery Woman Revealed...
HER
STORY...
Risqué
Online Chats, Photo Swaps...
SLIDESHOW...
VIDEO:
'Web of lies'...
TWITTER TEARS: WEINER ADMITS
REPORT:
Woman claims to have 200 explicit messages from NY Dem...
IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to
make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked,
a key clue has been missing: exactly how the notorious groin pic was posted
online. But according to data provided exclusively to The Daily from
TweetCongress.org, a nonprofit website that captures each member of Congress’s
Twitter feeds in real time, the shot seen round the world was transmitted using
TweetDeck — a popular Adobe desktop application that links up with social
networking sites. A review of Weiner’s Twitter stream from May 27, the day of
the crotch pic, shows that Weiner had been posting only from TweetDeck — one of
many ways to post messages to Twitter — that entire night. Chet Wisniewski, a
senior security adviser at security software company SophosLabs, said the
TweetDeck stamp “does make it more plausible that it did come from him.” Weiner
used TweetDeck frequently, but he often also posted from the Web directly or
from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have
been hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner
admits he sent lewd picture; won't quit (AP) - After days of denials, a choked-up Rep.
Anthony Weiner confessed Monday that he tweeted a photo of his bulging
underpants to a young woman, and he also admitted to "inappropriate"
excha...’ Tearful US
congressman admits to crotch photos (AFP) ]
'This
Could Be The End For Him'...
’Pot Calls
Kettle Black’: Donald Trump
Unloads on Anthony Weiner: "He's a Psycho" - Donald Trump has a new target, and boy does
he look pleased. "The fact is, Anthony Weiner is a bad guy," the
Celebrity Apprentice honcho, who recently decided against running for...
'Have
You Ever Taken A Picture Like This Of Yourself?'...
WEINER
CALLS COPS ON CBS WASHINGTON (CBSNewYork)
— ‘Congressman Anthony Weiner said Thursday he’s finished talking about the
lewd photo sent from his Twitter account.But he still wouldn’t say whether
he’s the one in the picture.So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words
created quite the stir. Doors slammed and people pretended she wasn’t there
...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’!
‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect
from national drain / sinkhole new york (new york / new jersey metro). I
haven’t read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings
(Author), Ernest
Volkman (Author) Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world combined...
fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are
included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Obama’s America:
Prosperity Lost President Obama, the fellow leftists in his administration,
and the Congress, nearly none of whom have ever made a viable contribution to
the Gross Domestic Product, are hell-bent on seizing complete control of the
economy.
Despite
Today's Rally, Investors See Threat of a Market Correction at
Minyanville Lloyd Khaner June
14, 2011 ‘We may not be out of the woods, yet; this week, investors were given
new reasons to worry.
Investors
are in better spirits today following upbeat news about retail sales and
China's move to curb inflation, but make no mistake: the global markets remain
nervous and the risk
of a major correction lingers.
This week, Lloyd's Wall of Worry climbs to 22 blocks, with three new concerns
joining the list of fear-inducing hot topics: Mini-flash crashes, the ECB's
promise to hike rates and China's U.S.-listed reverse merger companies.
For more on how to use Lloyd's Wall of Worry as an investing
tool, see below. For a look at the the specific worries making investors
nervous this week, keep reading.
QE II: Okay, we got it -- no QE 3. How’s about a 2.5, so we go from the cigs to
the nicotine patch and avoid the massive withdrawal pain of cold turkey?
U.S. ECONOMY: Let’s not have everyone panic because we got one or two -- or
six -- weak economic reports. Though hopefully a few key people will
panic and “FIX IT!”
UNEMPLOYMENT: “The long and winding road, that leads, to your door…” from the
unemployment office. Getting sad and tough and mean and nasty and real out
there.
U.S. DEBT CEILING: No doubt about it we're rapidly building another lose-lose
situation here. We don’t raise it, we lose credibility. We do raise it, we lose
credibility.
INVESTOR SENTIMENT: The professional traders are so freaked that they’re
wearing straightjackets to work. Amateur traders would do the same but they
lost theirs trading
against the pros.
HOUSING CRISIS: I’d say let’s just hit the fast forward button to the end of
this mess but I’m afraid that at my age I would look ridiculous in the Mad
Max-wear we’re all destined to be donning.
INFLATION: Well, there’s one place it’s not currently showing up and that’s in stock
prices. Gallows humor anyone?
STOCK MARKET TECHNICALS: Short-term oversold, which means there may be a bit
more on the downside, or a lot more on the downside, or a bit of a bounce up
but not a full-on rally. Now, honestly, aren’t you glad you didn’t have to pay
for the aforementioned technical analysis?
FLOODS, TORNADOES, VOLCANOES: “Say hello to my little friend…." Hurricane
Season. Coming soon to a southern U.S. state near you!
OIL PRICES: Frack This! Frack That! Frack Me! Frack You! Pardon my language but
I’ll say anything to get the fracking price
of oil down.
ARAB SPRING: Syria and Yemen feeling more like late fall with a long, cold
winter ahead.
LIBYA: Congressional patience running short, our involvement running long. Bad
combo.
JAPAN: It may be an island physically but with the third largest economy in the
world, it isn’t an island economically.
CHINA: Four interest rate hikes plus eight reserve increases equals twelve taps
on the economic brakes. Let’s hope lucky No. 13 doesn’t slip into a stomp that
gives all of us whiplash.
ASIAN
ECONOMIES: Channeling the voice of the legendary sportscaster Howard Cosell,
“Down goes Asia! Down goes Asia! Down goes Asia!”
MARGIN DEBT: It’s high, too high. And it’s in weak hands, too weak.
SOVEREIGN DEBT: Playing out like a Greek tragedy, with real Greeks, real
tragedy and every economic player in the world as the chorus. I hereby dub
thee, “The Defaultedes!”
COMMODITIES: You know the market is rough when even the most manipulated financial
assets in the world can’t be artificially spiked skywards.
POLICY MISTAKE: Like walking a tight rope carrying a tray of pyramid-stacked
champagne glasses during hurricane season without a net. The world’s major
economic powers cannot afford
even a slight slip-up. I can’t watch.
MINI-FLASH CRASHES: Last week’s one-day wonder winner: natural gas! Do I hear
any nominations for this week’s systemic blunder?
REVERSE MERGER COMPANIES: These Chinese imports may be more toxic than that 2004 vintage
drywall they cranked out, and certainly a heckuva lot more expensive.
EUROPEAN CENTRAL BANK: Promises of more rate hikes to come. Some promises are
made to be broken -- fingers crossed on this one.’
Top 3
Reasons Markets Were Up Big Despite Gloomy Headlines [Oh come on! ‘Better than expected data from
the … commerce department? China’s still growing, duh; which is just dandy for
defacto bankrupt america ? Solar? This is an especially great time to sell /
take profits since beyond the puff / sluff there’s much worse to come! ] ‘Wall St Cheat SheetOn Tuesday June 14, 2011, Markets closed up on Wall Street: Dow +1.03% ,
S&P +1.26% , Nasdaq +1.48% , Crude +2.12% , Gold +0.68% .
On the
commodities front, Oil (NYSE:USO) added $2 to close just below $100 a barrel, while
precious metals were had a nice day with Gold (NYSE:GLD) and Silver (NYSE:SLV) both in the green.
Today’s
markets were up because:
1) Retail
sales shocked the doom-and-gloomers. Funny thing about the uber-bears is they
are spot about consumers when Oil (NYSE:USO) spikes, but they always forget to adjust
expectations when the facts change. Today retail shorts melted first when Best
Buy (NYSE:BBY) announced strong earnings and then when the
Commerce Department showed retail sales grew 0.3% (ex-food and gas).
2) Surprise!
China is still growing. A ton of the recent selling has been on the playbook
that slowing growth in China (NYSE:FXI) will drag down the world economy. Well, at least the
Chinese government says China is growing just fine. That was the main
catalyst for stocks to pop today as global shorts unwound enough shares to
accommodate China’s data.
3) Solar
stocks were on fire. Google (NASDAQ:GOOG) threw down some big support to SolarCity to
help boost growth in residential solar power (NYSE:TAN). Check Out: Here’s Why Solar Stocks are On Fire Now .
Bonus: Will
Internet Radio and the Cloud Squash Sirius XM Radio?.’
Bearish
Signs Are Quickly Adding Up at
Minyanville Gary Kaltbaum Jun 13, 2011 ‘When the markets are in a
bear phase, as they are now, it becomes immensely important to keep our eye on
certain things.
Over
the past few weeks, I have been more cautious. During that time on the Buzz & Banter,
I outlined why I thought the market was in trouble. The simple fact is
that every characteristic that usually show up near tops in the market...
showed up. When these characteristics show up, it is time to keep an eye
out for trouble. All that has to happen is for negative price and volume to
confirm. Subtle signs showed up weeks in advance. When listening to
those who say this recent drop came out of nowhere, please take it with a grain
of salt. Here are those bearish characteristics that I've said would eventually
come back to haunt the market:
Financials
Big financials were acting like it was '07 all over again. They sit when the
market goes up and they lead down when the market sinks.
It's quite amazing that this is occurring while the Fed is just handing money
over to them. This is important, as financials have always been a key to the
market.
Major New Highs Divergence
Every time the market went to new highs, there were fewer and fewer stocks
hitting new highs... indicating strength was narrowing.
Defense Leads
Speaking of leadership narrowing, over the past several weeks, we saw drugs,
food, beverages, tobacco, and utilities lead. It's a classic sign of
trouble when the most defensive of issues are being bought.
Low Levels of Cash
Mutual funds are only holding 4% in
cash -- a very low level -- providing very little ammo for the market.
Over the Top Bullish Sentiment
I noticed one pundit call for 2600 S&P by 2013 and another
calling for 20,000 Dow within 18 months. These type of calls
do not occur at the lows.
Many Stock Splits and Mergers
Stock splits and mergers do not
occur at lows. In fact, they occur at highs.
Emerging Markets
Markets like China, Brazil, and others entered their own bear phases
before US markets.
A Plethora of IPOs and Secondaries
This adds supply to the market, but more importantly it's another
characteristic that shows up at highs, not at lows. To make matters
worse, investment banks -- as usual -- learned no lessons from the
late '90s about bringing companies public with $5-10 billion valuations that do
not have even $100 million in sales and lose money. They get
their fees and investors lose.
Semiconductors
Another important leading sector is the semis. They have led the market for
many years, both up and down. When they topped in March, I became worried. When
they rolled over in mid-May, I became double worried.
Finally and Most Importantly
Nothing bad happens when major indices are above the 50 day moving averages, and only bad
happens when below. The final dagger occurred last Wednesday when markets dived
below on volume. Since then, there's nothing but distribution. On a daily basis
we are seeing weak closes, another important sign of a bear phase.
Try
to resist the urge to listen to permabull Wall Streeters during bear
phases, as it could cost you a bundle.
You will be hearing the terms overdone, overreaction, undervalued, cheap, and
so on. Be careful!
I am amazed at the complacency I have seen so far. After stating my bearish
stance on Fox News a few
weeks ago, I received a bunch of disagreeing emails, and even hate mail. Some
people just never want to believe the market can go down. There is no way of
knowing when a bear phase will end, but just like we know the characteristics
that show up during a market top, we know the characteristics that show up
during a market bottom. I do believe this market has a date with the 200-day moving
average which is only a couple percent lower. At this
juncture, I am inclined to believe it will occur.
To answer the question on whether the market could have another flash crash, I
wouldn't bet against anything as I do not believe the masses are prepared, and
I do believe the masses still have the buy the dip mentality.
On a short-term basis, major indices remain very stretched, expended, and
oversold to the downside. But again, oversold could stay oversold for a while.
I suspect the 200-day average could first provide the market with some sort of
relief rally. Any rally should be sold as I believe there is going to be more
time and price in this bear phase.
My last point is on the economy because many weeks ago I thought the economy
had topped. Since then and unfortunately, this has been the case. What did I
see? Every quarter I visit numerous retail outlets and I speak to select
people in differing industries. These are ordinary people either running or
working at businesses
and they all said that things had stalled, that there was no upward
trajectory. I then heard the heads of Walmart (WMT) and Target
(TGT) say
that the consumer
hit a wall. (Here's a hint, never argue with what Walmart says. Don't
listen when a pundit says the news is just limited to Walmart. The
company only does $400 billion in sales.) The last and most important
clue... commodities topped, indicating demand was indeed softening. Weeks
later, all the worsening news has started to come out.
My biggest worries are simple:
The Fed is out of ammo. Interest rates are already at zero percent. Yes,
they can print more money but that only crushes the dollar and lifts
commodities, which in turn hurts the consumer. Crushing your own currency has
never worked.
This administration is in dire need of watching the Seinfeld episode where Jerry told George that if every
decision he has ever made was wrong, then doing the opposite must be right.
We've seen massive deficits, massive amounts of new regulations, threats of tax
increases, demonization of almost every industry,
and a health care bill that does nothing more than add more costs to hiring
even though they say it will lower costs and lower the deficits. There is only
one outcome from this questionable policy... and we are seeing it. The
Obama administration is not dealing with a sluggish economy, it is
causing it.
So I worry. It is only bad when markets go down, and right now, it
is bad. Markets are going down and we may have only seen the beginning
as the trust factor remains very low. Markets are quite smart in the long run.
Editor's
Note: Gary Kaltbaum is the author of The Investors Edge and long-time
contributor to TradingMarkets.com.’
S&P
slashes Greece to lowest, says default likely (Reuters)
THE SPECTER OF DECLINE HANGING OVER THE MARKET http://www.minyanville.com/businessmarkets/articles/market-market-news-double-dip-recession/6/6/2011/id/34961 Jeffrey
Cooper Jun 06, 2011
This level was the initial low following the February peak as well as the low
in April prior to the advance to the May 2 1371, high for the move to date.
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/INDEX_$SPX_D%20--%20S&P%20500%20INDEX%20%7BDelay20%7D.gif
… The other specter that overhangs the market is as to whether, cyclically,
this is 1937 or 1911 or 1940. June 1 was a Solar Eclipse which tied to the
Hook, Line & Sinker Sell pattern in the market. The eclipse cycle or Saros
cycle is approximately 19 years. Two cycles back is roughly 40 years. In 1971,
the cost
of the Vietnam War when Nixon was facing reelection forced him to abandon the
gold standard. Now we also have a president facing a reelection with and
involvement in wars which continue to drain our resources, and fears about the
rise of inflation. It’s been 40 years (40 days and 40 nights) with the world
reserve currency wandering in the desert.
In 1970 (2010), there was a big April top followed by a summer low. In 1971
(2011), there was a big top at the end of April/beginning of May that led to an
initial decline into August. In tomorrow’s report, we will take a look at how
that decline in 1971 played out.
The 100-year cycle is interesting as the Financial
Panic of 1907 is a good fit with the 2007/2008 Panic. Note the big low in late
February 1909 which is a good fit with the March 2009 low. In 1911 there was a
peak in February and a pivot on May 1 with a high and waterfall decline
starting from June.
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ%201909%20final%206-5-11.gif
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ%201910%20final%206-5-11.gif
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJIA%201911%20final%206-5-11.gif
Is this more like where the market was in 1937 following the “recover” after
the 1932 low? Or, was 1937 a fractal of 2007/2008? After the big low in 1932,
the market rallied up for 5 years which mirrors the crash into 2002 followed by
a 5 year run into the 2007 top.
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ-1937-1942%20final%206-5-11.gif
From the October 11, 2007 S&P top to June 1/2, 2011 pivot high gives 1330
days (basically the 100% advance level off the low), the price
level where the recent failure occurred. In comparison, 1330 calendar days from
the March 1937 highs gives November 1940 (point A on the chart) which was prior
to a new leg down. Note the pattern of the low in late 1937/early 1938 closely
resembles the pattern of the low from November 2008/March 2009.
Finally, checking the 30-year cycle from 1891 we see that there was a final top
in late April 1981 after a wide and loose topping process. This fits in with
the closely weekly high this April following wide swings up down.
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/INDEX_$INDU_D%20--%20DOW%20JONES%20INDUSTRIAL%20AVERAGE.gif
Importantly, there was a false breakout in 1980 followed by a false breakdown
--all part of a broadening or Megaphone Top. What’s interesting is that there
was a Megaphone Top within a Megaphone top which made it difficult for traders
at the time. And still, after the second Megaphone Top played out there was yet
one more false new high (point C) for good measure. Is it possible that after a
stunning 100% persistent advance on the heels of a crisis that the market will
thwart bulls and bears alike and mirror the 10% juggernaut trading range traced
out in 1980/1981.
What is interesting is that the price low on the Dow Jones Industrial Average
occurred in 1981 followed by a somewhat higher low 2 years later in the summer
of 1982. Will the 2009 lows or the 2010 lows be tested in late 2011 to 2012?
Conclusion: The payroll figures were dismal on Friday giving rise to fears of a
double dip recession with no money left to fight it off and little political or
popular appetite to do so. The market is no longer shrugging off bad news. This
is a conspicuous change in character which means defense should be on the
field. The specter of a decline hangs over the market and no one knows which
cycle will dominate or whether we are in a bullish correction or on the way
down to test the 2011 lows, the 2010 lows or even the 2009 lows, but I don’t
think the next recession (when it comes) will be a recession [ meaning depression
… and, since we’re already there, the depression continues here, here ].’
Exclusive: The
Fed’s $600 Billion Stealth Bailout Of Foreign Banks Continues At The Expense Of
The Domestic Economy, Or Explaining Where All The QE2 Money Went Courtesy
of the recently declassified Fed discount window documents, we now know that
the biggest beneficiaries of the Fed’s generosity during the peak of the credit
crisis were foreign banks, among which Belgium’s Dexia was the most troubled,
and thus most lent to, bank.
More
Temporary Solutions To Long Term Economic Problems The lifeblood is being
sucked out of America by free trade, globalization, offshoring and outsourcing.
Over the past 11 years manufacturing jobs have fallen by 11.7 million and
440,000 businesses have been lost.
Paul
tells Manchester crowd inflation will hit 50 percent Texas congressman Ron
Paul on Friday predicted that inflation will hit 50 percent in the next couple
of years, thanks to the massive debt the country has accumulated.
Silvio
Berlusconi's Record: The Man Who Screwed An Entire Country economist.com
Worst
Market In Nine Years Spells Worsening Woes at Forbes Robert Lenzner StreetTalk ‘We broke through 12,000 on the Dow
today in the climax to the worst week in 9 years. It was also the
6th straight week of stock declines– widely understood to be a sign of
what’s to come in the economy. Even Apple, the darling of the tech world, sold
off every day this week– even in the face of Steve Jobs introduction of the
“cloud” storage of all our social media and entertainment software.
All this
hasn’t punctured the wishful thinking at the Fed and on Wall Street,
where corporate profits are expected to prove stock prices are too cheap.
Here’s the list of the wishful thinking items I heard or read
today;
*There won’t
be a default on US debt– or even a reduced credit rating. I have to admit
a gnawing anxiety about resolving budget cuts sufficient to raise the
debt limit by trillions. Yes, trillions. Could there really be a
political stalemate and flirtation with a crisis over our finances? I’m
beginning to think the worst of all possible worlds. China and Germany are
looking to reduce our credit rating. Comes the revolution, an overthrow of
American financial superiority.
*Oil prices
will decline and that development will allow consumers to spend
money and stimulate the economy. Maybe they will– and maybe they won’t. Rules
should installed to limit speculation in energy futures by institutional
investors.
*We are close
to a bottom in housing. My answer; we’ve been told we were close to
a bottom for many months now– and it’s an absurd notion. Yale’s Schiller is
suggesting the loss in housing values could be another 10-20%. Goldman Sachs
called this horror story over a year ago.
* If the economy
doesn’t pick up, Fed Chief Bernanke will declare QE3. Except that QE2 failed to
create jobs or economic activity. It only served to help speculators in gold,
silver and oil. There will be an outcry if QE3 is declared as it only helps the
gold lovers– and they are already filthy rich.
* The bank
stocks are selling below book value; their balance sheets are clean. It’s an
enormous buying opportunity. Then, why was there talk about busting up Morgan
Stanley today. Liquidating a major investment bank? Now, that’s a
devilish sign of serious trouble on the horizon.
*Here’s the
most unhealthy element that’s operative; corporate profits and executive
compensation have been strong– while wages for ordinary Americans are lower.
“What is to be done?” asked Lenin in 1917. Neither the White House nor
Wall Street know what to do to turn this decline around.
We are all
being challenged by a deterioration that seems to have no obvious public policy
solution. Pain is coming.’
States
Use Sweepstakes to Boost 529 Plans Recession-battered 529 college-savings plans are
trying to lure investors with the chance to win thousands. [ This is more
preposterous than it seems at first blush. ]
The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed… an
especially great opportunity to sell / take profits while you still can since
there's much worse to come! Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘
‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Davis ‘This is how we pay off
our current debts and I think bondholders are simply happy to get anything out
of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes
closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The
funniest thing about this (and you have to laugh) is to see Conservative
pundits get on TV and talk about how we need to cut $100Bn worth of
discretionary spending to "fix" this (while continuing to spend $1Tn
on the military and $1Tn on tax cuts for the top 1% each year). There is no
fixing this and even a Republican said you can’t fool all of the people all of
the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates
this low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and
Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money--America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding / Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png Navin ‘…1) The 5-year high in the
level of insider corporate stock sales is telling. At 565 sells for every 1
buy, it’s never been higher. Yes, it’s
normal for insiders to be selling some of their stocks so they can buy new
yachts and some of this is pre-planned. But that ratio — which has spiked
recently — is extraordinarily high, one might even say off-the-chart.
Forecast
predicts biggest Gulf dead zone ever (AP)
Gold
May Advance on Inflation Concern, Sovereign-Debt Crisis in Europe Bloomberg
| Gold may gain for the first time in three days.
‘Bumbling’
Economy Result of ‘Meddling’ From Leaders: Ross CNBC | The
US economy is just “bumbling along” and creating an uncertainty.
Where
Is The Recovery? I Cannot Seem To Find It Tony Pallotta |
If the US government reduced spending by 40% today, right this second we still
could not put a dent in a $12 trillion national debt.
Is
Gold in Fort Knox Real? Ron Paul Wants to Know Are the gold bars in Fort Knox
really made of the precious metal? Or has the U.S. government secretly sold off
the nation’s stockpile and replaced it with metal bars that are only painted
gold?
Greek
Parliament Preparing Evacuation Tunnel Ahead Of Wednesday Vote On IMF Bailout,
General Strike And Parliamentary Blockade June 15, the day of a general
strike in Greece, is also the day when the critical “mid-term agreement”
between the insolvent country and the Troica will be voted on by the general
assembly.
Euro
Finance Chiefs Race to Avert Greek Default European finance chiefs begin
the final stage of hammering out a Greek rescue to prevent the euro area’s
first sovereign default after the country was slapped with the world’s lowest
credit rating by Standard & Poor’s.
As
Greece Prepares To Auction Off The Acropolis, Austria Is Selling Its Mountains Have
€121,000 lying around? Enjoy hiking in smallish central European countries with
picturesque villages? Then this deal is for you.
Good
for the jobs council, good for America? Five of the biggest companies on
Obama’s jobs council, General Electric, Citigroup, Intel, Procter & Gamble
and DuPont, rely on foreign revenues for a majority of their sales — a shift
that’s occurred just in the past several years for most of these firms.
(Washington Post) [ They’re all full of s***! You might recall then att’s
chairman armstrong’s praise for his company’s clinton / china waiver. Yet, we
all know how they mocked Ross Perot whose warnings went unheeded. In pervasively
corrupt, defacto bankrupt, war criminal nation america, inherent criminality
means blatant, over-the-top greed / self-interest invariably prevails. And, as
we saw and continue to see on fraudulent wall street, crime in america does
pay, and pays well. ’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings,
Volkman Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all
the nations of the world combined... fed employees / contractors, cia, all 3
branches of u.s. gov’t, etc., are included in this evolved american trait of
inherent criminality
CRIME
STATISTICS >(america is No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
S&P
downgrades GreeceIt now has the world’s lowest debt grade, and S&P said
a restructuring looks “increasingly likely.” (Washington Post) [ As dire as the
Greek predicament is, some very distinguished experts say: Drudgereport: USA in
Even 'Worse Shape Financially Than Greece'... CHINA:
USA 'ALREADY DEFAULTING'...
TEMPLETON
chairman: Financial Crisis 'Around Corner'...
'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
Greek
rating now worst in the world...
CCC...
Likely
Default...
Ill.
so broke considers ads on license plates...
Eurozone
'heads for break up'...
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed… an
especially great opportunity to sell / take profits while you still can since
there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png Navin ‘…1) The 5-year high in the
level of insider corporate stock sales is telling. At 565 sells for every 1
buy, it’s never been higher. Yes, it’s
normal for insiders to be selling some of their stocks so they can buy new
yachts and some of this is pre-planned. But that ratio — which has spiked
recently — is extraordinarily high, one might even say off-the-chart.
National / World
Hunt for Man Who Violated Parole, Fired at Police Turns into
Domestic Terror Propaganda Kurt Nimmo | Government
says former militia leader is a domestic terrorist on the loose.
Forget China, Americans Have Had All Their Communications
Bugged For 20 Years Paul Joseph Watson | Echelon
program has tracked “every international telephone call, fax, e-mail, or radio
transmission” since early 90′s.
New 9/11 Poll: Half Of New Yorkers Support New
Investigation Into WTC7 Collapse Steve Watson |
More than one in four believe Twin Towers were brought down with explosives.
Ron Paul at GOP Debate: Defender of the Constitution Kurt
Nimmo | Corporate media glosses over Paul’s performance, gushes over
Michelle Bachmann.
CIA Expands Drone Strikes to Yemen Kurt
Nimmo | Obama signs off on another illegal and unconstitutional
intervention without consulting Congress.
Bilderberg Plan to Save EU Falling Apart Paul
Joseph Watson | Activist spotlight on globalist agenda has elite
running scared.
Deadly Fluoride: Hoax on the Run Infowars.com
| Alex Jones interviews Dr. Connett of the Executive Director of the Fluoride
Action Network.
Auditors Says $6.6 Billion Missing from Pentagon Probably
Stolen LA Times | Pentagon officials determined
that one giant C-130 Hercules cargo plane could carry $2.4 billion in
shrink-wrapped bricks of $100 bills.
No to nuclear and
no to Berlusconi BBC | In the past two days the people of
Italy have been given their say.
Hezbollah
Rise In Lebanon Gives Syria, Iran Sway NPR | Hezbollah and
its allies rose to a position of unprecedented dominance in Lebanon’s
government on Monday.
Obama: My
family is ‘fine’ with one term Politico | President Barack
Obama says his family is “not invested” in a second term.
Weiner
won’t go; new photos surface on Internet AP | The
second-ranking House Democrat on Sunday joined the party leadership in urging
Rep. Anthony Weiner to quit
Two U.S. soldiers
killed in Iraq Washington Post | Two more U.S. soldiers
have been killed in Iraq.
90%
of Petraeus’ Captured ‘Taliban’ Were Civilians Gareth Porter
| More than 80 percent of those called captured Taliban fighters were released
within days of having been picked up, because they were found to have been
innocent civilians.
‘NATO
bombs civilians!’ – Cynthia McKinney from Tripoli with truth Former US
congresswoman and presidential candidate Cynthia McKinney told RT she went to
Libya because she wanted to know the truth.
Boehner
warns Obama that Libya will violate war powers House Speaker John Boehner,
R-Ohio, sent President Obama a letter Tuesday afternoon warning him that the
operation in Libya will be violating the War Powers Resolution by this Sunday,
which marks the 90th day of U.S. military involvement in the country.
Stephen
Baldwin May Run Against Alec Baldwin for NYC Mayor Alex Jones was the
keynote speaker at this year’s Talkers New Media Conference held in New York
City. Alex gave an inspiring speech to a packed house. After his speech, he ran
into Stephen Baldwin a radio talk-show host and the youngest of the four acting
Baldwins.
Forget
China, Americans Have Had All Their Communications Bugged For 20 Years Outrage
over the revelation that Chinese authorities have been installing spying
devices on all dual-plate Chinese-Hong Kong vehicles is nothing compared to the
fact that Americans and European have had all their communications tracked for
at least two decades.
New
9/11 Poll: Half Of New Yorkers Support New Investigation Into WTC7 Collapse A
new scientific poll reveals that almost half of all New Yorkers would support a
new investigation into the collapse of World Trade Center building 7, which
fell at free fall speed into its own footprint on the afternoon of September
11, 2001, after suffering only relatively minor fire damage.
CIA Expands Drone
Strikes to Yemen The CIA is expected to begin operating armed drone
aircraft over Yemen, expanding the hunt for al-Qaeda operatives in a country
where counter-terrorism efforts have been disrupted by political chaos, U.S.
officials said.
Missing
Iraq money may have been stolen, auditors say U.S. Defense officials still
cannot say what happened to $6.6 billion, sent by the planeload in cash and
intended for Iraq’s reconstruction after the start of the war.
Paul:
GOP rivals bigger challenge than Obama It might be harder for Ron Paul to
beat his fellow Republicans for the opportunity to face Barack Obama than to
defeat the president himself, the Texas Republican said Monday.
Bilderberg
Plan to Save Eurozone in Tatters The Bilderberg Group’s plan to rescue the
eurozone and preserve future plans for a global currency is in tatters, as the
Greek debt crisis spirals out of control and the return of national currencies
to replace the euro becomes a real possibility.
Obama
Thinks it’s Hilarious That His Trillion Dollar Stimulus Did Nothing to Fix
Unemployment Watch President Obama enjoy a laugh over the failure of his
“shovel-ready” jobs program.
NBA
Finals 2011: Dallas Mavericks defeat Miami Heat; Dirk Nowitzki gets Finals MVP
(Washington Post) [ Who woulda’ thunk it? I ordinarily don’t comment on sports;
and, truth be told, I really don’t follow basketball except for the
championships (this was a great one) and news highlights (though I like the
game and played often prior to high school / college wrestling http://albertpeia.com/alresume.htm#ATHLETICS ). Yet, one can hardly not give it up for
the spirited Dallas Mavericks. On paper, they were given no chance; but, the
only ones who hadn’t heard those negative prognostications were the plucky
Dallas team across the board. Even the ‘little’ guys ( Barrea, Kidd ) came up
very big when it counted and when it could have gone the other way. All heart,
they deserved the great victory. We all should have known when they blew out
the lakers that they were no fluke and of their triumph to come.
Congratulations to the NBA Champion Dallas Mavericks!
Obama
says if he were Weiner, he’d resign
President Obama on Monday waded into the debate over whether embattled
Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to
be with your Presidential camp, who is alleged to claim that someone claiming
to represent me called asking for $100,000, to keep me from coming forward
about our (Obama and I) November 1999 encounter of sex and cocaine use?), ...
Obama is just another Banksters' moll prostituting himself .., and that's why
he supported the grotesque bail-out of the banking system and why he will
always put their interests before the people. http://albertpeia.com/obamadeceptionhighqualityversion.flv .(Washington
Post) [ Drudgereport: SEXTING WEINER OFF TO REHAB
NEW
PHOTOS: Weiner Used Congressional Gym As 'Sexy' Backdrop...
Entering
'psychological treatment center'...
PELOSI:
OUT... DNC
BOSS: RESIGN...
Boehner
gets laughs with quip...
PELOSI:
You gotta' go...
DNC BOSS: RESIGN...
Chorus
to quit grows...
WEINER
WON'T GO
Weiner
admits, says they were harmless...
THE NEW TACK: Dem rep sick, needs treatment to 'make himself
well'...
New
X-rated Weiner photo hits web...
Weiner:
That's my weiner, too...
Another
Weiner Sexter Emerges...
POLITICO
on Weiner: 'Dam is breaking'...
DEMS
BAILING...
Old
Flame Calls on Him to Quit... ‘…he transcript of a nine-month "sexting"
relationship Weiner had with a Las
Vegas blackjack dealer. Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his other views of women, he tells her, “I hear
liberal girls are very, uh, accommodating of other[s],” playing on a bogus
stereotype that politically liberal women are promiscuous. When he asks the
woman, who is Jewish, “You give good h**d?” and she says yes, he exclaims: “Wow
a Jewish girl who sucks c***! this thing is ready to do damage.” ‘[ What a total mental case! ]
REPORT:
Weiner coached woman to lie...
'Used govt. resources'...
TWITTER TEARS: WEINER ADMITS
REPORT:
Woman claims to have 200 explicit messages from NY Dem...
IT
MIGHT BE MY WEINER!
Cohen:
Fed up with favoritism toward israel (Washington Post) [ As indeed all people worldwide should be.
After all, such costly (direct and indirect) favoritism is contraindicated in
every way, particularly for defacto bankrupt america. This fact certainly
wasn’t lost on James Forrestal whose prognostication / admonition has proven all
too true. Krauthammer:
What Obama did to Israel (WP) [ The fundamental problem with Mr.
Krauthammer’s non-sequitor illogic is the manner in which war crimes nation
israel came by those land (war) and the numerous violations of u.n. resolutions
(ie., 242, 338, etc., and oslo accords, etc.), international, war crimes
(flotilla raid, etc.) since then. He thus becomes the journalistic equivalent of
what Pat Buchanan refers to as the ‘israeli amen corner’ in congress. If only
one could realistically ignore the detriment the world and america have
suffered as a direct consequence of this foreign policy bent … Top
Democrats criticize Obama’s Israel policy
(WP) [ What policy … to him, just words … more b***s*** . I’ve thus far
refrained from commenting on what I’ve anticipated to be ‘just more of the
same’; empty rhetoric. Pervasively corrupt, defacto bankrupt america makes the
wrong choice at every turn, ensuring in every way, decline and fall;
self-destructive, self-defeating. Make no mistake, and let me reiterate, that
substantially underrated President General Eisenhower would have put American
interests first and the current debacle would never have occurred in the first
instance … see, ie., http://albertpeia.com
, historical documentation, from website: http://www.ameu.org ‘Lest We Forget The Israeli lobby in
Washington has successfully influenced the U.S. Congress to give billions of
non-repayable dollars each year to Israel on the premise that Israel's loyalty
and strategic importance to the United States make it an ally worthy of such
unprecedented consideration. Is it ? In his Farewell Address, George Washington
warned Americans to avoid a passionate attachment to any one nation because it
promotes "the illusion of an imaginary common interest in cases where no
real common interest exists." 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. Israeli actions over the past 53 years involving U.S. interests
in the Middle East seriously challenge the "strategic asset" premise
of the Israeli lobby. Some of these actions are compiled in the list that
follows: ’ ] Netanyahu
lays out vision for Mideast peace (WP) [ Vision? Don’t make
me laugh! The guy’s blind; and a ward and provocateur at america’s substantial
cost and detriment. ]
THE SPECTER OF DECLINE HANGING OVER THE
MARKET http://www.minyanville.com/businessmarkets/articles/market-market-news-double-dip-recession/6/6/2011/id/34961 Jeffrey Cooper Jun 06, 2011 ‘The specter of
a decline hangs over the market; no one knows which cycle will dominate or
whether we are in a bullish correction or on the way down to test lows.
These are the days it never rains but it pours...
--"Under Pressure"
(Queen, David Bowie)
With last week's close below the mid-point of the year’s range (1310), the
specter of decline hangs over the market.
Markets seek equilibrium. Yet, despite the close below the 1310
"fulcrum," the Maginot line looks to be 1290/1294.
This level was the initial low following the February peak as well as the low
in April prior to the advance to the May 2 1371, high for the move to date.
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/INDEX_$SPX_D%20--%20S&P%20500%20INDEX%20%7BDelay20%7D.gif
The S&P peeked under 1300 to 1297 on Friday twice but scratched and clawed
to hold it, barely, by the bell. It looks like the powers that be were waiting
to support the market just under 1300 in order to prevent a panic around the
world this morning.
It may prove to be relevant, at least in the short term, that 1297 is a corner
number on the Square of 9 Chart that ties to the first week of May.
Click
here for Square of 9. http://image.minyanville.com/assets/FCK_Jan2011/File/wheel662b.JPG
In other words, if there is no bad news out of Europe, the market may open up
and squeeze higher. While the pattern is bearish, in a short-term downtrend
they are oversold enough to elicit a rally. That being said, I would wait for
an edge such as an ORB (Opening Range Breakout) as a sign that they can rally as
it is dangerous here. No change in the downtrend would be in place unless the
S&P recaptured a Bowtie of its 20/50 day moving averages.
While any further downside follow through below 1290 could cause hedge funds
to panic prior to quarter end and send the S&P into a tailspin to a test of
the March lows near 1250 which coincides with the 200 dma, I can’t help but
remember that after the plug was pulled in March there was a 4- to 5-day spike
to 1250 which carved out a bottom that saved the quarter. I can’t help but
remember just recently, the big month-end window dressing on the last few
trading days of May that drove the indices back toward the highs.
Interestingly,
the stab down on March 10 followed what looked like a reversal of sorts on
March 11 (which proved to be a false bottoming tail) which led to a flush out
on March 15 and March 16 which mirrors the pattern of the last three trading
days. So the next two sessions should be interesting indeed. With the S&P
perched on the 1300 fence, will it claw through support driving the S&P to
a test of 1250?
On the Square of 9 Chart, 1253 is opposite the date of February 18. The
big-picture question is, if the market declines to a test of the March 2011
low, whether this is a fractal of the double bottoms from March and August
double bottoms which elicited the last ditch rally an October high that year.
The question is if the 4-year cycle is playing out for a top, have we already
seen the July/October pattern in February/May? These were Initial Tops followed
by another final top another 90 degrees in time later marked by deep
interceding declines. Alternatively, is it possible that the correction we are
in now is the deep decline with yet another high on following quarter-end near
the 4-year anniversary of the July ’07 peak?
See
Square of 9 here. http://image.minyanville.com/assets/FCK_Jan2011/File/wheel661.JPG
The other specter that overhangs the market is as to whether, cyclically, this
is 1937 or 1911 or 1940. June 1 was a Solar Eclipse which tied to the Hook,
Line & Sinker Sell pattern in the market. The eclipse cycle or Saros cycle
is approximately 19 years. Two cycles back is roughly 40 years. In 1971, the cost
of the Vietnam War when Nixon was facing reelection forced him to abandon the
gold standard. Now we also have a president facing a reelection with and
involvement in wars which continue to drain our resources, and fears about the
rise of inflation. It’s been 40 years (40 days and 40 nights) with the world
reserve currency wandering in the desert.
In 1970 (2010), there was a big April top followed by a summer low. In 1971
(2011), there was a big top at the end of April/beginning of May that led to an
initial decline into August. In tomorrow’s report, we will take a look at how
that decline in 1971 played out.
The 100-year cycle is interesting as the Financial
Panic of 1907 is a good fit with the 2007/2008 Panic. Note the big low in late
February 1909 which is a good fit with the March 2009 low. In 1911 there was a
peak in February and a pivot on May 1 with a high and waterfall decline
starting from June.
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ%201909%20final%206-5-11.gif
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ%201910%20final%206-5-11.gif
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJIA%201911%20final%206-5-11.gif
Is this more like where the market was in 1937 following the “recover” after
the 1932 low? Or, was 1937 a fractal of 2007/2008? After the big low in 1932,
the market rallied up for 5 years which mirrors the crash into 2002 followed by
a 5 year run into the 2007 top.
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ-1937-1942%20final%206-5-11.gif
From the October 11, 2007 S&P top to June 1/2, 2011 pivot high gives 1330
days (basically the 100% advance level off the low), the price
level where the recent failure occurred. In comparison, 1330 calendar days from
the March 1937 highs gives November 1940 (point A on the chart) which was prior
to a new leg down. Note the pattern of the low in late 1937/early 1938 closely
resembles the pattern of the low from November 2008/March 2009.
Finally, checking the 30-year cycle from 1891 we see that there was a final top
in late April 1981 after a wide and loose topping process. This fits in with
the closely weekly high this April following wide swings up down.
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/INDEX_$INDU_D%20--%20DOW%20JONES%20INDUSTRIAL%20AVERAGE.gif
Importantly, there was a false breakout in 1980 followed by a false breakdown
--all part of a broadening or Megaphone Top. What’s interesting is that there
was a Megaphone Top within a Megaphone top which made it difficult for traders
at the time. And still, after the second Megaphone Top played out there was yet
one more false new high (point C) for good measure. Is it possible that after a
stunning 100% persistent advance on the heels of a crisis that the market will
thwart bulls and bears alike and mirror the 10% juggernaut trading range traced
out in 1980/1981.
What is interesting is that the price low on the Dow Jones Industrial Average
occurred in 1981 followed by a somewhat higher low 2 years later in the summer
of 1982. Will the 2009 lows or the 2010 lows be tested in late 2011 to 2012?
Conclusion: The payroll figures were dismal on Friday giving rise to fears of a
double dip recession with no money left to fight it off and little political or
popular appetite to do so. The market is no longer shrugging off bad news. This
is a conspicuous change in character which means defense should be on the
field. The specter of a decline hangs over the market and no one knows which
cycle will dominate or whether we are in a bullish correction or on the way
down to test the 2011 lows, the 2010 lows or even the 2009 lows, but I don’t
think the next recession (when it comes) will be a recession [ meaning
depression … and, since we’re already there, the depression continues here,
here ].’
Exclusive: The
Fed’s $600 Billion Stealth Bailout Of Foreign Banks Continues At The Expense Of
The Domestic Economy, Or Explaining Where All The QE2 Money Went Courtesy
of the recently declassified Fed discount window documents, we now know that
the biggest beneficiaries of the Fed’s generosity during the peak of the credit
crisis were foreign banks, among which Belgium’s Dexia was the most troubled,
and thus most lent to, bank.
More
Temporary Solutions To Long Term Economic Problems The lifeblood is being
sucked out of America by free trade, globalization, offshoring and outsourcing.
Over the past 11 years manufacturing jobs have fallen by 11.7 million and
440,000 businesses have been lost.
Paul
tells Manchester crowd inflation will hit 50 percent Texas congressman Ron
Paul on Friday predicted that inflation will hit 50 percent in the next couple
of years, thanks to the massive debt the country has accumulated.
Roubini
Says a ‘Perfect Storm’ May Converge on the Global Economy in 2013 A
“perfect storm” of fiscal woe in the U.S., a slowdown in China, European debt
restructuring and stagnation in Japan may converge on the global economy, New
York University professor Nouriel Roubini said.
Stocks’
plunge hits six weeks The Wall
Street slump reflects a sentiment among investors that the economic recovery is
going awry. (Washington Post) [ There never was a real recovery in economic
terms, particularly relative to costs; except, for the frauds on wall street
for whom all taxpayer largesse, ie., QE1 & 2, etc., was engineered. You
know … that wealth effect … for the frauds on wall street who did get wealthier
at everyone else’s expense. The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed… an especially great opportunity to sell
/ take profits while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Minyanville's
T3 Daily Recap: Bearish Close Foreshadows Deeper Correction at
Minyanville U.S.
trade deficit shrinks A weak dollar drove up exports of goods and services
to record levels. Jobless
claims rise Companies are cutting staff as demand slows because of tight
credit and elevated energy prices. (Washington Post) [ Jobless claims worse
than expected and the glaring absence of the ‘800 pound gorilla’; viz., the
Japanese auto sector giving an artificial boost to the u.s. auto ‘balance’ is
somewhat homologous, not analogous, to a footnote on an income statement for
extraordinary (ie., one time, etc.) items and structurally, nothing has
changed. Kill-Joy
Alert: Economic Data Not as Good As It Seems, Say Analystsat Forbes
6-9-11 Heather Struck ‘If analysts these days are seeming like “the
glass is half empty” kind of guys, it may be for days like today, when this
morning’s seemingly upbeat economic data are already being met with
unenthusiastic grumbling. A smaller trade gap may be indicative of deeper
problems, analysts are saying, as global events have already seemed to tie into
the U.S.’s tenuous economic recovery.
Osborne
To Address Financial Elite Fresh From Bilderberg Weekend Chancellor George
Osborne will use a major speech on Wednesday to announce plans to auction off
state-owned bank Northern Rock, the Sunday Times newspaper reported.
US corporate
model causing depression A recent poll revealed that almost half of the US
thinks another great depression is on the horizon. Why are Americans expecting
another economic disaster? Political columnist Harold Meyerson gives his take
on how to keep America afloat.
The Giant Banks
Are ALREADY State-Sponsored … So Why Not Create Public Banks to at Least Share
the Gains, Help Out Main Street, and Grow Our Local Economies? Economist
Steve Keen writes today: “Neoclassical economists do not understand how money
is created by the private banking system—despite decades of empirical research
to the contrary, they continue to cling to the textbook vision of banks as mere
intermediaries between savers and borrowers.”
Where are
the guillotines in Washington? The Obama administration is following the
Bush and Clinton administrations by advancing the destruction of America’s
legal and political system, spreading the criminal war on terror, and helping
private banksters rob the American people.
Anonymous: Bernanke Is
Next The most well-known hacker group, Anonymous, uploaded a video message
to youtube yesterday calling for Fed Reserve Chairman Ben Bernanke to resign,
among other things.
Steven
Pearlstein Managing and
even measuring a recession becomes tricky in new, global environment. (Washington Post) [ That depends on who’s
doing the measuring. Certainly if it’s ‘no-recession-helicopter-ben b.s.
bernanke’, we now all know the great recession that bernanke said would not
occur, did; and, the QE bernanke said would work, didn’t. The bottom line is
that ‘they’, individually and collectively haven’t the slightest idea what
they’re doing, nor the slightest clue what to do. The coverup invariably
militates against the measuring. Bernanke:
Economy slowing but faster growth ahead- AP [ Well, there you go …
the new maestro, ‘no-recession-helicopter-ben b.s. bernanke’, has covered
all his bases; yes, the economy’s slowing but as well, faster growth ahead.
Nothing to worry about now in this ‘non-zero sum game’; after all, either / or
he’s gotta’ be right … wrong! The
GOP’s deficit demands Sen. Jon Kyl
offers the most specific outline yet of Republicans’ conditions in the
debt-ceiling talks. (Washington Post) [Moody’s:
U.S. credit rating at risk Agency
warns of a possible credit rating downgrade if a debt-ceiling deal cannot be
reached. (Washington Post) [ I’d say, as is true of their performance in the
last phase of this ongoing crisis, they are so typically late to the party.
After all, pervasively corrupt america is already defacto bankrupt. House
rejects debt ceiling increase The
317-to-98 vote was a bipartisan rejection of extending the nation’s current
debt limit of $14.3 trillion unless major spending reductions accompany the
legislation. (Washington Post) [ Well, perish the thought that increases in
liabilities should be commensurate with decreases in liabilities to maintain a
… balance … sheet? At this point, who’s counting? After all, are there really
degrees of defacto bankruptcy? Or, an either / or absolute state; viz., you are
or you’re not defacto bankrupt. Pervasively corrupt, defacto bankrupt america
is in fact defacto bankrupt!
National / World
90%
of Petraeus’ Captured ‘Taliban’ Were Civilians Gareth Porter
| More than 80 percent of those called captured Taliban fighters were released
within days of having been picked up, because they were found to have been
innocent civilians.
Globalist
Org Reports 15,000 Dead in Libya Kurt Nimmo | The
corporate media usually dismisses Libyan claims that the NATO terror campaign
is killing innocent civilians.
Just
26% Favor Continued Military Action in Libya A plurality of voters now
opposes further U.S. military action in Libya, and most say President Obama
needs congressional approval to continue those operations.
Ordinance
Would Force Property Owners to Surrender Keys to Government In Cedar Falls,
Iowa, the government is attempting to nullify the Fourth Amendment. The City
Council is scheduled to vote on the third and final reading of an ordinance
adopting a 2009 International Fire Code that specifies the fire chief can
require lock boxes for emergency access to keys to buildings.
Obama Seeks to
Win Back Wall St. Cash A few weeks before announcing his re-election
campaign, President Obama convened two dozen Wall Street executives, many of
them longtime donors, in the White House’s Blue Room.
Weiner
to seek help during leave Top Democratic leaders call on N.Y. congressman,
who said he is taking a “leave of absence,” to step down. (Washington Post) [
Sounds like a plan! Drudgereport: SEXTING WEINER OFF TO REHAB
PELOSI: You gotta' go...
DNC BOSS: RESIGN...
Chorus to quit grows...
Cops probe texts to teen girl...
MSG: 'Large. Tights and cape'...
Weiner admits, says they were harmless...
THE NEW TACK: Dem rep sick, needs
treatment to 'make himself well'...
Old Flame Calls on Him to Quit...
‘…he transcript of a
nine-month "sexting" relationship Weiner had with a Las
Vegas blackjack dealer. Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his
other views of women, he tells her, “I hear liberal girls are very, uh,
accommodating of other[s],” playing on a bogus stereotype that politically
liberal women are promiscuous. When he asks the woman, who is Jewish, “You give
good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***!
this thing is ready to do damage.” ‘[
What a total mental case! ]
Even Mr. Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings, Volkman Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Syria on
the Boil, US Warship in Black Sea Seldom it is that the Russian Foreign Ministry
chooses a Sunday to issue a formal statement. Evidently, something of extreme
gravity arose for Moscow to speak out urgently. The provocation was the
appearance of a United States guided missile cruiser in the Black Sea for naval
exercises with Ukraine.
Lawmakers
push for a new Afghan strategy
Congressional leaders are urging President Obama to take full advantage
of progress achieved by narrowing the focus of the Afghan mission. (Washington Post) [ It seems they’ve taken
Robert Browning to heart; viz., that ‘a man's reach should exceed
his grasp’ (from a poem by Robert Browning). Indeed,
they search for that ever elusive thing called ‘strategy’ vis-à-vis the
so-called ‘Afghan mission’ for the umpteenth time. For them, this is but a
‘mission impossible’ as a strategy implies method to this reality of their madness.
The heroin trade which they’ve ramped up (the Taliban had all but eradicated
same) and commandeered as their own has been reason enough; yet, fog of war
creates many opportunities for the american criminals despite the defacto
bankruptcy of the nation. So, for the war criminal americans, reality certainly
falls within the ambit of beyond their grasp. Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all
the nations of the world combined... fed employees / contractors, cia, all 3
branches of u.s. gov’t, etc., are included in this evolved american trait of
inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No.1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black defendants
and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Where are
the guillotines in Washington? The Obama administration is following the
Bush and Clinton administrations by advancing the destruction of America’s
legal and political system, spreading the criminal war on terror, and helping
private banksters rob the American people.
Anonymous: Bernanke Is
Next The most well-known hacker group, Anonymous, uploaded a video message
to youtube yesterday calling for Fed Reserve Chairman Ben Bernanke to resign,
among other things.
‘Toxic
water overflow looms at Fukushima, leaks threaten clean-up’ James Corbett,
Osaka-based editor of the independent news website, says workers at the
Fukushima nuclear plant are running out of the ability to store radioactive
water – meaning any leak may slow the recovery effort, or even undermine it.
US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Student Loans and DOE S.W.A.T. Teams Wendy
McElroy | None of us will know the true collective power of the
federal government until it is breaking through our own doors.
Bilderberg Elite Just Want to Help Kurt
Nimmo | Nothing to see here. Please move along.
Prominent Bilderberg Insider Injected Into IMF Race At
Last Minute Steve Watson | Will kingmaker power
group work its dark magic once more?
NATO Reportedly Bombs Libyan University Kurt
Nimmo | Corporate media continues to insist NATO bombs only kill
officially declared bad guys.
Defense
innovation for a new era A
new business model at DoD? The Defense Department needs to break its Cold War
habits and start investing in the right innovations (Washington Post) [ First
of all, defense is not business. Investing? Cold war habits? What’s Mr. Johnson
been smokin’? It’s longing for their funding during the cold war and misguided,
costly perma hot war habits that’ve been problematic. After all, the nation is
defacto bankrupt (and what about those 360 tons of $100 bills flown into Iraq
that disappeared, etc.). Debt-reduction
talks gain speed VP (Lobotomy Joe) Biden and congressional negotiators
agree to pick up the pace of debt-reduction talks in hopes of presenting the
framework of an agreement to President Obama and congressional leaders by the
end of the month (WP) [ Sounds like a plan!
Poll:
Americans torn over debt limit
POST-ABC NEWS POLL | A large majority say the economy would probably
suffer serious harm if Congress fails to raise the federal debt limit. But
barely half support doing so, even if lawmakers also slash spending. (WP) [ I
think we’re at that point alluded to by Davis; viz., Davis ‘This is
how we pay off our current debts and I think bondholders are simply happy to
get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money--America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
High-Level
American Officials Admit that the United States Uses False Flag Terror … And
Warn of Future Attacks FBI agents and CIA intelligence officials,
constitutional law expert professor Jonathan Turley, Time Magazine, Keith
Olbermann and the Washington Post have all said that U.S. government officials
“were trying to create an atmosphere of fear in which the American people would
give them more power”.
Worst
Market In Nine Years Spells Worsening Woes at Forbes Robert Lenzner StreetTalk ‘We broke through 12,000 on the Dow
today in the climax to the worst week in 9 years. It was also the
6th straight week of stock declines– widely understood to be a sign of
what’s to come in the economy. Even Apple, the darling of the tech world, sold
off every day this week– even in the face of Steve Jobs introduction of the
“cloud” storage of all our social media and entertainment software.
All this
hasn’t punctured the wishful thinking at the Fed and on Wall Street,
where corporate profits are expected to prove stock prices are too cheap.
Here’s the list of the wishful thinking items I heard or read
today;
*There won’t
be a default on US debt– or even a reduced credit rating. I have to admit
a gnawing anxiety about resolving budget cuts sufficient to raise the
debt limit by trillions. Yes, trillions. Could there really be a
political stalemate and flirtation with a crisis over our finances? I’m
beginning to think the worst of all possible worlds. China and Germany are
looking to reduce our credit rating. Comes the revolution, an overthrow of
American financial superiority.
*Oil prices
will decline and that development will allow consumers to spend
money and stimulate the economy. Maybe they will– and maybe they won’t. Rules
should installed to limit speculation in energy futures by institutional
investors.
*We are close
to a bottom in housing. My answer; we’ve been told we were close to
a bottom for many months now– and it’s an absurd notion. Yale’s Schiller is
suggesting the loss in housing values could be another 10-20%. Goldman Sachs
called this horror story over a year ago.
* If the
economy doesn’t pick up, Fed Chief Bernanke will declare QE3. Except that QE2
failed to create jobs or economic activity. It only served to help speculators
in gold, silver and oil. There will be an outcry if QE3 is declared as it only
helps the gold lovers– and they are already filthy rich.
* The bank
stocks are selling below book value; their balance sheets are clean. It’s an
enormous buying opportunity. Then, why was there talk about busting up Morgan
Stanley today. Liquidating a major investment bank? Now, that’s a
devilish sign of serious trouble on the horizon.
*Here’s the
most unhealthy element that’s operative; corporate profits and executive
compensation have been strong– while wages for ordinary Americans are lower.
“What is to be done?” asked Lenin in 1917. Neither the White House nor
Wall Street know what to do to turn this decline around.
We are all
being challenged by a deterioration that seems to have no obvious public policy
solution. Pain is coming.’
15 Reasons Markets Cracked Below Critical Trading Levels Wall St Cheat Sheet June
11, 2011, Dow 11,951
S&P500 1,270 Nasdaq 2,643 Gold 1,532 Oil 99
‘Markets were
range bound Monday through Thursday until taking a dive Friday. Oil (NYSE:USO) couldn’t stay above $100 a barrel. Gold (NYSE:GLD) and Silver (NYSE:SLV) shed a few points as the US Dollar (NYSE:UDN) had a little rally.
Fresh Off the
Press: Wall
St. Cheat Sheet’s newest Feature Trades of the Month!
Now, for the
15 reasons markets moved this week:
Monday
1) Banks
spooked a low volume market. Famed investors John
Paulson and David Tepperare offloading their holdings in financial
institutions. Bank of America (NYSE:BAC) and Citigroup (NYSE:C) are still under major scrutiny for their books.
And, Goldman Sachs (NYSE:GS) can’t shake the threat of major lawsuits. All that
was enough to put financials (NYSE:XLF) in a tailspin for the day.
2) Apple WWDC
took center stage. Tech titan Apple (NASDAQ:AAPL) announced all their big new items for the
acolytes. iCloud, iTunes Match, and the new iOS 5 were all stars of the show.
We covered the event live
in detail, then put together your
Cheat Sheet to everything you need to know about WWDC.
3) Airlines
and Autos were a major drag. The International
Air Transportation Association offered up bad news as profit outlooks
were slashed due to the disaster in Japan (NYSE:EWJ), the Grimsvotn volcano,
and rising fuel costs (NYSE:USO). On the ground, General Motors (NYSE:GM) hit fresh 52-week lows, down 1.92% to $28.56.
Tuesday
1) Bernanke
admitted the economy was slowing. Well, he admitted it then said he thinks
growth will be back soon. Don’t worry, soon. Although lustful traders were
hoping for some huge QE3 announcement, Bernanke
still gave us more QE 2.5 where the Fed will continue buying securities and
accommodating the financial markets as needed. Can someone say, ZIRP?
2) E3 took the
baton from Apple. Yesterday Apple held the tech spotlight, but today the
exciting video game sector was front and center. Microsoft (NASDAQ:MSFT), Sony (NYSE:SNE), Nintendo and all the big game makers started
pulling back the curtain on what gamers will die for during the holiday season
(Check Out: E3
Wrap Up. And the Winners are …). That’s 180 degrees away from former tech
darling Research in Motion (NASDAQ:RIMM) which
keeps crashing and burning.
3) Another
Economic Advisor gone. Austan Goolsbee will be leaving his position as chairman
of the White House’s Council of Economic Advisers. Wall St. Cheat Sheet
Assistant Editor Emily Knapp explores the deeper question, “Why
is Obama’s Economic Team Bailing Out?”
Wednesday
1) OPEC. Crude
(NYSE:USO) had been down the last few days in anticipation
of OPEC increasing the cap on production. But this morning when they decided to
maintain production restrictions at current levels, it was the only big
financial news release, so oil futures skyrocketed while everything else
remained relatively still. See
Why It’s All About That Texas Tea.
2) Tech has
been unimpressive, at best. With no really big news or cool new gadgets coming
out of Apple’s (NASDAQ:AAPL) Worldwide Developers Conference, Nokia (NYSE:NOK) continuing its downward spiral, the legality of
the AT&T’s (NYSE:T) buyout of T-Mobile still being debated, and a host
of unimpressive numbers from companies like Microsoft (NASDAQ:MSFT) and LinkedIn (NYSE:LNKD), the usually booming tech sector has been taking
a bit of a vacation this week.
3) The Beige
Book. The Federal Reserve released the Beige Book this afternoon, a snapshot of
the country’s economic condition. Unsurprisingly, we’re not doing that great.
Progress has slowed in just about every sector while many companies are facing
higher input costs, passing them on to consumers in the form of higher prices.
Nothing dampens the market like reminding people just how bad things are.
Thursday
1) Economic
Indicators. This morning data from the Federal Reserve showed the trade
deficit is narrowing. That got markets off to a good start. The
positive news was followed up by better than expected wholesale inventory
reports and significant decreases in consumer debt. Not all good news on the
macro-economic front though as initial
jobless claims were slightly worse than expected and the Fed reported a
missing $6.6
trillion dollars in consumer wealth since 2007.
2) Mining and
Agriculture led the way. In spite of reports that corn (NYSE:CORN) reserves are at the lowest levels since the
1970s, Mining and Agriculture (NYSE:RJA) stocks largely out-performed the market today. A
report from PriceWaterHouseCoopers indicating revenues in mining companies are
shooting “through
the roof” sparked the bulls in the sector, and stocks such as Deere &
Company (NYSE:DE) and Mosaic (NYSE:MOS) posted big daily returns.
3) The
Financial Sector took a breather. Bruised and battered financials (NYSE:XLF) finally took a day off from losses, with the
sector also out-performing the market on the day. Bank (NYSE:KBE) stocks were up across the board in spite of new
pending lawsuits for Morgan Stanley (NYSE:MS) and Goldman-Sachs (NYSE:GS), and a hacker-assault
on Citigroup (NYSE:C) that compromised information of over 200,000
customers. Income from banks’ debit card transaction fees is also set to take
a big hit when the Dodd-Frank reforms go into effect next month, but
analysts believe those estimates have already worked their way into pricing.
Friday
1) Oil
Production is up. Saudi Arabia curbed oil supply fears later in the day by
announcing they would step to the plate and up oil production significantly.
The drop in oil prices was somewhat extreme given yesterday’s data that for the
first time in history oil
consumption outpaced production in 2010.
2) Dollar
prices firm. The dollar (NYSE:UUP) finished the day up 1.23% versus the Euro, + .05%
versus the Yen, and +.09% against the Pound. Currency values surged on news
that QE3 probably isn’t coming anytime soon. The same news also sent investors
into a panic and prompted stock sell-offs.
3) Bad news
overseas. A number of reports of weak economic data came in today from across
the pond in England (NYSE:EWU), where UK manufacturing output was significantly
lower than expected. Worries continued to swirl amid default concerns related
to Greek Debt and ECB offered little reassurance. News from Asia was crappy too
as Chinese markets (NYSE:FXI) were growing slower than expected and a trade
surplus was below-par level expectations, Korean bank (NYSE:EWY) raised its interest rates, and industrial
production slowed in India (NYSE:IFN). The aggregate news combined to put a damper on
the market…’
Minyanville's
T3 Weekly Recap: Market Extends Weekly Losing Streak to 6 at
Minyanville
Top
3 Reasons Markets Faltered as Dow Dips Below This Psychological Level Wall
St. Cheat Sheet
Is the Stock
Market Signaling a Double-Dip? ETFguide Simon
Maierhofer, June 10, 2011, Over the past few weeks
various economic indicators have been building a coffin for the U.S. economy.
Could Friday's unemployment figures be the last nail?
Before we
entertain the much dreaded D-D word (Double Dip), let's take a look at some of
the economic numbers and see if it's really that bad.
Housing
Market
May's data for
housing was all bad. It started out with weak housing starts reported on May 17
and continued with worse than expected pending home sales (May 27) and an
S&P/Case-Shiller Home Price Index that dipped to the lowest level since
March 2003.
The
discrepancy between the performance of real estate (NYSEArca: IYR - News), REIT ETFs (NYSEArca: VNQ - News), and the actual real estate
market has long highlighted the absurd power of QE2 to lift stocks but leave
the rest of the economy in the dust.
The chart
below shows the performance of the S&P/Case-Shiller Home Price Index
(20-Composite).
http://www.etfguide.com//contributor/UserFiles/8/Image/SPCase-Shiller.gif
Unemployment
This weekend's
Wall Street Journal put a positive spin on the jobless report and simply
stated: 'Job market loses momentum.' If you really look at the numbers, you'll
see that the jobless recovery never had any momentum.
It's taken a
lot of lipstick and statistical alchemy, such as excluding workers that
have been out of a job for more than 99 weeks and simply decreasing the
workforce, to keep this 'pig' more presentable than it really is.
Consumer
Confidence
Consider this
for a moment. In May 2011, small caps (NYSEArca: IWM - News) and mid caps (NYSEArca: MDY - News) reached an all-time high. I
won't spend time pointing out how contradictory this is to the global economic
(NYSEArca: EFA - News) picture.
Despite
certain segments of the market being at all-time highs and the Dow Jones (DJI:
^DJI), S&P (SNP: ^GSPC), and Nasdaq (Nasdaq: ^IXIC) at new recovery highs,
the Consumer Board's Consumer Confidence Index was at a dismal 60.8 in May.
http://www.etfguide.com//contributor/UserFiles/8/Image/CCB%20Confidence%20Index.gif
As the above
chart shows, the average reading since 1967 is 94.5. The current reading is
lower than it was after the 9-11 attacks and about as low as in 2002. Consumer
spending accounts for 75% of GDP. What happens if the consumer doesn't feel
confident?
Worse
than Expected
Other worse
than expected numbers in May came from the Empire State Manufacturing Survey,
Redbook Retail Survey, Philly Fed Survey, Durable Goods Orders, GDP, Chicago
PMI, and the ISM Manufacturing Report.
They were
worse than expected because economists - who are generally bullish at the top
and bearish at the bottom - expected much better numbers. Thanks to Citigroup,
it is now possible to quantify just how right or wrong economists are.
The Citigroup
Economic Surprise Index measures actual data outcome relative to consensus
expectations. A positive index reading means that economic releases have, on
balance, been beating consensus estimates. As of June 2, the index was at -91
(see chart below).
http://www.etfguide.com//contributor/UserFiles/8/Image/Citigroup%20ESI.gif
Dare to
be Different
Unlike most
economists, the ETF Profit Strategy Newsletter expected the market to peak out after
an April rally. Following a low-risk entry against major Fibonacci support at
1,255 in March, the S&P formed a rare bullish dragonfly doji. The
Newsletter's forecast for the month of April (issued on April 3) read as
follows:
'A dragonfly
doji generally carries bullish implications. Considering the overall technical
picture and the bullish April seasonality, higher prices seem likely and odds
favor a buy the dips strategy over the next 1-3 weeks. There is a fairly strong
Fibonacci projection resistance at 1,369. In terms of resistance levels, the
1,369 - 1,xxx (reserved for subscribers) range is a strong candidate for a
reversal of potentially historic proportions.'
The importance
of 1,369 was re-emphasized again on May 1, with a recommendation for aggressive
investors to short the S&P against 1,369. Following a 46-month low in the
VIX (Chicago Options: ^VIX) on Friday April 29, the S&P topped on Monday
May 1, at 1,370 and hasn't really looked back since.
Adjusting
the Sensors
The purpose of
any sensor, gauge, or indicator is to signal trouble before it happens. A
'Check Engine' light doesn't help much if it lights up after the engine
blows. The proverbial canary in the coal mine is vital because it smells toxic
gases before anyone else does.
Unfortunately,
Wall Street doesn't subscribe to the concept of prevention, and neither do
economists. If they did, there wouldn't have been a 2002 tech crash (NYSEArca: XLK - News), a 2005 real-estate crash,
or a 2007 financial crash (NYSEArca: XLF - News).
Many economic
indicators (and the economy) never really recovered. Normally this is reflected
in stock prices. However, like a muzzle, QE2 has restrained the stock market
from expressing its feelings freely.
Perhaps there
is hope that Mr. Bernanke will unleash some version of QE3, but now is not the
time to base investment decisions on hope. After a 100%+ rally from the 2009
low, the easy money has been made.
Profiting in
the years to come won't be a piece of cake and may require more than the Wall
Street Journal's list of 1,000 biggest stocks and a dart…’
Ron Paul
says inflation will hit 50 percent New Hampshire Union Leader
| Inflation will hit 50 percent in the next couple of years, thanks to the
massive debt the country has accumulated.
Stocks
Fall on Dow’s Longest Slump Since 2002 Bloomberg | U.S.
stocks fell for the sixth straight week, giving the Dow Jones Industrial
Average its longest slump since 2002.
Many
of us won’t be able to retire until our 80s Marketwatch.com
| Many Americans will have to keep on working well into their 70s and 80s to
afford retirement.
Debt-reduction
talks gain speed VP (Lobotomy Joe) Biden and congressional negotiators
agree to pick up the pace of debt-reduction talks in hopes of presenting the
framework of an agreement to President Obama and congressional leaders by the
end of the month (Washington Post) [ Sounds like a plan! Poll:
Americans torn over debt limit
POST-ABC NEWS POLL | A large majority say the economy would probably
suffer serious harm if Congress fails to raise the federal debt limit. But
barely half support doing so, even if lawmakers also slash spending. (WP) [ I
think we’re at that point alluded to by Davis; viz., Davis ‘This is
how we pay off our current debts and I think bondholders are simply happy to
get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money--America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
U.S.
trade deficit shrinks A weak dollar drove up exports of goods and services
to record levels. Jobless
claims rise Companies are cutting staff as demand slows because of tight
credit and elevated energy prices. (Washington Post) [ Jobless claims worse
than expected and the glaring absence of the ‘800 pound gorilla’; viz., the
Japanese auto sector giving an artificial boost to the u.s. auto ‘balance’ is
somewhat homologous, not analogous, to a footnote on an income statement for
extraordinary (ie., one time, etc.) items and structurally, nothing has
changed. Kill-Joy
Alert: Economic Data Not as Good As It Seems, Say Analystsat Forbes
6-9-11 Heather Struck ‘If analysts these days are seeming like “the
glass is half empty” kind of guys, it may be for days like today, when this
morning’s seemingly upbeat economic data are already being met with
unenthusiastic grumbling. A smaller trade gap may be indicative of deeper
problems, analysts are saying, as global events have already seemed to tie into
the U.S.’s tenuous economic recovery.
The data
showed that the U.S. trade deficit narrowed to $43.68 billion in April, a 6.7%
drop from the month before. The drop was fueled by a $3.7 billion drop in oil
imports to the U.S., which has been dealing with higher energy prices. Kevin
Logan, chief U.S. economist for HSBC, says this detail makes the data less a
predictor of future growth than it usually would be.
“Normally an
improvement in the trade balance leads to an increase in estimates of GDP
growth in the quarter. But if the trade balance is improving because of an
across-the-board drop in demand for oil products there should be little impact
on GDP growth,” Logan said.
U.S. exports
grew 1.8% to $153.3 billion in April, the Commerce Department said. However, a
portion of that may be attributed to plant closures in Japan following the
earthquake and tsunami there, moving supply-chain momentum to the U.S.
On top of a
separate report from the Department of Labor Thursday that showed that jobless
claims were at a two-month low last week (See “Jobless
Claims Inch Higher”), the data nonetheless helped to move markets broadly
up, with the biggest gains in the Dow, which gained more than 1% by 2:00 p.m.
in New York to 12,172. U.S. Treasuries have been falling since the morning,
however, the yield on the 10-year bonds reaching 3.01% after a lengthy streak
below the 3% mark.
To round off
the day’s economic news, ECB President Jean-Claude Trichet used the words that
everyone was waiting for – “strong vigilance” – in a talk Thursday morning,
signalling that an interest rate hike may be coming for the central bank of the
EU. The euro, in response, dipped 0.5% against the dollar today to 1.4506.’
Stock
Prices Have Fallen For Six Weeks In A Row Well, it’s official. U.S. stock
prices have fallen for six weeks in a row. So will next week make it seven? The
last time stocks declined for seven weeks in a row was back in May 2001 when
the “dot-com” bubble was bursting.
China
ratings house says US defaulting: report A Chinese ratings house has
accused the United States of defaulting on its massive debt, state media said
Friday, a day after Beijing urged Washington to put its fiscal house in order.
Time to take a
chainsaw to spending America is the largest debtor nation in the history of
the world. As the country goes deeper into the hole, how worried should we be?
Congressmen shouldn’t be worried about our credit rating, says Quantum Fund’s
Jim Rogers.
The
Handling of the Economic Crisis May Lead to Civil Unrest CNN’s Jack
Cafferty notes that a number of voices are saying that – if our economy
continues to deteriorate (which it very well might) – we are likely headed for
violence, and civil unrest is a growing certainty.
National / World
6
in 10 Americans Now Oppose Obama’s War in Libya The Atlantic
| The president has made himself vulnerable by launching the conflict without
congressional cover.
Globalist
Org Reports 15,000 Dead in Libya Kurt Nimmo | The
corporate media usually dismisses Libyan claims that the NATO terror campaign
is killing innocent civilians.
Panetta:
Escalate Shadow Wars, Expand Black Ops Icing Osama bin Laden? Just the
beginning, once Leon Panetta makes it to the Pentagon.
‘Libyan
gold was globalist game all along’ NATO is continuing its barrage of the
Libyan capital, with no sign there will be any let-up until Colonel Muammar
Gaddafi goes. Western and Arab countries are showing their support for the
Libyan opposition by pledging more money.
Bilderberg Members Confronted by Protesters Outside Security
Perimeter Paul Joseph Watson | Angry exchanges
between elitists and protesters in unprecedented video footage.
Charlie Skelton Reacts to Astounding Bilderberg
Confrontation Footage London Guardian journalist Charlie Skelton
reacts to astounding footage showing Bilderberg members being confronted by
irate demonstrators outside the security perimeter of the Suvretta hotel.
Interview With Swiss Politician Dominique Baettig Who
Confronted Bilderberg Infowars | Swiss Politician
Dominique Baettig tells Infowars.com why he has used his position to officially
question the secrecy of the Bilderberg group.
Male Prostitutes Service Bilderberg Members at Elite Summit? Paul
Joseph Watson | Bilderberg attendees photographed leaving El Paradiso
compound following admission of gay escorts being transported there.
Mentally Disabled Man Considered Terrorist by TSA Kurt
Nimmo | If you continue to fly, you are to blame for the TSA abusing
the mentally disabled, pregnant women, and children.
10 Really Stupid Things The Mainstream Media Has Said
About The Bilderberg Group In 2011 The American Dream
| Most Americans will completely ignore the Bilderberg Group because the
mainstream media is telling them that it is not an important event.
Locating
Bilderbergers Infowars.com | On the trail of an
escort who will service Bilderberg members.
Texas
Sheriff’s Office Issues Domestic Terrorism Warning The Bandera County
Sheriff’s Office issued a warning Thursday to citizens about an anti-government
movement known for acts of domestic terrorism.
F16
Crashes In Wisconsin, Eyewitness Claims Nuclear Weapons On Board As Military
Plants Cover Story? An F16 crashed in Wisconsin on Tuesday, causing the
evacuation of residents within a one mile radius of the downed aircraft.
Bilderberg
Behind Rick Perry 2012 Run Texas Governor Rick Perry is dipping his toes
into the 2012 presidential race, coincidentally, as the Bilderberg conference
convenes in St. Moritz, Switzerland. Bilderberg, notorious kingmakers in the
U.S. and Europe, tapped Perry in 2007, inviting him to the conference meeting
in Istanbul and presumably vetting him for higher office. Has his moment now
arrived?
The
Senate’s sound of silence “Quorum
calls” usually do nothing besides fill up empty minutes; this year, there are
more of them. (Washington Post) [ Ah,
yes! When there is complete silence, freedom will ring; after all, they can’t
muck up what they’re not in session to f***up! Milbank:
Congress clocks in to clock out (Washington Post) [ ‘At 10 a.m. Tuesday morning, the Senate
came to order. Forty-one seconds later, it adjourned. During this legislative
session, there was no bill under consideration, no debate on the floor, not
even an opening prayer or a pledge of allegiance. The only senator in the
chamber was Mark Warner (D-Va.), the presiding officer. ‘After completing his gavel duties, Warner
looked up at the 20 tourists in the public gallery and wondered aloud to the
clerk what the spectators must think of the proceedings.“They think, ‘this is
our government?’ ” the clerk replied. That’s if they’re being charitable. The
Senate is supposed to be in Memorial Day recess this week. But the chamber is
so ungovernable that Majority Leader Harry Reid doesn’t even have the votes to
declare a recess. So he decided instead to have a few “pro forma” sessions,
such as Tuesday’s, allowing senators to take a vacation without voting for it.
In a sense, the Senate has been in a pro-forma session all year…’ Now who’s
being charitable … I’d say Mr. Milbank in his euphemistic description supra as
well as his unflinching defense of
wobama the b (for b***s***) despite wobama’s reneging on virtually all his
campaign promises / rhetoric to the nation’s unequivocal detriment. Thus, it is
indeed Mr. Milbank, journalistically speaking, who as well clocks in to clock
out. Simply put, wobama is nothing less than the worst of the democratic
platform combined with the worst of the republican platform. At near single
digit approval rates for congress, I find it difficult to imagine a realistic
approval rate for wobama exceeding same.
Davis ‘This is how we
pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan; indeed they are. [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones
FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
]
Ex-NSA
official avoids jail time Accused leaker Thomas Drake will plead guilty to
a misdemeanor; other charges will be dropped. (Washington Post) [ This man
deserved an award or medal while the nation destroying big wall street frauds
have been too connected to fail or jail. The failed story of pervasively
corrupt, defacto bankrupt america. The story of decline and fall of a nation. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm The frauds on
wall street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed… an especially great opportunity to sell
/ take profits while you still can since there's much worse to come! ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might even
say off-the-chart. Minyanville's
T3 Daily Recap: Bearish Close Foreshadows Deeper Correction at
Minyanville
Beating
Obama Should the GOP attack his leftist ideology or his failed leadership?
(Washington Post) [ How about all of the above and more. Clearly an anti-bush,
left-leaning wobama the b (for b***s***) would have been good for this country
and the world had he only done what he campaigned on and promised to do; yet,
he’s been little more than ‘bush 2 or 3’ and not even bush light, and hence,
also a failed president. There’s very little difference between the parties
when ‘push comes to shove’. Indeed, the incumbent ‘comradery’ with an ever
vigilant eye toward only staying in office militates against the courageous
action necessary to lessen the magnitude of the damage they’ve already done and
continue to do, both by misguided action and inaction. …
Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations
are regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall. .. Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.;more specifically, diversion of the
masses from the glaring failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Weiner: What a total mental case! What can you expect from national sinkhole new york
(new york / new jersey metro area).
Jon
Stewart’s cutting Weiner satire
“The Daily Show” host stopped pulling punches and made himself the star
of the story. (Washington Post) [The comedic gift that keeps on giving …‘what’s
in a name?’ On the serious side, it’s a psychoanalytic field day; what a total
mental case! Pressure
ramps up on Weiner to resign Weiner’s
political survival in doubt Rebuked
by fellow Democrats, the congressman faces a likely House ethics committee
investigation. (Washington Post) [ But his survival as a ‘cyber hot dog’ is
assured. After all, you can’t expect to have everything in this world; you
know, ‘have your hot dog on display and eat it too’. Anthony’s Weiner is
destined to live in infinity; or should I say infamy] New X-rated Weiner photo hits
web... Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings,Volkman DEMS BAILING...
Old Flame Calls on Him to
Quit... ‘the
transcript of a nine-month "sexting" relationship Weiner had with a Las
Vegas blackjack dealer. Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his other views of women, he tells her, “I hear
liberal girls are very, uh, accommodating of other[s],” playing on a bogus
stereotype that politically liberal women are promiscuous. When he asks the
woman, who is Jewish, “You give good h**d?” and she says yes, he exclaims: “Wow
a Jewish girl who sucks c***! this thing is ready to do damage.” ‘[ What a total mental case!
What can you expect from
national sinkhole new york (new york / new jersey metro area). ] Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings,Volkman
REPORT: Weiner coached woman
to lie...
TMZ: Offered PR help...
Dems Begin Peeling Off...
Breitbart says he has X-rated
photo...
WHACKED, NOT HACKED!
'Used govt.
resources'...
Breitbart: 'I Want To Hear
Truth'...
6 'inappropriate'
relationships...
ABCNEWS: Mystery Woman
Revealed...
HER STORY...
Risqué Online Chats, Photo
Swaps...
SLIDESHOW...
VIDEO: 'Web of lies'...
TWITTER TEARS:
WEINER ADMITS
REPORT: Woman claims to have
200 explicit messages from NY Dem...
IT MIGHT BE MY WEINER! REPORT: WEINER'S TALE
UNRAVELING... By
Daniel Libit Sunday, June 5,
2011 ‘As the world has attempted to make sense of Rep. Anthony Weiner’s claim
that his Twitter account was hacked, a key clue has been missing: exactly how
the notorious groin pic was posted online. But according to data provided
exclusively to The Daily from TweetCongress.org, a nonprofit website that
captures each member of Congress’s Twitter feeds in real time, the shot seen
round the world was transmitted using TweetDeck — a popular Adobe desktop
application that links up with social networking sites. A review of Weiner’s
Twitter stream from May 27, the day of the crotch pic, shows that Weiner had
been posting only from TweetDeck — one of many ways to post messages to Twitter
— that entire night. Chet Wisniewski, a senior security adviser at security
software company SophosLabs, said the TweetDeck stamp “does make it more
plausible that it did come from him.” Weiner used TweetDeck frequently, but he
often also posted from the Web directly or from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have
been hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP)
- After days of denials, a choked-up Rep. Anthony Weiner confessed Monday
that he tweeted a photo of his bulging underpants to a young woman, and he also
admitted to "inappropriate" excha...’ Tearful US congressman admits to crotch photos (AFP) ]
'This Could Be The End For
Him'...
’Pot Calls Kettle
Black’: Donald Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald Trump has a new target, and boy does
he look pleased. "The fact is, Anthony Weiner is a bad guy," the
Celebrity Apprentice honcho, who recently decided against running for...
'Have You Ever Taken A
Picture Like This Of Yourself?'...
WEINER CALLS COPS ON CBS WASHINGTON
(CBSNewYork) — ‘Congressman
Anthony Weiner said Thursday he’s finished talking about the lewd photo sent
from his Twitter account.But he still wouldn’t say whether
he’s the one in the picture.So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words
created quite the stir. Doors slammed and people pretended she wasn’t there
...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’!
‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect
from national drain / sinkhole new york (new york / new jersey metro). I
haven’t read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the objection
of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia /
organized crime [ this was documented with authority in the book ‘Goombata: The
Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings
(Author), Ernest
Volkman (Author) Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street
accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Germany’s
hard line on Greek bailout
Officials are demanding that private investors contribute a
“substantial” amount toward any new bailout. (Washington Post) [ Private, as in
non-Greeks? Demand? Sounds to me like something’s rotten in the state of
‘euro-mark’ … and in defacto bankrupt america … Obama
Presses Europe, Pledges Help for Greek Crisis CNBC | Obama
offers bailout money for Greece. [ Why
doesn’t he just send them a u.s. dollar printing press; you know, one of the
old ones since only $100 presses are used in the u.s. now. Such largesse, as
the bankrupt lead the bankrupt.] Albert
Edwards: Bear market could take S&P down to 450 Posted by Prieur du
Plessis under Investment, Stocks
‘I have not referred to my friend Albert Edwards’s views for a while.
Given the rather difficult juncture at which the U.S. stock market finds
itself, I thought it opportune to consult with the big guy over at Société Générale in
London.
In short, Albert sees that the structural bear market in equities has
not yet reached bottom. “We have long said that the de-bubbling process would
end only when equities become very cheap and revulsion in equities as an asset
class hangs in the air like a fog,” commented the famed strategist.
“Equity investors are in for a rude shock. The global economy is sliding
back into recession and they are still not even aware that these events will
trigger another leg down in valuations, the third major bear market since the
equity valuation bubble burst. We will return to the valuation nadir last seen
in 1982, with the S&P bottoming around 450.”
Albert is never short of drawing analogies: Investors’ continued
optimism “as the equity bloodbath of the last decade enters its final, even
bloodier phase” reminded him of the Black Knight in Monty Python & the Holy Grail. “Despite being
grievously wounded by King Arthur, the Black Knight makes light of his injuries
which he dismisses as a flesh wound. The vast bulk of the investment industry
fails to appreciate that we are locked in a structural bear market and about to
enter Act III,” he concluded.’
US
Is Nearing Even Worse Financial Crisis: Jim Rogers Margo D. Beller | The U.S.
is approaching a financial crisis worse than 2008. ‘The U.S. is approaching a financial crisis worse than 2008, Jim
Rogers, chief executive, Rogers Holdings, warned CNBC Wednesday.“The debts that
are in this country are skyrocketing,” he said. “In the last three years the
government has spent staggering amounts of money and the Federal Reserve is
taking on staggering amounts of debt…’
Oil
price rises sharply after Opec meeting collapses in disarray Guardian
| Proposal to increase production rejected by 6 of 12 members.
U.S. Trade
Deficit Unexpectedly Narrows Bloomberg | The U.S. trade
deficit unexpectedly narrowed in April.
Initial
Jobless Claims Rise by 1,000at TheStreet
US
Trade Deficit Narrows, But Does This Amount Matter?Wall St. Cheat
Sheet
Top 3 Reasons Markets Bounced Back After 6-Day Losing Streak
AAII
Sentiment Survey: Pessimism SpikesWall St. Cheat Sheet
10
Reasons the Market Pullback Will Continue
Americans Don’t Believe Government Lies: “Forty-Eight
Percent Say That Another Great Depression Is Likely To Occur In The Next Year …
More Than Eight In Ten Americans Say That The Economy Is In Poor Shape” Federal
Reserve chairman Ben Bernanke says that jobs and growth will pick up in the
second half of the year.
10
Signs That Wall Street Is About To Go Into Panic Mode Can you smell the
fear? Right now world financial markets are visibly nervous and many are
worried that Wall Street is about to go into panic mode.
Here
It Comes: Obama Considering Another Fiscal Stimulus Bolded bullets aside,
good luck passing another fiscal stimulus Dear President when you can’t even
issue debt without stealing money from government retirees.
Senators
seek crackdown on “Bitcoin” currency Two senators are pressing federal
authorities to crack down on an online black market and “untraceable” digital
currency known as Bitcoins after reports that they are used to buy illegal
drugs anonymously.
National / World
18
Signs The Collapse Of Society Is Accelerating As the U.S. economy
collapses, the thin veneer of civilization that we all take for granted is
going to begin to disappear. In fact, there are already an increasing number of
signs that the collapse of society is accelerating.
Video: Richard Perle, Bill Gates, Other Delegates Spotted
At Bilderberg Infowars.com | Arch neocon and long
time Bilderberg attendee Richard Perle has been spotted arriving at the confab.
Bilderbergers Build Wall to Hide Attendees Kurt
Nimmo | Conniving elitists try to hide behind linen wall stretched
around resort.
High Quality Bilderberg 2011 Video & Photos, St.
Moritz Infowars | High quality photos from
Bilderberg 2011 at the Suvretta Hotel in San Moritz taken by Aaron Dykes and
the Infowars team.
Europe Marches on Bilderberg Tyrants Infowars.com
| A large protest against the criminal global elite hidden away in their
exclusive Swiss resort is critical if we are going to send a message of unified
resistance to the New World Order.
Obama
loses bin Laden bounce; Romney on the move among GOP contenders (Washington
Post) Steven Pearlstein
The Good Mitt had so much potential. The Bad Mitt jeopardizes it by
inartfully pandering to the right wing.
(Washington Post) [ Yeah! I do think Mr. Pearlstein has touched upon an
obscure if not fine line which does indeed undermine faith in the Romney
candidacy. After all, after ‘wobama the b’ (for b***s***) it’s ‘voter beware’
like never before. The pandering to the israeli lobby, zionists, neo-con right
wing is so unctuous and transparent that it substantially undermines his
otherwise ‘desirability factors’ as a candidate. Wobama is a grim reminder of
the damage that not doing as pledged can do to this nation particularly, and
other nations less directly (ie., mideast, euro zone, etc.). As such, for one
to support Romney in light of his indefensible, misguided israeli stance,
they’d be put in the untenable position of believing that he didn’t mean what
he said; or, put another away, that they don’t believe what he said. Romney
says he can heal economy He kicks
off presidential bid by trumpeting his record as a turnaround specialist in
business. (Washington Post) [ Well, he’s certainly not going to do that by
toeing the israeli lobby line as did failed president wobama the b (for
b***s***), despite his recent rhetoric (meaningless coming from wobama the b)
seemingly, but not really in terms of action (he’s literally continued the
perma-war policies of war criminal and moron dumbya bush; ie., Afghanistan,
Libya, etc., Drudgereport: FLASHBACK:
Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA
FIGHTS FOR HIS RIGHT TO BOMB LIBYA... Deadliest
day this year... WARS
RAGE ON... U.S.
Dead in Afghanistan Tops 1,500... OBAMA
HITS GOLF COURSE FOR ROUND NO. 70... ON
THE GROUND IN LIBYA . This despite the defacto bankruptcy of
the nation. It is time to tell the mentally deficient at the pentagon along
with other war mongering neocons that the days of their easy money, fog of war
thefts (ie., 360
tons of $100 bills flown into Iraq and ‘disappeared’, etc. ) and nebulously fat budgets are over. Stated another
way, math, economics, and finance count. I’d say law should count but we all
know that’s not the case in meaningfully lawless america (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed). Obama
is committed to Israel (Washington Post) Rahm Emanuel He’s been invested
since his first days in office.{Yes! I do believe this is among the few
instances when emanuel is telling the truth; and, pervasively corrupt, defacto
bankrupt america has the red ink, red blood (of u.s. soldiers), and failed
geopolitical strategy to prove it.}
Robert
Gates: Kucinich move on Libya ‘dangerous’ Politico | Gates
says move to end Libya attack would undermine alliances and military
operations. House
Republicans Kill Kucinich’s Libya Withdrawal Bill FoxNews.com
| Yanked from schedule only after it became clear that it might succeed. { In robert gates’ cia-alice-in-wonderland
world, a failed defacto bankrupt american banana republic with gunboat
diplomacy will do just fine (thank you very much for your wasted tax dollars).
}
Tough
choices in Europe over Greece Greece will need more than $40 billion
to keep itself afloat and sidestep a nightmare scenario: a default by one of
the countries that use the euro. (Washington Post) [ Fait accomplis? I’d say,
‘look homeward hell’s angels’. After
all, we do have near 50 such fiscal basket-cases here in the pervasively
corrupt, defacto bankrupt disunited states. Meanwhile, america / nato are
frittering money / resources away . http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT
THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM
"AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON
THE MIDDLE EAST… Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations
are regressively but nostalgically trying bring the world back to failed geopolitical
paradigms that made the 20th century the bloodiest century, not coincidentally
the american century (obviously for israel the latter half century). Yet, such
a conditioned psychopathic approach to global matters has led them
self-destructively, self-defeatingly, and ineluctably to decline, fall. ..
Orwellian approach fostered by the purveyors of global unrest; viz., israel,
america, Orwellian england, etc.;more specifically, diversion of the masses
from the glaring failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Low
hopes for Afghanistan Ryan Crocker
didn’t dissuade the pessimism.
(Washington Post) [ Pessimism? How about reality! Think of the most
optimal conclusion there as measured against the cost. Not worth it! And, keep
in mind an optimal conclusion is highly unlikely. Hence, at this precarious
point in pervasively corrupt, defacto bankrupt america’s history, hopes just
don’t cut it; and, are wholly insufficient to justify such costly, ill-founded,
misguided policy. Report:
Afghan nation-building effort in peril
EXCLUSIVE | Hugely expensive U.S. effort has had only limited success
and may not survive an american withdrawal, according to the findings of a
two-year congressional investigation to be released Wednesday. (Washington
Post) [ Has everybody lost their minds?
‘(Afghanistan) may not survive an american withdrawal’? How about the
reality that Afghanistan might not survive a continued american presence; and,
ditto for the occupiers, viz., defacto bankrupt america hemorrhaging red ink
therefrom and more. I’d call what they’re doing, ‘nation-destroying’ which
reality is not lost on the people affected.… 6th
soldier charged in plot to kill Afghan civilians (WP) Afghanistan’s
Karzai gives U.S. final warning: stop killing civilians Afghan President
Hamid Karzai called on the US military on Sunday to avoid operations that kill
civilians, saying it was his “last warning” to Washington after 14 people
allegedly died in an air strike. … Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations
are regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall. .. Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.;more specifically, diversion of the
masses from the glaring failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Pressure
ramps up on Weiner to resign A
handful of Capitol Hill Democrats call for the New York congressman to step
down. (Washington Post) [ Weiner's
political life dims as lewd photo appears (AP) AP - Embattled New York Rep. Anthony Weiner's prospects for
political survival dimmed precipitously on Wednesday with the appearance on the
Internet of an X-rated photo said to be of the congressman — and the first
calls from fellow Democrats for him to step down. Weiner’s
political survival in doubt Rebuked
by fellow Democrats, the congressman faces a likely House ethics committee
investigation. (Washington Post) [ But his survival as a ‘cyber hot dog’ is
assured. After all, you can’t expect to have everything in this world; you
know, ‘have your hot dog on display and eat it too’. Anthony’s Weiner is
destined to live in infinity; or should I say infamy …] New
X-rated Weiner photo hits web...
Weiner:
That's my weiner, too...
Another
Weiner Sexter Emerges...
POLITICO
on Weiner: 'Dam is breaking'...
DEMS
BAILING...
Old
Flame Calls on Him to Quit... ‘…he transcript of a nine-month "sexting"
relationship Weiner had with a Las
Vegas blackjack dealer. Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t want
to gag a woman with your penis unless you have some serious issues with the way
you see women. As for his other views of women, he tells her, “I hear liberal
girls are very, uh, accommodating of other[s],” playing on a bogus stereotype
that politically liberal women are promiscuous. When he asks the woman, who is
Jewish, “You give good h**d?” and she says yes, he exclaims: “Wow a Jewish girl
who sucks c***! this thing is ready to do damage.” ‘[ What a total mental case! ]
REPORT:
Weiner coached woman to lie...
TMZ:
Offered PR help...
Dems
Begin Peeling Off...
Breitbart
says he has X-rated photo...
WHACKED,
NOT HACKED!
'Used govt. resources'...
Breitbart:
'I Want To Hear Truth'...
6
'inappropriate' relationships...
ABCNEWS:
Mystery Woman Revealed...
HER
STORY...
Risqué
Online Chats, Photo Swaps...
SLIDESHOW...
VIDEO:
'Web of lies'...
TWITTER TEARS: WEINER ADMITS
REPORT:
Woman claims to have 200 explicit messages from NY Dem...
IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to
make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked,
a key clue has been missing: exactly how the notorious groin pic was posted
online. But according to data provided exclusively to The Daily from
TweetCongress.org, a nonprofit website that captures each member of Congress’s
Twitter feeds in real time, the shot seen round the world was transmitted using
TweetDeck — a popular Adobe desktop application that links up with social
networking sites. A review of Weiner’s Twitter stream from May 27, the day of
the crotch pic, shows that Weiner had been posting only from TweetDeck — one of
many ways to post messages to Twitter — that entire night. Chet Wisniewski, a
senior security adviser at security software company SophosLabs, said the
TweetDeck stamp “does make it more plausible that it did come from him.” Weiner
used TweetDeck frequently, but he often also posted from the Web directly or
from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have
been hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP)
- After days of denials, a choked-up Rep. Anthony Weiner confessed Monday
that he tweeted a photo of his bulging underpants to a young woman, and he also
admitted to "inappropriate" excha...’ Tearful US congressman admits to crotch photos (AFP) ]
'This
Could Be The End For Him'...
’Pot Calls
Kettle Black’: Donald Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald Trump has a new target, and boy does
he look pleased. "The fact is, Anthony Weiner is a bad guy," the
Celebrity Apprentice honcho, who recently decided against running for...
'Have
You Ever Taken A Picture Like This Of Yourself?'...
WEINER
CALLS COPS ON CBS WASHINGTON (CBSNewYork) — ‘Congressman Anthony Weiner said Thursday he’s
finished talking about the lewd photo sent from his Twitter account.But he
still wouldn’t say whether
he’s the one in the picture.So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some answers.You’ll
never believe what happened.Kramer tried to get an interview with the six-term
New York Democrat and as a result had the cops called on her.Kramer walked in
to Weiner’s office, announced herself as being from CBS 2 in New York City and
said she’d like to see the congressman. Those few words created quite the stir.
Doors slammed and people pretended she wasn’t there ...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’!
‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect
from national drain / sinkhole new york (new york / new jersey metro). I
haven’t read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were routinely
exposed by ‘italians’ in the new york d.a.’s office over the objection of the
FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized
crime [ this was documented with authority in the book ‘Goombata: The
Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings
(Author), Ernest
Volkman (Author) Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered
by the purveyors of global unrest; viz., israel, america, Orwellian england,
etc..; more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Albert
Edwards: Bear market could take S&P down to 450 Posted by Prieur du
Plessis under Investment, Stocks
‘I have not referred to my friend Albert Edwards’s views for a while.
Given the rather difficult juncture at which the U.S. stock market finds
itself, I thought it opportune to consult with the big guy over at Société Générale in
London.
In short, Albert sees that the structural bear market in equities has
not yet reached bottom. “We have long said that the de-bubbling process would
end only when equities become very cheap and revulsion in equities as an asset
class hangs in the air like a fog,” commented the famed strategist.
“Equity investors are in for a rude shock. The global economy is sliding
back into recession and they are still not even aware that these events will
trigger another leg down in valuations, the third major bear market since the
equity valuation bubble burst. We will return to the valuation nadir last seen
in 1982, with the S&P bottoming around 450.”
Albert is never short of drawing analogies: Investors’ continued
optimism “as the equity bloodbath of the last decade enters its final, even
bloodier phase” reminded him of the Black Knight in Monty Python & the Holy Grail. “Despite being
grievously wounded by King Arthur, the Black Knight makes light of his injuries
which he dismisses as a flesh wound. The vast bulk of the investment industry
fails to appreciate that we are locked in a structural bear market and about to
enter Act III,” he concluded.’
‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not
alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Minyanville's
T3 Daily Recap: Bearish Close Foreshadows Deeper Correction at
Minyanville The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits
while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! ‘
Here's
The Proof U.S. Companies Are Taking Jobs Abroad at Forbes Robert Lenzner StreetTalk ‘The jobs are going to the foreign
affiliates of U.S. companies in far greater numbers than the jobs that are
created for U.S. affiliates of U.S. companies. The proof of the pudding is in a
chart below, recommended to Forbes by the Ewing Marion Kauffman
Foundation in Kansas City, that is recognized as a fountain of research
and ideas about entrepreneurship. The more the entrepreneurship, the more
the jobs, the more the success of the U.S. economy.
Chart http://blogs-images.forbes.com/robertlenzner/files/2011/06/lenzners-chart.png
Since 1982 the
index of jobs going to the foreign affiliates of U.S. companies has risen
some 80% from a low of 100 in 1982 to 180 currently. By comparison, the index
of jobs at the U.S. affiliates of U.S. companies rose from 100 in 1982 to a
peak of 130 in 2000–before the tech bubble and the housing bubble– and in
the last decade has fallen back to 110. This means the number of jobs created
by US companies inside the nation has risen by only 10% over 30 years.
By another
comparison, the jobs created by new small business in the U.S. has increased by
20 million over the 1980-2005 period. We will try to determine if this
rate of job creation is continuing. Obviously, something must be done to reduce
the unemployment rate of 9.1%– as well as the underemployed rate of 15-20%.
Kauffman’s
Dane Stangler, director of research, believes many of these new jobs were
created by employees, who lost their positions at a large company, and t
hen went into business for themselves. This probably won’t be sufficient to
dent the unemployment rate today.
Public policy
measures like the Fed’s quantitative easing and the Obama administration’s
Recovery Act just did not pack sufficient wallop to get the job done. “To
bring the unemployment rate down, GDP growth needs to be more rapid,” Christina
Romer, former chairman of Obama’s economic advisors, said recently in a speech.
“We need to be adding not 100,000 to 200,000 jobs a month, but more like
400,000 or even 500,000 per month.”
QE2, Romer
insisted,”came a year too late,” and the Recovery Act “wasn’t big enough.” ‘
Beige
Book: Fed's Snapshot Shows Scuffling Economyat Forbes Steve
Schaefer ‘A day after sweeping remarks from Ben Bernanke that touched
on everything from the economic
soft patch to commodity inflation to bank
regulation, the Federal Reserve released its the Beige
Book for its June 21-22 meeting. The snapshot of economic conditions from
the central bank’s 12 districts supported the chairman’s view of a continuing,
though decelerating, recovery.
Dallas was a
bright spot, the lone district to indicate growth is speeding up, while New
York, Philadelphia, Atlanta, and Chicago all noted slowing growth. Consumer
spending turned mixed since the last Beige Book released April 13, which comes
as little surprise as households continued to feel the pinch of higher prices
at the pump even as crude oil eased back below the $100 threshold ...
The report
noted some challenges in auto sales attributed to supply disruptions from
March’s natural disaster in Japan. Automakers like GM, Ford and Toyota have
acknowledged the impact of such disruptions, but the effect is likely
temporary.
There was
nothing to write home about in the housing portion of the report, as Fed
districts reported “widespread weakness” in residential construction and real
estate, though rental housing conditions have strengthened and let to a pickup
in development. Loan demand was steady to stronger, the Fed says, amid broad
improvement in credit quality, which should come as little surprise given the
massive post-crisis deleveraging undertaken by households and businesses that
continues apace.
Other segments
of the Beige Book offered further confirmation of trends that are
well-established. Manufacturing growth continues, but at a slower pace, the
labor market is lackluster at best and companies are facing challenges in
passing along higher input prices – like oil, agricultural commodities and
industrial metals – to customers.
The release of
the Beige Book comes with U.S. stocks trying, and failing to break a losing
streak. Ninety minutes to the close the major indexes were near session lows
with the Dow Jones industrial average off 12 points at 12,059, the S&p 500
4 points at 1,281 and the Nasdaq 23 points at 2,679.
Earlier
Wednesday, concerns of slower growth continued to surface in the government
bond market as an auction of $21 billion in 10-year Treasury notes drew a yield
of 2.97% amid strong demand. The rate was the lowest since November.’
Oil's
Path Is Only Up From Here: Analyst at Forbes Heather Struck ‘After
OPEC’s production talks in Vienna broke down Wednesday the door is likely open
to continued high oil prices, and strengthening demand is only helping to put
further pressure on crude oil’s record levels this year.
In May Saudi
Arabia boosted its output by 450,000 barrels a day to 9 million barrels
of oil in order to meet supply levels. In the U.S. demand has been growing
robustly, at 19.2 million barrel per day.
Energy stocks
are seeing gains for two Dow components – Exxon Mobile and Chevron – which were up 2% and 1% respectively Wednesday.
While gasoline
and energy push up demand at a robust pace, supply is facing headwinds. Libya
has ceased production while its nation undergoes a forceful change of
leadership, and Russia’s production is spotty.
“Production is
going to be erratic for the rest of the year” says Amrita Sen, an energy
analyst for Barclays Capital. There will pockets of weakness in the Middle East
and China, and there will be pockets of strength in the U.S., Canada and
Brazil.
If oil prices
were going to be stabilized through production levels, it would have been at
the OPEC meeting today, where Middle Eastern nations such as Iran and Saudi
Arabia argued over politics. After the talks failed, “everything is [up to]
Saudi Arabian policy,” according to Sen.
In a May 26
note, Sen said the OPEC meeting would be a test for oil prices for the
remainder of the year
The trigger for the next move higher, in our view,
could be the upcoming OPEC meeting on June 8, where the lack of a proactive
approach to mitigating the shortfalls in the market could serve to
significantly tighten balances.
Investors seemed to take that possibility into
account Wednesday, as West Texas intermediate crude moved up 1.8% to $100.85 a
barrel, while Brent crude eased slightly from the day’s high, landing at
$117.85.’
Minyanville's
T3 Daily Recap: Market Again Fades Late, Chinese Internet Beating Continuesat
Minyanville
Top
3 Reasons Markets were Down While OPEC Pushed Oil UpWall St. Cheat
Sheet June
8, 2011, 5:13 pm EDT
Markets closed
down on Wall Street: DJI -0.18% SP500 -0.42% Nasdaq -0.97% Gold - 0.41% Oil
2.05% .
On the
commodities front, Oil (NYSE:USO) rocketed up past $100 a barrel after OPEC decided
not to increase a cap on oil production, while precious metals were down
with Gold (NYSE:GLD) ending regular trading down 0.41% and
Silver (NYSE:SLV) down 0.25% at close…
Today’s
markets were mixed because:
1) OPEC. Crude
(NYSE:USO) had been down the last few days in anticipation
of OPEC increasing the cap on production. But this morning when they decided to
maintain production restrictions at current levels, it was the only big
financial news release, so oil futures skyrocketed while everything else
remained relatively still. See
Why It’s All About That Texas Tea.
2) Tech has
been unimpressive, at best. With no really big news or cool new gadgets coming
out of Apple’s (NASDAQ:AAPL) Worldwide Developers Conference, Nokia (NYSE:NOK) continuing its downward spiral, the legality of
the AT&T’s (NYSE:T) buyout of T-Mobile still being debated, and a host
of unimpressive numbers from companies like Microsoft (NASDAQ:MSFT) and LinkedIn (NYSE:LNKD), the usually booming tech sector has been taking
a bit of a vacation this week.
3) The Beige
Book. The Federal Reserve released the Beige Book this afternoon, a snapshot of
the country’s economic condition. Unsurprisingly, we’re not doing that great.
Progress has slowed in just about every sector while many companies are facing
higher input costs, passing them on to consumers in the form of higher prices.
Nothing dampens the market like reminding people just how bad things are.’
Fed: Default would be dangerous; Fitch may cut rating (Reuters)
OPEC talks collapse, pushing oil prices higher (Reuters)
Minyanville's
T3 Daily Recap: Bearish Close Foreshadows Deeper Correction at
Minyanville
Bernanke:
Economy slowing but faster growth ahead- AP [ Well, there you go …
the new maestro, ‘no-recession-helicopter-ben b.s. bernanke’, has
covered all his bases; yes, the economy’s slowing but as well, faster growth
ahead. Nothing to worry about now in this ‘non-zero sum game’; after all,
either / or he’s gotta’ be right … wrong! The
GOP’s deficit demands Sen. Jon Kyl
offers the most specific outline yet of Republicans’ conditions in the
debt-ceiling talks. (Washington Post) [Moody’s:
U.S. credit rating at risk Agency
warns of a possible credit rating downgrade if a debt-ceiling deal cannot be
reached. (Washington Post) [ I’d say, as is true of their performance in the
last phase of this ongoing crisis, they are so typically late to the party.
After all, pervasively corrupt america is already defacto bankrupt. House
rejects debt ceiling increase The
317-to-98 vote was a bipartisan rejection of extending the nation’s current
debt limit of $14.3 trillion unless major spending reductions accompany the
legislation. (Washington Post) [ Well, perish the thought that increases in
liabilities should be commensurate with decreases in liabilities to maintain a
… balance … sheet? At this point, who’s counting? After all, are there really
degrees of defacto bankruptcy? Or, an either / or absolute state; viz., you are
or you’re not defacto bankrupt. Pervasively corrupt, defacto bankrupt america
is in fact defacto bankrupt! … Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times. The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this
week,” Brooks said. “They’re vastly underestimating the source of piolitical
risk here. We could have a major problem, I think, either this summer or the
next couple years. And I’d be worried about investing too much in the market.
That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Davis ‘This is how we pay off our current
debts and I think bondholders are simply happy to get anything out of a country
that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn
(entire global GDP) in the form of unfunded liabilities. The funniest thing
about this (and you have to laugh) is to see Conservative pundits get on TV and
talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
Deflationary
Depression in America: The Double Dip Economic Recession
OPEC
Talks Break Down, No Deal to Lift Oil Supply OPEC talks broke down in
acrimony on Wednesday after Saudi Arabia failed to convince the cartel to lift
production, sparking a rebound in global oil prices.
Asleep at the wheel During a
press conference with German Chancellor Angela Merkel, President Obama stated,
“I’m not concerned about a double-dip recession. I am concerned about the fact
that the recovery that we’re on is not producing jobs as quickly as I want it
to happen.”
Citizen Sues Atlanta Fed Based on Allegation that It’s
Issuing Federal Reserve Notes That It Has No Intention of Redeeming, Which
Amounts to Counterfeiting … Asks that Atlanta Fed’s Charter be Forfeited The
complaint alleges that all of the Federal Reserve Banks (including Atlanta)
stopped allowing Federal Reserve Notes to be redeemed in the early 2000′s
and that – because 12 United States Code Section 411 requires the notes to be
redeemable – continuing to issue notes without allowing redemption amounts to
counterfeiting.
Obama’s Failure to Fill
Economic Posts Is an Unforced Error - Daniel Gross,
Y! Finance The ultimate failure to fill key posts in important agencies
is its own goal, an unforced error, a self-inflicted wound.
Fine
Print of Goldman's Subprime Bet- Andrew Ross Sorkin, NYT
Timothy
Geithner, the persuader Many wondered if Geithner would last. Now he’s a
central figure in Obama administration. (Washington Post) [ The persuader?
Yeah, anything but what tiny tim’s supposed to be … because … nothing succeeds
like failure in pervasively corrupt, defacto bankrupt america. After all,
central figure in wobama’s administration doesn’t say much … Obama's rating on economy hits new low: poll (Reuters) Obama: No fears of double-dip recession (AP) [He’s so ‘brave’,
he has no fear; and, after all, look at all his wars … yet, reality proves he’s
all b***s***, that ‘wobama the b’(for b***s***). Daily
economic briefings disappear from Obama’s White House schedule (I personally believe wobama doesn’t
understand economics.) Madoff
employee pleads guilty Documents charged Eric Lipkin, a former employee,
with helping Madoff perpetrate his epic Ponzi scheme. (Washington Post) [ ‘Tiny
taters’! Yet, there are loads of such fraudulent interrelationships on
fraudulent wall street, part and parcel of the last and ongoing ubiquitous
fraud; albeit too big to fail or jail despite intimations to the contrary. Goldman
Sachs subpoenaed Report says firm’s mortgage-related investments enabled
the company to profit while clients lost money. (Washington Post) [ Their stock
was down. Why? No mystery there on fraudulent wall street that they’ve got
plenty to hide; and, certainly far more beyond the scope of the subpoena. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits
while you still can since there's much worse to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of
it and in fact continues most of the policies that helped get us here in the
first place’ ‘INSIDE JOB’ Ferguson
wins Oscar for Documentary on the unprosecuted massive extant fraud in the
(many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand
that not one high level wall street exec has been prosecuted … despite
‘earning’ billiions from the fraud ).
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Scam
artists run amok Double-digit profits in one day from short-sale investing?
It’s a sign of fraud, not market savviness. (Washington Post) [ Wow! Separating
the wheat from the chaff in terms of fraud on wall street is, owing to
pervasiveness, a job that even Mr. Phelps of ‘Mission Impossible’ fame couldn’t
handle. After all, what isn’t fraudulent on wall street today? Nothing … nada …
zed … zero. Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over objection of
the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized
crime [ this was documented with authority in the book Goombata: The Improbable
Rise and Fall of John Gotti and His Gang John
Cummings
(Author), Ernest
Volkman (Author) Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world combined...
fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are
included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Bernanke:
Setbacks are temporary Fed chairman
suggests economy will accelerate as year progresses despite recent signs of
weakness. Poll:
Obama hits new lows on economy (Washington Post) [ Oh really? Like the
‘no-recession’, helicopter ben? One thing is certain and not temporary; viz.,
the gains for the frauds on wall street at great expense to all from the failed
policies as noted by analyst Andy Bove: ‘Bove also took a hard shot at the
Fed’s Quantitative Easing program calling it “a miserable failure.” ‘
Housing
prices fall 'beats Great Depression slide'... Meredith Whitney Adds 10 New States To Her Sh*t List Bess
Levin Bove:
Fed Is Clueless On Bank Regulations at Forbes Halah Touryalai [ ‘..QE2 was a boondoggle for investors in financial instruments
but had no impact on the economy ‘ . Yeah! Boondoggle, fraud, ongoing fraud /
coverup in the trillions (The Real “Margin” Threat: $600
Trillion In OTC Derivatives, A Multi-Trillion Variation Margin Call, And A
Collateral Scramble That Could Send US Treasurys To All Time Records… ) …
I’d say that’s putting it mildly. ] ‘A
speech on Friday by Federal Reserve Governor Daniel Tarullo has bank analyst
Dick Bove up in arms…
From the note:
The suggestions being made indicate that the Fed has
no understanding:
- Of what caused the
financial collapse
- The current
structure of the banking industry’s balance sheet
- How banks interact
with the economy
- Why QE2 was a
boondoggle for investors in financial instruments but had no impact on the
economy …’
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away!
Minyanville's
T3 Daily Recap: Bearish Close Foreshadows Deeper Correction at
Minyanville The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits
while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon!
Bernanke:
Economy slowing but faster growth ahead- AP [ Well, there you go …
the new maestro, ‘no-recession-helicopter-ben b.s. bernanke’, has
covered all his bases; yes, the economy’s slowing but as well, faster growth
ahead. Nothing to worry about now in this ‘non-zero sum game’; after all,
either / or he’s gotta’ be right … wrong!
Wanted:
Economic policymakers There is a void atop much of the financial arms, with
about a dozen senior positions vacant. (Washington Post) [ How about just
stating as appropriate, there’s a huge void, period. These people, from
‘no-recession-helicopter-ben b.s. bernanke’, to ‘tiny tim geithner’, to ‘wobama
the b (for b***s***)’, to congress, to high,mid,lower level federal employees,
to u.s. executives, etc., haven’t the slightest idea what they’re doing, or
what to do. But, they do know how to throw a great fraud on wall street! Drudgereport: TEMPLETON
chairman: Financial Crisis 'Around Corner'...
'WE
ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
ECONOMIC 'HORROR' AS DATA PLUNGES
Dow
Has Longest Weekly Slump Since '04...
Housing
prices fall 'beats Great Depression slide'... Meredith Whitney Adds 10 New States To Her Sh*t List Bess
Levin Bove:
Fed Is Clueless On Bank Regulations at Forbes Halah Touryalai [ ‘..QE2 was a boondoggle for investors in financial instruments
but had no impact on the economy ‘ . Yeah! Boondoggle, fraud, ongoing fraud /
coverup in the trillions (The Real “Margin” Threat: $600
Trillion In OTC Derivatives, A Multi-Trillion Variation Margin Call, And A
Collateral Scramble That Could Send US Treasurys To All Time Records… ) …
I’d say that’s putting it mildly. ] ‘A
speech on Friday by Federal Reserve Governor Daniel Tarullo has bank analyst
Dick Bove up in arms…
From the note:
The suggestions being made indicate that the Fed has
no understanding:
- Of what caused the
financial collapse
- The current
structure of the banking industry’s balance sheet
- How banks interact
with the economy
- Why QE2 was a
boondoggle for investors in financial instruments but had no impact on the
economy…’
National
/ World
Weiner's
political life dims as lewd photo appears (AP) AP - Embattled New York Rep. Anthony Weiner's prospects for
political survival dimmed precipitously on Wednesday with the appearance on the
Internet of an X-rated photo said to be of the congressman — and the first
calls from fellow Democrats for him to step down. Weiner’s
political survival in doubt Rebuked
by fellow Democrats, the congressman faces a likely House ethics committee
investigation. (Washington Post) [ But his survival as a ‘cyber hot dog’ is
assured. After all, you can’t expect to have everything in this world; you
know, ‘have your hot dog on display and eat it too’. Anthony’s Weiner is
destined to live in infinity; or should I say infamy …]
High Quality Bilderberg 2011 Video & Photos, St.
Moritz Infowars | High quality photos from
Bilderberg 2011 at the Suvretta Hotel in San Moritz taken by Aaron Dykes and
the Infowars team.
Europeans to Converge on Switzerland for Bilderberg Protest Steve
Watson | Alex Jones has called for activists the world over to descend
on the luxury Suvretta House hotel this Saturday at 12 noon.
Breaking: Secret Bilderberg Agenda Leaked by Mole Kurt
Nimmo | Alex Jones and Infowars.com have received inside information
regarding the Bilderberg agenda now unfolding in the idyllic Swiss countryside.
Exclusive: Live Video & Photos from Bilderberg
(Continually Updated) Infowars | Live video feed
and photos from Switzerland.
Intimidating the Media: Bilderberg Security Seize
Infowars Reporter’s Passport Infowars.com | Luke
Rudkowski documents how security at Bilderberg demanded and kept hold of his
passport for over half an hour earlier today.
Bilderbergers May Give Green Light to Mexican Central
Banker as New IMF Boss Kurt Nimmo | Neoliberal
central banker held high-level positions at the Banco de México, World Bank,
International Monetary Fund, and Bank of International Settlements.
Exclusive Reportage Live from Switzerland on the
Bilderbergers Kurt Nimmo | Alex Jones covers the
latest on the elite as they plan our demise behind closed doors.
Holding the President Accountable on Libya Ron
Paul | The president’s attack on Libya was unconstitutional and thus
unlawful.
How
the Egyptian Revolution is Stoking the Cola Wars at Minyanville
Obama
Presses Europe, Pledges Help for Greek Crisis CNBC | Obama offers bailout money for
Greece. [ Why doesn’t he just send them
a u.s. dollar printing press; you know, one of the old ones since only $100
presses are used in the u.s. now. Such largesse, as the bankrupt lead the
bankrupt.]
Report:
Afghan nation-building effort in peril
EXCLUSIVE | Hugely expensive U.S. effort has had only limited success
and may not survive an american withdrawal, according to the findings of a
two-year congressional investigation to be released Wednesday. (Washington
Post) [ Has everybody lost their minds?
‘(Afghanistan) may not survive an american withdrawal’? How about the
reality that Afghanistan might not survive a continued american presence; and,
ditto for the occupiers, viz., defacto bankrupt america hemorrhaging red ink
therefrom and more. I’d call what they’re doing, ‘nation-destroying’ which
reality is not lost on the people affected.… 6th
soldier charged in plot to kill Afghan civilians (WP) Afghanistan’s
Karzai gives U.S. final warning: stop killing civilians Afghan President
Hamid Karzai called on the US military on Sunday to avoid operations that kill
civilians, saying it was his “last warning” to Washington after 14 people
allegedly died in an air strike. … Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations
are regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall. .. Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.;more specifically, diversion of the
masses from the glaring failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Minyanville's
T3 Daily Recap: Bearish Close Foreshadows Deeper Correction at
Minyanville The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits
while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon!
Bernanke:
Economy slowing but faster growth ahead- AP [ Well, there you go …
the new maestro, ‘no-recession-helicopter-ben b.s. bernanke’, has
covered all his bases; yes, the economy’s slowing but as well, faster growth
ahead. Nothing to worry about now in this ‘non-zero sum game’; after all,
either / or he’s gotta’ be right … wrong!
Wanted:
Economic policymakers There is a void atop much of the financial arms, with
about a dozen senior positions vacant. (Washington Post) [ How about just
stating as appropriate, there’s a huge void, period. These people, from ‘no-recession-helicopter-ben
b.s. bernanke’, to ‘tiny tim geithner’, to ‘wobama the b (for b***s***)’, to
congress, to high,mid,lower level federal employees, to u.s. executives, etc.,
haven’t the slightest idea what they’re doing, or what to do. But, they do know
how to throw a great fraud on wall street!
Drudgereport: TEMPLETON chairman: Financial
Crisis 'Around Corner'...
'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
ECONOMIC 'HORROR' AS DATA
PLUNGES
Dow Has Longest Weekly Slump
Since '04...
Housing prices fall 'beats Great
Depression slide'... Meredith Whitney Adds 10 New States To Her Sh*t List Bess
Levin Bove:
Fed Is Clueless On Bank Regulations at Forbes Halah Touryalai [ ‘..QE2 was a boondoggle for investors in financial instruments but
had no impact on the economy ‘ . Yeah! Boondoggle, fraud, ongoing fraud /
coverup in the trillions (The Real “Margin” Threat: $600
Trillion In OTC Derivatives, A Multi-Trillion Variation Margin Call, And A
Collateral Scramble That Could Send US Treasurys To All Time Records… ) …
I’d say that’s putting it mildly. ] ‘A
speech on Friday by Federal Reserve Governor Daniel Tarullo has bank analyst
Dick Bove up in arms.
In a 12-page
note yesterday, the Rochdale Securities analyst said Tarullo’s suggestion on
Friday that systemically important financial institutions (SIFI) should
increase their capital ratios by 20% to 100% above current levels is “a perfect
example of what is wrong” with the Fed’s approach to the banking system.
From the note:
The suggestions being made indicate that the Fed has
no understanding:
- Of what caused the
financial collapse
- The current
structure of the banking industry’s balance sheet
- How banks interact
with the economy
- Why QE2 was a
boondoggle for investors in financial instruments but had no impact on the
economy
When the Fed should have been tightening restrictions
on the banks over the past decade, it loosened them. Now that the economy is
either in a pause or slowing down and the Fed should be easing restrictions on
the banks, it is tightening them. As a consequence, there is now $1.5 trillion
dollars sitting in the Fed earning virtually nothing while unemployment rises
and the economy falters.
It is simply incomprehensible that this nation can be
so poorly served by those people who should be expected to know what they are
doing. Mr. Tarullo’s remarks are so totally absurd that it is difficult to
assume that they will ever be heeded.
Raising banks’ capital ratios will have a horrific
impact on the economy and one similar to 1937 when the Fed increased reserve
ratios twice sending the U.S. back into Depression, Bove argues.
Tarullo said in his speech that he wants the new
capital to come from common equity which means banks would likely have to raise
the money by issuing new common shares. Bove thinks that’s absurd because banks
have already upped their tangible common equity (TCE) as a result of
post-financial crisis regulatory pressure.TCE is at 8.56% of assets, the
highest in 76 years, he says.
Based on the actual data, going back 76 years, the
actions of the banks in the past three years have created one of the safest and
soundest banking systems in American history. The Federal Reserve:
- Does not believe
this
- It has simply not
looked at the historical numbers, or
- It sees a financial
disaster brewing that has yet to be revealed.
The banking industry’s focus on restructuring of
their balance sheets and raising capital has resulted in a lack of loans for
the rest of the economy noting that loans in the banking system fell by $803 billion
or 10.2% from Q3, 2008 to Q1, 2011. “What is clear is that the banking industry
simply stepped out of the economy. It was not providing funds to meet economic
needs. It could not do so given the requirements that were layered upon it.
This also happened in the 1930s and 1940s when bank loans fell to 15.9% of bank
assets and government securities rose to an estimated 61.0%.”
Nontheless, in the worst case scenario under
Tarullo’s suggestion some 20 U.S. banks with more than $50 billion in assets
would have to have tangible common equity ratios of 14% of assets. To get to
this level, which would be $1.386 trillion in dollar terms, they’d have have to
raise $755.7 billion, Bove argues.
“This would require selling 35.3 billion new shares
of stock. The dilution would be 106.5%. Some companies, like Regions Financial (RF/$6.36/Sell) would be thrown out of
business,” he notes.
Bove also took a hard shot at the Fed’s Quantitative
Easing program calling it “a miserable failure.” More from Bove’s Fed-bashing
note:
The Federal Reserve is buying $600 billion in
Treasury Securities under the program’s mandate.
In six months from the end of October last year to
the end of May this year, reserves at the Federal Reserve have jumped by $568
billion and there is still one month to go in QE2. Net free reserves in the
system rose by $532 billion.
These numbers indicate that the banking system never
put the QE2 money to work in the economy. They simply redeposited it back in
the Federal Reserve itself. However, the new money did have one clear impact.
It drove up asset values:
- The S&P 500 has
grown by 13.9% from the end of October to the present; the price of oil is
up 12.6%; and gold is up 13.2%.
- The annualized rate
of inflation in the 4 months to October 2010 as measured by the CPI was
1.4%; the annualized rate in the first four months of this year has been
10.5% (the economy was growing in October of last year and it is slowing
now).
But no need to worry because Tarullo’s suggestion is
so “absurd” that it’s unlikely to even happen, Bove says.
Well, he actually put it more harshly:
No other country in the world, except perhaps
Switzerland, is likely to lose all sense of reality as Mr. Tarullo has. The
United States will not get unanimity for this decision anywhere but in the
academic halls of the U.S. Federal Reserve.
I unfortunately believe these people may have lost
their minds just as the U.S. Congress did when it passed the Dodd/Frank Act.
However, the proposal may be taken seriously by investors. If so it spells
danger for bank stocks. This is because it is likely that some form of this
inane proposal may actually be put in place.’ ‘ ]
Stock
Market Losing Streak Hits Five Days at The Wall Street Journal
RALLY
FADES, DOLLAR SMASHED, NO HELP FROM BERNANKE: Here's What You Need To Know Business
Insider
Top 3 Reasons Markets Crashed After Bernanke Spoke Wall
St. Cheat Sheet June 7, 2011 ‘Markets closed down on Wall Street: DJI -0.16%
SP500 -0.1% Nasdaq -0.04% Gold - 0.19% Oil 0.74% .
On the
commodities front, Oil (NYSE:USO) put on another dollar to close at $98.74, while
precious metals were mixed with Gold (NYSE:GLD) was down slightly to $1,546 and Silver (NYSE:SLV) up 1.15%.
Today’s
markets were down because:
1) Bernanke
admitted the economy was slowing. Well, he admitted it then said he thinks
growth will be back soon. Don’t worry, soon. Although lustful traders were
hoping for some huge QE3 announcement, Bernanke
still gave us more QE 2.5 where the Fed will continue buying securities and
accommodating the financial markets as needed. Can someone say, ZIRP?
2) E3 took the
baton from Apple. Yesterday Apple held the tech spotlight, but today the
exciting video game sector was front and center. Microsoft (NASDAQ:MSFT), Sony (NYSE:SNE), Nintendo and all the big game makers started
pulling back the curtain on what gamers will die for during the holiday season
(Check Out: E3
Wrap Up. And the Winners are …). That’s 180 degrees away from former tech
darling Research in Motion (NASDAQ:RIMM) which
keeps crashing and burning.
3) Another
Economic Advisor gone. Austan Goolsbee will be leaving his position as chairman
of the White House’s Council of Economic Advisers. Wall St. Cheat Sheet
Assistant Editor Emily Knapp explores the deeper question, “Why
is Obama’s Economic Team Bailing Out?” …’
Bernanke
Says Slow Recovery 'Frustrating,' Sticks To Second-Half Optimism at
Forbes
The
US Debt Limit is Out of Control – Exclusive with Liz Claman Wall St.
Cheat Sheet ‘The US is drowning in red ink … and it keeps getting
worse. I caught up with Fox Business anchor Liz Claman to get a Cheat Sheet for
crazy
government spending:
Damien
Hoffmna: Liz, politicians seem to be treating the debt limit like a joke —
we’ve been raising it for decades. How can we get drunken sailors to limit the
bottles at the bar?
Liz Claman: I
wouldn’t say anyone in Washington is treating it like a joke. They’re truly
nervous about it because they don’t know what will happen if we don’t raise the
debt ceiling. What I would say is that neither side is getting serious at ALL
about cutting spending. The Republicans said, “We’ll raise it but only if you
marry that with spending cuts.” They started out strong.
Rep. Paul Ryan
came up with a good starting point but Democrats pounced on it saying it would
cut too much from Medicare/Medicaid. His Republican brethren were fine with it
until they heard from their constituents who flipped out, yelling, “Why should
our Medicare get cut? Tax the wealthy.” In the end, everyone wants to get
reelected instead of doing the right — and obviously painful — thing. Cut
Medicare and Medicaid…’ [ How ‘bout the obvious, unpainful thing; viz.,
prosecute the big frauds on wall street and get disgorgement in the hundreds of
billions (though the ongoing extant fraud is in the trillions. ]
How
the Second-Mortgage Crisis is Gaining MomentumWall St. Cheat Sheet
Down Goes Asia? at
Minyanville Lloyd Khaner Jun 07, 2011 ‘The threat of a meltdown in Asia is just one
of 19 worries facing investors this week. ‘LLOYD'S WALL OF WORRY The debt crisis in Europe is causing waves
in Asia, where major clothing and electronics makers, and others who rely on a
strong Eurozone market, are seeing share prices drop or wobble. At home, the US
debt ceiling problem is quickly becoming "a lose-lose situation," and
other issues -- the housing crisis, unemployment and the fast-approaching end
of QE2 -- have investors "freaked." So this week Lloyd's Wall of Worry remains high, at 19 blocks. New
fears -- the risk
of a catastrophic policy mistake, and the possibility of a meltdown in Asia --
have replaced last week's concerns about currencies and the IMF…:
QE II: My wife says what’s all the hub-bub about the QE II? “It’s a really
lovely ship. With bingo on the Lido deck and lots of well dressed people with
cool accents from all over the world.” God, I love that woman!
U.S. ECONOMY: Let’s not have everyone panic because we got one or two -- or
six -- weak economic reports. Though hopefully a few key people will panic
and “FIX IT!” (From the 2:18 mark.)
UNEMPLOYMENT: “The long and winding road, that leads, to your door…” from the
unemployment office.
Getting sad and tough and mean and nasty and real out there.
U.S. DEBT CEILING: No doubt about it, we are rapidly building another
“lose-lose” situation here. We don’t raise it, we lose credibility. We do raise
it, we lose credibility.
INVESTOR SENTIMENT: The professional traders are so freaked that they’re
wearing straight jackets to work. Amateur traders would do the same but they
lost theirs trading
against the pros.
HOUSING CRISIS: I’d say let’s just hit the fast forward button to the end of
this mess, but I’m afraid that at my age I would look ridiculous in the Mad
Max-wear we’re all destined to be donning.
INFLATION: India, strong in many ways but not known to be #1 in any one
economic sector until now. It has just landed that coveted top spot as the
Asian economy with the highest inflation, fueled by an estimated average salary
increase of 13% in 2011.
STOCK MARKET TECHNICALS: Went to one of those Spiritual Readers and Advisors to
get the answer to this technical mayhem. I was next in to meet with “Wilomena
of Wall Street” when my appointment got canceled. She picked up 1,000 LinkedIn
IPO shares
and flipped them, thus declaring huge profits and retirement. The market
mystery continues.
FLOODS, TORNADOES, VOLCANOES: Massachusetts takes a massive tornado in the
chops!?! This ain’t just weird. It’s wicked pissah weird!
OIL PRICES: Frack This! Frack That! Frack Me! Frack You! Pardon my language but
I’ll say anything to get the fracking price of oil down.
ARAB SPRING: Don’t look now but spring is about to turn to summer. Summer can
be warm, sunny and bright or hot and blazing with fight. As the Zen Master
says, “We’ll see.”
LIBYA:
Congressional patience running short, our involvement running long. Bad combo.
JAPAN: It may be an island physically but with the third largest economy in the
world, it isn’t an island economically.
CHINA: Four interest rate hikes plus eight reserve increases equals twelve taps
on the economic brakes. Let’s hope lucky No. 13 doesn’t slip into a stomp
that gives all of us whiplash.
ASIAN ECONOMIES: Channeling the voice of the legendary sportscaster Howard
Cosell, “Down goes Asia! Down goes Asia! Down goes Asia!”
MARGIN DEBT: It’s high, too high. And it’s in weak hands, too weak.
SOVEREIGN DEBT: Playing our like a Greek tragedy, with real Greeks, real
tragedy and every economic player in the world as the chorus. I hereby dub
thee, “The Defaultedes!”
COMMODITIES: You know the market is rough when even the most manipulated financial
assets in the world can’t be artificially spiked skywards.
POLICY MISTAKE: Like walking a tight rope carrying a tray of pyramid-stacked
champagne glasses during hurricane season without net. The world’s major
economic powers cannot afford even a slight slip-up. I can’t watch…’
China May Dump Dollar USA
Today & CNBC | The dollar fell to a one-month low against a basket
of currencies on Tuesday .
Gold
firms as dollar slides to one-month low Reuters | Gold
firmed on Tuesday as the dollar slid to a one-month low
GM chief
pushing for higher gas taxes Detroit News | Dan Akerson
wants the federal gas tax boosted as much as $1 a gallon,
IMF
rolls out $3 BLN bailout to push Mubarack’s men to top of pyramid International
bankers are preparing to hand out a massive loan to Egypt’s temporary leaders,
just months after praising the financial growth overseen by the FORMER regime.
Comex
Physical Silver Drops To Fresh All Time Low Of 28.8 Million Ounces, 3% Drop
Overnight, 30% Drop In Six Weeks When we first started paying attention to
the physical (“Registered”) silver held in COMEX warehouses on April 20
following the explosion in the silver price, the total amounted to just over 41
million ounces.
Daily
economic briefings disappear from Obama’s White House schedule At some
point during the first two years of his administration, President Obama stopped
receiving the daily economic briefing that he requested when he took office.
True
Cost of Fannie, Freddie Bailouts: $317 Billion, CBO Says The Congressional
Budget Office (CBO) says the real cost of the federal government guaranteeing
the business of failed mortgage giants Fannie Mae and Freddie Mac is $317
billion — not the $130 billion normally claimed by the Obama administration. Goldman
Sachs subpoenaed Report says firm’s mortgage-related investments enabled
the company to profit while clients lost money. (Washington Post) [ Their stock
was down. Why? No mystery there on fraudulent wall street that they’ve got
plenty to hide; and, certainly far more beyond the scope of the subpoena. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits
while you still can since there's much worse to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billiions from the fraud ). UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Selling
In May Is Very Good Advice This Year Harding
/ Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.
Defacto bankrupt, fraudulent america also spends more on military
spending than all the nations of the world combined... federal employees /
contractors, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ).
National / World
Obama's rating on economy hits new low: poll (Reuters)
Obama: No fears of double-dip recession (AP) [He’s so ‘brave’,
he has no fear; and, after all, look at all his wars … yet, reality reality
proves he’s all b***s***, that ‘wobama the b’(for b***s***). Daily
economic briefings disappear from Obama’s White House schedule (I personally believe wobama doesn’t
understand economics.) Madoff
employee pleads guilty Documents charged Eric Lipkin, a former employee,
with helping Madoff perpetrate his epic Ponzi scheme. (Washington Post) [ ‘Tiny
taters’! Yet, there are loads of such fraudulent interrelationships on
fraudulent wall street, part and parcel of the last and ongoing ubiquitous
fraud; albeit too big to fail or jail despite intimations to the contrary. Goldman
Sachs subpoenaed Report says firm’s mortgage-related investments enabled
the company to profit while clients lost money. (Washington Post) [ Their stock
was down. Why? No mystery there on fraudulent wall street that they’ve got
plenty to hide; and, certainly far more beyond the scope of the subpoena. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits
while you still can since there's much worse to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billiions from the fraud ). UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown.
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Scam
artists run amok Double-digit profits in one day from short-sale investing?
It’s a sign of fraud, not market savviness. (Washington Post) [ Wow! Separating
the wheat from the chaff in terms of fraud on wall street is, owing to
pervasiveness, a job that even Mr. Phelps of ‘Mission Impossible’ fame couldn’t
handle. After all, what isn’t fraudulent on wall street today? Nothing … nada …
zed … zero. Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over objection of
the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized
crime [ this was documented with authority in the book Goombata: The Improbable
Rise and Fall of John Gotti and His Gang John
Cummings
(Author), Ernest
Volkman (Author) Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Major Swiss Newspaper Gives Bilderberg Front Page
Coverage Steve Watson | An influential Swiss daily
newspaper has today awarded front page coverage to stories on this week’s
secretive elite Bilderberg meeting.
Top Bilderberger: Eurozone Collapse Threatens Global
Currency Agenda Paul Joseph Watson | Harvard
Professor reveals globalists are panic-stricken about Greece debt default
threat to survival of single currency.
Are Ridiculous Airport Security Measures Killing Airline
Profits? The American Dream | Over the past couple
of years, the attitude of U.S. consumers towards flying has shifted dramatically.
Whole Foods admits its organic foods contain genetically
modified ingredients Natural News | Genetically
modified foods have become so ubiquitous in the US that even the grocery store
‘Whole Foods’ now admits it cannot keep biotech foods off its shelves.
10 Tipping Points Which Could Potentially Plunge The
World Into A Horrific Economic Nightmare The Economic
Collapse | The global economy has become so incredibly unstable at
this point that it is not going to take much to plunge the world into a
horrific economic nightmare.
Drone surveillance in the US? Alex Jones says ‘the whole
world is in danger’ RT | As the US plans to
increase drone aircraft usage abroad, now law enforcement in the States is
getting ready to adopt robotic planes back home for surveillance purposes.
Proposed
New Airport Checkpoints Include Iris Recognition, In Built Full body Scanners Anyone
whose behaviour raised concern – such as a passenger buying a one way ticket in
cash – would go through a different channel which would also feature a full
body scanner.
Dollar
Index at 1-Month Low as China Warns on US Assets The dollar fell to a
one-month low against a basket of currencies on Tuesday and a record low
against the Swiss franc after a Chinese official said the greenback would
continue to weaken versus other major currencies.
Obama’s
rating on economy hits new low: poll Americans’ disapproval of how
President Barack Obama is handling the economy and its growing budget deficit
has reached new highs amid broad frustration over the slow pace of economic
recovery, according to a Washington Post-ABC New poll released on Tuesday.
Top
Bilderberger: Eurozone Collapse Threatens Global Currency Agenda A top
Bilderberg member has revealed that globalists are panic-stricken about a
potential eurozone crisis caused by a Greek debt default that could precipitate
the collapse of the Euro and also derail the wider agenda for multi-regional
currency unions and eventually a global currency system.
10
Tipping Points Which Could Potentially Plunge The World Into A Horrific
Economic Nightmare The global economy has become so incredibly unstable at
this point that it is not going to take much to plunge the world into a
horrific economic nightmare.
Drone
surveillance in the US? Alex Jones says ‘the whole world is in danger’ As
the US plans to increase drone aircraft usage abroad, now law enforcement in
the States is getting ready to adopt robotic planes back home for surveillance
purposes. While drone usage is expected to be expanded in America by 2013,
Infowar’s Alex Jones says that in some states it has already been happening for
years. All
misquotes are not created equal For politicians, the power of a historic quote
is alluring. Whether it has to be accurate is another thing. Fact
Checker: Sarah Palin’s midnight ride (Washington Post) [ Yeah! She’s all that … dumb! The joke that
keeps on giving … particularly to SNL among other late-night comic fare … yet,
the ‘pizza klatch’ with the other fake reality show joke that keeps on giving,
t_rump, part of that new york / new jersey metro sinkhole, made for the 2 for 1 comedic concentration that
was ‘free-for-all’ … to see. Why
we read Palin’s tell-all The
underlying interest says something more primal than simply our fascination with
Mama Grizzly. (Washington Post) [ I’d say it’s more of a curious fascination
with the ‘new american dumb’. After all, who can deny the boost she got from
SNL’s Tina Fey’s impresarios highlighting same. Yet, in comparison with and
juxtaposed to the rest of the Washington field (mccain, bush, wobama, et als),
she’s got plenty of cover / camouflage.
Send to a friendSarah Palin: Don't pick on Donald Trump
Politico - Even though Donald Trump has wholeheartedly embraced
the wall-to-wall media coverage that's come with his promotion of the widely
discredited “birther” issue, Sarah Palin argued Tuesday that the press is
treating him ... Trump's business success claims questioned CBS News ‘…Trump hotels and casinos in Atlantic City have filed
for bankruptcy protection three times. While Trump blamed market forces, he has
long been chairman of the board for the casino businesses.In his defense, Trump
said he "didn't run the company." Isikoff then asked why he was paid
$2 million per year to chair the board of that business. Trump replied:
"Excuse me. Because I'm a genius, okay."Trump said many different
businesses license the use of his name, but he's not directly involved in their
operations.Casinos have not been the only weakness in the Trump empire. There
have been many high profile bankruptcy filings, bad real estate deals, and a
trail of ongoing lawsuits accusing him of bad business practices.Another
questionable move was "Trump University," an online, for-profit
business education firm. The attorney general in Texas ordered him to stop
using the word "university" in its title. Trump said his company was
unaware of restrictions on the use of that word.Isikoff also said he asked
Trump if he thought the state of Hawaii was lying in regards to Obama being
born there, and he did not answer the question. In summation of his experiences
that qualify him to be President of the United States, Trump told Isikoff:
"My successes...have been vast. I don't even view myself as having
failures, and I certainly learned from things that don't work out as
well." ‘ As Trump rants, TV ratings slide Tampabay.com Parker:
The GOP plays a crazy Trump card (Washington Post) [ I don't know what polls
Ms. Parker's referring to; but unless she's referring to mobster trump
apprentice news (trump was fired from his own casino company), that certainly
doesn't comport with polls I've read. Moreover, like palin, trump's the joke
that keeps on giving (for SNL, late-night talk hosts, etc.) ...’ ‘The
picture was of me, and I sent it’
In an extraordinary reversal at an extraordinary news conference, N.Y.
Rep. Anthony Weiner said that he had in fact sent multiple inappropriate
messages to multiple women but that he had done nothing illegal and would not
resign. (Washington Post) [ Yes, indeedy! It was Tony’s weeny! Anthony’s
Weiner! Drudgereport: WHACKED, NOT HACKED!
'Used govt.
resources'...
Breitbart: 'I Want To Hear
Truth'...
6 'inappropriate'
relationships...
ABCNEWS: Mystery Woman
Revealed...
HER STORY...
Risqué Online Chats, Photo
Swaps...
SLIDESHOW...
VIDEO: 'Web of lies'...
TWITTER TEARS:
WEINER ADMITS
REPORT: Woman claims to have
200 explicit messages from NY Dem...
IT MIGHT BE MY WEINER! REPORT: WEINER'S TALE
UNRAVELING... By Daniel Libit Sunday,
June 5, 2011 ‘As the world has attempted to make sense of Rep. Anthony Weiner’s
claim that his Twitter account was hacked, a key clue has been missing: exactly
how the notorious groin pic was posted online. But according to data provided
exclusively to The Daily from TweetCongress.org, a nonprofit website that
captures each member of Congress’s Twitter feeds in real time, the shot seen
round the world was transmitted using TweetDeck — a popular Adobe desktop
application that links up with social networking sites. A review of Weiner’s
Twitter stream from May 27, the day of the crotch pic, shows that Weiner had
been posting only from TweetDeck — one of many ways to post messages to Twitter
— that entire night. Chet Wisniewski, a senior security adviser at security
software company SophosLabs, said the TweetDeck stamp “does make it more
plausible that it did come from him.” Weiner used TweetDeck frequently, but he
often also posted from the Web directly or from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have
been hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP)
- After days of denials, a choked-up Rep. Anthony Weiner confessed Monday
that he tweeted a photo of his bulging underpants to a young woman, and he also
admitted to "inappropriate" excha...’ Tearful US congressman admits to crotch photos (AFP) ]
'This Could Be The End For
Him'...
'Have You Ever Taken A
Picture Like This Of Yourself?'...
WEINER CALLS COPS ON CBS WASHINGTON (CBSNewYork) — ‘Congressman Anthony
Weiner said Thursday he’s finished talking about the lewd photo sent from his
Twitter account.But he still wouldn’t say whether
he’s the one in the picture.So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some answers.You’ll
never believe what happened.Kramer tried to get an interview with the six-term
New York Democrat and as a result had the cops called on her.Kramer walked in
to Weiner’s office, announced herself as being from CBS 2 in New York City and
said she’d like to see the congressman. Those few words created quite the stir.
Doors slammed and people pretended she wasn’t there ...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’!
‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect
from national drain / sinkhole new york (new york / new jersey metro). I
haven’t read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over objection of
the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized
crime [ this was documented with authority in the book Goombata: The Improbable
Rise and Fall of John Gotti and His Gang John
Cummings
(Author), Ernest
Volkman (Author) Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Democratic
change in Bahrain does not serve US interests: Kissinger Former US
secretary of state Henry Kissinger emphasized that a democratic change in
Bahrain did not serve the interests of his country, highlighting once again the
western double standard towards the Arab revolt, the daily Die Welt reported
Monday. Poll:
Support for Afghan war rises
Finding may give Obama breathing room as he decides how many troops to
withdraw from in July. (Washington
Post) [ Ah, riiiiight! Living proof that americans are not only dumb as h**l,
but masochistic as well! After all, pervasively corrupt america is defacto
bankrupt, with all that that portends for americans in the most negative
sense. Drudgereport:
TEMPLETON chairman: Financial
Crisis 'Around Corner'... 'WE ARE ON THE VERGE OF A
GREAT, GREAT DEPRESSION...'
ECONOMIC 'HORROR'
AS DATA PLUNGES Dow Has Longest Weekly Slump
Since '04... Housing prices fall 'beats
Great Depression slide'... . Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING
FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan; indeed they are. [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (WaWP) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
FLASHBACK:
Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ignore cases that involve black defendants
and white victims Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised
to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
]
Are
Ridiculous Airport Security Measures Killing Airline Profits? Over the past
couple of years, the attitude of U.S. consumers towards flying has shifted
dramatically. Once upon a time most Americans looked forward to flying, but
thanks to rising airfares, horrific fees and ridiculous airport security
measures that has changed.
FDA
sends US marshals to seize elderberry juice concentrate, deems it ‘unapproved
drug’ Wyldewood Cellars, a Kansas-based producer and distributor of
elderberry juice, is the latest raid target of the US Food and Drug
Administration (FDA), which recently sent US marshals to the company’s winery
in Mulvane to confiscate the “unapproved drug.”
Japan
Finally Admits TOTAL Meltdown at 3 Nuclear Reactors Within Hours of Earthquake
… And More Than DOUBLES Estimate of Radiation Released After Accident For
months, Tepco and Japanese officials refused to admit that there had been any
meltdowns at Fukushima.
Israeli forces kill 18 protesters: Syrian TV (Reuters)
Drudgereport: TEMPLETON chairman: Financial
Crisis 'Around Corner'...
'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
ECONOMIC 'HORROR' AS DATA
PLUNGES
Dow Has Longest Weekly Slump
Since '04...
Housing prices fall 'beats
Great Depression slide'...
Bove:
Fed Is Clueless On Bank Regulations at Forbes Halah Touryalai [ ‘..QE2 was a boondoggle for investors in financial instruments
but had no impact on the economy ‘ . Yeah! Boondoggle, fraud, ongoing fraud /
coverup in the trillions (The Real “Margin” Threat: $600
Trillion In OTC Derivatives, A Multi-Trillion Variation Margin Call, And A
Collateral Scramble That Could Send US Treasurys To All Time Records… ) …
I’d say that’s putting it mildly. ] ‘A
speech on Friday by Federal Reserve Governor Daniel Tarullo has bank analyst
Dick Bove up in arms.
In a 12-page
note yesterday, the Rochdale Securities analyst said Tarullo’s suggestion on
Friday that systemically important financial institutions (SIFI) should
increase their capital ratios by 20% to 100% above current levels is “a perfect
example of what is wrong” with the Fed’s approach to the banking system.
From the note:
The suggestions being made indicate that the Fed has
no understanding:
·
Of what caused the
financial collapse
·
The current
structure of the banking industry’s balance sheet
·
How banks interact
with the economy
·
Why QE2 was a
boondoggle for investors in financial instruments but had no impact on the
economy
When the Fed should have been tightening restrictions
on the banks over the past decade, it loosened them. Now that the economy is
either in a pause or slowing down and the Fed should be easing restrictions on
the banks, it is tightening them. As a consequence, there is now $1.5 trillion
dollars sitting in the Fed earning virtually nothing while unemployment rises
and the economy falters.
It is simply incomprehensible that this nation can be
so poorly served by those people who should be expected to know what they are
doing. Mr. Tarullo’s remarks are so totally absurd that it is difficult to
assume that they will ever be heeded.
Raising banks’ capital ratios will have a horrific
impact on the economy and one similar to 1937 when the Fed increased reserve
ratios twice sending the U.S. back into Depression, Bove argues.
Tarullo said in his speech that he wants the new
capital to come from common equity which means banks would likely have to raise
the money by issuing new common shares. Bove thinks that’s absurd because banks
have already upped their tangible common equity (TCE) as a result of
post-financial crisis regulatory pressure.TCE is at 8.56% of assets, the
highest in 76 years, he says.
Based on the actual data, going back 76 years, the
actions of the banks in the past three years have created one of the safest and
soundest banking systems in American history. The Federal Reserve:
·
Does not believe
this
·
It has simply not
looked at the historical numbers, or
·
It sees a financial
disaster brewing that has yet to be revealed.
The banking industry’s focus on restructuring of
their balance sheets and raising capital has resulted in a lack of loans for
the rest of the economy noting that loans in the banking system fell by $803
billion or 10.2% from Q3, 2008 to Q1, 2011. “What is clear is that the banking
industry simply stepped out of the economy. It was not providing funds to meet
economic needs. It could not do so given the requirements that were layered
upon it. This also happened in the 1930s and 1940s when bank loans fell to
15.9% of bank assets and government securities rose to an estimated 61.0%.”
Nontheless, in the worst case scenario under
Tarullo’s suggestion some 20 U.S. banks with more than $50 billion in assets
would have to have tangible common equity ratios of 14% of assets. To get to
this level, which would be $1.386 trillion in dollar terms, they’d have have to
raise $755.7 billion, Bove argues.
“This would require selling 35.3 billion new shares
of stock. The dilution would be 106.5%. Some companies, like Regions Financial (RF/$6.36/Sell) would be thrown out of
business,” he notes.
Bove also took a hard shot at the Fed’s Quantitative
Easing program calling it “a miserable failure.” More from Bove’s Fed-bashing
note:
The Federal Reserve is buying $600 billion in
Treasury Securities under the program’s mandate.
In six months from the end of October last year to
the end of May this year, reserves at the Federal Reserve have jumped by $568
billion and there is still one month to go in QE2. Net free reserves in the
system rose by $532 billion.
These numbers indicate that the banking system never
put the QE2 money to work in the economy. They simply redeposited it back in
the Federal Reserve itself. However, the new money did have one clear impact.
It drove up asset values:
·
The S&P 500 has
grown by 13.9% from the end of October to the present; the price of oil is up
12.6%; and gold is up 13.2%.
·
The annualized rate
of inflation in the 4 months to October 2010 as measured by the CPI was 1.4%;
the annualized rate in the first four months of this year has been 10.5% (the
economy was growing in October of last year and it is slowing now).
But no need to worry because Tarullo’s suggestion is
so “absurd” that it’s unlikely to even happen, Bove says.
Well, he actually put it more harshly:
No other country in the world, except perhaps Switzerland,
is likely to lose all sense of reality as Mr. Tarullo has. The United States
will not get unanimity for this decision anywhere but in the academic halls of
the U.S. Federal Reserve.
I unfortunately believe these people may have lost
their minds just as the U.S. Congress did when it passed the Dodd/Frank Act.
However, the proposal may be taken seriously by investors. If so it spells
danger for bank stocks. This is because it is likely that some form of this
inane proposal may actually be put in place.’
Goldman
Sachs subpoenaed Report says firm’s mortgage-related investments enabled
the company to profit while clients lost money. (Washington Post) [ Their stock
was down. Why? No mystery there on fraudulent wall street that they’ve got
plenty to hide; and, certainly far more beyond the scope of the subpoena. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits
while you still can since there's much worse to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billiions from the fraud ). UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Selling
In May Is Very Good Advice This Year Harding
/ Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.
Defacto bankrupt, fraudulent america also spends more on military spending
than all the nations of the world combined... federal employees / contractors,
cia, all 3 branches of the u.s. government, etc., are included in this evolved
american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ).
Meredith Whitney Adds 10 New States To Her Sh*t List Bess Levin
‘ The Dollar Dominatrix has
issued a new state budget and debt report and Arizona, Nevada, Connecticut,
Wisconsin? Might want to run. (Also, re last year’s prediction on muni bond
defaults- she was just ball-parking, no one should’ve taken those numbers at
face value.)
Whitney tells Fortune she never meant to make more
than a general forecast. “I never intended on framing the scale of defaults as
a precise estimate, but I continue to believe that degree of municipal defaults
will be borne out over the cycle. I meant to point out that the state debt
problem is a massive headwind for the U.S. economy, second in importance only
to housing.”
[...]
Whitney’s latest report is even more thorough than
last year’s analysis that started the uproar. It covers 25 of the largest
states, adding ten new ones to the list, including Arizona, Nevada, Connecticut,
and Wisconsin. The problem starts with spending. Since 2003, state governments
have raised annual outlays from $1.5 trillion to almost $2.2 trillion, or $700
billion, yet tax receipts have risen only $400 billion or $300 billion less, to
$1.4 trillion. In fact, spending kept surging all during the recession, while
income from sales, income and corporate taxes went totally flat in 2007.
M-Dubs doesn’t put everyone on notice, however.
Whereas Connecticut receives one whip of the cat-o-nine-nails for every dollar
over budget, Indiana, which gets a pat on the head and a scratch behind the
ears, is dubbed a “model citizen.”
Meredith
Whitney State Finances Are Worst Than Estimated [Fortune via Katie Benner] ‘
Economic
news breaks Obama’s momentum Just as things seemed to be swinging in his
favor, a weak jobs report and a renewed drop in housing prices present new
challenges to reelection bid. (Washington Post) [ Momentum? … What parallel
universe are these people living in. Wobama’s already a failed president. Like
‘unringing a bell’, wobama’s failed presidency cannot be undone. After all, his
undoing was his own doing; the minute he began reneging on campaign promises
which were made because they needed doing. But, clearly, wobama’s not alone in
his failure: Milbank:
Congress clocks in to clock out (WP) [
‘... In a sense, the Senate has been in a pro-forma session all year…’
Now who’s being charitable … I’d say Mr. Milbank in his euphemistic description
supra as well as his unflinching
defense of wobama the b (for b***s***) despite wobama’s reneging on
virtually all his campaign promises / rhetoric to the nation’s unequivocal
detriment. It is Mr. Milbank, journalistically speaking, who as well clocks in
to clock out. Simply put, wobama is nothing less than the worst of the
democratic platform combined with the worst of the republican platform. At near
single digit approval rates for congress, I find it difficult to imagine a
realistic approval rate for wobama exceeding same. Davis ‘This is
how we pay off our current debts and I think bondholders are simply happy to
get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘
Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan; indeed they are. [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (WaWP) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
FLASHBACK:
Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ignore cases that involve black defendants and
white victims Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised
to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
]
Scam
artists run amok Double-digit profits in one day from short-sale investing?
It’s a sign of fraud, not market savviness. (Washington Post) [ Wow! Separating
the wheat from the chaff in terms of fraud on wall street is, owing to
pervasiveness, a job that even Mr. Phelps of ‘Mission Impossible’ fame couldn’t
handle. After all, what isn’t fraudulent on wall street today? Nothing … nada …
zed … zero. Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over objection of
the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized
crime [ this was documented with authority in the book Goombata: The Improbable
Rise and Fall of John Gotti and His Gang John
Cummings
(Author), Ernest
Volkman (Author) Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline and
fall. Global information exchange at lightning speed has made such throwbacks
to a lost era, propaganda, and maladaptive traits foolish at best, deadly at
worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian
approach fostered by the purveyors of global unrest; viz., israel, america,
Orwellian england, etc..; more specifically, diversion of the masses from the
glaring failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Will
the Fed do QE3? As soon as the disappointing jobs report crossed the wires,
the Wall Street chatter began to speculate. (Washington Post) [ Well, we all
know that nothing succeeds quite like failure in america; you know, that new
normal for pervasively corrupt, defacto bankrupt america. Yes, we all know that
QE has been a dismal and costly failure unless the measure of success is the
increased wealth of the frauds on wall street; after all, as with this still
extant financial crisis (toxic assets/paper/securities cashed out and still out
there in the trillions though now marked to anything as per legislated mandate
/ complicity / FASB rule change) , your dollars actually and ultimately
financed their ill-gotten gains which never seem to translate into the promised
job, economic gains and go on despite well-founded, prominent warnings that the
same will not succeed and have, as warned, exacerbated that which was meant to
be cured. JOBS REPORT MUCH WORSE THAN EXPECTED! Previous day: Economic
outlook hinges on jobs report Beware
the next big fraud When will we see
the next big fraud and a massive burst in the secondary markets bubble? Not
soon enough, I fear. (Washington Post) [ Next? How ‘bout we’re still in the
midst of that continuing multi-trilliion dollar fraud marked to anything … The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), Billion
Dollar Fund Managers Agree: The Government Never Fixed the Underlying Economic
Problems, So We’ll Have Another Crash infowars.com While the snake oil salespeople at the retail
investing level and the bobble heads on the kool aid selling financial channels
have been saying for years that we’re in a “recovery” (albeit a slow one),
billion dollar fund managers say that nothing has changed and we’ll have
another crash … Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of
it and in fact continues most of the policies that helped get us here in the
first place’ ‘INSIDE JOB’ Ferguson
wins Oscar for Documentary on the unprosecuted massive extant fraud in the
(many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand
that not one high level wall street exec has been prosecuted … despite
‘earning’ billions from the fraud ).
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great opportunity
to sell / take profits while you still can since there's much worse to
come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But that
ratio — which has spiked recently — is extraordinarily high, one might even say
off-the-chart.] ]
20
Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over
The
Economic Collapse | We are
still in the middle of a full-blown economic crisis and things are about to get
even worse.
Street
Extends Losing Streakat Forbes
Minyanville's
T3 Daily Recap: Market Slammed Again, Led Down by Chinese Stocks at
Minyanville
[video]Market
Slams a Lacking Jobs ReportTheStreet.com TV ‘A deeply
disappointing non-farm payrolls report has put the brakes on the recovery.’
Bill
Gross Holds His Ground: Treasuries Will Burn You...Slowly
Economic Risk Continues to Increase
Global Markets Staring Into the Abyss
Dollar,
Safe Haven No More? at The Wall Street Journal Leivisohn ‘Is
the dollar’s safe haven status a thing of the past? [Yes!] It was for at least one week, according to Nomura
currency strategist Jens Nordvig. In a report this morning, Mr. Nordvig noted
that the recent strong tendency of the dollar and the S&P 500 to move in
opposite directions was nowhere to be seen last week, even as the S&P 500
dropped for the fifth consecutive week…’
http://finance.yahoo.com/news/This-Employment-Ratio-34-Year-wscheats-2271160620.html?x=0&.v=1 This Employment Ratio is at a 34 Year Low
1 Wall St. Cheat
Sheet June 3, 2011 ‘A disappointing
increase of only 54,000 jobs was accompanied by an unemployment rate for May of
9.1%, up from the previous month’s 9.0%. The briefing.com consensus was for
9.0% and their own estimate was for 9.1%. The employment-to-population ratio is
hovering around levels first seen in November 1977.
Here is the lead paragraph from the Employment
Situation Summary released this morning by the Bureau of Labor Statistics:
Nonfarm payroll employment changed little (+54,000)
in May, and the unemployment rate was essentially unchanged at 9.1 percent, the
U.S. Bureau of Labor Statistics reported today. Job gains continued in
professional and business services, health care (NYSE:XLV), and mining
(NYSE:XLB). Employment levels in other major private-sector industries were
little changed, and local government employment continued to decline.
The unemployment peak for the current cycle was
10.2%, one year ago in October 2009. The chart here shows the pattern of
unemployment, recessions and both the nominal and real (inflation-adjusted)
price of the S&P Composite (NYSE:SPY) since 1948.
Unemployment is usually a lagging indicator that
moves inversely with equity prices (See first chart below). Note the increasing
peaks in unemployment in 1971, 1975 and 1982. The inverse pattern becomes
clearer when viewed against real (inflation-adjusted) S&P Composite, with
its successively lower bear market bottoms. The mirror relationship seems to be
repeating itself with the current and previous bear markets.
Chart http://dshort.com/charts/unemployment-SP-Composite-since-1948.gif
The second chart shows the unemployment rate for the
civilian population unemployed 27 weeks and over. The May number is 4% — down
from December’s adjusted 4.1%. This measure gives an alternate perspective on
the relative severity of economic conditions. As we readily see, this metric is
significantly higher than the peak in 1983, which came six months after the
broader measure topped out at 10.8%.
Chart http://dshort.com/charts/unemployed-27-weeks-SP-Composite-since-1948.gif
The inverse correlation between the two series is
obvious. We can also see the accelerating growth of two-income households in
the early 1980′s. The recent ratio low of 58.2% in November 2010 and
December 2009 was a level not seen since August 1983. In fact, those recent
lows were almost back to the 58.1% ratio of March 1953, when Eisenhower was
president, the Korean War was still underway, and rumors were circulating that
soft drinks would soon be sold in cans. The latest ratio, for May 2011, is
58.4%, unchanged from last month.
The employment-population ratio will be interesting
to watch going forward. The first wave of Boomers will be a downward force on
this ratio. The oldest of them were eligible for early retirement when the
Great Recession began, and the Boomer transition to the retirement will
accelerate over the next several years.
The third chart is one of my favorites from CalculatedRisk.
It shows the job losses from the start of the employment recession, in
percentage terms compared to all recessions since 1948. Note the addition of
the dotted-line alternative for the current cycle, which shows unemployment
excluding the temporary census hiring.
Chart http://cr4re.com/charts/chart-images/JobLossesRecessionMaxMay2011.jpg
The start date of 1948 was determined by the earliest
monthly unemployment figures collected by the Bureau of Labor Statistics. The
best source for the historic data is the Federal Reserve Bank of St. Louis.
Here is a link to a Google source for customizable
charts on US unemployment data (not seasonally adjusted) since 1990. You can
compare unemployment at the national, state, and county level.
Doug Short Ph.d is the author of dshort.com.’
9
Reasons Markets Trended Down this WeekWall St. Cheat Sheet
Peter
Schiff: ‘US economy heading for disaster’ “We are heading for a huge
disaster,” says Euro Pacific Capital President Peter Schiff. As the US dips
from a recession to a depression, Schiff says, America needs to stop borrowing
money if they want to prevent driving off the proverbial cliff.
New
Decentralized Currency Stimulating Underground Barter Economy New grassroots
cyber currency, the Bitcoin, may provide the perfect vehicle to operate outside
the establishment economy and snub the all-powerful banking cartels — it’s
decentralized, quasi-anonymous, and its supply is regulated by an algorithm to
actually create deflation over time.
More
Americans Think Economy Will Never Recover The mixed signals regarding the
economy’s health are taking a toll.
Ron
Paul: “Barack Obama and the big government crowd are destroying our economy” Today,
a spokesman for Congressman Ron Paul’s 2012 Republican presidential campaign
remarked on the most recent U.S. jobs report and the state of the American
economy. See comments below.
Towards a
Worldwide Inflationary Depression According to our calculations we have
been in an inflationary depression since February of 2009. Everyone looks back
on the deflationary depression of the 1930s as a benchmark or a reference.
OPEC
Upstaged by Qaddafi in Most-Hostile Meeting Since Gulf War OPEC’s decision
on production quotas this week may be complicated by hostilities in Libya as
members meeting in Vienna find themselves supporting opposing camps of a
military conflict for the first time in 21 years.
Questioned
by Paul, Fed denies any interest in gold True to his word to when he met a
GATA delegation in Washington a week ago, U.S. Rep. Ron Paul, R-Texas, chairman
of the House Subcommittee on Domestic Monetary Policy, has begun asking the
Federal Reserve questions about gold swaps.
China
Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills China has
dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its
ownership of the short-term U.S. government securities from a peak of $210.4
billion in May 2009 to $5.69 billion in March 2011, the most recent month
reported by the U.S. Treasury.
Ron
Paul Interview About Debt Ceiling, Spending Republican presidential
candidate Ron Paul talks with Bloomberg’s Al Hunt about the U.S. debt ceiling,
U.S. troop withdrawals from Afghanistan, Pakistan and Libya, and Federal
Reserve monetary policy.
Bank
to suggest CO2 levy on jet, shipping fuel Reuters | The
World Bank will suggest a global levy on jet and shipping fuel in
recommendations to G20
Teen Unemployment 25
Percent CSM | It’s never been easy being a teenager. Now,
try being a teenager looking for work.
We’ve Now Got Depression-Level Unemployment Washington’s
Blog | The only jobs we’re creating are military and other public
sector jobs.
True
Cost of Fannie, Freddie Bailouts: $317 Billion, CBO Says The Congressional
Budget Office (CBO) says the real cost of the federal government guaranteeing
the business of failed mortgage giants Fannie Mae and Freddie Mac is $317
billion — not the $130 billion normally claimed by the Obama administration.
Goldman
Prepares To Fight Carl Levin Allegations Of Massive Housing Short, Will Release
Trove Of “Evidence” It Is Innocent The firm is now expected to release its
own trove of documents expected to “defend” the firm from the various
allegations presented in the Carl Levin 639 page report.
Will
The Banksters And The Corpocracy Eventually Own It All? 29 Statistics About
Extreme Income Inequality In America That Will Blow Your Mind Today,
average Americans have less power relative to the monolithic corporate and
governmental institutions that dominate our society than at any other point in
U.S. history.
The Real “Margin” Threat: $600 Trillion
In OTC Derivatives, A Multi-Trillion Variation Margin Call, And A Collateral
Scramble That Could Send US Treasurys To All Time Records… While the
dominant topic of conversation when discussing margin hikes (or reductions)
usually reverts to silver, ES (stocks) and TEN (bonds), what everyone so far is
ignoring is the far more critical topic of real margin risk, in the form of
roughly $600 trillion in OTC derivatives.
National
/ World
Japan Admits Full Meltdowns at All 3 Nuke Reactors After
Quake, Tsunami CNN | The announcement will not
change plans for how to stabilize the Fukushima Daiichi plant, the agency said.
The Elite’s Plan For Global Extermination Paul
Joseph Watson | Webster Tarpley conducts the most detailed study to
date of John P. Holdren’s Ecoscience in a bombshell new video interview.
How the empire will prevail: Will Washington Foment War
Between China and India? Paul Craig Roberts | Gold
and silver will become forbidden possessions, as will guns and a number of
books, including the US Constitution.
U.S. Tells Golan Protesters to Show Restraint After 23
Killed Kurt Nimmo | “Provocative actions like this
should be avoided,” said State Department after IDF soldiers killed 23 on
Sunday.
Prominent Swiss Politician Calls For Arrest of Kissinger
at Bilderberg Paul Joseph Watson | Dominique
Baettig calls on federal authorities to apprehend former US Secretary of State.
British Foreign Secretary Says Bombing of Libya to Last
Beyond Christmas Kurt Nimmo | Independent
journalists report truth on the ground in Libya ignored by pro-war corporate
media.
Forensic evidence emerges European e.coli superbug
bioengineered to produce human fatalities Mike Adams
| Keep people sick, deny access to healing herbs and supplements, then profit
from suffering at the hands of the global drug cartels.
Five
U.S. soldiers killed in attack on base; 18 Iraqis dead in other violence Five
U.S. soldiers were killed Monday in a rocket attack at a joint U.S.-Iraqi base
in the capital, officials said. It was the largest death toll for the American
military in Iraq in a single incident in two years.
NATO jets target
Libya state TV Latest reports indicate that NATO-led warplanes have dropped
several bombs on the offices of the Libyan state broadcaster in the capital Tripoli.
Gates
in Kabul for strategy talks
High-level meetings with U.S. and Afghan officials are at a potential
turning point in the war. (Washington
Post) [ Strategy? Heck, there’s gotta’ be something something about ’u.s.
strategy’ that they can like. After all, it’s so amorphous that it can bend to
any will, constantly evolving, changing, growing, or, as they say in reality, is
non-existent at all. What might they like about ‘u.s. strategy’? Well, for one
thing, for america, the u.s. strategy is self-destructive, self-defeating, and
contraindicated for everyone; but, pervasively corrupt, defacto bankrupt
america’s just too dumb to realize it. Gerson:
Gates’s war against defense cuts (Washington Post) [ Wow! Talk about being
out of touch … I quess after years at the cia one starts to believe their own
b***s*** / propaganda / lies to the point that, as gates, they’ve completely
lost touch with reality … Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE
BE CAREFUL OUT THERE! ‘ … Senate
Dems find themselves in a tough spot (Washington Post) [ Tough spot? Like
Iraq and a hard place … called Afghanistan … indeed they are … in a tough spot
… of their own making … by a wobama prevaricating approach to most all things
despite campaign promise that belie their actions, or lack thereof. ] [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Financialization
and Our Increasingly Unstable Economy Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
{ In robert gates’
cia-alice-in-wonderland world, a failed defacto bankrupt american banana
republic with gunboat diplomacy will do just fine (thank you very much for your
wasted tax dollars). }
Thanks to Ron Paul, We Are All Libertarians Now Susan
Westfall | “If we believe in having the liberty to exercise our free
will and if we believe in smaller government, then perhaps we are all
libertarians now.”
Gadahn Call for Gun Violence Merges With Obama’s “Under
the Radar” Anti-gun Agenda Kurt Nimmo | Gadahn says
Muslims can buy full auto weapons without providing ID at gun shows.
Israeli Soldiers Kill Dozens of Palestinians, Including
Woman and Child in Occupied Golan VOANews.com |
Israel occupied the Golan Heights in 1967.
British Intelligence: al-Qaeda May Contaminate Food After
E.Coli Scare Kurt Nimmo | Terror fear mongers don’t
let a good crisis go to waste.
We’ve Now Got Depression-Level Unemployment Washington’s
Blog | The only jobs we’re creating are military and other public
sector jobs.
NATO Helicopter Attacks Tantamount To Ground Operation:
Russian Foreign Minister Novosti | NATO’s actions
in Libya are gradually evolving into a land operation.
June 5th Ron Paul Money Bomb – The Revolution vs
RomneyCare Ron Paul 2012.com | It’s no secret the
Romney campaign thinks no one else can touch their fundraising tally.
Bank of America Gets Pad Locked After Homeowner
Forecloses On It WFMY News 2 | Have you heard the
one about a homeowner foreclosing on a bank?
World
Bank To Suggest Global Carbon Tax on Airline, Shipping Fuel (Paid by You) The
World Bank will suggest a global levy on jet and shipping fuel in
recommendations to G20 governments later this year on raising climate finance,
a senior official said on Sunday.
Riot
Police, SWAT Teams Called on Dancers at Jefferson Memorial In addition to
the SWAT team, the cops erected a fence around the monument.
June
5th Ron Paul Money Bomb – The Revolution vs RomneyCare The truth is, an
overwhelming showing on June 5th would force the establishment pundits to
realize what we already know, Congressman Paul is campaigning as a top-tier
contender and is a force to be reckoned within the Republican Primaries.
NATO
Helicopter Attacks Tantamount To Ground Operation: Russian Foreign Minister NATO’s
actions in Libya are gradually evolving into a land operation, Russia’s foreign
minister warned on Saturday.
Fukushima
Reactor No. 1 more radioactive than ever At the stricken Fukushima nuclear
power plant, a robot sent into the building housing Reactor No. 1 on Saturday
detected the highest levels of radiation measured since the crisis began on
March 11.
Trouble
for the Establishment in Europe, Protests Spread to France (Video) Luke
Rudkowski reports from the new protests in France. He interviews a
stunningly-aware crowd. They truly know the score and what the root problem of
the system is: Banskter-Goverment collusion resulting in their enslavement.
Great on-the-ground reporting by Rudkowski.
NATO
Helicopter Attacks Tantamount To Ground Operation: Russian Foreign Minister NATO’s
actions in Libya are gradually evolving into a land operation, Russia’s foreign
minister warned on Saturday.
Fukushima
Reactor No. 1 more radioactive than ever At the stricken Fukushima nuclear
power plant, a robot sent into the building housing Reactor No. 1 on Saturday
detected the highest levels of radiation measured since the crisis began on
March 11.
Food
chain at risk of being poisoned by terrorist groups Food and drink sold in
Britain is under a growing threat from terrorist groups which might try to poison
supplies, the Government’s security advisers have warned.
US
Government/Mossad Agent Voices Support For Obama’s Gun Control Agenda In a
new video message, American-born al Qaeda spokesman Adam Gadahn calls on
Muslims living in America to carry out deadly one-man terrorist acts using
fully automatic weapons purchased at gun shows, and to target major
institutions and public figures.
Libya:
UK Apache attack helicopters launch first strikes British Apache attack
helicopters have been used to strike targets in Libya for the first time, the
Ministry of Defence has confirmed.
Gaddafi’s
Stolen Billions: Max Keiser Explains ‘Financial Terrorism’ International
bankers have reportedly wasted billions of dollars invested by Libyan leader
Colonel Gaddafi. The Financial Times says giants like Goldman Sachs were
dealing with the dictator’s investments when it needed to plug a hole during
the economic crisis. Most of the money has been lost, but with what’s going on
in Libya any repayment seems unlikely.
Trouble
for the Establishment in Europe, Protests Spread to France (Video) Luke
Rudkowski reports from the new protests in France. He interviews a
stunningly-aware crowd. They truly know the score and what the root problem of
the system is: Banskter-Goverment collusion resulting in their enslavement.
Great on-the-ground reporting by Rudkowski.
Israeli forces kill 18 protesters: Syrian TV (Reuters)
Drudgereport: TEMPLETON chairman: Financial
Crisis 'Around Corner'...
'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
ECONOMIC 'HORROR' AS DATA
PLUNGES
Dow Has Longest Weekly Slump
Since '04...
Housing prices fall 'beats
Great Depression slide'...
CHICAGOLAND: Flash Mobs
Attack 2 Men...
TAX FURY IN ATHENS AS GOV'T
FACES DEBT
'Bankrupt' claim heightens
Spanish debt fears...
9.1%
MAY JOBS:
+54,000...
MCDONALD'S hired half...
Fears stoked of a
'double-dip'...
CBO: True Cost of Fannie,
Freddie Bailouts $317 Billion, Not $130 Billion Obama Claims...
Taxpayers Still Bailing Out Banks...
WH: 'Bumps on the road to
recovery'...
O gets booed...
LET'S GOLF ABOUT IT
China Divests 97% of Holdings
in US Treasury Bills...
DOOM: More Americans Think Economy Will Never Recover...
GOP sees Obama as
increasingly beatable...
Recovery Languishing as
Americans Await Signal of Better Times...
Congress Delivers Obama
'Stunning Rebuke on Libya'...
Weiner withdraws from
speaking engagement...
Dow tumbles 280 points...
Private Sector Jobs
Grew By Only 38,000 in May...
Planned Layoffs Up...
Manufacturing Slows...
MOODY'S: US Rating Could Be Placed Under Review...
Greece goes further into junk
territory; MOODY'S downgrades...
AP: Consumer confidence falls
'unexpectedly' in May...
BARONE: Pro-Obama media
always shocked by bad economic news...
Home-price index at lowest
point since 2006 bust...
'Double-Dip' Even Worse Than Expected...
GOLDMAN SACHS: $5 gas this
summer...
Number of federal-owned
limousines has soared under Obama...
Obama bailout of GOV'T MOTORS
to cost taxpayers at least $14 billion...
Obama solicitor general:
Don't like healthcare mandate, earn less money!
REPORT: Senate's 100 members
spend $40M for 700 offices nationwide...
7 'NATO troops' killed Thursday
were American...
British Health Care Program
in Grave Peril...
Netanyahu: Israel cannot
prevent UN recognition of Palestinian state...
First ID'ed as 'Int'l
Security Assistance Force service members'...
Deadliest day this year...
WARS RAGE ON...
U.S. Dead in Afghanistan Tops
1,500...
OBAMA HITS GOLF COURSE FOR
ROUND NO. 70...
ON THE GROUND IN LIBYA
Anti-Christian Violence
Continues in Pakistan...
UPDATE: MIAMI 'WAR ZONE'
DURING URBAN WEEKEND...
'I was scared for my life'...
Poet 'Da Real One' Gunned
Down In Front Of Miami Poetry Cafe...
Violent crime explodes in
Myrtle during Black Bike Week; 8-hour hell...
Rib Fest At Rochester beach
turns rowdy...
Riot On Long Island...
Urban Melee In Charlotte...
Chaos causes DNC concern for
convention...
Unruly urban crowd shuts down
Nashville water park...
Emanuel shuts down packed
Chicago beach; 'heat-related illnesses'...
REPORT: 'Dozens of gang
bangers'...
TEEN
GANGS UNLEASHED ON BOSTON BEACH
WHO: Radiation From
Cell Phones Can Cause Cancer...
In
same category as lead, engine exhaust, chloroform...
VIDEO: Woman Screams For Help
After TSA Molestation...
WHACKED, NOT HACKED!
'Used govt.
resources'...
Breitbart: 'I Want To Hear
Truth'...
6 'inappropriate' relationships...
ABCNEWS: Mystery Woman
Revealed...
HER STORY...
Risqué Online Chats, Photo
Swaps...
SLIDESHOW...
VIDEO: 'Web of lies'...
TWITTER TEARS:
WEINER ADMITS
REPORT: Woman claims to have
200 explicit messages from NY Dem...
IT MIGHT BE MY WEINER! REPORT: WEINER'S TALE
UNRAVELING... By Daniel Libit Sunday,
June 5, 2011 ‘As the world has attempted to make sense of Rep. Anthony Weiner’s
claim that his Twitter account was hacked, a key clue has been missing: exactly
how the notorious groin pic was posted online. But according to data provided
exclusively to The Daily from TweetCongress.org, a nonprofit website that
captures each member of Congress’s Twitter feeds in real time, the shot seen
round the world was transmitted using TweetDeck — a popular Adobe desktop
application that links up with social networking sites. A review of Weiner’s
Twitter stream from May 27, the day of the crotch pic, shows that Weiner had
been posting only from TweetDeck — one of many ways to post messages to Twitter
— that entire night. Chet Wisniewski, a senior security adviser at security
software company SophosLabs, said the TweetDeck stamp “does make it more
plausible that it did come from him.” Weiner used TweetDeck frequently, but he
often also posted from the Web directly or from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have
been hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP)
- After days of denials, a choked-up Rep. Anthony Weiner confessed Monday
that he tweeted a photo of his bulging underpants to a young woman, and he also
admitted to "inappropriate" excha...’ Tearful US congressman admits to crotch photos (AFP) ]
'This Could Be The End For
Him'...
'Have You Ever Taken A
Picture Like This Of Yourself?'...
WEINER CALLS COPS ON CBS WASHINGTON
(CBSNewYork) — ‘Congressman Anthony Weiner said Thursday he’s
finished talking about the lewd photo sent from his Twitter account.But he
still wouldn’t say whether
he’s the one in the picture.So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words
created quite the stir. Doors slammed and people pretended she wasn’t there
...’ Weiner’s
efforts don’t cool furor The congressman
said that he didn’t send a lewd photo on Twitter but also that he couldn’t “say
with certitude” whether the image was of his own crotch. (Washington Post) [ ‘Weiner’s weiner’! ‘Not cool furor’ … how
‘bout just plain ‘not cool’. Eh … what can you expect from national drain /
sinkhole new york (new york / new jersey metro). I haven’t read but probably
agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s over objection of the
FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized
crime [ this was documented with authority in the book Goombata: The Improbable
Rise and Fall of John Gotti and His Gang John
Cummings
(Author), Ernest
Volkman (Author) Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Minyanville's
T3 Daily Recap: Stocks and Economic Data Leave Nowhere to Hide at
Minyanville By T3Live.com Jun 03, 2011 ‘This week markets were
presented with economic data ranging from ADP payroll, jobless claims, car
sales, and crude inventory numbers, all pointing to a waning economic recovery.
US markets finished the week with a very negative
tone, led lower by Nasdaq stocks
via the PowerShares QQQ Trust (QQQ), which
was down 1.62% on the session. Stocks sold-off into the close, dragging the SPDR
Dow Jones Industrial Average ETF (DIA) to
its longest streak of weekly losses since 2004. The US government jobs
report showed slowing growth, with only 54,000 jobs added in May, trailing
estimates of 165,000 as well as an unexpected climb to 9.1 percent.
Already investors have seen disappointing reports out of the US, Europe,
and China revealing slowed manufacturing growth in May. This week markets
were presented with economic data
ranging from ADP payroll, jobless claims, car sales, and crude inventory
numbers, all pointing to a waning economic recovery. As of Thursday evening,
the markets had taken the negative data in stride, but the government jobs data
proved to be the last straw for many investors.
There was nowhere to hide today with the SPDR S&P 500 (SPY)
down 1.15% on the session. In fact, there was nowhere to hide this week, as 94%
of the S&P 500 stocks finished red on the week. Furthermore, the continuous
stream negative US data against the backdrop of the EU coming to a deal to
bailout Greece saw investors dumping stocks and the US dollar,
while finding shelter in the euro.
The most jarring aspect of today’s sell-off was the extremely bearish action in
of most leaders, with Chinese Internet stocks falling off a cliff as Sina
(SINA),
Youku.com (YOKU), Qihoo
360 Technology (QIHU), and China
Dangdang (DANG) all down
over 8%, with Sina down nearly 12% on the session. Baidu.com (BIDU) and Sohu.com
(SOHU)
fared better closing lower by 3.82% and 4.5% respectively.
Netflix (NFLX)
was the lone standout among the leaders to finish slightly higher, yet other
companies that traders routinely look to for leadership sold-off into the close
with the rest of the market. Amazon (AMZN)
finished down 2.38% and Apple (AAPL)
was negative by just over a half percent.
With demonstrations and unrest expected over the weekend in Greece and the
Middle East, there is potential for more headwinds to be digested by investors
come Monday.’
Goldman
Sachs subpoenaed Report says firm’s mortgage-related investments enabled
the company to profit while clients lost money. (Washington Post) [ Their stock
was down. Why? No mystery there on fraudulent wall street that they’ve got
plenty to hide; and, certainly far more beyond the scope of the subpoena. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits
while you still can since there's much worse to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billiions from the fraud ). UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Selling
In May Is Very Good Advice This Year Harding
/ Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.
Defacto bankrupt, fraudulent america also spends more on military
spending than all the nations of the world combined... federal employees /
contractors, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ).
U.S.
Job Growth Sputters: Only 54,000 Jobs in May at TheStreet.com
By Shanthi Bharatwa [chart
http://www.thestreet.com/content/image/88693.include ]
‘NEW YORK (TheStreet)
-- The U.S. economy added far fewer jobs in May, suggesting that the recovery
in the employment market might be stalling.
According to
the Bureau of Labor Statistics, nonfarm payrolls increased by 54,000 on a
seasonally adjusted basis in May, after rising by an average of 220,000 in the
prior three months. Economists were expecting the payrolls to rise by 169,000,
according to Briefing.com. That is the lowest payroll growth since
September 2010.
The private
sector, which has been the main contributor of jobs amid layoffs at the state
and local government levels, added 83,000 jobs, a marked slowdown from the
244,000 jobs averaged in the last three months. Economists predicted companies
would add 180,000 jobs in May, their expectations diminished by the
ADP report Wednesday which said companies added only 38,000 jobs.
The consensus
estimates don't always reflect actual market expectations because analysts
don't always revise their estimates based on the ADP report. The
"whisper" number for the markets may have been closer to about
100,000. So even by those metrics, the jobs report is severely disappointing.
Reacting to
the dismal report, Patrick O'Keefe, director of economic research at J.H. Cohn,
said, "This report stands out as a recommendation to all economists to go
through a course in humility. I expected, even after the ADP report, a much
better report than this. But as Keynes said -'when the facts change, I change
my mind.'"
According to
the Labor Department's survey, the auto, retail, nondurable goods and health
care sectors shed jobs in May. The government laid off another 29,000 workers
in May, after shedding 19,000 in April and 25,000 in March.
But more
striking than layoffs was the slowdown in hiring. After adding 38,000 jobs in
April, the goods-producing sector created only 3,000 jobs in May. Manufacturing
shed 5,000 jobs in May, after hiring 24,000 people in the previous month.
The private
services-providing sector, the biggest contributor to employment, added only
80,000 jobs, after creating 213,000 in April. In April, the ISM Services Index
showed a dramatic slowdown to 52.8% from 57.3% in March. The Institute for Supply
Management said at 10:00 a.m Friday that the Nonmanufacturing Index rose to
54.6% from 52.8% in April, better than the 53.3% economists were expecting.
Temporary
help, which has contributed one in six 6 jobs during the recovery, also saw a
drop of 1,200 jobs.
"The
flattening in temporary help, given the marginal headline employment gain
signals that employers have become even more reluctant to increase payrolls in
the face of sputtering expansion," O'Keefe noted.’
JOBS REPORT MUCH WORSE THAN EXPECTED! Previous day: Economic
outlook hinges on jobs report One of the few bright spots in the economic
picture in the past three months has been solid and steady job creation by the
private sector. (Washington Post) [ And, you can bet the ranch that the report
will be a complete fabrication. Indeed, the capital reeks of political
desperation, domestically and globally. Fudgecake yes … they can always put the
‘report’ back in the oven so to speak for those ever more recurring revisions
which still never quite bring the data back to reality. Beware
the next big fraud When will we see
the next big fraud and a massive burst in the secondary markets bubble? Not
soon enough, I fear. (Washington Post) [ Next? How ‘bout we’re still in the
midst of that continuing multi-trilliion dollar fraud marked to anything … The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), Billion
Dollar Fund Managers Agree: The Government Never Fixed the Underlying Economic
Problems, So We’ll Have Another Crash infowars.com While the snake oil salespeople at the retail
investing level and the bobble heads on the kool aid selling financial channels
have been saying for years that we’re in a “recovery” (albeit a slow one), billion
dollar fund managers say that nothing has changed and we’ll have another crash … Roche 'The
worst part of it ...Obama, who vowed
change, has done almost nothing to fix any of it and in fact continues most of
the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for
Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by
the frauds on wall street ( and declares with oscar in hand that not one high
level wall street exec has been prosecuted … despite ‘earning’ billions from
the fraud ). Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.] ]
20
Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over
The Economic Collapse | We are still in the middle of a
full-blown economic crisis and things are about to get even worse.
5
Cities Vulnerable to the Next Bursting Bubble WASHINGTON (TheStreet) -- Bubbles are a
beautiful thing to watch while they're inflating or floating along, but they
can be extremely messy when they burst. The U.S. still hasn't recovered from
the real estate bubble that burst in 2007. Considering the somewhat tenuous
state of the second coming of tech spending, the bubbling costs of college
inflation, the seemingly limitless heights of gold prices and the
ever-expanding demand for health
care as baby boomers ease into retirement, there may be another bubble just
around the bend.
Don't tell that to Las Vegas, which is still trying
to pick up the pieces after the housing bubble's pop shattered its real estate
industry. Average home prices dropped from $220,000 in 2008 to just $128,000 in
the first quarter of this year. As a result, a 3.21% foreclosure rate quoted
for the area by RealtyTrac is still the highest in the nation, and its 13.3%
unemployment rate is outdone only by Riverside-San Bernardino-Ontario, Calif.'s
13.9% margin (and 2.04% foreclosure rate). The good news is that foreclosure
rate is a 11.54% improvement from fall of last year. The bad news is that it's
only a 7.74% upgrade from the same period last year, is still costing more
homeowners their properties than anywhere in America and is having a residual
effect on business, with traffic down at McCarran Airport and once-untouchable businesses
such as the Sahara casino closing, with owners cited the crisis as a reason.
California, Nevada, Arizona and Florida are among the
states dealing with double- or near-double-digit unemployment, high foreclosure
rates and home prices that have plummeted more than 50% in some cases, but even
metropolitan areas within those states were spared the same pain. Another burst
bubble could make some of those places feel a lot less lucky. TheStreet
took a look at five regions that lean heavily on one industry and at just how
much they stand to lose should their bubble be the next to go: …’
A
New Idea For Bernanke: Leave The Economy Alone at Forbes ‘Sy Harding It was another
week of shockingly negative economic reports, which you might think has Wall
Street economists worried that the economy is running into something more than
just a brief soft patch (their popular term of recent weeks).
They mostly
remain convinced that the problem is only temporary, that the economic reports
are coming in worse than their forecasts only because they under-estimated the
effect the surge in energy and commodity prices would have on consumer
spending, and the effect the Japanese earthquake would have on auto and
technology production. And they say those effects are only temporary.
Let’s hope
they’re right, because the additional reports this week were awful.
They included
that home prices are still declining; that Pending Home Sales fell 11.6% in April
to a 7-month low; that Consumer Confidence unexpectedly fell from 66 in April
to 60.8 in May; that the ISM Mfg Index plunged to 56.6 in May from 67.6 in
April; that Factory Orders fell 1.2%; that auto sales fell more than forecasts.
The reports
ended for the week with Friday’s report that only 54,000 jobs were created in
May versus 232,000 in April, and compared to the consensus forecast that
175,000 jobs would be created. And the unemployment rate rose to 9.1% in May,
from 9.0% in April, versus forecasts that it would decline to 8.9%.
This week’s
reports came on top of four weeks of similarly dismal reports, including that
the Conference Board’s Leading Economic Indicators dropped into negative
territory for the first time in nine months, and that Durable Goods Orders
experienced their largest decline since last August. New home starts and
permits for futures starts plunged more than forecasts, and existing home sales
unexpectedly plunged, now down 12.9% year-to-date.
However, not
only is Wall Street not overly disturbed by the reports, but investors are not
all that concerned either.
In spite of
five straight weeks of decline, the Dow is only 4.7% below its peak at the end
of April, and it’s still up 5.4% for the year so far. And, what decline there
has been was on low volume, no signs of aggressive selling.
One theme I
keep hearing from bullish investors is that the Federal Reserve will not allow
economic growth to slow to any degree (beyond a brief soft patch), without
stepping in with another round of stimulus. Nor will it allow the stock market
to decline to any degree.
After all,
they remind me, Fed Chairman Bernanke virtually guaranteed that in the Fed’s
statement after its last FOMC meeting, in which it said, “The Committee will
continue to monitor the economic outlook and financial developments, and will
employ its policy tools as necessary to support the economic recovery.”
Meanwhile, as
I wrote in early April, the similarities to a year ago are spooky. Among the
long list of similarities I noted then, were that a year ago government
stimulus programs were also coming to end, the economy was already showing
serious signs of slowing, the stock market looked to be overbought, and
investor sentiment was unusually confident and bullish. The next event a year
ago was that the market topped out at the end of April into a correction, and
that has now potentially become another similarity of this year.
So will the
rest of the events of last year also repeat this year?
Last year, the
economy continued to weaken, and the stock market remained in a correction
until mid-July, during which the S&P 500 lost 16% of its value.
Then the Fed
seemed to panic and stepped in with a promise of another round of quantitative
easing, which was dubbed QE2. The economy picked up again, and the stock market
halted its decline, recovered its losses, and went on to the highs reached at
the end of April this year.
The big
question is, if the economy continues to slow this year, and the stock market
continues to decline, will the Fed push the magic button again?
Chairman
Bernanke received considerable criticism at home and globally for his QE2
decision last fall. It also doesn’t seem to have worked all that well. The
flood of additional dollars into the financial system pumped up the stock
market and commodity prices, creating inflation, but its effect on the economy
was apparently only temporary.
This year,
Congress would probably object mightily to another round of stimulus, given its
new determination to cut government costs in efforts to tackle the record
budget deficits.
So, unless the
economy really nose-dives, I suspect the Fed will allow the market system to
function normally this time around, allowing economic growth to slow if that is
its inclination, and the stock market to adjust to that, without government
interference.
We shall see.
So far the similarities to events a year ago continue to click into place.’
Moody’s:
U.S. credit rating at risk Agency
warns of a possible credit rating downgrade if a debt-ceiling deal cannot be
reached. (Washington Post) [ I’d say, as is true of their performance in the
last phase of this ongoing crisis, they are so typically late to the party.
After all, pervasively corrupt america is already defacto bankrupt. House
rejects debt ceiling increase The
317-to-98 vote was a bipartisan rejection of extending the nation’s current
debt limit of $14.3 trillion unless major spending reductions accompany the
legislation. (Washington Post) [ Well, perish the thought that increases in
liabilities should be commensurate with decreases in liabilities to maintain a
… balance … sheet? At this point, who’s counting? After all, are there really
degrees of defacto bankruptcy? Or, an either / or absolute state; viz., you are
or you’re not defacto bankrupt. Pervasively corrupt, defacto bankrupt america
is in fact defacto bankrupt! … Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times. The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this
week,” Brooks said. “They’re vastly underestimating the source of piolitical
risk here. We could have a major problem, I think, either this summer or the
next couple years. And I’d be worried about investing too much in the market.
That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
May
Sales Show Tighter Times Ahead For Retailers at Forbes
Greenspan
‘Scared’ Over Deficit; Calls for Tax Rise The debt and deficit problem in
the US is so serious that former Federal Reserve Chairman Alan Greenspan finds
himself in the position of recommending the highest tax rates in more than a
decade.
Treasury
Continues To Dip Into Retirement Accounts, Prepares To “Take Out” $66 Billion
Chunk To Make Room For New Bond Issuance Today, very quietly, the Treasury
released its latest refunding announcement, in which it disclosed it would
issue another $66 billion in 3, 10 and 30 Year notes next week.
The Public
Banking Movement Comes of Age The public banking movement is becoming
mainstream thanks to great work done by thoughtful and dedicated researchers
like Ellen Brown, author of “Web of Debt.”
Goldman Gets
Subpoena From Manhattan DA Goldman Sachs just got a subpoena from the
Manhattan DA.
National
/ World
Bipartisan Congress Rebuffs Obama on Libya Mission Washington
Times | The House voted for resolutions telling President Obama he has
broken the constitutional chain of authority via Libya.
Romney
says he can heal economy He kicks
off presidential bid by trumpeting his record as a turnaround specialist in
business. (Washington Post) [ Well, he’s certainly not going to do that by
toeing the israeli lobby line as did failed president wobama the b (for
b***s***), despite his recent rhetoric (meaningless coming from wobama the b)
seemingly, but not really in terms of action (he’s literally continued the
perma-war policies of war criminal and moron dumbya bush; ie., Afghanistan,
Libya, etc., Drudgereport: FLASHBACK:
Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA
FIGHTS FOR HIS RIGHT TO BOMB LIBYA... Deadliest
day this year... WARS
RAGE ON... U.S.
Dead in Afghanistan Tops 1,500... OBAMA
HITS GOLF COURSE FOR ROUND NO. 70... ON
THE GROUND IN LIBYA . This despite the defacto bankruptcy of
the nation. It is time to tell the mentally deficient at the pentagon along
with other war mongering neocons that the days of their easy money, fog of war
thefts (ie., 360
tons of $100 bills flown into Iraq and ‘disappeared’, etc. ) and nebulously fat budgets are over. Stated another
way, math, economics, and finance count. I’d say law should count but we all
know that’s not the case in meaningfully lawless america (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed). Obama
is committed to Israel (Washington Post) Rahm Emanuel He’s been invested
since his first days in office.{Yes! I do believe this is among the few
instances when emanuel is telling the truth; and, pervasively corrupt, defacto
bankrupt america has the red ink, red blood (of u.s. soldiers), and failed
geopolitical strategy to prove it.}
Robert
Gates: Kucinich move on Libya ‘dangerous’ Politico | Gates
says move to end Libya attack would undermine alliances and military
operations. House
Republicans Kill Kucinich’s Libya Withdrawal Bill FoxNews.com
| Yanked from schedule only after it became clear that it might succeed. { In robert gates’ cia-alice-in-wonderland
world, a failed defacto bankrupt american banana republic with gunboat
diplomacy will do just fine (thank you very much for your wasted tax dollars).
}
Tough
choices in Europe over Greece Greece will need more than $40 billion
to keep itself afloat and sidestep a nightmare scenario: a default by one of
the countries that use the euro. (Washington Post) [ Fait accomplis? I’d say,
‘look homeward hell’s angels’. After
all, we do have near 50 such fiscal basket-cases here in the pervasively
corrupt, defacto bankrupt disunited states. Meanwhile, america / nato are
frittering money / resources away . http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations
are regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half century).
Yet, such a conditioned psychopathic approach to global matters has led them
self-destructively, self-defeatingly, and ineluctably to decline, fall. ..
Orwellian approach fostered by the purveyors of global unrest; viz., israel,
america, Orwellian england, etc.;more specifically, diversion of the masses
from the glaring failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Soros-funded leftist group pushes internet control WND.com
| Documents released in response to a Freedom of Information request from
Judicial Watch revealed collusion between FCC and Soros group.
Following Shooting, Miami Cops Grab Cell Phones at Gunpoint,
Destroy Them Carlos Miller | Miami Beach police did
their best to destroy a citizen video that shows them shooting a man to death
in a hail of bullets Memorial Day.
Bill of Rights: An Endangered Species Kurt
Nimmo | The 1st Amendment is under attack from federal, state, local
police and private security goons.
Following Pentagon’s Lead, NATO Says It Will Respond to
Hacker Threats Kurt Nimmo | NATO adds weight to the
concerted call to respond militarily to hyped cyber threats against the state.
Drudge Drives TSA Controversy To Viral Status Paul
Joseph Watson | Much to the chagrin of the establishment media, Matt
Drudge is still the King of Internet news
No “Conspiracy Theory”: Wikileaks Cable Confirms North
American Union Agenda Paul Joseph Watson | Mission
to merge United States, Canada and Mexico into monetary and political union
labeled “conspiracy theory” by establishment media.
The Spirit of Thomas Jefferson Lives in Nullification Alexander
Meyer | We have unchallenged Federal power coming face to face with
the boiling passion of a grass roots revival for liberty.
GOP
Establishment Attempting To Redistrict Ron Paul Out Of Office A Democratic
consultant tells the Texas Tribune that it is no coincidence that a proposed
congressional redistricting map would significantly alter District 14, the seat
firmly held by Ron Paul for the last fourteen years.
Ron
Paul: “Barack Obama and the big government crowd are destroying our economy” Today,
a spokesman for Congressman Ron Paul’s 2012 Republican presidential campaign
remarked on the most recent U.S. jobs report and the state of the American
economy. See comments below.
Chossudovsky:
US, NATO clearly going into ground war Russia’s foreign minister has
criticized the way the UN resolution on Libya is being implemented, in the wake
of NATO’s 90-day extension of its mission there. Sergey Lavrov says NATO’s
actions go beyond the scope of the resolution and undermine international law.
According to Michel Chossudovsky from the Canadian-based Center for Research on
Globalization, there are clear signs that we might soon see American boots
touch Libyan soil.
Japan staff exceed
radiation limit The operator of Japan’s crippled nuclear power plant said
two workers have exceeded a radiation exposure limit for men.
TSA
On The Ropes; Budget Slashed, Texas Grope Ban Returns Days after a top TSA
official conceded that the agency would be forced to reconsider its policies in
the aftermath of a nationwide backlash against invasive screening procedures,
the agency was dealt another two huge blows yesterday with the news that the
TSA budget would be slashed by $270 million, in addition to the return of a
bill in Texas that would make grope-downs a felony.
Texas Senate Under Siege EXCLUSIVE
footage of Alex Jones’ powerful speech on the steps of the Texas Senate
chamber, rebuking those who betrayed liberty and worked to kill the bill that
would protect passengers from TSA groping.
The
Sky Is Falling, It Is Time To Panic And The U.S. Economy Has Fallen And It
Can’t Get Up So many economists and financial pundits seem absolutely
shocked that the U.S. economy is slowing down again. It is as if this latest
wave of bad economic data has caught them completely by surprise.
Investors Await Jobs Report: Dave's Daily ‘ ETF
Center Thursday was a quiet day in trading but disappointing economic news
still dominated. Jobless Claims came in beneath expectations despite being
slightly better than the previous week; however, the four-week moving average
is 30K higher. Chain Store sales were disappointing with pundits blaming the
weather again. Factory Orders missed consensus forecasts at -1.2%. Lastly, not
that it's much of a surprise, Moody's warned it could downgrade U.S. bond
ratings should the budget deficit and debt not be resolved. So, do you think Turbo-Tim
would ever stiff "the Beard"? Anyway, the big number on Friday is the
employment data.
Estimates have been frantically reduced over the week given other poor data.
The current consensus is 170K jobs, which is quite low, so upside surprises may
be built in given all the downward revisions. Also on tap is ISM Services Index
which is expected to increase to 54 from 52.8. After
yesterday's big down day markets achieved some hard fought stability. It's
strange to think the employment report will hold surprises but it's Friday and
bulls definitely want to go out feeling better. The Fed was quiet Thursday but
underwriters are busy getting some new issues to market ("while the
getting's good") including Groupon and Pandora. These companies saw what
happened with LinkedIn and they want their piece of the action. Volume
continued at a higher level as bulls and bears fought it out. Breadth per the
WSJ was mixed. ‘
Beware
the next big fraud When will we see
the next big fraud and a massive burst in the secondary markets bubble? Not
soon enough, I fear. (Washington Post) [ Next? How ‘bout we’re still in the
midst of that continuing multi-trilliion dollar fraud marked to anything … The frauds on wall street et als should be criminally prosecuted,
jailed, fined, and disgorgement imposed),
Billion
Dollar Fund Managers Agree: The Government Never Fixed the Underlying Economic
Problems, So We’ll Have Another Crash infowars.com While the snake oil salespeople at the retail
investing level and the bobble heads on the kool aid selling financial channels
have been saying for years that we’re in a “recovery” (albeit a slow one),
billion dollar fund managers say that nothing has changed and we’ll have
another crash … Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of
it and in fact continues most of the policies that helped get us here in the
first place’ ‘INSIDE JOB’ Ferguson
wins Oscar for Documentary on the unprosecuted massive extant fraud in the
(many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand
that not one high level wall street exec has been prosecuted … despite
‘earning’ billions from the fraud ).
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.] ]
20
Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over
The Economic Collapse | We are still in the middle of a
full-blown economic crisis and things are about to get even worse.
Tough
choices in Europe over Greece Greece will need more than $40 billion
to keep itself afloat and sidestep a nightmare scenario: a default by one of
the countries that use the euro. (Washington Post) [ Fait accomplis? I’d say,
‘look homeward hell’s angels’. After
all, we do have near 50 such fiscal basket-cases here in the pervasively
corrupt, defacto bankrupt disunited states. Meanwhile, america / nato are
frittering money / resources away . http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations
are regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall. .. Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.;more specifically, diversion of the
masses from the glaring failures, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
D.C.
area no longer a leader in creating jobs (Washington Post) [ I’d say that
such is a distinction without a significant difference inasmuch as near all
‘new’ jobs above the ‘new’ normal are makeshift and predominantly politically
(not productively) motivated in origin. Do not fall for these ‘new renaissance’
sound bites / pep talks / spin sessions. Those deals, however misguided, are
done. Those real jobs are not coming back for the foreseeable future that
counts. The bell can not be ‘unrung’. Moreover, the ever less productive / make
shift service jobs (including governmental, federal, state, local) have hit the
wall in terms of budgetary constraints.
The
Market’s Wall of Worry [ http://blogs.forbes.com/robertlenzner/2011/05/29/the-markets-wall-of-worry ] Robert
Lenzner Street Talk ‘
* QE2 will be over in 30 days. That removes a $600 billion injection of money
in the financial system.
*The bottom
line all talks of cuts is less federal, state and local spending. Removes money
from income total for the nation.
*Meanwhile,
cost of healthcare, food, transportation continues to rise squeezing
middle class.
*The yield on
10 year Treasuries is 3.11% and trending lower in anticipation soifter economy.
*Housing
market could continue weak for some years, not months, affecting millions of
ordinary Americans.
* Price of
crude oil makes gasoline expensive and brings demand destruction.
* Stocks rally
now over 2 years old. Commodities have also run up bigtime.
* China trying
to slow its economic growth and having difficulty doing so.
*Europe facing
costly bailouts troubled nations and weaker financial institutions.
*Showdown over
Palestinian state could lead to another outbreak hostilities in the Middle
East.
*If US, Europe
and China slowing what are the prospects for global economy, corporate profits,
market valuations?
*Japan badly
hurt by earthquake and tsumami.
*Trade volumes
decline more sharply than output during downturns according to The Economist.
*But OECD
predicts GDP up 4.2% and trade volumes gain 8%.
The
Beginning of the End of QE2 and 18 Other Issues Making Investors NervousTue
May 31st, 2011Lloyd
Khaner Lloyd's Wall of Worry QE II..
U.S. ECONOMY: From hero to zero in one quick month. Hey, June, can you throw us
a bone here?
UNEMPLOYMENT: Job Creation Plan: Hire people to go out and count all the houses
that are for sale, are in foreclosure, are empty and are inhabited by non-human
animals. Not a perfect plan I admit, but give me cred for its original, unique,
and entirely hare-brained nature.
U.S. DEBT CEILING: The latest in a long list of political footballs. This time
each side is just punting the ball back and forth without any real effort to
score. For the first
time in head-to-head competitive history, both teams may find a way to lose.
INVESTOR
SENTIMENT: Call it a Dickens Market -- it was the best of times and now it’s
nearly the worst of times as extreme bullish sentiment becomes extremely
bearish in just a week or so.
HOUSING CRISIS: A recent government press release says it will take 9.2 months
to sell all the homes on the market right now. Of course, the specific
year/decade those 9.2 months will fall into the release didn’t specify.
INFLATION: India, strong in many ways but not known to be No. 1 in any one
economic sector -- until now. It has just landed the coveted top spot as the
Asian economy with the highest inflation, fueled by a estimated salary increase
of 13% in 2011. अचà¥à¤›à¤¾ दà¥: ख! That’s “good grief!” in Hindi.
STOCK MARKET TECHNICALS: Went to one of those Spiritual Readers and Advisors to
get the answer to this technical mayhem and was next in to meet with “Wilomena
of Wall Street” when my appointment got canceled. She picked up 1,000 LinkedIn
(LNKD) IPO
shares and flipped them, thus declaring huge profits and retirement. The market
mystery continues…
FLOODS, TORNADOES, VOLCANOES: Well, we made it through The Rapture and we have
a good year and a half until Mayan 2012 hits, but in the meantime Mother Nature
is reminding us that she is and always has been the real deal.
OIL PRICES: Coming off the boil and therefore unlikely to do the damage of a
full-on “oil shock”. Kind of like setting the cattle prod on 7 rather than 10.
You get the full behavioral effect plus you live to share your experience with
the rest of the herd.
ARAB SPRING: Don’t look now but spring is about to turn into summer. Summer can
be warm, sunny and bright, or hot and blazing with fight. As the Zen Master
says, “We’ll see.”
LIBYA: More top officials leaving -- this time it's the chair of Libya's state
oil company. Could be a real sign of trouble for Mo-Mo, or maybe the oil chief
is taking a cue from America's CEOs and "spending more time with
family."
JAPAN: Back into recession, back on the ropes. "It's about
how hard you can get it and keep moving forward. How much you can take and keep
moving forward." For what it’s worth, my money’s on Japan moving
forward again.
CHINA: Starting to limit power usage at manufacturers as the hydro and coal
situation is a bit tight in the land of endless growth. Sounds a little scary
for the GDP, but put a “China Going Green” spin on it and no one will notice.
RING OF FIRE + SPAIN + TURKEY: This earthquake thing is spreading in strange
ways. Not the good spread like hot fudge over a sundae, more like that hiking
rash you get when going off trail in your shorts.
CURRENCIES: The state of Utah officially legalizes gold and silver as currency.
Likely just a ruse to get people to buy, store, and borrow against gold in the
state. And likely to work very well.
SOVEREIGN DEBT: Another June, another class of American college grads moves
their tassels and hit the streets. Hottest graduation gift trending now:
One-Year Credit Default Swaps on U.S. Debt. Inspiring to them, I’m sure.
COMMODITIES: Modern economic employment options are varied and I ain’t
complaining, but seeing the parabolic moves in all things that grow in the
ground, well, "Green Acres is the place for me."
INTERNATIONAL MONETARY FUND: The world’s banker or a moveable feast? Or as we
say here in the U.S. “Animal House, Animal House.”
Discouraging
news on the economy Stocks tumble
after data on manufacturing, jobs and home prices dash sunny expectations.
(Washington Post) [The key here is expectations based on what. I, and others
have been saying such expectations have been based upon total b***s***,
manipulations, if not outright fraud. Certainly the toxic assets now marked to
anything as per legislated professional criminal courtesy in the form of FASB
rule change will figure prominently in the next phase of this ongoing economic
/ financial crisis / debacle, the worst of which is yet to come, having been
exacerbated thereby. Moreover, it’s now clear that the fed’s machinations have
failed, benefited fraudulent wall street and insiders only, to everybody else’s
expense and detriment including a hyperinflationary environment some (including
El Erian of PIMCO) euphemistically refer to as stagflation. Dow
Down 280: Stocks Tumble as Bulls Throw in the Towel on Jobs The Daily
Ticker (6/1/11) Top
3 Reasons Markets Got Drop Kicked After Horrible Jobs and Manufacturing Data
Wall St. Cheat Sheet U.S.
Markets and ETFs Stumble On Weak Economic Data ETF Trends / [
What a difference a day makes: previous (May 31,2011) Globally, and in
fraudulent america particularly, the stock markets / bourses are a total joke
as they try to window dress their end of month figures based on b*** s***
alone. We’ve seen this before as it played out in the prior phase of this
ongoing financial crisis. Shiller Home Price Index comes in at 100% worse than
expectations … and don’t forget, that includes the dollar debasing realities
which makes this report even more dire. Take this ‘me too’ pop on fraudulent
wall street as an especially great opportunity to sell, take profits since
there is much, much worse to come. Remember: ‘sell in May and go away’ … so …
don’t be a lune, loon, sell in June! Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs Navin ‘…1)
The 5-year high in the level of insider
corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to
be selling some of their stocks so they can buy new yachts and some of this is
pre-planned. But that ratio — which has spiked recently — is extraordinarily
high, one might even say off-the-chart.]
[ ABC (Dizzyney) is a pathetically horrible network;
unimaginative, devoid of creative programming and with the weakest broadcast
signal to boot (those ‘reality’ things they do … and look at their new offering
… ‘combat hospital’ … just what everyone wants to see … ‘real blood and guts?’
(oooh! So timely and ‘johnny on the spot’, like their ‘seal 6’ fiasco) … I hope
so if they’re that of their management personnel … they should be barred from
championship broadcasting! Terrible! Pathetic! I don’t know how they’re still
in business. Oh … I almost forgot … they’re the ‘american broadcasting company’
… succeeding through failure since nothing succeeds like failure in america
today. Let me add NBC (with the exception of the stellar ‘Saturday Night Live’)
to the foregoing reality (apprentice, etc.? Who is tacky / dumb enough to waste
time watching that s***. ]
A Close Look Under the Hood - Was
QE2 a Giant Waste of Money? , June 2, 2011 ‘Some things
are obvious, some things are not. It's obvious that QE2 lifted stocks while
leaving the real estate market (NYSEArca: IYR
- News)
to fend for itself.
This
article will take a deeper look under the hood and show what QE2 could and
couldn't do. More importantly, it will highlight how QE (or the lack thereof)
should affect your investment decisions.
QE2 and GDP
Even
though Gross Domestic Product (GDP) is an absolutely outdated and misleading
measure of a country's economic health (more about that in a moment), we'll
take a look at how QE2 affected GDP.
GDP
for Q4 2010 increased 3.1%. GDP for Q1 2011 was expected to come in at 2.1% but
was only 1.8%. This is a deceleration of growth and not what we'd like to see.
Back
to why GDP is misleading. GDP is calculated by summing up consumer spending,
government outlays (such as benefits and interest payments), gross investments
and exports and subtracting imports. All but exports fall under government
spending.
GDP
however, does not distinguish how government spending is financed. All the
government spending that has brought the U.S. to the brink of insolvency
is reflected in the GDP. As the chart below shows, the government entitlements
(such as unemployment benefits, etc.) account for over 35% of personal income.
http://www.etfguide.com//contributor/UserFiles/8/Image/Government%20entitlements.gif
Personal
income accounts for about 75% of GDP. Therefore government spending - which is
the polar opposite of organic economic growth - makes up over 26% of GDP
growth.
QE2 and Troubled Banks
Here
is one statistic that adds new meaning to why some banks are simply 'too
big to fail.' Of the 7,574 federal insured banks, 11.7% are on the FDIC's
'problem list.'
From
January to March 2011, the banking (NYSEArca: KBE
- News)
and financial (NYSEArca: XLF - News)
industry reported $29 billion in earnings, the highest number since before the
financial crisis.
$24.4
billion of the $29 billion were generated by the 1.4% of banks with assets
exceeded $10 billion. Of course the largest banks received massive bailouts and
record low-borrowing rates. While large banks have recovered, regional banks
(NYSEArca: KRE - News)
have been left to fight for the leftover crumbs.
QE2
has been great for Chase, Wells Fargo, Goldman Sachs, Bank of America and the
likes, but the neighborhood bank at the corner is likely struggling.
QE2 and Wealth
According
to the Boston Consulting Group (BCG), global wealth grew by $9 trillion, or 8%,
to $121.8 trillion in 2010. BCG includes cash and securities, but excludes
holdings in businesses, residences and luxury goods. The world's collective
investments and savings have surged $20 trillion from the 2008 lows and left
the world $10 trillion richer than in 2007. A look at the iShares MSCI EAFE
(NYSEArca: EFA - News)
and iShares MSCI Emerging Markets ETF (NYSEArca: EEM
- News)
confirms this.
QE2
is not solely responsible for this global wealth increase, but it had a lion
share in the $3.6 trillion gain in North America. No doubt the government is
happy to tax a good portion of that wealth. From a tax point of view, QE2 may
well have been worth its $600 billion price tag.
In
terms of job creation, QE2 failed miserably. A recent SmartMoney.com article
points out that QE2 has created maybe 700,000 full-time jobs at a cost of
around $850,000 each. The percentage of the population in work is lower today
than last August (58.4% vs. 58.5%).
QE2 and Stocks
Denominated
in dollars, you and I know that the S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI)
and Nasdaq (Nasdaq: ^IXIC) rallied around 100% or more from the March 2009
lows. Measured in hard currency however, SmartMoney reasons that the S&P
has risen by just 8.4% in Swiss francs. Measured in gold (NYSEArca: GLD
- News),
the S&P 500 (NYSEArca: IVV - News)
is up just 4.5%.
So
while QE2 has created some wealth, it appears to also have created an illusion
of wealth, probably even another bubble. Not many bubbles stay afloat without
continuous air inflow. The cash inflow for the QE2 bubble is about to end and
the search for a pin has begun …’
First-Of-The-Month
Blues at The Wall Street Journal
[ It’s quite amazing that the so-called
‘professionals’ seek solace and comfort from mechanical application of
technical analysis when focus on fundamentals which are less prone to
obfuscation / manipulation which ultimately has led to fraud after successful
fraud, debacle after debacle. ]
[$$]
Expect More 'Unexpectedly' Weak Economic Data at Barrons.com
Stocks Sink Again; Wal-Mart Slips 1.4%
Pops & Drops: Orbitz, Gap...
Stocks struggle amid US slowdown fears
Wall Street ends flat after volatile day; jobs ahead
US STOCKS-Wall St ends flat after volatile day; jobs ahead
Goldman Gets
Subpoena From Manhattan DA Goldman Sachs just got a subpoena from the
Manhattan DA.
Fears Grow Over
Double-Dip Recession One fund manager calls it a horror show, others are
predicting the Federal Reserve will have to extend its unconventional measures
and stocks across the world are falling heavily.
Did
The Fed Just Give The Green Light To Sell The Stock Market? Remember when
the president uttered the magic words back in March 2009, when he said that
“profit and earning ratios [whatever the hell those are] are starting to get to
the point where buying stocks is a potentially good deal if you’ve got a
long-term perspective on it” giving the green light for the 2 year bear market
rally?
Consumer
Confidence Is Now Lower Than During All Recent Financial Crises And Tragedies One
chart stands out in today’s Breakfast with Rosie: the comparison of yesterday’s
surprisingly weak Consumer Confidence number with comparable prints taken at
financial crises and tragedies of the past such as the October 1987 markets
crash, Desert Storm, LTCM, the dot com collapse, September 11, Katrina, and
Lehman.
Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
National / World
Texas
Senate Under Siege TheAlexJonesChannel | EXCLUSIVE
footage of Alex Jones’ powerful speech on the steps of the Texas Senate
chamber, rebuking those who stopped the bill that would protect passengers from
TSA groping.
Embedding YouTube Videos May Soon Be a Felony Kurt
Nimmo | If passed, the law will send the web back ten years.
Corporate Media Dwells on Mitt Romney Candidacy, Ignores
Ron Paul Kurt Nimmo | Romney, who has voted like a
Massachusetts liberal, wants you to think he is a libertarian Republican.
Alex Reunited with Trooper Who Arrested Him for Thumbscan
Refusal TheAlexJonesChannel | Alex Jones happens
upon the very state trooper who arrested him 14 years ago for refusing to
thumbscan for a driver’s license at the TSA protest.
10 Reasons Why The “Economic Recovery” Is a Fraud Paul
Joseph Watson | Americans have been continually deceived about the
true state of the financial system.
QE3 and the Globalist Plan to Destroy the Dollar Kurt
Nimmo | Even market gurus are coming around to the fact the economic
crisis is not accident.
VIDEO: Woman Screams For Help After TSA Molestation Steve
Watson & Paul Joseph Watson | Agents threaten to confiscate son’s
bags, have him arrested as punishment for filming ordeal.
New Video is a Key Weapon Against the Banking Cartel Infowars.com
| Americans strive for the American Dream — this film shows why that dream is
disappearing.
Military
Escalation: “Phase Two” of the War on Libya A new phase of the war is
unfolding leading to a process of military escalation as well as the eventual
landing of US-NATO commandos on Libya’s shores.
War
Zones: As The Economy Dies, Murders, Shootings, Robberies And Looting Erupt All
Over America As the U.S. economy falls apart and millions of Americans
descend into despair we are seeing some really shocking things start to happen
all over America.
10
Reasons Why The “Economic Recovery” Is a Fraud Yesterday’s so-called
“horror” show for the US economy with the release of new data illustrating how
the economic “recovery” has all but ground to a halt was met with feigned
astonishment and shock by the establishment media, and yet for the past two
years the public has been continually deceived about the true state of the
financial system.
Moody’s Warns of US
Default Moody’s Investors Service, the credit ratings agency, warned of a
“very small but rising risk” that the US could default on its debt, adding
pressure on Congress and the Obama administration to overcome severe political
divisions and strike a deal on fiscal policy.
Pentagon
Warns Of M.A.D. Should The War Powers Act Be Enacted And US Withdraw Its Troops
From Libya Who says Mutual Assured Destruction is to be used only by
bankers: our military leaders appear to have mastered the strategy of getting
what they want to warning about all hell breaking loose, just as effectively.
Alex
Reunited with Trooper Who Arrested Him for Thumbscan Refusal While routing
out the globalist forces at the Texas Capitol behind killing the anti-TSA bill,
Alex Jones happens upon the very state trooper who arrested him 14 years ago
for refusing to thumbscan for a driver’s license.
QE3
and the Globalist Plan to Destroy the Dollar Mohamed El-Erian, chief
executive officer at Pacific Investment Management Co., told Bloomberg today
the Fed’s quantitative easing policy failed to meet the “ultimate objective” of
boosting employment and economic growth.
VIDEO:
Woman Screams For Help After TSA Molestation Video of an incident recorded
over the memorial weekend at Sky Harbor International in Phoenix, AZ, documents
how the TSA deal with people who are traumatized by grossly invasive enhanced
pat downs.
Hail Caesar Although the financial
press speculates about a downgrade of the US government’s credit rating and
default if political impasse prevents the debt ceiling from being raised in
time, I doubt anyone really believes that the debt ceiling will not be raised.
It is just all a part of the political theater of the next couple of months.
‘Gaddafi
is not bin Laden, NATO would bomb him to death if knew where he was’ NATO
is extending its operation in Libya by another three months. The Alliance chief
says the decision is meant to signal to Colonel Gaddafi that the coalition is
determined to fulfill the UN mandate to protect Libyans.
Ron
Paul on Neil Cavuto: You Can’t Get Back To Growth Unless You Have Correction The
Congressman talks the ailing economy with Cavuto.
Robert
Gates: Kucinich move on Libya ‘dangerous’ Politico | Gates
says move to end Libya attack would undermine alliances and military
operations.
House
Republicans Kill Kucinich’s Libya Withdrawal Bill FoxNews.com
| Yanked from schedule only after it became clear that it might succeed.
Afghan
leader warns NATO not to become ‘occupying force’ | Karzai warned NATO-led
forces in Afghanistan they were at risk of being seen as an occupying force. [
Duh! What a bag of hot air karzai is! ]
Drudgereport: TEMPLETON chairman: Financial
Crisis 'Around Corner'...
'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
ECONOMIC
'HORROR' AS DATA PLUNGES
Dow tumbles 280 points...
Private Sector Jobs
Grew By Only 38,000 in May...
Planned Layoffs
Up...
Manufacturing
Slows...
MOODY'S: US Rating Could Be Placed Under Review...
Greece goes further into junk
territory; MOODY'S downgrades...
AP: Consumer confidence falls
'unexpectedly' in May...
BARONE: Pro-Obama media
always shocked by bad economic news...
Home-price index at lowest
point since 2006 bust...
'Double-Dip' Even Worse Than
Expected...
GOLDMAN SACHS: $5 gas this
summer...
Number of federal-owned
limousines has soared under Obama...
Obama bailout of GOV'T MOTORS
to cost taxpayers at least $14 billion...
Obama solicitor general:
Don't like healthcare mandate, earn less money!
REPORT: Senate's 100 members
spend $40M for 700 offices nationwide...
7 'NATO troops' killed
Thursday were American...
British Health Care Program
in Grave Peril...
Netanyahu: Israel cannot
prevent UN recognition of Palestinian state...
First ID'ed as 'Int'l
Security Assistance Force service members'...
Deadliest day this year...
WARS RAGE ON...
U.S. Dead in Afghanistan Tops
1,500...
OBAMA HITS GOLF COURSE FOR
ROUND NO. 70...
ON THE GROUND IN LIBYA
Anti-Christian Violence
Continues in Pakistan...
UPDATE: MIAMI 'WAR ZONE'
DURING URBAN WEEKEND...
'I was scared for my life'...
Poet 'Da Real One' Gunned
Down In Front Of Miami Poetry Cafe...
Violent crime explodes in
Myrtle during Black Bike Week; 8-hour hell...
Rib Fest At Rochester beach
turns rowdy...
Riot On Long Island...
Urban Melee In Charlotte...
Chaos causes DNC concern for
convention...
Unruly urban crowd shuts down
Nashville water park...
Emanuel shuts down packed
Chicago beach; 'heat-related illnesses'...
REPORT: 'Dozens of gang
bangers'...
TEEN
GANGS UNLEASHED ON BOSTON BEACH
WHO: Radiation From
Cell Phones Can Cause Cancer...
In
same category as lead, engine exhaust, chloroform...
OBAMA FIGHTS FOR HIS RIGHT TO
BOMB LIBYA...
VIDEO: Woman Screams For Help
After TSA Molestation...
IT MIGHT BE MY WEINER!
'This Could Be The End For
Him'...
'Have You Ever Taken A
Picture Like This Of Yourself?'...
WEINER CALLS COPS ON CBS WASHINGTON
(CBSNewYork) — ‘Congressman Anthony Weiner said Thursday he’s
finished talking about the lewd photo sent from his Twitter account.But he
still wouldn’t say whether
he’s the one in the picture.So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words
created quite the stir. Doors slammed and people pretended she wasn’t there
...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’!
‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect
from national drain / sinkhole new york (new york / new jersey metro). I
haven’t read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s over objection of the
FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized
crime [ this was documented with authority in the book Goombata: The Improbable
Rise and Fall of John Gotti and His Gang John
Cummings
(Author), Ernest
Volkman (Author) Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
U.S.
Home Prices Drop To 2002 Levels, Ho-Hum Says Mr. Market Forbes [ Yeah … they have to say ho-hum so
that they’re not caught saying … duh! Shiller Home Price Index comes in
at 100% worse than expectations … and don’t forget, that includes the dollar
debasing realities which makes this report even more dire. ]
S&P/Case-Shiller Home Price Indices
http://www.standardandpoors.com/indices/sp-case-shiller-home-price-indices/en/us/?indexId=spusa-cashpidff--p-us----
Dow
Down 280: Stocks Tumble as Bulls Throw in the Towel on Jobs By Aaron
Task The Daily Ticker(6/1/11) ‘A day after rallying
on hopes for a Greek bailout, the stock market tumbled Wednesday following
another round of dismal economic data. The daylong sell-off accelerated into
the close after Moody's downgraded Greek debt late in the trading day.The Dow
shed 2.2% to 12,291 while the S&P and Nasdaq each lost 2.3%, and oil fell
the most in three weeks as the "risk on" trade came unwound in a
hurry. Gold rose to a four-week high while Treasury prices continued to rally;
the yield on the benchmark 10-year note fell below 3% for the first time since
early December.The widespread sell-off was widely attributed to
weaker-than-expected reports on U.S. manufacturing, auto sales, and the ADP's
report on private sector payrolls. Just 38,000 private sector jobs were created
last month, the lowest level since September 2010, according to ADP.While the
ADP report has a checkered history of forecasting the Labor Department's
survey, the combination of ADP's report and the national ISM Manufacturing
index hitting its lowest level since 2009 prompted Wall Street economists to
slash their forecasts for Friday's jobs report. Deutsche Bank's Joe LaVorgna,
for example, has cut his forecast for Friday's payroll number two times this
week, to 150,000 currently from 300,000 last week.As my Breakout colleague Matt
Nesto notes in the accompanying clip, Wednesday's weak data confirms the recent
trend, which has been a pervasive slowdown across nearly every sector of the
economy. Citigroup's U.S. Economic Surprise Index, which whether data is
beating or missing estimates, turned negative last month and now sits at its
lowest level since January 2009, Bloomberg
reports. (See: What Recovery? The Economy's
Weak And Getting Weaker, Mish Says) Given
the declining trend has been in place for several weeks (at least), Wednesday
has the look of a "capitulation day" for the remaining econo-bulls.
As a result, the market may be set up for an upside surprise on Friday if the
May jobs number is anything but horrific. While the official consensus estimate
is for 170,000 jobs, the "whisper number" is now 100,000 according to
Reuters.While Jeff
Macke describes today's action as just noise within the trading range of
S&P 1300 to 1340, the heavy selling seemingly confirms the trend of
one-step forward, two-steps back that has been in force since early May. The
question is whether the stock market is just catching on to economic reality or
sniffing out something far worse in the offing, like QE3 or a political
breakdown over the debt ceiling.Aaron Task is the host of The Daily Ticker.
You can follow him on Twitter at @atask
or email him at [email protected] ‘
Top
3 Reasons Markets Got Drop Kicked After Horrible Jobs and Manufacturing Data
Wall St. Cheat Sheet On Wednesday June 1, 2011, ‘Markets closed down on Wall
Street: DJI -2.22% SP500 -2.28% Nasdaq -2.33% Gold 0.16% Oil -2.87% . Markets
were in a downtrend all day as trading volume remained low. On the commodities
front, Oil (NYSE:USO) dropped over $3 from the high of the day to land
back below $100 a barrel. Gold (NYSE:GLD) caught some love on the usual QE3 talk and
another downgrade of Greece, while Silver (NYSE:SLV) got crushed nearly 5%.
Today’s
markets were down because:
1) Economic
data sucked . First we started with a much
weaker than expected ADP Employment report. That was the shot heard ’round
Wall Street. Then analysts tripped over each other to lower estimates for
tomorrow’s big Non-Farm Payrolls report. After that, the pessimists were
rewarded again as ISM
Manufacturing missed analyst expectations by a mile. The mantra for the
remainder of the day has been “slowdown”.
2) Automakers
offered disappointing news. The mantra continued as Ford (NYSE:F), General Motors (NYSE:GM), and Toyota (NYSE:TM) announced poor
automobile sales data. But data was brighter for retailers as we noted in
our Retailer
Roundup.
3) Tech had
another big day. Nokia
(NYSE:NOK) is getting hit like a bear raid and LinkedIn (NYSE:LNKD) broke
technical support as we warned yesterday. On a positive note, Netflix (NASDAQ:NFLX) and Apple (NASDAQ:AAPL) have a lot of positive focus on their
businesses during the All Things Digital Conference and next week’s Apple
Developer’s Conference. But the stocks are still down in the slaughter.
Bonus: Cisco
Projects Insane Growth in Web-Users and Data Traffic
Now that
you’re in the know, enjoy your evening!’
U.S.
Markets and ETFs Stumble On Weak Economic Data ETF Trends , June
1, 2011, ‘Disheartening economic
data, namely from private-sector jobs and manufacturing growth, pointed to a
slowing economy, sending markets and exchange traded funds (ETFs) lower.
The Institute
for Supply Management index of activity in manufacturing – the purchasing
managers’ index, or PMI – declined from 60.4 in April to 53.5 in May, which was
well below the expected drop to 57.0, report Steven Russolillo and Brendan
Conway for The Wall Street Journal . Nevertheless, readings above 50
indicate an expanding economy. [ Economic Data Tempers Gains in U.S. Markets
and ETFs. ]
The
lower-than-expected employment number from private-sector jobs in the U.S. only
increased by 38,000 last month, whereas economists had previously anticipated
an influx of 190,000. According to the ADP report, the employment gauge
plummeted to 58.2, a low last seen in October 2010, from 62.7.
The ISM’s
production index fell from 63.8 in April to 54.0 and new orders dropped from
61.7 to 51.0, a low last seen in June 2009, write Alex Kowalski and Shobhana
Chandra for Bloomberg .
Construction
spending inched up 0.4% in April, but the number was revised downward from the
previous month.
- SPDR S&P 500 ETF (NYSEArca:SPY) is down 1.3%.
- PowerShares QQQ (NasdaqGM:QQQ) is down 1.17%.
- SPDR Dow Jones Industrial Average ETF (NYSEArca:DIA) is down 1.4%.
For more information on the U.S. markets, visit our
S&P 500 category .
Max Chen contributed to this article.’
It's
A Cyclical Downturn In The Global Economy: Nobody Escapes at Forbes
Robert Lenzner StreetTalk
[ Yes. Mr. Lenzner is quite right. And, the natural concomitant of this
cyclical downturn is the secular bear market in this secular downtrend. That’s
the economic and financial reality, exacerbated by fraud, corruption and what
they’re doing and not doing. ]
‘The sharp fall in the
industrial manufacturing index– from 60.4 to 53.5 in a single month is
abundant proof that we have reached a cyclical turn in the economy says
Lakshman Acouthan, CEO of ECRI, a highly respected economic consulting
firm in New York.
“This is a
cyclical turn,” Acouthan just told me. “It is worldwide. Nobody escapes,” the
ECRI executive told me after reading today’s economic tea leaves– which were
seriously negative and distinctly different than the growth predicted by
most large Wall Street institutions.
By
underscoring “nobody escapes,” I believe Acouthan was referring to China, where
there are signs that higher interest rates and stiff restrictions on bank
reserves have begun to bite into industrial growth and commodity
prices.
Acouthan
believes stock markets and commodity prices, especially metals and energy, will
continue to be under pressure.
And
Wednesday’s plummeting share prices in the US were dramatic, as investors ran
for the exits and drove the indexes down a solid 2%. New jobs in the
private sector were meager, and home prices weakened again to the point wherer
prices in many cities have returned to pre-2002 levels. I anticipate more
softness in residential homes, which wil cetainly affect consumer sentiment.
Then, too, the
yield on 10 year Treasuries, the most watched interest rate in financial
markets, keept falling well below the 3% mark, closing at a yield of 2.94% just
as my bond guru Bob Smith of Smith Capital had been predicting. So far, PIMCO’s
Bill Gross has egg on his face for selling his Treasury bonds and then going
short– betting that interest rates would spike and bond prices weaken.
GM shares
plummeted on the surprisingly weak sales of autos in the most recent period. By
the end of the trading session shares of integrated oil companies were weaker.
Only gold seemed to climb in an undramatic fashion to finish the day higher.
Sadly, the
rout of the risk trade may mean that the Fed’s monthly $600 billion QE2
quantitative easing has not bolstered the economy so much as it induced
speculation in stocks and commodities.’
The
10 Most Heavily Traded Stocks Selling Off Big Today Wall St. Cheat
Sheet
QE2
a Failure, Forget QE3, Says UBS at The Wall Street Journal
AT&T
Buys T-Mobile Merger Support With Payoffs to United Way, NAACP, Governor's Wife
at Minyanville
Minyanville's
T3 Daily Recap: Market Sells Off on Slowing Economy at Minyanville
Stocks Tumble As Weak Economic Data Prompt Recovery Fears
Steven Russolillo | U.S. stocks plunged Wednesday
after a slew of downbeat reports prompted fears that the nation’s economic
recovery is running out of steam.
Market strategist: “We’re on the verge of a great, great
depression” CNBC | “What we’ve got right now is
almost near panic going on with money managers and people who are responsible
for money.”
Fed Ready to Print More Funny Money on QE3 Rumors Kurt
Nimmo | Latest effort by the Fed to finance the government’s
staggering deficit will end this month.
Amazon
Tax Bill Passes California State Assembly NBC LA |
California could collect more than $1 billion a year by taxing Amazon and other
online retailers if a bill approved by the Assembly becomes law.
House
Republicans Meet With Obama After Rejecting Debt Ceiling Increase Fox
| The proposal to raise the nation’s $14.3 trillion ceiling by another $2.4
trillion failed.
Why
Gold Is Still a Good Long-Term Investment If all currencies are moving up
or down together, the question is: relative to what? Gold is the canary in the
coal mine. It signals problems with respect to currency markets. Central banks
should pay attention to it.
Suddenly
Everyone Is Warning About The Next Financial Collapse Are we about to see a
repeat of 2008 (or something even worse)? Suddenly all kinds of people are
coming out of the woodwork and warning that we could be on the verge of the
next major financial collapse.
One
percent holds 39 percent of global wealth Around one percent of households
have 39 percent of the globe’s wealth according to a study published Tuesday,
pointing to increased inequalities in the wake of the global downturn.
Billion
Dollar Fund Managers Agree: The Government Never Fixed the Underlying Economic
Problems, So We’ll Have Another Crash While the snake oil salespeople at
the retail investing level and the bobble heads on the kool aid selling
financial channels have been saying for years that we’re in a “recovery”
(albeit a slow one), billion dollar fund managers say that nothing has changed
and we’ll have another crash.
National / World
Stocks Tumble As Weak Economic Data Prompt Recovery Fears
Steven Russolillo | U.S. stocks plunged Wednesday
after a slew of downbeat reports prompted fears that the nation’s economic
recovery is running out of steam.
Three Powerful New Films Coming to the Infowar PrisonPlanet.tv
| We have added several exclusive bombshell video interviews for subscribers at
Prison Planet.tv
Market strategist: “We’re on the verge of a great, great
depression” CNBC | “What we’ve got right now is
almost near panic going on with money managers and people who are responsible
for money.”
Fed Ready to Print More Funny Money on QE3 Rumors Kurt
Nimmo | Latest effort by the Fed to finance the government’s staggering
deficit will end this month.
18 Signs Life In U.S. Public Schools Now Equivalent To
Life In U.S. Prisons The American Dream | When I
was young we would joke that going to school was like going to prison, but
today that is actually true.
Florida
governor signs welfare drug-screen measure CNN | Claims
welfare payments subsidize drug addiction.
Ron
Paul: We Are Enabling A Future American Dictatorship Steve Watson
| 2012 candidate warns that lack of oversight is enabling the rise of a
dictatorship in the US.
The
Federal Reserve Cartel: The Eight Families Dean Henderson
| Four Horsemen of Banking are among the top ten stock holders of virtually
every Fortune 500 corporation.
Fukushima:
French research institute finds high radioactivity NHK |
Radiation in Fukushima Prefecture 60 times higher than the annual reference
level.
NATO
extends Libya air war, says Kadhafi will go AFP | NATO
Wednesday extended its Libyan air war by three months. Drudgereport: FLASHBACK:
Obama: U.S. Involvement Would Last 'Days, Not Weeks'...
‘Summer
of War’ by NATO: 90 more days of Libya bombing NATO has declared its
extending its operation in Libya by another three months. The alliance chief
says this decision is meant to prove to Muammar Gaddafi that the alliance is
determined to fulfil the UN mandate. Let’s cross live to James Corbett an
editor of an independent news website to discuss the latest developments.
Military
Escalation: “Phase Two” of the War on Libya A new phase of the war is
unfolding leading to a process of military escalation as well the eventual
landing of US-NATO commandos on Libya’s shores. An unprecedented deployment of
naval power in the Mediterranean is occurring.
Psych
drug doctors now pushing to add lithium to drinking water Chlorine,
fluoride, and the various other chemical poisons already added to the nation’s
drinking water supplies are apparently not enough for the self-appointed
experts whose insatiable lust to force-medicate the world is never satisfied.
Tiny
Payout In TSA Breast Exposure Lawsuit The U.S. government paid a paltry
$2350 to settle a lawsuit brought by a Texas woman who sued the Transportation
Security Administration after her breasts were exposed during a vigorous
frisking at a Texas airport, records show.
Strategist:
World On The Verge Of Great, Great Depression And The Fed Knows It A
notable market strategist has told CNBC that the world is on the verge of the
largest financial meltdown in history, warning that Wall Street is at a loss as
to what to do regarding the ailing economy.
Stocks sink
as banks slash jobs outlook Stocks skidded on Wednesday as more weak
economic data cemented fears the U.S. recovery was running out of steam and
prompted Wall Street firms to slash forecasts ahead of the closely watched
payrolls report on Friday.
Obama
Bailout of Gov’t Motors to Cost Taxpayers at Least $14 Billion A report
today from the president’s National Economic Council says the government will
lose less than $16 billion — which would amount to 20% of the $80 billion spent
to bail out the U.S. auto industry.
Check
Out These Exclusive New Videos At Prison Planet.tv We have added several
exclusive bombshell video interviews for subscribers at Prison Planet.tv – with
more to come. Check out the trailers for these new presentations below and
consider becoming a member at Prison Planet.tv.
NATO
extends Libya operations to September NATO said on Wednesday it had
extended its Libyan mission for a further 90 days, after Muammar Gaddafi made
it clear he would not step down, dashing hopes of a negotiated end to the
uprising against his rule.
Fed
Ready to Print More Funny Money on QE3 Rumors Simon Maughn, co-head of
European equities at MF Global, has told CNBC that a third round of so-called
quantitative easing is in the works. The private Federal Reserve will again
become the marginal buyer of bonds.
Gen.
Hamid Gul: US will start WW3 if war expands to Pakistan Amid the fallout
between Washington and Islamabad over the killing of Osama Bin Laden, RT spoke
to Hamid Gul, former chief of Pakistan’s Intelligence Agency. He calls the US a
haughty empire spoiled by a sense of authority.
Rep.
Paul to Fed: Tell Us Everything, or Else The chairman of the House
subcommittee that oversees the Federal Reserve demanded Tuesday that the Fed
fully disclose details of billions — perhaps trillions — in secret emergency
loans it made to almost every major bank in the U.S. and overseas during the
financial crisis or face a congressional subpoena for the information.
Housing
market ‘double dips’ The prices of
single-family homes dropped to their lowest level since April 2009. Consumer
confidence drops to six-month low (Washington Post) [ Little more much worse than expected very
bad news and we’ll see new highs on fraudulent wall street. And, no; the worse
than expected news was not ‘already baked into valuations / pricing. Just
manipulated fraud as before and as always on fraudulent wall street. Globally, and in fraudulent america
particularly, the stock markets / bourses are a total joke as they try to
window dress their end of month figures based on b*** s*** alone. We’ve seen
this before as it played out in the prior phase of this ongoing financial
crisis. Shiller Home Price Index comes in at 100% worse than expectations … and
don’t forget, that includes the dollar debasing realities which makes this
report even more dire. Take this ‘me too’ pop on fraudulent wall street as an
especially great opportunity to sell, take profits since there is much, much
worse to come. Remember: ‘sell in May and go away’ … so … don’t be a lune,
loon, sell in June! Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s over objection of the
FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized
crime [ this was documented with authority in the book Goombata: The Improbable
Rise and Fall of John Gotti and His Gang John
Cummings
(Author), Ernest
Volkman (Author) Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Milbank:
Congress clocks in to clock out (Washington Post) [ ‘At 10 a.m. Tuesday morning, the Senate came
to order. Forty-one seconds later, it adjourned. During this legislative
session, there was no bill under consideration, no debate on the floor, not
even an opening prayer or a pledge of allegiance. The only senator in the
chamber was Mark Warner (D-Va.), the presiding officer. ‘After completing his gavel duties, Warner
looked up at the 20 tourists in the public gallery and wondered aloud to the
clerk what the spectators must think of the proceedings.“They think, ‘this is
our government?’ ” the clerk replied. That’s if they’re being charitable. The
Senate is supposed to be in Memorial Day recess this week. But the chamber is
so ungovernable that Majority Leader Harry Reid doesn’t even have the votes to
declare a recess. So he decided instead to have a few “pro forma” sessions,
such as Tuesday’s, allowing senators to take a vacation without voting for it.
In a sense, the Senate has been in a pro-forma session all year…’ Now who’s
being charitable … I’d say Mr. Milbank in his euphemistic description supra as
well as his unflinching defense of
wobama the b (for b***s***) despite wobama’s reneging on virtually all his
campaign promises / rhetoric to the nation’s unequivocal detriment. Thus, it is
indeed Mr. Milbank, journalistically speaking, who as well clocks in to clock
out. Simply put, wobama is nothing less than the worst of the democratic
platform combined with the worst of the republican platform. At near single
digit approval rates for congress, I find it difficult to imagine a realistic
approval rate for wobama exceeding same.
Davis ‘This is how we
pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend $1Tn
on the military and $1Tn on tax cuts for the top 1% each year). There is no
fixing this and even a Republican said you can’t fool all of the people all of
the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan; indeed they are. [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones |
U.S. intelligence is that bin Laden needs dialysis
every 3 days/ http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
]
Karzai
orders change in U.S. strategy
Afghan president’s ultimatum could complicate U.S. drawdown. (Washington
Post) [ Karzai’s always been hot-air
and antithetical to the true sovereign interests of Afghanistan, acting
more as a war criminal nation american shill.
Davis ‘This is how we
pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan; indeed they are. [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones |
U.S. intelligence is that bin Laden needs dialysis
every 3 days/ http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
]
House
rejects debt ceiling increase The
317-to-98 vote was a bipartisan rejection of extending the nation’s current
debt limit of $14.3 trillion unless major spending reductions accompany the
legislation. (Washington Post) [ Well, perish the thought that increases in
liabilities should be commensurate with decreases in liabilities to maintain a
… balance … sheet? At this point, who’s counting? After all, are there really
degrees of defacto bankruptcy? Or, an either / or absolute state; viz., you are
or you’re not defacto bankrupt. Pervasively corrupt, defacto bankrupt america
is in fact defacto bankrupt! … Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times. The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this
week,” Brooks said. “They’re vastly underestimating the source of piolitical
risk here. We could have a major problem, I think, either this summer or the
next couple years. And I’d be worried about investing too much in the market.
That’s my financial advice.”I have to admit Brooks woke me up. I had blithely
been assuming a deal to raise the debt limit would get resolved at the last
minute–the classic American way. But, the showdown between Republican cutters
and Democrat defenders of Medicare may a lot more treacherous a path than I
anticipated.And the potential deep cuts underscore what I mentioined in my “Market’s
Wall of Worry” post yesterday about the prospects of the Income line
of the GDP being reduced by necessity. Cut Medicare and lerss money will
be spent on health care, less money on medical instruments, less money on
drugs, on pills, on doctotrs visits.Less money on healthcare means less money
circulating and so less tax revenue. It’s a future scenario few of us
want to contemplate. A runup to possible default will not be positive for the
stock market. Even if dfefault is avoided then, the notion that Wall
Street doesn’t get the crisis measns there’s too much denial of reality in
stock prices. I’m with David Brooks.’ … TEMPLETON
chairman: Financial Crisis 'Around Corner'... By Kana
Nishizawa / Bloomberg - May 30, 2011 ‘ Mark
Mobius, executive chairman of Templeton Asset Management’s emerging markets
group, said another financial crisis is inevitable because the causes of the
previous one haven’t been resolved …’ STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Business
Insider Joe Weisenthal …
Globally, and in fraudulent america particularly, the
stock markets / bourses are a total joke as they try to window dress their end
of month figures based on b*** s*** alone. We’ve seen this before as it played
out in the prior phase of this ongoing financial crisis. Shiller Home Price
Index comes in at 100% worse than expectations … and don’t forget, that
includes the dollar debasing realities which makes this report even more dire.
Take this ‘me too’ pop on fraudulent wall street as an especially great
opportunity to sell, take profits since there is much, much worse to come.
Remember: ‘sell in May and go away’ … so … don’t be a lune, loon, sell in
June! Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
Globally, and in fraudulent america
particularly, the stock markets / bourses are a total joke as they try to
window dress their end of month figures based on b*** s*** alone. We’ve seen
this before as it played out in the prior phase of this ongoing financial
crisis. Shiller Home Price Index comes in at 100% worse than expectations … and
don’t forget, that includes the dollar debasing realities which makes this
report even more dire. Take this ‘me too’ pop on fraudulent wall street as an
especially great opportunity to sell, take profits since there is much, much
worse to come. Remember: ‘sell in May and go away’ … so … don’t be a lune,
loon, sell in June! Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
The
Market’s Wall of Worry [ http://blogs.forbes.com/robertlenzner/2011/05/29/the-markets-wall-of-worry ] Robert
Lenzner Street Talk ‘
* QE2 will be over in 30 days. That removes a $600 billion injection of money
in the financial system.
*The bottom
line all talks of cuts is less federal, state and local spending. Removes money
from income total for the nation.
*Meanwhile, cost
of healthcare, food, transportation continues to rise squeezing middle
class.
*The yield on
10 year Treasuries is 3.11% and trending lower in anticipation soifter economy.
*Housing
market could continue weak for some years, not months, affecting millions of
ordinary Americans.
* Price of
crude oil makes gasoline expensive and brings demand destruction.
* Stocks rally
now over 2 years old. Commodities have also run up bigtime.
* China trying
to slow its economic growth and having difficulty doing so.
*Europe facing
costly bailouts troubled nations and weaker financial institutions.
*Showdown over
Palestinian state could lead to another outbreak hostilities in the Middle
East.
*If US, Europe
and China slowing what are the prospects for global economy, corporate profits,
market valuations?
*Japan badly
hurt by earthquake and tsumami.
*Trade volumes
decline more sharply than output during downturns according to The Economist.
*But OECD
predicts GDP up 4.2% and trade volumes gain 8%.
The
Beginning of the End of QE2 and 18 Other Issues Making Investors NervousTue
May 31st, 2011Lloyd
Khaner Lloyd's Wall of Worry remains relatively high, meaning now is the
time to look for stock market bargains.
The technical charts continue to dumbfound investors, while unwelcome world
events -- stunning inflation in India, ongoing unrest in the Middle East, and
massive power shortages in China -- are sending the jitters through global
markets. The Wall of Worry, therefore, remains relatively-high this week, at 19
blocks. For more on how to use this column as an investing tool, see "What
is Lloyd's Wall of Worry?" below. For a look at the the specific issues
making investors nervous right now,
keep reading.
Week of May 30 - June 3
Worry count: 19
QE II: My wife says, "What’s all the hubbub about the QE II? “It’s a
really lovely ship, with bingo on the Lido deck and lots of well dressed people
with cool accents from all over the world.” God, I love that woman! (Click here
for our ticking QE2 countdown clock.)
U.S. ECONOMY: From hero to zero in one quick month. Hey, June, can you throw us
a bone here?
UNEMPLOYMENT: Job Creation Plan: Hire people to go out and count all the houses
that are for sale, are in foreclosure, are empty and are inhabited by non-human
animals. Not a perfect plan I admit, but give me cred for its original, unique,
and entirely hare-brained nature.
U.S. DEBT CEILING: The latest in a long list of political footballs. This time
each side is just punting the ball back and forth without any real effort to
score. For the first
time in head-to-head competitive history, both teams may find a way to lose.
INVESTOR SENTIMENT: Call it a Dickens Market -- it was the best of times and
now it’s nearly the worst of times as extreme bullish sentiment becomes
extremely bearish in just a week or so.
HOUSING CRISIS: A recent government press release says it will take 9.2 months
to sell all the homes on the market right now. Of course, the specific
year/decade those 9.2 months will fall into the release didn’t specify.
INFLATION: India, strong in many ways but not known to be No. 1 in any one
economic sector -- until now. It has just landed the coveted top spot as the
Asian economy with the highest inflation, fueled by a estimated salary increase
of 13% in 2011. अचà¥à¤›à¤¾ दà¥: ख! That’s “good grief!” in Hindi.
STOCK MARKET TECHNICALS: Went to one of those Spiritual Readers and Advisors to
get the answer to this technical mayhem and was next in to meet with “Wilomena
of Wall Street” when my appointment got canceled. She picked up 1,000 LinkedIn
(LNKD) IPO
shares and flipped them, thus declaring huge profits and retirement. The market
mystery continues…
FLOODS, TORNADOES, VOLCANOES: Well, we made it through The Rapture and we have
a good year and a half until Mayan 2012 hits, but in the meantime Mother Nature
is reminding us that she is and always has been the real deal.
OIL PRICES: Coming off the boil and therefore unlikely to do the damage of a
full-on “oil shock”. Kind of like setting the cattle prod on 7 rather than 10.
You get the full behavioral effect plus you live to share your experience with
the rest of the herd.
ARAB SPRING: Don’t look now but spring is about to turn into summer. Summer can
be warm, sunny and bright, or hot and blazing with fight. As the Zen Master
says, “We’ll see.”
LIBYA: More top officials leaving -- this time it's the chair of Libya's state
oil company. Could be a real sign of trouble for Mo-Mo, or maybe the oil chief
is taking a cue from America's CEOs and "spending more time with
family."
JAPAN: Back into recession, back on the ropes. "It's about
how hard you can get it and keep moving forward. How much you can take and keep
moving forward." For what it’s worth, my money’s on Japan moving
forward again.
CHINA: Starting to limit power usage at manufacturers as the hydro and coal
situation is a bit tight in the land of endless growth. Sounds a little scary
for the GDP, but put a “China Going Green” spin on it and no one will notice.
RING OF FIRE + SPAIN + TURKEY: This earthquake thing is spreading in strange
ways. Not the good spread like hot fudge over a sundae, more like that hiking
rash you get when going off trail in your shorts.
CURRENCIES: The state of Utah officially legalizes gold and silver as currency.
Likely just a ruse to get people to buy, store, and borrow against gold in the
state. And likely to work very well.
SOVEREIGN DEBT: Another June, another class of American college grads moves
their tassels and hit the streets. Hottest graduation gift trending now:
One-Year Credit Default Swaps on U.S. Debt. Inspiring to them, I’m sure.
COMMODITIES: Modern economic employment options are varied and I ain’t
complaining, but seeing the parabolic moves in all things that grow in the
ground, well, "Green Acres is the place for me."
INTERNATIONAL MONETARY FUND: The world’s banker or a moveable feast? Or as we
say here in the U.S. “Animal House, Animal House.”
What is Lloyd's Wall of Worry?
by Lloyd
Khaner
Welcome to my at-a-glance guide to the issues facing investors this week -- a
unique tool for traders and money managers.
Typically the term "wall of worry,” refers to the entire body of concerns
influencing stock market action. When the wall is high, meaning the market is
nervous, stocks tend to get cheaper.
This wall of worry is even more specific. Every week I list the exact concerns
in the marketplace and use the list to help me make buying and selling
decisions. As I like to say, "Buy fear, sell cheer."
In other words, once the the wall rises above 15 blocks, start looking for
deals. If the dial sinks below 10, consider selling; prices
have likely peaked.
Click on the image below to view the interactive Wall of Worry page, which now
includes a QE2 countdown clock, ticking down the seconds until the this year's
quantitative easing measures come to a halt.
http://image.minyanville.com/assets/FCK_Jan2011/Image/Lila2/Wall.May31.jpg ‘
U.S.
Home Prices Drop To 2002 Levels, Ho-Hum Says Mr. Market Forbes [ Yeah … they have to say ho-hum so
that they’re not caught saying … duh! Shiller Home Price Index comes in
at 100% worse than expectations … and don’t forget, that includes the dollar
debasing realities which makes this report even more dire. ]
S&P/Case-Shiller Home Price Indices http://www.standardandpoors.com/indices/sp-case-shiller-home-price-indices/en/us/?indexId=spusa-cashpidff--p-us---- The S&P/Case-Shiller Home Price
Indices are the leading measures for the US residential housing market,
tracking changes in the value of residential real estate both nationally as
well as in 20 metropolitan regions. The indices are calculated monthly and
published with a two month lag. New index levels are released at 9am Eastern
Standard Time on the last Tuesday of every month.
Latest Press Release
31-May-2011
09:00
Data
through March 2011, released today by Standard & Poor’s for its S&P/Case-Shiller
Home Price Indices, the leading measure of U.S. home prices, show that the U.S.
National Home Price Index declined by 4.2% in the first quarter of 2011...
* The S&P/Case-Shiller Home Price Indices are
calculated monthly using a three-month moving average and published with a two
month lag. New index levels are released at 9 am on the last Tuesday of every
month.
(data as of 31-May-2011)
Home Price Index Levels
Home Price Sales Pair Counts
U.S. National Index Levels
Home Price Tiered Index Levels
Condominium Index Levels
Condominium Sales Pair Counts
Key
Housing Indicators (Monthly)
The Latest
Indicators are usually updated by 2 pm on the last Tuesday of every month.
Index Announcements
National
Home Prices Hit New Low in 2011 Q1 According to the S&P/Case-Shiller Home
Price Indices
Data
through March 2011, released today by Standard & Poor’s for its
S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home
prices, show that the U.S. National Home Price Index declined by 4.2% in the
first quarter of 2011...
Home
Prices Edge Closer to 2009 Lows According to the S&P/Case-Shiller Home
Price Indices
Data
through February 2011, released today by Standard & Poor’s for its
S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home
prices, show prices for the 10- and 20-city composites are lower than a year
ago but still slightly above...
Home
Prices Off to a Dismal Start in 2011 According to the S&P/Case-Shiller Home
Price Indices
Data
through January 2011, released today by Standard & Poor’s for its S&P/Case-Shiller
Home Price Indices, the leading measure of U.S. home prices, show further
deceleration in the annual growth rates in 13 of the 20 MSAs and the 10- and
20-City...
Index Research
S&P/Case-Shiller
Home Price Indices: 2010 A Year In Review
S&P/Case-Shiller
Home Price Indices and Seasonal Adjustment
S&P/Case-Shiller
Home Price Indices: 2009 A Year In Review
NATIONAL HOME PRICES HIT NEW LOW IN 2011 Q1
According to the S&P/Case-Shiller Home Price
Indices
New York, May 31, 2011 – Data through March 2011, released today
by Standard & Poor’s for its
S&P/Case-Shiller1 Home Price Indices, the
leading measure of U.S. home prices, show that the U.S.
National Home Price Index declined by 4.2% in the first quarter of
2011, after having fallen 3.6% in the
fourth quarter of 2010. The National Index hit a new recession low
with the first quarter’s data and
posted an annual decline of 5.1% versus the first quarter of 2010.
Nationally, home prices are back to
their mid-2002 levels.
As of March 2011, 19 of the 20 MSAs covered by
S&P/Case-Shiller Home Price Indices and both
monthly composites were down compared to March 2010. Twelve of the
20 MSAs and the 20-City
Composite also posted new index lows in March. With an index value
of 138.16, the 20-City Composite
fell below its earlier reported April 2009 low of 139.26.
Minneapolis posted a double-digit 10.0% annual
decline, the first market to be back in this territory since March
2010 when Las Vegas was down 12.0%
on an annual basis. In the midst of all these falling prices and
record lows, Washington DC was the only
city where home prices increased on both a monthly (+1.1%) and
annual (+4.3%) basis. Seattle was up a
modest 0.1% for the month, but still down 7.5% versus March 2010.
1 Case-Shiller®
and Case-Shiller Indexes®
are registered trademarks of Fiserv, Inc.
The chart on the previous page depicts the annual returns of the
U.S. National, the 10-City Composite
and the 20-City Composite Home Price Indices. The
S&P/Case-Shiller U.S. National Home Price Index,
which covers all nine U.S. census divisions, recorded a 5.1%
decline in the first quarter of 2011 over the
first quarter of 2010. In March, the 10- and 20-City Composites
posted annual rates of decline of 2.9%
and 3.6%, respectively. Thirteen of the 20 MSAs and both monthly
Composites saw their annual growth
rates fall deeper into negative territory in March. While they did
not worsen, Chicago, Phoenix and
Seattle saw no improvement in their respective annual rates.
“This month’s report is marked by the confirmation of a double-dip
in home prices across much of the
nation. The National Index, the 20-City Composite and 12 MSAs all
hit new lows with data reported
through March 2011. The National Index fell 4.2% over the first
quarter alone, and is down 5.1%
compared to its year-ago level. Home prices continue on their
downward spiral with no relief in sight.”
says David M. Blitzer, Chairman of the Index Committee at S&P
Indices. “Since December 2010, we
have found an increasing number of markets posting new lows. In
March 2011, 12 cities - Atlanta,
Charlotte, Chicago, Cleveland, Detroit, Las Vegas, Miami,
Minneapolis, New York, Phoenix, Portland
(OR) and Tampa - fell to their lowest levels as measured by the
current housing cycle. Washington D.C.
was the only MSA displaying positive trends with an annual growth
rate of +4.3% and a 1.1% increase
from its February level.
“The rebound in prices seen in 2009 and 2010 was largely due to
the first-time home buyers tax credit.
Excluding the results of that policy, there has been no recovery
or even stabilization in home prices
during or after the recent recession. Further, while last year saw
signs of an economic recovery, the most
recent data do not point to renewed gains.
“Looking deeper into the monthly data, 18 MSAs and both Composites
were down in March over
February. The only two which weren’t, are Washington DC, up 1.1%,
and Seattle, up 0.1%. Atlanta,
Cleveland, Detroit and Las Vegas are the markets where average
home prices are now below their
January 2000 levels. With a March index level of 100.27, Phoenix
is not far off.”
S&P/Case-Shiller U.S. National Home Price
Index
[chart]
US National, index level (left)
US National, %chya (right)
Nationally, home prices are back
to their mid-2002 levels
Record low decline of 18.9% in
2009Q1 (solid line)
National
index hits
new low in
2011Q1
(dotted line)
Source: Standard & Poor's and Fiserv
2011 Q1 2011 Q1/2010 Q4 2010 Q4/2010 Q3
Level Change (%) Change (%) 1-Year Change (%)
U.S. National Index 125.41 -4.2% -3.6% -5.1%
March
2011 March/February February/January
METROPOLITAN AREA LEVEL CHANGE (%) CHANGE (%)
1-YEAR CHANGE (%)
ATLANTA 98.36 -1.9%
-0.1% -5.2%
BOSTON 147.36 -1.7%
-1.5% -2.7%
CHARLOTTE 106.96 -2.4%
-1.3% -6.8%
CHICAGO 110.57 -2.4%
-2.2% -7.6%
CLEVELAND 96.80 -1.8%
-0.7% -6.3%
DALLAS 112.89 -0.8%
-0.2% -2.5%
DENVER 120.55 -0.6%
-1.2% -3.8%
DETROIT 67.07 -2.0%
0.8% -0.9%
LAS VEGAS 97.18 -1.1% -1.0% -5.3%
LOS ANGELES 167.77 -0.3% -1.0% -1.7%
MIAMI 137.28 -0.8%
-2.0% -6.1%
MINNEAPOLIS 105.57 -3.7%
-3.3% -10.0%
NEW YORK 163.50
-0.9% -0.6% -3.4%
PHOENIX
100.27 -0.5% -0.7% -8.4%
PORTLAND 132.67 -0.7%
-1.6% -7.6%
SAN DIEGO 153.88 -0.8%
-1.3% -4.0%
SAN FRANCISCO 129.82 -0.1%
-2.6% -5.1%
SEATTLE 132.97 0.1% -1.9%
-7.5%
TAMPA
127.08 -0.7% -0.8% -6.9%
WASHINGTON
182.98 1.1% -0.3% 4.3%
COMPOSITE-10 151.66 -0.6%
-1.2% -2.9%
COMPOSITE-20 138.16 -0.8%
-1.1% -3.6%
Source: Standard & Poor's and Fiserv
Data through March 2011
The chart on the previous page shows the index levels for the U.S.
National Home Price Index, as well as
its annual returns. As of the first quarter of 2011, average home
prices across the United States are back
at their mid-2002 levels. The National Index level hit a new low
in the first quarter of 2011; it fell by
4.2% in the first quarter of 2011 and is 5.1% below its 2010Q1
level.
Eleven cities and both Composites have posted at least eight
consecutive months of negative month-overmonth
returns. Of these, eight cities are down 1% or more. The only
cities to post positive improvements
in March versus their February levels are Seattle and Washington
D.C. with monthly returns of +0.1%
and +1.1% respectively.
The table below summarizes the results for March 2011. The
S&P/Case-Shiller Home Price Indices are
revised for the 24 prior months, based on the receipt of
additional source data. More than 23 years of
history for these data series is available, and can be accessed in
full by going to
www.homeprice.standardandpoors.com
Since its launch in early 2006, the S&P/Case-Shiller Home
Price Indices have published, and the markets
have followed and reported on, the non-seasonally adjusted data
set used in the headline indices. For
analytical purposes, Standard & Poor’s does publish a
seasonally adjusted data set covered in the
headline indices, as well as for the 17 of 20 markets with tiered
price indices and the five condo markets
that are tracked.
A summary of the monthly changes using the seasonally adjusted
(SA) and non-seasonally adjusted
(NSA) data can be found in the table below.
NSA SA NSA SA
US National -4.2%
-1.9% -3.6% -1.8%
Metropolitan Area NSA SA NSA SA
Atlanta -1.9% -1.2% -0.1% 0.6%
Boston -1.7% -0.9% -1.5%
-0.7%
Charlotte -2.4% -2.6% -1.3%
-0.8%
Chicago -2.4% -0.8% -2.2%
-0.7%
Cleveland
-1.8% -1.3% -0.7% 0.6%
Dallas -0.8% -0.8% -0.2%
0.3%
Denver -0.6% -0.3% -1.2%
-0.5%
Detroit -2.0% -0.7% 0.8%
1.8%
Las Vegas -1.1% -0.6% -1.0%
-0.4%
Los Angeles -0.3%
0.1% -1.0% -0.1%
Miami -0.8% 0.3% -2.0% -1.5%
Minneapolis -3.7%
-2.5% -3.3% -1.5%
New
York -0.9% -0.1% -0.6% -0.2%
Phoenix -0.5% 0.1% -0.7%
0.1%
Portland -0.7% -0.4% -1.6%
-0.8%
San Diego -0.8% -0.9% -1.3%
-0.8%
San Francisco -0.1%
0.5% -2.6% -1.6%
Seattle 0.1% 0.2% -1.9%
-1.7%
Tampa -0.7% 0.0% -0.8% -0.1%
Washington 1.1% 1.2% -0.3%
0.5%
Composite-10 -0.6% -0.1%
-1.2% -0.3%
Composite-20 -0.8% -0.2%
-1.1% -0.2%
Source: Standard & Poor's and Fiserv
Data
through March 2011
March/February Change (%) February/January
Change (%)
2011 Q1/2010 Q4 2010 Q4/2010 Q3
S&P Indices has introduced a new blog called HousingViews.com.
This interactive blog delivers realtime
commentary and analysis from across the Standard & Poor’s
organization on a wide-range of topics
impacting residential home prices, homebuilding and mortgage
financing in the United States. Readers
and viewers can visit the blog at www.housingviews.com, where feedback and
commentary is certainly
welcomed and encouraged.
The S&P/Case-Shiller Home Price Indices are published on the
last Tuesday of each month at 9:00 am
ET. They are constructed to accurately track the price path of
typical single-family homes located in each
metropolitan area provided. Each index combines matched price pairs
for thousands of individual houses
from the available universe of arms-length sales data. The
S&P/Case-Shiller National U.S. Home Price
Index tracks the value of single-family housing within the United
States. The index is a composite of
single-family home price indices for the nine U.S. Census
divisions and is calculated quarterly. The
S&P/Case-Shiller Composite of 10 Home Price Index is a
value-weighted average of the 10 original
metro area indices. The S&P/Case-Shiller Composite of 20 Home
Price Index is a value-weighted
average of the 20 metro area indices. The indices have a base
value of 100 in January 2000; thus, for
example, a current index value of 150 translates to a 50%
appreciation rate since January 2000 for a
typical home located within the subject market.
These indices are generated and published under agreements between
Standard & Poor’s and Fiserv, Inc.
The S&P/Case-Shiller Home Price Indices are produced by
Fiserv, Inc. In addition to the S&P/Case-
Shiller Home Price Indices, Fiserv also offers home price index
sets covering thousands of zip codes,
counties, metro areas, and state markets. The indices, published
by Standard & Poor's, represent just a
small subset of the broader data available through Fiserv.
For more information about S&P Indices, please visit www.standardandpoors.com/indices.
About S&P Indices
S&P Indices, the world’s leading index provider, maintains a
wide variety of investable and benchmark
indices to meet an array of investor needs. Over $1.25 trillion is
directly indexed to Standard & Poor's
family of indices, which includes the S&P 500, the world's
most followed stock market index, the
S&P/Case-Shiller Home Price Indices, the leading measure of
U.S. home prices, the S&P Global BMI, an
index with approximately 11,000 constituents, the S&P GSCI,
the industry's most closely watched
commodities index, and the S&P National AMT-Free Municipal
Bond Index, the premier investable index
for U.S. municipal bonds. For more information, please visit www.standardandpoors.com/indices.
Standard & Poor’s does not sponsor,
endorse, sell or promote any S&P index-based investment product.
For more information:
David R. Guarino
Standard & Poor’s
Communications
212-438-1471
David Blitzer
Standard & Poor’s
Chairman of the Index Committee
212-438-3907
Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times. The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this
week,” Brooks said. “They’re vastly underestimating the source of piolitical
risk here. We could have a major problem, I think, either this summer or the
next couple years. And I’d be worried about investing too much in the market. That’s
my financial advice.”I have to admit Brooks woke me up. I had blithely been
assuming a deal to raise the debt limit would get resolved at the last
minute–the classic American way. But, the showdown between Republican cutters
and Democrat defenders of Medicare may a lot more treacherous a path than I
anticipated.And the potential deep cuts underscore what I mentioined in my “Market’s
Wall of Worry” post yesterday about the prospects of the Income line
of the GDP being reduced by necessity. Cut Medicare and lerss money will
be spent on health care, less money on medical instruments, less money on
drugs, on pills, on doctotrs visits.Less money on healthcare means less money
circulating and so less tax revenue. It’s a future scenario few of us
want to contemplate. A runup to possible default will not be positive for the
stock market. Even if dfefault is avoided then, the notion that Wall
Street doesn’t get the crisis measns there’s too much denial of reality in
stock prices. I’m with David Brooks.’
TEMPLETON
chairman: Financial Crisis 'Around Corner'... By Kana
Nishizawa / Bloomberg - May 30, 2011 ‘ Mark
Mobius, executive chairman of Templeton Asset Management’s emerging markets
group, said another financial crisis is inevitable because the causes of the
previous one haven’t been resolved. “There is definitely going to be another
financial crisis around the corner because we haven’t solved any of the things
that caused the previous crisis,” Mobius said at the Foreign Correspondents’
Club of Japan in Tokyo today
in response to a question about price swings. “Are the derivatives regulated?
No. Are you still getting growth in derivatives? Yes.” The total value of
derivatives in the world exceeds total global gross domestic product by a
factor of 10, said Mobius, who oversees more than $50 billion. With that volume
of bets in different directions, volatility and equity market crises will
occur, he said. The global financial crisis three years ago was caused in part
by the proliferation of derivative products tied to U.S. home loans that ceased
performing, triggering hundreds of billions of dollars in writedowns and
leading to the collapse of Lehman Brothers Holdings Inc. in September 2008. The
MSCI AC World Index of developed and emerging market stocks tumbled 46 percent
between Lehman’s downfall and the market bottom on March 9, 2009. “With every
crisis comes great opportunity,” said Mobius. When markets are crashing, “that’s
when we’re going to be able to invest and do a good job,” he said. The freezing
of global credit markets caused governments from Washington to Beijing to London to pump more than $3
trillion into the financial system to shore up the global economy. The MSCI AC
World gauge surged 99 percent from its March 2009 low through May 27.
‘Too Big to Fail’
The largest U.S. banks have grown larger since the financial
crisis, and the number of “too-big-to-fail” banks will increase by 40 percent
over the next 15 years, according to data compiled by Bloomberg. Separately,
higher capital
requirements and greater supervision should be imposed on institutions
deemed “too important to fail” to reduce the chances of
large-scale failures, staff at the International
Monetary Fund warned in a report on May 27. “Are the banks bigger than they
were before? They’re bigger,” Mobius said. “Too big to fail.” The money manager had earlier
said at the same event that Africa
has an “incredible” investment potential and that he has stakes in Nigerian
banks.
“These banks are doing very well and are much better
regulated than they were in the past,” Mobius said, without disclosing which
lenders he holds. Banks account for five of the eight stocks in the MSCI
Nigeria (MXNI) Index. Guaranty Trust Bank Plc, the country’s No. 2 lender
by market value, surged 31 percent in the six months through May 27, according
to data compiled by Bloomberg. Shares of Access Bank Nigeria Plc recorded the
second-biggest decline on the gauge in the period, the data show.
To contact the reporter on this story: Kana Nishizawa
in Tokyo at [email protected]
To contact the editor responsible for this story:
Nick Gentle at [email protected] ‘
U.S.
Home Prices Drop To 2002 Levels, Ho-Hum Says Mr. Market Forbes
Steve Schaefer ‘Wall Street appears to have already priced in the
latest batch of feeble data from the housing market, with the major indexes
opening sharply higher despite a weak reading from the March
S&P/Case-Shiller index.
The 20-city
index was down 3.6% from a year ago in March, marking “the confirmation of a
double-dip in home prices across much of the nation,” said David Blitzer,
chairman of the index committee at S&P Indices. “Home prices continue on
their downward spiral with no relief in sight.”
For the first
quarter, average prices were down 4.2%, after dropping 3.6% over the last three
months of 2010. The drop back into a double-dip, which has been anticipated for
months, comes as the housing market continues to give back the gains built up
during a debt-fueled bubble that saw an unprecedented surge in prices until the
subprime meltdown signaled the first cracks in the dam a few years ago.
While the
housing market is contributing little, if anything, to the sluggish U.S.
economic recovery, the stock market appears reconciled to that fact, mostly
because it has been
telegraphed for months. Despite the soft reading from the
S&P/Case-Shiller index Tuesday, major equity indexes returned from the
Memorial Day break with a vengeance.
In the first
five minutes of trading the Dow Jones industrial average was up 121 points at
12,563. All 30 blue-chip components were in the green including Home Depot, up 0.5%, which has faced challenges in recent
years as its core business operates at the intersection of housing and consumer
spending.
The S&P
500 gained 13 points to 1,344, while the Nasdaq added 29 points to 2,826. Among
the few big losers in early trading was Nokia, down 13% after cutting its
earnings outlook for the second quarter and full fiscal year. (See “Nokia
Sees Q2 Worse Than Expected.”)’
Another
Financial Crisis Is On The Way, Mobius Says at Forbes Halah Touryalai Working Capital ‘ ‘Warren
Buffett called them weapons of mass destruction. Now those same products,
known as derivatives, are pushing the world closer to another financial crisis.
That’s according to Mark Mobius, executive chairman of Templeton Asset
Management’s emerging markets group. Mobius, who over sees more than $50
billion in assets, says another financial crisis is “around the corner” because
little has changed since recent collapse of the markets.
“There is
definitely going to be another financial crisis around the corner because we
haven’t solved any of the things that caused the previous crisis. Are the
derivatives regulated? No. Are you still getting growth in derivatives? Yes.”
That was his
response to a question about price swings at the Foreign Correspondents’ Club
of Japan in Tokyo today, according
to Bloomberg.
Derivatives
are financial instruments whose value is based on some underlying asset, like a
mortgage for instance, and and can be used to either hedge risk or for
completely speculative positions. There are all kinds of derivatives investors
can invest in or against including something called the death
derivative where, you guessed it, investors bet on people’s deaths.
The most
infamous derivatives are the ones tied to residential mortgages and which led
to the demise of the financial system back in 2008. When homeowners began
defaulting on their mortgages the affect was nearly detrimental to all the
financial institutions that shared the risk through these exotic derivatives.
An IMF
report from 2010 puts it this way:
Over-the-counter (OTC) derivatives markets have grown
considerably in recent years, with total notional outstanding amounts exceeding
$600 trillion at the end of June 2009 (Figure 3.1). During the financial
crisis, the credit default swap (CDS) market, a part of the OTC derivatives
market, took center stage as difficulties in financial markets began to
intensify and the counterparty risk involved in a largely bilaterally cleared
market became apparent. Authorities had to make expensive decisions regarding
Lehman Brothers and AIG based on only partially informed views.
In fact, the
derivatives battle at Lehman Brothers is still waging on with the
counter-parties in Lehman Brothers derivatives trades still looking to get paid
for their bets. Bankrupt Lehman has been in talks for over a year with about a
dozen big-bank counter-parties about the value of the their claims.
Meanwhile, Mobius says the derivatives market today
is still so rife with bets made in different directions that major volatility
is inevitable and the equity markets will suffer. He said the total value of
derivatives in the world exceeds total global gross domestic product by a
factor of 10, according to the Bloomberg report.
The derivatives market is one that regulators are
attempting to reform right now with new rules scheduled to be implemented this
year. The new rules would require more disclosure and transparency.
But like in other attempts at regulating lucrative
lines of business regulators are facing resistance from Wall Street friendly
lawmakers looking to extend the deadline.
Last week, U.S. Rep. Spencer Bachus co-sponsored a
bill that would approve a measure to delay the implementation of to September
2012. The legislation to delay the implementation of rules was passed last week
with Bachus saying the move was neccessary to “restore order to the Dodd-Frank
Act derivatives rulemaking process.” ‘
STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Business
Insider , Tuesday May 31, 2011
‘Anyone of the bearish persuasion is pulling their hair out right now.
But first, the
scoreboard:
Dow: +123.59
NASDAQ: +36.20
S&P 500: +13.12
And now, the
top stories:
- Without a doubt, the #1 story of the moment is
the situation in Greece, a story that's now more than a year old. Over the
weekend, it emerged that the "Troika" (ECB, IMF, EU) were close to a deal, though nothing is signed yet.
Nonetheless, the euro surged, and European markets wen nuts.
- (Asian markets also had a really big day,
despite Moody's warning about Japanese debt, and ongoing concerns about
China.)
- By the time the US morning came around, it was
all risk-on all the time.
- But then lots of bad news came. At 9:00 AM
Case-Shiller showed a sharper than expected fall in home prices in March. Then Chicago PMI came in bad. Then Consumer Sentiment was ugly. Then the Dallas Fed Index dipped into negative territory. The
slowdown in the economy is clearly confirmed.
- And although this did cause the marke to pull
back, it was obvious that nothing was ever in doubt in terms of the rally,
which ended up being huge. There are all kinds explanations, though the
simplest is that for now earnings are now holding up, and that's what counts.
- There really wasn't too much on the corporate
front with earnings season now officially in the big. Apple shares rose on
confirmation that Steve Jobs will appear at the WWDC.
Nokia shares got KILLED after the handset maker lowered its outlook.
Generally, energy was extremely strong all day, as well. Oh, and bonds had
a nice day, continuing to pulverize the shorts.
Greece:
Behold the Default Spiral at The Wall Street Journal Matt Phillips ‘Guy LeBas, chief fixed
income strategist at Janney Capital Markets, tossed this chart into a research
note he published today on the possibilities that the Greece situation could
develop into a full-blown European contagion. He writes:
Greece is in the midst of a classic default spiral,
one of the great paradoxes of the financial markets. In its simplest form, a
debt spiral begins when an issuer, be it a corporation, municipality, or
country faces an upcoming obligation which it needs to refinance. If the
markets deem that issuer to be a poor credit risk, that issuer’s cost of
selling new debt to pay off its upcoming obligation rises, increasing expenses
and further impairing credit quality.
If this cycle raises financing costs to unsustainable
levels, say 24 – 25%, it becomes wholly impossible for the issuer to pay off
upcoming obligations by issuing new ones, hence ensuring a default and earning
the name debt or default spiral. As a default spiral is a self-sustaining game,
the only way for an issuer to solve a default spiral is by breaking the rules
of the game, namely via obtaining external assistance (being acquired, or, in
our example, obtaining low cost loans from other governments) or by defaulting.
The only way that the first option, obtaining support, can work is if that
support somehow restores confidence in the spiraling issuer. [chart
http://s.wsj.net/public/resources/images/OB-OC823_Greece_F_20110531145045.jpg ]
Faith In U.S. Dollars And U.S. Debt Is Dead
The Game Is Over Michael Snyder | A day is coming when the
rest of the world will decide that it no longer has faith in U.S. dollars or in
U.S. debt.
Eleven
million low and middle-income workers’ pay will ‘flatline’ Mail
Online | The average wage taken home by 11 million British workers
will remain ‘roughly the same’ until at least 2015.
Memorial
Day BBQ will cost you 29% more this year thanks to inflation Mail
Online | Those thinking of hosting a BBQ – even a modest one – can
expect to fork out an extra $45 on food to serve a dozen guests.
Uranium
Stocks Under Siege as Fukushima Continues Spewing Radiation James
West | There will be a persistent chorus of uranium investors who have
an audience in the media proclaiming uranium to be the ‘contrarian trade of the
decade’.
What Would
Fractional Silver Mean? Jimm Motyka | I believe that
fractional silver is not going to be a trend, but will be the rule in the
coming year.
When
Faith In U.S. Dollars And U.S. Debt Is Dead The Game Is Over Michael
Snyder | A day is coming when the rest of the world will decide that
it no longer has faith in U.S. dollars or in U.S. debt.
Save Us From The
Tyranny Of Bankers We hope all of our appearances on Greek TV, radio and in
the press have helped the educational process and to allow the Greeks to
identify who the real culprits are, and what to do about it.
More
Political Capture: Goldman Hires Top Republican Fed Transparency Foe; Spends
More Time With SEC Than Any Other Bank So for all those hoping for change
to Wall Street’s criminal practices, the focus should first be on changing
those in both the legislative and regulatory bodies who not only allow, but
actively encourage this kind of behavior.
A 62% Top Tax Rate? Democrats
have said they only intend to restore the tax rates that existed during the
Clinton years. In reality they’re proposing rates like those under President
Carter.
The
Economic Death Spiral Has Been Triggered For nearly 30 years we have had
two Global Strategies working in a symbiotic fashion that has created a
virtuous economic growth spiral. Unfortunately, the economic underpinnings were
flawed and as a consequence, the virtuous cycle has ended. It is now in the
process of reversing and becoming a vicious downward economic spiral.
Utah
Law Makes Coins Worth Their Weight in Gold (or Silver) Utah has passed a
law intended to encourage residents to use gold or silver coins made by the
Mint as cash, but with their value based on the weight of the precious metals
in them, not the face value — if, that is, they can find a merchant willing to
accept the coins on that basis.
Markets
Fret About Euro ‘Slow-Motion Car Crash’ Reports that Greece has not met any
of the fiscal targets set by the International Monetary Fund (IMF) and the
European Union (EU) as part of its 110 billion euros ($157 billion) bailout
knocked down the euro Monday, as other countries in the euro zone are
threatened with being dragged into the Greek morass.
Inflation
2011: Honey – They Shrunk Our Paychecks Do you ever have the feeling that
there are holes in your pockets? These days our money seems to slip through our
hands faster than ever.
The
Greek “Ultimatum”: Bailout (For The Bankers) And (Loss Of) Sovereignty So
after one year of beating around the bush, it is finally made clear that, as
many were expecting all along, the ultimate goal of the Greek “bailouts” is
nothing short of the state’s (partial for now) annexation by Europe.
GOLDMAN SACHS: $5 gas this
summer...
U.S.
home price index falls to double-dip in March Chicago Tribune
| National home prices hit a new low in March, giving credence to
long-simmering worries about a double dip in the housing market.
Uranium
Stocks Under Siege as Fukushima Continues Spewing Radiation James
West | There will be a persistent chorus of uranium investors who have
an audience in the media proclaiming uranium to be the ‘contrarian trade of the
decade’.
What Would
Fractional Silver Mean? Jimm Motyka | I believe that
fractional silver is not going to be a trend, but will be the rule in the
coming year.
Debt
Ceiling Tragicomedy Resumes: On Today’s Symbolic, And Doomed, $2.4 Trillion
Debt Ceiling Vote Today at 7:00 pm the House will hold a very symbolic vote
on a $2.4 trillion debt ceiling increase. Symbolic because it is doomed from
the beginning as every single republican will vote no.
Despite
Preemptive Gold Margin Hike In Shanghai, Gold Is Poised To Close May Near
Record On Sovereign Risk Worries After a near epic margin driven collapse
in silver, which appears to have been largely forgotten as the metal has
resumed it upward climb, it is gold which has once again regained the crown in
the fiat substitute race.
No
cash to pay your debts? We’ll take your gold, Greece! This week Max Keiser
and co-host, Stacy Herbert, report on the oil traders puking on markets and the
gold confiscators eyeing Greece, Portugal, Spain and Italy. In the second half
of the show, Max talks to former chief forex trader for VISA, Jon Matonis of
TheMonetaryFuture.blogspot.com, about Bitcoin, the new peer-to-peer
crypto-currency.
Extreme
Couponing: Desperate Economic Times Call For Desperate Measures Even in the
midst of a horrific economic decline, there are tools that all of us can use to
make the most of our limited resources.
National
/ World
WHO Lists Cell
Phones as Cancer Hazard The United Nations’ health agency, the World Health
Organization, now lists mobile phone use in the same “carcinogenic hazard”
category as lead, engine exhaust and chloroform.
Texas
Lt. Gov. Dewhurst Calls for Special Session Texas Lt. Gov. David Dewhurst,
who played a pivotal role in sabotaging a bill that would have criminalized TSA
groping in the state’s airports, has written a letter to Gov. Rick Perry asking
for a special session.
Nanny
State Betrays Decline and Fall of America Two more ridiculous examples of
the nanny state kicking into high gear add to the overwhelming weight of
evidence indicating that America is in a state of terminal decline, with an
overtly authoritarian big government enforcing a command and control system at
every level of society.
Ron
Paul: We Are Enabling A Future American Dictatorship 2012 Presidential
candidate Ron Paul has warned that a lack of oversight from Congress, the media
and the American people is enabling the rise of a dictatorship in the US.
Pentagon
Declares War On Cyber Enemies The Pentagon has announced that computer
intrusions from abroad are to be considered acts of war against the United
States and will be answered with conventional military force.
Cyber
warfare: Britain developing ‘virtual weapons’ to combat hacker threat A
cyber-weapons programme to counter growing threats to national security from
cyberspace is being developed by the Government, it emerged today.
Gaddafi
appears on Libyan state television with South Africa leader Zuma South
African President Jacob Zuma has appeared on television in Libya to say Muammar
Gaddafi’s is open to a truce.
Afghan
leader warns NATO not to become ‘occupying force’ President Hamid Karzai
warned NATO-led forces in Afghanistan on Tuesday they were at risk of being
seen as an occupying force rather than an ally after a spate of civilian
casualties, and said he would take unspecified “action” if they continue.
Footage
of Western Troops Confirms Criminality of War on Libya Proof that armed western
forces are on the ground in Libya advising rebels confirms that the entire
legal premise behind the NATO-led intervention has been shattered and the
campaign is now a criminal act of warfare that has nothing whatsoever to do
with the original justification of protecting civilians.
40
Signs The Chinese Economy Is Beating The Living Daylights Out Of The U.S.
Economy It is time to face the truth. The Chinese economy is simply beating
the living daylights out of the U.S. economy. Whether you want to call it a
rout, a slaughter or a thrashing, the reality is that the Chinese are
absolutely embarrassing America on the global economic stage.
Western
Troops Disguised as Arabs Witnessed on the Ground In Libya Armed westerners
have been filmed on the front line with rebels near Misrata in the first
apparent confirmation that foreign special forces are playing an active role in
the Libyan conflict.
Former
Head Of CIA Bin Laden Unit: “Main Recruitment Sergeant For Al Qaida Is Barack
Obama” Ex CIA intelligence officer turned whistleblower and activist,
Michael Scheuer, has launched a blistering attack on the political
establishment, over its handing of the so called war on terror, asserting that
the entire rationale behind it is based on outright lies and deception.
Texas Lt. Gov. Dewhurst Does About Face, Calls for
Special Session Kurt Nimmo | Dewhurst worked with
the feds to get a bill defeated that would have prevented TSA groping.
WHO Lists Cell Phones as Cancer Hazard Kurt
Nimmo | Studies into cell phones established link between long term
use and brain tumors.
Nanny State Betrays Decline and Fall of America Paul
Joseph Watson | Firework ban, tree ordinance latest examples of
rampant authoritarian assault on all levels of society
New Mexico Supreme Court Lets Cops Grab Guns During Stops
theNewspaper.com | Police officers in New Mexico
can take guns away from drivers who pose no threat.
Pentagon Declares War On Cyber Enemies Kurt
Nimmo | Pentagon rolls out public relations effort as it prepares to
attack official cyber enemies.
U.S.
Military Personnel, Veterans Give Obama Lower Marks U.S. military veterans
and those currently on active military duty are less likely to approve of
President Obama’s job performance than are Americans of comparable ages who are
not in the military.
Stop
Obama’s Unconstitutional Power Grab! The Congressman sounds off on the
blatant violation of war powers by the Obama administration.
Downgraded
Typhoon Poised to Spread Fukushima Radiation Once again, TEPCO, the utility
company responsible for the Fukushima disaster, is ill-prepared to protect the
people of Japan.
High
radioactivity found in Japan nuclear workers Two workers from Japan’s
stricken Fukushima nuclear plant have been contaminated by high levels of
radioactive iodine, the operator said Monday, prompting fears over their
long-term health.
Britain
steps up mind games against Muammar Gaddafi Britain has stepped up the
psychological and military pressure on Muammar Gaddafi by claiming his
departure is inevitable as it prepares to deploy bunker busting bombs,
helicopters and to introduce regular daytime air raids on Tripoli.
Big
Sis Pre-Crime System to Scan Americans For “Malintent” Chilling technology
straight out of Minority Report that would subject Americans to pre-crime
interrogations and physiological scans to detect “malintent” at sports
stadiums, malls, airports and other public places has moved closer to being
implemented after Homeland Security’s FAST program passed its first round of
testing.
Corporate
Media Attacks Alex Jones, Defends TSA Perverts Following a successful rally
on the capitol in Austin last week to protest a decision by lawmakers to back
down on a bill to stop TSA molestation, apologists for a tyrannical state are
coming out of the woodwork in defense of goons sticking their hands down the
pants of six year old kids.
Afghanistan’s
Karzai gives U.S. final warning: stop killing civilians Afghan President
Hamid Karzai called on the US military on Sunday to avoid operations that kill
civilians, saying it was his “last warning” to Washington after 14 people
allegedly died in an air strike.
Corporate Media Attacks Alex Jones, Defends TSA Perverts Kurt
Nimmo | Fort Worth op-ed writer supports the state and its
pathological insistence it must grab the testicles of children.
On
Memorial Day: Remember Roger Young | An alternative
view of Memorial Day.
Anatomy of a Murder: How NATO Killed Qaddafi Family
Members Cynthia McKinney | Please don’t allow
special interest press and war mongering gatekeepers of the left to blot out
the tragedy unfolding in Libya.
Silent Dancing Protesters Arrested at Jefferson Memorial DCist
| Tackled and roughed up by cops for daring to practice the First Amendment.
Save Us From The Tyranny Of Bankers Bob
Chapman | There has been no recovery under either QE1 or QE2.
From Bush to
Obama, the snooping goes on Two Democratic senators, Ron Wyden of Oregon
and Mark Udall of Colorado, have accused the Obama administration of using
Section 215 for purposes not intended by Congress.
Obama
Pledges to Continue War Against Libya During Globalist Confab Appearing at
the globalist confab in the French resort of Deauville, Obama said on Friday
the U.S. and NATO will not rest until they “finish the job’ in Libya.
RAF
to use ‘bunker busting’ bombs on Gaddafi as Nato airstrikes rock Libyan capital
for fifth night in a row RAF pilots are to use 2,000 lb ‘bunker-busting’
bombs to destroy Libyan leader Colonel Gaddafi’s key command centres.
The
Fake ICC & the Globalist Strategy of Tension Russia’s President
Medvedev, according to the Australian, has “endorsed calls for Colonel Gaddafi
to leave office and offered to help to negotiate his exit. ” It is a move that
has “surprised and delighted” both London and Washington after Russia’s initial
protest against the extralegal military action that was executed upon an Iraq
War-style pack of lies.
Cooling
system stops at No.5 reactor in Fukushima Cooling system at a reactor of
the crippled Fukushima No.1 nuclear power plant stopped from Saturday, the
plant’s operator said Sunday.
Radioactive
materials found off Miyagi and Ibaraki Japan’s science ministry has
detected extraordinarily high levels of radioactive cesium in seafloor samples
collected off Miyagi and Ibaraki Prefectures.
Texans
Revolt Against TSA Tyranny, Storm Capitol Exclusive footage of the Texas
Capitol takeover Wednesday, when angry demonstrators led by radio host Alex
Jones descended upon the Senate to rebuke threats used to quash a TSA bill that
passed the House unanimously and was poised to clear the Senate with 30 of 31
senators supporting.
Rep.
Graves questions Obama’s autopen signing of Patriot Act extension Rep. Tom
Graves (R-Ga.) is questioning President Obama’s use of an autopen in signing an
extension of the Patriot Act.
Tripoli
Blast May Signal New Nato Tactic A blast in central Tripoli has been
attributed to a Nato strike – signalling a possible switch in tactics by the
forces trying to unseat Libyan leader Muammar Gaddafi.
Why Is The Economy So Bad?
Millions of Americans have lost
their homes, tens of millions of Americans can’t find a decent job and 44
million Americans are on food stamps.
Video: Illegal Dancing at the Jefferson Memorial Infowars.com | Appeals court
ruled national monuments are places for reflection and contemplation and
dancing is not permitted.
Downgraded Typhoon Poised to Spread Fukushima Radiation Kurt
Nimmo | Synthetic resins poured on damaged reactors will not stop
radiation from entering the sea and air.
Big Sis Pre-Crime System to Scan Americans For
“Malintent” Paul
Joseph Watson | Guilty until proven innocent – physiological sensors
and DHS interrogations to control behavior at sports stadiums, malls, train
stations, airports and other public places.
CDC admits flu vaccines don’t work Mike
Adams | That’s why you need one every year.
NOVO ORDO SECLORUM – NeoCon Hell on Earth Sartre
| Your own dignity requires active resistance.
US sorry for deadly Afghan air
strike ABC Online Afghan officials say up to 14 people, mostly
children, were killed in the air strike. (Reuters) Foreign forces in
Afghanistan have offered their "heartfelt apologies" for an air
strike that killed up to 14 ... NATO apologizes for Afghan civilian deathsThe
top U.S. generals in Afghanistan are apologizing for an airstrike that killed
civilians in southwestern Afghanistan. ISAF apologises for Afghan civilian deaths
KABUL (AFP) – Foreign forces in Afghanistan apologised Monday for the deaths of
nine Afghan civilians after President Hamid Karzai criticised an air ... http://news.yahoo.com Civilian casualties caused by ISAF and US Forces in the
War ... The War in
Afghanistan has caused the deaths of thousands of Afghan civilians directly
from NATO and ISAF military action.
Loughner
ruling creates trial obstacles
Treatment to restore mentally unfit defendants to competence can take
years or fail altogether. (Washington Post) [ Obstacles? I’d say so! In a
nation as america which sports a population of inherently mentally ill
realistically, if not reported, in excess of
90% by my estimation based upon realities (criminally insane, inherently
criminal included), I’d say that’s problematic indeed. I personally am with
Utah on this which does not allow the insanity defense (Montana, Idaho, joined
by a fourth, Kansas, in 1995). You do the crime (which still must be proven
beyond a reasonable doubt and intense scrutiny of scapegoating / set-ups, etc.
– hence, the clearest and undisputable scenarios as Loughner, Hinckley, etc.),
you’ll at least do the time. Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc.,
are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Court
nixes campaign-donation ban Federal judge rules law prohibiting direct
corporate contributions to candidates is unconstitutional. (Washington Post) [
This oligarchy / plutocracy of ours … no surprise there … one way or another,
they’re all getting’ bribed … worked well for the biggest frauds on wall
street, goldman et als … Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ). Choose Your Hathaway: Berkshire or Anne Sizemore 5-26-11 ‘When the actress' name is in
the headlines, Berkshire Hathaway share prices rise, proof that
"robotrading" puts many investors at risk.’ ‘Given that algorithmic
trading now accounts for 70% of all trading, it’s not implausible. Sadly, this
is what the investment management profession has degenerated into.’ [ As to his
‘blood in the streets reference’ … sadly … coming to a theater near you. .., ‘mnemonics’,
loosely speaking, are kind of like in a clichéd sort of way, that ‘double
edged sword that cuts both ways’ … you know, ‘Tom Sizemore’ … are you related?
] Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy, it’s never been higher. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away!
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
A
seismic shift in the defense industry Gone are the days of
“no-questions-asked funding requests.” Pentagon must now make do with less.
(Washington Post) [ I think there are many who’ll say they’ll believe it when
they really see it; and, beyond the off-budget-item chicanery. I’m certainly
one, and so is Davis: Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS
HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan; indeed they are. [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones |
U.S. intelligence is that bin Laden needs dialysis
every 3 days/ http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
]
Israeli
central banker to bid for IMF? (Washington Post) [ Dumb as they are by most
measures of same including the IMF’s mission and purpose, I doubt even they’d
be that self-destructively dumb in light of their destructive,
nation-bankrupting follies / adventurism in the Mideast for which they’re
already suspect in terms of foolishly, self-defeatingly pro-israeli
policy. Krauthammer:
What Obama did to Israel (Washington Post) [ The fundamental problem with
Mr. Krauthammer’s non-sequitor illogic is the manner in which war crimes nation
israel came by those land (war) and the numerous violations of u.n. resolutions
(ie., 242, 338, etc., and oslo accords, etc.), international, war crimes
(flotilla raid, etc.) since then. He thus becomes the journalistic equivalent
of what Pat Buchanan refers to as the ‘israeli amen corner’ in congress. If
only one could realistically ignore the detriment the world and america have
suffered as a direct consequence of this foreign policy bent … Top
Democrats criticize Obama’s Israel policy
(WP) [ What policy … to him, just words … more b***s*** . I’ve thus far
refrained from commenting on what I’ve anticipated to be ‘just more of the
same’; empty rhetoric. Pervasively corrupt, defacto bankrupt america makes the
wrong choice at every turn, ensuring in every way, decline and fall;
self-destructive, self-defeating. Make no mistake, and let me reiterate, that
substantially underrated President General Eisenhower would have put American
interests first and the current debacle would never have occurred in the first
instance … see, ie., http://albertpeia.com
, historical documentation, from website: http://www.ameu.org ‘Lest We Forget The Israeli lobby in
Washington has successfully influenced the U.S. Congress to give billions of
non-repayable dollars each year to Israel on the premise that Israel's loyalty
and strategic importance to the United States make it an ally worthy of such
unprecedented consideration. Is it ? In his Farewell Address, George Washington
warned Americans to avoid a passionate attachment to any one nation because it
promotes "the illusion of an imaginary common interest in cases where no
real common interest exists." 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. Israeli actions over the past 53 years involving U.S. interests
in the Middle East seriously challenge the "strategic asset" premise
of the Israeli lobby. Some of these actions are compiled in the list that
follows: ’ ] Netanyahu
lays out vision for Mideast peace (WP) [ Vision? Don’t make
me laugh! The guy’s blind; and a ward and provocateur at america’s substantial
cost and detriment. ]
Pakistani
military worried about infiltrators
(Washington Post) [ Yeah! In Pakistan and the rest of the Middle East
they’re realistically called americans / cia, etc.. After all, death and
destruction doesn’t play well in any nation, particularly when those doing the
raping, pillaging, and plundering can’t even manage their own national
affairs. 63
percent of people killed in Iraq war were civilians: report Xinhua | U.S.-led wars in Iraq and Afghanistan have been causing huge
civilian casualties Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (WP) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones |
U.S. intelligence is that bin Laden needs dialysis
every 3 days / http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations
are regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall. .. Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.;more specifically, diversion of the
masses from the glaring failures, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Russians
park billions abroad (Washington Post) [ If only Americans were that smart
in diversifying / hedging their investment risks:
7
Market Hazard Signs Traders Have Been Ignoringat Minyanville / Erik Swarts May
27, 2011 ‘…
1. I have repeatedly heard and read to the same effect, "the market is
hanging in there, considering...(x y z)." While that is certainly the case
broadly speaking, the market has a way of distracting your attention from where
it should be focused most. .. however, the market's technical structure
typically trumps sentiment (unless it is at a statistical extreme such as in
March 2009) over time. If anything, the fact that the market is "hanging
in there" on a relative basis could actually portend a more serious
underlying condition indicative of distribution. Distribution by institutional
participants can create broadening top formations in the indices and erratic
sentiment surveys by the swinging price action.
2. A major momentum darling has crashed and burned with silver. Silver's
historic decline, coupled with a very shallow bounce, is bearish toward risk
returning to the same degree of indiscrimination it represented before it broke
down. You could even speculate that the tepid action in stocks
like Apple (AAPL)
over the past six months was a precursor to the diminishing influence on the
risk/momentum continuum.
3. The indices all broke their respective 50-day moving averages this week. ..
4. Ignoring the symmetry and historical context in the two charts below would
be Pollyannish at best, irresponsible to risk at worst. Furthermore, knowing
what we now know about the developments in Europe and the risks they have going
forward -- specifically over the next few weeks in Spain and Greece -- their
respective influences to the commodity and equity
markets could be strongly reinforcing…
http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition1.jpg
5. The government bond market continues to confuse even the King's wishes. The chart below shows the relative
disconnect ..should not be ignored or passed off as insignificant. ..
http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition2.jpg
6. Weekly economic data surveys have taken a turn negative. ..
http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition3.jpg
7. The market has respected my monthly meridian chart to the tick. If May
continues to follow course away from the meridian at 1363, the summer months
could see an acceleration
to the downside.
http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition4.jpg
Overall, I'm skeptical to hanging onto long positions for anything more than a
bounce here and feel more comfortable on the short side of the market…’
YAHOO
[BRIEFING.COM] ‘…Pending home sales for April plummeted a much
sharper-than-expected 11.6%…’ Debased dollar, hyperinflationary realities
and expectations rallies stocks on the
bad news. Jobless
Claims Rise 10,000 First
Quarter GDP Stalls Nothing
New In GDP Update, U.S. Grew At 1.8% In Q1
[ Economic data bad and worse than expected … stocks rally on the worse
than expected news as suckers’ rally to keep the old suckers and get new
suckers sucked in. 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. ]
7
Market Hazard Signs Traders Have Been Ignoringat Minyanville / Erik Swarts May
27, 2011 ‘It's been said that the
market is hanging in there, but the market has a way of distracting your
attention from where it should be focused most. As a trader who
relies on the qualitative art form that is appraising market psychology, I have
been collecting some interesting anecdotes and observations from the field.
Specifically, traders seem to be ignoring some of the more readily apparent
hazard signals the market has been throwing off in the past month.
1. I have repeatedly heard and read to the same effect, "the market is
hanging in there, considering...(x y z)." While that is certainly the case
broadly speaking, the market has a way of distracting your attention from where
it should be focused most. The rampant attention and bipolar swings in investor
sentiment surveys appear to be the illusion of choice in declaring the waters
safe for the return of risk.
I believe there is some utility in knowing where the sentiment vane is pointing
over the very short term, however, the market's technical structure typically
trumps sentiment (unless it is at a statistical extreme such as in March 2009)
over time. If anything, the fact that the market is "hanging in
there" on a relative basis could actually portend a more serious
underlying condition indicative of distribution. Distribution by institutional
participants can create broadening top formations in the indices and erratic
sentiment surveys by the swinging price action.
2. A major momentum darling has crashed and burned with silver. Silver's
historic decline, coupled with a very shallow bounce, is bearish toward risk
returning to the same degree of indiscrimination it represented before it broke
down. You could even speculate that the tepid action in stocks
like Apple (AAPL)
over the past six months was a precursor to the diminishing influence on the risk/momentum
continuum.
3. The indices all broke their respective 50-day moving averages this week.
Today's action should be interesting, considering they are all siting directly
beneath them after retracing the break.
4. Ignoring the symmetry and historical context in the two charts below would
be Pollyannish at best, irresponsible to risk at worst. Furthermore, knowing
what we now know about the developments in Europe and the risks they have going
forward -- specifically over the next few weeks in Spain and Greece -- their
respective influences to the commodity and equity
markets could be strongly reinforcing.
http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition1.jpg
5. The government bond market continues to confuse even the King's wishes. The chart below shows the relative
disconnect over the past year. This chart should be qualified, in that yields
have been in a downtrend relative to the SPX for almost three decades. With
that said, the degree of yield erosion relative to the SPX over the past two
months should not be ignored or passed off as insignificant.
http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition2.jpg
6. Weekly economic data surveys have taken a turn negative. Whether revealed in
the most recent weekly unemployment trends or decelerating GDP,
the market is facing an ever more hostile headline risk environment. I
typically shy away from incorporating economic data surveys into my short-term
calculus because their correlations are erratic at best. But considering the
backdrop, it can pay off with timing. Next week will provide the important ISM
manufacturing index. Below is a chart of the Empire, Philly & Richmond
surveys overlaid on the ISM survey. As the correlations have shown, the already
received EPR surveys indicate the ISM will likely be quite weak. The degree of
which could be a catalyst (both positive or negative) in the market.
http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition3.jpg
7. The market has respected my monthly meridian chart to the tick. If May
continues to follow course away from the meridian at 1363, the summer months
could see an acceleration
to the downside.
http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition4.jpg
Overall, I'm skeptical to hanging onto long positions for anything more than a
bounce here and feel more comfortable on the short side of the market. That
could all change in an instant, and I try to never limit myself from trading
the flip side as revealed by my agnostic trading approach.
Remember, these are just my notes -- I trade what I see in the tape.
Editor's Note: This article was originally posted on Market Anthropology.’
Global
Stock Seasonality: Tout Le Monde Vendez en Mai Forbes / Sy Harding ‘When investors think of the stock market’s
annual seasonality, as expressed by the adage ‘Sell in May and Go Away,’ they
usually relate it to the U.S. market.In fact, the historical pattern of
stock markets making most of their gains in the winter months, and experiencing
most of their bear market declines and corrections in the unfavorable summer
months, is also common in global markets.Since investors have become much more
comfortable with investing in global markets in recent years, in fact have
poured money into emerging markets at a record pace, recognition that the
seasonal pattern is global is potentially of considerable importance,
especially this year.A 27-page academic study conducted at the Rotterdam School
of Management in the Netherlands and published in the American Economic
Review in 2002, concluded, “Surprisingly
we found this inherited wisdom of Sell in May to be true in 36 of 37 developed
and emerging markets. Evidence shows that in the United Kingdom the seasonal
effect has been noticeable since 1694. . . . A trading strategy based on this
anomaly would be highly profitable in many countries. The average annual
risk-adjusted outperformance ranges between 1.5% and 8.9%, depending on the
country being considered. The effect is robust over time, economically significant,
unlikely to be caused by data-mining, and not related to taking excess risk.”Stock markets outside of the U.S. seem to be
significantly in the lead on the downside in this unfavorable season. For
instance, the S&P 500 is only 2% below its recent top on April 29, the last
trading day of April (potentially in keeping with the ‘Sell in May and Go Away’
rule to sell on May 1).However, in the rest of the world quite serious stock
market corrections are underway. The important markets of China (the world’s 2nd
largest economy), Japan (the world’s 3rd largest economy), Hong
Kong, India, Brazil, and Russia are already down an average of 12% from their
recent peaks, and have broken down through key support levels, including their
long-term 200-day moving averages. Other important markets, including Mexico,
Canada, Britain, France, and South Korea have already broken down through key
intermediate-term support levels, including their 20-week moving averages.That
global markets are so far ahead of the U.S. market on the downside leads me to
believe they will become oversold first and perhaps be the first to bottom and
turn back up when the time to buy arrives again.Meanwhile, the studies of
seasonality point out that a seasonal investor outperforms the market over the
long-term (occasional years when it does not work notwithstanding), while being
at risk in the market only six months each year, and moving to cash for the
other six months.They do not take into consideration the additional gains the
seasonal investor can make in the unfavorable season in areas other than
cash.To name a few; bonds, gold, and currencies often move independent of the
direction of the stock market, and can rally when the stock market is in a
decline. And all are easy enough for investors to take advantage of via mutual
funds, and even more efficiently via ETFs (exchange-traded-funds).If seasonal
investors are fluent in market analysis, particularly technical analysis, which
can help define when an unfavorable season will not just be a ‘dead zone’ but
will probably see a substantial correction, significant gains can be made from
the downside even faster than from the previous rally period. That’s because
when the market goes down it tends to go down much faster than it went up,
often losing a year of previous gains in a matter of a few months.And holdings
are available to harness the power of such market declines, including ‘inverse’
mutual funds and ‘inverse’ ETFs, which are designed to move opposite to a
particular market or market sector.In my opinion then, the U.S. market has some
catching up to do on the downside, while selected global markets, considerably
ahead of the U.S. market on the downside, are liable to bottom first and
provide the earliest buying opportunities.In the interest of full disclosure, I
and my subscribers have some recent new positions in a bond ETF, a currency
ETF, and selected inverse ETFs against the U.S. market.’
End-of-Month
Window Dressing: Dave's Daily at TheStreet.com ‘The U of
Michigan Consumer Sentiment Index was cherry-picked by bulls as the indicator
upon which to rally stocks Friday. But, frankly is it really a valid measure of
current consumer attitudes? I don't think so given it's weighted heavily by
stock prices and curiously by gasoline prices. With the latter, a one week ten
cent drop in prices hardly makes a trend. Some had the nerve to say consumers
were now getting accustomed to higher gas prices. How about you? Consumer Metrics Institute's
opinion and conclusion is as follows:
http://www.thestreet.com/tsc/daves/052711/image002.jpg
"The
levitation effect provided by the Federal fiscal stimulus packages will begin
to wilt soon, as will Mr. Bernanke's monetary magic when QE-2 lapses in June.
At some point in time the GDP will revert to tracking the 70% of the economy
provided by consumer spending. When that happens, the glaring gap in the above
graph will close, and most likely with the upper line converging towards the
lower, rather than the other way around. We have said before that our consumers
seem to know that the headline recovery in the S&P 500 has not yet been
fully shared with the them, their neighbors or their local merchants. Until
unemployment materially decreases and the residential housing market returns to
at least pre-2005 levels of activity, the "Great Recession" isn't
over, despite what the National Bureau of Economic Research (NBER) would have
us believe." Other data this week was just awful. And, Pending Home Sales
on Friday dropped by 11% which was much worse than expected. If higher stock prices
buoy consumer sentiment, what about poor housing data? The disconnect is
extraordinary. Most major equity index related ETF were able to claw out of
most negative readings to close the week either unchanged or plus/minus a small
amount. Most of this was accomplished on very weak volume but with a heavy
assist of QE2 ($30 billion over the last 5-7 trading days). This is
the magic dust for bulls. The tape's action is reality but the action behind
the curtain is hollow and comprised of free money from on high. Nevertheless,
most indexes may close the month down with only one day left to trade. Our
DeMark monthly sequential 9 counts may have already made their impact as QE2
has another month to run and will compete with it …’
S&P Stuck in a Rut - Why and Where Will it Break? , On Thursday May 26, 2011 ‘This entire week
the S&P has been stuck in a rut. Aside from a few brief spikes outside its
trading range, the S&P has been sluggish and moved with the velocity of
molasses.
The
Memorial Day Lull
Part of the
reason is the upcoming Memorial Day weekend. Trading before the Memorial Day
weekend tends to be lackluster and uninspired, but come Tuesday (markets are
closed on Monday) volatility (Chicago Options: ^VIX) is likely to increase.The
holiday weekend is just part of the story though. There are other compelling
reasons why trade is so frustratingly sluggish.
Compelling
Reason to be Dull
The ETF Profit
Strategy Newsletter's technical forecast for the week ahead stated that: 'The
initial downside from the May 2 high may not be finished yet, but it appears to
be limited. If the lower trend line at 1,325 is broken, we are looking for
lower prices but are mindful that various support levels should keep downside
action contained.'The S&P dropped below the 9-month trend line support
first thing Monday morning, but didn't really go anywhere thereafter. Such a
trend line breach is usually significant, but it wasn't, at least not thus
far.The chart below shows why downside momentum didn't increase. The ETF Profit
Strategy Newsletter pointed out this month's and week's pivot support (s1 to be
precise) at 1,319 and 1,317. As you can see, the S&P has stuck to s1 like
gum to shoe.What are pivots, you may ask? Pivot points are determined as the
average of the previous sessions trading range combined with the closing price.
The numbers for support and resistance that are calculated indicate the
potential ranges for the next time frame based on the past weight of the
market's strength or weakness.Pivots are fractal and can be calculated for
various time frames. I usually pay attention to weekly and monthly pivots.
http://www.etfguide.com//contributor/UserFiles/8/Image/article%20new%205%2026%2011.gif
The blue lines
in the chart illustrate the 20 and 50-hour simple moving averages (SMAs). Since
Wednesday, the S&P has been sandwiched between the two. As you can see,
there is plenty of technical reason for the current trading range.
Where
Will it Break?
Every trading
range ends eventually. Often such range bound churning and indecision precedes
significant moves and serves as a springboard. There is certainly a distinct
seasonal post-Memorial Day bias that supports this notion.Once this trading
range is broken, the focus moves on to the next support or resistance. Next
resistance to the up side is 1,325, a Fibonacci projection level. Look at the
chart and you will see how attempts to move beyond 1,325 were thwarted on
Wednesday and earlier today. A break above 1,325 would open the door to higher
prices.Fibonacci levels are powerful trading tools and should not be dismissed.
One important Fibonacci level the ETF Profit Strategy Newsletter isolated as
target and resistance in April was 1,369.The importance of this level was
confirmed on May 1, when the newsletter recommended shorting the S&P
against 1,369. The S&P topped the very next day at 1,370 and declined as
much as 50 points thereafter.The ETF Profit
Strategy Newsletter provides the most important short and long-term
support/resistance levels and seasonal tendencies every Sunday and Wednesday,
along with directional advice and the corresponding trading strategies.ETFs
that track the S&P 500 include: S&P 500 SPDR (NYSEArca: SPY - News), iShares S&P 500 (NYSEArca: IVV - News), Vanguard S&P 500 (NYSEArca: VOO - News).Value and Growth S&P ETFs include:
iShares S&P 500 Value (NYSEArca: IVE - News), iShares S&P 500 Growth (NYSEArca: IVW - News), Vanguard S&P 500 Value ETF (NYSEArca:
VOOV - News), Vanguard S&P 500 Growth ETF
(NYSEArca: VOOG - News).Leveraged S&P ETFs include: Ultrashort
S&P ProShares (NYSEArca: SDS - News), Ultra ProShares (NYSEArca: SSO - News), UltraPro S&P ProShares (NYSEArca: UPRO - News), UltraPro Short S&P ProShares
(NYSEArca: SPXU - News).’
The Week Ahead: Can Stocks Climb the Wall of Worry? Forbes / Tom
Aspray ‘Last week’s financial headlines may have caused many stock investors to
run for the exits, as there was very little to make one think that stocks could
move higher. Here is a sampling:
- Demand For Durable Goods Falls the Most in 6
Months
- Countries Urged To Raise Rates
- Goldman Says Brent Will Hit $130
- Revenue Slide Dents Banks’ Recovery
- Draghi Warns on Global Recovery
- Fears of Debt Contagion Return to Eurozone
- UK Lenders Face Rating Downgrade
- Steep Quarterly Drop For Home Prices
Despite the concerns over debt contagion, a double
dip in the economy, and slower growth in China, the US stock market was
surprisingly strong. The early-morning declines on Wednesday and Thursday were
met with good demand.
Therefore, even though the major averages made new
correction lows, the market had plenty of reasons to drop more sharply. For
most of the week, Tuesday’s headline from the Financial Times, “Investors
swept up in wave of bearishness,” said it all.
So even though the stock market was not as strong as
I had forecast last week, I am sure most were surprised that it closed higher.
Sentiment measures continue to get more negative, with only 25% bullish in a
recent AAII survey. This is the lowest reading since last summer.
Last week’s pending home sales dropped 11%—but new
home sales were stronger than expected, giving some home builders a boost. On
Tuesday, we get more housing data, as the S&P Case-Shiller price index will
be released along with consumer-confidence numbers.
Of course, this is another jobs week, with a
preliminary reading Wednesday from the ADP Employment Report, followed by
jobless claims Thursday and the monthly employment report on Friday. Also out
Wednesday is the ISM Manufacturing Index, with the ISM Non-Manufacturing
following on Friday.
As the headlines show, there are still plenty of
problems facing the Eurozone, and the Strauss-Kahn scandal has not helped—the
BRIC countries, among others, are not in favor of a new IMF head from the
Eurozone. Also, as my colleague Jim Jubak suggests, “Another
Quick Fix For Greece” is likely.
Euro investors have also been moving away from risk,
as the yields on German debt have dropped 3%, matching similar yield declines
in both the UK and the US. Nevertheless, the DJ STOXX Europe 600 was able to
close the week well above the lows, as it tested strong support in the 272 to
274 area early in the week.
Commodity prices have bounced nicely from the
mid-month lows, and the strength in copper may be a sign that the economy is
really stronger than most expect. Crude oil has bounced from the recent lows,
but is now hitting first strong resistance. Technically, this rally looks as
though it will be followed by a further decline.
Page 2 of 3)
WHAT TO
WATCH
As I noted in more detail before Friday’s opening, the technical and sentiment
picture for the stock market had improved. The positive action Friday supports
this view, even though the major averages closed below their best levels.
http://graphics.moneyshow.com/investing/Guru/Gurus052711_1_med.gif
Click to Enlarge
S&P
500
The Spyder Trust (SPY) tested its downtrend (line a) on Friday, and still has
strong resistance at $135.36. A daily close above this level should confirm
that the correction is over. A test of the May 2 highs at $137.18, if not a
move to the $138.50 area, is still a distinct possibility.
The low for SPY at $131.38 is now the critical level,
with the daily uptrend (line c) now at $130.50. If this level is violated, the
April lows are at $129.51 (line b).
The S&P 500 A/D line has turned up, and is very
close to breaking its downtrend. It did make new highs in May, and is still
well above long term support (line d).
Dow
Industrials
The Diamonds Trust (DIA) also appears to have completed a short-term bottom,
but is slightly lagging the SPY. DIA has just filled the gap from last Monday’s
opening. There is still a strong band of resistance in the $126.50 to $127.50
area.
The support level to watch now for DIA is $122.80,
while the April low and major support follows at $120.65.
Dow
Transportations
The Dow Transportation Index held above the prior week’s low at 5,311, and did
close last week higher.
A close above 5,500 is needed to complete the
correction and signal a rally to new highs in the 5,650 to 5,700 area.
If one of the other major averages is able to exceed
the May highs, and the Transports fail to make a new high, it would be a
warning sign.
Nasdaq-100
I have been looking for the PowerShares QQQ Trust (QQQ) to lead the market on the next rally, but it has
continued to lag. It will now take a much stronger rally for QQQ to take over
leadership.
The first hurdle is the resistance in the $58.50 area
with major at $59.34 area.
The down gap last Monday violated the support in the
$57 area as QQQ hit a low of $56.47 which weakened the short term outlook.
There is now important support below $56.
Russell
2000
The iShares Russell 2000 Trust (IWM) has concerned me for several months, and last week it
dropped below the April lows. This is a further sign of weakness, and as I
noted several weeks ago the A/D line on the Russell 2000 failed to make a new
high with prices in April.
The rebound in IWM is likely to fail in the $85 to
$85.50 area, even if the SPY makes new highs. Therefore, the current rally
should be used as an opportunity to move out of both small and mid-cap stocks.
Once below the recent lows at $80.76, the next major
support is in the $77.50 to $78 area.
Here’s
Why Pending Home Sales Plummeted in April Wall St. Cheat Sheet May 27, 2011 ‘According to the National Association of Realtors , The Pending Home Sales
Index (PHSI) , a forward-looking indicator, dropped 11.6 percent to 81.9 in
April, down from 92.6 in March. The number is down 26.5 percent from a peak
111.5 in April 2010 when buyers were rushing to meet the deadline for the home
buyer tax credit.This data reflects contracts, but not closings, which usually
don’t occur until a month or two after contracts are signed.The news hasn’t
done much for real estate stocks (NYSE:IYR), down 0.06% today, but might be responsible for
the 0.86% hike in home builders stocks (NYSE:XHB).While the PHSI in the Northeast actually rose
1.7% to 64.5 in April, it is still 33.4% below its figure for this time last
year. PHSI in the Midwest is down 10.4% to 74.1, down 30.2% from April 2010.
Pending home sales in the South dropped the most at a decline of 17.2% in
April, 27% below a year ago. Still, the PHSI for the South is 91.3,
significantly higher than that of other regions. In the West the index declined
8.9% to 89.1 and is 16.9% below April 2010 figures…’
Investing
in Precious Metals: Is Gold Worth Dying For? Wall St. Cheat Sheet May 27, 2011 ‘Thursday,
gold (NYSE:GLD) and silver (NYSE:SLV) took a breather as the Dow (NYSE:DIA) and S&P 500 (NYSE:SPY) closed slightly higher. The markets seem
somewhat confused as the Greek debt crisis lingers on. In times of
uncertainty, investors often turn to gold as a place of refuge. However,
just how expensive is it to really obtain gold? Some gold miners (GLDX)
may find out the hard way.The medical condition known as silicosis could be a
potential problem for some gold miners. Silicosis is the scarring of the
lungs caused by extended exposure to the dust found in South African mines.
These mines are now run by companies such as Harmony Gold Mining (NYSE:HMY), Gold Fields Ltd. (NYSE:GFI), and AngloGold Ashanti Ltd. (NYSE:AU). These miners are now facing coming
lawsuits. HMY fell the hardest on the day, closing 3.57% lower.While the
total number of claims and size of judgements are nearly impossible to estimate
at this time, RBC Capital Markets claims the liability of mining companies
could reach as high as $100 billion. RBC reached this estimate by
assuming there are 300k claimants, each suing for at least 2 million rand.
The Constitutional Court said workers who qualified for state benefits
for occupational related disease, could also receive additional compensation
from their former mining employers.Gold Fields Ltd (NYSE:GFI) CEO Nicholas Holland said, “It’s
speculative at this stage to assume that there’s going to be a huge number of
suits or whether in fact those suits will even be successful.” Another
miner, Anglo American , is already involved in a silicosis suit that dates back
to 2004, and involves 18 miners (4 of the 18 have already died). The mines
today employ about 160k people, according to the Chamber of Mines.Investors
willing to overlook the lawsuits may want to consider the following ETFs and
stocks: iShares Silver Trust (NYSE:SLV), PowerShares DB Silver Fund (NYSE:DBS), ProShares Ultra Silver (NYSE:AGQ), First Majestic Silver Corp. (NYSE:AG), SPDR Gold Trust (NYSE:GLD), Market Vectors Etf Trust (NYSE:GDX), or Barrick Gold Corporation (NYSE:ABX).Investors who are bearish in precious metals, or
simply looking for a hedge, may find the following stocks, ETFs, and ETNs
interesting: ProShares UltraShort Silver (NYSE:ZSL), PowerShares DB Gold Short ETN (NYSE:DGZ), or PowerShares DB Gold Double Short ETN (NYSE:DZZ).For more analysis and guidance in the white hot
precious metals sector, consider
a free 14-day trial to our acclaimed Gold & Silver Investment Newsletter.’
Entitlements:
4 Things You Must Know Now – with Gerri Willis Wall St. Cheat
Sheet May 27, 2011 ‘Entitlements have
become a big issue now that the
US has a major debt problem and a record number of boomers are expected to
retire in the coming years. I caught up with Fox Business anchor Gerri Willis
to get a Cheat Sheet for the hot button entitlement issue:
Damien
Hoffman: Gerri, what are entitlements?
Gerri Willis:
Simply put, entitlements are government payouts. Normally we think of Social
Security, Medicare and Medicaid when we say entitlement. Most Americans feel
that getting benefits from these programs is a right because they’ve paid into
them. Corporate America is on the federal dole, too, at times, most recently
when banks (NYSE:XLF) and auto companies such as General Motors (NYSE:GM) were bailed out during the financial crisis.
Currently,
Congress is debating how to fix the overspending in Social Security, Medicare
and Medicaid. The problem with these programs is that they’ve morphed from
temporary or short-term safety nets into permanent floors that people rely on.
As a result, the costs of these programs is swamping the
federal budget.
Damien: How
much are we spending on entitlements?
Gerri:
Entitlement spending is the vast majority of our federal
budget and growing every year. This year alone spending on Social Security,
Medicare and Medicaid will account for 57 percent of all federal outlays, and
the spending level is 5.4 percent higher than last year.
Damien: Can we
continue to support those three programs at this level?
Social
Security, Medicare and Medicaid are in big trouble. Social Security will run
out of money in 2036; Medicare in 2024. Already both programs are running a
deficit right now. Social Security has a deficit of $46 billion and Medicare
has $80 billion in red ink.
Damien: Gerri,
in your opinion, what do you think future legislation dealing with this issue
will look like?
Gerri: I
believe we’re going to have to wait awhile for reform. Congress has always been
wary of the third rail of politics and with elections approaching in 2012, they
are wary of tackling anything as controversial as entitlement reform right now.
However, there does seem to be some consensus building for change. Many folks
seem to agree that the age that Social Security recipients receive benefits
should be moved higher, others say that Medicare shouldn’t be available to the
very wealthy or that their benefits should be scaled back in some way. Even
implementing both of those ideas won’t fix the problems we are facing; however,
a more dramatic change is needed to avoid pushing our country into a more
desperate financial crisis.
FOX Business Network wraps up “Entitlement Nation: Makers
vs. Takers” on Friday, May 27th, 2010.
Don’t Miss: CHART
OF THE DAY: Watch the US Debt Set a 60 Year Record. ‘
EVERYTHING
RISES AND THE DIP IS BEING BOUGHT: Here's What You Need To Know Business
Insider May
27, 2011 ‘The week has clearly ended on a positive note, although we've
now seen four straight weeks of declines.
But first, the
scoreboard:
Dow: +37.20
NASDAQ: +5.26
S&P 500: +5.26
And now, the
top stories:
- Really, it was super quiet and nothing happened.
Probably the most notable thing was that China declined hard again, and has now fallen 11% from
its recent high.
- In the very early going, there was a little bit
of excitement when Belgian lender Dexia was halted, but ultimately it
didn't turn out to be much.
- In the US, spending data came in a little light,
but it didn't matter. The dip is being bought, and stocks are higher
again. Big day for everything that wasn't the dollar.
- For some interesting visual tantalization, here's a satellite look at Spain's housing disaster. ‘
Global
Economic Rebound Weakens on Quake, Oil Price, European Debt Crisis Bloomberg
| World economy has entered a softer patch with the incoming growth data mostly
disappointing.
Marc Faber:
Prepare for Another War Jonathan Chen | From 2002-2008,
Greenspan and Bernanke have created massive bubbles.
20
Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over
The Economic Collapse | We are still in the middle of a
full-blown economic crisis and things are about to get even worse.
Second
Biggest Weekly Drop Ever In Treasurys Held In The Fed’s Custodial Account As
Foreigners Dump There was one truly interesting observation in this week’s
Fed balance sheet update: not that the actual balance sheet hit a new all time
record (which it did at $2.779 trillion), or that the Fed added another $24
billion in Treasurys to its balance sheet, or that total reserves hit a new all
time record, increasing by $53 billion to $1.59 trillion.
China Gold
Imports to Surge: Report Chinese demand for gold bars and coins as private
investments could push bullion imports above 400 tonnes in 2011, leading global
consultancy GFMS said on Friday.
U.S. dollar could
‘collapse’: UN The United Nations warned on Wednesday of a possible crisis
of confidence in, and even a “collapse” of, the U.S. dollar if its value
against other currencies continued to decline.
The
Shocking DRINK And Incredible History Of COKE Subliminal Advertising Looking
for a new way to publicize your product? Have you considered implanting suggestions
in your current advertising that link your product to sex and power? [ Come on!
In updating my skills / knowledge base, included were my psychology studies
which currently all but dismiss as but ‘folklore’ the effectiveness, if even
existent, of such subliminal advertising (you might even wonder about the
Rorshach factor in interpreters of same); though blatent propaganda in its
various forms still remains marginally effective (unless you think about it …
rugged athletes, the guy with the babe, parties, etc… Riiiiight! The cola did
it!). I drink coca cola, pepsi cola, royal crown cola, generic cola, etc., and
in no way attach a ‘sexual / power advantage’ to drinking same. After all,
there are healthier things to drink ( …
Amid
health fears, Diet Coke sweetener in safety spotlight An artificial sweetener used in Diet Coke is
to undergo an urgent EU safety review…)
For me, it’s all about the fizz, the caffeine, and then the taste. ]
Competing
plans on job growth Obama and Congressional Republicans hope to cut the
cost of doing business for U.S. firms.
White
House wants to simplify rules (Washington Post) [ Plans? Is that it? Costs?
For the foreseeable future that counts, the logical conclusion will invariably
be, based on costs and prior misguided decisions (you still remember Perot),
ship them overseas, outsource, outsource, outsource … even Apple does that in a
big way while still getting premium prices (as if made is usa). No … you can’t
unring the bell on their ill-fated, but collectively culpable missteps. But, this
plan of theirs, my recollection is that’s what they’ve been purportedly doing
for the last several election cycles spanning well over a decade. Oh,
riiiiight! It’s that time of the season again … election time. Despite the
rhetoric and spin, the scenario remains dismal … the grim economic reality [ http://albertpeia.com/grimreality.htm Jobless
Claims Rise 10,000 First
Quarter GDP Stalls Nothing
New In GDP Update, U.S. Grew At 1.8% In Q1
[ Economic data bad and worse than expected … stocks rally on the worse
than expected news 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Poll:
For Obama, low marks on Afghan war (WP) Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. … an especially great opportunity to sell / take profits
while you still can since there's much worse to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Selling
In May Is Very Good Advice This Year Harding
/ Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. ]
Ex-Nasdaq
exec pleads guilty to fraud (Washington Post) [ Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ). Choose Your Hathaway: Berkshire or Anne Sizemore 5-26-11 ‘When the actress' name is in
the headlines, Berkshire Hathaway share prices rise, proof that
"robotrading" puts many investors at risk.’ ‘Given that algorithmic
trading now accounts for 70% of all trading, it’s not implausible. Sadly, this
is what the investment management profession has degenerated into.’ [ As to his
‘blood in the streets reference’ … sadly … coming to a theater near you. ] [ I
just had to include this article, emphasizing the folly / fraud of wall street.
Well done! But butt buffet? Wall street shill, he ultimately goes out a buffoon
and fraud friend of wall street; a further sign of pervasively corrupt, defacto
bankrupt american decline. But, ‘puppy-dog-eyes’? I don’t think so. How ‘bout
‘cat’s eyes’, as in Catwoman. Don’t forget Chuck, ‘mnemonics’, loosely
speaking, are kind of like in a clichéd sort of way, that ‘double edged
sword that cuts both ways’ … you know, ‘Tom Sizemore’ … are you related? ] Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy, it’s never been higher. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away!
20
Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over The
Economic CollapseMay 26, 2011 | We are still in the middle
of a full-blown economic crisis and things are about to get even worse.
If you listen
to Ben Bernanke, Barack Obama and the mainstream media long enough, and if you
didn’t know any better, you might be tempted to think that the economic crisis
is long gone and that we are in the midst of a burgeoning economic
recovery. Unfortunately, the truth is that the economic crisis is far
from over. In 2010, more homes were repossessed than ever before, more
Americans were on food stamps than ever before and a smaller percentage of
American men had jobs than ever before. The reality is that the United
States is an economic basket case and all of these natural disasters certainly
are not helping things. The Federal Reserve has been printing gigantic
piles of money and the U.S. government has been borrowing and spending cash at
a dizzying pace in an all-out effort to stabilize things. They have
succeeded for the moment, but our long-term economic problems are worse then
ever. We are still in the middle of a full-blown economic crisis and
things are about to get even worse.
If you know
someone that is foolish enough to believe that the economic crisis is over and
that our economic problems are behind us, just ask that person the following
questions….
#1 During the 23 months of the “Obama recovery”, an
average of about 23,000
jobs a month have been created. It takes somewhere in the
neighborhood of 150,000 jobs a month just to keep up with population
growth. So shouldn’t we hold off a bit before we declare the economic
crisis to be over?
#2 During the “recession”, somewhere between 6.3
million and 7.5 million jobs were lost. During the “Obama recovery”,
approximately 535,000 jobs have been added. When will the rest of the
jobs finally come back?
#3 Of the 535,000 jobs that have been created during
the “Obama recovery”, only
about 35,000 of them are permanent full-time jobs. Today, “low income jobs”
account for 41 percent of all jobs in the United
States. If our economy is recovering, then why can’t it produce large numbers
of good jobs that will enable people to provide for their families?
#4 Agricultural commodities have been absolutely
soaring this decade. The combined price of cotton, wheat, gasoline and
hogs is
now more than 3 times higher than it was back in 2002. So how in the
world can the Federal Reserve claim that inflation has been at minimal levels
all this time?
#5 Back in 2008, banks had a total of 27 billion
dollars in excess reserves at the Fed. Today, banks have a total of
approximately 1.5 trillion dollars in excess reserves at the Fed. So what
is going to happen when all of this money eventually hits the economy?….
#6 If the U.S. economy is recovering, then why are
shipments by U.S. factories still substantially
below 2008 levels?
#7 Why are imports of goods from overseas growing much
more rapidly than shipments of goods from U.S. factories?
#8 According to Zillow, the average price of a home in
the U.S. is about 8 percent lower than it was a year ago and that it continues
to fall about 1 percent a month. During the first quarter of 2011, home values
declined at the fastest rate since
late 2008. So can we really talk about a “recovery” when the real
estate crisis continues to get worse?
#9 According to a shocking new survey, 54
percent of Americans believe that a housing recovery is “unlikely” until at
least 2014. So how is the housing industry supposed to improve if so many
people are convinced that it will not?
#10 The latest GDP numbers out of Japan are a complete
and total disaster. During the first quarter GDP declined by
a stunning 3.7 percent. Of course I have been saying for months that the
Japanese economy is collapsing, but most mainstream economists were
absolutely stunned by the latest figures. So will the rest of the world
be able to avoid slipping into a recession as well?
#11
Next week, Republicans in the House of Representatives are going to allow a
vote on raising the debt ceiling. Everyone knows that this is an
opportunity for Republican lawmakers to “look tough” to their constituents (the
vast majority of which do not want the debt ceiling raised). Everyone
also knows that eventually the Republicans are almost certainly going to cave
on the debt ceiling after minimal concessions by the Democrats. The truth
is that neither “establishment Republicans” nor “establishment Democrats” are
actually serious about significantly cutting government debt. So why do
we need all of this political theater?
#12
Why are so many of our once great manufacturing cities being transformed into hellholes? In the city of Detroit
today, there are over 33,000 abandoned houses, 70 schools are being permanently
closed down, the mayor wants to bulldoze one-fourth of the city and you can
literally buy a house for one dollar in the worst areas.
#13
According to one new survey, about
half of all Baby Boomers fear that when they retire they are going to end
up living in poverty. So who is going to take care of them all when the money
runs out?
#14
According to the U.S. Bureau of Labor Statistics, an average of about 5 million
Americans were being hired every single month during 2006. Today, an
average of
about 3.5 million Americans are being hired every single month. So
why are our politicians talking about “economic recovery” instead of “the
collapse of the economy” when hiring remains about 50 percent below normal?
#15
Since August, 2
million more Americans have left the labor force. But the entire
period from August to today was supposed to have been a time of economic growth
and recovery. So why are so many Americans giving up on looking for a
job?
#16
According to Gallup, 41 percent
of Americans believed that the economy was “getting better” at this time last
year. Today, that number is at just 27 percent. Are Americans losing faith in the U.S. economy?
#17
According to the U.S. Census, the number of children living in poverty has gone
up by about 2 million in just the
past 2 years, and one out of every
four American children is currently on food stamps. During this same
time period, Barack Obama and Ben Bernanke have told us over and over that the
U.S. economy has been getting better. So what is the truth?
#18
America has become absolutely addicted to government money. 59 percent of all Americans now receive
money from the federal government in one form or another. U.S. households are
now receiving more income from the U.S. government than
they are paying to the government in taxes. Americans hate having their
taxes raised and they hate having their government benefits cut. So is
there any hope that this will ever be turned around before disaster strikes?
#19
The combined debt of the major GSEs (Fannie Mae, Freddie Mac and Sallie Mae)
has increased from 3.2 trillion in 2008 to 6.4 trillion in 2011. How in the
world is the U.S. government going to be able to afford to guarantee all of
that debt on top of everything else?
#20
If the U.S. national debt (more than 14 trillion dollars) was reduced to a
stack of 5 dollar bills, it
would reach three quarters of the way to the moon. The U.S.
government borrows about 168 million dollars every single hour. If Bill
Gates gave every penny of his fortune to the U.S. government, it would only
cover the U.S. budget deficit for 15 days. So how in the world can our
politicians tell us that everything is going to be okay?
CIA
team to scrub bin Laden compound
EXCLUSIVE | Pakistan has agreed to let a forensics team in to use
sophisticated equipment to look for clues related to al-Qaeda in walls or
underground, a sign of cooperation between the two spy services. (Washington
Post) [ ‘To look for clues?’ Don’t make me laugh! How ‘bout to ‘plant clues’
consistent with their alternate ‘reality’(catapulting the propaganda, again and
now again, and really soaking the story) ; which of course is propagandized
fiction: | U.S. intelligence is that bin
Laden needs dialysis every 3 days / http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time.‘ Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (WP) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones
FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ex-Justice official .. 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 WP
Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
]
Krauthammer:
What Obama did to Israel (Washington Post) [ The fundamental problem with
Mr. Krauthammer’s non-sequitor illogic is the manner in which war crimes nation
israel came by those lands (war) and the numerous violations of u.n.
resolutions (ie., 242, 338, etc., and oslo accords, etc.), international law,
illegal nukes, war crimes (flotilla raid, etc.) since then. He thus becomes the
journalistic equivalent of what Pat Buchanan refers to as the ‘israeli amen
corner’ in congress. If only one could realistically ignore the detriment the
world and america have suffered as a direct consequence of this foreign policy
bent … Top
Democrats criticize Obama’s Israel policy
Now the president — whom critics often accuse of employing a
play-it-safe governing style in which he waits for others to take the lead — is
largely isolated politically in raising the issue of 1967 boundaries.
(Washington Post) [ What policy … to him, just words … more b***s*** . I’ve
thus far refrained from commenting on what I’ve anticipated to be ‘just more of
the same’; empty rhetoric. Pervasively corrupt, defacto bankrupt america makes
the wrong choice at every turn, ensuring in every way, decline and fall;
self-destructive, self-defeating. Make no mistake, and let me reiterate, that
substantially underrated President General Eisenhower would have put American
interests first and the current debacle would never have occurred in the first
instance … see, ie., http://albertpeia.com
, historical documentation, from website: http://www.ameu.org
‘Lest We Forget The Israeli lobby in
Washington has successfully influenced the U.S. Congress to give billions of
non-repayable dollars each year to Israel on the premise that Israel's loyalty
and strategic importance to the United States make it an ally worthy of such
unprecedented consideration. Is it ? In his Farewell Address, George Washington
warned Americans to avoid a passionate attachment to any one nation because it
promotes "the illusion of an imaginary common interest in cases where no
real common interest exists." 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. Israeli actions over the past 53 years involving U.S. interests
in the Middle East seriously challenge the "strategic asset" premise
of the Israeli lobby. Some of these actions are compiled in the list that
follows: …’ ] Netanyahu
lays out vision for Mideast peace (Washington Post) [
Vision? Don’t make me laugh! The guy’s blind; and a ward and provocateur at
america’s substantial cost and detriment. ]
Harold
Camping reaffirms October date for the end of the world, says May 21 date was
'invisible judgment day' (The Washington Post) [ I comment here not owing
to the importance of the latest ‘prediction’ by camping who’s probably ‘been
camping’ too long in the nether reaches of the atmosphere (affects the brain,
‘neural firing’ in a negative fashion); but to allay public concerns, and particularly
for those suffering from generalized anxiety disorder, to subtract one life
circumstance from their unrealistic worry; and, because I had previously
commented as set forth infra. No! The world will not be ending on October 21,
2011 or any other date as set forth by camping. Indeed, God needs no
mathematics, formulae, or codes to surreptitiously convey the end; his hand
ultimately unmistakably known to all. You’ll know it when you see it. As for
camping, let’s play umpires and predict the future; strike three, he’s out. Harold
Camping: the heart of the doomsday frenzy
(Los Angeles Times) The last-minute
rapture reading list (Los Angeles Times) [Drudgereport: Preacher made same prediction
in 1994... Doomsday church thriving,
worth $72 million... [Previous: ‘End
of Days’ message rolls into D.C.
(Washington Post) The
potentially rotten news that the world will end on May 21 arrived plastered on
a caravan of RVs. [ Gee … little premature … you know, that 2012, end of Mayan
calendar, Nostradamus thing … I previously weighed in / wrote: Why
do Americans still dislike atheists? (Washington Post) [ And
not just americans … Why? First and foremost because there is a God. Second, it
is intellectually dishonest to be an atheist. Specifically, there is absolutely
no evidence to dispute the existence of God. While one might similarly argue
that there is no evidence to suggest there is a God (which I would dispute),
which for most is a fair statement, the same would yield at best, if
intellectually honest, the position of ‘agnostic’. I can totally understand and
even empathize with the view of the agnostic. After all, at this point, there
seems to be ‘no rhyme nor reason’ at all. But, think binary, positives /
negatives. Just too many negatives. Think ‘capital punishment’. No, the world’s
not going to end in 2012 as some fear. Rather, think slow burn; decades at
best; then ‘poof’. In the scheme of things, this world’s just not that
important (apes, notochordates, and
initially single celled organisms). ]
Drudgereport: USA HITS DEBT CEILING...
TREASURY RAIDS PENSIONS...
RECESSIONISTA: MICHELLE
OUTDOES ROYAL -- WEARS $2,000 DRESS...
Military operation against
Gadhafi in 'new phase'...
FLASHBACK: Obama: U.S.
Involvement Would Last 'Days, Not Weeks'...
PAPER: Inflation bumps cost
of Memorial Day weekend BBQ by 29%!
Families spending $168 more per month on gas than a year ago...
PUTIN DECIDES TO RETAKE
PRESIDENCY
STATE OF THE UNION: Metal Scrappers Swipe Teen's
Wheelchair...
Copper strippers possibly
posing as road crews darken DC...
Iron Thieves Caught
Dismantling 100 Yards Of Railroad Tracks...
ATM Serviceman Cleans Out
Machines, Refills With Photocopies Of Cash...
Perry 'going to think about'
run...
Ron Paul places second in
NH...
Iowa GOP to Christie: Drop
by...
GALLUP: Romney, Palin Lead
GOP Field for 2012... [Rep.
Ron Paul takes second in New Hampshire CNN poll ]
In Obama's Hometown, Romney
Criticizes Econ Policies...
Sends Left-Over Pizza to
Obama HQ...
Will formally announce run on
June 2...
'PATRIOT ACT' CLEARS CONGRESS
-- WILL BE SIGNED INTO LAW BY A MACHINE...
60 DAYS: GOP senators press
Obama on war powers...
Pile of American debt --
would stretch beyond stratosphere!
House members' stock market
success suspect...
Congressional bonuses handed
out during budget crisis...
Loughner removed from
courtroom after outburst...
Found too
american to stand trial...
Gold, silver coins to be
legal currency in Utah...
DAY 3: MORE TWISTERS...
At least 14 more killed...
VIDEO...
Fresh Twisters
Touch Down...
At least 7 more killed...
Death toll reaches 124 in
Joplin; Deadliest in half century..
1,500 Reported
Missing...
TORNADO SWARMS DEADLIEST IN
MORE THAN HALF CENTURY
HEARTLAND
DEVASTATION...
116 dead, nearly 500 twister
deaths this year...
VIDEO... PHOTOS...
AUDIO TERROR: 'I LOVE YOU
ALL'...
'I'm alive!' text message
saves man's life...
1,500 rescuers work through
pouring rain...
Threats of more to
come...
Looting in Minneapolis...
State Treasurer Warns Bond
Houses Against Further Loans to Illinois...
NYT: 'Is Anti-White Bias a
Problem?' [ … In what
some have called the new post-racial era, what constitutes discrimination is
shifting. The landmark Supreme Court case, Ricci
v. DeStefano, for example, ruled that white firefighters suffered
discrimination when their employer threw out a promotional exam because none of
the African-American firefighters who took the test qualified for promotion
…’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
UPDATE: $24B in bailout paid
to contractors who owe millions in taxes...
Palestinians: netanayahu
Speech is 'declaration of war'...
SUPREME COURT ORDERS CA TO
RELEASE UP TO 46,000 PRISONERS...
'Terrible things
are sure to happen'...
JERRY BROWN: 'Let's raise
taxes!!!'
FEDS SPEND MILLIONS STUDYING
SHRIMP ON TREADMILLS?? 'GELATIN WRESTLING' IN ANTARCTICA??
Melon-sized hail fell before
OK tornadoes hit...
Number 'missing' lowered to
156...
Death toll reaches 132...
Zuckerberg Shock: 'Only meat
I'm eating is from animals I've killed myself'... ‘"The
only meat I'm eating is from animals I've killed myself," says the
Facebook founder and CEO. It's an odd dietary direction for the 27-year-old
Internet billionaire, but since he has taken to killing goats, pigs and
chickens, "I'm eating a lot healthier foods. And I've learned a lot about
sustainable farming and raising of animals," he says. "It's easy to
take the food we eat for granted when we can eat good things every
day." Zuckerberg's new goal came to light, not surprisingly, on Facebook.
On May 4, Zuckerberg posted a note to the 847 friends on his private page:
"I just killed a pig and a goat."’ [ See 'Mark Zuckerberg' knife a pig ]
Choose Your Hathaway: Berkshire or Anne Sizemore May 26, 2011 ‘When the actress' name
is in the headlines, Berkshire Hathaway share prices rise, proof that
"robotrading" puts many investors at risk.’ ‘Given that algorithmic
trading now accounts for 70% of all trading, it’s not implausible. Sadly, this
is what the investment management profession has degenerated into.’ [ As to his
‘blood in the streets refeerence’ … sadly … coming to a theater ner you. ] [ I
just had to include this article, emphasizing the folly / fraud of wall street.
Well done! But butt buffet? Wall street shill, he ultimately goes out a buffoon
and fraud friend of wall street; a further sign of pervasively corrupt, defacto
bankrupt american decline. But, ‘puppy-dog-eyes’? How ‘bout ‘cat’s eyes’, as in
Catwoman. Don’t forget Chuck, ‘mnemonics’, loosely speaking, are kind of
like in a clichéd sort of way, that ‘double edged sword that cuts both
ways’ … you know, ‘Tom Sizemore’ … are you related? ] We’ve always admired
Berkshire Hathaway (BRK-A) Chairman Warren Buffett. He is, after all, the
most successful investor in history and a legend in his own time. Mr. Buffett’s
annual reports are fountains of investment wisdom that should be required
reading in business
schools and for everyone in the money management profession.We’ve also had an
admiration for the Hollywood actress Anne Hathaway for many years, though we
know nothing of her investment acumen. Some readers of the Sizemore Investment
Letter might be interested to know that the 28-year-old Ms. Hathaway will be
starring in next year’s Batman movie, The Dark Knight Rises, as the
Catwoman. Berkshire Hathaway shareholders had better hope that her performance
generates its share of press. Their investment returns might depend on it.Yes,
dear readers, you read that correctly. As ridiculous as it might sound, the
price of Berkshire Hathaway’s (BRK-B) shares move in tandem with Ms. Hathway’s
film career. Consider what the Financial Times had to say on the matter:
Anne Hathaway is young, beautiful and excels in soppy romantic
comedies. But while her puppy-dog-eyes bring tears to multiplexes worldwide,
her performances are now being watched in a less familiar quarter: Wall Street.
Traders barely noticed that the star of The Devil Wears Prada had hosted last
month’s Oscars, until blogger Dan Mirvish spotted an odd pattern: if Ms.
Hathaway is in the news, Warren Buffett’s Berkshire Hathaway stock jumps too.
Berkshire shares rose 2.02% the night before Ms. Hathaway hosted the Oscars,and
a whopping 2.94% the day after. The opening day of her 2009 comedy Bride
Wars was also a good day for Berkshire stock
-- up 2.60%. And why might Anne Hathaway be having this effect on Berkshire
Hathaway’s price? Mirvish suggests that “robotraders” are scanning the
headlines looking for trends, and upon seeing multiple mentions of “Hathaway,”
are automatically buying Berkshire Hathaway stock. Given that algorithmic
trading now accounts for 70% of all trading, it’s not implausible. Sadly, this
is what the investment management profession has degenerated into. Real “roll
up your sleeves” research is too much work. Who has time to read the notes to a
balance sheet, after all? Even technical analysis, which has always had its
share of the mentally lazy who prefer cheap shortcuts they rarely understand,
is now too much work. Yes, instead we now have computers
reading the newspapers for us and buying Berkshire Hathaway stock every time
Anne Hathaway gets photographed by the paparazzi. Brilliant. The bad news is
that this kind of nonsensical noise trading adds to the volatility of the
markets. Remember last year’s “Flash Crash” in which the Dow dropped 1,000
points for no discernible reason only to gain most of it back almost instantly?
Though there has yet to be a satisfactory answer as to what happened that day,
most blame the crash on algorithmic trading run amok. The timing of the Flash
Crash, just a year after the worst bear market in a generation, added to the
sense of alienation that many retail investors
feel towards Wall Street. The man on the street can be forgiven for concluding
that it is a rigged game. The truth is, Wall Street really is a rigged game and
it always has been. And even with the massive regulatory apparatus ostensibly
put in place to protect the “little guy,” the reality is that Wall Street will
most likely always be a rigged game.
The good news is that it really doesn’t matter. Level-headed investors can
still do quite well, so long as they play to their strengths. Remember,
robotraders have time horizons measured in seconds. You can’t compete with that
if you are attempting to trade on speed. But if you choose your investments
well -- like Mr. Buffett -- you can do very well with time horizons measured in
months, years, or even decades.
Those investors willing and able to make bold bets against the herd can also do
quite well. Again returning to Buffett, “You have to be fearful when others are
greedy and greedy when others are fearful.”
Or as Baron Rothschild more bluntly put it, “The time to buy is when there is
blood in the streets.” Investors who were able to buy during the pits of the
Flash Crash made a fortune in a matter of minutes. Those who bought during the
post-Lehman meltdown of late 2008 had to wait a bit longer but still enjoyed
fantastic returns in the two years that followed. At my firm, this is how we
approach investing. We focus on themes with staying power -- demographic
trends, the rise of the emerging market middle class, and long-term dividend
growth, to name a few. We look for opportunities where a given stock -- or the
stock market as a whole -- have been mispriced due to investor fear, greed or
lack of understanding. And then we invest
accordingly. And as for the lovely Ms. Hathaway, we enjoy our starlets on the
silver screen, but we don’t let them affect our investment decisions.’
‘Dancing
With the Stars’: Season 12 ‘Idol’
names winner in record vote Goodbye Oprah (Washington Post) [ I must admit, never
having seen even one of the foregoing shows, the ‘dry heaves / nausea’ factor
at even the thought of same may seem, in light of their popularity, less than
fair or objective. The truth is that more probable is the ‘deamericanization
factor’ that I and I believe the rest of the world is experiencing. I usually
don’t comment on entertainment matters; but, a sign of the times is noteworthy. 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs Navin
‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
Washington
area’s Asian population booms (Washington Post) [ This seems to foreshadow
that almost mythical, legendary, prospective ‘long march’ so heralded in
Chinese lore (at least the military’s) regarding the final conquest of pervasively
corrupt, defacto bankrupt, and rapidly declining america. I’d say they’re
watching ever more closely the ever more worthless american paper they’re
holding. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan; indeed they are. [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones |
U.S. intelligence is that bin Laden needs dialysis
every 3 days/ http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
]
Why
we read Palin’s tell-all The
underlying interest says something more primal than simply our fascination with
Mama Grizzly. (Washington Post) [ I’d say it’s more of a curious fascination
with the ‘new american dumb’. After all, who can deny the boost she got from
SNL’s Tina Fey’s impresarios highlighting same. Yet, in comparison with and
juxtaposed to the rest of the Washington field (mccain, bush, wobama, et als),
she’s got plenty of cover / camouflage.
Send to a friendSarah Palin: Don't pick on Donald Trump
Politico - Even
though Donald Trump has wholeheartedly embraced the wall-to-wall media coverage
that's come with his promotion of the widely discredited “birther” issue, Sarah
Palin argued Tuesday that the press is treating him ... Trump's business success claims questioned CBS News ‘…Trump hotels and casinos in Atlantic City have
filed for bankruptcy protection three times. While Trump blamed market forces,
he has long been chairman of the board for the casino businesses.In his
defense, Trump said he "didn't run the company." Isikoff then asked
why he was paid $2 million per year to chair the board of that business. Trump
replied: "Excuse me. Because I'm a genius, okay."Trump said many
different businesses license the use of his name, but he's not directly
involved in their operations.Casinos have not been the only weakness in the
Trump empire. There have been many high profile bankruptcy filings, bad real
estate deals, and a trail of ongoing lawsuits accusing him of bad business
practices.Another questionable move was "Trump University," an
online, for-profit business education firm. The attorney general in Texas
ordered him to stop using the word "university" in its title. Trump
said his company was unaware of restrictions on the use of that word.Isikoff
also said he asked Trump if he thought the state of Hawaii was lying in regards
to Obama being born there, and he did not answer the question. In summation of
his experiences that qualify him to be President of the United States, Trump
told Isikoff: "My successes...have been vast. I don't even view myself as
having failures, and I certainly learned from things that don't work out as
well." ‘ As Trump rants, TV ratings slide Tampabay.com Parker:
The GOP plays a crazy Trump card (Washington Post) [ I don't know what polls
Ms. Parker's referring to; but unless she's referring to mobster trump
apprentice news (trump was fired from his own casino company), that certainly
doesn't comport with polls I've read. Moreover, like palin, trump's the joke
that keeps on giving (for SNL, late-night talk hosts, etc.) ...’ ]
Allan Sloan A Wall Street money maven suggests buying
stocks of some large-capitalization U.S. multinational firms. (Washington Post)
[ Sorry Mr. Sloan. Your usual right-on perspicuity is a bit off here; certainly
in terms of time. That was the strategy in light of the dollar debasement which, along with continued fraud among
other manipulations, has created a
stock-price bubble almost of unprecedented magnitude (infra). The best advice
now comports with that old adage: ‘Sell in May and go away’. This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. 2) Professor Shiller at
Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26. The historical average is about 16. 3) The failure of the
financial sector to keep up is a significant
negative divergence for the entire market. 4)
Key market leaders are rolling over in price... ‘
Global
Economy Dying on the Vine Nyaradi
‘The global economy seems to be dying on the vine as more news of
economic slowdown pours in every day. The U.S. stock market and ETFs continue
to react negatively to deteriorating economic news even as the Federal Reserve
bought $6 Billion in their POMO operations yesterday.The DJIA, S&P 500 and
NASDAQ are all below their 50 Day Moving Averages while the NASDAQ has also
dropped below its 100 Day Moving Average.The NASDAQ and DJIA are now on Point
and Figure “Sell” signals, having experienced a Bearish Catapult Breakdown at
Tuesday’s close and now has a price target of 12,050.
http://static.seekingalpha.com/uploads/2011/5/25/saupload_djiapf052411.png stockcharts.com,
click to enlarge
…
Richmond Federal Reserve reported a severe drop in activity in the region as
the report actually contracted to -6 from a +10 in April. China’s Purchasing Manager’s Index declined, Japan
is back in recession and Belgium, one of the core countries in the eurozone was
issued a credit downgrade warning by the Fitch ratings agency. Spain’s bond premium to the
benchmark German Bund is back to January’s levels and Greek 10 Year Bonds are a whopping 17%
which is clearly unsustainable. Closer to home, Vice President Biden continues
to work with Congress towards what they’re labeling a $1 Trillion down payment to avert a
government shutdown in August and the Illinois State Treasurer says his state
is on the “verge
of financial disaster.” …’ ]
Geithner:
‘Dark forces’ working against overhaul (Washington Post) [ Yeah! And, this
was so from the date of ‘tiny tim geithner’s’ appointment, along with other
insiders. . Barack
Obama: The Naked Emperor Shocking but true revelations from David Icke (a must
read) | ‘…He has been covertly
funded and supported ever since by the Trilateral Commission and its network of
foundations connecting into the Ford Foundation, for whom Obama's mother
worked... Does anyone really believe that someone, a 'man of the people', would
simply appear from apparently nowhere to run the slickest and best-funded presidential
campaign in American history? He was chosen long ago by those who wish to
enslave the very people that Obama says he wants to 'set free'. The sources of
Obama funding .. - Goldman, UBS, Citi, Credit Suisse, Deutsche, J.P. Morgan
Chase, Morgan Stanley, etc. No wonder he went back on his pledge to accept the
limitations of public funding … Obama is just more of the same, a big smile
with strings attached, and controlled completely by those that chose him,
trained him, sold him and provided his record funding, kept his many skeletons
under wraps, like the gay sex and crack cocaine .. Larry Sinclair (from
affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp,
who is alleged to claim that someone claiming to represent me called asking for
$100,000, to keep me from coming forward about our (Obama and I) November 1999
encounter of sex and cocaine use?), ... Obama is just another Banksters' moll
prostituting himself .., and that's why he supported the grotesque bail-out of
the banking system and why he will always put their interests before the
people. His financial advisors are straight from the Wall Street 'A' list, …
Zionist Tim Geithner (Bilderberg Group, Trilateral Commission, Council on
Foreign Relations), was appointed Treasury Secretary, a former employee of both
the Council on Foreign Relations and the appalling Kissinger Associates.
Obama's Treasury team locks into the inner circle around the Zionist Robert
Rubin, Citi, Council on Foreign Relations, and economic advisor to Obama.
Rubin, ..Illuminati Bilderberg Group, the man behind Citi's debacle.. rescued
by taxpayers' money. The very people who caused the financial crisis ..
appointed by Obama .. 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
...’ Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street
accountable for the meltdown. ):
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Drudgereport: USA
HITS DEBT CEILING...
TREASURY
RAIDS PENSIONS...
PUTIN
DECIDES TO RETAKE PRESIDENCY
GALLUP:
Romney, Palin Lead GOP Field for 2012...
In
Obama's Hometown, Romney Criticizes Econ Policies...
Sends
Left-Over Pizza to Obama HQ...
Will
formally announce run on June 2...
'PATRIOT
ACT' CLEARS CONGRESS -- WILL BE SIGNED INTO LAW BY A
MACHINE...
60
DAYS: GOP senators press Obama on war powers...
Pile
of American debt -- would stretch beyond stratosphere!
House
members' stock market success suspect...
Congressional
bonuses handed out during budget crisis...
Loughner
removed from courtroom after outburst...
Found too american to stand trial...
Gold,
silver coins to be legal currency in Utah...
DAY
3: MORE TWISTERS...
At
least 14 more killed...
VIDEO...
Fresh Twisters Touch Down...
At
least 7 more killed...
Death
toll reaches 124 in Joplin; Deadliest in half century..
1,500 Reported Missing...
TORNADO
SWARMS DEADLIEST IN MORE THAN HALF CENTURY
HEARTLAND DEVASTATION...
116
dead, nearly 500 twister deaths this year...
VIDEO...
PHOTOS...
AUDIO
TERROR: 'I LOVE YOU ALL'...
'I'm
alive!' text message saves man's life...
1,500
rescuers work through pouring rain...
Threats of more to come...
Looting
in Minneapolis...
State
Treasurer Warns Bond Houses Against Further Loans to Illinois...
NYT:
'Is Anti-White Bias a Problem?'
[ … In what
some have called the new post-racial era, what constitutes discrimination is
shifting. The landmark Supreme Court case, Ricci
v. DeStefano, for example, ruled that white firefighters suffered
discrimination when their employer threw out a promotional exam because none of
the African-American firefighters who took the test qualified for promotion
…’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
UPDATE:
$24B in bailout paid to contractors who owe millions in taxes...
Palestinians:
netanayahu Speech is 'declaration of war'...
SUPREME
COURT ORDERS CA TO RELEASE UP TO 46,000 PRISONERS...
'Terrible things are sure to happen'...
JERRY
BROWN: 'Let's raise taxes!!!'
FEDS
SPEND MILLIONS STUDYING SHRIMP ON TREADMILLS?? 'GELATIN WRESTLING' IN
ANTARCTICA??
Zuckerberg
Shock: 'Only meat I'm eating is from animals I've killed myself'...
‘"The only meat
I'm eating is from animals I've killed myself," says the Facebook founder
and CEO. It's an odd
dietary direction for the 27-year-old Internet billionaire, but since he has
taken to killing goats, pigs and chickens, "I'm eating a lot healthier
foods. And I've learned a lot about sustainable farming and raising of
animals," he says. "It's easy to take the food we eat for granted
when we can eat good things every day." Zuckerberg's new goal came to
light, not surprisingly, on Facebook. On May 4, Zuckerberg posted a note to the
847 friends on his private page: "I just killed a pig and a goat."’
Global
Economy Dying on the Vine Nyaradi ‘The global economy seems to be dying on the vine as more news of
economic slowdown pours in every day. The U.S. stock market and ETFs continue
to react negatively to deteriorating economic news even as the Federal Reserve
bought $6 Billion in their POMO operations yesterday.The DJIA, S&P 500 and
NASDAQ are all below their 50 Day Moving Averages while the NASDAQ has also
dropped below its 100 Day Moving Average.The NASDAQ and DJIA are now on Point
and Figure “Sell” signals, having experienced a Bearish Catapult Breakdown at
Tuesday’s close and now has a price target of 12,050.
http://static.seekingalpha.com/uploads/2011/5/25/saupload_djiapf052411.png stockcharts.com,
click to enlarge
Yesterday’s
economic reports gave the stock market a quick boost at the open when new home
sales came in at +7.3% and an annualized rate of 323,000/year which still is at
severely depressed levels. But then, the Richmond Federal Reserve reported a
severe drop in activity in the region as the report actually contracted to -6
from a +10 in April. China’s Purchasing Manager’s Index declined, Japan is back
in recession and Belgium, one of the core countries in the eurozone was issued
a credit downgrade warning by the Fitch ratings agency. Spain’s bond premium to
the benchmark German Bund is back to January’s levels and Greek 10 Year Bonds
are a whopping 17% which is clearly unsustainable. Closer to home, Vice
President Biden continues to work with Congress towards what they’re labeling a
$1 Trillion down payment to avert a government shutdown in August and the
Illinois State Treasurer says his state is on the “verge of financial
disaster.” …’
Is the U.S. Worse
Off Than Europe? Maierhofer ‘… Deception and naive reporting are as
intertwined with the evolution of European dept woes as Feta cheese is to Greek
culinary culture. Rarely has this become more obvious than now. Luxembourg's Prime Minister didn't beat around the
bush: 'When it becomes serious, you have to lie.' You be the judge whether it
is more 'honorable' to omit, deceive, obstruct, misconstrue, or lie (purposely
or unintentionally). There are plenty of examples so we can make an educated
decision.You shouldn't throw stones if you are sitting in a glass house. This
is the case with the United States. The administration has engaged in all kinds
of maneuvers and financial alchemy to obstruct the truth and prevent free
market forces from expressing themselves. QE2 is the most famous example. Mr.
Bernanke is caught in his very own web of financial engineering side effects.
Preaching on one hand that QE2 was supposed to inflate assets and create a
wealth effect but denying that QE2 has caused wide spread food and energy
inflation. Another example is the 'adjustment' of accounting rule 157, demanded
and sanctioned by Congress. The 'new and improved' rule 157 allows banks
(NYSEArca: KBE) and financial institutions (NYSEArca: XLF) to omit hundreds of billions of toxic assets in an off
balance sheet bucket that doesn't affect earnings results …’
[video]
Growing Bear Signs for trader
The
S&P 500's Lost Decade Short
‘Here is a new update of a chart that illustrates the total return performance
of the S&P 500 since the Tech Bubble closing high on March 24, 2000. The
chart shows the value of $1000 invested in the index, including dividends, but
excluding any taxes or fees, as of May 20th. I've also included the real value
using the Consumer Price Index for the inflation adjustment. http://static.seekingalpha.com/uploads/2011/5/25/saupload_sp500_total_20return_on_1000_invested_in_2000_thumb1.png
Click
for a larger image I calculated on the returns based on the daily price and
daily dividends interpolated from the quarterly dividends as reported by
Standard & Poor's. Thus the $1,070 nominal and $809 real values are the
hypothetical returns excluding any taxes or fees. For the sake of comparison
and to validate the calculation method, we can compare the nominal return in
the chart above to Vanguard's 500 Index Investor Fund (VFINX), which has had a return
of $1,057. Over the same timeframe The SPY ETF has returned $1,044.We're now
over eleven years beyond the S&P 500 2000 high. This little charting
exercise gives credence to the frequent reference to a "lost decade"
for investors. It also offers support for the wisdom of diversification across
asset classes.’
[$$] Another Late-Day Slide for the S&P
This is an especially great opportunity to
sell / take profits while you still can since there's much worse to come!
Remember: ‘Sell in May and go away! ‘ … El-Erian:
“Financial Repression” In the Form of a Negative Real Rate of Return for Savers
Is Coming to America Pimco co-chair El-Erian is saying that the major flaws
in the financial system will not be addressed, the government will keep on
printing money, and that the inflation-adjusted return on investments for most
Americans will be negative. Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. 2) Professor Shiller at
Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26. The historical average is about 16. 3) The failure of the
financial sector to keep up is a significant
negative divergence for the entire market. 4)
Key market leaders are rolling over in price... ‘
Top
Democrats criticize Obama’s Israel policy
Now the president — whom critics often accuse of employing a
play-it-safe governing style in which he waits for others to take the lead — is
largely isolated politically in raising the issue of 1967 boundaries.
(Washington Post) [ What policy … to him, just words … more b***s*** . I’ve
thus far refrained from commenting on what I’ve anticipated to be ‘just more of
the same’; empty rhetoric. Pervasively corrupt, defacto bankrupt america makes
the wrong choice at every turn, ensuring in every way, decline and fall;
self-destructive, self-defeating. Make no mistake, and let me reiterate, that
substantially underrated President General Eisenhower would have put American
interests first and the current debacle would never have occurred in the first
instance … see, ie., http://albertpeia.com
, historical documentation, from website: http://www.ameu.org ‘Lest We Forget The Israeli lobby in
Washington has successfully influenced the U.S. Congress to give billions of
non-repayable dollars each year to Israel on the premise that Israel's loyalty
and strategic importance to the United States make it an ally worthy of such
unprecedented consideration. Is it ? In his Farewell Address, George Washington
warned Americans to avoid a passionate attachment to any one nation because it
promotes "the illusion of an imaginary common interest in cases where no
real common interest exists." 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. Israeli actions over the past 53 years involving U.S. interests
in the Middle East seriously challenge the "strategic asset" premise
of the Israeli lobby. Some of these actions are compiled in the list that
follows: …’ ] Netanyahu
lays out vision for Mideast peace (Washington Post) [
Vision? Don’t make me laugh! The guy’s blind; and a ward and provocateur at
america’s substantial cost and detriment. ]
Poll:
More fear U.S. debt than default
Whether or not Congress raises the debt limit, majority of Americans are
worried about the consequences. (Washington Post) [ How ‘bout all of the above! “Both
Parties And The White House Are Advocating A US Default” Zero Hedge
| David Stockman, one of the few voices of fiscal prudence, debated US
insolvency.
David
Stockman: “Both Parties And The White House Are Advocating A US Default” Last
week David Stockman was on Tom Keene, making the usual media rounds (sometimes
we marvel at his patience and endurance), as one of the few voices of fiscal
prudence available to TV producers who seek to hold a balanced debate on the
topic of US insolvency.
Stop Raising the Debt
Ceiling Ron Paul | When our creditors finally wise up and
cut us off, we will be forced to face economic realities whether we want to or
not. Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out Market Downturn Approaching; Go Long the Ultra Shorts? White ‘.. consistently bad economic ..
Following is a brief list (mostly from Yahoo Finance‘s Economic Calendar) of
troubling news: …1-20…’ This is an especially great opportunity to sell / take
profits while you still can since there's much worse to come! Remember: ‘Sell
in May and go away! …
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog | It’s now mainstream news that none of the big financial
criminals have been prosecuted. This
is the grim economic
reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic
performance of the past ten years, equity valuations are the 2nd largest bubble
in U.S. history... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been artificially manufactured...
·
The change in accounting
rules for the financial sector by FASB has generated massive “false” account
profits beginning in 2009…’
Treasury
to tap pensions to fund government (WP) 24 Signs Of
Economic Decline In America States
face shortfall for retirees (WP) (The frauds on wall street et als should be criminally prosecuted,
jailed, fined, and disgorgement imposed. ]
Market Downturn Approaching; Go Long the Ultra Shorts? White ‘It is time to worry about a market downturn. There
has been almost consistently bad economic news reported in the U.S. in the last
week. Following is a brief list (mostly from Yahoo Finance‘s Economic Calendar)
of troubling news:
- The Trade Balance for March was worse than
expected at -$48.20B vs. an expected -$47.00B (the previous month’s was
-$45.40B). Pundits are speculating that this will result in a lowering of
the Q1 GDP estimate, which is due out May 26.
- The Mississippi Flood is the worst in a
century-- this alone will depress the Q2 GDP. Shipping down the
Mississippi has slowed (or sometimes stopped). Huge numbers of casinos
have closed. Farms and towns have been flooded.
- The PPI missed at 0.80% vs. an expected 0.60%.
The Core PPI missed at 0.30% vs. an expected 0.20%. Also, the continued
large spread between the CPI and PPI numbers means that many companies are
eating a good part of the quickly increasing input costs. This should hurt
margins going forward.
- Retail Sales (MoM) missed at +0.50% vs. an
expected +0.60%.
- Some good news Friday had the Michigan Consumer
Sentiment Index beat at 72.40 vs. an expected 70.00.
- The NY Empire State Manufacturing Index missed
at 11.90 vs. an expected 19.60.
- The TIC Net Long-Term Transactions missed at
$24.00B vs. an expected $57.70B.
- The NAHB Housing Market Index missed at 16 vs.
an expected 17.
- Housing Starts missed at 0.52M vs. an expected
0.57M.
- Building Permits missed at 0.55M vs. an expected
0.59M.
- The Capacity Utilization Rate missed at 76.90%
vs. an expected 77.70%.
- Industrial Production (MoM) missed at 0.00% vs.
an expected +0.50%.
- Several blue chip companies such as Cisco (CSCO)
and Hewlett Packard (HPQ) gave very weak guidance going
forward, as though they are expecting a soft spot in the economy.
- The Fed Minutes indicated that they had considered
ending QE2 before its stated end, but decided to proceed since it was so
close to the end. The Fed also talked about how to withdraw stimulus.
There seemed to be no serious consideration of a QE3. There are only a few
crumbs left of the manna of the market hypers (QE2).
- Congress has allowed the debt ceiling to be
exceeded. Geithner is now borrowing from Peter to pay Paul, and August 2nd
is the day that he says this must stop. The Republicans are using the
threat of a default as leverage to get concessions on many of the spending
cuts they want. They will get spending cuts, which means tightening!
Tightening tends to push the equities markets down. Hopefully the U.S.
will not default.
- The USD has been rallying. The above mentioned
tightening should help the USD rally. If the USD continues to strengthen,
that could cause an unwind of the USD carry trade. This would translate
into selling of equities and commodities. A stronger USD would mean
commodity prices would likely fall.
- The Initial Jobless Claims were 409K vs. an
expected 420K, but the previous week‘s number was revised upward to 438K.
While it was pleasant to see a beat for a change, the overall trend is
still bad. The 409K means the total increase in Initial Jobless Claims in
the four weeks since the end of the last Nonfarm Payrolls surveys’ data
period has been 159K. Additionally, the 68K jobs from the one-time
McDonald’s (MCD) hiring spree that padded the last
Nonfarm Payrolls report will not be there to prop up the next report on
the first Friday of June. This means that the next report will be shy a
total of 227K jobs. The Nonfarm Payrolls number is likely to be a big
disappointment.
- Existing Home Sales dipped in April to 5.05M vs.
an expected 5.22M and a previous 5.10M.
- The Philadelphia Fed Manufacturing Index missed
terribly at 3.90 vs. an expected 20.00 and a previous 18.50. This is truly
ominous when combined with the terrible NY Empire State Manufacturing
Index miss (see above).
- The Leading Indicators for April missed at -0.3%
vs. an expected 0.0%…’
In
Libya, robbery funds the revolution
Cash-strapped rebels resort to an unorthodox tactic — a bank robbery
— to help fund fight against Gaddafi
(Washington Post) [ Ah! Right!
The americanization of the revolution … robbery in any form is something that america
knows a lot about … Some have already talked about this theft as being a prime
reason for this conflict: NATO
in Libya: Besides the Oil, Is It Also a Gold Robbery? The IMF data show
Libya’s reserves to be 4.6 million ounces, a figure of nearly 144 tons. At
current market prices the value is over $6bn. Financial
Heist of the Century: Confiscating Libya’s Sovereign Wealth Funds (SWF) The
objective of the war against Libya is not just its oil reserves (now estimated
at 60 billion barrels), which are the greatest in Africa and whose extraction
costs are among the lowest in the world, nor the natural gas reserves of which
are estimated at about 1,500 billion cubic meters. Libya:
All About Oil, or All About Banking? I have never before heard of a central
bank being created in just a matter of weeks out of a popular uprising. This
suggests we have a bit more than a rag tag bunch of rebels running around and
that there are some pretty sophisticated influences. Libyan
War Gets Weird: Defending the Indefensible Even those who have studied for
years the criminal consolidation of this planet under the global
corporate-financier oligarchy may be noticing that the war in Libya is turning
into something new and unprecedented. French,
British leaders meet about Libya
(Washington Post) [ Wow! Talk about sounding like a plan
... and all this time we thought they already had done that. After all, they
must conserve their resources; you know, that war-prone nato alliance comprised
of members almost to a nation defacto bankrupt, striving to emulate 'lead war
nation' america's defacto bankrupt status.
] The countries struggled Wednesday to come up with new
tactics to topple Moammar Gaddafi without resorting to further Western military
intervention.
Libya:
Increased Airstrikes, Ground Troops, Contractors, Civilians Killed, Deadly DU
Munitions – Can We Call This A War Yet? The globalist
coalition refers to it as ‘kinetic military action’, yet as more civilians are
killed in NATO bombings, and with experts adamant that deadly Depleted Uranium
weapons are being used by Western forces, the conflict in Libya looks a hell of
a lot like the occupations of Afghanistan and Iraq all over again.
‘Depleted uranium’s
toxic legacy to poison Libya for 40 years’ Military experts
are accusing coalition forces in Libya of using depleted uranium in their air
strikes. The deadly substance can cause cancer and physical mutations in those
who come into close contact with it.
63
percent of people killed in Iraq war were civilians: report Xinhua | U.S.-led wars in Iraq and Afghanistan have been causing huge
civilian casualties. ]
GOP
rejecting ‘root-canal economics’
The debate about the impact of immediate budget cuts on a fragile
economy is at the core of a showdown over how and when to trim the deficit.
While Republicans say a swift spending cut doesn’t have to be painful, many
economists warn it comes at a cost. (Washington Post) [ Economists? You mean the ones who helped get us here in the
first place, including ‘no-recession-helicopter-ben-b.s.-bernanke’? Root
canals? So what! That’s what novacaine’s for … This is an especially great opportunity to sell / take
profits while you still can since there's much worse to come! Remember: ‘Sell
in May and go away! ‘ … El-Erian:
“Financial Repression” In the Form of a Negative Real Rate of Return for Savers
Is Coming to America Pimco co-chair El-Erian is saying that the major flaws
in the financial system will not be addressed, the government will keep on
printing money, and that the inflation-adjusted return on investments for most
Americans will be negative. Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. 2) Professor Shiller at
Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26. The historical average is about 16. 3) The failure of the
financial sector to keep up is a significant
negative divergence for the entire market. 4)
Key market leaders are rolling over in price... ‘
Market's
Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a
secular bear market since 2000 and our Secular
Trend Score (STS) indicates that we remain in the middle stage of its
development (click to enlarge images):
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png
This is an especially great opportunity to sell / take profits
while you still can since there's much worse to come! Remember: ‘Sell in May
and go away! …
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog | It’s now mainstream news that none of the big financial
criminals have been prosecuted. This
is the grim economic
reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png
1Q
bank profits up, revenue down
Profits in the first quarter were the best in four years, but the
industry isn’t back on its feet yet. (Washington Post) [ ‘Simple trick’ that you’re paying for
whether you like it or not … ie., Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money—‘ … America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog | It’s now mainstream news that none of the big financial
criminals have been prosecuted. This
is the grim economic
reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic
performance of the past ten years, equity valuations are the 2nd largest bubble
in U.S. history... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been artificially manufactured...
·
The change in accounting
rules for the financial sector by FASB has generated massive “false” account
profits beginning in 2009…’
Treasury
to tap pensions to fund government (WP) 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline’ ] States
face shortfall for retirees (WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed.
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered
by the purveyors of global unrest; viz., israel, america, Orwellian england,
etc..; more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Agents
irked by plan to keep Mueller
(Washington Post) [ ‘abide by ..
tenure limits’ ? I’m more concerned with, and it’s fundamentally more important
from the perspective of the FBI’s ‘mission and purpose’, that meaningful law be
abided by regarding the following:
October 15, 2010 (*see infra)
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of
the Federal False Claims Act probably would apply and I would absent
resolution seek to refer the within to a firm with expertise in that area of
the law with which I am not familiar).
The
document in 5 pages under penalty of perjury I was asked to forward to the FBI
office in New Haven is probably the best and most concise summary of the
case RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm .
With regard to the calls to the FBI’s LA and New Haven, CT offices:
There was one call to the LA office and I was referred to the Long Beach, CA
office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as
indicative of same (he was transferred from said office within approximately a
month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
·
A judgment had been
entered in my favor in the case, United States District Court Case
#3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of
$300,000 remains unaccounted for and which could be used for payment to
creditors, Los Angeles, etc..
·
Counsel Robert Sullivan
on my behalf documented by way of certification upon investigation that Alan
Shiff, USBCJ, had falsely stated a dismissal upon which false statement he
predicated a retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings.
·
The Order of
Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s
failure to file anything whatsoever by the court’s deadline causing creditors
and me substantial damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page 1 Page 2 ]
·
Defendant Coan had
filed an action against me to prevent me from suing him which necessitated me
to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny,
Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief
as to Coan but precluded my action against Shiff (although there is no
immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a
case under Title 11, USC, etc.) . [ http://albertpeia.com/crossexamofcoanbypeia.pdf ]
·
Newly appointed
judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case
despite the conflict of interest in light of hundreds of thousands of dollars
of illegal (drug) money being laundered through the Trump casinos by the RICO
defendants, and despite my motion to recuse her which motion she heard herself
and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to
join or file a separate motion to recuse and not long thereafter left said
office for private practice at Cole, Shotz, et als on retainer with the RICO
defendants as his primary client.
·
Probative and
evidentiary documents, affidavits, exhibits, including those turned over to FBI
Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney
Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in
Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month thereafter
upon inquiry I was told that Jonathon Lacey was no longer with the office, that
the file/documents could not be located, and that there was no further
information available concerning contacting him or his location. I thereupon
delivered by hand, copies of said documents to the office of then U.S. Attorney
Alito, addressed to him, with assurance they would go directly to him. In addition to being 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. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt
because he is inept). After a reasonable (but still rather short) time I called
to determine the status and was told that Alito was no longer with the Office
of the U.S. Attorney, that he was (appointed) a federal judge, and that neither
the documents nor any file or record of same could be located. Alito did parley
the same / cover-up into quid pro quo direct lifetime appointment to the Court
of Appeals, 3rd circuit, despite the absence of judicial experience
or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is
the same Sam Alito that now sits on the purported highest court in the land.
The real application of the illegal rule ‘don’t ask, don’t tell’.
There
is applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert
L. Peia
611
E. 5th Street, #404
Los
Angeles, CA 90013
(213)
219-**** (cell phone)
(213)
622-3745 (listed land line but there are unresolved problems with the line,
computer connection may be the reason but I hesitate to chance greater
non-performance / worsening by their ‘fix’ so cell phone best for contact).
Fight
over feral alley cats divides feline lovers (Washington Post) [ My love of cats, big and small, is no
mystery; but indeed is beyond the scope of this comment. I’ve had and loved
neutered (not by my decision / action) as well as my most recent ‘macho’ (non-neutered)
cat ( I just couldn’t bring myself to ‘cutting his b***s off’ as advised by a
girl I was seeing at the time … kind of a ‘golden rule’ thing … and knowing
‘he’d never forgive me’ … his loss to me, part of the RICO scenario, though not
part of my damages, is among the forever unforgivable parts of what occurred
therein). As for ‘taking a position’, as a noumenon, I question the premise of
any life at all in a meaningful sense in Washington d.c.; and hence, not the
best comparison for setting policy. Unlike dogs, you will not see cats
attacking and killing babies, etc.. So, I conclude that in such dire
circumstances (d.c.) where a trade-up is beneficial, such seems, though
rightfully exceptional, a sometimes favorable course, if the only choice; which
assumes procreation and continued growth of the species is not impinged upon.
Therefore, this argues for un-neutered moves to better environs. ]
This is an especially great opportunity to
sell / take profits while you still can since there's much worse to come!
Remember: ‘Sell in May and go away! ‘ … El-Erian:
“Financial Repression” In the Form of a Negative Real Rate of Return for Savers
Is Coming to America Pimco co-chair El-Erian is saying that the major flaws
in the financial system will not be addressed, the government will keep on
printing money, and that the inflation-adjusted return on investments for most
Americans will be negative. Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.
2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26. The historical average is about 16. 3) The failure of the financial
sector to keep up is a
significant negative divergence for the entire market. 4) Key market leaders are
rolling over in price... ‘
Market's
Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a
secular bear market since 2000 and our Secular
Trend Score (STS) indicates that we remain in the middle stage of its
development (click to enlarge images):
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png
This is an especially great opportunity to sell / take profits
while you still can since there's much worse to come! Remember: ‘Sell in May
and go away! …
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog | It’s now mainstream news that none of the big financial
criminals have been prosecuted. This
is the grim economic
reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic
performance of the past ten years, equity valuations are the 2nd largest bubble
in U.S. history... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been artificially manufactured...
·
The change in
accounting rules for the financial sector by FASB has generated massive “false”
account profits beginning in 2009…’
Treasury
to tap pensions to fund government (WP) 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline’ ] States
face shortfall for retirees (WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come!
Reconciliation (Washington Post) Recap: Budget
graphs and budget tables; our fiscal future basically depends on
whether this works; and why did Republicans support a budget they
knew was politically toxic? [ Budget graphs and budget tables? Don’t ‘bet
the ranch’ on them … oh, wait … everybody already did … the ranch is indeed
upside down (worth less than what’s owed)
… the ‘new american dream / nightmare / fantasy’ … Market Downturn Approaching; Go Long the Ultra Shorts? White ‘It is time to worry about a
market downturn. There has been almost consistently bad economic news ..:
1. The Trade Balance for March was worse than expected
..will result in a lowering of the Q1 GDP estimate, which is due out May 26.
2. The Mississippi Flood is the worst in a century--
this alone will depress the Q2 GDP..
3. The PPI missed at 0.80% vs. an expected 0.60%. The
Core PPI missed at 0.30% vs. an expected 0.20%. .. This should hurt margins
going forward.
4. Retail Sales (MoM) missed at +0.50% vs. an expected
+0.60%.
5. .. Michigan Consumer Sentiment Index beat at 72.40
vs. an expected 70.00.
6. The NY Empire State Manufacturing Index missed at
11.90 vs. an expected 19.60.
7. The TIC Net Long-Term Transactions missed at $24.00B
vs. an expected $57.70B.
8. The NAHB Housing Market Index missed at 16 vs. an
expected 17.
9. Housing Starts missed at 0.52M vs. an expected 0.57M.
10. Building Permits missed at 0.55M vs. an expected
0.59M.
11. The Capacity Utilization Rate missed at 76.90% vs. an
expected 77.70%.
12. Industrial Production (MoM) missed at 0.00% vs. an
expected +0.50%.
13. Several blue chip companies such as Cisco (CSCO)
and Hewlett Packard (HPQ) gave very weak guidance going forward, as
though they are expecting a soft spot in the economy.
14. The Fed Minutes indicated that they had considered
ending QE2 before its stated end, but decided to proceed since it was so close
to the end..
15. Congress has allowed the debt ceiling to be exceeded.
Geithner is now borrowing from Peter to pay Paul, ..
16. The USD has been rallying. The above mentioned
tightening should help the USD rally. If the USD continues to strengthen, that
could cause an unwind of the USD carry trade. This would translate into selling
of equities and commodities. A stronger USD would mean commodity prices would
likely fall.
17. The Initial Jobless Claims were 409K vs. an expected
420K, but the previous week‘s number was revised upward to 438K..
18. Existing Home Sales dipped in April to 5.05M vs. an
expected 5.22M and a previous 5.10M.
19. The Philadelphia Fed Manufacturing Index missed
terribly at 3.90 vs. an expected 20.00 ..
20. The Leading Indicators for April missed at -0.3% vs.
an expected 0.0%…’ ]
Businesses
criticize whistleblower plan (Washington Post) Groups are alarmed about a
federal plan to reward company insiders and other tipsters for blowing the
whistle on corporate fraud. The SEC is scheduled to vote Wednesday on the
far-reaching proposal. [ They would … criticize and be alarmed at such plan
which would increase the cost of their bribes from current levels … U.S.
probes rely on companies' own inquiries (Washington Post) [ Tried that … doesn’t work in pervasively
corrupt, defacto bankrupt america … the last few and ongoing crises are a
testament to the failure of that approach …
] PostLeadership:
Should money buy information? (Washington Post) [ It should, particularly since we know the
converse is only too true in pervasively corrupt, defacto bankrupt america … Obama
adopts the Bush Doctrine The May 19
Middle East speech, annotated. (Washington Post) [ Yeah! Two nut cases; two failed presidents. The latest case of U.S.
paranoia (Los Angeles Times) [ Yeah! This really needs to be said;
particularly when you take into account the reality, that while plentiful,
american laws are all but meaningless, arbitrarily enforced at best, and
‘federales’ and their supporters (more commonly called bribes, one way or form
or another) invariably the worst offenders. Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
NATO
launches massive Libya strike (Washington Post)Tripoli is rocked by at
least 15 huge explosions, many concentrated near Moammar Gaddafi’s compound. Senators
introduce measure supporting force [ ‘The Empire Strikes Back’ (saw that film – the empire’s the
bad guys) at … ] A
storm season on a deadly path As the death toll hits 116, the latest
tornado in Missouri has experts asking why 2011 has spawned so many deadly
storms, with many blasting heavily populated areas. (Washington Post) [ … God’s
Wrath … as good an explanation as any, especially when taking into account the
innocent blood on former empire, pervasively corrupt, defacto bankrupt
america’s hands … Market Downturn Approaching; Go Long the Ultra Shorts? White ‘It is time to worry about a
market downturn. There has been almost consistently bad economic news ..:
1. The Trade Balance for March was worse than expected
..will result in a lowering of the Q1 GDP estimate, which is due out May 26.
2. The Mississippi Flood is the worst in a century--
this alone will depress the Q2 GDP..
3. The PPI missed at 0.80% vs. an expected 0.60%. The
Core PPI missed at 0.30% vs. an expected 0.20%. .. This should hurt margins
going forward.
4. Retail Sales (MoM) missed at +0.50% vs. an expected
+0.60%.
5. .. Michigan Consumer Sentiment Index beat at 72.40
vs. an expected 70.00.
6. The NY Empire State Manufacturing Index missed at
11.90 vs. an expected 19.60.
7. The TIC Net Long-Term Transactions missed at $24.00B
vs. an expected $57.70B.
8. The NAHB Housing Market Index missed at 16 vs. an
expected 17.
9. Housing Starts missed at 0.52M vs. an expected 0.57M.
10. Building Permits missed at 0.55M vs. an expected
0.59M.
11. The Capacity Utilization Rate missed at 76.90% vs. an
expected 77.70%.
12. Industrial Production (MoM) missed at 0.00% vs. an
expected +0.50%.
13. Several blue chip companies such as Cisco (CSCO)
and Hewlett Packard (HPQ) gave very weak guidance going forward, as
though they are expecting a soft spot in the economy.
14. The Fed Minutes indicated that they had considered
ending QE2 before its stated end, but decided to proceed since it was so close
to the end..
15. Congress has allowed the debt ceiling to be exceeded.
Geithner is now borrowing from Peter to pay Paul, ..
16. The USD has been rallying. The above mentioned
tightening should help the USD rally. If the USD continues to strengthen, that
could cause an unwind of the USD carry trade. This would translate into selling
of equities and commodities. A stronger USD would mean commodity prices would
likely fall.
17. The Initial Jobless Claims were 409K vs. an expected
420K, but the previous week‘s number was revised upward to 438K..
18. Existing Home Sales dipped in April to 5.05M vs. an
expected 5.22M and a previous 5.10M.
19. The Philadelphia Fed Manufacturing Index missed
terribly at 3.90 vs. an expected 20.00 ..
20. The Leading Indicators for April missed at -0.3% vs.
an expected 0.0%…’
Gerson:
Gates’s war against defense cuts (Washington Post) [ Wow! Talk about being
out of touch … I quess after years at the cia one starts to believe their own
b***s*** / propaganda / lies to the point that, as gates, they’ve completely
lost touch with reality … Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE
BE CAREFUL OUT THERE! ‘ … pervasively
corrupt america is defacto bankrupt! Senate
Dems find themselves in a tough spot (Washington Post) [ Tough spot? Like
Iraq and a hard place … called Afghanistan … indeed they are … in a tough spot
… of their own making … by a wobama prevaricating approach to most all things
despite campaign promise that belie their actions, or lack thereof. ] [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones | Hamid Gul, former ISI chief, talks about
NATO firing on Pakistani troops and the prospect of WWIII. Ludicrous Bin Laden “Porno” Claim Harks Back To CIA
Fakery Watson
| Spooks admitted creating hoax videotapes of Osama talking about having sex
with boys. [ Yeah! This is becoming preposterous and it’s quite amazing that
anyone’s believing anything they say. Next thing you know, they’ll be saying
beyond the porn stash, Bin Laden was a closet Christian. Osama
bin Laden: A dead nemesis perpetuated by the US government ... May
1, 2011 ... U.S. intelligence is that bin
Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11,
JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion “All
In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His
Remarkable And Unique Warnings Given For Naught” Financialization
and Our Increasingly Unstable Economy Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Headley
ties Pakistani spy agency to terror group
(Washington Post) [ And, guess what? Everyone is tying american spy
agency (cia) to multiple terror groups, including of course, america itself. Senate
Dems find themselves in a tough spot (Washington Post) [ Tough spot? Like
Iraq and a hard place … called Afghanistan … indeed they are … in a tough spot
… of their own making … by a wobama prevaricating approach to most all things
despite campaign promise that belie their actions, or lack thereof. ] Democrats
who control the Senate are blocking bills from the GOP-led House and changing
the way they are selling themselves in reelection campaigns. [ OPINION:
Words can only do so much (Washington Post) [ Especially when they’re belied by misguided actions … . Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones | Hamid Gul, former ISI chief, talks about
NATO firing on Pakistani troops and the prospect of WWIII. Ludicrous Bin Laden “Porno” Claim Harks Back To CIA
Fakery Watson
| Spooks admitted creating hoax videotapes of Osama talking about having sex
with boys. [ Yeah! This is becoming preposterous and it’s quite amazing that
anyone’s believing anything they say. Next thing you know, they’ll be saying
beyond the porn stash, Bin Laden was a closet Christian. Osama
bin Laden: A dead nemesis perpetuated by the US government ... May
1, 2011 ... U.S. intelligence is that bin
Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11,
JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Editorial:
Bin Laden raid no vindication of torture (WP)
[I can only wonder what the presence of substantially underrated President
General Eisenhower would have meant, and truly believe this entire debacle and
the nation’s decline would have been avoided.
“All
In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His
Remarkable And Unique Warnings Given For Naught” Financialization
and Our Increasingly Unstable Economy Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
10 Facts That Prove The Bin Laden Fable Is a Contrived Hoax Paul
Watson | Every indication clearly points to last Sunday’s raid being a
manufactured ploy to return Americans to a state of post-9/11 intellectual
castration.
Deja Vu - Will the End of QE Lead to 20% Correction? ‘The stock market updates investors on a
need-to-know basis. Obviously, Mr. Market feels that all we need to know is
available on a real time bases ... no matter how much we want to peek into the
future.
One heavily
debated question is how the withdrawal of QE2 cash will affect stocks.
Here we will
examine two schools of thought. One is plain vanilla, straight to the point,
and requires no fantasy or analytical ability. It's so deceptively simple it
might just be right.
The second
viewpoint is more like a rocky road mocha almond fudge kind of approach that
includes whipped cream and considers various variables.
Plain
Vanilla Approach
The plain
vanilla approach simply asks:
1) What was
QE2 supposed to do?
2) What did
QE2 accomplish?
3) What happened
when the last round of QE stopped?
1) What was
QE2 supposed to do? Ben Bernanke's goal was to create a wealth ripple effect by
artificially inflating stock prices.
2) What did
QE2 do? The stock market rallied. In addition to playing the yield curve, big
banks (NYSEArca: KBE - News) and financial conglomerates (NYSEArca: XLF - News) were given the license to 'invest' free
money uninhibited and indiscriminately.
Look at large
cap (NYSEArca: IWB - News), mid cap (NYSEArca: MDY - News) and small cap (NYSEArca: IJR - News) stocks. They are all up.
Look at the
nine main S&P industry sectors: Consumer discretionary (NYSEArca: XLY - News), consumer staples (NYSEArca: XLP - News), technology (NYSEArca: XLK - News), industrials , materials, utilities,
health care and energy. All sectors, whether cyclically sensitive or not, are
up.
Ironically,
the only sector missing in the line up of this year's success story is ...
financials. Yes, the sector that's been gorging on free money is in the red.
What does the market know that we don't? We shall soon find out.
3) What
happened when the last round of QE stopped? QE1 came to its conclusion in April
2010. From April to June 2010 the main U.S. indexes a la Dow Jones (DJI: ^DJI),
S&P (SNP: ^GSPC), and Nasdaq (Nasdaq: ^IXIC) lost around 20% until Mr.
Bernanke carefully planted the seed of QE2 hope.
Rocky
Road Mocha Almond Fudge Approach
As the name
implies, compared to plain vanilla, this approach considers more variables to
come up with an educated, but not overanalyzed, conclusion.
Like water in
a bathtub floats all the rubber ducks, QE2 has floated all the stocks.
The key
question is where will cash come from when the QE2 spigot is turned off?
The most recent
data from the Investment Company Institute shows that mutual fund cash levels
are at 3.4%. This is an all-time low. What does this mean? If you plot mutual
fund cash levels against the S&P you will see that cash levels were at
multi-decade lows at the 2000 and 2007 peaks and at a multi-year high during
the March 2009 low.
Mutual fund
managers as a group, follow the crowd like most everyone else. It's therefore
best to take their actions as a contrarian indicator. From a supply/demand
perspective this makes sense too. If mutual fund managers are already invested
near the max, they don't have much money left to drive stocks up further
(detailed analysis featured in the ETF Profit Strategy Newsletter).
Another way to
calculate 'investable cash' is to look at margin debt and available cash. The
NYSE publishes data of margin debt and free cash of member brokerage firms.
Based on this data, 'investable cash' is at the lowest level since the 2000 and
2007 peak (detailed analysis of mutual fund assets and 'investable cash' is
featured in the ETF Profit Strategy Newsletter).
The conclusion
to the cash flow question seems simple and logical. There is very limited new
cash left to lift the 'rubber ducks' once QE2 has run its course …’
Top 3 Reasons Markets were Down After Europe Debt Woes Continue
Euro Debt Dumping Pushes VIX to This Scary Level
Drowning
in Debt Nyaradi ‘Debt, debt and more debt flared into global financial
crises last week as central banks from Greece, to Spain and the United States
grappled with the imperiled finances of sinking nation states. Sovereign debt,
along with bearish technical and fundamental indicators, makes this a
treacherous moment for stock market investors both at home and abroad.
On My
Investing Radar
The NYSE
Bullish Percent Index is one of the major charts I watch for long term trends
in ETFs and the U.S. stock market and the NYSEBP turned bearish this week which
is yet another warning flag going forward into the “sell in May” and go away
period. Click to enlarge:
http://static.seekingalpha.com/uploads/2011/5/23/saupload_bpny052211_300x261.png
Chart courtesy of stockcharts.com
The NYSE
Bullish Percent Index measures the percent of all NYSE stocks on a point and
figure buy signal, and this index switched to “bear confirmed” as of May 20,
2011 which indicates a significant change of tone for the broad U.S. stock
market.
http://static.seekingalpha.com/uploads/2011/5/23/saupload_spx052211_300x300.png
Chart courtesy of stockcharts.com
This
traditional chart of the S&P 500 (SPY)
shows the index below its 20 Day Moving Average, which now becomes resistance,
and above its 50 Day Moving Average which represents major support. A break
below the 1325 level on the S&P 500 would represent a serious breakdown and
make steeper declines a more likely possibility ahead for ETFs across all asset
classes.
The View From
35,000 Feet for Global Stock Markets
Sovereign debt was the issue of the week as countries
around the world struggle with what increasingly look like unsustainable debt
loads.
Greece: The problem child of Europe continued causing problems this week with
Fitch cutting their ratings and putting the country on negative outlook while
their Prime Minister says there’s no way they will need to restructure their
debt. But more and more it’s becoming obvious that at least a “soft
reprofiling” might be on the way and the market anticipates problems ahead with
the 10 Year Bond yield hitting new highs last week.
The big problem here is that a number of big European
banks are on the hook for Greek debt and some fear that default could trigger a
significant banking crisis/collapse in Europe.
Portugal: The IMF approved a $36 Billion bailout for Portugal to give it some
“breathing room” to deal with its economic problems.
Italy: S&P lowered Italy’s outlook to negative.
Spain: This “too big to fail” country was wracked with demonstrations this
week in defiance of a nationwide ban as mostly young people protested a
national unemployment rate of approximately 20% that reaches as high as nearly
50% among youth in their teens and early twenties. The Socialists are forecast
to take heavy losses in this weekend’s elections and several articles in the
general media pointed to the possibility of piles of “hidden debt” being
uncovered in the provinces after the elections, as some reports indicate that
debt has been kept off the official books to make things seem better than they
are.
United States: The Treasury Department continues to take “extraordinary”
measures to keep the U.S. afloat as it has maxed out its credit card of $14.3
Trillion. D-Day for a debt limit increase is August 2nd when the country would
need to borrow again or default. Vice President Biden is leading talks about
cuts and tax increases but Republicans and Democrats appear to be trillions of
dollars apart as the clock ticks on.
Weekly Economic
and Financial Developments:
As I reported in one of my mid-week updates the news
was mostly bad:
- Japan has reentered recession, its economy
plunging for the First Quarter at a -3.7% annualized rate, twice as deeply
as expected.
- May Empire Manufacturing Index: 11.9 vs 21.7
previously
- April Housing Starts: 523,000 versus 585,000
previously
- April Building Permits: 551,000 versus 574,000 previously
- April Industrial Production: 0.0% versus 0.7%
previously
- April Existing Home Sales: 5.05 million versus
5.09 previously, a -13% year over year decline
- May Philadelphia Fed: 3.9 versus 18.5
previously, down from 43 just two months ago which was the highest reading
since 1984.
- April Leading Indicators: -0.3 versus -0.7, the
first decline since last June
The only glimmer of positive data was in Initial
Unemployment Claims which declined to 409,000 versus 438,000 last week, but
still above the psychologically and statistically significant 400,000 level.
What This All
Means To You, the ETF or Stock Market Investor
What this means to us is that risk in the U.S. stock
market is running high and the chance of a significant correction is relatively
high.
At Wall Street Sector Selector, we continue to expect
lower prices ahead in global stock markets and maintain our inverse ETF and put
option positions.
The Investing Week Ahead
Major Economic and Financial Issues/Themes
Lots of important economic reports will come our way
this week and be potential market movers. We’ll get news from the beleaguered
housing market and on Thursday we’ll see the second estimate of the all
important Q1 GDP.
Tuesday: April New Home Sales
Wednesday: April Durable Goods
Thursday: Initial Unemployment Claims, Continuing
Claims, Q1 GDP second estimate
Friday: April Personal Income, April Personal
Spending, March Pending Home Sales …’
All
Three Major Indices Back Below 50-Day Moving Averages
-
Weekly Market Outlook: Actual Employment Numbers Are Weak Headley ‘For the third week in a row, stocks lost ground. It wasn’t a big
loss (only about a third of a percent), but after three straight weeks of them,
questions have to be asked. We’ll ask them all below, right after we take a
bigger-picture look at recent and upcoming economic data.
Economic
Calendar
Last week was
a big one on the real estate front, but not a good one. Starts fell from 585K
to 523K, and permits fell from 5574K to 551K; both were well short of
expectations. Existing home sales also fell, from 5.09 million to 5.05
million…. well beneath the forecasted rate of 5.23 million.
Factories,
however, appeared to remain busy. Capacity utilization stands at 76.9% as of
the end of last month, which is just a tad under the prior month’s 77.0%.
Industrial production growth was flat last month, but the productivity index
(not cited on the calendar below, but plotted on our chart) is still hovering
at multi-year highs. Though no ‘growth’ is evident, just maintaining output
levels can still led to the stability needed to foster broad economic growth.
Take a look (click charts to expand):
Capacity
Utilization and Industrial Productivity Index
http://static.seekingalpha.com/uploads/2011/5/23/saupload_052211_capacity_productivity.png
On the
joblessness front, we’re seeing what appears to be tepid improvement, via a
diminishing number of new and continuing unemployment claims. The former fell
from 438K to 409K last week, while the latter fell from 3.792 million to 3.711
million.
That said,
there’s an employment number you rarely (if ever) hear… the actual number of
working Americans. That number isn’t getting better. As of the end of April,
139.6 million U.S. workers are actually employed. That’s about the same number
of employed workers we saw in the middle of 2009, and the improvement since the
middle of last year has almost been immeasurable. How can this happen while
claims figures are dropping? Simple – those claims figures don’t include the
unemployed who have (1) seen their benefits expire, (2) have stopped filing
claims, and (3) are employed, but underemployed.
Take a look at
the chart of the actual number of working Americans:
Employed
U.S. Workers
http://static.seekingalpha.com/uploads/2011/5/23/saupload_052211_employed.png
And as always,
the economic details for the prior and coming week:
Economic
Calendar
http://static.seekingalpha.com/uploads/2011/5/23/saupload_052211_econ_data.png
The coming
week will be relatively busy, but not everything is hard-hitting. Here are the
biggies to watch out for.
- Tuesday: The real estate picture ill be rounded
out with new homes sales levels for April. Look for an annualized rate of
300K per year.
- Wednesday: More real estate data… the FHFA
Housing Price Index, which is a broad barometer for all home value
changes.
- Thursday: New and ingoing unemployment claims,
as usual. Look for slight drops for both.
- Friday: How sick or healthy is the consumer?
Changes in income levels and spending levels will tell the tale. Income is
expected to be up 0.4%, and right back to our old ‘spend more than we
make’ ways, consumer spending is expected to have increased by 0.5% for
April.
- Friday: Pending home sales put the final touches
on the most recent real estate update; the pros are expecting a 1.8% dip
for March.
S&P 500 Index
All told, the S&P 500 (SPX) (SPY)
gave up 4.5 point (-0.33%) last week to end Friday’s session at 1333.27. Had it
not been for Friday’s 10.3% loss though, the market would have ended the week
with a gain….. not that Friday’s something we can just delete from the
scoreboard.
As for what’s next though, that’s a little less
clear, but there are only a couple of likely paths.
Just for the record, if Friday’s dip really is the
current direction of things and we’re pointed lower – as it appears we are –
then the SPX has just made its second lower highs after making a second lower
low (framed by pink lines). Ergo, a downtrend is in place…that’s undeniable.
The question is where it might stop falling, and reverse.
While it’s not happened yet, a floor that could do
the trick is immediately below - the 50-day moving average line (purple) at
1326. Just a tad under that level is the 100-day line (gray), at 1313. If
either or both of those lines fail to stop the bleeding, odds are good the
S&P 500 will be paying a visit to the lower 50-day Bollinger band at 1278.
What happens after that is anyone’s guess.
The other possibility here is a bullish one,
beginning with a break back above that upper purple/resistance line, which by
default would coincide with a move back above the 20-day moving average line
(blue). If that happens, then the upper Bollinger band at 1372 becomes the new
target.
In the meantime we’re in limbo, although we have to
acknowledge the bears are currently in control. As such, we have to give the
greater odds to the bears right now (though we wouldn’t be digging in too deep
on either side of the fence).
Notice how the heavier volume days were all
pullbacks, while the two rallies – Wednesday and Thursday – were on light
volume.
SPX & VIX Daily HC
http://static.seekingalpha.com/uploads/2011/5/23/saupload_052211_sp500_daily.png
What about the CBOE Volatility Index (VIX) (VXX) (VXZ) in all this?
Remember, last week was expiration week, which can skew the VIX and make it
somewhat misleading. Or in this case, the VIX was oddly unscrewed (it closed on
Friday about where it closed the prior week). That containment, however, is
still a form of skew. We want to see how it starts to move in Monday and
Tuesday before coming to any conclusions.
In the bigger picture though, the VIX is still
uncomfortably low, meaning confidence/complacency is dangerously high; these
bulls will need some sort of attitude adjustment sooner than later. A couple of
closes above the VIX’s 50-day average line at 18.0 will start that process.
Since we usually add it, we’ll once again insert a
weekly chart of the S&P 500 to out the daily one in perspective. What’s
becoming clearer here is that the broad bullishness is losing momentum, and the
bears keep testing that 100-day line.
SPX & VIX Weekly Chart
http://static.seekingalpha.com/uploads/2011/5/23/saupload_052211_sp500_weekly.png
Sector Performance
Things were shaken and stirred last week on the
sector front. Healthcare (XLV) is still out in front, but
Telecom (XTL) is quietly sneaking up, a complete
turnaround from telecom’s dismal performance through most of last year.
At the bearish end of the spectrum, Financials (XLF) have officially gone from bad
to worse. Notice, however, that there were few places to hide last week.
Sector Performance, since March 16th
http://static.seekingalpha.com/uploads/2011/5/23/saupload_052211_sector_performance.png ‘
Harold
Camping: the heart of the doomsday frenzy
(Los Angeles Times)
The last-minute
rapture reading list (Los Angeles Times) [Drudgereport: Preacher made same prediction
in 1994... Doomsday church thriving,
worth $72 million... [Previous: ‘End
of Days’ message rolls into D.C.
(Washington Post) The
potentially rotten news that the world will end on May 21 arrived plastered on
a caravan of RVs. [ Gee … little premature … you know, that 2012, end of Mayan
calendar, Nostradamus thing … I previously weighed in / wrote: Why
do Americans still dislike atheists? (Washington Post) [ And
not just americans … Why? First and foremost because there is a God. Second, it
is intellectually dishonest to be an atheist. Specifically, there is absolutely
no evidence to dispute the existence of God. While one might similarly argue
that there is no evidence to suggest there is a God (which I would dispute),
which for most is a fair statement, the same would yield at best, if
intellectually honest, the position of ‘agnostic’. I can totally understand and
even empathize with the view of the agnostic. After all, at this point, there
seems to be ‘no rhyme nor reason’ at all. But, think binary, positives /
negatives. Just too many negatives. Think ‘capital punishment’. No, the world’s
not going to end in 2012 as some fear. Rather, think slow burn; decades at
best; then ‘poof’. In the scheme of things, this world’s just not that
important (apes, notochordates, and
initially single celled organisms).
LinkedIn:
Getting it while the getting is good (Los Angeles Times) Column: The firm's hot IPO should make the
Fed happy as it tries to get money moving in the economy. But what happens when
the latest stimulus program ends? [ Hot
IPO? More like ‘Twilight Zone’ time and Dave thinks so as well … In reminder of '90s, LinkedIn has big first day (AP) -
There was an unmistakable echo of the dot-com boom Thursday on Wall Street. Rod Serling Now Linked-In : Dave's Daily ‘It definitely remains a really strange market. Fed
Governor Fisher summed things up nicely Thursday stating: "We've gone from
too little liquidity to too much." He's definitely off the main Fed
talking points but a little honesty explains the "more money than
brains" market. The LinkedIn(LNKD_) IPO
typifies this Thursday. You may not be aware of it but word on the street is
only ten institutions were privileged to obtain freshly issued shares. I wonder
who was favored with this gift; care to guess? You couldn't get a collection of
bad economic news much worse than what appeared today. While Jobless Claims
were marginally lower given previous adjustments, the moving average of
claims reached six-month highs; Home Sales were down...again; the Philly Fed
reading came in at 3.9 vs 18 expected; and Leading Indicators were lower 0.3 vs
flat expectations. These were dreadful but bulls brushed them off hoping for
more POMO
and extended ZIRP. Perhaps the stupid people are the ones
not playing ball, given rising markets on this lousy economic news. LinkedIn
should remind everyone of dotcom experiences but it's really about too much
liquidity. Commodity prices were generally lower with economic data while the
dollar was weaker and so too were base and precious metals. Bonds were flat
overall…’ ]
Obama
praises CIA’s role in bin Laden killing
(Washington Post) [ Kinda like
that gay sex and crack cocaine use by wobama (the
cia’s into that cocaine business in a very big way) with Larry Sinclair (from
Sinclair’s affidavit); their mutual lovefest … they (cia/wobama) just ‘can’t
get enough of each other these days’ …
all that stroking … and as with most such ‘group therapies’, such mutual
support though contraindicated in terms of reality, has become all too
cloyingly, disingenuously regular, however ineffective …
nobody’s buying their b***s*** anymore … OPINION:
Words can only do so much (Washington Post) [ Especially when they’re belied by misguided actions … . Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones | Hamid Gul, former ISI chief, talks about
NATO firing on Pakistani troops and the prospect of WWIII. Ludicrous Bin Laden “Porno” Claim Harks Back To CIA
Fakery Watson
| Spooks admitted creating hoax videotapes of Osama talking about having sex
with boys. [ Yeah! This is becoming preposterous and it’s quite amazing that
anyone’s believing anything they say. Next thing you know, they’ll be saying
beyond the porn stash, Bin Laden was a closet Christian. Osama
bin Laden: A dead nemesis perpetuated by the US government ... May
1, 2011 ... U.S. intelligence is that bin
Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11,
JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion “All
In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His
Remarkable And Unique Warnings Given For Naught” Financialization
and Our Increasingly Unstable Economy Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Harold
Camping: the heart of the doomsday frenzy
(Los Angeles Times)
The last-minute
rapture reading list (Los Angeles Times)
Signs
of the apocalypse Quinn:
It’s not the end of the world Petri:
Harold Camping’s actual calculations (Washington Post) [ Drudgereport: Preacher
made same prediction in 1994... Doomsday
church thriving, worth $72 million... [Previous: ‘End
of Days’ message rolls into D.C.
(Washington Post) The
potentially rotten news that the world will end on May 21 arrived plastered on
a caravan of RVs. [ Gee … little premature … you know, that 2012, end of Mayan
calendar, Nostradamus thing … I previously weighed in / wrote: Why
do Americans still dislike atheists? (Washington Post) [ And
not just americans … Why? First and foremost because there is a God. Second, it
is intellectually dishonest to be an atheist. Specifically, there is absolutely
no evidence to dispute the existence of God. While one might similarly argue
that there is no evidence to suggest there is a God (which I would dispute),
which for most is a fair statement, the same would yield at best, if
intellectually honest, the position of ‘agnostic’. I can totally understand and
even empathize with the view of the agnostic. After all, at this point, there
seems to be ‘no rhyme nor reason’ at all. But, think binary, positives /
negatives. Just too many negatives. Think ‘capital punishment’. No, the world’s
not going to end in 2012 as some fear. Rather, think slow burn; decades at
best; then ‘poof’. In the scheme of things, this world’s just not that
important (apes, notochordates, and
initially single celled organisms). Kind of akin to what I
previously wrote: (God doesn’t care that you wrestle a girl who wants to
wrestle!) Boy
wrestler forfeits match to female opponent... [ What a homo! Wow! I
feel sorry for those guys she actually beat (20 of them – her record was 20 and
13) … they’ll probably never get over it … nor should they … I have to rethink
my regard for Iowa, Iowa state wrestling now presuming such stalwart
championship teams to be the products of out-of-state imports … as for the guy
who forfeited, he could have easily and gently taken her down (you can easily
do that with a lesser opponent), got her in a double grapevine and grind her in
a certain way into the mat, and when she was in the throws of convulsive
orgasm, she’d unwittingly arch her back, thereby pressing her own shoulder
blades to the mat, thereby pinning herself, thus enabling the homo to say in a
manner of speaking that he was making heterosexual love not war with her ………
how pathetic and preposterous this was … and, let me remind the homo that God
doesn’t care that you wrestle a girl who wants to wrestle! ]
Senate
Dems find themselves in a tough spot (Washington Post) [ Tough spot? Like
Iraq and a hard place … called Afghanistan … indeed they are … in a tough spot
… of their own making … by a wobama prevaricating approach to most all things
despite campaign promise that belie their actions, or lack thereof. ] Democrats
who control the Senate are blocking bills from the GOP-led House and changing
the way they are selling themselves in reelection campaigns. [ OPINION:
Words can only do so much (Washington Post) [ Especially when they’re belied by misguided actions … . Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones | Hamid Gul, former ISI chief, talks about
NATO firing on Pakistani troops and the prospect of WWIII. Ludicrous Bin Laden “Porno” Claim Harks Back To CIA Fakery
Watson |
Spooks admitted creating hoax videotapes of Osama talking about having sex with
boys. [ Yeah! This is becoming preposterous and it’s quite amazing that
anyone’s believing anything they say. Next thing you know, they’ll be saying
beyond the porn stash, Bin Laden was a closet Christian. Osama
bin Laden: A dead nemesis perpetuated by the US government ... May
1, 2011 ... U.S. intelligence is that bin
Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11,
JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Editorial:
Bin Laden raid no vindication of torture (WP)
[I can only wonder what the presence of substantially underrated President
General Eisenhower would have meant, and truly believe this entire debacle and
the nation’s decline would have been avoided.
“All
In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His
Remarkable And Unique Warnings Given For Naught” Financialization
and Our Increasingly Unstable Economy Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
How
the U.S could lose its credit rating
(Washington Post) [ Kinda’ like how the west was won, then lost … but,
Davis knows: Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ …
A
taste of Navy SEAL training (Washington Post) The Extreme SEAL Experience
gives participants a hint of what it takes to become one of the Navy’s elite. [
How ‘bout more than just a taste of serious math / economics training … you
know, the kind that in real terms determines whether such can / should even
exist. After all, the nation is defacto bankrupt … Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING
FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ …
Corsi:
Trump Conspired With Obama To Neutralize Birther Controversy As he prepares
to release shocking new evidence and name the people who he claims were behind
the forgery of Barack Obama’s long form birth certificate, author Jerome Corsi
sensationally accused short-lived Republican presidential candidate Donald
Trump of “working with Obama” to neutralize the birther controversy.
New
Documentary Exclusively For Prison Planet.tv Subscribers: College Conspiracy College Conspiracy is the most comprehensive
documentary ever produced about higher education in the U.S. The film exposes
the facts and truth about America’s college education system. College
Conspiracy is just one of numerous videos that Prison Planet.tv members will
receive access to this week as we announce a bumper rollout of exclusive new
multimedia titles. ‘… The real unemployment
rate in America is now 22% and 60% of college graduates who are lucky enough to
find a job, are receiving low skilled jobs where a college degree isn’t even
required. In fact, 70% of high school graduates who didn’t go to college, were
able to get these very same jobs as the average college graduate. The main
difference is, by the time Americans who went to college get their degree,
those who went straight into the work force after high school will already have
4 to 6 years of valuable workplace experience. Instead of having $24,000 in
debt, these experienced Americans will be working their way up to a higher paid
position or a better job at a different company. All across America, colleges
are deceiving prospective students with misleading and often fraudulent tactics
and statistics. The fact is, law schools are handing out 43,000 law degrees
each year, when there are 15,000 less attorney and legal staff jobs in the U.S.
than three years ago. Many law schools are advertising a 90% job placement rate
within one year of graduating. However, weeks before job placement surveys are
conducted, some law schools will hire unemployed graduates to work in their
admissions department. They are let go as soon as these surveys are completed,
but count as being part of the 90% employed …’
Washington
State National Guard Secret Deployment Where the National Guard soldiers
might go . . . is a bit of a mystery.
Kan
denies ordering TEPCO to stop seawater injection at reactor Prime Minister
Naoto Kan on Monday denied having instructed Tokyo Electric Power Co to stop
injecting seawater into the troubled No. 1 reactor at the Fukushima Daiichi
nuclear power plant, brushing aside criticism that an alleged suspension order
from him may have worsened the situation.
Mumbai
terror attack: US trial puts Pakistan spy agency in the dock Allegations
that Pakistan’s intelligence service was involved in the Mumbai terror attacks
will be scrutinised in an American court case starting on Monday when the man who
helped plan the 2008 strikes testifies against his alleged accomplice.
Jerome
Corsi: Criminal Fraud Committed By White House To Keep Obama In Office;
Challenges Mainstream Media & Bill O’Reilly WND’s Dr. Jerome Corsi
challenges the mainstream media and Fox News’ Bill O’Reilly. The White House
committed criminal fraud to keep Obama AKA Soetoro AKA Soebarkah in office. The
interview was on WABC Radio and aired on 5/22/11.
Donald
Rumsfeld confronted on Aspartame and Iraq War WAC Chicago
| Rumsfeld hold responsibility for the destruction of Iraq and the poisoning of
the American food supply.
US drone strike
kills 7 in Pakistan A Non-UN-sanctioned US drone attack has killed at least
seven people and wounded several others in Pakistan’s northwestern tribal
region, officials say.
Drudgereport: USA HITS DEBT CEILING...
TREASURY RAIDS PENSIONS...
PUTIN DECIDES TO RETAKE
PRESIDENCY
60 DAYS: GOP senators press
Obama on war powers...
Pile of American debt --
would stretch beyond stratosphere!
Gold, silver coins to be
legal currency in Utah...
TORNADO SWARMS DEADLIEST IN
MORE THAN HALF CENTURY
HEARTLAND
DEVASTATION...
116 dead, nearly 500 twister
deaths this year...
VIDEO... PHOTOS...
AUDIO TERROR: 'I LOVE YOU
ALL'...
'I'm alive!' text message
saves man's life...
1,500 rescuers work through
pouring rain...
Threats of more to
come...
Looting in Minneapolis...
State Treasurer Warns Bond
Houses Against Further Loans to Illinois...
NYT: 'Is Anti-White Bias a
Problem?' … In what some have called the new
post-racial era, what constitutes discrimination is shifting. The landmark
Supreme Court case, Ricci
v. DeStefano, for example, ruled that white firefighters suffered
discrimination when their employer threw out a promotional exam because none of
the African-American firefighters who took the test qualified for promotion …’
SUPREME COURT ORDERS CA TO
RELEASE UP TO 46,000 PRISONERS...
'Terrible things
are sure to happen'...
JERRY BROWN: 'Let's raise
taxes!!!'
Economic
Data Dismal This Week as Corporate Earnings (on currency manipulation, dollar
debasement) Carry Markets WallStCheatSheet / Nyardi Like
Putting Lipstick on a Pig ‘As the old saying goes, “You can put lipstick on
a pig but it’s still a pig,” and this week’s economic and financial data for
the U.S. economy have been truly swine-like. Here are the “boarish” details
regarding global stock markets and ETFs:
·
Japan (NYSE:EWJ) has reentered recession, its economy plunging for
the First Quarter at a -3.7% annualized rate, twice as deeply as expected.
·
May Empire
Manufacturing Index: 11.9 versus 21.7 previously
·
April Housing
Starts: 523,000 versus 585,000 previously
·
April Building
Permits: 551,000 versus 574,000 previously
·
April Industrial
Production: 0.0% versus 0.7% previously
·
April Existing Home
Sales: 5.05 million versus 5.09 previously, a -13% year over year decline
·
May Philadelphia
Fed: 3.9 versus 18.5 previously, down from 43 just two months ago which was the
highest reading since 1984.
·
April Leading
Indicators: -0.3 versus -0.7, the first decline since last June
The only
glimmer of positive data was in Initial Unemployment Claims which declined to
409,000 versus 438,000 last week, but still above the psychologically and
statistically significant 400,000 level.
Bad…bad….bad…..it has definitely been a “Miss Piggy” kind of week as,
overall, the economic numbers have been a debacle, particularly the Philly Fed
which came in at 3.9 compared to a consensus 20.5 and last month’s 18.5.
Small wonder
they call economics the “dismal science.”
At Wall
Street Sector Selector, we continue to expect lower prices ahead in global
stock markets and maintain our inverse ETF and put option positions…’
Jobless
rate up in D.C., dips in Md., Va. The rate fell in more than three-quarters
of the nation’s states. (Washington Post) [ Jobless rate? With or without the
‘stopped looking’ fudge factor. I don’t buy any of it!
7
Reasons a Major Stock Market Correction Is Imminent Furman ‘The recent 2.5% pullback in the
S&P 500 (SPY) may just be a blip during a year
bullish analysts predict the index will finish above 1500. Brief and minor
sell-offs have indeed been the market's only hurdles since QE1 began in March
2009 -- the lone exception being early summer 2010, between QE1 and QE2. On the
other hand, here are seven reasons U.S. indicies could lose 20% or more in the
next two months.
·
CONCLUSION OF QE2.
Marc Faber, Austrian economist and leading market forecaster, aptly likens
fiscal policy to narcotics abuse: Always destructive in the end, though it may
have social benefits early on. Over time, however, that benefit requires more
and more of the "good" stuff. Americans are no longer net savers and
depend, along with every corporation that uses credit or relies on consumer spending,
on government jobs and welfare more so than ever before. QE1 supported
investment until it was finished. A sell off post-QE2 will be preempted by
investors large and small, which may explain recent trading sessions closing in
the red.
·
COMMODITIES LEADING
DOWN. Commodities markets are smaller and less subject to speculation than
stock markets, which is why experienced investors refer to them as leading
markets. Oil, silver, sugar, copper and other staples for both consumers and
producers have fallen severely in price of late. The selling may still be
escalating.
·
UNCLE BUCK IS BACK.
Currency markets are also referred to as leaders to stocks. Trading volume is
huge, but more driven by governments and billionaires than pension plans and
gamblers. The first few weeks of May have witnessed a long-unseen affinity for
the U.S. dollar, which has gained 2-5% versus most currencies. This may signal
the beginning of a flight to safety.
·
LEADING STOCKS
LOOKING UGLY. From economic bellwethers such as Bank of America (BAC)
and KB Homes (KBH)
to highly profitable market-changers like Apple (AAPL) and
OpenTable (OPEN),
downward moves have been drastic. Companies like these are growth-drivers of
the economy.
·
DEFENSIVE STOCKS
OUTPERFORMING. The best performers lately include utility companies American
Water Works (AWK) and Consolidated Edison (ED),
consumer staples companies Procter & Gamble (PG)
and General Electric (GE), and pharmaceutical conglomerate
Pfizer (PFE).
Outperformance by stocks that operate low-risk, low-growth businesses indicates
defensiveness by investors or an apparent lack of value elsewhere in the
market.
·
GLOBAL GROWTH
STIFLED. In 2009 and 2010, bullish arguments were largely focused on a
"good enough" United States and an emerging market boom. With Middle
Eastern sociopolitical turmoil taking center stage in that region, Japan in shambles,
Europe using Scotch tape to fix budgets, and inflation crippling economies
worldwide, from where is growth to come?
·
NO BOTTOM IN SIGHT
FOR U.S. HOUSING. It is one of the largest asset markets, and one that affects
everyone, in the world's largest economy. Still, even buyer incentives and
suppressed interest rates haven't stopped prices from sliding. A growing
population and falling housing prices are basic and clear signs of economic
recession.
Investors looking to hedge portfolios or even flip
net-short have endless choices thanks to inverse and leveraged ETFs, as well as
the opportunity to short individual stocks directly or via options. Betting on
increased volatility via VXX will also yield
profits if markets sell off. Leveraged ETFs inherently lose value over time and
are best for day-traders looking for highly-liquid, diversified ways to capture
quick moves.
Directly selling a stock or ETF short allows for less
potential upside than a leveraged play, but in doing so you avoid paying a time
premium. My preferred method is to short indexes via put options. During
significant sell offs, stocks generally fall in unison, while diversified ETFs
garner lower options premiums than more volatile individual stocks. Technology
(QQQ),
homebuilders (XHB), retail (XRT)
and financial (XLF) sector ETFs as well as
broader ones (SPY) offer appealing prices on the massive leverage that comes
with options.’
Minyanville's T3 Weekly Recap: Stocks Sell Off Into Options
Expiration, Judgement Day* [
Riiiiight! ‘Judgement Day’ – Certainly been so for the ‘Terminator’ or former
‘Governator’ … Wow! Or should we say, Bow Wow! I mean, what a dog … You just
can’t take former male model schwarzenegger any place … what a failed, gutless
wonder and fraud (that commutation) he turned out to be! … Speaking of
judgement days, raptures, previously I wrote: ‘End
of Days’ message rolls into D.C.
(Washington Post) The
potentially rotten news that the world will end on May 21 arrived plastered on
a caravan of RVs. [ Gee … little premature … you know, that 2012, end of Mayan
calendar, Nostradamus thing … I previously weighed in / wrote: Why
do Americans still dislike atheists? (Washington Post) [ And
not just americans … Why? First and foremost because there is a God. Second, it
is intellectually dishonest to be an atheist. Specifically, there is absolutely
no evidence to dispute the existence of God. While one might similarly argue
that there is no evidence to suggest there is a God (which I would dispute),
which for most is a fair statement, the same would yield at best, if
intellectually honest, the position of ‘agnostic’. I can totally understand and
even empathize with the view of the agnostic. After all, at this point, there
seems to be ‘no rhyme nor reason’ at all. But, think binary, positives /
negatives. Just too many negatives. Think ‘capital punishment’. No, the world’s
not going to end in 2012 as some fear. Rather, think slow burn; decades at
best; then ‘poof’. In the scheme of things, this world’s just not that
important (apes,
notochordates, and initially single celled organisms). Kind of
akin to what I previously wrote: (God doesn’t care that you wrestle a girl who wants to
wrestle!) Boy
wrestler forfeits match to female opponent... [ What a homo! Wow! I
feel sorry for those guys she actually beat (20 of them – her record was 20 and
13) … they’ll probably never get over it … nor should they … I have to rethink
my regard for Iowa, Iowa state wrestling now presuming such stalwart championship
teams to be the products of out-of-state imports … as for the guy who
forfeited, he could have easily and gently taken her down (you can easily do
that with a lesser opponent), got her in a double grapevine and grind her in a
certain way into the mat, and when she was in the throws of convulsive orgasm,
she’d unwittingly arch her back, thereby pressing her own shoulder blades to
the mat, thereby pinning herself, thus enabling the homo to say in a manner of
speaking that he was making heterosexual love not war with her ……… how pathetic
and preposterous this was … and, let me remind the homo that God doesn’t care
that you wrestle a girl who wants to wrestle! ]
This is an especially great opportunity to sell / take profits
while you still can since there's much worse to come! Remember: ‘Sell in May
and go away! ‘ … El-Erian:
“Financial Repression” In the Form of a Negative Real Rate of Return for Savers
Is Coming to America Pimco co-chair El-Erian is saying that the major flaws
in the financial system will not be addressed, the government will keep on
printing money, and that the inflation-adjusted return on investments for most
Americans will be negative. Stock
Market: 4 Current Warning Signs
Navin ‘…
1) The 5-year
high in the level of insider corporate stock sales is telling. At 565 sells for
every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be
selling some of their stocks so they can buy new yachts and some of this is
pre-planned. But that ratio — which has spiked recently — is extraordinarily
high, one might even say off-the-chart.
2) Professor
Shiller at Yale figures that the
present price-to-earnings ratio for the Standard & Poor’s 500 is in the
area of 26. The historical average is about 16.
3) The failure
of the financial sector to keep up is a significant negative divergence for the
entire market.
4) Key market
leaders are rolling over in price... ‘
Market's
Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a
secular bear market since 2000 and our Secular
Trend Score (STS) indicates that we remain in the middle stage of its
development (click to enlarge images):
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png
This is an especially great opportunity to sell / take profits
while you still can since there's much worse to come! Remember: ‘Sell in May
and go away! …
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog | It’s now mainstream news that none of the big financial
criminals have been prosecuted. This
is the grim economic
reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic
performance of the past ten years, equity valuations are the 2nd largest bubble
in U.S. history... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been artificially manufactured...
·
The change in
accounting rules for the financial sector by FASB has generated massive “false”
account profits beginning in 2009…’
Treasury
to tap pensions to fund government (WP) 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline’ ] States
face shortfall for retirees (WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come!
Hedge Funds: Paulson, other big hedge funds, down in May
In reminder of '90s, LinkedIn has big first day (AP) - There
was an unmistakable echo of the dot-com boom Thursday on Wall Street. Rod Serling Now Linked-In : Dave's Daily ‘It definitely remains a really strange market. Fed
Governor Fisher summed things up nicely Thursday stating: "We've gone from
too little liquidity to too much." He's definitely off the main Fed
talking points but a little honesty explains the "more money than
brains" market. The LinkedIn(LNKD_) IPO
typifies this Thursday. You may not be aware of it but word on the street is
only ten institutions were privileged to obtain freshly issued shares. I wonder
who was favored with this gift; care to guess? You couldn't get a collection of
bad economic news much worse than what appeared today. While Jobless Claims
were marginally lower given previous adjustments, the moving average of
claims reached six-month highs; Home Sales were down...again; the Philly Fed
reading came in at 3.9 vs 18 expected; and Leading Indicators were lower 0.3 vs
flat expectations. These were dreadful but bulls brushed them off hoping for
more POMO
and extended ZIRP. Perhaps the stupid people are the ones
not playing ball, given rising markets on this lousy economic news. LinkedIn
should remind everyone of dotcom experiences but it's really about too much
liquidity. Commodity prices were generally lower with economic data while the
dollar was weaker and so too were base and precious metals. Bonds were flat overall…’
OPINION:
Words can only do so much (Washington Post) [ Especially when they’re belied by misguided actions … . Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones | Hamid Gul, former ISI chief, talks about
NATO firing on Pakistani troops and the prospect of WWIII. Ludicrous Bin Laden “Porno” Claim Harks Back To CIA
Fakery Watson
| Spooks admitted creating hoax videotapes of Osama talking about having sex
with boys. [ Yeah! This is becoming preposterous and it’s quite amazing that
anyone’s believing anything they say. Next thing you know, they’ll be saying
beyond the porn stash, Bin Laden was a closet Christian. Osama
bin Laden: A dead nemesis perpetuated by the US government ... May
1, 2011 ... U.S. intelligence is that bin
Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11,
JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Editorial:
Bin Laden raid no vindication of torture (WP)
[I can only wonder what the presence of substantially underrated President
General Eisenhower would have meant, and truly believe this entire debacle and
the nation’s decline would have been avoided.
“All
In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His
Remarkable And Unique Warnings Given For Naught” Financialization
and Our Increasingly Unstable Economy Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Japan slips back into
recession Japan's economy shrank
last quarter by almost double the margin economists had expected, as the March
disaster pushed the country back into recession. (LA Times) [I’ve always
thought, and from the beginning (see infra and website) that this disaster was
of greater consequence than reported; after all, as to america, who else
besides china was foolish enough and had cash reserves sufficient to buy
pervasively corrupt, defact bankrupt america’s ever more worthless paper
Chernobyl, 25 years later (Washington Post) Following the nuclear disaster in
Japan, the Chernobyl accident
has a particular importance. Japan declares evacuation zone near nuclear plant
(Washington Post)[ Wow! Sounds like a plan!… From the beginning, as I’ve
written on my website, I’ve thought the catastrophic nature and impact of this
disaster to have been underreported at the least … the Japanese
uncharacteristically have adopted somewhat of a ‘if wishing could make it so’
tact in this sad crisis. Chernobyl,
25 years later (Washington Post)
Following the nuclear disaster in Japan, the Chernobyl accident has a
particular importance. Japan
declares evacuation zone near nuclear plant (Washington Post) [ Wow! Sounds like a plan! … From the
beginning, as I’ve written on my website, I’ve thought the catastrophic nature
and impact of this disaster to have been underreported at the least … the
Japanese uncharacteristically have adopted somewhat of a ‘if wishing could make
it so’ tact in this sad crisis.
Existing-home
sales drop in April Sales fall short of many analysts’ expectations for
this key month of the spring selling season. (WP) [ Come on! Stocks rally on worse than expected bad news to keep the
suckers suckered! This is an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! Remember: ‘Sell in May and go away! LinkedIn
IPO shatters expectations (WP) [ Kind of like the pre-bust dot.com days/preposterous
(all bad news today) that Dave preceded his commentary with a twighlight zone
picture In reminder of '90s, LinkedIn has big first day (AP) an
unmistakable echo of the dot-com boom Thursday on Wall Street. Rod Serling Now Linked-In : Dave's Daily ‘It definitely remains a really strange market. Fed
Governor Fisher summed things up nicely Thursday stating: "We've gone from
too little liquidity to too much." He's definitely off the main Fed
talking points but a little honesty explains the "more money than
brains" market. The LinkedIn(LNKD_) IPO
typifies this Thursday. You may not be aware of it but word on the street is
only ten institutions were privileged to obtain freshly issued shares. I wonder
who was favored with this gift; care to guess? You couldn't get a collection of
bad economic news much worse than what appeared today… While Jobless Claims
were marginally lower given previous adjustments, the moving average of
claims reached six-month highs; Home Sales were down...again; the Philly Fed
reading came in at 3.9 vs 18 expected; and Leading Indicators were lower 0.3 vs
flat expectations. These were dreadful but bulls brushed them off hoping for
more POMO
and extended ZIRP. Perhaps the stupid people are the ones
not playing ball, given rising markets on this lousy economic news. LinkedIn should
remind everyone of dotcom experiences but it's really about too much liquidity.
Commodity prices were generally lower with economic data while the dollar was
weaker and so too were base and precious metals. Bonds were flat
overall…’
Strauss-Kahn
indicted in sexual assault Former IMF chief will be freed on bail but
confined to a New York apartment as he awaits trial on a seven-count indictment
in an alleged attack on a hotel maid. (Washington Post) [ Sinkhole new york will do anything to take
the heat / attention off their fraudulent denisons … Strauss-Kahn
resigns as head of the IMF
(Washington Post) [ So what! Who cares! There is not one head of even
one institution in the world today that deserves to keep their job; from
bernanke at the fed, to the nobel committee that awarded wobama the peace
prize, to geithner at treasury, to looney moony at the u.n., etc.. For jobs
poorly done, they should step down and make way for the generation that’s been
so negatively impacted by their venality, incompetence, corruption, etc… Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the
unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall
street ( and declares with oscar in hand that not one high level wall street
exec has been prosecuted … despite ‘earning’ billions from the fraud ). Stock
Market: 4 Current Warning Signs
Navin ‘…
1) The 5-year
high in the level of insider corporate stock sales is telling. At 565 sells for
every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be
selling some of their stocks so they can buy new yachts and some of this is
pre-planned. But that ratio — which has spiked recently — is extraordinarily
high, one might even say off-the-chart.
Why
Are Investors Fearful? Here are 19 Answers Khaner
5-17-11’
QE II:
U.S. ECONOMY: (bad)
UNEMPLOYMENT: ..(problematic)
U.S. DEBT CEILING:
INVESTOR SENTIMENT:
HOUSING CRISIS:
INFLATION:
SAUDI ARABIA:
STOCK MARKET TECHNICALS:
FLOODS
OIL PRICES:
ARAB SPRING:
LIBYA: ..
JAPAN:
CHINA: ..
RING OF FIRE + SPAIN:
CURRENCIES:
SOVEREIGN DEBT:
COMMODITIES:
.. http://www.minyanville.com/investing/lloyds-wall-of-worry/5/17/2011 ‘ ]
Obama
adopts the Bush Doctrine The May 19
Middle East speech, annotated. (Washington Post) [ Yeah! Two nut cases; two failed presidents. The latest case of U.S.
paranoia (Los Angeles Times) [ Yeah! This really needs to be said;
particularly when you take into account the reality, that while plentiful,
american laws are all but meaningless, arbitrarily enforced at best, and
‘federales’ and their supporters (more commonly called bribes, one way or form
or another) invariably the worst offenders. Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that
both nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise.
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Agents
irked by plan to keep Mueller
(Washington Post) [ ‘abide by ..
tenure limits’ ? I’m more concerned with, and it’s fundamentally more important
from the perspective of the FBI’s ‘mission and purpose’, that meaningful law be
abided by regarding the following:
October 15, 2010 (*see infra)
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of
the Federal False Claims Act probably would apply and I would absent
resolution seek to refer the within to a firm with expertise in that area of
the law with which I am not familiar).
The
document in 5 pages under penalty of perjury I was asked to forward to the FBI
office in New Haven is probably the best and most concise summary of the
case RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm .
With regard to the calls to the FBI’s LA and New Haven, CT offices:
There was one call to the LA office and I was referred to the Long Beach, CA
office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as
indicative of same (he was transferred from said office within approximately a
month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
·
A judgment had been
entered in my favor in the case, United States District Court Case
#3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of
$300,000 remains unaccounted for and which could be used for payment to
creditors, Los Angeles, etc..
·
Counsel Robert
Sullivan on my behalf documented by way of certification upon investigation
that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false
statement he predicated a retaliatory and spurious contempt proceeding against
me causing substantial damage, and for which he sought Judicial Notice of those
and related proceedings as did I in some of my filings.
·
The Order of
Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s
failure to file anything whatsoever by the court’s deadline causing creditors
and me substantial damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page 1 Page 2 ]
·
Defendant Coan had
filed an action against me to prevent me from suing him which necessitated me
to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny,
Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief
as to Coan but precluded my action against Shiff (although there is no
immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a
case under Title 11, USC, etc.) . [ transcript
in pertinent part -
crossexamofcoanbypeia.pdf ]
·
Newly appointed
judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case
despite the conflict of interest in light of hundreds of thousands of dollars
of illegal (drug) money being laundered through the Trump casinos by the RICO
defendants, and despite my motion to recuse her which motion she heard herself
and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to
join or file a separate motion to recuse and not long thereafter left said
office for private practice at Cole, Shotz, et als on retainer with the RICO
defendants as his primary client.
·
Probative and
evidentiary documents, affidavits, exhibits, including those turned over to FBI
Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney
Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in
Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said
documents and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with the
office, that the file/documents could not be located, and that there was no
further information available concerning contacting him or his location. I
thereupon delivered by hand, copies of said documents to the office of then
U.S. Attorney Alito, addressed to him, with assurance they would go directly to
him. In addition to being 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. As much as I hate the mob, it truly was funny, if not so
tragic.], Alito is also corrupt
(and maybe corrupt because he is inept). After a reasonable (but still rather
short) time I called to determine the status and was told that Alito was no
longer with the Office of the U.S. Attorney, that he was (appointed) a federal
judge, and that neither the documents nor any file or record of same could be
located. Alito did parley the same / cover-up into quid pro quo direct lifetime
appointment to the Court of Appeals, 3rd circuit, despite the
absence of judicial experience or successful tenure as U.S. Attorney (Maryanne
Trump Barry as well). This is the same Sam Alito that now sits on the purported
highest court in the land. The real application of the illegal rule ‘don’t ask,
don’t tell’.
There
is applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert
L. Peia
611
E. 5th Street, #404
Los
Angeles, CA 90013
(213)
219-**** (cell phone)
(213)
622-3745 (listed land line but there are unresolved problems with the line,
computer connection may be the reason but I hesitate to chance greater
non-performance / worsening by their ‘fix’ so cell phone best for contact).
Drudgereport:
USA
HITS DEBT CEILING...
TREASURY
RAIDS PENSIONS...
OBAMA
SIDES WITH THE PALESTINIANS...
Netanyahu
fumes at call to return to '67 borders...
Abbas
calls emergency Palestinian Authority meeting...
Israeli
Knesset member: Obama is the new Arafat...
OBAMA:
'Limited' US Role in Libyan War Means No Need For Congressional
Authorization...
I
DON'T NEED YOUR PERMISSION (FOR WAR,
says nobel peace laureate)
CHICAGOLAND:
GODFATHER WANTS CASINO...
Cornel
West: Obama 'a black mascot' and 'black puppet'...
Peter
Fonda calls Obama 'traitor' at Cannes...
Obama,
Sarkozy dissed in films...
Doomsday
Food Price Scenario Turning Hedge Fund Managers into Survivalists...
In
China, some new cities are ghost towns...
RON PAUL: SELL THE GOLD IN FORT KNOX... [ I
personally believe that some has already been ‘sold’, as in stole, with gold
plate the replacement; after all, with the wall street frauds, 360 tons of $100
bills flown into Iraq and ‘disappeared’, etc., why would same seem unlikely. ]
NEXT
UP FOR BAILOUT: POST OFFICE...
4
MONTHS UNTIL DEFAULT... US
Postal Service reports $2.2B loss for quarter... [ And, let me add
that they deserved that loss. The USPS is totally unreliable and basically a
jobs program for the otherwise unemployable; and, they are also corrupt. I’ve
previously set forth the scenario where the postal service waylaid dvd disks
sent priority/confirmation and a second time, certified mail, to the FBI
(violations of federal law, tampering, obstruction, etc.), and ultimately
additional copies of said disks were delivered by the reliable, efficient,
competitive, performance-driven UPS (their parcel rates are roughly the same
and yet half the delivery time – Fedex is as unreliable as the USPS-and for
some time had a deal with the USPS)…infra ]
Medvedev
warns West of new Cold War...
Russia
Expels Israel's Military Attache...
U.S.-Israeli
group tells members not to boo president...
WHITE
HOUSE SHUTS OUT NEWSPAPER OVER 'BIAS'...
Veteran
reporters mock WH press for kowtowing to 'monarch'...
GOV'T
MOTORS CHEERS CHINESE COMMUNIST MOVIE...
US
helicopter exchanges fire with Pakistan troops on Afghan border...
...increasing
tensions
Pakistan,
China Grow Closer...
New,
federally-mandated light bulbs will cost $50 -- each...
GE
lobbied for them...
REPORT:
Secret Service interrogates 7th grader without parents' knowledge...
China
cuts holdings of Treasurys for 5th month...
U.S. borrows $58,000 a second...
BUCHANAN:
'Bad day for New World Order'...
NO
BAIL FOR WORLD'S BANKER
DOWN
AND OUT IN MANHATTAN...
...sex charges likely to isolate IMF in debt crisis talks
'BLOOD
ON THE BED'...
Authorities
investigating 'at least one other' case...
CHANGE:
Obama Assets Total as Much as $12 Million...
GALLUP:
OBAMA DROPS ANOTHER 2 POINTS, DOWN TO 46%...
...Post-Bin
Laden Bump Has Vanished
Hamas
PM: Pray for an end to Israel...
Protesters
try to breach Israeli border on 3 fronts...
Israel
opens fire across border with Lebanon...
Egypt
police fire tear gas at Nakba rally...
Demonstrators
pour into Israel from Syria...
'Iran
fingerprints'...
'Terror
truck' attack...
GALLUP:
Obama slips back to 48/45...
Administration
approves 200 more new Obamacare waivers...
IMF
HEAD IN RAPE RAP...
New
Details...
May
Step Aside?
French
presidential race hopes in jeopardy...
'THUNDERBOLT'...
Ron
Paul: 'These are the kind of people running the IMF'...
9
civilians killed in U.S. drone strike in Pakistan...
ALARM
OVER APPROACHING INSOLVENCY OF SOCIAL SECURITY, MEDICARE...
Social
Security to run 'permanent' deficits...
Texas
official accuses ATF of starting wildfire...
'That bunch has a real corner on stupid'...
British
woman decapitated in grocery store; killer flees with head...
Cannes:
Diana doc slams UK royals as 'gangsters'...
Senate
Bill Gives Feds Power to Order Blacklisting of Websites...
Treasury Auctions to Push US Over Debt Ceiling...
McCARTHY:
'Not one Republican vote' to borrow more without cuts...
REPORT:
48 Women Raped Every Hour in Congo...
'DOLLAR
IN GRAVER DANGER THAN EURO'...
FORBES:
RETURN TO GOLD STANDARD WITHIN 5 YEARS...
In
S.C., legislature takes first step...
POLL: 1 in 5 say bin Laden alive...
MICHELLE:
KEEPS ON DANCING!
First
Lady to host rapper who talks of killing cops...
USA
FREAK OUT: TERROR FEARS; FALSE ALARMS...
Sen.
Schumer Calls For Amtrak 'Do Not Ride' List...
Two
tunnel 'breaches' cause scare in NYC...
Threats
Divert Planes in Three Separate Incidents...
Passengers,
flight crew subdue man banging on cockpit door...
Dallas
Train Station Evacuated: Man Asked For Help Carrying Packages...
4
Arrested For Videotaping TSA Line At Denver...
SHOCK PHOTO: TSA LOOKING FOR
'POOP BOMBS?'
U.S.-Pak.
Rift Widens...
Pak.
warns of 'full force' response to future US raids...
S&P
cuts Greece's rating...
BOEHNER
TO DEMAND NOT BILLIONS, BUT TRILLIONS
IN CUTS...
OIL
REBOUNDS; 2ND LARGEST GAIN ON RECORD...
REPORT:
Housing crash getting worse...
...values
fall fastest rate since '08
Michelle
Obama to host rapper at WH who talks of killing cops...
'COMMAND
CENTER'...
Pakistan
skeptical of U.S. claim bin Laden directed network...
Two loud explosions heard in town where bin Laden killed...
Videos
show 9-11 mastermind watching himself on TV...
U.S.
government censors tapes, cuts audio...
Inside
bin Laden's squalid home...
NYT:
Final days of domesticity...
Drone
Strike Kills 15 in Pakistan...
First
since bin Laden raid...
BIN LADEN
SUPPORTERS RAGE ON THE STREETS OF LONDON, VOW REVENGE...
Stage
mock funeral in front of US embassy...
Gas
nat'l average: $3.99...
Eats
9% of household budgets...
Average
price sets record in Indiana -- $4.25 a gallon...
$6.03
in Hawaii...
JAPAN
URGES HALT AT THREE REACTORS...
UNEMPLOYMENT
BACK UP TO 9.0%...
Fannie
Mae Reports $8.7B Loss for First Quarter...
Seeks
$8.5B more from taxpayers...
APRIL
JOBS: +244,000...
FUZZY
MATH: How can US add
jobs but the unemployment rate go up?
Gas
nat'l average: $3.99...
Eats
9% of household budgets...
Average
price sets record in Indiana -- $4.25 a gallon...
$6.03
in Hawaii...
PAPER:
GREECE EU EXIT?
Silver
Plunge Spreads...
OIL
GUTTED...
Price
Slide Temporary, New Highs Likely: Goldman...
Fears
linger of a new 'flash crash'...
Euro
Tumbles... CNN
SHOCK POLL: RON PAUL HAS BEST CHANCE VS OBAMA
National
Home Prices Double Dip...
JOBLESS
CLAIMS RISE TO 8 MONTH HIGH...
Fears
linger of a new 'flash crash'...
9-11
FAMILY: 'SHOW US PROOF BIN LADEN KILLED'...
Victim's
father: Obama 'putting too much spotlight on himself'...
Channels
Bush at Ground Zero: 'We will never forget'...
Tells
teen survivor he knows
Justin Bieber...
Turns
Back on 9/11 Family Member...
AUDIO...
Muslim
Brotherhood urges review of Israel ties...
Pakistanis
burn U.S. flags; backlash over death grows...
Pakistan
officials: No resistance in 'cold-blooded' U.S. raid...
Warns
America not to stage any more...
Threatens
'disastrous consequences'...
Muslims
already name dump location 'Martyr's Sea'...
OBAMA,
NO PHOTOS OF OSAMA: 'We don't need to spike the football'...
'Conspiracy theorists will just claim doctored'...
Sen.
Scott Brown: 'I've seen picture, he's definitely dead'...
UPDATE:
Photo proving bin Laden's death to Sen. Brown was
faked...
three
senators fell for fakes...
UPDATE:
'The photo I saw and that a lot of other people saw is not authentic'...
Top
Dem: No photo needed, 'there's absolute proof'...
REUTERS RELEASES 'DEATH SCENE' PHOTOS
**WARNING GRAPHIC**
UPDATE: Photo proving bin Laden's death to Sen. Brown was faked...
Possibly
three senators fell for fakes...
Pakistan:
'Not a single bullet fired from compound'...
WIRE:
Photos from 1 hour after raid show 3 dead, no weapons...
The
Slippery Story of the bin Laden Kill...
Official says 'killed apparently
by the U.S. raid team'...
DOLLAR
HITS 3 YEAR LOW...
1
IN 7 ON FOOD STAMPS!
Job
numbers disappoint...
Treasury
suggests $2 trillion debt cap raise...
REUTERS, AP journalists describe staging of Obama photo taken after
TV announcement of bin Laden's death...
Wrap
up those loose ends: 'Rapture' movement predicts end of world on Saturday...
Preacher
made same prediction in 1994...
Doomsday
church thriving, worth $72 million... : ‘End
of Days’ message rolls into D.C.
(Washington Post) The
potentially rotten news that the world will end on May 21 arrived plastered on
a caravan of RVs. [ Gee … little premature … you know, that 2012, end of Mayan
calendar, Nostradamus thing … I previously weighed in / wrote: Why
do Americans still dislike atheists? (Washington Post) [ And
not just americans … Why? First and foremost because there is a God. Second, it
is intellectually dishonest to be an atheist. Specifically, there is absolutely
no evidence to dispute the existence of God. While one might similarly argue
that there is no evidence to suggest there is a God (which I would dispute),
which for most is a fair statement, the same would yield at best, if
intellectually honest, the position of ‘agnostic’. I can totally understand and
even empathize with the view of the agnostic. After all, at this point, there
seems to be ‘no rhyme nor reason’ at all. But, think binary, positives /
negatives. Just too many negatives. Think ‘capital punishment’. No, the world’s
not going to end in 2012 as some fear. Rather, think slow burn; decades at
best; then ‘poof’. In the scheme of things, this world’s just not that
important (apes, notochordates, and
initially single celled organisms). Kind of akin to what I
previously wrote: (God doesn’t care that you wrestle a girl who wants to
wrestle!) Boy
wrestler forfeits match to female opponent... [ What a homo! Wow! I
feel sorry for those guys she actually beat (20 of them – her record was 20 and
13) … they’ll probably never get over it … nor should they … I have to rethink
my regard for Iowa, Iowa state wrestling now presuming such stalwart
championship teams to be the products of out-of-state imports … as for the guy
who forfeited, he could have easily and gently taken her down (you can easily
do that with a lesser opponent), got her in a double grapevine and grind her in
a certain way into the mat, and when she was in the throws of convulsive
orgasm, she’d unwittingly arch her back, thereby pressing her own shoulder
blades to the mat, thereby pinning herself, thus enabling the homo to say in a
manner of speaking that he was making heterosexual love not war with her ………
how pathetic and preposterous this was … and, let me remind the homo that God
doesn’t care that you wrestle a girl who wants to wrestle! ]
US Postal Service reports
$2.2B loss for quarter... [ And, let me add that they deserved that
loss. The USPS is totally unreliable and basically a jobs program for the
otherwise unemployable; and, they are also corrupt. I’ve previously set forth
the scenario where the postal service waylaid dvd disks sent
priority/confirmation and a second time, certified mail, to the FBI (violations
of federal law, tampering, obstruction, etc.), and ultimately additional copies
of said disks were delivered by the reliable, efficient, competitive,
performance-driven UPS (their parcel rates are roughly the same and yet half
the delivery time – Fedex is as unreliable as the USPS-and for some time had a
deal with the USPS). Amazon, Ebay, though a boon to the USPS, have consistently
failed to deliver in the realm of computers / peripherals. The following
includes a prior testimonial to the service, reliability of PRO Computer Center
( http://www.procomputercenter.com Pro
Computer Center, 10837 Santa Monica Blvd., Los Angeles, CA 90025 ) . Pro Computer Center is among the few remaining stores of their
kind. They are performance / service / customer oriented like no other
surviving computer retailer / repairer / service providers I’ve experienced.
They’ve also moved into the realm of computer forensics / data recovery in the
context of court proceedings where they’ve successfully performed where others
failed and at substantially more reasonable rates than ‘the competition’. My most recent computer problems accounting
for some website / posting delays has been once again been resolved by them and
another Dell computer (the circumstances of the most recent debacle was a
barrage of Trojans caught by my antivirus, one after another, then shutting
down my antivirus, ultimately freezing (no boot) my computer (I previously
alluded to my reasonable suspicions as to who perpetrated same). My experiences
with such as Amazon, Ebay have been atrocious and borderline if not outright
fraudulent (the shoddy sellers), time consuming, and aggravating in the ‘claims
process’. Moreover, the other brick and mortar stores, even if reputable, have
a fine print which lays most of the warrantee/ guarantee on the manufacturer.
In sum, Pro Computer Center does not have any ‘real’ competition. They are
currently building me a backup computer that comports with my budget and their
survival as a company, though somewhat rare among computer retailers of their
type, is totally understandable and a testament to high quality performance and
service. (Prior testimonial:
Pro Computer Center
10837 Santa Monica Blvd.
Los Angeles, CA 90025
Gentlemen:
I just wanted to extend to you and your company my sincere thanks
for a job well done. The Dell computer I recently purchased from you has lived
up to all your representations and as well, my own expectations. I bought my
first computer from you (Ben) in or around 1999. It was a Sony Vaio laptop
which owing to Windows Millenium and a very proprietary approach to computing
on the part of Sony, truth be told, was not the greatest system in terms of
stability (typical Millenium problems), but no fault of yours. Ultimately,
though functional, I traded the Vaio for a Mac, an accommodation by your
company seldom seen with other companies if at all (3+ years later). You’ve
always stood by your products / service, are available / accessible to field /
handle all questions / problems which is rare indeed. In Armand you have a
top-notch A+ Certified Tech who is patient, knowledgeable, and talented. Ruben,
in truth has been particularly instrumental in seeing to a smooth transition in
my recent dealings with your company as a knowledgeable IT Specialist and
especially as a savvy, capable manager. Since 1999 I’ve purchased five
computers from you and based upon performance, the sixth is assured.
Sincerely,
Albert L. Peia ) ]
Come
on! Stocks rally on worse than expected bad news to keep the suckers suckered! This is an especially great opportunity to sell / take
profits while you still can since there's much worse to come! Remember: ‘Sell
in May and go away! … El-Erian:
“Financial Repression” In the Form of a Negative Real Rate of Return for Savers
Is Coming to America Pimco co-chair El-Erian is saying that the major flaws
in the financial system will not be addressed, the government will keep on
printing money, and that the inflation-adjusted return on investments for most
Americans will be negative. Stock
Market: 4 Current Warning Signs
Navin ‘…
1) The 5-year
high in the level of insider corporate stock sales is telling. At 565 sells for
every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be
selling some of their stocks so they can buy new yachts and some of this is
pre-planned. But that ratio — which has spiked recently — is extraordinarily
high, one might even say off-the-chart.
2) Professor
Shiller at Yale figures that the
present price-to-earnings ratio for the Standard & Poor’s 500 is in the
area of 26. The historical average is about 16.
3) The failure
of the financial sector to keep up is a significant negative divergence for the
entire market.
4) Key market
leaders are rolling over in price... ‘
Market's
Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a
secular bear market since 2000 and our Secular
Trend Score (STS) indicates that we remain in the middle stage of its
development (click to enlarge images):
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png
This is an especially great opportunity to sell / take profits
while you still can since there's much worse to come! Remember: ‘Sell in May
and go away! …
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog | It’s now mainstream news that none of the big financial
criminals have been prosecuted. This
is the grim economic
reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic
performance of the past ten years, equity valuations are the 2nd largest bubble
in U.S. history... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been artificially manufactured...
·
The change in
accounting rules for the financial sector by FASB has generated massive “false”
account profits beginning in 2009…’
Treasury
to tap pensions to fund government (WP) 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline’ ] States
face shortfall for retirees (WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come!
In reminder of '90s, LinkedIn has big first day (AP) - There was an unmistakable echo of the dot-com boom
Thursday on Wall Street.
Rod Serling Now Linked-In : Dave's Daily ‘It definitely remains a really
strange market. Fed Governor Fisher summed things up nicely Thursday stating:
"We've gone from too little liquidity to too much." He's definitely
off the main Fed talking points but a little honesty explains the "more
money than brains" market. The LinkedIn(LNKD_) IPO
typifies this Thursday. You may not be aware of it but word on the street is
only ten institutions were privileged to obtain freshly issued shares. I wonder
who was favored with this gift; care to guess? You couldn't get a collection of
bad economic news much worse than what appeared today. While Jobless Claims
were marginally lower given previous adjustments, the moving average of
claims reached six-month highs; Home Sales were down...again; the Philly Fed
reading came in at 3.9 vs 18 expected; and Leading Indicators were lower 0.3 vs
flat expectations. These were dreadful but bulls brushed them off hoping for
more POMO
and extended ZIRP. Perhaps the stupid people are the ones
not playing ball, given rising markets on this lousy economic news. LinkedIn
should remind everyone of dotcom experiences but it's really about too much
liquidity. Commodity prices were generally lower with economic data while the
dollar was weaker and so too were base and precious metals. Bonds were flat
overall…’
Geithner:
There Will Be Another Storm Roche
‘(Tiny) Tim Geithner was recently interviewed by Andrew Ross Sorkin for the
upcoming film “Too Big To Fail”. His comments on the future were pretty
encouraging (via the Daily
Beast):
“It will come again. There will be another storm,”
warned Geithner, who in early 2009 succeeded Paulson as treasury secretary.
“But it’s not going to come for a while.”
Under mostly gentle questioning from Pulitzer
Prize-winning financial writer Liaquat Ahamed and New York Times business
columnist Andrew Ross Sorkin, author of the book on which the film is based,
Geithner said “I’m certain we will” experience another catastrophe—he just
couldn’t say when or what kind.
“You will not know,” he answered when Sorkin tried to
pin him down. “It’s not going to be possible for people to capture risk with
perfect foresight and knowledge.”
And of course he’s right. Mr. Geithner, the fox in
the hen house at the NY Fed while the too big to fail banks were becoming the
behemoths that they are, was instrumental in ensuring that too big to fail
became too bigger to fail. He has been one of the primary players in
the build-up of the Wall Street financialization scheme. And worst of all, he
knows that it has the ability to cause another crippling storm.
The infuriating thing is that there are rules and
regulations that we could implement that would thwart or lessen the damage from
any future storms. But no, we choose instead to allow these companies to seek
profit maximization without requiring proper risk management. And in doing so,
it increases the instability of the entire system. The fact that our leaders
understand this is beyond maddening. And it would be funny if it wasn’t the
cause of so much hardship.’
Jailed
IMF chief resigns but maintains his innocence Strauss-Kahn, who is facing sexual assault charges in N.Y., says
he is stepping down with "infinite sadness" and that he wants to
devote "all my energy to proving my innocence." (Los Angeles
Times) I.M.F. Chief
Quits After His Arrest In Sexual Attack
(New York Times) [ Strauss-Kahn
resigns as head of the IMF
(Washington Post) [ So what! Who cares! There is not one head of even
one institution in the world today that deserves to keep their job; from
bernanke at the fed, to the nobel committee that awarded wobama the peace
prize, to geithner at treasury, to looney moony at the u.n., etc.. For jobs
poorly done, they should step down and make way for the generation that’s been so
negatively impacted by their venality, incompetence, corruption, etc… Why
Are Investors Fearful? Here are 19 Answers Khaner
5-17-11’
QE II: .. Place yer bets, place yer bets! Tick, tick, tick…
U.S. ECONOMY: Inventory built, inventory sold, inventory built, inventory sold.
..
UNEMPLOYMENT: ..(problematic)
U.S. DEBT CEILING: “Going up, she said, uh, huh…”
INVESTOR SENTIMENT: Mom & Pop investors still
getting’ their ya-yas out by pouring their savings into the equity markets. ..
Main Street flash crash.
HOUSING CRISIS: Markets worldwide still looking pricey..
INFLATION: Said to be “uncomfortably high” in London. Given the Brits penchant
for understatement..
SAUDI ARABIA: No one can convince me that they aren’t quietly calling all the
shots in the Middle East..
STOCK MARKET TECHNICALS: The technical signals aren’t flashing anything
definitive and the current low volume..
FLOODS: “High water rising, the shacks are sliding down, folks lose
their possessions -- folks are leaving town…” It's hold-your-breath time
as the Mississippi is flooding and the Louisiana gulf oil refineries may be threatened.
OIL PRICES: We get to $3.50 per gallon by July 1 and all is well. We get to $3
per gallon by July 1 and all is well and riding in a new stretch SUV Land
Yacht! “It’s a party in the USA!"
ARAB SPRING: “Spring has sprung, the grass has risen’, I wonder where the
birdies is?” Answer: Any place but the Middle East!
LIBYA: ..
JAPAN: Lost 3.2 million jobs in March alone. Insert audible “Gasp” here.
CHINA: .. China starts punishing companies for publicly announcing that they're
about to raise prices on their products. “You woke up
this morning, the world turned upside down...”
RING OF FIRE + SPAIN: Talk about getting kicked when you’re down. And since
when does Europe get into the earthquake act?
CURRENCIES: The American Buck wakes from its deep slumber and bucks
hyper-levered commodity traders
right in the assets.
SOVEREIGN DEBT: .. all of Europe will get a hangover from this seemingly never
ending bacchanal.
COMMODITIES: ..oil, gold and silver staging freakishly odd crashes every other
day ..
.. http://www.minyanville.com/investing/lloyds-wall-of-worry/5/17/2011 ‘ ]
Gang
of Six, minus one, presses on The five remaining senators say they are
“encouraged” as Gang of Six deficit talks resume. (Washington Post) [Whew!
Close one! Nothing to worry about now with the ‘gang of five’ back on track … Riiiiight! … New
math for debt compromise With the “Gang of Six” down a member, Sen.
Chambliss will need to be the one selling any deal. (Washington Post) [ How ‘bout no math, which certainly would be
consistent. After all, in Washington, when has math ever mattered ... Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and you
have to laugh) is to see Conservative pundits get on TV and talk about how we
need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING
FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ .
… Osama
bin Laden: A dead nemesis perpetuated by the US government ...
5-1-11 / U.S. intelligence is that bin
Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php
ON MAY 1,
2011, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED
OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED
DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN
ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT
AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS
POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A
"REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH
WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST.
Bin Laden's voice was detected regularly until [12-14-01] by
intelligence operatives monitoring radio transmissions in Tora Bora, according
to the Pentagon [details]. Since then,
nothing has been heard from the al-Qa'eda leader ..[Telegraph, 12/28/2001]
Osama bin Laden: A dead nemesis perpetuated by the US government
Osama bin Laden is dead. The news first came from sources in
Afghanistan and Pakistan almost 6 mos ago: the fugitive died in December [2001]
and was buried in the mountains of southeast Afghanistan. Pakistan's president,
Pervez Musharraf, echoed the information. ..
..Osama bin Laden would not have.. remained silent for so long
if he were still alive. He always liked to take credit even for things he had
nothing to do with …[NYT 7-11-02]
FOX News Report: Bin Laden Already Dead
Fed
won’t expand easing policy Central
bank has been using “quantitative easing” to keep rates low to boost the
nations’ economy. (Washington Post) [El-Erian:
“Financial Repression” In the Form of a Negative Real Rate of Return for Savers
Is Coming to America Pimco co-chair El-Erian is saying that the major flaws
in the financial system will not be addressed, the government will keep on
printing money, and that the inflation-adjusted return on investments for most
Americans will be negative.Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s
normal for insiders to be selling some of their stocks so they can buy new
yachts and some of this is pre-planned. But that ratio — which has spiked
recently — is extraordinarily high, one might even say off-the-chart.
2) Professor
Shiller at Yale figures that the
present price-to-earnings ratio for the Standard & Poor’s 500 is in the
area of 26. The historical average is about 16.
3) The failure
of the financial sector to keep up is a significant negative divergence for the
entire market.
4) Key market
leaders are rolling over in price... ‘
Market's
Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a
secular bear market since 2000 and our Secular
Trend Score (STS) indicates that we remain in the middle stage of its
development (click to enlarge images):
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png
This is an especially great opportunity to sell / take profits
while you still can since there's much worse to come! Remember: ‘Sell in May
and go away! …
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog | It’s now mainstream news that none of the big financial
criminals have been prosecuted. This
is the grim economic
reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar
24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline’ ] States
face shortfall for retirees (WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come!
Many
With New College Degree Find the Job Market Humbling Employment rates for
new graduates have fallen sharply, as have starting salaries for those who can
find work. (New York Times) [ Yet, we
all know things are humming on wall street, and military recruitment is
up. This is the grim economic reality [ http://albertpeia.com/grimreality.htm America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog | It’s now mainstream news that none of the big financial
criminals have been prosecuted.
]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline’ ] States
face shortfall for retirees (WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! El-Erian:
“Financial Repression” In the Form of a Negative Real Rate of Return for Savers
Is Coming to America Pimco co-chair
El-Erian is saying that the major flaws in the financial system will not be
addressed, the government will keep on printing money, and that the
inflation-adjusted return on investments for most Americans will be
negative. Stock
Market: 4 Current Warning Signs
Navin ‘… 1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes,
it’s normal for insiders to be selling some of their stocks so they can buy new
yachts and some of this is pre-planned. But that ratio — which has spiked recently
— is extraordinarily high, one might even say off-the-chart. 2) Professor
Shiller at Yale figures that the
present price-to-earnings ratio for the Standard & Poor’s 500 is in the
area of 26. The historical average is about 16. 3) The failure of
the financial sector to keep up is a significant negative divergence for the
entire market. 4) Key market leaders are rolling over in price... ‘ Market's
Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a
secular bear market since 2000 and our Secular
Trend Score (STS) indicates that we remain in the middle stage of its
development (click to enlarge images):
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png
Financialization
and Our Increasingly Unstable Economy Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for
Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by
the frauds on wall street ( and declares with oscar in hand that not one high
level wall street exec has been prosecuted … despite ‘earning’ billions from
the fraud ). UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
This is an
especially great opportunity to sell / take profits while you still can since
there's much worse to come! Remember: ‘Sell in May and go away! …
Focus
Is on Obama as Tensions Soar Across Mideast american and israeli officials are struggling to balance national
security interests against the need to adapt to a transformative movement in
the Arab world. (New York Times) [
Adapt? I don’t think so! I do believe that both nations are regressively but
nostalgically trying bring the world back to failed geopolitical paradigms that
made the 20th century the bloodiest century, not coincidentally the american
century (obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, and deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc..;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. CIA’s
stealth drones watched bin Laden house Sophisticated new stealth aircraft
flew dozens of secret missions deep into Pakistani airspace in an effort to
capture high-resolution video that satellites could not provide, U.S. officials
say. Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones | Hamid Gul, former ISI chief, talks about
NATO firing on Pakistani troops and the prospect of WWIII. Ludicrous Bin Laden “Porno” Claim Harks Back To CIA
Fakery Watson
| Spooks admitted creating hoax videotapes of Osama talking about having sex
with boys. [ Yeah! This is becoming preposterous and it’s quite amazing that
anyone’s believing anything they say. Next thing you know, they’ll be saying
beyond the porn stash, Bin Laden was a closet Christian. Osama
bin Laden: A dead nemesis perpetuated by the US government ... May
1, 2011 ... U.S. intelligence is that bin
Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11,
JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… FLASHBACK: Editorial: US in
quagmire 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. Editorial:
Bin Laden raid no vindication of torture (Washington
Post) [ While I don’t disagree with this Editorial, I do disagree with the
premise; viz., that they truly sought to prevent that ultimate ‘pearl harbor
event’, to ratchet up the war spending / military industrial complex welfare
plan with broad based enthusiasm / support. Even war-monger mccain supports
this which also finds support in international law, treaties, conventions.I can
only wonder what the presence of substantially underrated President General
Eisenhower would have meant, and truly believe this entire debacle and the
nation’s decline would have been avoided.
“All
In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His
Remarkable And Unique Warnings Given For Naught” Financialization
and Our Increasingly Unstable Economy Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
The latest case of U.S.
paranoia (Los Angeles Times) [ Yeah! This really needs to be said;
particularly when you take into account the reality, that while plentiful,
american laws are all but meaningless, arbitrarily enforced at best, and
‘federales’ and their supporters (more commonly called bribes, one way or form
or another) invariably the worst offenders. Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
CRIME
STATISTICS >(america is No. 1)
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Drudgereport: USA HITS DEBT CEILING...
TREASURY RAIDS PENSIONS...
OBAMA SIDES WITH THE
PALESTINIANS...
Netanyahu fumes at call to
return to '67 borders...
Abbas calls emergency
Palestinian Authority meeting...
Israeli Knesset member: Obama
is the new Arafat...
CHICAGOLAND: GODFATHER WANTS
CASINO...
Cornel West: Obama 'a black
mascot' and 'black puppet'...
Peter Fonda calls Obama
'traitor' at Cannes...
Obama, Sarkozy dissed in
films...
Doomsday Food Price Scenario
Turning Hedge Fund Managers into Survivalists...
In China, some new cities are
ghost towns...
RON PAUL: SELL THE
GOLD IN FORT KNOX... [ I personally believe that some has
already been ‘sold’, as in stole, with gold plate the replacement; after all,
with the wall street frauds, 360 tons of $100 bills flown into Iraq and ‘disappeared’,
etc., why would same seem unlikely. ]
NEXT UP FOR BAILOUT: POST OFFICE...
4 MONTHS UNTIL DEFAULT... US Postal Service reports
$2.2B loss for quarter... [ And, let me add that they deserved that
loss. The USPS is totally unreliable and basically a jobs program for the
otherwise unemployable; and, they are also corrupt. I’ve previously set forth
the scenario where the postal service waylaid dvd disks sent
priority/confirmation and a second time, certified mail, to the FBI (violations
of federal law, tampering, obstruction, etc.), and ultimately additional copies
of said disks were delivered by the reliable, efficient, competitive,
performance-driven UPS (their parcel rates are roughly the same and yet half
the delivery time – Fedex is as unreliable as the USPS-and for some time had a
deal with the USPS)…infra ]
Medvedev warns West of new
Cold War...
Russia Expels Israel's
Military Attache...
U.S.-Israeli group tells
members not to boo president...
WHITE HOUSE SHUTS OUT
NEWSPAPER OVER 'BIAS'...
Veteran reporters mock WH
press for kowtowing to 'monarch'...
GOV'T MOTORS CHEERS CHINESE
COMMUNIST MOVIE...
US helicopter exchanges fire
with Pakistan troops on Afghan border...
...increasing tensions
Pakistan, China Grow
Closer...
New, federally-mandated light
bulbs will cost $50 -- each...
GE lobbied for them...
REPORT: Secret Service
interrogates 7th grader without parents' knowledge...
China cuts holdings of
Treasurys for 5th month...
U.S. borrows $58,000 a second...
BUCHANAN: 'Bad day for New
World Order'...
NO BAIL FOR WORLD'S BANKER
DOWN AND OUT IN MANHATTAN...
...sex charges
likely to isolate IMF in debt crisis talks
'BLOOD ON THE BED'...
Authorities investigating 'at
least one other' case...
CHANGE: Obama Assets Total as
Much as $12 Million...
GALLUP: OBAMA DROPS ANOTHER 2 POINTS, DOWN TO 46%...
...Post-Bin Laden Bump Has
Vanished
Hamas PM: Pray for an end to
Israel...
Protesters try to breach
Israeli border on 3 fronts...
Israel opens fire across
border with Lebanon...
Egypt police fire tear gas at
Nakba rally...
Demonstrators pour into
Israel from Syria...
'Iran fingerprints'...
'Terror truck' attack...
GALLUP: Obama slips back to 48/45...
Administration approves 200
more new Obamacare waivers...
IMF HEAD IN RAPE RAP...
New Details...
May Step Aside?
French presidential race
hopes in jeopardy...
'THUNDERBOLT'...
Ron Paul: 'These are the kind
of people running the IMF'...
9 civilians killed in U.S.
drone strike in Pakistan...
ALARM OVER APPROACHING
INSOLVENCY OF SOCIAL SECURITY, MEDICARE...
Social Security to run
'permanent' deficits...
Texas official accuses ATF of
starting wildfire...
'That bunch
has a real corner on stupid'...
British woman decapitated in
grocery store; killer flees with head...
Cannes: Diana doc slams UK
royals as 'gangsters'...
Senate Bill Gives Feds Power
to Order Blacklisting of Websites...
Treasury Auctions
to Push US Over Debt Ceiling...
McCARTHY: 'Not one Republican
vote' to borrow more without cuts...
REPORT: 48 Women Raped Every
Hour in Congo...
'DOLLAR IN GRAVER DANGER THAN
EURO'...
FORBES: RETURN TO GOLD
STANDARD WITHIN 5 YEARS...
In S.C., legislature takes
first step...
POLL: 1 in 5 say
bin Laden alive...
MICHELLE: KEEPS ON DANCING!
First Lady to host rapper who
talks of killing cops...
USA FREAK OUT: TERROR FEARS;
FALSE ALARMS...
Sen. Schumer Calls For Amtrak
'Do Not Ride' List...
Two tunnel 'breaches' cause
scare in NYC...
Threats Divert Planes in
Three Separate Incidents...
Passengers, flight crew
subdue man banging on cockpit door...
Dallas Train Station
Evacuated: Man Asked For Help Carrying Packages...
4 Arrested For Videotaping
TSA Line At Denver...
SHOCK PHOTO: TSA LOOKING FOR 'POOP BOMBS?'
U.S.-Pak. Rift Widens...
Pak. warns of 'full force'
response to future US raids...
S&P cuts Greece's
rating...
BOEHNER TO DEMAND NOT
BILLIONS, BUT TRILLIONS IN CUTS...
OIL REBOUNDS; 2ND LARGEST
GAIN ON RECORD...
REPORT: Housing crash getting
worse...
...values fall fastest rate since '08
Michelle Obama to host rapper
at WH who talks of killing cops...
'COMMAND CENTER'...
Pakistan skeptical of U.S.
claim bin Laden directed network...
Two loud explosions
heard in town where bin Laden killed...
Videos show 9-11 mastermind
watching himself on TV...
U.S. government censors
tapes, cuts audio...
Inside bin Laden's squalid
home...
NYT: Final days of
domesticity...
Drone Strike Kills 15 in
Pakistan...
First since bin Laden raid...
BIN LADEN SUPPORTERS RAGE ON THE STREETS OF LONDON, VOW REVENGE...
Stage mock funeral in front
of US embassy...
Gas nat'l average: $3.99...
Eats 9% of household
budgets...
Average price sets record in
Indiana -- $4.25 a gallon...
$6.03 in Hawaii...
JAPAN URGES HALT AT THREE
REACTORS...
UNEMPLOYMENT BACK UP TO
9.0%...
Fannie Mae Reports $8.7B Loss
for First Quarter...
Seeks $8.5B more from
taxpayers...
APRIL JOBS: +244,000...
FUZZY MATH: How can US add jobs but the unemployment
rate go up?
Gas nat'l average: $3.99...
Eats 9% of household
budgets...
Average price sets record in
Indiana -- $4.25 a gallon...
$6.03 in Hawaii...
PAPER: GREECE EU EXIT?
Silver Plunge Spreads...
OIL GUTTED...
Price Slide Temporary, New Highs Likely: Goldman...
Fears linger of a new 'flash
crash'...
Euro Tumbles... CNN SHOCK POLL: RON PAUL HAS
BEST CHANCE VS OBAMA
National Home Prices Double Dip...
JOBLESS CLAIMS RISE TO 8
MONTH HIGH...
Fears linger of a new 'flash
crash'...
9-11 FAMILY: 'SHOW US PROOF
BIN LADEN KILLED'...
Victim's father: Obama
'putting too much spotlight on himself'...
Channels Bush at Ground Zero:
'We will never forget'...
Tells teen survivor he knows Justin Bieber...
Turns Back on 9/11 Family
Member...
AUDIO...
Muslim Brotherhood urges
review of Israel ties...
Pakistanis burn U.S. flags;
backlash over death grows...
Pakistan officials: No
resistance in 'cold-blooded' U.S. raid...
Warns America not to stage
any more...
Threatens 'disastrous
consequences'...
Muslims already name dump
location 'Martyr's Sea'...
OBAMA, NO PHOTOS OF OSAMA:
'We don't need to spike the football'...
'Conspiracy
theorists will just claim doctored'...
Sen. Scott Brown: 'I've seen
picture, he's definitely dead'...
UPDATE: Photo proving bin
Laden's death to Sen. Brown was faked...
three senators fell for fakes...
UPDATE: 'The photo I saw and
that a lot of other people saw is not authentic'...
Top Dem: No photo needed,
'there's absolute proof'...
REUTERS RELEASES 'DEATH SCENE' PHOTOS
**WARNING GRAPHIC**
UPDATE: Photo
proving bin Laden's death to Sen. Brown was faked...
Possibly three senators fell for fakes...
Pakistan: 'Not a single
bullet fired from compound'...
WIRE: Photos from 1 hour
after raid show 3 dead, no weapons...
The Slippery Story of the bin
Laden Kill...
Official says
'killed apparently by the U.S. raid team'...
DOLLAR HITS 3 YEAR LOW...
1 IN 7 ON FOOD STAMPS!
Job numbers disappoint...
Treasury suggests $2 trillion
debt cap raise...
REUTERS, AP
journalists describe staging of Obama photo taken after TV announcement of bin
Laden's death...
US Postal Service reports
$2.2B loss for quarter... [ And, let me add that they deserved that
loss. The USPS is totally unreliable and basically a jobs program for the
otherwise unemployable; and, they are also corrupt. I’ve previously set forth
the scenario where the postal service waylaid dvd disks sent
priority/confirmation and a second time, certified mail, to the FBI (violations
of federal law, tampering, obstruction, etc.), and ultimately additional copies
of said disks were delivered by the reliable, efficient, competitive, performance-driven
UPS (their parcel rates are roughly the same and yet half the delivery time –
Fedex is as unreliable as the USPS-and for some time had a deal with the USPS).
Amazon, Ebay, though a boon to the USPS, have consistently failed to deliver in
the realm of computers / peripherals. The following includes a prior
testimonial to the service, reliability of PRO Computer Center ( http://www.procomputercenter.com Pro
Computer Center, 10837 Santa Monica Blvd., Los Angeles, CA 90025 ) . Pro Computer Center is among the few remaining stores of their
kind. They are performance / service / customer oriented like no other
surviving computer retailer / repairer / service providers I’ve experienced.
They’ve also moved into the realm of computer forensics / data recovery in the
context of court proceedings where they’ve successfully performed where others
failed and at substantially more reasonable rates than ‘the competition’. My most recent computer problems accounting
for some website / posting delays has been once again been resolved by them and
another Dell computer (the circumstances of the most recent debacle was a
barrage of Trojans caught by my antivirus, one after another, then shutting
down my antivirus, ultimately freezing (no boot) my computer (I previously
alluded to my reasonable suspicions as to who perpetrated same). My experiences
with such as Amazon, Ebay have been atrocious and borderline if not outright
fraudulent (the shoddy sellers), time consuming, and aggravating in the ‘claims
process’. Moreover, the other brick and mortar stores, even if reputable, have
a fine print which lays most of the warrantee/ guarantee on the manufacturer.
In sum, Pro Computer Center does not have any ‘real’ competition. They are
currently building me a backup computer that comports with my budget and their
survival as a company, though somewhat rare among computer retailers of their
type, is totally understandable and a testament to high quality performance and
service. (Prior testimonial:
Pro Computer Center
10837 Santa Monica Blvd.
Los Angeles, CA 90025
Gentlemen:
I just wanted to extend to you and your company my sincere thanks
for a job well done. The Dell computer I recently purchased from you has lived
up to all your representations and as well, my own expectations. I bought my
first computer from you (Ben) in or around 1999. It was a Sony Vaio laptop
which owing to Windows Millenium and a very proprietary approach to computing
on the part of Sony, truth be told, was not the greatest system in terms of
stability (typical Millenium problems), but no fault of yours. Ultimately,
though functional, I traded the Vaio for a Mac, an accommodation by your
company seldom seen with other companies if at all (3+ years later). You’ve
always stood by your products / service, are available / accessible to field /
handle all questions / problems which is rare indeed. In Armand you have a
top-notch A+ Certified Tech who is patient, knowledgeable, and talented. Ruben,
in truth has been particularly instrumental in seeing to a smooth transition in
my recent dealings with your company as a knowledgeable IT Specialist and
especially as a savvy, capable manager. Since 1999 I’ve purchased five
computers from you and based upon performance, the sixth is assured.
Sincerely,
Albert L. Peia ) ]
Wall Street - Will it Lie and Cheat Stocks to New Highs? May 18, 2011
‘Dear Wall Street and government officials (domestically and
abroad), please take the following definition and post it where you see it
daily (no, the latrine doesn't count):
Risk On/Risk Off Markets: Dave's Daily ‘Most investors were waiting for the 2PM Fed Minutes
which offered few surprises. In it some governors were worried about inflation
while others economic weakness. The unspoken conclusion is stagflation.
Nevertheless, some Canadian wild fires near oil sands production areas halted
production which, when combined with slightly lower oil inventories, pushed
energy prices higher. This took the entire commodity complex higher once again
squeezing shorts. With commodity prices higher, stocks also took-off
with the most volatile and oversold sectors (EMs and Small Caps) leading the
charge higher. Bond prices reversed course and the dollar was mostly
flat. One of the last companies to report earnings was Dell (DELL) which
beat expectations. This led tech sectors higher despite quickly forgotten
misses by Cisco (CSCO) and Hewlett Packard (HPQ). There have also been plenty
of ignored casualties along the way as companies like Staples (SPLS) and AFLAC (AFL) reports
disappointed. That said, markets are just plain "jumpy" and there's
plenty of big money stock bets by hedge funds and others that need defending so
any excuse will do. For all the bullishness volume was once again ultra-light
which has been the signature of comeback rallies over the past nine months …’
Floyd Norris
Blog Housing
Starts: Still Dead NORRIS Home
construction is at a new low, and for good reasons. But wouldn't it be nice to
put all those unemployed people to work building something we need? (New York
Times) [ ‘Wouldn’t it be nice’ … Sounds like a Beach Boys song … then there are
tooth fairies, etc.. The very bad news hardly affects the
fraudulent stock market as we saw in the last hour’s trading with suckers’
rally to keep the suckers sucked in. Then of course, there’s reality, which of
course, is not lost on insiders. A storm gathers over equities markets (Reuters) Stock
Market: 4 Current Warning Signs
Navin ‘…
1) The 5-year
high in the level of insider corporate stock sales is telling. At 565 sells for
every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be
selling some of their stocks so they can buy new yachts and some of this is
pre-planned. But that ratio — which has spiked recently — is extraordinarily
high, one might even say off-the-chart.
2) Professor
Shiller at Yale figures that the
present price-to-earnings ratio for the Standard & Poor’s 500 is in the
area of 26. The historical average is about 16.
3) The failure
of the financial sector to keep up is a significant negative divergence for the
entire market.
4) Key market
leaders are rolling over in price... ‘
Market's
Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a
secular bear market since 2000 and our Secular
Trend Score (STS) indicates that we remain in the middle stage of its
development (click to enlarge images):
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png
This is an especially great opportunity to sell / take profits
while you still can since there's much worse to come! Remember: ‘Sell in May
and go away! …
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog | It’s now mainstream news that none of the big financial
criminals have been prosecuted. This
is the grim economic
reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar
Selling
In May Is Very Good Advice This Year Harding
24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline’ ] States
face shortfall for retirees (WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back
shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows ]
British
queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by
security scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ …
that is … Diana
film causes stir at Cannes
“Unlawful Killing” has a combination of celebrity, controversy and canny
hype-mongering. (Washington Post) [
Let’s not kid ourselves … and, Dodi Fayed’s father was no dope and knew the
score. Indeed, it’s not coincidental that William’s the over-riding favorite of
granny Liz II; after all, Harry’s the bastard son of Hewitt (don’t buy into
their DNA proffer which they did buy – you know, that ‘bloodline thing’).
Moreover, it was reported that Diana had another ‘potential challenger in the
oven’ at the time of her death and we all know how dicey such english affairs
of state can be (ie., Henry VIII, Richard III, etc.). Then there’s the contempt
of Diana for having brought the son of her bosom, Chas, down. Do I think she
said flat out ‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als.
Ultimately, William will require some substantial therapy to sort out this looming conflict. After all, Diana was
his mother. Drudgereport: British woman decapitated in
grocery store; killer flees with head... Cannes: Diana doc slams UK
royals as 'gangsters'... Though having but 5% of the
world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
CRIME
STATISTICS >(america is No. 1).
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
Financialization
and Our Increasingly Unstable Economy Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for
Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by
the frauds on wall street ( and declares with oscar in hand that not one high
level wall street exec has been prosecuted … despite ‘earning’ billions from
the fraud ). UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
In
Rust Belt, new jobs but smaller wages The nation’s factories have added
250,000 jobs since the beginning of last year — about 13 percent of what
was lost during the recent recession — marking the first sustained increase in
manufacturing employment since 1997. But the new hiring also reflects another
emerging reality of U.S. manufacturing.
In
the Rust Belt, glimmers of a new shine Stocks
erase declines as shares advance (Washington Post) [ Come
on! Wake up! Just another round of pre-election, make-shift,
taxpayer-subsidized talking points. .
24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline’ ] States
face shortfall for retirees (WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Bernanke
prepares to make history (WP) [ He already has! $6 gas acomin’..
hyperinflation as predicted well on the way from over-printing of fiat paper
currency by fed as predicted, etc., Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic
performance of the past ten years, equity valuations are the 2nd largest bubble
in U.S. history... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been artificially manufactured...
·
The change in
accounting rules for the financial sector by FASB has generated massive “false”
account profits beginning in 2009…’
Treasury
to tap pensions to fund government (WP)
New
math for debt compromise With the “Gang of Six” down a member, Sen.
Chambliss will need to be the one selling any deal. (Washington Post) [ How ‘bout no math, which certainly would be
consistent. After all, in Washington, when has math ever mattered ... Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING
FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ .
… Osama
bin Laden: A dead nemesis perpetuated by the US government ...
5-1-11 / U.S. intelligence is that bin
Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php
ON MAY 1,
2011, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED
OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED
DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN
ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T
WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT
IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A
"REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH
WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST.
Bin Laden's voice was detected regularly until [12-14-01] by
intelligence operatives monitoring radio transmissions in Tora Bora, according
to the Pentagon [details]. Since then,
nothing has been heard from the al-Qa'eda leader ..[Telegraph, 12/28/2001]
Osama bin Laden: A dead nemesis perpetuated by the US government
Osama bin Laden is dead. The news first came from sources in
Afghanistan and Pakistan almost 6 mos ago: the fugitive died in December [2001]
and was buried in the mountains of southeast Afghanistan. Pakistan's president,
Pervez Musharraf, echoed the information. ..
..Osama bin Laden would not have.. remained silent for so long
if he were still alive. He always liked to take credit even for things he had
nothing to do with …[NYT 7-11-02]
FOX News Report: Bin Laden Already Dead
CIA’s
stealth drones watched bin Laden house Sophisticated new stealth aircraft
flew dozens of secret missions deep into Pakistani airspace in an effort to
capture high-resolution video that satellites could not provide, U.S. officials
say. Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones | Hamid Gul, former ISI chief, talks about
NATO firing on Pakistani troops and the prospect of WWIII. Ludicrous Bin Laden “Porno” Claim Harks Back To CIA
Fakery Watson
| Spooks admitted creating hoax videotapes of Osama talking about having sex
with boys. [ Yeah! This is becoming preposterous and it’s quite amazing that
anyone’s believing anything they say. Next thing you know, they’ll be saying
beyond the porn stash, Bin Laden was a closet Christian. Osama
bin Laden: A dead nemesis perpetuated by the US government ... May
1, 2011 ... U.S. intelligence is that bin
Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… FLASHBACK: 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. Editorial:
Bin Laden raid no vindication of torture (Washington
Post) [ While I don’t disagree with this Editorial, I do disagree with the
premise; viz., that they truly sought to prevent that ultimate ‘pearl harbor
event’, to ratchet up the war spending / military industrial complex welfare
plan with broad based enthusiasm / support. Even war-monger mccain supports
this which also finds support in international law, treaties, conventions.I can
only wonder what the presence of substantially underrated President General
Eisenhower would have meant, and truly believe this entire debacle and the
nation’s decline would have been avoided.
“All
In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His
Remarkable And Unique Warnings Given For Naught”
Wall Street snaps losing streak, but headwinds remain (Reuters)
Most at Fed want rate hikes before asset sales (Reuters)
Baidu, China sued in U.S. for Internet censorship (Reuters) [
As indeed they should be … there is no excuse for censorship in any nation
including pervasively corrupt, defacto bankrupt america … particularly those
purporting to be global, and hence, the communist chinese must ‘pay (with
transparency) to play’. ]
Selling
Gold at Fort Knox Emerges as Next Big Question in Debate on Federal Debt Limit The
next big question on the federal debt limit could be whether to start selling
the government’s holdings of gold at Fort Knox — and at least one presidential
contender, Ron Paul, has told The New York Sun he thinks it would be a good
move. Drudgereport: RON PAUL: SELL THE
GOLD IN FORT KNOX... [ I
personally believe that some has already been sold, as in stole, with gold
plate the replacement; after all, with the wall street frauds, 360 tons of $100
bills flown into Iraq and ‘disappeared’, etc., why would same seem unlikely. ]
El-Erian:
“Financial Repression” In the Form of a Negative Real Rate of Return for Savers
Is Coming to America Pimco co-chair El-Erian is saying that the major flaws
in the financial system will not be addressed, the government will keep on
printing money, and that the inflation-adjusted return on investments for most
Americans will be negative.
8
Reasons Why China Resembles The USA Prior To The Great Depression I wanted
to pass along some excellent thoughts from Mark Lapolla of Knight Capital.
NATO
in Libya: Besides the Oil, Is It Also a Gold Robbery? The IMF data show
Libya’s reserves to be 4.6 million ounces, a figure of nearly 144 tons. At
current market prices the value is over $6bn.
Drudgereport: USA HITS DEBT CEILING...
TREASURY RAIDS PENSIONS...
RON PAUL: SELL THE
GOLD IN FORT KNOX... [ I personally believe that some has
already been ‘sold’, as in stole, with gold plate the replacement; after all,
with the wall street frauds, 360 tons of $100 bills flown into Iraq and
‘disappeared’, etc., why would same seem unlikely. ]
NEXT UP FOR BAILOUT: POST OFFICE...
4 MONTHS UNTIL DEFAULT... US Postal Service reports
$2.2B loss for quarter... [ And, let me add that they deserved that
loss. The USPS is totally unreliable and basically a jobs program for the
otherwise unemployable; and, they are also corrupt. I’ve previously set forth
the scenario where the postal service waylaid dvd disks sent
priority/confirmation and a second time, certified mail, to the FBI (violations
of federal law, tampering, obstruction, etc.), and ultimately additional copies
of said disks were delivered by the reliable, efficient, competitive,
performance-driven UPS (their parcel rates are roughly the same and yet half
the delivery time – Fedex is as unreliable as the USPS-and for some time had a
deal with the USPS)…infra ]
Medvedev warns West of new
Cold War...
Russia Expels Israel's
Military Attache...
U.S.-Israeli group tells
members not to boo president...
WHITE HOUSE SHUTS OUT
NEWSPAPER OVER 'BIAS'...
Veteran reporters mock WH
press for kowtowing to 'monarch'...
GOV'T MOTORS CHEERS CHINESE
COMMUNIST MOVIE...
US helicopter exchanges fire
with Pakistan troops on Afghan border...
...increasing tensions
Pakistan, China Grow
Closer...
New, federally-mandated light
bulbs will cost $50 -- each...
GE lobbied for them...
REPORT: Secret Service
interrogates 7th grader without parents' knowledge...
China cuts holdings of
Treasurys for 5th month...
U.S. borrows $58,000 a second...
BUCHANAN: 'Bad day for New
World Order'...
NO BAIL FOR WORLD'S BANKER
DOWN AND OUT IN MANHATTAN...
...sex charges
likely to isolate IMF in debt crisis talks
'BLOOD ON THE BED'...
Authorities investigating 'at
least one other' case...
CHANGE: Obama Assets Total as
Much as $12 Million...
GALLUP: OBAMA DROPS ANOTHER 2 POINTS, DOWN TO 46%...
...Post-Bin Laden Bump Has
Vanished
Hamas PM: Pray for an end to
Israel...
Protesters try to breach
Israeli border on 3 fronts...
Israel opens fire across
border with Lebanon...
Egypt police fire tear gas at
Nakba rally...
Demonstrators pour into
Israel from Syria...
'Iran fingerprints'...
'Terror truck' attack...
GALLUP: Obama slips back to 48/45...
Administration approves 200
more new Obamacare waivers...
IMF HEAD IN RAPE RAP...
New Details...
May Step Aside?
French presidential race
hopes in jeopardy...
'THUNDERBOLT'...
Ron Paul: 'These are the kind
of people running the IMF'...
9 civilians killed in U.S.
drone strike in Pakistan...
ALARM OVER APPROACHING
INSOLVENCY OF SOCIAL SECURITY, MEDICARE...
Social Security to run
'permanent' deficits...
Texas official accuses ATF of
starting wildfire...
'That bunch
has a real corner on stupid'...
British woman decapitated in
grocery store; killer flees with head...
Cannes: Diana doc slams UK
royals as 'gangsters'...
Senate Bill Gives Feds Power
to Order Blacklisting of Websites...
Treasury Auctions
to Push US Over Debt Ceiling...
McCARTHY: 'Not one Republican
vote' to borrow more without cuts...
REPORT: 48 Women Raped Every
Hour in Congo...
'DOLLAR IN GRAVER DANGER THAN
EURO'...
FORBES: RETURN TO GOLD
STANDARD WITHIN 5 YEARS...
In S.C., legislature takes
first step...
POLL: 1 in 5 say
bin Laden alive...
MICHELLE: KEEPS ON DANCING!
First Lady to host rapper who
talks of killing cops...
USA FREAK OUT: TERROR FEARS;
FALSE ALARMS...
Sen. Schumer Calls For Amtrak
'Do Not Ride' List...
Two tunnel 'breaches' cause
scare in NYC...
Threats Divert Planes in
Three Separate Incidents...
Passengers, flight crew
subdue man banging on cockpit door...
Dallas Train Station
Evacuated: Man Asked For Help Carrying Packages...
4 Arrested For Videotaping
TSA Line At Denver...
SHOCK PHOTO: TSA LOOKING FOR 'POOP BOMBS?'
U.S.-Pak. Rift Widens...
Pak. warns of 'full force'
response to future US raids...
S&P cuts Greece's
rating...
BOEHNER TO DEMAND NOT
BILLIONS, BUT TRILLIONS IN CUTS...
OIL REBOUNDS; 2ND LARGEST
GAIN ON RECORD...
REPORT: Housing crash getting
worse...
...values fall fastest rate since '08
Michelle Obama to host rapper
at WH who talks of killing cops...
'COMMAND CENTER'...
Pakistan skeptical of U.S.
claim bin Laden directed network...
Two loud explosions
heard in town where bin Laden killed...
Videos show 9-11 mastermind
watching himself on TV...
U.S. government censors
tapes, cuts audio...
Inside bin Laden's squalid
home...
NYT: Final days of
domesticity...
Drone Strike Kills 15 in
Pakistan...
First since bin Laden raid...
BIN LADEN SUPPORTERS RAGE ON THE STREETS OF LONDON, VOW
REVENGE...
Stage mock funeral in front
of US embassy...
Gas nat'l average: $3.99...
Eats 9% of household
budgets...
Average price sets record in
Indiana -- $4.25 a gallon...
$6.03 in Hawaii...
JAPAN URGES HALT AT THREE
REACTORS...
UNEMPLOYMENT BACK UP TO
9.0%...
Fannie Mae Reports $8.7B Loss
for First Quarter...
Seeks $8.5B more from
taxpayers...
APRIL JOBS: +244,000...
FUZZY MATH: How can US add jobs but the unemployment
rate go up?
Gas nat'l average: $3.99...
Eats 9% of household
budgets...
Average price sets record in
Indiana -- $4.25 a gallon...
$6.03 in Hawaii...
PAPER: GREECE EU EXIT?
Silver Plunge Spreads...
OIL GUTTED...
Price Slide Temporary, New Highs Likely: Goldman...
Fears linger of a new 'flash
crash'...
Euro Tumbles... CNN SHOCK POLL: RON PAUL HAS
BEST CHANCE VS OBAMA
National Home Prices Double Dip...
JOBLESS CLAIMS RISE TO 8
MONTH HIGH...
Fears linger of a new 'flash
crash'...
9-11 FAMILY: 'SHOW US PROOF
BIN LADEN KILLED'...
Victim's father: Obama 'putting
too much spotlight on himself'...
Channels Bush at Ground Zero:
'We will never forget'...
Tells teen survivor he knows Justin Bieber...
Turns Back on 9/11 Family
Member...
AUDIO...
Muslim Brotherhood urges
review of Israel ties...
Pakistanis burn U.S. flags;
backlash over death grows...
Pakistan officials: No
resistance in 'cold-blooded' U.S. raid...
Warns America not to stage
any more...
Threatens 'disastrous consequences'...
Muslims already name dump
location 'Martyr's Sea'...
OBAMA, NO PHOTOS OF OSAMA:
'We don't need to spike the football'...
'Conspiracy
theorists will just claim doctored'...
Sen. Scott Brown: 'I've seen
picture, he's definitely dead'...
UPDATE: Photo proving bin
Laden's death to Sen. Brown was faked...
three senators fell for fakes...
UPDATE: 'The photo I saw and
that a lot of other people saw is not authentic'...
Top Dem: No photo needed,
'there's absolute proof'...
REUTERS RELEASES 'DEATH SCENE' PHOTOS
**WARNING GRAPHIC**
UPDATE: Photo
proving bin Laden's death to Sen. Brown was faked...
Possibly three senators fell for fakes...
Pakistan: 'Not a single
bullet fired from compound'...
WIRE: Photos from 1 hour
after raid show 3 dead, no weapons...
The Slippery Story of the bin
Laden Kill...
Official says
'killed apparently by the U.S. raid team'...
DOLLAR HITS 3 YEAR LOW...
1 IN 7 ON FOOD STAMPS!
Job numbers disappoint...
Treasury suggests $2 trillion
debt cap raise...
REUTERS, AP
journalists describe staging of Obama photo taken after TV announcement of bin
Laden's death...
US Postal Service reports
$2.2B loss for quarter... [ And, let me add that they deserved that
loss. The USPS is totally unreliable and basically a jobs program for the
otherwise unemployable; and, they are also corrupt. I’ve previously set forth
the scenario where the postal service waylaid dvd disks sent
priority/confirmation and a second time, certified mail, to the FBI (violations
of federal law, tampering, obstruction, etc.), and ultimately additional copies
of said disks were delivered by the reliable, efficient, competitive,
performance-driven UPS (their parcel rates are roughly the same and yet half
the delivery time – Fedex is as unreliable as the USPS-and for some time had a
deal with the USPS). Amazon, Ebay, though a boon to the USPS, have consistently
failed to deliver in the realm of computers / peripherals. The following
includes a prior testimonial to the service, reliability of PRO Computer Center
( http://www.procomputercenter.com Pro
Computer Center, 10837 Santa Monica Blvd., Los Angeles, CA 90025 ) . Pro Computer Center is among the few remaining stores of their
kind. They are performance / service / customer oriented like no other
surviving computer retailer / repairer / service providers I’ve experienced.
They’ve also moved into the realm of computer forensics / data recovery in the
context of court proceedings where they’ve successfully performed where others
failed and at substantially more reasonable rates than ‘the competition’. My most recent computer problems accounting
for some website / posting delays has been once again been resolved by them and
another Dell computer (the circumstances of the most recent debacle was a
barrage of Trojans caught by my antivirus, one after another, then shutting
down my antivirus, ultimately freezing (no boot) my computer (I previously
alluded to my reasonable suspicions as to who perpetrated same). My experiences
with such as Amazon, Ebay have been atrocious and borderline if not outright
fraudulent (the shoddy sellers), time consuming, and aggravating in the ‘claims
process’. Moreover, the other brick and mortar stores, even if reputable, have
a fine print which lays most of the warrantee/ guarantee on the manufacturer.
In sum, Pro Computer Center does not have any ‘real’ competition. They are
currently building me a backup computer that comports with my budget and their
survival as a company, though somewhat rare among computer retailers of their
type, is totally understandable and a testament to high quality performance and
service. (Prior testimonial:
Pro Computer Center
10837 Santa Monica Blvd.
Los Angeles, CA 90025
Gentlemen:
I just wanted to extend to you and your company my sincere thanks
for a job well done. The Dell computer I recently purchased from you has lived
up to all your representations and as well, my own expectations. I bought my
first computer from you (Ben) in or around 1999. It was a Sony Vaio laptop
which owing to Windows Millenium and a very proprietary approach to computing
on the part of Sony, truth be told, was not the greatest system in terms of
stability (typical Millenium problems), but no fault of yours. Ultimately,
though functional, I traded the Vaio for a Mac, an accommodation by your
company seldom seen with other companies if at all (3+ years later). You’ve
always stood by your products / service, are available / accessible to field /
handle all questions / problems which is rare indeed. In Armand you have a
top-notch A+ Certified Tech who is patient, knowledgeable, and talented. Ruben,
in truth has been particularly instrumental in seeing to a smooth transition in
my recent dealings with your company as a knowledgeable IT Specialist and
especially as a savvy, capable manager. Since 1999 I’ve purchased five
computers from you and based upon performance, the sixth is assured.
Sincerely,
Albert L. Peia ) ]
Why
Are Investors Fearful? Here are 19 Answers Khaner
May 17, 2011 ‘It's hold-your-breath time as investors worry about inflation,
housing, the end of QE2, the Mississipi flood and more.
Investors are worried. The end of QE2 is in sight,
the Brits are talking about inflation, and the future of oil, housing and the
US economy looks uncertain. Add to these the economic threat posed by
Mississippi River flood waters, and you've got countless sleepless nights.
Here's a look at all the issues making the market nervous
this week. For more on how to use Lloyd's Wall of Worry, see below.
QE II: Much ado about nothing? Or much ado about something? Place yer bets,
place yer bets! Tick, tick, tick…
U.S. ECONOMY: Inventory built, inventory sold, inventory built, inventory sold.
“And the beat goes on...” This is going to be our economic
path until further notice so dig the groove, `cause it’s the only disc we got
to spin.
UNEMPLOYMENT: We added 244,000 new jobs! Not ready to body surf the crowd
to "The
Boys Are Back In Town" yet but it's a solid six-digit number.
U.S. DEBT CEILING: “Going up, she said, uh, huh…” And it's just a matter of
when, not if. Still worth fretting about though.
INVESTOR SENTIMENT: Mom & Pop investors still
getting’ their ya-yas out by pouring their savings into the equity markets.
Here's hoping they don't suddenly throw their ya-yas into reverse and give us a
Main Street flash crash.
HOUSING CRISIS: Markets worldwide still looking pricey. I saw a listing for a
rectangular, poured concrete split-level in a high-end military suburb of
Pakistan that’s going for a million clams! Even with free weekly goat delivery
thrown in, it still seems steep.
INFLATION: Said to be “uncomfortably high” in London. Given the Brits penchant
for understatement, that translates into “my pants are on fire and I can’t
afford to buy any water to put them out.”
SAUDI ARABIA: No one can convince me that they aren’t quietly calling all the
shots in the Middle East. Hope somebody whispers to them that there's no room
for error here.
STOCK MARKET TECHNICALS: The technical signals aren’t flashing anything
definitive and the current low volume, tight equity trading range
is just too tough when you’re trying to make an honest living scalping a
vulnerable market. Is nothing sacred anymore?
FLOODS: “High water rising, the shacks are sliding down, folks lose
their possessions -- folks are leaving town…” It's hold-your-breath time
as the Mississippi is flooding and the Louisiana gulf oil refineries may be
threatened.
OIL PRICES: We get to $3.50 per gallon by July 1 and all is well. We get to $3
per gallon by July 1 and all is well and riding in a new stretch SUV Land
Yacht! “It’s a party in the USA!"
ARAB SPRING: “Spring has sprung, the grass has ris’, I wonder where the birdies
is?” Answer: Any place but the Middle East!
LIBYA: Turkey, their last best friend and biggest toe, just threw in the towel
on them. C’mon Libby, walk away before they carry you away.
JAPAN: Lost 3.2 million jobs in March alone. Insert audible “Gasp” here.
CHINA: The Tony Soprano School of Management springs to life. China starts
punishing companies for publicly announcing that they're about to raise prices
on their products. “You woke up this morning, the world turned upside down...”
RING OF FIRE + SPAIN: Talk about getting kicked when you’re down. And since
when does Europe get into the earthquake act?
CURRENCIES: The American Buck wakes from its deep slumber and bucks
hyper-levered commodity traders
right in the assets.
SOVEREIGN DEBT: Hoopah! Hoopah! Greece is still livin’ large and partying in
the face of fiscal austerity promises. Unfortunately all of Europe will get a hangover
from this seemingly never ending bacchanal.
COMMODITIES: Correct me if I’m wrong but are oil, gold and silver staging
freakishly odd crashes every other day or is it just me? When you come up with
the answer just look for me under my desk.
What Is Lloyd's Wall of Worry?
By Lloyd Khaner
Since the 1930s, when Benjamin Graham created the concept of "Mr.
Market," investors have been trying to figure out what events or fears are
influencing the market. Investors call this body of concerns the "Wall of
Worry."
Oddly, no one has ever kept a list of the worries, except for me. I've been
managing money for the last 20 years and keeping a running tally of all the
things that are bothering investors. It's an important part of my value investment
discipline, because when Mr. Market gets nervous, stocks tend to get cheaper.
As Warren Buffett says: "Be fearful when others are greedy and be greedy
when others are fearful."
Click on the image below to view the interactive Wall of Worry page.
http://www.minyanville.com/investing/lloyds-wall-of-worry/5/17/2011 ‘
Human
Hair Now More Valuable Than US Dollar
‘According to the New York Times, thieves breaking into beauty
parlors are more interested in making off with
hair extensions than cash.
"One indication of how quickly the focus of some thieves has shifted to
high-end hair is the experience of the Beauty One hair supply store in Chicago:
two years ago, thieves went after the store’s cash, but last month, they
bypassed the register altogether and took just the hair, which was valued at
$90,000," reporter Timothy Williams writes…’
Selling
In May Is Very Good Advice This Year Harding
Stocks
slip after three-day rally (Washington Post) [
Top 3 Reasons Markets Tanked with Oil WSCS…
1) Commodities
and Oil got slaughtered. .. widening trade gap.
2) Insiders
finally getting busted.. but what about what large banks, investment banks, and
mortgage companies did to the US economy…these insider trading cases are
basically sideshows…
Fed
official calls for vigilance (WP)
[ Who’s still buying their
b***s***! Much higher prices / inflation’s already here. 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline’ ] States
face shortfall for retirees (WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Bernanke
prepares to make history (WP) [ He already has! $6 gas acomin’..
hyperinflation as predicted well on the way from over-printing of fiat paper
currency by fed as predicted, etc., Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic
performance of the past ten years, equity valuations are the 2nd largest bubble
in U.S. history... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been artificially manufactured...
·
The change in
accounting rules for the financial sector by FASB has generated massive “false”
account profits beginning in 2009…’
Pension
plan draws ire of workers Proposal
to raise payroll deductions of federal workers could make public sector work
less attractive.
Diary:
Federal workers are raising the roof Treasury
to tap pensions to fund government (Washington Post) [ Most
people thought this to be beyond the realm of possibility; yet, it’s happening
and far worse is yet to come, their desperation being seen in so many ways. As
far as public sector ‘work’ being less attractive, let’s not forget the fact
that these non-productive, over-paid, over-valued public employees, like those of
the u.s. postal service, are otherwise unemployable, and as such, tend to favor
party-campaign benefactors as, ie., fraudulent wall street, etc.. Market's
Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a
secular bear market since 2000 and our Secular
Trend Score (STS) indicates that we remain in the middle stage of its
development :
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png
…
..Butler|Philbrick & Associates
conducted a study
that combined the Shiller CAPE ratio, the Q-Ratio, long-term price deviations
and total return trends. The following graph from DShort.com
displays 15-year actual stock market returns and projected returns since 1900
..
http://static.seekingalpha.com/uploads/2011/5/14/668911-13054033822883-Erik-McCurdy.png
With a couple
of notable exceptions, actual returns have tracked projected returns almost
exactly during the past 110 years. .. this model projects that stocks will
return -0.5% during the next 10 years and 0.6% during the next 15 years..
stocks are likely to produce no gains for the next 15 years. .. However, the
fact remains that stocks are priced to deliver historically poor returns as
investment vehicles for the foreseeable future.
While
valuation-based forecasting models project a poor long-term outlook, chart
analysis and internal data also suggest that the stock market has entered a
period of heightened risk from an intermediate-term perspective. ..
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540340946043-Erik-McCurdy.png
The rally is
now 26 months old and cyclical
bulls that occur during secular bears..
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540342919514-Erik-McCurdy_origin.png
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540344803643-Erik-McCurdy_origin.png
http://static.seekingalpha.com/uploads/2011/5/14/668911-13054034630148-Erik-McCurdy_origin.png
http://static.seekingalpha.com/uploads/2011/5/14/668911-13054034630148-Erik-McCurdy.png
Finally, our
sentiment score recently declined to the lowest level since late 2007,
reflecting an excessive amount of bullish sentiment that leaves the stock
market vulnerable to an abrupt, violent decline.
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540347838945-Erik-McCurdy_origin.png
Lawmakers
rebuff restitution (Washington Post)
Investors in an alleged Ponzi scheme say their pleas for reimbursement
fall on deaf ears. ‘While Allen Stanford was flying high, he and his colleagues
spent more than $10 million on campaign contributions and lobbying
payments to curry favor in Washington. But all that money was diverted from
investors in what authorities have called an elaborate Ponzi
scheme, second only to Bernard
Madoff’s in U.S. history, according to court documents…’ [ No surprise here
from the accomplices / facilitators of frauds such as this which are plentiful
in pervasively corrupt, defacto bankrupt america.
A storm gathers over equities markets (Reuters) Stock
Market: 4 Current Warning Signs
Navin ‘…
1) The 5-year
high in the level of insider corporate stock sales is telling. At 565 sells for
every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be
selling some of their stocks so they can buy new yachts and some of this is
pre-planned. But that ratio — which has spiked recently — is extraordinarily
high, one might even say off-the-chart.
2) Professor
Shiller at Yale figures that the
present price-to-earnings ratio for the Standard & Poor’s 500 is in the
area of 26. The historical average is about 16.
3) The failure
of the financial sector to keep up is a significant negative divergence for the
entire market.
4) Key market
leaders are rolling over in price... ‘
Market's
Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a
secular bear market since 2000 and our Secular
Trend Score (STS) indicates that we remain in the middle stage of its
development (click to enlarge images):
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png
This is an especially great opportunity to sell / take profits
while you still can since there's much worse to come! Remember: ‘Sell in May
and go away! …
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog | It’s now mainstream news that none of the big financial
criminals have been prosecuted. This
is the grim economic
reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar
Selling
In May Is Very Good Advice This Year Harding
24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline’ ] States
face shortfall for retirees (WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
Study:
$2 trillion for infrastructure U.S. is falling dramatically behind in
rebuilding and expanding its transportation network, study says. (Washington
Post) [ As if that was all pervasively
corrupt, defacto bankrupt america was falling behind in. Moreover, even the
simplistic answer, ‘you can’t spend what you don’t have’, is regrettably
inapposite. The problem is, defacto bankrupt america is spending what it
doesn’t really have. More importantly, pervasively corrupt america is spending
what it doesn’t really have on war, and such other manipulations as fraudulent
wall street, most of which is immediately or ultimately a net negative in real
economic terms. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING
FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ .
… Osama
bin Laden: A dead nemesis perpetuated by the US government ...
5-1-11 / U.S. intelligence is that bin
Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php
ON MAY 1,
2011, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED
OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED
DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN
ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT
AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS
POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A
"REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH
WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST.
Bin Laden's voice was detected regularly until [12-14-01] by
intelligence operatives monitoring radio transmissions in Tora Bora, according
to the Pentagon [details]. Since then,
nothing has been heard from the al-Qa'eda leader ..[Telegraph, 12/28/2001]
Osama bin Laden: A dead nemesis perpetuated by the US government
Osama bin Laden is dead. The news first came from sources in
Afghanistan and Pakistan almost 6 mos ago: the fugitive died in December [2001]
and was buried in the mountains of southeast Afghanistan. Pakistan's president,
Pervez Musharraf, echoed the information. ..
..Osama bin Laden would not have.. remained silent for so long
if he were still alive. He always liked to take credit even for things he had
nothing to do with …[NYT 7-11-02]
FOX News Report: Bin Laden Already Dead
Dionne:
Why did the media fall for Trump? (Washington Post) [ In
addition to being a mobster, trump was / is always a joke and a certifiable
mental case. The real question is why the media continues to fall for
wobama. SEC
urged to ease fundraising rules
(Washington Post) [ REDUNDANT! I
mean come on! Any more ‘easing’ and we’d be in negative territory where they
actually reward you for breaking the rules which is currently the reality in
pervasively corrupt, defacto bankrupt, meaningfully lawless america. Roche 'The
worst part of it ...Obama, who vowed
change, has done almost nothing to fix any of it and in fact continues most of
the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for
Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by
the frauds on wall street ( and declares with oscar in hand that not one high
level wall street exec has been prosecuted … despite ‘earning’ billiions from
the fraud ). UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Defacto bankrupt, fraudulent america also spends more on military
spending than all the nations of the world combined... federal employees /
contractors, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ).
That perverse field of dreams I’ve previously alluded to, the american
nightmare, if you build / contrive war, they will come. And, they do; seals of
them (among others); and when their ‘tours’ are done, it’s murder inc./contract
killing for hire that they’ve won (cia, mob, etc.). The 20th century, the
‘bloodiest century’, not coincidentally referred to as the american century,
brings longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering
which primitive mindset they have mistakenly been conditioned to connect to
their now irretrievably lost success as a nation state; and to the contrary,
has become globally and domestically self-destructive / self-defeating. The
entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of
political desperation and Orwellian opportunism.
U.S.
speeds up direct talks with Taliban
Officials say they hope the negotiations, initiated several months ago,
will enable President Obama to report progress in ending the Afghan war when he
announces troop withdrawals in July. (Washington Post) [ Well, no biggy … after all, they’ve been
reporting and will continue reporting ‘progress’ regardless of the reality and
prospectively why should we expect the truth, particularly in this so called
election cycle. Even MSNBC’s Chris Matthews Admits the CIA is Engaging in
“Psy-Ops” With The Bin Laden Raid Youtube Bin Laden’s “One Million Page Cache” Will Be Used To
Legitimize Official 9/11 Fable Paul Watson | The
White House claims it has recovered one million pages of data from the Bin
Laden compound… That’s exactly what
they want … for the benefit of the military industrial complex that has
steadily drained the dwindling resourses of this country to defacto
bankruptcy. Editorial:
Bin Laden raid no vindication of torture (Washington
Post) [ While I don’t disagree with this Editorial, I do disagree with the
premise; viz., that they truly sought to prevent that ultimate ‘pearl harbor
event’, to ratchet up the war spending / military industrial complex welfare
plan with broad based enthusiasm / support. Even war-monger mccain supports
this which also finds support in international law, treaties, conventions.I can
only wonder what the presence of substantially underrated President General
Eisenhower would have meant, and truly believe this entire debacle and the
nation’s decline would have been avoided.
“All
In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His
Remarkable And Unique Warnings Given For Naught” [ I personally believe, and the factual, historical realities
support that President General Eisenhower is without question the most
under-rated president in america’s short-lived history. Is there anyone who
foolishly would believe this man (Ike) of honor, the quintessential General /
Commander in Chief would be sacrificing lives (american among many others) and
treasury for the sake of war profiteers, greed, fraud, etc., as now? ] President Eisenhower’s warned us about the
growing threat from the military-industrial complex – and it’s threat to our
prosperity – 50 years ago. Eisenhower’s
Worst Fears Have Been Realized Washington’s Blog | All in
all it appears that Eisenhower’s worst fears have been realized and his remarkable
and unique warnings given for naught.
….. Indeed, 911 itself; that ‘pearl harbor event’ so sought by the
neo-cons / war mongers still defies explanation (ie., the ‘stand-down order’,
symmetrical implosions, foreknowledge by some {who conveniently ‘missed the
party’ that day}, etc.. Some links, echoing the disbelief akin to the ‘Jessica
Lynch’, Tillman, etc., affairs follow.
People must realize that though having but 5% of
the world’s population, america can boast 76% of the world’s serial killers and
the highest crime rates in the world by far. That perverse field of dreams I’ve
previously alluded to, the american nightmare, if you build / contrive war,
they will come. And, they do; seals of them (among others); and when their
‘tours’ are done, it’s murder inc./contract killing for hire that they’ve won
(cia, mob, etc.). The 20th century, the ‘bloodiest century’, not coincidentally
referred to as the american century, brings longings of nostalgia to american
criminals who, like Pavlov’s dogs salivate
at the prospect of killing, raping,
pillaging, and plundering which primitive mindset they have mistakenly been
conditioned to connect to their now irretrievably lost success as a nation
state; and, to the contrary, has become globally and domestically
self-destructive / self-defeating. The entire 911 / Bin Laden scenario just
doesn’t pass the smell test and reeks of political desperation and Orwellian
opportunism.
Ludicrous Bin Laden “Porno” Claim Harks Back To CIA
Fakery Paul Joseph
Watson | Spooks admitted creating hoax videotapes of Osama talking
about having sex with boys. [ Yeah! This is becoming preposterous and it’s
quite amazing that anyone’s believing anything they say. Next thing you know,
they’ll be saying beyond the porn stash, Bin Laden was a closet Christian. Osama
bin Laden: A dead nemesis perpetuated by the US government ... May
1, 2011 ... U.S. intelligence is that bin
Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php ON MAY 1,
2011, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED
OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED
DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN
ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T
WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT
IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A
"REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH
WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… [ infra, for article text ] FLASHBACK: 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.
10
Indications The United States Is A Dictatorship
For a people
to be free, they must first be honest with themselves, their government, and
the world at large. History is filled with stories of free nations that fell
under the spell cast by their governments who exploited the threat of terror…
1. Rule
by force, not by law: This is where it all begins; when the legal
framework that serves to define a country and its behavior is dismantled and intimidation
tactics take over. In the most extreme case, drone bombings
and assassinations have begun of non-citizens, as well as U.S.
citizens, leading only to a debate over whether U.S. citizens
should be stripped
of citizenship before assassination. Governmental
assassinations are in complete opposition to the laws
of America and all international laws and agreements. In the
last week we have also seen the official
elimination of the 4th Amendment in Indiana, which is a clear
precedent-setting ruling to say that the State now believes that it owns the
property and person of its citizens. As a result, the militarized
police have been granted unlimited access, which will only cause
an escalation in cases of police brutality and misconduct. This is yet
another addition to the precedent set by TSA
groping and sexual harassment in airports, Child Protective
Services kidnapping
children of activists in pro-liberty causes, public school surveillance,
and the lawless detention of activists who videotape
the police. All areas of society are now ruled top-down
through state legislation adopted to justify federal grants that have installed
a police state apparatus in America. And these federal agencies such as
the TSA actually believe they
rule supreme over the states. We now live in a country where
CIA abductions, overseas detention, torture and assassinations can be carried
out against Americans without
due process and without recourse if later cleared.
Consequently, an atmosphere has been created where the government is
permitted to break countless laws, like warrantless GPS tracking of
activists by the FBI, while average citizens are guilty of
pre-crimes. The increase in executive power under the aegis of National
Security is our greatest threat and has led to all that follows.
2. Crushing
peaceful protest: Despite the current
mission to defend protesters living in dictatorships overseas,
when George Bush brought “free speech zones” to America it effectively spelled
the end of peaceful, lawful street protest. Now the full force of
brutality and surveillance has been unleashed upon the very people intent in
stopping it through peaceful means. It is as sure a sign as any about
totalitarian intentions, when anti-war
activists have become one of the targets. The activist is
beginning to equal terrorist in the all-seeing eye of the State, and any street
gathering is a sure sign to let loose all of the riot weapons that were
formerly used against insurgents on foreign battlefields. One look at the
G20
protest in Pittsburgh, a recent Illinois
University event, and the ongoing travesty of the torture
and incarceration of Bradley Manning, and we can begin to see
through the propaganda of White House officials when they talk about terrible
dictators in other nations crushing dissent.
3. Checkpoints:
The slow acclimation of the populace to military-style checkpoints began first
as border
control operations up to 100 miles inland in what the ACLU calls
the Constitution
Free Zone. However, this has rather quickly morphed into
local traffic stops across the country for “unsavory” characters such as those
targeted by the Amber Alert system and DUI checkpoints. Though
apparently well meaning, we are now far beyond even loosely suspected criminal
activity, as VIPR
teams have been introduced to take
over public transportation and events. The TSA tyranny has
hit the streets of America, now forming a de facto internal passport system straight out of the
totalitarian playbook. The expanding checkpoint system dovetails with new
initiatives such as the No
Ride List proposal of Chuck Shumer, building upon the No Fly List
already in place. These no-travel lists are extrajudicial, secret, and
form a guilty-until-proven innocent framework that subverts freedom instead of
protecting it. Incidentally, this element of constant suspicion is
exactly what leads to a citizen spy network.
4. Citizen
spy network: Dictatorships know how difficult it is to rule over large
populations with only the relatively small numbers of military and police.
Despite the lessons of terror created by citizen surveillance that the
East German Stasi files left us to examine, just such a network
has been openly introduced to present-day America — and now it’s even more
high-tech and populated.
Secret black budget projects organized through the NSA like Perfect
Citizen is just one among many. Our head of Homeland
Security, Janet Napolitano — in partnership with retailer Wal-Mart
– kicked off the See
Something, Say Something program, which goes beyond the already
high-tech surveillance apparatus of the NSA and turns each of us into an unpaid
employee of the police state. Similarly, the web of cameras and data
mining is far too massive for even the well-funded NSA, but with gadgets at our
disposal we can now download
apps to enable spying on our neighbors. Most dangerous of
all, though, is new legislation introduced by Peter King that enshrines Janet
Napolitano’s program and would provide
immunity for accusers “acting in good faith” while reporting
suspicious activities. This is guaranteed to lead to false arrests and
disappearances, just as it has on every occasion throughout history when a
society’s fear becomes self-directed.
5.
Executive Orders: This is means by which a dictator can come to power
in the United States, despite a framework of checks and balances. Any
time a country has centralized its power to the executive branch by erasing the
checks and balances of separate legislative and judicial bodies, the result has
been dictatorship. And this normally happens when national security is
“threatened.” The Constitution is clear, however: only the legislature
(Congress) can make laws. Yet, the use of Executive Orders has increased,
beginning with President Clinton who came under fire for his abuse of this
power, becoming one of only two presidents (the other was Truman’s E.O. 12954)
to have an Executive Order struck down by the courts. His successors
seem only to have been
encouraged. Clinton issued 14, George W. issued over 60, and Obama
is at 26 with many more to be expected if he wins a second term. Among the most
egregious of Obama’s orders is the ability to
hold detainees indefinitely even after a court has found them not
guilty. Executive Orders also form the basis for control over regulatory
agencies, which then impose the directives. While it seems multi-layered
with potential checks and balances, all directives can now be issued top-down
in dictatorial fashion.
6. Control
of regulatory agencies: This is the more insidious and, ultimately,
dangerous tactic used by dictatorships. Dictatorship through regulation
invades every
facet of society without relying only upon overt violence.
As mentioned above, only the legislature can make laws. However, the legislature
has created “regulatory bodies” which make de facto laws through “violations” that rob us of
freedom. There is no clearer example at the moment than the FDA, which
has brought in near-total food
control. The FDA is working in concert with a global agenda
being foisted upon us through the Codex
Alimentarius commission in Europe which essentially renders
anything healthy as toxic, and all that is toxic as healthy.
Regulatory agencies in the United States have engendered a system where the corporate-government
revolving door leads to corruption and consolidation — not free markets.
The current regulations are opposed to the principles of freedom and
independence, and favor only those in positions to make money from more
control; so more control and less freedom is what we can expect under these
federal directives controlling the states.
7.
President declares war unilaterally: Despite the parade of
lies that led to wars in Iraq and Afghanistan, it pales in
comparison with the new war in Libya and other interventions and sanctions
throughout the Middle East and North Africa. Through Executive Orders,
outlined above, the President can declare war so long as there is a resolution
passed by Congress. This has been dispensed with through Obama’s
illegal wars, and it appears that Congress could go even further
by ceding its power completely to the president. The disregard for
Congressional approval is already dictatorial, but if this last step is taken
we will effectively be living in a permanent
state of war tantamount to WWIII that will be controlled at the
sole discretion of the current and future presidents. This unilateral
power to drag nations into war without checks and balances is a hallmark of
dictatorships where entire countries are swept along purely by the ideology of
their leader. As Ron Paul and Lew Rockwell have
stated, “We have a dictatorship when it comes to foreign
policy.” With the latest development, it is actually a dictatorship when
it comes to domestic
policy as well, since America’s espionage network has turned
inward, and this new presidential power would not be limited to overseas
actions.
8. Torture:
Torture has long been a tactic used by America. In fact it runs the
leading school on its methods. The School
of the Americas has been responsible for training Latin American
dictators and their thugs on how to intimidate the local population and rule
with an iron fist. However, the torture debate has hit mainstream media in
a serious discussion about its effectiveness, especially following the
assassination of Osama bin Laden. Aside from the despicable morals
involved, torture
doesn’t work for intelligence gathering, according to
experts. Furthermore, the legalization of torture was what really brought
the dreaded Russian
secret police out into the open. When such a declaration is
made, it is literally a recruiting strategy to find the criminals and sadists
who would love to be part of such a system. Torture is not normal work
for normal people; it is the work of psychopaths such as Dick
Cheney who loves the tactic of waterboarding so much that he has
stated it should be brought back and used more widely. No nation that
uses torture to obtain confessions can be called legitimate. It is only used as
a tool of intimidation and oppression by totalitarian regimes.
9. Forced
labor camps (gulags): This is when we know that a totalitarian society
has arrived in full and our society is run completely by coercion. As Naomi
Wolf has illustrated, “With its jails in Iraq and Afghanistan,
and, of course, Guantánamo in Cuba, where detainees are abused, and kept
indefinitely without trial and without access to the due process of the law,
America certainly has its gulag now.” Additionally, a silent gulag has
already been created inside America, starting with the nation’s prisoners who
are increasingly locked up within a for-profit
prison-industrial system that makes money both on the construction
of prisons as well as the cheap
labor force. The Defense Department itself pays
prisoners 23 cents per hour to build its weapons systems, which is clearly
a type of slave labor. One might immediately argue that there is a huge
difference between real prisoners and innocent people swept off the streets as
they were in Stalinist Russia, for example, or in modern day North Korea and
China. That is to presume, however, that everyone in prison is guilty;
and, if they are, that the crimes which have sent them there really constitute
offenses worthy of prison sentences. America has the world’s
largest prison population and the highest
incarceration rate precisely because nearly everything is a
jail-time crime, and there is money to be made by the growing corporate prison
system. The War on Drugs alone has led to a disproportionate number of
inmates for non-violent offenses among the already 2.4 million in jail and the
5 million on probation. With the economy imploding, even debtors
prisons have made a comeback. Although FEMA camps are still relegated to fringe conspiracy
theory, we should be wary of the potential endgame for such a
proven system of oppression. Through Continuity
of Government, national emergency directives would openly suspend
the Constitution and could possibly lead once
again to internment camps in America.
10. Control
over all communications (propaganda): Once the physical
framework of dictatorial control has been set up, then the justification for
its continued presence can commence. The type of high-tech control grid
now put into place in The United States to this point has only been explored in
works of fiction such as 1984, which has led Paul
Craig Roberts to draw a correct parallel. A public emergency
announcement system has in fact been in place since the ’50s, whereby the
president can interrupt television and radio to deliver critical
messages. However, this has been recently expanded as the FCC
voted to mandate (PDF) “the first-ever Presidential alert to be
aired across the United States on the Nation’s Emergency Alert System (EAS),”
Now, with the arrival of the trackable smartphone that can
be hijacked to bring government messages (emergency or not) we
find ourselves “willing” participants in a scenario reaching far beyond 1984. Using the bin Laden assassination and the
threat of guaranteed reprisal, the government has announced that the president
will break into these private networks to carry PLAN
government messages and warnings; and there is no opt-out. At the
same time, we have seen the buildup in rhetoric leading toward Internet
control. As always, an unsavory element of society
(pirating) has been used as one of the pretexts to introduce government control
over private industry, while cybersecurity lays claim to total control over the
infrastructure for national emergencies. Ideologically, Obama advisor,
Cass Sunstein, has proposed a fairness
doctrine for the Internet that would enable a government overlay
on private websites that would offer counter opinions to anti-establishment
content. We are approaching a situation worse
than China, where both mental intrusion via propaganda and
physical intrusion via systems control are merging. It is not comforting
to know, also, that the president made a shocking claim recently that he
can censor unclassified documents. There is clearly a
concerted effort to take over all forms of information, permitting the
government to alter it or censor it before consumption by its citizens.
In any other country we would call this a dictatorship.
It would
appear that the United States should be a called a dictatorship based on the
above criteria. Once the atmosphere is established, average participants need
not be part of a conspiracy, as they tend to unquestioningly go with the flow.
However, we must acknowledge that the U.S. is in a vastly different
position than totalitarian regimes of the past, as well as her contemporaries.
America has a history that is built upon the foundation of resistance to
dictators. This memory needs to be invoked by following the protections
outlined in our founding documents, particularly the power of the states to
resist Federal tyranny. The protections therein can be restored once we
have the courage to admit how much freedom we have lost, then refuse to succumb
to a fear-based perception of reality. Only then will Liberty, Love and
Peace prevail!’
Ex-French-first lady: Sarkozy baby news wonderful (AP) [ The
big question swirling around Europe, ‘Who’s the papa?’. ]
Diana
film causes stir at Cannes
“Unlawful Killing” has a combination of celebrity, controversy and canny
hype-mongering. (Washington Post) [
Let’s not kid ourselves … and, Dodi Fayed’s father was no dope and knew the
score. Indeed, it’s not coincidental that William’s the over-riding favorite of
granny Liz II; after all, Harry’s the bastard son of Hewitt (don’t buy into
their DNA proffer which they did buy – you know, that ‘bloodline thing’).
Moreover, it was reported that Diana had another ‘potential challenger in the
oven’ at the time of her death and we all know how dicey such english affairs
of state can be (ie., Henry VIII, Richard III, etc.). Then there’s the contempt
of Diana for having brought the son of her bosom, Chas, down. Do I think she
said flat out ‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als.
Ultimately, William will require some substantial therapy to sort out this looming conflict. After all, Diana was
his mother. Drudgereport: British woman decapitated in
grocery store; killer flees with head... Cannes: Diana doc slams UK
royals as 'gangsters'... Though having but 5% of the
world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto
bankrupt, fraudulent america also spends more on military than all the nations
of the world combined... fed employees / contractors, cia, all 3 branches of
u.s. gov’t, etc., are included in this evolved american trait of inherent
criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
CRIME
STATISTICS >(america is No. 1).
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
Financialization
and Our Increasingly Unstable Economy Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for
Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by
the frauds on wall street ( and declares with oscar in hand that not one high
level wall street exec has been prosecuted … despite ‘earning’ billiions from
the fraud ). UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
Selling
In May Is Very Good Advice This Year Harding
Stocks
slip after three-day rally (Washington Post) [
Top 3 Reasons Markets Tanked with Oil WSCS…
1) Commodities
and Oil got slaughtered. .. widening trade gap.
2) Insiders
finally getting busted.. but what about what large banks, investment banks, and
mortgage companies did to the US economy…these insider trading cases are
basically sideshows…
Fed
official calls for vigilance (WP)
[ Who’s still buying their
b***s***! Much higher prices / inflation’s already here. 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline’ ] States
face shortfall for retirees (WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Bernanke
prepares to make history (WP) [ He already has! $6 gas acomin’..
hyperinflation as predicted well on the way from over-printing of fiat paper
currency by fed as predicted, etc., Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic
performance of the past ten years, equity valuations are the 2nd largest bubble
in U.S. history... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been artificially manufactured...
·
The change in
accounting rules for the financial sector by FASB has generated massive “false”
account profits beginning in 2009…’
Pension
plan draws ire of workers Proposal
to raise payroll deductions of federal workers could make public sector work
less attractive.
Diary:
Federal workers are raising the roof Treasury
to tap pensions to fund government (Washington Post) [ Most
people thought this to be beyond the realm of possibility; yet, it’s happening
and far worse is yet to come, their desperation being seen in so many ways. As
far as public sector ‘work’ being less attractive, let’s not forget the fact
that these non-productive, over-paid, over-valued public employees, like those
of the u.s. postal service, are otherwise unemployable, and as such, tend to
favor party-campaign benefactors as, ie., fraudulent wall street, etc.. Market's
Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a
secular bear market since 2000 and our Secular
Trend Score (STS) indicates that we remain in the middle stage of its
development :
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png
…
..Butler|Philbrick & Associates
conducted a study
that combined the Shiller CAPE ratio, the Q-Ratio, long-term price deviations
and total return trends. The following graph from DShort.com
displays 15-year actual stock market returns and projected returns since 1900
..
http://static.seekingalpha.com/uploads/2011/5/14/668911-13054033822883-Erik-McCurdy.png
With a couple
of notable exceptions, actual returns have tracked projected returns almost
exactly during the past 110 years. .. this model projects that stocks will
return -0.5% during the next 10 years and 0.6% during the next 15 years..
stocks are likely to produce no gains for the next 15 years. .. However, the
fact remains that stocks are priced to deliver historically poor returns as
investment vehicles for the foreseeable future.
While
valuation-based forecasting models project a poor long-term outlook, chart
analysis and internal data also suggest that the stock market has entered a
period of heightened risk from an intermediate-term perspective. ..
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540340946043-Erik-McCurdy.png
The rally is
now 26 months old and cyclical
bulls that occur during secular bears..
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540342919514-Erik-McCurdy_origin.png
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540344803643-Erik-McCurdy_origin.png
http://static.seekingalpha.com/uploads/2011/5/14/668911-13054034630148-Erik-McCurdy_origin.png
http://static.seekingalpha.com/uploads/2011/5/14/668911-13054034630148-Erik-McCurdy.png
Finally, our
sentiment score recently declined to the lowest level since late 2007,
reflecting an excessive amount of bullish sentiment that leaves the stock
market vulnerable to an abrupt, violent decline.
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540347838945-Erik-McCurdy_origin.png
Lawmakers
rebuff restitution (Washington Post)
Investors in an alleged Ponzi scheme say their pleas for reimbursement
fall on deaf ears. ‘While Allen Stanford was flying high, he and his colleagues
spent more than $10 million on campaign contributions and lobbying
payments to curry favor in Washington. But all that money was diverted from
investors in what authorities have called an elaborate Ponzi
scheme, second only to Bernard
Madoff’s in U.S. history, according to court documents…’ [ No surprise here
from the accomplices / facilitators of frauds such as this which are plentiful
in pervasively corrupt, defacto bankrupt america.
A storm gathers over equities markets (Reuters) Stock
Market: 4 Current Warning Signs
Navin ‘…
1) The 5-year
high in the level of insider corporate stock sales is telling. At 565 sells for
every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be
selling some of their stocks so they can buy new yachts and some of this is
pre-planned. But that ratio — which has spiked recently — is extraordinarily
high, one might even say off-the-chart.
2) Professor
Shiller at Yale figures that the
present price-to-earnings ratio for the Standard & Poor’s 500 is in the
area of 26. The historical average is about 16.
3) The failure
of the financial sector to keep up is a significant negative divergence for the
entire market.
4) Key market
leaders are rolling over in price... ‘
Market's
Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a
secular bear market since 2000 and our Secular
Trend Score (STS) indicates that we remain in the middle stage of its
development (click to enlarge images):
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png
This is an especially great opportunity to sell / take profits
while you still can since there's much worse to come! Remember: ‘Sell in May
and go away! …
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog | It’s now mainstream news that none of the big financial
criminals have been prosecuted. This
is the grim economic
reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar
Selling
In May Is Very Good Advice This Year Harding
24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline’ ] States
face shortfall for retirees (WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
Study:
$2 trillion for infrastructure U.S. is falling dramatically behind in
rebuilding and expanding its transportation network, study says. (Washington
Post) [ As if that was all pervasively
corrupt, defacto bankrupt america was falling behind in. Moreover, even the
simplistic answer, ‘you can’t spend what you don’t have’, is regrettably
inapposite. The problem is, defacto bankrupt america is spending what it
doesn’t really have. More importantly, pervasively corrupt america is spending
what it doesn’t really have on war, and such other manipulations as fraudulent
wall street, most of which is immediately or ultimately a net negative in real
economic terms. Davis ‘This is how we pay
off our current debts and I think bondholders are simply happy to get anything
out of a country that admits it owes $15Tn (1/4 of global GDP) but probably
owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities.
The funniest thing about this (and you have to laugh) is to see Conservative
pundits get on TV and talk about how we need to cut $100Bn worth of
discretionary spending to "fix" this (while continuing to spend $1Tn
on the military and $1Tn on tax cuts for the top 1% each year). There is no
fixing this and even a Republican said you can’t fool all of the people all of
the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘
. … Osama
bin Laden: A dead nemesis perpetuated by the US government ...
5-1-11 / U.S. intelligence is that bin
Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php
ON MAY 1,
2011, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED
OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED
DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN
ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T
WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT
IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A
"REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH
WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST.
Bin Laden's voice was detected regularly until [12-14-01] by
intelligence operatives monitoring radio transmissions in Tora Bora, according
to the Pentagon [details]. Since then,
nothing has been heard from the al-Qa'eda leader ..[Telegraph, 12/28/2001]
Osama bin Laden: A dead nemesis perpetuated by the US government
Osama bin Laden is dead. The news first came from sources in
Afghanistan and Pakistan almost 6 mos ago: the fugitive died in December [2001]
and was buried in the mountains of southeast Afghanistan. Pakistan's president,
Pervez Musharraf, echoed the information. ..
..Osama bin Laden would not have.. remained silent for so long
if he were still alive. He always liked to take credit even for things he had
nothing to do with …[NYT 7-11-02]
FOX News Report: Bin Laden Already Dead
Dionne:
Why did the media fall for Trump? (Washington Post) [ In
addition to being a mobster, trump was / is always a joke and a certifiable
mental case. The real question is why the media continues to fall for
wobama. SEC
urged to ease fundraising rules
(Washington Post) [ REDUNDANT! I
mean come on! Any more ‘easing’ and we’d be in negative territory where they
actually reward you for breaking the rules which is currently the reality in
pervasively corrupt, defacto bankrupt, meaningfully lawless america. Roche 'The
worst part of it ...Obama, who vowed
change, has done almost nothing to fix any of it and in fact continues most of
the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for
Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by
the frauds on wall street ( and declares with oscar in hand that not one high
level wall street exec has been prosecuted … despite ‘earning’ billiions from
the fraud ). UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Defacto bankrupt, fraudulent america also spends more on military
spending than all the nations of the world combined... federal employees /
contractors, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ).
That perverse field of dreams I’ve previously alluded to, the american
nightmare, if you build / contrive war, they will come. And, they do; seals of
them (among others); and when their ‘tours’ are done, it’s murder inc./contract
killing for hire that they’ve won (cia, mob, etc.). The 20th century, the
‘bloodiest century’, not coincidentally referred to as the american century,
brings longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering
which primitive mindset they have mistakenly been conditioned to connect to
their now irretrievably lost success as a nation state; and to the contrary,
has become globally and domestically self-destructive / self-defeating. The
entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of
political desperation and Orwellian opportunism.
U.S.
speeds up direct talks with Taliban
Officials say they hope the negotiations, initiated several months ago,
will enable President Obama to report progress in ending the Afghan war when he
announces troop withdrawals in July. (Washington Post) [ Well, no biggy … after all, they’ve been
reporting and will continue reporting ‘progress’ regardless of the reality and
prospectively why should we expect the truth, particularly in this so called
election cycle. Even MSNBC’s Chris Matthews Admits the CIA is Engaging in
“Psy-Ops” With The Bin Laden Raid Youtube
Bin Laden’s “One Million Page Cache” Will Be Used To
Legitimize Official 9/11 Fable Paul Watson | The
White House claims it has recovered one million pages of data from the Bin
Laden compound.
That’s
exactly what they want … for the benefit of the military industrial complex
that has steadily drained the dwindling resourses of this country to defacto
bankruptcy.
Editorial:
Bin Laden raid no vindication of torture (Washington
Post) [ While I don’t disagree with this Editorial, I do disagree with the
premise; viz., that they truly sought to prevent that ultimate ‘pearl harbor
event’, to ratchet up the war spending / military industrial complex welfare
plan with broad based enthusiasm / support. Even war-monger mccain supports
this which also finds support in international law, treaties, conventions.I can
only wonder what the presence of substantially underrated President General Eisenhower
would have meant, and truly believe this entire debacle and the nation’s
decline would have been avoided. “All
In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His
Remarkable And Unique Warnings Given For Naught” [ I personally believe, and the factual, historical realities
support that President General Eisenhower is without question the most
under-rated president in america’s short-lived history. Is there anyone who
foolishly would believe this man (Ike) of honor, the quintessential General /
Commander in Chief would be sacrificing lives (american among many others) and
treasury for the sake of war profiteers, greed, fraud, etc., as now? ] President Eisenhower’s warned us about the
growing threat from the military-industrial complex – and it’s threat to our
prosperity – 50 years ago. Eisenhower’s
Worst Fears Have Been Realized Washington’s Blog | All in
all it appears that Eisenhower’s worst fears have been realized and his
remarkable and unique warnings given for naught. ….. Indeed, 911 itself; that ‘pearl harbor event’ so sought by
the neo-cons / war mongers still defies explanation (ie., the ‘stand-down
order’, symmetrical implosions, foreknowledge by some {who conveniently ‘missed
the party’ that day}, etc.. Some links, echoing the disbelief akin to the
‘Jessica Lynch’, Tillman, etc., affairs
follow. People must realize that though having but
5% of the world’s population, america can boast 76% of the world’s serial
killers and the highest crime rates in the world by far. That perverse field of
dreams I’ve previously alluded to, the american nightmare, if you build /
contrive war, they will come. And, they do; seals of them (among others); and
when their ‘tours’ are done, it’s murder inc./contract killing for hire that
they’ve won (cia, mob, etc.). The 20th century, the ‘bloodiest century’, not
coincidentally referred to as the american century, brings longings of
nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering
which primitive mindset they have mistakenly been conditioned to connect to their
now irretrievably lost success as a nation state; and, to the contrary, has
become globally and domestically self-destructive / self-defeating. The entire
911 / Bin Laden scenario just doesn’t pass the smell test and reeks of
political desperation and Orwellian opportunism.
Ludicrous Bin Laden “Porno” Claim Harks Back To CIA
Fakery Paul Joseph
Watson | Spooks admitted creating hoax videotapes of Osama talking
about having sex with boys. [ Yeah! This is becoming preposterous and it’s
quite amazing that anyone’s believing anything they say. Next thing you know,
they’ll be saying beyond the porn stash, Bin Laden was a closet Christian. Osama
bin Laden: A dead nemesis perpetuated by the US government ... May
1, 2011 ... U.S. intelligence is that bin
Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php
ON MAY 1,
2011, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED
OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED
DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN
ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T
WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT
IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A
"REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH
WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… [ infra, for article text ]]
FLASHBACK:
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.
A storm gathers over equities markets (Reuters) Wall Street's second weekly fall raises fear of retreat (Reuters) Reuters - Stocks ended a
second week of losses on a down note Friday, reflecting growing worries that
stocks are on the precipice of a pullback. [ Fear? Worries? How ‘bout realities
… the ones the insiders already know … Navin (see infra) ‘…1) The 5-year high
in the level of insider corporate stock sales is telling. At 565 sells for
every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be
selling some of their stocks so they can buy new yachts and some of this is
pre-planned. But that ratio — which has spiked recently — is extraordinarily
high, one might even say off-the-chart…’ ]
Osama
bin Laden: A dead nemesis perpetuated by the US government ... May
1, 2011 ... U.S. intelligence is that bin
Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php
ON MAY 1, 2011, JUST MOMENTS BEFORE
PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE
WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE
ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN
DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… [ See the National / World section, infra, for article text
]
Stock
Market: 4 Current Warning Signs
Navin ‘No one indicator by itself can be trusted. Many indicators
taken as whole, however, can offer valuable guidance when a clear pattern
develops. Right now, that guidance appears to warn about current conditions.
1) The 5-year
high in the level of insider corporate stock sales is telling. At 565 sells for
every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be
selling some of their stocks so they can buy new yachts and some of this is
pre-planned. But that ratio — which has spiked recently — is extraordinarily
high, one might even say off-the-chart.
2) Professor
Shiller at Yale figures that the
present price-to-earnings ratio for the Standard & Poor’s 500 is in the
area of 26. The historical average is about 16. Although p/e’s can
remain elevated for longer than you would imagine, reversion to the mean
eventually takes place. Such a reversion would knock off almost 40% of
current price. From today’s level, that would put the S&P 500 at
about 800. Some shake their heads when I mention this, but it wasn’t too
many months ago that we just broke above that.
3) The failure
of the financial sector to keep up is a significant negative divergence for the
entire market. Tom
Aspray’s charts demonstrate the unfortunate price patterns of some big
banks. I’ve
mentioned this as well, previously. It’s hard to imagine how much further a
rally can go without support from financials.
4) Key market leaders are rolling over in price.
Take a look at Google (GOOG),
one of the hottest stocks going in the recent rally. It appears to have
peaked in January and is unable to set new highs even as the S&P continued
upward. GOOG’s 50-day
moving average has turned downward and has crossed below the 200-day moving
average. This is a significant change of trend. ‘
AIG
to sell Treasury shares The government soon will begin unloading its 92.1
percent ownership stake in the bailout company. (Washington
Post) [ Who’s the unlucky sucker? Ultimately, a pension fund or two or three,
etc., or maybe you or an equally unlucky member of your family. Stock
market on a roll despite slowing economic growth, lingering
unemployment[Also known as reality! Roll … yes, indeed … everyone’s to get
rolled! ] (WP) Dow is up more than 10 percent for 2011, to its highest
point in nearly three years. [ Same bubble scenario preceeding last crash
(including currency manipulation); yet, far worse this time owing to
insurmountable debt and defacto bankruptcy of the nation. Fed
Chairman Bernanke does reality TV
(WP) [ Except the ‘NO-RECESSION HELICOPTER BEN B.S. BERNANKE’ show is
scripted unreality … even with his reduction in estimate for ‘economic growth’,
the frauds on wall street still rallied.
Bernanke
prepares to make history (WP) [ He
already has! $6 gas acomin’, $1,508+ gold, $46+ silver, other commodities at
record levels, hyperinflation as predicted well on the way from over-printing
of fiat paper currency by fed as predicted, etc., Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic
performance of the past ten years, equity valuations are the 2nd largest bubble
in U.S. history... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued according
to this valuation metric. The only time the markets have been more overvalued
was a few brief months in 1929 and the tech bubble
... growth in earnings have been artificially manufactured...
·
The change in
accounting rules for the financial sector by FASB has generated massive “false”
account profits beginning in 2009.
·
The extended (and
then further extended) unemployment benefits have kept an artificially higher
demand for consumer consumption. As a result, the US government has
artificially subsidized corporate profits.
·
The billions saved
through “free loading” by homeowners who have defaulted on their mortgages yet
maintained their residence, thus living without a mortgage payment.
·
The artificially
suppressed interest rates...
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! 24 Signs Of
Economic Decline In America ‘The United States is in the middle of a
devastating long-term economic decline’ ]
States
face shortfall for retirees ]
Getting Defensive in Equities, Aggressive in Fixed Income The Simple Accountant ‘In last week’s outlook we
recommended staying with defensive sectors and fixed income, avoiding commodity
related stocks, and waiting for a bounce before selling commodities short.
Let’s have a look at how those tactics worked, and then try to anticipate what
the next week’s trading might look like.
Week in
Review
Stocks: The major US indexes were little changed on
contracting volume. On Friday the SPX (SPY)
closed below the key short term level of 1340, with which it had been flirting
for over a week. S&P sector action showed a third consecutive week of
defensive rotation as investors moved out of commodity linked stocks and into
perceived safety. Healthcare, consumer staples and utilities led the way again,
while the shares of companies leveraged to economic expansion fell. Financials
were the real laggard, dropping more than 2% on weakness in bank stocks.
Although non-bank blue chip stocks like American Express (AXP)
and Travelers (TRV) have been solid, the financial
sector SPDR (XLF) is now down year to date, and
with a meager yield, its total return is none too impressive.
In foreign stock markets, the MSCI EAFE index dropped more than 2% for a second
consecutive week on broad weakness in the UK, Europe and Japan, but emerging
markets fared a little better thanks to support in Shanghai and strength in
smaller Asian markets such as Singapore and Thailand.
Bonds: The run of falling Treasury yields across the curve was finally
broken, as bond trading was a mixed bag last week. Rates at the short and long
end rose, but fell slightly in the middle. TIPs were marked down a little and
corporate issues did nothing much, in either investment grade or junk ratings.
All in all, nothing to make us excited except munis, which have been on a nice
little run since early April. Some of the European bond markets were a bit more
active on the downside, for the obvious reasons, but emerging market bonds
posted modest gains.
Commodities: After heavy losses in the previous week, commodities
found some bids as bargain hunters came in to buy, but trading was volatile.
Gold, silver and oil saw the most action and buying interest, but copper and
the grains continued to extended previous losses, with the former breaking the
200 day MA and the latter sitting just above. If you subscribe to the theory
that copper prices are a leading indicator for the economy, this is worth
noting.
Currencies: The US Dollar index recorded another week of gains,
breaking the 50 day MA to finish at 75.78 at Friday’s close. The euro index
sold off again but remains above the 140 level for now. The Aussie and Canadian
dollars both fell but remain above parity to the greenback at 105.76 and 103.26
respectively. Yen was off slightly.
The Week Ahead
Stocks: With earnings season largely behind us, the market is looking
at the macro picture and getting defensive. Even the normally bullish Ken
Fisher is quoted by Reuters as saying “expectations for the stock market are a
bit on the high side” (contrary to popular belief, Fisher is not a perma-bull
and actually makes some good calls on the market). Certainly there are signals
that have to give us cause for concern:
- Economic headwinds from high oil prices
- Falling bond yields
- Ongoing weakness of banks
- Few signs of a recovery in residential real
estate
- Continued high unemployment
- Political pressure for fiscal consolidation
This is potentially a stagflationary brew, but it has
been with us for some time, and stocks have overcome it to this point. Why
should it be different now? Ken Fisher hit on the concern: we’ve come a long
way since the March 2009 bottom,and many stocks are priced, not for perfection,
but for much less forgiving forward growth expectations. Perhaps it should not
surprise us that defensive sectors are leading the market, as the broader
indexes struggle to make headway.
Last week we said investors need to start adapting to a new market environment
which is likely to be more volatile, and would place a premium on stock
selection, sector rotation and timing. We detailed some of that movement above
in our review of last week: while XLF is down 1% year to date, TRV is up over
12% and AXP more than 16%. To give another example, if you are in stocks
through an index vehicle like SPY, you’re up only 6.5%, but XLV is up 14.5% and
XLP 9.5%.
It may seem like we are cherry picking results like these in hindsight, but the
simple point is this: Whatever method you use, have a plan and hold leading
stocks and sectors that are acting well, and sell those that aren't. This is
particularly important in tax advantaged accounts. Even if you pick up only 2-3
extra points a year net of expenses this will help to build your portfolio in
the long run.
click on all charts to enlarge:
http://static.seekingalpha.com/uploads/2011/5/14/220228-130541053554117-The-Simple-Accountant.png
Bonds: So far so good for bond holders. Our analysis for some time has been
that we like what we have bought at attractive yield-on-cost, but it’s getting
quite difficult to find reasonable yield for new money at current prices. Among
popular bond ETFs, a buyer at last week’s closing price would only get around
2.5% in AGG, 3.2% in TLT and 3.5% in LQD. Not very
impressive and difficult to produce an attractive income stream at those rates
so, as with equities, we have been forced to adapt to the market environment.
My strategy going forward in the fixed income portfolio is going to shift to
more active management. We will be adding high yield and preferred securities
but with a very strict sell discipline to preserve capital. Sometimes the
market just makes you work harder for your money.
http://static.seekingalpha.com/uploads/2011/5/14/220228-130541104590747-The-Simple-Accountant_origin.png
Commodities: We’ve seen a big selloff followed by some developing
support in the hottest commodity sectors. My take on this action is that it’s
still a short term trader’s market, and since that’s not my style, they can go
at it while I stay on the sidelines. For me the real signals are in the
industrial metals: aluminum, copper and steel, and in the grains. Those are
signaling weakness. On a fundamental level commodities are still expensive, and
with signs that near term growth may be slowing, there is room for prices to
fall farther. On a longer term macro level, I have little doubt the price trend
will be up, which is why my strategy as stated last week is not to short
commodities but to look for more attractive prices to go long. We’re not there
yet, not even close.
http://static.seekingalpha.com/uploads/2011/5/14/220228-130541126175833-The-Simple-Accountant_origin.png
Currencies: We have a developing rally in the US Dollar index with the
close above the 50 day and the recent down trend broken. There is plenty of
skepticism but on both a fundamental and a technical basis it seems to me this
move could have legs. Fundamentally, I have long been a euro skeptic and see
nothing to change my view there - the news only gets worse over time. With
China actively draining excess liquidity and the impending end of QE in the US,
the commodity currencies are early in an overdue correction. Japan is under
pressure to cap the rise in the Yen. With this landscape, we have a reasonable
possibility of a 78 - 82 range for the Dollar index this summer.
http://static.seekingalpha.com/uploads/2011/5/14/220228-130541158885356-The-Simple-Accountant_origin.png
Disclosure: I have no positions in any stocks mentioned, and
no plans to initiate any positions within the next 72 hours
Market's
Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a
secular bear market since 2000 and our Secular
Trend Score (STS) indicates that we remain in the middle stage of its
development (click to enlarge images):
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png
The STS has
yet to even approach positive territory since the last secular sell signal was
issued in late 1999, suggesting that the start of the next secular bull market
is still several years away. Highly reliable valuation-based models that
forecast future market returns using data such as the Shiller
cyclically-adjusted price-to-earnings (CAPE) ratio confirm the long-term
outlook provided by our STS.
For example,
Adam Butler and Mike Philbrick of Butler|Philbrick
& Associates conducted a study
that combined the Shiller CAPE ratio, the Q-Ratio, long-term price deviations
and total return trends. The following graph from DShort.com
displays 15-year actual stock market returns and projected returns since 1900
using the Butler/Philbrick model.
http://static.seekingalpha.com/uploads/2011/5/14/668911-13054033822883-Erik-McCurdy.png
With a couple
of notable exceptions, actual returns have tracked projected returns almost
exactly during the past 110 years. Currently, this model projects that stocks
will return -0.5% during the next 10 years and 0.6% during the next 15 years.
In other words, stocks are likely to produce no gains for the next 15 years. Of
course, the stock market is likely to go nowhere in an interesting way,
experiencing violent advances and declines as the secular bear market moves
into the final phase of its development. However, the fact remains that stocks
are priced to deliver historically poor returns as investment vehicles for the
foreseeable future.
While
valuation-based forecasting models project a poor long-term outlook, chart
analysis and internal data also suggest that the stock market has entered a
period of heightened risk from an intermediate-term perspective. The current
cyclical bull market from March 2009 has been an extreme move, resulting in a
doubling of the S&P 500 index during the course of 24 months.
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540340946043-Erik-McCurdy.png
The rally is
now 26 months old and cyclical
bulls that occur during secular bears have an average duration of 33
months. The last cyclical uptrend that followed a market crash occurred in 1974
and had a duration of 23 months, so it would not be unusual for the current
advance to terminate during the next few months.
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540342919514-Erik-McCurdy_origin.png
Additionally,
market internals continue to negatively diverge from price behavior, indicating
that the rally is gradually losing buying support. For example, volume
summation continues to hold near recent lows following the sharp decline in
February and breadth summation has been moving sideways for the past year.
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540344803643-Erik-McCurdy_origin.png
http://static.seekingalpha.com/uploads/2011/5/14/668911-13054034630148-Erik-McCurdy_origin.png
http://static.seekingalpha.com/uploads/2011/5/14/668911-13054034630148-Erik-McCurdy.png
Finally, our
sentiment score recently declined to the lowest level since late 2007,
reflecting an excessive amount of bullish sentiment that leaves the stock
market vulnerable to an abrupt, violent decline.
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540347838945-Erik-McCurdy_origin.png
Valuation-based
forecasting models leave little doubt that stocks are priced to deliver very
poor long-term returns and the cyclical bull market from 2009 is an extreme
move that will almost certainly be followed by a violent correction. At a
current duration of 26 months, the cyclical uptrend has reached the age range
within which rallies typically end when they occur during secular bear markets
and market internals and sentiment are not supportive of additional gains, so
stocks currently offer a poor risk/reward ratio as both investing and trading
vehicles.’
Market
Outlook: Are We Dealing With Ursa Major or Ursa Minor?
Red
Flags Everywhere Nyaradi ‘Red flags are flying everywhere as we travel farther
into the “sell in May and go away” period of the year.” We remain in a
defensive posture and continue to enjoy unrealized gains in our inverse ETF
positions and put options.
On My
Radar
Volatility was
the name of the game last week and we can expect more ahead as we enter the
seasonally difficult “worst six months of the year” according to the “sell in
May and go away” slogan.
The View
From 35,000 Feet
Lots of
exciting things are going on around us as we head into late spring.
Here’s just a quick
executive summary with my thoughts in parenthesis:
1. United
States will reach its debt ceiling limit on Monday. (This one is
making markets really nervous as witnessed by Friday’s action.) Everyone
expects Congress to raise the ceiling but the Republican and Tea Party
insistence on meaningful budget cuts first puts an unusual level of stress on
this round of talks and turns it into a very high stakes game of chicken.
2. On
Friday it was announced that Medicare and Social Security are in worse shape than
previously thought and will be unable to cover their current obligations
earlier than expected. Medicare is expected to be out of money by
2024, five years earlier than expected, Social Security will exhaust its trust
by 2036 and the disability insurance program will be underwater by 2018. (No
surprises here and this ties back to item #1 as it’s going to get ugly no
matter what Congress does or doesn’t do.)
3. The
commodity selloff continues as the dollar gains. (Much of the recent
rally in commodities and equities was fueled by the Fed easy money policy and
weaker dollar. With QE2 coming to an end and a possibly stronger dollar ahead,
this could be a game changer for “buy the dip” strategies in both asset
classes.)
4. There
has been a significant rotation into “defensive” sectors like utilities and
consumer stocks. (This typically indicates money leaving “risk” assets
and often portends market declines)
As I mentioned
at the outset, “sell in May” is a proven, valid slogan because statistically
the months from the end of October through the end of April, are in fact the
best months of the year for investing while the six months from May through
October are the “worst.”
One of the
best sources of information on this subject comes from my friend, Jeffrey Hirsch,
at “Stock Trader’s Almanac”
where he has developed a trading indicator based on this seasonality and the
historical returns it has generated.
Let’s take a
look at some of “Stock Traders Almanac’s” findings:
- On a historical basis, the research indicates
that the market generates better rates of return from November through
April than from May through October. And the difference is significant.
- Over a 60 year period, if you had invested on
May 1st and closed your position at the end of October, you would have
lost money. On the other hand, if you had invested only in the “six good
months” you would have made money over the same time.
- A $10,000 investment in 1950 invested during the
“best six months” of the year would have grown to approximately $500,000
today while a $10,000 investment in the worst six months (May through
October) would have lost money and so the best six months yielded a 7.4%
annual gain compared to a loss in the worst six months.
- If you invested in just the six good months of
the year, you would have beaten the overall return of the major indexes
while having been invested for only half the time, thereby reducing your
market risk and freeing up your assets to earn interest in low risk money
market or Treasury investments.
Finally for the week, one of the most sobering
reports that received wide coverage in the blogosphere and mainstream media was
the announcement by well known and widely respected analyst Jeremy Grantham who
said that the market is currently 40% overvalued which would relate to 920 on
the S&P 500 and that the current environment was too high risk for a
prudent investor.
Weekly Developments:
Positive: Initial unemployment claims declined, continuing claims were mostly
flat, and Michigan Consumer Sentiment rose to 72.4 from 69.8
Negative: Consumer prices and producer prices both rose substantially, indicating
that inflation might be coming back more into the picture (we have been
expecting this for sometime) and retail sales, although posting a gain, came in
lower than the previous month’s report and below expectations, indicating
ongoing weakness in the all important consumer sector.
What This All Means To You
What this means to us is that risk is running high in
the markets and the chance of a significant correction is relatively high for
the period between here and Halloween. Fundamentals continue to weaken and
technical indicators are flashing red. The reduction of support by Dr. Bernanke
and his colleagues at the Fed is a major factor going forward from here and
could yield significant volatility and downward pressure in equities and
commodities.
The Week Ahead
Major Issues/Themes: Lots of important economic reports will come our way
this week and be potential market movers, but the big thing to pay attention to
is what happens in Congress with the budget negotiations and how markets
respond to those talks and Treasury Secretary Geithner’s “extraordinary”
measures to keep the U.S. from default between now and the early August drop
dead date.
Monday: May Housing Market Index,
Tuesday: April Housing Starts, April Building
Permits, April Industrial Production
Thursday: Initial Unemployment Claims, Continuing
Claims, April Existing Home Sales, May Philadelphia Fed, April Leading Indicators
Sector Spotlight
Leaders: (NYSEArca: EPU) Peru, (NYSEArca: IBB) Biotech
Laggards: (NYSEArca: TUR) Turkey,
(NYSEArca: EWP) Spain’
This is an especially great opportunity to sell / take profits
while you still can since there's much worse to come! Remember: ‘Sell in May
and go away! …
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog | It’s now mainstream news that none of the big financial
criminals have been prosecuted. This
is the grim economic
reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler ( I quite agree … overvalued to the
hilt in this new manipulated bubble …
at the least a 'sell in May and go away', but 'don't be mentally ill,
sell in April!' ) Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic
performance of the past ten years, equity valuations are the 2nd largest bubble
in U.S. history... the cause and the potential ramifications of this are astounding. . According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble. [chart http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png ]
Exhibit 2: The Q ratio, which measures total market value compared to
its replacement cost.
The Q-ratio data in the chart below dates back to 1900. According to the
data, the markets have now surpassed the 1929 peak valuation by over 8%.
[chart http://static.seekingalpha.com/uploads/2011/4/12/saupload_q_ratio_thumb1.png ]
… bubbles turn a believable story/trend into an overvaluation. In the 1700s
during the South Sea Bubble...Railroading prospects induced a bubble in the
late 1800s ... In the 1920s, a bubble …
A similar life-changing invention – the Internet – swept the attention of
investors in the 1990s ...
What is the story today? The prospect of inflation? High unemployment?
Exhibit 3: The gap between projected 12-month earnings against the
10-year average
... the market is stretching this reversion greater than 2000 and
2007!
[chart http://static.seekingalpha.com/uploads/2011/4/12/saupload_gap_between_12_month_average_thumb1.png ]
... growth in earnings have been artificially manufactured...
·
The change in
accounting rules for the financial sector by FASB has generated massive “false”
account profits beginning in 2009.
·
The extended (and
then further extended) unemployment benefits have kept an artificially higher
demand for consumer consumption. As a result, the US government has
artificially subsidized corporate profits.
·
The billions saved
through “free loading” by homeowners who have defaulted on their mortgages yet
maintained their residence, thus living without a mortgage payment.
·
The artificially
suppressed interest rates.
So, not only do we have a valuation bubble, but the earnings on which
the projections are based are non-sustaining... same overvaluation situation as
a few years ago … nothing fixed ...'
Davis ‘… This is how we pay off our current
debts and I think bondholders are simply happy to get anything out of a country
that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn
(entire global GDP) in the form of unfunded liabilities. The funniest thing
about this (and you have to laugh) is to see Conservative pundits get on TV and
talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ .
Zimbabwe
Says Days Of The US Dollar Are Numbered, Pushes For Gold-Backed Local Currency [ When you reach the point when classic
Weimar-zimbabwe-land though kindred ‘wobama the b’ (for b***s***) spirit
jive-talkers can legitimately and correctly say the dollar’s done, you know
you’ve reached the bottom, marking the end of the once great, now pervasively
corrupt, fallen, and defacto bankrupt america.
] Topping off a weekend of surreal news is the announcement from the
Central Bank of Zimbabwe that the country is now evaluating introducing a
gold-backed Zimbabwean dollar, and, in keeping with the Salvador Dali feel to
the past 48 hours, that the “days of the US dollar as the world’s reserve
currency are numbered.”
D.C.
area foreclosures decline The number of homes that entered foreclosure is
down by 56 percent. (Washington Post) [
I’d say that’s a direct consequence of the flawed paperwork debacle and being
in close geographic proximity to ‘those in d.c.’ who are supposed to be
watching these things (the same federal circuit – lots of political pressure).
Don’t worry however, there are plenty more to come!
Wall Street's second weekly fall raises fear of retreat (Reuters)
Stocks ended a second week of losses on a down note Friday, reflecting
growing worries that stocks are on the precipice of a pullback. [ Fear?
Worries? How ‘bout realities … the ones the insiders already know … Stock
Market: 4 Current Warning Signs
Navin ‘No one indicator by itself can be trusted. Many indicators
taken as whole, however, can offer valuable guidance when a clear pattern
develops. Right now, that guidance appears to warn about current conditions.
1) The 5-year
high in the level of insider corporate stock sales is telling. At 565 sells for
every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be
selling some of their stocks so they can buy new yachts and some of this is
pre-planned. But that ratio — which has spiked recently — is extraordinarily
high, one might even say off-the-chart.
2) Professor
Shiller at Yale figures that the
present price-to-earnings ratio for the Standard & Poor’s 500 is in the
area of 26. The historical average is about 16. Although p/e’s can
remain elevated for longer than you would imagine, reversion to the mean
eventually takes place. Such a reversion would knock off almost 40% of
current price. From today’s level, that would put the S&P 500 at
about 800. Some shake their heads when I mention this, but it wasn’t too
many months ago that we just broke above that.
3) The failure
of the financial sector to keep up is a significant negative divergence for the
entire market. Tom
Aspray’s charts demonstrate the unfortunate price patterns of some big
banks. I’ve
mentioned this as well, previously. It’s hard to imagine how much further a
rally can go without support from financials.
4) Key market
leaders are rolling over in price. This is a significant change of
trend. ‘ Selling
In May Is Very Good Advice This Year Harding
Stocks
slip after three-day rally (Washington Post) [
Top 3 Reasons Markets Tanked with Oil WSCS‘DJI -1.02% SP500 -1.11% Nasdaq -0.93%
Gold -0.82% Oil -4.63% at $98.88.
Gold sold off ..Silver lost over 8%.
1) Commodities
and Oil got slaughtered. .. widening trade gap.
2) Insiders finally
getting busted... 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline’ ] States
face shortfall for retirees (WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. ]
Pay
credit cards or mortgage? (Washington Post) [ How ‘bout none of the above! That’s certainly a coming reality
if not already there. Things are far worse than reported and the worst yet to
come.] As Americans unload more than
$100 billion in debt leftover from the heady days of the economic boom, many
households face a daunting question. Wall Street's second weekly fall raises fear of retreat (Reuters) Stocks
ended a second week of losses on a down note Friday, reflecting growing worries
that stocks are on the precipice of a pullback. [ Fear? Worries? How ‘bout
realities … the ones the insiders already know … Navin (see infra) ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to
be selling some of their stocks so they can buy new yachts and some of this is
pre-planned. But that ratio — which has spiked recently — is extraordinarily
high, one might even say off-the-chart…’
28
Statistics About The Gutting Of The U.S. Economy That Will Blow Your Mind ‘Red alert! Over 40 billion dollars of
America’s national wealth is being shipped out of the country every single
month. Our economy is being gutted and we are bleeding wealth and we are bleeding
jobs. The
American Dream 5-11-11
Red alert! Over 40 billion
dollars of America’s national wealth is being shipped out of the country every
single month. Our economy is being gutted and we are bleeding wealth and
we are bleeding jobs. This is a distress call. Is anyone
listening? Thousands of our factories and millions of our jobs are being
shipped overseas. Over the past decade over 6 trillion dollars have been
transferred into the hands of foreigners. Our national government is so
broke that they constantly have to go and beg those foreigners to lend us back
some of that money in order to finance our exploding debt. The number of good
jobs continues to decline and there are millions upon millions of my countrymen
that are unemployed. Can anybody help us? Mayday! Mayday! Mayday!Sadly,
the vast majority of Americans really are dead asleep on this issue... ‘ Selling
In May Is Very Good Advice This Year Harding
Stocks
slip after three-day rally (Washington Post) [
Top 3 Reasons Markets Tanked with Oil
1) Commodities
and Oil got slaughtered. .. widening trade gap.
2) Insiders
finally getting busted.. but what about what large banks, investment banks, and
mortgage companies did to the US economy…these insider trading cases are
basically sideshows…
24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline’ ] States
face shortfall for retirees (WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. ]
Diana
film causes stir at Cannes
“Unlawful Killing” has a combination of celebrity, controversy and canny
hype-mongering. (Washington Post) [
Let’s not kid ourselves … and, Dodi Fayed’s father was no dope and knew the
score. Indeed, it’s not coincidental that William’s the over-riding favorite of
granny Liz II; after all, Harry’s the bastard son of Hewitt (don’t buy into
their DNA proffer which they did buy – you know, that ‘bloodline thing’).
Moreover, it was reported that Diana had another ‘potential challenger in the
oven’ at the time of her death and we all know how dicey such english affairs
of state can be (ie., Henry VIII, Richard III, etc.). Then there’s the contempt
of Diana for having brought the son of her bosom, Chas, down. Do I think she
said flat out ‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als.
Ultimately, William will require some substantial therapy to sort out this looming conflict. After all, Diana was
his mother. Drudgereport: British woman decapitated in
grocery store; killer flees with head... Cannes: Diana doc slams UK
royals as 'gangsters'... Though having but 5% of the
world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto
bankrupt, fraudulent america also spends more on military than all the nations
of the world combined... fed employees / contractors, cia, all 3 branches of
u.s. gov’t, etc., are included in this evolved american trait of inherent
criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
CRIME STATISTICS >(america
is No. 1).
|
Rank |
|
||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
Financialization
and Our Increasingly Unstable Economy Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for
Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by
the frauds on wall street ( and declares with oscar in hand that not one high
level wall street exec has been prosecuted … despite ‘earning’ billiions from
the fraud ). UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
In
Greece, austerity and discontent
Anarchist movement is resurgent as the nation’s financial woes kindle
deep frustration and threaten a breakdown in the rule of law. (Washington
Post) [ Coming to a state near you
… Greece
launches massive fire sale to service growing debt as riot police clash with
violent protesters A general strike held today has seen most public
services grind to a halt across the country, while thousands marched through
Athens to protest against harsh austerity measures. Stock
Market: 4 Current Warning Signs
Navin ‘No one indicator by itself can be trusted. Many indicators
taken as whole, however, can offer valuable guidance when a clear pattern
develops. Right now, that guidance appears to warn about current conditions.
1) The 5-year
high in the level of insider corporate stock sales is telling. At 565 sells for
every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be
selling some of their stocks so they can buy new yachts and some of this is
pre-planned. But that ratio — which has spiked recently — is extraordinarily
high, one might even say off-the-chart.
2) Professor
Shiller at Yale figures that the
present price-to-earnings ratio for the Standard & Poor’s 500 is in the
area of 26. The historical average is about 16. Although p/e’s can
remain elevated for longer than you would imagine, reversion to the mean eventually
takes place. Such a reversion would knock off almost 40% of current
price. From today’s level, that would put the S&P 500 at about 800.
Some shake their heads when I mention this, but it wasn’t too many
months ago that we just broke above that.
3) The failure
of the financial sector to keep up is a significant negative divergence for the
entire market. Tom
Aspray’s charts demonstrate the unfortunate price patterns of some big
banks. I’ve
mentioned this as well, previously. It’s hard to imagine how much further a
rally can go without support from financials.
4)
Key market leaders are rolling over in price. Take a look at Google (GOOG),
one of the hottest stocks going in the recent rally. It appears to have
peaked in January and is unable to set new highs even as the S&P continued
upward. GOOG’s 50-day
moving average has turned downward and has crossed below the 200-day moving
average. This is a significant change of trend. ‘ ]
Pakistan after Bin Laden? NYTimes.com You’re talking about the
last decade … Wake up! ( see infra)
Pakistani
spy chief apologetic, but defiant (Washington Post) Amid public outrage over the U.S. operation
that killed Osama bin Laden, Lt. Gen. Ahmed Shuja Pasha apologizes before
Parliament and offers to resign...’ [
Osama
bin Laden: A dead nemesis perpetuated by the US government ... May
1, 2011 ... U.S. intelligence is that bin
Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php
ON MAY 1,
2011, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED
OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED
DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY
DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT
AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS
POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A
"REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH
WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST.
Bin Laden's voice was detected regularly until [14 December
2001] by intelligence operatives monitoring radio transmissions in Tora Bora,
according to the Pentagon [details]. Since then,
nothing has been heard from the al-Qa'eda leader and President Bush has hinted
in private that bin Laden's silence could mean he has been killed. [Telegraph, 12/28/2001]
Osama bin Laden: A dead nemesis perpetuated by the US government
Osama bin Laden is dead. The news first came from sources in
Afghanistan and Pakistan almost six months ago: the fugitive died in December
[2001] and was buried in the mountains of southeast Afghanistan. Pakistan's
president, Pervez Musharraf, echoed the information. The remnants of Osama's
gang, however, have mostly stayed silent, either to keep Osama's ghost alive or
because they have no means of communication.
With an ego the size of Mount Everest, Osama bin Laden would not
have, could not have, remained silent for so long if he were still alive. He
always liked to take credit even for things he had nothing to do with. Would he
remain silent for nine months and not trumpet his own survival? [New York Times. July 11, 2002]
FOX News Report: Bin Laden Already Dead
Usama bin Laden has died a peaceful
death due to an untreated lung complication, the Pakistan Observer reported, citing a Taliban leader who
allegedly attended the funeral of the Al Qaeda leader.
Bin Laden has often been reported to be in poor health. Some
accounts claim that he is suffering from Hepatitis C, and can expect to live
for only two more years. According to Le Figaro, last year [2000] he ordered a
mobile dialysis machine to be delivered to his base at Kandahar in Afghanistan.
[Guardian]
Peter Bergen: Bin Laden has aged 'enormously'
This is a man who was clearly not well. I mean, as you see from
these pictures here, he's really, by December [2001] he's looking pretty
terrible…’ ]
Even MSNBC’s Chris Matthews Admits the CIA is Engaging in
“Psy-Ops” With The Bin Laden Raid Youtube |
Matthews says that the CIA is using “psy-ops” to put out “little colonels of
information” .
Bin Laden’s “One Million Page Cache” Will Be Used To
Legitimize Official 9/11 Fable Paul Watson | The
White House claims it has recovered one million pages of data from the Bin
Laden compound.
Ludicrous Bin Laden “Porno” Claim Harks Back To CIA
Fakery Paul Joseph
Watson | Spooks admitted creating hoax videotapes of Osama talking
about having sex with boys. [ Yeah! This is becoming preposterous and it’s
quite amazing that anyone’s believing anything they say. Next thing you know,
they’ll be saying beyond the porn stash, Bin Laden was a closet Christian. Osama
bin Laden: A dead nemesis perpetuated by the US government ... May
1, 2011 ... U.S. intelligence is that bin
Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php
ON MAY 1, 2011, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED
THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME
UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS
THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE
WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED
FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO
STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED
STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… [ infra, for
article text ]]
Wall Street's second weekly fall raises fear of retreat (Reuters)
Reuters - Stocks ended a second week of losses on a down note Friday,
reflecting growing worries that stocks are on the precipice of a pullback. [
Fear? Worries? How ‘bout realities … the ones the insiders already know … Navin
(see infra) ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s
normal for insiders to be selling some of their stocks so they can buy new
yachts and some of this is pre-planned. But that ratio — which has spiked
recently — is extraordinarily high, one might even say off-the-chart…’ ]
Osama
bin Laden: A dead nemesis perpetuated by the US government ...
May
1, 2011 ... U.S. intelligence is that bin
Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php
ON MAY 1, 2011, JUST MOMENTS BEFORE
PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE
WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK.
THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF
2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW
PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE
OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL
QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE
EAST… [ See the National / World section, infra, for article text ]
Stock
Market: 4 Current Warning Signs
Navin ‘No one indicator by itself can be trusted. Many indicators
taken as whole, however, can offer valuable guidance when a clear pattern
develops. Right now, that guidance appears to warn about current conditions.
1) The 5-year
high in the level of insider corporate stock sales is telling. At 565 sells for
every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be
selling some of their stocks so they can buy new yachts and some of this is
pre-planned. But that ratio — which has spiked recently — is extraordinarily
high, one might even say off-the-chart.
2) Professor
Shiller at Yale figures that the
present price-to-earnings ratio for the Standard & Poor’s 500 is in the
area of 26. The historical average is about 16. Although p/e’s can
remain elevated for longer than you would imagine, reversion to the mean
eventually takes place. Such a reversion would knock off almost 40% of
current price. From today’s level, that would put the S&P 500 at about
800. Some shake their heads when I mention this, but it wasn’t too many
months ago that we just broke above that.
3) The failure
of the financial sector to keep up is a significant negative divergence for the
entire market. Tom
Aspray’s charts demonstrate the unfortunate price patterns of some big
banks. I’ve
mentioned this as well, previously. It’s hard to imagine how much further a
rally can go without support from financials.
4) Key market leaders are rolling over in price.
Take a look at Google (GOOG),
one of the hottest stocks going in the recent rally. It appears to have
peaked in January and is unable to set new highs even as the S&P continued
upward. GOOG’s 50-day
moving average has turned downward and has crossed below the 200-day moving
average. This is a significant change of trend. ‘
AIG
to sell Treasury shares The government soon will begin unloading its 92.1
percent ownership stake in the bailout company. (Washington
Post) [ Who’s the unlucky sucker? Ultimately, a pension fund or two or three,
etc., or maybe you or an equally unlucky member of your family. Stock
market on a roll despite slowing economic growth, lingering unemployment[Also
known as reality! Roll … yes, indeed … everyone’s to get rolled! ] (WP) Dow is
up more than 10 percent for 2011, to its highest point in nearly three
years. [ Same bubble scenario preceeding last crash (including currency
manipulation); yet, far worse this time owing to insurmountable debt and
defacto bankruptcy of the nation. Fed
Chairman Bernanke does reality TV
(WP) [ Except the ‘NO-RECESSION HELICOPTER BEN B.S. BERNANKE’ show is
scripted unreality … even with his reduction in estimate for ‘economic growth’,
the frauds on wall street still rallied.
Bernanke
prepares to make history (WP) [ He
already has! $6 gas acomin’, $1,508+ gold, $46+ silver, other commodities at
record levels, hyperinflation as predicted well on the way from over-printing
of fiat paper currency by fed as predicted, etc., Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic
performance of the past ten years, equity valuations are the 2nd largest bubble
in U.S. history... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been artificially manufactured...
·
The change in
accounting rules for the financial sector by FASB has generated massive “false”
account profits beginning in 2009.
·
The extended (and
then further extended) unemployment benefits have kept an artificially higher
demand for consumer consumption. As a result, the US government has
artificially subsidized corporate profits.
·
The billions saved
through “free loading” by homeowners who have defaulted on their mortgages yet
maintained their residence, thus living without a mortgage payment.
·
The artificially
suppressed interest rates...
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! 24 Signs Of
Economic Decline In America ‘The United States is in the middle of a
devastating long-term economic decline’ ]
States
face shortfall for retirees ]
Top 3 Reasons Markets were Down on Greece Worries and Terrorism
Selling
In May Is Very Good Advice This Year Harding
Stocks
slip after three-day rally (Washington Post) [
Top 3 Reasons Markets Tanked with Oil WSCS‘DJI -1.02% SP500 -1.11% Nasdaq -0.93%
Gold -0.82% Oil -4.63% at $98.88.
Gold sold off ..Silver lost over 8%.
1) Commodities
and Oil got slaughtered. .. widening trade gap.
2) Insiders
finally getting busted.. but what about what large banks, investment banks, and
mortgage companies did to the US economy…these insider trading cases are
basically sideshows…
Fed
official calls for vigilance (WP)
[ Who’s still buying their
b***s***! Much higher prices / inflation’s already here. 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline’ ] States
face shortfall for retirees (WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Bernanke
prepares to make history (WP) [ He already has! $6 gas acomin’..
hyperinflation as predicted well on the way from over-printing of fiat paper
currency by fed as predicted, etc., Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic
performance of the past ten years, equity valuations are the 2nd largest bubble
in U.S. history... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more overvalued
was a few brief months in 1929 and the tech bubble
... growth in earnings have been artificially manufactured...
·
The change in
accounting rules for the financial sector by FASB has generated massive “false”
account profits beginning in 2009…’
Osama
bin Laden: A dead nemesis perpetuated by the US government ...
May 1, 2011 ... U.S. intelligence is that bin Laden
needs dialysis every 3 days ...
http://whatreallyhappened.com/WRHARTICLES/osama_dead.php
ON MAY 1,
2011, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED
OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED
DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN
ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T
WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT
IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A
"REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH
WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST.
Bin Laden's voice was detected regularly until [14 December
2001] by intelligence operatives monitoring radio transmissions in Tora Bora,
according to the Pentagon [details]. Since then,
nothing has been heard from the al-Qa'eda leader and President Bush has hinted
in private that bin Laden's silence could mean he has been killed. [Telegraph, 12/28/2001]
Osama bin Laden: A dead nemesis perpetuated by the US government
Osama bin Laden is dead. The news first came from sources in
Afghanistan and Pakistan almost six months ago: the fugitive died in December
[2001] and was buried in the mountains of southeast Afghanistan. Pakistan's
president, Pervez Musharraf, echoed the information. The remnants of Osama's
gang, however, have mostly stayed silent, either to keep Osama's ghost alive or
because they have no means of communication.
With an ego the size of Mount Everest, Osama bin Laden would not
have, could not have, remained silent for so long if he were still alive. He
always liked to take credit even for things he had nothing to do with. Would he
remain silent for nine months and not trumpet his own survival? [New York Times. July 11, 2002]
FOX News Report: Bin Laden Already Dead
Usama bin Laden has died a peaceful death
due to an untreated lung complication, the Pakistan Observer reported, citing a Taliban leader who
allegedly attended the funeral of the Al Qaeda leader.
Bin Laden has often been reported to be in poor health. Some
accounts claim that he is suffering from Hepatitis C, and can expect to live
for only two more years. According to Le Figaro, last year [2000] he ordered a
mobile dialysis machine to be delivered to his base at Kandahar in Afghanistan.
[Guardian]
Peter Bergen: Bin Laden has aged 'enormously'
This is a man who was clearly not well. I mean, as you see from
these pictures here, he's really, by December [2001] he's looking pretty
terrible.
But
by December, of course, that tape that was aired then, he's barely moving the
left side of his body. So he's clearly got diabetes. He has low blood pressure.
He's got a wound in his foot. He's apparently got dialysis ... for kidney
problems. [CNN]
The [December 27, 2001 video] was dismissed by the Bush
administration ... as sick propaganda possibly designed to mask the fact the
al-Qa'eda leader was already dead. "He could have made the video and then
ordered that it be released in the event of his death," said one White
House aide. [Telegraph]
Pakistan's Musharraf: Bin Laden probably dead
Pakistan's
president says he thinks Osama bin Laden is most likely dead because the
suspected terrorist has been unable to get treatment for his kidney disease.
[A
Bush administration official] said U.S. intelligence is that bin Laden needs
dialysis every three days and "it is fairly obvious that that could be an
issue when you are running from place to place, and facing the idea of needing
to generate electricity in a mountain hideout." [CNN]
Renal dialysis -- talking about hemodialysis -- is something
that really is reserved for patients in end-stage renal failure. That means
their kidneys have just completely shut down. The most common cause of
something like that would be something like diabetes and hypertension. Once
that's happened, if you're separated from your dialysis machine -- and
incidentally, dialysis machines require electricity, they're going to require
clean water, they're going to require a sterile setting -- infection is a huge
risk with that. If you don't have all those things and a functioning dialysis
machine, it's unlikely that you'd survive beyond several days or a week at the
most. [CNN]
Karzai: bin Laden 'probably' dead
Osama
bin Laden is "probably" dead, but former Taliban leader Mullah Omar
is alive, Afghan President Hamid Karzai has said. [CNN]
FBI: Bin Laden 'probably' dead
The
US Federal Bureau of Investigation's counter-terrorism chief, Dale Watson, says
he thinks Osama bin Laden is "probably" dead. [BBC]
Magazine runs what it calls bin Laden's will
The
editor-in-chief of a London-based Arab news magazine said a purported will it
published Saturday was written late last year [2001] by Osama bin Laden, and
shows "he's dying or he's going to die soon." [CNN]
Usama bin Laden has died a peaceful
death due to an untreated lung complication, the Pakistan Observer reported,
citing a Taliban leader who allegedly attended the funeral of the Al Qaeda
leader. "The Coalition troops are engaged in a mad search operation but
they would never be able to fulfill their cherished goal of getting Usama alive
or dead," the source said. [FOX News]
Translation of Funeral Article in
Egyptian Paper:
al-Wafd, Wednesday, December 26, 2001 Vol 15 No 4633
News of Bin Laden's Death and Funeral
10 days ago
A
prominent official in the Afghan Taleban movement announced yesterday the death
of Osama bin Laden, the chief of al-Qa'da organization, stating that binLaden
suffered serious complications in the lungs and died a natural and quiet death.
[Welfare State]
Osama bin who?
Israel
does not view bin Laden as a threat. [Janes]
Israeli intelligence: Bin Laden is dead, heir
has been chosen
Israeli
sources said Israel and the United States assess that Bin Laden probably died
in the U.S. military campaign in Afghanistan in December. They said the
emergence of new messages by Bin Laden are probably fabrications, Middle East
Newsline reported. [World Tribune]
[See
also The Fake bin Laden Audio Tape]
[See
also Benazir Bhutto says Osama is dead.]’
Taliban
Attacks Dim U.S. Hopes Bin Laden’s Killing May Hasten Afghan Exit Bloomberg | Bin Laden’s
“martyrdom” will give a “new impetus” to the Taliban’s fight. Top
Doctor Confirms Bin Laden Had Marfan Syndrome An MSNBC hit piece that attempts to debunk Dr. Steve R.
Pieczenik’s assertion that Osama Bin Laden died from Marfan syndrome in 2001
unwittingly provides corroboration from a top Cornell doctor who first made
similar statements in an interview with Salon magazine two months after
9/11. Evidence:
Bin Laden worked like a crime boss (Washington Post) [ Come on! This is all
such total b***s*** at this point at least if not sooner. How totally preposterous!
Now we can add that word picture … Vito Corleone of ‘Godfather’ fame’s opening
words, ‘I love america’ … What in pervasively corrupt, defacto bankrupt america
isn’t operated as a crime syndicate led by a crime boss? Who
shot bin Laden? Former SEALs fill in the blanks (WP) [ Well, here I am on the same page as a
former navy seal: Jesse
Ventura Questions Obama’s Narrative Of Bin Laden Raid Former Navy SEAL and
Governor of Minnesota Jesse Ventura has questioned Barack Obama’s official
narrative regarding the raid on Osama Bin Laden, telling the Alex Jones Show of
his suspicions that Osama died years ago, and expressing disbelief that the man
seen flicking between TV channels in the video released by the White House
Saturday was actually Bin Laden.
[Who is foolish enough to believe anything they say; particularly their
scripted, ever-changing, evolving, self-serving accounts belied only by truth /
reality as told by those with true courage and integrity; as, for example
Jessica Lynch, etc. White
House Press Secretary “Floundering Under Pressure” Of Flip-Flopping Bin Laden
Fable Staged:
White House “Situation Room” Photos Part Of Bin Laden Fable .. No
resistance in “cold-blooded” U.S. raid: Pakistan officials The
Cost of Bin Laden: $3 Trillion Over 15 Years Bin Had The
Growing Coverup: Osama and “The Big Lie” The Obama administration and the
corporate media are concocting an ever-more elaborate and spectacular theater
around the “heroic” murder of the CIA intelligence myth/CIA asset Osama bin
Laden. Red Alert: Government Had Osama bin Laden Frozen for Years Nimmo
/ Jones | Videos [ I personally believe Osama’s been dead for quite
some time. Indeed, for one on dialysis, he otherwise would have been nothing
less than a modern day miracle in terms of longevity / mortality rates for
those so afflicted, particularly under the ‘stressful’ circumstances involving
evading capture, betrayal for money, etc.. His ‘surfacing’ for a ‘talk’ wouldn’t
even pass muster in the most rudimentary requirements for ‘proof of life’. The
release at this time of the ‘announcement’ is, rather than a victory lap so to
speak, but rather a sign of weakness and desperation on the part of america
whose global and domestic economic, financial, and geopolitical position is
substantially diminished and declining rapidly and whose military industrial
complex welfare plan along with the Orwellian diversion of the masses could at
best yield but a pyrrhic victory. Moreover, the same comes at a time of systemic failure for pervasively
corrupt, defacto bankrupt america. While the ‘announcement’ plays well for the
nonce, to the dumb, uninformed back home, the same will galvanize resistance in the name of their
now martyr, Osama Bin Laden.] [ Osama
bin Laden: A dead nemesis perpetuated by the US government ...
May 1, 2011 ... He's apparently
got dialysis ... for kidney problems. ... official] said U.S.
intelligence is that bin Laden needs dialysis every three
days ...
http://www.whatreallyhappened.com/WRHARTICLES/osama_dead.php
Osama bin Laden is dead. The news first came from sources in Afghanistan
and Pakistan almost six months ago: the fugitive died in December [2001] and
was buried in the mountains of southeast Afghanistan. Pakistan's president,
Pervez Musharraf, echoed the information. The remnants of Osama's gang,
however, have mostly stayed silent, either to keep Osama's ghost alive or
because they have no means of communication. Bin Laden's voice was detected
regularly until [14 December 2001] by intelligence operatives monitoring radio
transmissions in Tora Bora, according to the Pentagon [details]. Since then, nothing has been heard from the
al-Qa'eda leader and President Bush has hinted in private that bin Laden's
silence could mean he has been killed. [Telegraph, 12/28/2001]
Pakistan's
Musharraf: Bin Laden probably dead
Pakistan's president says he thinks Osama
bin Laden is most likely dead because the suspected terrorist has been unable
to get treatment for his kidney disease. [A Bush administration official] said
U.S. intelligence is that bin Laden needs dialysis every three days and
"it is fairly obvious that that could be an issue when you are running
from place to place, and facing the idea of needing to generate electricity in
a mountain hideout." [CNN]
Karzai: bin
Laden 'probably' dead
Osama bin Laden is "probably"
dead, but former Taliban leader Mullah Omar is alive, Afghan President Hamid
Karzai has said. [CNN]
FBI: Bin Laden
'probably' dead
The US Federal Bureau of Investigation's
counter-terrorism chief, Dale Watson, says he thinks Osama bin Laden is
"probably" dead. [BBC]
Magazine runs
what it calls bin Laden's will
The editor-in-chief of a London-based
Arab news magazine said a purported will it published Saturday was written late
last year [2001] by Osama bin Laden, and shows "he's dying or he's going
to die soon." [CNN]
Usama
bin Laden has died a peaceful death due to an untreated lung complication, the
Pakistan Observer reported, citing a Taliban leader who allegedly attended the
funeral of the Al Qaeda leader. "The Coalition troops are engaged in a mad
search operation but they would never be able to fulfill their cherished goal
of getting Usama alive or dead," the source said. [FOX
News] Renal dialysis -- talking about hemodialysis -- is something that
really is reserved for patients in end-stage renal failure. That means their
kidneys have just completely shut down. The most common cause of something like
that would be something like diabetes and hypertension. Once that's happened,
if you're separated from your dialysis machine -- and incidentally, dialysis
machines require electricity, they're going to require clean water, they're
going to require a sterile setting -- infection is a huge risk with that. If
you don't have all those things and a functioning dialysis machine, it's
unlikely that you'd survive beyond several days or a week at the most. [CNN]
NATO
and Afghan raid mistakenly kills young girl, policeman
in east Afghanistan http://www.washingtonpost.com/world/nato-and-afghan-raid-mistakenly-kills-young-girl-policeman-in-east-afghanistan/2011/05/12/AF3nKYwG_story.html (Washington Post) [ Yeah! There you go …
that new strategy / plan already paying dividends and winning hearts and minds
… A
push for new Afghan strategy (WP) [
Riiiiight! That umpteenth new strategy / progress thing … pervasively corrupt,
defacto bankrupt america can really afford it … Clinton
predicts violent spring in Afghanistan
(WP) Secretary Clinton on Thursday warned NATO
allies not to abandon Afghanistan and predicted a violent spring. [ Well, there
you go … something to look forward to … sounds like a plan … you know, that
progress thing so touted by gates / petraeus … remind us that these people,
particularly innocent civilians, died for no good reason at all. .. america's
defacto bankruptcy. 'Alas, poor
america … a nation of infinite jest, and unexcellent fancy … and pervasive
criminality' …IED
casualties in Afghanistan spike
(WP) [
Yeah! That progress thing’s a b**ch!
What do you expect them to say? That the
money spent / diverted to these lucrative for the few war profiteers (360
tons of $100 bills flown into Iraq disappear, etc.) has been worth the defacto
bankruptcy of the nation. Drudgereport: Congresswoman calls
Afghanistan 'national embarrassment'...
'Epic failure'... Woolsey (D-CA) says Afghanistan
war a disaster. "This war represents an epic failure, a national
embarrassment and a moral blight," Rep. Woolsey said. [Though broke,
they’re still voting for more war across the board.. this war is a
blowback-creating, self-perpetuating, self-destructive, self-defeating,
colossally expensive debacle benefiting war profiteers / lobbies and frauds
while diverting attention from the more ’mundane’ tasks of governance. War on Terror is a Reichstag Fire False Flag Operation Sartre
| If you really want justice for the 911 murders, you must face
reality and look within your own government for the true terrorists.
Why Does the Terrorist Kingpin Look Better Than He Did in
2001? Washington’s Blog
Bin Laden Hoax….The Rest Of The Story Cartalucci .. examination of
mainstream media’s headlines and interviews with the CIA director himself calls
into question the official narrative.
Hoax: White House Claims 4-Year-Old Bin Laden Video Is New
Footage
Then,
of course, there’s also: that ‘pearl harbor event’ so sought by the neo-cons /
war mongers still defies explanation (ie., the ‘stand-down order’, symmetrical
implosions, foreknowledge by some {who conveniently ‘missed the party’ that
day}, etc.. Some links, echoing the unbelief akin to the ‘Jessica Lynch’,
Tillman, etc., affairs follow. People
must realize that though having but 5% of the
world’s population, america can boast 76% of the world’s serial killers, and
the highest crime rates in the world by far.
]
Ludicrous Bin Laden “Porno” Claim Harks Back To CIA
Fakery Paul Joseph Watson | Spooks admitted
creating hoax videotapes of Osama talking about having sex with boys.
We Are Change Confront Bankster Ben Bernanke Infowars.com
| Federal Reserve boss Bernanke was not amused.
Globalists begin breakup of The United States TheAlexJonesChannel
| Alex exposes how the Baja Arizona movement to split into a 51st state would
balkanize the region for easy control.
Ron Paul Announces Presidential Run Jay
Root | Paul made his announcement in an interview on ABC’s “Good
Morning America” from New Hampshire.
Government Claims Osama Wanted to Kill Obama Kurt
Nimmo | More propaganda designed to distract from the fact the government’s
story is falling apart.
Ludicrous
Bin Laden “Porno” Claim Harks Back To CIA Fakery The US government must be
quite disappointed with the fact that Islamic extremists have yet to attack the
United States in “retaliation” for allegedly killing Bin Laden, because they
seem to be doing everything in their power to rile up terrorists – this time
with the claim that a significant stash of pornography was found in Bin Laden’s
compound.
Teacher
Told 11-Year-Old Drawing Of American Flag Would “Offend” Other Students The
family of Frankie Girard is claiming that their son’s civil rights were
violated after a teacher allegedly told him that hanging his picture of the
American flag would offend another student.
Gaddafi
most likely wounded, left Tripoli: Italy Libyan leader Muammar Gaddafi has
very likely left the capital Tripoli and has most likely been wounded, Italian
Foreign Minister Franco Frattini said Friday.
New
Film Shows Diana “Very Much Alive” After Car Crash “It is included as
evidence, because it shows clearly that, although Diana had been injured in the
crash, she was alert and very much alive. I repeat: it is not a picture of a
dying woman.”
‘Libyans
die as Obama mocks laws, makes pals with rebels’ NATO maintains it’s not
trying to kill Gaddafi – something the Libyan rebels are calling for. A top
rebel official is in Washington for talks with the U.S. administration on more
support, and possible recognition. British anti-war activist Kate Hudson thinks
the coalition’s policy is making a mockery of international law.
Texas House Bans TSA
Grope Downs The Texas House passed a bill late Thursday night that would
make it a criminal offense for public servants to inappropriately touch
travelers during airport security pat-downs.
Government
Claims Osama Wanted to Kill Obama According to ABC News, the U.S.
discovered a plot to kill Obama in the million or so pages supposedly taken
from Osama’s mansion in Pakistan.
Libyan
Group Associated with al-Qaeda Meets Obama Officials The head of the
National Transitional Council’s executive bureau, Mahmoud Jebril, met with Tom
Donilon, Obama’s national security adviser, and other senior officials, the
White House said in a statement, Reuters reports today.
Japan
to Cover Damaged Nuclear Reactors with Giant Tents Giant polyester covers
will soon be placed around the damaged reactor buildings at Japan’s Fukushima
nuclear complex to help contain the release of radioactive substances into the
atmosphere, the plant operator said Friday.
Narrative
Behind Bin Laden Fable Flip-Flops AGAIN You have to wonder what on earth
the Obama administration hopes to achieve by continually insulting the
intelligence of the American people, after the official narrative behind the
alleged Bin Laden raid was changed yet again, presumably in a desperate effort
to counter the revelation that the White House “situation room” photos were
staged.
Yes,
They Lied; Yes, a Million Died; and Yes, They Want It To Go On That’s why
the Peace Laureate/Holy Hit Man in the White House has his Pentagon warlord
pushing and pushing to keep American troops in Iraq — forever, if possible.
The Death Of Bin Laden; The Death Of America The thing that benefits the most from this raid is America’s emerging police state, which is now strategically positioned to take another giant leap forward.
Jury convicts Ohio mom in baby's microwave death (AP) - AP
- Jurors in an Ohio woman's third trial found her guilty Friday of killing her
baby daughter by cooking her in a microwave oven. [ True americana! People must realize that though
having but 5% of the world’s population, america can boast 76% of the world’s
serial killers and the highest crime rates in the world by far. [ america’s #1, england’s #2 Cannes: Diana doc slams UK
royals as 'gangsters'... ] http://www.albertpeia.com/realifeamericaserialkillers.mpg SEC
urged to ease fundraising rules (Washington
Post) [ REDUNDANT! I mean come on! Any
more ‘easing’ and we’d be in negative territory where they actually reward you
for breaking the rules which is currently the reality in pervasively corrupt,
defacto bankrupt, meaningfully lawless america. Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billiions from the fraud ). UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Defacto bankrupt, fraudulent america also spends more on military
spending than all the nations of the world combined... federal employees /
contractors, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ).
That perverse field of dreams I’ve previously alluded to, the american
nightmare, if you build / contrive war, they will come. And, they do; seals of
them (among others); and when their ‘tours’ are done, it’s murder inc./contract
killing for hire that they’ve won (cia, mob, etc.). The 20th century, the ‘bloodiest
century’, not coincidentally referred to as the american century, brings
longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering
which primitive mindset they have mistakenly been conditioned to connect to
their now irretrievably lost success as a nation state; and to the contrary,
has become globally and domestically self-destructive / self-defeating. The
entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of
political desperation and Orwellian opportunism.
Preet
Bharara, ‘sheriff of Wall Street’ The U.S. attorney in Manhattan has ramped
up white collar enforcement in his 21-month-old tenure. (Washington Post) [ I
still say: ‘Where’s the beef … you know, the big boys, ie., goldman et als … Raj Rajaratnam Found Guilty On All Counts [ I share the following sentiments from Wall St Cheat Sheet: ‘…2) Insiders are finally
getting busted. Although the media loves the
Raj Rajaratnam trial and his guilty on all 14 counts, who really gives a
s*** compared with what large banks, investment banks, and mortgage companies
did to the US economy. So long as the Dick Fulds of the world are sipping
champagne in Capri, Italy, these insider trading cases are basically
sideshows…’ ] SEC
urged to ease fundraising rules
(Washington Post) [ REDUNDANT! I
mean come on! Any more ‘easing’ and we’d be in negative territory where they
actually reward you for breaking the rules which is currently the reality in
pervasively corrupt, defacto bankrupt, meaningfully lawless america. Roche 'The
worst part of it ...Obama, who vowed
change, has done almost nothing to fix any of it and in fact continues most of
the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for
Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by
the frauds on wall street ( and declares with oscar in hand that not one high
level wall street exec has been prosecuted … despite ‘earning’ billiions from
the fraud ). UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
People
must realize that though having but 5% of the
world’s population, america can boast 76% of the world’s serial killers and the
highest crime rates in the world by far.
http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto
bankrupt, fraudulent america also spends more on military spending than all the
nations of the world combined... federal employees / contractors, cia, all 3
branches of the u.s. government, etc., are included in this evolved american
trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ).
U.S.
to raise fuel efficiency standards Over the next few months, regulators are
scheduled to set the next round of fuel standards for automakers. Among the
proposals under consideration is one that would lift average fuel economy under
the law to as much as 62 mpg by 2025. (Washington Post) [ Well, there you go … problem solved … and
the auto cos can really afford the retooling costs … I can’t remember how many
times I heard reference to such legislative mandates … have they been in effect
… have they changed … have they worked? Look
at How Producer Prices Continue Getting More Expensive Wall St. Cheat
Sheet [This spells big trouble affecting corporate earnings (some costs can’t
be passed on without decreasing sales) and disposable income / consumer
spending. ] Weekly
Unemployment Claims Still Above This Scary Level WSCS Short ‘The
Department of Labor’s Unemployment Insurance Weekly Claims Report was released
this morning for last week. Claims fell 44,000 from a 4,000 upward revision of
the previous week, which takes the number back to approximately the level prior
to last week’s blip. Here is the official statement from the Department of
Labor:In the week ending May 7, the advance figure for seasonally adjusted
initial claims was 434,000, a decrease of 44,000 from the previous week’s
revised figure of 478,000. The 4-week moving average was 436,750, an increase
of 4,500 from the previous week’s revised average of 432,250. The advance
seasonally adjusted insured unemployment rate was 3.0 percent for the week
ending April 30, unchanged from the prior week’s unrevised rate of 3.0 percent.
The advance number for seasonally adjusted insured unemployment during the week
ending April 30 was 3,756,000, an increase of 5,000 from the preceding week’s
revised level of 3,751,000. The 4-week moving average was 3,718,500, an
increase of 13,250 from the preceding week’s revised average of
3,705,250.Today’s number was 11,000 above the Briefing.com consensus estimate of 423,000 claims.As we can
see, there’s a good bit of volatility in this indicator, which is why the
4-week moving average (shown in the callouts) is a more useful number than the
weekly data.
http://dshort.com/charts/weekly-unemployment-claims-charts.html?weekly-unemployment-claims
Occasionally I
see articles critical of seasonal adjustment, especially when the non-adjusted
number better suits the author’s bias. But a comparison of these two charts
clearly shows extreme volatility of the non-adjusted data, and the 4-week MA
gives an indication of the recurring pattern of seasonal change in the second
chart (note, for example, those regular January spikes).
http://dshort.com/charts/weekly-unemployment-claims-charts.html?weekly-unemployment-claims-NSA
a 52-week
moving average gives a better sense of the long-term trends.
http://dshort.com/charts/weekly-unemployment-claims-charts.html?weekly-unemployment-claims-NSA-52-ma
Krauthammer:
Obama's demagoguery in El Paso (Washington Post) [ What else can you expect
from a demagogue … suddenly he’s talkin’ immigration with the election ‘round
the corner, as he courts the Hispanic vote. Aren’t people on to this unctuous
jive-talker yet, failed president that he is.
Davis ‘… This is how we
pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF CARDS IS TEETERING
FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
… Suckers’ rally to keep suckers
suckered: Philadelphia
Fed Depresses Economists Durden ‘..the
Philadelphia Fed collapsed from a revised 43.4 (a 27 year high) to 18.5, the
lowest since November 2010… This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! U.S. Economy Remains on Life Support Hansen ‘
- The Fed press
conference contained almost no new economic insights;
- An FOMC
meeting with no policy changes or insights..
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’ Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street
accountable for the meltdown. ):
‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Meanwhile, things are not looking up for
the economy, global / domestic, and the solvency issues of nations,
particularly defacto bankrupt america. Mohamed A.
El-Erian [ In an interview with
Frank Motek, El-Erian states that the nations are facing not debt issues per
se, but solvency issues (ie., america’s defacto bankrupt, etc.) and (PIMCO
dumped their u.s. treasury holdings) that it will take higher interest rates to
sell those debt securities. Moreover, he stated that the subject nations have
only exacerbated their fiscal problems by piling more debt on debt … the
following is an excerpt from El-Erian in part, from the PIMCO website: …http://www.pimco.com ]
Milbank:
The medical mystery of Mitt Romney (Washington Post) [ Does anyone else think Mr. Milbank’s reference
to the Chinese twin girls born with a
single body and two heads was at the least in poor taste. Moreover, I would
further say his reference is probably better suited as applicable to ‘wobama
the b’ (for b***s***) whose actions in office have belied most every campaign
pledge and rhetoric. This is not to say that Romney gets a pass; though I did
previously say and still on my website is (what I write thereon is ‘forever’ as
if engraved on stone) that I recommended that war criminal, coward, incompetent
cheney be replaced by Romney, and then the same, whether by impeachment or
‘encouragement’ (kind of like that Nixon / Ford dynamic), for war criminal,
coward, incompetent moron dumbya bush. I doubt there’s anyone other than mental
cases (ie., limbaugh, hannity, o’reilly, etc.) who could seriously argue that
the country wouldn’t have been better off to this day. That said, 2012 is a whole
new year, and a whole new ‘ballgame’, and wide open, so to speak. Ultimately,
for me, the next president will have met criterion that for me is measurable in
terms of justice, in accordance with long lost (for pervasively corrupt,
defacto bankrupt america) constitutional principles. For me, it’s what I can
see, touch, and measure as being right. As such, for me, the clear resolution
of long standing, justice delayed, justice denied RICO litigation is that
measure and criterion. . Defacto bankrupt, fraudulent america
also spends more on military spending than all the nations of the world
combined... federal employees / contractors, cia, all 3 branches of the u.s.
government, etc., are included in this evolved american trait of inherent
criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ).
That perverse field of dreams I’ve previously alluded to, the american
nightmare, if you build / contrive war, they will come. And, they do; seals of
them (among others); and when their ‘tours’ are done, it’s murder inc./contract
killing for hire that they’ve won (cia, mob, etc.). The 20th century, the
‘bloodiest century’, not coincidentally referred to as the american century,
brings longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering
which primitive mindset they have mistakenly been conditioned to connect to
their now irretrievably lost success as a nation state; and to the contrary,
has become globally and domestically self-destructive / self-defeating. The
entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of
political desperation and Orwellian opportunism.
Reversals
challenge hope of Arab Spring
(Washington Post) [The power of the autocrats … as in Saudi Arabia? Oh
they’re okay … they’re good bad guys … war criminal american buds. Riiiiight!
Just remember … the Arabs won’t forget. And, who will they blame, as if
culpability of u.s., nato, israel, england, etc.. . [Who is foolish enough to believe
anything they say; particularly their scripted, ever-changing, evolving,
self-serving accounts belied only by truth / reality as told by those with true
courage and integrity; as, for example Jessica Lynch, etc Red Alert: Government Had Osama bin Laden Frozen for Years Nimmo
/ Jones [ I personally believe Osama’s been dead for quite some time.
Indeed, for one on dialysis, he otherwise would have been nothing less than a
modern day miracle in terms of longevity / mortality rates for those so
afflicted, particularly under the ‘stressful’ circumstances involving evading
capture, betrayal for money, etc.. His ‘surfacing’ for a ‘talk’ wouldn’t even
pass muster in the most rudimentary requirements for ‘proof of life’. The
release at this time of the ‘announcement’ is, rather than a victory lap so to
speak, but rather a sign of weakness and desperation on the part of america
whose global and domestic economic, financial, and geopolitical position is
substantially diminished and declining rapidly and whose military industrial
complex welfare plan along with the Orwellian diversion of the masses could at
best yield but a pyrrhic victory. Moreover, the same comes at a time of systemic failure for pervasively
corrupt, defacto bankrupt america. While the ‘announcement’ plays well to the
dumb back home, the same will galvanize
resistance in the name of their now martyr, Osama Bin Laden.] [ Osama
bin Laden: A dead nemesis perpetuated by the US government ...
May 1, 2011 ... U.S. intelligence is that bin Laden
needs dialysis every 3 days ...
http://www.whatreallyhappened.com/WRHARTICLES/osama_dead.php
Osama bin Laden is dead..: died in December [2001] ..buried in the
mountains of southeast Afghanistan [Telegraph, 12/28/2001]
Musharraf: Bin
Laden probably dead
[A Bush administration official] said U.S. intelligence is that
bin Laden needs dialysis every three days ..." [CNN]
Karzai: bin
Laden 'probably' dead .. but former Taliban leader Mullah Omar is alive [CNN]
FBI: Bin Laden
'probably' dead
The FBI’s counter-terrorism chief, Dale
Watson, says he thinks Osama bin Laden is "probably" dead. [BBC]
The editor-in-chief of a London-based
Arab news magazine said a purported will it published Saturday was written late
last year [2001] by Osama bin Laden, and shows "he's dying or he's going
to die soon." [CNN]
Usama bin Laden has died
a peaceful death due to an untreated lung complication .. [FOX
News] Renal dialysis is reserved for patients in end-stage renal failure. ..
it's unlikely that you'd survive beyond several days or a week at the most. [CNN]
]
Weekly
Unemployment Claims Still Above This Scary Level WSCS Short ‘The
Department of Labor’s Unemployment Insurance Weekly Claims Report was released
this morning for last week. Claims fell 44,000 from a 4,000 upward revision of
the previous week, which takes the number back to approximately the level prior
to last week’s blip. Here is the official statement from the Department of Labor:In
the week ending May 7, the advance figure for seasonally adjusted initial
claims was 434,000, a decrease of 44,000 from the previous week’s revised
figure of 478,000. The 4-week moving average was 436,750, an increase of 4,500
from the previous week’s revised average of 432,250. The advance seasonally
adjusted insured unemployment rate was 3.0 percent for the week ending April
30, unchanged from the prior week’s unrevised rate of 3.0 percent. The advance
number for seasonally adjusted insured unemployment during the week ending
April 30 was 3,756,000, an increase of 5,000 from the preceding week’s revised
level of 3,751,000. The 4-week moving average was 3,718,500, an increase of
13,250 from the preceding week’s revised average of 3,705,250.Today’s number
was 11,000 above the Briefing.com consensus estimate of 423,000 claims.As we can
see, there’s a good bit of volatility in this indicator, which is why the
4-week moving average (shown in the callouts) is a more useful number than the
weekly data.
http://dshort.com/charts/weekly-unemployment-claims-charts.html?weekly-unemployment-claims
Occasionally I
see articles critical of seasonal adjustment, especially when the non-adjusted
number better suits the author’s bias. But a comparison of these two charts
clearly shows extreme volatility of the non-adjusted data, and the 4-week MA
gives an indication of the recurring pattern of seasonal change in the second
chart (note, for example, those regular January spikes).
http://dshort.com/charts/weekly-unemployment-claims-charts.html?weekly-unemployment-claims-NSA
Because of the
extreme volatility of the non-adjusted weekly data, a 52-week moving average
gives a better sense of the long-term trends.
http://dshort.com/charts/weekly-unemployment-claims-charts.html?weekly-unemployment-claims-NSA-52-ma
The Bureau of
Labor Statistics provides an overview on seasonal adjustment here (scroll down about
half way down).
Doug Short
Ph.d is the author of dshort.com.’
Look
at How Producer Prices Continue Getting More Expensive Wall St. Cheat
Sheet [This spells big trouble affecting corporate earnings (some costs can’t
be passed on without decreasing sales) and disposable income / consumer
spending. ] ‘The Producer Price Index for finished goods rose 0.8
percent in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This
advance followed increases of 0.7 percent in March and 1.6 percent in February.
At the earlier
stages of processing, prices received by manufacturers of intermediate
goods climbed 1.3 percent in April, and the crude goods index rose 4.0
percent. On an unadjusted basis, prices for finished goods moved up 6.8 percent
for the 12 months ended April 2011, the largest year-over-year gain since
an 8.8-percent increase in September 2008.
Stage-of-Processing
Analysis
About three
quarters of the April advance in the finished goods index can be traced to a
2.5 percent jump in prices for finished energy goods. Also contributing to
the rise in the finished goods index, prices for both finished goods other
than foods (NYSE:RJA) and energy (NYSE:XLE) and for finished consumer foods moved up 0.3
percent in April.
Finished
energy: Prices for finished energy goods increased 2.5 percent in April, the
seventh consecutive monthly advance. Over half of the April rise can be
attributed to the gasoline index, which climbed 3.6 percent (NYSE:USO). Higher prices for liquefied petroleum gas and
residential natural gas (NYSE:UNG) also were factors in the increase in the finished
energy goods index. (See table 2.)
Finished core:
The index for finished goods less foods and energy moved up 0.3 percent
in April, the fifth straight monthly rise. Nearly one-fourth of the April
monthly advance can be traced to a 1.2-percent jump in civilian aircraft
prices. An increase in the index for light motor trucks also contributed
significantly to the rise in finished core prices.
Finished
foods: Prices for finished consumer foods rose 0.3 percent in April after
falling 0.2 percent in the prior month. Leading this advance, the index
for eggs for fresh use surged 56.7 percent.
Intermediate
goods
The Producer
Price Index for intermediate materials (NYSE:XLB), supplies, and components rose 1.3
percent in April, the ninth consecutive monthly advance. The broad-based
April increase was led by prices for intermediate goods less foods and
energy, which moved up 1.1 percent. The indexes for intermediate energy
goods and for intermediate foods and feeds also contributed to
the intermediate goods advance, rising 1.9 percent and 1.8 percent,
respectively. For the 12 months ended April 2011, prices for intermediate
goods climbed 9.4 percent, the largest increase since a 9.8-percent jump
in October 2008. (See table B.)
Intermediate
core: Prices for intermediate goods less foods and energy moved up 1.1 percent
in April, the ninth consecutive monthly rise. About fifteen percent of the
April gain can be attributed to the index for primary basic organic
chemicals, which increased 3.2 percent. Higher prices for ethanol and
steel mill products (NYSE:DBB) also contributed to the advance in intermediate
core prices. (See table 2.)
Intermediate
energy: The index for intermediate energy goods climbed 1.9 percent in April,
the smallest advance since a 1.5-percent increase in November 2010. Prices
for diesel fuel, which moved up 3.5 percent, were a significant
contributor to the April rise. Higher prices for gasoline also were a
factor in the increase in the intermediate energy goods index.
Intermediate
foods: The intermediate foods and feeds index advanced 1.8 percent in April,
the
ninth straight monthly increase. A 5.6-percent jump in prices for beef and veal
accounted for a quarter of the April advance in the intermediate foods and
feeds index.
Crude goods
The Producer
Price Index for crude materials for further processing increased 4.0 percent
in April. For the 3 months ending in April, prices for crude materials
moved up 7.0 percent following an 11.4-percent jump for the 3 months
ending in January. Leading the broad-based monthly advance in April, the
index for crude energy materials rose 4.8 percent. Prices for
crude foodstuffs and feedstuffs and for crude nonfood materials less
energy increased 4.0 percent and 2.6 percent, respectively.
Crude energy:
The index for crude energy (NYSE:XLE) materials moved up 4.8 percent in April.
From January to April, crude energy prices advanced 5.3 percent compared
with a 17.9-percent jump in the previous 3-month period. For the month of
April, the index for natural gas rose 9.4 percent, accounting for over
half of the increase in prices for crude energy materials. Advances in
the indexes for crude petroleum and coal also contributed to higher crude
energy prices.
Crude foods:
Prices for crude foodstuffs and feedstuffs (NYSE:RJA) advanced 4.0 percent in April. For the
3 months ending in April, the index for crude foods jumped 11.4 percent
subsequent to moving up 5.5 percent from October to January. Accounting
for about half of the monthly rise in April, the grains index increased
15.5 percent. Higher prices for slaughter steers and heifers also were
a factor in the advance in the crude foods index.
Crude core:
The index for crude nonfood materials less energy rose 2.6 percent in April.
From January to April, crude core prices moved up 2.5 percent after a
10.1-percent advance in the previous 3-month period. For the month of
April, a 4.5-percent increase in the index for copper base scrap was a
factor in higher crude core prices.
Services
Analysis Trade Industries
TTrade
industries: The Producer Price Index for the net output of total trade
industries moved up 0.1 percent in April, the third consecutive increase.
Trade indexes measure changes in margins received by wholesalers and
retailers (NYSE:RTH). Leading the April advance was a
5.3-percent increase in margins received by department stores (NYSE:IYR). Higher margins received by women’s
clothing stores and by electronic shopping and mail order houses also
contributed significantly to the rise in the total trade industries index.
Transportation
and warehousing industries: The Producer Price Index for the net output
of transportation and warehousing industries rose 0.3 percent in April,
the seventh consecutive increase. Accounting for forty-five percent of the
April advance, prices received by couriers climbed 1.4 percent. Increases
in the indexes for long distance general freight trucking (truckload) and
line-haul railroads also were factors in the April rise in the transportation
and warehousing industries index.
Traditional
service industries: The Producer Price Index for the net output of total
traditional service industries moved up 0.7 percent in April after no
change in the previous month. Leading this advance, prices received by the
depository credit intermediation industry group rose 7.3 percent. Higher
prices received by insurance carriers and by general medical and
surgical hospitals (NYSE:XLV) also contributed to the increase in the total
traditional service industries index.’
“Made
in America”: The Comeback [ Come on! Let’s get real! Not in a million years
… though citing the increased exports, what’s absent from this article is that
we saw an INCREASE in the trade deficit (hence, I haven’t included this ‘feel
good’ fluff piece). Some ‘pay to play’ and other manipulations, but this
structural shift is forever and a done deal; however foolish and misguided by
pervasively corrupt, defacto bankrupt america, they can’t unring the bell on
yet another policy / strategic blunder at all levels of the u.s. government,
and that short –sighted corporate american hierarchy. [video]GDP
Fears Going Up - Trader NEW YORK (TheStreet) - - Trade
deficit data is causing concerns over a lowered GDP says Alan Valdes of DME
Securities. ]
Mohamed A.
El-Erian [ In an interview with
Motek, El-Erian states that the nations are facing not debt issues per se, but
solvency issues (ie., america’s defacto bankrupt, etc.) and (PIMCO dumped their
u.s. treasury holdings) that it will take higher interest rates to sell those
debt securities. Moreover, he stated that the subject nations have only exacerbated
their fiscal problems by piling more debt on debt … the following is an excerpt
from El-Erian in part, from the PIMCO website: http://www.pimco.com]
‘ … BALANCE OF RISKS Most baselines are subject to two-sided
risks. Our Secular Outlook is no different in this regard and, in this case,
the risks are well balanced.
On the one
hand, the baseline could prove to be too pessimistic on three major counts:
First, emerging economies (and China in particular) could show greater
willingness and ability to unleash domestic consumption; second, the balance
sheets of central banks in industrial countries could indeed be used very
aggressively without undermining inflationary expectations and fueling a
political reaction; and third, some of the remarkable scientific advances could
translate quickly into massive productivity gains.
These three
factors would facilitate economic growth in industrial countries. And growth is
critical for enhancing the capacity of the world economy to deal with its
balance sheet problems, reverse the involvement of governments in markets and,
thereby, reduce the likelihood of government failures following the recent
string of market failures.
On the other
hand, the baseline could be too optimistic on (also) three major counts: First,
households and companies could embark upon a renewed cycle of self-insurance in
reaction to the medium-term uncertainties facing the global economy. This
paradox of thrift would further weaken the growth and debt dynamics; it would
also increase the risk of trade protectionism. Second, some of the
super-secular issues (such as climate change, demographics and the atomization
of societies) could play out in secular time, significantly increasing the
structural headwinds facing the global economy. Third, the world could face a
geopolitical shock, either because of frictions and tensions between certain
nation-states or due to vulnerability to acts of terrorism perpetrated by small
groups or individuals.
In Conclusion
We are living through a
remarkable time of change for the global economy, where several anchoring
parameters have become variables. It is a time of friction, collisions and
renewal as we journey to a de-levered and re-regulated world with weaker growth
dynamics in industrial countries and less political enthusiasm for unfettered
globalization and markets.
This brings us
back to the image of a car that, having used its spare tire(s), is still
embarked on a bumpy road through unfamiliar territory and to a less-than-stable
destination. Parts of the car are up for this journey; others will likely hold
up but in a tentative and fragile manner; and yet others will fail.
For investors,
this translates into a secular period of changing risks and opportunities:
- The distribution of global outcomes is going
through a transformation, both in terms of overall shape (flatter) and
tails (fatter);
- It is a world where several of the old
simplifying adages that once brought comfort to investors – such as
industrial country governments constitute interest rate risk while
emerging economies involve credit risk – require considerable refinement;
- It is a world that calls for a broader
investment universe and guidelines and, for those who use them, revamped
benchmarks that better capture the world of today and tomorrow rather than
that of yesterday;
- It is a world of significant country, regional
and instrument differentiation when it comes to harvesting equity and
credit premiums in high-quality corporates, financials and emerging markets;
- It is a world where the currencies of the
emerging (as opposed to submerging) economies will continue to warrant a
greater allocation over time; and
- It is a world where the safest of carry will
come from duration and curve in sovereigns that, due to their economic and
financial fundamentals, are truly core countries in the midst of this
global paradigm shift…’
Look
How the Federal Budget Deficit Will Exceed $1 Trillion Again Wall St.
Cheat Sheet ‘Yesterday the Federal Budget Deficit reminded us that even during the
season when Uncle Sam collects your taxes — 45% more than last year — we still
can’t create a surplus! Superficially, we can blame the recent economic
crisis for the issue. However, if we dig deeper into the historical data, below
we can see politicians have been out of control for decades. More specifically,
the fall of 2001 kicked off a drunken binge on Federal deficit spending (Click for Larger Image) We haven’t seen a single
budget surplus since the economic crisis, and future budget projections from
the Congressional Budget Office indicate we shouldn’t sit on the shore waiting
for one to dock anytime soon. Check Out “CHART
OF THE DAY: Watch the US Debt Set a 60 Year Record“. In fact, the CBO
increased their annual deficit projection for 2011 from $1.1 trillion to
$1.5 trillion — the third straight year of $1 trillion-plus deficits. The
record monthly deficit of $222.5 billion in February beat last February’s
record by almost $2 billion. At least we didn’t set a new record so soon.’ Debt
ceiling battles have negotiation experts shaking their heads Professional
negotiators weigh in on lawmakers’ inept attempts to negotiate the national
debt ceiling. (Washington Post) [ Boehner
seeks more than $2 trillion in cuts (Washington Post) [ I’m sure I’m not alone in thinking
‘Riiiiight! … that’ll happen … and all
without cuts to endless war spending … while the situation’s more than that
dire, the advice is … don’t hold your breath!
Milbank:
The GOP’s juvenile debate (Washington Post) [ Mr. Milbank has lamentably become the rush
limbaugh / sean hannity of the newspaper world, though he barks and apologizes
for dems (and wobama the b for b*** s***) only (as they for the gop / bushies
only). A
political minefield in Treasury plan
(Washington Post) [ What plan!
. Let
the budget battle begin Congress returns to fight over the nation’s
solvency. (WP) [ Stated another way, the nation’s solvency is
over. .. america’s defacto bankrupt with no end in sight.. interest alone is
eating progressively into GDP beyond the subterfuge.. Gerson:
How serious are we about the deficit? (WP) [ Not much! I mean come on! Davis ‘… This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ … Suckers’
rally to keep suckers suckered: Philadelphia
Fed Depresses Economists Durden ‘..the
Philadelphia Fed collapsed from a revised 43.4 (a 27 year high) to 18.5, the
lowest since November 2010… This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! U.S. Economy Remains on Life Support Hansen ‘
- The Fed press
conference contained almost no new economic insights;
- An FOMC
meeting with no policy changes or insights..
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’ Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street
accountable for the meltdown. ):
‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Hedge
fund billionaire convicted of fraud Raj Rajaratnam was convicted on all 14
counts of fraud and conspiracy in the biggest insider-trading case in a
generation, handing the government a victory after it was pummeled for bringing
so few high-profile prosecutions out of the financial crisis. (Washington Post)
[
Raj Rajaratnam Found Guilty On All Counts [ I share the following sentiments from Wall St Cheat Sheet: ‘…2) Insiders are finally getting busted.
Although the media loves the
Raj Rajaratnam trial and his guilty on all 14 counts, who really gives a
s*** compared with what large banks, investment banks, and mortgage companies
did to the US economy. So long as the Dick Fulds of the world are sipping
champagne in Capri, Italy, these insider trading cases are basically
sideshows…’ ] SEC
urged to ease fundraising rules
(Washington Post) [ REDUNDANT! I
mean come on! Any more ‘easing’ and we’d be in negative territory where they
actually reward you for breaking the rules which is currently the reality in
pervasively corrupt, defacto bankrupt, meaningfully lawless america. Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the
unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall
street ( and declares with oscar in hand that not one high level wall street
exec has been prosecuted … despite ‘earning’ billiions from the fraud ). UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
People
must realize that though having but 5% of the
world’s population, america can boast 76% of the world’s serial killers and the
highest crime rates in the world by far.
http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto
bankrupt, fraudulent america also spends more on military spending than all the
nations of the world combined... federal employees / contractors, cia, all 3
branches of the u.s. government, etc., are included in this evolved american
trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ).
That perverse field of dreams I’ve previously alluded to, the american
nightmare, if you build / contrive war, they will come. And, they do; seals of
them (among others); and when their ‘tours’ are done, it’s murder inc./contract
killing for hire that they’ve won (cia, mob, etc.). The 20th century, the
‘bloodiest century’, not coincidentally referred to as the american century,
brings longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering
which primitive mindset they have mistakenly been conditioned to connect to
their now irretrievably lost success as a nation state; and to the contrary,
has become globally and domestically self-destructive / self-defeating. The
entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of
political desperation and Orwellian opportunism.
AIG
to sell Treasury shares The government soon will begin unloading its 92.1
percent ownership stake in the bailout company. (Washington
Post) [ Who’s the unlucky sucker? Ultimately, a pension fund or two or three,
etc., or maybe you or an equally unlucky member of your family. Stock
market on a roll despite slowing economic growth, lingering unemployment[Also
known as reality! Roll … yes, indeed … everyone’s to get rolled! ] (WP) Dow is
up more than 10 percent for 2011, to its highest point in nearly three
years. [ Same bubble scenario preceeding last crash (including currency
manipulation); yet, far worse this time owing to insurmountable debt and
defacto bankruptcy of the nation.
Fed
Chairman Bernanke does reality TV
(WP) [ Except the ‘NO-RECESSION HELICOPTER BEN B.S. BERNANKE’ show is
scripted unreality … even with his reduction in estimate for ‘economic growth’,
the frauds on wall street still rallied.
Bernanke
prepares to make history (WP) [ He
already has! $6 gas acomin’, $1,508+ gold, $46+ silver, other commodities at
record levels, hyperinflation as predicted well on the way from over-printing
of fiat paper currency by fed as predicted, etc., Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic
performance of the past ten years, equity valuations are the 2nd largest bubble
in U.S. history... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been artificially manufactured...
·
The change in
accounting rules for the financial sector by FASB has generated massive “false”
account profits beginning in 2009.
·
The extended (and
then further extended) unemployment benefits have kept an artificially higher
demand for consumer consumption. As a result, the US government has
artificially subsidized corporate profits.
·
The billions saved
through “free loading” by homeowners who have defaulted on their mortgages yet
maintained their residence, thus living without a mortgage payment.
·
The artificially
suppressed interest rates...
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come!
24 Signs Of
Economic Decline In America ‘The United States is in the middle of a
devastating long-term economic decline’ ]
States
face shortfall for retirees]
Selling
In May Is Very Good Advice This Year Harding
Stocks
slip after three-day rally (Washington Post) [
Top 3 Reasons Markets Tanked with Oil WSCS‘DJI -1.02% SP500 -1.11% Nasdaq -0.93%
Gold -0.82% Oil -4.63% at $98.88.
Gold sold off ..Silver lost over 8%.
1) Commodities
and Oil got slaughtered. .. widening trade gap.
2) Insiders
finally getting busted.. but what about what large banks, investment banks, and
mortgage companies did to the US economy…these insider trading cases are
basically sideshows…
Fed
official calls for vigilance (WP)
[ Who’s still buying their
b***s***! Much higher prices / inflation’s already here. 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline’ ] States
face shortfall for retirees (WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great opportunity
to sell / take profits while you still can since there's much worse to
come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Bernanke
prepares to make history (WP) [ He already has! $6 gas acomin’..
hyperinflation as predicted well on the way from over-printing of fiat paper
currency by fed as predicted, etc., Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic
performance of the past ten years, equity valuations are the 2nd largest bubble
in U.S. history... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been artificially manufactured...
·
The change in
accounting rules for the financial sector by FASB has generated massive “false”
account profits beginning in 2009…’
28
Statistics About The Gutting Of The U.S. Economy That Will Blow Your Mind ‘Red alert! Over 40 billion dollars of
America’s national wealth is being shipped out of the country every single
month. Our economy is being gutted and we are bleeding wealth and we are
bleeding jobs. The
American Dream May 12, 2011
Red alert! Over 40 billion
dollars of America’s national wealth is being shipped out of the country every
single month. Our economy is being gutted and we are bleeding wealth and
we are bleeding jobs. This is a distress call. Is anyone
listening? Thousands of our factories and millions of our jobs are being
shipped overseas. Over the past decade over 6 trillion dollars have been
transferred into the hands of foreigners. Our national government is so
broke that they constantly have to go and beg those foreigners to lend us back
some of that money in order to finance our exploding debt. The number of good
jobs continues to decline and there are millions upon millions of my countrymen
that are unemployed. Can anybody help us? Mayday! Mayday! Mayday!Sadly,
the vast majority of Americans really are dead asleep on this issue. They
just continue to run out to the big retail stores and fill their carts with
products made in China and yet they seem completely bewildered by the fact that
the number of good jobs continues to decline.Over the past decade, the number
of middle class jobs has fallen by about ten percent. There is a reason
for this. America is becoming poorer. The economic pie is
shrinking. When we ship 40 to 50 billion dollars into the hands of
foreigners every single month, that means that there is a lot less wealth for
all of us to divide up.Every single month, the U.S. ships in massive amounts of
foreign oil and massive amounts of cheap plastic trinkets from places such as
China which we greedily consume. In return, we send them a giant pile of
money.This happens month after month after month. You see, we always need
more of their oil and more of their plastic trinkets. They are more than
happy to keep getting richer and richer.Meanwhile, thousands of our factories
and millions of our jobs continue to be sent overseas where labor is far
cheaper. Thanks to globalization, American workers much now directly
compete for jobs with workers that are willing to work for less than a dollar
an hour on the other side of the globe.
The
dismantling of our economy is happening right in front of our eyes and most of
our politicians are not doing a thing to stop it.
The following
are 28 statistics about the gutting of the U.S. economy that will blow your
mind….
#1 According to the U.S. Department of Commerce, the
U.S. trade deficit for the month of March was $48.2 billion. That was up from
$45.4 billion in February.
#2 The United States has had a negative trade
balance every single yearsince 1976.
#3 Between December 2000 and December 2010, the U.S.
ran a total trade deficit of 6.1 trillion dollars.
#4 The U.S. trade deficit with China in March was $18.1
billion. This is money that is not going to support U.S. businesses
and U.S. workers. If that money was actually going to our businesses and
to our workers it would increase tax revenues.
#5 Since China entered the WTO in 2001, the U.S. trade
deficit with China has grown by an average of 18% per year.
#6 During 2010, we spent $365 billion on goods and services
from China while they only spent $92 billion on goods and services from us.
#7 Since 2005, Americans have gobbled up Chinese
products and services totaling $1.1 trillion, but the Chinese have
only spent $272 billion on American goods and services.
#8 The U.S. trade deficit with China in 2010 was 27 times larger than it was back in 1990.
#9 According to a recent report from the Economic
Policy Institute, between 2001 and 2008 the United States lost 2.4 million jobs due to the growing
trade deficit with China. Every single state in America experienced a net
job loss due to our trade deficit with China during that time period.
#10 The United States has lost an average of
50,000 manufacturing jobs per month since China joined the World Trade Organization in
2001.
#11 The United States has lost a staggering 32
percent of its manufacturing jobs since the year 2000.
#12 Between
December 2000 and December 2010, 38 percent of the manufacturing jobs in
Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were
lost and 48 percent of the manufacturing jobs in Michigan were lost.
#13 Back in 1970, 25 percent of all jobs in the United
States were manufacturing jobs. Today, only 9 percent of the jobs in the
United States are manufacturing jobs.
#14 China produced 19.8 percent of all the goods
consumed in the world last year. The United States only produced 19.4 percent.
#15 According to the IMF, China is going to have the
largest economy in the world by 2016.
#16 Nobel economist Robert W. Fogel of the University of
Chicago is projecting that the Chinese economy will be three times larger
than the U.S. economy by the year 2040 if current trends continue.
#17 Back in 1998, the United States had 25 percent of
the world’s high tech export market and China had just 10 percent. Ten years
later, the United States had less than 15 percent and China’s share had soared to 20 percent.
#18 Manufacturing employment in the U.S. computer
industry was actually lower in 2010 than it was in 1975.
#19 In 2002, the United States had a trade deficit in
“advanced technology products” of $16 billion with the rest of the world.
In 2010, that number skyrocketed to $82 billion.
#20 Last year, China produced 11 times as much steel as the United
States did.
#21 Do you remember when the United States was the
dominant manufacturer of automobiles and trucks on the globe? Well, in
2010 the U.S. ran a trade deficit in automobiles, trucks and parts of $110 billion.
#22 In 2010, South Korea exported 12 times as many automobiles, trucks and
parts to us as we exported to them.
#23 According to one recent study, China could
become the global leader in patent filings by next year.
#24 China is now the number
one supplier of components that are critical to the operation
of U.S. defense systems.
#25 In 2010, the number one U.S. export to China
was “scrap and trash”.
#26 Thanks to our exploding trade deficit with China,
the Chinese have accumulated nearly 3 trillion dollars
in foreign currency reserves. That is the largest stockpile of foreign
currency reserves on the entire globe.
#27 The amount of the trade deficit that can be
attributed to foreign oil is at the highest level that we have seen since 2008.
#28 It is being projected that for the first time ever,
the OPEC nations are going to bring in over a trillion dollars
from exporting oil this year. Their biggest customer is the United
States.
Our dependence
on foreign oil is literally bleeding us dry. Once we have burned up all
of that foreign oil in our cars we are left with nothing. But the people
we bought all that oil from are still sitting on all that cash.As we ship our
wealth, our factories and our jobs out of the country, America is getting
poorer.That means that individual Americans are getting poorer.According to one
estimate, between 1999 and 2009 real median household income in the United
States declined by 5.0%.Today, over 44
million Americans are on food stamps and over 47 million Americans are living
in poverty. This is not an accident and it didn’t happen overnight.
Our economic policies are absolutely killing us.This economic downturn has hit
men particularly hard. As thousands of manufacturing facilities have shut
down, millions of blue collar workers have been dumped out on the street.
Most blue collar workers are men.Since January 2008, male employment has
declined by 4,932,000 jobs.Ouch.During
2010, only 66.8% of American men had jobs, which was a
new all-time record low.There are a lot of blue collar workers that are sitting
at home on their couches today that are still trying to figure out what in the
world happened to their good jobs.There are now more than 6 million Americans
that the government says have given up
looking for work completely. Most of them are men.Sadly, in our
society today most of the people that pursue higher education are women.
Today, 61% of all college degrees
are earned by women.Not that a college education is a ticket to success in
today’s world. According to the Economic Policy Institute, the unemployment
rate for college graduates younger than 25 years old was 9.3 percent in 2010.In fact, the majority of
all of our college graduates end up running home to Mom and Dad after they
graduate.According
to a poll conducted by Twentysomething Inc., 85 percent of U.S. college
graduates will move back home with their parents (at least initially) after
graduation. That is up from 67 percent back in 2006.The truth is that
there are not nearly enough jobs for everyone and that is a huge problem.We
have become a nation that consumes far more wealth than it produces. That
is a recipe for disaster any way that you cut it.Until we have some fundamental
changes to our trade policy, these long-term trends are just going to
continue. We are going to continue to bleed wealth, bleed factories and
bleed jobs.Tax revenues go down when factories shut down and when American
workers are sitting at home on their couches. This is a huge factor in
why our federal, state and local governments are drowning in debt. We
have got to have more wealth creation inside this country or else we are going
to continue to see our government debt problems get even worse.If you walk into
just about any major retail store today, what do you find?You find loads and
loads of products that have been made somewhere else.I hope that you are
enjoying “the low, low prices” because they come at a very high cost.We once
had the greatest economic machine in the history of the world but now it is
being gutted like a fish.If we continue on the road that we are on, the entire
country is eventually going to become just like Detroit.Is that what you want?’
How
the US government will seize your retirement account Following in the
footsteps of a rather ignominious list of nations like Argentina and Hungary,
the government of lreland is set to take its ‘fair share’ of private retirement
funds.
Taliban
Attacks Dim U.S. Hopes Bin Laden’s Killing May Hasten Afghan Exit Bloomberg | Bin Laden’s
“martyrdom” will give a “new impetus” to the Taliban’s fight. Top
Doctor Confirms Bin Laden Had Marfan Syndrome An MSNBC hit piece that attempts to debunk Dr. Steve R.
Pieczenik’s assertion that Osama Bin Laden died from Marfan syndrome in 2001
unwittingly provides corroboration from a top Cornell doctor who first made
similar statements in an interview with Salon magazine two months after
9/11. Evidence:
Bin Laden worked like a crime boss (Washington Post) [ Come on! This is all
such total b***s*** at this point at least if not sooner. How totally
preposterous! Now we can add that word picture … Vito Corleone of ‘Godfather’
fame’s opening words, ‘I love america’ … What in pervasively corrupt, defacto
bankrupt america isn’t operated as a crime syndicate led by a crime boss? Who
shot bin Laden? Former SEALs fill in the blanks (WP) [ Well, here I am on the same page as a
former navy seal: Jesse
Ventura Questions Obama’s Narrative Of Bin Laden Raid Former Navy SEAL and
Governor of Minnesota Jesse Ventura has questioned Barack Obama’s official
narrative regarding the raid on Osama Bin Laden, telling the Alex Jones Show of
his suspicions that Osama died years ago, and expressing disbelief that the man
seen flicking between TV channels in the video released by the White House
Saturday was actually Bin Laden.
[Who is foolish enough to believe anything they say; particularly their
scripted, ever-changing, evolving, self-serving accounts belied only by truth /
reality as told by those with true courage and integrity; as, for example
Jessica Lynch, etc. White
House Press Secretary “Floundering Under Pressure” Of Flip-Flopping Bin Laden
Fable Staged:
White House “Situation Room” Photos Part Of Bin Laden Fable .. No
resistance in “cold-blooded” U.S. raid: Pakistan officials The
Cost of Bin Laden: $3 Trillion Over 15 Years Bin Had The
Growing Coverup: Osama and “The Big Lie” The Obama administration and the
corporate media are concocting an ever-more elaborate and spectacular theater
around the “heroic” murder of the CIA intelligence myth/CIA asset Osama bin
Laden. Red Alert: Government Had Osama bin Laden Frozen for Years Nimmo
/ Jones | Videos [ I personally believe Osama’s been dead for quite
some time. Indeed, for one on dialysis, he otherwise would have been nothing
less than a modern day miracle in terms of longevity / mortality rates for
those so afflicted, particularly under the ‘stressful’ circumstances involving
evading capture, betrayal for money, etc.. His ‘surfacing’ for a ‘talk’
wouldn’t even pass muster in the most rudimentary requirements for ‘proof of
life’. The release at this time of the ‘announcement’ is, rather than a victory
lap so to speak, but rather a sign of weakness and desperation on the part of
america whose global and domestic economic, financial, and geopolitical
position is substantially diminished and declining rapidly and whose military
industrial complex welfare plan along with the Orwellian diversion of the
masses could at best yield but a pyrrhic victory. Moreover, the same comes at
a time of systemic failure for
pervasively corrupt, defacto bankrupt america. While the ‘announcement’ plays
well for the nonce, to the dumb, uninformed back home, the same will galvanize resistance in the name of their
now martyr, Osama Bin Laden.] [ Osama
bin Laden: A dead nemesis perpetuated by the US government ...
May 1, 2011 ... He's apparently
got dialysis ... for kidney problems. ... official] said U.S.
intelligence is that bin Laden needs dialysis every three
days ...
http://www.whatreallyhappened.com/WRHARTICLES/osama_dead.php
Osama bin Laden is dead. The news first came from sources in Afghanistan
and Pakistan almost six months ago: the fugitive died in December [2001] and
was buried in the mountains of southeast Afghanistan. Pakistan's president,
Pervez Musharraf, echoed the information. The remnants of Osama's gang,
however, have mostly stayed silent, either to keep Osama's ghost alive or
because they have no means of communication. Bin Laden's voice was detected
regularly until [14 December 2001] by intelligence operatives monitoring radio
transmissions in Tora Bora, according to the Pentagon [details]. Since then, nothing has been heard from the
al-Qa'eda leader and President Bush has hinted in private that bin Laden's
silence could mean he has been killed. [Telegraph, 12/28/2001]
Pakistan's
Musharraf: Bin Laden probably dead
Pakistan's president says he thinks Osama
bin Laden is most likely dead because the suspected terrorist has been unable
to get treatment for his kidney disease. [A Bush administration official] said
U.S. intelligence is that bin Laden needs dialysis every three days and
"it is fairly obvious that that could be an issue when you are running
from place to place, and facing the idea of needing to generate electricity in
a mountain hideout." [CNN]
Karzai: bin
Laden 'probably' dead
Osama bin Laden is "probably"
dead, but former Taliban leader Mullah Omar is alive, Afghan President Hamid
Karzai has said. [CNN]
FBI: Bin Laden
'probably' dead
The US Federal Bureau of Investigation's
counter-terrorism chief, Dale Watson, says he thinks Osama bin Laden is
"probably" dead. [BBC]
Magazine runs
what it calls bin Laden's will
The editor-in-chief of a London-based
Arab news magazine said a purported will it published Saturday was written late
last year [2001] by Osama bin Laden, and shows "he's dying or he's going
to die soon." [CNN]
Usama
bin Laden has died a peaceful death due to an untreated lung complication, the
Pakistan Observer reported, citing a Taliban leader who allegedly attended the
funeral of the Al Qaeda leader. "The Coalition troops are engaged in a mad
search operation but they would never be able to fulfill their cherished goal
of getting Usama alive or dead," the source said. [FOX
News] Renal dialysis -- talking about hemodialysis -- is something that
really is reserved for patients in end-stage renal failure. That means their
kidneys have just completely shut down. The most common cause of something like
that would be something like diabetes and hypertension. Once that's happened,
if you're separated from your dialysis machine -- and incidentally, dialysis
machines require electricity, they're going to require clean water, they're
going to require a sterile setting -- infection is a huge risk with that. If
you don't have all those things and a functioning dialysis machine, it's unlikely
that you'd survive beyond several days or a week at the most. [CNN]
NATO
and Afghan raid mistakenly kills young girl, policeman
in east Afghanistan http://www.washingtonpost.com/world/nato-and-afghan-raid-mistakenly-kills-young-girl-policeman-in-east-afghanistan/2011/05/12/AF3nKYwG_story.html (Washington Post) [ Yeah! There you go …
that new strategy / plan already paying dividends and winning hearts and minds
… A
push for new Afghan strategy (WP) [
Riiiiight! That umpteenth new strategy / progress thing … pervasively corrupt,
defacto bankrupt america can really afford it … Clinton
predicts violent spring in Afghanistan
(WP) Secretary Clinton on Thursday warned NATO
allies not to abandon Afghanistan and predicted a violent spring. [ Well, there
you go … something to look forward to … sounds like a plan … you know, that
progress thing so touted by gates / petraeus … remind us that these people,
particularly innocent civilians, died for no good reason at all. .. america's
defacto bankruptcy. 'Alas, poor
america … a nation of infinite jest, and unexcellent fancy … and pervasive
criminality' …IED
casualties in Afghanistan spike
(WP) [
Yeah! That progress thing’s a b**ch!
What do you expect them to say? That the
money spent / diverted to these lucrative for the few war profiteers (360
tons of $100 bills flown into Iraq disappear, etc.) has been worth the defacto
bankruptcy of the nation. Drudgereport: Congresswoman calls
Afghanistan 'national embarrassment'...
'Epic failure'... Woolsey (D-CA) says Afghanistan
war a disaster. "This war represents an epic failure, a national
embarrassment and a moral blight," Rep. Woolsey said. [Though broke,
they’re still voting for more war across the board.. this war is a blowback-creating,
self-perpetuating, self-destructive, self-defeating, colossally expensive
debacle benefiting war profiteers / lobbies and frauds while diverting
attention from the more ’mundane’ tasks of governance. War on Terror is a Reichstag Fire False Flag Operation Sartre
| If you really want justice for the 911 murders, you must face reality
and look within your own government for the true terrorists.
Why Does the Terrorist Kingpin Look Better Than He Did in
2001? Washington’s Blog
Bin Laden Hoax….The Rest Of The Story Cartalucci .. examination of
mainstream media’s headlines and interviews with the CIA director himself calls
into question the official narrative.
Hoax: White House Claims 4-Year-Old Bin Laden Video Is New
Footage
Then,
of course, there’s also: that ‘pearl harbor event’ so sought by the neo-cons /
war mongers still defies explanation (ie., the ‘stand-down order’, symmetrical
implosions, foreknowledge by some {who conveniently ‘missed the party’ that
day}, etc.. Some links, echoing the unbelief akin to the ‘Jessica Lynch’,
Tillman, etc., affairs follow. People
must realize that though having but 5% of the
world’s population, america can boast 76% of the world’s serial killers, and
the highest crime rates in the world by far.
]
Drudgereport: Treasury Auctions to Push US Over Debt Ceiling...
McCARTHY:
'Not one Republican vote' to borrow more without cuts...
'Greater
than expected' damage seen at Japan reactor...
Obama
Tells Companies to 'Step Up' and Hire Workers...
'Nothing
More Important' Than A Government Job… [ and if you believe the jive-talker, he
has some swampland in jersey he wants to sell you! ] ...
REPORT:
48 Women Raped Every Hour in Congo...
'DOLLAR
IN GRAVER DANGER THAN EURO'...
FORBES:
RETURN TO GOLD STANDARD WITHIN 5 YEARS...
In
S.C., legislature takes first step...
POLL: 1 in 5 say bin Laden alive...
MICHELLE:
KEEPS ON DANCING!
First
Lady to host rapper who talks of killing cops...
USA
FREAK OUT: TERROR FEARS; FALSE ALARMS...
Sen.
Schumer Calls For Amtrak 'Do Not Ride' List...
Two
tunnel 'breaches' cause scare in NYC...
Threats
Divert Planes in Three Separate Incidents...
Passengers,
flight crew subdue man banging on cockpit door...
Dallas
Train Station Evacuated: Man Asked For Help Carrying Packages...
4
Arrested For Videotaping TSA Line At Denver...
SHOCK PHOTO: TSA LOOKING FOR
'POOP BOMBS?'
U.S.-Pak.
Rift Widens...
Pak.
warns of 'full force' response to future US raids...
S&P
cuts Greece's rating...
BOEHNER
TO DEMAND NOT BILLIONS, BUT TRILLIONS
IN CUTS...
OIL
REBOUNDS; 2ND LARGEST GAIN ON RECORD...
REPORT:
Housing crash getting worse...
...values
fall fastest rate since '08
Michelle
Obama to host rapper at WH who talks of killing cops...
'COMMAND
CENTER'...
Pakistan
skeptical of U.S. claim bin Laden directed network...
Two loud explosions heard in town where bin Laden killed...
Videos
show 9-11 mastermind watching himself on TV...
U.S.
government censors tapes, cuts audio...
Inside
bin Laden's squalid home...
NYT:
Final days of domesticity...
Drone
Strike Kills 15 in Pakistan...
First
since bin Laden raid...
BIN
LADEN SUPPORTERS RAGE ON THE STREETS OF LONDON, VOW REVENGE...
Stage
mock funeral in front of US embassy...
Gas
nat'l average: $3.99...
Eats
9% of household budgets...
Average
price sets record in Indiana -- $4.25 a gallon...
$6.03
in Hawaii...
JAPAN
URGES HALT AT THREE REACTORS...
UNEMPLOYMENT
BACK UP TO 9.0%...
Fannie
Mae Reports $8.7B Loss for First Quarter...
Seeks
$8.5B more from taxpayers...
APRIL
JOBS: +244,000...
FUZZY
MATH: How can US add
jobs but the unemployment rate go up?
Gas
nat'l average: $3.99...
Eats
9% of household budgets...
Average
price sets record in Indiana -- $4.25 a gallon...
$6.03
in Hawaii...
Silver
Plunge Spreads...
OIL
GUTTED...
Price
Slide Temporary, New Highs Likely: Goldman...
Fears
linger of a new 'flash crash'...
Euro
Tumbles...
CNN
SHOCK POLL: RON PAUL HAS BEST CHANCE VS OBAMA
National
Home Prices Double Dip...
JOBLESS
CLAIMS RISE TO 8 MONTH HIGH...
Fears
linger of a new 'flash crash'...
9-11
FAMILY: 'SHOW US PROOF BIN LADEN KILLED'...
Victim's
father: Obama 'putting too much spotlight on himself'...
Channels
Bush at Ground Zero: 'We will never forget'...
Tells
teen survivor he knows
Justin Bieber...
Turns
Back on 9/11 Family Member...
AUDIO...
Muslim
Brotherhood urges review of Israel ties...
Pakistanis
burn U.S. flags; backlash over death grows...
Pakistan
officials: No resistance in 'cold-blooded' U.S. raid...
Warns
America not to stage any more...
Threatens
'disastrous consequences'...
Muslims
already name dump location 'Martyr's Sea'...
OBAMA,
NO PHOTOS OF OSAMA: 'We don't need to spike the football'...
'Conspiracy theorists will just claim doctored'...
Sen.
Scott Brown: 'I've seen picture, he's definitely dead'...
UPDATE:
Photo proving bin Laden's death to Sen. Brown was
faked...
three
senators fell for fakes...
UPDATE:
'The photo I saw and that a lot of other people saw is not authentic'...
Top
Dem: No photo needed, 'there's absolute proof'...
REUTERS RELEASES 'DEATH SCENE' PHOTOS
**WARNING GRAPHIC**
UPDATE: Photo proving bin Laden's death to Sen. Brown was faked...
Possibly
three senators fell for fakes...
Pakistan:
'Not a single bullet fired from compound'...
WIRE:
Photos from 1 hour after raid show 3 dead, no weapons...
The
Slippery Story of the bin Laden Kill...
Official says 'killed apparently
by the U.S. raid team'...
DOLLAR
HITS 3 YEAR LOW...
1
IN 7 ON FOOD STAMPS!
Job
numbers disappoint...
Treasury
suggests $2 trillion debt cap raise...
Postal
Service loses $2.2B in second quarter (Washington Post) [ And, let me add that they
deserved that loss. The USPS is totally unreliable and basically a jobs program
for the otherwise unemployable; and, they are also corrupt. I’ve previously set
forth the scenario where the postal service waylaid dvd disks sent
priority/confirmation and a second time, certified mail, to the FBI (violations
of federal law, tampering, obstruction, etc.), and ultimately additional copies
of said disks were delivered by the reliable, efficient, competitive,
performance-driven UPS (their parcel rates are roughly the same and yet half
the delivery time – Fedex is as unreliable as the USPS-and for some time had a
deal with the USPS). Amazon, Ebay, though a boon to the USPS, have consistently
failed to deliver in the realm of computers.
http://www.procomputercenter.com . Pro Computer Center is among the few
remaining stores of their kind. They are performance / service / customer
oriented like no other surviving computer retailer / repairer / service
providers I’ve experienced. They’ve also moved into the realm of computer
forensics / data recovery in the context of court proceedings where they’ve
successfully performed where others failed and at substantially more reasonable
rates than ‘the competition’. My most
recent computer problems accounting for some website / posting delays has been
once again been resolved by them and another Dell computer (the circumstances
of the most recent debacle was a barrage of Trojans caught by my antivirus, one
after another, then shutting down my antivirus, ultimately freezing (no boot)
my computer (I previously alluded to my reasonable suspicions as to who
perpetrated same). My experiences with such as Amazon, Ebay have been atrocious
and borderline if not outright fraudulent (the shoddy sellers), time consuming,
and aggravating in the ‘claims process’. Moreover, other retailers lay most of
the warrantee on the manufacturer. (Prior testimonial:
I just wanted to extend to you and your company my sincere thanks
for a job well done.. I bought my first computer from you (Ben) in or around
1999. It was a Sony Vaio laptop which owing to Windows Millenium and a very
proprietary approach to computing on the part of Sony, truth be told, was not
the greatest system in terms of stability, but no fault of yours. Ultimately,
though functional, I traded to you the Vaio for a Mac. You’ve always stood by
your products / service, are available / accessible to field / handle all
questions / problems which is rare indeed. In Armand you have a top-notch A+
Certified Tech who is patient, knowledgeable, and talented. Ruben, in truth has
been particularly instrumental in seeing to a smooth transition in my recent
dealings with your company as a knowledgeable IT Specialist and especially as a
savvy, capable manager. Since 1999 I’ve purchased five computers from you and
based upon performance, the sixth is assured.
Evidence:
Bin Laden worked like a crime boss (Washington Post) [ Come on! This is all
such total b***s*** at this point at least if not sooner. How totally
preposterous! Now we can add that word picture … Vito Corleone of ‘Godfather’
fame’s opening words, ‘I love america’ … What in pervasively corrupt, defacto
bankrupt america isn’t operated as a crime syndicate led by a crime boss? Who
shot bin Laden? Former SEALs fill in the blanks (WP) [ Well, here I am on the same page as a
former navy seal: Jesse
Ventura Questions Obama’s Narrative Of Bin Laden Raid Former Navy SEAL and
Governor of Minnesota Jesse Ventura has questioned Barack Obama’s official
narrative regarding the raid on Osama Bin Laden, telling the Alex Jones Show of
his suspicions that Osama died years ago, and expressing disbelief that the man
seen flicking between TV channels in the video released by the White House
Saturday was actually Bin Laden.
[Who is foolish enough to believe anything they say; particularly their
scripted, ever-changing, evolving, self-serving accounts belied only by truth /
reality as told by those with true courage and integrity; as, for example
Jessica Lynch, etc. White
House Press Secretary “Floundering Under Pressure” Of Flip-Flopping Bin Laden
Fable Staged:
White House “Situation Room” Photos Part Of Bin Laden Fable .. No
resistance in “cold-blooded” U.S. raid: Pakistan officials The
Cost of Bin Laden: $3 Trillion Over 15 Years Bin Had The
Growing Coverup: Osama and “The Big Lie” The Obama administration and the
corporate media are concocting an ever-more elaborate and spectacular theater
around the “heroic” murder of the CIA intelligence myth/CIA asset Osama bin
Laden. Red Alert: Government Had Osama bin Laden Frozen for Years Nimmo
/ Jones | Videos [ I personally believe Osama’s been dead for quite
some time. Indeed, for one on dialysis, he otherwise would have been nothing
less than a modern day miracle in terms of longevity / mortality rates for
those so afflicted, particularly under the ‘stressful’ circumstances involving
evading capture, betrayal for money, etc.. His ‘surfacing’ for a ‘talk’
wouldn’t even pass muster in the most rudimentary requirements for ‘proof of
life’. The release at this time of the ‘announcement’ is, rather than a victory
lap so to speak, but rather a sign of weakness and desperation on the part of
america whose global and domestic economic, financial, and geopolitical
position is substantially diminished and declining rapidly and whose military
industrial complex welfare plan along with the Orwellian diversion of the
masses could at best yield but a pyrrhic victory. Moreover, the same comes at
a time of systemic failure for
pervasively corrupt, defacto bankrupt america. While the ‘announcement’ plays
well for the nonce, to the dumb, uninformed back home, the same will galvanize resistance in the name of their
now martyr, Osama Bin Laden.]
Debt
ceiling battles have negotiation experts shaking their heads Professional
negotiators weigh in on lawmakers’ inept attempts to negotiate the national
debt ceiling. (Washington Post) [ Boehner
seeks more than $2 trillion in cuts (Washington Post) [ I’m sure I’m not alone in thinking
‘Riiiiight! … that’ll happen … and all
without cuts to endless war spending … while the situation’s more than that
dire, the advice is … don’t hold your breath!
Milbank:
The GOP’s juvenile debate (Washington Post) [ Mr. Milbank has lamentably become the rush
limbaugh / sean hannity of the newspaper world, though he barks and apologizes
for dems (and wobama the b for b*** s***) only (as they for the gop / bushies
only). A
political minefield in Treasury plan
(Washington Post) [ What plan!
. Let
the budget battle begin Congress returns to fight over the nation’s
solvency. (WP) [ Stated another way, the nation’s solvency is
over. .. america’s defacto bankrupt with no end in sight.. interest alone is
eating progressively into GDP beyond the subterfuge.. Gerson:
How serious are we about the deficit? (WP) [ Not much! I mean come on! Davis ‘… This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ … Suckers’
rally to keep suckers suckered: Philadelphia
Fed Depresses Economists Durden ‘..the
Philadelphia Fed collapsed from a revised 43.4 (a 27 year high) to 18.5, the
lowest since November 2010… This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! U.S. Economy Remains on Life Support Hansen ‘
- The Fed press
conference contained almost no new economic insights;
- An FOMC
meeting with no policy changes or insights..
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’ Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street
accountable for the meltdown. ):
‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Hedge
fund billionaire convicted of fraud Raj Rajaratnam was convicted on all 14
counts of fraud and conspiracy in the biggest insider-trading case in a
generation, handing the government a victory after it was pummeled for bringing
so few high-profile prosecutions out of the financial crisis. (Washington Post)
[
Raj Rajaratnam Found Guilty On All Counts [ I share the following sentiments from Wall St Cheat Sheet: ‘…2) Insiders are finally getting busted.
Although the media loves the
Raj Rajaratnam trial and his guilty on all 14 counts, who really gives a
s*** compared with what large banks, investment banks, and mortgage companies
did to the US economy. So long as the Dick Fulds of the world are sipping
champagne in Capri, Italy, these insider trading cases are basically
sideshows…’ ] SEC
urged to ease fundraising rules
(Washington Post) [ REDUNDANT! I
mean come on! Any more ‘easing’ and we’d be in negative territory where they
actually reward you for breaking the rules which is currently the reality in
pervasively corrupt, defacto bankrupt, meaningfully lawless america. Roche 'The
worst part of it ...Obama, who vowed
change, has done almost nothing to fix any of it and in fact continues most of
the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for
Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by
the frauds on wall street ( and declares with oscar in hand that not one high
level wall street exec has been prosecuted … despite ‘earning’ billiions from
the fraud ). UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
People
must realize that though having but 5% of the
world’s population, america can boast 76% of the world’s serial killers and the
highest crime rates in the world by far.
http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto
bankrupt, fraudulent america also spends more on military spending than all the
nations of the world combined... federal employees / contractors, cia, all 3
branches of the u.s. government, etc., are included in this evolved american
trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ).
That perverse field of dreams I’ve previously alluded to, the american
nightmare, if you build / contrive war, they will come. And, they do; seals of
them (among others); and when their ‘tours’ are done, it’s murder inc./contract
killing for hire that they’ve won (cia, mob, etc.). The 20th century, the
‘bloodiest century’, not coincidentally referred to as the american century,
brings longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering which
primitive mindset they have mistakenly been conditioned to connect to their now
irretrievably lost success as a nation state; and to the contrary, has become
globally and domestically self-destructive / self-defeating. The entire 911 /
Bin Laden scenario just doesn’t pass the smell test and reeks of political
desperation and Orwellian opportunism.
AIG
to sell Treasury shares The government soon will begin unloading its 92.1
percent ownership stake in the bailout company. (Washington
Post) [ Who’s the unlucky sucker? Ultimately, a pension fund or two or three,
etc., or maybe you or an equally unlucky member of your family. Stock
market on a roll despite slowing economic growth, lingering
unemployment[Also known as reality! Roll … yes, indeed … everyone’s to get
rolled! ] (WP) Dow is up more than 10 percent for 2011, to its highest
point in nearly three years. [ Same bubble scenario preceeding last crash
(including currency manipulation); yet, far worse this time owing to
insurmountable debt and defacto bankruptcy of the nation.
Fed
Chairman Bernanke does reality TV
(WP) [ Except the ‘NO-RECESSION HELICOPTER BEN B.S. BERNANKE’ show is
scripted unreality … even with his reduction in estimate for ‘economic growth’,
the frauds on wall street still rallied.
Bernanke
prepares to make history (WP) [ He
already has! $6 gas acomin’, $1,508+ gold, $46+ silver, other commodities at
record levels, hyperinflation as predicted well on the way from over-printing
of fiat paper currency by fed as predicted, etc., Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic
performance of the past ten years, equity valuations are the 2nd largest bubble
in U.S. history... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been artificially manufactured...
·
The change in
accounting rules for the financial sector by FASB has generated massive “false”
account profits beginning in 2009.
·
The extended (and
then further extended) unemployment benefits have kept an artificially higher
demand for consumer consumption. As a result, the US government has
artificially subsidized corporate profits.
·
The billions saved
through “free loading” by homeowners who have defaulted on their mortgages yet
maintained their residence, thus living without a mortgage payment.
·
The artificially
suppressed interest rates...
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come!
24 Signs Of
Economic Decline In America ‘The United States is in the middle of a
devastating long-term economic decline’ ]
States
face shortfall for retirees]
Fed
official calls for vigilance (WP)
[ Who’s still buying their
b***s***! Much higher prices / inflation’s already here. 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline’ ] States
face shortfall for retirees (WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ...
According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Bernanke
prepares to make history (WP) [ He already has! $6 gas acomin’..
hyperinflation as predicted well on the way from over-printing of fiat paper
currency by fed as predicted, etc., Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic
performance of the past ten years, equity valuations are the 2nd largest bubble
in U.S. history... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been artificially manufactured...
·
The change in
accounting rules for the financial sector by FASB has generated massive “false”
account profits beginning in 2009.
NATO
and Afghan raid mistakenly kills young girl, policeman in east Afghanistan http://www.washingtonpost.com/world/nato-and-afghan-raid-mistakenly-kills-young-girl-policeman-in-east-afghanistan/2011/05/12/AF3nKYwG_story.html (Washington Post) [ Yeah! There you go …
that new strategy / plan already paying dividends and winning hearts and minds
… A
push for new Afghan strategy (WP) [
Riiiiight! That umpteenth new strategy / progress thing … pervasively corrupt,
defacto bankrupt america can really afford it … Clinton
predicts violent spring in Afghanistan
(WP) Secretary Clinton on Thursday warned NATO
allies not to abandon Afghanistan and predicted a violent spring. [ Well, there
you go … something to look forward to … sounds like a plan … you know, that
progress thing so touted by gates / petraeus … remind us that these people,
particularly innocent civilians, died for no good reason at all. .. america's
defacto bankruptcy. 'Alas, poor
america … a nation of infinite jest, and unexcellent fancy … and pervasive
criminality' …IED
casualties in Afghanistan spike
(WP) [
Yeah! That progress thing’s a b**ch!
What do you expect them to say? That the
money spent / diverted to these lucrative for the few war profiteers (360
tons of $100 bills flown into Iraq disappear, etc.) has been worth the defacto
bankruptcy of the nation. Drudgereport: Congresswoman calls
Afghanistan 'national embarrassment'...
'Epic failure'... Woolsey (D-CA) says Afghanistan
war a disaster. "This war represents an epic failure, a national
embarrassment and a moral blight," Rep. Woolsey said. [Though broke,
they’re still voting for more war across the board.. this war is a blowback-creating,
self-perpetuating, self-destructive, self-defeating, colossally expensive
debacle benefiting war profiteers / lobbies and frauds while diverting
attention from the more ’mundane’ tasks of governance. War on Terror is a Reichstag Fire False Flag Operation Sartre
| If you really want justice for the 911 murders, you must face reality
and look within your own government for the true terrorists.
Why Does the Terrorist Kingpin Look Better Than He Did in
2001? Washington’s Blog
Bin Laden Hoax….The Rest Of The Story Cartalucci .. examination of
mainstream media’s headlines and interviews with the CIA director himself calls
into question the official narrative.
Hoax: White House Claims 4-Year-Old Bin Laden Video Is New
Footage
Then,
of course, there’s also: that ‘pearl harbor event’ so sought by the neo-cons /
war mongers still defies explanation (ie., the ‘stand-down order’, symmetrical
implosions, foreknowledge by some {who conveniently ‘missed the party’ that
day}, etc.. Some links, echoing the unbelief akin to the ‘Jessica Lynch’,
Tillman, etc., affairs follow. People
must realize that though having but 5% of the
world’s population, america can boast 76% of the world’s serial killers, and
the highest crime rates in the world by far.
]
Raj Rajaratnam Found Guilty On All Counts [ I share the following sentiments from Wall St Cheat Sheet: ‘…2) Insiders are finally getting busted.
Although the media loves the
Raj Rajaratnam trial and his guilty on all 14 counts, who really gives a
s*** compared with what large banks, investment banks, and mortgage companies
did to the US economy. So long as the Dick Fulds of the world are sipping
champagne in Capri, Italy, these insider trading cases are basically
sideshows…’ ] SEC
urged to ease fundraising rules
(Washington Post) [ REDUNDANT! I
mean come on! Any more ‘easing’ and we’d be in negative territory where they
actually reward you for breaking the rules which is currently the reality in
pervasively corrupt, defacto bankrupt, meaningfully lawless america. Roche 'The
worst part of it ...Obama, who vowed
change, has done almost nothing to fix any of it and in fact continues most of
the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for
Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by
the frauds on wall street ( and declares with oscar in hand that not one high
level wall street exec has been prosecuted … despite ‘earning’ billiions from
the fraud ). UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown.
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
People
must realize that though having but 5% of the
world’s population, america can boast 76% of the world’s serial killers and the
highest crime rates in the world by far.
http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto
bankrupt, fraudulent america also spends more on military spending than all the
nations of the world combined... federal employees / contractors, cia, all 3
branches of the u.s. government, etc., are included in this evolved american
trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ).
That perverse field of dreams I’ve previously alluded to, the american
nightmare, if you build / contrive war, they will come. And, they do; seals of
them (among others); and when their ‘tours’ are done, it’s murder inc./contract
killing for hire that they’ve won (cia, mob, etc.). The 20th century, the
‘bloodiest century’, not coincidentally referred to as the american century,
brings longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering
which primitive mindset they have mistakenly been conditioned to connect to
their now irretrievably lost success as a nation state; and to the contrary,
has become globally and domestically self-destructive / self-defeating. The
entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of
political desperation and Orwellian opportunism.
Minyanville's T3 Daily Recap: Market Drops, Commodities Plummet
After Unconvincing Bounce ‘The market erased gains from the two-day
bounce to start the week, before bouncing slightly into the close. Despite
indices tracking higher Monday and Tuesday, there were signs that the market was still not healthy after
extremely bearish action last week. Today's sell-off confirms those suspicions,
and tomorrow's open will be very interesting. The next big levels to watch to
the downside in the S&P are the 21-day moving average (which held today), last week's
pivot low at 1329.17, and then the 50-day currently at 1322.26. Commodities got
hit hard once again after a brief oversold bounce as the dollar regained
strength and broke last week's pivot high. Silver dropped like a rock,
finishing the day down 8.3%. Crude prices also fell precipitously, with the United
States Oil Fund LP (USO) falling
4.2%. The dollar has been strong by default as the Euro has plummeted on downgrades of and fears
about Greece, while surprisingly dovish comments from ECB Chairmain Jean-Claude
Trichet also weighed.’
Fed
official calls for vigilance Action may be taken against even the
possibility of a surge of higher prices, Jeffrey M. Lacker says. (Washington
Post) [ Who’s still buying their
b***s***! Much higher prices / inflation’s already here. They conveniently have
said they’re using an ‘inflating strategy’ for asset prices, also known as
inflation. Why? Because high inflation is here! 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline’ ] States
face shortfall for retirees Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war
Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Bernanke
prepares to make history (WP) [ He already has! $6 gas acomin’, $1,508+
gold, $46+ silver, other commodities at record levels, hyperinflation as
predicted well on the way from over-printing of fiat paper currency by fed as
predicted, etc., Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic
performance of the past ten years, equity valuations are the 2nd largest bubble
in U.S. history... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been artificially manufactured...
·
The change in
accounting rules for the financial sector by FASB has generated massive “false”
account profits beginning in 2009, corporate subsidies, etc.
Who
shot bin Laden? Former SEALs fill in the blanks (Washington Post) [ Well, here I am on the same page as a
former navy seal: Jesse
Ventura Questions Obama’s Narrative Of Bin Laden Raid Former Navy SEAL and
Governor of Minnesota Jesse Ventura has questioned Barack Obama’s official
narrative regarding the raid on Osama Bin Laden, telling the Alex Jones Show of
his suspicions that Osama died years ago, and expressing disbelief that the man
seen flicking between TV channels in the video released by the White House
Saturday was actually Bin Laden.
[Who is foolish enough to believe anything they say; particularly their
scripted, ever-changing, evolving, self-serving accounts belied only by truth /
reality as told by those with true courage and integrity; as, for example
Jessica Lynch, etc. White
House Press Secretary “Floundering Under Pressure” Of Flip-Flopping Bin Laden
Fable Staged:
White House “Situation Room” Photos Part Of Bin Laden Fable .. No
resistance in “cold-blooded” U.S. raid: Pakistan officials US Government Contractor Claims “Al-Qaeda” Has Confirmed
Bin Laden Fairytale Watson The
Cost of Bin Laden: $3 Trillion Over 15 Years What do we have to show for
that tab? Two wars that continue to occupy 150,000 troops and tie up a quarter
of our defense budget; a bloated homeland-security apparatus that has at times
pushed the bounds of civil liberty. Bin Had The
Growing Coverup: Osama and “The Big Lie” The Obama administration and the corporate
media are concocting an ever-more elaborate and spectacular theater around the
“heroic” murder of the CIA intelligence myth/CIA asset Osama bin Laden. Red Alert: Government Had Osama bin Laden Frozen for Years Nimmo
/ Jones | Videos [ I personally believe Osama’s been dead for quite
some time. Indeed, for one on dialysis, he otherwise would have been nothing
less than a modern day miracle in terms of longevity / mortality rates for
those so afflicted, particularly under the ‘stressful’ circumstances involving
evading capture, betrayal for money, etc.. His ‘surfacing’ for a ‘talk’
wouldn’t even pass muster in the most rudimentary requirements for ‘proof of
life’. The release at this time of the ‘announcement’ is, rather than a victory
lap so to speak, but rather a sign of weakness and desperation on the part of
america whose global and domestic economic, financial, and geopolitical
position is substantially diminished and declining rapidly and whose military
industrial complex welfare plan along with the Orwellian diversion of the
masses could at best yield but a pyrrhic victory. Moreover, the same comes at
a time of systemic failure for
pervasively corrupt, defacto bankrupt america While the ‘announcement’ plays
well for the nonce, to the dumb, uninformed back home, the same will galvanize resistance in the name of their
now martyr, Osama Bin Laden.]
A
push for new Afghan strategy The
administration needs to clarify its Afghan mission and exit plan, some leading
lawmakers say. (Washington Post) [ Riiiiight! That umpteenth new
strategy / progress thing … pervasively corrupt, defacto bankrupt america can
really afford it … Clinton
predicts violent spring in Afghanistan
(Washington
Post) Secretary of State
Hillary Clinton on Thursday warned NATO allies not to abandon Afghanistan and
predicted a violent spring in the war there. [ Well, there you go … something
to look forward to … sounds like a plan … you know, that progress thing so
touted by gates / petraeus … remind us that these people, particularly innocent
civilians, died for no good reason at all. .. america's defacto
bankruptcy. 'Alas, poor america … a
nation of infinite jest, and unexcellent fancy … and pervasive criminality' …IED
casualties in Afghanistan spike
(Washington Post) [ Yeah! That
progress thing’s a b**ch! What do you
expect them ( Petraeus
optimistic on war ) to say? That the money
spent / diverted to these lucrative for the few war profiteers (360 tons
of $100 bills flown into Iraq disappear, etc.) has been worth the defacto
bankruptcy of the nation. Drudgereport: Congresswoman calls
Afghanistan 'national embarrassment'...
'Epic failure'... Rep. Lynn Woolsey (D-CA) talks
about the "disastrous" war that is Afghanistan. "This war
represents an epic failure, a national embarrassment and a moral blight,"
Rep. Woolsey said. [Though broke, they’re still voting for more war across the
board.. this war is a blowback-creating, self-perpetuating, self-destructive,
self-defeating, colossally expensive debacle benefiting war profiteers /
lobbies and frauds while diverting attention from the more ’mundane’ tasks of
governance. War on Terror is a Reichstag Fire False Flag Operation Sartre
| If you really want justice for the 911 murders, you must face
reality and look within your own government for the true terrorists.
Why Does the Terrorist Kingpin Look Better Than He Did in
2001? Washington’s Blog
Bin Laden Hoax….The Rest Of The Story Cartalucci .. examination of mainstream
media’s headlines and interviews with the CIA director himself calls into
question the official narrative.
Hoax: White House Claims 4-Year-Old Bin Laden Video Is New
Footage
Then,
of course, there’s also: that ‘pearl harbor event’ so sought by the neo-cons /
war mongers still defies explanation (ie., the ‘stand-down order’, symmetrical
implosions, foreknowledge by some {who conveniently ‘missed the party’ that
day}, etc.. Some links, echoing the unbelief akin to the ‘Jessica Lynch’,
Tillman, etc., affairs follow. People
must realize that though having but 5% of the
world’s population, america can boast 76% of the world’s serial killers, and
the highest crime rates in the world by far.
]
The
States Strike Back Paul Joseph
Watson | Rise of the Republic: Rhodes, Boldin and Smith.
Special Operations Elite and the Osama Death Op Kurt Nimmo | New Pentagon fusion center runs Delta
hunter-killer teams.
Federal Spychips To Hijack Your Phone Paul Joseph Watson | The Obama administration is
engaged in a totalitarian takeover of all communications.
18 Facts Prove Illegal Immigration Is Absolute Nightmare
For U.S. Economy The Economic
Collapse | The government has absolutely refused to secure the U.S.
border with Mexico for decades.
China: The New Bin Laden Hillary
Clinton, the low-grade moron who is US Secretary of State, is busy at work
making China the new enemy of Oceania.
An
Empire of Evil Fantasies: The Hollywoodification of Washington The American
people are prisoners of state terror and victims of totalitarian propaganda.
The American mind has been under a government and media siege ever since September
11, 2001 when the Bush administration committed the deadliest terrorist attack
against America in U.S. history.
The
Assasination of Osama bin Laden: Glaring Anomalies in the Official Narrative For
those who believe in omens, the triumphal announcement of the murder of Osama
bin Laden, his son and various of his household (if it were he) by US., special
forces, did not bode well.
Americans
Are The Most Gullible People On The Planet Here’s a reminder that the vast
majority of Americans are amongst the most gullible people on the planet.
President Obama’s ability to pose as a “tough guy” over the contrived fable of
the Bin Laden raid, allied with a return to simple-minded Bush-style terror
fearmongering and helpful media spin on the economy, has enabled him to secure
a massive 13 point bounce in approval ratings.
Ron
Paul To Decide On 2012 Run “Within The Week” Texas Congressman Ron Paul
says he will make a decision on whether to launch a 2012 presidential bid
within the next seven days.
Special
Operations Elite and the Osama Death Op Obama’s raid inside Pakistan that
reportedly killed Osama bin Laden and members of his family was conducted by
the Joint Special Operations Command (JSOC) who dispatched special operations
elite hunter-killer commandos. It was likely run out of a new JSOC fusion
center staffed by elite military and selected members of the government.
Boehner
seeks more than $2 trillion in cuts (Washington Post) [ I’m sure I’m not alone in thinking
‘Riiiiight! … that’ll happen … and all
without cuts to endless war spending … while the situation’s more than that
dire, the advice is … don’t hold your breath!
Milbank:
The GOP’s juvenile debate (Washington Post) [ Mr. Milbank has lamentably become the rush
limbaugh / sean hannity of the newspaper world, though he barks and apologizes
for dems (and wobama the b for b*** s***) only (as they for the gop / bushies
only). A
political minefield in Treasury plan
(Washington Post) [ What plan!
. Let
the budget battle begin Congress returns to a lengthy fight over the
nation’s solvency. (WP) [ Stated another way, the nation’s solvency is
over. .. america’s defacto bankrupt with no end in sight.. interest alone is
eating progressively into GDP beyond the subterfuge.. Gerson:
How serious are we about the deficit? (WP) [ Not much! I mean come on! Davis ‘… This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ … Suckers’
rally to keep suckers suckered: Philadelphia
Fed Depresses Economists Durden ‘..And here
comes the first indicator that Q2 GDP is about to be mass revised by everyone,
courtesy of Japan, and ongoing inflation pressures: the Philadelphia Fed
collapsed from a revised 43.4 (a 27 year high) to 18.5, the lowest since
November 2010… This is an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! U.S. Economy Remains on Life Support Hansen ‘
- The Federal Reserve press
conference contained almost no new economic insights; and,
- An FOMC
meeting with no policy changes or insights..
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’ Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street
accountable for the meltdown. ):
‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Editorial:
Bin Laden raid no vindication of torture (Washington
Post) [ While I don’t disagree with this Editorial, I do disagree with the
premise; viz., that they truly sought to prevent that ultimate ‘pearl harbor
event’, to ratchet up the war spending / military industrial complex welfare
plan with broad based enthusiasm / support. Even war-monger mccain supports
this which also finds support in international law, treaties, conventions.I can
only wonder what the presence of substantially underrated President General
Eisenhower would have meant, and truly believe this entire debacle and the
nation’s decline would have been avoided.
“All
In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His
Remarkable And Unique Warnings Given For Naught” [ I personally believe, and the factual, historical realities
support that President General Eisenhower is without question the most
under-rated president in america’s short-lived history. Is there anyone who
foolishly would believe this man (Ike) of honor, the quintessential General /
Commander in Chief would be sacrificing lives (american among many others) and
treasury for the sake of war profiteers, greed, fraud, etc., as now? ] President Eisenhower’s warned us about the
growing threat from the military-industrial complex – and it’s threat to our
prosperity – 50 years ago. Eisenhower’s
Worst Fears Have Been Realized Washington’s Blog | All in
all it appears that Eisenhower’s worst fears have been realized and his
remarkable and unique warnings given for naught. ….. Indeed, 911 itself; that ‘pearl harbor event’ so sought by
the neo-cons / war mongers still defies explanation (ie., the ‘stand-down
order’, symmetrical implosions, foreknowledge by some {who conveniently ‘missed
the party’ that day}, etc.. Some links, echoing the disbelief akin to the
‘Jessica Lynch’, Tillman, etc., affairs
follow. People must realize that though having but
5% of the world’s population, america can boast 76% of the world’s serial
killers and the highest crime rates in the world by far. That perverse field of
dreams I’ve previously alluded to, the american nightmare, if you build /
contrive war, they will come. And, they do; seals of them (among others); and
when their ‘tours’ are done, it’s murder inc./contract killing for hire that
they’ve won (cia, mob, etc.). The 20th century, the ‘bloodiest century’, not
coincidentally referred to as the american century, brings longings of
nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering
which primitive mindset they have mistakenly been conditioned to connect to
their now irretrievably lost success as a nation state; and, to the contrary,
has become globally and domestically self-destructive / self-defeating. The
entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of political
desperation and Orwellian opportunism.
More
talk on troubled borrowers fund
State attorneys general descend on Washington to negotiate aid for
troubled homeowners … More
bad economic news for Greece A year
into its rescue program, the country is behind schedule and may require more
help to stay solvent.
(Washington
Post) [ And don’t forget the
troubled states. Ask Meredith Whitney! She was right last time, and this time,
like last last time, she’s takin’ it on the chin from the permabull wall street
frauds: Meredith
Whitney Sticks to Her Guns Today Roche ‘Talk about holding onto a losing
trade. At the Milken Conference yesterday, Meredith Whitney said there was
nothing controversial about her muni call, maintaining that she has more
conviction about the muni crisis call than anything in her entire career. Via
Bloomberg:
Whitney said on the panel, “It’s not that big of a
call..There’s nothing controversial about that call, if you look at the
numbers.”
“You can criticize me for everything you want, I’m
just numb to it because I have more conviction on this than I’d had on any
single thing in my career.”
On the same panel, David Solomon, Goldman Sachs’
co-head of investment banking said, “I don’t think we’re doomed. I think the
resources available to us, and the changes that will evolve as we come out of a
very, very difficult economic period that we’ve been stuck in over the past
couple of years, will provide more flexibility than I think Meredith believes.”
Whitney is certainly right that the states are
suffering fiscal woes; however, as we’ve seen in Europe, there are mechanisms
that can be utilized to combat these issues. While I still maintain that there
is a chance of local defaults, I think the United States will be proactive in
fending off a euro-style crisis.
And that means the US federal government will do what
it has always done. It will credit the bank accounts of the states in order to
ensure that any single municipality cannot cause widespread economic hardship
throughout the United States. This would be nothing new. The US has always
credited the bank accounts of the states that are part of this union.
If Europe was truly united, we would see the same
thing occurring in Europe; however, because it's not united, it instead chooses
austerity due to fears of inflation. The reality is that the ECB is not
creating inflation; it's merely stopping the potentially deflationary debacle
that would ensue with sovereign defaults.
I would hope that a truly
United States of America would be a bit more caring of its own member
states.’
Strange Week: Wall Street Takes a Dive Hansen
‘Strange week on Wall Street.
Weekly
unadjusted initial unemployment claims popped above the 2010 year-ago number.
http://static.seekingalpha.com/uploads/2011/5/8/saupload_z_unemployment2.png
China
chided over fiscal policies China
has bigger-than-forecast surplus (Washington Post) [ Arguing with
success … that new axiom for pervasively corrupt, defacto bankrupt america,
supplanting that old cliché that ‘you can’t argue with success’. Chided over
fiscal policies as China has bigger-than-forecast surplus … Is this some
parallel universe that pervasively corrupt, defacto bankrupt america operates
in? If only China had the benefit of my own experience in meaningfully lawless
america, I’d say they’d easily defend the onslaught of disingenuous rhetoric
(and a bit late) from pervasively corrupt, defacto bankrupt america. Indeed,
911 itself; that ‘pearl harbor event’ so sought by the neo-cons / war mongers
still defies explanation (ie., the ‘stand-down order’, symmetrical implosions,
foreknowledge by some {who conveniently ‘missed the party’ that day}, etc..
Some links, echoing the unbelief akin to the ‘Jessica Lynch’, Tillman, etc., affairs follow. People must realize
that though having but 5% of the world’s
population, america can boast 76% of the world’s serial killers and the highest
crime rates in the world by far. http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto
bankrupt, fraudulent america also spends more on military spending than all the
nations of the world combined... federal employees / contractors, cia, all 3
branches of the u.s. government, etc., are included in this evolved american
trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ).
That perverse field of dreams I’ve previously alluded to, the american
nightmare, if you build / contrive war, they will come. And, they do; seals of
them (among others); and when their ‘tours’ are done, it’s murder inc./contract
killing for hire that they’ve won (cia, mob, etc.). The 20th century, the
‘bloodiest century’, not coincidentally referred to as the american century,
brings longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering
which primitive mindset they have mistakenly been conditioned to connect to
their now irretrievably lost success as a nation state; and to the contrary,
has become globally and domestically self-destructive / self-defeating. The
entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of
political desperation and Orwellian opportunism. ]
US
Postal Service reports $2.2B loss for quarter... [ And, let me add
that they deserved that loss. The USPS is totally unreliable and basically a
jobs program for the otherwise unemployable; and, they are also corrupt. I’ve
previously set forth the scenario where the postal service waylaid dvd disks
sent priority/confirmation and a second time, certified mail, to the FBI
(violations of federal law, tampering, obstruction, etc.), and ultimately
additional copies of said disks were delivered by the reliable, efficient,
competitive, performance-driven UPS (their parcel rates are roughly the same
and yet half the delivery time – Fedex is as unreliable as the USPS-and for
some time had a deal with the USPS). Amazon, Ebay, though a boon to the USPS,
have consistently failed to deliver in the realm of computers / peripherals.
The following includes a prior testimonial to the service, reliability of PRO
Computer Center ( http://www.procomputercenter.com Pro Computer Center, 10837 Santa Monica Blvd., Los Angeles,
CA 90025 ) .
Pro Computer Center is among the few remaining stores of their kind. They are
performance / service / customer oriented like no other surviving computer
retailer / repairer / service providers I’ve experienced. They’ve also moved
into the realm of computer forensics / data recovery in the context of court
proceedings where they’ve successfully performed where others failed and at
substantially more reasonable rates than ‘the competition’. My most recent computer problems accounting
for some website / posting delays has been once again been resolved by them and
another Dell computer (the circumstances of the most recent debacle was a
barrage of Trojans caught by my antivirus, one after another, then shutting
down my antivirus, ultimately freezing (no boot) my computer (I previously
alluded to my reasonable suspicions as to who perpetrated same). My experiences
with such as Amazon, Ebay have been atrocious and borderline if not outright
fraudulent (the shoddy sellers), time consuming, and aggravating in the ‘claims
process’. Moreover, the other brick and mortar stores, even if reputable, have
a fine print which lays most of the warrantee/ guarantee on the manufacturer.
In sum, Pro Computer Center does not have any ‘real’ competition. They are
currently building me a backup computer that comports with my budget and their
survival as a company, though somewhat rare among computer retailers of their
type, is totally understandable and a testament to high quality performance and
service. (Prior testimonial:
Pro Computer Center
10837 Santa Monica Blvd.
Los Angeles, CA 90025
Gentlemen:
I just wanted to extend to you and your company my sincere thanks
for a job well done. The Dell computer I recently purchased from you has lived
up to all your representations and as well, my own expectations. I bought my
first computer from you (Ben) in or around 1999. It was a Sony Vaio laptop
which owing to Windows Millenium and a very proprietary approach to computing on
the part of Sony, truth be told, was not the greatest system in terms of
stability (typical Millenium problems), but no fault of yours. Ultimately,
though functional, I traded the Vaio for a Mac, an accommodation by your
company seldom seen with other companies if at all (3+ years later). You’ve
always stood by your products / service, are available / accessible to field /
handle all questions / problems which is rare indeed. In Armand you have a
top-notch A+ Certified Tech who is patient, knowledgeable, and talented. Ruben,
in truth has been particularly instrumental in seeing to a smooth transition in
my recent dealings with your company as a knowledgeable IT Specialist and
especially as a savvy, capable manager. Since 1999 I’ve purchased five
computers from you and based upon performance, the sixth is assured.
Sincerely,
Albert L. Peia ) ]
Trump University's Unhappy
Students [ trump university … don’t make me laugh! ] Among the many things
that Donald Trump has stamped with his brand is a little-known endeavor called
Trump University. In Trump’s true exaggerational style, the university
isn’t what it appears to be. It isn’t an accredited university at all, but a
for-profit entity that sells classes on how to invest in and make money from
real estate. Some of its students claim in a class-action lawsuit in federal
court that the thing Trump University does best is sell its own classes.
Marcus Baram
over at Huffington Post has a thoroughly
reported piece on Trump University on Friday. I have spent part of the past
week digging into some of the same issues that Baram did.
The case
against Trump University alleges that “The primary lesson Trump University
teaches its students is how to spend more money by buying more Trump Seminars.”
Students say they were encouraged to raise the credit limit on their credit
cards so they could spend up to $35,000 to take a Trump University multi-day
seminar.
The case is
not new –it was filed last year in U.S. District Court in San Diego –but the
judge may rule on it as soon as this month. The complaint in the suit says
attorneys general in six states have received “numerous complaints against
Trump University” and the Texas Attorney General began investigating in January
2010.
George Sorial,
assistant general counsel at the Trump Organization, denies the suit’s claims.
Sorial told me that 11,000 students have taken Trump University courses and
most have been happy. He sent me copies of customer satisfaction surveys that
rank the courses highly. He also sent a video interview with Tarla Makaeff, one
of the plaintiffs in the class action suit, taken in August 2008 in Los Angeles
after a Trump U seminar, in which she praises the program.
Makaeff, a
former fashion and handbag designer in San Diego, says via email that the
video interview of her was manipulative, and that before it was taken she had
already complained toTrump University about not making any money off her
$35,000 investment in a seminar. “They … knew I had to give a positive
response [in the video] and cooperate with them and a camera being shoved in my
face in order to get further support and services from them for my $35,000
investment which I had yet to make any money off in 1 year despite verbal
promises otherwise since day one,” Makaeff continues in an email.
The Trump
Organization has also countersued Makaeff for $1 million, alleging defamation.
A judge has denied Makaeff’s motion to dismiss the counterclaim. Call it the
case of the billionaire vs. the handbag designer.
The question
is what affect, if any, the lawsuits might have on billionaire Donald Trump, should he
decide to run for president. Oh, and there’s a lesson, too. Before you decide
to spend $35,000 on a Trump University seminar, remember what its lawyers say:
“Trump University cannot guarantee riches any more than Harvard University can
guarantee a Rhodes Scholarship or MIT can guarantee a Nobel Prize.”
Dionne:
Who is Obama? Now we know. (Washington Post) [ Oh really? Now you tell us what you really
know about this fraud and failed president. Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke (a must read) | ‘…He has been covertly funded and supported
ever since by the Trilateral Commission and its network of foundations
connecting into the Ford Foundation, for whom Obama's mother worked... Does
anyone really believe that someone, a 'man of the people', would simply appear
from apparently nowhere to run the slickest and best-funded presidential
campaign in American history? He was chosen long ago by those who wish to
enslave the very people that Obama says he wants to 'set free'. The sources of
Obama funding .. - Goldman, UBS, Citi, Credit Suisse, Deutsche, J.P. Morgan
Chase, Morgan Stanley, etc. No wonder he went back on his pledge to accept the
limitations of public funding … Obama is just more of the same, a big smile
with strings attached, and controlled completely by those that chose him,
trained him, sold him and provided his record funding, kept his many skeletons
under wraps, like the gay sex and crack cocaine .. Larry Sinclair (from
affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp,
who is alleged to claim that someone claiming to represent me called asking for
$100,000, to keep me from coming forward about our (Obama and I) November 1999
encounter of sex and cocaine use?), ... Obama is just another Banksters' moll
prostituting himself .., and that's why he supported the grotesque bail-out of
the banking system and why he will always put their interests before the
people. His financial advisors are straight from the Wall Street 'A' list, …
Zionist Tim Geithner (Bilderberg Group, Trilateral Commission, Council on
Foreign Relations), was appointed Treasury Secretary, a former employee of both
the Council on Foreign Relations and the appalling Kissinger Associates.
Obama's Treasury team locks into the inner circle around the Zionist Robert
Rubin, Citi, Council on Foreign Relations, and economic advisor to Obama.
Rubin, ..Illuminati Bilderberg Group, the man behind Citi's debacle.. rescued
by taxpayers' money. The very people who caused the financial crisis ..
appointed by Obama .. 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
...’ Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street
accountable for the meltdown. ):
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
TRUMP
TO GIBBS: YOU'RE 'A LOSER' [‘Another trumped-up case of the pot calling the
kettle black’]... TRUMP: Obama
Not Worthy of Ivy Leagues... [ Talk about the pot calling the kettle
black … trump’s b.s., low grade (penn) ivy league (courtesy of papa mobster
trump who ‘twisted his arm to go’ so people would take him ‘seriously’ – papa
mobster trump would pound the undistinguished academically / athletically,
Donald with the mantra, ‘you’re a killer, you’re a king’ in film noir
melodramatic fashion which proved too much for the more balanced and ‘chosen /
favored’ elder brother trump who committed suicide. The old man also required
trump to go to prep / military / boarding school where according to a
classmate, Ted Levine, trump used to wet / pee in his bed. ) vegetable garden in the same manner as
dumbya bush … mobster trump and people like trump are part of the problem
(total b*** s***, fraud, etc., as in his home turf, mob-infested sinkholes,
jersey / new york), not the solution. Indeed, trump is an interesting mental
case in that he evolved from narcissist (those inflated grandiose moods coupled
with feelings of inferiority – he loved to obsessively read those hitler
speeches for inspiration and to pump himself up according to Ivana Trump) to
severe case of antisocial personality disorder [ predatory disregard for and
violation of the rights of others – hence, those sophomoric soundbite solutions
to complex problems as, ie., taking oil fields(Libya), 25% tariff on Chinese
(actually including american goods made in China), drug money laundering in his
casinos, bribery, etc. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
In a rational nation that wasn’t in decline as pervasively corrupt,
defacto bankrupt america, trump and sister Maryanne would both be in prison.
'Terrible
student,' not good enough for Harvard... Biden daughter
trashes Trump...
Bill Cosby slams: 'He's
full of it!'...
Trump
Takes On NYT, Gail Collins...
Admires
her for surviving 'so long with so little talent'...
NBCWSJ
POLL SHOCK: TRUMP #2 GOP [ NBC
where t_rump has his Jerry Springer
derivative shock-jock show and sinkhole new york's fraud street journal … poll?
… Don't make me laugh … Lawrence O'Donnell insists parent company
NBC consider firing Donald Trump Daily
Caller ... Milbank: Donald
trumps CPAC | Gibbs
gone (Washington
Post) [ Trump’s a loser, dressed up and
propped up by and to shill for a declining, fallen nation in the most corrupt
regions (ie., new york, jersey, etc.) of the country (every fallen nation has
such); of that there is no question …"Over the years I've participated in
many battles and have really almost come out very, very victorious every single
time," the Donald said. (Except for the bankruptc[ies], that is. [ trump’s
never won a battle that wasn’t fixed in advance (including the ‘pre-packaged
bankrupcies’ crammed down the throats of objecting creditors – jersey general ]
He also with his corrupt mob ilk 'chased' Steve Wynn out of jersey – Steve
Wynn's doing extremely well in Macau and Vegas.) "I've beaten many people
and companies, and I've won many wars," he added. (Though he didn't serve
in the military.) "I have fairly [according to mobster rules; ie.,
bribery, money laundering, etc.] but intelligently [ as any other mob boss …
trump is total b*** s***, a fraud, and lightweight … and, despite the façade,
quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of
american decline and part of the problem, not the solution! …trump also said
america’s become the laughingstock of the world … true enough … and trump the
biggest joke … NEWS FLASH: Direct from Lost Angeles
Learning Annex – Presenting mobster t_rump of new yoke, new joyzey, and now
caleefornia mob fame with his continuing message for the past several years:
buy real estate (and watch the values go down…..riiiiight!).
Bank
sues Trump over Chicago tower loan...
Trump
casino to miss interest payment...
trump’s fired (from ‘his own company’)
Gunfire Erupts Inside trump
Taj Mahal Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends
With Employee Killed – What else would you you expect from a mobster’s casino
in mob-infested jersey!
Trump luxury resort folds, leaving buyers
defrauded…litigation has commenced…send for sister maryanne, the corrupt
federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3rd circuit ct
appeals, understands drug money laundering/fraud and handles her own motions to
recuse her and like mobster trump should be in jail ... (see RICO
Case)] earned many
billions of dollars [ at whose expense ], which in a sense was both a scorecard
and acknowledgment of my abilities [ to fool most of the people, all of the
time. ] ." TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... [Don’t make me laugh! … Donald
T_rump Would Impose 25% Tax on China Imports if President [ trump also said america’s become the laughingstock of the world …
true enough … and trump the biggest joke … Indeed, that trump even posits the
possibility of a run when he should be in jail is a testament to just how big a
laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down
to it, this has been america’s most significant export. Indeed, this
irrevocable structural shift, hailed by cia men hw bush and clinton (clinton
couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no
uncertain terms condemned and warned against by Perot, a man of honor who,
unlike his opponents, could not be bought, which is the reason, in pervasively
corrupt america, he could never have been elected. Interestingly, you may have
noticed the good (but not great, other than the spotlight on pervasive bribery
including judges, police, politicians, etc., being far too light) the film ‘The
Untouchables’ getting a wide re-airing of late, purporting to be a significant
part of american folklore / history / culture. However, the reality is that in
america, and certainly today, the real story with impact is that of ‘The
Touchables’. The reality is that Elliot Ness died a broken man; bankrupt,
unable to even win election to the mayoralty of his then current hometown. He
was incorruptible; and hence, in the real america, unelectable at the least if
not also all but unemployable (he and his are among those few genetic anomalies
in america as I’ve previously alluded to. How far america has fallen from even
false perception! Pervasively corrupt, meaningfully lawless america can’t even
fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt
legal / judicial processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
… The pervasively corrupt
american illegal system … corrupt u.s. courts / (lawyers) / 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. ] “I would announce, without
equivocation, a 25% tax increase on anything purchased from China.” ]
Drudgereport:
US
Postal Service reports $2.2B loss for quarter...
MICHELLE:
KEEPS ON DANCING!
First
Lady to host rapper who talks of killing cops...
USA
FREAK OUT: TERROR FEARS; FALSE ALARMS...
Sen.
Schumer Calls For Amtrak 'Do Not Ride' List...
Two
tunnel 'breaches' cause scare in NYC...
Threats
Divert Planes in Three Separate Incidents...
Passengers,
flight crew subdue man banging on cockpit door...
Dallas
Train Station Evacuated: Man Asked For Help Carrying Packages...
4
Arrested For Videotaping TSA Line At Denver...
SHOCK PHOTO: TSA LOOKING FOR
'POOP BOMBS?'
U.S.-Pak.
Rift Widens...
Pak.
warns of 'full force' response to future US raids...
S&P
cuts Greece's rating...
BOEHNER
TO DEMAND NOT BILLIONS, BUT TRILLIONS
IN CUTS...
OIL
REBOUNDS; 2ND LARGEST GAIN ON RECORD...
REPORT:
Housing crash getting worse...
...values
fall fastest rate since '08
Michelle
Obama to host rapper at WH who talks of killing cops...
'COMMAND
CENTER'...
Pakistan
skeptical of U.S. claim bin Laden directed network...
Two loud explosions heard in town where bin Laden killed...
Videos
show 9-11 mastermind watching himself on TV...
U.S.
government censors tapes, cuts audio...
Inside
bin Laden's squalid home...
NYT:
Final days of domesticity...
Drone
Strike Kills 15 in Pakistan...
First
since bin Laden raid...
BIN
LADEN SUPPORTERS RAGE ON THE STREETS OF LONDON, VOW REVENGE...
Stage
mock funeral in front of US embassy...
Gas
nat'l average: $3.99...
Eats
9% of household budgets...
Average
price sets record in Indiana -- $4.25 a gallon...
$6.03
in Hawaii...
JAPAN
URGES HALT AT THREE REACTORS...
UNEMPLOYMENT
BACK UP TO 9.0%...
Fannie
Mae Reports $8.7B Loss for First Quarter...
Seeks
$8.5B more from taxpayers...
APRIL
JOBS: +244,000...
FUZZY
MATH: How can US add
jobs but the unemployment rate go up?
Gas
nat'l average: $3.99...
Eats
9% of household budgets...
Average
price sets record in Indiana -- $4.25 a gallon...
$6.03
in Hawaii...
Silver
Plunge Spreads...
OIL
GUTTED...
Price
Slide Temporary, New Highs Likely: Goldman...
Fears
linger of a new 'flash crash'...
Euro
Tumbles...
CNN
SHOCK POLL: RON PAUL HAS BEST CHANCE VS OBAMA
National
Home Prices Double Dip...
JOBLESS
CLAIMS RISE TO 8 MONTH HIGH...
Fears
linger of a new 'flash crash'...
9-11
FAMILY: 'SHOW US PROOF BIN LADEN KILLED'...
Victim's
father: Obama 'putting too much spotlight on himself'...
Channels
Bush at Ground Zero: 'We will never forget'...
Tells
teen survivor he knows
Justin Bieber...
Turns
Back on 9/11 Family Member...
AUDIO...
Muslim
Brotherhood urges review of Israel ties...
Pakistanis
burn U.S. flags; backlash over death grows...
Pakistan
officials: No resistance in 'cold-blooded' U.S. raid...
Warns
America not to stage any more...
Threatens
'disastrous consequences'...
Muslims
already name dump location 'Martyr's Sea'...
OBAMA,
NO PHOTOS OF OSAMA: 'We don't need to spike the football'...
'Conspiracy theorists will just claim doctored'...
Sen.
Scott Brown: 'I've seen picture, he's definitely dead'...
UPDATE:
Photo proving bin Laden's death to Sen. Brown was
faked...
three
senators fell for fakes...
UPDATE:
'The photo I saw and that a lot of other people saw is not authentic'...
Top
Dem: No photo needed, 'there's absolute proof'...
REUTERS RELEASES 'DEATH SCENE' PHOTOS
**WARNING GRAPHIC**
UPDATE: Photo proving bin Laden's death to Sen. Brown was faked...
Possibly
three senators fell for fakes...
Pakistan:
'Not a single bullet fired from compound'...
WIRE:
Photos from 1 hour after raid show 3 dead, no weapons...
The
Slippery Story of the bin Laden Kill...
Official says 'killed apparently
by the U.S. raid team'...
DOLLAR
HITS 3 YEAR LOW...
1
IN 7 ON FOOD STAMPS!
Job
numbers disappoint...
Treasury
suggests $2 trillion debt cap raise...
Boehner
seeks more than $2 trillion in cuts (Washington Post) [ I’m sure I’m not alone in thinking
‘Riiiiight! … that’ll happen … and all
without cuts to endless war spending … while the situation’s more than that
dire, the advice is … don’t hold your breath!
Milbank:
The GOP’s juvenile debate (Washington Post) [ Mr. Milbank has lamentably become the rush
limbaugh / sean hannity of the newspaper world, though he barks and apologizes
for dems (and wobama the b for b*** s***) only (as they for the gop / bushies
only). A
political minefield in Treasury plan
(Washington Post) [ What plan!
. Let
the budget battle begin Congress returns to a lengthy fight over the
nation’s solvency. (WP) [ Stated another way, the nation’s solvency is
over. .. america’s defacto bankrupt with no end in sight.. interest alone is
eating progressively into GDP beyond the subterfuge.. Gerson:
How serious are we about the deficit? (WP) [ Not much! I mean come on! Davis ‘… This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ … Suckers’
rally to keep suckers suckered: Philadelphia
Fed Depresses Economists Durden ‘..And here
comes the first indicator that Q2 GDP is about to be mass revised by everyone,
courtesy of Japan, and ongoing inflation pressures: the Philadelphia Fed
collapsed from a revised 43.4 (a 27 year high) to 18.5, the lowest since
November 2010… This is an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! U.S. Economy Remains on Life Support Hansen ‘
- The Federal Reserve press
conference contained almost no new economic insights; and,
- An FOMC
meeting with no policy changes or insights..
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’ Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street
accountable for the meltdown. ):
‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Editorial:
Bin Laden raid no vindication of torture (Washington
Post) [ While I don’t disagree with this Editorial, I do disagree with the
premise; viz., that they truly sought to prevent that ultimate ‘pearl harbor
event’, to ratchet up the war spending / military industrial complex welfare
plan with broad based enthusiasm / support. Even war-monger mccain supports
this which also finds support in international law, treaties, conventions.I can
only wonder what the presence of substantially underrated President General
Eisenhower would have meant, and truly believe this entire debacle and the
nation’s decline would have been avoided.
“All
In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His
Remarkable And Unique Warnings Given For Naught” [ I personally believe, and the factual, historical realities
support that President General Eisenhower is without question the most
under-rated president in america’s short-lived history. Is there anyone who
foolishly would believe this man (Ike) of honor, the quintessential General /
Commander in Chief would be sacrificing lives (american among many others) and
treasury for the sake of war profiteers, greed, fraud, etc., as now? ] President Eisenhower’s warned us about the
growing threat from the military-industrial complex – and it’s threat to our
prosperity – 50 years ago. Eisenhower’s
Worst Fears Have Been Realized Washington’s Blog | All in
all it appears that Eisenhower’s worst fears have been realized and his
remarkable and unique warnings given for naught. . Indeed, 911 itself; that ‘pearl harbor event’ so sought by
the neo-cons / war mongerers still defies explanation (ie., the ‘stand-down
order’, symmetrical implosions, foreknowledge by some {who conveniently ‘missed
the party’ that day}, etc.. Some links, echoing the unbelief akin to the
‘Jessica Lynch’, Tillman, etc., affairs
follow. People must realize that though having but
5% of the world’s population, america can boast 76% of the world’s serial
killers and the highest crime rates in the world by far. That perverse field of
dreams I’ve previously alluded to, the american nightmare, if you build /
contrive war, they will come. And, they do; seals of them (among others); and
when their ‘tours’ are done, it’s murder inc./contract killing for hire that
they’ve won (cia, mob, etc.). The 20th century, the ‘bloodiest century’, not
coincidentally referred to as the american century, brings longings of
nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering
which primitive mindset they have mistakenly been conditioned to connect to
their now irretrievably lost success as a nation state; and to the contrary,
has become globally and domestically self-destructive / self-defeating. The
entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of
political desperation and Orwellian opportunism.
Tea
party vs. the RINOs Activists and lawmakers are split on what’s next. (Washington Post) [ Ah, yes! Those activists … those
musket-bearing tea partyers … riiiiight, gotcha. What Mr. Milbank conveniently
omits (too obvious, maybe?) is that the Tea Party is particularly adversarial
to the DINs (democrat in name). Truth be told, I really don’t follow the Tea
Party; but, it’s also true I don’t follow the democrats or republicans either.
After all, I don’t consider myself a lemming, propelled to the precipice so to
speak; and, moreover, posit an inevitable futility in light of past (and
future) events. If only they had listened … made love, not war! Well, like the
scorpion, it’s in their nature (I’m sure you remember that fable). Speaking of
fables, they’re getting downright primetime:
The Osama Deception Corbett
Report | James Corbett breaks down the Osama raid hoax and the “home
video” footage.
Poll Reveals Most Mistrust Bin Laden Assassination Story Kurt
Nimmo | Only 10 percent believe the official fairy tale.
Internal Passport: Terror Alert Overload Leads To Call
For “No Ride List” Watson | Resurrection of Osama sees Israeli-style
security coming to the streets of America.
10 Facts That Prove The Bin Laden Fable Is a Contrived Hoax Paul
Watson | Every indication clearly points to last Sunday’s raid being a
manufactured ploy to return Americans to a state of post-9/11 intellectual
castration.
War on Terror is a Reichstag Fire False Flag Operation Sartre
| If you really want justice for the 911 murders, you must face
reality and look within your own government for the true terrorists.
Why Does the Terrorist Kingpin Look Better Than He Did in
2001? Washington’s Blog | In the newly-release
videos, Bin Laden looks better than he did years ago.
Bin Laden Hoax….The Rest Of The Story Tony
Cartalucci | Even a superficial examination of mainstream media’s
headlines and interviews with the CIA director himself calls into question the
official narrative.
Hoax: White House Claims 4-Year-Old Bin Laden Video Is New
Footage Paul Joseph Watson | Dubious Bin Laden
“Home Movies” Identical To Tapes Released 4 Years Ago By Pentagon Front Group
Then, of course, there’s
also: that ‘pearl harbor event’ so sought by the neo-cons / war mongers still
defies explanation (ie., the ‘stand-down order’, symmetrical implosions,
foreknowledge by some {who conveniently ‘missed the party’ that day}, etc..
Some links, echoing the unbelief akin to the ‘Jessica Lynch’, Tillman, etc., affairs follow. People must realize
that though having but 5% of the world’s
population, america can boast 76% of the world’s serial killers, and the
highest crime rates in the world by far.
]
More
talk on troubled borrowers fund
State attorneys general descend on Washington to negotiate aid for
troubled homeowners … More
bad economic news for Greece A year
into its rescue program, the country is behind schedule and may require more
help to stay solvent.
(Washington
Post) [ And don’t forget the
troubled states. Ask Meredith Whitney! She was right last time, and this time,
like last last time, she’s takin’ it on the chin from the permabull wall street
frauds: Meredith
Whitney Sticks to Her Guns Today Roche ‘Talk about holding onto a losing
trade. At the Milken Conference yesterday, Meredith Whitney said there was
nothing controversial about her muni call, maintaining that she has more
conviction about the muni crisis call than anything in her entire career. Via
Bloomberg:
Whitney said on the panel, “It’s not that big of a
call..There’s nothing controversial about that call, if you look at the
numbers.”
“You can criticize me for everything you want, I’m
just numb to it because I have more conviction on this than I’d had on any
single thing in my career.”
On the same panel, David Solomon, Goldman Sachs’
co-head of investment banking said, “I don’t think we’re doomed. I think the
resources available to us, and the changes that will evolve as we come out of a
very, very difficult economic period that we’ve been stuck in over the past
couple of years, will provide more flexibility than I think Meredith believes.”
Whitney is certainly right that the states are
suffering fiscal woes; however, as we’ve seen in Europe, there are mechanisms
that can be utilized to combat these issues. While I still maintain that there
is a chance of local defaults, I think the United States will be proactive in
fending off a euro-style crisis.
And that means the US federal government will do what
it has always done. It will credit the bank accounts of the states in order to
ensure that any single municipality cannot cause widespread economic hardship
throughout the United States. This would be nothing new. The US has always
credited the bank accounts of the states that are part of this union.
If Europe was truly united, we would see the same
thing occurring in Europe; however, because it's not united, it instead chooses
austerity due to fears of inflation. The reality is that the ECB is not
creating inflation; it's merely stopping the potentially deflationary debacle
that would ensue with sovereign defaults.
I would hope that a truly
United States of America would be a bit more caring of its own member
states.’
Strange Week: Wall Street Takes a Dive Hansen
‘Strange week on Wall Street.
Weekly
unadjusted initial unemployment claims popped above the 2010 year-ago number.
http://static.seekingalpha.com/uploads/2011/5/8/saupload_z_unemployment2.png
China
chided over fiscal policies China
has bigger-than-forecast surplus (Washington Post) [ Arguing with
success … that new axiom for pervasively corrupt, defacto bankrupt america,
supplanting that old cliché that ‘you can’t argue with success’. Chided over
fiscal policies as China has bigger-than-forecast surplus … Is this some
parallel universe that pervasively corrupt, defacto bankrupt america operates
in? If only China had the benefit of my own experience in meaningfully lawless
america, I’d say they’d easily defend the onslaught of disingenuous rhetoric
(and a bit late) from pervasively corrupt, defacto bankrupt america. Indeed,
911 itself; that ‘pearl harbor event’ so sought by the neo-cons / war mongerers
still defies explanation (ie., the ‘stand-down order’, symmetrical implosions,
foreknowledge by some {who conveniently ‘missed the party’ that day}, etc..
Some links, echoing the unbelief akin to the ‘Jessica Lynch’, Tillman, etc., affairs follow. People must realize
that though having but 5% of the world’s
population, america can boast 76% of the world’s serial killers and the highest
crime rates in the world by far. http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto
bankrupt, fraudulent america also spends more on military spending than all the
nations of the world combined... federal employees / contractors, cia, all 3
branches of the u.s. government, etc., are included in this evolved american
trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ),
That perverse field of dreams I’ve previously alluded to, the american
nightmare, if you build / contrive war, they will come. And, they do; seals of
them (among others); and when their ‘tours’ are done, it’s murder inc./contract
killing for hire that they’ve won (cia, mob, etc.). The 20th century, the
‘bloodiest century’, not coincidentally referred to as the american century,
brings longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering
which primitive mindset they have mistakenly been conditioned to connect to
their now irretrievably lost success as a nation state; and to the contrary,
has become globally and domestically self-destructive / self-defeating. The
entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of
political desperation and Orwellian opportunism. ]
Milbank:
The GOP’s juvenile debate (Washington
Post) [ Mr. Milbank has lamentably become the rush limbaugh / sean hannity of
the newspaper world, though he barks and apologizes for dems (and wobama the b
for b*** s***) only (as limbaugh / hannity for the gop / bushies only). A
political minefield in Treasury plan
(Washington Post) Questions
about deficit and growth complicate Treasury’s plan to overhaul corporate
taxes. [ What plan! . Let
the budget battle begin After two weeks of tumultuous meetings with
constituents, Congress returns to a lengthy fight over the nation’s solvency.
(WP) [
Or more aptly put, stated another way, the nation’s solvency is over. ..
america’s defacto bankrupt with no end in sight.. interest alone is eating
progressively into GDP beyond the subterfuge.. Gerson:
How serious are we about the deficit? (WP) [ Not much! I mean come on! Davis ‘… This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ … Suckers’
rally to keep suckers suckered: Philadelphia
Fed Depresses Economists Durden ‘..And here
comes the first indicator that Q2 GDP is about to be mass revised by everyone,
courtesy of Japan, and ongoing inflation pressures: the Philadelphia Fed
collapsed from a revised 43.4 (a 27 year high) to 18.5, the lowest since
November 2010… This is an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! U.S. Economy Remains on Life Support Hansen ‘
- The Federal Reserve press
conference by Chairman Bernanke which contained almost no new economic
insights; and,
- An FOMC
meeting with no policy changes or insights..
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’ Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street
accountable for the meltdown. ):
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Pledge
not squaring with reality Obama’s
vow to boost middle-class economic security at odds with corporate profits,
unemployment. (Washington Post) [CEOs’
pay: It’s as if the Great Recession never happened (Washington Post) The typical big-business CEO made $9
million last year, exceeding pre-recession level. [ And ‘worth every penny’?
Not likely in pervasively corrupt, defacto bankrupt america, leaders no more
except in fraud, crime, manipulation, subterfuge. Imagine the comparisons to
their foreign counterparts where value still has meaning. As if ‘never
happened? How ‘bout not over, and worse to come! UBS
bank admits rigging bids (WP) Swiss
bank reaped millions of dollars of illegal profits by rigging municipal bond
transactions in 36 states, government said. [ The key here is ‘Swiss’ and
‘millions of dollars of illegal profits’ when the american banks / wall street
frauds’ generated hundreds of billions in illegal profits, which frauds
continue to this day by way of slightly subdued high-frequency trading /
commission-generated scams along with cover-up and cash-out from the last,
still unprosecuted fraud in the trillions for which disgorgement, fines is long
overdue. 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating long-term
economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows ]
Meredith
Whitney Sticks to Her Guns Today Roche ‘Talk about holding onto a losing
trade. At the Milken Conference yesterday, Meredith Whitney said there was
nothing controversial about her muni call, maintaining that she has more
conviction about the muni crisis call than anything in her entire career. Via
Bloomberg:
Whitney said on the panel, “It’s not that big of a
call..There’s nothing controversial about that call, if you look at the
numbers.”
“You can criticize me for everything you want, I’m
just numb to it because I have more conviction on this than I’d had on any
single thing in my career.”
On the same panel, David Solomon, Goldman Sachs’
co-head of investment banking said, “I don’t think we’re doomed. I think the
resources available to us, and the changes that will evolve as we come out of a
very, very difficult economic period that we’ve been stuck in over the past
couple of years, will provide more flexibility than I think Meredith believes.”
Whitney is certainly right that the states are
suffering fiscal woes; however, as we’ve seen in Europe, there are mechanisms
that can be utilized to combat these issues. While I still maintain that there
is a chance of local defaults, I think the United States will be proactive in
fending off a euro-style crisis.
And that means the US federal government will do what
it has always done. It will credit the bank accounts of the states in order to
ensure that any single municipality cannot cause widespread economic hardship
throughout the United States. This would be nothing new. The US has always
credited the bank accounts of the states that are part of this union.
If Europe was truly united, we would see the same
thing occurring in Europe; however, because it's not united, it instead chooses
austerity due to fears of inflation. The reality is that the ECB is not
creating inflation; it's merely stopping the potentially deflationary debacle
that would ensue with sovereign defaults.
I would hope that a truly United States of
America would be a bit more caring of its own member states.’
Don't
Be Fooled By The Jobs Report
Harding ‘This was a week that confirmed that the economic recovery has
stalled.
We knew from
the previous week that economic growth (GDP) slowed to just 1.8% in the March
quarter from 3.1% in the December quarter. This week it was reported that
the ISM Non-Mfg Index, which tracks the service sector of the economy, plunged
to 52.8 in April from 57.3 in March (versus the consensus estimate of
economists that it would improve to 57.8).
It was a
shocking report since the ISM Non-Manufacturing Index covers just about every
business sector– everything from education, healthcare, finance, insurance and
retail, to technology services, transportation, and mining, accounting for more
than 80% of U.S. employment. At the same time it was reported that the ISM New
Orders Index also plunged substantially, from 64.1 in March to 52.7 in April,
not encouraging for service sector business activity for the next few months.
Commodity
markets, already worried about what slowing global economies would do to demand
for materials and supplies, reacted with further substantial declines. By the
close on Thursday, the price of crude oil had collapsed from its high of
$114.80 a barrel a week ago, to $99.75. The S&P GSCI Index of 24 raw
materials fell 11.5% in just five days.
Fortunately,
the stock market’s reaction to the further evidence that the economic recovery
is in trouble was more muted. By the close on Thursday, the S&P 500 was
down only 1.8% for the week.
And
thankfully, on Friday morning the Labor Department released its monthly jobs
report, which showed that 244,000 new jobs were created in April, 60,000 more
than had been forecast, and the stock market surged up in reaction, with the
Dow up 150 points within minutes of the market’s open.
Indeed the
jobs report was good news, even though it was also reported that the
unemployment rate rose to 9.0% from its previous level of 8.8%. But did the
better than expected jobs report cancel out the even more surprising plunge in
the ISM service sector index in April, reported the previous day?
I don’t think
so. Even within the employment report the numbers show that 13.7 million people
remained unemployed in April, still almost double the number just before the
last recession began in December, 2007. Including part-time workers who
have not been able to find full-time jobs, and those who have given up looking
for a job, the “underemployed” rate rose to 15.9% in April. That seems to more
closely resemble what the ISM Index said about the economy slowing further in
April.
And here’s the
thing about the Labor Department’s monthly jobs report. As my subscribers know,
I have always called it ‘The Big One’ as far as economic reports go.
That’s because it’s so difficult for economists to forecast that it comes in
with a big surprise in one direction or the other more often than any other
series of reports. And that surprise results in a one or two day triple-digit
move by the Dow in one direction or the other more often than any other report.
But the rest
of that pattern is that the move is then most often reversed over the following
two or three days, and the market returns to whatever its focus was before the
report.
In this
instance, with the 1st quarter earnings reporting season pretty much
over, that is liable to be a refocus on the slowing economic recovery that had
it troubled prior to the jobs report.
Meanwhile, the
collapse in commodity prices was another example of what happens when markets
become overbought, and investor sentiment reaches extremes of bullishness, as
was the case with commodities. The consensus opinion a week ago was that they
could only move higher. $2,000 gold, $75 silver, $150 a barrel oil seemed
assured. But when a surprise hits and investors head in a rush for the exit
they discover they can’t all get through the door at once. Since most everyone
interested in commodities was already invested there was no one willing to buy
what they wanted to sell except at much lower prices.
Perhaps a
cautionary tale for the stock market as it enters its unfavorable season with
investors so bullish and anxious to jump in on any dip?’
Three-Theme Monty: Economic Conditions, Commodity Rally / Rout,
Euro Crisis
A Rough Week for World Markets Short ‘This past week was a downer across major
world markets. The Nikkei 225 is the one index showing a fractional gain, but
it was closed three of the last six market days. The DAX was down fractionally,
but the other markets finished deeper in the red. The table below shows the
three-week trend of the seven markets I've been tracking in this series.
[
chart http://static.seekingalpha.com/uploads/2011/5/9/saupload_world_indexes_weekly_comp_110506_table.png ]
The chart
below illustrates the comparative performance of World Markets since March 9,
2009. The start date is arbitrary: The S&P 500 and BSE SENSEX hit their lows
on March 9th, the Nikkei 225 on March 10th, the DAX on March 6th, the FTSE on
March 3rd, the Shanghai Composite on November 4, 2008, and the Hang Seng even
earlier on October 27, 2008. However, by aligning on the same day and measuring
the percent change, we get a better sense of the relative performance than if
we align the lows.
[
chart Click
for a larger image ]
A Longer Look
Back
Here is the
same chart starting from the turn of 21st century. The relative
over-performance of the emerging markets (Shanghai, Mumbai, Hang Seng) is
readily apparent.
[
chart Click
for a larger image ]‘
Alan
Greenspan “Betrayed” Ayn Rand [ Ayn Rand … Is that all? … If it was only Ayn
Rand ] and Ruined the Economy [ With
‘no-recession-helicopter-ben’s coup de grace’, so to speak, in finishing ‘the
job’. ] - Aaron Task "Ayn Rand would have never
advocated for the kind of policies Alan Greenspan instituted," says Yaron
Brook, President of the Ayn Rand Institute.
The
Cost of Bin Laden: $3 Trillion Over 15 Years What do we have to show for
that tab? Two wars that continue to occupy 150,000 troops and tie up a quarter
of our defense budget; a bloated homeland-security apparatus that has at times
pushed the bounds of civil liberty.
Paul
Craig Roberts: What Is The Agenda Behind The Bin Laden Fable?
My
mother is still gone The daughter
of a 9/11 victim reflects on bin Laden’s death. (Washington Post) Parker:
Bin Laden death was anti-climactic [ Paul
Craig Roberts: What Is The Agenda Behind The Bin Laden Fable? The US
government’s bin Laden story was so poorly crafted that it did not last 48
hours before being fundamentally altered. What agenda or agendas is the “death
of bin Laden” designed to further? US Government Contractor Claims “Al-Qaeda” Has Confirmed
Bin Laden Fairytale Paul Joseph Watson | SITE
organization was behind release of fake “Al-Qaeda” tapes released at
politically opportune times stretching back years Red Alert: Help Stop False Flag Terror Infowars.com
| Alex warns about the potential for another false flag attack, urging
listeners to call the White House. Terrorist Hunter: General Under Wolfowitz Told Me 9/11
Was False Flag Infowars.com | Government insider
Dr. Steve R. Pieczenik cannot be dismissed as a “conspiracy theorist.” Pieczenik: The Psychological Resurrection of Osama Bin
Laden Infowars.com | Critically acclaimed author of
psycho-political thrillers, Steve Pieczenik continues his analysis of the
so-called death of Osama bin Laden. The
Cost of Bin Laden: $3 Trillion Over 15 Years What do we have to show for
that tab? Two wars that continue to occupy 150,000 troops and tie up a quarter
of our defense budget; a bloated homeland-security apparatus that has at times
pushed the bounds of civil liberty.
Red Alert:
Help Stop False Flag Terror Alex Jones calls in to warn about the potential
for another false flag attack, urging listeners to activate, call the White
House and try to stop the attack. Counter-terrorism expert Dr. Steve Pieczenik
concurs with Alex’s outlook and urges the good men and women inside the system
to say no to this shameful and dangerous tactic.
The
Week Ahead: Is the Worst Over? [ Over?
Much worse is yet to come! This is an
especially great opportunity to sell / take profits while you still can since
there's much, much worse to come! ]
Trump University's Unhappy
Students [ trump university … don’t make me laugh! ] Among the many things
that Donald Trump has stamped with his brand is a little-known endeavor called
Trump University. In Trump’s true exaggerational style, the university
isn’t what it appears to be. It isn’t an accredited university at all, but a
for-profit entity that sells classes on how to invest in and make money from
real estate. Some of its students claim in a class-action lawsuit in federal
court that the thing Trump University does best is sell its own classes.
Marcus Baram
over at Huffington Post has a thoroughly
reported piece on Trump University on Friday. I have spent part of the past
week digging into some of the same issues that Baram did.
The case
against Trump University alleges that “The primary lesson Trump University
teaches its students is how to spend more money by buying more Trump Seminars.”
Students say they were encouraged to raise the credit limit on their credit
cards so they could spend up to $35,000 to take a Trump University multi-day
seminar.
The case is
not new –it was filed last year in U.S. District Court in San Diego –but the
judge may rule on it as soon as this month. The complaint in the suit says
attorneys general in six states have received “numerous complaints against
Trump University” and the Texas Attorney General began investigating in January
2010.
George Sorial,
assistant general counsel at the Trump Organization, denies the suit’s claims.
Sorial told me that 11,000 students have taken Trump University courses and
most have been happy. He sent me copies of customer satisfaction surveys that
rank the courses highly. He also sent a video interview with Tarla Makaeff, one
of the plaintiffs in the class action suit, taken in August 2008 in Los Angeles
after a Trump U seminar, in which she praises the program.
Makaeff, a
former fashion and handbag designer in San Diego, says via email that the
video interview of her was manipulative, and that before it was taken she had
already complained toTrump University about not making any money off her
$35,000 investment in a seminar. “They … knew I had to give a positive
response [in the video] and cooperate with them and a camera being shoved in my
face in order to get further support and services from them for my $35,000
investment which I had yet to make any money off in 1 year despite verbal
promises otherwise since day one,” Makaeff continues in an email.
The Trump
Organization has also countersued Makaeff for $1 million, alleging defamation.
A judge has denied Makaeff’s motion to dismiss the counterclaim. Call it the
case of the billionaire vs. the handbag designer.
The question
is what affect, if any, the lawsuits might have on billionaire Donald Trump, should he
decide to run for president. Oh, and there’s a lesson, too. Before you decide
to spend $35,000 on a Trump University seminar, remember what its lawyers say:
“Trump University cannot guarantee riches any more than Harvard University can
guarantee a Rhodes Scholarship or MIT can guarantee a Nobel Prize.”
Dionne:
Who is Obama? Now we know. (Washington Post) [ Oh really? Now you tell us what you really
know about this fraud and failed president. Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke (a must read) | ‘…He has been covertly funded and supported
ever since by the Trilateral Commission and its network of foundations
connecting into the Ford Foundation, for whom Obama's mother worked... Does
anyone really believe that someone, a 'man of the people', would simply appear
from apparently nowhere to run the slickest and best-funded presidential
campaign in American history? He was chosen long ago by those who wish to
enslave the very people that Obama says he wants to 'set free'. The sources of
Obama funding .. - Goldman, UBS, Citi, Credit Suisse, Deutsche, J.P. Morgan
Chase, Morgan Stanley, etc. No wonder he went back on his pledge to accept the
limitations of public funding … Obama is just more of the same, a big smile
with strings attached, and controlled completely by those that chose him,
trained him, sold him and provided his record funding, kept his many skeletons
under wraps, like the gay sex and crack cocaine .. Larry Sinclair (from
affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp,
who is alleged to claim that someone claiming to represent me called asking for
$100,000, to keep me from coming forward about our (Obama and I) November 1999
encounter of sex and cocaine use?), ... Obama is just another Banksters' moll
prostituting himself .., and that's why he supported the grotesque bail-out of
the banking system and why he will always put their interests before the
people. His financial advisors are straight from the Wall Street 'A' list, …
Zionist Tim Geithner (Bilderberg Group, Trilateral Commission, Council on
Foreign Relations), was appointed Treasury Secretary, a former employee of both
the Council on Foreign Relations and the appalling Kissinger Associates.
Obama's Treasury team locks into the inner circle around the Zionist Robert
Rubin, Citi, Council on Foreign Relations, and economic advisor to Obama.
Rubin, ..Illuminati Bilderberg Group, the man behind Citi's debacle.. rescued
by taxpayers' money. The very people who caused the financial crisis ..
appointed by Obama .. 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
...’ Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street
accountable for the meltdown. ):
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
TRUMP
TO GIBBS: YOU'RE 'A LOSER' [‘Another trumped-up case of the pot calling the
kettle black’]... TRUMP: Obama
Not Worthy of Ivy Leagues... [ Talk about the pot calling the kettle
black … trump’s b.s., low grade (penn) ivy league (courtesy of papa mobster
trump who ‘twisted his arm to go’ so people would take him ‘seriously’ – papa
mobster trump would pound the undistinguished academically / athletically,
Donald with the mantra, ‘you’re a killer, you’re a king’ in film noir
melodramatic fashion which proved too much for the more balanced and ‘chosen /
favored’ elder brother trump who committed suicide. The old man also required
trump to go to prep / military / boarding school where according to a classmate,
Ted Levine, trump used to wet / pee in his bed. ) vegetable garden in the same manner as dumbya bush … mobster
trump and people like trump are part of the problem (total b*** s***, fraud,
etc., as in his home turf, mob-infested sinkholes, jersey / new york), not the
solution. Indeed, trump is an interesting mental case in that he evolved from
narcissist (those inflated grandiose moods coupled with feelings of inferiority
– he loved to obsessively read those hitler speeches for inspiration and to pump
himself up according to Ivana Trump) to severe case of antisocial personality
disorder [ predatory disregard for and violation of the rights of others –
hence, those sophomoric soundbite solutions to complex problems as, ie., taking
oil fields(Libya), 25% tariff on Chinese (actually including american goods
made in China), drug money laundering in his casinos, bribery, etc. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
In a rational nation that wasn’t in decline as pervasively corrupt,
defacto bankrupt america, trump and sister Maryanne would both be in prison.
'Terrible
student,' not good enough for Harvard... Biden daughter
trashes Trump...
Bill Cosby slams: 'He's
full of it!'...
Trump
Takes On NYT, Gail Collins...
Admires
her for surviving 'so long with so little talent'...
NBCWSJ
POLL SHOCK: TRUMP #2 GOP [ NBC
where t_rump has his Jerry Springer
derivative shock-jock show and sinkhole new york's fraud street journal … poll?
… Don't make me laugh … Lawrence O'Donnell insists parent company
NBC consider firing Donald Trump Daily
Caller ... Milbank: Donald
trumps CPAC | Gibbs
gone (Washington
Post) [ Trump’s a loser, dressed up and
propped up by and to shill for a declining, fallen nation in the most corrupt
regions (ie., new york, jersey, etc.) of the country (every fallen nation has
such); of that there is no question …"Over the years I've participated in
many battles and have really almost come out very, very victorious every single
time," the Donald said. (Except for the bankruptc[ies], that is. [ trump’s
never won a battle that wasn’t fixed in advance (including the ‘pre-packaged
bankrupcies’ crammed down the throats of objecting creditors – jersey general ]
He also with his corrupt mob ilk 'chased' Steve Wynn out of jersey – Steve
Wynn's doing extremely well in Macau and Vegas.) "I've beaten many people
and companies, and I've won many wars," he added. (Though he didn't serve
in the military.) "I have fairly [according to mobster rules; ie., bribery,
money laundering, etc.] but intelligently [ as any other mob boss … trump is
total b*** s***, a fraud, and lightweight … and, despite the façade, quite
insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of
american decline and part of the problem, not the solution! …trump also said
america’s become the laughingstock of the world … true enough … and trump the
biggest joke … NEWS FLASH: Direct from Lost Angeles
Learning Annex – Presenting mobster t_rump of new yoke, new joyzey, and now
caleefornia mob fame with his continuing message for the past several years:
buy real estate (and watch the values go down…..riiiiight!).
Bank
sues Trump over Chicago tower loan...
Trump
casino to miss interest payment...
trump’s fired (from ‘his own company’)
Gunfire Erupts Inside trump
Taj Mahal Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends
With Employee Killed – What else would you you expect from a mobster’s casino
in mob-infested jersey!
Trump luxury resort folds, leaving buyers
defrauded…litigation has commenced…send for sister maryanne, the corrupt
federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3rd circuit ct
appeals, understands drug money laundering/fraud and handles her own motions to
recuse her and like mobster trump should be in jail ... (see RICO
Case)] earned many
billions of dollars [ at whose expense ], which in a sense was both a scorecard
and acknowledgment of my abilities [ to fool most of the people, all of the
time. ] ." TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... [Don’t make me laugh! … Donald
T_rump Would Impose 25% Tax on China Imports if President [ trump also said america’s become the laughingstock of the world …
true enough … and trump the biggest joke … Indeed, that trump even posits the
possibility of a run when he should be in jail is a testament to just how big a
laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down
to it, this has been america’s most significant export. Indeed, this
irrevocable structural shift, hailed by cia men hw bush and clinton (clinton
couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no
uncertain terms condemned and warned against by Perot, a man of honor who,
unlike his opponents, could not be bought, which is the reason, in pervasively
corrupt america, he could never have been elected. Interestingly, you may have
noticed the good (but not great, other than the spotlight on pervasive bribery
including judges, police, politicians, etc., being far too light) the film ‘The
Untouchables’ getting a wide re-airing of late, purporting to be a significant
part of american folklore / history / culture. However, the reality is that in
america, and certainly today, the real story with impact is that of ‘The
Touchables’. The reality is that Elliot Ness died a broken man; bankrupt,
unable to even win election to the mayoralty of his then current hometown. He
was incorruptible; and hence, in the real america, unelectable at the least if
not also all but unemployable (he and his are among those few genetic anomalies
in america as I’ve previously alluded to. How far america has fallen from even
false perception! Pervasively corrupt, meaningfully lawless america can’t even
fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal
/ judicial processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
… The pervasively corrupt american
illegal system … corrupt u.s. courts / (lawyers) / 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. ] “I would announce, without
equivocation, a 25% tax increase on anything purchased from China.” ]
Drudgereport:
USA
FREAK OUT: TERROR FEARS; FALSE ALARMS...
Sen.
Schumer Calls For Amtrak 'Do Not Ride' List...
Two
tunnel 'breaches' cause scare in NYC...
Threats
Divert Planes in Three Separate Incidents...
Passengers,
flight crew subdue man banging on cockpit door...
Dallas
Train Station Evacuated: Man Asked For Help Carrying Packages...
4
Arrested For Videotaping TSA Line At Denver...
SHOCK PHOTO: TSA LOOKING FOR
'POOP BOMBS?'
U.S.-Pak.
Rift Widens...
Pak.
warns of 'full force' response to future US raids...
S&P
cuts Greece's rating...
BOEHNER
TO DEMAND NOT BILLIONS, BUT TRILLIONS
IN CUTS...
OIL
REBOUNDS; 2ND LARGEST GAIN ON RECORD...
REPORT:
Housing crash getting worse...
...values
fall fastest rate since '08
Michelle
Obama to host rapper at WH who talks of killing cops...
'COMMAND
CENTER'...
Pakistan
skeptical of U.S. claim bin Laden directed network...
Two loud explosions heard in town where bin Laden killed...
Videos
show 9-11 mastermind watching himself on TV...
U.S.
government censors tapes, cuts audio...
Inside
bin Laden's squalid home...
NYT:
Final days of domesticity...
Drone
Strike Kills 15 in Pakistan...
First
since bin Laden raid...
BIN
LADEN SUPPORTERS RAGE ON THE STREETS OF LONDON, VOW REVENGE...
Stage
mock funeral in front of US embassy...
Gas
nat'l average: $3.99...
Eats
9% of household budgets...
Average
price sets record in Indiana -- $4.25 a gallon...
$6.03
in Hawaii...
JAPAN
URGES HALT AT THREE REACTORS...
UNEMPLOYMENT
BACK UP TO 9.0%...
Fannie
Mae Reports $8.7B Loss for First Quarter...
Seeks
$8.5B more from taxpayers...
APRIL
JOBS: +244,000...
FUZZY
MATH: How can US add
jobs but the unemployment rate go up?
Gas
nat'l average: $3.99...
Eats
9% of household budgets...
Average
price sets record in Indiana -- $4.25 a gallon...
$6.03
in Hawaii...
Silver
Plunge Spreads...
OIL
GUTTED...
Price
Slide Temporary, New Highs Likely: Goldman...
Fears
linger of a new 'flash crash'...
Euro
Tumbles...
CNN
SHOCK POLL: RON PAUL HAS BEST CHANCE VS OBAMA
National
Home Prices Double Dip...
JOBLESS
CLAIMS RISE TO 8 MONTH HIGH...
Fears
linger of a new 'flash crash'...
9-11
FAMILY: 'SHOW US PROOF BIN LADEN KILLED'...
Victim's
father: Obama 'putting too much spotlight on himself'...
Channels
Bush at Ground Zero: 'We will never forget'...
Tells
teen survivor he knows
Justin Bieber...
Turns
Back on 9/11 Family Member...
AUDIO...
Muslim
Brotherhood urges review of Israel ties...
Pakistanis
burn U.S. flags; backlash over death grows...
Pakistan
officials: No resistance in 'cold-blooded' U.S. raid...
Warns
America not to stage any more...
Threatens
'disastrous consequences'...
Muslims
already name dump location 'Martyr's Sea'...
OBAMA,
NO PHOTOS OF OSAMA: 'We don't need to spike the football'...
'Conspiracy theorists will just claim doctored'...
Sen.
Scott Brown: 'I've seen picture, he's definitely dead'...
UPDATE:
Photo proving bin Laden's death to Sen. Brown was
faked...
three
senators fell for fakes...
UPDATE:
'The photo I saw and that a lot of other people saw is not authentic'...
Top
Dem: No photo needed, 'there's absolute proof'...
REUTERS RELEASES 'DEATH SCENE' PHOTOS
**WARNING GRAPHIC**
UPDATE: Photo proving bin Laden's death to Sen. Brown was faked...
Possibly
three senators fell for fakes...
Pakistan:
'Not a single bullet fired from compound'...
WIRE:
Photos from 1 hour after raid show 3 dead, no weapons...
The
Slippery Story of the bin Laden Kill...
Official says 'killed apparently
by the U.S. raid team'...
DOLLAR
HITS 3 YEAR LOW...
1
IN 7 ON FOOD STAMPS!
Job
numbers disappoint...
Treasury
suggests $2 trillion debt cap raise...
Trail
to bin Laden began with phone call (Washington Post) [ It’s truly difficult
not to like Mr. Woodward or not to receive well anything he reports on. After
all, having been played on the big screen by extremely likeable Robert Redford,
I’m constrained to say I myself am predisposed to liking Mr. Woodward
(Hoffman/Bernstein – not so much) and being thusly more receptive to what he
has to say (that ‘transfer aspect’ of ‘propaganda’ which I was fortunate to
have studied in sixth grade, the advanced reading group, courtesy of James
Bresnahan, undoubtedly the best teacher I’ve ever had, grade for grade – he
treated young people as more than just kids, with exposure to the great
classics, classical music, slides and insights from his wide-ranging world
travels, etc.). This is not to say Mr. Woodward should in any way be diminished
inasmuch as his substantial journalistic credentials and contributions speak
for themselves (particularly his recent piece, at great peril I believe, on the
ubiquity of security clearances in the Washington metro area). Moreover, his
contributions are invariably a welcomed positive for the great paper, The
Washington Post. Yet, Mr. Woodward was a ‘navy man’, after all; and, I can’t
help but think, with all the scripted, staged hoopla surrounding the Bin Laden
affair, his ‘gorge rises at it’. Indeed, 911 itself; that ‘pearl harbor event’
so sought by the neo-cons / war mongerers still defies explanation (ie., the
‘stand-down order’, symmetrical implosions, foreknowledge by some {who
conveniently ‘missed the party’ that day}, etc.. Some links, echoing the
unbelief akin to the ‘Jessica Lynch’, Tillman,
etc., affairs follow. Additionally, people must remain atuned to the
reality that though having but 5% of the world’s
population, america can boast 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto
bankrupt, fraudulent america also spends more on military spending than all the
nations of the world combined... federal employees / contractors, cia, all 3
branches of the u.s. government, etc., are included in this evolved american
trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ], and the highest crime
rates in the world by far. That perverse field of dreams I’ve previously
alluded to, the american nightmare, if you build / contrive war, they will
come. And, they do; seals of them (among others); and when their ‘tours’ are
done, it’s murder inc./contract killing for hire that they’ve won (cia, mob,
etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred
to as the american century, brings longings of nostalgia to american criminals
who, like Pavlov’s dogs salivate at the
prospect of killing, raping, pillaging,
and plundering which primitive mindset they have mistakenly been conditioned to
connect to their now irretrievably lost success as a nation state, and to the
contrary, has become globally and domestically self-destructive /
self-defeating. In so short a period of time, it is unlikely that Mr. Woodward
could do an incisive investigative piece as he’s become famed for; nor could he
reasonably be expected to have done so given the ‘breaking nature’ of the
story. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and
reeks of political desperation and Orwellian opportunism. Uncharacteristically,
and somewhat disingenuously, I’m not going to read his article so that I can
continue to like Bob Woodward Redford.
Paul
Craig Roberts: What Is The Agenda Behind The Bin Laden Fable?
U.S.
economy adds 244,000 jobs But the
unemployment rate edged up last month, showing that the outlook for workers
remains grim (Washington Post) [244,000
jobs added in April Associated Press In biggest hiring spree in five years,
employers posted a third straight month of hiring; unemployment rose to 9
percent as people resumed looking for work. Interactive:
Why it doesn’t feel like a recovery (Washington Post) [ Short answer: Because it’s really not a
recovery! What jobs? $1 dollar a day, 3 days a year … and on government pork
projects for the porkers’ reelection campaigns? I don’t think so! Obama’s
victory lap (Washington Post) The
killing of bin Laden offered hope of instant renewal. [ Only wobama aficionado
Mr. Milbank could latch onto this propagandist Orwellian dream and call it
victory. Sounds like he’s shootin’ for a job in this failed presidency/administration
as others, including from the Post.. 10
Reasons 2011 Is Feeling More and More Like 2008 Jensen ‘..it eerily feels
like the months before the financial crisis and meltdown of 2008. .. impending
and significant pullback over the summer.
10 reasons
2011 ..like 2008.
- Gas prices
rising rapidly, starting to impact consumer spending and sentiment. On Thursday, gas prices hit this highest level
since July 31st, 2008 and have risen every month since last
August, up over 30% ..
- Despite
numerous federal programs (mostly failed), the housing market remains
moribund. ..
- The
Federal Reserve continues to be behind the curve. In 2008, the subprime loan problem was
“contained”. In 2011, Bernanke can’t seem to see any signs of inflation
despite rapidly rising energy and food prices (they are not “core”
components of the Index Blind Ben
- In 2008,
we were fighting military actions in two Middle Eastern countries; Iraq
and Afghanistan. In 2011, we are still fighting in Iraq and Afghanistan
and have added ½ a war in Libya, .. a higher floor for oil prices ..
- World food
prices increased dramatically in the 1st and 2nd quarter of 2008 creating
a global crisis and
causing political and economical instability and social unrest ..In 2008, this produced food riots in many
developing countries. In 2011, we have uprisings throughout the Middle
East ..
- In May
2008, the market was worried about which was the next financial
institution ..what
European sovereign state will be the next to need a bailout after Greece,
Ireland and Portugal and what the ramifications will be for the credit
markets.
- In 2008,
gold hit $900 an ounce in January of that year and $1000 an ounce for the
first time in March 2008.
In 2011, gold and silver just hit all time highs last week
- As in
2008, U.S. GDP growth was anemic in the first quarter.. In 2011, GDP growth ..shows a significant
slowdown from previous qtr.
- As in
2008, the fiscal and monetary policies of the United States have led to a
decline in the value of its currency
- In 2008,
China, the world’s third largest economy, instituted a series of measures
to curb growth in order to address increasing inflation and the beginnings
of a property bubble..
]
Pledge
not squaring with reality Obama’s
vow to boost middle-class economic security at odds with corporate profits,
unemployment. (Washington Post) [CEOs’
pay: It’s as if the Great Recession never happened (Washington Post) The typical big-business CEO made $9
million last year, exceeding pre-recession level. [ And ‘worth every penny’?
Not likely in pervasively corrupt, defacto bankrupt america, leaders no more
except in fraud, crime, manipulation, subterfuge. Imagine the comparisons to
their foreign counterparts where value still has meaning. As if ‘never
happened? How ‘bout not over, and worse to come! UBS
bank admits rigging bids (WP) Swiss
bank reaped millions of dollars of illegal profits by rigging municipal bond
transactions in 36 states, government said. [ The key here is ‘Swiss’ and
‘millions of dollars of illegal profits’ when the american banks / wall street
frauds’ generated hundreds of billions in illegal profits, which frauds
continue to this day by way of slightly subdued high-frequency trading /
commission-generated scams along with cover-up and cash-out from the last,
still unprosecuted fraud in the trillions for which disgorgement, fines is long
overdue. 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at
the end of fiscal 2009
Study:
Affordable rentals scarce (WP)
Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it
Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows ]
]
Al-Qaeda
vows retaliation on U.S. Online
posting attributed to group also confirms the death of Osama bin Laden. (Washington Post) [ Paul
Craig Roberts: What Is The Agenda Behind The Bin Laden Fable?
CIA
spied on bin Laden in town of Abbottabad
(Washington Post) Agency maintained secret facility for a small team of
spies who conducted extensive surveillance over a period of months on Osama bin
Laden’s compound. [ Come on! Who is foolish enough to believe anything they
say; particularly their scripted, ever-changing, evolving, self-serving
accounts belied only by truth / reality as told by those with true courage and
integrity; as, for example Jessica Lynch, etc. Top
Terrorist Hunter For U.S. Government: Wolfowitz General Told Me 9/11 Was False
Flag 9/11 Families Snub Obama’s
“Photo-Op” White
House Press Secretary “Floundering Under Pressure” Of Flip-Flopping Bin Laden
Fable Pentagon
Dinner Guest al-Awlaki Slated to Replace Osama as the new face of terror in
a war designed to last forever. Staged:
White House “Situation Room” Photos Part Of Bin Laden Fable .. it has
emerged that the dramatic photos of Obama, Biden, Hillary Clinton and members
of the White House security team watching the assassination of Bin Laden “live”
were in fact completely staged, casting further doubt on the ever-changing
official account of the operation. Hillary
Clinton Claims ‘Allergy Not Anguish’ Reason For Photo As Evidence Points to PR
Stunt No
resistance in “cold-blooded” U.S. raid: Pakistan officials US Government Contractor Claims “Al-Qaeda” Has Confirmed
Bin Laden Fairytale Paul Joseph Watson | SITE
organization was behind release of fake “Al-Qaeda” tapes released at
politically opportune times stretching back years The
Cost of Bin Laden: $3 Trillion Over 15 Years What do we have to show for
that tab? Two wars that continue to occupy 150,000 troops and tie up a quarter
of our defense budget; a bloated homeland-security apparatus that has at times
pushed the bounds of civil liberty. Bin Had The
Growing Coverup: Osama and “The Big Lie” The Obama administration and the
corporate media are concocting an ever-more elaborate and spectacular theater
around the “heroic” murder of the CIA intelligence myth/CIA asset Osama bin
Laden. Not content to simply to exploit the 9/11 atrocity for political gain,
the administration is heaping new layers of lie and cover-up to the original
crime. Staged
Al Qaeda Rail Attack Plot To Be Used To Further Implement TSA At “Soft” Spots
Nationwide? Red Alert: Government Had Osama bin Laden Frozen for Years Nimmo
/ Jones | Videos [ I personally believe Osama’s been dead for quite
some time. Indeed, for one on dialysis, he otherwise would have been nothing
less than a modern day miracle in terms of longevity / mortality rates for
those so afflicted, particularly under the ‘stressful’ circumstances involving
evading capture, betrayal for money, etc.. His ‘surfacing’ for a ‘talk’
wouldn’t even pass muster in the most rudimentary requirements for ‘proof of
life’. The release at this time of the ‘announcement’ is, rather than a victory
lap so to speak, but rather a sign of weakness and desperation on the part of
america whose global and domestic economic, financial, and geopolitical
position is substantially diminished and declining rapidly and whose military
industrial complex welfare plan along with the Orwellian diversion of the
masses could at most yield a pyrrhic victory which also would require for
consummation a wrap-up of this nation-bankrupting contrived war scenario, which
is not likely. Moreover, the same comes at a
time of systemic failure for pervasively corrupt, defacto bankrupt
america While the ‘announcement’ plays well for the nonce, to the dumb,
uninformed back home, the same will
galvanize resistance in the name of their now martyr, Osama Bin Laden.
In sum, other than somewhat questionable propaganda value, the announcement
will have no measurable effect on america’s continuing mideast / global
debacle. In other words, defacto bankrupt america has used up a ‘bullet’,
albeit a blank at that! ]
My
mother is still gone The daughter
of a 9/11 victim reflects on bin Laden’s death. (Washington Post) Parker:
Bin Laden death was anti-climactic [ Paul
Craig Roberts: What Is The Agenda Behind The Bin Laden Fable? The US
government’s bin Laden story was so poorly crafted that it did not last 48
hours before being fundamentally altered. What agenda or agendas is the “death
of bin Laden” designed to further? US Government Contractor Claims “Al-Qaeda” Has Confirmed
Bin Laden Fairytale Paul Joseph Watson | SITE organization was behind release of fake
“Al-Qaeda” tapes released at politically opportune times stretching back
years Red Alert: Help Stop False Flag Terror Infowars.com | Alex warns about the potential for another false
flag attack, urging listeners to call the White House. Terrorist Hunter: General Under Wolfowitz Told Me 9/11
Was False Flag Infowars.com | Government insider Dr. Steve R. Pieczenik cannot be dismissed as a
“conspiracy theorist.” Pieczenik: The Psychological Resurrection of Osama Bin
Laden Infowars.com |
Critically acclaimed author of psycho-political thrillers, Steve Pieczenik
continues his analysis of the so-called death of Osama bin Laden. The
Cost of Bin Laden: $3 Trillion Over 15 Years What do we have to show for
that tab? Two wars that continue to occupy 150,000 troops and tie up a quarter
of our defense budget; a bloated homeland-security apparatus that has at times
pushed the bounds of civil liberty.
Titanic
insurer Atlantic Mutual sinks
Sell
in May: Still Valid? Roche ‘Here is
an interesting expansion on the idea of Sell in May. Fidelity Investments elaborates by
combining several time cycle indicators into one. The result – still Sell in
May:
On the negative side, it is coming to that point in
the cycle where, seasonally, the market tends to take a pause, also known as
Sell in May and Go Away.
Since, historically markets have tended to follow
cyclical patterns such as this, I compiled the seasonal pattern, the four-year
presidential cycle, and the 10-year decennial cycle into a composite performance
index and projected the pattern. So far, the stock market has followed this
roadmap very closely, so over the next two years. As you can see in the chart
below, the market has closely tracked these historical cyclical patterns Since
December 2009. Because of this, I think it bears watching. (Past performance is
no guarantee of future results.)
click to enlarge
http://static.seekingalpha.com/uploads/2011/5/6/saupload_time_cycles1105_thumb1.jpg
Clear
Capital: The Housing Double Dip Is Now Official Today
Meredith
Whitney Sticks to Her Guns Today Roche ‘Talk about holding onto a losing
trade. At the Milken Conference yesterday, Meredith Whitney said there was
nothing controversial about her muni call, maintaining that she has more
conviction about the muni crisis call than anything in her entire career. Via
Bloomberg:
Whitney said on the panel, “It’s not that big of a
call..There’s nothing controversial about that call, if you look at the
numbers.”
“You can criticize me for everything you want, I’m
just numb to it because I have more conviction on this than I’d had on any
single thing in my career.”
On the same panel, David Solomon, Goldman Sachs’
co-head of investment banking said, “I don’t think we’re doomed. I think the
resources available to us, and the changes that will evolve as we come out of a
very, very difficult economic period that we’ve been stuck in over the past
couple of years, will provide more flexibility than I think Meredith believes.”
Whitney is certainly right that the states are
suffering fiscal woes; however, as we’ve seen in Europe, there are mechanisms
that can be utilized to combat these issues. While I still maintain that there
is a chance of local defaults, I think the United States will be proactive in
fending off a euro-style crisis.
And that means the US federal government will do what
it has always done. It will credit the bank accounts of the states in order to
ensure that any single municipality cannot cause widespread economic hardship
throughout the United States. This would be nothing new. The US has always
credited the bank accounts of the states that are part of this union.
If Europe was truly united, we would see the same
thing occurring in Europe; however, because it's not united, it instead chooses
austerity due to fears of inflation. The reality is that the ECB is not
creating inflation; it's merely stopping the potentially deflationary debacle
that would ensue with sovereign defaults.
I would hope that a truly United States of
America would be a bit more caring of its own member states.’
Don't
Be Fooled By The Jobs Report
Harding ‘This was a week that confirmed that the economic recovery has
stalled.
We knew from
the previous week that economic growth (GDP) slowed to just 1.8% in the March
quarter from 3.1% in the December quarter. This week it was reported that
the ISM Non-Mfg Index, which tracks the service sector of the economy, plunged
to 52.8 in April from 57.3 in March (versus the consensus estimate of
economists that it would improve to 57.8).
It was a
shocking report since the ISM Non-Manufacturing Index covers just about every
business sector– everything from education, healthcare, finance, insurance and
retail, to technology services, transportation, and mining, accounting for more
than 80% of U.S. employment. At the same time it was reported that the ISM New
Orders Index also plunged substantially, from 64.1 in March to 52.7 in April,
not encouraging for service sector business activity for the next few months.
Commodity
markets, already worried about what slowing global economies would do to demand
for materials and supplies, reacted with further substantial declines. By the
close on Thursday, the price of crude oil had collapsed from its high of
$114.80 a barrel a week ago, to $99.75. The S&P GSCI Index of 24 raw materials
fell 11.5% in just five days.
Fortunately,
the stock market’s reaction to the further evidence that the economic recovery
is in trouble was more muted. By the close on Thursday, the S&P 500 was
down only 1.8% for the week.
And
thankfully, on Friday morning the Labor Department released its monthly jobs
report, which showed that 244,000 new jobs were created in April, 60,000 more
than had been forecast, and the stock market surged up in reaction, with the
Dow up 150 points within minutes of the market’s open.
Indeed the
jobs report was good news, even though it was also reported that the
unemployment rate rose to 9.0% from its previous level of 8.8%. But did the
better than expected jobs report cancel out the even more surprising plunge in
the ISM service sector index in April, reported the previous day?
I don’t think
so. Even within the employment report the numbers show that 13.7 million people
remained unemployed in April, still almost double the number just before the
last recession began in December, 2007. Including part-time workers who
have not been able to find full-time jobs, and those who have given up looking
for a job, the “underemployed” rate rose to 15.9% in April. That seems to more
closely resemble what the ISM Index said about the economy slowing further in
April.
And here’s the
thing about the Labor Department’s monthly jobs report. As my subscribers know,
I have always called it ‘The Big One’ as far as economic reports go.
That’s because it’s so difficult for economists to forecast that it comes in
with a big surprise in one direction or the other more often than any other
series of reports. And that surprise results in a one or two day triple-digit
move by the Dow in one direction or the other more often than any other report.
But the rest
of that pattern is that the move is then most often reversed over the following
two or three days, and the market returns to whatever its focus was before the
report.
In this
instance, with the 1st quarter earnings reporting season pretty much
over, that is liable to be a refocus on the slowing economic recovery that had
it troubled prior to the jobs report.
Meanwhile, the
collapse in commodity prices was another example of what happens when markets
become overbought, and investor sentiment reaches extremes of bullishness, as
was the case with commodities. The consensus opinion a week ago was that they
could only move higher. $2,000 gold, $75 silver, $150 a barrel oil seemed
assured. But when a surprise hits and investors head in a rush for the exit
they discover they can’t all get through the door at once. Since most everyone
interested in commodities was already invested there was no one willing to buy
what they wanted to sell except at much lower prices.
Perhaps a
cautionary tale for the stock market as it enters its unfavorable season with
investors so bullish and anxious to jump in on any dip?’
CEOs’
pay: It’s as if the Great Recession never happened (Washington Post) The typical big-business CEO made $9
million last year, exceeding pre-recession level. [ And ‘worth every penny’?
Not likely in pervasively corrupt, defacto bankrupt america, leaders no more
except in fraud, crime, manipulation, subterfuge. Imagine the comparisons to
their foreign counterparts where value still has meaning. As if ‘never
happened? How ‘bout not over, and worse to come! UBS
bank admits rigging bids (WP) Swiss
bank reaped millions of dollars of illegal profits by rigging municipal bond
transactions in 36 states, government said. [ The key here is ‘Swiss’ and
‘millions of dollars of illegal profits’ when the american banks / wall street
frauds’ generated hundreds of billions in illegal profits, which frauds
continue to this day by way of slightly subdued high-frequency trading /
commission-generated scams along with cover-up and cash-out from the last,
still unprosecuted fraud in the trillions for which disgorgement, fines is long
overdue. 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009
Study:
Affordable rentals scarce (WP)
Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it
Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows ]
A
political minefield in Treasury plan
(Washington Post) Questions
about deficit and growth complicate Treasury’s plan to overhaul corporate
taxes. [ What plan! . Let
the budget battle begin After two weeks of tumultuous meetings with
constituents, Congress returns to a lengthy fight over the nation’s solvency.
(WP) [
Or more aptly put, stated another way, the nation’s solvency is over. ..
america’s defacto bankrupt with no end in sight.. interest alone is eating
progressively into GDP beyond the subterfuge.. Gerson:
How serious are we about the deficit? (WP) [ Not much! I mean come on! Davis ‘… This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ … Suckers’
rally to keep suckers suckered: Philadelphia
Fed Depresses Economists Durden ‘..And here
comes the first indicator that Q2 GDP is about to be mass revised by everyone,
courtesy of Japan, and ongoing inflation pressures: the Philadelphia Fed
collapsed from a revised 43.4 (a 27 year high) to 18.5, the lowest since
November 2010… This is an especially great opportunity
to sell / take profits while you still can since there's much worse to come! U.S. Economy Remains on Life Support Hansen ‘
- The Federal Reserve press
conference by Chairman Bernanke which contained almost no new economic
insights; and,
- An FOMC
meeting with no policy changes or insights..
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’ Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street
accountable for the meltdown. ):
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
‘End
of Days’ message rolls into D.C.
(Washington Post) The
potentially rotten news that the world will end on May 21 arrived plastered on
a caravan of RVs. [ Gee … little premature … you know, that 2012, end of Mayan
calendar, Nostradamus thing … I previously weighed in / wrote: Why
do Americans still dislike atheists? (Washington Post) [ And
not just americans … Why? First and foremost because there is a God. Second, it
is intellectually dishonest to be an atheist. Specifically, there is absolutely
no evidence to dispute the existence of God. While one might similarly argue
that there is no evidence to suggest there is a God (which I would dispute),
which for most is a fair statement, the same would yield at best, if
intellectually honest, the position of ‘agnostic’. I can totally understand and
even empathize with the view of the agnostic. After all, at this point, there
seems to be ‘no rhyme nor reason’ at all. But, think binary, positives /
negatives. Just too many negatives. Think ‘capital punishment’. No, the world’s
not going to end in 2012 as some fear. Rather, think slow burn; decades at
best; then ‘poof’. In the scheme of things, this world’s just not that
important (apes,
notochordates, and initially single celled organisms). Kind of
akin to what I previously wrote: (God doesn’t care that you wrestle a girl who wants to
wrestle!) Boy
wrestler forfeits match to female opponent... [ What a homo! Wow! I
feel sorry for those guys she actually beat (20 of them – her record was 20 and
13) … they’ll probably never get over it … nor should they … I have to rethink
my regard for Iowa, Iowa state wrestling now presuming such stalwart
championship teams to be the products of out-of-state imports … as for the guy
who forfeited, he could have easily and gently taken her down (you can easily
do that with a lesser opponent), got her in a double grapevine and grind her in
a certain way into the mat, and when she was in the throws of convulsive
orgasm, she’d unwittingly arch her back, thereby pressing her own shoulder
blades to the mat, thereby pinning herself, thus enabling the homo to say in a
manner of speaking that he was making heterosexual love not war with her ………
how pathetic and preposterous this was … and, let me remind the homo that God
doesn’t care that you wrestle a girl who wants to wrestle! ]
244,000
jobs added in April Associated Press In biggest hiring spree in five years,
employers posted a third straight month of hiring; unemployment rose to 9
percent as people resumed looking for work. Interactive:
Why it doesn’t feel like a recovery (Washington Post) [ Short answer: Because it’s really not a
recovery! What jobs? $1 dollar a day, 3 days a year … and on government pork
projects for the porkers’ reelection campaigns? I don’t think so! Obama’s
victory lap (Washington Post) The
killing of bin Laden offered hope of instant renewal. [ Only wobama aficionado
Mr. Milbank could latch onto this propagandist Orwellian dream and call it
victory. Sounds like he’s shootin’ for a job in this failed
presidency/administration as others, including from the Post.. 10
Reasons 2011 Is Feeling More and More Like 2008 Jensen ‘..it eerily feels
like the months before the financial crisis and meltdown of 2008. .. impending
and significant pullback over the summer.
10 reasons
2011 ..like 2008.
- Gas prices
rising rapidly, starting to impact consumer spending and sentiment. On Thursday, gas prices hit this highest level
since July 31st, 2008 and have risen every month since last
August, up over 30% ..
- Despite
numerous federal programs (mostly failed), the housing market remains
moribund. ..
- The
Federal Reserve continues to be behind the curve. In 2008, the subprime loan problem was
“contained”. In 2011, Bernanke can’t seem to see any signs of inflation
despite rapidly rising energy and food prices (they are not “core”
components of the Index Blind Ben
- In 2008,
we were fighting military actions in two Middle Eastern countries; Iraq
and Afghanistan. In 2011, we are still fighting in Iraq and Afghanistan
and have added ½ a war in Libya, .. a higher floor for oil prices ..
- World food
prices increased dramatically in the 1st and 2nd quarter of 2008 creating
a global crisis and
causing political and economical instability and social unrest ..In 2008, this produced food riots in many
developing countries. In 2011, we have uprisings throughout the Middle
East ..
- In May
2008, the market was worried about which was the next financial
institution ..what
European sovereign state will be the next to need a bailout after Greece,
Ireland and Portugal and what the ramifications will be for the credit
markets.
- In 2008,
gold hit $900 an ounce in January of that year and $1000 an ounce for the
first time in March 2008.
In 2011, gold and silver just hit all time highs last week
- As in
2008, U.S. GDP growth was anemic in the first quarter.. In 2011, GDP growth ..shows a significant
slowdown from previous qtr.
- As in
2008, the fiscal and monetary policies of the United States have led to a
decline in the value of its currency
- In 2008,
China, the world’s third largest economy, instituted a series of measures
to curb growth in order to address increasing inflation and the beginnings
of a property bubble..
]
CIA
spied on bin Laden in town of Abbottabad
(Washington Post) Agency maintained secret facility for a small team of
spies who conducted extensive surveillance over a period of months on Osama bin
Laden’s compound. [ Come on! Who is foolish enough to believe anything they
say; particularly their scripted, ever-changing, evolving, self-serving
accounts belied only by truth / reality as told by those with true courage and
integrity; as, for example Jessica Lynch, etc. Top
Terrorist Hunter For U.S. Government: Wolfowitz General Told Me 9/11 Was False
Flag 9/11 Families Snub Obama’s
“Photo-Op” White
House Press Secretary “Floundering Under Pressure” Of Flip-Flopping Bin Laden
Fable Pentagon
Dinner Guest al-Awlaki Slated to Replace Osama as the new face of terror in
a war designed to last forever. Staged:
White House “Situation Room” Photos Part Of Bin Laden Fable .. it has
emerged that the dramatic photos of Obama, Biden, Hillary Clinton and members
of the White House security team watching the assassination of Bin Laden “live”
were in fact completely staged, casting further doubt on the ever-changing
official account of the operation. Hillary
Clinton Claims ‘Allergy Not Anguish’ Reason For Photo As Evidence Points to PR
Stunt No
resistance in “cold-blooded” U.S. raid: Pakistan officials US Government Contractor Claims “Al-Qaeda” Has Confirmed
Bin Laden Fairytale Paul Joseph Watson | SITE
organization was behind release of fake “Al-Qaeda” tapes released at
politically opportune times stretching back years The
Cost of Bin Laden: $3 Trillion Over 15 Years What do we have to show for
that tab? Two wars that continue to occupy 150,000 troops and tie up a quarter
of our defense budget; a bloated homeland-security apparatus that has at times
pushed the bounds of civil liberty. Bin Had The
Growing Coverup: Osama and “The Big Lie” The Obama administration and the
corporate media are concocting an ever-more elaborate and spectacular theater
around the “heroic” murder of the CIA intelligence myth/CIA asset Osama bin
Laden. Not content to simply to exploit the 9/11 atrocity for political gain,
the administration is heaping new layers of lie and cover-up to the original
crime. Staged
Al Qaeda Rail Attack Plot To Be Used To Further Implement TSA At “Soft” Spots
Nationwide? Red Alert: Government Had Osama bin Laden Frozen for Years Nimmo
/ Jones | Videos [ I personally believe Osama’s been dead for quite
some time. Indeed, for one on dialysis, he otherwise would have been nothing
less than a modern day miracle in terms of longevity / mortality rates for
those so afflicted, particularly under the ‘stressful’ circumstances involving
evading capture, betrayal for money, etc.. His ‘surfacing’ for a ‘talk’
wouldn’t even pass muster in the most rudimentary requirements for ‘proof of
life’. The release at this time of the ‘announcement’ is, rather than a victory
lap so to speak, but rather a sign of weakness and desperation on the part of
america whose global and domestic economic, financial, and geopolitical
position is substantially diminished and declining rapidly and whose military
industrial complex welfare plan along with the Orwellian diversion of the
masses could at most yield a pyrrhic victory which also would require for
consummation a wrap-up of this nation-bankrupting contrived war scenario, which
is not likely. Moreover, the same comes at a
time of systemic failure for pervasively corrupt, defacto bankrupt
america While the ‘announcement’ plays well for the nonce, to the dumb,
uninformed back home, the same will
galvanize resistance in the name of their now martyr, Osama Bin Laden.
In sum, other than somewhat questionable propaganda value, the announcement
will have no measurable effect on america’s continuing mideast / global
debacle. In other words, defacto bankrupt america has used up a ‘bullet’,
albeit a blank at that! ]
Dionne:
Who is Obama? Now we know. (Washington Post) [ Oh really? Now you tell us what you really
know about this fraud and failed president. Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke (a must read) | ‘…He has been covertly funded and supported
ever since by the Trilateral Commission and its network of foundations
connecting into the Ford Foundation, for whom Obama's mother worked... Does
anyone really believe that someone, a 'man of the people', would simply appear
from apparently nowhere to run the slickest and best-funded presidential
campaign in American history? He was chosen long ago by those who wish to
enslave the very people that Obama says he wants to 'set free'. The sources of
Obama funding .. - Goldman, UBS, Citi, Credit Suisse, Deutsche, J.P. Morgan
Chase, Morgan Stanley, etc. No wonder he went back on his pledge to accept the
limitations of public funding … Obama is just more of the same, a big smile
with strings attached, and controlled completely by those that chose him,
trained him, sold him and provided his record funding, kept his many skeletons
under wraps, like the gay sex and crack cocaine .. Larry Sinclair (from
affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp,
who is alleged to claim that someone claiming to represent me called asking for
$100,000, to keep me from coming forward about our (Obama and I) November 1999
encounter of sex and cocaine use?), ... Obama is just another Banksters' moll
prostituting himself .., and that's why he supported the grotesque bail-out of
the banking system and why he will always put their interests before the
people. His financial advisors are straight from the Wall Street 'A' list, …
Zionist Tim Geithner (Bilderberg Group, Trilateral Commission, Council on
Foreign Relations), was appointed Treasury Secretary, a former employee of both
the Council on Foreign Relations and the appalling Kissinger Associates.
Obama's Treasury team locks into the inner circle around the Zionist Robert
Rubin, Citi, Council on Foreign Relations, and economic advisor to Obama.
Rubin, ..Illuminati Bilderberg Group, the man behind Citi's debacle.. rescued
by taxpayers' money. The very people who caused the financial crisis ..
appointed by Obama .. 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
...’ Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street
accountable for the meltdown. ):
‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Drudgereport:
UNEMPLOYMENT
BACK UP TO 9.0%...
Fannie
Mae Reports $8.7B Loss for First Quarter...
Seeks
$8.5B more from taxpayers...
APRIL
JOBS: +244,000...
FUZZY
MATH: How can US add
jobs but the unemployment rate go up?
Gas
nat'l average: $3.99...
Eats
9% of household budgets...
Average
price sets record in Indiana -- $4.25 a gallon...
$6.03
in Hawaii...
Silver
Plunge Spreads...
OIL
GUTTED...
Price
Slide Temporary, New Highs Likely: Goldman...
Fears
linger of a new 'flash crash'...
Euro
Tumbles...
CNN
SHOCK POLL: RON PAUL HAS BEST CHANCE VS OBAMA
National
Home Prices Double Dip...
JOBLESS
CLAIMS RISE TO 8 MONTH HIGH...
Fears
linger of a new 'flash crash'...
9-11
FAMILY: 'SHOW US PROOF BIN LADEN KILLED'...
Victim's
father: Obama 'putting too much spotlight on himself'...
Channels
Bush at Ground Zero: 'We will never forget'...
Tells
teen survivor he knows
Justin Bieber...
Turns
Back on 9/11 Family Member...
AUDIO...
Muslim
Brotherhood urges review of Israel ties...
Pakistanis
burn U.S. flags; backlash over death grows...
Pakistan
officials: No resistance in 'cold-blooded' U.S. raid...
Warns
America not to stage any more...
Threatens
'disastrous consequences'...
Muslims
already name dump location 'Martyr's Sea'...
OBAMA,
NO PHOTOS OF OSAMA: 'We don't need to spike the football'...
'Conspiracy theorists will just claim doctored'...
Sen.
Scott Brown: 'I've seen picture, he's definitely dead'...
UPDATE:
Photo proving bin Laden's death to Sen. Brown was
faked...
three
senators fell for fakes...
UPDATE:
'The photo I saw and that a lot of other people saw is not authentic'...
Top
Dem: No photo needed, 'there's absolute proof'...
REUTERS RELEASES 'DEATH SCENE' PHOTOS
**WARNING GRAPHIC**
UPDATE: Photo proving bin Laden's death to Sen. Brown was faked...
Possibly
three senators fell for fakes...
Pakistan:
'Not a single bullet fired from compound'...
WIRE:
Photos from 1 hour after raid show 3 dead, no weapons...
The
Slippery Story of the bin Laden Kill...
Official says 'killed apparently
by the U.S. raid team'...
DOLLAR
HITS 3 YEAR LOW...
1
IN 7 ON FOOD STAMPS!
Job
numbers disappoint...
Treasury
suggests $2 trillion debt cap raise...
CEOs’
pay: It’s as if the Great Recession never happened (Washington Post) The typical big-business CEO made $9
million last year, exceeding pre-recession level. [ And ‘worth every penny’?
Not likely in pervasively corrupt, defacto bankrupt america, leaders no more
except in fraud, crime, manipulation, subterfuge. Imagine the comparisons to
their foreign counterparts where value still has meaning. As if ‘never
happened? How ‘bout not over, and worse to come! UBS
bank admits rigging bids (WP) Swiss
bank reaped millions of dollars of illegal profits by rigging municipal bond
transactions in 36 states, government said. [ The key here is ‘Swiss’ and ‘millions
of dollars of illegal profits’ when the american banks / wall street frauds’
generated hundreds of billions in illegal profits, which frauds continue to
this day by way of slightly subdued high-frequency trading /
commission-generated scams along with cover-up and cash-out from the last,
still unprosecuted fraud in the trillions for which disgorgement, fines is long
overdue. 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009
Study:
Affordable rentals scarce (WP)
Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it
Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows ]
A
political minefield in Treasury plan
(Washington Post) Questions
about deficit and growth complicate Treasury’s plan to overhaul corporate
taxes. [ What plan! . Let
the budget battle begin After two weeks of tumultuous meetings with
constituents, Congress returns to a lengthy fight over the nation’s solvency.
(WP) [
Or more aptly put, stated another way, the nation’s solvency is over. ..
america’s defacto bankrupt with no end in sight.. interest alone is eating
progressively into GDP beyond the subterfuge.. Gerson:
How serious are we about the deficit? (WP) [ Not much! I mean come on! Davis ‘… This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ … Suckers’
rally to keep suckers suckered: Philadelphia
Fed Depresses Economists Durden ‘..And here
comes the first indicator that Q2 GDP is about to be mass revised by everyone,
courtesy of Japan, and ongoing inflation pressures: the Philadelphia Fed
collapsed from a revised 43.4 (a 27 year high) to 18.5, the lowest since
November 2010… This is an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! U.S. Economy Remains on Life Support Hansen ‘
- The Federal Reserve press
conference by Chairman Bernanke which contained almost no new economic
insights; and,
- An FOMC
meeting with no policy changes or insights..
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’ Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street
accountable for the meltdown. ):
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
‘End
of Days’ message rolls into D.C.
(Washington Post) The
potentially rotten news that the world will end on May 21 arrived plastered on
a caravan of RVs. [ Gee … little premature … you know, that 2012, end of Mayan
calendar, Nostradamus thing … I previously weighed in / wrote: Why
do Americans still dislike atheists? (Washington Post) [ And
not just americans … Why? First and foremost because there is a God. Second, it
is intellectually dishonest to be an atheist. Specifically, there is absolutely
no evidence to dispute the existence of God. While one might similarly argue
that there is no evidence to suggest there is a God (which I would dispute),
which for most is a fair statement, the same would yield at best, if
intellectually honest, the position of ‘agnostic’. I can totally understand and
even empathize with the view of the agnostic. After all, at this point, there
seems to be ‘no rhyme nor reason’ at all. But, think binary, positives /
negatives. Just too many negatives. Think ‘capital punishment’. No, the world’s
not going to end in 2012 as some fear. Rather, think slow burn; decades at
best; then ‘poof’. In the scheme of things, this world’s just not that
important (apes,
notochordates, and initially single celled organisms). Kind of
akin to what I previously wrote: (God doesn’t care that you wrestle a girl who wants to
wrestle!) Boy wrestler forfeits match
to female opponent... [ What a homo! Wow! I feel sorry for those
guys she actually beat (20 of them – her record was 20 and 13) … they’ll
probably never get over it … nor should they … I have to rethink my regard for
Iowa, Iowa state wrestling now presuming such stalwart championship teams to be
the products of out-of-state imports … as for the guy who forfeited, he could
have easily and gently taken her down (you can easily do that with a lesser
opponent), got her in a double grapevine and grind her in a certain way into
the mat, and when she was in the throws of convulsive orgasm, she’d unwittingly
arch her back, thereby pressing her own shoulder blades to the mat, thereby
pinning herself, thus enabling the homo to say in a manner of speaking that he
was making heterosexual love not war with her ……… how pathetic and preposterous
this was … and, let me remind the homo that God doesn’t care that you wrestle a
girl who wants to wrestle! ]
Red Alert: Government Had Osama bin Laden Frozen for Years
Nimmo / Jones | Videos [ I personally believe Osama’s been dead
for quite some time. Indeed, for one on dialysis, he otherwise would have been
nothing less than a modern day miracle in terms of longevity / mortality rates
for those so afflicted, particularly under the ‘stressful’ circumstances
involving evading capture, betrayal for money, etc.. His ‘surfacing’ for a
‘talk’ wouldn’t even pass muster in the most rudimentary requirements for
‘proof of life’. The release at this time of the ‘announcement’ is, rather than
a victory lap so to speak, but rather a sign of weakness and desperation on the
part of america whose global and domestic economic, financial, and geopolitical
position is substantially diminished and declining rapidly and whose military
industrial complex welfare plan along with the Orwellian diversion of the
masses could at most yield a pyrrhic victory which also would require for
consummation a wrap-up of this nation-bankrupting contrived war scenario, which
is not likely. Moreover, the same comes at a
time of systemic failure for pervasively corrupt, defacto bankrupt
america While the ‘announcement’ plays well for the nonce, to the dumb,
uninformed back home, the same will
galvanize resistance in the name of their now martyr, Osama Bin Laden.
In sum, other than somewhat questionable propaganda value, the announcement
will have no measurable effect on america’s continuing mideast / global
debacle. In other words, defacto bankrupt america has used up a ‘bullet’,
albeit a blank at that! ]
Weekly
Unemployment Claims Going in the Wrong Direction Short May 5, 2011 ‘The Department of Labor’s Unemployment Insurance Weekly Claims Report was released
this morning for last week. Claims rose 43,000 from an upward revision of the
previous week to 431,000. That is a 10% increase for the week and a 4-week
moving average increase of 5.4%. Here is the official statement from the
Department of Labor:
In the week
ending April 30, the advance figure for seasonally adjusted initial claims was
474,000, an increase of 43,000 from the previous week’s revised figure of
431,000. The 4-week moving average was 431,250, an increase of 22,250 from the
previous week’s revised average of 409,000.
The advance
seasonally adjusted insured unemployment rate was 3.0 percent for the week
ending April 23, an increase of 0.1 percentage point from the prior week’s
unrevised rate of 2.9 percent.
The advance
number for seasonally adjusted insured unemployment during the week ending
April 23 was 3,733,000, an increase of 74,000 from the preceding week’s revised
level of 3,659,000. The 4-week moving average was 3,700,750, a decrease of
1,250 from the preceding week’s revised average of 3,702,000.
Today’s number
was 18.5% higher than the Briefing.com consensus expectation of 400,000 claims.
As we can see,
there’s a good bit of volatility in this indicator, which is why the 4-week
moving average (shown in the callouts) is a more useful number than the weekly
data.
[ chart
http://dshort.com/charts/indicators/weekly-unemployment-claims.gif ]
Occasionally I
see articles critical of seasonal adjustment, especially when the non-adjusted
number better suits the author’s bias. But a comparison of these two charts
clearly shows extreme volatility of the non-adjusted data, and the 4-week MA
gives an indication of the recurring pattern of seasonal change in the second
chart (note, for example, those regular January spikes).
Because of the
extreme volatility of the non-adjusted weekly data, a 52-week moving average
gives a better sense of the long-term trends.
The Bureau of
Labor Statistics provides an overview on seasonal adjustment here (scroll down about
half way down).
Doug Short Ph.d is the author
of dshort.com.’
Closer
Than We'd Like to Think to a Second Banking Crisis? The Inflation Trader
UBS
bank admits rigging bids (Washington Post)
Swiss bank reaped millions of dollars of illegal profits by rigging
municipal bond transactions in 36 states, government said. [ The key here is
‘Swiss’ and ‘millions of dollars of illegal profits’ when the american banks /
wall street frauds’ generated hundreds of billions in illegal profits, which
frauds continue to this day by way of slightly subdued high-frequency trading /
commission-generated scams along with cover-up and cash-out from the last,
still unprosecuted fraud in the trillions for which disgorgement, fines is long
overdue. 24 Signs Of
Economic Decline In America ‘The United States is in the middle of a
devastating long-term economic decline and it is getting really hard to deny
it. ..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009, a report says.
Study:
Affordable rentals scarce (WP)
Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it, according to a new Washington Post-ABC News poll,
a finding that reflects the public’s broader concern over the course of the
nearly decade-old conflict.
Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Return of Inflation: 5 Worrying Signs From Friday's NY Times ]
Is
this a Republican distress call? (Washington Post) The first presidential
primary debate will be distinguished more by who isn’t there than who is. [
What do debates matter in pervasively corrupt, defacto bankrupt america? Take
‘wobama the b’ for b***s***. What did what he said in debates actually matter
in reality. Wobama, the failed president as was his predecessor, is a complete
and total fraud. Let
the budget battle begin After two weeks of tumultuous meetings with
constituents, Congress returns to a lengthy fight over the nation’s solvency.
(WP) [
Or more aptly put, stated another way, the nation’s solvency is over. ..
america’s defacto bankrupt with no end in sight.. interest alone is eating
progressively into GDP beyond the subterfuge.. Gerson:
How serious are we about the deficit? (WP) [ Not much! I mean come on! Davis ‘… This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ … Suckers’
rally to keep suckers suckered: Philadelphia
Fed Depresses Economists Durden ‘..And here
comes the first indicator that Q2 GDP is about to be mass revised by everyone,
courtesy of Japan, and ongoing inflation pressures: the Philadelphia Fed
collapsed from a revised 43.4 (a 27 year high) to 18.5, the lowest since
November 2010… This is an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! U.S. Economy Remains on Life Support Hansen ‘
- The Federal Reserve press
conference by Chairman Bernanke which contained almost no new economic
insights; and,
- An FOMC
meeting with no policy changes or insights..
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’ Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street
accountable for the meltdown. ):
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Dionne:
Who is Obama? Now we know. (Washington Post) [ Oh really? Now you tell us what you really
know about this fraud and failed president. Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke (a must read) | ‘…He has been covertly funded and supported
ever since by the Trilateral Commission and its network of foundations
connecting into the Ford Foundation, for whom Obama's mother worked... Does
anyone really believe that someone, a 'man of the people', would simply appear
from apparently nowhere to run the slickest and best-funded presidential campaign
in American history? He was chosen long ago by those who wish to enslave the
very people that Obama says he wants to 'set free'. The sources of Obama
funding .. - Goldman, UBS, Citi, Credit Suisse, Deutsche, J.P. Morgan Chase,
Morgan Stanley, etc. No wonder he went back on his pledge to accept the
limitations of public funding … Obama is just more of the same, a big smile
with strings attached, and controlled completely by those that chose him,
trained him, sold him and provided his record funding, kept his many skeletons
under wraps, like the gay sex and crack cocaine .. Larry Sinclair (from
affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp,
who is alleged to claim that someone claiming to represent me called asking for
$100,000, to keep me from coming forward about our (Obama and I) November 1999
encounter of sex and cocaine use?), ... Obama is just another Banksters' moll
prostituting himself .., and that's why he supported the grotesque bail-out of
the banking system and why he will always put their interests before the
people. His financial advisors are straight from the Wall Street 'A' list, …
Zionist Tim Geithner (Bilderberg Group, Trilateral Commission, Council on
Foreign Relations), was appointed Treasury Secretary, a former employee of both
the Council on Foreign Relations and the appalling Kissinger Associates.
Obama's Treasury team locks into the inner circle around the Zionist Robert
Rubin, Citi, Council on Foreign Relations, and economic advisor to Obama.
Rubin, ..Illuminati Bilderberg Group, the man behind Citi's debacle.. rescued
by taxpayers' money. The very people who caused the financial crisis ..
appointed by Obama .. 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
...’ Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street
accountable for the meltdown. ):
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
George
W. Bush years echo through Obama’s signature security success (Washington Post) The president finds
himself in contested legal terrain over how to fight stateless enemies. [ Like
the two subject failed presidents, the
press is sounding dumb and dumber on this ‘escapade’.
Red Alert: Government Had Osama bin Laden Frozen for Years
Kurt Nimmo and Alex Jones | Obama makes a suspiciously timed speech, claims
Osama killed in Pakistan. Videos [ As set forth infra, I personally believe
Osama’s been dead for quite some time. Indeed, for one on dialysis, he
otherwise would have been nothing less than a modern day miracle in terms of
longevity / mortality rates for those so afflicted, particularly under the
‘stressful’ circumstances involving evading capture, betrayal for money, etc..
His ‘surfacing’ for a ‘talk’ wouldn’t even pass muster in the most rudimentary
requirements for ‘proof of life’. The release at this time of the
‘announcement’ is, rather than a victory lap so to speak, but rather a sign of
weakness and desperation on the part of america whose global and domestic
economic, financial, and geopolitical position is substantially diminished and
declining rapidly and whose military industrial complex welfare plan along with
the Orwellian diversion of the masses could at most yield a pyrrhic victory
which also would require for consummation a wrap-up of this nation-bankrupting
contrived war scenario, which is not likely. Moreover, the same comes at a time of systemic failure for pervasively
corrupt, defacto bankrupt america While the ‘announcement’ plays well for the
nonce, to the dumb, uninformed back home, the same will galvanize resistance in the name of their
now martyr, Osama Bin Laden. In sum, other than somewhat questionable
propaganda value, the announcement will have no measurable effect on america’s
continuing mideast / global debacle. In other words, defacto bankrupt america
has used up a ‘bullet’, albeit a blank at that! ]
In February,
2004, Iranian state radio claimed Osama bin Laden had been
captured in Pakistan’s border region with Afghanistan “a long time ago.”
Pentagon and Pakistani officials denied the report. “Osama bin Laden has been
arrested a long time ago, but Bush is intending to use it for propaganda
maneuvering in the presidential election,” the radio report said…’ Obama’s
victory lap (Washington Post) The
killing of bin Laden offered hope of instant renewal. [ Only wobama aficionado
Mr. Milbank could latch onto this propagandist Orwellian dream and call it
victory. Sounds like he’s shootin’ for a job in this failed
presidency/administration as others, including from the Post, have done and
made. 10
Reasons 2011 Is Feeling More and More Like 2008 Jensen ]
White
House goes quiet on bin Laden raid
(WashPost) As further questions about the original story surfaced,
officials said they will neither release photos of a bloodied terrorist leader
nor provide new details about the raid on his compound in Pakistan. [ OBL
miraculously cured himself of kidney
failure/ no shots fired/Was Bin Laden Assault A Jessica Lynch-Style Fable? Watson
| Myriad of inconsistencies in alleged raid begin to resemble war propaganda
fairytales told about Private Lynch and Pat Tillman Police State Expands On Bin Laden Death Hype Nimmo
‘World
is safer,’ president says Osama exposed his cowardice. (WP) [ This former cia-supported ally may be
legitimately described as many things; but coward is not one of them.
Principled in giving up riches, comfort, he said americans are thieves; that is absolutely true, and I would
add frauds, criminals, war criminals. Bullies / cowards;ie., wobama, bush,
clinton, cheney, bush, et als Psychology forum Re: Bystander
Effect ‘ I believe the foregoing psycho-babble to be
Rubbish/Hogwash/b.s.
While walking through Military Park (“park”/pedestrian
thoroughfare/cement walks) in newark, n.j., I heard the clearly audible
screams/cries of what turned out to be an old lady on the ground with blood
streaming from her mouth. I ran toward the sound of the cries, the source of
which I could not see because there were so many people... When I came to the
woman, on the ground, blood streaming from her mouth, I asked what happened, to
which she responded she had been hit in the mouth and knocked to the ground,
her purse stolen/put inside her shopping bag, and she pointed out the criminal
casually now walking across the main street. Nobody stopped to help her, many
having passed her by. I slammed the thug to the ground so hard that, in light
of all the blood and confusion, I thought I had been stabbed (the blood was
from his elbows hitting the pavement so hard - no one helped/a crowd
gathered/an undercover cop happened along). I testified at the Grand Jury
Proceeding (he went to prison – pled out). (The other case I wrote about here - Having had occasion to have run down a mugger in newark, n.j. who
apparent had followed a girl from the bank on her way to the bursar to pay
tuition, though in pretty good shape, I was astounded by how totally exhausting
such a pursuit was, ..The girl was not that seriously injured, did get her
pocketbook and tuition back, and the criminal went to jail. The other
thing about such a pursuit that amazed me was that no one else assisted the
girl or me despite being in a position to do so).
CONCLUSION
The reality is that quite
simply, the vast and overwhelming majority of americans are without any courage
whatsoever. They are cowards, plain and simple. All the excuses, psycho-babble,
in the world will not change that fact! ]
Drudgereport: CNN
SHOCK POLL: RON PAUL HAS BEST CHANCE VS OBAMA
National
Home Prices Double Dip...
JOBLESS
CLAIMS RISE TO 8 MONTH HIGH...
Fears
linger of a new 'flash crash'...
9-11
FAMILY: 'SHOW US PROOF BIN LADEN KILLED'...
Victim's
father: Obama 'putting too much spotlight on himself'...
Channels
Bush at Ground Zero: 'We will never forget'...
Tells
teen survivor he knows
Justin Bieber...
Turns
Back on 9/11 Family Member...
AUDIO...
Muslim
Brotherhood urges review of Israel ties...
Pakistanis
burn U.S. flags; backlash over death grows...
Pakistan
officials: No resistance in 'cold-blooded' U.S. raid...
Warns
America not to stage any more...
Threatens
'disastrous consequences'...
Muslims
already name dump location 'Martyr's Sea'...
OBAMA,
NO PHOTOS OF OSAMA: 'We don't need to spike the football'...
'Conspiracy theorists will just claim doctored'...
Sen.
Scott Brown: 'I've seen picture, he's definitely dead'...
UPDATE:
Photo proving bin Laden's death to Sen. Brown was
faked...
three
senators fell for fakes...
UPDATE:
'The photo I saw and that a lot of other people saw is not authentic'...
Top
Dem: No photo needed, 'there's absolute proof'...
REUTERS RELEASES 'DEATH SCENE' PHOTOS
**WARNING GRAPHIC**
UPDATE: Photo proving bin Laden's death to Sen. Brown was faked...
Possibly
three senators fell for fakes...
Pakistan:
'Not a single bullet fired from compound'...
WIRE:
Photos from 1 hour after raid show 3 dead, no weapons...
The
Slippery Story of the bin Laden Kill...
Official says 'killed apparently
by the U.S. raid team'...
DOLLAR
HITS 3 YEAR LOW...
1
IN 7 ON FOOD STAMPS!
Job
numbers disappoint...
Treasury
suggests $2 trillion debt cap raise...
Are
We Headed for a Major Correction?
The Housing Time Bomb ‘I wanted to take a few minutes and share a chart
with you. As you all know I am not much of a T/A guy. However, over the longer
term, I do watch them from time to time.
I often watch
the Russell 2000 when I am looking for a trend change because it's usually the
first sector that rolls over during bear markets.
After taking a peak at the monthly of the Russell, I couldn't help but take
notice of an almost perfect double top:
http://static.seekingalpha.com/uploads/2011/5/4/saupload_2011_05_03_tos_charts.png
My Take:
The Russell is
much more sensitive than the rest of the market because it is comprised of
smaller companies with matching smaller balance sheets. Therefore, they are
much more susceptible to a weakening economy versus a huge company like Apple (AAPL) that
sits on tens of billion in cash.
As a result,
when things start to head south as a result of things like $4 gas, the market
tends to sell these names first. The fact that it couldn't hold the trendline
after breaking through the 2007 highs is something to take note of.
The
Bottom Line:
So are we due
for a major correction? Hard to tell. The Fed seems obsessed with taking the
market higher, and it has decided to destroy our currency in order to due so in
the process.
The reality
here is no one wins this game if the dollar loses because stocks are priced in
dollars, and if the currency cracks it's not going to matter where the market
is.
The market, in
my opinion, seems to be struggling with a colossal battle between the powerful
forces of debt deflation and deleveraging, versus the equally powerful forces
of inflation via currency debasing courtesy of the easy money Fed.
This battle
has become a personal struggle for myself, which is why I haven't had much to
say recently. Part of me believes that debt deflation is inevitable as the
world realizes the trillions of digital dollars that people moronically
borrowed over the past decade will never be paid back.
However, at
the same time, you also have extremely powerful inflationary forces that are
being created by the Fed as they continue money printing and keeping rates low
at the same time the rest of the world takes rates higher. India just raised
rates by .50 basis points yesterday.
Who will win
this battle? Hard to say. I am positioning myself for both.
What I can
tell you is what I have done with my positions recently:
I sold out of
50% of my silver at around $45. Things got a little too bubbly for me here. I
will look for cheaper prices.
I shorted the
Russell last week via TWM. I also continue holding some small short positions
in SDS and QID.
On the long side I bought the nuclear stock EXC
when it got oversold following the Japanese nuclear disaster and I also added
the titanium stock TIE.
I still hold
the majority of my money in cash which at any moment could become worthless.
This is a scary proposition to me but the way I see it the dollar should rise
before it tanks because I think Europe is going to go down before we do.
Greece will
default by the end of the year. The market has already priced it in. The
rippling effects of this in terms of the rest of the PIIGS are flat out
frightening to me but there is nothing I can do to control it.
All I can do
here is stick to the fundamentals and the most important one to remember is
risk is relative! As a result, I don't believe the dollar is toast just yet
because the bond market continues to tell us that we are the best looking horse
in the glue factory of bankrupt countries.
I write this
post as a warning that something big could be coming. Please play defense and
be safe.’
Let
the budget battle begin After two weeks of tumultuous meetings with
constituents, Congress returns to a lengthy fight over the nation’s solvency.
(Washington Post) [ Or more aptly put, stated another way, the
nation’s solvency is over. Now that would be cutting to the chase. After all,
it’s a little late for ‘budget bustin’ heroics’. Quite simply, america’s
defacto bankrupt with no end in sight, such being the insurmountable nature of
same where interest alone is eating progressively into GDP beyond the
subterfuge, smoke and mirrors, diversions. Gerson:
How serious are we about the deficit? (Washington Post) [ Not much! I mean come on! Davis ‘… This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ … Suckers’
rally to keep suckers suckered: Philadelphia
Fed Depresses Economists Durden ‘On Thursday April 21,
2011, 1:32 pm EDT And here comes the first indicator that Q2 GDP is
about to be mass revised by everyone, courtesy of Japan, and ongoing inflation
pressures: the Philadelphia Fed collapsed from a revised 43.4 (a 27 year high)
to 18.5, the lowest since November 2010… This is an
especially great opportunity to sell / take profits while you still can since
there's much worse to come!
U.S. Economy Remains on Life Support Hansen ‘This has
been a whirlwind week for intangible monetary policy news which was lead by:
- The Federal Reserve press
conference by Chairman Bernanke which contained almost no new economic
insights; and,
- An FOMC
meeting with no policy changes or insights.
My foggy long range economic view is of a moderately
improving economy which is fighting growing fiscal headwinds. My takeaway from
from the press conference and FOMC meeting was a fairly strong opinion by
Chairman Bernanke that the economy was gaining enough traction to stand on its
own without further accommodation.
A deeper look at advance 1Q2011 GDP real growth of
1.8% should quickly dispel this.
The economy is still in recession if the economic
effects of the automatic
stabilizers are taken into consideration. Automatic stabilizers are
automatic changes in the government’s revenues and outlays that are
attributable to cyclical movements in real output.
http://static.seekingalpha.com/uploads/2011/5/1/saupload_z_weekly13.png
…
]
U.S.
debt Running in the red: How the U.S., on the road to surplus, detoured to
massive debt (Washington Post) [
Detour, towar’, war … thieving, raping, pillaging and plundering … Davis ‘… This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ … Philadelphia
Fed Depresses Economists Durden ‘And here comes the first indicator that Q2
GDP is about to be mass revised by everyone, courtesy of Japan, and ongoing
inflation pressures: the Philadelphia Fed collapsed from a revised 43.4 (a 27
year high) to 18.5, the lowest since November 2010…
This is an especially great opportunity to sell / take profits while you still
can since there's much worse to come!
WallStCheatSheet:
- Market Direction : Regardless of the underlying
trends, if the market is moving lower, in many instances the market dip
can overwhelm any positive, stock- specific factors.
- Profit Taking : Many times investors holding a
long position will have price targets or levels, if achieved, that will
trigger selling whether positive elements are in place or not.
- Interest Rates : Certain valuation techniques
(e.g. Discounted Cash Flow and Dividend Discount Model) integrate interest
rates into the value calculation. Therefore, a climb in interest rates has
the potential of lowering stock prices – even if the dynamics surrounding
a particular security are excellent.
- Quality of Earnings : Sometimes producing
winning results is not enough. On occasion, items such as one-time gains,
aggressive revenue recognition, and lower than average tax rates assist a
company in getting over a profit hurdle. Investors value quality in
addition to quantity.
- Outlook : Even if current period results may be
strong, on some occasions a company’s outlook regarding future prospects
may be worse than expected. A dark or worsening outlook can pressure
security prices.
- Politics & Taxes : These factors may prove
especially important to the market this year, since this is a mid-term
election year. Political and tax policy changes today may have negative
impacts on future profits, thereby impacting stock prices.
- Other Exogenous Items : Natural disasters and
security attacks are examples of negative shocks that could damage price
values, irrespective of fundamentals.
Obama’s
victory lap (Washington Post) The
killing of bin Laden offered hope of instant renewal. [ Only wobama aficionado
Mr. Milbank could latch onto this propagandist Orwellian dream and call it
victory. Sounds like he’s shootin’ for a job in this failed
presidency/administration as others, including from the Post, have done and
made. 10
Reasons 2011 Is Feeling More and More Like 2008 Jensen ‘The market ended
April as it began, grinding up on low volume, ignoring increasingly worsening
energy prices, continued turmoil in the Middle East and slowing worldwide
economic growth. To me it feels like we are in the calm before the storm. More
specifically, it eerily feels like the months before the financial crisis and
meltdown of 2008. The similarities are striking to me and think the market is
ignoring the signs of an impending and significant pullback over the summer.
Here are ten
reasons 2011 is starting to feel so much like 2008.
- Gas prices
are rising rapidly and starting to impact consumer spending and sentiment. On Thursday, gas prices hit this highest level
since July 31st, 2008 and have risen every month since last
August, up over 30% since the “Arab Spring” commenced in Tunisia. Consumer
discretionary stocks are particularly vulnerable. Avoid high priced
retailers like Lululemon (LULU) and Under Armour (UA)
as well as retailers focused on demographics especially vulnerable to high
gas prices, such as Abercrombie & Fitch (ANF).
- Despite
numerous federal programs (mostly failed), the housing market remains
moribund. Prices
continue to fall across most markets in the United States, albeit at a
slower rate than 2008 and in the immediate aftermath of the financial
crisis. New housing starts are bumping along at record lows and are
contributing little to job growth.
- The
Federal Reserve continues to be behind the curve. In 2008, the subprime loan problem was
“contained”. In 2011, Bernanke can’t seem to see any signs of inflation
despite rapidly rising energy and food prices (they are not “core” components
of the Index Blind Ben places his faith in, after all) or all through the
commodity complex.
- In 2008,
we were fighting military actions in two Middle Eastern countries; Iraq
and Afghanistan. In 2011, we are still fighting in Iraq and Afghanistan
and have added ½ a war in Libya, which we have outsourced to NATO. Given the quickening pace of unrest in that
volatile area of the world and our incoherent policy .. However, given the
worsening events in the region, a higher floor for oil prices has been established
in the short and medium term.
- World food
prices increased dramatically in the 1st and 2nd quarter of 2008 creating
a global crisis and
causing political and economical instability and social unrest in both
poor and developed nations. The price of wheat has gone up 75% in the last year and many
foodstuffs have more than doubled in price over the last twelve months. In
2008, this produced food riots in many developing countries. In 2011, we
have uprisings throughout the Middle East ..
- In May
2008, the market was worried about which was the next financial
institution to fall after the Bear Stearns debacle. In May 2011, the market is waiting to see what
European sovereign state will be the next to need a bailout after Greece,
Ireland and Portugal and what the ramifications will be for the credit
markets.
- In 2008,
gold hit $900 an ounce in January of that year and $1000 an ounce for the
first time in March 2008.
In 2011, gold and silver just hit all time highs last week with gold
hitting $1535 an ounce and silver in a distinct bubble at $50 an ounce.
- As in
2008, U.S. GDP growth was anemic in the first quarter. In 2008, economic growth clocked in at .6% in
Q1. In 2011, GDP growth was better at 1.8% but show a significant slowdown
from the previous quarter.
- As in
2008, the fiscal and monetary policies of the United States have led to a
decline in the value of its currency. Despite significant problems in Europe and
Japan, the dollar index just hit its lowest point since July 2008. This is
a major contributor to the increasing inflation ..
- In 2008,
China, the world’s third largest economy, instituted a series of measures
to curb growth in order to address increasing inflation and the beginnings
of a property bubble.
The Shanghai Index fell over 10% in the first half of 2008. In 2011, ..the
Shanghai Index has been flat despite the S&P being up approximately
15% over the same time period ]
SPX
Pullback History: 2009-2011
[chart http://static.seekingalpha.com/uploads/2011/5/3/saupload_spxpullbacks09_11050311.png ]
CHART
OF THE DAY: Watch the US Debt Set a 60 Year Record
‘World
is safer,’ president says Osama bin Laden is portrayed as a reclusive
figure whose final moments exposed his cowardice. (Washington Post) [ This former cia-supported ally may be
legitimately described as many things; but coward is not one of them.
Principled in giving up riches, comfort, he said americans are thieves; that is absolutely true, and I would
add frauds, criminals, war criminals. Bullies / cowards;ie., wobama, bush,
clinton, cheney, bush, et als … - I wrote: Psychology
forum Re: Bystander Effect ‘… I believe the
foregoing psycho-babble to be absolute, unequivocal
Rubbish/Hogwash/b.s.
The foregoing web site is, from direct experience,
lacking credibility. Indeed, while walking through Military Park (a sliver of a
“park” - more a pedestrian thoroughfare/cement walks) in newark, new jersey on
the way to the bank during lunch hour, I heard the clearly audible
screams/cries of what turned out to be an old lady on the ground with blood
streaming from her mouth. I ran toward the sound of the cries, the source of
which I could not see because there were so many people in and about this
thoroughfare so as to block any vision of the source of the cries. When I came
to the woman, on the ground, blood streaming from her mouth, I asked what
happened, to which she responded she had been hit in the mouth and knocked to
the ground, her purse stolen/put inside her shopping bag, and she pointed out
the criminal casually now walking across the main street. Nobody stopped to
help her, many having passed her by. I slammed the thug to the ground so hard
that, in light of all the blood and confusion (limbic system / adrenalin flow)
I thought I had been stabbed (the blood was from his elbows hitting the
pavement so hard - no one helped/a crowd gathered/an undercover cop happened along).
When I testified at the Grand Jury Proceeding I made sure his threat on my life
was set forth in prima facie fashion so as to maximize the DA’s position
with both felonies (he went to prison – pled out). (The other case I wrote
about here - Having had occasion to have run down a
mugger in newark, n.j. who apparent had followed a girl from the bank on her
way to the bursar to pay tuition, though in pretty good shape, I was astounded
by how totally exhausting such a pursuit was, how much like rubber my arms were
when I traded punches with the perpetrator, and truth be told, if I had a
flashlight on my belt, I have little doubt that I would have probably used it
to subdue the perp. The girl was not that seriously injured, did get her
pocketbook and tuition back, and the criminal went to jail. The other
thing about such a pursuit that amazed me was that no one else assisted the
girl or me despite being in a position to do so).
CONCLUSION
The reality, though difficult for many, including
psychologists to accept is that quite simply, the vast and overwhelming
majority of americans are without any courage whatsoever. They are cowards,
plain and simple. All the excuses, rationalizations, etc., psycho-babble if you
will, in the world will not change that fact. I could cite numerous instances
involving white collar/RICO crimes involving such cowardice as well. I
understand statistics, the term ad hoc, sampling, etc.. The conclusion stands!.
Red Alert: Government Had Osama bin Laden Frozen for Years
Kurt Nimmo and Alex Jones | Obama makes a suspiciously timed speech, claims
Osama killed in Pakistan. Videos [ As set forth infra, I personally believe
Osama’s been dead for quite some time. Indeed, for one on dialysis, he
otherwise would have been nothing less than a modern day miracle in terms of
longevity / mortality rates for those so afflicted, particularly under the
‘stressful’ circumstances involving evading capture, betrayal for money, etc..
His ‘surfacing’ for a ‘talk’ wouldn’t even pass muster in the most rudimentary
requirements for ‘proof of life’. The release at this time of the
‘announcement’ is, rather than a victory lap so to speak, but rather a sign of
weakness and desperation on the part of america whose global and domestic
economic, financial, and geopolitical position is substantially diminished and
declining rapidly and whose military industrial complex welfare plan along with
the Orwellian diversion of the masses could at most yield a pyrrhic victory
which also would require for consummation a wrap-up of this nation-bankrupting
contrived war scenario, which is not likely. Moreover, the same comes at a time of systemic failure for pervasively
corrupt, defacto bankrupt america While the ‘announcement’ plays well for the
nonce, to the dumb, uninformed back home, the same will galvanize resistance in the name of their
now martyr, Osama Bin Laden. In sum, other than somewhat questionable
propaganda value, the announcement will have no measurable effect on america’s
continuing mideast / global debacle. In other words, defacto bankrupt america
has used up a ‘bullet’, albeit a blank at that! ]
In February,
2004, Iranian state radio claimed Osama bin Laden had been
captured in Pakistan’s border region with Afghanistan “a long time ago.”
Pentagon and Pakistani officials denied the report. “Osama bin Laden has been
arrested a long time ago, but Bush is intending to use it for propaganda
maneuvering in the presidential election,” the radio report said…’ ]
Drudgereport:
The official, who
wished to remain anonymous, sold the pictures to REUTERS...
Recovery
efforts may be bad for dollar (Washington Post) U.S. efforts to speed the
economic recovery could transform the currency’s slow decline into a precipitous
fall. [ Oh, riiiiight! That ‘method’ to their madness. I’d like to know at this
point in the continuing debacle just what possibly could be realistically good
for the dollar. SPX
Pullback History: 2009-2011
chart http://static.seekingalpha.com/uploads/2011/5/3/saupload_spxpullbacks09_11050311.png
As
Food Stamp Recipients Hit New Record, 400 Americans Account For 10% Of Capital
Gains Today SNAP released the most recent food stamp numbers. Not
surprisingly, we just saw another all time high 44.2 million poverty-level
Americans relying on government funding for day to day sustenance. ]
Deal
on controlling debt stalls (Washington Post) A bipartisan effort to rein in
the national debt stalls, as members of the Senate’s so-called Gang of Six
signal that an agreement is unlikely to come in time for the start of White
House-led budget talks. [ Who woulda’ thunk it? Riiiiight! Stalling in
washington … I’ve experienced it myself.
Let
the budget battle begin After two weeks of tumultuous meetings with
constituents, Congress returns to a lengthy fight over the nation’s solvency.
(Washington Post) [ Or more aptly put, stated another way, the
nation’s solvency is over. Now that would be cutting to the chase. After
all, it’s a little late for ‘budget
bustin’ heroics’. Quite simply, america’s defacto bankrupt with no end in
sight, such being the insurmountable nature of same where interest alone is
eating progressively into GDP beyond the subterfuge, smoke and mirrors,
diversions. Gerson:
How serious are we about the deficit? (Washington Post) [ Not much! I mean come on! Davis ‘… This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ … Suckers’
rally to keep suckers suckered: Philadelphia
Fed Depresses Economists Durden ‘On Thursday April 21,
2011, 1:32 pm EDT And here comes the first indicator that Q2 GDP is
about to be mass revised by everyone, courtesy of Japan, and ongoing inflation
pressures: the Philadelphia Fed collapsed from a revised 43.4 (a 27 year high)
to 18.5, the lowest since November 2010… This is an
especially great opportunity to sell / take profits while you still can since
there's much worse to come! U.S. Economy Remains on Life Support Hansen ‘This has been a whirlwind week for intangible
monetary policy news which was lead by:
- The Federal Reserve press
conference by Chairman Bernanke which contained almost no new economic
insights; and,
- An FOMC
meeting with no policy changes or insights.
…
A deeper look at advance 1Q2011 GDP real growth of
1.8% should quickly dispel this.
The economy is still in recession if the economic
effects of the automatic
stabilizers are taken into consideration. Automatic stabilizers are
automatic changes in the government’s revenues and outlays that are
attributable to cyclical movements in real output.
http://static.seekingalpha.com/uploads/2011/5/1/saupload_z_weekly13.png
…]
Rising
gas prices shift debate (Washington
Post) A year after a massive oil spill, a single concern is prompting push for
more drilling: $4-a-gallon gas. [Ah, riiiiight! Drilling … that’s it … not an
end to ‘no-recession-helicopter ben-b.s. bernanke’s’ dollar debasement policies
with the predictable consequences we’re seeing (including $4 gas), which among
other manipulations have been great for the frauds on wall street and ‘the
few’, to the detriment of virtually everyone else. SPX
Pullback History: 2009-2011
[chart http://static.seekingalpha.com/uploads/2011/5/3/saupload_spxpullbacks09_11050311.png ]
As
Food Stamp Recipients Hit New Record, 400 Americans Account For 10% Of Capital
Gains Today SNAP released the most recent food stamp numbers. Not
surprisingly, we just saw another all time high 44.2 million poverty-level
Americans relying on government funding for day to day sustenance. ]
White
House says bin Laden was unarmed, had no human shield (Washington Post)
Officials attribute initial missteps to administration’s “great haste” in
trying to share details even while operational updates were still pouring in. [
I don’t believe anything the u.s. government says … I can’t believe there are
people dumb enough to believe anything the u.s. government says. Bin
Laden was unarmed when SEALs stormed room (AP) AP - Osama bin Laden was
unarmed when Navy SEALs burst into his room and shot him to death, the White
House said Tuesday, a change in the official account that raised questions… White House struggles to get story right on raid (AP)
CIA Employs Theatrics to Heighten Drama in Osama Murder
Photo Release Kurt Nimmo | Photo will be offered as
final proof Navy Seals double-tapped Osama.
Forget Pakistan, US Knew Bin Laden’s Location All Along Paul
Joseph Watson | US intelligence pinpointed terror leader’s precise
location on numerous occasions and let him escape every time.
More Fake Photos of a Dead bin Laden and Son Circulate
the Web Matt Ryan | After only a brief examination,
it’s clear they are obvious fakes.
Alex Jones Special Broadcast on The Bin Laden Hoax Infowars.com
EPIC
FAIL: The US Government’s History Of Fake Bin Laden Tapes When has the US
government and its corporate mouthpiece media ever produced anything authentic
and credible as far as Bin Laden goes?
The
Dead Bin Laden Photo Does Nothing To Address These Facts The establishment
media has manufactured a strawman argument centered around the false premise
that when the White House releases an image of Osama Bin Laden with a bullet
through his head, which we’re told is imminent, that instantly puts to bed
every “conspiracy theory” (ie truth and documented cover-up) surrounding OBL’s
dubious history as the head of Al-Qaeda, a US intelligence front.
Pakistan
Could Be Linked To OBL – But The CIA Defninitely Is
Bin
Laden’s Neighbour: “None Of This Is True” A resident of Abbottabad says he
believes it is simply not true that Bin Laden was hiding out in a compound
within yards of his own home. ]
How
Pakistan responds will determine its future relationship with the U.S. (Washington Post) A final breach could put
at risk U.S.’s hope of military progress against Afghan Taliban insurgents. [ I
mean come on! You have to give Pakistan a little credit; that is, like Iraq, Afghanitstan, etc., it’s a
thanks but no thanks … look at the destruction, the raping, pillaging and
plundering by the war criminal americans. What we see on our propagandist,
filtered news couldn’t possibly reflect the real sentiments regarding
pervasively corrupt, defacto bankrupt, war criminal americans. Key
Afghan aid programs delayed (WP) [
Strategy? Critical time? We’ve heard that song before. And, yet another nation
and innocent lives destroyed for no good reason .. Petraeus
to helm more-militarized CIA (WP) [
I believe there has already been a defacto coup d’etat in america.
Drudgereport: Pentagon Warns Obama Against Deeper Defense Cuts 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 fear of
prosecution, 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.),military and
private big money, ie., wall street men, etc… http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Top
Mexican Drug Lord: I Trafficked Cocaine For The U.S. Government .. CIA
torture jet that crashed with four tons on cocaine on board back in 2007 has
told the U.S. District Court for the Northern District of Illinois in Chicago
that he has been working as a U.S. government asset for years. Rendition:
Where the War on Terror Meets the War on Drugs Henningsen | ... I’ve experienced
the corrupt inter-relationship of the government (all 3 branches) and the
illegal drug trade / obstruction of justice / bribery, particularly the courts
/ u.s. attorneys (ie., alito – now u.s. supreme court justice – quid pro quo
for complicity / cover-up),
… “torture taxis” – used by the CIA to move captives seized in its
kidnapping or “extraordinary rendition” operations .. simultaneously used for
drug distribution .. 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- same planes chartered to the CIA for
the rendition of suspected terrorists prisoners…’]
SPX
Pullback History: 2009-2011
[chart http://static.seekingalpha.com/uploads/2011/5/3/saupload_spxpullbacks09_11050311.png ]
CHART
OF THE DAY: Watch the US Debt Set a 60 Year Record
Wall Street falls as earnings fears threaten rally (Reuters) - Reuters - stocks fell on Tuesday as investors
questioned the sustainability of the rally in light of fresh worries about
earnings growth in the coming quarters.
US
Debt Rating Should Be ‘C’: Independent Agency There have been increasing
concerns about the fate of United States’ prized triple-A sovereign debt
rating. While Standard and Poor’s recently downgraded its U.S. debt outlook to
negative from stable, implying that a ratings cut could happen in two years,
one independent ratings agency has given the U.S. sovereign rating a “C”.
As
Food Stamp Recipients Hit New Record, 400 Americans Account For 10% Of Capital
Gains Today SNAP released the most recent food stamp numbers. Not
surprisingly, we just saw another all time high 44.2 million poverty-level
Americans relying on government funding for day to day sustenance.
‘World
is safer,’ president says Osama bin Laden is portrayed as a reclusive
figure whose final moments exposed his cowardice. (Washington Post) [ This former cia-supported ally may be
legitimately described as many things; but coward is not one of them. Principled
in giving up riches, comfort, he said americans are thieves; that is absolutely true, and I would
add frauds, criminals, war criminals. Bullies / cowards;ie., wobama, bush,
clinton, cheney, bush, et als … - I wrote: Psychology
forum Re: Bystander Effect ‘… I believe the
foregoing psycho-babble to be absolute, unequivocal
Rubbish/Hogwash/b.s.
The foregoing web site is, from direct experience,
lacking credibility. Indeed, while walking through Military Park (a sliver of a
“park” - more a pedestrian thoroughfare/cement walks) in newark, new jersey on
the way to the bank during lunch hour, I heard the clearly audible
screams/cries of what turned out to be an old lady on the ground with blood
streaming from her mouth. I ran toward the sound of the cries, the source of
which I could not see because there were so many people in and about this
thoroughfare so as to block any vision of the source of the cries. When I came
to the woman, on the ground, blood streaming from her mouth, I asked what happened,
to which she responded she had been hit in the mouth and knocked to the ground,
her purse stolen/put inside her shopping bag, and she pointed out the criminal
casually now walking across the main street. Nobody stopped to help her, many
having passed her by. I slammed the thug to the ground so hard that, in light
of all the blood and confusion (limbic system / adrenalin flow) I thought I had
been stabbed (the blood was from his elbows hitting the pavement so hard - no
one helped/a crowd gathered/an undercover cop happened along). When I testified
at the Grand Jury Proceeding I made sure his threat on my life was set forth in
prima facie fashion so as to maximize the DA’s position with both
felonies (he went to prison – pled out). (The other case I wrote about here - Having had occasion to have run down a mugger in newark, n.j. who
apparent had followed a girl from the bank on her way to the bursar to pay
tuition, though in pretty good shape, I was astounded by how totally exhausting
such a pursuit was, how much like rubber my arms were when I traded punches
with the perpetrator, and truth be told, if I had a flashlight on my belt, I
have little doubt that I would have probably used it to subdue the perp. The
girl was not that seriously injured, did get her pocketbook and tuition back,
and the criminal went to jail. The other thing about such a pursuit that
amazed me was that no one else assisted the girl or me despite being in a
position to do so).
CONCLUSION
The reality, though difficult for many, including
psychologists to accept is that quite simply, the vast and overwhelming
majority of americans are without any courage whatsoever. They are cowards,
plain and simple. All the excuses, rationalizations, etc., psycho-babble if you
will, in the world will not change that fact. I could cite numerous instances
involving white collar/RICO crimes involving such cowardice as well. I
understand statistics, the term ad hoc, sampling, etc.. The conclusion stands!.
Let
the budget battle begin After two weeks of tumultuous meetings with
constituents, Congress returns to a lengthy fight over the nation’s solvency.
(Washington Post) [ Or more aptly put, stated another way, the
nation’s solvency is over. Now that would be cutting to the chase. After
all, it’s a little late for ‘budget
bustin’ heroics’. Quite simply, america’s defacto bankrupt with no end in
sight, such being the insurmountable nature of same where interest alone is
eating progressively into GDP beyond the subterfuge, smoke and mirrors,
diversions. Gerson:
How serious are we about the deficit? (Washington Post) [ Not much! I mean come on! Davis ‘… This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ … Suckers’
rally to keep suckers suckered: Philadelphia
Fed Depresses Economists Durden ‘On Thursday April 21,
2011, 1:32 pm EDT And here comes the first indicator that Q2 GDP is
about to be mass revised by everyone, courtesy of Japan, and ongoing inflation
pressures: the Philadelphia Fed collapsed from a revised 43.4 (a 27 year high)
to 18.5, the lowest since November 2010… This is an
especially great opportunity to sell / take profits while you still can since
there's much worse to come! U.S. Economy Remains on Life Support Hansen ‘This has been a whirlwind week for intangible
monetary policy news which was lead by:
- The Federal Reserve press
conference by Chairman Bernanke which contained almost no new economic
insights; and,
- An FOMC
meeting with no policy changes or insights.
My foggy long range economic view is of a moderately
improving economy which is fighting growing fiscal headwinds. My takeaway from
from the press conference and FOMC meeting was a fairly strong opinion by
Chairman Bernanke that the economy was gaining enough traction to stand on its
own without further accommodation.
A deeper look at advance 1Q2011 GDP real growth of
1.8% should quickly dispel this.
The economy is still in recession if the economic
effects of the automatic
stabilizers are taken into consideration. Automatic stabilizers are
automatic changes in the government’s revenues and outlays that are
attributable to cyclical movements in real output.
http://static.seekingalpha.com/uploads/2011/5/1/saupload_z_weekly13.png
…
]
U.S.
debt Running in the red: How the U.S., on the road to surplus, detoured to
massive debt (Washington Post) [
Detour, towar’, war … thieving, raping, pillaging and plundering … Davis
‘… This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
… Philadelphia
Fed Depresses Economists Durden ‘And here comes the first indicator that Q2
GDP is about to be mass revised by everyone, courtesy of Japan, and ongoing
inflation pressures: the Philadelphia Fed collapsed from a revised 43.4 (a 27
year high) to 18.5, the lowest since November 2010…
This is an especially great opportunity to sell / take profits while you still
can since there's much worse to come!
WallStCheatSheet:
- Market Direction : Regardless of the underlying
trends, if the market is moving lower, in many instances the market dip
can overwhelm any positive, stock- specific factors.
- Profit Taking : Many times investors holding a
long position will have price targets or levels, if achieved, that will
trigger selling whether positive elements are in place or not.
- Interest Rates : Certain valuation techniques
(e.g. Discounted Cash Flow and Dividend Discount Model) integrate interest
rates into the value calculation. Therefore, a climb in interest rates has
the potential of lowering stock prices – even if the dynamics surrounding
a particular security are excellent.
- Quality of Earnings : Sometimes producing
winning results is not enough. On occasion, items such as one-time gains,
aggressive revenue recognition, and lower than average tax rates assist a
company in getting over a profit hurdle. Investors value quality in
addition to quantity.
- Outlook : Even if current period results may be
strong, on some occasions a company’s outlook regarding future prospects
may be worse than expected. A dark or worsening outlook can pressure
security prices.
- Politics & Taxes : These factors may prove
especially important to the market this year, since this is a mid-term
election year. Political and tax policy changes today may have negative
impacts on future profits, thereby impacting stock prices.
- Other Exogenous Items : Natural disasters and
security attacks are examples of negative shocks that could damage price
values, irrespective of fundamentals.
Obama’s
victory lap (Washington
Post) The killing of bin Laden offered
hope of instant renewal. [ Only wobama aficionado Mr. Milbank could latch onto
this propagandist Orwellian dream and call it victory. Sounds like he’s
shootin’ for a job in this failed presidency/administration as others,
including from the Post, have done and made.
10
Reasons 2011 Is Feeling More and More Like 2008 Jensen ‘The market
ended April as it began, grinding up on low volume, ignoring increasingly
worsening energy prices, continued turmoil in the Middle East and slowing worldwide
economic growth. To me it feels like we are in the calm before the storm. More
specifically, it eerily feels like the months before the financial crisis and
meltdown of 2008. The similarities are striking to me and think the market is
ignoring the signs of an impending and significant pullback over the summer.
Here are ten
reasons 2011 is starting to feel so much like 2008.
- Gas prices
are rising rapidly and starting to impact consumer spending and sentiment. On Thursday, gas prices hit this highest level
since July 31st, 2008 and have risen every month since last
August, up over 30% since the “Arab Spring” commenced in Tunisia. Consumer
discretionary stocks are particularly vulnerable. Avoid high priced
retailers like Lululemon (LULU) and Under Armour (UA)
as well as retailers focused on demographics especially vulnerable to high
gas prices, such as Abercrombie & Fitch (ANF).
- Despite
numerous federal programs (mostly failed), the housing market remains
moribund. Prices continue
to fall across most markets in the United States, albeit at a slower rate
than 2008 and in the immediate aftermath of the financial crisis. New
housing starts are bumping along at record lows and are contributing
little to job growth.
- The
Federal Reserve continues to be behind the curve. In 2008, the subprime loan problem was
“contained”. In 2011, Bernanke can’t seem to see any signs of inflation
despite rapidly rising energy and food prices (they are not “core”
components of the Index Blind Ben places his faith in, after all) or all
through the commodity complex.
- In 2008,
we were fighting military actions in two Middle Eastern countries; Iraq
and Afghanistan. In 2011, we are still fighting in Iraq and Afghanistan
and have added ½ a war in Libya, which we have outsourced to NATO. Given the quickening pace of unrest in that
volatile area of the world and our incoherent policy .. However, given the
worsening events in the region, a higher floor for oil prices has been
established in the short and medium term.
- World food
prices increased dramatically in the 1st and 2nd quarter of 2008 creating
a global crisis and
causing political and economical instability and social unrest in both
poor and developed nations. The
price of wheat has gone up 75% in the last year and many foodstuffs have
more than doubled in price over the last twelve months. In 2008, this
produced food riots in many developing countries. In 2011, we have
uprisings throughout the Middle East ..
- In May
2008, the market was worried about which was the next financial
institution to fall after the Bear Stearns debacle. In May 2011, the market is waiting to see what
European sovereign state will be the next to need a bailout after Greece,
Ireland and Portugal and what the ramifications will be for the credit
markets.
- In 2008,
gold hit $900 an ounce in January of that year and $1000 an ounce for the
first time in March 2008.
In 2011, gold and silver just hit all time highs last week with gold
hitting $1535 an ounce and silver in a distinct bubble at $50 an ounce.
- As in
2008, U.S. GDP growth was anemic in the first quarter. In 2008, economic growth clocked in at .6% in
Q1. In 2011, GDP growth was better at 1.8% but show a significant slowdown
from the previous quarter.
- As in
2008, the fiscal and monetary policies of the United States have led to a
decline in the value of its currency. Despite significant problems in Europe and
Japan, the dollar index just hit its lowest point since July 2008. This is
a major contributor to the increasing inflation ..
- In 2008,
China, the world’s third largest economy, instituted a series of measures
to curb growth in order to address increasing inflation and the beginnings
of a property bubble. The
Shanghai Index fell over 10% in the first half of 2008. In 2011, ..the
Shanghai Index has been flat despite the S&P being up approximately
15% over the same time period
]
Osama
bin Laden was discovered ‘hiding in plain sight’ in Pakistan (Washington Post) U.S. officials begin to
provide details on the chronology of events. [
Intel Chief: They Killed “Make Believe Obama” Kurt Nimmo | Hamid Gul says event was a “make believe drama”
designed to be used for Obama’s upcoming re-election campaign.
Police State Kicks Into Overdrive On Dubious News of
Osama Takedown Kurt Nimmo | Increased
police presence in New York, Washington, Los Angeles, Seattle, and elsewhere
around the country.
Red Alert: Government Had Osama bin Laden Frozen for Years
Kurt Nimmo and Alex Jones | Obama makes a suspiciously timed speech, claims
Osama killed in Pakistan. Videos [ As set forth infra, I personally believe
Osama’s been dead for quite some time. Indeed, for one on dialysis, he
otherwise would have been nothing less than a modern day miracle in terms of
longevity / mortality rates for those so afflicted, particularly under the
‘stressful’ circumstances involving evading capture, betrayal for money, etc..
His ‘surfacing’ for a ‘talk’ wouldn’t even pass muster in the most rudimentary
requirements for ‘proof of life’. The release at this time of the
‘announcement’ is, rather than a victory lap so to speak, but rather a sign of
weakness and desperation on the part of america whose global and domestic
economic, financial, and geopolitical position is substantially diminished and
declining rapidly and whose military industrial complex welfare plan along with
the Orwellian diversion of the masses could at most yield a pyrrhic victory
which also would require for consummation a wrap-up of this nation-bankrupting
contrived war scenario, which is not likely. Moreover, the same comes at a time of systemic failure for pervasively
corrupt, defacto bankrupt america While the ‘announcement’ plays well for the
nonce, to the dumb, uninformed back home, the same will galvanize resistance in the name of their
now martyr, Osama Bin Laden. In sum, other than somewhat questionable
propaganda value, the announcement will have no measurable effect on america’s
continuing mideast / global debacle. In other words, defacto bankrupt america
has used up a ‘bullet’, albeit a blank at that! ]
In February,
2004, Iranian state radio claimed Osama bin Laden had been
captured in Pakistan’s border region with Afghanistan “a long time ago.”
Pentagon and Pakistani officials denied the report. “Osama bin Laden has been
arrested a long time ago, but Bush is intending to use it for propaganda
maneuvering in the presidential election,” the radio report said…’ ]
The
Dead Bin Laden Photo Does Nothing To Address These Facts The establishment
media has manufactured a strawman argument centered around the false premise
that when the White House releases an image of Osama Bin Laden with a bullet
through his head, which we’re told is imminent, that instantly puts to bed
every “conspiracy theory” (ie truth and documented cover-up) surrounding OBL’s
dubious history as the head of Al-Qaeda, a US intelligence front.
Pakistan
Could Be Linked To OBL – But The CIA Defninitely Is In the video below,
John Brennan, the chief counter-terrorism adviser for the globalists, tells us
the government is looking into a connection between Pakistan and Osama and the
scary terror group named after a Mujahideen database.
Bin
Laden’s Neighbour: “None Of This Is True” A resident of Abbottabad says he
believes it is simply not true that Bin Laden was hiding out in a compound
within yards of his own home.
Washington
Post: Report of bin Laden’s death spurs questions from conspiracy theorists While
much of America celebrated the dramatic killing of Osama bin Laden, the Sept.
11 conspiracy theorists still had questions. For them and a growing number of
skeptics, the plot only thickened.
RASMUSSEN:
No ‘Immediate Bounce’ for Obama Thursday will be the first update based
entirely upon interviews conducted after the Bin Laden story broke.
White
House Struggles To Get Its Lies Straight In Telling Bin Laden Fairytale The
White House backed away Monday evening from key details in its narrative about
the raid that killed Osama bin Laden, including claims by senior U.S. officials
that the Al Qaeda leader had a weapon and may have fired it during a gun battle
with U.S. forces.
Obama
Shamefully Exploits Bin Laden Fairytale In Transparent PR Stunt Mirroring how
George W. Bush stood on the rubble of the twin towers to perform a staged
public relations stunt in the aftermath of 9/11 as he enjoyed a huge surge in
popular approval, Barack Obama is attempting to pull off the same trick,
invoking “9/11-style unity” and busily heading to ground zero tomorrow to
shamefully exploit the Bin Laden fairytale his administration has crafted.
Drudgereport: IMAM:
'Dogs should not rejoice too much for killing lions'...
IMAM VOWS REVENGE
UN
rights boss asks US for facts on bin Laden killing...
Pakistan
condemns 'unauthorized unilateral action'...
PANETTA: Photo coming...
One image
shows a bullet wound to his head above his left eye...
Likely to become most viewed photographs in modern
history...
Will
death image silence doubters or fan flames?
CARNEY:
Release 'could be inflammatory'...
Concerned with Muslim 'sensitivities'...
Should
news organizations publish?
What
bin Laden photos show...
STORY
CHANGES: OSAMA DIDN'T HAVE GUN, DIDN'T USE WIFE AS SHIELD...
WH
SPOKESMAN: 'Resistance does not require a firearm'...
Official:
Appeared to be 'reaching for a weapon'...
Wife
not killed, shot in leg...
FLUSTERED
CARNEY: 'EVEN I'M GETTING CONFUSED'...
RASMUSSEN:
No 'Immediate Bounce' for Obama...
AVERAGE GAS PRICE NATIONWIDE LIKELY TO TOP $4 BY WEEK'S END...
$4.44
a gallon in Chicago...
Petition
Demands Equal FACEBOOK Town Hall Meeting for the GOP Presidential Nominee...
Looters
hit tornado victims' homes...
WIKILEAKS' Assange says
FACEBOOK a spy tool for US government... [ Facebook is not alone in
that regard … you must assume that all is being viewed … that’s my view.
Moreover, I further believe that much of the ‘hacking’ / intrusion / viral
infections are done by the u.s. government or their assigns. ]
GDP: These Awesome Charts Put the GDP Revision in Perspective
7 Significant Variables That Can Move Stock Prices Lower WallStCheatSheet [ It’s truly a bad investing scenario when stocks / stock market
is likened to gambling / sports betting – and I’d say the latter is less prone
to fraud / manipulation as is ubiquitously extant on fraudulent wall street. ]
‘ There are many similarities between investing in stocks and handicapping in sports betting. For
example, investors (bettors) have opposing views on whether a particular stock
will go up or down (win or lose), and determine if the valuation (point spread)
is reflective of the proper equilibrium (supply & demand). And just like
the stock market, virtually anybody off the street can place a sports bet –
assuming one is of legal age and in a legal betting jurisdiction.
Right now investors are poring over data as part of the
critical, quarterly earnings ritual. Thus far, roughly 20% of the companies
in S&P 500 index (NYSE:SPY) have reported their results and 78% of those companies have beaten Wall Street expectations.
Unfortunately for the bulls, this trend has not been strong enough to push
market prices higher in 2010. Companies that have reported include: Microsoft (NASDAQ:MSFT), Alcoa (NYSE:AA), American Express (NYSE:AXP), Boeing (NYSE:BA), Bank of American (NYSE:BAC), Citigroup (NYSE:C), Caterpillar (NYSE:CAT), Chevron (NYSE:CVX), duPont (NYSE:DD), General Electric (NYSE:GE), Goldman Sachs (NYSE:GS), IBM (NYSE:IBM), Johnson & Johnson (NYSE:JNJ), JPMorgan (NYSE:JPM), Coca-Cola (NYSE:KO), Ford (NYSE:F), McDonald’s (NYSE:MCD), 3M (NYSE:MMM), Merck (NYSE:MRK), Proctor & Gamble (NYSE:PG), Sprint (NYSE:S), Traveler’s (NYSE:TRV), United Technologies (NYSE:UTX), eBay (NASDAQ:EBAY), Verizon (NYSE:VZ) and ExxonMobil (NYSE:XOM).
So how and why
can market prices go down on good news? There are many reasons that
short-term price trends can diverge from short-run fundamentals. One major
reason for the price-fundamental gap is the following factor: expectations.
Just last week, the market had climbed over +70% in a ten month period, before
issues surrounding the Massachusetts Senatorial election, President Obama’s
banking reform proposals, and Federal Reserve Bank Chairman Ben Bernanke’s
re-appointment surfaced. With such a large run-up in the equity markets come
loftier expectations for both the economy and individual companies.
So when
corporate earnings unveiled from companies like Google (NASDAQ:GOOG), J.P. Morgan (NYSE:JPM), and Intel (NASDAQ:INTC) outperform relative to forecasts, one
explanation for an interim price correction is due to a significant group of
investors not being surprised by the robust profit reports. In sports betting
lingo, the sports team may have won the game this week, but they did not win by
enough points (“cover the spread”).
Some other
reasons stock prices move lower on good news:
- Market Direction : Regardless of the underlying
trends, if the market is moving lower, in many instances the market dip
can overwhelm any positive, stock- specific factors.
- Profit Taking : Many times investors holding a
long position will have price targets or levels, if achieved, that will
trigger selling whether positive elements are in place or not.
- Interest Rates : Certain valuation techniques
(e.g. Discounted Cash Flow and Dividend Discount Model) integrate interest
rates into the value calculation. Therefore, a climb in interest rates has
the potential of lowering stock prices – even if the dynamics surrounding
a particular security are excellent.
- Quality of Earnings : Sometimes producing
winning results is not enough. On occasion, items such as one-time gains,
aggressive revenue recognition, and lower than average tax rates assist a
company in getting over a profit hurdle. Investors value quality in
addition to quantity.
- Outlook : Even if current period results may be
strong, on some occasions a company’s outlook regarding future prospects
may be worse than expected. A dark or worsening outlook can pressure
security prices.
- Politics & Taxes : These factors may prove
especially important to the market this year, since this is a mid-term
election year. Political and tax policy changes today may have negative
impacts on future profits, thereby impacting stock prices.
- Other Exogenous Items : Natural disasters and
security attacks are examples of negative shocks that could damage price
values, irrespective of fundamentals.
Certainly these previously mentioned issues do not
cover the full gamut of explanations for temporary price-fundamental gaps.
Moreover, many of these factors could be used in reverse to explain market
price increases in the face of weaker than anticipated results.
For those individuals traveling to Las Vegas to place
a wager on the NFL Super Bowl, betting on the hot team may not be enough. If
expectations are not met and the hot team wins by less than the point spread, don’t be surprised to see a decline in the value of the bet.
Wade W. Slome is a CFA and CFP® at Sidoxia Capital
Management.
Disclosure: Sidoxia Capital Management (SCM) and some
of its clients own GOOG and certain exchange traded funds, but do not own JPM
or INTC or any other security referenced in this article…’
10
Reasons 2011 Is Feeling More and More Like 2008 Jensen ‘The market ended April as it began, grinding
up on low volume, ignoring increasingly worsening energy prices, continued
turmoil in the Middle East and slowing worldwide economic growth. To me it
feels like we are in the calm before the storm. More specifically, it eerily
feels like the months before the financial crisis and meltdown of 2008. The
similarities are striking to me and think the market is ignoring the signs of
an impending and significant pullback over the summer.
Here are ten
reasons 2011 is starting to feel so much like 2008.
- Gas prices are rising rapidly and starting to
impact consumer spending and sentiment. On Thursday, gas prices hit this highest level
since July 31st, 2008 and have risen every month since last
August, up over 30% since the “Arab Spring” commenced in Tunisia. Consumer
discretionary stocks are particularly vulnerable. Avoid high priced
retailers like Lululemon (LULU) and Under Armour (UA)
as well as retailers focused on demographics especially vulnerable to high
gas prices, such as Abercrombie & Fitch (ANF).
- Despite numerous federal programs (mostly
failed), the housing market remains moribund. Prices continue to fall across most markets in
the United States, albeit at a slower rate than 2008 and in the immediate
aftermath of the financial crisis. New housing starts are bumping along at
record lows and are contributing little to job growth.
- The Federal Reserve continues to be behind the
curve. In 2008, the
subprime loan problem was “contained”. In 2011, Bernanke can’t seem to see
any signs of inflation despite rapidly rising energy and food prices (they
are not “core” components of the Index Blind Ben places his faith in,
after all) or all through the commodity complex.
- In 2008, we were fighting military actions in
two Middle Eastern countries; Iraq and Afghanistan. In 2011, we are still
fighting in Iraq and Afghanistan and have added ½ a war in Libya, which we
have outsourced to NATO.
Given the quickening pace of unrest in that volatile area of the world and
our incoherent policy so far in dealing with it, hopefully U.S.
obligations there do not increase by the end of 2011. However, given the
worsening events in the region, a higher floor for oil prices has been
established in the short and medium term.
- World food prices increased dramatically in the
1st and 2nd quarter of 2008 creating a global crisis
and causing political and economical instability and social unrest in both
poor and developed nations. The price of wheat has gone up 75% in
the last year and many foodstuffs have more than doubled in price over the
last twelve months. In 2008, this produced food riots in many developing
countries. In 2011, we have uprisings throughout the Middle East (not
suggesting this is the primary cause, but a contributor).
- In May 2008, the market was worried about which
was the next financial institution to fall after the Bear Stearns debacle. In May 2011, the market is waiting to see what
European sovereign state will be the next to need a bailout after Greece,
Ireland and Portugal and what the ramifications will be for the credit
markets.
- In 2008, gold hit $900 an ounce in January of
that year and $1000 an ounce for the first time in March 2008. In 2011, gold and silver just hit all time
highs last week with gold hitting $1535 an ounce and silver in a distinct
bubble at $50 an ounce.
- As in 2008, U.S. GDP growth was anemic in the
first quarter. In 2008,
economic growth clocked in at .6% in Q1. In 2011, GDP growth was better at
1.8% but show a significant slowdown from the previous quarter.
- As in 2008, the fiscal and monetary policies of
the United States have led to a decline in the value of its currency. Despite significant problems in Europe and
Japan, the dollar index just hit its lowest point since July 2008. This is
a major contributor to the increasing inflation that is appearing in
various points in the pipeline, especially food and energy.
- In 2008, China, the world’s third largest
economy, instituted a series of measures to curb growth in order to
address increasing inflation and the beginnings of a property bubble. The Shanghai Index fell over 10% in the first
half of 2008. In 2011, China now the world’s second largest economy, is
again instituting a series of measures to curb inflation, including
several interest rate hikes. Over the last seven months, the Shanghai
Index has been flat despite the S&P being up approximately 15% over
the same time period
History does not always repeat itself, but it does
rhyme, as the saying goes. For the reasons listed above, I am very cautious
here. I believe we are due we are in for a significant correction over the
summer of 15%-25%. I am keeping a good portion of my portfolio in cash,
awaiting the pullback that I feel is close. I hope to use these funds to pick
up good companies with solid growth prospects - like Apple (AAPL) and
Google (GOOG)
- at some point over the summer at lower prices. The funds I do have in the
market are concentrated in large cap blue chip stocks with reasonable valuations,
growing revenues and solid dividend yields. Companies like Microsoft (MSFT),
Intel (INTC),
Novartis (NVS),
Abbott Labs (ABT), and Telefonica (TEF) are
some of these types of stocks that I think fit the bill. Be careful out there.’
U.S.
Treasury: China Has Decreased Its Holdings of U.S. Debt CNSNews.com | Mainland China has decreased its holdings of U.S.
Treasury securities since last October.
China
to dump two-thirds of U.S. debt reserves? Amid near-daily reports that the
U.S. dollar continues to slide in value comes a report that China, the largest
holder of U.S. debt, is considering dumping two-thirds of its dollar reserves,
which currently stand at about $3.04 trillion.
Bursting
Bubbles. Waning Currency Systems and Insolvent Financial Institutions We
keep searching Congress for leadership and all we see and hear is compromises
and moneyed footsteps leading back to their controllers on Wall Street and in
banking. We find few willing to stand up to the military industrial complex or
the moneyed powers that control our country. Spending restraint is very
difficult to find.
Excessive
Leverage Helped Cause the Great Depression and the Current Crisis … And
Government Responds by Encouraging MORE Leverage It is well known that
excessive leverage was one of the primary causes of the Great Depression.
Specifically, many people bought stocks on margin, and when stock prices
dropped, they were wiped out and their lenders got hit hard.
36
Statistics Which Prove That The American Dream Is Turning Into An Absolute
Nightmare For The Middle Class The U.S. middle class is being shredded,
ripped apart and systematically wiped out. If you doubt this, just check out
the statistics below.
The
American Dream
May 2, 2011
The U.S. middle
class is being shredded, ripped apart and systematically wiped out. If
you doubt this, just check out the statistics below. The American Dream
is being transformed into an absolute nightmare. Once upon a time, the
rest of the world knew that most Americans were able to live a middle class
lifestyle. Most American families had nice homes, most American families
had a car or two, most American families had nice clothes, most American
families had an overabundance of food and most American families could even
look forward to sending their children to college if that is what the kids
wanted to do. There was an implicit promise that this was the way that it
was always going to be. Most of us grew up believing that if we worked
really hard in school and that if we stayed out of trouble and that if we did
everything that “the system” told us to do that there would be a place for us
in the middle class too. Well, it turns out that “the system” is breaking
down. There aren’t enough good jobs for all of us anymore. In fact,
there aren’t very many crappy jobs either. Millions are out of work,
millions have lost their homes and nearly all of the long-term economic trends
just keep getting worse and worse. So is there any hope for the U.S.
middle class?
No, there is not.
Unless
fundamental changes are made economically, financially and politically, the
long-term trends that are destroying the U.S. middle class will continue to do
so.
The number of
good jobs has been declining for a long time. The good jobs that have
been lost are being replaced by a smaller number of low paying “service jobs”.
Meanwhile, the
cost of everything is going up. It is getting really hard for American
families to be able to afford to put food on the table and to put gas in the
tank. Health care costs are absolutely outrageous and college tuition is
now out of reach for millions of American families.
Every single
month more American families fall out of the middle class. Today there
are 18 million more Americans on food stamps than there were just four years
ago. More than one out of every five U.S. children is living in
poverty. Things are getting really, really bad out there.
The following are
36 statistics which prove that the American Dream is turning into an absolute
nightmare for the middle class….
#1 The competition for decent jobs in America has
gotten absolutely insane. There have been reports of people actually
getting down on their knees and begging for jobs. Many Americans are
starting to wonder if they will ever get a decent job again. According to
the U.S. Bureau of Labor Statistics, the average duration of unemployment in
the United States is now an all-time record 39
weeks…
#2 According to the Wall Street Journal, there
are 5.5
million Americans that are unemployed and yet are not
receiving unemployment benefits.
#3 The number of “low income jobs” in the U.S. has
risen steadily over the past 30 years and they now account for 41 percent of all jobs in the United
States.
#4 Only 66.8% of American men had a job last
year. That was the lowest level that has ever been recorded in all of
U.S. history.
#5 Once upon a time, anyone could get hired at
McDonald’s. But today McDonald’s turns away a higher percentage of
applicants than Harvard does. Approximately 7 percent of all those that apply to get
into Harvard are accepted. At a recent “National Hiring Day” held by
McDonald’s only about 6.2 percent of the one
million Americans that applied for a job were hired.
#6 There are now about 7.25 million fewer jobs in
America than when the recession began back in 2007.
#7 The United States has lost an average of about
50,000 manufacturing jobsper month since China joined the World Trade Organization in
2001.
#8 A New York post analysis has found that the rate of
inflation in New York City has been about 14 percent over the past
year.
#9 The average price of a gallon of gasoline in the
United States is now up to$3.91 a gallon.
#10 Over the past 12 months the average price of
gasoline in the United States has gone up by about 30%.
#11 Spending on energy now accounts for more than 6
percent of all consumer spending. Every time this has happened since
1970 we have also had a recession
that followed.
#12 The average American driver will spend somewhere
around $750 more for gasoline in 2011. Unfortunately, it
seems likely that the price of oil is going to go up even higher. Already
the price of oil is closing in on the all-time record….
#13 In the United States, over 20 percent of all children are
living in poverty. In the UK and in France that figure is well under 10
percent.
#14 According to the U.S. Census, the number of children
living in poverty has gone up by about 2 million in just the
past 2 years.
#15 The wealthiest 1% of all Americans now own more than a third of all the
wealth in the United States.
#16 The poorest 50% collectively own just 2.5% of all the wealth in the United
States.
#17 The wealthiest 1% of all Americans own over 50% of all the stocks and bonds.
#18 According to a new report from the AFL-CIO, the
average CEO made 343 times more money than the
average American did last year.
#19 In 1980, government transfer payments accounted for
just 11.7% of all income. Today, government
transfer payments account for 18.4% of all income.
#20 U.S. households are now receiving more income from
the U.S. governmentthan
they are paying to the government in taxes.
#21 59 percent of all Americans now receive
money from the federal government in one form or another.
#22 The average cost of tuition, room and board at
America’s public universities is now $16,000 a year. For America’s
private universities, that figure is $37,000 a year.
#23 The cost of college tuition in the United States has
gone up by over 900 percent since 1978.
#24 Approximately two-thirds of all college students
graduate with student loan debt.
#25 17 million college
graduates are doing jobs that do not even require a college degree.
#26 According to the Bureau of Economic Analysis, health
care costs accounted for just 9.5% of all personal consumption back in
1980. Today they account for approximately 16.3%.
#27 One study found that approximately 41 percent of working age
Americans either have medical bill problems or are currently paying off medical
debt.
#28 Back in 1965, only one out of every 50 Americans was
on Medicaid. Today,one out of every 6 Americans is
on Medicaid.
#29 Total credit card debt in the United States is
now more than 8 times larger
than it was just 30 years ago.
#30 During the first three months of this year, less new
homes were sold in the U.S. than in any three month period ever recorded.
#31 Now home sales in the United States are now down 80% from the peak in July 2005.
#32 U.S. home prices have now declined 32% from
the peak of the housing bubble.
#33 For most middle class families, the family home is
the number one financial asset. Unfortunately, U.S. home values have
declined an astounding 6.3
trillion dollars since the housing crisis first began.
#34 According to a recent census report, 13% of all
homes in the United Statesare currently sitting empty.
#35 The housing crisis just seems to keep on getting
worse. 31 percent of the homeowners that
responded to a recent Rasmussen Reports survey indicated that they are
“underwater” on their mortgages.
#36 Unfortunately, it looks like millions more middle
class Americans could soon be in danger of losing their homes. According
to the Mortgage Bankers Association, at least 8 million
Americans are at least one month behind on their mortgage payments at this
point
National
/ World
Intel Chief: They Killed “Make Believe Obama” Kurt Nimmo | Hamid Gul says event was a “make believe drama”
designed to be used for Obama’s upcoming re-election campaign.
Police State Kicks Into Overdrive On Dubious News of
Osama Takedown Kurt Nimmo |
Increased police presence in New York, Washington, Los Angeles, Seattle, and
elsewhere around the country.
Red Alert: Government Had Osama bin Laden Frozen for Years
Kurt Nimmo and Alex Jones | Obama makes a suspiciously timed speech, claims
Osama killed in Pakistan. Videos [ As set for the infra, I personally believe
Osama’s been dead for quite some time. Indeed, for one on dialysis, he
otherwise would have been nothing less than a modern day miracle in terms of
longevity / mortality rates for those so afflicted, particularly under the
‘stressful’ circumstances involving evading capture, betrayal for money, etc..
His ‘surfacing’ for a ‘talk’ wouldn’t even pass muster in the most rudimentary
requirements for ‘proof of life’. The release at this time of the
‘announcement’ is, rather than a victory lap so to speak, but rather a sign of
weakness and desperation on the part of america whose global and domestic
economic, financial, and geopolitical position is substantially diminished and
declining rapidly and whose military industrial complex welfare plan along with
the Orwellian diversion of the masses could at most yield a pyrrhic victory
which also would require for consummation a wrap-up of this nation-bankrupting
contrived war scenario, which is not likely. Moreover, the same comes at a time of systemic failure for pervasively
corrupt, defacto bankrupt america While the ‘announcement’ plays well for the
nonce, to the dumb, uninformed back home, the same will galvanize resistance in the name of their
now martyr, Osama Bin Laden. In sum, other than somewhat questionable
propaganda value, the announcement will have no measurable effect on america’s
continuing mideast / global debacle. In other words, defacto bankrupt america
has used up a ‘bullet’, albeit a blank at that! ]
In February,
2004, Iranian state radio claimed Osama bin Laden had been
captured in Pakistan’s border region with Afghanistan “a long time ago.”
Pentagon and Pakistani officials denied the report. “Osama bin Laden has been
arrested a long time ago, but Bush is intending to use it for propaganda
maneuvering in the presidential election,” the radio report said.
Osama bin
Laden died of kidney failure soon after the September 11, 2001, attacks. In
2002, Pakistani President Pervez Musharraf said bin Laden had kidney disease,
and that he had required a
dialysis machine when he lived in Afghanistan. That same year, the FBI’s
top counterterrorism official, Dale Watson, said, “I personally think he is
probably not with us anymore.”
A Taliban
leader told the Pakistan Observer on December 21, 2002, that Bin Laden was
suffering from a serious lung complication and died in mid-December, in the
vicinity of the Tora Bora mountains. The source claimed that bin Laden was laid
to rest honorably in his last abode and his grave was made as per his Wahabi
belief, according to Fox News.
Alex Jones was
told live on the radio in 2002 by high-level Council on Foreign Relations
members that Osama Bin Laden had died of kidney failure in early 2002.
“I have it
from high level [sources] from inside the Bush administration…that bin Laden
died of natural causes and that his family has given the body to the CIA, that
they’re gonna roll him out right before the election, that he’s on ice right
now. They will claim they killed him right before the election,” Alex
said at the time.
“Jones gave a
caution that the intelligence could be disinformation but claimed that his base
in Austin was extremely close to the Bush administration and similar
information received in the past had been credible,” Paul
Joseph Watson wrote in August of 2002.
During the
2004 election, CNN reported that Democratic insiders had been told that George
W. Bush was going to use the Bin Laden body as an ace-in-the-hole if he thought
he was in danger of losing the 2004 election. This confirmed the evidence that
Jones had been given by the CFR and others.
In 2003,
former Secretary of State Madeleine Albright told Fox News Channel analyst Morton
Kondracke she suspected Bush knew the whereabouts of Osama bin Laden and was
waiting for the most politically expedient moment to announce his capture.
Benazir Bhutto, who was killed in a suicide attack at the
end of 2007, stated that Osama bin Laden had been killed by Ahmed Omar Saeed
Sheikh, a man convicted of kidnapping and killing journalist Daniel Pearl.
Obama’s
announcement follows the release of a highly suspicious birth certificate last week. Both events
represent psychological operations that possibly portend more significant
events in the days ahead as the U.S. dollar continues to lose its reserve status,
the economy fails to recover as promised, and wars expand in Libya, Pakistan,
and Afghanistan.
Obama’s
propaganda stunt arrives as the Democrats kick off their leader’s presidential
reelection bid against a number of Republicans contenders who have been highly
critical of not only his perceived handling of the economy, but also his
management of the manufactured war on terror.’
Live 7 P.M. CST: Alex Jones Special on Bin Laden Hoax Infowars | Alex Jones to give special statement discussing
the psy-op and hoax surrounding the reported death of Osama bin Laden.
Osama
Bin Laden is Dead Matt Ryan | President Barack
Obama is set to address the nation shortly regarding reports that Osama Bin
Laden is dead.
Mainstream Media Blames Fake OBL Photo Used By Mainstream
Media On “Conspiracy Theorists” Steve Watson |
Government says it has real images and video, still deciding whether to release
them.
Inside Sources: Bin Laden’s Corpse Has Been On Ice For
Nearly a Decade Paul Joseph Watson | Multitude of
respected intelligence officials and heads of state have publicly and privately
asserted Osama has been dead for years.
Staged Osama Assassination: Get Ready for More War Kurt
Nimmo | Cheering crowds voice approval of contrived war on terror.
Government Says Osama Buried at Sea Infowars.com
| Anonymous government source says Osama burial followed Islamic practice and
tradition.
Media Runs Fake Photo To Illustrate Bin Laden Death
Propaganda Paul Joseph Watson | Everything about
the Bin Laden myth is fake, so why worry about illustrating his “death” with
another contrived hoax?
Final
Fake Bin Laden Tape “In The Pipeline” The Obama administration may have announced
the demise of Osama Bin Laden last night, years after every other intelligence
analyst worth their salt voiced the open secret that Osama has been dead for
the best part of a decade, but there’s still time for one more hoaky terror
tape that will allow the boogeyman to frighten Americans into giving up more of
their rights one last time.
Intel
Chief: They Killed “Make Believe Obama” Former Pakistani intelligence chief
Hamid Gul went on the Alex Jones Show today and characterized the unverified
assassination of Osama bin Laden as symbolic theater.
Chinese
Media Reports Pakistani Forces Killed Bin Laden, Then Retracts Pakistani
Urdu TV channel Geo News quoted Pakistani intelligence officials as saying that
the world’s most wanted terrorist Osama Bin Laden was killed in a search
operation launched by the Pakistani forces.
Musharraf:
Bin Laden mission violated Pakistan Former Pakistani President Pervez
Musharraf on Monday accused the U.S. of violating his country’s sovereignty by
sending in special forces to kill Osama bin Laden.
Osama
Bin Laden Pronounced Dead… For the Ninth Time When Obama pronounced Osama
Bin Laden dead in a televised announcement heard round the world last night, he
was at least the ninth major head of state or high-ranking government official
to have done so.
Huffington
Post Bans Commenters For Questioning Official Story of Bin Laden Death After
comment-threading at Huffpost this afternoon about the range of inconsistencies
between the White House account of the anti-Bin Laden operation and what appear
to be the facts, this little message greeted me when I went to leave a link to
tonight’s piece there an hour ago: Sorry, but you have been banned from
commenting.
Mainstream
Media Blames Fake OBL Photo Used By Mainstream Media On “Conspiracy Theorists” The
London Guardian has suggested that the fake image used by several British
mainstream media websites this morning on their front pages was the work of
“conspiracy theorists” who claimed it was genuine.
Inside
Sources: Bin Laden’s Corpse Has Been On Ice For Nearly a Decade A multitude
of different inside sources both publicly and privately, including one
individual who personally worked with Bin Laden at one time, told us directly
that Osama’s dead corpse has been on ice for nearly a decade and that his
“death” would only be announced at the most politically expedient time.
Staged
Osama Assassination: Get Ready for More War If the cheering crowd at midnight
outside the White House is any indication, the American people are ready to
support more mass murder in the Middle East.
Osama
Bin Laden Pronounced Dead… For the Ninth Time When Obama pronounced Osama
Bin Laden dead in a televised announcement heard round the world last night, he
was at least the ninth major head of state or high-ranking government official
to have done so.
Media
Runs Fake Photo To Illustrate Bin Laden Death Propaganda Killing Osama bin
Laden is a pretty big deal. You’d think that it would be in the interests of US
forces to take a snapshot of the elusive terror leader to milk the propaganda
value of such a momentous turn of events, and yet the corporate media has given
us nothing but a years old fake picture. This makes little sense, unless of
course, somebody is trying to hide something, namely the fact that Osama’s dead
corpse has been on ice for the best part of a decade.
Osama bin
Laden Has Been Dead For Years CNN and the corporate media report this evening
that purported CIA asset Osama bin Laden has been killed by the U.S. military
in a mansion outside the Pakistani capital of Islamabad along with other family
members.
Osama Raid
Plan Was Cancelled Last Month Sources tell ABC News that in March President
Obama authorized the development of a plan for the U.S. to bomb Osama bin
Laden’s Abbottabad compound with two B2 stealth bombers dropping a few dozen
2,000-pound JDAMs (Joint Direct Attack Munitions) on the compound.
Stock
market on a roll despite slowing economic growth, lingering
unemployment[Also known as reality! Roll … yes, indeed … everyone’s to get
rolled! ] (Washington Post) Dow is up
more than 10 percent for 2011, to its highest point in nearly three years.
[ Same bubble scenario preceeding last crash (including currency manipulation);
yet, far worse this time owing to insurmountable debt and defacto bankruptcy of
the nation.
Fed
Chairman Bernanke does reality TV
(WP) [ Except the ‘NO-RECESSION HELICOPTER BEN B.S. BERNANKE’ show is
scripted unreality … even with his reduction in estimate for ‘economic growth’,
the frauds on wall street still rallied.
Bernanke
prepares to make history
(Washington Post) [ He already
has! $6 gas acomin’, $1,508+ gold, $46+ silver, other commodities at record
levels, hyperinflation as predicted well on the way from over-printing of fiat
paper currency by fed as predicted, etc., Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic
performance of the past ten years, equity valuations are the 2nd largest bubble
in U.S. history... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been artificially manufactured...
·
The change in
accounting rules for the financial sector by FASB has generated massive “false”
account profits beginning in 2009.
·
The extended (and
then further extended) unemployment benefits have kept an artificially higher
demand for consumer consumption. As a result, the US government has
artificially subsidized corporate profits.
·
The billions saved
through “free loading” by homeowners who have defaulted on their mortgages yet
maintained their residence, thus living without a mortgage payment.
·
The artificially
suppressed interest rates...
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come!
ATTENTION: REPORTERS –
HIP BOOTS MANDATORY, WADERS RECOMMENDED SINCE YOU’LL BE AT LEAST KNEE-DEEP IN
‘NO-RECESSION HELICOPTER BEN B.S. BERNAKE’ B*** S***! ] On Wednesday, he will be the first Fed
chairman to take on-the-record questioning from the media.
24 Signs Of
Economic Decline In America ‘The United States is in the middle of a
devastating long-term economic decline’ ]
States
face shortfall for retirees]
Why
do Americans still dislike atheists? (Washington Post) [ And
not just americans … Why? First and foremost because there is a God. Second, it
is intellectually dishonest to be an atheist. Specifically, there is absolutely
no evidence to dispute the existence of God. While one might similarly argue
that there is no evidence to suggest there is a God (which I would dispute),
which for most is a fair statement, the same would yield at best, if
intellectually honest, the position of ‘agnostic’. I can totally understand and
even empathize with the view of the agnostic. After all, at this point, there
seems to be ‘no rhyme nor reason’ at all. But, think binary, positives /
negatives. Just too many negatives. Think ‘capital punishment’. No, the world’s
not going to end in 2012 as some fear. Rather, think slow burn; decades at
best; then ‘poof’. In the scheme of things, this world’s just not that
important (apes,
notochordates, and initially single celled organisms). Kind of
akin to what I previously wrote: (God doesn’t care that you wrestle a girl who wants to
wrestle!) Boy
wrestler forfeits match to female opponent... [ What a homo! Wow! I
feel sorry for those guys she actually beat (20 of them – her record was 20 and
13) … they’ll probably never get over it … nor should they … I have to rethink
my regard for Iowa, Iowa state wrestling now presuming such stalwart
championship teams to be the products of out-of-state imports … as for the guy
who forfeited, he could have easily and gently taken her down (you can easily
do that with a lesser opponent), got her in a double grapevine and grind her in
a certain way into the mat, and when she was in the throws of convulsive
orgasm, she’d unwittingly arch her back, thereby pressing her own shoulder
blades to the mat, thereby pinning herself, thus enabling the homo to say in a
manner of speaking that he was making heterosexual love not war with her ………
how pathetic and preposterous this was … and, let me remind the homo that God
doesn’t care that you wrestle a girl who wants to wrestle! ]]
Reporters
on parade (Washington Post) The White House Correspondents’ Dinner is a
display of excess. [ Ah! Another rare instance of my agreement with Mr.
Milbank; except, I would have emphasized the excess of everything but future
impacting news, out in plain view for everyone to see, yet never quite making
the headlines such potentially future altering news deserved. Indeed, who likes
to hear such dire, dreary, depressing news when ‘uplifting’, mind-numbing powder puffs can fill the pages…and did … to
everyone’s detriment. Attorney
General Holder defends his tenure
(Washington Post) [ Defending
the indefensible! Yes … there is no defending this ag … He should step down,
forced to resign … Obama
faces fundraising test in California
(Washington Post) [ Test? You mean intelligence test for those
Californians? A cliché, aphorism is apposite: ‘Fool me once, shame on you. Fool
me twice, shame on me’. Now frauds on wall street got value for their bribes;
viz., no prosecution of their continuing nation-destroying frauds, yet cleaning
up the frauds with prosecutions was the presumption upon which their support was predicated , at least in part.
Certainly Hollywood spoke with their academy award for ‘Inside Job’ . Roche 'The
worst part of it ...Obama, who vowed
change, has done almost nothing to fix any of it and in fact continues most of
the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for
Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by
the frauds on wall street ( and declares with oscar in hand that not one high
level wall street exec has been prosecuted … despite ‘earning’ billiions from
the fraud ), the commentator / experts recommend getting rid of the corrupt
eric holder ( what do holder and wobama have in common … wall street money? … a proclivity for
jive-talking / b*** s*** ?...all/some of the above … or is it something else
... . UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. ]
]
U.S.
troops’ deadliest month in Iraq (Washington Post) With 11 deaths, April was the worst for U.S. forces since combat
missions officially ended last year, according to military and independent
record keepers. [Riiiiight! … That ‘progress thing’ they keep reminding us of …
which of course is progress in progressive increasing pervasively corrupt,
defacto bankrupt america’s insurmountable debt. Key
Afghan aid programs delayed
(Washington Post) [ Strategy? Critical time? Seems we’ve heard that song
before. And, yet another nation and innocent lives destroyed for no good reason
… and, pervasively corrupt and defacto bankrupt america … winning hearts and
minds …NOT! … Petraeus
to helm more-militarized CIA
(Washington Post) [ I personally unequivocally believe there has already
been a defacto coup d’etat in america. Drudgereport: Pentagon
Warns Obama Against Deeper Defense Cuts ... (And where is it going to come from
... we've already had in pervasively corrupt, defacto bankrupt, war crimes
nation america a defacto coup d'etat) ... 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… http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Top
Mexican Drug Lord: I Trafficked Cocaine For The U.S. Government .. CIA
torture jet that crashed with four tons on cocaine on board back in 2007 has
told the U.S. District Court for the Northern District of Illinois in Chicago
that he has been working as a U.S. government asset for years. . Rendition:
Where the War on Terror Meets the War on Drugs Henningsen | ... 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
]
The
outdated ‘Trump Rule’ (Washington
Post) COLUMN | The would-be GOP
presidential contender has long shown a penchant for sexism. Trump
calls leaders ‘stupid’ at Vegas casino [ Again, the pot calls the kettle black … if it was only just
sexism that defined deeply flawed, mental case, mobster / fraudster trump, … yet there’s just enough truth and an open
bar to keep their attention … Memo to Donald Trump: You're fired Los Angeles Times - What The Donald 'accomplished' is to make a fool of
himself and diminish President Obama's dignity. It's time for the loud-mouthed
man with the big bankroll and bad haircut to take his sideshow to the trash
heap.’… What Mr. Banks fails to realize is that wobama has no dignity and
appropriate criticism, as I’ve said before, is to him like ‘water off a duck’s
back’ and you can not shame the stereotypical wobama. TRUMP
TO GIBBS: YOU'RE 'A LOSER' [‘Another trumped-up case of the pot calling the
kettle black’]... TRUMP: Obama
Not Worthy of Ivy Leagues... [ Talk about the pot calling the kettle
black … trump’s b.s., low grade (penn) ivy league (courtesy of papa mobster
trump who ‘twisted his arm to go’ so people would take him ‘seriously’ – papa
mobster trump would pound the undistinguished academically / athletically,
Donald with the mantra, ‘you’re a killer, you’re a king’ in film noir
melodramatic fashion which proved too much for the more balanced and ‘chosen /
favored’ elder brother trump who committed suicide. The old man also required
trump to go to prep / military / boarding school where according to a
classmate, Ted Levine, trump used to wet / pee in his bed. ) vegetable garden in the same manner as
dumbya bush … mobster trump and people like trump are part of the problem
(total b*** s***, fraud, etc., as in his home turf, mob-infested sinkholes,
jersey / new york), not the solution. Indeed, trump is an interesting mental
case in that he evolved from narcissist (those inflated grandiose moods coupled
with feelings of inferiority – he loved to obsessively read those hitler
speeches for inspiration and to pump himself up according to Ivana Trump) to
severe case of antisocial personality disorder [ predatory disregard for and
violation of the rights of others – hence, those sophomoric soundbite solutions
to complex problems as, ie., taking oil fields(Libya), 25% tariff on Chinese
(american goods made in China), drug money laundering in his casinos, bribery,
etc. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
In
a rational nation that wasn’t in decline as pervasively corrupt, defacto
bankrupt america, trump and sister Maryanne would both be in prison.
The
president, lost in thought
(WP) [ How ‘bout just lost!
Wobama … a common liar. Drudgereport: TELEPROMPTER
INVENTOR DIES... (Wobama ‘mourns … day of silence declared’)
U.S. Murders Children in Bid to Assassinate Qaddafi Tony
Cartalucci | Ghoulish hunt for Qaddafi defines NATO.
Nuclear Adviser to Japanese President Resigns Over
Radiation Levels Infowars.com | Toshiso Kosako says
government set inappropriate radiation limits for elementary schools near
plant.
Osama bin
Laden Has Been Dead For Years CNN and the corporate media report this
evening that purported CIA asset Osama bin Laden has been killed by the U.S.
military in a mansion outside the Pakistani capital of Islamabad along with
other family members.
Fed
Sting Against Amish Raw Milk Producer Results in Federal Case A year long
sting operation against an Amish “contraband” raw milk producer in Pennsylvania
has resulted in a court case against Rainbow Acres Farms. The government filed
a ten page complaint against the Amish business in federal court last week.
Romney:
Blame Obama for Record Gas Prices Sick and tired of high gas prices? It’s
all Obama’s fault, according to Mitt Romney, who pumped his own gas on Friday
as the cameras rolled.
Gaddafi’s
youngest son killed in NATO airstrike Sayf al-Arab Gaddafi, embattled
Libyan leader Muammar Gaddafi’s youngest son, has been killed in an airstrike
on Saturday, a government spokesman says.
US
Murders Children in Bid to Assassinate Qaddafi (Again) The very policy of
targeted assassinations sidesteps any semblance of law, national or
international.
Libya
disabled children school hit in NATO strike Shattered glass litters the
carpet at the Libyan Down’s Syndrome Society, and dust covers pictures of
grinning children that adorn the hallway, thrown into darkness by a NATO strike
early on Saturday.
“We
don’t have time for this silliness”: White House correspondents’ dinner sees a
less-serious Obama Hoping to further quash conspiracy theories, President
Obama announced Saturday night that he would show his official birth video, in
front of an audience of 2,500 journalists, celebrities and hangers-on at the
Washington Hilton.
Syria: Intervention
Inevitable Regime change in Syria was a foregone conclusion as early as
1991. General Wesley Clark in a 2007 speech in California relayed a 1991
conversation between himself and then Under Secretary of Defense Paul Wolfowitz.
Drudgereport: REPORT: Bin Laden already buried at sea... [ As set for the supra, I personally believe Osama’s
been dead for quite some time. Indeed, for one on dialysis, he otherwise would
have been nothing less than a modern day miracle in terms of longevity /
mortality rates for those so afflicted, particularly under the ‘stressful’
circumstances involving evading capture, betrayal for money, etc.. His
‘surfacing’ for a ‘talk’ wouldn’t even pass muster in the most rudimentary
requirements for ‘proof of life’. The release at this time of the
‘announcement’ is, rather than a victory lap so to speak, but rather a sign of
weakness and desperation on the part of america whose global and domestic
economic, financial, and geopolitical position is substantially diminished and
declining rapidly and whose military industrial complex welfare plan along with
the Orwellian diversion of the masses could at most yield a pyrrhic victory
which also would require for consummation a wrap-up of this nation-bankrupting contrived war
scenario, which is not likely. Moreover, the same comes at a time of systemic failure for pervasively
corrupt, defacto bankrupt america While the ‘announcement’ plays well for the
nonce, to the dumb, uninformed back home, the same will galvanize resistance in the name of their
now martyr, Osama Bin Laden. In sum, other than somewhat questionable
propaganda value, the announcement will have no measurable effect on america’s
continuing mideast / global debacle. In other words, defacto bankrupt america
has used up a ‘bullet’, albeit a blank at that! ]
SHOT IN HEAD; BIN LADEN IS DEAD.....
SEALS HELD TWO REHEARSALS; OBAMA WATCHED RAID IN SITUATION ROOM...
Mission was to kill, not capture; no prisoners taken...
OFFICIAL: BIN LADEN GIVEN RELIGIOUS FUNERAL BEFORE SEA BURIAL...
Obama: U.S. Carried Out Operation 'At My Direction'...
Hundreds gather outside Bush's Dallas home...
SIGN: 'Obama Forgot To Say Thank You President Bush!'
Killing brings anger, relief in Arab world...
Pakistanis rally to pay homage to bin Laden...
Musharraf: Mission violated sovereignty...
Hamas condemns killing of 'holy warrior'...
BURIED AT SEA:
WH DEBATES RELEASING PHOTO OF CORPSE
U.S.
issues worldwide travel alert...
Islamists:
Death will not mute Jihad call...
OFFICIAL:
U.S. didn't want to create shrine...
DNA
tests won't be complete for days...
WHITE
HOUSE: BODY HANDLED IN 'ACCORDANCE WITH ISLAMIC PRACTICE'...
WIKILEAKS: Al Qaeda to unleash 'nuclear hellstorm' if Osama
killed...
FEAR:
Security Tightened at NY Airports, Times Square, World Trade Center Site...
Napolitano:
'Heightened state of vigilance'...
U.S.
issues worldwide travel alert...
Chemical
Biological Response Team Recalled from Japan...
Taliban
commander vows to avenge death...
USA
'Faces Broad Terror Threat'...
SHOT IN HEAD; BIN LADEN IS DEAD.....
Killed in mansion close to Pakistani capital...
Crowds gather at White House, Ground Zero to celebrate...
REPORT: DNA testing confirms bin Laden death... [ Come
on! Much like the purported ‘in-house’ DNA test ‘confirming’ the paternity of
‘Prince Harry’ (actually the bastard son of Hewitt), easy enough to buy /
contrive with sworn secrecy / money. ]
WH:
'99.9% sure...
PENTAGON: WIFE IDENTIFIED HIM BY NAME DURING RAID...
Senator
questions sea burial... [ Yeah … pretty quick at that, particularly
for the u.s. government! Riiiiight! ‘Dead men buried at sea quickly tell no
tales!’ Sounds contrived, set to music for propaganda value at u.s. low point.
]
Islamic
scholars condemn...
SKYNEWS:
Can US Offer Final Proof Of Osama's Death?
Will
there be a photo?
Raid
captured on TWITTER...
PHOTOS:
719 newspaper front pages announce death...
GADHAFI
SURVIVES ATTACK THAT KILLS SON...
Disabled
children school hit in NATO strike...
April
deadliest month for US in Iraq since '09...
Obama's
father forced out at Harvard... BOSTON — President Barack Obama’s father was forced
to leave Harvard University before completing his Ph.D. in economics because
the school was concerned about his personal life and finances, according to
newly public immigration records. Harvard had asked the Immigration and Naturalization
Service to delay a request by Barack Hussein Obama Sr. to extend his stay in
the U.S., “until they decided what action they could take in order to get rid
of him,” immigration official M.F. McKeon wrote in a June 1964 memo. Harvard
administrators, the memo stated, “were having difficulty with his financial
arrangements and couldn’t seem to figure out how many wives he had.”…’
Read more: http://www.politico.com/news/stories/0411/53968.html#ixzz1L7vqFAhV
‘Microsoft
confirmed Thursday its Windows cash machine is under threat. So what else is
new? Uncertainty about the PC market's growth prospects, and what that means
for Windows in particular, arguably has been baked into Microsoft's ...’
Microsoft wrestles slack PC sales and wilting stock Reuters [ Microsoft is a dinosaur that should be out of business!
My latest / current but typical problems with Microsoft / windows-based pc’s
(dell) confirms this! ]
Gallup
Poll Shows that More Americans Believe the U.S. is in a Depression than is
Growing … Are They Right? [ Yes! ]Consumer confidence is, well … in
somewhat of a depression.
Investors
Seek Shelter: Dave's Daily ‘Another day and another light volume rally in
stocks. Investors continued to hedge this action by buying precious metals.
Ludicrous statements by government officials regarding inflation and the dollar
are starting to wear thin even among Permabulls. The WSJ headlined this
topic Friday stating government officials are "unfazed
by dollar slide". But, they reached fuzzy conclusions about what to do
about it. As long as the government doesn't seem to care, commodities will
rise, especially precious metals. It's the elephant in the room no one really
wants to confront. One way to end Bucky's slide is to stop printing so much
money. The Bernank hasn't figured this out since his previous academic studies
didn't yield results like we're experiencing now. In the Great Depression, from
which he gained his theories and policies, it was illegal to own gold and
currency trading hardly existed. But the Fed Chairman hasn't figured this out
yet so he continues to keep the presses running at full speed as we saw today
with more POMO
($6.6 billion) actions to lube the Primary Dealers. Earnings continue to
roll-in mostly mixed. The DJIA continues to lead the way as high priced
heavyweights (BA, CAT, CVX and etc) continue to lead the price-weighted index
higher. Losers included Microsoft(MSFT_) and
Research in Motion(RIMM_). The
bottom line is that it's the end of the month and window-dressing remains at
the forefront…’
Why
History Says You Should 'Sell in May'
Sterman ‘The most
active traders, which usually man Wall Street's trading desks, can alter market
sentiment by either their presence or absence. As the weather warms, these
traders take ever longer lunch breaks, which morphs into "Friday-free
weekends," culminating in their absence for decent chunk of the month of
August. When these traders leave their desks, it's a sign for the rest of us to
cool off as well, in case thin trading volume causes one of our holdings to suddenly
spike or plunge. Hence, the old-adage: "Sell in May and then go
away." (Until the fall...)
Is it a wise move? Let's look. Well, we know April surely gives the impressions
of a solid market rally. The S&P 500 (SPY)
rose, 4%, 4% and 10% respectively in each of the past three years and is up
another 2.2% this month. That rally has recently extended into May, as the
S&P 500 has rallied an average of 3% in the past three years. But by the
end of May, the party seems to end.
(Click charts
to expand)
http://static.seekingalpha.com/uploads/2011/4/29/saupload_04_29_11_sterman.png
The market has fallen in six of the past 10 Junes of the past decade, three
times the rate at which the various positive months have risen. Was there a
July bounce-back? Well, the five Julys of the last decade were split, but the
average loss was greater than the average gain.
http://static.seekingalpha.com/uploads/2011/4/29/saupload_04_29_11_sterman2.png
The rest of the summer doesn't hold much promise, either. An analysis by
Standard & Poor's shows that in the past 60 years, the market has fallen by
0.04% on average in August. It's even worse in September, with that figure
dropping to 0.78%. In fact, September is the only month to produce negative
average results through the past 80 years, according to Ibbotson &
Associates. Lastly, here's a sobering stat: according to S&P, since 1950,
the Dow Jones Industrial Average has produced an average gain of 7.4% from
November through April and 0.4% from May through October. (Yet as I noted
above, May has looked a bit stronger during the past three years.)
If you believe in the notion of "sell in May and go away," then there
are certain sectors you should be concerned about that are especially
vulnerable to the summer doldrums. For example, tech stocks tend to lag in
summer months, due to the capital spending cycle. Major orders are placed at
the beginning of the year and then purchasing managers are told to slow it down
as the year progresses, in part because it's hard to round up key materials
during the summer to complete major installations when so many are planning
their summer vacations. By year's end, tech spending rebounds as purchasing
managers tend to spend allocated-but-unused funds, in what's know as a budget
flush.
Natural gas stocks tend to weaken in the summer, unless it is an especially
active season for hurricanes or a large heat wave causes a spike in demand. In
their absence, heavy gas production, coupled with seasonal ebb in demand, has
tended to max-out gas storage facilities. And when that happens, gas prices hit
new lows and producers are forced to curtail production.
Lastly, commodities such as precious and industrial metals tend to slump as
major purchasers compete their full-year purchasing needs in the spring. Indeed,
China is said to be sitting on more-than-ample supplies of copper, silver and
other surging commodities, right at a time when the Chinese government is
trying to cool its economy. A drop in demand would pull the rug out from some
of the highest-flying commodities. Watch the commodity sector, especially as it
is priced to perfection and highly vulnerable to any slowdown in demand…’
S&P's
US Downgrade and the Death of American Exceptionalism Harding ‘america, formerly the world’s
greatest country, whose financial strength and currency were supreme for the
past 100 years, has been put on notice by Standard & Poor’s
that it is … second rate status. It was disconcerting to read the ho-hum reactions of economists to S&P’s shift to a
negative outlook for US sovereign debt. As one who sees darker implications of
a downgrade in Treasuries, it gave me pause to wonder if I am overreacting to
the event. Perhaps they are correct in that it will probably not happen, and
that if it does, it’s no big deal because the dollar is still the world’s
reserve currency. Japan (real fine…disaster) and Great Britain (real
fine…disaster) did it and they are fine. And where else would investors go?
My conclusion is that the other 99 guys are out of step. My fellow analysts are
mired so deep in the trees that they overlook the forest of reasons why we got
into this mess in the first place. The problem with economic analysis and
analysts is that there is a tendency of disassembly. By breaking down the
problem into its parts one can miss how they all connect. Perhaps if they
stepped back and considered where this country is heading they would be less
sanguine.
After all, we are not looking at a single event but a series of political
decisions made over the past 15 years or so that have created today’s budget
crisis. And stepping back even farther, we are experiencing fundamental changes
in American culture. The well-worn cliché of the large ocean tanker taking
miles to change course is an accurate depiction of our situation. There is so
much built-in momentum based on entitlements and defense spending it is
unlikely that a crisis can be avoided.
Our economic and policy experts need to focus on this long-term problem rather
than just its short-term effects. Unless we deal with the fundamental problems,
today’s jury-rigged fixes will not stop our continued downward spiral.
The long-term problem is that American culture has changed and we are losing
what has been known as American “exceptionalism” as described by
de Toqueville in Democracy in America:
Tocqueville tried to understand why America was so
different from Europe in the last throes of aristocracy. America, in contrast
to the aristocratic ethic, was a society where hard work and money-making was
the dominant ethic, where the common man enjoyed a level of dignity which was
unprecedented, where commoners never deferred to elites, and where what he
described as crass individualism and market capitalism had taken root to an
extraordinary degree.
These values, behaviors, and ideas made America great.
But, things have changed. Today it is acceptable to rely on government to solve
our problems instead of taking responsibility for solving them ourselves. We
borrow more, spend more, save less, and rely on government to bail us out in
old age. We want government to “take care of us” when it comes to medical care.
We have become a culture of entitlement. And our rhetoric is more about
victimhood and entitlement than initiative and self-reliance. Unlike our
grandparents, we have no shame from accepting handouts.
We now accept Social Security and Medicare as normal. Many want Obamacare and
are willing to give up some sovereignty and self-reliance to get it. Our
younger generations believe they have a right to higher education and that they
(or their parents) should not have to pay for it. Government always has a
solution for you.
This is a massive cultural shift and it represents a struggle between two
opposing forces: our exceptionalism versus the entitlement culture. Both
operate in our society side-by-side, but the trend clearly favors the culture
of entitlement.
Our exceptionalism has declined inversely to the rise of the welfare state. It
started with the Progressive movement in the early 20th Century and the rise of
a powerful federal government. The greatest change came during the Franklin
Roosevelt years when government was seen to be a solution rather than the
problem that our Founders witnessed. The New Deal changed the social landscape
because its many programs pervaded almost every aspect of society. Many
of these programs survive today.
The significance of the Progressive movement is that the now common belief that
government “works” has become fixed in the popular psyche. That is far from de
Toqueville’s image of self-reliant individualistic Americans. The belief that
we can rely on government to solve problems means that we don’t have to solve
them ourselves. It means subordinating our individualism to the technocrat
class.
What are the consequences of this cultural shift? Higher taxes and a less
dynamic economy. Ultimately it means the disintegration of our economy. Let me
explain why.
We are becoming “European” in the sense that most of our fellow Americans
accept the idea that the welfare state has primacy over the individual in
pursuing social goals. As a result we are becoming less dynamic as a society.
We are becoming more complacent, culturally acceding to the mediocrity of
security at the expense of personal freedom. It means that taxpayers are
willing to accept higher taxes to pay for the Nanny State.
The question is: which taxpayers?
It is an axiom of politics that the recipient class will vote to preserve their
benefits. If they become the majority you will never get rid of their benefits.
The recipient class is already in the majority. The 77 million long-lived Baby
Boomers will be the dominant economic force for the next 40 years. And they
vote.
[chart]
Boomers will retire and apply for their Social Security and Medicare benefits.
That is, they will cease being producers and become recipients. They will draw
on those benefits for many, many years. It’s pretty obvious they won’t pay for
it.
It doesn’t take a statistician to see that our declining birthrate means there
will be fewer producers to support a growing class of recipient. The Social Security
Administration estimates that by 2035 only 2.1 workers will support one
recipient (down from about 5.1 workers in 1960 to about 3.0 today). Therein
lies the problem: our system of benefits is unworkable. When the working
taxpayers realize how much they must pay in taxes to support an unworkable
system, change will come, just not soon enough to satisfy S&P.
Add to that the following statistic:
A record 18.3% of the nation’s total personal income
was a payment from the government for Social Security, Medicare, food stamps,
unemployment benefits, and other programs in 2010. Wages accounted for the
lowest share of income -- 51.0% -- since the government began keeping
track in 1929.
You may believe that the cultural values de Tocqueville identified haven’t
diminished in the US, but they have. Almost every index measuring startups and
job creation has declined. Here is some longitudinal data from the Census Department showing this
trend:
[chart]
It would be foolish of me to ignore the unparalleled entrepreneurial
infrastructure we Americans have. It is still strong and serves us well. This infrastructure
includes a vast economic system that provides capital and support for
entrepreneurs and rewards success well. It is a strong social force that is the
exact opposite of the cultural attitudes toward entitlement that I discussed
above. We still believe in the ability to make it big.
But that is changing. The decline in new business formation is still a telling
statistic. Since most (55%) new business formations have 1 to 4 employees
(if 1 to 10, then 76% in 2009), it demonstrates a shift in popular attitudes
about starting your own business.
Good things don’t last forever when their cultural and moral foundations are
being destroyed.
I don’t believe we will have budget reform that will be sufficient to turn
supertanker America around. We will have budget reform but it won’t put a
significant dent in our social welfare programs, at least in time to avoid
S&P’s threatened downgrade of US Treasuries. I would hope that Republicans
and Democrats can come together to deal with the
underlying substantive issues.
Maybe the Republicans will be able to force through some major changes in
Social Security, Medicare, and (eliminate) Obamacare. If they win the
Presidency in 2012 and are able to take Congress as well, it could be a
political sea change.
Don’t misunderstand what I am saying: I strongly support any attempts at
reform, but I don’t believe in political miracles. When polls of Tea Partiers
show they don’t want their retirement benefits touched, their new brand of
conservatism illustrates the breadth of our cultural change and the new
political reality.
Ask yourself this question: if the welfare system is not quickly reformed, what
solutions will our politicians turn to?
The answer is symbolic of the two clashing societal forces in America: the
producers versus the recipients. We know that the recipients have more votes.
I believe increased taxes are inevitable and, with Republicans’ opposition to
increased income taxes, raising them is questionable. That leaves politicians
with a very European solution: a national sales tax. With exemptions for
politically favored classes (“poor” people, however defined) it will be hailed
as a fair tax that will fall primarily on the “rich.”
“Everybody who understands our long-term budget problems understands
we’re going to need a new source of revenue, and a VAT [value-added tax]
is an obvious candidate,” said Leonard Burman, co-director of the Tax Policy
Center, a joint project of the Urban Institute and the Brookings Institution,
who testified on Capitol Hill [May, 2009] about his own VAT plan. “It’s common
to the rest of the world, and we don’t have it.”
And my point is that Americans will accept high taxes to get their benefits and
that makes us similar to Europeans who are used to them:
[chart]
If we cannot achieve fundamental reform of our welfare system, then high taxes
will become a fixture of our society and that has negative economic
consequences.
There is an economic concept known as the Rahn Curve, devised by Professor
Richard Rahn, now a Senior Fellow at the Cato Institute. It states that as
government spending exceeds a certain percentage of GDP, the economy will
decline as a result. That number is subject to fierce debate among economists,
but it ranges from 15% to 25% of GDP.
[chart]
There are sound reasons for this idea, mainly that since government produces
nothing, the more it spends the less the private economy has to invest and
spend. This means less productivity. European countries are saddled with low
productivity, high taxes, and permanently high unemployment. Further, they are
facing the same demographic issues that we find in the US: a graying (and
declining) population. Their welfare systems are in trouble now, and as
Margaret Thatcher famously warned about socialism, they are finding that
eventually you really do run out of other people’s money.
What does this mean for America and S&P? It means we are likely to
experience a downgrade in our sovereign debt at some point in the future. Don’t
ask me to predict when this will happen. There are too many “what ifs.” A
downgrade means that there will be less money available to the government for
its programs. It means that debt service costs will rise. It means the Treasury
will find it more difficult to place US debt. It means that many holder of our
debt will try to unload their positions (it won’t be easy for them). It means
the Fed will likely acquire more Treasurys, effectively monetizing the debt and
this monetary inflation will lead to price inflation. It means that the dollar
will decline further. It means there will be pressure on the government to
raise taxes further. It also means that inflation will be employed as an
additional tool of fiscal policy as rising prices (actually devalued dollars)
will allow the government to repay debt with cheaper dollars.
It will also mean that we will be closer to the European ideal and farther away
from american exceptionalism. The very long-term consequences of this cannot be
known, but it won’t be good for america…’
(Washington Post) Public workers’ retirement funds had a gap of $1.26 trillion at
the end of fiscal 2009, a report says.
Study:
Affordable rentals scarce
(Washington Post) Share of
renters who spend more than half their income on housing is at its highest
level in half a century.
Poll:
For Obama, low marks on Afghan war (Washington Post) More Americans disapprove of President
Obama’s management of the war in Afghanistan than support it, according to a
new Washington Post-ABC News poll, a finding that reflects the public’s broader
concern over the course of the nearly decade-old conflict.
Fuel
prices cut into Obama popularity
(Washington Post) As gas prices
bite into household incomes, Obama’s support takes a hit, according to new
poll. The high fuel price dynamic is
the slow / now faster motion, long predicted hyperinflationary consequence of
failed fed, administration, congressional economic / financial / fiscal policy
that essentially has been interposed for the (short-term particularly) benefit
of the frauds on wall street (The frauds on
wall street et als should be criminally prosecuted, jailed, fined, and
disgorgement imposed), and have used the mideast turmoil to obfuscate their
failure… an especially great opportunity to sell
/ take profits while you still can since there's much worse to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only
time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Return of Inflation: 5 Worrying Signs From Friday's NY Times
Gerson:
How serious are we about the deficit? (Washington Post) [ Not too! I mean come on! Davis ‘… This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ … Suckers’
rally to keep suckers suckered: Philadelphia
Fed Depresses Economists Durden ‘On Thursday April 21,
2011, 1:32 pm EDT And here comes the first indicator that Q2 GDP is
about to be mass revised by everyone, courtesy of Japan, and ongoing inflation
pressures: the Philadelphia Fed collapsed from a revised 43.4 (a 27 year high)
to 18.5, the lowest since November 2010… This is an
especially great opportunity to sell / take profits while you still can since
there's much worse to come!
People
are leaving California city because of poor economy There is much talk in
Washington, D.C. that the economic recovery is underway, but in some parts of
the America, like in Riverside, Ca., the economy continues to take a downward
spiral.
National
security shake-up expected
(Washington Post) [ Shake-up? I
don’t think so. There may have been a time when a such changes, be it
personnel, policy, etc., might as per the following reference be slight
exaggeration; but no more, as all such now is literally a rearrangement of the
deck chairs on the uss Titanic. Nothing succeeds quite like failure in america
these days! Poll:
Egyptians skeptical about U.S.
Egyptians have an unfavorable view of the U.S., but they are also
divided over Islamic fundamentalists. (Washington Post) [ Hey! … Guess what? … americans and the
rest of the world (except zionist israel, zionists, and old biddy britain) are
skeptical and have an unfavorable view of america. The Economic Collapse: 24 more signs of economic decline in
America…
#1 On Monday, S&P altered its outlook on U.S.
government debt from “stable” to “negative” ..at the rest of the world is
losing faith in the U.S. dollar and in U.S. Treasuries.
#2 China has
announced reducing their holdings of U.S. dollar
#3 .. “panic
dollar selling is setting in” and U.S. dollar in for a huge decline.
#4 The biggest bond fund in the world, PIMCO, is now shorting U.S. government bonds.
#5 Bad economy is causing “ghost towns” to appear all
across the U.S..
#6 There are now about 7.25
million less jobs in America than when the recession began back in 2007.
#7 The average American family is having a really tough time
- Only 45.4% of Americans had a job during 2010. .
#8 Only 66.8% of American men had a job last year-
lowest level ever ..
#9 Avg CEO made 343 times more money than the
average American
#10 Gas prices five dollars per gallon at gas stations.. $6 gas soon
#11 .. 12 months the average price of gasoline in the US
has gone up by
about 30%.
#12 Due to rising fuel prices, American Airlines lost a staggering $436 million during first qtr 2011.
#13 U.S. households now receiving more from the US gov’t
than
they are paying to the government in taxes.
#14 1 of 4
dollars that the U.S. govt borrows goes to pay the interest on the national debt.
#15 Total home mortgage debt in the United States is
now about
5 times larger than it was just 20 years ago.
#16 Total credit card debt in u.s. more than 8 times larger
than 30 yrs ago.
#17 Avg household debt in the United States has
now reached a level of 136% of avg household income. In China, avg
household debt is only 17% of avg household income.
#18 Avg American spends approximately 23 percent
.. on food and gas.
#19 .. 74 percent of u.s. said that they
planned to slow down their spending
#20 59 percent u.s. receive money from the
govt ..
#21 avg length of unemployment in the U.S. is now an
all-time record 39 weeks.
#22 u.s. random acts
of violence”…
#23 Americans are popping
the gold teeth right out of their mouths / selling them to pawn shops.
#24
..u.s. people gobbling up larger and larger amounts of antidepressants / other
drugs. ..’ ]
The
president, lost in thought
(Washington Post) In politics,
deep and complex thinkers such as Obama can seem adrift. [ How ‘bout just lost!
Wobama apologist Mr. Milbank is at it again;viz., new ways to explain away
wobama’s reflection at trying to remember what he previously said so as not to
appear as to have been as disingenuous as you’d expect a common liar to be.
Yet, I believe Mr. Milbank misreads the current signs which in fact reflect for
‘wobama the b’ (for b*** s***) a current loss beyond thought which has cast him
into a ‘funk’: Drudgereport: TELEPROMPTER INVENTOR DIES...
(Wobama ‘goes in mourning … day of silence declared’)
Attorney
General Holder defends his tenure
(Washington Post) [ Defending
the indefensible! Yes … there is no defending this ag … He should step down,
forced to resign … Obama
faces fundraising test in California
(Washington Post) [ Test? You mean intelligence test for those
Californians? A cliché, aphorism is apposite: ‘Fool me once, shame on you. Fool
me twice, shame on me’. Now frauds on wall street got value for their bribes;
viz., no prosecution of their continuing nation-destroying frauds, yet cleaning
up the frauds with prosecutions was the presumption upon which their support was predicated , at least in part. Certainly
Hollywood spoke with their academy award for ‘Inside Job’ . Roche 'The
worst part of it ...Obama, who vowed
change, has done almost nothing to fix any of it and in fact continues most of
the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for
Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by
the frauds on wall street ( and declares with oscar in hand that not one high
level wall street exec has been prosecuted … despite ‘earning’ billiions from
the fraud ), the commentator / experts recommend getting rid of the corrupt
eric holder ( what do holder and wobama have in common … wall street money? … a proclivity for
jive-talking / b*** s*** ?...all/some of the above … or is it something else
... . UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. ]
Approval of Congress at 9%
Rasmussen Reports | Nine percent (9%) now say Congress is
doing a good.
Original
rulers of the celebrity world (Washington Post) Perhaps more than any single event, wedding is exposing members
of royal family for what they really are. [ What they really are? … only
slightly less nauseating than the wobamas! … I mean, come on … at least actors
serve some purpose; viz., the cinematic artform. I refrained from ‘raining on
their parade’ as ‘bad style’ but now I can say the same is ‘much ado about
nothing’, and quite embarrassing for particularly Orwellian england which is in
shambles, much like the pervasively corrupt, defacto bankrupt u.s.. In this
world, there are no elites, nothing royal, and monarchies are indulgent
anachronisms that are obsolete and can no longer be afforded. It’s rather
pathetic to see the brits and yanks falling all over themselves on this. After
all, aren’t the so-called royals no more than over-indulged, opulently
accoutered welfare families upon whose wealth, though largely the result of
public ‘largess’, the servile public have no lien. … in evolutionary
terms vis-a-vis the species, though I hate to be the spoiler, 'time has run
out'. After all, in the last analysis, what can you really expect from a
species derived from apes, notochordates, and
initially single celled organisms. One might even say in light of such humble
beginnings, 'hey, not bad!' I would not be one of them. ( Neanderthals, Humans
Interbred, DNA Proves
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 [
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.
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 ). ]
More
Democrats defiant on debt ceiling (Washington Post) Lawmakers are pushing back against the White
House, joining the GOP in calling for deficit reductions as a condition for
lifting the $14.3 trillion ceiling. [ Ah yes, ‘The Defiant Ones’… principled to
the end … Gerson:
How serious are we about the deficit? (Washington Post) [ Not too! I mean come on! Davis ‘… This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ … Suckers’
rally to keep suckers suckered: Philadelphia
Fed Depresses Economists Durden ‘On Thursday April 21,
2011, 1:32 pm EDT And here comes the first indicator that Q2 GDP is
about to be mass revised by everyone, courtesy of Japan, and ongoing inflation
pressures: the Philadelphia Fed collapsed from a revised 43.4 (a 27 year high)
to 18.5, the lowest since November 2010… This is an
especially great opportunity to sell / take profits while you still can since
there's much worse to come!
The Economic
Collapse: 24 more signs of economic
decline in America…
#1 On Monday, S&P altered its outlook on U.S.
government debt from “stable” to “negative” ..at the rest of the world is
losing faith in the U.S. dollar and in U.S. Treasuries.
#2 China has
announced reducing their holdings of U.S. dollar
#3 .. “panic
dollar selling is setting in” and U.S. dollar in for a huge decline.
#4 The biggest bond fund in the world, PIMCO, is now shorting U.S. government bonds.
#5 Bad economy is causing “ghost towns” to appear all
across the U.S..
#6 There are now about 7.25
million less jobs in America than when the recession began back in 2007.
#7 The average American family is having a really tough time
- Only 45.4% of Americans had a job during 2010. .
#8 Only 66.8% of American men had a job last year-
lowest level ever ..
#9 Avg CEO made 343 times more money than the
average American
#10 Gas prices five dollars per gallon at gas stations.. $6 gas soon
…11-24…]
Key
Afghan aid programs delayed
(Washington Post) [ Strategy? Critical time? Seems we’ve heard that song
before. And, yet another nation and innocent lives destroyed for no good reason
… and, pervasively corrupt and defacto bankrupt america … winning hearts and
minds …NOT! … Petraeus
to helm more-militarized CIA
(Washington Post) [ I personally unequivocally believe there has already
been a defacto coup d’etat in america. Drudgereport: Pentagon
Warns Obama Against Deeper Defense Cuts ... (And where is it going to come from
... we've already had in pervasively corrupt, defacto bankrupt, war crimes
nation america a defacto coup d'etat) ... 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… http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Top
Mexican Drug Lord: I Trafficked Cocaine For The U.S. Government .. CIA
torture jet that crashed with four tons on cocaine on board back in 2007 has
told the U.S. District Court for the Northern District of Illinois in Chicago
that he has been working as a U.S. government asset for years. . Rendition:
Where the War on Terror Meets the War on Drugs Henningsen | ... 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
… “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 .. 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. .. was one of the very same planes chartered to the CIA for the
rendition of suspected terrorists prisoners…’]
Krauthammer:
Obama leads from behind (Washington
Post) [ Behind … as in pulling it out
of his arse! He is clearly a failed president as was his predecessor, war
criminal dumbya bush, et als. The
president, lost in thought
(Washington Post) In politics,
deep and complex thinkers such as Obama can seem adrift. [ How ‘bout just lost!
Wobama apologist Mr. Milbank is at it again;viz., new ways to explain away
wobama’s reflection at trying to remember what he previously said so as not to
appear as to have been as disingenuous as you’d expect a common liar to be.
Yet, I believe Mr. Milbank misreads the current signs which in fact reflect for
‘wobama the b’ (for b*** s***) a current loss beyond thought which has cast him
into a ‘funk’: Drudgereport: TELEPROMPTER INVENTOR DIES...
(Wobama ‘goes in mourning … day of silence declared’)
Julian
Assange to RT: Worst WikiLeaks cables yet to come The man behind WikiLeaks
says his website’s revelations are just the tip of the iceberg. In an exclusive
interview with RT, Julian Assange said it is only a matter of time before more
damaging information becomes known. The publication of confidential cables
proved deeply embarrassing for the US and other countries.
Losing Faith (In
The U.S. Economy) Are the American people losing faith in the U.S. economy?
The statistics that you are about to read might surprise you.
The
Royal Wedding, American Idol, Dancing With The Stars And 7 Other Ways That The
American People Are Being Distracted From Our Real Problems Have you caught
“royal wedding fever” yet? The union of Prince William and Kate Middleton is
already being called “the wedding of the century” and it will almost certainly
be the most watched event in the entire world this year.
Gallup
Poll Shows that More Americans Believe the U.S. is in a Depression than is
Growing … Are They Right? [Yes!] Consumer confidence is, well … in somewhat
of a depression.
PROOF!!! Obama
Birth Certificate Fraud
Drudgereport:
SF
CHRONICLE: WHITE HOUSE LYING Update: In a pants-on-fire moment, the White House press office today denied anyone there had issued threats to remove
Carla Marinucci and possibly other Hearst reporters from the press pool
covering the President in the Bay Area.Chronicle editor Ward Bushee called the
press office on its fib: Sadly, we expected the White House
to respond in this manner based on our experiences yesterday. It is not a
truthful response. It follows a day of off-the-record exchanges with key people
in the White House communications office who told us they would remove our
reporter, then threatened retaliation to Chronicle and Hearst reporters if we
reported on the ban, and then recanted to say our reporter might not be removed
after all.The Chronicle's
report is accurate…’Read more: http://www.sfgate.com/cgi-bin/blogs/bronstein/detail?entry_id=87978#ixzz1Kzv7asG6
PUMP
PRICES JUMP ON TIGHTENING SUPPLIES...
Romney
blames Obama...
MORE
RECORD PROFITS...
Gold
Surges to All-time Record...
Dollar
reaches three-year low...
Losing
to the Loonie...
China
divesting...
NO
JOKE: Superman to renounce U.S. citizenship...
Storm
death over 300
in South...
Deadliest
Swarm of Twisters Since 1974...
Among
Largest, Strongest Ever Recorded...
ECONOMY
SLOWS, INFLATION GROWS...
Doubt
cast on recovery...
Dollar
drops to lowest since 2008...
Investors
flee greenback; silver hits all-time high, gold sets new record...
GALLUP:
U.S. confidence plunges, only 27% say economy is growing...
WAL-MART:
Our shoppers are 'running out of money'...
JOBLESS
CLAIMS 429,000...
CBS
ANCHOR SCHIEFFER: Trump is racist...
TRUMP
TO GIBBS: YOU'RE 'A LOSER' [‘Another trumped-up case of the pot calling the
kettle black’]... TRUMP: Obama
Not Worthy of Ivy Leagues... [ Talk about the pot calling the kettle
black … trump’s b.s., low grade (penn) ivy league (courtesy of papa mobster
trump who ‘twisted his arm to go’ so people would take him ‘seriously’ – papa
mobster trump would pound the undistinguished academically / athletically,
Donald with the mantra, ‘you’re a killer, you’re a king’ in film noir
melodramatic fashion which proved too much for the more balanced and ‘chosen /
favored’ elder brother trump who committed suicide. The old man also required
trump to go to prep / military / boarding school where according to a
classmate, Ted Levine, trump used to wet / pee in his bed. ) vegetable garden in the same manner as
dumbya bush … mobster trump and people like trump are part of the problem
(total b*** s***, fraud, etc., as in his home turf, mob-infested sinkholes,
jersey / new york), not the solution. Indeed, trump is an interesting mental
case in that he evolved from narcissist (those inflated grandiose moods coupled
with feelings of inferiority – he loved to obsessively read those hitler
speeches for inspiration and to pump himself up according to Ivana Trump) to
severe case of antisocial personality disorder [ predatory disregard for and
violation of the rights of others – hence, those sophomoric soundbite solutions
to complex problems as, ie., taking oil fields(Libya), 25% tariff on Chinese
(actually including american goods made in China), drug money laundering in his
casinos, bribery, etc. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
In a rational nation that wasn’t in decline as pervasively corrupt,
defacto bankrupt america, trump and sister Maryanne would both be in prison.
'Terrible
student,' not good enough for Harvard... Biden daughter
trashes Trump...
Bill Cosby slams: 'He's
full of it!'...
Trump
Takes On NYT, Gail Collins...
Admires
her for surviving 'so long with so little talent'...
NBCWSJ
POLL SHOCK: TRUMP #2 GOP [ NBC
where t_rump has his Jerry Springer
derivative shock-jock show and sinkhole new york's fraud street journal … poll?
… Don't make me laugh … Lawrence O'Donnell insists parent company
NBC consider firing Donald Trump Daily
Caller ... Milbank: Donald
trumps CPAC | Gibbs
gone (Washington
Post) [ Trump’s a loser, dressed up and
propped up by and to shill for a declining, fallen nation in the most corrupt
regions (ie., new york, jersey, etc.) of the country (every fallen nation has
such); of that there is no question …"Over the years I've participated in
many battles and have really almost come out very, very victorious every single
time," the Donald said. (Except for the bankruptc[ies], that is. [ trump’s
never won a battle that wasn’t fixed in advance (including the ‘pre-packaged
bankrupcies’ crammed down the throats of objecting creditors – jersey general ]
He also with his corrupt mob ilk 'chased' Steve Wynn out of jersey – Steve
Wynn's doing extremely well in Macau and Vegas.) "I've beaten many people and
companies, and I've won many wars," he added. (Though he didn't serve in
the military.) "I have fairly [according to mobster rules; ie., bribery,
money laundering, etc.] but intelligently [ as any other mob boss … trump is
total b*** s***, a fraud, and lightweight … and, despite the façade, quite
insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of
american decline and part of the problem, not the solution! …trump also said
america’s become the laughingstock of the world … true enough … and trump the
biggest joke … NEWS FLASH: Direct from Lost Angeles
Learning Annex – Presenting mobster t_rump of new yoke, new joyzey, and now
caleefornia mob fame with his continuing message for the past several years:
buy real estate (and watch the values go down…..riiiiight!).
Bank
sues Trump over Chicago tower loan...
Trump
casino to miss interest payment...
trump’s fired (from ‘his own company’)
Gunfire Erupts Inside trump
Taj Mahal Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends
With Employee Killed – What else would you you expect from a mobster’s casino
in mob-infested jersey!
Trump luxury resort folds, leaving buyers
defrauded…litigation has commenced…send for sister maryanne, the corrupt
federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3rd circuit ct
appeals, understands drug money laundering/fraud and handles her own motions to
recuse her and like mobster trump should be in jail ... (see RICO
Case)] earned many
billions of dollars [ at whose expense ], which in a sense was both a scorecard
and acknowledgment of my abilities [ to fool most of the people, all of the
time. ] ." TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... [Don’t make me laugh! … Donald
T_rump Would Impose 25% Tax on China Imports if President [ trump also said america’s become the laughingstock of the world …
true enough … and trump the biggest joke … Indeed, that trump even posits the
possibility of a run when he should be in jail is a testament to just how big a
laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down
to it, this has been america’s most significant export. Indeed, this
irrevocable structural shift, hailed by cia men hw bush and clinton (clinton
couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no
uncertain terms condemned and warned against by Perot, a man of honor who,
unlike his opponents, could not be bought, which is the reason, in pervasively
corrupt america, he could never have been elected. Interestingly, you may have
noticed the good (but not great, other than the spotlight on pervasive bribery
including judges, police, politicians, etc., being far too light) the film ‘The
Untouchables’ getting a wide re-airing of late, purporting to be a significant
part of american folklore / history / culture. However, the reality is that in
america, and certainly today, the real story with impact is that of ‘The
Touchables’. The reality is that Elliot Ness died a broken man; bankrupt, unable
to even win election to the mayoralty of his then current hometown. He was
incorruptible; and hence, in the real america, unelectable at the least if not
also all but unemployable (he and his are among those few genetic anomalies in
america as I’ve previously alluded to. How far america has fallen from even
false perception! Pervasively corrupt, meaningfully lawless america can’t even
fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt
legal / judicial processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
… The pervasively corrupt
american illegal system … corrupt u.s. courts / (lawyers) / 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. ] “I would announce, without
equivocation, a 25% tax increase on anything purchased from China.” ]
Economy
grows, but slows (Washington Post)
Economic growth slowed at the start of the year, weighed down by higher
oil prices and lower government spending, according to new data. [ At what cost for that ‘slow growth’, if
any. They’re dreamin’!
Fed
Chairman Bernanke does reality TV
(Washington Post) [ Except the ‘NO-RECESSION HELICOPTER BEN B.S.
BERNANKE’ show is scripted unreality … even with his reduction in estimate for
‘economic growth’, the frauds on wall street still rallied. Bernanke
prepares to make history
(Washington Post) [ He already
has! $6 gas acomin’, $1,508+ gold, $46+ silver, other commodities at record
levels, hyperinflation as predicted well on the way from over-printing of fiat
paper currency by fed as predicted, etc., Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic
performance of the past ten years, equity valuations are the 2nd largest bubble
in U.S. history... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been artificially manufactured...
·
The change in
accounting rules for the financial sector by FASB has generated massive “false”
account profits beginning in 2009.
·
The extended (and
then further extended) unemployment benefits have kept an artificially higher
demand for consumer consumption. As a result, the US government has
artificially subsidized corporate profits.
·
The billions saved
through “free loading” by homeowners who have defaulted on their mortgages yet
maintained their residence, thus living without a mortgage payment.
·
The artificially
suppressed interest rates...
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come!
ATTENTION: REPORTERS –
HIP BOOTS MANDATORY, WADERS RECOMMENDED SINCE YOU’LL BE AT LEAST KNEE-DEEP IN
‘NO-RECESSION HELICOPTER BEN B.S. BERNAKE’ B*** S***! ] On Wednesday, he will be the first Fed
chairman to take on-the-record questioning from the media.
]
Krauthammer:
Obama leads from behind (Washington
Post) [ Behind … as in pulling it out
of his arse! He is clearly a failed president as was his predecessor, war
criminal dumbya bush, et als. The
president, lost in thought
(Washington Post) In politics,
deep and complex thinkers such as Obama can seem adrift. [ How ‘bout just lost!
Wobama apologist Mr. Milbank is at it again;viz., new ways to explain away
wobama’s reflection at trying to remember what he previously said so as not to
appear as to have been as disingenuous as you’d expect a common liar to be.
Yet, I believe Mr. Milbank misreads the current signs which in fact reflect for
‘wobama the b’ (for b*** s***) a current loss beyond thought which has cast him
into a ‘funk’: Drudgereport: TELEPROMPTER INVENTOR DIES...
(Wobama ‘goes in mourning … day of silence declared’)
Attorney
General Holder defends his tenure
(Washington Post) [ Defending
the indefensible! Yes … there is no defending this ag … He should step down,
forced to resign … Obama
faces fundraising test in California
(Washington Post) [ Test? You mean intelligence test for those
Californians? A cliché, aphorism is apposite: ‘Fool me once, shame on you. Fool
me twice, shame on me’. Now frauds on wall street got value for their bribes;
viz., no prosecution of their continuing nation-destroying frauds, yet cleaning
up the frauds with prosecutions was the presumption upon which their support was predicated , at least in part.
Certainly Hollywood spoke with their academy award for ‘Inside Job’ . Roche 'The
worst part of it ...Obama, who vowed
change, has done almost nothing to fix any of it and in fact continues most of
the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for
Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by
the frauds on wall street ( and declares with oscar in hand that not one high
level wall street exec has been prosecuted … despite ‘earning’ billiions from
the fraud ), the commentator / experts recommend getting rid of the corrupt
eric holder ( what do holder and wobama have in common … wall street money? … a proclivity for
jive-talking / b*** s*** ?...all/some of the above … or is it something else
... . UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. ]
]
Original
rulers of the celebrity world (Washington Post) Perhaps more than any single event, wedding is exposing members
of royal family for what they really are. [ What they really are? … only
slightly less nauseating than the wobamas! … I mean, come on … at least actors
serve some purpose; viz., the cinematic artform. I refrained from ‘raining on
their parade’ as ‘bad style’ but now I can say the same is ‘much ado about
nothing’, and quite embarrassing for particularly Orwellian england which is in
shambles, much like the pervasively corrupt, defacto bankrupt u.s.. In this
world, there are no elites, nothing royal, and monarchies are indulgent
anachronisms that are obsolete and can no longer be afforded. It’s rather
pathetic to see the brits and yanks falling all over themselves on this. After
all, aren’t the so-called royals no more than over-indulged, opulently
accoutered welfare families upon whose wealth, though largely the result of
public ‘largess’, the servile public have no lien. … in evolutionary
terms vis-a-vis the species, though I hate to be the spoiler, 'time has run
out'. After all, in the last analysis, what can you really expect from a
species derived from apes, notochordates, and
initially single celled organisms. One might even say in light of such humble
beginnings, 'hey, not bad!' I would not be one of them. ( Neanderthals, Humans
Interbred, DNA Proves
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 [
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.
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 ). ]
More
Democrats defiant on debt ceiling (Washington Post) Lawmakers are pushing back against the White
House, joining the GOP in calling for deficit reductions as a condition for
lifting the $14.3 trillion ceiling. [ Ah yes, ‘The Defiant Ones’… principled to
the end … Gerson:
How serious are we about the deficit? (Washington Post) [ Not too! I mean come on! Davis ‘… This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ … Suckers’
rally to keep suckers suckered: Philadelphia
Fed Depresses Economists Durden ‘On Thursday April 21,
2011, 1:32 pm EDT And here comes the first indicator that Q2 GDP is
about to be mass revised by everyone, courtesy of Japan, and ongoing inflation
pressures: the Philadelphia Fed collapsed from a revised 43.4 (a 27 year high)
to 18.5, the lowest since November 2010… This is an
especially great opportunity to sell / take profits while you still can since
there's much worse to come!
The Economic
Collapse: 24 more signs of economic
decline in America…
#1 On Monday, S&P altered its outlook on U.S.
government debt from “stable” to “negative” ..at the rest of the world is
losing faith in the U.S. dollar and in U.S. Treasuries.
#2 China has
announced reducing their holdings of U.S. dollar
#3 .. “panic
dollar selling is setting in” and U.S. dollar in for a huge decline.
#4 The biggest bond fund in the world, PIMCO, is now shorting U.S. government bonds.
#5 Bad economy is causing “ghost towns” to appear all
across the U.S..
#6 There are now about 7.25
million less jobs in America than when the recession began back in 2007.
#7 The average American family is having a really tough time
- Only 45.4% of Americans had a job during 2010. .
#8 Only 66.8% of American men had a job last year-
lowest level ever ..
#9 Avg CEO made 343 times more money than the
average American
#10 Gas prices five dollars per gallon at gas stations.. $6 gas soon
…11-24…]
Key
Afghan aid programs delayed
(Washington Post) [ Strategy? Critical time? Seems we’ve heard that song
before. And, yet another nation and innocent lives destroyed for no good reason
… and, pervasively corrupt and defacto bankrupt america … winning hearts and
minds …NOT! … Petraeus
to helm more-militarized CIA
(Washington Post) [ I personally unequivocally believe there has already
been a defacto coup d’etat in america. Drudgereport: Pentagon
Warns Obama Against Deeper Defense Cuts ... (And where is it going to come from
... we've already had in pervasively corrupt, defacto bankrupt, war crimes
nation america a defacto coup d'etat) ... 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… http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Top
Mexican Drug Lord: I Trafficked Cocaine For The U.S. Government .. CIA
torture jet that crashed with four tons on cocaine on board back in 2007 has
told the U.S. District Court for the Northern District of Illinois in Chicago
that he has been working as a U.S. government asset for years. . Rendition:
Where the War on Terror Meets the War on Drugs Henningsen | ... 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
… “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 .. 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. .. was one of the very same planes chartered to the CIA for the
rendition of suspected terrorists prisoners…’]
Disappointing
First Quarter GDP Growth (Stocks rally on the bad news!) (The advance estimate
for Q1 GDP came in at 1.8 percent — a sharp decline from last
quarter’s 3.1 – and worse than expected)
Weekly
Unemployment Claims Back Above This Scary Line (Stocks rally on the bad
news!) Short ‘On Thursday April 28, 2011, The
Department of Labor’s Unemployment Insurance Weekly Claims Report was released
this morning for last week. Claims rose 25,000 from an upward revision of the
previous week to 429,000. The 4-week moving average increased by 2.3%. Here is
the official statement from the Department of Labor:
In the week
ending April 23, the advance figure for seasonally adjusted initial claims was
429,000, an increase of 25,000 from the previous week’s revised figure of
404,000. The 4-week moving average was 408,500, an increase of 9,250 from the
previous week’s revised average of 399,250.
The advance
seasonally adjusted insured unemployment rate was 2.9 percent for the week
ending April 16, a decrease of 0.1 percentage point from the prior week’s
revised rate of 3.0 percent.
The advance
number for seasonally adjusted insured unemployment during the week ending
April 16 was 3,641,000, a decrease of 68,000 from the preceding week’s revised
level of 3,709,000. The 4-week moving average was 3,697,750, a decrease of
22,750 from the preceding week’s revised average of 3,720,500.
Today’s number
was 10% higher than the Briefing.com consensus expectation of 390,000 claims.
As we can see,
there’s a good bit of volatility in this indicator, which is why the 4-week
moving average (shown in the callouts) is a more useful number than the weekly
data.
http://dshort.com/charts/weekly-unemployment-claims-charts.html?weekly-unemployment-claims
Occasionally I
see articles critical of seasonal adjustment, especially when the non-adjusted
number better suits the author’s bias. But a comparison of these two charts
clearly shows extreme volatility of the non-adjusted data, and the 4-week MA
gives an indication of the recurring pattern of seasonal change in the second
chart (note, for example, those regular January spikes).
http://dshort.com/charts/weekly-unemployment-claims-charts.html?weekly-unemployment-claims-NSA
Because of the
extreme volatility of the non-adjusted weekly data, a 52-week moving average
gives a better sense of the long-term trends.
http://dshort.com/charts/weekly-unemployment-claims-charts.html?weekly-unemployment-claims-NSA-52-ma
The Bureau of
Labor Statistics provides an overview on seasonal adjustment here (scroll down about
half way down).
Doug Short Ph.d is the author
of dshort.com.’
Gerald
Celente: ‘Bernanke Devaluing the Dollar’ Should Americans be concerned?
Absolutely, says Gerald Celente, director at the Trends Research Institute.
While Bernanke may have taken to the press, Celente says Ben’s “jive talk”
shouldn’t be trusted as he devalues the dollar and distastes the economy.
Trump faces scrutiny over donations, merch made in China (The
Ticket)
Dollar Loses More Ground
WSJ | The dollar dropped after economic indicators pointed to
a dismal employment picture and slowing economic growth.
Gerson:
How serious are we about the deficit? (Washington Post) [ Not too! I mean come on! Davis ‘… This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ … Suckers’
rally to keep suckers suckered: Philadelphia
Fed Depresses Economists Durden ‘On Thursday April 21,
2011, 1:32 pm EDT And here comes the first indicator that Q2 GDP is
about to be mass revised by everyone, courtesy of Japan, and ongoing inflation
pressures: the Philadelphia Fed collapsed from a revised 43.4 (a 27 year high)
to 18.5, the lowest since November 2010… This is an
especially great opportunity to sell / take profits while you still can since
there's much worse to come!
The Economic
Collapse: 24 more signs of economic
decline in America…
#1 On Monday, S&P altered its outlook on U.S.
government debt from “stable” to “negative” ..at the rest of the world is
losing faith in the U.S. dollar and in U.S. Treasuries.
#2 China has
announced reducing their holdings of U.S. dollar
#3 .. “panic
dollar selling is setting in” and U.S. dollar in for a huge decline.
#4 The biggest bond fund in the world, PIMCO, is now shorting U.S. government bonds.
#5 Bad economy is causing “ghost towns” to appear all
across the U.S..
#6 There are now about 7.25
million less jobs in America than when the recession began back in 2007.
#7 The average American family is having a really tough time
- Only 45.4% of Americans had a job during 2010. .
#8 Only 66.8% of American men had a job last year-
lowest level ever ..
#9 Avg CEO made 343 times more money than the
average American
#10 Gas prices five dollars per gallon at gas stations.. $6 gas soon …
Panic
selling of the U.S. dollar now underway as debt system implodes To most
Americans it’s unthinkable that the U.S. dollar could someday be relegated to
second-class status as a currency, but what they may not realize is that the
transition is already underway.
Fed
Chairman Bernanke does reality TV
(Washington Post) [ Except the ‘NO-RECESSION HELICOPTER BEN B.S.
BERNANKE’ show is scripted unreality … even with his reduction in estimate for
‘economic growth’, the frauds on wall street still rallied. Bernanke
prepares to make history
(Washington Post) [ He already
has! $6 gas acomin’, $1,508+ gold, $46+ silver, other commodities at record
levels, hyperinflation as predicted well on the way from over-printing of fiat
paper currency by fed as predicted, etc., Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic
performance of the past ten years, equity valuations are the 2nd largest bubble
in U.S. history... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been artificially manufactured...
·
The change in
accounting rules for the financial sector by FASB has generated massive “false”
account profits beginning in 2009.
·
The extended (and
then further extended) unemployment benefits have kept an artificially higher
demand for consumer consumption. As a result, the US government has
artificially subsidized corporate profits.
·
The billions saved
through “free loading” by homeowners who have defaulted on their mortgages yet
maintained their residence, thus living without a mortgage payment.
·
The artificially
suppressed interest rates...
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come!
ATTENTION: REPORTERS –
HIP BOOTS MANDATORY, WADERS RECOMMENDED SINCE YOU’LL BE AT LEAST KNEE-DEEP IN
‘NO-RECESSION HELICOPTER BEN B.S. BERNAKE’ B*** S***! ] On Wednesday, he will be the first Fed
chairman to take on-the-record questioning from the media.
24 Signs Of
Economic Decline In America ‘The United States is in the middle of a
devastating long-term economic decline and it is getting really hard to deny
it. ..’ ] States
face shortfall for retirees (Washington Post) Public workers’ retirement funds had a gap of $1.26 trillion at
the end of fiscal 2009, a report says.
Study:
Affordable rentals scarce
(Washington Post) Share of
renters who spend more than half their income on housing is at its highest
level in half a century.
Poll:
For Obama, low marks on Afghan war (Washington Post) More Americans disapprove of President
Obama’s management of the war in Afghanistan than support it, according to a
new Washington Post-ABC News poll, a finding that reflects the public’s broader
concern over the course of the nearly decade-old conflict.
Fuel
prices cut into Obama popularity
(Washington Post) As gas prices
bite into household incomes, Obama’s support takes a hit, according to new poll. The high fuel price dynamic is the slow /
now faster motion, long predicted hyperinflationary consequence of failed fed,
administration, congressional economic / financial / fiscal policy that
essentially has been interposed for the (short-term particularly) benefit of
the frauds on wall street (The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed), and have used the mideast turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Return of Inflation: 5 Worrying Signs From Friday's NY Times
National
security shake-up expected
(Washington Post) [ Shake-up? I
don’t think so. There may have been a time when a such changes, be it
personnel, policy, etc., might as per the following reference be slight
exaggeration; but no more, as all such now is literally a rearrangement of the
deck chairs on the uss Titanic. Nothing succeeds quite like failure in america
these days! Poll:
Egyptians skeptical about U.S.
Egyptians have an unfavorable view of the U.S., but they are also
divided over Islamic fundamentalists. (Washington Post) [ Hey! … Guess what? … americans and the
rest of the world (except zionist israel, zionists, and old biddy britain) are
skeptical and have an unfavorable view of america. The Economic Collapse: 24 more signs of economic decline in
America…
#1 On Monday, S&P altered its outlook on U.S.
government debt from “stable” to “negative” ..at the rest of the world is
losing faith in the U.S. dollar and in U.S. Treasuries.
#2 China has
announced reducing their holdings of U.S. dollar
#3 .. “panic
dollar selling is setting in” and U.S. dollar in for a huge decline.
#4 The biggest bond fund in the world, PIMCO, is now shorting U.S. government bonds.
#5 Bad economy is causing “ghost towns” to appear all
across the U.S..
#6 There are now about 7.25
million less jobs in America than when the recession began back in 2007.
#7 The average American family is having a really tough time
- Only 45.4% of Americans had a job during 2010. .
#8 Only 66.8% of American men had a job last year-
lowest level ever ..
#9 Avg CEO made 343 times more money than the
average American
#10 Gas prices five dollars per gallon at gas stations.. $6 gas soon
#11 .. 12 months the average price of gasoline in the US
has gone up by
about 30%.
#12 Due to rising fuel prices, American Airlines lost a staggering $436 million during first qtr 2011.
#13 U.S. households now receiving more from the US gov’t
than
they are paying to the government in taxes.
#14 1 of 4
dollars that the U.S. govt borrows goes to pay the interest on the national debt.
#15 Total home mortgage debt in the United States is
now about
5 times larger than it was just 20 years ago.
#16 Total credit card debt in u.s. more than 8 times larger
than 30 yrs ago.
#17 Avg household debt in the United States has
now reached a level of 136% of avg household income. In China, avg
household debt is only 17% of avg household income.
#18 Avg American spends approximately 23 percent
.. on food and gas.
#19 .. 74 percent of u.s. said that they
planned to slow down their spending
#20 59 percent u.s. receive money from the
govt ..
#21 avg length of unemployment in the U.S. is now an
all-time record 39 weeks.
#22 u.s. random acts
of violence”…
#23 Americans are popping
the gold teeth right out of their mouths / selling them to pawn shops.
#24
..u.s. people gobbling up larger and larger amounts of antidepressants / other
drugs. ..’ ]
The
president, lost in thought
(Washington Post) In politics,
deep and complex thinkers such as Obama can seem adrift. [ How ‘bout just lost!
Wobama apologist Mr. Milbank is at it again;viz., new ways to explain away
wobama’s reflection at trying to remember what he previously said so as not to
appear as to have been as disingenuous as you’d expect a common liar to be.
Yet, I believe Mr. Milbank misreads the current signs which in fact reflect for
‘wobama the b’ (for b*** s***) a current loss beyond thought which has cast him
into a ‘funk’: Drudgereport: TELEPROMPTER INVENTOR DIES...
(Wobama ‘goes in mourning … day of silence declared’)
Attorney
General Holder defends his tenure
(Washington Post) [ Defending
the indefensible! Yes … there is no defending this ag … He should step down,
forced to resign … Obama
faces fundraising test in California
(Washington Post) [ Test? You mean intelligence test for those
Californians? A cliché, aphorism is apposite: ‘Fool me once, shame on you. Fool
me twice, shame on me’. Now frauds on wall street got value for their bribes;
viz., no prosecution of their continuing nation-destroying frauds, yet cleaning
up the frauds with prosecutions was the presumption upon which their support was predicated , at least in part.
Certainly Hollywood spoke with their academy award for ‘Inside Job’ . Roche 'The
worst part of it ...Obama, who vowed
change, has done almost nothing to fix any of it and in fact continues most of
the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for
Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by
the frauds on wall street ( and declares with oscar in hand that not one high
level wall street exec has been prosecuted … despite ‘earning’ billiions from
the fraud ), the commentator / experts recommend getting rid of the corrupt
eric holder ( what do holder and wobama have in common … wall street money? … a proclivity for
jive-talking / b*** s*** ?...all/some of the above … or is it something else
... . UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. ]
Petraeus
to helm more-militarized CIA
(Washington Post) [ I personally unequivocally believe there has already
been a defacto coup d’etat in america. Drudgereport: Pentagon
Warns Obama Against Deeper Defense Cuts ... (And where is it going to come from
... we've already had in pervasively corrupt, defacto bankrupt, war crimes
nation america a defacto coup d'etat) ... 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! Top
Mexican Drug Lord: I Trafficked Cocaine For The U.S. Government The
“logistical coordinator” for a top Mexican drug-trafficking gang that was
responsible for purchasing the CIA torture jet that crashed with four tons on
cocaine on board back in 2007 has told the U.S. District Court for the Northern
District of Illinois in Chicago that he has been working as a U.S. government
asset for years. Rendition:
Where the War on Terror Meets the War on Drugs Henningsen | ... 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 .. 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. .. was one of
the very same planes chartered to the CIA for the rendition of suspected
terrorists prisoners…’]
Drudgereport: NO
JOKE: Superman to renounce U.S. citizenship...
Storm
death near 300
in South...
Deadliest
Swarm of Twisters Since 1974...
Among
Largest, Strongest Ever Recorded...
ECONOMY
SLOWS, INFLATION GROWS...
Doubt
cast on recovery...
Dollar
drops to lowest since 2008...
Investors
flee greenback; silver hits all-time high, gold sets new record...
GALLUP:
U.S. confidence plunges, only 27% say economy is growing...
WAL-MART:
Our shoppers are 'running out of money'...
JOBLESS
CLAIMS 429,000...
CBS
ANCHOR SCHIEFFER: Trump is racist...
TRUMP
TO GIBBS: YOU'RE 'A LOSER' [‘Another trumped-up case of the pot calling the
kettle black’]... TRUMP: Obama
Not Worthy of Ivy Leagues... [ Talk about the pot calling the kettle
black … trump’s b.s., low grade (penn) ivy league (courtesy of papa mobster
trump who ‘twisted his arm to go’ so people would take him ‘seriously’ – papa
mobster trump would pound the undistinguished academically / athletically,
Donald with the mantra, ‘you’re a killer, you’re a king’ in film noir
melodramatic fashion which proved too much for the more balanced and ‘chosen /
favored’ elder brother trump who committed suicide. The old man also required
trump to go to prep / military / boarding school where according to a
classmate, Ted Levine, trump used to wet / pee in his bed. ) vegetable garden in the same manner as dumbya
bush … mobster trump and people like trump are part of the problem (total b***
s***, fraud, etc., as in his home turf, mob-infested sinkholes, jersey / new
york), not the solution. Indeed, trump is an interesting mental case in that he
evolved from narcissist (those inflated grandiose moods coupled with feelings
of inferiority – he loved to obsessively read those hitler speeches for
inspiration and to pump himself up according to Ivana Trump) to severe case of
antisocial personality disorder [ predatory disregard for and violation of the rights
of others – hence, those sophomoric soundbite solutions to complex problems as,
ie., taking oil fields(Libya), 25% tariff on Chinese (actually including
american goods made in China), drug money laundering in his casinos, bribery,
etc. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
In a rational nation that wasn’t in decline as pervasively corrupt,
defacto bankrupt america, trump and sister Maryanne would both be in prison.
'Terrible
student,' not good enough for Harvard... Biden daughter
trashes Trump...
Bill Cosby slams: 'He's
full of it!'...
Trump
Takes On NYT, Gail Collins...
Admires
her for surviving 'so long with so little talent'...
NBCWSJ
POLL SHOCK: TRUMP #2 GOP [ NBC
where t_rump has his Jerry Springer derivative
shock-jock show and sinkhole new york's fraud street journal … poll? … Don't
make me laugh … Lawrence O'Donnell insists parent company
NBC consider firing Donald Trump Daily
Caller ... Milbank: Donald
trumps CPAC | Gibbs
gone (Washington
Post) [ Trump’s a loser, dressed up and
propped up by and to shill for a declining, fallen nation in the most corrupt
regions (ie., new york, jersey, etc.) of the country (every fallen nation has
such); of that there is no question …"Over the years I've participated in
many battles and have really almost come out very, very victorious every single
time," the Donald said. (Except for the bankruptc[ies], that is. [ trump’s
never won a battle that wasn’t fixed in advance (including the ‘pre-packaged
bankrupcies’ crammed down the throats of objecting creditors – jersey general ]
He also with his corrupt mob ilk 'chased' Steve Wynn out of jersey – Steve
Wynn's doing extremely well in Macau and Vegas.) "I've beaten many people
and companies, and I've won many wars," he added. (Though he didn't serve
in the military.) "I have fairly [according to mobster rules; ie.,
bribery, money laundering, etc.] but intelligently [ as any other mob boss …
trump is total b*** s***, a fraud, and lightweight … and, despite the façade,
quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of
american decline and part of the problem, not the solution! …trump also said
america’s become the laughingstock of the world … true enough … and trump the
biggest joke … NEWS FLASH: Direct from Lost Angeles
Learning Annex – Presenting mobster t_rump of new yoke, new joyzey, and now
caleefornia mob fame with his continuing message for the past several years:
buy real estate (and watch the values go down…..riiiiight!).
Bank
sues Trump over Chicago tower loan...
Trump
casino to miss interest payment...
trump’s fired (from ‘his own company’)
Gunfire Erupts Inside trump
Taj Mahal Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends
With Employee Killed – What else would you you expect from a mobster’s casino
in mob-infested jersey!
Trump luxury resort folds, leaving buyers
defrauded…litigation has commenced…send for sister maryanne, the corrupt
federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3rd circuit ct
appeals, understands drug money laundering/fraud and handles her own motions to
recuse her and like mobster trump should be in jail ... (see RICO
Case)] earned many
billions of dollars [ at whose expense ], which in a sense was both a scorecard
and acknowledgment of my abilities [ to fool most of the people, all of the
time. ] ." TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... [Don’t make me laugh! … Donald
T_rump Would Impose 25% Tax on China Imports if President [ trump also said america’s become the laughingstock of the world …
true enough … and trump the biggest joke … Indeed, that trump even posits the
possibility of a run when he should be in jail is a testament to just how big a
laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down
to it, this has been america’s most significant export. Indeed, this
irrevocable structural shift, hailed by cia men hw bush and clinton (clinton
couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no
uncertain terms condemned and warned against by Perot, a man of honor who,
unlike his opponents, could not be bought, which is the reason, in pervasively
corrupt america, he could never have been elected. Interestingly, you may have
noticed the good (but not great, other than the spotlight on pervasive bribery
including judges, police, politicians, etc., being far too light) the film ‘The
Untouchables’ getting a wide re-airing of late, purporting to be a significant
part of american folklore / history / culture. However, the reality is that in
america, and certainly today, the real story with impact is that of ‘The
Touchables’. The reality is that Elliot Ness died a broken man; bankrupt,
unable to even win election to the mayoralty of his then current hometown. He
was incorruptible; and hence, in the real america, unelectable at the least if
not also all but unemployable (he and his are among those few genetic anomalies
in america as I’ve previously alluded to. How far america has fallen from even
false perception! Pervasively corrupt, meaningfully lawless america can’t even
fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt
legal / judicial processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
… The pervasively corrupt
american illegal system … corrupt u.s. courts / (lawyers) / 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. ] “I would announce, without
equivocation, a 25% tax increase on anything purchased from China.” ]
Fed Spin Lifts Stocks: Dave's Daily ‘It's a con plain and simple. I've bought into it because I must.
Overall we're long and will be until the jig's up. Until then, I've advised
subscribers for many months that our Lazy Portfolios are the path to success as
Fed policies steamroll most technical systems beyond HFTs [high-frequency
traders]. When it ends, and it will, it's back to business as usual. Earnings
have been good, especially for companies (MMM, KO, MCD and etc.) where a weak
dollar has led to grand overseas profits. Most of those gains remain stashed
abroad and will remain there until U.S. corporate tax policy changes--a cold
day in hell IMHO. Further, Fed policies have been positive for financial
engineering, M&A, corporate debt financings and stock buybacks. This is the
result of a sea of liquidity finding its way to Wall Street which trickles down
to S&P 500 companies. It leads to minimal gains in U.S. employment as
companies are stimulated to outsource work overseas. It does not lift real
estate prices off the deck either. The great con remains current inflation,
which Bernanke alluded to briefly in his comments today. They cling to
"core" inflation as their measure of choice while we commoners who
shop everyday for essentials know better. Turbo Tim even had the nerve to say
the other day high gas prices are something we'll just "adjust to"
and "won't hurt" the recovery. He has a government car and driver. He
also had the nerve to reiterate the necessity to maintain a strong dollar.
Yikes! The Fed expects GDP to grow between 3.1 and 3.3% this year. Thursday's
GDP data may serve as a guide although expectations are for a weaker report.
It's been a strange week as the dollar continued to slide, commodities rallied
and stocks moved higher on ultra light volume. As to the latter, where is
everybody? Most retail investors are content to hang on to their IRAs and 401Ks
but they're still distrustful of markets. From the data it seems they'd rather
have a new car or TV which is something they can trust. Current trading
patterns remain dominated by HFTs whether from institutional trading desks or
hedge funds. This is the way we've rolled since QE2 began...’
Is
the Market Crazy? [ Short answer: Yes! Fraudulently, criminally insane type
crazy! ]
Drudgereport: SPOOK
SHUFFLE: PETRAEUS TO CIA, PANETTA TO PENTAGON (americans-just a bunch of
spooks!)...
Afghan
officer fires on U.S. troops, kills 9 [american war criminals winning hearts
and minds]...
BERNANKE:
Here comes the inflation...
GOLD
RECORD -- AGAIN...
Banks Warn
Obama on Soaring Debt Problems...
Gasoline
futures jump 6 cents in one day...
TRUMP
TO GIBBS: YOU'RE 'A LOSER' [‘Another trumped-up case of the pot calling the
kettle black’]... TRUMP: Obama
Not Worthy of Ivy Leagues... [ Talk about the pot calling the kettle
black … trump’s b.s., low grade (penn) ivy league (courtesy of papa mobster
trump who ‘twisted his arm to go’ so people would take him ‘seriously’ – papa
mobster trump would pound the undistinguished academically / athletically,
Donald with the mantra, ‘you’re a killer, you’re a king’ in film noir
melodramatic fashion which proved too much for the more balanced and ‘chosen /
favored’ elder brother trump who committed suicide. The old man also required
trump to go to prep / military / boarding school where according to a
classmate, Ted Levine, trump used to wet / pee in his bed. ) vegetable garden in the same manner as
dumbya bush … mobster trump and people like trump are part of the problem
(total b*** s***, fraud, etc., as in his home turf, mob-infested sinkholes,
jersey / new york), not the solution. Indeed, trump is an interesting mental
case in that he evolved from narcissist (those inflated grandiose moods coupled
with feelings of inferiority – he loved to obsessively read those hitler
speeches for inspiration and to pump himself up according to Ivana Trump) to
severe case of antisocial personality disorder [ predatory disregard for and
violation of the rights of others – hence, those sophomoric soundbite solutions
to complex problems as, ie., taking oil fields(Libya), 25% tariff on Chinese
(actually including american goods made in China), drug money laundering in his
casinos, bribery, etc. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
In a rational nation that wasn’t in decline as pervasively corrupt,
defacto bankrupt america, trump and sister Maryanne would both be in prison.
'Terrible
student,' not good enough for Harvard... Biden daughter
trashes Trump...
Bill Cosby slams: 'He's
full of it!'...
Trump
Takes On NYT, Gail Collins...
Admires
her for surviving 'so long with so little talent'...
NBCWSJ
POLL SHOCK: TRUMP #2 GOP [ NBC
where t_rump has his Jerry Springer
derivative shock-jock show and sinkhole new york's fraud street journal … poll?
… Don't make me laugh … Lawrence O'Donnell insists parent company
NBC consider firing Donald Trump Daily
Caller ... Milbank: Donald
trumps CPAC | Gibbs
gone (Washington
Post) [ Trump’s a loser, dressed up and
propped up by and to shill for a declining, fallen nation in the most corrupt
regions (ie., new york, jersey, etc.) of the country (every fallen nation has
such); of that there is no question …"Over the years I've participated in
many battles and have really almost come out very, very victorious every single
time," the Donald said. (Except for the bankruptc[ies], that is. [ trump’s
never won a battle that wasn’t fixed in advance (including the ‘pre-packaged
bankrupcies’ crammed down the throats of objecting creditors – jersey general ]
He also with his corrupt mob ilk 'chased' Steve Wynn out of jersey – Steve
Wynn's doing extremely well in Macau and Vegas.) "I've beaten many people
and companies, and I've won many wars," he added. (Though he didn't serve
in the military.) "I have fairly [according to mobster rules; ie.,
bribery, money laundering, etc.] but intelligently [ as any other mob boss …
trump is total b*** s***, a fraud, and lightweight … and, despite the façade,
quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of
american decline and part of the problem, not the solution! …trump also said
america’s become the laughingstock of the world … true enough … and trump the
biggest joke … NEWS FLASH: Direct from Lost Angeles
Learning Annex – Presenting mobster t_rump of new yoke, new joyzey, and now
caleefornia mob fame with his continuing message for the past several years:
buy real estate (and watch the values go down…..riiiiight!).
Bank
sues Trump over Chicago tower loan...
Trump
casino to miss interest payment...
trump’s fired (from ‘his own company’)
Gunfire Erupts Inside trump
Taj Mahal Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends
With Employee Killed – What else would you you expect from a mobster’s casino
in mob-infested jersey!
Trump luxury resort folds, leaving buyers
defrauded…litigation has commenced…send for sister maryanne, the corrupt
federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3rd circuit ct
appeals, understands drug money laundering/fraud and handles her own motions to
recuse her and like mobster trump should be in jail ... (see RICO
Case)] earned many
billions of dollars [ at whose expense ], which in a sense was both a scorecard
and acknowledgment of my abilities [ to fool most of the people, all of the
time. ] ." TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... [Don’t make me laugh! … Donald
T_rump Would Impose 25% Tax on China Imports if President [ trump also said america’s become the laughingstock of the world …
true enough … and trump the biggest joke … Indeed, that trump even posits the
possibility of a run when he should be in jail is a testament to just how big a
laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down
to it, this has been america’s most significant export. Indeed, this
irrevocable structural shift, hailed by cia men hw bush and clinton (clinton
couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no
uncertain terms condemned and warned against by Perot, a man of honor who,
unlike his opponents, could not be bought, which is the reason, in pervasively
corrupt america, he could never have been elected. Interestingly, you may have
noticed the good (but not great, other than the spotlight on pervasive bribery
including judges, police, politicians, etc., being far too light) the film ‘The
Untouchables’ getting a wide re-airing of late, purporting to be a significant
part of american folklore / history / culture. However, the reality is that in
america, and certainly today, the real story with impact is that of ‘The
Touchables’. The reality is that Elliot Ness died a broken man; bankrupt,
unable to even win election to the mayoralty of his then current hometown. He
was incorruptible; and hence, in the real america, unelectable at the least if
not also all but unemployable (he and his are among those few genetic anomalies
in america as I’ve previously alluded to. How far america has fallen from even
false perception! Pervasively corrupt, meaningfully lawless america can’t even
fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt
legal / judicial processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
… The pervasively corrupt
american illegal system … corrupt u.s. courts / (lawyers) / 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. ] “I would announce, without
equivocation, a 25% tax increase on anything purchased from China.” ]
Bernanke
prepares to make history
(Washington Post) [ He already
has! $6 gas acomin’, $1,508+ gold, $46+ silver, other commodities at record
levels, hyperinflation as predicted well on the way from over-printing of fiat
paper currency by fed as predicted, etc., Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic
performance of the past ten years, equity valuations are the 2nd largest bubble
in U.S. history... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been artificially manufactured...
·
The change in
accounting rules for the financial sector by FASB has generated massive “false”
account profits beginning in 2009.
·
The extended (and
then further extended) unemployment benefits have kept an artificially higher
demand for consumer consumption. As a result, the US government has
artificially subsidized corporate profits.
·
The billions saved
through “free loading” by homeowners who have defaulted on their mortgages yet
maintained their residence, thus living without a mortgage payment.
·
The artificially
suppressed interest rates...
Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come!
ATTENTION: REPORTERS –
HIP BOOTS MANDATORY, WADERS RECOMMENDED SINCE YOU’LL BE AT LEAST KNEE-DEEP IN
‘NO-RECESSION HELICOPTER BEN B.S. BERNAKE’ B*** S***! ] On Wednesday, he will be the first Fed
chairman to take on-the-record questioning from the media.
24 Signs Of
Economic Decline In America ‘The United States is in the middle of a
devastating long-term economic decline and it is getting really hard to deny
it. Over the past year I have included literally thousands of depressing
statistics in my articles about the U.S. economy. The
Economic Collapse April 23, 2011 The United States is in the middle of a devastating
long-term economic decline and it is getting really hard to deny it. Over
the past year I have included literally thousands of depressing statistics in
my articles about the U.S. economy… the U.S. economy is in deep decline and is
dying a little bit more every single day…
Treasury
quietly plans for debt showdown (Washington Post) As White House warns of catastrophe if Congress fails to raise
the debt ceiling, Geithner is working behind the scenes to juggle the books and
conserve cash. [ Quietly? Hardly. It’s probably the most trumpeted quiet plan
in the history of this now defacto bankrupt nation. Davis ‘… This is how we
pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF CARDS IS TEETERING
FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
… Suckers’ rally to keep suckers
suckered: Philadelphia
Fed Depresses Economists Durden ‘On Thursday April 21,
2011, 1:32 pm EDT And here comes the first indicator that Q2 GDP is
about to be mass revised by everyone, courtesy of Japan, and ongoing inflation
pressures: the Philadelphia Fed collapsed from a revised 43.4 (a 27 year high)
to 18.5, the lowest since November 2010… This is an
especially great opportunity to sell / take profits while you still can since
there's much worse to come!]
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog.. the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic
performance of the past ten years, equity valuations are the 2nd largest bubble
in U.S. history... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been artificially manufactured...
·
The change in
accounting rules for the financial sector by FASB has generated massive “false”
account profits beginning in 2009.
·
The extended (and
then further extended) unemployment benefits have kept an artificially higher
demand for consumer consumption. As a result, the US government has
artificially subsidized corporate profits.
·
The billions saved
through “free loading” by homeowners who have defaulted on their mortgages yet
maintained their residence, thus living without a mortgage payment.
·
The artificially
suppressed interest rates...
Drudgereport: SPOOK
SHUFFLE: PETRAEUS TO CIA, PANETTA TO PENTAGON (americans-just a bunch of
spooks!)...
Afghan
officer fires on U.S. troops, kills 9 [american war criminals winning hearts
and minds]...
BERNANKE:
Here comes the inflation...
GOLD
RECORD -- AGAIN...
Banks Warn
Obama on Soaring Debt Problems...
Gasoline
futures jump 6 cents in one day...
TRUMP
TO GIBBS: YOU'RE 'A LOSER' [‘Another trumped-up case of the pot calling the
kettle black’]... TRUMP: Obama
Not Worthy of Ivy Leagues... [ Talk about the pot calling the kettle
black … trump’s b.s., low grade (penn) ivy league (courtesy of papa mobster
trump who ‘twisted his arm to go’ so people would take him ‘seriously’ – papa
mobster trump would pound the undistinguished academically / athletically,
Donald with the mantra, ‘you’re a killer, you’re a king’ in film noir
melodramatic fashion which proved too much for the more balanced and ‘chosen /
favored’ elder brother trump who committed suicide. The old man also required
trump to go to prep / military / boarding school where according to a
classmate, Ted Levine, trump used to wet / pee in his bed. ) vegetable garden in the same manner as
dumbya bush … mobster trump and people like trump are part of the problem
(total b*** s***, fraud, etc., as in his home turf, mob-infested sinkholes,
jersey / new york), not the solution. Indeed, trump is an interesting mental
case in that he evolved from narcissist (those inflated grandiose moods coupled
with feelings of inferiority – he loved to obsessively read those hitler
speeches for inspiration and to pump himself up according to Ivana Trump) to
severe case of antisocial personality disorder [ predatory disregard for and
violation of the rights of others – hence, those sophomoric soundbite solutions
to complex problems as, ie., taking oil fields(Libya), 25% tariff on Chinese
(actually including american goods made in China), drug money laundering in his
casinos, bribery, etc. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
In a rational nation that wasn’t in decline as pervasively corrupt,
defacto bankrupt america, trump and sister Maryanne would both be in prison.
'Terrible
student,' not good enough for Harvard... Biden daughter
trashes Trump...
Bill Cosby slams: 'He's
full of it!'...
Trump
Takes On NYT, Gail Collins...
Admires
her for surviving 'so long with so little talent'...
NBCWSJ
POLL SHOCK: TRUMP #2 GOP [ NBC
where t_rump has his Jerry Springer
derivative shock-jock show and sinkhole new york's fraud street journal … poll?
… Don't make me laugh … Lawrence O'Donnell insists parent company
NBC consider firing Donald Trump Daily
Caller ... Milbank: Donald
trumps CPAC | Gibbs
gone (Washington
Post) [ Trump’s a loser, dressed up and
propped up by and to shill for a declining, fallen nation in the most corrupt
regions (ie., new york, jersey, etc.) of the country (every fallen nation has
such); of that there is no question …"Over the years I've participated in
many battles and have really almost come out very, very victorious every single
time," the Donald said. (Except for the bankruptc[ies], that is. [ trump’s
never won a battle that wasn’t fixed in advance (including the ‘pre-packaged
bankrupcies’ crammed down the throats of objecting creditors – jersey general ]
He also with his corrupt mob ilk 'chased' Steve Wynn out of jersey – Steve
Wynn's doing extremely well in Macau and Vegas.) "I've beaten many people
and companies, and I've won many wars," he added. (Though he didn't serve
in the military.) "I have fairly [according to mobster rules; ie.,
bribery, money laundering, etc.] but intelligently [ as any other mob boss …
trump is total b*** s***, a fraud, and lightweight … and, despite the façade, quite
insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of
american decline and part of the problem, not the solution! …trump also said
america’s become the laughingstock of the world … true enough … and trump the
biggest joke … NEWS FLASH: Direct from Lost Angeles
Learning Annex – Presenting mobster t_rump of new yoke, new joyzey, and now
caleefornia mob fame with his continuing message for the past several years:
buy real estate (and watch the values go down…..riiiiight!).
Bank
sues Trump over Chicago tower loan...
Trump
casino to miss interest payment...
trump’s fired (from ‘his own company’)
Gunfire Erupts Inside trump
Taj Mahal Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends
With Employee Killed – What else would you you expect from a mobster’s casino
in mob-infested jersey!
Trump luxury resort folds, leaving buyers
defrauded…litigation has commenced…send for sister maryanne, the corrupt
federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3rd circuit ct
appeals, understands drug money laundering/fraud and handles her own motions to
recuse her and like mobster trump should be in jail ... (see RICO
Case)] earned many
billions of dollars [ at whose expense ], which in a sense was both a scorecard
and acknowledgment of my abilities [ to fool most of the people, all of the
time. ] ." TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... [Don’t make me laugh! … Donald
T_rump Would Impose 25% Tax on China Imports if President [ trump also said america’s become the laughingstock of the world …
true enough … and trump the biggest joke … Indeed, that trump even posits the
possibility of a run when he should be in jail is a testament to just how big a
laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down
to it, this has been america’s most significant export. Indeed, this
irrevocable structural shift, hailed by cia men hw bush and clinton (clinton
couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no
uncertain terms condemned and warned against by Perot, a man of honor who,
unlike his opponents, could not be bought, which is the reason, in pervasively
corrupt america, he could never have been elected. Interestingly, you may have
noticed the good (but not great, other than the spotlight on pervasive bribery
including judges, police, politicians, etc., being far too light) the film ‘The
Untouchables’ getting a wide re-airing of late, purporting to be a significant
part of american folklore / history / culture. However, the reality is that in
america, and certainly today, the real story with impact is that of ‘The
Touchables’. The reality is that Elliot Ness died a broken man; bankrupt,
unable to even win election to the mayoralty of his then current hometown. He
was incorruptible; and hence, in the real america, unelectable at the least if
not also all but unemployable (he and his are among those few genetic anomalies
in america as I’ve previously alluded to. How far america has fallen from even
false perception! Pervasively corrupt, meaningfully lawless america can’t even
fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt
legal / judicial processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in this
evolved american trait of inherent criminality in the most nefarious sense
… The pervasively corrupt
american illegal system … corrupt u.s. courts / (lawyers) / 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. ] “I would announce, without
equivocation, a 25% tax increase on anything purchased from China.” ]
National
security shake-up expected
(Washington Post) [ Shake-up? I
don’t think so. There may have been a time when a such changes, be it
personnel, policy, etc., might as per the following reference be slight
exaggeration; but no more, as all such now is literally a rearrangement of the
deck chairs on the uss Titanic. Nothing succeeds quite like failure in america
these days! Poll:
Egyptians skeptical about U.S.
Egyptians have an unfavorable view of the U.S., but they are also
divided over Islamic fundamentalists. (Washington Post) [ Hey! … Guess what? … americans and the
rest of the world (except zionist israel, zionists, and old biddy britain) are
skeptical and have an unfavorable view of america. The Economic Collapse: 24 more signs of economic decline in
America…
#1 On Monday, S&P altered its outlook on U.S.
government debt from “stable” to “negative” ..at the rest of the world is
losing faith in the U.S. dollar and in U.S. Treasuries.
#2 China has
announced reducing their holdings of U.S. dollar
#3 .. “panic
dollar selling is setting in” and U.S. dollar in for a huge decline.
#4 The biggest bond fund in the world, PIMCO, is now shorting U.S. government bonds.
#5 Bad economy is causing “ghost towns” to appear all
across the U.S..
#6 There are now about 7.25
million less jobs in America than when the recession began back in 2007.
#7 The average American family is having a really tough time
- Only 45.4% of Americans had a job during 2010. .
#8 Only 66.8% of American men had a job last year-
lowest level ever ..
#9 Avg CEO made 343 times more money than the
average American
#10 Gas prices five dollars per gallon at gas stations.. $6 gas soon
#11 .. 12 months the average price of gasoline in the US
has gone up by
about 30%.
#12 Due to rising fuel prices, American Airlines lost a staggering $436 million during first qtr 2011.
#13 U.S. households now receiving more from the US gov’t
than
they are paying to the government in taxes.
#14 1 of 4
dollars that the U.S. govt borrows goes to pay the interest on the national debt.
#15 Total home mortgage debt in the United States is
now about
5 times larger than it was just 20 years ago.
#16 Total credit card debt in u.s. more than 8 times larger
than 30 yrs ago.
#17 Avg household debt in the United States has
now reached a level of 136% of avg household income. In China, avg
household debt is only 17% of avg household income.
#18 Avg American spends approximately 23 percent
.. on food and gas.
#19 .. 74 percent of u.s. said that they
planned to slow down their spending
#20 59 percent u.s. receive money from the
govt ..
#21 avg length of unemployment in the U.S. is now an
all-time record 39 weeks.
#22 u.s. random acts
of violence”…
#23 Americans are popping
the gold teeth right out of their mouths / selling them to pawn shops.
#24
..u.s. people gobbling up larger and larger amounts of antidepressants / other
drugs. ..’ ]
The
president, lost in thought
(Washington Post) In politics,
deep and complex thinkers such as Obama can seem adrift. [ How ‘bout just lost!
Wobama apologist Mr. Milbank is at it again;viz., new ways to explain away
wobama’s reflection at trying to remember what he previously said so as not to
appear as to have been as disingenuous as you’d expect a common liar to be.
Yet, I believe Mr. Milbank misreads the current signs which in fact reflect for
‘wobama the b’ (for b*** s***) a current loss beyond thought which has cast him
into a ‘funk’: Drudgereport: TELEPROMPTER INVENTOR DIES...
(Wobama ‘goes in mourning … day of silence declared’)
Attorney
General Holder defends his tenure
(Washington Post) [ Defending
the indefensible! Yes … there is no defending this ag … He should step down,
forced to resign … Obama
faces fundraising test in California
(Washington Post) [ Test? You mean intelligence test for those
Californians? A cliché, aphorism is apposite: ‘Fool me once, shame on you. Fool
me twice, shame on me’. Now frauds on wall street got value for their bribes;
viz., no prosecution of their continuing nation-destroying frauds, yet cleaning
up the frauds with prosecutions was the presumption upon which their support was predicated , at least in part.
Certainly Hollywood spoke with their academy award for ‘Inside Job’ . Roche 'The
worst part of it ...Obama, who vowed
change, has done almost nothing to fix any of it and in fact continues most of
the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for
Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by
the frauds on wall street ( and declares with oscar in hand that not one high
level wall street exec has been prosecuted … despite ‘earning’ billiions from
the fraud ), the commentator / experts recommend getting rid of the corrupt
eric holder ( what do holder and wobama have in common … wall street money? … a proclivity for
jive-talking / b*** s*** ?...all/some of the above … or is it something else
... . UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. ]
]
Trump’s
donations favor Democrats
(Washington Post) [ Why the surprise? In addition to being a bribester,
mobster, trump’s a total fraudster / mental case who stands for absolutely
nothing more than expedient soundbites!
Drudgereport: TRUMP: Obama Not
Worthy of Ivy Leagues... [ Talk about the pot calling the kettle
black … trump’s b.s., low grade (penn) ivy league (courtesy of papa mobster
trump who ‘twisted his arm to go’ so people would take him ‘seriously’ – papa
mobster trump would pound the undistinguished academically / athletically
donald with the mantra, ‘you’re a killer, you’re a king’ in film noir
melodramatic fashion which proved too much for the more balanced and ‘chosen /
favored’ elder brother trump who committed suicide. The old man also required
trump to go to prep / military / boarding school where according to a
classmate, Ted Levine, trump used to wet / pee in his bed. ) vegetable garden in the same manner as
dumbya bush … mobster trump and people like trump are part of the problem
(total b*** s***, fraud, etc., as in his home turf, mob-infested sinkholes,
jersey / new york), not the solution. Indeed, trump is an interesting mental
case in that he evolved from narcissist (those inflated grandiose moods coupled
with feelings of inferiority – he loved to obsessively read those hitler
speeches for inspiration and to pump himself up according to Ivana Trump) to
severe case of antisocial personality disorder [ predatory disregard for and
violation of the rights of others – hence, those sophomoric soundbite solutions
to complex problems as, ie., taking oil fields(Libya), 25% tariff on Chinese
(actually including american goods made in China) goods, drug money laundering
in his casinos, bribery, etc. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
In a rational nation that wasn’t in
decline as pervasively corrupt, defacto bankrupt america, trump and sister
Maryanne would both be in prison.
'Terrible
student,' not good enough for Harvard... Biden daughter
trashes Trump...
Bill Cosby:
'He's full of it!'...
Trump
Takes On NYT, Gail Collins...
Admires
her for surviving 'so long with so little talent'...
NBCWSJ
POLL SHOCK: TRUMP #2 GOP [ NBC where t_rump has his
Jerry Springer derivative shock-jock show and sinkhole new york's fraud street
journal … poll? … Don't make me laugh …
Lawrence O'Donnell insists parent company NBC
consider firing Donald Trump DC Milbank:
Donald
trumps CPAC | Gibbs
gone (WP) [
Trump’s a loser, dressed up and propped up by and to shill for a
declining, fallen nation in the most corrupt regions (ie., new york, jersey,
etc.) of the country (every fallen nation has such)… Poll:
31% of Republicans, say Trump would make a “poor” or “terrible” president
States
face shortfall for retirees (Washington Post) Public workers’ retirement funds had a gap of $1.26 trillion at
the end of fiscal 2009, a report says.
Study:
Affordable rentals scarce
(Washington Post) Share of
renters who spend more than half their income on housing is at its highest
level in half a century.
Poll:
For Obama, low marks on Afghan war (Washington Post) More Americans disapprove of President
Obama’s management of the war in Afghanistan than support it, according to a
new Washington Post-ABC News poll, a finding that reflects the public’s broader
concern over the course of the nearly decade-old conflict.
Fuel
prices cut into Obama popularity
(Washington Post) As gas prices
bite into household incomes, Obama’s support takes a hit, according to new
poll. The high fuel price dynamic is
the slow / now faster motion, long predicted hyperinflationary consequence of
failed fed, administration, congressional economic / financial / fiscal policy
that essentially has been interposed for the (short-term particularly) benefit
of the frauds on wall street (The frauds on
wall street et als should be criminally prosecuted, jailed, fined, and
disgorgement imposed), and have used the mideast turmoil to obfuscate their
failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Return of Inflation: 5 Worrying Signs From Friday's NY Times
Index
Fund Rip-Off? Bartalos ‘Would you pay $5 for something that costs $1? Not
if you could help it. However, that’s precisely what many investors are doing.
American
Stock Ownership Declines
24 Signs Of
Economic Decline In America ‘The United States is in the middle of a
devastating long-term economic decline and it is getting really hard to deny
it. Over the past year I have included literally thousands of depressing
statistics in my articles about the U.S. economy. The
Economic Collapse April 23, 2011 The United States is in the middle of a devastating
long-term economic decline and it is getting really hard to deny it. Over
the past year I have included literally thousands of depressing statistics in
my articles about the U.S. economy… the U.S. economy is in deep decline and is
dying a little bit more every single day…
Poll:
Egyptians skeptical about U.S.
Egyptians have an unfavorable view of the U.S., but they are also
divided over Islamic fundamentalists. (Washington Post) [ Hey! … Guess what? … americans and the
rest of the world (except zionist israel, zionists, and old biddy britain) are
skeptical and have an unfavorable view of america. The Economic Collapse: 24 more signs of economic decline in
America…
#1 On Monday, S&P altered its outlook on U.S.
government debt from “stable” to “negative” ..at the rest of the world is
losing faith in the U.S. dollar and in U.S. Treasuries.
#2 China has
announced reducing their holdings of U.S. dollar
#3 .. “panic
dollar selling is setting in” and U.S. dollar in for a huge decline.
#4 The biggest bond fund in the world, PIMCO, is now shorting U.S. government bonds.
#5 This cruel economy is causing “ghost towns” to
appear all across the United States..
#6 There are now about 7.25
million less jobs in America than when the recession began back in 2007.
#7 The average American family is having a really tough time right
now. Only 45.4% of Americans had a job during 2010. .
#8 Only 66.8% of American men had a job last
year. That was the lowest level ever ..
#9 According to a new report from the AFL-CIO, the
average CEO made 343 times more money than the
average American
#10 Gas prices reached five dollars per gallon at a gas station in Washington, DC
on April 19th, 2011. .. $6 gas soon
#11 .. 12 months the average price of gasoline in the
United States has gone up by
about 30%.
#12 Due to rising fuel prices, American Airlines lost a staggering $436 million during the first quarter of
2011.
#13 U.S. households are now receiving more income from
the U.S. governmentthan
they are paying to the government in taxes.
#14 1 of 4
dollars that the U.S. government borrows goes to pay the interest on the national debt.
#15 Total home mortgage debt in the United States is
now about
5 times larger than it was just 20 years ago.
#16 Total credit card debt in u.s. more than 8 times larger
than 30 yrs ago.
#17 Average household debt in the United States has
now reached a level of 136% of average household income. In China,
average household debt is only 17% of average household income.
#18 The average American now spends approximately 23 percent
.. on food and gas.
#19 .. 74 percent of Americans said that they
planned to slow down their spending in coming months
#20 59 percent u.s. receive money from the
federal government ..
#21 average length of unemployment in the U.S. is now an
all-time record 39 weeks.
#22 As the economy
continues to collapse, frustration ..“random acts of violence”…
#23
Some Americans have become so desperate for cash that they are literallypopping
the gold teeth right out of their mouths and selling them to pawn shops.
#24
..u.s. people have been gobbling up larger and larger amounts of
antidepressants and other prescription drugs. ..’ ]
20 Questions for Ben
Bernanke Zero Hedge | The Fed is expected to continue the
QE2 Lite mandate.
Attorney
General Holder defends his tenure
(Washington Post) [ Defending
the indefensible! Yes … there is no defending this ag … He should step down,
forced to resign … Obama
faces fundraising test in California
(Washington Post) [ Test? You mean intelligence test for those
Californians? A cliché, aphorism is apposite: ‘Fool me once, shame on you. Fool
me twice, shame on me’. Now frauds on wall street got value for their bribes;
viz., no prosecution of their continuing nation-destroying frauds, yet cleaning
up the frauds with prosecutions was the presumption upon which their support was predicated , at least in part.
Certainly Hollywood spoke with their academy award for ‘Inside Job’ . Roche 'The
worst part of it ...Obama, who vowed
change, has done almost nothing to fix any of it and in fact continues most of
the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for
Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by
the frauds on wall street ( and declares with oscar in hand that not one high
level wall street exec has been prosecuted … despite ‘earning’ billiions from
the fraud ), the commentator / experts recommend getting rid of the corrupt
eric holder ( what do holder and wobama have in common … wall street money? … a proclivity for
jive-talking / b*** s*** ?...all/some of the above … or is it something else
... . UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. ]
Chernobyl,
25 years later (Washington Post)
Following the nuclear disaster in Japan, the Chernobyl accident has a
particular importance. Japan
declares evacuation zone near nuclear plant (Washington Post) [ Wow! Sounds like a plan! … From the
beginning, as I’ve written on my website, I’ve thought the catastrophic nature
and impact of this disaster to have been underreported at the least … the
Japanese uncharacteristically have adopted somewhat of a ‘if wishing could make
it so’ tact in this sad crisis. Cesium
137 Threat Grows While Corporate Media Remains Mute The hereditary
communist dictatorship in North Korea reports on the spread of radiation from
the Fukushima nuclear plant, but it has all but fallen off the corporate media
radar screen here. Monitoring stations across North Korea from April 11 to 17
detected iodine-131 and cesium-137 in the air above Wonsan in the southeast and
Chongjin in the southeast, according to the country’s state-run media. According
to the Los Angeles Times, seawater near the Fukushima nuclear complex was
recently found to contain “iodine-131 at 7.5 million times the legal
limit”. Something
Odd Is Happening at Reactor Number 4 The operator of the troubled Fukushima
Daiichi nuclear power plant is carefully monitoring the situation at the Number
4 spent fuel pool, where the water temperature is rising despite increased
injections of cooling water. Helen
Caldicott Talks About the Horror of Fukushima Australian physician, author,
and anti-nuclear advocate Helen Caldicott talks about the Fukushima nuclear
catastrophe and what we can expect. It ain’t pretty. Busby:
‘Can’t seal Fukushima like Chernobyl – it all goes into sea’ As world marks
the Chernobyl anniversary, many say that the world has failed to learn the
lessons on nuclear safety that the tragedy provided. RT talks to Professor
Christopher Busby, Scientific secretary of the European Committee on radiation
risks, for a little more insight on 21st century’s most serious nuclear crisis at
Fukushima. Assassinate
Qaddafi? Tyrants Beware – What Goes Around Might Come Around Lindsey Graham
and John McCain, both of the meddling International Republican Institute
implicated in funding and fueling the “Arab Spring” to begin with, have called
for the assassination of Libya’s Qaddafi and members of his inner circle. The
London Telegraph also reported that Foreign Secretary William Hague refused to
rule out using US drones to assassinate Qaddafi. TEPCO
finds radioactive concrete emitting 900,000 microsieverts per hour of nuclear
radiation The operator of the damaged Fukushima Daiichi nuclear power plant
says that concrete debris emitting a high level of radiation has been found
near the Number 3 reactor.
With
Barbour now out, new questions for GOP
(Washington Post) THE TAKE | Decision sets off scramble for parts of his
financial and political network and raises questions about challenges party
faces in unseating Obama.
Poll:
For Obama, low marks on Afghan war (Washington Post) [ If only ‘wobama the b’ (for b*** s***) had
been a man of his word and stopped these nation-bankrupting, murderous wars. ]
Drudgereport: TRUMP: Obama Not
Worthy of Ivy Leagues... [ Talk about the pot calling the kettle
black … trump’s b.s., low grade (penn) ivy league (courtesy of papa mobster
trump who ‘twisted his arm to go’ so people would take him ‘seriously’ – papa
mobster trump would pound the undistinguished academically / athletically
donald with the mantra, ‘you’re a killer, you’re a king’ in film noir
melodramatic fashion which proved too much for the more balanced and ‘chosen /
favored’ elder brother trump who committed suicide. The old man also required
trump to go to prep / military / boarding school where according to a
classmate, Ted Levine, trump used to wet / pee in his bed. ) vegetable garden in the same manner as
dumbya bush … mobster trump and people like trump are part of the problem
(total b*** s***, fraud, etc., as in his home turf, mob-infested sinkholes,
jersey / new york), not the solution. Indeed, trump is an interesting mental
case in that he evolved from narcissist (those inflated grandiose moods coupled
with feelings of inferiority – he loved to obsessively read those hitler
speeches for inspiration and to pump himself up according to Ivana Trump) to
severe case of antisocial personality disorder [ predatory disregard for and
violation of the rights of others – hence, those sophomoric soundbite solutions
to complex problems as, ie., taking oil fields(Libya), 25% tariff on Chinese
(actually including american goods made in China) goods, drug money laundering
in his casinos, bribery, etc. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
In a rational nation that wasn’t in
decline as pervasively corrupt, defacto bankrupt america, trump and sister
Maryanne would both be in prison.
'Terrible
student,' not good enough for Harvard... Biden daughter
trashes Trump...
Bill Cosby
slams: 'He's full of it!'...
Trump
Takes On NYT, Gail Collins...
Admires
her for surviving 'so long with so little talent'...
NBCWSJ
POLL SHOCK: TRUMP #2 GOP [ NBC where t_rump has his
Jerry Springer derivative shock-jock show and sinkhole new york's fraud street
journal … poll? … Don't make me laugh …
Lawrence O'Donnell insists parent company NBC
consider firing Donald Trump Daily Caller ...
Milbank: Donald
trumps CPAC | Gibbs
gone (Washington Post) [ Trump’s a loser, dressed up and propped up
by and to shill for a declining, fallen nation in the most corrupt regions
(ie., new york, jersey, etc.) of the country (every fallen nation has
such)… Poll:
31% of Republicans, say Trump would make a “poor” or “terrible” president
Islamic Group with British Intelligence Links Threatens
Royal Wedding Kurt Nimmo | Muslims Against Crusades
has reportedly told Princes William and Harry to “watch your backs.”
Media Distorts Truth To Propagandize For NATO-Backed War
On Syria Paul Joseph Watson | Another contrived
“humanitarian” war is in the making.
Modern British Royalty: Eugenicists, Nazis and Neo-Feudalists
Steve Watson & Alex Jones | The upcoming royal
Wedding of William Mountbatten-Windsor, heir in waiting to the British throne
has the UK media in a frenzy.
Waking Up to Economic Realities Ron
Paul | Even the most conservative budget that has been proposed by
Republican leadership requires raising the debt ceiling.
Busby: Fukushima Explosion Was Nuclear Kurt
Nimmo | Scientist says situation at Fukushima far worse than
Chernobyl.
MI5
Intelligence Front Threatens Royal Wedding To Justify Banning Protest Once
again, the corporate media rolls out a scary story about Islamists threatening
the state, this time represented by the British royal family.
Media
Distorts Truth To Propagandize For NATO-Backed War On Syria Despite the
fact that western media is completely cut off from entering Syria and therefore
unable to verify reports of hundreds of murders carried out by security forces
loyal to Syrian president Bashar al-Assad, grainy and often misconstrued
YouTube videos have been cited as proof positive that Assad is overseeing a
brutal crackdown on pro-democracy protesters, but a whistleblower living in
Syria has contacted us to express his disbelief at such claims, dismissing them
as little more than fabricated fairy-tales designed to law the groundwork for
yet another NATO-backed military intervention based on contrived “humanitarian”
grounds.
Modern
British Royalty: Eugenicists, Nazis and Neo-Feudalists The upcoming royal
Wedding of William Mountbatten-Windsor, heir in waiting to the British throne
has the UK media in a frenzy of vomit inducing worship and stomach churning
sycophantic fawning. Even the US media is pouring over the royals to such an
extent that commentators have pointed out that had the modern day corporate
media covered the Revolutionary War, it would have firmly supported the
British.
The
Queen Controls The Militaries of Britain, Canada And Australia, She Is The Only
Person Who Can Declare War The Queen is the head and source of all branches
of public power. She is the head of the British armed forces. She can exercise
personal discretion over issues such as appointing the prime minister and
dissolving the parliament, and the only person in Britain being able to declare
war and peace.
CNN
investigation: Obama born in U.S. Was Barack Obama really born in America?
Alex Jones – The
Man, The History “Alex Jones is a model for people to create their own
media,” Michael Harrison, editor of the industry trade magazine Talkers, told
Rolling Stone writer Alexander Zaitchik. “When the history is written of talk
broadcasting’s transition from the corporate model of the 20th century to the
digital, independent model of the 21st century, he will be considered an early
trailblazer.”
Investigator:
Fukushima Blast Was Nuclear Explosion British scientist Christopher Busby,
a researcher on the negative health effects of ionizing radiation, told Russia
Today that one of the explosions at the crippled Fukushima nuclear plant in
Japan was a nuclear explosion, not a hydrogen explosion as widely reported in
the media.
Ron
Paul 2012: Last Chance To Rescue America? With Ron Paul now all but certain
to officially announce his bid for the 2012 presidency, it is imperative that
Americans understand that the Texas Congressman represents the United States’
last hope of preserving its position as a pre-eminent economic superpower and
avoiding a Soviet-style collapse into an abyss of debt, depression and decay.
Drudgereport: Gas
prices rise for 35th straight day...
Climb
6 cents overnight in Michigan...
President's
answer: More taxes...
Gasoline
Futures Highest Since 2008...
TELEPROMPTER
INVENTOR DIES... (Wobama ‘goes in mourning … day of silence
declared’)
Buchanan
to Matthews: 'You're supposed to be a journalist'...
RON
PAUL: HE'S IN!
Killer
Combo of High Gas, Food Prices at 'Key Tipping Point'...
AAA
Sees 18% Increase In Roadside Calls For Drivers Out Of Gas...
$5.69
GALLON IN ORLANDO -- FOR REGULAR...
IMF:
AGE OF AMERICA NEARS END...
Dollar's
Decline Speeds Up...
China
planning to cut U.S. reserves by two-thirds?
Gold
and silver continue to surge...
Reid's
China junket sked kept secret over 'security concerns'...
WASHPOST: If the trip's so dangerous, why are senators
spouses tagging along?
TRUMP: Obama
Not Worthy of Ivy Leagues... [ Talk about the pot calling the kettle
black … trump’s b.s., low grade (penn) ivy league (courtesy of papa mobster
trump who ‘twisted his arm to go’ so people would take him ‘seriously’ – papa
mobster trump would pound the undistinguished academically / athletically,
Donald with the mantra, ‘you’re a killer, you’re a king’ in film noir
melodramatic fashion which proved too much for the more balanced and ‘chosen /
favored’ elder brother trump who committed suicide. The old man also required
trump to go to prep / military / boarding school where according to a
classmate, Ted Levine, trump used to wet / pee in his bed. ) vegetable garden in the same manner as
dumbya bush … mobster trump and people like trump are part of the problem
(total b*** s***, fraud, etc., as in his home turf, mob-infested sinkholes,
jersey / new york), not the solution. Indeed, trump is an interesting mental
case in that he evolved from narcissist (those inflated grandiose moods coupled
with feelings of inferiority – he loved to obsessively read those hitler
speeches for inspiration and to pump himself up according to Ivana Trump) to
severe case of antisocial personality disorder [ predatory disregard for and
violation of the rights of others – hence, those sophomoric soundbite solutions
to complex problems as, ie., taking oil fields(Libya), 25% tariff on Chinese
(actually including american goods made in China), drug money laundering in his
casinos, bribery, etc. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
In a rational nation that wasn’t in decline as pervasively corrupt,
defacto bankrupt america, trump and sister Maryanne would both be in prison.
'Terrible
student,' not good enough for Harvard... Biden daughter
trashes Trump...
Bill Cosby slams: 'He's
full of it!'...
Trump
Takes On NYT, Gail Collins...
Admires
her for surviving 'so long with so little talent'...
NBCWSJ
POLL SHOCK: TRUMP #2 GOP [ NBC
where t_rump has his Jerry Springer
derivative shock-jock show and sinkhole new york's fraud street journal … poll?
… Don't make me laugh … Lawrence O'Donnell insists parent company
NBC consider firing Donald Trump Daily
Caller ... Milbank: Donald
trumps CPAC | Gibbs
gone (Washington
Post) [ Trump’s a loser, dressed up and
propped up by and to shill for a declining, fallen nation in the most corrupt
regions (ie., new york, jersey, etc.) of the country (every fallen nation has
such); of that there is no question …"Over the years I've participated in
many battles and have really almost come out very, very victorious every single
time," the Donald said. (Except for the bankruptc[ies], that is. [ trump’s
never won a battle that wasn’t fixed in advance (including the ‘pre-packaged
bankrupcies’ crammed down the throats of objecting creditors – jersey general ]
He also with his corrupt mob ilk 'chased' Steve Wynn out of jersey – Steve
Wynn's doing extremely well in Macau and Vegas.) "I've beaten many people
and companies, and I've won many wars," he added. (Though he didn't serve
in the military.) "I have fairly [according to mobster rules; ie.,
bribery, money laundering, etc.] but intelligently [ as any other mob boss …
trump is total b*** s***, a fraud, and lightweight … and, despite the façade,
quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of
american decline and part of the problem, not the solution! …trump also said
america’s become the laughingstock of the world … true enough … and trump the
biggest joke … NEWS FLASH: Direct from Lost Angeles
Learning Annex – Presenting mobster t_rump of new yoke, new joyzey, and now
caleefornia mob fame with his continuing message for the past several years:
buy real estate (and watch the values go down…..riiiiight!).
Bank
sues Trump over Chicago tower loan...
Trump
casino to miss interest payment...
trump’s fired (from ‘his own company’)
Gunfire Erupts Inside trump
Taj Mahal Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends
With Employee Killed – What else would you you expect from a mobster’s casino
in mob-infested jersey!
Trump luxury resort folds, leaving buyers
defrauded…litigation has commenced…send for sister maryanne, the corrupt
federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3rd circuit ct
appeals, understands drug money laundering/fraud and handles her own motions to
recuse her and like mobster trump should be in jail ... (see RICO
Case)] earned many
billions of dollars [ at whose expense ], which in a sense was both a scorecard
and acknowledgment of my abilities [ to fool most of the people, all of the
time. ] ." TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... [Don’t make me laugh! … Donald
T_rump Would Impose 25% Tax on China Imports if President [ trump also said america’s become the laughingstock of the world …
true enough … and trump the biggest joke … Indeed, that trump even posits the
possibility of a run when he should be in jail is a testament to just how big a
laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down
to it, this has been america’s most significant export. Indeed, this
irrevocable structural shift, hailed by cia men hw bush and clinton (clinton
couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no
uncertain terms condemned and warned against by Perot, a man of honor who,
unlike his opponents, could not be bought, which is the reason, in pervasively
corrupt america, he could never have been elected. Interestingly, you may have
noticed the good (but not great, other than the spotlight on pervasive bribery
including judges, police, politicians, etc., being far too light) the film ‘The
Untouchables’ getting a wide re-airing of late, purporting to be a significant
part of american folklore / history / culture. However, the reality is that in
america, and certainly today, the real story with impact is that of ‘The
Touchables’. The reality is that Elliot Ness died a broken man; bankrupt,
unable to even win election to the mayoralty of his then current hometown. He
was incorruptible; and hence, in the real america, unelectable at the least if
not also all but unemployable (he and his are among those few genetic anomalies
in america as I’ve previously alluded to. How far america has fallen from even
false perception! Pervasively corrupt, meaningfully lawless america can’t even
fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt
legal / judicial processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
… The pervasively corrupt
american illegal system … corrupt u.s. courts / (lawyers) / 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. ] “I would announce, without
equivocation, a 25% tax increase on anything purchased from China.” ]
Poll:
Egyptians skeptical about U.S.
Egyptians have an unfavorable view of the U.S., but they are also
divided over Islamic fundamentalists. (Washington Post) [ Hey! … Guess what? … americans and the
rest of the world (except zionist israel, zionists, and old biddy britain) are
skeptical and have an unfavorable view of america. The Economic Collapse: 24 more signs of economic decline in America…
#1 On Monday, S&P altered its outlook on U.S.
government debt from “stable” to “negative” ..at the rest of the world is
losing faith in the U.S. dollar and in U.S. Treasuries.
#2 China has
announced reducing their holdings of U.S. dollar
#3 .. “panic
dollar selling is setting in” and U.S. dollar in for a huge decline.
#4 The biggest bond fund in the world, PIMCO, is now shorting U.S. government bonds.
#5 This cruel economy is causing “ghost towns” to
appear all across the United States..
#6 There are now about 7.25
million less jobs in America than when the recession began back in 2007.
#7 The average American family is having a really tough time right
now. Only 45.4% of Americans had a job during 2010. .
#8 Only 66.8% of American men had a job last
year. That was the lowest level ever ..
#9 According to a new report from the AFL-CIO, the
average CEO made 343 times more money than the
average American
#10 Gas prices reached five dollars per gallon at a gas station in Washington, DC
on April 19th, 2011. .. $6 gas soon
#11 .. 12 months the average price of gasoline in the
United States has gone up by
about 30%.
#12 Due to rising fuel prices, American Airlines lost a staggering $436 million during the first quarter of
2011.
#13 U.S. households are now receiving more income from
the U.S. governmentthan
they are paying to the government in taxes.
#14 1 of 4
dollars that the U.S. government borrows goes to pay the interest on the national debt.
#15 Total home mortgage debt in the United States is
now about
5 times larger than it was just 20 years ago.
#16 Total credit card debt in u.s. more than 8 times larger
than 30 yrs ago.
#17 Average household debt in the United States has
now reached a level of 136% of average household income. In China,
average household debt is only 17% of average household income.
#18 The average American now spends approximately 23 percent
.. on food and gas.
#19 .. 74 percent of Americans said that they
planned to slow down their spending in coming months
#20 59 percent u.s. receive money from the
federal government ..
#21 average length of unemployment in the U.S. is
now an
all-time record 39 weeks.
#22 As the economy
continues to collapse, frustration ..“random acts of violence”…
#23
Some Americans have become so desperate for cash that they are literallypopping
the gold teeth right out of their mouths and selling them to pawn shops.
#24
..u.s. people have been gobbling up larger and larger amounts of
antidepressants and other prescription drugs. ..’ ]
Attorney
General Holder defends his tenure
(Washington Post) [ Defending
the indefensible! Yes … there is no defending this ag … He should step down,
forced to resign … Obama
faces fundraising test in California
(Washington Post) [ Test? You mean intelligence test for those
Californians? A cliché, aphorism is apposite: ‘Fool me once, shame on you. Fool
me twice, shame on me’. Now frauds on wall street got value for their bribes;
viz., no prosecution of their continuing nation-destroying frauds, yet cleaning
up the frauds with prosecutions was the presumption upon which their support was predicated , at least in part. Certainly
Hollywood spoke with their academy award for ‘Inside Job’ . Roche 'The
worst part of it ...Obama, who vowed
change, has done almost nothing to fix any of it and in fact continues most of
the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary
on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds
on wall street ( and declares with oscar in hand that not one high level wall
street exec has been prosecuted … despite ‘earning’ billiions from the fraud ),
the commentator / experts recommend getting rid of the corrupt eric holder (
what do holder and wobama have in common …
wall street money? … a proclivity for jive-talking / b*** s***
?...all/some of the above … or is it something else ... . UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘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 '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
| Obama has promised to hold Wall Street accountable for the meltdown. ]
Chernobyl,
25 years later (Washington Post)
Following the nuclear disaster in Japan, the Chernobyl accident has a
particular importance. Japan
declares evacuation zone near nuclear plant (Washington Post) [ Wow! Sounds like a plan! … From the
beginning, as I’ve written on my website, I’ve thought the catastrophic nature
and impact of this disaster to have been underreported at the least … the
Japanese uncharacteristically have adopted somewhat of a ‘if wishing could make
it so’ tact in this sad crisis. Cesium
137 Threat Grows While Corporate Media Remains Mute The hereditary
communist dictatorship in North Korea reports on the spread of radiation from
the Fukushima nuclear plant, but it has all but fallen off the corporate media
radar screen here. Monitoring stations across North Korea from April 11 to 17
detected iodine-131 and cesium-137 in the air above Wonsan in the southeast and
Chongjin in the southeast, according to the country’s state-run media. According
to the Los Angeles Times, seawater near the Fukushima nuclear complex was
recently found to contain “iodine-131 at 7.5 million times the legal
limit”. Something
Odd Is Happening at Reactor Number 4 The operator of the troubled Fukushima
Daiichi nuclear power plant is carefully monitoring the situation at the Number
4 spent fuel pool, where the water temperature is rising despite increased
injections of cooling water. Helen
Caldicott Talks About the Horror of Fukushima Australian physician, author,
and anti-nuclear advocate Helen Caldicott talks about the Fukushima nuclear
catastrophe and what we can expect. It ain’t pretty. Busby:
‘Can’t seal Fukushima like Chernobyl – it all goes into sea’ As world marks
the Chernobyl anniversary, many say that the world has failed to learn the
lessons on nuclear safety that the tragedy provided. RT talks to Professor
Christopher Busby, Scientific secretary of the European Committee on radiation
risks, for a little more insight on 21st century’s most serious nuclear crisis
at Fukushima. Assassinate
Qaddafi? Tyrants Beware – What Goes Around Might Come Around Lindsey Graham
and John McCain, both of the meddling International Republican Institute
implicated in funding and fueling the “Arab Spring” to begin with, have called
for the assassination of Libya’s Qaddafi and members of his inner circle. The
London Telegraph also reported that Foreign Secretary William Hague refused to
rule out using US drones to assassinate Qaddafi. TEPCO
finds radioactive concrete emitting 900,000 microsieverts per hour of nuclear
radiation The operator of the damaged Fukushima Daiichi nuclear power plant
says that concrete debris emitting a high level of radiation has been found
near the Number 3 reactor.
States
face shortfall for retirees (Washington Post) Public workers’ retirement funds had a gap of $1.26 trillion at
the end of fiscal 2009, a report says.
Study:
Affordable rentals scarce
(Washington Post) Share of
renters who spend more than half their income on housing is at its highest
level in half a century.
Poll:
For Obama, low marks on Afghan war (Washington Post) More Americans disapprove of President
Obama’s management of the war in Afghanistan than support it, according to a
new Washington Post-ABC News poll, a finding that reflects the public’s broader
concern over the course of the nearly decade-old conflict.
Fuel
prices cut into Obama popularity
(Washington Post) As gas prices
bite into household incomes, Obama’s support takes a hit, according to new
poll. The high fuel price dynamic is
the slow / now faster motion, long predicted hyperinflationary consequence of
failed fed, administration, congressional economic / financial / fiscal policy
that essentially has been interposed for the (short-term particularly) benefit
of the frauds on wall street (The frauds on
wall street et als should be criminally prosecuted, jailed, fined, and
disgorgement imposed), and have used the mideast turmoil to obfuscate their
failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Davis ) Return of Inflation: 5 Worrying Signs From Friday's NY Times
Return of Inflation: 5 Worrying Signs From Friday's NY Times
Index
Fund Rip-Off? Bartalos ‘Would you pay $5 for something that costs $1? Not
if you could help it. However, that’s precisely what many investors are doing.
American
Stock Ownership Declines
24 Signs Of
Economic Decline In America ‘The United States is in the middle of a
devastating long-term economic decline and it is getting really hard to deny
it. Over the past year I have included literally thousands of depressing
statistics in my articles about the U.S. economy. The
Economic Collapse April 23, 2011
The United
States is in the middle of a devastating long-term economic decline and it is
getting really hard to deny it. Over the past year I have included
literally thousands of depressing statistics in my articles about the U.S.
economy… the U.S. economy is in deep decline and is dying a little bit more
every single day…
With
Barbour now out, new questions for GOP
(Washington Post) THE TAKE | Decision sets off scramble for parts of his
financial and political network and raises questions about challenges party
faces in unseating Obama.
Poll:
For Obama, low marks on Afghan war (Washington Post) [ If only ‘wobama the b’ (for b*** s***) had
been a man of his word and stopped these nation-bankrupting, murderous wars. ]
Drudgereport: TRUMP: Obama
Not Worthy of Ivy Leagues... [ Talk about the pot calling the kettle
black … trump’s b.s., low grade (penn) ivy league (courtesy of papa mobster
trump who ‘twisted his arm to go’ so people would take him ‘seriously’ – papa
mobster trump would pound the undistinguished academically / athletically, Donald
with the mantra, ‘you’re a killer, you’re a king’ in film noir melodramatic
fashion which proved too much for the more balanced and ‘chosen / favored’
elder brother trump who committed suicide. The old man also required trump to
go to prep / military / boarding school where according to a classmate, Ted
Levine, trump used to wet / pee in his bed.
) vegetable garden in the same manner as dumbya bush … mobster trump and
people like trump are part of the problem (total b*** s***, fraud, etc., as in
his home turf, mob-infested sinkholes, jersey / new york), not the solution.
Indeed, trump is an interesting mental case in that he evolved from narcissist
(those inflated grandiose moods coupled with feelings of inferiority – he loved
to obsessively read those hitler speeches for inspiration and to pump himself
up according to Ivana Trump) to severe case of antisocial personality disorder
[ predatory disregard for and violation of the rights of others – hence, those
sophomoric soundbite solutions to complex problems as, ie., taking oil
fields(Libya), 25% tariff on Chinese (actually including american goods made in
China), drug money laundering in his casinos, bribery, etc. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
In
a rational nation that wasn’t in decline as pervasively corrupt, defacto
bankrupt america, trump and sister Maryanne would both be in prison.
'Terrible
student,' not good enough for Harvard... Biden daughter
trashes Trump...
Bill Cosby slams: 'He's
full of it!'...
Trump
Takes On NYT, Gail Collins...
Admires
her for surviving 'so long with so little talent'...
NBCWSJ
POLL SHOCK: TRUMP #2 GOP [ NBC
where t_rump has his Jerry Springer
derivative shock-jock show and sinkhole new york's fraud street journal … poll?
… Don't make me laugh … Lawrence O'Donnell insists parent company
NBC consider firing Donald Trump Daily
Caller ... Milbank: Donald
trumps CPAC | Gibbs
gone (Washington
Post) [ Trump’s a loser, dressed up and
propped up by and to shill for a declining, fallen nation in the most corrupt
regions (ie., new york, jersey, etc.) of the country (every fallen nation has
such)…
Financial Folklore: Tales from Wall Street to Main Street DeLegge April
22, 2011 SAN DIEGO (ETFguide.com) – ‘Throughout the ages, financial folklore
has been handed down from one generation to the next as so-called wisdom. And
our generation has been brainwashed with its fair share of folklore.
Let's consider
some examples.
'Buying a
home is the best investment anyone can make.'
The pummeled
housing market should have put this particular fairy tale to rest, but there
are a few holdouts that haven't gotten the message.
People, for
example, that bought their home decades ago are often cited as proof that
buying a home is still the 'best investment anywhere.' But before we count
their profits, don't forget to deduct their insurance premiums, the cost of
home maintenance, improvements and property taxes. Including these real life
expenses into the equations portrays a far more realistic picture about the
true investment value of home ownership. It's not as good of a deal as you've
been sold.
But the real
test of truthfulness behind this is to ask anyone that's purchased a home or
condominium within the past 10 years. Ask them how profitable their foray into
housing market has been and they'll tell you.
'Max out
your 401(k) plan.'
Overstuffing
your 401(k) plan with lots of money - is a good savings habits - but won't
necessarily help you you're your investments more profitable. Why? It's because
most 401(k) plans offer a diverse menu of rigged investment choices with
unnecessarily high fees. It's the mutual fund industry's best kept
secret.
What about the
wonderful benefits of tax free growth and employer matches? Unfortunately,
these 401(k) features are undermined by consistent underperformance by mutual
fund managers, poor asset allocation decisions by plan members and compounding
fees.
Unless low
cost index funds and ETFs are investment choices inside your 401(k) plan,
overstuffing your 401(k) retirement plan with bloated contributions is probably
not a good idea.
'Only
invest in funds with managers that have a good track record.'
There are
countless examples of how this piece of advice has been proven false more times
than true. But since we don't have countless time or space, let's consider just
one recent example - Philip Jabre.
Jabre is one
of Europe's best known hedge fund managers and after posting a tranquil 3% gain
during 2008's financial crisis, he followed it up with a handsome 46% gain in
2009. Surely investing money with Jabre - a seasoned professional with an
impressive track record - was the smart thing to do, right?
In March,
Jabre bought Japanese stocks (NYSEArca: EWJ - News) on news of the earthquake
but got clobbered when the Nikkei Stock Average tumbled. Instead of staying
calm, Jabre panicked and sold his shares before Japanese stocks bounced back,
which netted his firm $300 million in losses. Hardly anyone could've foreseen
this sort of meltdown from a guy with an amazing track record!
For anyone
confiding in the false comfort of past performance, beware!
'Buy
whatever Warren Buffett is buying.'
In the 1960s
and 70s, youthful groupies would follow their favorite musical bands from city
to city. Today, these same folks have graduated to following the financial
moves made by investing legends like Warren Buffett. Are there guaranteed
profits for those who ape the 'big money?'
Reuters looked
at five recent acquisitions made by Warren Buffett's Berkshire Hathaway (NYSE: BRK-A - News) to test out this theory.
Someone who
bought 100,000 shares in stock in each of Berkshire's acquisition targets 70
days before Buffett announced a deal, would have made money in just three out
of five tries. Not bad, but hardly a sure thing.
In this
simplified case study conducted by Reuters, the reward for aping Warren
Buffett's past five deals - or should we say, beating him to each deal by 70
days - was a complete wash. The profitable trades amounted to a gain of $3.256
million whereas the losses were $3.268 million.
So much for
the false theory that copying financial titans delivers market beating
results.’
Apprehension ahead of Moqtada al-Sadr speech (Washington Post) [ What is he expected to say?:
Thank you america for bombing, invading, and destroying his nation based on a
lie? Thank you america for killing, maiming innocent children, women, and men?
Thank you america for all the depleted uranium you’ve left behind? Thank you
america for removing your america-supported mad-dog tyrant sadam hussein who
foolishly played into his cia handlers’ trap regarding that green light for
Kuwait invasion over the slant-drilling by the latter from April Glasspie. I
don’t think so, and I don’t think the rest of the world nor his fellow Iraqis
think so. ] Lawmakers across Iraq's
political and ethnic spectrums wait for word from anti-American Shiite cleric
Moqtada al-Sadr, saying his first address after returning from nearly four
years of self-imposed exile in Iran would likely say a lot about his approach
to Iraq's government.
Insurer
claims it was misled by Goldman Sachs on investment (Washington Post) [
Talk about understatements. After all, who hasn’t been misled by goldmen sachs
and fraudulent wall street generally, on investments. Don’t forget, the
worthless toxic paper commissioned and cashed out by wall street is still out
there in the trillions now marked to anything.
] One of Goldman's clients says it has sued the bank seeking $120
million in damages.
Milbank:
Getting
creative with the Constitution (Washington Post) [ Constitution? Versions?
Meaningful laws? Why, this is almost analogous or akin to the late idi amin
reading the Ugandan constitution (1995) from his grave, certainly in terms of
folly! ]Constitutionalism
(WP) [ Come on! Constitution … meaningful american law … Don’t make me laugh!
Wake up from the deep american sleep! Going through the motions, flag pins,
etc., ad nauseum, like a bunch of zombies!
] Krauthammer: It's a
promising step to a conservative future. Wash
Post Staffer: Constitution Impossible to Understand Because It’s Over 100 Years
Old [ In a meaningfully lawless society as pervasively corrupt, defacto
bankrupt america, constitution / laws have become irrelevant in application and
effect. After all, even zimbabwe has a constitution / laws, but I dare say no
one would suggest they have any practical effect in reality, as is also so in
america. I therefore believe Mr. Klein is correct but for reasons other than
age and malleability. Indeed, anyone who has written a legal brief and
researched law in support thereof, ultimately realizes that almost invariably
one can find some case / law in support of almost any position. In america
today, it’s the bribe, one way or another, that carries the day and makes the
difference. Ask sam alito et als. That’s just the way it is in a declining,
fallen society as america, zimbawe, etc.. That’s certainly my direct, sworn
experience with these corrupt courts constituting (in large part along with the
other 3 branches) pervasively corrupt, defacto bankrupt america’s illegal
system. Senate convicts Clinton-appointed judge...
[ Come on! One way or another they’re almost all getting bribed; including the
initial lifetime appointment as alito, trump-barry, etc.. 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 ) End those lifetime licenses to steal. ] In earlier
hearings, two attorneys who once worked with Porteous had testified that they
gave him thousands of dollars in cash, including about $2,000 stuffed in an
envelope in 1999, just before Porteous decided a major civil case in their
client's favor. ] Breitbart | On word that the House will open its next session
with a first-ever reading of the U.S. Constitution, blogger Ezra Klein suggests
that the Constitution is irrelevant due to its age and politically-malleable language.
]Eight key economic decisions of the Obama presidency all point in one
direction.
Oh come on! Watch for the fake jobs report from
the ever more desperate, pervasively corrupt, incompetent, failed, defacto
bankrupt u.s. government (all 3 branches)! Who can believe anything they say? …
Drudgereport: WObama the b for b*** s***
calls Gibbs $174,000 salary 'relatively modest' ( Come on! In pervasively
corrupt, defacto bankrupt america, government jobs for the otherwise
unemployable at those levels are over-priced and over-valued, as are other
so-called executive jobs, ie., fraudulent wall street, etc.. Look at their
results! )... …[video]
ADP Data Still Fighting For Credibility [ Come on!
Pervasively mob infested, corrupt jersey based ADP? There’s nothin’ left in
desperation for those b.s. / b.e.(bad economics/finance) talking points and
action to froth the market for the frauds on wall street. This is an especially
great opportunity to sell / take profits because there’s nothin’ there, beyond
the smoke and mirrors. This market’s way over-bought and way over-valued! ] NEW YORK (TheStreet) -- Alan Valdes of DME
Securities says the market focused on the job revision data as ADP is still
viewed with skepticism.
1 in 6 Americans Live in Poverty Tradermark ‘One of the biggest mega trends
happening in America is the bifurcation of society between the haves and the
have nots. Many of the jobs the 'underclass' once did are gone forever, while
others spent freely when times were good, and when the tide turned, have little
buffer. [Dec 8, 2007: Do the Bottom 80% of Americans Stand a
Chance?] After all, saving for a rainy day is what boring people do.
Others really never got off the ground, as the K-12 education system has degraded
dramatically the past few decades.Frankly the underlying trend - as bad as it
is on the surface - has been hidden by multiple bubbles, and most recently,
there has been a level of government assistance never seen before. [Nov 5, 2010: USA Today - Anti-Poverty Programs Surpass
Cost of Medicare] In terms of government spending. This brings up a
host of issues as any changes to the social safety net are going to send
millions past GO and directly to impoverished status (and yes there are people
gaming the system, but not tens of millions). There are myriad societal effects
of the transformation of America from a relative egalitarian society in the
1960s to a 2 or 3 class system - but those are topics for other posts we have
done.The official U.S. government tally of who is living in poverty is a joke.
We last looked at it about 16 months ago [Sep 19, 2009: US Poverty Rises to 11 Year High - But
Still Vastly Understated] For example, if you make $23,000 for a
family of 4 - you are not in poverty. If you are single and make $14,000 you
are not in poverty. I'm not sure in what counties except for rural Mississippi
you can accomplish that cost of living, but apparently the government believes
a middle class lifestyle is available at $25K for a family of 4 in all of
America. Or at least it would be inconvenient to admit otherwise. And yes once
more let me put the caveat that being "poor" in America is different
than being poor in Malawi, but in theory we should be comparing ourselves to
other first world countries.The AP has an interesting report of a new measure
of poverty in the U.S., based on the census. It has a different band of
parameters and shows an increase over the government's incredibly generous
definition of poverty. What is striking is the large increase in those in the
over 65+ camp who fall into poverty. Due to our consumption culture (encouraged
by the government at every turn, since we've transformed our economy from good
producing to services and consumption) many are entering the golden years with
little to nothing.Where once many had their mortgage paid off by the time they
retired and hence could live on a much lower income as their largest expense
was eliminated, now after a generation of serial refinancing and cash out to
finance buying 'what we deserve', many still have the mortgage to worry about even
at age 70+. There are many other factors we've discussed often - i.e. the move
from pensions to do it yourself savings in a country where saving is a sin and
spending is worshiped, the disaster that is the 401k system, etc. Unlike the
mortgage crisis which is playing out in a relative short period of time (6-8
years), this grand economic experiment of running an economy on consumption
& services (you do my nails, I'll cut your hair, you serve me a beer, I'll
cut your lawn, you build a house, I'll default on it) is taking decades to play
out. But we're starting to see the first wave of results the past 5-10 years,
and it's not pretty.Bigger picture, there are enormous stresses being formed at
the bottom end of the society, and more and more are being caught in the net.
Anyone who truly believes there will be any serious spending cuts at the
federal level does not realize the (increasing) dependency that has been
created by the a multitude of poor decisions over the past few decades. Indeed
we fast approach the time when 1 in every 5 dollars of "income" are
government transfers. [May 25, 2010: 1 in 5.5 Dollars of American Income Now Via
Government; All time High] At this point, the genie is out of the
bottle and with a dysfunctional government whose only solution is layer on more
debt to kick the can down the road, our modern day plutonomy only grows in
power. [Sep 7, 2009: Citigroup - America; A Modern Day Plutonomy]
However, there appears nothing to be worried about since we've been well
trained to parrot the fact that as long as the S&P 500 only goes up,
everything in America is fine. Nothing to see here, move along (buy stocks as
you are moving of course).
Via AP
- The number of poor people in the U.S. is
millions higher than previously known, with 1 in 6 Americans --
many of them 65 and older -- struggling in poverty due to rising
medical care and other costs, according to preliminary census
figures released Wednesday.
- At the same time, government aid
programs such as tax credits and food stamps kept many people out of
poverty, helping to ensure the poverty rate did not balloon even higher
during the recession in 2009, President Barack Obama's first year in
office.
- Under a new revised census formula, overall
poverty in 2009 stood at 15.7 percent, or 47.8 million people.
That's compared to the official 2009 rate of 14.3 percent, or 43.6
million, that was reported by the Census Bureau last September.
- Across all demographic groups, Americans
65 and older sustained the largest increases in poverty under the revised
formula -- nearly doubling to 16.1 percent. As a whole,
working-age adults 18-64 also saw increases in poverty, as well as whites
and Hispanics. Children, blacks and unmarried couples were less likely to
be considered poor under the new measure.
- The new measure will not replace the official
poverty rate but will be published alongside the traditional figure this
fall as a "supplement" for federal agencies and state
governments to determine anti-poverty policies. Economists have
long criticized the official poverty measure as inadequate because it only
includes pretax cash income and does not account for medical,
transportation and work expenses. (much like inflation, as
long as you don't eat, use energy, pay for healthcare, or have kids in
college - you are fine. For poverty as long as you don't go to the doctor,
need to drive to work, need daycare, or wear clothes at work - your income
is sufficient)
- "Under the new measure, we can clearly see
the effects of our government policies," said Kathleen Short, a
Census Bureau research economist who calculated the revised poverty
numbers. "When you're accounting for in-kind benefits and tax
credits, you're bringing many people in extreme poverty off the very
bottom."
- The official measure is based on a 1955
cost of an emergency food diet and does not factor in other living costs. (that
is perverse) Nor does it consider non-cash government aid when
calculating income, which surged higher in 2009 during the recession.
- The effect was seen most notably among older
Americans. Under the official poverty rate, about 8.9 percent
lived in poverty, mostly because they benefit from Social Security cash
payments. But when taking into account out-of-pocket medical expenses and
other factors, that number rises to 16.1 percent.
-
- Among the findings:
--Without the earned income tax credit, the poverty rate under the revised formula would jump from 15.7 percent to 17.7 percent. - --The absence of food stamps separately would
increase the poverty rate to 17.2 percent.
--Taking into account millions of uninsured people in the U.S. had little effect in increasing poverty, mostly because those without insurance tend to forgo medical care rather than find ways to pay for it.
[Feb 20, 2009: NYT - Newly Poor Swell Lines @ Food Banks
Nationwide]
[Oct 22, 2010: Reuters - The Haves, the Have Nots, and the
Dreamless Dead]
[Sep 3, 2010: FT.com - The Crisis in Middle America]
[July 26, 2010: [Video] DatelineNBC - America's Increasing
Ranks of Poor]
Unemployment Claims Are Not What They Appear Adler
‘First-time unemployment claims rose by 52,038 to 577,279 in the week that
ended January 1. The Wall Street captive media is, as usual, fudging the
reports by reporting that claims were at 409,000, based on the seasonal hocus
pocus. They report an uptick of 18,000 instead of 52,000. Both Dow Jones and
Bloomberg are emphasizing that the 4 week moving average dropped sharply.
Again, this is based on seasonally adjusted fudge packing.The truth is that
while this year's end of year rise in claims is better than the past two years,
the numbers are still a lot worse than during good economic times. This week’s
jump of 52k compares with a rise of 88,929 in the week that ended 1/2/10. The
chart below shows that the normal seasonal uptrend is at a lower trend level
than the past two years, but well above 2006-2008. The insured unemployment
rate remains well above the 2004-2008 period. However, even that number may be
misleading because it uses a base number comprised of a 6 month average from
the period that ended in June. Because fewer people are now eligible, the
actual rate should be higher.[chart]Because new
claims are limited to those eligible, part of the downtrend in new claims is
due to the millions of persons losing eligibility. To account for that, the
next chart shows new claims as a percentage of those eligible. Here the
improving trend shows evidence of leveling off. The normal seasonal spike at
the beginning of January needs to hold around .053% to keep the downtrend from
the peaks of the past 2 years intact. The green line connects the most recent
week with the same week in prior years. Next week’s data should be the seasonal
peak.[chart]The
Department of Labor calculates the total number of covered employees quarterly,
using a 6 month average. The current figure is based on data from the first
half of 2010, which is not very useful now. However, it does imply that much of
the drop in continuing claims has come from those losing eligibility.[chart]The
following chart shows Continued Claims on an inverse scale, overlaid with stock
prices and Fed securities holdings. The inverse Continued Claims graph is a
directional proxy for total employment. The downtick at this time of year is
normal. The trend remains strong which suggests that the seasonally adjusted
payrolls data tomorrow should be positive. The consensus calls for a gain of
140,000. As I reported in the Wall Street Examiner Professional Edition
Treasury update to subscribers this week, wage tax withholding in December ran
15% ahead of November, but that probably reflects withholding from year end
bonuses rather than a significant increase in employment levels. The year to
year gain was more muted.[chart]It’s pretty
clear from this chart that the Fed is the driver of these trends, but that
other forces are at work causing diminishing returns.Disclosure: I have no positions in any stocks mentioned, and no
plans to initiate any positions within the next 72 hours.’
Expecting Employment Surprise: Dave's Daily ‘There are a lot of wild estimates making the rounds for
employment data Friday. Consensus estimates for new jobs added range from
150-200K, but some whisper numbers are as high as 500K and that would shock
many sectors. Meanwhile stocks were hurt early by poorly received December same
store sales (despite bullish headlines to the contrary) and rebound higher in
Jobless Claims. Nevertheless, the dollar continued to rise as commodity markets
were still selling-off. The buzz remains inflation is heating up particularly
in food and energy so investors fear tightening even as the Fed is engaged in
QE. Now that's interesting!! Bond prices remained rather stable. The Fed tossed
in more POMO
activity Thursday. As that was announced stocks immediately rallied if only
briefly. What a coincidence! In advance of the all-important employment report
volume remained light and breadth negative.’
Are Investors Concerned About Rising Gas Prices? Rotblut
‘Bullish sentiment extended its streak of above-average readings to 18
consecutive weeks in the latest AAII Sentiment Survey. This is the longest such
streak since 2004. The percentage of individual investors expecting stock prices
to rise over the next six months rose 4.3 percentage points to 55.9%. The
historical average is 39%.Neutral sentiment, expectations that stock prices
will stay essentially flat over the next six months, fell 2.5 percentage points
to 25.9%. Neutral sentiment has been below its historical average of 31% for 22
consecutive weeks.Bearish sentiment, expectations that stocks prices will fall
over the next six months, slipped 1.8 percentage points to 18.3%. Bearish
sentiment has been below its historical average of 30% for 15 out of the last
17 weeks.Bullish sentiment remains at historically high levels. One example of
this is the eight-week moving average of bullish sentiment, which is above 51%
for the third consecutive week. (It is at 51.4%.) This measure has not been
higher since January 2005. Other measures also suggest sentiment is running
hot, including the spread between bullish and bearish sentiment (37.6
percentage points) and the standard deviation (bullish sentiment is more than
one standard deviation above the historical mean). High bullish readings have
been correlated with market pullbacks, but other indicators should be analyzed
before predicting where stocks prices are headed.Individual investors are
continuing to feel optimistic about stock prices due to, in part, the sustained
rally and additional signs that the economy is recovering. News of upbeat 2011
forecasts from several market strategists is also playing a role.This week’s
special question asked AAII members whether they are concerned about the
potential impact rising gasoline prices will have the economic recovery.About
half of respondents described themselves as being somewhat worried about rising
prices at the pump. Many did think the economy will grow, though the pace of
the recovery might be slowed. Several members added the caveat that their
concerns are dependent on how high prices actually rise. A small number thought
higher prices would be good for their energy holdings or would increase demand
for fuel-efficient vehicles and other green initiatives. Here is a sampling of
the responses:
- “I believe gasoline must approach $4 per gallon
before having a sizable impact on other parts of the economy.”
- “Higher inflation equals a real tax on
investors. It could be a drag on the economy, but the economy will still
grow.”
- “I’m worried, but I think the recovery can still
proceed, especially if Congress provides some direction for job growth.”
- “I’m not too worried. Higher gas prices will be
a slight drag, but not sufficient to significantly slow down the economy.”
- I’m somewhat worried; higher fuel prices may
slow the economy some, but they may also help the environment.”
This week’s sentiment survey results:
- Bullish: 55.9%, up 4.3 percentage points
- Neutral: 25.9%, down 2.5 percentage points
- Bearish: 18.3%, down 1.8 percentage points
Historical Averages:
- Bullish: 39%
- Neutral: 31%
- Bearish: 30%
The AAII Sentiment Survey has been conducted weekly since July 1987 and asks AAII members whether they think stock prices will rise, remain essentially flat, or fall over the next six months. The survey period runs from Thursday (12:01 a.m.) to Wednesday (11:59 p.m.). The survey and its results are available online.’
Less
Than 35% of All Stocks Are Undervalued Suttmeier ‘ValuEngine now shows that only
34.6% of more than 5,000 stocks are undervalued with 65.4% overvalued. A
reading below 35% may persist for a while, but typically the stock market tops
out when less than 35% of all stocks are undervalued. Fifteen of 16 sectors are
overvalued by 8.6% for Consumer Discretionary to 33.1% for Basic Industries.
Medical is the undervalued sector, but only by 1.4%. The major equity averages
are extremely overbought on both daily and weekly charts. The missing
ingredient for a top is the lack of nearby risky levels for the major averages.
The major equity averages straddle quarterly value levels, pivots and risky
levels favoring a reversal-oriented first quarter – 11,395 Dow, 1162.5 SPX,
2853 NASDAQ, 4671 Transports and 765.50 Russell 2000. The rise in the 30-year
yield above 4.5% is a major drag on equity valuations. With stock market
complacency as high as it is, Comex gold closed below its 50-day simple moving
average at 1380.6 for the first time since August 11. Nymex crude oil is above
this week’s pivot at $88.50. The euro is between its 200-day at 1.3080 and its
50-day at 1.3422, approaching a test of the 200-day. The Dow is well above my
annual pivot at 11,491 without a nearby risky level as the MOJO run continues.
Valuations are stretched with only 16.1% of all stocks undervalued by at least
20%, whereas 33.0% of all stocks are overvalued by more than 20%.[chart](Click
to enlarge)
It is difficult to find stocks to add to the ValuTrader Model
Portfolio as only 76
stocks are rated STRONG BUY or BUY with a market cap of at least five billion
and average daily trading volume of 500,000 shares or more, and projected to
gain at least 7.5% over the next twelve months. There are twelve stocks in the
model portfolio.
Key Levels From My Proprietary Analytics
10-year Note – (3.483) Weekly, annual and semiannual value levels are 3.714,
3.791 and 4.268 with a daily risky level at 3.371. Annual, semiannual and
monthly risky levels are 2.690, 2.441, 2.322 and 2.150.
Comex Gold – ($1373.7) Annual, semiannual and annual value levels are
$1356.5, $1300.6 and $1187.2 with a weekly pivot at $1380.0. Daily, monthly,
quarterly and semiannual risky levels are $1412.74, $1439.0, $1441.7 and
$1452.6.
Nymex Crude Oil – ($90.30) Semiannual and monthly value levels are $87.52 and
$75.74 with a weekly pivot at $88.50. Annual, semiannual and quarterly risky
levels are $99.91, $101.92, $107.14 and $110.87.
The euro –
(1.3149) Monthly and weekly value levels are 1.2805 and 1.2703 with quarterly
and daily pivots at 1.3227 and 1.3358, and semiannual and annual risky levels
at 1.4624, 1.4989, 1.6367 and 1.7312.
Daily Dow:
(11,723) Annual, quarterly, weekly, semiannual, monthly and semiannual value
levels are 11,491, 11,395, 11,334, 10,959, 10,427 and 9,449 with a daily pivot
at 11,687, and annual risky level at 13,890.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.’
Retailers
hold down stocks ahead of jobs data (Reuters) - Stocks
slipped on Thursday as soft retail sales and a sharp rise in the dollar left
investors edgy a day before December's U.S. employment report.
Doug Casey:
Prepare for Social Upheaval LewRockwell.com | The big
question is not, “Can it happen here?” but, “Will it?” Or maybe, simply,
“When?”
Fed
May Keep Easing at ‘Full Throttle’ Until Decline in Unemployment Rate Bloomberg | Federal Reserve officials signaled they’ll
probably push ahead with unprecedented stimulus until the recovery strengthens
and many of the 15 million unemployed Americans find work.
Why
Are Taxpayers Subsidizing Facebook, and the Next Bubble? The New York Times | Is another bubble being formed
by ‘too big to fail’ Goldman-Sach’s valuation of FaceBook?
Record
high food prices stoke fears for economy Reuters | Record high food prices are moving to the top of
policymaker agendas, driven by fears they could stoke inflation, protectionism
and unrest and dent consumer demand in key emerging economies.
Alex
Jones: DEA uses drug war to spy worldwide [ Well, I don’t know about the spying, but the DEA certainly isn’t
serious about putting a real dent the illegal drug trade inasmuch as they’re
hands off the connected u.s. government connected illegal drug ops, ie., cia,
etc., (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) http://albertpeia.com/FBIAgentAffidavit11.jpg http://albertpeia.com/CIAAgentAffidavit1.jpg ] Russia Today | The
United States government allegedly infused drugs into our inner cities in order
to keep minorities down and destabilize world governments.
Drudgereport:
Congresswoman calls
Afghanistan 'national embarrassment'...
'Epic
failure'... Rep. Lynn Woolsey (D-CA) talks about the
"disastrous" war that is Afghanistan. "This war represents an
epic failure, a national embarrassment and a moral blight," Rep. Woolsey
said. [ But more than that, this war is a blowback-creating, self-perpetuating,
self-destructive, self-defeating, colossally expensive debacle benefiting only
the war profiteers / lobbies and attendant frauds while diverting attention
from the more ’mundane’ tasks of governance of a failing, pervasively corrupt,
defacto bankrupt nation, viz., america. ]
PENTAGON BUDGET SLASH [
Riiiiight! … What’s $80 billion on a trillion dollar tab especially with those
off-budget special items whenever they so choose. ]: OBAMA TO CUT TROOPS ON ACTIVE DUTY
FEDS BREAK GROUND ON SUPER
SPY CENTER (Riiiiight! More spending on those ultra-efficient super-spies, ie.,
Iraq on a lie, illegal drug ops, 9-11 NORAD ordered to stand down, etc., though
u.s. defacto bankrupt)...
New Miami Police peeping
drone may be first in country; ACLU approves...
Man Arrested for Having
'Suspicious' Bagel on Plane...
Ex-CIA officer charged with
leak to NYT reporter...
Packages Cause
'Flash Explosions' At 2 State Gov't Buildings in MD...
One addressed to
Gov...
US Treasury asks Congress to
lift debt ceiling...
Obama calls Gibbs $174,000
salary 'relatively modest' ( Come on! In pervasively corrupt, defacto bankrupt
america, government jobs for the otherwise unemployable at those levels are
over-priced and over-valued, as are other so-called executive jobs, ie.,
fraudulent wall street, etc.. Look at their results! )...
As
euro zone expands, tension remains between weak, strong (Washington Post) [
Sounds like a scenario analogous to that in the USSAD, united soviet states of
american disunity. After all, how can you justify fraudulent (ie., wall street,
etc.) national sinkholes as mob corrupted new york, mob-infested, pervasively
corrupt jersey, etc..] German deficit
hawks gained an ally Saturday when Estonia became the 17th member of the euro
zone.
U.N.
group warns of possible food crisis (Washington Post) [ Possible? How ‘bout
it’s already begun and hence, inevitable particularly since worldwide with few
exceptions in looking to the u.s. as analogous to the self-destructive
compulsion of an addict or drunk they’ve jumped on the american crazy train,
from perpetual wars, to profligate spending, to over-printing of fiat paper
currencies, to mark to anything burial and cover-up and no-pros of fraudulent
paper schemes of the fraudulent wall street ilk / variety, etc. ] The Food and Agricultural Organization said
Wednesday that the world faces a "food price shock" after the
agency's benchmark index of farm commodities prices shot up last month.
IRS
ombudsman: Heavy hand isn't working (Washington Post) [ Heavy hand, indeed;
but in reality, a weak one at that BECAUSE, you can’t pay what you don’t have …
then again, many people are wondering just what they’re paying for in these
admittedly hard times; viz., perpetual and protracted wars, bailouts for the opulent
frauds on wall street, profligate spending, rich plushly accoutered federal
jobs for slugs of different stripes and failed performance, etc.. ] By making it harder for taxpayers to get
back on their feet, the IRS might actually reduce long-term tax collections, an
in-house report says.
Fed
will be in watch mode (Washington
Post) [ Riiiiight! … That eternally vigilant friend only of fraudulent wall
street fed … ‘watch’ … as in boob tube? How
the (‘no recession’ as per fed) recession (ongoing and great as in depression)
imploded states' finances see infra) After a tumultuous 2010, what's on tap
for Ben S. Bernanke and the Federal Reserve in 2011?
Fed's
bond-buying strategy looks likely to run its course (Washington Post)
[ Neither rain, nor sleet, but only
depletion of trees for current and prospective fiat paper currency printing can
keep the no-recession-fed from their wall street obsessive market-frothing rounds
(which will end quite badly … as such always has … and always will). ] Federal Reserve officials appear unlikely
to stop their controversial strategy of buying Treasury bonds.
Agency extends Afghan food-supply contract
for firm that hired former director (Washington Post) [ Almost, but not quite as bad as what I
experienced with the pervasively corrupt american illegal system:
- Newly appointed judge, Maryanne Trump
Barry, Donald Trump’s sister, was assigned the RICO case despite the
conflict of interest in light of hundreds of thousands of dollars of
illegal (drug) money being laundered through the Trump casinos by the RICO
defendants, and despite my motion to recuse her which motion she heard
herself and denied, and U.S. Trustee Hugh Leonard with whom I met
personally refused to join or file a separate motion to recuse and not
long thereafter left said office for private practice at Cole, Shotz, et
als on retainer with the RICO defendants as his primary client.
- Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being 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. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.
October 15, 2010 (*see infra)
Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the
Qui Tam provisions of the Federal
False Claims Act probably would apply and I would absent resolution seek to
refer the within to a firm with expertise in that area of the law with which I
am not familiar).
The document in 5 pages under penalty of
perjury I was asked to forward to the FBI office in New Haven is probably the
best and most concise summary of the case
RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm . With regard to the
calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA
office and I was referred to the Long Beach, CA office where I personally met
with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the
money laundering which he confirmed as indicative of same (he was transferred
from said office within approximately a month of said meeting and his location
was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron
Barndollar and we remained in touch for in excess of a decade until he abruptly
retired (our last conversation prior to his retirement related to the case and
parenthetically, Rudy Giuliani whose father I stated had been an enforcer for
the mob to which he registered disbelief and requested I prove it, which I did
– he served 12 years in prison, aggravated assault/manslaughter? – and no,
there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In contradistinction
to the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
- A judgment had been entered in my
favor in the case, United States District Court Case
#3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess
of $300,000 remains unaccounted for and which could be used for payment to
creditors, Los Angeles, etc..
- Counsel Robert Sullivan on my behalf
documented by way of certification upon investigation that Alan Shiff,
USBCJ, had falsely stated a dismissal upon which false statement he
predicated a retaliatory and spurious contempt proceeding against me
causing substantial damage, and for which he sought Judicial Notice of
those and related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice
by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice
on Coan’s Failure to File Page 1 Page 2 ]
- Defendant Coan had filed an action
against me to prevent me from suing him which necessitated me to fly to
Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief
Judge, USDC, District of Connecticut, who denied Coan’s requested relief
as to Coan but precluded my action against Shiff (although there is no
immunity, judicial or otherwise, for criminal acts, ie., fraud connected
with a case under Title 11, USC, etc.) . [ transcript in pertinent part
- crossexamofcoanbypeia.pdf ]
- Newly appointed judge, Maryanne Trump
Barry, Donald Trump’s sister, was assigned the RICO case despite the
conflict of interest in light of hundreds of thousands of dollars of
illegal (drug) money being laundered through the Trump casinos by the RICO
defendants, and despite my motion to recuse her which motion she heard
herself and denied, and U.S. Trustee Hugh Leonard with whom I met
personally refused to join or file a separate motion to recuse and not
long thereafter left said office for private practice at Cole, Shotz, et
als on retainer with the RICO defendants as his primary client.
- Probative and evidentiary documents,
affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes
in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan
Lacey with whom I met personally at the U.S. Attorney’s Office in Newark,
N.J., at which time Samuel Alito was U.S. Attorney, and went over said
documents and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In addition to being
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. As much as I hate the mob, it truly was funny, if not so
tragic.], Alito is also
corrupt (and maybe corrupt because he is inept). After a reasonable (but
still rather short) time I called to determine the status and was told
that Alito was no longer with the Office of the U.S. Attorney, that he was
(appointed) a federal judge, and that neither the documents nor any file
or record of same could be located. Alito did parley the same / cover-up
into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and neither LA, nor
creditors, nor I should continue to have been damaged by this brazened corrupt
and illegal scenario, which should be resolved in accordance with the
meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with
the line, computer connection may be the reason but I hesitate to chance
greater non-performance / worsening by their ‘fix’ so cell phone best for
contact).
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. ]
Protection
bureau to hire general's wife (Washington Post) [ Wow! Sounds like a plan! Talk about insiders and concentrations
of power. After all, would you argue with anything sweet Holly Polly Petraeus
proffered with the full weight of the military behind her. Somehow, though I’m
not goin’ to talk ‘bout smell tests here (you know, that ‘weight of the
military thing’), there seems to be something amiss, not quite right here,
‘cause what and why Hollywood do this or that …’ ] Holly Petraeus will lead Consumer Financial Protection Bureau's
Office for Service Member Affairs.
Regional
unemployment edges down in November (Washington Post) [ No surprise there with the layer upon layer
of bureaucracy, including the alphabet soup kitchens, viz., cia, nsa, dod, doj,
etc., whose ranks can include loads of temps, gophers, waiters, ‘runners’, (you
know, make-shift / make-work jobs, etc., to froth numbers, despite the nation’s
defacto bankruptcy and reality beyond the bubble.
Jobless
Recovery?: 25 Unemployment Statistics That Are Almost Too Depressing To Read ‘…
Unemployment is up again! That’s right – even though Wall Street is swimming in
cash and the Obama administration is declaring that “the recession is over”,
the U.S. unemployment rate has gone even higher. So are you enjoying the
jobless recovery? Economic
Collapse Blog Dec 4, 2010 ‘Guess what? Unemployment is up
again! That’s right – even though Wall Street is swimming in cash and the
Obama administration is declaring that “the recession is over”, the U.S.
unemployment rate has gone even higher ... Times are really, really tough and
unfortunately the long-term outlook is very bleak. We should have
compassion on those who are out of work right now, because soon many of us may
join them.
The following
are 25 unemployment statistics that are almost too depressing to read….
#1 According to the Bureau of Labor Statistics, the
U.S. unemployment rate for November was 9.8
percent. This was up from 9.6 percent in October, and it continues a
trend of depressingly high unemployment rates. The official unemployment
number has been at 9.5 percent or higher for well over a year at this point.
#2 In November 2006, the “official” U.S. unemployment
rate was just 4.5
percent.
#3 Most economists had been expecting the U.S. economy
to add about 150,000 jobs in November. Instead, it
only added 39,000.
#4 In the United States today, there are over 15
million people who are “officially” considered to be unemployed for
statistical purposes. But everyone knows that the “real” number is even
much larger than that.
#5 As 2007 began, there were just over 1 million
Americans that had been unemployed for half a year or longer. Today,
there are over
6 million Americans that have been unemployed for half a year or longer.
#6 The number of “persons not in the labor force” in
the United States recently
set another new all-time record.
#7 It now takes the average unemployed American over
33 weeks to find a job.
#8 When you throw in “discouraged workers” and
“underemployed workers”, the “real” unemployment rate in the state of California
is
actually about 22 percent.
#9 In America today there are not nearly enough jobs
for everyone. In fact, there are now approximately
5 unemployed Americans for every single job opening.
#10 According
to The New York Times, Americans that have been unemployed for five weeks
or less are three times more likely to find a new job in the coming month than
Americans that have been unemployed for over a year.
#11 The U.S. economy would need to create 235,120
new jobs a month to get the unemployment rate down to pre-recession levels
by 2016. Does anyone think that there is even a prayer that is going to
happen?
#12 There are 9
million Americans that are working part-time for “economic reasons”.
In other words, those Americans would gladly take full-time jobs if they could
get them, but all they have been able to find is part-time work.
#13 In 2009, total wages, median wages, and average
wages all
declined in the United States.
#14 As of the end of 2009, less than 12 million
Americans worked in manufacturing. The last time that less
than 12 million Americans were employed in manufacturing was in 1941.
#15 The United States has lost at least 7.5
million jobs since the recession began.
#16 Today, only
about 40 percent of Ford Motor Company’s 178,000 workers are employed
in North America, and a big percentage of those jobs are in Canada and
Mexico.
#17 In 1959, manufacturing represented 28
percent of U.S. economic output. In 2008, it represented 11.5
percent.
#18 Earlier this year, one poll found that 28% of all American households had at least one member that
was looking for a full-time job.
#19 In the United States today, over
18,000 parking lot attendants have college degrees.
#20 The United States has lost a staggering
32 percent of its manufacturing jobs since the year 2000.
#21 As the employment situation continues to stagnate,
millions of American families have decided to cut back on things such as
insurance coverage. For example, the percentage of American households
that have life insurance coverage is at its lowest level in
50 years.
#22 Unless Congress acts, and there is no indication
that is going to happen, approximately 2 million Americans will stop receiving unemployment checks over the next
couple of months.
#23 A poll that was released by the Pew Research Center
back in June discovered that an
astounding 55 percent of the U.S. labor force has
experienced either unemployment, a pay decrease, a reduction in hours
or an involuntary move to part-time work since the economic downturn
began.
#24 According to Richard McCormack, the United States
has lost over
42,000 factories (and counting) since 2001.
#25 In the United States today, 317,000
waiters and waitresses have college degrees.
But this is
what we get for creating the biggest debt
bubble in the history of the world. For decades we have been digging
a deeper hole for ourselves by going into increasingly larger amounts of
debt. In America today, our entire economy is based on debt. Even
our money
is debt. We were fools if we ever thought this could go on forever.
Just think about it. Have you ever gone out and run up a bunch of
debt? It can be a lot of fun sitting behind the wheel of a new car,
running your credit cards up to the limit and buying a beautiful big house that
you cannot afford. But in the end what happens? It always catches up with you.
Well, our collective debt is starting to catch up with us. There is a sea
of red ink on every level of American society. It is only a matter of
time before it destroys our economy. IF YOU THINK THAT
THINGS ARE BAD NOW, JUST WAIT. THINGS ARE GOING TO GET A WHOLE LOT
WORSE. A HORRIFIC ECONOMIC COLLAPSE IS COMING, AND IT IS GOING TO BE
VERY, VERY PAINFUL.’
Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is
a complete disaster," Howard Davidowitz declared here in July,
the most recent in a string of dire predictions from
Tech Ticker's most entertaining guest.On the eve of Thanksgiving, I asked
Davidowitz if he had any regrets, or was ready to throw in the towel given recent signs of
economic revival. Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent
in his views on President Obama, calling him "deranged, dysfunctional and
discredited."Results of the midterm election show "the people of this
country think we are in a catastrophe," he says. "I'm with
them."Check the accompanying video for more of Howard's unfettered
opinions and stay tuned for additional clips from
this interview. And...Happy Thanksgiving! Aaron Task is the host of Tech
Ticker. You can follow him on Twitter at @atask or email him at
[email protected]’
Timid
Tuesday: Is it Safe? Davis
‘… This is how we pay off our current debts and I think bondholders are
simply happy to get anything out of a country that admits it owes $15Tn (1/4 of
global GDP) but probably owes closer to $60Tn (entire global GDP) in the form
of unfunded liabilities. The funniest thing about this (and you have to laugh)
is to see Conservative pundits get on TV and talk about how we need to cut
$100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT
THERE! ‘
] The Washington region's unemployment
rate dipped only slightly in November from a year ago.
New
Congress, old style (Washington
Post) [ Come on! It’s articles like
this, particularly lately by Mr. Milbank, that’ve been hurting my eyes and ears. One party /
administration more corrupt than another in pervasively corrupt, defacto
bankrupt america? You’d need a micrometer to discern the difference. Those dogs
don’t hunt no more. It’s not so long ago that one can’t remember (Reagan /
bush) Iran Contra (which was just another excuse for operatives / cia / etc.,
to enrich themselves via illegal drug trade / arms which they’d do anyway but
wrap themselves in the flag as so-called patriots for legal protection, ie.,
that so-called purported ‘technicality’ (bribe) that threw out knucklehead
accomplice ollie north’s felony, etc., dumbya bush’s war crimes, war on a lie,
wall street’s rampant and protected fraud, war profiteering, the clinton
scandalous, etc., years. All three branches of the u.s. government are
hopelessly and pervasively corrupt. (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . But, let us also grudgingly admit that any
accusation of corruption in american government is at least on its face, true;
because, it really is true despite the concomitant reality of the ‘pot calling
the kettle black’ scenario. ] Milbank: The new
GOP majority and its leader, Eric Cantor, are acting a lot like the Dems they
beat.
Short-Term, High-Probability Mean-Reversion Indicator:
Overbought Readings Continue to Increase Crowder ‘It was the best
start to a year in over seven years, but I am not sure how long Monday’s gain
will last, at least over the short-term.According to my High-Probability,
Mean-Reversion overbought/oversold indicator, most of the ETFs I follow have
pushed into a short-term “overbought” to “very overbought” state. As I have
stated ad nauseum, when this many ETFs hit a short-term extreme the market
typically takes a short-term reprieve (1-3 days).The XLB
position that is currently held in the High-Probability, Mean-Reversion
strategy moved in the red Monday although it was only a slight move. The
position, in my opinion, still looks rather well-positioned given the
short-term extreme overbought state of the market and XLB.Since I placed the
trade there have been some incredibly large positions taken in XLB. Someone
sure thinks the Materials sector (XLB) is headed south. Check it out here.The year ended with some nice gains as
the High-Probability, Mean-Reversion strategy made 9.7% gains for the month to
follow up the 3.7% in November. Not bad for the first two months of the
strategy. Hopefully 2011 will bring allow for more gains in the strategy.As I
stated last week, going back over the last seven years, if you purchased QQQQ on the 8th trading day of January and
held until the end of the month, you would have had returns of -2.3%, -3.1%,
-2.3%, -2.7%, -4.1%, -1.6% and -7.7%. The median maximum gain during those
trades was +0.7% compared to a median draw down of -5.3%.
Short-Term High-Probability, Mean-Reversion Indicator – as of
close 1/03/10
Benchmark ETFs
* S&P 500 (SPY)
– 86.5 (very overbought) / RSI (2) – 96.5
* Dow Jones (DIA)
–79.5 (overbought)
* Russell 2000 (IWM)
– 71.4 (overbought)
* NASDAQ 100 (QQQQ)
– 74.5 (overbought)
Sector
ETFs
*
Biotech (IBB)
– 62.5 (neutral)
* Consumer Discretionary (XLY)
– 70.5 (overbought)
* Health Care (XLV)
– 72.5 (overbought)
* Financial (XLF)
– 84.2 (very overbought)
* Energy (XLE)
– 89.5 (very overbought) / RSI (2) – 98.8
* Gold Miners (GDX)
– 48.5 (neutral)
* Industrial (XLI)
– 80.1 (very overbought)
* Materials (XLB)
– 91.4 (very overbought) / RSI (2) – 95.7
* Real Estate (IYR)
– 85.8 (very overbought) / RSI (2) – 96.0
* Retail (RTH) – 76.2
(overbought)
* Semiconductor (SMH) – 61.8
(neutral)
* United States Oil Fund (USO)
– 64.1 (neutral)
* Utilities (XLU)
– 68.3 (neutral)
International
ETFs
*
Brazil (EWZ)
– 82.0 (very overbought) / RSI (2) – 98.7
* China 25 (FXI)
– 72.2 (overbought)
* EAFE (EFA)
– 77.4 (overbought)
* South Korea (EWY)
– 91.9 (very overbought) / RSI (2) – 99.1
Commodity
ETFs
*
Gold (GLD) – 64.9 (neutral)
Ultra
Extremes
* Small Cap Bear 3x (TZA)
– 24.6 (oversold)
* Small-Cap Bull 3x (TNA)
– 74.1 (overbought)
* UltraLong QQQQ (QLD) –
75.4 (overbought)
* Ultra Long S&P 500 (SSO)
– 90.2 (very overbought)
* Ultra Short S&P 500 (SDS)
– 10.7 (very oversold)
* UltraShort 20+ Treasury (TBT)
– 43.5 (neutral)
Disclosure: I am short XLB.’
China
Stocks’ Best Forecaster Predicts Further Slump in 2011
What it took to get the defense spending bill
passed (Washington Post) [ Given the defacto bankrupt status of the
nation, I’d say, like the unprecedented and insurmountably great national debt,
unprecedented and insurmountably great stupidity. Drudgereport: NATIONAL DEBT TOPS $14 TRILL
Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is
a complete disaster," Howard Davidowitz declared here in July,
the most recent in a string of dire predictions from
Tech Ticker's most entertaining guest.On the eve of Thanksgiving, I asked
Davidowitz if he had any regrets, or was ready to throw in the towel given recent signs of
economic revival. Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent
in his views on President Obama, calling him "deranged, dysfunctional and
discredited."Results of the midterm election show "the people of this
country think we are in a catastrophe," he says. "I'm with
them."Check the accompanying video for more of Howard's unfettered
opinions and stay tuned for additional clips from
this interview. And...Happy Thanksgiving! Aaron Task is the host of Tech
Ticker. You can follow him on Twitter at @atask or email him at
[email protected]’
Timid
Tuesday: Is it Safe? Davis ‘… This is how we
pay off our current debts and I think bondholders are simply happy to get anything
out of a country that admits it owes $15Tn (1/4 of global GDP) but probably
owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities.
The funniest thing about this (and you have to laugh) is to see Conservative
pundits get on TV and talk about how we need to cut $100Bn worth of
discretionary spending to "fix" this (while continuing to spend $1Tn
on the military and $1Tn on tax cuts for the top 1% each year). There is no
fixing this and even a Republican said you can’t fool all of the people all of
the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE
CAREFUL OUT THERE! ‘
]
Israeli
troops kill Palestinian man at checkpoint in West Bank
(Washington Post) [ Could you imagine if it was a jew who was killed.
Beyond the stereotype which is easily envisioned, you’d never hear the end of
it. But israel sees no need to adhere to laws governing the civilized
throughout the world, from illegal nukes, to u.n resolutions (ie., 343, 338,
etc), international law, etc., and hence, the strife we see in the region and
throughout the world. ]
U.S.-built
infrastructure is deteriorating (Washington Post) [ At first glance, I
thought this article was miscategorized as a national story in the World
section. Indeed, there’s no denying the truth of the title as america
generally, domestically. Yet, the tragedy is that the tainted, destructive,
self-defeating wars for america have been a boon for war profiteers, frauds of
all stripes, when this defacto bankrupt america is sorely in need of repair,
replacement of its own shoddy, aging infrastructure suffering from the domestic
equivalent of similar scams, kickbacks, shoddy workmanship and all. After all,
it got to the point that they didn’t even go through the motions / façade and
actually flew $12 billion in hundred dollar bills into Iraq which to this day
is unaccounted for / unprosecuted … like the wall street frauds, since the
worthless toxic paper cashed out by wall street is still out there in the
trillions now marked to anything. ] Roads, canals and schools built in
Afghanistan as part of a special U.S. military program are crumbling under
Afghan stewardship, despite new steps imposed over the past year to ensure
reconstruction money is not being wasted, according to government reports.
Bank
of America settles loan dispute with Fannie, Freddie (Washington Post) [
Guess they’re just looking for some year end bonus money (maybe not, depending
on the controls, if any, if enforced – they weren’t last year). After all,
though I believe the wall street frauds have been cashing out, albeit somewhat
surreptitiously by way of QEs 1,2, etc., and for ever more worthless
over-printed fiat dollars, that ‘toxic’ worthless paper is still out there in
the many trillions marked to anything. Indeed, Davidowitz
adds that with record numbers of americans on food stamps, real unemployment at
17+, wall street is giving out record bonuses from their accomplished fraud
(with no-recession b.s. bernanke help) of $144 BILLION …] Fannie Mae and Freddie Mac have accepted
$2.8 billion from Bank of America to largely put to rest claims that the bank
sold them faulty loans.
Incoming
House GOP chairmen have a long list of issues to investigate (Washington
Post) [ Yeah … Sounds like a plan! … One that requires backtracking at least to
dumbya bush days and war based on a lie with wobama taking up where dumbya bush
left off; viz, that perpetual war thing though the nation’s defacto bankrupt.
Then there’s the still no pros for the largest and most massive securities
fraud in the history of the world with consequences still extant to the tune of
trillions in toxic / worthless paper now marked to anything they so choose as
per legislative mandate via FASB rule change (bush’s and surprising to some
wobama’s base) . A full plate, there is no doubt. But, butt, just posturing,
politicking, don’t look for anything of consequence though there’s plenty
there. Then there’s zionist peter king of the national sinkhole new york ( / new jersey- Bankrupt
Government Has Plans For Your Unused Gift Cards. [Mob invested, (and like america, generally) pervasively corrupt,
meaningfully lawless and defacto bankrupt toxic, disgusting jersey is just
doing what they’ve done for at least decades … no surprise here. (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ] Jason Douglass ‘…Saving up this years gift
cards to make a large purchase? You better use them up fast because state governments
like New Jersey think they have a better use for that money. In an attempt to
save themselves from obvious mismanagement, state authorities have begun steps
to confiscate the balance left on your unused gift cards. Arguably, gift cards
are one of the biggest scams going. Most consumers have been exposed to gift
card’s eccentricities and know how impossible it is to use all the money on the
card. Then, once the transaction is complete, it is twice as difficult to get
the remainder of the balance left on the card in cash. Now our public officials
want to get in on the scam.Large amounts of unused cash are locked away in
these effective little marketing devices and New Jersey thinks they have a
right to seize that money from you. In fact, they’ve already taken the steps to
do just that…’ ]
Is
This a Major Market Top? [ Truth be told, there was a time when I read
Barron’s with great regularity (no more). I never missed Alan Abelson’s
incisively sharp wit and the market laboratory, the latter being supplanted by
readily accessible numerical data on the web. I also don’t recall Alan Abelson
ever being wrong and I don’t think he’s wrong here, particularly when you
consider the costs, fraud, and insanity underlying this manipulated and
inflated stock market which bubble is at best a (contrived) bull cycle in a
secular bear market. ] Roche ‘With economic recovery still in doubt and
sentiment readings at their highest levels since the S&P 500 topped in
2007, some market prognosticators find the latest surge in stocks to have been
irrational. There is now a near universal belief that stocks have but one direction
to go and that has some investors feeling uneasy. This
weekend’s Barron's showed the diametrically opposing views as two of their
leading columnists (Alan Abelson and Mike Santoli) discussed why they believe
this is a major market top (or not).
Abelson refers
to a certain veteran market technician (whom he doesn’t identify):
And he shares our concern about the epidemic of
optimism that has gripped the Street, manifest in any number of wildly bullish
forecasts for the market in 2011. It is the kind of explosive optimism that is
usually witnessed, he says more in wonder than rue, at market tops, either
temporary or something worse.
He doesn’t buy the argument that the huge stash of
cash supposedly sitting on the sidelines is a guarantee of a steady source of
fuel for the equity rally. Rather, he calls that hefty pile of cash, which is
being augmented by a fresh infusion from fixed-income investors now that bonds
are getting clocked, “scared money.” It belongs, he elaborates, to folks who
all this time have been leery of committing their dough to stocks but, thanks
to December’s quantum leap in share prices, have grown increasingly fearful of
missing the next leg up, and are itching to put all that scratch to work.
That such nervous-newbie equity buyers will stay the
course and step up their buying after the initial, inevitable correction is
hardly a given. Our bet is that they would jackrabbit out at the first hint of
trouble.
The peerless technician is also bothered by the
leadership of the end-of-the-year rally. More specifically, the shares of
commodity-related companies are in the vanguard of the advance at a time when
China, the big global buyer of virtually every commodity known to man, is
striving to rein in inflation. It is no accident, he suggests, that Chinese
stock markets have been lagging, and he feels they may prove a pretty good
precursor for our own dear market.
In sum, he sees stocks making at least a temporary
top early in the new year. It’s hard to say, he readily admits, just how bad or
enduring a setback equities will suffer. But obviously, he’s talking something
more substantial than a flickering decline or a tiny crack.
Santoli’s case against a major market top has been
more commonly discussed:
The reasons the bulls are bullish are also pretty
universally agreed upon. The industrial economy has gathered some momentum, the
emerging markets are surging, companies are flush, profits look set to rise
decently again, the Federal Reserve is seeking new ways to penalize risk
aversion, taxes won’t go up and the market tends to do well in the year after a
midterm election.
And we can add to the list the likelihood that
another financial-engineering cycle is just getting into gear, so expect lots
of equity-friendly refinancings by stretched companies, re-leveraging by
cash-rich ones and buyouts hither and yon.
The thing is, it’s all pretty much true. And because
of that, and given that stock valuations are not excessive, it’s tough to think
a likely pullback or worse would signal some major top.
Indeed, the happy feeling and the recent climb in
margin borrowing and drop in short interest, by one way of looking at them,
simply show that what has been a bull market for the better part of two years
is finally being viewed as one. The last time we had such a run of investor
optimism, indeed, was late 2004, before a calm but not terribly exuberant year.
The risk, then, is more about the near term, about
expectations of ease meeting some unforeseen complication early this year, and
that what’s likely to be a firm fundamental and technical case for riskier
financial assets in 2011 has, to a fair degree, been priced in by the market
lift of late 2010.
Interestingly, both appear to agree that the major
risk is in the near-term. Santoli, however, clearly believes any sell-off will
prove to be a buying opportunity. Abelson tends to still be in the bear market
camp. Major market top or a prelude to a continuation of the bull market? Only
time will tell.
Source: Barron's’
Gerald
Celente: What’s in store for 2011 RT | “Were going to see
more and more cyber attacks, just like we saw with WikiLeaks,” explained
Celente.‘What’s in store for the world in 2011? Trends forecaster Gerald
Celente of the Trends Research Institute provided his insights on the year
ahead. Will the people of the world wake up to a dire economic reality? Will
the US dollar or the value of gold prevail? Will hardship-driven crimes be
committed across the socioeconomic spectrum by legions of the on-the-edge
desperate? Will the “War on Terror” morph into the “War on Crime,” where all
Americans are suspects until proven innocent? Will governments try to eliminate
free access to the web and literally shut down computers and websites they
consider a threat to national security? Will the seeds of revolution be
sown?Celente argued that all of the above will take place in some shape or
form. There will be a wakeup call on the economy, a crack down on the people
and a loss of liberty, and also an increase in Journalism 2.0, alternative
energy and a growth in cyber war tactics. “Look what’s happening now. You name
the city,” he said.“The people are getting hit on at every level.” The banks
and governments are robbing the people and will continue to do so, he argued.
“What they are going to do, is they are going to make up the slack by going
after the little people at every level; licensing fees, parking fees, you name
it, they’re going to squeeze every dollar out of the people,” Celente
commented.“If you go five miles over the speed limit there’s a cop waiting for
you.” Gold will run high in 2010, as the federal resave continues to dump US
currency into the system gold will rise much higher, possibly even double in
value over the next year. In the name of terror the government will clamp down
on the people, crime will rise as dissatisfaction with the economy and
government policies rise. “Big Brother will be watching!” Celente said. “We
even have Wal-Marts as a rat for the homeland security division to call them up
and let them know if anything is untore that they should know about and they
are talking now about expanding homeland terrorist security in hotels and
shopping malls.” The US government will be watching every move every person
makes. “They are going to clamp down more and more as people continue to
complain more and more about the injustices that are happening, particularly on
the economic front,” he explained. “When people lose everything, and they have
nothing left to lose, they lose it! As people keep losing it, the government
will crack down even tighter.” Looking forward, cyber warfare will grow
further, becoming a new type of warfare for the 21st century. Those in cyber
industry have a strong future, he added.“Were going to see more and more cyber
attacks, just like we saw with WikiLeaks,” explained Celente. “We’re going to
see worldwide cyber crime. In the end, the world will end in 2011,” said
Celente, but what that means exactly he wouldn’t say.’
Bankrupt
Government Has Plans For Your Unused Gift Cards. [Mob invested, (and like america, generally) pervasively corrupt,
meaningfully lawless and defacto bankrupt toxic, disgusting jersey is just
doing what they’ve done for at least decades … no surprise here. (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ] Jason Douglass ‘…Saving
up this years gift cards to make a large purchase? You better use them up fast
because state governments like New Jersey think they have a better use for that
money. In an attempt to save themselves from obvious mismanagement, state
authorities have begun steps to confiscate the balance left on your unused gift
cards. Arguably, gift cards are one of the biggest scams going. Most consumers
have been exposed to gift card’s eccentricities and know how impossible it is
to use all the money on the card. Then, once the transaction is complete, it is
twice as difficult to get the remainder of the balance left on the card in
cash. Now our public officials want to get in on the scam.Large amounts of
unused cash are locked away in these effective little marketing devices and New
Jersey thinks they have a right to seize that money from you. In fact, they’ve
already taken the steps to do just that…’
Tipping Point: 25 Signs That The Coming Financial Collapse Is Now Closer Then Ever The financial collapse that so many of us have been anticipating is seemingly closer then ever. Over the past several weeks, there have been a host of ominous signs for the U.S. economy… ] Decision could make it easier for the bailed-out lender to launch an IPO and repay its government debt.
Pakistan's
top general vexes U.S. plans (Washington Post) [ Geeh! How dare that PAKISTAN General not jump on the war criminal
american crazy train by putting the interests of his nation ahead of u.s. contrived
interests and preventing Pakistan from being turned into a toxic wasteland,
killing fields, etc., as in Iraq, Afghanistan, etc.. ] Despite intense efforts, officials fail to persuade Gen.
Ashfaq Kayani to undertake the administration's strategy of eliminating Taliban
havens inside Pakistan.
Economic
forecasters see growth in 2011 (Washington Post) [ Kind of like that prescient economic
forecast of ‘no recession’ preceding this continuing financial / economic
debacle of a magnitude exceeding that of the great depression from our
‘economist in chief’ helicopter ben … riiiiight! … And you can take that the
insolvent bank! Stock
markets weather a challenging 2010 (Washington Post) [
‘Weather’, ‘forecasts’ … somehow those words taken together do not
engender confidence. Yet, like today, there’s no shortage of that exuberance
thing just as in 2007 preceding the last crash, or preceding the dot.com crash,
etc., and this time will be no different and probably worse. Pay
Attention to New Year Market Indicators [ The problem with these anecdotal,
mechanized (and sophomoric) technical guidelines is that the frauds on wall
street are well aware of them and with the current computer technology can
easily program to meet them with the fraudulent hope they’ll become
self-fulfilling. I disagree with the ‘everything coming up roses, green shoots
and all’ scenarios being painted in typical self-interested fashion and hardly
objective. Even near perma-bull John Augustine (speaking with Motek) looks for
at a minimum, if things go well for the economy (not at all likely and no can
do with real numbers / data) a 3-5% pullback / correction near term. Keep in
mind all stock prices have been inflated by amounts exceeding the gains, viz.,
13-17% by the debased dollar which of course is reflected in huge price
increases for commodities across the board which will impact margins or
consumption or both going forward. ] Plessis ‘If Santa has not yet made his way
to your investment portfolio, don’t despair. According to Jeffrey Hirsch (Stock Trader’s Almanac),
the “Santa Claus Rally” normally occurs during the last five trading days of a
year and the ensuing first two trading sessions of the new year. During this
seven-day period stocks historically tend to advance (by 1.5% on average since
1950), but when recording a loss, they frequently trade much lower in the new
year.With four of the seven sessions behind us there has been little in it,
with the S&P 500 Index marginally up by 0.09% and the Dow Jones Industrial
Average losing 0.03%.Another old stock market saw tells us the first five
trading days of January sets the course for January (known as the “First Five
Days Early Warning System”), and if the month of January is higher, there is a
good chance the year will end higher, i.e. the so-called “January Barometer”.
Every down January since 1950 has been followed by a new or continuing bear
market or a flat year. “As January goes, so goes the year,” said Hirsch.Lastly,
according to Hirsch, the “December Low Indicator" says that should
the Dow Jones Industrial Index close below its December low anytime during the
first quarter, it is frequently an excellent warning sign of lower levels
ahead. The numbers to watch are those recorded on December 1: 1,206.07 for the
S&P 500 Index and 11,255.78 for the Dow Industrial Average.The American
benchmark indices will have to crash today in order to make 2010 a down year.
Early indications therefore point to the January Barometer (with January having
been a down month) this year failing investors. Looking ahead to 2011, time
will tell whether the year-end/new-year indicators play out according to the
historical pattern. Meanwhile, we’ll have some fun tracking how it pans
out.’ ] In a year of political upheaval, fiscal crisis in Europe
and the threat of a double-dip recession in the United States, the stock market
weathered all challenges, plodding upward. Economic
forecasters see growth in 2011
Private
markets make up the core of Obamanomics (Washington Post) [ I doubt there
is a core at all … nothin’ there … spend more than you take in … just smoke and
mirrors … more bush*t … you know, froth the markets, fraud be damned but welcomed
/ protected … and, as before, this will end quite badly! But regarding the now
‘Klein Controversy’, the following: Wash
Post Staffer: Constitution Impossible to Understand Because It’s Over 100 Years
Old [ In a meaningfully lawless society as pervasively corrupt, defacto
bankrupt america, constitution / laws have become irrelevant in application and
effect. After all, even zimbabwe has a constitution / laws, but I dare say no
one would suggest they have any practical effect in reality, as is also so in
america. I therefore believe Mr. Klein is correct but for reasons other than
age and malleability. Indeed, anyone who has written a legal brief and
researched law in support thereof, ultimately realizes that almost invariably
one can find some case / law in support of almost any position. In america
today, it’s the bribe, one way or another, that carries the day and makes the
difference. Ask sam alito et als. That’s just the way it is in a declining,
fallen society as america, zimbawe, etc.. That’s certainly my direct, sworn
experience with these corrupt courts constituting (in large part along with the
other 3 branches) pervasively corrupt, defacto bankrupt america’s illegal
system. Senate convicts Clinton-appointed judge...
[ Come on! One way or another they’re almost all getting bribed; including the
initial lifetime appointment as alito, trump-barry, etc.. 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 ) End those lifetime licenses to steal. ] In earlier
hearings, two attorneys who once worked with Porteous had testified that they
gave him thousands of dollars in cash, including about $2,000 stuffed in an
envelope in 1999, just before Porteous decided a major civil case in their
client's favor. ] Breitbart | On word that the House will open its next session
with a first-ever reading of the U.S. Constitution, blogger Ezra Klein suggests
that the Constitution is irrelevant due to its age and politically-malleable
language. ]Eight key economic decisions of the Obama presidency all point in
one direction.
Pay
Attention to New Year Market Indicators [ The problem with these anecdotal,
mechanized (and sophomoric) technical guidelines is that the frauds on wall
street are well aware of them and with the current computer technology can
easily program to meet them with the fraudulent hope they’ll become
self-fulfilling. I disagree with the ‘everything coming up roses, green shoots
and all’ scenarios being painted in typical self-interested fashion and hardly
objective. Even near perma-bull John Augustine (speaking with Motek) looks for
at a minimum, if things go well for the economy (not at all likely and no can
do with real numbers / data) a 3-5% pullback / correction near term. Keep in
mind all stock prices have been inflated by amounts exceeding the gains, viz.,
13-17% by the debased dollar which of course is reflected in huge price
increases for commodities across the board which will impact margins or
consumption or both going forward. ] Plessis ‘If Santa has not yet made his way
to your investment portfolio, don’t despair. According to Jeffrey Hirsch (Stock Trader’s Almanac),
the “Santa Claus Rally” normally occurs during the last five trading days of a
year and the ensuing first two trading sessions of the new year. During this
seven-day period stocks historically tend to advance (by 1.5% on average since
1950), but when recording a loss, they frequently trade much lower in the new
year.With four of the seven sessions behind us there has been little in it,
with the S&P 500 Index marginally up by 0.09% and the Dow Jones Industrial
Average losing 0.03%.Another old stock market saw tells us the first five
trading days of January sets the course for January (known as the “First Five
Days Early Warning System”), and if the month of January is higher, there is a
good chance the year will end higher, i.e. the so-called “January Barometer”.
Every down January since 1950 has been followed by a new or continuing bear
market or a flat year. “As January goes, so goes the year,” said Hirsch.Lastly,
according to Hirsch, the “December Low Indicator" says that should
the Dow Jones Industrial Index close below its December low anytime during the
first quarter, it is frequently an excellent warning sign of lower levels
ahead. The numbers to watch are those recorded on December 1: 1,206.07 for the
S&P 500 Index and 11,255.78 for the Dow Industrial Average.The American
benchmark indices will have to crash today in order to make 2010 a down year.
Early indications therefore point to the January Barometer (with January having
been a down month) this year failing investors. Looking ahead to 2011, time
will tell whether the year-end/new-year indicators play out according to the
historical pattern. Meanwhile, we’ll have some fun tracking how it pans out.’
Happy
New Year! Here Are The Final Numbers For 2010 , On Friday December 31, 2010
‘Indices mixed
today, but not for the year. Stocks weren't the real winner, however, with
commodity prices booming.
First, today's
scoreboard:
- DOW up 0.08%
- S&P 500 down flat
- NASDAQ down 0.38%
Now, the final scoreboard for 2010:
Equities:
- 2010 DOW up 10.94%
- 2010 S&P 500 up 12.72%
- 2010 NASDAQ up 16.9%
Check out the best and worst performing global equity indices
in 2010 >
Commodities:
Check
out Societe Generale's guide to commodities in 2011 >
Bonds:
Bank of America Merrill Lynch’s Global Broad Market
Index rose 4.7% this year.
- 2010 Year end 5-year treasury yield 2.00%
- 2010 Year end 10-year treasury yield 3.28%
- 2010 Year end 30-year treasury yield 4.33% …’
Drudgereport: Medicare
Bound to Bust 'by 2017' as First Boomers Hit 65...
POLL:
Only 21% Want FCC to Regulate Internet...
Fear of Political Agenda...
Next
Year's Wars: 16 brewing conflicts to watch...
VIDEO:
Oil Could Push to $110...
Berlin
sees most snow in December since 1900s...
White
House Plans to Push 'Global Warming' Policy, GOP Vows Fight...
FLASHBACK:
Gore Reports Snow and Ice Across World Vanishing Quickly...
Top
China blogger forced to shut down magazine...
Non-US
banks gain from Fed crisis fund; Half of emergency credit facility cash went to
foreign institutions...
Backlash...
THE
MAN WHO TOOK ON BIG SIS... Pilot
angered TSA with video... ‘…News10 established a relationship with the Liu
family last July after their rental home in Sacramento's Oak Park was destroyed
by an arsonist. Four firefighters were injured when the house exploded…’
Oil
rises near $92...
Ex-SHELL
president sees $5 gas in year...
MATTHEWS:
Why Doesn't Obama Just Release The Birth Certificate?
NYT:
Bundle Up, It's Global Warming...
Obama
Reading List: Book on Reagan... [ Reagan would absolutely detest,
hate (yes, Reagan could hate ) wobama
and did detest, hate people like failed president like no other in history,
wobama]
Duma
Disses Obama, delays START vote...
Assange
fears death in a US jail...
OPEC
Members 'Target $100'...
China,
following pervasively corrupt, meaningfully lawless, defacto bankrupt american
example, bars political dissident access to lawyers...
Indefinite
detention possible for suspects at Guantanamo Bay...
DARK SIDE OF SIS: AGENTS RAID HOME OF PILOT CRITICAL OF TSA...
Posted Video Exposing Airport Security Flaws...
PUNISHED...
DEFICIT
HITS RECORD...
MINORITY
REPORT: Spielberg advising on rebranding Dems... [ Come on! You
can’t unring the bell on the damage they’ve done by particularly doing the
opposite of what they said, from perpetual war, to no prosecutions of the wall
street frauds now marked to anything as per criminal courtesy via FASB rule
change, etc.. They b*** s*** like their mascot, ‘wobama the b’ (for b*** s***);
not that the republicans are substantially different … they’re incompetent,
corrupt, etc... They’ve embraced the ‘history of decline and fall of
nation-states’. ]
TODAY:
Obama pledges 'singular focus' on economy...
ONE
YEAR AGO: 'Obama to focus hard on economy'...
TWO
YEARS AGO: Obama to put 'renewed focus' on economy...
US
press should fear being targeted: Assange...
BLOWOUT:
Government liabilities rose $2 trillion for year...
PEOPLE:
308,745,538
DEBT:
$13,868,461,000,000
STATE
OF THE NATION: Census shows slowing US growth...
GOP-leaning
states pick up seats in Congress...
NY, OH, IL, MA, NJ and PA lose seats...
FCC
Gives Government Power to Regulate Web...
Agency
splits along party lines...
DeMint
vows to reverse 'Internet takeover'...
AP:
TOP 10 STORIES OF 2010...
MOODY'S May Cut US Rating on Tax Package...
New
spending bill totals $1.1 TRILLION!
Congress
Job Approval Rating Worst in GALLUP History...
FLASHBACK:
Obama Promised 5-Day, Public Review of Bills Before Signing; Signs Tax Bill
Within Hours of House Vote...
13 million get unexpected tax bill from 'tax credit'?
Pelosi
skips vote on tax bill, then shuns signing ceremony...
House
votes to extend gov't funding -- through Tuesday...
OBAMA
FALLS TO 40% APPROVE IN FOXNEWS POLL...
The FCC's Threat to Internet Freedom...
Dems
play politics with 'net neutrality' vote...
'Sweeping
new rules'...
REGULATE...
SHUT:
Music Web Sites Dispute Legality of Their Closing...
UK
ministers threaten: Censor web, or we will legislate 'to protect children'...
Plan
to block all online porn...
Hugo
Chavez defends plan for web regulations...
Venezuela
tightens Internet regulation...
THEY'RE
COMING FOR THE INTERNET!
JULIUS
SEIZURE
$2
trillion debt crisis threatens to bring down 100 US cities...
States
face $140 billion in budget shortfalls...
32
states borrow billions from feds to cover unemployment benefits...
Friedman:
America the Stupid...
French
AAA Grade at Risk as Downgrades Sweep Europe...
Oil Heads
Toward $100...
Chavez
defends plan for Internet regulations...
UK
ministers threaten: Censor web, or we will legislate 'to protect children'...
The
FCC's Threat to Internet Freedom...
Dems
play politics with 'net neutrality' vote...
'Sweeping
new rules for the Internet'...
SKorea
detains Chinese fishermen...
Security
Council meets on tensions...
North
Threatens More Attacks...
...
says war would go nuclear
China
warns of escalating arms race...
'Don't ask' repeal moves toward law...
DREAM OVER: Senate Blocks Bill for Illegal Immigrants...
Budget
Brawl Looms in Congress...
Michelle
wears $2,500 purchased dress to Christmas concert...
Senate
Plans Weekend Votes on 'Don't Ask, Don't Tell,' Amnesty Bill...
Senator:
Gay ban tied to Russia treaty...
UN
PLANS INTERNET REGULATION [ Those
who can’t do … work at the u.n., in the u.s.; after all, for the first time in
human history, the internet has for the most part enabled an unfettered look at
the truth and truthful reasons for the unequivocally sad state of the world.
That a supposed world body should support and potentially facilitate the
encroachment upon such global communication is reason enough to dismantle such
an already discredited body which arbitrarily seeks enforcement of some
‘resolutions’ as to some but not others ( ie., israel, u.n. resolutions 242,
338, etc., israeli and american war crimes, etc..) Raison d’tre … I don’t think
so! Quite the contrary! ]
Regulators
close banks in GA, FL, AR, MN... [ Regulators shutter 3 small banks in Ga., 1 each in
Fla., Ark., Minn.; 157 banks closed in 2010 ]
Payrolls Drop in 28 States, Joblessness Rises in 21...
Nevada rate to 14.3%...
Rhode Island City Nears Bankruptcy...
Ireland Debt Downgrade...
IMF chief worried about Europe domino effect...
Senate
clerks preparing to read 1,924-page spending bill on floor -- for 50 hours!...
Senator:
'There's No Way' To Read Entire Bill Before Vote...
KERRY:
'Why Would We Have To Read Something?'
McConnell
offers 1-page resolution in place of 1,924-page spending bill...
SHOWDOWN:
Gingrich Urges Fillibuster...
Biden
To GOP Opposition: 'Get Out Of The Way'...
Reid:
Earmarks are 'what we're supposed to do'...
Ban on Gitmo transfers vanishes...
Omnibus
bill loaded with goodies for abortion industry...
PRIORITIES:
House approves bill to make hybrids louder...
23%
Say USA Heading in Right Direction, Lowest Since Obama Took Office...
POLL:
Just 29% think Obama will be re-elected...
Is
America the sick man of the globe?
BUCHANAN:
Is this our America anymore?
UK
Red Cross Bans Christmas to Avoid Offending Muslims...
SALVATION
ARMY bell ringer caught stealing from kettle...
Deputies
suspended after getting into brawl at party...
2
women charged with robbing 74-year-old...
Hundreds
of gifts for kids stolen from 'Toys for Tots'...
Thousands
of dollars in donated toys ruined after skunk attack...
Grocery
prices grow by 1.5 times inflation rate...
Socialist
president plays host to capitalism...
REPORT:
Obama told lawmakers not passing tax deal could end presidency...
A
$48 billion earmark...
PAPER:
Year of bullying, bluff and bailouts leaves euro fighting for its life...
Reeling
from riots, Italy faces uncertainty...
Greek
anti-austerity strike turns violent...
VIDEO...
MORE
UNREST: 2011...
$575
million PER PAGE...
6,488
earmarks...
McConnell
fumes: 'No one has seen it'...
Reid threatens to keep Congress into next year...
Intelligence
Reports Offer Dim Views of Afghan War...
HOLBROOKE
LAST WORDS: STOP THIS WAR!
UPDATE:
RUSSIA TO USE CHINA CURRENCY IN TRADES...
UK
GRANTS ASSANGE BAIL; SWEDEN APPEALS...
Release
delayed...
Lawyer:
Secret Grand Jury Meeting Outside Washington on Leak...
CHRISTMAS CRIMES: Drive-By
Purse Snatcher Terrorizing Women In NJ...
2
women charged with robbing 74-year-old...
Hundreds
of gifts for kids stolen from 'Toys for Tots'...
Thousands
of dollars in donated toys ruined after skunk attack...
Copper
thieves burn down city's Christmas tree...
Burglar
steals family's gifts -- and its dog!
Grave
robbers steal 400 urns from cemetery...
'Grinch'
Steals Packages Off Doorsteps, Signs For Deliveries...
Home
Invaders Tie Up 12-Year-Old Boy, Take Video Games...
90-Year-Old
Man Put In Choke-Hold, Robbed Of $370...
'Tea
Party' anger simmers over backroom deal; Ramps up efforts...
2
Bank Failures Bring Year's Tally To 151...
COPS: Madoff's son hangs himself with dog collar in SoHo
apartment...
...gave mechanic $400 tip day before suicide
Madoff
Trustee Launches $19.6 Billion Lawsuit; 60 accused of participating in 'illegal
scheme'...
Pump
prices close in on average $3 a gallon...
FLASHBACK:
$1.81 when Obama took office...
BLOW
TO O: JUDGE RULES GOV'T CAN'T MANDATE CITIZENS BUY HEALTH CARE...
Cantor:
Direct Appeal to Supremes...
POLL:
Support For Obamacare Hits New Low...
Pelosi:
'Are You Serious?'
Obama: 'I'm itching for a fight'...
U
N C O N S T I T U T I O N A L
Barbara
Walters: 'This Guy (wobama) Has an Emotional Problem' [ Yes, it’s true,
babawawa … wobama has substantial mental problems which along with inherent
criminality are pervasive in america which also includes boner, and where were
you in discussing such, babawawa regarding psychopaths bush, clinton, etc., or
even former beau, senile greenspun ]...
DEFICIT
HITS RECORD...
Putin Slams West for Assange Arrest...
US
cable: Cuba to be insolvent within 2-3 years...
Assange
Lawyers Prepare for U.S. Spying Indictment...
Teen
Arrested in Hack Attacks...
Donations
to WIKILEAKS are Tax Deductible -- in Germany...
Anonymous
cyberwarriors stun experts...
Media
outlets may be probed over WikiLeaks stories, joe ‘zelig zionist incompetent
and corrupt‘ lieberman in Campaign To Trample The First Amendment claims Can the US government prosecute media outlets
that reported on the WikiLeaks cables? According to joe ‘zelig zionist
incompetent and corrupt‘ lieberman in
his Campaign To Trample The First Amendment, the answer is maybe.
Home
Values May Drop by $1.7 Trillion This Year...
UNEMPLOYMENT
WEEK: DOWN TO 421,000; REVISED UP LAST WEEK 438,000...
POLL:
Most Americans Say They’re Worse Off Under Obama...
F
O [Related: Olbermann:
Obama Is ‘God Damned Wrong’ ]
REVENGE
OF THE WIKIS!
Army
of hackers targets the Swedish government...
Take down
MASTERCARD site...
...VISA
PAYPAL...
AMAZON
braces for hactivist attack...
Palin
under cyber attack...
Assange's
'poison pill' file impossible to stop...
MOSCOW:
Give Assange Nobel Peace Prize...
SENATE REJECTS REPEAL OF DON'T ASK DON'T TELL...
House
Dems push through massive budget bill...
Final
House Race Decided; GOP Net Gain: 63 Seats...
Ron
Paul, Author of 'End the Fed,' to Lead Fed Oversight Panel...
Student
protesters in London turn violent over tuition hikes...
Thousands
try to break through police barricades at Houses of Parliament...
...attack car containing Prince Charles, Camilla...
Rolls
Royce hit with paint; rear window smashed...
US Treasuries hit by biggest sell-off since
LEHMAN...
Prices Plunge for 2nd Day on Deficit Fears...
Rattles investors...
Oil tipped to bubble over $100 barrel...
Food Stamp Rolls Continue to Rise...
SHOCK POLL: Americans Believe China Has Surpassed USA
in Economic Strength...
'U.S. fiscal health worse than Europe's'...
Sorkin: Palin TV show is 'snuff movie'... [ Yeah … ‘she’s really all that’ and worse …
I have great difficulty getting past the fact that she’s so incredibly dumb … not
just ‘nonintellectual’ … butt really dumb! ] ‘… Sorkin, writer of the recent Facebook movie The
Social Network, also accused the Fox News contributor of making a "snuff
film" after the latest episode of Sarah's Palin's Alaska featured the
politician going hunting with her father and shooting a caribou. He described
Palin as "deranged", a "witless bully" and a "phony
pioneer girl". He also said The Learning Channel, the US cable network,
"should be ashamed of itself" for broadcasting her "truly awful
reality show"…’
Senate convicts Clinton-appointed judge...
[ Come on! One way or another they’re almost all getting bribed; including the
initial lifetime appointment as alito, trump-barry, etc.. 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 ) End those lifetime licenses to steel. ] In earlier hearings, two attorneys who once worked
with Porteous had testified that they gave him thousands of dollars in cash,
including about $2,000 stuffed in an envelope in 1999, just before Porteous
decided a major civil case in their client's favor.
Assange could face espionage trial in USA...
Palin under cyber attack...
1st Amendment issues...
Assange's 'poison pill' file impossible to stop...
WIKILEAKS: Stop Us? You'll Have to Shut Down Web...
Berkeley 'resolution' honoring leaker...
Scientologists outraged over spoof Christmas play... [ Hubbard was such a total fraud! Scientologists
are delusional! ]St.
Petersburg, Florida – ‘A controversial holiday musical production is set to
open at American Stage Theatre in St. Petersburg. Photos: Pictures of
A Very Merry Unauthorized Children's Scientology Pageant "A
Very Merry Unauthorized Children's Scientology Pageant" is a musical play
designed for the holiday season, but this play will not focus on Jesus Christ,
but instead the story is about L. Ron Hubbard, the founder of the church Of
Scientology…’
NO BAIL...
Assange
'sabotaged condom' during one night stand...
Refused to wear one during another...
Stockholm police: Both women are victims...
INTERPOL WARRANT FOR NOT WEARING PROTECTION?
ASSANGE
UNDER ARREST:
'HE
DIDN'T WEAR A CONDOM'
Under
arrest, will Assange dump the Doomsday Files?
Assange:
Don't shoot messenger for revealing uncomfortable truths...
FLASHBACK:
HILLARY COMPLAINS GOVERNMENTS BLOCK FREE FLOW OF INFO ON INTERNET...
WIKILEAKS:
LIVE UPDATES...
FCC
push to regulate news draws fire...
Lieberman:
NYT may have committed crime by printing WIKILEAKS docs...
US
to Host World Press Freedom Day in 2011 … [ What a total travesty! The u.s. as
host … What a cruel joke! ] ...
OBAMA
RACES TO CUT TAXES BEFORE REPUBLICANS: 6.2% Social Security tax would drop to
4.2% for workers for one year... MORE
THE
NEW OBAMA!
SURPRISE TAX CUT
MOVE [ As with defacto bankrupt america
generally, more defacto bankrupt social security system, etc., are distinctions without significant
differences. ]
OIL
HITS $89...
Pump
prices hit 2-year high...
Schwarzenegger Declares Fiscal Emergency, Proposes $9.9 Billion In
Cuts...
Top
Democrats defect, join unified GOP...
WIKILEAKS'
Assange Will Release Encrypted Files If Arrested...
Cables
Reveal How US Manipulated Climate Accord...
Cable:
China Leaders Ordered Hacking on GOOGLE...
Meddling
by Neighbors Adds to Iraq's Woes...
Government
Workers Ordered Not to Read Cables...
Gingrich:
Leaks Show Admin 'Shallow,' 'Amateurish'...
McConnell:
Assange a 'High-Tech Terrorist'...
List of facilities 'vital to US security' leaked...
Mirror
Sites Appear by the Hundreds...
Assange
Speaks...
Hillary
Jokes...
US
forced to shake up embassies around world...
THE
DOOMSDAY FILES
PAPER:
Wave goodbye to Internet freedom...
[ I’m absolutely astounded that the world is not
profoundly grateful to Assange et als for providing insight into the
machinations and insanity of pervasively corrupt, defacto bankrupt america, et
als who wreaked havoc on the world as they pillage, plunder, and destroy
(lives, nations, etc.). ]
+39,000 JOBS IN NOVEMBER...
BOEHNER: Dem Leaders Should Stop Wasting Time on Tax
Hike Votes...
HALPERIN: Dems 'In Midst of Nervous Breakdown'...
Obama Makes Surprise Trip to Afghanistan...
Flies 7,000 miles -- talks to Karzai for 15 minutes on
phone!
Forgets the Coast Guard...
Leaves Biden behind to handle 'disappointing' jobs
report...
Reid, funded by casinos, pushes online gambling...
ABCNEWS accused of breaking embargo...
2010
death toll of US troops nears that of 2001-2008 combined...
OBAMA SPEECHWRITER JOKES ABOUT TSA GROPING: Allows
'defrocked priests to give back to society'...
US
Deficit-Cutting Plan Falls Short of Needed Votes...
UNEMPLOYMENT UP TO 9.8%
HILLARY: Secretary of State will be 'my last public
position'... ... PITCHE$ $IGNED DVD ON HOME $HOPPING NETWORK..
US TO BAILOUT EU
[ Riiiiight! Sounds like a plan! After all, in defacto bankrupt america money
does grow on trees … derivatively (pun intended) that is … you know … that ever
more worthless fiat paper currency … and ultimately, existentially,
philosophically, doesn’t paper come from trees … sure it does …so, no problemo
since money grows on trees. ]
BOMBSHELL: European banks took big slice of
Fed aid...
Hundreds of billions of dollars...
Fed reveals global extent of its backing...
]Funds went to stalwarts of
American industry including GE and Caterpillar and household-name companies
such as Verizon, new data show.
GEORGIA: HUNDREDS LINE UP IN COLD FOR HEAT HELP...
Assistance Funds Quickly Depleted...
'Almost like being in soup line during great
depression'...
VIDEO...
DELAYING TAX VOTE COULD 'CRASH
STOCK MARKET' STARTING 12/15 [ Come on! There’s no way to justify
the tax cut to the top 1% including the frauds on wall street … their threats
don’t hunt no more … the nation’s defacto bankrupt … see Davis, supra! ]
Chase Bank orders branch to remove Christmas tree...
Cyber attack forces WIKILEAKS to change web address...
Respected media outlets collaborate with
organization... [ Said
outlets and other disseminators and of course Wikileaks deserve accolades for
the advancement of first amendment liberties in the name of an informed global
body politick for all.]
UPDATE: Latest developments...
Foreign contractors hired Afghan 'dancing boys'...
Embassy cables portray Karzai as corrupt, erratic...
CIA drew up UN spying wishlist...
Assange speaks...
UPDATE: Latest WIKILEAKS developments...
Foreign contractors hired Afghan 'dancing boys'...
Embassy cables portray Karzai as corrupt, erratic...
CIA drew up UN spying wishlist...
SANTA CLAUSE: FED AID WENT TO COMPANIES, BANKS,
OFFSHORE...
SECRETLY BAILED OUT GE -- GE NEWS OUTLETS FAILED TO
REVEAL IN FED COVERAGE...
SANTA CLAUSE: FORD, BMW, TOYOTA Took Secret Government
Money......
Fed Created Conflicts in Improvising Financial System
Rescue...
Tax Breaks for Bailout Recipients Spark Debate...
MORE SECRETS: Fed Withholds Data for $885 Billion in
Loans...
RUSSIA TO HOST '18 WORLD CUP FINALS...
Qatar selected '22 host over USA, others...
'AMERICAN
PSYCHO' musical in works... [ I recommend the derivative films,
American Psycho and American Psycho 2,
for insight! ]
National Board of Review: SOCIAL NETWORK named best
film... [ National board of what? ‘Inception’ is by
far and away the ‘Best Film’ across the board, in all categories, and on the
list! ] LIST...
BANK OF AMERICA Becoming 'Bank of Asia' as
Revenue Increases 30% ...
RESET: PUTIN CRITICIZES USA OVER WIKILEAKS … [ Putin
deserves the greatest deference in matters of global concern in light of his
greater rationality; america’s self-serving accusations are merely envy and
projection / displacement (in psychoanalytic terms) of america’s pervasively
corrupt, criminal, broken system which is a far cry in reality from defacto bankrupt
america’s propaganda.]...
REWARD: [ The payoff. Bribe complete! Next bribe
scenario … ] CITI to Hire Obama's Ex-Budget Chief Orszag...
FLASHBACK: Rubin and friends ride NY-DC shuttle...
ZUCKERMAN: Watching America's Decline and Fall [the moral authority of the West has
dramatically declined in the face of the financial crisis. It has revealed deep
fault lines within Western economies that have spread to the global economy. The majority of Western governments
are running fiscal deficits of 10 percent or more relative to
GDP, but it is increasingly clear that there will be no quick fixes, that big
government and fiscal deficits will not bring us back to the status quo ante.
Indeed, the tidal wave of red ink has meant that the leverage-led or
debt-led growth model is dead. Developed countries will be forced to deal with
their debt on every level, from the personal to the corporate to the sovereign.
Being able to borrow may have made people feel richer, but having to repay the
debt is certainly making them feel poorer, particularly since the unfunded
liabilities that many governments face from aging populations will have to be
paid for by a shrinking band of workers. (Ecoutez, mes amis!) Demography is destiny. As a result, there is a
burgeoning consensus that we are witnessing an inevitable rise of the East and
a decline of the West…( 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). ) ]...
Interpol issues wanted notice for Julian
Assange [ They just can’t take the truth! ] ...
US cuts access to files [ Think about it. Really think
about it. Their policies are in the tank, along with the nation and the rest of
this world as a consequence. Don’t those so detrimentally affected (everyone)
have a right to know? I think in light of the global frauds, contrived
perpetual wars though defacto bankruptcy of this and other nations, pervasive
corruption and crime, failed policies domestically and geo-politically while
serving the very parochial interests of the self-interested few, the answer is
an unequivocal, YES! I believe that world history will write Mr. Assange as a
hero in the truest sense. He should be given a medal; and, certainly, since mr.
b*** s*** wobama undeservingly got a ‘nobel peace prize’ (what he does, not
what he says, ie., Afghanistan, etc.), who more than Julian Assange is
deserving of that and more? Cover-up / propaganda … thy name is fallen
america.]...
WIKILECTURE: 'HILLARY SHOULD
RESIGN' ‘…Hillary Clinton, Julian Assange said, "should resign."
Speaking over Skype from an undisclosed location on Tuesday, the WikiLeaks
founder was replying to a question by TIME managing editor Richard Stengel over
the diplomatic-cable dump that Assange's organization loosed on the world this
past weekend. Stengel had said the U.S. Secretary of State was looking like
"the fall guy" in the ensuing controversy, and had asked whether her
firing or resignation was an outcome that Assange wanted. "I don't think
it would make much of a difference either way," Assange said. "But
she should resign if it can be shown that she was responsible for ordering U.S.
diplomatic figures to engage in espionage in the United Nations, in violation
of the international covenants to which the U.S. has signed up. Yes, she should
resign over that."…’
CITY ON EDGE: Cash-Strapped Newark, new jersey Forced
To Lay Off 14% Of Police Force... [ From decades old
(1978-1985) direct personal experience with newark, n.j., the police are the
absolute last cuts that can be afforded to be made. Indeed, while walking
through Military Park (a sliver of a “park” - more a pedestrian
thoroughfare/cement walks) in newark, new jersey on the way to the bank during
lunch hour, I heard the clearly audible screams/cries of what turned out to be
an old lady on the ground with blood streaming from her mouth. I ran toward the
sound of the cries, the source of which I could not see because there were so
many people in and about this thoroughfare so as to block any vision of the
source of the cries. When I came to the woman, on the ground, blood streaming
from her mouth, I asked what happened, to which she responded she had been hit
in the mouth and knocked to the ground, her purse stolen/put inside her
shopping bag, and she pointed out the criminal casually now walking across the
main street. Nobody stopped to help her, many having passed her by. I slammed
the thug to the ground so hard that, in light of all the blood and confusion
(limbic system / adrenalin flow) I thought I had been stabbed (the blood was
from his elbows hitting the pavement so hard - no one helped / a crowd gathered
/ an undercover cop happened along). When I testified at the Grand Jury
Proceeding I made sure his threat on my life was set forth in prima facie
fashion so as to maximize the DA’s position with both felonies ( he went to
prison – pled out ). The other case I wrote about here ( This was included on
my website in the Psychology forum discussion of ‘bystander effect’ / diffusion
of responsibility. ) - Having had occasion to have run down a mugger in newark,
n.j. who apparently had followed a girl from the bank on her way to the bursar
to pay tuition, though in pretty good shape, I was astounded by how totally
exhausting such a pursuit was, how much like rubber my arms were when I traded
punches with the perpetrator, and truth be told, if I had a flashlight on my
belt, I have little doubt that I would have probably used it to subdue the
perp. The girl was not that seriously injured, did get her pocketbook and
tuition back, and the criminal went to jail. The other thing about such a
pursuit that amazed me was that no one else assisted the girl or me despite
being in a position to do so). (Other newark / new jersey and new york, n.y.
metro, viz., ie., connecticut, and of course, d.c., d.c. metro, viz., ie.,
virginia experience … corrupt federal judges as maryanne trump barry, sam
alito, shiff, matz (california), 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 ) ]
Nation's '2nd Most Dangerous City' (camden, new
jersey) To Lay Off Nearly Half Of Police Force...
Chicagoland: Vandals torch Christmas charity van...
Businessman
gets harsh prison term (Washington Post) [ Come on! Quality of justice
concerns by pervasively corrupt / defacto bankrupt america (I’ve seen this
first hand and have sworn under penalty of perjury to the readily discernible
corruption in the ‘so-called judicial process’ / american illegal system; and
Orwellian britain / european illegal systems little better as toadies to the
criminal americans)? Don’t make me laugh? The u.s. illegal system is a cruel
joke! What parallel universe / fantasy land are they living in? ] A Moscow judge's decision to impose the harshest
possible penalty on Russian oil tycoon Mikhail Khodorkovsky signaled that Prime
Minister Vladimir Putin intends to keep a firm grip on power and is unwilling
to bend to American and European concerns about the quality of Russian justice.
October
15, 2010 (*see infra)
Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer
to prevent viral attacks / infection and are without threat). I also include 1
copy of the DVD as filed with the subject court as referenced therein (which
files are also included on the aforesaid 3 disks in a separate folder named
‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a
criminal statute which provides a civil remedy, including treble damages and
attorney fees, as an incentive for private prosecution of said claims probably
owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such
assistance given the seriousness and prevalence of said violations of law which
have a corrupting influence on the process, and which corruption is pervasive).
A grievance complaint against Coan was also filed concurrently with the subject
action and held in abeyance pending resolution of the action which was
illegally dismissed without any supporting law and in contravention of the
Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the
Qui Tam provisions of the Federal
False Claims Act probably would apply and I would absent resolution seek to
refer the within to a firm with expertise in that area of the law with which I
am not familiar).
The document in 5 pages under penalty of
perjury I was asked to forward to the FBI office in New Haven is probably the
best and most concise summary of the case
RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm . With regard to the
calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA
office and I was referred to the Long Beach, CA office where I personally met
with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the
money laundering which he confirmed as indicative of same (he was transferred
from said office within approximately a month of said meeting and his location
was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron
Barndollar and we remained in touch for in excess of a decade until he abruptly
retired (our last conversation prior to his retirement related to the case and
parenthetically, Rudy Giuliani whose father I stated had been an enforcer for
the mob to which he registered disbelief and requested I prove it, which I did
– he served 12 years in prison, aggravated assault/manslaughter? – and no,
there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In contradistinction
to the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
- A judgment had been entered in my
favor in the case, United States District Court Case
#3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess
of $300,000 remains unaccounted for and which could be used for payment to
creditors, Los Angeles, etc..
- Counsel Robert Sullivan on my behalf
documented by way of certification upon investigation that Alan Shiff,
USBCJ, had falsely stated a dismissal upon which false statement he
predicated a retaliatory and spurious contempt proceeding against me
causing substantial damage, and for which he sought Judicial Notice of
those and related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice
by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice
on Coan’s Failure to File Page 1 Page 2 ]
- Defendant Coan had filed an action
against me to prevent me from suing him which necessitated me to fly to
Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief
Judge, USDC, District of Connecticut, who denied Coan’s requested relief
as to Coan but precluded my action against Shiff (although there is no
immunity, judicial or otherwise, for criminal acts, ie., fraud connected
with a case under Title 11, USC, etc.) . [ transcript in pertinent part
-
crossexamofcoanbypeia.pdf ]
- Newly appointed judge, Maryanne Trump
Barry, Donald Trump’s sister, was assigned the RICO case despite the
conflict of interest in light of hundreds of thousands of dollars of
illegal (drug) money being laundered through the Trump casinos by the RICO
defendants, and despite my motion to recuse her which motion she heard
herself and denied, and U.S. Trustee Hugh Leonard with whom I met
personally refused to join or file a separate motion to recuse and not
long thereafter left said office for private practice at Cole, Shotz, et
als on retainer with the RICO defendants as his primary client.
- Probative and evidentiary documents,
affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes
in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan
Lacey with whom I met personally at the U.S. Attorney’s Office in Newark,
N.J., at which time Samuel Alito was U.S. Attorney, and went over said
documents and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In addition to being
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. As much as I hate the mob, it truly was funny, if
not so tragic.], Alito is
also corrupt (and maybe corrupt because he is inept). After a reasonable
(but still rather short) time I called to determine the status and was
told that Alito was no longer with the Office of the U.S. Attorney, that
he was (appointed) a federal judge, and that neither the documents nor any
file or record of same could be located. Alito did parley the same /
cover-up into quid pro quo direct lifetime appointment to the Court of
Appeals, 3rd circuit, despite the absence of judicial
experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as
well). This is the same Sam Alito that now sits on the purported highest
court in the land. The real application of the illegal rule ‘don’t ask,
don’t tell’.
There is applicable insurance / surety coverage and neither LA, nor
creditors, nor I should continue to have been damaged by this brazened corrupt
and illegal scenario, which should be resolved in accordance with the
meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with
the line, computer connection may be the reason but I hesitate to chance
greater non-performance / worsening by their ‘fix’ so cell phone best for
contact).
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was flawed
as set forth below and my inquiries to the u.s. postal service rebuffed (I
believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. ]
-----
Former
president convicted of rape (Washington Post) [ Between the orgies, war crimes, assassinations, etc., what a
bunch of sick perverts, criminals the israeli operatives / powers that be and
their friends are; see, ie., Victor Ostrovsky Mossad
ebook download in PDF format September: Victor Ostrovsky, a former Mossad
trainee, publishes his book By Way of Deception ... Israel's Mossad has regularly
faked Australian passports for its. spies,
… 1 http://khup.com/keyword/victor-ostrovsky-mossad-by-way-of-deception.html 2 http://khup.com/keyword/page-2/victor-ostrovsky-mossad-by-way-of-deception.html 3 http://khup.com/keyword/page-3/victor-ostrovsky-mossad-by-way-of-deception.html ]
An Israeli court finds former president Moshe Katsav guilty of rape,
indecent assault and sexual harassment of female subordinates, the most serious
conviction of a former top official in Israel's history
A
villain in foreclosure crisis (Washington Post) [ Villain … as in singular … as opposed to plural in a very big way
… I don’t think so … We can hear new words ringing and put to that once popular
theme, formerly of love but now of fraud, ‘Where do we begin, to tell the story
of how great and massive frauds can be, that great fraud story that spreads
from sea to sea, in defacto bankrupt america and the futures taken from we …
Yes, ‘Fraud Story’ … the forever american story… It’s really that bad and worse
than could be imagined at this immutably intractable juncture. I mean, what isn’t fraudulent in pervasively
corrupt, defacto bankrupt america today, from courts, to government, to policy,
etc., ie., inter alia see infra, Senate convicts Clinton-appointed judge...
[ Come on! One way or another they’re almost all getting bribed; including the
initial lifetime appointment as alito, trump-barry, etc.. 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 ) End those lifetime licenses to steel. ] In earlier
hearings, two attorneys who once worked with Porteous had testified that they
gave him thousands of dollars in cash, including about $2,000 stuffed in an
envelope in 1999, just before Porteous decided a major civil case in their
client's favor. ] A registry with 67M
mortgages on file shoulders much of blame in the uproar over the paperwork
mess.
Economic
forecasters see growth in 2011 (Washington Post) [ Growth indeed … in the deficits that is …
and in insurmountable fashion at that … which masks / obfuscates in the
short-term the weakness and structural shift in the worst economic terms
imaginable while benefiting the self-interested few (ie., frauds on wall
street, war profiteers, the ‘already campaigning for the next election’ pols,
etc.. The trade-off is far from commensurate.
Tipping
Point: 25 Signs That The Coming Financial Collapse Is Now Closer Then Ever The
financial collapse that so many of us have been anticipating is seemingly
closer then ever. Over the past several weeks, there have been a host of
ominous signs for the U.S. economy.
The Economic Collapse
Dec 17, 2010
The financial
collapse that so many of us have been anticipating is seemingly closer then
ever. Over the past several weeks, there have been a host of ominous
signs for the U.S. economy. Yields on U.S. Treasuries have moved up
rapidly and Moody’s is publicly warning that it may have to cut the rating on
U.S. government debt soon. Mortgage rates are also moving up
aggressively. The euro and the U.S. dollar both look incredibly
shaky. Jobs continue to be shipped out of the United States at a
blistering pace as our politicians stand by and do nothing. Confidence in
U.S. government debt around the globe continues to decline. State and
local governments that are drowning in debt across the United States are
savagely cutting back on even essential social services and are coming up with
increasingly “creative” ways of getting more money out of all of us.
Meanwhile, tremor after tremor continues to strike the world financial
system. So does this mean that we have almost reached a tipping
point? Is the world on the verge of a major financial collapse?
Let’s hope
not, but with each passing week the financial news just seems to get eve
worse. Not only is U.S. government debt spinning wildly toward a breaking
point, but many U.S. states (such as California) are in such horrific financial
condition that they are beginning to resemble banana republics.
But it is not
just the United States that is in trouble. Nightmarish debt problems in
Greece, Spain, Portugal, Ireland, Italy, Belgium and several other European
nations threaten to crash the euro at any time. In fact, many economists are
now openly debating which will collapse first – the euro or the U.S. dollar.
Sadly, this is
the inevitable result of constructing a global financial system on debt.
All debt bubbles eventually collapse. Currently we are living in the
biggest debt bubble in the history of the world, and when this one bursts it is
going to be a disaster of truly historic proportions.
So will we
reach a tipping point soon? Well, the following are 25 signs that the
financial collapse is rapidly getting closer….
#1 The official U.S. unemployment rate has not been
beneath 9 percent since
April 2009.
#2 According to the U.S. Census Bureau, there are
currently 6.3
million vacant homes in the United States that are either for sale or for
rent.
#3 It is being projected that the U.S. trade deficit
with China could hit 270 billion dollars
for the entire year of 2010.
#4 Back in 2000, 7.2 percent of blue collar workers
were either unemployed or underemployed. Today that figure is up
to 19.5 percent.
#5 The Chinese government has accumulated approximately
$2.65 trillion in
total foreign exchange reserves. They have drained this wealth from the
economies of other nations (such as the United States) and instead of
reinvesting all of it they are just sitting on much of it. This is
creating tremendous imbalances in the global economy.
#6 Since the year 2000, we have lost 10% of our middle class jobs. In the
year 2000 there were approximately 72 million middle class jobs in the United States
but today there are only about 65 million middle class jobs.
#7 The United States now employs about the same number
of people in manufacturing as
it did back in 1940. Considering the fact that we had 132 million
people living in this country in 1940 and that we have well over 300 million
people living in this country today, that is a very sobering statistic.
#8 According to CoreLogic, U.S. housing prices have now
declined for
three months in a row.
#9 The average rate on a 30 year fixed rate mortgage soared
11 basis points just this past week. As mortgage rates continue to
push higher it is going to make it even more difficult for American families to
afford homes.
#10 22.5 percent of all residential mortgages in the
United States were in negative equity as of the end of the third quarter
of 2010.
#11 The U.S. monetary base has
more than doubled since the beginning of the most recent recession.
#12 U.S. Treasury yields have been rising steadily
during the 4th quarter of 2010 and
recently hit a six-month high.
#13 Incoming governor Jerry Brown is scrambling to find
$29 billion more to cut from the California state budget. The
following quote from Brown about the desperate condition of California
state finances is not going to do much to inspire confidence in California’s
financial situation around the globe….
“We’ve been living in fantasy land. It is much worse
than I thought. I’m shocked.”
#14
24.3
percent of the residents of El Centro, California are currently unemployed.
#15
The average home in Merced, California has declined in value by
63 percent over the past four years.
#16
Detroit Mayor Dave Bing has come up with a new way to save money. He
wants to cut 20
percent of Detroit off from essential social services such as road repairs,
police patrols, functioning street lights and garbage collection.
#17
The second most dangerous city in the United States – Camden, New Jersey – is
about to lay off about
half its police in a desperate attempt to save money.
#18
In 2010, 55
percent of Americans between the ages of 60 and 64 were in the labor
market. Ten years ago, that number was just 47 percent. More older
Americans than ever find that they have to keep working just to survive.
#19
Back in 1998, the United States had 25 percent of the world’s high-tech export
market and China had just 10 percent. Ten years later, the United States had
less than 15 percent and China’s share had soared to 20 percent.
#20
The U.S. government budget deficit increased to a whopping $150.4 billion last
month, which represented the biggest November budget deficit on record.
#21
The U.S. government is somehow going to have to roll over existing debt and
finance new debt that
is equivalent to 27.8 percent of GDP in 2011.
#22
The United States had been the leading consumer of energy on the globe for
about 100 years, but this past summer China took over the number one spot.
#23
According to an absolutely stunning new poll, 40 percent of all U.S. doctors plan to bail out of the
profession over the next three years.
#24
As 2007 began, there were just over 1 million Americans that had been
unemployed for half a year or longer. Today, there are over
6 million Americans that have been unemployed for half a year or longer.
#25
All over the United States, local governments have begun instituting “police
response fees”. For example, New York Mayor Michael Bloomberg has come up
with a plan under which a
fee of $365 would be charged if police are called to respond to an
automobile accident where no injuries are involved. If there are injuries
as a result of the crash that is going to cost extra.
Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is a complete
disaster," Howard Davidowitz declared here in July,
the most recent in a string of dire predictions from
Tech Ticker's most entertaining guest.On the eve of Thanksgiving, I asked
Davidowitz if he had any regrets, or was ready to throw in the towel given recent signs of
economic revival. Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent
in his views on President Obama, calling him "deranged, dysfunctional and
discredited."Results of the midterm election show "the people of this
country think we are in a catastrophe," he says. "I'm with
them."Check the accompanying video for more of Howard's unfettered
opinions and stay tuned for additional clips from
this interview. And...Happy Thanksgiving! Aaron Task is the host of Tech
Ticker. You can follow him on Twitter at @atask or email him at
[email protected]’
Timid
Tuesday: Is it Safe? Davis
‘… This is how we pay off our current debts and I think bondholders are
simply happy to get anything out of a country that admits it owes $15Tn (1/4 of
global GDP) but probably owes closer to $60Tn (entire global GDP) in the form
of unfunded liabilities. The funniest thing about this (and you have to laugh)
is to see Conservative pundits get on TV and talk about how we need to cut
$100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT
THERE! ‘
]
As 2011 begins, the U.S. is poised for its strongest year of economic growth
since the recession began three years ago. Plenty of risks that could undermine
the recovery remain, and it could take years of solid growth to get the nation
out of its deep economic hole.
Krauthammer:
How
to impose a liberal agenda (Washington Post) [ I am not being sarcastic
here when I say, and I believe with good reason, that liberal / conservative,
republican / democrat labels, agendas, distinctions are complete fictions today
in favor of the reality of total incompetence, pervasive corruption, and
self-interested expedience. Indeed, with dumbya bush bush being the easiest of
presidential acts to follow, wobama’s abject failure can be tied to his
label-defying continuation of
contraindicated self-sustaining / self-defeating war policies,
profligate spending on less revenue, etc.. Even the Reagan days are besmirched
by the reality of the substantial growth, not shrinkage of the government
bureaucracy. The 2 bush incompetents / war criminals were blazing bureaucrats
by any standard which was what made poppy bush a ‘required’ presence on the
Reagan ticket (cia, government mob, etc.). The clintons no different, and of
course, ‘wobama the b’ for b*** s*** at best no different and probably worse
which of course, consistent with their spend more on less revenues,
particularly to favor the few (ie., frauds on wall street, war profiteers,
government employees and contractors, etc., is reflected in the insurmountable
budget deficits and ultimately failed policies across the board. ]
Come on! Do you really believe those employment numbers? Given their
desperation, at best there was a collusive one day spike of one-day duration
temp hires on the last day of the month!
5
More Themes for 2011 Suttmeir ‘5 themes for 2011 (6 more are on their way):
- Home prices will resume a decline that began in
mid-2006. We had the home buyer
tax credits expire in mid-2010, and government sponsored mortgage
modifications provided limited help. In 2011 we face continued foreclosure
issues including questionable documentation, and banks have a record high
Other Real Estate Owned (OREO). OREO is up to $53.2 billion at the end of
the third quarter, up 338.2% since the end of 2007. Depressed home sales
are being sold at a 30% to 35% discount, which reduces property appraisals
at the county level. Home builders will have to compete with these lower
prices and we need a mortgage modification program for all Americans, not
just those at risk of losing their homes. QE2 is not working and US
Treasury yields are higher causing mortgage rates to rise. “The
Great Credit Crunch” began with housing, and that foundation needs repair
before Main Street can recover with sustainable job creation.
- Community banks still have $1.43 trillion in
commercial real estate loans that require resolution. The FDIC’s List of Problem Banks rose to 860 in
the third quarter of 2010, which is 11.1% of all insured institutions. My
analysis shows 2,485 or 32% of all banks overexposed to commercial real
estate loans, and 3,938 or 50.7% of all banks with real estate loan
pipelines that are 80% to 100% funded. This stress needs to be addressed
before jobs can be created on Main Street USA as housing and construction
drive local economies. “The Great Credit Crunch” will not end
without a program to remove toxic real estate loans from the books of
community banks around the country.
- The banking system is supposed to de-lever risk,
but it has not. When I look at
the Notional Amount of Derivative Contracts I cringe at the fact that
since the end of 2007 this risk category has grown $71.6 trillion since
the end of 2007, that’s an increase of 43.5% to $236.4 trillion at the end
of the third quarter in an environment where banks should be de-leveraging
not adding to this risk where financial time bombs are ticking.
- Fannie Mae and Freddie Mac will continue to drain taxpayer money as the
Treasury provides unlimited lines of credit through 2012. The cost
currently is about $150 billion, by far the largest of any government
bailouts. We need to unwind the activities of these GSEs, and beef
up Ginnie Mae as the go to government agency that backs new mortgage
issuance.
- Because of the housing market depression and
stress in the banking system the unemployment rate will stay above 9% for
all of 2011.
Tracking the US Capital Markets – US stocks are overvalued fundamentally and overbought
technically on both daily and weekly charts. The snow storm causes stocks
to drift lower and higher.
- The major equity averages are below this week’s
risky levels as the year draws to a close at: 11,629 Dow, 1269.4 SPX, 2682
NASDAQ, 5215 Dow Transports and 808.57 Russell 2000.
- Fifteen of sixteen sectors are overvalued
according to ValuEngine with only 37.9% of all stocks undervalued. At 35%
the stock market tends to find a top. Only 17.4% of all stocks are
undervalued by 20% or more.
Here are my remaining themes for 2011 – Six through
Eleven (a
continuation of 1-5)
6.
QE2, the $600 billion program where the Federal Reserve buys long dated US
Treasury Securities has been a failure so far. The yield on the 10-Year was 2.334 when Fed Chief
Bernanke touted QE2 in October only to see the yield nearly 125 basis points
higher in December. The primary intent of QE2 was to lower longer-dated US
Treasury yields. Yields held this week’s value level at 3.494 again on
Wednesday. There is risk to 3.75 to 4.25 in 2011, but with or without this
weakness, the 10-Year yield will decline to 2.75 to 2.50 during 2011.
7.
Comex Gold has gone parabolic, and therefore you cannot predict how high gold
prices can climb. I do know that
corrections will be fierce and painful for those that buy strength instead of
weakness. The 2011 neutral zone is between $1350 and $1450.
8.
Nymex Crude Oil is headed back above $100 per barrel according to most experts.
I cannot rule that out for 2011, but
the downside is more significant given weekly closes below the $87 per barrel
area. If gasoline stays above $3.00 per gallon demand on Main Street will slow
down and will be a drag on economic growth and job creation.
9.
Problems among the PIIGS nations denominated in euros will trump problems at
the state level in the USA. This
will keep the euro versus the dollar in a trading range. We will begin
2011 with a quarterly pivot around 1.3150.
10.
US stocks show strong technical characteristics. The S&P 500 is above the 61.8% Fibonacci
Retracement of the decline from October 2007 to the low of March 2009 at
1228.74. Dow Theory had a Buy Signal in early November and another confirmation
in December. The Dow Industrial Average – I project downside to 9,375 in
the first half with a rebound to 11,500 in the second half. Strength above
11,500 will return to 11,500, and the 2011 close will be at or below 11,500.
11.ValuEngine.com
indicates that equity fundamental are not cheap. Fifteen of sixteen sectors will begin 2011 overvalued
according to ValuEngine. The normal range for the percent undervalued or
overvalued stocks is 35% to 65%. We will begin 2011 close to the low end of the
range for undervalued stocks and towards the high end for overvalued stocks. Because
of the battle between the technicals and fundamentals, stocks will be
reversal-oriented in 2011 and be little changed year over year.
Tracking
the US Capital Markets – US stocks
are overvalued fundamentally and overbought technically on both daily and
weekly charts.
- The major equity averages remain below this
week’s risky levels as the year draws to a close at: 11,629 Dow, 1269.4
SPX, 2682 NASDAQ, 5215 Dow Transports and 808.57 Russell 2000.
- Fifteen of sixteen sectors are overvalued
according to ValuEngine with only 37.7% of all stocks undervalued. At 35%
the stock market tends to find a top. Only 17.5% of all stocks are
undervalued by 20% or more.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate
any positions within the next 72 hours.’
Struggling to the Finish Line: Dave's Daily ‘Most
economic news today (Jobless Claims, Chicago PMI and Home Sales) was, ahem,
"better than expected"; still, that didn't spark any determined
buying. Maybe without any POMO Thursday trading desks were running on empty.
2010 was an interesting year with lots of erratic behavior but a Fed
"stick save" in the end. Flash Crashes, elections, tax issues,
spending, unemployment, POMO and home prices were all center stage. Now you're
probably expecting some sort of forecast from your humble pundit, but alas, all
I can offer are three basic tenets to follow:
"The
best laid schemes of mice and men go often askew."
-- Robert
Burns
Or, if you
prefer: "The best laid plans of mice and men often go awry"
-- John
Steinbeck
"If
you must forecast, forecast often."
--Economist
Edgar Fiedler (ETF Digest Sacred Cow IX)
"Things
change"
-- ETF Digest
Sacred Cow X
You were
expecting Dow 20,000?!?
Volume
Thursday did improve a tad and breadth was flat… ‘
Baby
Boomers Start To Turn 65: 16 Statistics About The Coming Retirement Crisis That
Will Drop Your Jaw The American Dream | The moment when
the first Baby Boomers reach retirement age has arrived. ‘ … The following are
16 statistics about the coming retirement crisis that will drop your jaw…..
#1 Beginning January 1st, 2011 every single day more
than 10,000 Baby Boomers will reach the age of 65. That is going to keep
happening every single day for the next 19 years.
#2 According to one recent survey, 36 percent of
Americans say that they don’t
contribute anything at all to retirement savings.
#3 Most Baby Boomers do not have a traditional pension
plan because they have been going out of style over the past 30 years.
Just consider the following quote from Time
Magazine: The traditional pension plan is disappearing. In 1980, some
39 percent of private-sector workers had a pension that guaranteed a steady
payout during retirement. Today that number stands closer to 15 percent,
according to the Employee Benefit Research Institute in Washington, D.C.
#4 Over 30 percent of U.S. investors currently in their
sixties have more than 80
percent of their 401k invested in equities. So what happens if the
stock market crashes again?
#5 35%
of Americans already over the age of 65 rely almost entirely on
Social Security payments alone.
#6 According to another recent survey, 24%
of U.S. workers admit that they
have postponed their planned retirement age at least
once during the past year.
#7 Approximately
3 out of 4 Americans start claiming Social Security benefits the moment
they are eligible at age 62. Most are doing this out of necessity.
However, by claiming Social Security early they get locked in at a much lower
amount than if they would have waited.
#8 Pension consultant Girard Miller recently told
California’s Little Hoover Commission that state and local government bodies in
the state of California have $325
billion in combined unfunded pension liabilities. When you break that
down, it comes to $22,000 for every single working adult in California.
#9 According to a recent report from Stanford
University, California’s three biggest pension funds are as much as $500
billion short of meeting future retiree benefit obligations.
#10
It has been reported that the $33.7 billion Illinois Teachers
Retirement System is
61% underfunded and is on the verge of complete collapse.
#11 Robert Novy-Marx of the University of Chicago and Joshua
D. Rauh of Northwestern’s Kellogg School of Management recently calculated the
combined pension liability for all 50 U.S. states. What they found
was that the 50 states are collectively facing $5.17 trillion in
pension obligations, but they only have $1.94 trillion set aside in
state pension funds. That is a difference of 3.2
trillion dollars. So where in the world is all of that extra money
going to come from? Most of the states are already completely broke and
on the verge of bankruptcy.
#12
According to the Congressional Budget Office, the Social Security system will pay
out more in benefits than it receives in payroll taxes in 2010. That
was not supposed to happen until at least 2016. Sadly, in the years
ahead these “Social Security deficits” are scheduled to become absolutely
horrific as hordes of Baby Boomers start to retire.
#13
In 1950, each retiree’s Social Security benefit was paid for by 16
U.S. workers. In 2010, each retiree’s Social Security benefit
is paid for by approximately 3.3 U.S. workers. By 2025, it is
projected that
there will be approximately two U.S. workers for each retiree. How in
the world can the system possibly continue to function properly with numbers
like that?
#14
According to a
recent U.S. government report, soaring interest costs on
the U.S. national debt plus rapidly escalating spending on
entitlement programs such as Social Security and Medicare will absorb
approximately 92 cents of every single dollar of federal revenue by the
year 2019. That is before a single dollar is spent on anything
else.
#15
After analyzing Congressional Budget Office data, Boston University economics
professor Laurence J. Kotlikoff concluded that the U.S. government is facing a “fiscal
gap” of $202 trillion dollars. A big chunk of that is made up of
future obligations to Social Security and Medicare recipients.
#16
According to a recent AARP survey of Baby Boomers, 40
percent of them plan to work “until they drop”.
Companies all over America have been dropping their
pension plans in anticipation of the time when the Baby Boomers would
retire. 401k programs were supposed to be part of the answer, but if the
stock market crashes again, it is absolutely going to devastate the Baby
Boomers.
State and local governments are scrambling to find
ways to pay out all the benefits that they have been promising. Many
state and local governments will be forced into some very hard choices by the
hordes of Baby Boomers that will now be retiring.
Of course whenever a big financial crisis comes along
these days everyone looks to the federal government to fix the problem.
But the truth is that after fixing crisis after crisis the federal government
is flat broke …’
Underneath
the Happy Talk, Is This As Bad as the Great Depression? Washington’s Blog | Even though the government’s
spending on the economic crisis dwarfs the amount spent on the New Deal, our
economy is still stuck in the mud.
America Has Gone Away Anyone
who doesn’t believe that the US is an incipient fascist state needs only to
consult the latest assault on civil liberty by Fox News. Instead of informing
citizens, Fox News informs on citizens. Jason Ditz reports that Fox News “no
longer content to simply shill for a growing police state,” turned in a
grandmother to the Department of Homeland Security for making “anti-American
comments.”
Jumping
ship for private sector (Washington Post) [ Nothing new here! After all,
given the state of the u.s. government (pervasively corrupt, mired in failure,
nation’s defacto bankupt, totally incompetent, etc.), what possible value could
such experience be other than peddling influence based upon professional
criminal courtesy to, ie., other criminals of course, viz., frauds on wall
street, war profiteers, pay-to-play lobbyists, etc.. It’s truly the backstory
to america’s decline across the board, private sector and public sector. ]
Regulators, prosecutors and financial policymakers look to cash in on their
government experience.
Constitution's
new starring role in House (Washington Post) [ Riiiiight!…Whew! That was a close one…we can all
rest easy now…and to think we were thinkin’ they were goin’ in the wrong
direction and sinkin’…for those skeptics who hail this as yet another desperate
and redundant gimmick … have no fear, the new congress is here. ]
‘…They will read the Constitution aloud…’
Iraqi
police commander killed in triple suicide attack
(Washington Post) [ Well, at
least al-Maliki understands the ‘physics of the situation’… you know, that ‘cause
and effect thing’ … Iraq Wants the U.S. Out Infowars.com Prime Minister Nouri al-Maliki
ruled out the presence of any U.S. troops in Iraq after the end of 2011, saying
his new government and the country’s security forces were capable of
confronting any remaining threats to Iraq’s security, sovereignty and unity. ]
SUVs
lead U.S. auto sales growth (Washington Post) [ Sounds like a plan … ahead … for when $5 plus gas turns these
eventual valued antiques into ‘luxury mobiles’
… for that Sunday spin (expensive at that) down Main Street much like
the early 20th century motorcars themselves. Oil
Prices Are About To Wake Up To Peak-Production Realities? Infowars.com ] If U.S. consumers are in the
midst of a green revolution, the news hasn't reached car buyers.
Bank
failures hit record in 2010 (Washington Post) [ As night follows the day:
ROBERT
SHILLER: If House Prices Keep Falling This Fast, The Economy Is Screwed He
also says that if house prices keep falling this fast, the economy will face
“serious reasons to worry” (which, for Professor Shiller, is an apocalyptic
statement).
Roubini:
‘Housing Prices Can Only Move Down’ According to economist Nouriel Roubini,
the housing market is in a double dip. And negative Case-Shiller Home Price
numbers out today only confirm that unpleasant truth.
Underneath
the Happy Talk, Is This As Bad as the Great Depression? To find out, we’ll
look at a couple comparisons to get an idea of what is going on in the rest of
the economy. And then we’ll compare the government’s efforts in the 1930s to
today.
Video
of Bernanke and Geithner Trying to Get the Economy Unstuck Bernanke and
Geithner are driving the tow truck. The bulldozer which the tow truck is so
persistently trying to yank free is Wall Street, and the white SUV being
repeatedly rammed without any concern whatsoever is the little guy on Main
Street. ] More banks failed in the U.S.
this year than in any year since 1992, and there are more on the horizon.
Housing
market forecast (Washington Post) Expert says
"house prices probably have another 20% to fall." And that may be a
"conservative estimate.’
Disgraced ex-Israeli president convicted of rape (AP)
Israel's ex-president Katsav guilty of rape (Reuters)
The 10 Most Important Tax Tips Of 2010 Posted by Investopedia
It’s the end of the year, and while holiday baking may be top of mind, that
niggling little task of getting the year-end tax tasks done is still there,
bothering you over the scent of the fruitcake in the oven. The
following tips will give you some specifics so you can take care of taxes,
and then get back to your fun holiday activities.
IN
PICTURES: Top 10
Solutions For A Big Tax Bill
- Defer Income Until 2011
With lower payroll taxes starting in January 2011, if you have income you can defer and report in the new year’s taxes, do so. Hold your last batch of invoices and send them out in early 2011; save that bit of money by paying the 2011 tax rate. - Contribute To A Retirement Plan
Whether you choose to convert your traditional IRA to a Roth IRA or not, make sure you contribute the maximum amount you can before the year’s over. It’s one of the easiest ways to save money on your taxes. - Use Your Flexible Spending Account
If you have a flexible spending account (also known as a health savings account or medical/health care spending account), use up what’s left in your account for 2010. And if you haven’t opened one yet, check into what your company offers. Be sure to specify the amount of your 2011 wages that you want to have placed in your flexible spending account. (Learn more in Benefits Of A Dependent Care Flexible Spending Account.) - Invest In Your Business
If you need to make investments in your business – new equipment, upgraded machinery or real estate improvements – then invest before the year’s end for the write-off on your 2010 taxes. - Save Energy
Energy-efficient improvements in your residence before year’s end can get you a tax credit of up to $1,500. Though installing a new metal or asphalt roof may be out of the question between now and January 1, you can purchase energy-efficient windows, doors and appliances. And if you’re just itching for another home improvement project to tackle over the holidays, install a solar water heater or solar panels for another credit of up to 30% of the cost.
IN PICTURES: 6
Tax Credits That Anyone Can Claim
- Itemize, Itemize, Itemize
Keep track of your business expenses and put them into your itemized deductions; don’t forget home office purchases, supplies, fees for memberships in professional organizations, technological costs (web hosting, website design, internet costs). Be sure all your itemized costs are for the business and you have the receipts. - Donate
Make charitable donations before the year’s end for the write-off, but don’t make the mistake of sending out checks dated on or before December 31 and thinking they will qualify. The IRS specifies that checks mailed out must be postmarked by the last day of the year. You can also make donations through major credit cards, as long as the charges are authorized by the end of the year. (Generosity may be its own reward, but some charitable giving also provides personal tax benefits. Learn more in Deducting Your Donations.) - Contribute To A College Savings Plan
Save for your kids and save on your taxes - up to $13,000 in 2010 for a college savings plan. The magic $13,000 limit keeps you under the federal gift tax. - Pay Your Next Health Insurance Premium
If you’re self-employed, you can deduct 100% of the cost of health insurance premiums (up to the total of the net earnings of your business). That can be a rather hefty deduction, since it includes costs for your spouse and dependents as well. You can pay ahead – cover your first premium of the new year in 2010, and you can claim it on your 2010 taxes. (Find out where you can take a tax deduction on the contributions you make; see Traditional IRA Deductibility Limits For 2010.) - Pay Into A Specialized Account
Some employers offer the opportunity to contribute into specialized accounts, including dependent and commuter accounts. A dependent account covers the cost of child care, and a commuter account covers the cost of commuting expenses. Both have limits, but both can help you save on your taxes while paying for stuff you have to pay for anyway.
The Bottom Line
With taxes, you don’t know until you ask. You may be able to save much more
than you think you can just by making a few simple changes, or by paying for
expenses in December instead of January, February or March. It’s a little bit
of forethought that can make the tax bill much more bearable.
For the latest financial news, see Water
Cooler Finance: FBI Insider-Trading Bust.’
Fed Can’t Prop
Up Stock Market Forever USA Watchdog | From the very
beginning of QE2, it was no secret the Federal Reserve wanted the stock market
to rise.
BofA/Countrywide
Lied About Virtually Everything When Selling Mortgages Zero Hedge
| A few days ago, news broke that MBIA was allowed to use statistical sampling
in its ongoing Bank of America fraud lawsuit.
Hollywood and the war
machine [ I disagree. Yes, there’s
plenty of propaganda to go around in Hollywood, as everywhere else; but, on
balance, I believe more modern film particularly tends to paint war in the more
realistically negative light. This is especially so inasmuch as there hasn’t
been what anyone could call a so-called ‘good war’ to justify america’s war
criminal behavior for quite some time. Of course, there’s no denying the jewish
elements so stereotypical of Hollywood which does lend credence to the
criticism; but such ‘pro-zionist revelatory filmmaking’ as that regurgitated
by, ie., spielberg, etc., has become so predictably boring and devoid of
reality that such films now pale in comparison and popularity to the anti-war
films including offhand, ie., ‘Platoon’, ‘Apocalypse Now’, and more recently,
‘Hurt Locker’. It is true that in the past the military strong-armed even the
likes of Frank Capra to their propaganda campaigns; and, it is also true that
today’s attacks on first amendment protected speech are unprecedented in scope
as a consequence of the perceived threat of truth (of america’s pervasive
corruption, war crimes, fraud, etc.) leaking out all over … the internet
(mainstream media is concededly totally controlled – I don’t include, ie., The
Washington Post in the category of controlled media, but other papers, tv,
etc., certainly should be). Yet, I think the criticism better directed at the
source; viz., the criminal and corrupt elements of the american government et
als, which is almost all. ( I admit to being somewhat biased and ‘I previously wrote on my site, ‘I
happen to like and respect film as a rich medium which presents large amounts
of audio, visual, and thematic information which can be processed in relatively
small amounts of time, etc..’).
] Al Jazeera | War is hell, but for Hollywood it has been a Godsend,
providing the perfect dramatic setting against which courageous heroes win the
hearts and minds of the movie going public. Russia rebuffs Western criticism of oil
tycoon's trial (Washington Post) [ As right they should! After all,
is anyone foolish enough to believe that america’s illegal system is anything
but a farce and a means to legitimize blatantly illegal activity domestically
and internationally, while arbitrarily enforcing as to some and retaliating
against others … does anybody really believe Assange would get a fair trial in
america, or Orwellian britain, etc..
Pervasively corrupt america’s illegal system is a travesty and their propaganda
dogs don’t hunt no more!
Army
edits its history of deadly battle of Wanat (Washington
Post) [ Come on! Does anyone really think they ever get a true story from the
u.s. gov’t et als about anything at all?
] Draft put majority of blame on top commanders, but final version's
focuses on lower-level leaders sparks anger among families of those killed.
A subtler tack to fight Afghan corruption?
(Washington Post) [ How
about a not so subtler tack to fight corruption starting right here in the u.s.
of a. where corruption and crime are pervasive and in fact, at the root of the
Afghanistan problems, from american reinvigorated heroin trade to bribery
attendant thereto to killing civilians, etc..
Defacto
Bankrupt, Meaningfully Lawless, War Criminal Nation america, the leader of
nations … in crime:
Though having but 5% of the world’s population, america can
boast 76% of the world’s serial killers, followed by Europe with England/UK
then Germany leading the way for the eu [excerpt, 6 minute video, Serial
Killers: Real Life Hannibal Lechters http://www.albertpeia.com/realifeamericaserialkillers.mpg (as is consistent with crime generally,
see infra)]. Defacto bankrupt, fraudulent america also spends more on offensive
(defensive a misnomer / propaganda) military spending than all the nations of
the world combined, and by a large margin at that. Do you see a pattern emerging
here [ I unfortunately only belatedly did, and the feds, fed employees, cia,
all 3 branches of the u.s. government, etc., are included in this evolved
american trait of inherent criminality in the most nefarious sense ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) ]:
CRIME STATISTICS >
TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST AVAILABLE DATA (america’s No. 1).
|
Rank |
|||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
… ]
WikiLeaks
founder could be charged by Feds
(Washington Post) [ He deserves a medal! I think they should start prosecuting american war criminals,
frauds on wall street, $12 billion $100 bills flown into and missing in Iraq, 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, … etc. … Drudgereport:
CLASSIFIED
NO MORE: USA RACES TO LIMIT WIKILEAKS DAMAGE
[Publishing the Wikileaks is the right thing to do; after all, one
cannot possibly look to even one rationally correct strategy, domestically,
globally, geopolitically that would justify continued hiding/cover-up of the
failed strategies, their genesis, flawed rationale, etc., which has cost this
nation and the world dearly] ...
WIKILEAKS:
We've been hit with 'mass distributed denial of service attack'...
MOST
EMBARRASSING, DAMAGING DISCLOSURE IN DECADES...
SENATORS:
PROSECUTE THE LEAKERS!
NYT
EXPLAINS: THE DECISION TO PUBLISH … [The NYT clearly did the right thing to
publish; after all, one cannot possibly look to even one rationally correct
strategy, domestically, globally, geopolitically that would justify continued
hiding/cover-up of the failed strategies, their genesis, flawed rationale,
etc., which has cost this nation and the world dearly]...
SKorea
says sound of artillery heard on island...
US,
SKorea start major naval drills...
China
issues warning...
DHS
SEIZES DOMAIN NAMES...
EU
Debt Crisis Escalates...
6
American soldiers killed in Afghanistan...
Next Debt
Crisis 'May Start in Washington'...
WIKILEAKS
TURNS ON OBAMA! … [ Like who hasn’t, and for good reason! Publishing
the Wikileaks is the right thing to do; after all, one cannot possibly look to
even one rationally correct strategy, domestically, globally, geopolitically
that would justify continued hiding/cover-up of the failed strategies, their
genesis, flawed rationale, etc., which has cost this nation and the world
dearly] ]
] Authorities are
investigating whether Julian Assange violated criminal laws, including possible
charges under the Espionage Act, sources say. Afghanistan: Gates: Progress has
'exceeded my expectations' (Post, December 8, 2010; 5:53 PM)
U.S. hurting peace chances by giving up on
israeli settlement freeze, analysts say (Post,
December 8, 2010; 11:00 PM)
In South Korea, Joint Chiefs chairman scolds
China for its 'tacit approval' of North's aggression (Post,
December 8, 2010; 11:01 PM)
Iran talks end with little sign of progress
(Post, December 8, 2010; 1:04 AM)
Rice, on 'The View,' defends Obama on
WikiLeaks (Post, December 8, 2010; 1:00 AM) (Washington Post) [ The problems in all these regions
are inextricably tied to the nation with insurmountable problems of its own and
own making. That nation quite obviously
is pervasively corrupt, meaningfully lawless, defacto bankrupt america (along
with such comparable enablers / allies as zionist israel, nato, etc.. How can
anyone believe anything they say, least of all gates who hails from
C(ottage)I(ndustries of)A(merica) based on lies, chaos, and conflict.]
Americans
Oppose Government Efforts To Take Over Internet According to a recent
Rasmussen’s poll, most Americans understand the FCC’s internet regulations will
be used by the government to push a political agenda.
Looking
back at 2010 (Washington Post) [ I think Mr. Sloan should run for office or
be appointed ‘Head of the Fed’ or u.s. attorney general, though his lack of
‘liar’ credentials might exclude the latter!
] I have performed a painful annual ritual ever since I began writing a
column about 20 years ago: re-reading my work for the year and telling you
about the things I got wrong and the things I wish I'd done differently.
Russia rebuffs Western criticism of oil
tycoon's trial (Washington Post) [ As right they should! After all,
is anyone foolish enough to believe that america’s illegal system is anything
but a farce and a means to legitimize blatantly illegal activity domestically
and internationally, while arbitrarily enforcing as to some and retaliating
against others … does anybody really believe Assange would get a fair trial in
america, or Orwellian britain, etc..
Pervasively corrupt america’s illegal system is a travesty and their propaganda
dogs don’t hunt no more!
Army
edits its history of deadly battle of Wanat (Washington
Post) [ Come on! Does anyone really think they ever get a true story from the
u.s. gov’t et als about anything at all?
] Draft put majority of blame on top commanders, but final version's
focuses on lower-level leaders sparks anger among families of those killed.
A subtler tack to fight Afghan corruption?
(Washington Post) [ How
about a not so subtler tack to fight corruption starting right here in the u.s.
of a. where corruption and crime are pervasive and in fact, at the root of the
Afghanistan problems, from american reinvigorated heroin trade to bribery
attendant thereto to killing civilians, etc..
Defacto
Bankrupt, Meaningfully Lawless, War Criminal Nation america, the leader of
nations … in crime:
Though having but 5% of the world’s population, america can
boast 76% of the world’s serial killers, followed by Europe with England/UK
then Germany leading the way for the eu [excerpt, 6 minute video, Serial Killers:
Real Life Hannibal Lechters
http://www.albertpeia.com/realifeamericaserialkillers.mpg (as is consistent with crime generally,
see infra)]. Defacto bankrupt, fraudulent america also spends more on offensive
(defensive a misnomer / propaganda) military spending than all the nations of
the world combined, and by a large margin at that. Do you see a pattern
emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) ]:
CRIME STATISTICS >
TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST AVAILABLE DATA (america’s No. 1).
|
Rank |
|||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
… ]
WikiLeaks
founder could be charged by Feds
(Washington Post) [ He deserves a medal! I think they should start prosecuting american war criminals,
frauds on wall street, $12 billion $100 bills flown into and missing in Iraq, 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, … etc. … Drudgereport:
CLASSIFIED NO MORE: USA RACES
TO LIMIT WIKILEAKS DAMAGE [Publishing
the Wikileaks is the right thing to do; after all, one cannot possibly look to
even one rationally correct strategy, domestically, globally, geopolitically
that would justify continued hiding/cover-up of the failed strategies, their
genesis, flawed rationale, etc., which has cost this nation and the world
dearly] ...
WIKILEAKS: We've been hit
with 'mass distributed denial of service attack'...
MOST EMBARRASSING, DAMAGING
DISCLOSURE IN DECADES...
SENATORS: PROSECUTE THE
LEAKERS!
NYT EXPLAINS: THE DECISION TO
PUBLISH … [The NYT clearly did the right thing to publish; after all, one
cannot possibly look to even one rationally correct strategy, domestically,
globally, geopolitically that would justify continued hiding/cover-up of the
failed strategies, their genesis, flawed rationale, etc., which has cost this
nation and the world dearly]...
SKorea says sound of
artillery heard on island...
US, SKorea start major naval
drills...
China issues warning...
DHS SEIZES DOMAIN NAMES...
EU Debt Crisis Escalates...
6 American soldiers killed in
Afghanistan...
Next Debt Crisis 'May Start in Washington'...
WIKILEAKS TURNS ON OBAMA!
… [ Like who hasn’t, and for good reason! Publishing the Wikileaks is the right
thing to do; after all, one cannot possibly look to even one rationally correct
strategy, domestically, globally, geopolitically that would justify continued
hiding/cover-up of the failed strategies, their genesis, flawed rationale,
etc., which has cost this nation and the world dearly] ]
] Authorities are
investigating whether Julian Assange violated criminal laws, including possible
charges under the Espionage Act, sources say. Afghanistan: Gates: Progress has
'exceeded my expectations' (Post, December 8, 2010; 5:53 PM)
U.S. hurting peace chances by giving up on
israeli settlement freeze, analysts say (Post,
December 8, 2010; 11:00 PM)
In South Korea, Joint Chiefs chairman scolds
China for its 'tacit approval' of North's aggression (Post,
December 8, 2010; 11:01 PM)
Iran talks end with little sign of progress
(Post, December 8, 2010; 1:04 AM)
Rice, on 'The View,' defends Obama on
WikiLeaks (Post, December 8, 2010; 1:00 AM) (Washington Post) [ The problems in all these regions
are inextricably tied to the nation with insurmountable problems of its own and
own making. That nation quite obviously
is pervasively corrupt, meaningfully lawless, defacto bankrupt america (along
with such comparable enablers / allies as zionist israel, nato, etc.. How can
anyone believe anything they say, least of all gates who hails from
C(ottage)I(ndustries of)A(merica) based on lies, chaos, and conflict.]
U.S.
home prices drop 1.3% (Washington
Post) [ Oooooh! Ouch … but no say the
frauds on wall street … that’s a good thing … you know … that ‘affordability
thing’ … yes, they say … sounds like a plan!
] Six regions hit new lows, and they're not expected to rebound anytime
Budget
proposal to be delayed (Washington Post) [
At this point, who’s still counting … and does it count? I mean, near
$14 trillion and counting, the question is ‘can they count’ … then there’s the
real debt … Timid
Tuesday: Is it Safe? Davis ‘… This is how we
pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE
CAREFUL OUT THERE! ‘ … Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is a complete
disaster," Howard Davidowitz declared here in July,
the most recent in a string of dire predictions from
Tech Ticker's most entertaining guest.On the eve of Thanksgiving, I asked
Davidowitz if he had any regrets, or was ready to throw in the towel given recent signs of
economic revival. Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent
in his views on President Obama, calling him "deranged, dysfunctional and
discredited."Results of the midterm election show "the people of this
country think we are in a catastrophe," he says. "I'm with
them."Check the accompanying video for more of Howard's unfettered
opinions and stay tuned for additional clips from
this interview. And...Happy Thanksgiving! Aaron Task is the host of Tech
Ticker. You can follow him on Twitter at @atask or email him at
[email protected]’ ] President Obama expects to release his fiscal 2012 budget a week
later than the timetable set out under the Budget Act of 1974.
2010
worst year for bank failures since 1992 (Washington Post) [ And you can
safely say the worst is not over and there’s more to come …’ Suttmeier ‘5
Economic Themes for 2011 (6 more
are on their way): … 3.The banking system is supposed to de-lever risk, but it
has not. When I look at the Notional Amount of Derivative Contracts I cringe at
the fact that since the end of 2007 this risk category has grown $71.6 trillion
since the end of 2007, that’s an increase of 43.5% to $236.4 trillion at the
end of the third quarter in an environment where banks should be de-leveraging
not adding to this risk where financial time bombs are ticking…’ ‘Deadbeat’
TARP banks on rise (Washington Post) [ Sounds like a plan! Viz., when worthless
paper / securities / toxic assets are being carried in the trillions now marked
to anything (as per legislated mark to anything FASB rule change), the reality
is that there’s no real surplus from which to pay dividends, etc.. ] Obama administration steps up monitoring
of banks that miss required payments.
] The nation is closing out the
year with 157 bank failures, up from 140 in 2009.
5
Economic Themes for 2011 Suttmeier
‘5 themes for 2011 (6 more are on their way):
- Home prices will resume a decline that began in
mid-2006. We had the home buyer
tax credits expire in mid-2010, and government sponsored mortgage
modifications provided limited help. In 2011 we face continued foreclosure
issues including questionable documentation, and banks have a record high
Other Real Estate Owned (OREO). OREO is up to $53.2 billion at the end of
the third quarter, up 338.2% since the end of 2007. Depressed home sales
are being sold at a 30% to 35% discount, which reduces property appraisals
at the county level. Home builders will have to compete with these lower
prices and we need a mortgage modification program for all Americans, not
just those at risk of losing their homes. QE2 is not working and US
Treasury yields are higher causing mortgage rates to rise. “The
Great Credit Crunch” began with housing, and that foundation needs repair
before Main Street can recover with sustainable job creation.
- Community banks still have $1.43 trillion in
commercial real estate loans that require resolution. The FDIC’s List of Problem Banks rose to 860 in
the third quarter of 2010, which is 11.1% of all insured institutions. My
analysis shows 2,485 or 32% of all banks overexposed to commercial real
estate loans, and 3,938 or 50.7% of all banks with real estate loan
pipelines that are 80% to 100% funded. This stress needs to be addressed
before jobs can be created on Main Street USA as housing and construction
drive local economies. “The Great Credit Crunch” will not end
without a program to remove toxic real estate loans from the books of
community banks around the country.
- The banking system is supposed to de-lever risk,
but it has not. When I look at
the Notional Amount of Derivative Contracts I cringe at the fact that
since the end of 2007 this risk category has grown $71.6 trillion since
the end of 2007, that’s an increase of 43.5% to $236.4 trillion at the end
of the third quarter in an environment where banks should be de-leveraging
not adding to this risk where financial time bombs are ticking.
- Fannie Mae and Freddie Mac will continue to drain taxpayer money as the
Treasury provides unlimited lines of credit through 2012. The cost
currently is about $150 billion, by far the largest of any government
bailouts. We need to unwind the activities of these GSEs, and beef
up Ginnie Mae as the go to government agency that backs new mortgage
issuance.
- Because of the housing market depression and
stress in the banking system the unemployment rate will stay above 9% for
all of 2011.
Tracking the US Capital Markets – US stocks are overvalued fundamentally and overbought
technically on both daily and weekly charts. The snow storm causes stocks
to drift lower and higher.
- The major equity averages are below this week’s
risky levels as the year draws to a close at: 11,629 Dow, 1269.4 SPX, 2682
NASDAQ, 5215 Dow Transports and 808.57 Russell 2000.
- Fifteen of sixteen sectors are overvalued according
to ValuEngine with only 37.9% of all stocks undervalued. At 35% the stock
market tends to find a top. Only 17.4% of all stocks are undervalued by
20% or more.
The Yield on the 10-Year Note (3.345) – Tested this week’s value level at 3.494 with today’s
risky level at 3.306.
Comex Gold ($1384.2) – The 50-day at $1372.1 held at the low on Monday with
this week’s risky level at $1401.2.
Nymex Crude Oil ($90.79) – Reached a new high for the year at $91.88, shy of
this week’s risky level at $93.28. Support is the 21-day simple moving average
at $88.24.
The Euro (1.3163) – My weekly value level is 1.2906 with 200-day simple
moving average at 1.3087 and quarterly pivot at 1.3318, which goes away at the
end of the year.
The Dow Industrial Average (11,555) – Remains extremely overbought on both daily and weekly
charts. The 21-day simple moving average is 11,384 with a daily pivot at 11,569
and this week’s risky level at 11,629.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate
any positions within the next 72 hours.
Market
Crash on 12/31/10? Technical indicators suggest market collapse may
begin by December 31st Why
Stocks Could Collapse...Beginning as Soon as December 31, 2010!
The Fed has propped up the equity markets for
months ... but that could soon come to a
disastrous end! Dennis Slothower is one of the world’s leading technical analysts.
He’s one of the few advisors whose readers completely avoided ALL losses during
the disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon as December 31st– so it’s important that you take action now
to prepare yourself. Click on the link below for immediate access to Dennis
Slothower’s latest report, which will explain – in plain English – just how
Dennis saw the collapse of 2008 coming…and how he’ll help you avoid disaster in
the weeks ahead. http://www.stealthstocksonline.com/reports/FreeReport4StealthStocks.pdf
Don't Be Fooled By Investment Disinformation [ While this is
axiomatically true, it is also true that one must go beneath the numbers to
find the reality underlying particularly manipulated moves which, as one might
expect from a forbes contributor with an indirect bobblehead nod to the u.s.
market based upon, ie., ignoring such things as the debased dollar,
insurmountable debt, fraud, etc.. The u.s. numbers are a joke to keep ‘fools
rushin’ in’, to keep them sucked in, etc.. ]
What's
Coming in 2011? More Gloom, But Not Necessarily Doom Krasting ‘Oh boy, is 2011
going to be an exciting year! Some things that I think might happen:
- Volatility is going up across the board. If you
have the stomach for the swings that are coming across all markets, there
is a ton of money to be made; balls and timing are all that are necessary.
The markets will create dozens of opportunities to make and lose.
- There will be 50 days with a swing in the
S&P greater than 1 percent. There will be 10 days where gold swings
$50. There will be two days with a drop greater than 100 bucks. Most of
the big moves will be down moves. Bonds will not be spared the volatility.
- Gold will be higher a year from now, but off its
peak. At some time in the fall, gold will be near $1,800 and The New
York Times will do a front-page story that gold is on its way to
$2,000. That will be the high point of the year.
- Copper will continue to rise. This metal will
benefit as the poor man’s gold. Why buy an ounce of something for $1,600
when you can have a whole pound of something else for only $5? The logic
is compelling only because there is no logic. Increasingly, it will become
understood that money does not hold value. Copper will do a better job of
storing value then a Treasury Bond.
- The U.S. bond market is in for a heck of a year.
The 30-year will trade at both 3% and 5 percent. Higher rates will come
early in the year, then the deflation trade will come back into vogue.
- Spain will be the next sovereign debtor that
falls prey to the market. This will happen before the end of the 1st Q.
The package to bail them out will exceed $500b, which will exhaust EU
resources. There will be very high expectations that contagion will then
move to Italy; that will not happen in 2011 (but might in 2012?). The
European Central Bank (ECB) will step up to the table (finally) and
support the market for Italy. Sometime between March and June, Italian
bonds will be a great buy.
- The IMF will contribute $125b to the Spanish
bailout. The U.S. portion of this will be $25b. Republican Senators and
Congressmen go nuts. The American people will side with them. "How
can we help Spain but not California?" will be the mantra. In
the end, the IMF commitment will stand. But that will be the last time the
U.S. contributes to a sovereign bailout. This will prove to be very
destabilizing at some point after 2011.
- The ECB will be forced to issue bonds that are
joint and several debt of the EU members. This development will stabilize
the EU temporarily, but it will be hated in Germany. The amount of the new
issuance of these bonds will be small. The program will be terminated in
2012.
- The dollar versus the euro will be all over the
lot. The low for EURUSD will be ~1.17. The really big surprise is that
toward the end of the year, the euro will be pushing 1.50.
- The franc will be like copper. It will attract
investors as there is no good alternative. Before June EURCHF will trade
below 90.
- The market will finally wake up to the fact that
the yen is not a good store of wealth. The continuing argument will be,
“Yeah, the yen stinks, but everything else is worse so it should be
okay." Wrong. The yen is a short. The best currency trade of the year
will be long sterling/short yen. There will be better levels to put this
trade on than exist today; be patient.
- The U.S. will have a full year deficit of $1.4
trillion. This depressing reality will hang on the U.S. economy/markets.
Congress will talk about the problem endlessly, but little will be
accomplished. By the end of the year, the problem will be so acute that
belt-tightening is put in place for 2013-15 ... but it will be too late by
then.
- QE2 will be the last QE we see. The program will
end (on schedule) on June 30. Perversely, long-term interest rates will
rise as long as QE continues. When the program is finished, rates will
begin a rapid decline. This will not go unnoticed by academia. The result
will be that QE will be a disgraced policy that will not be used again for
at least five years.
- The high for the S&P will occur before June.
The S&P will fall short of 1,500. The low will be 1,100.
- Oil will rise to $130 in the next six months. It
will be above $100 at the end of the year.
- China’s inflation rate will continue to rise.
Food will be the primary driver. The central government will respond with
monetary tightening and an acceleration of the yuan appreciation. It will
not work. Inflation will push 7 percent. The domestic economy will
continue to grow, but at a much smaller pace. 5% GDP growth will be only
5% for the year. The trade surplus will fall by a third.
- Brazil will continue to shine as a resource-rich
country that runs a trade surplus and has low budget deficits. The
surprise of the year will be Argentina. Food will be the reason.
Argentina’s fortunes will improve with rising wheat and soy prices.
- The U.S. will wind down its presence in Iraq.
With each step we take out the door, domestic violence will rise. Iran
will assume a larger role in the south, especially in Basra. This will not
go over well with the U.S. Much of the year will be spent debating what
should be done. U.S. warships will be off the Iranian coast waiting for a
phone call, but no shots will be fired. Russia and Germany will not go
along with strong sanctions against Iran. The problem will fester toward a
resolution in 2012.
- Kim Jong-il will die. His son, Kim Jong-un, will
take over. The heir is a nut; there will be more military exercises that
result in shells landing on South Korean soil. China will make public
statements that it is trying to bring order; behind the scenes, it will be
applauding the chaos.
- Obama’s popularity will continue to fall. The
legislative “successes” at the end of 2010 will convert to a series of
failures. There will be no new stimulus. Portions of the health care
legislation will be dialed back. The mandatory participation feature will
be found unconstitutional. Without this feature the legislation makes no
economic sense, and a great debate will be initiated as to what to do
about it. Nothing will be accomplished. Reason? There are no “answers” to
this problem.
- Obama will propose a means test for Social
Security in his State of the Union address. Retirees who are living the
high life (Warren Buffett types) are going to have their Social Security
checks cut to the bone. Any senior with income of $200k will be impacted.
The great socialization of Social Security will have begun. The popularity
of this program will fall off a cliff.
- The 2% reduction on worker contributions to
Social Security will be extended and expanded to 3% for 2012. Rates will
not go up in future years. Social Security will have to be gutted as a
result. This will not happen in 2011. But the seeds will be sown for this
to occur in 2014.
- 2011 will be a stock pickers' market. Index
investing will see a bad year. Some of the darlings of 2011, like Apple (AAPL) and Netflix (NFLX) will not fare so well. While I
don’t see big declines in these stocks, there are much better places to
put money to work. M&A will be a dominant theme; that is where the
action will be.
- There will be at least three more "flash
crashes." The SEC will launch another investigation into how this
could happen. The conclusion will be that ETFs and how dealers manage them
are responsible for the liquidity problems in individual stock names.
There is no solution to this problem. The market will be on edge looking
for the next mini-crash. A stock will fall prey to this and drop 20% in
seconds. Unlike prior examples, there will be no recovery in the stock.
Holders will protest the losses. There will no restitution. Market
confidence will fall as a result.
- Meredith Whitney will be proven wrong in her
forecast that 50-100 munis go Chapter 9 this year. The process to
insolvency takes much longer than she has anticipated. Only 11 munis will
make a chapter filing; the rest will be pushed to the brink in 2012.
- The center of attention will move away from
California as the most bankrupt state. In his State of the State address
in January, New York’s new governor, Andrew Cuomo, will fess up to the
fact that for the past year of so New York has been burying its problems.
Substantial cutbacks in spending will be the result. New York State long
-term GOs will trade at 6% at some point in the year.
- Unemployment will not go down. The average for
the year will be above 10 percent. The number of workers who leave the
system will rise to 20mm. These workers will find part-time jobs that pay
cash. The new day-workers will compete will illegals for employment.
Social tensions will be the result.
- The Chevy Volt will not sell well. Boeing (BA) will be unable to complete a single Dreamliner.
GM (GM)
will trade below $30; Boeing will hit the low $50s.
- The Singapore dollar will be the strongest
currency on the globe in 2011.
- Apple will not come up with a new product this
coming year. The rest of the consumer tech manufacturers will gain some
market share. The problems with dropped calls with the iPhone will be an
issue. Apple will respond with alliances with a number of other providers.
AT&T's (T) stock will suffer as a result.
- Headline inflation will rise a bit, and will
push through 2 percent. Those numbers are meaningless. The price of a pair
of jeans will be 50% higher. Food will cost us 15% more. Gas will be at
$4. Bernanke’s QE will be blamed for the inflation.
- Much to my chagrin and surprise, Tim Geithner
will not be replaced as Treasury Secretary. He will continue to do a very
mediocre job for us. He will be replaced in January of 2012.
- Comcast (CMCSA) will complete its acquisition of
NBC/CNBC. One of its first acts will be to fire Mark Haines. Nothing will
help. The ratings will continue to fall. Becky Quick will move to Fox
Business. Diana Olick will get her own show. She is being groomed to be
the next Suzie Orman. Simon Hobbs will return to London.
- Fannie (FNMA.OB) and Freddie (FMCC.OB) will be merged. Out of the ashes
will come a good bank and a bad bank. The bad bank will hold $2.5 trillion
in questionable mortgages. The U.S. will end the year exactly where it
started on this critical issue. The federal government will be responsible
for more than 95% of all new mortgages issued.
- Washington's other mortgage lender, the Federal
Housing Authority (FHA), will run into troubles. Its minimum reserve level
set by Congress will be breached. A bailout will be required. The true
cost is buried. The bailout will be less than $20b. As this is a problem
for the Senate, the legislation will be passed quickly.
- There will not be a "failure of a
government" bond auction. But the coverage for each issuance will
grow smaller. China, Russia and Brazil will reduce their holdings of U.S.
reserves. The mysterious "household" sector will show a huge
increase in Treasury holdings. This will be confusing, as it will not
match up with other data. U.K. reserve holdings will show a decline. These
are actually holdings of China that were not included in official
reserves. This will bring uncertainty.
- "Mortgage-gate" will die as a headline
story. In fact, it will go the other way during the year. Increasingly,
the problems in real estate will be focused on the fact that there have
been too few foreclosures. The fact that too many people had been living
in a home without paying a dime becomes a cost that all have to bear. As a
result, there will be a much higher level of foreclosures throughout the
year. Contrary to expectation, residential real estate for average-priced
homes will not decline much further. However, prices for high-end homes
will continue to fall. Anything with a price tag of greater than $1mm will
be worth 20% less by the end of the year.
- The narco violence in Mexico will expand to many
more cities; tourism will be hurt as a result. Some of the violence will
pass over our border. Anti-immigration attitudes will expand. Because the
low-end economy will remain in the dumpster, the actual number of illegal
aliens will decline by more than 1mm. This will add to the RE woes in some
U.S. areas. It will stress the countries that they originated from as
dollar remittances decline.
- Interest rates will be higher throughout the
year for corporate bonds and munis. This will bring a reversal of the
mania to buy dividend stocks. Those who thought that this investment
strategy would work for them will be disappointed. The number of hucksters
pushing the dividend story will grow in number while the popularity of the
strategy declines.
- Jon Hilsenrath will write an article for The
Wall Street Journal that is actually critical of the Fed. The
unpopularity of the Fed will rise to such a level that Jon will have no
choice but to follow suit.
- The Fed will come under attack from all sides.
It is truly in a no-win situation. Unemployment will continue to rise
while inflation rises and the dollar declines. One side will shout that
the Fed did too little (Krugman), others that it did too much (the rest of
the world). Everyone will hate the Fed as a result. Bernanke will not lose
his job, but his term as boss at the Fed will be forever tainted.
- ZIRP will be with us for yet another year.
Bernanke will not let go of this loser policy. Inflationary expectations
will respond at some point. By the end of the year, a Fed funds rate
increase will be seen as imminent even though the economy will be soft.
- Social unrest will become visible in America in
2011. There will be demonstrations in many major cities. Some will turn
violent. Economics will be at the heart of the anger. The frustration that
was evident in France in recent years will come to the U.S.
Have a great year!’
Artificial intelligence to transform web: Russian tycoon (AFP)
J.P Morgan,
the ultimate *ankers of 2010 Economic Assassin | The
contracts that Bear Stearns once held on silver have now been taken over by J.P
Morgan, allowing them complete control on the paper price on silver.
GAO
Sees Problems in Government’s Financial Management Accounting Today
| Government Accountability Office Can’t Hold Government Accountable.
War Would End the
Recession? Steven Horwitz | Krugman says destruction
creates wealth.
9
Signs That The Price Of Oil In 2011 Will Soar Well Beyond 100 Dollars A Barrel
Will
we see the price of oil rise significantly in 2011? Unfortunately, that appears
to be precisely where we are headed. Despite stubbornly high unemployment and a
very sluggish economy in the United States, the price of oil continues to creep
upward. Ex-Shell
president sees $5 gas in 2012 The
former president of Shell Oil, John Hofmeister, says Americans could be paying
$5 for a gallon of gasoline by 2012.
Nearly
100 bailed-out banks may collapse all the same: analysis The $700-billion
bank bailout, launched in the final months of the Bush administration, was
meant to save US financial institutions from a systemic collapse.
Andy
Xie: Either America Or China Will Crash In 2011 The most likely candidates
to trigger the next global crisis are the U.S.’s sovereign debt or China’s
inflation. When one goes down first, the other can prolong its economic cycle.
Non-US Banks
Gained from Fed Crisis Fund Some of the world’s strongest banks have
profited from an emergency credit facility set up by the US Federal Reserve to
shore up confidence in the global financial system, according to a Financial
Times analysis of data released by the Fed.
Midas Resources: QE2
Explained Midas Resources explains how QE2 works and why it is killing the
dollar and our future.
National
/ World
Chris
Matthews Wants Obama to Produce Birth Certificate Kurt Nimmo
| MSNBC is worried that the “birther issue” has grown legs and is about to
swamp the Barry Obama administration.
Alex
Jones’ Audio Blog: War on Common Sense – Losing Our Cultural Instincts Under
the NWO THElNFOWARRlOR | Recorded during his break on
Christmas Eve, Alex discusses how we are deep into a long-term agenda to
conform humanity to the globalists’ system.
Social Security is
not “Insurance” Ron Paul | Social Security does not
represent an old age pension, an “insurance” program, or even a forced savings
program.
Amerika Has Caught Up
With 1984 Paul Craig Roberts | America’s future is the
world of Winston Smith.
10
New Year’s Re-Solutions For Non-violent Rebellion Activist Post
| The only reason the system is maintained is because the majority still
acquiesce to it.
Alex
Jones’ Audio Blog: War on Common Sense – Losing Our Cultural Instincts Under
the NWO Recorded during his break on Christmas Eve, Alex discusses how we
are deep into a long-term agenda to conform humanity to the globalists’ system.
Under modern day mind control, individuals willingly defend their road to
servitude while learning to shed their family, culture, values and instinctual
defenses against domination by the ruling predator class.
Chris
Matthews: Why Doesn’t Obama Just Release The Birth Certificate? On Monday
night’s edition of “Hardball,” host Chris Matthews talked about putting the
birth certificate controversy surrounding President Obama to rest.
The Secret Of
Queen Elizabeth Exposed Alex Jones and Aaron Dykes discuss the British
Royal Family and the Groom of the Stool.
Gold
Surges To Two Week High As $1,400 Level Exposes Many To Pin Risk To be
sure, we assumed that this merely opens the way for yet another year end rally
to all time highs, in line with the prediction by John Embry from two days
earlier.
Pilot Who Took
On Big Sis Goes Public The airline pilot who lost his federally-issued gun
and badge for posting video on YouTube critical of airport security has chosen
to go public with his identity.
2011:
“Dissent Is What Rescues Democracy” The year 2011 will bring Americans a
larger and more intrusive police state, more unemployment and home foreclosures,
no economic recovery, more disregard by the US government of US law,
international law, the Constitution, and truth, more suspicion and distrust
from allies, more hostility from the rest of the world, and new heights of
media sycophancy.
With
food safety bill, U.S. government will spend nearly $1 million per person to
prevent food-borne illness deaths The recently-passed Food Safety
Modernization Act, which was passed in order to prevent food-borne illness
deaths in the USA, will cost $1.4 billion over the first five years. But nobody
thinks about the economics of the issue. How many people are we going to save
by spending this $1.4 billion, even assuming it works?
US
declined to investigate suspected Mossad assassination, cable shows The US
government lied about a request from the United Arab Emirates (UAE) government
to probe the death of a Hamas military leader, according to a recently released
US State Department cable from secrets outlet WikiLeaks.
High-risk
insurance pools attracting few (Washington Post) [ As if we didn’t already
know we can’t believe anything thet say!
] Early feature of the new health-care law isn't attracting as many
customers as expected.
Iraq: 2 suicide bombings kill 19, wound
45 (Washington Post) [
Progress breakin’ out all over …
Britain charges 9 of 12 arrested in terror
plot (Post, December 27, 2010; 4:07 PM) …blowback’s a bitc*h! …
Conflicting accounts of deadly raid in Kabul
(Post, December 27, 2010; 6:32 PM) WikiLeaks
papers detail Iraq torture, US killings Al-Jazeera on Friday released what
it called “startling new information” from US documents obtained by WikiLeaks,
alleging state-sanctioned Iraqi torture and the killing of hundreds of
civilians at US military checkpoints. Julian
Assange to RT: WikiLeaks gives ‘most accurate picture of war’ The shocking
WikiLeaks release, which has revealed thousands of unreported civilian
casualties in Iraq, is the most accurate picture of war ever made, and it is
food for thought, says the website’s editor-in-chief. The report, condemned by
the Pentagon, claims that US commanders in Iraq ignored evidence of torture and
the murder of civilians. Spiegel:
WikiLeaks logs may reveal war crimes In its early analysis of the Iraq war
logs released by whistleblower site WikiLeaks on Friday, the German paper Der
Spiegel pointed to several accounts of what it calls “dubious attacks” by US
Apache helicopters that may have amounted to war crimes.Secret
Iraq war records reveal grim new details (Washington Post) Logs released by WikiLeaks offer chilling
insights about conflict's death toll and the tactics of Iraqi leaders who have
taken over as U.S. troops exit. [ Now
why did I think the u.s. military’s numbers were all wet? Poll: Does
WikiLeaks put soldiers in danger? I haven’t looked at this poll, but my
inner poll says needless wars in other people’s lands put soldiers at risk,
particularly when your nation is defacto bankrupt. ] Previous: 77,000 Iraqis killed from 2004 to
August 2008, U.S. military says (Washington
Post) [ And you can take that to the fraudulent american bank … riiiiight! …
Come on … americans lie about everything and certainly this … A conservative
estimate from AP through only 2007:
Study: 151,000 Iraqis died in conflict’s violence Surveyors face danger to
count casualties from 2003 to 2006 The Associated
Press - updated 1/9/2008 7:15:50
PM ET 2008-01-10T00:15:50 About 151,000 Iraqis died from violence in the first three years
after the United States invaded, concludes the best effort yet to count deaths
— one that still may not settle the fierce debate over the war's true toll on
civilians and others … americans are just lying war criminal american
scum. Obama’s
Finest Hour: Killing Innocent People For “Made-Up Crap” Floyd Empire Burlesque Oct 22, 2010 If ever I am tempted by the siren songs of my tribal
past as a deep-fried, yellow-dawg Democrat, and begin to feel any faint,
atavistic stirrings of sympathy for the old gang, I simply think of things like the scenario below, sketched last week by
Johann Hari, and those wispy ghosts of partisanship past go howling back to the
depths: … Unauthorized
US strike kills 4 Pakistanis A non-UN-sanctioned US strike on a house in
Pakistan’s tribal region of North Waziristan has killed four civilians and
injured two others.]
Rise
in mergers may spell trouble for jobs
(Washington Post) [ Lifelines
for a few, obfuscation of impending disaster for most, fraudulent wall street
just loves those fees, and though contraindicated, the potential talking points
thereby. ] Some corporate mergers this
year have been shadowed by fears of layoffs.
Toasting
the bad economy (Washington Post) [
As indeed the Russians should since they have much to celebrate. Russian
tiger team hails success yahoo
Moscow's
unprecedented military deal (Washington Post) ( France should be praised
inasmuch as a strong Russia, and conversely, a weak perpetual war, war
mongering, war crimes, pervasively corrupt nation, america is optimal for world
peace! ) Russia
is last in series of major powers to seal valuable deals with India (Washington Post) ( Bravo for India … a deal with
Russia is a deal with a future! ) ] Their country still endures the sting of
economic crisis, but Russians plan to drink up this holiday season. Applebaum: The
'decline of the West' (Washington Post) [ It really is true … and, no
leftist sympathizer with his book of the same name, none other than Buchanan
says as much. The reason of course is based on reality. From Orwellian Britain,
to failed nation-state the pervasively corrupt and defacto bankrupt
wobama-bushland america, to perpetual war ‘me-toos’ (ie., nato allies, war
crimes nations israel, u.s., etc.), their frauds (wall street, etc.) protected,
laws meaningless(see RICO
case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) , their ruthless suppression subtle, hidden,
but odious as never before in their respective histories, the west at best has
become that ‘distinction without significant difference’ and heading to worse
than can be imagined. Of course they’ll lay blame to something other than the
huge frauds / wealth transfers that have plundered the nation. Indeed, one
could even cogently argue that said plundering gave rise to the flawed, failed
communism lie in the first instance. Yet, Russia, a great nation with a rich
history is not a communist nation, did not violently suppress the people as
they shirked that communist yoke / albatross, is not as defacto bankrupt,
meaningfully lawless, pervasively corrupt america engaging in perpetual wars of
destruction to persons and property, and with a great leader of historical
dimension in Putin is a far more rational choice than the bankrupt west on all
levels. As for communist china, it has
truly been a self-defeating, self-destructive creation of the west out of greed
which is in no short supply in the west.
PREVIOUS:
Wikileaks
founder freed on bail (Washington
Post) [ ‘… Moore (correctly) asserts
that Assange
is under attack solely because he had the courage to expose American war
crimes. Moore writes:
We
were taken to war in Iraq on a lie. Hundreds of thousands are now dead. Just imagine
if the men who planned this war crime back in 2002 had had a WikiLeaks to deal
with. They might not have been able to pull it off. The only reason they
thought they could get away with it was because they had a guaranteed cloak of
secrecy....
So
why is WikiLeaks, after performing such an important public service, under such
vicious attack? Because they have outed and embarrassed those who have covered
up the truth…’
Though
Assange’s arrest was on far more tenuous grounds owing to a CIA-linked girl, Roman
Polanski was similarly targeted:
BBC
News - Roman Polanski triumphs at European Film Awards Dec 5, 2010
... Roman Polanski's thriller The Ghost
Writer wins six prizes at the European ... Polanski
was working on the film at the time of his arrest in ...
www.bbc.co.uk/news/entertainment-arts-11921048 {I strongly recommend this, of course,
masterfully done film which deals with exactly that topic and the sordid,
unscrupulous machinations of the cia / u.s. (no wonder the u.s. opted out of
coverage by world treaty / The Hague thereby) to avoid detection of, and to
further such activities as the war crimes referenced.}
Don’t forget: america has their own
untouchables in the illegal sense, ie., wall street, etc., and In interview, Bush defends
Iraq war and waterboarding (Washington Post) [ Defending the indefensible … what choice
does he have … then there’s the lies … ] Bush
breaks silence, writes next chapter
(Washington Post) [ As a failed
president and war criminal himself, moron dumbya bush is among the few in the
world that makes failed president wobama look plausibly good in comparison …
wobama merely continued the failed policies of dumbya (perpetual war, no pros
the frauds on wallstreet, etc.) that got pervasively corrupt, defacto bankrupt
america to this point of decline and failure. ] Anne E. Kornblut Your take: His most memorable moment? [ Like regrets in that old song (his way)
he’s had a few – http://albertpeia.com/evilonthetarmac.htm here’s a few: bushisms from bush the brain-damaged moron http://albertpeia.com/bushisms.htm
:
Clinton Speaks: He Did It
Because He Could - There Are Serial Killers On Death Row Who Have Killed Fewer
People Than Unconflicted, Pathological Liar/Perjurer, Rapist, and Murderer,
Psychopath criminal american clinton
·
clinton Flashed ("Dropped his
Drawers") Paula Jones and Implored Her To "Kiss It" (his p***s,
which owing to distinctive "marking/disfigurement" she was able to
describe)
·
clinton "Cops a Cheap
Feel/Grope" From Kathleen Willey In Attempting Prey Upon Her Perceived
Vulnerability
·
clintonites Threaten Dolly Kyle
Browning In Attempting To Intimidate Her Into Giving False Testimony
·
clinton Brutally Rapes Juanita
Broaddrick
·
clinton Was Asked To Leave
Oxford Owing To Sexual Assault Of A Fellow Student
He
Does It Because He Can
On March 11, 1999, Investor’s Business
Daily reported that at least nine (9) women have now charged that Clinton
"personally assaulted them or, through his ‘agents’ or ‘people,’
threatened to do them or their families physical harm." The list includes
Dolly Kyle Browning, Gennifer Flowers, Juanita Broaddrick, Paula Corbin Jones,
Kathleen Willey, Monica Lewinsky, Linda Tripp, Sally Perdue, and Elizabeth Ward
Gracen. "And all of them say they’re afraid for their safety so long as he
remains in power."
CLINTON BODY COUNT
By: Ether Zone
Staff
Here
is the latest body count that we have. All of these people have been connected
with the Clintons in some form or another. We have not included any deaths that
could not be verified or connected to the Clinton scandals. All deaths are
listed chronologically by date. This list is current and accurate to the best
of our knowledge as of January 13, 1999 August 1, 2000. (see complete list http://albertpeia.com/bodycount.htm ) …’
]
Robinson:
On
track to nowhere in Afghanistan (Washington Post) [ I agree with Mr. Robinson and we should be
thankful that he’s watching closely and, unlike so many others, he has courage
enough to say so :
Obama's
glaring ego (Washington Post) [ Come on! Now known for what he really is;
viz., an insecure, dysfunctional, jive-talking b*** s*** artist, he’s just once
again, but typically wrong, and is nothing to have an ego about. Robinson: White
House is eerily silent on taxes (Washington Post) [ Eerily? I think not!
Expectantly? I think so! That is, once you get beyond the wobama b*** s*** !
And, truth be told party distinctions are merely distinctions without
significant differences (no prosecution of the wall street frauds, wars raging
in Afghanistan / Middle East, etc.. But alas, as to the ‘wobama whitehouse’
this was predictable early on as by David Icke : Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke (a must read) | ‘Vast
numbers of people across the world, including many who should know better, have
been duped by the mind-game called Operation Obama... (excerpts) Obama has been
the chosen one for a long time, a fact known only to a few in the deep inner
circle, and his relationship with Brzezinski almost certainly goes back to the
start of the 1980s when he attended the Ivy League, and big-time Illuminati,
Columbia University where Brzezinski was head of the Institute for Communist
Affairs. Obama simply will not talk in any detail about this period. He has
been covertly funded and supported ever since by the Trilateral Commission and
its network of foundations connecting into the Ford Foundation, for whom
Obama's mother worked. And a question: Does anyone really believe that someone,
a 'man of the people', would simply appear from apparently nowhere to run the
slickest and best-funded presidential campaign in American history? He was
chosen long ago by those who wish to enslave the very people that Obama says he
wants to 'set free'. The sources of Obama funding read like a Wall Street Who's
Who - Goldman Sachs, UBS, Citigroup, Credit Suisse, Deutsche Bank, J.P. Morgan
Chase, Morgan Stanley, and so on. No wonder he went back on his pledge to
accept the limitations of public funding for his campaign and instead took the
no-limit option of 'private funding. Then there is the Jewish financier, George
Soros, the multi-billionaire associate of Brzezinski and closely involved with
the funding and marketing of Obama. Soros is a former board member of the
Illuminati's Council on Foreign Relations and funds the European Council on
Foreign Relations. In short, he is a major insider' You can certainly see the
Soros/Brzezinski techniques in the Obama 'revolution' in the United States. It
was the complex and secretive network of Soros foundations and organisations,
connected to the intelligence agencies of the US and Israel, that trained and
funded students in the Ukraine, Georgia and elsewhere in the art of mass
protest and overthrowing governments. These manufactured protests were sold to
the world as peoples' revolutions, but it just so happened that when they were
over and the old regime was removed the new leaders were those waiting in the
wings all along - the puppets of Soros, Brzezinski and their associated
networks. Obama is just more of the same, a big smile with strings attached,
and controlled completely by the Illuminati networks that chose him, trained
him, sold him and provided his record funding. It was they who kept his many
skeletons under wraps, like the gay sex and crack cocaine allegations of Larry
Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your
Presidential camp, who is alleged to claim that someone claiming to represent
me called asking for $100,000, to keep me from coming forward about our (Obama
and I) November 1999 encounter of sex and cocaine use?), and they will continue
to do so as long as he jumps to their bidding. Obama is just another Banksters'
moll prostituting himself for fame and power, and that's why he supported the
grotesque bail-out of the banking system and why he will always put their
interests before the people. His financial advisors are straight from the Wall
Street 'A' list, including Paul Adolph Volker (Trilateral Commission, Council
on Foreign Relations, Bilderberg Group), the head of the Federal Reserve from
1979 to 1987 and Illuminati to his fingertips. Obama has made him head of the
Economic Recovery Advisory Board, which is dominated by insiders, including its
staff director and chief economist, Austan Goolsbee, a close Obama associate
from the University of Chicago. Goolsbee is an initiate of the infamous
Illuminati Skull and Bones Society at Yale University, which also includes Boy
and Father Bush. It was Goolsbee who told the Canadian government not to worry
about Obama's attacks on the economic effects of free trade agreements because
his words were just to win votes in the election campaign. Another Wall Street
insider, the Zionist Timothy Geithner (Bilderberg Group, Trilateral Commission,
Council on Foreign Relations), was appointed by Obama to be his Treasury
Secretary. Geithner was the President of the New York Federal Reserve Bank, the
most powerful in the private Federal Reserve cartel that masquerades as
America's central bank, and he is a former employee of both the Council on
Foreign Relations and the appalling Kissinger Associates. Obama's Treasury team
locks into the inner circle around the Zionist Robert Rubin, the Director and
Senior Counselor of Citigroup, co-chairman of the Council on Foreign Relations,
and economic advisor to Obama. Rubin, a member of the Illuminati Bilderberg
Group, was the man behind Citigroup's strategy of expanding its risk in debt
markets which forced it to be rescued by taxpayers' money. The very people who
caused the financial crisis are being appointed by Obama to decide how to
respond to it (more taxpayers' money for them and their friends) ‘
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# [
youtube is often down – website archived version is available as
follows: http://www.albertpeia.com/esotericagenda.flv http://www.albertpeia.com/esotericagendalinktoarchive.htm ]
-------------------
In interview, Bush defends
Iraq war and waterboarding (Washington Post) [ Defending the indefensible … what choice
does he have … then there’s the lies … ] Bush
breaks silence, writes next chapter
(Washington Post) [ As a failed
president and war criminal himself, moron dumbya bush is among the few in the
world that makes failed president wobama look plausibly good in comparison … wobama
merely continued the failed policies of dumbya (perpetual war, no pros the
frauds on wallstreet, etc.) that got pervasively corrupt, defacto bankrupt
america to this point of decline and failure. ] Anne E. Kornblut Your take: His most memorable moment? [ Like regrets in that old song (his way)
he’s had a few – http://albertpeia.com/evilonthetarmac.htm here’s a few: bushisms from bush the brain-damaged moron http://albertpeia.com/bushisms.htm
:
Clinton Speaks: He Did It
Because He Could - There Are Serial Killers On Death Row Who Have Killed Fewer
People Than Unconflicted, Pathological Liar/Perjurer, Rapist, and Murderer,
Psychopath criminal american clinton
·
clinton Flashed ("Dropped his
Drawers") Paula Jones and Implored Her To "Kiss It" (his p***s,
which owing to distinctive "marking/disfigurement" she was able to
describe)
·
clinton "Cops a Cheap
Feel/Grope" From Kathleen Willey In Attempting Prey Upon Her Perceived
Vulnerability
·
clintonites Threaten Dolly Kyle
Browning In Attempting To Intimidate Her Into Giving False Testimony
·
clinton Brutally Rapes Juanita
Broaddrick
·
clinton Was Asked To Leave
Oxford Owing To Sexual Assault Of A Fellow Student
He
Does It Because He Can
On March 11, 1999, Investor’s Business
Daily reported that at least nine (9) women have now charged that Clinton
"personally assaulted them or, through his ‘agents’ or ‘people,’
threatened to do them or their families physical harm." The list includes
Dolly Kyle Browning, Gennifer Flowers, Juanita Broaddrick, Paula Corbin Jones,
Kathleen Willey, Monica Lewinsky, Linda Tripp, Sally Perdue, and Elizabeth Ward
Gracen. "And all of them say they’re afraid for their safety so long as he
remains in power."
CLINTON BODY COUNT
By: Ether Zone
Staff
Here is the latest body
count that we have. All of these people have been connected with the Clintons
in some form or another. We have not included any deaths that could not be
verified or connected to the Clinton scandals. All deaths are listed chronologically
by date. This list is current and accurate to the best of our knowledge as of January
13, 1999 August 1, 2000. (see
complete list http://albertpeia.com/bodycount.htm )
Susan Coleman: Rumors were circulating in Arkansas of an affair
with Bill Clinton. She was found dead with a gunshot wound to the head at 7 1/2
months pregnant. Death was an apparent suicide.
Kevin Ives & Don Henry: Initial cause of death was reported to be the result
of falling asleep on a railroad track in Arkansas on August 23, 1987. This
ruling was reported by the State medical examiner Fahmy Malak. Later it was
determined that Kevin died from a crushed skull prior to being placed on the
tracks. Don had been stabbed in the back. Rumors indicate that they might have
stumbled upon a Mena drug operation.
Paul Olson: A Federal witness in investigations to drug money
corruption in Chicago politics, Paul had just finished 2 days of FBI interviews
when his plane ride home crashed, killing Paul and 130 others on Sept 8 1994.
The Sept. 15, 1994 Tempe Tribune newspaper reported that the FBI suspected that
a bomb had brought down the airplane.
Calvin Walraven: 24 year on Walraven was a key witness against Jocelyn
Elder's son's drug case. Walraven was found dead in his apartment with a
gunshot wound to the head. Tim Hover, a Little Rock police spokesman says no
foul play is suspected.
Alan G. Whicher: Oversaw Clinton's Secret Service detail. In October 1994
Whicher was transferred to the Secret Service field office in the Murrah
Building in Oklahoma City. Whatever warning was given to the BATF agents in
that building did not reach Alan Whicher, who died in the bomb blast of April
19th 1995.
Ron Brown:. The Commerce Secretary died on April 3, 1996, in an
Air Force jet carrying Brown and 34 others, including 14 business executives on
a trade mission to Croatia, crashed into a mountainside. The Air Force, in a
22-volume report issued in June of 1996, confirmed its initial judgment that
the crash resulted from pilot errors and faulty navigation equipment At the
time of Brown's death, Independent Counsel Daniel Pearson was seeking to
determine whether Brown had engaged in several sham financial transactions with
longtime business partner Nolanda Hill shortly before he became secretary of
commerce.
Charles Meissner: died: UNK - Following Ron Brown's death, John Huang was
placed on a Commerce Department contract that allowed him to retain his
security clearance by Charles Meissner. Shortly thereafter, Meissner died in
the crash of a small plane. He was an Assistant Secretary of Commerce
for International Economic Policy.
Barbara Wise: Wise a 14-year Commerce Department employee found dead and
partially naked in her office following a long weekend. She worked in the same
section as John Huang. Officially, she is said to have died of natural causes.
Mary C. Mahoney: 25, murdered at the Georgetown Starbuck's coffee bar over
the 4th of July '97 weekend. She was a former White House intern who worked
with John Huang. Apparently she knew Monica Lewinsky and her sexual encounters
with Bill Clinton. Although not verified, it has been said that Lewinsky told
Linda Tripp that she did not want to end up like Mahoney.
---------------------------------------------------------
Background http://albertpeia.com/CIAAgentAffidavit1.jpg
For Those Who Wonder About
the bush-clinton-bush Stranglehold on the Nation, Realize That Their Criminal
Cooperation Began With Their Lucrative Relationship Vis-a-vis What Was Known as
the Mena, Arkansas Drug (cocaine from Central/South America) Run As Set Forth
In This CIA Agent's Affidavit/Declaration Under Penalty of Perjury.
The
Vietnam war was a painful time for America. Many young Americans were drafted
and died thousands of miles from their loved ones. Young men of priviledge had
a clear advantage - few of them went to Vietnam, securing positions in the
National Guards of their respective states. George W. Bush was one of these
men, securing a place in the Texas Air National Guard in spite of a waiting
list of several hundred. However, he claims that he did not receive special
consideration, which is clearly a lie.
Most
of the young men lucky enough to get into the Guard fulfilled their
obligations. George W. Bush did not. He was absent without leave, AWOL, for
over a year. Not surprisingly, this got little attention from the corporate
media...
…
After the hostages' release, the arms shipments to Iran continued. Profits were
funneled to another pet cause of the right wing - the Nicuaraguan terrorists
known as "freedom fighters" or "Contras". Another Contra
source of income was trafficking in narcotics, running cocaine into the United
States, with the full knowledge and cooperation of Administration officials. In
the 80's there was a huge increase in the flow of cheap crack cocaine into the
inner cities of America and countless lives were destroyed.
A
series of investigations led to the convictions of Oliver North and Vice
Admiral John C. Poindexter, head of the National Security Council, on charges
of obstructing Congress and unlawfully destroying documents, but both their
convictions were later reversed. In 1992 President George H.W. Bush pardoned
many of the top government officials who had been charged or convicted in the
scheme. The main perpetrators of Iran/Contra and associated events remain free
today, and many of them work in George W. Bush's Administration.
…
Of
the three generations of Bush men mentioned on this site, the most evil and
most dangerous by far is George Bush, Sr.
The
Bush family came by their wealth on the backs of 11 million dead. Prescott
Bush, along with partner E. Ronald Harriman, supplied financial aid and raw
materials to Hitler's Third Reich.
In
1942, Bush/Harriman companies were seized under the Trading with the Enemy Act:
the Union Banking Corporation, the Holland-American Trading Corporation, the
Seamless Steel Equipment Corporation and Silesian-American Corporation.
After
the war, the CIA recruited many former Nazis to work for them, escaping
prosecution for war crimes. Klaus Barbie, infamous for ordering the murder of
French children, was among them. He was, however, eventually caught and
returned to France to stand trial.
…
Shortly before the 9/11 attacks, John Ashcroft stopped flying commercial and
started flying on government-chartered planes. Why?
In
fact, the George W. Bush received many warnings that he disregarded. Bush knew,
and he did nothing. Why?
Oil,
that's why. And a free rein to rape the Constitution.
…-
David Blomstrom ]
] Gerson: He could have
taken quiet credit for the bipartisan tax deal; he chose otherwise. ]
‘Deadbeat’
TARP banks on rise (Washington Post) [ Sounds like a plan! Viz., when
worthless paper / securities / toxic assets are being carried in the trillions
now marked to anything (as per legislated mark to anything FASB rule change),
the reality is that there’s no real surplus from which to pay dividends,
etc.. ]Obama administration steps up
monitoring of banks that miss required payments.
(12-26-10)
I’m constrained to eat crow here, inasmuch as I’ve previously had negative
things to say regarding Time Warner Cable. But, so as not to be one of those do
as I say, but not as I do hypocrites, I must state for the record here that
Time Warner Cable internet is far superior to the att-based DSL, and that att
can’t-do-thing means I’ll be canceling my (jersey / now dumbya bushie land) att
land line (done 12-27-10, along with DSL) which wasn’t fully functional anyway
but had kept same for the listing, and for internet connection which ultimately
required DSL and failed at that.
(12-23-10) MY INTERNET CONNECTION IS DOWN AGAIN AND OF COURSE, I
WILL HAVE MORE TO SAY ABOUT THE PERVASIVELY CORRUPT, DEFACTO BANKRUPT AMERICAN
SCUMBAGS SHORTLY! They will be sorry they did this … I won’t forget it!
(12-22-10) MY INTERNET CONNECTION IS DOWN SO I’M USING A LOCAL
WORKSTATION COMPUTER AND WILL HAVE MORE TO SAY ABOUT THE PERVASIVELY CORRUPT,
DEFACTO BANKRUPT AMERICAN SCUMBAGS SHORTLY! They will be sorry they did this …
I won’t forget!
10 Good Reasons To Be Worried About The Stock Market In
2011 , On Sunday December 26, 2010,
‘This is one of David Rosenberg's best pieces in awhile. In his latest daily
note, the Gluskin-Sheff economist
presents 10 reasons bulls should be worried about the stock market in 2011. And
it's not just that there are all kinds of negative headlines that are being ignored,
or that some economic datapoints aren't so hot, or that there is still
deflation. He makes a great argument that many factors, like the level of
bullishness, the relative valuation of stocks to bonds, and the unanimity in
thinking are worrisome. If anything, the list isn't taking into account
everything we see right now.
1. STRATEGISTS ARE UNANIMOUSLY BULLISH "In
Barron’s look-ahead piece, not one strategist sees the prospect for a market
decline. This is called group-think. Moreover, the percentage of
brokerage house analysts and economists to raise their 2011 GDP forecasts has
risen substantially. Out of 49 economists surveyed, 35 say the U.S.
economy will outperform the already upwardly revised GDP forecasts, only 14 say
we will underperform. This is capitulation of historical proportions.
"Read more: http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#strategists-are-unanimously-bullish-1#ixzz19FzSp3Sd
2. INVESTORS
ARE GOING GAGA FOR STOCKS"The weekly fund flow data from the ICI showed
not only massive outflows, but in aggregate, retail investors withdrew a RECORD
net $8.6 billion from bond funds during the week ended December 15 (on top of
the $1.7 billion of outflows in the prior week). Maybe now all the bond
bears will shut their traps over this “bond-bubble” nonsense." Read
more: http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#investors-are-going-gaga-for-stocks-2#ixzz19G02eyCU
- "Investors
Intelligence now shows the bull share heading up to 58.8% from 55.8% a
week ago, and the bear share is up to 20.6% from 20.5%. So bullish
sentiment has now reached a new high for the year and is now the highest
since 2007 ― just ahead of the market slide."Read more: http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#-3#ixzz19G0EYLuH
- "It
may pay to have a look at Dow 1929-1949 analog lined up with January 2000.
We are getting very close to the May 1940 sell-off when Germany invaded
France. As a loyal reader and trusted friend notified us yesterday,
“fighting” war may be similar to the sovereign debt war raging in Europe
today. (Have a look at the jarring article on page 20 of today’s FT —
Germany is not immune to the contagion gripping Europe.) "Read more: http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#-4#ixzz19G0MEGXy
5. STOCK
DIVIDEND YIELDS ARE NOT SO HOT "What about the S&P 500 dividend yield,
and this comes courtesy of an old pal from Merrill Lynch who is currently an
investment advisor. Over the course of 2010, numerous analysts were
saying that people must own stocks because the dividend yields will be more
than that of the 10-year Treasury. But alas, here we are today with the
S&P 500 dividend yield at 2% and the 10-year T-note yield at 3.3%.From a
historical standpoint, the yield on the S&P 500 is very low ― too
low, in fact. This smacks of a market top and underscores the point that
the market is too optimistic in the sense that investors are willing to forgo
yield because they assume that they will get the return via the capital
gain. In essence, dividend yields are supposed to be higher than the risk
free yield in a fairly valued market because the higher yield is “supposed to”
compensate the investor for taking on extra risk. The last time S&P
yields were around this level was in the summer of 2000, and we know what happened
shortly after that. When the S&P yield gets to its long-term average
of 4.35%, maybe even a little higher, then stocks will likely be a long-term
buy. "Read more: http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#stock-dividend-yields-are-not-so-hot-5#ixzz19G0ow2m9
- THE
DOW PRICED IN GOLD HAS MORE TO FALL Read more: http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#the-dow-priced-in-gold-has-more-to-fall-6#ixzz19G2x0gFe"The
equity market in gold terms has been plummeting for about a decade and
will continue to do so. When measured in Federal Reserve Notes, the
Dow has done great. But there has been no market recovery when
benchmarked against the most reliable currency in the world. Back in
2000, it took over 40oz of gold to buy the Dow; now it takes a little more
than 8oz. This is typical of secular bear markets and this ends when
the Dow can be bought with less than 2oz of gold. Even then, an
undershoot could very well take the ratio to 1:1."Read more: http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#the-dow-priced-in-gold-has-more-to-fall-6#ixzz19G17NoeR
7.
BREADTH IS
DETERIORATING "As Bob Farrell is
clearly indicating in his work, momentum and market breadth have been
lacking. The number of stocks in the S&P 500 that are making
52-week highs is declining even though the index continues to make new 52-week
highs. "Source: Gluskin-Sheff
Read more: http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#breadth-is-deteriorating-7#ixzz19G1KZX2Q
8.
VALUATIONS ARE
GETTING RICH "Stocks are overvalued at the present levels. For
December, the Shiller P/E ratio says stocks are now trading at a whopping 22.7
times earnings! In normal economic periods, the Shiller P/E is between 14
and 16 times earnings. Coming out of the bursting of a credit bubble, the
P/E ratio historically is 12. Coming out of a credit bubble of the
magnitude we just had, the P/E should be at single digits." Source: Gluskin-Sheff Read more: http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#valuations-are-getting-rich-8#ixzz19G23tGaQ
9.
HOUSING
IS STILL A HUGE THREAT "The potential for a significant down-leg in home
prices is being underestimated. The unsold existing inventory is still
80% above the historical norm, at 3.7 million. And that does not include
the ‘shadow’ foreclosed inventory. According to some superb research
conducted by the Dallas Fed, completing the mean-reversion process would entail
a further 23% decline in real home prices from here. In a near zero
percent inflation environment, that is one massive decline in nominal
terms. Prices may not hit their ultimate bottom until some point in 2015.
"Read more: http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#housing-is-still-a-huge-threat-9#ixzz19G2O6qNU
10. FISCAL STRAINS POSE A MAJOR THREAT "Arguably the most
understated, yet significant, issue facing both U.S. economy and U.S. markets
is the escalating fiscal strains at the state and local government levels,
particularly those jurisdictions with uncomfortably high pension
liabilities. Have a look at Alabama town shows the cost of neglecting a
pension fund on the front page of the NYT as well as Chapter 9 weighed in
pension woes on page C1 on WSJ." In the absence of Chapter 9
declarations or dramatic federal aid, fixing the fiscal problems at lower
levels of government is very likely going to require some radical restraint,
perhaps even breaking up existing contracts for current retirees and tapping
tax payers for additional revenues. The story has some how become lost in
all the excitement over the New Tax Deal cobbled together between the White
House and the lame duck Congress just a few weeks ago." Source: Gluskin-Sheff
Read more: http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#fiscal-strains-pose-a-major-threat-10#ixzz19G2gqTZP
THE
STOCK MARKET IS A BUBBLE Corson ‘The stock market is not bubbled up, you
say? Well then, let's take a serious macro macro look at the situation and
raise the matter as a question.How is it that from about 1950 (or 1965 at
least) up to about 1985, the Dow Jones Industrial Average stayed mostly in the
range from about 250 to 1200, when America was growing and doing pretty well on
average, and then, from about 1985 to the year 2000 or so -- a mere fifteen
years -- the Dow shot up to over 10,000, when middle class America realized
almost no income gains in real terms and the economy basically cycled from one
boom and bust cycle to the next?I argue we face one of the biggest bubbles of
all time. Let me explain and lets address the problem by focusing on the DJIA.
Here is what the DJIA has done since 1965. click to enlarge images
What
we observe is the DJIA has gone up about ten fold from 1965 to the year 2000 or
so. But what has industrial production in the US done during that time frame?
Industrial
production has increased to be sure, but only by a factor of three or so. It
certainly has not increased anything like the DJIA. But there is slippage, you
say. To be sure, we now generate more services, the time series data have been
smoothed and more importantly changed, etc., etc. But these explanations simply
don't bridge the gap.
Here is another one that doesn't either.
Back in the early-to-mid 1980s macro economists noted
that the risk premium being paid on equities over bonds was far higher than was
warranted by standard measures of individuals’ attitudes towards risk. In
short, the risk premium agents were being paid more than compensated them for
the risk. This was particularly surprising since over the long run, the risk on
equities was no different than that on bonds. As a result, there appeared to be
an arbitrage opportunity by shifting one’s portfolio from bonds to stocks and
holding the equities for a long time.
Do you believe that? We simply had a financial
epiphany and corrected. More importantly, do you want to believe that or
anything except we are bubbled up?As we know, Japan had this problem with its
stock market and here is what happened. But that can't happen here you say. I
ask, why not?
Even GDP and profits have not caught up with this
market. They too have only increased three and a half fold at best.
(The data in these charts are smoothed to conceal
recessions and ease presentation.)Why is it that we don't have a serious bubble
in our stock market now? Were our valuations all wrong for years on end
earlier, or do we have it wrong now? I think we have a problem and our heads
are in the sand… http://www.seekingalpha.com/article/243573-is-the-dow-showing-a-major-stock-market-bubble?source=yahoo
’
Market Snapshot: U.S. stocks face pullback predictions
U.S.
stocks face pullback predictions Sat, 25 Dec 2010
17:00:05 GMT After stocks rise to two-year highs
in the latest week, market analysts say a retreat could be in he...
Connecticut,
California join probe of Ally (Washington Post) [I’d be much more impressed if they initiated a probe of more
readily discernible criminal offenses in violation of the RICO Act http://albertpeia.com Frauds/Liars
(sic-lawyers)Covering Up for Other Frauds/Liars (sic-lawyers). In Productive
Societies as China, Japan, etc., Fraudulent Liars (sic-lawyers) and the
Fraudulent u.s. System They're a Part of Are Unheard Of/Non-existent. List of
Files Regarding Filed Attorney Grievance Against Fraud coan et als Or
Here For A Clearer View Of Filed
Grievance Complaint, Response, Exhibits, and Related RICO Filings Note the Committee of
Frauds/Liars (sic-lawyers). Included are DOJ Rep., State Court Rep., State
Atty. General Office Rep., and even a Vegetable Garden yale law prof who
probably never practiced law in his life. How Pathetic! http://albertpeia.com/fbiofficela91310
] Justice:
FBI improperly opened probes
(Washington Post) [
I just hope they’re as zealous (in probing readily discernible crime) with regard
to my RICO matters and the corruption in the (judicial / legal) process since,
in the final analysis, it will have been the corruption within that will have
brought the nation down irrevocably and totally ] .
9-13-10
Steven M. Martinez,
Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include a copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’)…
The (civil) RICO action (as you’re aware, the
RICO Act is a criminal statute which provides a civil remedy, including treble
damages and attorney fees, as an incentive for private prosecution of said
claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and
in need of such assistance given the seriousness and prevalence of said
violations of law which have a corrupting influence on the process, and which
corruption is pervasive). A grievance complaint against Coan was also filed
concurrently with the subject action and held in abeyance pending resolution of
the action which was illegally dismissed without any supporting law and in
contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge,
USDC, District Connecticut. The files below the horizontal rule are the
referenced documents as filed. (Owing to the damage to the financial interests
of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los
Angeles, the
Qui Tam provisions of the Federal False Claims Act probably would apply
and I would absent resolution seek to refer the within to a firm with expertise
in that area of the law with which I am not familiar).
The
document in 5 pages under penalty of perjury I was asked to forward to the FBI
office in New Haven is probably the best and most concise summary of the
case RICO
Summary to FBI Under Penalty of Perjury at Their Request (5 pages) [ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf (
http://albertpeia.com/fbiofficela91310 )
].
The correspondence I
received from Congresswoman by way of email attachment (apparent but typical
problem with my mail) along with my response thereto is included on the 3 disks
as fbicorrespondencereyes.htm . With regard to the
calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA
office and I was referred to the Long Beach, CA office where I personally met
with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the
money laundering which he confirmed as indicative of same (he was transferred
from said office within approximately a month of said meeting and his location
was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in
touch for in excess of a decade until he abruptly retired (our last
conversation prior to his retirement related to the case and parenthetically,
Rudy Giuliani whose father I stated had been an enforcer for the mob to which
he registered disbelief and requested I prove it, which I did – he served 12
years in prison, aggravated assault/manslaughter? – and no, there is no Chinese
wall of separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO
VERIFIED COMPLAINT (see infra). Such includes and as set forth
in the case, inter alia,
- A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains unaccounted
for and which could be used for payment to creditors, Los Angeles, etc..
- Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice
on Coan’s Failure to File Page
1 Page
2 ]
- Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript
in pertinent part -
crossexamofcoanbypeia.pdf ]
- Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
- Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach,
CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I
met personally at the U.S. Attorney’s Office in Newark, N.J., at which
time Samuel Alito was U.S. Attorney, and went over said documents and
their probative value with him. Within approximately a month thereafter
upon inquiry I was told that Jonathon Lacey was no longer with the office,
that the file/documents could not be located, and that there was no
further information available concerning contacting him or his location. I
thereupon delivered by hand, copies of said documents to the office of
then U.S. Attorney Alito, addressed to him, with assurance they would go
directly to him. In addition to being 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. As
much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe
corrupt because he is inept). After a reasonable (but still rather short)
time I called to determine the status and was told that Alito was no
longer with the Office of the U.S. Attorney, that he was (appointed) a
federal judge, and that neither the documents nor any file or record of
same could be located. Alito did parley the same / cover-up into quid pro
quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
There
is applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert
L. Peia
611
E. 5th Street, #404
Los
Angeles, CA 90013
(213)
******** (cell phone)
(213)
622-3745 (listed land line but there are unresolved problems with the line,
computer connection may be the reason but I hesitate to chance greater
non-performance / worsening by their ‘fix’ so cell phone best for contact).
Part
2: Woodward's 'Obama's Wars' Don't
get 'locked into Vietnam,' Biden warns (Washington Post) [ Yeah,
when you have a lobotomized VP you tend not to trust their opinion; but, I
think they just cover their bases … you know, that Kerryish both sides of all
issues thing. In any event, wobama bought this continued debacle and bears
fault with the other Zionist war mongers. Previously (on Iraq and Afghanistan,
infra): Obama:
'It is time to turn the page' on Iraq war (Washington Post) [ Oh come on! How
patronizing to have wobama spew his b*** s*** which b.s. has become synonomous
with wobama; ‘to give Iraqis the chance to shape their future’… Iraq’s
been destroyed, covered in cancer-causing depleted uranium, america’s defacto
bankrupt, etc. If only teleprompters had a brain of their own. ] He says the U.S. "has paid a
huge price" to give Iraqis the chance to shape their future -- a price
that now includes more than 4,400 U.S. dead.
]On Thanksgiving weekend in 2009, Vice President Biden counsels
President Obama about sending more troops to Afghanistan.
• Full
coverage: 'Obama's Wars'
• Audio:
Obama on length of the war
• Audio:
Obama on attack possibility
• Audio:
Obama on terrorism tactics
A subtler tack to fight Afghan corruption?
(Washington Post) [ How
about a not so subtler tack to fight corruption starting right here in the u.s.
of a. where corruption and crime are pervasive and in fact, at the root of the
Afghanistan problems, from american reinvigorated heroin trade to bribery
attendant thereto to killing civilians, etc..
Defacto
Bankrupt, Meaningfully Lawless, War Criminal Nation america, the leader of
nations … in crime:
Though having but 5% of the world’s population, america can
boast 76% of the world’s serial killers, followed by Europe with England/UK
then Germany leading the way for the eu [excerpt, 6 minute video, Serial
Killers: Real Life Hannibal Lechters http://www.albertpeia.com/realifeamericaserialkillers.mpg (as is consistent with crime generally,
see infra)]. Defacto bankrupt, fraudulent america also spends more on offensive
(defensive a misnomer / propaganda) military spending than all the nations of
the world combined, and by a large margin at that. Do you see a pattern
emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) ]:
CRIME STATISTICS >
TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST AVAILABLE DATA (america’s No. 1).
|
Rank |
|||
|
# 1 |
11,877,218 |
|
|
|
# 2 |
6,523,706 |
|
|
|
# 3 |
6,507,394 |
|
… ]
White House offers israel a carrot for peace
talks (Washington Post) [ Oh
come on! This dog and pony show is getting old fast while america’s dying and
america could in a day precipitate a peace consistent with international law,
prior u.n. resolutions (i.e., 242, 338, etc.), (Oslo) accords, civilized
behavior, etc., despite and in contravention of israel’s militant
intransigence, to stem the hemorrhaging of american blood and treasure for
israel’s sake. ]
]
Airstrike probe finds poor coordination
between Pakistan, U.S. (Washington Post) [ Riiiiight! That
coordination thing underlying those unfriendly-fire incidents and civilian
deaths wherever american storm troopers happen to be … Eureka! And all this
while everyone was thinking that the same was just typical americana! ]
U.S.
funds go to Taliban, warlords, report finds (Washington
Post) [ Well, defacto bankrupt america can afford it; after all, how much more
defacto bankrupt can the nation get? Well, then again, despite the headline, a
lot of those hundreds of billions are finding their way back into american
hands, albeit dirty ones, like, for example the 360 tons of hundred dollar
bills flown into Iraq and still unaccounted for, etc.. ]Military has minimal
knowledge of and virtually no control over thousands of Afghans it pays to
guard operating bases, bipartisan report finds.
We Are Looking at Trillion-Dollar Plus Annual Interest Payments
on U.S. Debt Owens Krugman:
We’re Going To Have To Default On Our Debt One Way Or Another Some dour
commentary from Paul Krugman this morning on the implications of our monster
debt. 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 ( Prechter and many others are also in this camp
although I believe he does not factor in sufficiently the debasement of the
u.s. currency / dollar in arriving at his numbers which do however, at 1,000 on
the DOW reflect real, as opposed to inflated values of 3-4,000 owing to the
ever more worthless Weimar dollars which provides ‘spin material’ for the wall
street frauds but is really quite ominous going forward, and very detrimental
in real economic terms.) [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.] [ The reason for the
necessity of prosecution is founded in the circumstances surrounding and the
mindset of what one would deem ‘antisocial personalities’ (disorders) ( I
prefer the prior descriptor of such as psychopathic; the euphemistic
‘sociopathic’ was ‘far too understanding’ in my view of the social /
environmental factors allegedly giving rise to such negative / destructive
behaviors. I don’t buy it.) Specifically, accepted studies / findings have
concluded that the essential defect in those with antisocial (psychopathic)
personality disorders is an inability to respond normally to fear-inducing
stimuli, leading in turn to an inability to inhibit responses that should, but,
as with wall street, have not resulted in punishment. Thus, while I think most
on wall street have proven themselves criminally insane (for the money, ie.,
Stewart, ‘Den of Thieves’ / ‘Liar’s Poker’, the most recent financial debacle /
crisis, which continues to this day); at the least, owing to a lack of fear of
prosecution / punishment, they have become defacto sociopathic / psychopathic. ] Krugman: It's All Downhill From
Here Cullen Roche Love him or hate him
Paul Krugman has been awfully right with regards to the macro picture in the
last few years. He’s one of the rare economists who had the foresight to see
the housing bubble and the likelihood of economic downturn that would result
from it. Krugman recently caused a stir when he said the US economy was headed
for the third depression. Here
Are 13 Signs That We’re Actually In A Depression Right Now Gregory White | David
Rosenberg has outlined, in his latest letter, the 13 reasons with this
so-called recovery is actually a depression… David Rosenberg has outlined, in
his latest letter, the 13 reasons with this so-called recovery is actually a
depression.Rosenberg sums it up like this:
This is what a depression is all about — an economy that 33 months after
a recession begins, with zero policy rates, a stuffed central bank sheet, and a
10% deficit-to-GDP ratio, is still in need of government help for its
sustenance.
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). ]
Three
Horrifying Facts About the US Debt “Situation” Phoenix Capital Research | The US Fed is now the second
largest owner of US Treasuries.
Dollar
Tumbles as Fed Prepares to Print More Money Reuters | The Fed may lead the way into more aggressive
quantitative easing, which is seen knocking the dollar lower.
Dollar
set for sharp decline, Goldman forecasts The dollar will embark on a sharp
decline over the next 12 months, Goldman Sachs forecast on Wednesday, as policy
makers in Washington look poised to press the trigger on another round of
printing money.
Sunnis'
walkout mars political talks in Iraq (Washington Post) [ ‘It’s … be…ginning
to look a lot like Christmas, everywhere pervasively corrupt ‘little israel’
defacto bankrupt war criminal nation america goes (to that Christmas tune) …
Nothing like creating the anti-Christian sentiment through failed policy to
keep the war machine greased with money defacto bankrupt america doesn’t really
have (and aren’t the jews / israelis by definition ‘anti-Christ and hence
anti-Christian’) ] One chaotic parliamentary session reflects challenges facing
U.S. efforts to leave behind a stable Iraq with a representative
government. Attack
on Karachi police building kills 18 (Washington Post) About six militants
open fire on a criminal investigations office in the "red zone," a
highly secured area within Pakistan's largest city that houses the provincial
minister's residence and the U.S. Consulate. [Visiting U.S. senators praise Afghan
progress, say drawdown date is unrealistic (Washington Post) [ I’ll
tell you what’s unrealistic: having compromised senators ( ie., non-war-heroe
senile mccain, closet homosexual graham, incompetent zelig zionist lieberman, new
york sinkhole slug Kirsten Gillibrand chided As 'Schumer's (zionist)
Little Girl' ) stay the course with already failed pervasively corrupt,
defacto bankrupt american policy … 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)…’…Oh and they so can afford
it Deficit
panel proposes huge cuts (Washington Post) [ Cuts? I heard the corrupt, incompetent lawmakers were giving
themselves a raise. They actually deserve at least a 10% paycut and abolition
of those lifetime appointments / permanent corrupt bureaucracies. Nothing
succeeds like failure and crime in pervasively corrupt, defacto bankrupt
america! ] Lawmakers propose curbs on Social Security, cuts in spending and tax
hikes if long-term goals aren't met. ]
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.
Afghanistan: U.S. and Afghans at odds over Kabul Bank
reform (Washington Post) [ Wow! Given defacto
bankrupt america’s continued and covered-up financial debacle, any Afghan
resistance to the american model / modus operandi is tantamount to ‘proof of
life (rationality)’. ]
Memoir:
Bush debated dropping Cheney (Washington Post) [ More
unequivocal proof that moron dumbya bush couldn’t, like wobama and recent
predecessors, make the right decision even if their presidencies and the
nation’s survival depended on it. Heck uv a job brownie, bushie, cheney,
wobamie, etc…. Keep up those nation bankrupting, attention-diverting wars you
knucklehead war criminals, you. ]
U.S. operations in Kandahar push out Taliban
(Washington Post) [ Break out the
bubbly, victory at last! Riiiiight! Reality … defacto bankrupt american forces
moved in, Taliban moved out. ]
Global
impact of U.S. elections Foreign
Policy: A Plan B for Obama
(Washington Post) [ Plan B? Come
on! … Either he’s on plan z or has no plan at all! ] World capitals
brace for a new political order in Washington, as policymakers and analysts
tried to assess the impact on foreign policy of a new Republican-led U.S.
House. Foreign
Policy: The China election [ China
election? Don’t make me laugh! Almost as big a joke as american elections! (I
realize the article wasn’t about an ‘election’ (hmm … riiiiight) in China per
se, but wanted to make the albeit indirect point.)]
Pentagon's Cyber Command seeks authority to
expand its battlefield (Washington Post) [ Sounds like a backdoor
censorship plan to me. After all, based on actual events and history that
belies their words, isn’t expanding battlefields and perpetual war what they’ve
become all about? The nation’s defacto bankrupt. Afghanistan, as warned here,
an abject failure. Kind of reminds me of that war film (I don’t recall the
name) where at the close of WW2 you see some nazi officers huddled around with
one asking what to do now, with a stern, unequivocal response, ‘prepare for the
next war’. Ridiculous! ]
Russia's Ryabkov on U.S.-Russia relations:
'We can offer tangible results, and we will do more in the future'
(Washington Post) [ Well, I don’t know
about diplomatic relations (one can only hope), but if it’s sexual relations,
what’s not to like … about Russian girls … They’re total babes! Back to the
diplomatic front, I’ve grown a bit partial to the rationality of the Russian
leadership based not solely on what they say (defacto bankrupt america talks
about peace, but directly and through proxies, ie., israel, etc., is war
mongering, war facilitating, war profiteering on multiple fronts and killing
many innocent children, women, and men; and of course my own experience with
american meaningfully lawlessness, infra, etc., ), but what they do (Russia’s engaged in no wars, made the
transition from communism to present without violence, finds time to preserve
‘The Siberian Tiger’, etc., and is not
a hypocrite regarding professing to be a nation of meaningful laws as america
disingenuously purpots to be, etc.) previous:
Wall
Street firm targets District-based energy practice (Washington Post) [ From
one corrupt sinkhole (d.c. / no. virginia) to another, perhaps the largest (
wall street/new york/jersey/ct. metro); ho, hum. The pervasively corrupt american illegal system …
corrupt u.s. courts / (lawyers) / 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. ] It's
part of a push by law firms to expand their D.C. footprint in an era of
increased regulatory scrutiny.)
A
united goal: Saving the tiger (Washington Post) [
Clearly the wisdom of an historically great leader for the ages,
Vladimir V. Putin should be given great deference in all matters of global
concern. Having evolved from his youthful indiscretion as a novice KGB agent, a
hand dealt to him (by a soviet communist system) more than chosen, he has
reminded the world of the greatness that was, is, and forever will be Russia’s
and His! ] The tale of
the magnificent Siberian tiger, and its unfinished fight for survival, should
be a compelling one for the 500 conservationists and world leaders arriving for
Russian Prime Minister Vladimir V. Putin's tiger summit this weekend.
Where
no man has gone before (Washington Post) [ Geeh! I can almost hear that
Star Trek Theme reverberate in my head, followed by a taste of Zarathustra …
After all, this is 2010 Odd but hardly a Space Odyssey. Indeed, merely
launching rockets is a far cry from Jupiter, and as for the moon; well, they
just didn’t get that done either … though the video was … okay. 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 http://www.albertpeia.com/moonfraud.htm
] SpaceX Falcon 9 rocket launch heralded as successful test of commercial spaceflight.
NATO
strategy alters weapon development (Washington Post) [ What strategy? National bankruptcies? More
unnecessary death and destruction? Yes, I said unnecessary. All this has been
geopolitically counter-productive and contra-indicated ab initio. Change? What
change? Todays headlines: Nato chief says there is no
alternative to staying in Afghanistan Telegraph [
Oooooh! Sounds like a plan! ]| Anders
Fogh Rasmussen said NATO would commit the alliance to train and support Afghan
troops battling the Taliban in substantial numbers through to the 2014 deadline
for local forces to take over security.Britain’s top soldier: al-Qaeda
cannot be beaten SINA.com | Violence across
Afghanistan is at its worst since the Taliban were overthrown by US-backed
Afghan forces nine years ago, with civilian and military casualties at record
levels despite the presence of about 150,000 foreign troops. ]As NATO struggles
to define itself in a post-Cold War world of new threats and tight budgets, the
alliance this week will lay out a vision for itself that is meant to better
reflect the 21st century.
Report: Sharp uptick in Afghan Civilian
casualties (Washington Post) [ Yeah! That progress
thing they’ve been ‘flaunting’; and concomitantly, there’s been a sharp uptick
in the budget deficit … an increase, a plus, so, ergo, ‘progress’ … consistent
with their ‘plan’! Lovely! ]
Petraeus warns Afghans about Karzai's
criticism of U.S. war strategy (Washington Post) [ Riiiiight!
It would be so foolish of them to argue with or question such a
nation-bankrupting / destroying failed strategy (by even his own prior, stated,
unmet standards / criteria.) ]
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***!
Karzai
officials on CIA payroll (Washington Post)
[Riiiiight! The roster of allies … love of america breakin’ out all over
the region … boy oh boy … talk about creating your own boondoggles … well, they
can afford it. After all, it’s only taxpayer money and america’s already
defacto bankrupt. Then again, they have the requisite licenses; viz., to kill,
to steal, to distribute illegal drugs, etc.. Whew! Glad they didn’t act without
the requisite licensure.]
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 courageNSA
Has Gotten So Big, Area Around It Has 112 Acres Of Parking Spaces
N.Korean
attack leaves U.S. with few options
( Washington Post ) [ I’d be
very concerned about the contrived nature of the incident as set forth by
infowars.com / prisonplanet.com as follows: Korean
War Crisis: Brought To You By Uncle Sam Despite the fact that South Korea admits
it fired the first shots that prompted the North to retaliate, the vast
majority of the establishment press are feverishly blaming North Korea for a
new escalation in the crisis, while failing completely to acknowledge the fact
that the whole fiasco was generated as a direct result of Uncle Sam’s policy
through two separate administrations to ensure hereditary dictator Kim Jong-Il
and his successors acquired the atom bomb.
North
Korea Attack Part Of RAND Plan For Total War? The exchange of artillery
fire between North and South Korea, which the North says was started by South
Korea firing shells during a military drill, could act as the catalyst for a
huge new conflict that the RAND Corporation has been lobbying for over the past
two years. ] North Korea's artillery attack on a South Korean island Tuesday,
coupled with its choreographed rollout of a new nuclear program, has presents
the U.S. with a massive strategic challenge.
Photos:
Artillery fire exchanged
U.S.
deployment sends a message to China ( Washington Post ) [
And what message is that , pray tell … I’d say they’ve gotten the
message and here’s the first installment of a reply to the multi-front
contrived war / war mongering / pervasively corrupt, defacto bankrupt nation
america … Drudgereport: CHINA, RUSSIA QUIT DOLLAR
… Previous: N.Korean
attack leaves U.S. with few options
I’d be very concerned about the contrived nature of the incident as set
forth by infowars.com / prisonplanet.com
as follows: Korean
War Crisis: Brought To You By Uncle Sam Despite the fact that South Korea
admits it fired the first shots that prompted the North to retaliate, the vast
majority of the establishment press are feverishly blaming North Korea for a
new escalation in the crisis, while failing completely to acknowledge the fact
that the whole fiasco was generated as a direct result of Uncle Sam’s policy
through two separate administrations to ensure hereditary dictator Kim Jong-Il
and his successors acquired the atom bomb.
North
Korea Attack Part Of RAND Plan For Total War? The exchange of artillery
fire between North and South Korea, which the North says was started by South
Korea firing shells during a military drill, could act as the catalyst for a
huge new conflict that the RAND Corporation has been lobbying for over the past
two years. ] North Korea's artillery attack on a South Korean island Tuesday,
coupled with its choreographed rollout of a new nuclear program, has presents
the U.S. with a massive strategic challenge.
Photos:
Artillery fire exchanged In sending
the aircraft carrier USS George Washington to the Yellow Sea, the Obama
administration says it is putting on a show of U.S. support for South
Korea. Poll:
How should U.S. proceed? Few
good options for U.S.
Obama marks Veterans Day with a warning to
North Korea (Washington Post) [
There’s a new expression goin’ round in the realm of global diplomatic
discourse to supplant the censored ‘go f*** yourself’. It is, ‘go warn
yourself’. I mean, after all, what nation’s been invading nations causing
destruction and death of innocent lives based on lies, committing war crimes,
precipitating financial crises through ubiquitous fraud, etc.. Yes, pervasively
corrupt, defacto bankrupt, war criminal nation america, ‘go warn yourself’! ]
Little-confidence
vote Milbank: Pelosi
won her minority leader bid, but it was hardly a victory (Washington Post) [ I
disagree! This was ‘victory american style’ because nothing succeeds like
failure (and crime and corruption) in america. They’re still doin’ the wars
though bankrupt, still no prosecutions of wall street frauds, and on and on
with the typical b*** s***! ]
WikiLeaks founder could be charged under
Espionage Act (Washington Post) [
Drudgereport: Interpol issues
wanted notice for Julian Assange [ They just can’t take the truth! ] ...
US cuts access to files [
Think about it. Really think about it. Their policies are in the tank, along
with the nation and the rest of this world as a consequence. Don’t those so
detrimentally affected (everyone) have a right to know? I think in light of the
global frauds, contrived perpetual wars though defacto bankruptcy of this and
other nations, pervasive corruption and crime, failed policies domestically and
geo-politically while serving the very parochial interests of the
self-interested few, the answer is an unequivocal, YES! I believe that world
history will write Mr. Assange as a hero in the truest sense. He should be
given a medal; and, certainly, since mr. b*** s*** wobama undeservingly got a
‘nobel peace prize’ (what he does, not what he says, ie., Afghanistan, etc.),
who more than Julian Assange is deserving of that and more? Cover-up /
propaganda … thy name is fallen america.]...
WIKILECTURE: 'HILLARY SHOULD
RESIGN' ‘…Hillary Clinton, Julian Assange said, "should resign."
Speaking over Skype from an undisclosed location on Tuesday, the WikiLeaks
founder was replying to a question by TIME managing editor Richard Stengel over
the diplomatic-cable dump that Assange's organization loosed on the world this
past weekend. Stengel had said the U.S. Secretary of State was looking like
"the fall guy" in the ensuing controversy, and had asked whether her
firing or resignation was an outcome that Assange wanted. "I don't think
it would make much of a difference either way," Assange said. "But
she should resign if it can be shown that she was responsible for ordering U.S.
diplomatic figures to engage in espionage in the United Nations, in violation
of the international covenants to which the U.S. has signed up. Yes, she should
resign over that."…’
CITY ON EDGE: Cash-Strapped
Newark, new jersey Forced To Lay Off 14% Of Police Force... [ From decades old
(1978-1985) direct personal experience with newark, n.j., the police are the
absolute last cuts that can be afforded to be made. Indeed, while walking
through Military Park (a sliver of a “park” - more a pedestrian
thoroughfare/cement walks) in newark, new jersey on the way to the bank during
lunch hour, I heard the clearly audible screams/cries of what turned out to be
an old lady on the ground with blood streaming from her mouth. I ran toward the
sound of the cries, the source of which I could not see because there were so
many people in and about this thoroughfare so as to block any vision of the
source of the cries. When I came to the woman, on the ground, blood streaming
from her mouth, I asked what happened, to which she responded she had been hit
in the mouth and knocked to the ground, her purse stolen/put inside her
shopping bag, and she pointed out the criminal casually now walking across the
main street. Nobody stopped to help her, many having passed her by. I slammed
the thug to the ground so hard that, in light of all the blood and confusion
(limbic system / adrenalin flow) I thought I had been stabbed (the blood was
from his elbows hitting the pavement so hard - no one helped / a crowd gathered
/ an undercover cop happened along). When I testified at the Grand Jury
Proceeding I made sure his threat on my life was set forth in prima facie
fashion so as to maximize the DA’s position with both felonies ( he went to
prison – pled out ). The other case I wrote about here ( This was included on
my website in the Psychology discussion of ‘bystander effect’ / diffusion of
responsibility. ) - Having had occasion to have run down a mugger in newark,
n.j. who apparent had followed a girl from the bank on her way to the bursar to
pay tuition, though in pretty good shape, I was astounded by how totally
exhausting such a pursuit was, how much like rubber my arms were when I traded
punches with the perpetrator, and truth be told, if I had a flashlight on my
belt, I have little doubt that I would have probably used it to subdue the
perp. The girl was not that seriously injured, did get her pocketbook and
tuition back, and the criminal went to jail. The other thing about such a
pursuit that amazed me was that no one else assisted the girl or me despite
being in a position to do so). (Other newark / new jersey and new york, n.y.
metro, viz., ie., connecticut, and of course, d.c., d.c. metro, viz., ie.,
virginia experience … corrupt federal judges as maryanne trump barry, sam
alito, shiff, matz (california), 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 ) ]
]
WikiLeaks
founder could be charged by Feds
(Washington Post) [ He deserves a medal! I think they should start prosecuting american war criminals, frauds
on wall street, $12 billion $100 bills flown into and missing in Iraq, 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, … etc. … Drudgereport:
CLASSIFIED NO MORE: USA RACES
TO LIMIT WIKILEAKS DAMAGE [Publishing
the Wikileaks is the right thing to do; after all, one cannot possibly look to
even one rationally correct strategy, domestically, globally, geopolitically
that would justify continued hiding/cover-up of the failed strategies, their
genesis, flawed rationale, etc., which has cost this nation and the world
dearly] ...
WIKILEAKS: We've been hit
with 'mass distributed denial of service attack'...
MOST EMBARRASSING, DAMAGING
DISCLOSURE IN DECADES...
SENATORS: PROSECUTE THE
LEAKERS!
NYT
EXPLAINS: THE DECISION TO PUBLISH … [The NYT clearly did the right thing to
publish; after all, one cannot possibly look to even one rationally correct
strategy, domestically, globally, geopolitically that would justify continued
hiding/cover-up of the failed strategies, their genesis, flawed rationale,
etc., which has cost this nation and the world dearly]...
SKorea
says sound of artillery heard on island...
US,
SKorea start major naval drills...
China
issues warning...
DHS
SEIZES DOMAIN NAMES...
EU
Debt Crisis Escalates...
6
American soldiers killed in Afghanistan...
Next Debt
Crisis 'May Start in Washington'...
WIKILEAKS
TURNS ON OBAMA! … [ Like who hasn’t, and for good reason! Publishing
the Wikileaks is the right thing to do; after all, one cannot possibly look to
even one rationally correct strategy, domestically, globally, geopolitically
that would justify continued hiding/cover-up of the failed strategies, their
genesis, flawed rationale, etc., which has cost this nation and the world
dearly] ]
] Authorities are
investigating whether Julian Assange violated criminal laws, including possible
charges under the Espionage Act, sources say.
Afghanistan: Gates: Progress has
'exceeded my expectations' (Post, December 8,
2010; 5:53 PM)
U.S. hurting peace chances by giving up on
israeli settlement freeze, analysts say (Post,
December 8, 2010; 11:00 PM)
In South Korea, Joint Chiefs chairman scolds
China for its 'tacit approval' of North's aggression (Post,
December 8, 2010; 11:01 PM)
Iran talks end with little sign of progress
(Post, December 8, 2010; 1:04 AM)
Rice, on 'The View,' defends Obama on
WikiLeaks (Post, December 8, 2010; 1:00 AM) (Washington
Post) [ The problems in all these regions are inextricably tied to the nation
with insurmountable problems of its own and own making. That nation quite obviously is pervasively
corrupt, meaningfully lawless, defacto bankrupt america (along with such
comparable enablers / allies as zionist israel, nato, etc.. How can anyone
believe anything they say, least of all gates who hails from
C(ottage)I(ndustries of)A(merica) based on lies, chaos, and conflict.]
Clinton pushes for economic and political
reforms in tour of Middle East (Post, January 13,
2011) Clinton
expresses solidarity with Arabs on Mideast tour
(Post, January 13, 2011; 4:05 PM) Diehl: Mideast
threats that can't be ignored (Washington Post) [ Amazing what not running
for prospective office can do for balanced thinking, but still not quite. After
all, who doesn’t know outside of america / israel that the biggest Mideast
threats are … america / israel and those nato allies that are but lapdogs of
the former. Moreover, some real scrutiny of and self-analysis by the aforesaid
is in order before purporting to be advisors to any nation at all. ]
Contours
of a large and lasting American presence in Iraq starting to take shape
(Washington Post) [ Wow! Sounds
like a plan … though hardly embraced by all; viz; the vast majorities in Iraq,
Afghanistan, and defacto bankrupt america are against this with dire
prospective consequences to follow. U.S.
Promises to be in Afghanistan Beyond 2014 [ Defacto bankrupt america can
afford it! Riiiiight! Sounds like a plan … for enhanced heroin production, war
profiteering, etc., benefiting the few to the detriment of the many. ]New
York Times | Biden met with Karzai and promised a lasting American
commitment to the country well beyond 2014, when NATO forces are scheduled to
turn over security of the nation to Afghan forces. ]
Concerns rise over Afghan forces
(Washington Post) [ Well, to their credit, at least the Afghans purport to know
how to count which of course is something lost on defacto bankrupt america and
so-called ‘coalition’ members. After all, there will come a time when this
military apparatus will say, pay / feed me, at which point the reply will be,
with what, at which point, obfuscated or not, all hell breaks loose. ]
Watchdog
over Afghan reconstruction resigns (Washington Post) [ Wow! Sounds like he
really meant business … which also meant, congress ‘hearing footsteps’ so to
speak, that he had to go. After all, applying a stringent standard that
promises to do something about fraud and corruption is a standard that would
threaten the entire u.s. government … all three branches. ] Arnold Fields, the head of the office charged
with investigating corruption in the multibillion-dollar effort to rebuild
Afghanistan has resigned, the White House said, following congressional demands
that he be replaced.
Communications
lay bare Afghan corruption
(Washington Post) [ Corruption?
The same, along with the american re-invigorated heroin trade there go hand in hand. There were no illusions
concerning karzai and brother’s ties to same and the cia and the same also the
very reason for choosing him. ‘Tens of millions of dollars are carried out of Afghanistan
each month, with no telling how much is illicit. The country's dominant money exchange
caters to "narco-traffickers, insurgents, and criminals" also known
as the cia and friends. Come on! Wake up! You’re paying for this and their
enrichment. These revelations confirm the obvious.] WikiLeaks disclosures
provide new details showing how corruption has undermined progress in a country
that is in many ways a 9-year-old project in U.S. nation-(destruction,
including defacto bankrupt america) building. Leaks
reveal frustration with Karzai Inquiry:
Troop killed aid worker
Concerns
over European defense cuts (Washington Post) [ At some point, rationality
must overcome irrationality; if only necessity being the mother of this
new-found invention (rationality). Interestingly, there was a blip on
television news from a NATO rep talking up the technological / military
superiority of NATO relative to Russia (without whose technological prowess
that space station and crew would literally be lost in space). So take that,
literally … and make the cuts (rational). ] European policymakers say the cuts
are necessary given their financial straits, and that training, not sheer
numbers, is what matters in a post-Cold War world.
Helmand's
refugees disheartened by troops (Washington Post) [ ‘Gauge of success?’ Come on! What success
can be had? Greater defacto bankruptcies for the nato coalition members? More
death and destruction? Even if it were not true (that they are to blame) though
I believe it is, the u.s. / brits / nato will be blamed for even unimprovable
scenarios beyond their scope and control where even pyhric victories are not in
the cards (though that’s all they could possibly have hope for). Indeed, a
geopolitical misstep of monumental proportion for the u.s., Britain, et als.
Then there the u.s. initiated resurgeance of the poppy / heroin production /
trade … their raison d’etre. ] The arid province will be an important gauge
of success in the U.S.-led strategy against the Taliban. But refugees offer a
bleak assessment, blaming insecurity in Afghanistan on the presence of U.S. and
British troops.
How China branded Nobel winner Liu Xiaobo a
traitor (Washington Post) [
I am staunchly anti-communism. That said, it is also true that I’m also
against what pervasively corrupt, meaningfully lawless, defacto bankrupt
america has become; most certainly not a thriving democracy. Though america’s
suppression of speech, cover-ups, etc. ( see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ),
are arguably less direct, indirect, circumlocuted, obfuscated, etc., the
same is very real and one may say the communist Chinese have in essence taken a
page out of america’s playbook. ]
Moscow's
unprecedented military deal (Washington Post) [ France should be praised
inasmuch as a strong Russia, and conversely, a weak perpetual war, war
mongering, war crimes, pervasively corrupt nation, america is optimal for world
peace! ]
(12-26-10)
I’m constrained to eat crow here, inasmuch as I’ve previously had negative
things to say regarding Time Warner Cable. But, so as not to be one of those do
as I say, but not as I do hypocrites, I must state for the record here that
Time Warner Cable internet is far superior to the att-based DSL, and that att
can’t-do-thing means I’ll be canceling my (jersey / now dumbya bushie land) att
land line (done 12-27-10, along with DSL) which wasn’t fully functional anyway
but had kept same for the listing, and for internet connection which ultimately
required DSL and failed at that.
(12-23-10) MY INTERNET CONNECTION IS DOWN AGAIN AND OF COURSE, I
WILL HAVE MORE TO SAY ABOUT THE PERVASIVELY CORRUPT, DEFACTO BANKRUPT AMERICAN
SCUMBAGS SHORTLY! They will be sorry they did this … I won’t forget it!
(12-22-10) MY INTERNET CONNECTION IS DOWN SO I’M USING A LOCAL
WORKSTATION COMPUTER AND WILL HAVE MORE TO SAY ABOUT THE PERVASIVELY CORRUPT,
DEFACTO BANKRUPT AMERICAN SCUMBAGS SHORTLY! They will be sorry they did this …
I won’t forget!
Russia: Putin warns of arms buildup
(Washington Post) [ Drudgereport: RESET: PUTIN CRITICIZES USA
OVER WIKILEAKS … Putin deserves the
greatest deference in matters of global concern in light of his greater
rationality; america’s self-serving accusations are merely envy and projection
/ displacement (in psychoanalytic terms) of america’s pervasively corrupt,
criminal, broken system which is a far cry in reality from defacto bankrupt
america’s propaganda... ]
Foreign-policy
setbacks deepen Obama's election wounds (Washington
Post) [ Wobama’s woes are a direct consequence of his perception as being a
teleprompted b*** s*** artist who despite flowery rhetoric, has failed to
deliver. Results count! What you do, not what you say, counts! ] Presidents have often turned to
foreign policy after domestic setbacks - from Ronald Reagan's Latin American
tour and speech calling the Soviet Union the "focus of evil in the modern
world"[if Reagan was alive he’d be eatin’ plenty of crow since america’s
the world’s biggest evil (with a little help from friends, ie., israel, etc.)
with illegal wars, war crimes, torture, financial frauds of global reach,
pervasive corruption in all governmental / judicial processes, etc.] in the months after his party's 1982
congressional losses to Bill Clinton's escape to Indonesia and the Phi...
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.
Iran
struggling to contain computer virus (Washington Post) Iran suspects that a
foreign organization or nation designed the "Stuxnet" computer worm.
[ Look westward (plus israel) , but not homeward, Angel … Riiiiight! Riiiiight!
Riiiiight! Stuxnet
False Flag Launched For Web Takeover Israel and the United States have
emerged as the prime suspects behind the Stuxnet worm attack, which has
infected the Iranian nuclear plant at Bushehr, following the discovery that a
“wealthy group or nation” must have been responsible for the malware
assault. Drudgereport: WORM HITS IRAN NUKE PLANT... ...new versions of virus
spreading Pentagon silent... ]
'We
need to trust each other' (Washington Post ) [ Yeah! That’s leader of nations Turkey ‘talking turkey’ while
the israelis, with a plethora of illegal nukes, casually as if by some unbenounced
entitlement, say that they won’t sign the Non-proliferation Treaty because it’s
not in their interest to do so. You can’t make this stuff up; yet, there’s
bewilderment as to why the u.s., mid-east, and world are in such a deplorable
and chaotic state. ]A23 (Post) ...with
the United States, Israel and Iran.
Excerpts: Q...is also party to the Non-Proliferation...
Bush's
fantasy world (Washington Post) [
I’m frankly surprised to see cohen bite the hand that feeds zionists(
ie., dumbya bush, et als). After all, I’ve never seen cohen not like a pro
israel policy, regardless of the cost
to this nation in blood, sweat, tears, and geopolitical and general decline,
particulary economic / financial; nor like a pro-american policy that
negatively impacts israel. I think america particularly, and the rest of the
world has sacrificed enough for the greedy, blood-thirsty, lawless israelis. ] Cohen: WikiLeaks shows the unreality of a presidential
memoir. Jeffrey
Smith: Fighting
leaks
Palestinians
counter israeli offer on settlements (Washington Post) [ The Palestinians, unlike the lawless israelis are
cognizant of u.n. resolutions, prior accords, international law, etc., in their
proposal. ]
Israeli
prime minister offers conditional settlements freeze (Washington Post )
[ Déjà vu all over again? Now why is there a familiar ring to this story
… maybe ‘cause of the ‘been there done that ‘ reality. It’s really quite
incredible since israel’s in violation of u.n. resolutions (242, 338, etc.),
international law, nuclear proliferation treaty, a drain on the the u.s.
globally / domestically, etc.. The u.s. / international community should impose
a resolution. ]
Arab
League backs Palestinian refusal on talks unless Israel halts West Bank
settlements (Washington Post) [ Lots of
backslappin’ in israel mission accomplished … yeah, another fine mess they’ve
gotten the world into … another set of peace talks down the drain, again
sabotaged by the israelis … not that the israelis had anything in mind other
than literally … to talk … out of both sides of the mouths. ]
Israel
plans housing in East Jerusalem (Washington Post) [netanayahu ‘cause everyone knows nuclear
israel is greatest danger to world Jerusalem Post PM heckled repeatedly by activists at New Orleans GA
protesting West Bank "occupation" and plans for loyalty oath. Israel
is the greatest threat to the world, and its nuclear program must be stopped,
Prime Minister ... US 'Deeply Disappointed'
but committed to impotence by israel's Building Plan for East Jerusalem
Voice of
America Israel permits new settlement homes Aljazeera.net ] The move will likely complicate pm
netanayahu's current visit to the United States for talks about reviving
stalled peace negotiations with the Palestinians.
Israel: Defining 'Jewish state': For
many, term has different meanings (Washington Post) [
Well ain’t that the truth! As per Forrestal’s warning (infra), it meant new
york, pennsylvania, and California … for the greedy zionist israelis it means
anything they want it to mean, borders, laws, u.n. resolutions, civilized
behavior, etc., be damned! ]
Clinton
wraps up Israeli, Palestinian talks - for now (Washington
Post) [ That’s a wrap (Hollywood speak), or just a lot of crap (reality). Well
some celluloid facetime (hill, I said celluloid, not cellulite), appearance of
doing something (not). U.S.
urges Arab states to drop israel nuclear treaty demand Reuters Oooooh! Wow! Sounds like a plan! … For world
conflagration … Another step toward nuclear prone middle east … israel should
be exempt because ….. ‘US –
Israel’s partner in crime, not a referee’ … You really can’t make this stuff up; the preposterous s***
coming out of america! ]The U.S. envoy to the UN atomic watchdog urged Arab
states to withdraw a resolution calling on Israel to sign an anti-nuclear arms
treaty, warning it would send a negative signal to Middle East peace
talks. Israelis,
Palestinians already broaching tough topics in talks, envoy says (Washington
Post) ‘US –
Israel’s partner in crime, not a referee’ (Infowars.com) Israeli and Palestinian leaders are holding a new
round of direct talks. 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. ]
RAMALLAH, WEST BANK - Secretary of State Hillary Rodham Clinton on Thursday
wrapped up three days of intense Middle East diplomacy that produced good
atmospherics but no sign that an impasse over Israeli settlement construction
has been resolved. (Alex Brandon - AP)
The
unlikely face of Egypt's protesters (Washington Post) [ Unlikely? … I don’t think so in light of the
strength and prevalence of the ‘anyone but mubarak (and his)’ sentiment. ]
Mohamed ElBaradei, the Nobel Prize-winning former United Nations
bureaucrat, has emerged this week as an improbable revolutionary, clamoring for
the overthrow of Egypt's President Hosni Mubarak.
Iran's
Khamenei says uprisings represent 'defeat' for U.S. (Washington Post) [
No matter how you slice it, dice it, or
euphemise about it, these are indeed substantial, irrevocable losses for the
u.s.; but importantly, of america’s own making; self-defeat if you will,
compounded by a slew of bad choices. Sadly, Ayatollah Ali Khamenei is
quite correct when he states: "The Israelis and the U.S. are
more concerned about what would happen to their interests in a post-Mubarak
regime." … and further, ‘He also accused the United States of propping up
corrupt leaders in the region to protect its interests and those of its ally israel.’
Unfortunately, as has become chrystal clear from america’s perpetual war in the
region, the people have invariably figured last in america/israel’s unbalanced
equations. ]
Spreading
unrest raises pressure on Mubarak (Washington Post) An array of new
developments turned against President Hosni Mubarak on Wednesday as Egypt moved
closer to a full rupture between its autocratic government and a growing
popular rebellion. [ Do not talk about
ruptures in the presence of Pharhosni Mubarak he chides the Washington Post!
After all, at 82 years old and 30 years in power, hernias are known to quite
easily happen… Previous: Free
elections still distant prospect for Egypt Activists
express doubts about feasibility of September ballot (Washington Post) ["I'm shocked by what
the Americans say - that Mubarak must stay as president so we can prepare for
new elections,'' said Negad El Borai, a human rights advocate and lawyer in
Cairo. "Mubarak must leave, and then we can talk." … Truth be told,
I’m not shocked. Indeed, though this is only marginally what america / israel
wanted, this will stick to america / israel like glue; that proverbial
albatross; that lose, lose scenario for america in the region. Previous: Egypt protests continue as Mubarak's
government offers concessions (Washington Post) [ Come on! Let not
all of us join america’s / israel’s, et als, and mubarak’s delusions. After all, here’s an 82 year old tyrant, in
power for 30 years, yet in some parallel universe appears to think he’s calling
the shots. Other than literal and quite foolish shots against protesters, even
journalists, see infra, there are few indeed that would trust his mindset, such
as it is, much less his judgment, so flawed as he has now shown it to be. What
is obvious is that this long overdue ‘people’s election’ cannot be thwarted by
platitudes and small talk, but resisting the inevitable will turn an american
quasi-ally into an anti-american breeding ground because there’s just no
reconciling a pro-mubarak, however slight, position with american / israeli, et
als war crimes in the region. Restless
Cairo protesters hoping for U.S. support (Washington Post) [ The sad
reality here is, much like wobama’s Afghanistan fiasco, that america has
‘bought it’. This is truly yet another ‘loss, loss’ scenario as is true of
america’s mideast policy generally. Defacto bankrupt america’s initiatives in
the region particularly, though generally true of all american policy, is the
‘square pegs in round holes’ approach to almost everything they do, which
certainly is not lost on the rest of the world. Coddling and caving in to
israeli / neocon / zionist paranoia despite the war mongering intransigence of
the former is devastating to a nation as pervasively corrupt america which is
facing insurmountable domestic problems of its own, economically, financially,
politically, and geo-politically. This should bring to mind the missteps of a
former fading empire in this same region desperately trying to remain relevant.
Indeed, from Balfour’s Despoliation to arbitrary boundaries, etc., Orwellian
britain’s demise (decline) as a real player globally was, as america’s
currently, significantly and irrevocably hastened. Quite simply, pervasively
corrupt, defacto bankrupt america will increasingly be viewed as a bunch
of ‘muck-ups’ who can’t handle their
own substantial problems much less those of other nations; and in fact,
invariably exacerbate existing conditions / problems, particularly when
pandering to israel’s self-interested concerns. ] While the ouster of President
Hosni Mubarak remains the most pressing concern for protesters, the role of
U.S. is far from absent in the dialogue. { Previous: Amid Arab protests, U.S. influence has waned
(Washington Post) [ And that’s just the way israel likes it … and to america’s
detriment, of course … which is not lost on even George Soros … Drudgereport: Soros: 'The main stumbling
block is Israel'...
Egyptian
protesters plan new push Government
detains foreigners, says it's willing to open talks (Washington Post) [ Open talks? ‘bout what?
Building a pyramid in mubarak’s honor before stepping down? He’s done … finito
… burnt as an over-micro-waved burrito! The following from the Post is indeed
the straw that broke the riders with whips he sent on camels’ and horses’
backs! ‘Wants to die in Egypt? How
touching, or the reality, he’s just plain touched as in totally ‘out of
it’. ‘…In what the U.S. State
Department called a "concerted campaign to intimidate," several dozen
journalists were rounded up by security forces and detained for hours, along
with foreigners working as teachers, engineers and human rights researchers.
Across the city, angry bands of supporters of President Hosni Mubarak also beat
journalists; several reporters said that they were threatened with death…’ ]
Cairo seeks to shift blame for clashes by rounding up journalists; U.S.
worries renewed protests could spark more violence from Mubarak supporters. Demonstrations
in Egypt take bloody turn In
Cairo square, Mubarak backers confront anti-government crowds (Washington Post) [ Not too difficult for desperate and done
mubarak to contrive: Mubarak
Says Egyptians Have to Choose Between “Chaos” and Him … Then Sends In His Thugs
to Stir Up Chaos (Infowars.com) In
order to justify staying in power until elections are held in September,
President Mubarak said on tv that the people had to choose between him and
“chaos”. ] The coordinated nature of day's events suggested that Mubarak's
supporters were determined to show, as he had warned, that the country faced a
"choice between chaos and stability." [ Previous: Mubarak's
pledge seen as not enough Egyptian
president plans to stay in office to transfer power (Washington Post) [ Let me put it another
way: Mubarak is as done as an over-cooked tamale … He seems to be stalling for
time and even in his age impaired mind certainly knows his position is
untenable, unsustainable, and even more irrational as each second passes. There
is a possibility that he’s using same to move money / treasure for himself and
others, literally as well, buying time. See infra … Previous: Mubarak
seeks dialogue, shows no sign of relenting Demonstrators
call for massive protest but lack leadership (Washington Post) [ He relented when he
resorted to media / internet blackout. Indeed, this lack of sign thing is a
testament to how far from reality 30 years has taken him, not to mention the
other 52 years that have taken their toll on his cognitive processes. Whether
it is plaques ‘on the brain’ or outright senility, that he is so disengaged
from the events unfolding around him, one may only wonder how he lasted this
long. Nor did his choice of cia standin / shill, new VP Suleiman enhance his
now untenable position which leaves him as ‘done as a burnt enchilada’. Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The
import of this so-called interview, and it is here that I part company with
alex jones, et als (who by the way, censored me for this very thesis, which
puts him and his at the top of my hypocrite list), is that the so-called elite
have orchestrated these events and ‘are in control’. First, there are no elites
in this world; you can’t derive elites from apes, notochordates, and initially
single celled organisms. Second, almost by definition and certainly by history,
there are no elites in america even if you were to accept the first proposition
(though true) as untrue. What you do have, in this world and america
particularly (with few exceptions as I’ve discussed elsewhere / comments / my
website), are inherent criminals and mentally ill people of varying degrees of
unscrupulousness and insanity who do commit crimes, both small and large, to
further their interests or fortunes (sociopaths / psychopaths). The ’so-called
alpha-dogs’ of the human species at most, but still incompetent vegetables who,
if you look at anything they touch (to use a term term of such incompetent
vegetables as historically pertains to their role in the mideast – and
generally the state of the world) it invariably goes ‘pear shaped’ (english
term). What hasn’t zionist kissinger not messed up as appointee or ‘consultant’
– what does he get paid for? No! The fact is, they have absolutely no idea how
this unfolds and as with most of their lives, they will predictably choose the
most sordid, despicable, and diabolical course at every turn because … that is
their inherently criminal, mentally ill / unstable nature to do so. ]
] Fragile steps to end crisis seen as plans
take shape for a transition process that would allow Mubarak to remain as a
figure head until new elections.
}
]
]
After decades of repression, democracy advocates say it could take many
months -- if not years -- to lay groundwork for open and credible elections.
]
Julian
Assange must be extradited to Sweden (Washington Post) [ Julian
Assange to be extradited to Sweden Infowars.com [ No surprise here. As I’ve previously written, I’m
against the censorship since one always, in the final analysis, must discern
truth from falsehood, information from disinformation, reality from propaganda.
In truth, I found it somewhat shocking and more than surprising that of all
places ‘to escape to’, Assange chose Orwellian england, puppet to the u.s. and
guarantor of servility to u.s./zionist interests, such is their own desperate
circumstances. What was he thinking? ]
WikiLeaks founder Julian Assange is to be extradited to Sweden to face
allegations of rape and sexual assault. Assange will appeal, his legal team
confirmed. If this is unsuccessful, he will be extradited to Sweden in 10
days. ] LONDON - Britain will honor
Sweden's request to extradite WikiLeaks founder Julian Assange to face
sex-crime allegations, a British judge ruled Thursday.
16
miles away, Saudi Arabia's watchful eye looms over Bahrain unrest (Washington Post) [ I’m sure they
are … with a microscope at that. Saudis Worried
Protests Will Hit Home - saudi arabia;
talk about do nothing hypocrites. How does one family claim ownership of all
the oil reserves of a sovereign nation; I suspect only when foreign
corporations say so For the sake of the saudi Arabian people, more
than just protests should come to fruition!
] AFP | Saudi royal warns Arab world uprisings could cause
harm unless they reform. Bahrain authorities launch surprise attack on protesters [There’s the america and saudi Arabia
effect; far less than democratic and far more deadly in the mideast among other
places; talk about hypocrites. How does one family claim ownership of all the
oil reserves of a sovereign nation as the saudis; time for the saudis to go the
way of dictator Mubarak and take the war criminal americans with them. ] Los Angeles Times Tear gas
canisters bombard sleeping protesters in Manama's Pearl Square. At least two
men are reported killed Video: Bahrain
protesters look to emulate Egypt revolt 
euronews Riot Police Attack Bahrain Protesters Voice
of America ‘Saudi
Arabia sending troops to Bahrain’ Saudi Arabia is sending troops to Bahrain in a move to crack down
on pro-democracy protesters who took to the streets in the capital Manama, a
political analyst says. [SAUDIS TOLD OBAMA 'NOT TO HUMILIATE MUBARAK'
[ Sounds like they’re hearing footsteps…Previous: Egyptian
capital teeters on anarchy Mubarak
asks cabinet to resign as anti-regime protests intensify
(Washington Post) [ Mubarak should have been looking in the mirror as he asked
his cabinet to resign … 30 years is a long time, and coincidentally, time for
him to go. In
Egypt: Access denied (Washington Post) [The day part of the Internet died: Egypt goes dark [I disagree!
Part of the internet didn’t die, but rather the order to so darken the nation
heralded the demise, at 30 years and counting, of the so-called leadership in
the persona of Mubarak. Time for him to go! After all, he’s been in a position,
with Egypt among the only Mideast nations to have signed a peace treaty with
israel, to have stepped up with substantial credibility in taking a strong
position against israeli transgressions, violations of international law / u.n.
resolutions, war crimes, etc., which beyond soft-touch, he failed to do. And,
of all places, he sends his family to Orwellian england; he still loves those
colonial masters … how pathetic. I mean, 30 years … how free-flowing does
anyone think the election process is at this point … and one could ask the same
regarding the entrenched powers that be in pervasively corrupt, defacto
bankrupt america, to be fair. Then there’s saudi arabia; talk about do nothing
hypocrites. How does one family claim ownership of all the oil reserves of a
sovereign nation; I suspect only when foreign corporations say so. The only
Mideast nations showing backbone are Turkey, Lebanon, and Syria, and, of course
the perennially propaganda painted bad-boy Iran among possibly some of the
smaller emirates, ie., Qatar, etc., (I lack sufficient information regarding
these other nations). ] (AP)
Internet cutoff fails to silence Egypt protests (AP)
- ]
Lt. Gen. John Kelly, who lost son to war,
says U.S. largely unaware of sacrifice (Washington Post) [ I
disagree! They are very much aware; as they stand in unemployment lines, use
food stamps to get by, etc.. I hate to sound cavalier and I’m truly sorry that
Kelly lost a son to war, but along with the multitude of civilians in the
nations unlucky enough to provide a source of corporate welfare to the military
industrial complex and war profiteering for the few (as warned against by
President General Eisenhower), they died for nothing, for no good reason beyond
the false propaganda. ]
Imams
wage political battle against U.S. (Washington Post) [ Yeah!
Are not these native Afghans freedom fighters in the highest, truest, and most noble sense of the term. I mean,
pervasively corrupt / defacto bankrupt america’s destructive and corrupting
influence is unequivocal (including the resurgent heroin trade that had all
been eradicated by the Taliban). This unlawful incursion is a lose, lose
scenario for all parties; and, america’s / israel’s / nato’s zionist
aspirations in the region are among the most self-destructive, self-defeating
policies in world history. ] For
the U.S. government, and for the 100,000 American troops fighting in
Afghanistan, the messages delivered last Friday could hardly have been worse.
Cohen: Time
for Arabs to reject anti-semitism (Washington Post) [ Reality check … time
for israelis / jews to reject zionism and all that is entailed therein,
including an alternate reality that defies credulity, rationality, and facts;
such as, a self-rationalizing greed, anti-arab / anti-Christian predisposition
and the ‘Oedipal Effect’ (blowback) engendered thereby. No, Johnny Carson was
not anti-semitic (Fred Silverman), same for Charlie Sheen (Chuck Lorre), etc.
(the list is endless inasmuch as when facts are not on their side, such
specious inflammatory arguments as ‘anti-semitism’, prejudice, are a convenient
subterfuge distracting from their weak position; ie., illegal nukes, war
crimes, ignoring u.n. resolutions, ie., 242, 338, etc., ignoring international
law. At best, no … God did not give them this land … at worst, God took the
land back when they with roman muscle crucified Christ. Balfour was an
arbitrary, incompetent, british joke.).
]
U.S.
vetoes Security Council resolution denouncing Israeli settlements (Washington Post) [ Drudgereport: Hillary Clinton:
Israeli Settlements 'Illegitimate'… [We know that hill … We’ve known that for
quite some time along with their illegal nukes, war crimes, etc…The whole world
knows that hill… so don’t just talk about it … DO SOMETHING! ] ...
Yes! … in pervasively corrupt, defacto america’s self-defeating,
self-destructive way they are doing something … U.S.
vetoes Security Council resolution denouncing Israeli settlements … Sounds
like a plan! … right! … for self-destruction! ] Sallai Meridor: Israel's
fear (Washington Post) [ Come on! Wake up! Illegal nuke totin’, war crimes
nation israel’s fears … p l e a s e, spare me the pro-israeli b*** s*** ! What
israel fears is a projection of their own ill-founded motives and actions for
which all norms, rules, laws governing civilized behavior are suspended for
expedience at the least, and blood-thirst that some posit as a remnant of their
historic role as Christ-killers (with roman ‘juice’). Isn’t it time, in these desperate times for america, to put
america’s, not israel’s interests, first.
Who cares what israel fears … In 1948, U.S.
Secretary of Defense James Forrestal, an opponent of the creation of a Jewish
state in Palestine, warned that, even though failure to go along with the
Zionists might cost President Truman the states of New York, Pennsylvania, and
California, it was about time that somebody should pay some consideration to
whether we might not lose the United States….. Mr. Forrestal was absolutely
correct! Isn’t that exactly what’s happened to defacto bankrupt america in
intractable decline. TIME TO REVOKE AND NULLIFY THE BALFOUR DECLARATION AND
ABROGATE THE CREATION OF THE NATION STATE OF ISRAEL IN THE INTERESTS OF
FAIRNESS, JUSTICE, PEACE AND PROSPECTIVE PROSPERITY FOR THIS WORLD! Israel wary of transition in Egypt, concerned
about regional stability (Washington Post) [ Who cares what the
paranoid, war criminal, illegal nuke totin’, war criminal israelis are wary of.
This country has gone down the tubes cow-towing to the paranoid,
self-interested concerns of the psycho / sociopathic zionist israelis who are
forever projecting their own pathological motives to every turn of history
while ignoring their own culpability in producing the very outcomes they
purportedly seek to avoid. War, conflict, greed, bloodshed is the historically
based israeli way. ] A
resurgent Syria alarms u.s., israel (Washington Post) [ Tell me! What doesn’t alarm these two
paranoid, zionist neo-nazi regimes of oppression, suppression, aggression, and
regression. If they were individuals, they’d undoubtedly be diagnosed as
psychopaths, sociopaths totally ignorant of the rights of others, laws,
civilized behavior as israel pads her illegal nuke arsenals with american
supplied weaponry / support while expecting all other nations to ‘role over and
die’. Bipolar / manic / depressive, the ups and downs are increasingly
difficult for even americans to follow. Obssessive / compulsive thy names are
zionist israel / america. Projection / displacement regarding their own illegal
acts, war crimes, etc.; what they distinguished from what they do …
dissociative identity disorder, dissociative fugue? Yes … the u.s. and israel
are the world’s lunatics, sorely in need of therapy! ] Syria's fresh interference in Lebanon and
its increasingly sophisticated weapons shipments to Hezbollah have alarm
officials and prompt Israel's military to consider striking a Syrian weapons
depot.
Peter King, IRA supporter and enthusiastic
counter-terrorism advocate (Washington Post) [ A neocon; a zionist
with a large jewish constituency; an IRA terrorist supporter; looks a lot like,
bears a striking resemblance to, corrupt dodo dodd former Conn. Senator; in
sum, that can’t be good. Maybe he suffers from a multiple personality disorder.
I mean … wow! Whew! ]
NATO troops kill Karzai's cousin in botched
raid, Afghans say (Washington Post) [ ‘All the right moves’. Right,
right, right! Righto!…Riiiiight! Winning those hearts and minds; or as Charlie
Sheen would say … duh … winning! Whew! U.N. alarmed by surge in civilian casualties
in Afghanistan 
(Washington
Post) [ No, gates has already addressed that … minor setbacks, says he … Turmoil
jars U.S. counter-terror efforts 
(Washington
Post) [ Now how does this come as a surprise to anyone? Beyond america’s
propaganda machine, orwellian england, etc., just how do think the war crimes,
invasions, pillaging and plundering, and killing of innocent children, women,
and men by pervasively corrupt, defacto bankrupt america et als for the sake of
the u.s. military military complex are viewed by the rest of the world, and
particularly the subject region. Euphemistically but realistically speaking,
‘not good’! … Gates says killing of Afghan boys a "setback" (Reuters)
[Ah, yes, riiiiight! … that’s what it is, alright…just a setback…I see. ] Gates: US
military to stay in Afghanistan US
Defense Secretary Robert Gates, who is on a surprise visit to Afghanistan, says
the American military should stay in the conflict-riddled country despite the
rising human costs. Violent
spring looming in Afghanistan (Washington Post) [ See … something to look
forward to … must be that good news that keeps getting pushed back … and spring
no less … everything bombing blooming or in war criminal american-speak …
‘booming’ … but not the defacto bankrupt american economy for which a crash is
‘looming’. Could somebody help me out with a translation of gates’ speech a
west point … I must be missing something … Lt. Gen. John Kelly, who lost son to war,
says U.S. largely unaware of sacrifice (Washington Post) [ I
disagree! They are very much aware; as they stand in unemployment lines, use
food stamps to get by, etc.. I hate to sound cavalier and I’m sorry that Kelly
lost a son to war, but along with the multitude of civilians in the nations
unlucky enough to provide a source of corporate welfare to the military
industrial complex and war profiteering for the few (as warned against by
President General Eisenhower), they died for nothing, for no good reason beyond
the false propaganda. Six NATO troops killed in Afghanistan
(Washington Post) [ Is there something wrong with the following picture? … am I
missing something? … Gates's warning: Avoid land war in Asia, Middle East, and
Africa Christian Science
Monitor - In a speech to cadets at the United States Military
Academy at West Point, Gates's message was clear: The US military services, as well
as the elected and appointed civilians who send them to war, need better ways
of foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning
Against Wars Like Iraq and Afghanistan New York
Times [ Better said, than unsaid; but,
methinks a bit late for that in light of pervasively corrupt, defacto bankrupt
america’s consummate decline and fall! If only they had listened and not shot
at the messenger … things could have been different! ]
] American military officials
expect that the Taliban will mount a campaign to regain ground lost to U.S.
troops last year and use suicide bombing teams to strike at those associated
with the Afghan government or coalition forces. ]
Violent
spring looming in Afghanistan (Washington Post) [ See … something to look
forward to … must be that good news that keeps getting pushed back … and spring
no less … everything blooming, or in war criminal american-speak … ‘booming’ …
but not the defacto bankrupt american economy for which a crash is ‘looming’.
Could somebody help me out with a translation of gates’ speech a west point … I
must be missing something … Lt. Gen. John Kelly, who lost son to war,
says U.S. largely unaware of sacrifice (Washington Post) [ I
disagree! They are very much aware; as they stand in unemployment lines, use
food stamps to get by, etc.. I hate to sound cavalier and I’m sorry that Kelly
lost a son to war, but along with the multitude of civilians in the nations
unlucky enough to provide a source of corporate welfare to the military
industrial complex and war profiteering for the few (as warned against by
President General Eisenhower), they died for nothing, for no good reason beyond
the false propaganda. Six NATO troops killed in Afghanistan
(Washington Post) [ Is there something wrong with the following picture? … am I
missing something? … Gates's warning: Avoid land war in Asia, Middle East, and
Africa Christian Science
Monitor - In a speech to cadets at the United States Military
Academy at West Point, Gates's message was clear: The US military services, as
well as the elected and appointed civilians who send them to war, need better
ways of foreseeing and preparing for ...
Gates Tells US Army to Take New Approach Voice of America Warning
Against Wars Like Iraq and Afghanistan New York
Times [ Better said, than unsaid; but,
methinks a bit late for that in light of pervasively corrupt, defacto bankrupt
america’s consummate decline and fall! If only they had listened and not shot
at the messenger … things could have been different! ] ] American military officials expect that the
Taliban will mount a campaign to regain ground lost to U.S. troops last year
and use suicide bombing teams to strike at those associated with the Afghan
government or coalition forces.
NATO endorses plan for Afghan forces to take
over several areas (Washington Post) [ Yeah! Sounds like a plan … if
the several areas encompass the entire nation; and, nato quits their
foolishness in wasting money they don’t have for the sake of the military
industrial complex, war profiteers, thieves, and (nato) heroin dealers. ]
Karzai
condemns deadly NATO airstrike (Washington Post) [ Well, for pervasively
corrupt, defacto bankrupt america, it’s just another of many war crimes. They
just role out the propaganda machine that no one is buying anymore. Yet, can
you believe your eyes and ears here: Six NATO troops killed in Afghanistan
(Washington Post) [ Is there something wrong with the following picture? … am I
missing something? … Gates's warning: Avoid land war in Asia, Middle East, and
Africa Christian Science
Monitor - In a speech to cadets at the United States Military
Academy at West Point, Gates's message was clear: The US military services, as
well as the elected and appointed civilians who send them to war, need better
ways of foreseeing and preparing for ...
Gates Tells US Army to Take New Approach Voice of America Warning
Against Wars Like Iraq and Afghanistan New York
Times [ Better said, than unsaid; but,
methinks a bit late for that in light of pervasively corrupt, defacto bankrupt
america’s consummate decline and fall! If only they had listened and not shot
at the messenger … things could have been different! ] A NATO airstrike that Afghan officials
said killed nine children collecting firewood in eastern Afghanistan beccomes
the latest irritant in the tense relationship between President Hamid Karzai
and the international force in the country.
Turmoil
jars U.S. counter-terror efforts 
(Washington
Post) [ Now how does this come as a surprise to anyone? Beyond america’s
propaganda machine, orwellian england, etc., just how do think the war crimes,
invasions, pillaging and plundering, and killing of innocent children, women,
and men by pervasively corrupt, defacto bankrupt america et als for the sake of
the u.s. military military complex are viewed by the rest of the world, and
particularly the subject region. Euphemistically but realistically speaking,
‘not good’! … Gates says killing of Afghan boys a "setback" (Reuters)
[Ah, yes, riiiiight! … that’s what it is, alright…just a setback…I see. ] Gates: US
military to stay in Afghanistan US
Defense Secretary Robert Gates, who is on a surprise visit to Afghanistan, says
the American military should stay in the conflict-riddled country despite the
rising human costs. Violent
spring looming in Afghanistan (Washington Post) [ See … something to look
forward to … must be that good news that keeps getting pushed back … and spring
no less … everything bombing blooming or in war criminal american-speak …
‘booming’ … but not the defacto bankrupt american economy for which a crash is
‘looming’. Could somebody help me out with a translation of gates’ speech a
west point … I must be missing something … Lt. Gen. John Kelly, who lost son to war,
says U.S. largely unaware of sacrifice (Washington Post) [ I
disagree! They are very much aware; as they stand in unemployment lines, use
food stamps to get by, etc.. I hate to sound cavalier and I’m sorry that Kelly
lost a son to war, but along with the multitude of civilians in the nations
unlucky enough to provide a source of corporate welfare to the military
industrial complex and war profiteering for the few (as warned against by
President General Eisenhower), they died for nothing, for no good reason beyond
the false propaganda. Six NATO troops killed in Afghanistan
(Washington Post) [ Is there something wrong with the following picture? … am I
missing something? … Gates's warning: Avoid land war in Asia, Middle East, and
Africa Christian Science
Monitor - In a speech to cadets at the United States Military
Academy at West Point, Gates's message was clear: The US military services, as
well as the elected and appointed civilians who send them to war, need better
ways of foreseeing and preparing for ...
Gates Tells US Army to Take New Approach Voice of America Warning
Against Wars Like Iraq and Afghanistan New York
Times [ Better said, than unsaid; but,
methinks a bit late for that in light of pervasively corrupt, defacto bankrupt
america’s consummate decline and fall! If only they had listened and not shot
at the messenger … things could have been different! ]
] American military officials
expect that the Taliban will mount a campaign to regain ground lost to U.S.
troops last year and use suicide bombing teams to strike at those associated
with the Afghan government or coalition forces. ]
U.N. confirms probe into allegations of
torture by Gaddafi's forces 
(Washington
Post) [ Well we all know how effective the u.n. has been in enforcing the mandate against torture / war crimes in
light of their stern rebuke / sanctions / action against the u.s. / israel …
riiiiight! http://albertpeia.com/evilonthetarmac.htm ]
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.
Bombs
more lethal than in Dec. 25 attempt (Washington Post) [ Truth be told, there’s no shortage of
pre-election skepticism … ] The package
bombs discovered on cargo flights last week contained far more explosive
material than the device that the alleged underwear bomber planned to use last
Christmas to down a Detroit-bound jetliner, officials said. [Did
Obama Order British Authorities To Find Non-Existent Ink Bomb? Paul
Joseph Watson | Only after President’s speech did East Midlands
security officials reverse earlier announcement that suspicious device was a
dud..
The Cult Of Obama
Crashes And Burns Steve Watson | The hope has gone, the
change never came – now people are just pissed off.
Toner Bomb Plot
Used to Empower CIA Kurt Nimmo | Absurd toner bomb plot
provides excuse to rationalize the global reach of the CIA into Arabian
peninsula.
CIA
Stooge Awlaki Prime Suspect Behind Plane Bomb Plot Paul Joseph
Watson | Evidence screams “false flag” as authorities seek to crush
resistance against invasive airport security measures, while Obama exploits
event for domestic and geopolitical gain.
Israel
Knew About Toner Bomb Plot Before Devices Were Found Transportation
minister hints state knew about mail terror plot before it was publicly
revealed Friday. ‘Since Thursday Israeli representatives have been securing
shipments to Israel from airports worldwide,’ he says.
Did
Obama Order British Authorities To Find Non-Existent Ink Bomb? After having
examined the suspicious ink toner device for six hours and found it to be a
dud, bomb experts at East Midlands Airport only reversed their decision after
being ordered to re-inspect the package by US authorities following President
Obama’s Friday afternoon speech in which he claimed that the devices did in
fact contain explosives.
Toner Bomb Plot
Used to Empower CIA In addition to adding new urgency and a fresh dose of
hysteria to the flagging war on manufactured terror, the toner bomb plot has
provided an excuse to rationalize the global reach of the CIA.
No
U.S. Commercial or Private Plane left Yemen to the U.S. over last 48 hours;
Yemeni Official A Yemeni official told Yemen Post that no U.S. cargo
aircraft of any American company flew out of Yemen over the last 48 hours.
Yemen
Insists No Packages Sent 48 Hours Prior to Toner Bomb Hysteria Kurt
Nimmo | As usual, the government has not done a very good job of
making the latest al-CIA-duh plot credible.
Obama
‘Fake Terror’ Alert Story Hits #1 on Google Efforts to warn the population
that the Obama Administration, like the Bush Administration before it, has
engaged in issuing fake terror alerts has gone viral, with the search term
“fake terror” reaching #1 on Google Trends. It is yet another success in the
Infowar, initiated on the Alex Jones Show.
Obama
Issues Fake Terror Alert On Eve Of Elections As we predicted on four
separate occasions would happen, the Obama White House has deliberately
contrived a fake terror scare on the eve of the mid-term elections in an effort
to subdue the rampaging political appetite for anti-big government candidates
that threatens to sweep aside establishment incumbents next week. ]
Obama:
Suspicious packages are a 'credible terrorist threat' (Washington
Post) [October surprise anyone …
still October … trick or treat … there are skeptics … then there are some
who’ll say … just jewish synagogues, no big deal … nothing of strategic value …
healthy dose of skepticism … Obama
‘Fake Terror’ Alert Story Hits #1 on Google Aaron Dykes
Infowars.com October 29, 2010 Efforts to warn the population that the Obama
Administration, like the Bush Administration
before it, has engaged in issuing fake terror alerts has gone viral,
with the search term “fake terror” reaching #1 on
Google Trends. It is yet another success in the Infowar, initiated
on the Alex Jones Show. As we are just days out from the 2010 midterm
elections, voters must realize that the establishment has willfully engaged in
hyping up false alerts to scare the public into believing that we are under
siege by potential terrorist acts at all moments. Various “officials” have been
warning that an attack is likely to occur for weeks now, and it is no surprise
to see the Obama Administration trying to use the fear to its advantage. Recall
that Obama advisor and former top Clinton official, Robert Shapiro, alluded to the
idea that only a terror attack could save Obama’s presidency earlier
in the year.
“The bottom line here is that Americans don’t believe in President
Obama’s leadership,” said Shapiro, adding, “He has to find some way between now
and November of demonstrating that he is a leader who can command confidence
and, short of a 9/11 event or an Oklahoma City bombing, I can’t think of how he
could do that.”
Read the original story by Paul Joseph Watson here, as it has been updated.
The
general scare of the fake terror alert is all the more alarming, as President
Obama has gone on to contradict announcements from his own administration,
claiming that the suspicious package “did apparently contain explosive
material” in a press conference. This,
after it was already admitted the suspicious package, which originated from the
UK, was harmless and contained no
explosives Obama Issues Fake Terror Alert On
Eve Of Elections Paul Joseph Watson | Establishment
media fearmongers about “mail bomb plot” despite no bombs being found. Corporate Media On High Alert
Over “Manipulated” Toner Cartridge On UK Plane Kurt Nimmo
| Officialdom and authorities jack up the scary pre-election rhetoric ]
GOP's
Palin paradox (Washington Post) Parker: She's too powerful to ignore, and too (fill-in-the-blank) to take
seriously. [ Say it! … Dumb! … Everybody knows it! … Cher even said it! … I
believe that this further evinces the leadership vacuum in america and is a
testament to how unequivocally far america has fallen. Powerful? I don’t think so! ]
Sarah
Palin: The Next Teleprompter Reader in the White House [ Not gonna’ happen
… she’s just too embarrassingly dumb …
and all that fake macho / zionist b*** s***
… unless her gal o’donnel casts a spell … which is a whole new ball game
… witches … really … how ‘bout dumb *******s …. she’s really dumb enough to
press the button. ] ? Kurt Nimmo | In 2008, Tea Party Sarah trekked to New York to
kiss Henry Kissinger’s ring.
Sarah
Palin: The Next Teleprompter Reader in the White House? [ Not gonna’ happen … she’s just too embarrassingly dumb … unless her gal o’donnel casts a spell …
which is a whole new ball game … witches … really … how ‘bout dumb *******s ...
and all that fake macho / zionist b*** s*** ... she’s really dumb enough to
press the button. ] It looks like the establishment is grooming Tea Party Sarah
for a run. She says as much in the Newsmax interview below.
Palin
calls reporters 'impotent' and 'limp' (Washington Post) [ I must reiterate,
she, palin’s so embarrassingly dumb! She truly is the joke that keeps on
giving! I really mean it! I mean, what next? ] The former Alaska governor
weighed in herself: "Those who are impotent and limp and gutless and they
go on their anonymous -- sources that are anonymous -- and impotent, limp and
gutless reporters take anonymous sources and cite them as being factual
references," she told Sean Hannity. "It just slays me ( this could be
a somewhat Freudian slip as she contemplates the uselessness of sexually
non-interested reporters while she meant lays and I think her supposed /
purported attractiveness / desirability is vastly overstated; but, this makes
for great SNL skits; you know, those reporters not man enough to service her
) because it's so absolutely clear what
the state of yellow journalism is today that they would take these anonymous
sources as fact."
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."
Comment on:
5 Myths about Sarah Palin at 10/14/2010 9:39 PM EDT
Test
yourself to find out how much you know about Sarah Palin. Take the quiz and
after, check out The Washington Post's 'Five Myths about Palin.' (Washington
Post) [ Geeh! I scoured the quiz / 5 myths and nowhere did I see the obvious
myth; viz., that she really has a brain. Maybe gal pal pol protégé o’donnell
can help her out … a few mysterious words, a slimy newt (gingrich) in a caldron
of b*** s*** , and voila … a new reality which is what o’donnell herself is
sorely in need of … O'Donnell, evolved Milbank: She didn't mention mice with
human brains in Wednesday's debate. But she said silly things. Stromberg:
O'Donnell is... wow The CNN host, moderating the long awaited Delaware
senatorial debate Wednesday night, was trying to get the Republican nominee to
talk about her 1998 statement on the Bill Maher show that "evolution is a
myth."
"Do you believe evolution is a myth?" Blitzer asked.
"I believe that the local ... " O'Donnell began, then started anew.
"I was talking about what a local school taught, and that should be
taught, that should be decided on the local community."
"Do you believe evolution is a myth?" the moderator repeated.
"Local schools should make that decision."
"What do you believe?"
"What I believe is irrelevant."
"Why is it irrelevant? Voters want to know."
"What I will support in Washington, D.C. is the ability of the local
school system to decide what is taught in their classrooms," O'Donnell
repeated.
The answer, though, was obvious: Of course she believes in evolution; she is a
product of evolution herself. She has evolved from a very odd woman who spoke
about the evils of masturbation and of mice with fully functioning human brains
and of her experience in sorcery (but she didn't join a coven!). …
Obama creates indefinite detention system for
prisoners at Guantanamo Bay 
(Washington
Post) [ Sounds more like fellow failed president/war criminal dumbya bush every
day. Meanwhile, back at the
pervasively corrupt, defacto bankrupt american credit farm (totalitarian
communist china): New
restrictions on foreign journalists Under rules announced after foreign
journalists were physically harassed by security officers, foreign journalists
must have government permission to interview anyone in a public area.]
In interview, Bush defends
Iraq war and waterboarding (Washington Post) [ Defending the indefensible … what choice
does he have … then there’s the lies … ] Bush
breaks silence, writes next chapter
(Washington Post) [ As a failed
president and war criminal himself, moron dumbya bush is among the few in the
world that makes failed president wobama look plausibly good in comparison …
wobama merely continued the failed policies of dumbya (perpetual war, no pros
the frauds on wallstreet, etc.) that got pervasively corrupt, defacto bankrupt
america to this point of decline and failure. ] Anne E.
Kornblut Your take: His most memorable moment? [ Like regrets in that old song (his way)
he’s had a few – http://albertpeia.com/evilonthetarmac.htm here’s a few: bushisms from bush the brain-damaged moron http://albertpeia.com/bushisms.htm
:
"After standing on the
stage, after the debates, I made it very plain, we will not have an
all-volunteer army. And yet, this week—we will have an all-volunteer army. Let
me restate that."—Daytona Beach, Fla., Oct. 16, 2004
"The CIA laid out several
scenarios and said life could be lousy, life could be OK, life could be
better, and they were just guessing as to what the conditions might be
like."—New York, Sept. 21, 2004
"Free societies are hopeful
societies. And free societies will be allies against these hateful few who have
no conscience, who kill at the whim of a hat."—Washington, D.C., Sept. 17,
2004 (Thanks to David Stanford.)
"That's why I went to the Congress
last September and proposed fundamental—supplemental funding, which is money
for armor and body parts and ammunition and fuel."—Erie, Pa., Sept. 4,
2004
"Too many good docs are
getting out of the business. Too many OB/GYN's aren't able to practice their
love with women all across the country."—Sept. 6, 2004, Poplar Bluff, Mo.
"They've seen me make
decisions, they've seen me under trying times, they've seen me weep, they've
seen me laugh, they've seen me hug. And they know who I am, and I believe they're
comfortable with the fact that they know I'm not going to shift principles or
shift positions based upon polls and focus groups." —Interview with USA
Today, Aug. 27, 2004
"I didn't join the
International Criminal Court because I don't want to put our troops in the
hands of prosecutors from other nations. Look, if somebody has done some wrong
in our military, we'll take care of it. We got plenty of capability of dealing
with justice."—Niceville, Fla., Aug. 10, 2004
"So community colleges are
accessible, they're available, they're affordable, and their curriculums don't
get stuck. In other words, if there's a need for a certain kind of worker, I
presume your curriculums evolved over time."—Niceville, Fla., Aug. 10,
2004
"Tribal sovereignty means
that, it's sovereign. You're a—you've been given sovereignty, and you're viewed
as a sovereign entity. And, therefore, the relationship between the federal
government and tribes is one between sovereign entities."—Washington,
D.C., Aug. 6, 2004
"Secondly, the tactics of
our—as you know, we don't have relationships with Iran. I mean, that's—ever
since the late '70s, we have no contacts with them, and we've totally
sanctioned them. In other words, there's no sanctions—you can't—we're out of
sanctions."—Annandale, Va., Aug. 9, 2004
"I mean, if you've ever
been a governor of a state, you understand the vast potential of broadband
technology, you understand how hard it is to make sure that physics, for
example, is taught in every classroom in the state. It's difficult to do. It's,
like, cost-prohibitive."—Washington, D.C., June 24, 2004 (Thanks to
Michael Shively.)
"Our enemies are innovative
and resourceful, and so are we. They never stop thinking about new ways to harm
our country and our people, and neither do we."—Washington, D.C., Aug. 5,
2004 (Thanks to Alicia Butler.)
"And I am an optimistic
person. I guess if you want to try to find something to be pessimistic about,
you can find it, no matter how hard you look, you know?"—Washington, D.C.,
June 15, 2004 (Thanks to Robert Irwin.)
"[A] free Iraq is essential
to our respective securities."—Washington, D.C., June 1, 2004
"I want to thank my friend,
Sen. Bill Frist, for joining us today. … He married a Texas girl, I want you to
know. (Laughter.) Karyn is with us. A West Texas girl, just like
me."—Nashville, Tenn., May 27, 2004
"I'm honored to shake the
hand of a brave Iraqi citizen who had his hand cut off by Saddam
Hussein."—Washington, D.C., May 25, 2004
"This has been tough weeks
in that country."—Washington, D.C., April 13, 2004 (Thanks to David
Huddleston.)
"[B]y the way, we rank 10th
amongst the industrialized world in broadband technology and its availability.
That's not good enough for America. Tenth is 10 spots too low as far as I'm
concerned."—Minneapolis, Minn., April 26, 2004
"My job is to, like, think
beyond the immediate."—Washington, D.C., April 21, 2004
"This is historic
times."—New York, N.Y., April 20, 2004
"Obviously, I pray every
day there's less casualty."—Fort Hood, Texas, April 11, 2004 (Thanks to Pat
Gallagher.)
"Recession means that
people's incomes, at the employer level, are going down, basically, relative to
costs, people are getting laid off."—Washington, D.C., Feb. 19, 2004
(Thanks to Garry Trudeau.)
"God loves you, and I love
you. And you can count on both of us as a powerful message that people who
wonder about their future can hear."—Los Angeles, Calif., March 3, 2004
(Thanks to Tanny Bear.)
"The march to war affected
the people's confidence. It's hard to make investment. See, if you're a small
business owner or a large business owner and you're thinking about investing,
you've got to be optimistic when you invest. Except when you're marching to
war, it's not a very optimistic thought, is it? In other words, it's the
opposite of optimistic when you're thinking you're going to war."
—Springfield, Mo., Feb. 9, 2004 (Thanks to Garry Trudeau.)
"See, one of the
interesting things in the Oval Office—I love to bring people into the Oval
Office—right around the corner from here—and say, this is where I office, but I
want you to know the office is always bigger than the person."—Washington,
D.C., Jan. 29, 2004 (Thanks to Michael Shively.)
"More Muslims have died at
the hands of killers than—I say more Muslims—a lot of Muslims have died—I don't
know the exact count—at Istanbul. Look at these different places around the
world where there's been tremendous death and destruction because killers
kill."—Washington, D.C., Jan. 29, 2004 (Thanks to Michael Shively.)
"In an economic recession,
I'd rather that in order to get out of this recession, that the people be
spending their money, not the government trying to figure out how to spend the
people's money."—Tampa, Fla., Feb. 16, 2004
"King Abdullah of Jordan,
the King of Morocco, I mean, there's a series of places—Qatar, Oman—I mean,
places that are developing—Bahrain—they're all developing the habits of free
societies."—Washington, D.C., Jan. 29, 2004
"But the true strength of
America is found in the hearts and souls of people like Travis, people who are
willing to love their neighbor, just like they would like to love
themselves."—Springfield, Mo., Feb. 9, 2004 (Thanks to George Dupper.)
"My views are one that
speaks to freedom."—Washington, D.C., Jan. 29, 2004
"In my judgment, when the
United States says there will be serious consequences, and if there isn't
serious consequences, it creates adverse consequences."
"There is no such thing
necessarily in a dictatorial regime of iron-clad absolutely solid
evidence. The evidence I had was the best possible evidence that he had a
weapon."
"The recession started upon
my arrival. t could have been—some say February, some say March, some
speculate maybe earlier it started—but nevertheless, it happened as we showed
up here. The attacks on our country affected our economy. Corporate scandals
affected the confidence of people and therefore affected the economy. My
decision on Iraq, this kind of march to war, affected the economy."—Meet
the Press, Feb. 8, 2004
"I was a prisoner too, but
for bad reasons."—To Argentine President Nestor Kirchner, on being told
that all but one of the Argentine delegates to a summit meeting were imprisoned
during the military dictatorship, Monterrey, Mexico, Jan. 13, 2004
"[T]he illiteracy level of
our children are appalling."—Washington, D.C., Jan. 23, 2004 (Thanks to
Lewell Gunter.)
"Just remember it's the
birds that's supposed to suffer, not the hunter."—Advising quail hunter
and New Mexico Sen. Pete Domenici, Roswell, N.M., Jan. 22, 2004
"One of the most meaningful
things that's happened to me since I've been the governor—the
president—governor—president. Oops. Ex-governor. I went to Bethesda Naval
Hospital to give a fellow a Purple Heart, and at the same moment I watched
him—get a Purple Heart for action in Iraq—and at that same—right after I gave
him the Purple Heart, he was sworn in as a citizen of the United States—a
Mexican citizen, now a United States citizen."—Washington, D.C., Jan. 9,
2004
"I want to thank the
astronauts who are with us, the courageous spacial entrepreneurs who set such a
wonderful example for the young of our country."—Washington, D.C., Jan.
14, 2004
"And if you're interested
in the quality of education and you're paying attention to what you hear at
Laclede, why don't you volunteer? Why don't you mentor a child how to read?"—St.
Louis, Mo., Jan. 5, 2004
"So thank you for reminding
me about the importance of being a good mom and a great volunteer as
well."—St. Louis, Jan. 5, 2004
"I want to remind you all
that in order to fight and win the war, it requires an expenditure of money
that is commiserate with keeping a promise to our troops to make sure that
they're well-paid, well-trained, well-equipped."
"See, without the tax relief package, there would have been a deficit, but
there wouldn't have been the commiserate—not 'commiserate'—the kick to our
economy that occurred as a result of the tax relief."
"[T]he best way to find these terrorists who hide in holes is to get
people coming forth to describe the location of the hole, is to give clues and
data."
"Justice was being delivered to a man who defied that gift from the
Almighty to the people of Iraq."—Washington, D.C., Dec. 15, 2003
"[A]s you know, these are
open forums, you're able to come and listen to what I have to
say."—Washington, D.C., Oct. 28, 2003
"The ambassador and the
general were briefing me on the—the vast majority of Iraqis want to live in a
peaceful, free world. And we will find these people and we will bring them to
justice."—Washington, D.C., Oct. 27, 2003 (Thanks to Robert Hack.)
"[W]hether they be Christian,
Jew, or Muslim, or Hindu, people have heard the universal call to love a
neighbor just like they'd like to be called
themselves."—Washington, Oct. 8, 2003 (Thanks to George Dupper.)
"See, free nations are
peaceful nations. Free nations don't attack each other. Free nations don't
develop weapons of mass destruction."—Milwaukee, Wis., Oct. 3, 2003
"[W]e've had leaks out of
the administrative branch, had leaks out of the legislative branch, and out of
the executive branch and the legislative branch, and I've spoken out
consistently against them, and I want to know who the leakers
are."—Chicago, Sept. 30, 2003
"Washington is a town where
there's all kinds of allegations. You've heard much of the allegations. And if
people have got solid information, please come forward with it. And that would
be people inside the information who are the so-called anonymous sources, or
people outside the information—outside the administration."—Chicago, Sept.
30, 2003 (Thanks to Andy Bowers.)
"[T]hat's just the nature
of democracy. Sometimes pure politics enters into the rhetoric."—Crawford,
Texas, Aug. 8, 2003 (Thanks to Inigo Thomas.)
"I glance at the headlines
just to kind of get a flavor for what's moving. I rarely read the stories, and
get briefed by people who are probably read the news
themselves."—Washington, D.C., Sept. 21, 2003
"I'm so pleased to be able
to say hello to Bill Scranton. He's one of the great Pennsylvania
political families."—Drexel Hill, Penn., Sept. 15, 2003 (Thanks to Michael
Shively.)
"We had a good Cabinet
meeting, talked about a lot of issues. Secretary of State and Defense brought
us up to date about our desires to spread freedom and peace around the
world."—Washington, D.C., Aug. 1, 2003 (Thanks to Tanny Bear.)
"Security is the essential
roadblock to achieving the road map to peace."—Washington, D.C., July 25,
2003
"Our country puts $1
billion a year up to help feed the hungry. And we're by far the most generous
nation in the world when it comes to that, and I'm proud to report that. This
isn't a contest of who's the most generous. I'm just telling you as an aside.
We're generous. We shouldn't be bragging about it. But we are. We're very
generous."—Washington, D.C., July 16, 2003
"It's very interesting when
you think about it, the slaves who left here to go to America, because of their
steadfast and their religion and their belief in freedom, helped change
America."—Dakar, Senegal, July 8, 2003 (Thanks to Michael Shively.)
"My answer is bring them
on."—On Iraqi militants attacking U.S. forces, Washington, D.C., July 3,
2003
"You've also got to measure
in order to begin to effect change that's just more—when there's more than
talk, there's just actual—a paradigm shift."—Washington, D.C., July 1,
2003 (Thanks to Michael Shively.)
"I urge the leaders in
Europe and around the world to take swift, decisive action against terror
groups such as Hamas, to cut off their funding, and to support—cut funding and
support, as the United States has done."—Washington, D.C., June 25, 2003
"Iran would be dangerous if
they have a nuclear weapon."—Washington, D.C., June 18, 2003
"Now, there are some who
would like to rewrite history—revisionist historians is what I like to call
them."—Elizabeth, N.J., June 16, 2003
"I am determined to keep
the process on the road to peace."—Washington, D.C., June 10, 2003 (Thanks
to Tanny Bear.)
"The true strength of
America happens when a neighbor loves a neighbor just like they'd like to be
loved themselves."—Elizabeth, N.J., June 16, 2003
"We are making steadfast
progress."—Washington, D.C., June 9, 2003 (Thanks to Michael Shively.)
"I'm the master of low
expectations."—Aboard Air Force One, June 4, 2003
"I'm also not very
analytical. You know I don't spend a lot of time thinking about myself, about
why I do things."—Aboard Air Force One, June 4, 2003
"I recently met with the
finance minister of the Palestinian Authority, was very impressed by his grasp
of finances."—Washington, D.C., May 29, 2003
"Oftentimes, we live in a
processed world—you know, people focus on the process and not
results."—Washington, D.C., May 29, 2003
"I've got very good
relations with President Mubarak and Crown Prince Abdallah and the King of
Jordan, Gulf Coast countries."—Washington, D.C., May 29, 2003
"All up and down the
different aspects of our society, we had meaningful discussions. Not only in
the Cabinet Room, but prior to this and after this day, our secretaries,
respective secretaries, will continue to interact to create the conditions
necessary for prosperity to reign."—Washington, D.C., May 19, 2003
"First, let me make it very
clear, poor people aren't necessarily killers. Just because you happen to be
not rich doesn't mean you're willing to kill."—Washington, D.C., May 19,
2003
"We ended the rule of one
of history's worst tyrants, and in so doing, we not only freed the American
people, we made our own people more secure."—Crawford, Texas, May 3, 2003
(Thanks to Tony Marciniec.)
"We've had a great weekend
here in the Land of the Enchanted."—Albuquerque, N.M., May 12, 2003 (New
Mexico's state nickname is "Land of Enchantment.")
"We've got hundreds of
sites to exploit, looking for the chemical and biological weapons that we know
Saddam Hussein had prior to our entrance into Iraq."—Santa Clara, Calif.,
May 2, 2003 (Thanks to Michael Shively.)
"I think war is a dangerous
place."—Washington, D.C., May 7, 2003
"I don't bring God into my
life to—to, you know, kind of be a political person."—Interview with Tom
Brokaw aboard Air Force One, April 24, 2003
"You're free. And freedom
is beautiful. And, you know, it'll take time to restore chaos and order—order
out of chaos. But we will."—Washington, D.C., April 13, 2003
"Perhaps one way will be,
if we use military force, in the post-Saddam Iraq the U.N. will definitely need
to have a role. And that way it can begin to get its legs, legs of
responsibility back."—the Azores, Portugal, March 16, 2003
"I know there's a lot of
young ladies who are growing up wondering whether or not they can be champs.
And they see the championship teams from USC and University of Portland here,
girls who worked hard to get to where they are, and they're wondering about the
example they're setting. What is life choices about?"—Washington, D.C.,
Feb. 24, 2003
"Now, we talked to Joan
Hanover. She and her husband, George, were visiting with us. They are near
retirement—retiring—in the process of retiring, meaning they're very smart,
active, capable people who are retirement age and are
retiring."—Alexandria, Va., Feb. 12, 2003 (Thanks to Dennis Doubleday.)
"Columbia carried
in its payroll classroom experiments from some of our students in
America."—Bethesda, Md., Feb. 3, 2003
"And, most importantly,
Alma Powell, secretary of Colin Powell, is with us."—Washington, D.C.,
Jan. 30, 2003
"The war on terror involves
Saddam Hussein because of the nature of Saddam Hussein, the history of Saddam
Hussein, and his willingness to terrorize himself."—Grand Rapids, Mich.,
Jan. 29, 2003
"When Iraq is liberated,
you will be treated, tried, and persecuted as a war criminal."—Washington,
D.C., Jan. 22, 2003 (Thanks to Chad Conwell.)
"Many of the punditry—of
course, not you (laughter)—but other punditry were quick to say, no one is
going to follow the United States of America."—Washington, D.C., Jan. 21,
2003
"One year ago today, the
time for excuse-making has come to an end."—Washington, D.C., Jan. 8, 2003
"I think the American
people—I hope the American–I don't think, let me—I hope the American people
trust me."—Washington, D.C., Dec. 18, 2002
"The goals for this country
are peace in the world. And the goals for this country are a compassionate
American for every single citizen. That compassion is found in the hearts and
souls of the American citizens."—Washington, D.C., Dec. 19, 2002 (Thanks
to Michael Shively.)
"There's only one person
who hugs the mothers and the widows, the wives and the kids upon the death of
their loved one. Others hug but having committed the troops, I've got an
additional responsibility to hug and that's me and I know what it's
like."—Washington, D.C., Dec. 11, 2002
"In other words, I don't
think people ought to be compelled to make the decision which they think is
best for their family."—Washington, D.C., Dec. 11, 2002 (Thanks to
Stephanie Nichols.)
"Sometimes, Washington is
one of these towns where the person—people who think they've got the sharp
elbow is the most effective person." —New Orleans, Dec. 3, 2002 (Thanks to
Michael Shively.)
"The law I sign today
directs new funds and new focus to the task of collecting vital intelligence on
terrorist threats and on weapons of mass production."—Washington, D.C.,
Nov. 27, 2002
"These people don't have
tanks. They don't have ships. They hide in caves. They send suiciders
out."—Speaking about terrorists, Portsmouth, N.H., Nov. 1, 2002
"I know something about
being a government. And you've got a good one."—Stumping for Gov. Mike
Huckabee, Bentonville, Ark., Nov. 4, 2002
"I need to be able to move
the right people to the right place at the right time to protect you, and I'm
not going to accept a lousy bill out of the United Nations Senate."—South
Bend, Ind., Oct. 31, 2002
"John Thune has got a
common-sense vision for good forest policy. I look forward to working with him
in the United Nations Senate to preserve these national heritages."
"Any time we've got any
kind of inkling that somebody is thinking about doing something to an American
and something to our homeland, you've just got to know we're moving on it, to
protect the United Nations Constitution, and at the same time, we're protecting
you."—Aberdeen, S.D., same day (Thanks to George Dupper.)
"Let me tell you my
thoughts about tax relief. When your economy is kind of ooching along, it's
important to let people have more of their own money."—Boston, Oct. 4,
2002
"I was proud the other day
when both Republicans and Democrats stood with me in the Rose Garden to
announce their support for a clear statement of purpose: you disarm, or we
will."—Speaking about Saddam Hussein, Manchester, N.H., Oct. 5, 2002
(Thanks to George Dupper.)
"You see, the Senate wants
to take away some of the powers of the administrative branch."—Washington,
D.C., Sept. 19, 2002
"We need an energy bill
that encourages consumption."—Trenton, N.J., Sept. 23, 2002
"People say, how can I help
on this war against terror? How can I fight evil? You can do so by mentoring a
child; by going into a shut-in's house and say I love you."—Washington,
D.C., Sept. 19, 2002
"I'm plowed of the
leadership of Chuck Grassley and Greg Ganske and Jim Leach."—Davenport,
Iowa, Sept. 16, 2002
"There's an old saying in
Tennessee—I know it's in Texas, probably in Tennessee—that says, fool me once,
shame on—shame on you. Fool me—you can't get fooled again."—Nashville,
Tenn., Sept. 17, 2002
"There's no doubt in my
mind that we should allow the world worst leaders to hold America hostage, to
threaten our peace, to threaten our friends and allies with the world's worst
weapons."—South Bend, Ind., Sept. 5, 2002
"If you don't have any
ambitions, the minimum-wage job isn't going to get you to where you want to
get, for example. In other words, what is your ambitions? And oh, by the way,
if that is your ambition, here's what it's going to take to achieve
it."—Speech to students in Little Rock, Ark., Aug. 29, 2002 (Thanks to
George Dupper.)
"See, we love—we love
freedom. That's what they didn't understand. They hate things; we love things.
They act out of hatred; we don't seek revenge, we seek justice out of
love."—Oklahoma City, Aug. 29, 2002
"There's no cave deep
enough for America, or dark enough to hide."—Oklahoma City, Aug. 29,
2002 (Thanks to Michael Shively.)
"President Musharraf, he's
still tight with us on the war against terror, and that's what I
appreciate. He's a—he understands that we've got to keep al-Qaida on the
run, and that by keeping him on the run, it's more likely we will bring him to justice."—Ruch,
Ore., Aug. 22, 2002 (Thanks to Scott Miller.)
"I'm a patient man. And
when I say I'm a patient man, I mean I'm a patient man."
"Nothing he [Saddam
Hussein] has done has convinced me—I'm confident the Secretary of Defense—that
he is the kind of fellow that is willing to forgo weapons of mass destruction,
is willing to be a peaceful neighbor, that is—will honor the people—the Iraqi
people of all stripes, will—values human life. He hasn't convinced me, nor has
he convinced my administration."—Crawford, Texas, Aug. 21, 2002
"I'm thrilled to be here in
the bread basket of America because it gives me a chance to remind our fellow
citizens that we have an advantage here in America—we can feed
ourselves."—Stockton, Calif., Aug. 23, 2002 (Thanks to Christopher Baird.)
"There's no bigger task
than protecting the homeland of our country."
"The federal government and
the state government must not fear programs who change lives, but must welcome
those faith-based programs for the embetterment of mankind."—Stockton, Calif.,
Aug. 23, 2002 (Thanks to George Dupper.)
"I love the idea of a
school in which people come to get educated and stay in the state in which
they're educated."
"There may be some tough
times here in America. But this country has gone through tough times before,
and we're going to do it again."
"I promise you I will
listen to what has been said here, even though I wasn't here."
"I can assure you that,
even though I won't be sitting through every single moment of the seminars, nor
will the vice president, we will look at the summaries."
"Tommy [Thompson, Health
and Human Services secretary,] is a good listener, and he's a pretty good
actor, too."
"The trial lawyers are very
politically powerful. … But here in Texas we took them on and got some good
medical—medical malpractice.""I firmly believe the death tax is good
for people from all walks of life all throughout our society."
—Waco, Texas, Aug. 13, 2002
"There was no malfeance
involved. This was an honest disagreement about accounting procedures. ...
There was no malfeance, no attempt to hide anything."—White House press
conference, Washington, D.C., July 8, 2002
"I also understand how
tender the free enterprise system can be."—White House press conference,
Washington, D.C., July 9, 2002
"Over 75 percent of white
Americans own their home, and less than 50 percent of Hispanos and African
Americans don't own their home. And that's a gap, that's a homeownership gap.
And we've got to do something about it."—Cleveland, Ohio, July 1, 2002
"Whether you're here by
birth, or whether you're in America by choice, you contribute to the vitality
of our life. And for that, we are grateful."—Washington, D.C., May
17, 2002
"I'd rather have them
sacrificing on behalf of our nation than, you know, endless hours of testimony on
congressional hill."—National Security Agency, Fort Meade, Maryland, June
4, 2002
"We're working with
Chancellor Schröder on what's called 10-plus-10-over-10: $10 billion from the
U.S.,$10 billion from other members of the G7 over a 10-year period, to help
Russia securitize the dismantling—the dismantled nuclear
warheads."—Berlin, Germany, May 23, 2002
"Do you have blacks,
too?"—To Brazilian President Fernando Cardoso, Washington, D.C., Nov. 8,
2001
"This is a nation that
loves our freedom, loves our country."—Washington, D.C, May 17, 2002
"The public education
system in America is one of the most important foundations of our democracy.
After all, it is where children from all over America learn to be responsible
citizens, and learn to have the skills necessary to take advantage of our
fantastic opportunistic society."—Santa Clara, Calif., May 1, 2002
"After all, a week ago,
there were—Yasser Arafat was boarded up in his building in Ramallah, a building
full of, evidently, German peace protestors and all kinds of people. They're
now out. He's now free to show leadership, to lead the world."—Washington,
D.C., May 2, 2002 (Thanks to M. Bateman.)
"This foreign policy stuff
is a little frustrating."—as quoted by the New York Daily News,
April 23, 2002
"I want to thank the dozens
of welfare to work stories, the actual examples of people who made the firm and
solemn commitment to work hard to embetter themselves."—Washington, D.C.,
April 18, 2002 (Thanks to George Dupper.)
"And so, in my State of
the—my State of the Union—or state—my speech to the nation, whatever you want
to call it, speech to the nation—I asked Americans to give 4,000 years—4,000
hours over the next—the rest of your life—of service to America. That's what I
asked—4,000 hours." —Bridgeport, Conn., April 9, 2002 …(there are many
more)
]
51 Iraqi worshipers, 7 troops killed in church siege (Washington Post) [ Yes, and even more sounds of silence … which of course smells like napalm in the morning … you know … that victory thing. ] Suicide bomber in Iraq kills at least 26 people, many of them police (Washington Post) [ Ah, yes … those sounds of silence … the birthing of a new american-style democracy … like napalm in the morning … smells like victory … (lucky for them bush / bushies / neo-cons lied about those wmd’s) … and all for the sake of israel and the military industrial complex. ]
Election outcome may complicate Obama's
foreign policy (Washington Post)
[ Wow! That’s all this country
needs … a more self-destructive zionist-leaning foreign policy which, as
obvious to the rest of the world, ignores israel’s transgressions (ie.,
violations of international law, u.n. resolutions, nuclear non-proliferation
treaty, etc.) while focusing on geopolitically detrimental or otherwise,
non-events. I see an already zionist-leaning foreign policy with wobama and co.
which begs the question … What foreign policy? James Forrestal made the point
infra: ]
Obama
cites Indonesia as model for Muslims (Washington Post)[
Drudgereport: Obama slams israel from
Jakarta … [ Wow! Who woulda’ thunk it … Wobama growing gonads in Indonesia … He
is quite correct, albeit in one of those sparingly infrequent moments … But,
alas … he’ll be returning to ‘little israel’ soon (usa) and I’m sure his
rhetoric will return to typical pro-israeli (anti-american interest) actions
and words (b*** s***)! ]...
netanayahu takes Flight
Back...
Confronts Anti-israel
Reality/Truth Movement in USA...
China Ratings
Agency Downgrades America... ] In city he
once lived in as a boy, Obama heralds nation's "spirit of tolerance"
that allows mosques, churches and temples to co-exist in a democracy.
Deaths of four Americans reflect increasing
violence of Somali piracy (Washington Post) [ Drudgereport: U.S. Warship Tracking Yacht
Hijacked by Somali Pirates... [ I realize there are ‘laws of the
sea’ / codified bodies of law within that broad yet very specific category
called ‘maritime law’, none of which I know nor care to know (I’ll content
myself to knowing and seeing to the enforcement of american law as pertains to
me; viz., RICO http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . I do know that these
somali pirates need killin’ and I further believe that open season on them
including using their boats in the water for target practice makes sense and
certainly is morally justified. I’m tired of hearing about those little weasels
… you know, ‘the skinnies’. ]
Progress in Afghan war called 'uneven'
( Washington Post ) [ Uneven? Riiiiight! The real question
consonant with reality: Is there EVEN progress at all … just a little bit … un
petit peux … teeny weeny, itsy bitsy, one iota of progress … A resounding NO! …
unless you’re counting the magnitude of america’s defacto bankruptcy,
anti-american sentiment, etc.. ]
Visiting U.S. senators praise Afghan
progress, say drawdown date is unrealistic (Washington Post) [ I’ll
tell you what’s unrealistic: having compromised senators ( ie., non-war-heroe
senile mccain, closet homosexual graham, incompetent zelig zionist lieberman, new
york sinkhole slug Kirsten Gillibrand chided As 'Schumer's (zionist)
Little Girl' ) stay the course with already failed pervasively corrupt,
defacto bankrupt american policy … 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)…’…Oh and they so can afford
it Deficit
panel proposes huge cuts (Washington Post) [ Cuts? I heard the corrupt, incompetent lawmakers were giving
themselves a raise. They actually deserve at least a 10% paycut and abolition
of those lifetime appointments / permanent corrupt bureaucracies. Nothing
succeeds like failure and crime in pervasively corrupt, defacto bankrupt
america! ] Lawmakers propose curbs on Social Security, cuts in spending and tax
hikes if long-term goals aren't met.
Families remember USS Cole 10 years later
(Washington Post) [ If only Americans remembered the uss
liberty, they’d understand the israeli albatross strangling and bleeding the
life out of america as they have since that
fateful day.] In
the Middle East, it's still 1947 (Washington
Post) [ Indeed it should be! Among the few
times the cia was correct, and they’ve been trying to put square pegs in round
holes ever since, to america’s substantial detriment. I wonder what what those
american sailors of the US Liberty killed by the israelis would say?
USS
Liberty Survivor Threatened by Unknown Israeli This is what happened to Phillip F. Tourney, decorated war hero
and survivor of Israel’s premeditated attack on the USS Liberty 43 years ago.
On the evening of Aug. 6, Tourney was verbally threatened by a foreign national
claiming to work for the government of israel. As for the purported disdain
shown for war mongerer netanayahu, if only wobama’s actions matched his words,
the same would represent a major plus for him and the nation of america, so
sorely in need of pluses whether the same be budgetary or economic or
geopolitical. In fact, for America to abrogate 1948 would guarantee America’s
survival, prosperity, and global hegemony in the most positive sense. ]
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#
Ethics
code urged for Supreme Court
(Washington
Post) [ Sounds like a plan! Come on!
Wake up! After all, what can you expect from two guidos from ‘jersey (alito and
scalia, colloquial – note that I have refrained from using what some might consider
disparaging terms as w*p*, gui***s, or da***s … and let me state for the record
that I truly loved and respected my grandmother who was 100% Italian/Bari,Italy
and as well my grandfather/Lake Como,northern Italy with greek ancestral roots
and thereby claim standing/right to posit the criticism in light of my direct
experience. ). How ‘bout starting with enforcing laws as to judges, liars,
etc., within the very corrupted american illegal system; and, particularly
bribes which in one form or another are rampant . I don’t know about Thomas,
but I do know about alito and ‘jersey … :
October
15, 2010 (*see infra)
Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the
Qui Tam provisions of the Federal
False Claims Act probably would apply and I would absent resolution seek to
refer the within to a firm with expertise in that area of the law with which I
am not familiar).
The document in 5 pages under penalty of
perjury I was asked to forward to the FBI office in New Haven is probably the
best and most concise summary of the case
RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but typical
problem with my mail) along with my response thereto is included on the 3 disks
as fbicorrespondencereyes.htm . With regard to the
calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA
office and I was referred to the Long Beach, CA office where I personally met
with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the
money laundering which he confirmed as indicative of same (he was transferred
from said office within approximately a month of said meeting and his location
was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron
Barndollar and we remained in touch for in excess of a decade until he abruptly
retired (our last conversation prior to his retirement related to the case and
parenthetically, Rudy Giuliani whose father I stated had been an enforcer for
the mob to which he registered disbelief and requested I prove it, which I did
– he served 12 years in prison, aggravated assault/manslaughter? – and no,
there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In contradistinction
to the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
- A judgment had been entered in my
favor in the case, United States District Court Case
#3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess
of $300,000 remains unaccounted for and which could be used for payment to
creditors, Los Angeles, etc..
- Counsel Robert Sullivan on my behalf
documented by way of certification upon investigation that Alan Shiff,
USBCJ, had falsely stated a dismissal upon which false statement he
predicated a retaliatory and spurious contempt proceeding against me
causing substantial damage, and for which he sought Judicial Notice of
those and related proceedings as did I in some of my filings.
- The Order of Dismissal With Prejudice
by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice
on Coan’s Failure to File Page 1 Page 2 ]
- Defendant Coan had filed an action
against me to prevent me from suing him which necessitated me to fly to
Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief
Judge, USDC, District of Connecticut, who denied Coan’s requested relief
as to Coan but precluded my action against Shiff (although there is no
immunity, judicial or otherwise, for criminal acts, ie., fraud connected
with a case under Title 11, USC, etc.) . [ transcript in pertinent part
-
crossexamofcoanbypeia.pdf ]
- Newly appointed judge, Maryanne Trump
Barry, Donald Trump’s sister, was assigned the RICO case despite the
conflict of interest in light of hundreds of thousands of dollars of
illegal (drug) money being laundered through the Trump casinos by the RICO
defendants, and despite my motion to recuse her which motion she heard
herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally
refused to join or file a separate motion to recuse and not long
thereafter left said office for private practice at Cole, Shotz, et als on
retainer with the RICO defendants as his primary client.
- Probative and evidentiary documents,
affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes
in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan
Lacey with whom I met personally at the U.S. Attorney’s Office in Newark,
N.J., at which time Samuel Alito was U.S. Attorney, and went over said
documents and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In addition to being
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. As much as I hate the mob, it truly was funny, if
not so tragic.], Alito is
also corrupt (and maybe corrupt because he is inept). After a reasonable
(but still rather short) time I called to determine the status and was
told that Alito was no longer with the Office of the U.S. Attorney, that
he was (appointed) a federal judge, and that neither the documents nor any
file or record of same could be located. Alito did parley the same /
cover-up into quid pro quo direct lifetime appointment to the Court of
Appeals, 3rd circuit, despite the absence of judicial
experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as
well). This is the same Sam Alito that now sits on the purported highest
court in the land. The real application of the illegal rule ‘don’t ask,
don’t tell’.
There is applicable insurance / surety coverage and neither LA, nor
creditors, nor I should continue to have been damaged by this brazened corrupt
and illegal scenario, which should be resolved in accordance with the meaningful
rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with
the line, computer connection may be the reason but I hesitate to chance
greater non-performance / worsening by their ‘fix’ so cell phone best for
contact).
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. ]
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated.
-----
Label/Receipt Number:
0310 1230 0000 0862 8183
Expected Delivery
Date: September 15, 2010
Class: Priority Mail®
Service(s): Delivery
Confirmation™
Status: Delivered
Your item was
delivered at 10:14 am on September 15, 2010 in LOS ANGELES, CA 90024.
Track and
Confirm
Enter Label/Receipt Number.
Enter Label / Receipt
Number.
Detailed
Results:
Bullet Delivered, September 15, 2010, 10:14 am, LOS
ANGELES, CA 90024
Bullet Arrival at Post Office, September 15, 2010,
4:12 am, LOS ANGELES, CA 90024
Bullet Processed through Sort Facility, September 14,
2010, 8:29 pm, LOS ANGELES, CA 90052
Bullet Acceptance, September 14, 2010, 4:04 pm, LOS
ANGELES, CA 90017
----
Sent Postage Prepaid: United States Mail - VIA Priority
Mail, Delivery Confirmation and VIA Certified Mail this 5th day of October,
2010.
Signed:
___________________________________
Albert L. Peia
Judges
rule without title, lenders can't foreclose (Washington Post) [ Rules of law? I didn’t think
they cared. That’s certainly the direct experience I’ve had with the
pervasively corrupt american legal / judicial system (along with the other two
branches of the u.s. government and defact bankrupt america generally). Court
decisions could call into doubt the ownership of mortgages, raising urgent
challenges for both the real estate market, wider financial system. Connecticut,
California join probe of Ally (Washington Post) [I’d be much more impressed if they initiated a probe of more
readily discernible criminal offenses in violation of the RICO Act http://albertpeia.com Frauds/Liars
(sic-lawyers)Covering Up for Other Frauds/Liars (sic-lawyers). In Productive
Societies as China, Japan, etc., Fraudulent Liars (sic-lawyers) and the
Fraudulent u.s. System They're a Part of Are Unheard Of/Non-existent. List of
Files Regarding Filed Attorney Grievance Against Fraud coan et als Or Here For A Clearer View Of
Filed
Grievance Complaint, Response, Exhibits, and Related RICO Filings Note the Committee of
Frauds/Liars (sic-lawyers). Included are DOJ Rep., State Court Rep., State
Atty. General Office Rep., and even a Vegetable Garden yale law prof who
probably never practiced law in his life. How Pathetic! http://albertpeia.com/fbiofficela91310
] Justice:
FBI improperly opened probes
(Washington Post) [ I just hope
they’re as zealous (in probing readily discernible crime) with regard to my
RICO matters and the corruption in the (judicial / legal) process since, in the
final analysis, it will have been the corruption within that will have brought
the nation down irrevocably and totally.
Part
2: Woodward's 'Obama's Wars' Don't
get 'locked into Vietnam,' Biden warns (Washington Post) [ Yeah,
when you have a lobotomized VP you tend not to trust their opinion; but, I
think they just cover their bases … you know, that Kerryish both sides of all
issues thing. In any event, wobama bought this continued debacle and bears
fault with the other zionist war mongers. Previously (on Iraq and Afghanistan,
infra): Obama:
'It is time to turn the page' on Iraq war (Washington Post) [ Oh come on! How patronizing
to have wobama spew his b*** s*** which b.s. has become synonomous with wobama;
‘to give Iraqis the chance to shape their future’… Iraq’s been destroyed,
covered in cancer-causing depleted uranium, america’s defacto bankrupt, etc. If
only teleprompters had a brain of their own. ] He says the U.S. "has paid a
huge price" to give Iraqis the chance to shape their future -- a price
that now includes more than 4,400 U.S. dead.
) On Thanksgiving weekend in 2009, Vice President Biden counsels
President Obama about sending more troops to Afghanistan.
• Full
coverage: 'Obama's Wars'
• Audio:
Obama on length of the war
• Audio:
Obama on attack possibility
• Audio: Obama on terrorism tactics
A subtler tack to fight Afghan corruption?
(Washington
Post) [ How about a not so subtler tack
to fight corruption starting right here in the u.s. of a. where corruption and
crime are pervasive and in fact, at the root of the Afghanistan problems, from
american reinvigorated heroin trade to bribery attendant thereto to killing civilians,
etc.. Defacto Bankrupt, Meaningfully Lawless,
War Criminal Nation america, the leader of nations … in crime:
Though having but 5% of the world’s population, america can
boast 76% of the world’s serial killers, followed by Europe with England/UK then
Germany leading the way for the eu [excerpt, 6 minute video, Serial
Killers: Real Life Hannibal Lechters http://www.albertpeia.com/realifeamericaserialkillers.mpg (as is consistent with crime generally,
see infra)]. Defacto bankrupt, fraudulent america also spends more on offensive
(defensive a misnomer / propaganda) military spending than all the nations of
the world combined, and by a large margin at that. Do you see a pattern
emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) ]:
CRIME STATISTICS >
TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST AVAILABLE DATA (america’s No. 1).
|
Rank |
|||
|
# 1
|
11,877,218 |
|
|
|
# 2
|
6,523,706 |
|
|
|
# 3
|
6,507,394 |
|
… ]
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
Stepped-up
efforts fail to stem drug money (Washington Post) [ Come on! Wake up! That’s american, yes american big business.
The stuff that the war in Afghanistan is made of; viz., ie., heroin, etc..
]Stashing cash in spare tires, engine transmissions and truckloads of baby
diapers, couriers for Mexican drug cartels are moving tens of billions of
dollars in profits south across the border each year, a river of dirty money
that has overwhelmed U.S. and Mexican customs agents.
Carlyle-owned
toy supplier files for bankruptcy (Washington Post) [ What is a
bush-involved company of paper (leveraged instruments, etc.) pushers doing with
any company doing business in the u.s. or elsewhere for that matter. The bushes
are vegetables who really can’t do anything well, except maybe, war, war
crimes, fraud, illegal drug deals (Iran contra, etc., http://albertpeia.com/CIAAgentAffidavit1.jpg
) ]
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.]
Judge: 'Don't ask, don't tell' is
unconstitutional (Washington Post) [ Well, we
all know that judge walker is alledgedly a homo, so the question here is
whether judge phillips is a lesbian… just kidding! Not to slight homosexuals
but to emphasize judicial bias / corruption which is pervasive in america and
I’ve observed, experienced, and have been substantially damaged by pervasive
and systemic corruption in the american judicial process which has become more
blatant and which justifies the abolition of these costly, corrupt lifetime
appointment / bureaucracies. The fact is that ‘don’t ask, don’t tell’ is the
policy throughout the pervasively corrupt federal system which is indeed as
illegal as it is unconstitutional!
( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
). ]
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 ].
Anthropologists adopt a more favorable view
of Neanderthals (Washington Post) [ Well, I’m a bit
surprised and somewhat disappointed that with a little more effort, rather than
rely upon inference, they could have taken a trip to the new york / new jersey
/ connecticut metropolitan area (etc.) and observed directly these lower
italian modern-day archaic humans! Then there are the other modern day archaics
/ ape-like creatures that warrant greater scrutiny. ]
"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 [ I’m adding
this here, having seen while flipping channels an anthropologist talking up
somewhat speciously the brain size of Neanderthals. The important but missed
point here was potential ‘brain-power’ unrealized. Think of it this way: In the
life-threateningly cold climes they inhabited, pre-occupation with warmth,
fire, wood for fire, food, mere survival usurped all their waking moments. Have
you ever tried to study, learn, think clearly (and new thoughts / neurogenesis
thereby) under such harsh and perilous conditions; successfully? Neither could
they. ]
![[chart]](http://static.seekingalpha.com/uploads/2011/1/6/saupload_iamge465.png){kind=link}
![[chart]](http://static.seekingalpha.com/uploads/2011/1/6/saupload_iamge466.png){kind=link}
![[chart]](http://static.seekingalpha.com/uploads/2011/1/6/saupload_iamge467.png){kind=link}
![[chart]](http://static.seekingalpha.com/uploads/2011/1/6/saupload_iamge468.png){kind=link}
![[chart]](http://static.seekingalpha.com/uploads/2011/1/6/992-129431778077757-Richard-Suttmeier_origin.jpg){kind=link}
![[chart]](http://static.seekingalpha.com/uploads/2010/12/24/369683-129323449648101-Kimball-Corson_origin.png){kind=link}
![[chart]](http://static.seekingalpha.com/uploads/2010/12/24/369683-129323460147308-Kimball-Corson_origin.png){kind=link}
![[chart]](http://static.seekingalpha.com/uploads/2010/12/24/369683-129323487978068-Kimball-Corson_origin.png){kind=link}
![[chart]](http://static.seekingalpha.com/uploads/2010/12/24/369683-129323512068093-Kimball-Corson_origin.png){kind=link}
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
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.
/ Though Assange’s arrest was
on far more tenuous grounds owing to a CIA-linked girl, Roman Polanski was
similarly targeted:BBC
News - Roman Polanski triumphs at European Film Awards Dec 5, 2010
... Roman Polanski's thriller The Ghost
Writer wins six prizes at the European ... Polanski
was working on the film at the time of his arrest in ... www.bbc.co.uk/news/entertainment-arts-11921048 {I strongly recommend this, of course,
masterfully done film which deals with exactly that topic and the sordid,
unscrupulous machinations of the cia / u.s. (no wonder the u.s. opted out of
coverage by world treaty / The Hague thereby) to avoid detection of, and to
further such activities as the war crimes referenced.}
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
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.