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   .  Inasmuch as this website is not given to mere speculations, however reasonable the suspicions may be, my recent computer ‘difficulties’ [american technology’s horrendous which is a testament to the pathetic state of this world!] have been solved and along with the daily posts, all shall proceed full throttle on 10-20-11.  }  You May Also View Today’s News / Topics Page by Day Here   http://albertpeia.com/todayspage.htm ]

Most E.U. nations agree to new fiscal treaty But Britain and Hungary do not back deal, effectively blocking initial bid by Germany and France to rewrite full E.U. treaties to penalize big spenders. The 23 nations in agreement will proceed to flesh out their own pact. (Washington Post) [ Almost, but alas, no cigar. And, as with that old adage as applicable here,’ almost doesn’t count in anything but horseshoes’. Indeed, the agreement to ultimately agree among the ‘23’ leaves the devil in the details and appears to be a now familiar attempt by what can only be described as no more than satisficers hoping to ‘live another day’ while providing a nebulous backdrop upon which the typical market spins/yarns can be spun, appeasing for the nonce, markets that full well know this crisis is insoluble absent far more significant (and painful-including to the frauds on wall street) steps. ‘Flesh out their own pact’? And what, pray tell, may that be? The proverbial ‘pound of flesh’, parochially applied?   Wall Street's Response: The Summit Is A Failure Tyler Durden 12/09/11‘The overnight agreement by 17 European countries to tighten euro-area budget controls and expand bailout funds fails to address key aspects of the crisis and may fall at the first hurdle, analysts and investors say. The summary of various Wall Street expert opinions is compiled and presented below from Bloomberg. It is not pretty.

But the robots don't care: we are back to blind buying on headlines, until the required 2-3 hours passes for even the 19 year old vacuum tube programmers to grasp that the situation is now the worst it has ever been.’

 

 

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Corzine testifies on fall of MF Global Former CEO Jon Corzine says he could have been misunderstood on transfer of MF Global accounts.  (Washington Post) [ When it comes to the frauds on wall street as with lawyers, the answer to the question ‘how do you know they’re lying?’ is the same; viz., ‘their lips are moving’. Then there’s the following which has to be considered incredulous by almost any standard: Corzine: It Was Those Darned Robots The Wall Street Journal [ Singing ‘the body electric’! Riiiiight! The robots did it! Those churn-and-earn greedy robots! Damnable robots! They’re the ones! Damn robots! Wow! Talk about criminally insane! ] … Wow! Just when you thought you heard it all. This truly ranks with ‘my dog ate my homework’ and is surely destined to become a classic. MF Global CEO Jon Corzine: ‘I simply do not know where the money is’ Former U.S. senator, N.J. governor to testify before House panel today on collapse of brokerage firm. (Washington Post) [ Oh riiiiight! Former goldman sachser, fraudulent wall street man corzine takes 5th amendment while disingenuously singing those fraudster violin songs including their modern day tribute to ‘Peter, Paul, and Mary’; viz., ‘Where has all the money gone, short time passing … where has all the money gone, just a short time ago … where has all the money gone, to the pockets of the frauds on wall street … oh when will we ever learn, oh when will we ever learn … to throw them in jail and impose disgorgement so their continuing frauds/crimes don’t continue to pay as well as they do. Come on! Where are the past and present prosecutions! No excuses! MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded  [This brief video explains causal links (some even adding that they’re all jewish)  between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global. [ It’s time for all people to know and understand how they, america and the rest of the world, have been done-in by fraudulent wall street greed / crime, u.s. government corruption, and media/u.s.government complicity by silence, coverup, and overt criminal acts to protect the perpetrators (the following 10 minute video is purposely simplistic enough for even the previously most gullible dupes to understand, including the insurmountable magnitude of the problem/fraud/crime requiring action and prosecutions. Yes, it is true ‘what a tangled web they’ve weaved, when in greed they’ve deceived, and fraudulently keep the money they’ve received, as all the respective nations of the world continue to bleed’!) ]here’s: ‘Quantitative Easing Explained’  http://www.youtube.com/watch?v=PTUY16CkS-k 

 

Dave’s Daily http://www.etfdigest.com  ‘…HFT issues are thoroughly covered with HFT Alert founder Steve Hammer and myself in the video interview below. The presentation contains two parts: the first outlines HFT basics—how they work and their controversial impact on financial markets. The second part we discuss how traders can benefit or make money by using HFT Alert’s unique trading services. http://www.youtube.com/watch?feature=player_embedded&v=NzfmT4vGXZY [ ‘Off to the golf course’, indeed. Those are Mr. Hammer’s concluding remarks. Not because he’s a trader, but because he’s selling this ‘very functional in terms of what’s going on’ package. The truth is that even today, at lightning speeds, there are very few successful traders (as distinguished from investors, and there is a huge distinction, though much less so today)(over the longer term and is akin to the apposite old adage, ‘you can win a race but you can’t win at the races’). Indeed, some companies / brokerages employ them just for the volume / commissions they produce. Most telling, in this video, is the beginning wherein it’s explained that in literally a second(s), mere quotes can give rise to revenue (as with commissions, pieces of the action) which has to come from someplace. The problem is that ultimately, this ‘churn-and-action’ computer programmed action at ‘lightning speed’ is parasitic inasmuch as it is without any economic utility whatsoever in real economic terms as are commissions in ‘after-market stock trading’ (as distinguished from initial ipo’s) that are tantamount to a tax on the real economy; hence, the benefit to the frauds on wall street at the expense of and to the detriment of main street, taxpayers, and the populace in general, as we’ve seen and continue to see.

 

 

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Moody’s downgrades three leading French banks (Washington Post) [ One thing that’s for sure, that you can count on is that there’s more (downgrades) to come, and not just in france, and not just banks. Hopium High As Consumer Sentiment Follows September 2008 Path   Euro zone has an immediate crisis to fight  (Washington Post) [ What’s truly amazing is that america, while employing every misguided economic/financial artifice known to mankind with disastrous consequences therefrom currently and just around the corner, is not being lumped in with the europeans whose real crisis is no greater than that of insurmountably defacto bankrupt america (America’s debt woe is worse than Greece’s(CNN)‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ )  . Fiat currencies, diversions, other obfuscation do not change the reality of america’s debacle which is fraught with fraud and crimes, domestically and internationally. Why The UK Trail Of The MF Global Collapse May Have "Apocalyptic" Consequences For The Eurozone, Canadian Banks, Jefferies And Everyone Else In an oddly prescient turn of events, yesterday we penned a post titled "Has The Imploding European Shadow Banking System Forced The Bundesbank To Prepare For Plan B?" in which we explained how it was not only the repo market, but the far broader and massively unregulated shadow banking system in Europe that was becoming thoroughly unhinged, and was manifesting itself in a complete "lock up in interbank liquidity" and which, we speculated, is pressuring the Bundesbank, which is well aware of what is going on behind the scenes, to slowly back away from what will soon be an "apocalyptic" event  ,   Read This and Tell Me Germany Wants a Monetary Union 12-7-11 http://gainspainscapital.com  ‘I’ve stated before that I fully believe Germany will be leaving the Euro. , "This Time Will Not Be Different": Interactive Chart Of Market Reactions To All Prior 2011 Eurozone Summits And Meetings Pivot Capital On China's Investment Boom (And Pending Bust)  What’s wrong with this picture: Wall St rises on EU summit hopes     Asia climbs ahead of European meetings [Riiiiight! Addicted to hopium? Déjà vu all over again? This is beginning to be beyond ridiculous. There is no viable solution beyond their disingenuously, meretriciously saying so amidst the typical spin and b***s*** to froth the markets! ] , RALLY FIZZLES OUT AFTER HOT RUMOR FROM EUROPE: Here's What You Need To Know Business Insider ‘ The second day of Europe's hell week was relatively quiet until another rumor sparked markets during late trading. , S&P Puts 15 Euro Nations on Downgrade Watch Wall St. Cheat Sheet ‘… The outlook change is “disastrous for Europe”…’ , Is the Fed Leaking Again?  http://gainspainscapital.com  , S&P says EFSF could be downgraded (Reuters) , Tremors from a euro collapse would be global, with U.S. recession likely (Washington Post) , Bloomberg Fires Back At Bernanke's Blustering Rebutall It appears 'It Is On' as Bloomberg offers its well-reasoned and eloquent response to Mr. Bernanke's 'egregious errors' note to Congress.’ , Guest Post: A Very Subtle Form Of TheftBernie Madoff .. ran one of the largest private-sector Ponzi schemes in history and always heeded the golden rule of financial scams: make sure your inflows are greater than your outflows. He was finally done in when redemptions exceeded new investments. He didn’t have enough cash to pay out investors, and he wasn’t able to scam more people into paying in to the scheme. As a result, Madoff finally had to admit that the whole thing was a total fraud. Governments around the world are in similar situations right now with their own public sector Ponzi schemes. Faced with failed auctions, declining demand, and rising yields, politicians are having to resort to desperate measures. Like any good scam artist, they’re appealing to the masses first; all over Europe, governments are sponsoring new marketing campaigns suggesting that it’s people’s patriotic duty to buy government debt. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed!  Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal  , Fraud, b***s***, desperation, this is still an especially great opportunity to sell / take profits because there’s much, much worse to come! Only a fool believes what they say! ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge | It appears that central bank intervention was not the only thing in full force today.) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ The USAGOLD/PG View is Correct. This is a great interview/video (10 minutes); watch it here: ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm  ,  David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending,  This is No Cyclical Recession… It is a Secular DE-pression MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded  [This brief (pithily succinct) video explains causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global. (10 minutes-well worth it) , ‘Quantitative Easing Explained’  http://www.youtube.com/watch?v=PTUY16CkS-k  (6 minutes-well worth it). ,   Famed economist predicts economic calamity in 2012. See the evidence.   http://w3.newsmax.com/a/aftershockb/video.cfm   50% unemployment & 90% Dow crash also predicted. Newsmax   http://w3.newsmax.com/a/aftershockb/video.cfm    ,  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). , Goldman Turns Bearish: Squid Releases Top Trades For 2012... And It's Not PrettyThe much anticipated Goldman Sachs list of "Top Trades Recommendations for 2012" is out... And the squid is bearish. Which is bad news , Market Rally Won't Last Long  Forbes  Halah Touryalai, Forbes Staff , The Worldwide Depression/Recession Of 2012  Econophile 12/08/11 Daily Capitalist , Are Dim Sum Bonds The Next Chinese Reverse Merger Fraud?While Draghi somewhat shut the door on the ECB being the lender of last resort today, there appears to be a sucker-of-last-resort where Dim Sum bonds (offshore/HK Yuan-denominated bonds) have seen issuance almost triple in the first 11 months of the year , Risk Assets Deteriorating Rapidly On Europe's SNAFU And Scene: Europe Agrees To Disagree, Next Summit Date Set For March 2012 As David Cameron Kills Compromise STOCKS GET SLAMMED AFTER BIG ECB DISAPPOINTMENT: Here's What You Need To Know Business Insider 12-08-11 ,Last Minute Summit Mutiny Threatens The Future Of The Euro; And Why A Wholesale S&P Downgrade Of Europe Will Be Devastating    A day when everything that could go wrong for the euro and eurozone has just gotten worse. , Europe Must Swallow ‘Bitter Pill’ Dec 8th, 2011 (CNBC) The Misery Continues: Complete November Hedge Fund Performance Fourth Time Is The Charm: Texas Instruments Slashes Outlook... Again , Snapshot Of Pure Market Lunacy , Guest Post: Another Reason for Stocks To Tank In 2012: JobsEuro Crisis Will Only Get Worse And Do Serious Damage To Investors  Forbes Martin , Hope You Enjoyed That Run of Happy Economic Surprises, Because It's Probably Over: Barclays The Wall Street Journal , This Week's EU and ECB Meetings Can't Fix Europe or US Stocks Minyanville  Jeffrey Miller Dec 08, 2011 , Corzine: It Was Those Darned Robots The Wall Street Journal [ Singing ‘the body electric’! Riiiiight! The robots did it! Those churn-and-earn greedy robots! Damnable robots! They’re the ones! Damn robots! Wow! Talk about criminally insane! ],  SPX Update: Market Still Looks To Be Forming a Top  Jason Haver Dec 06, 2011 ‘In conclusion: It remains a trader's market, as so far every break of important support or resistance has led nowhere. I continue to favor the bearish short-term resolution, as well as the bearish long- and medium-term views’ , 4 Reasons to be Bearish  thetechnicaltake 12/07/11 .. resistance.. recession..intermarket headwinds..’ S&P Warns It May Cut Most European Banks, European Union ItselfNot sure why the market is surprised by this, but it is. , Jump Risk Jumps After American Bankruptcy, Sends Junk Plunging As Major Debt Refi Cliff Approaches  , S&P At It Again, Warns EU, Large Eurozone Banks of Downgrades Dec 7th, 2011 (Barron’s) ,  In Past Week Americans Pull The Most Money From Stock Market Farce Since US Downgrade, Despite Market Surge Marc Faber: "I Have A Very Special Stock Tip For You. The Symbol Is G-O-L-D" …considering the ridiculousness of the market over the past two weeks when it has gone up on nothing but lies, Faber just may have a point. , ‘No Way’ Europe Will Hold Itself Together: CIO CNBC | “Europe is in a terminal phase of its life.” , Europe Is Setting Itself Up For A Decade-Long Recession Global Economic Intersection  , Why The UK Trail Of The MF Global Collapse May Have "Apocalyptic" Consequences For The Eurozone, Canadian Banks, Jefferies And Everyone Else In an oddly prescient turn of events, yesterday we penned a post titled "Has The Imploding European Shadow Banking System Forced The Bundesbank To Prepare For Plan B?" in which we explained how it was not only the repo market, but the far broader and massively unregulated shadow banking system in Europe that was becoming thoroughly unhinged, and was manifesting itself in a complete "lock up in interbank liquidity" and which, we speculated, is pressuring the Bundesbank, which is well aware of what is going on behind the scenes, to slowly back away from what will soon be an "apocalyptic" event  ,   Read This and Tell Me Germany Wants a Monetary Union 12-7-11 http://gainspainscapital.com  ‘I’ve stated before that I fully believe Germany will be leaving the Euro. , "This Time Will Not Be Different": Interactive Chart Of Market Reactions To All Prior 2011 Eurozone Summits And Meetings Pivot Capital On China's Investment Boom (And Pending Bust)  What’s wrong with this picture: Wall St rises on EU summit hopes     Asia climbs ahead of European meetings [Riiiiight! Addicted to hopium? Déjà vu all over again? This is beginning to be beyond ridiculous. There is no viable solution beyond their disingenuously, meretriciously saying so amidst the typical spin and b***s*** to froth the markets! ] , RALLY FIZZLES OUT AFTER HOT RUMOR FROM EUROPE: Here's What You Need To Know Business Insider ‘ The second day of Europe's hell week was relatively quiet until another rumor sparked markets during late trading. , S&P Puts 15 Euro Nations on Downgrade Watch Wall St. Cheat Sheet ‘… The outlook change is “disastrous for Europe”…’ , Is the Fed Leaking Again?  http://gainspainscapital.com  , S&P says EFSF could be downgraded (Reuters) , Tremors from a euro collapse would be global, with U.S. recession likely (Washington Post)

 

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Gerson: Newt is too impulsive for the White House   Romney supporters slam Gingrich’s leadership skills, vanity, reliability

Candidate’s first sharp attack on rival uses ex-House speaker’s old colleagues to paint him as erratic  290+ comments: ‘How is it Newt is even present?’   Gingrich’s book-selling efforts test campaign law  (Washington Post) [ Clearly, slimy newt is ‘too something’; that something being ‘very not good’. After all, seeking the endorsement of mobster, mental case trump really scrapes the bottom which says a lot about gingrich himself. Will: Stop the coronation Both Gingrich and Romney are too risky to anoint today. (Washington Post) [ Wise counsel! Truer than true, and needed to be said; and, now to be heeded. Mitt vs. Newt Two significantly flawed Republican front-runners (Washington Post) [ Mr. Krauthammer’s quite right! It truly is quite amazing! Who rationally coulda’ thunk it? And, of all times in this nation’s very brief (even in this world’s ‘scheme of things’, and certainly generally) history; viz., on the cusp of debacle where only the magnitude is in question. Obama, Romney and Gingrich have a lot in common — except on governing COLUMN | The two GOP front-runners want to be compared with Ronald Reagan. Actually, they have a lot more in common with the current president. (Washington Post) [ Yeah! I’d say it’s that ‘pathetic factor’; and, for america particularly. Indeed, that ‘been there, done that’, clear failure; so, let’s do it again, for familiarity / nostalgia’s sake. Yes, sounds like the non-plan plan. When in doubt, travel the failed road most traveled by, which of course, makes all the difference; viz., failure as previously rendered or the possibility of success along the Fosterian road less traveled by for an outcome other than failure. GOP candidates show differences on national security and terrorism Presidential hopefuls clash on withdrawing from Afghanistan, aid to Pakistan, Iran and balancing homeland protection with civil liberty preservation. (Washington Post) [ I’m still nonplused how the likes of gingrich, ‘slimy newt’, who near literally was ‘ridden out on a rail’ / driven from office for innumerable scandals, now proven misguided policies, errors in judgment, etc., is even considered viable when clearly new approaches are needed. His post office (no pun intended) ‘employment’ was parasitic by any standard and in no small measure, and involves the troubled, nation-draining Freddy’s/Fannie. Then there’s the surreal when discussions revolve around the destructive and self-destructive welfare programs for the military industrial complex so warned against by the great but underrated President General Eisenhower. Wake up! The nation’s broke! No other nations are spending more than a small fraction of what america’s spending on same. America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion   Drudgereport: THE (SLIMY) NEWT TO MEET THE (MOBSTER) DONALD...
(VO)
MITT COURTS (WAR CRIMINAL/INCOMPETENT) GEORGE H.W. BUSH...
Ron Paul Hits Gingrich for Hypocrisy…[Indeed! In fact, Ron Paul, if not the nominee should run as 3rd Party / Independent Presidential Candidate! It’s time for pervasively corrupt, defacto bankrupt america to get off the same well-worn path of ineluctable decline and failure! ]...   Iowa activists reevaluating Gingrich SUNDAY TAKE | They wrote off his candidacy earlier this year. Now he’s winning them over. Will it last?  (Washington Post) [ Reevaluating? Indeed! Indeed they must! Health firms paid Gingrich think tank millions A think tank founded by GOP candidate collected at least $37 million over the past eight years from health-care companies and offered them special access to the former House speaker. 2,200+ comments: What does this mean for Gingrich and his campaign?   Q&A, 11 a.m.: The Fix’s Chris Cilizza on Gingrich think tank, more   Fact Checker: Is Gingrich being misleading about Freddie Mac?  (Washington Post) [ This is quite incredible! That indeed gingrich is a proven failure driven from his scandal ridden office for a multitude of reasons is restating what we know. What we also know, like obama, beyond that they’re both failures in their respective offices, gingrich similarly is a total b***s*** artist.  Think tank … really! Come on! What he did (nothing of substance) for that money is part and parcel of the wrong direction at every turn, including the China policy that’s decimated america’s productive capacity. As bad as the ‘lobbying / think tank / consulting’ slushy funded misguided activities are in Washington, some may say ‘well, they all do it when they leave office’ (regrettably unfortunate for the nation). Yes, but they’re not running for president.  Moreover, those things he’s done have come back to haunt and hurt the nation; ie., carving out those exceptions for wall street vis-à-vis otherwise applicable RICO liability which is in large part why there’s literally no fear (of serious litigation / accountability / damages assessed against – that ‘kid-gloves’ approach to the frauds on wall street has continued) on wall street and as pointed out, infra, all the nefarious policies / practices that got us to this point of crisis have continued, including war mongering. Quite simply, he’s ‘bush light’ who, just like wobama, is an artful b***s*** artist and nothing more at all. Are americans so dumb, gutless, and downtrodden so as to assume the position of ‘been there, done that’, do it to us again? How totally pathetic! New direction required!  ‘Gingrich: How can he rehabilitate himself?By Jennifer Rubin (Washington Post) ‘Newt Gingrich is experiencing his first real scrutiny of the 2012 presidential primary. Jonathan Martin and John Harris observe, “Even allies say there is simply no way Gingrich can defend all the controversies of his past — there are simply too many of them. His task is to transcend them by seeking to set his past against a context of personal growth.” …’     The next financial crisis will be hellish, and it’s on its way  http://news.yahoo.com/next-financial-crisis-hellish-way-204303737.html   Addison Wiggin | Forbes 11-16-11  "There is definitely going to be another financial crisis around the corner," says hedge fund legend Mark Mobius, "because we haven't solved any of the things that caused the previous crisis." He’s part of the problem, not the solution! Why Gingrich won’t last The weakness that will keep him from being the anti-Romney. (Washington Post) [ I agree with Mr. Milbank’s premise, which is rare of itself; but alas, not for the reasons stated. It’s that ‘israeli amen corner’ on capital hill (as pointed out by the perspicacious Pat Buchanan), despite bringing america down thereby, being a presumed standard by which such candidates seem to be measuring themselves; yet falling among those ‘categories of things’ that truly haven’t worked for defacto bankrupt america. Memories should not be so short regarding gingrich’s failings which previously drove him from office, and things attributable to him that have not worked out for the nation at all; nor should gingrich’s unqualifiedness be construed as an endorsement of any other candidate. That wobama’s an indisputable failure, there’s no question; but why another proven failure as is gingrich. The ‘pro-war dogs’ with military industrial complex predispositions and fraudulent wall street sympathies are ‘dogs that just don’t hunt no more’; rather, they’re dinosaurs in a manner of speaking. The nation’s been there, and to its detriment, done that.  Second look at war savings and debt reductionThe congressional “supercommittee” is looking at counting discontinued war costs as budget savings, an accounting gimmick (Washington Post) [ Oh, riiiiight! Those war ‘savings’ that haven’t been saved yet … with wars still raging, certainly at least in Afghanistan (and consequences therefrom, ie., prospective medical costs, etc.) … and provocations (by the u.s./israel) everywhere … yes, savings like that ‘change we can believe in’. Not! Then look at the war mongers with exceptions battling for prominence with the ‘israeli amen corner’ on capital hill, etc.. Now, why are these not savings, like change, we can believe in? I think reality and history is our guide in that respect. Bachmann Campaign Accuses CBSNEWS of Bias... Ron Paul Gets 89 Seconds To Speak In CBS Debate  Watson | Leaked email to Bachmann campaign indicates decision to limit air time for certain candidates was deliberate CBS News policy. [ It’s really quite amazing that retreads, such as the already failed, scandal-ridden slimy newt gingrich (much of america’s current failure had it’s genesis in policies initiated / supported by gingrich; ie., protection from RICO liability for the frauds on wall street, etc.) based on his mere adherence to that which is required of the ‘israeli amen corner’ on capital hill (as pointed out by the perspicacious Pat Buchanan), despite bringing america down thereby, is the shibboleth by which all candidates are being measured. Quite amazingly self-defeating, destructive, and self-destructive for america particularly and the world generally. That’s why cbs is cbs (for cb***s***). Given america’s intractable decline, it’s really quite amazing. But, as we’ve seen, pervasively corrupt, defacto bankrupt america is now fatally beyond shame. Nothing succeeds quite like failure in america; where crime pays and pays well. Ron Paul Only Republican Candidate Not Calling for Iran Attack Kurt Nimmo | Said president must follow the Constitution and go to Congress before any action against Iran. [ Actually, the correct position is for all nations to require israel’s compliance with and adherence to all applicable laws and treaties, as well as u.n. resolutions concerning israel’s illegal nukes and war crimes as well as violations of the aforementioned before addressing the rationally defensive posture of Iran in light thereof. ]

 

America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA   ,  http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related  ,  http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related  ,  http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related  ,  http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related  ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html   ] to control the industry, and now openly protects and transports opium from Afghanistan  [  http://www.youtube.com/watch?v=ElEciFI0Pew  ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [  http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world  ]  ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm 

 

Parker: Gingrich’s tone-deaf remarks on the poor  (Washington Post) [..sharpton?.. http://albertpeia.com/tawana.htm - I wrote this angry having just been mugged by 4 blacks/2 hispanics here in LA, along with the anti-white predisposition of blacks..Yet, in sharpton’s and partner mason’s ‘legal’ (illegal) heyday, I actually represented a black man, a walk-in/recently out of the army, whose unfortunate accident with his (owned) truck left him in arrears/default on his mortgage, which suit came before the late Honorable (among the few in jersey) U.S.D.C. Judge Sarokin (Rubin ‘Hurricane’ Carter case) upon my motion for failing to meet the amount in controversy, $75,000 –strictly construed, plaintiff midlantic bancorporation’s counsel miscounted and was off by less than $300. [ Some lawyers can’t count or do anything right: This is from a reply to the Congresswoman Roybal-Allard’s query ‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan (missed a filing date) is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted on my website)…regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety .. [.. a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that had been entered in my favor in the case, USDC #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for ..; and then, of course as well, the substantial damages. ] ..should have been resolved in accordance with clear law long ago;  and, which would have been resolved if not for typical u.s. corruption in the process.. the government’s ability to resolve.. results do count! .. ] 

In state superior court, we opened, then on cross of their first ‘expert’ witness (regarding the amounts due), I moved to dismiss and strike the testimony for having failed and being unable to qualify said witness (owing to a very parochial and strict state rule of evidence in jersey – he had no other such witness for said purpose). The Honorable (among the few in jersey) Judge Weiss was inclined to rule accordingly, took us in chambers and strongly suggested opposing counsel call his client bank to sanction a favorable settlement to my client. The point is, I’m not a racist nor prejudiced.I am objective. I did ‘pay a big price’ for embarrassing the bank’s counsel;they made sure I knew it... so slimy is newt’s patronizing ‘showing up on Monday‘ remark that I’m constrained to ask, ‘is that what gingrich recently did for the $37 million from corporate “favor-seekers”?’. Or is it more likely he didn’t have to show up at all? The latter’s the reality.. the ‘mobster trump thing’ (corrupt sister maryanne trump barry, newly appointed,did corrupt a RICO action in which hundreds of thousands of illegal (drug) funds were being laundered through her brother’s casinos yet wouldn’t recuse herself despite my motion (http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf       http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm     ).

 

 

http://www.albertpeia.com/todayspage.htm  
http://albertpeia.com/fbimartinezcongallard.htm  

 

 

 

Obama running on empty The Great Uniter declares war on the unholy 1%. (Washington Post) [ True enough … having waited far too long to do so. Indeed, had he done as promised in his prior campaign (which he did not do, and to the nation’s great detriment in not so doing), there would have been no such thing as that ‘1%’. In fact, laws, fairness, and common sense would have eliminated even the need for such distinctions if applied to the nation’s now substantially worsened predicament and prospects. Yet, better said than not said as compared to his republican counterparts. But, for ‘wobama the b for b***s***’, words are particularly cheap and all but meaningless, a fact lost on no one. Moreover, Ron Paul seems the only candidate at this juncture, if consistent, to embrace approaches to governing that militate against even the need for such a distinction; facts, reality, and real solutions being the operative criteria. Make no mistake, there’s no excuse for anything less than the 100% to understand the magnitude of the nation-debilitating frauds in the trillions with subsequent bailouts for and to the benefit of that ‘1%’, to the substantial detriment of the nation and that ‘99%’. That’s reality … no excuses! And, it continues! As with any other crimes, certainly those of far less magnitude and negative consequence, the perpetrators included within that ‘1%’ must indeed pay!  What would euro collapse do to our economy? (WP) [ Despite the mainstream, election-year talking points and obfuscating over-printing of Weimar dollars among other fiat currencies, the unstoppable reality is that, fake data/reports and spin aside, the u.s. economy is and has been collapsing despite and quite separate from and apart from the displacement accorded the eurozone debacle. These are irrevocable structural problems that hearken back to the last (continuing) crisis which were never confronted, acknowledged, were covered up and problems never rectified (ie., perma wars, huge securities frauds in the trillions still extant / now marked to anything as per congressional FASB rule change, and unprosecuted, etc.). 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  

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/obamadeceptionhighqualityversion.flv  
 

 

http://www.albertpeia.com/todayspage.htm  
http://albertpeia.com/fbimartinezcongallard.htm  

 

 

 

 

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed!  Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal  , Fraud, b***s***, desperation, this is still an especially great opportunity to sell / take profits because there’s much, much worse to come! Only a fool believes what they say! ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge | It appears that central bank intervention was not the only thing in full force today.) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ The USAGOLD/PG View is Correct. This is a great interview/video (10 minutes); watch it here: ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm  ,  David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending,  This is No Cyclical Recession… It is a Secular DE-pression MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded  [This brief (pithily succinct) video explains causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global. (10 minutes-well worth it) , ‘Quantitative Easing Explained’  http://www.youtube.com/watch?v=PTUY16CkS-k  (6 minutes-well worth it). ,   Famed economist predicts economic calamity in 2012. See the evidence.   http://w3.newsmax.com/a/aftershockb/video.cfm   50% unemployment & 90% Dow crash also predicted. Newsmax   http://w3.newsmax.com/a/aftershockb/video.cfm    ,  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). , Goldman Turns Bearish: Squid Releases Top Trades For 2012... And It's Not PrettyThe much anticipated Goldman Sachs list of "Top Trades Recommendations for 2012" is out... And the squid is bearish. Which is bad news , Market Rally Won't Last Long  Forbes  Halah Touryalai, Forbes Staff , The Worldwide Depression/Recession Of 2012  Econophile 12/08/11 Daily Capitalist , Are Dim Sum Bonds The Next Chinese Reverse Merger Fraud?While Draghi somewhat shut the door on the ECB being the lender of last resort today, there appears to be a sucker-of-last-resort where Dim Sum bonds (offshore/HK Yuan-denominated bonds) have seen issuance almost triple in the first 11 months of the year , Risk Assets Deteriorating Rapidly On Europe's SNAFU And Scene: Europe Agrees To Disagree, Next Summit Date Set For March 2012 As David Cameron Kills Compromise STOCKS GET SLAMMED AFTER BIG ECB DISAPPOINTMENT: Here's What You Need To Know Business Insider 12-08-11 ,Last Minute Summit Mutiny Threatens The Future Of The Euro; And Why A Wholesale S&P Downgrade Of Europe Will Be Devastating    A day when everything that could go wrong for the euro and eurozone has just gotten worse. , Europe Must Swallow ‘Bitter Pill’ Dec 8th, 2011 (CNBC) The Misery Continues: Complete November Hedge Fund Performance Fourth Time Is The Charm: Texas Instruments Slashes Outlook... Again , Snapshot Of Pure Market Lunacy , Guest Post: Another Reason for Stocks To Tank In 2012: JobsEuro Crisis Will Only Get Worse And Do Serious Damage To Investors  Forbes Martin , Hope You Enjoyed That Run of Happy Economic Surprises, Because It's Probably Over: Barclays The Wall Street Journal , This Week's EU and ECB Meetings Can't Fix Europe or US Stocks Minyanville  Jeffrey Miller Dec 08, 2011 , Corzine: It Was Those Darned Robots The Wall Street Journal [ Singing ‘the body electric’! Riiiiight! The robots did it! Those churn-and-earn greedy robots! Damnable robots! They’re the ones! Damn robots! Wow! Talk about criminally insane! ],  SPX Update: Market Still Looks To Be Forming a Top  Jason Haver Dec 06, 2011 ‘In conclusion: It remains a trader's market, as so far every break of important support or resistance has led nowhere. I continue to favor the bearish short-term resolution, as well as the bearish long- and medium-term views’ , 4 Reasons to be Bearish  thetechnicaltake 12/07/11 .. resistance.. recession..intermarket headwinds..’ S&P Warns It May Cut Most European Banks, European Union ItselfNot sure why the market is surprised by this, but it is. , Jump Risk Jumps After American Bankruptcy, Sends Junk Plunging As Major Debt Refi Cliff Approaches  , S&P At It Again, Warns EU, Large Eurozone Banks of Downgrades Dec 7th, 2011 (Barron’s) ,  In Past Week Americans Pull The Most Money From Stock Market Farce Since US Downgrade, Despite Market Surge Marc Faber: "I Have A Very Special Stock Tip For You. The Symbol Is G-O-L-D" …considering the ridiculousness of the market over the past two weeks when it has gone up on nothing but lies, Faber just may have a point. , ‘No Way’ Europe Will Hold Itself Together: CIO CNBC | “Europe is in a terminal phase of its life.” , Europe Is Setting Itself Up For A Decade-Long Recession Global Economic Intersection  , Why The UK Trail Of The MF Global Collapse May Have "Apocalyptic" Consequences For The Eurozone, Canadian Banks, Jefferies And Everyone Else In an oddly prescient turn of events, yesterday we penned a post titled "Has The Imploding European Shadow Banking System Forced The Bundesbank To Prepare For Plan B?" in which we explained how it was not only the repo market, but the far broader and massively unregulated shadow banking system in Europe that was becoming thoroughly unhinged, and was manifesting itself in a complete "lock up in interbank liquidity" and which, we speculated, is pressuring the Bundesbank, which is well aware of what is going on behind the scenes, to slowly back away from what will soon be an "apocalyptic" event  ,   Read This and Tell Me Germany Wants a Monetary Union 12-7-11 http://gainspainscapital.com  ‘I’ve stated before that I fully believe Germany will be leaving the Euro. , "This Time Will Not Be Different": Interactive Chart Of Market Reactions To All Prior 2011 Eurozone Summits And Meetings Pivot Capital On China's Investment Boom (And Pending Bust)  What’s wrong with this picture: Wall St rises on EU summit hopes     Asia climbs ahead of European meetings [Riiiiight! Addicted to hopium? Déjà vu all over again? This is beginning to be beyond ridiculous. There is no viable solution beyond their disingenuously, meretriciously saying so amidst the typical spin and b***s*** to froth the markets! ] , RALLY FIZZLES OUT AFTER HOT RUMOR FROM EUROPE: Here's What You Need To Know Business Insider ‘ The second day of Europe's hell week was relatively quiet until another rumor sparked markets during late trading. , S&P Puts 15 Euro Nations on Downgrade Watch Wall St. Cheat Sheet ‘… The outlook change is “disastrous for Europe”…’ , Is the Fed Leaking Again?  http://gainspainscapital.com  , S&P says EFSF could be downgraded (Reuters) , Tremors from a euro collapse would be global, with U.S. recession likely (Washington Post) , Bloomberg Fires Back At Bernanke's Blustering Rebutall It appears 'It Is On' as Bloomberg offers its well-reasoned and eloquent response to Mr. Bernanke's 'egregious errors' note to Congress.’ , Guest Post: A Very Subtle Form Of TheftBernie Madoff .. ran one of the largest private-sector Ponzi schemes in history and always heeded the golden rule of financial scams: make sure your inflows are greater than your outflows. He was finally done in when redemptions exceeded new investments. He didn’t have enough cash to pay out investors, and he wasn’t able to scam more people into paying in to the scheme. As a result, Madoff finally had to admit that the whole thing was a total fraud. Governments around the world are in similar situations right now with their own public sector Ponzi schemes. Faced with failed auctions, declining demand, and rising yields, politicians are having to resort to desperate measures. Like any good scam artist, they’re appealing to the masses first; all over Europe, governments are sponsoring new marketing campaigns suggesting that it’s people’s patriotic duty to buy government debt. , Has The Imploding European Shadow Banking System Forced The Bundesbank To Prepare For Plan B? While much has been said about the vagaries in the European repo market elsewhere, the truth is that the intraday variations of assorted daily metrics thereof indicate three simple things: a scarcity of quality assets that can be pledged at various monetary institutions in exchange for cash or synthetic cash equivalents, a resulting lock up in interbank liquidity, and above all, a gradual freeze of the shadow banking system..we may be experiencing the attempt by the last safe European central bank - Buba - to disintermediate itself from the slow motion trainwreck that is the European shadow banking (first) and then traditional banking collapse (second and last). Because as Lehman showed, it took the lock up of money markets - that stalwart of shadow liabilities - to push the system over the edge, and require a multi-trillion bailout from the true lender of last resort. The same thing is happening now in Europe..’ , Layoffs Watch ’11: Citi , Social Security 2011 – Another Bad Year Krasting ,   HUGE RALLY CUT IN HALF AFTER EUROZONE RATINGS BOMBSHELL: Here's What You Need To Know Business Insider Sam Ro’ Europe's hell week begins with new EU treaty proposals and reports of an S&P ratings action bombshell…U.S. economic data was largely overlooked during this morning's rally.  The ISM services number unexpectedly fell to 52.0, missing the expectation of an increase to 53.9.  This also compares to last month's number of 52.9.  October factory orders fell 0.4%, which was slightly worse than the 0.3% decline expected.  September factory orders were revised sharply lower…’ ,  Confirmed: Not Just AAA Nations, but *All 17* Euro Nations to Be Put on Notice for Downgrade The Wall Street Journal , Standard & Poor’s Puts Ratings On Eurozone Sovereigns On CreditWatch With Negative Implications Dec 5th, 2011 (Standard & Poor’s) , Graham Summers’  Weekly Market Forecast (Fade the Fed? Edition) December 5th, 2011  ‘Equities got giddy last week when the world’s central banks, lead by the US Federal Reserve, lowered the global cost of borrowing Dollars. Regardless of the market’s reaction, the whole thing smells of desperation and quite frankly, everyone should be questioning the Fed’s move…The IMF, Bank of England, and others have warned of a systemic collapse… do you think they’re doing this for fun?Many investors will have their portfolios wiped out in the coming carnage. It could be next week, or it could take place next year… but we ARE heading into a Crisis that will be worse than 2008…’ , Gallup Finds Recent Job Boost Due To "Temp And Part-Time" Hiring; Underemployment Greater Than Prior Year  While the BLS unemployment number, fudged strategically to lower the denominator, or the total labor force, may have come well better than expected (as somehow miraculously ever more people find the shadow economy a more hospitable place where to make their money and drop off the BLS roll forever) we once again go to that trusty fallback, the monthly Gallup poll of underemployment. What we find here is rather different from what the BLS, and the administration would like us to believe, namely that "underemployment, a measure that combines the percentage of workers who are unemployed with the percentage working part time but wanting full-time work, is 18.1% in November, as measured by Gallup without seasonal adjustment. That is up from 17.8% a month ago and 17.2% a year ago." Said simply, "many employers appear to have chosen to hire part-time rather than full-time employees for this holiday season." , Solyndra Schadenfreude As Goldman Sachs Played Key RoleWhile we are not completely shy of saying we-told-you-so, in the case of the players in Solyndra's fantastic rise and fall, we are more than happy to. Back in September we highlighted Goldman Sachs' key role in the financing rounds of the now bankrupt solar company and this evening MarketWatch (and DowJones VentureWire) delves deeper and highlights how the squid has largely stayed out of the headlines (what's the opposite of lime-light?) in this case despite its seemingly critical assistance and support from inception to pre-destruction. Goldman's involvement in Solyndra, and its lofty valuation projections, lent credibility to the company and helped rouse investor interest and it was this private interest that was cited by DoE officials as a considerable factor in its loan guarantee program. As we said before, anywhere you look, Goldman has been there and left its mark...’ , The Black Friday Shopping Hangover Is Coming: David Rosenberg Explains Here Comes The S&P Downgrade Barrage - Full Statement, In Which S&P Says France May Get Two Notch DowngradeJeremy Grantham Releases The Scariest Market Forecast YetMUST SEE – Bernanke’s Stealth Bailout For Wall Street Kept Secret From Congress Daily Bail | Bernanke runs his own private dictatorship. , How The U.S. Will Become a 3rd World Country (Part 2) Hera Research | The United States is quickly coming to resemble a post industrial neo-3rd-world country.,  SPX Update: Topping Again? Minyanville Jason Haver Dec 02, 2011 ‘The market is giving several signals that a top may be near… In conclusion, I remain medium and long term bearish.’ , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%.  ,  Number of Jobless Without Benefits Grows Dec 2nd, 2011 News ‘…The decline in unemployment was driven in part by the disappearance of some 315,000 people from the labor force. If they haven’t looked for work in the past four weeks, they’re not counted as unemployed… the Labor Department estimated that as of November, a seasonally adjusted 6.6 million people considered not in the labor force actually did want work. That number was up 192,000 from October…’ Economy Creates 120,000 Jobs, Rate Tumbles to 8.6% Dec 2nd, 2011 (CNBC)PG View: Slate columnist Matt Yglesias tweeted this shortly after the jobs report came out: “Decreasing unemployment by shrinking the labor force is not exactly winning the future.” , How The U.S. Will Become a 3rd World Country (Part 2) The United States increasingly resembles a 3rd world country in terms of unemployment, lack of economic opportunity, falling wages, growing poverty and concentration of wealth, government debt, corporate influence over government and weakening rule of law.’ , EUR Shorts Surge, Back To 17 Month Highs As Bearish Sentiment Returns , Bob Janjuah Explains Why The Worst Is Still Ahead Of Us America To Go The Way Of The Roman, British Empires Forbes Robert Lenzner, Forbes Staff

, A Hedge Fund Insider Explains Why Retail Investors Should Flee The Stock MarketTHE MARKET IS MISREADING ECONOMIC DATA -- IT'S TIME TO GET SHORT  http://www.bullfax.com/?q=node-market-misreading-economic-data-its-time-get-short  12/01/2011 The Independent Investor , Chinese manufacturing activity slows Dec 1st, 2011  (Financial Times) , US initial jobless claims +6k to 402k for the week ended 25-Nov, above mearket expectations of 390k, vs upward revised 396k in previous week. Dec 1st, 2011 ,  Another Confirmation of the Solvency Crisis Masquerading as a Liquidity Problem   Atlantic Capital Management Dec 01, 2011 ‘The Federal Reserve is once again reaching into its controversial "unconventional" toolkit -- meaning stocks are, for now, celebrating the near meltdown of modern global banking. , SPX Update: Ben Bernanke Lends Money, Saves the World?  Jason Haver Dec 01, 2011   ‘At this point, despite the massive three-day rally, there are still a few unanswered questions. I remain medium and long term bearish, while the short-term picture has become a bit clouded.’ ,  What Does the Fed Know That We Don’t? 12-01-11 The thought that should be on every investor’s mind today is “Why did the Fed have to stage the coordinated intervention yesterday?’Put another way, what exactly does the Fed know that we don’t?The whole thing smells fishy to me. Aside from the fact that the Fed clearly leaked its intentions as early as Monday night (hence the reason stocks rallied while credit markets weakened), there’s something peculiar about the fact the Fed chose to do this at the end of November. Why November 30? Why not today or Tuesday?I think the answer is that the Fed stepped in to help its institutional investor/ hedge fund buddies.’  BofA, Goldman Sachs, Citigroup Credit Ratings Cut by S&P Nov 30th, 2011 (Bloomberg) , Planned layoffs surpass 2010 total CNNMoney | Cuts announced this year are up 13% overall. , The Easy Fix? Can Europe Print Its Way Out of Trouble? ETFguide  ‘the long-term outlook is as dark as night inside the Grand Canyon…’ , Global Coordinated Desperation and the December to Remember Breakdown Minyanville Michael A. GayedWith global central bank desperation (I mean coordination) announced this morning and the big jump up in risk assets…’ , The Fed is So Predictable Chris Celi 11/30/2011 The Fed is becoming a gigantic waste basket of bad assets. Waste baskets do not have infinite capacity.  Central Banks’ Latest Move Shows Desperation George Washington 11/30/2011 Hey, at least a handful of Ben's buddies will make a bundle ...  Deflation is coming South of Wall Street 11/30/2011 It isn't avoidable , Don't Be Foolish, Sell the Next Key Level In the S&P 500 Forbes/Troccoli  http://blogs-images.forbes.com/thechartlab/files/2011/11/spafter.png  , Wall Street Watch: S&P Cutting Spree, Germany Faces RecessionWall St. Cheat Sheet , AN UNCONVINCING RALLY http://www.istockanalyst.com/finance/story/5571238/an-unconvincing-rally  By: Cam Hui   , BANK DOWNGRADE RAMPAGE: Goldman, Bank Of America, Morgan Stanley, Wells Fargo, And Citigroup Just Got Cut By S&P Business Insider | Standard & Poor’s ratings service just cut the ratings of Goldman Sachs, Bank of America, Morgan Stanley and Citigroup from A to A-. , China Manufacturing Contracts As New Export Orders See Biggest 2 Month Drop Since Dec2008UPDATE: HSBC China Manufacturing PMI prints at 47.7, deteriorating at fastest rate (and lowest level) in 32 Months , Goldman On Today's Coordinated Central Bank Bailout: "It Isn’t Enough To Save Anyone Or Solve Averything" And "Why Now?" The Punch Line: "Crash Test - Bracing For Breakup"  , For The First Time In History, Fed Will Buy AND Sell Treasurys At The Same Time On FridayEgan Jones Downgrades France From AA- To A; Negative Watch, Sees Debt/GDP Rising From 91% to 117% By 2013Of Imminent Defaults And Self Deception. Kyle Bass Prepares For The WorstIn his latest letter to LPs, Kyle Bass of Hayman Capital Management, offers his tell-tale clarity on what may lie ahead for Europe and Japan. With his over-arching thesis of debt saturation becoming more plain to see around every corner, Bass bundles the simple (and somewhat unarguable) facts of quantitative analysis with a qualitative perspective on the cruel self-deception that we all see and read every day about Europe.Whether it is Kahneman's "availability heuristic" (wherein participants assess the probability of an event based on whether relevant examples are cognitively "available"), the Pavlovian pro-cyclicality of thought, or the extraordinary delusions of groupthink, investors in today’s sovereign debt markets can't seem to envision the consequences of a default. ,  Fed Economists Predict A 15 Year Bear Market For Stocks News (BusinessInsider)  ,    http://www.economist.com/content/global_debt_clock is ticking! ,    Senate Passes Bill Allowing Indefinite Detention of Americans ... Considers Bill Authorizing More Torture Posted by: George Washington Post date: 11/29/2011 - 20:53 USA, USA, USA ... Number One in ... cough ... Fascism ... cough , SPX Update: Sell the Bounce   Jason Haver Nov 29, 2011 ‘This bounce might not last long, and new lows are expected to follow., BANK DOWNGRADE RAMPAGE: Goldman, Bank Of America, Morgan Stanley, Wells Fargo, And Citigroup Just Got Cut By S&P Business Insider | Standard & Poor’s ratings service just cut the ratings of Goldman Sachs, Bank of America, Morgan Stanley and Citigroup from A to A-.  , Foreclosure Fraud | Lender Processing Services Robo-signer Whisleblower Found Dead in Nevada Posted by: 4closureFraud Post date: 11/29/2011 , You Cannot Build a Financial System on Rumors and Lies  http://gainspainscapital.com   November 30th, 2011  ‘This act is getting old.Almost every other day we’re getting rumors about new bailouts and interventions in Europe. All of these rumors turn out to be total lies as they are refuted usually within a day and sometimes within a few hours.Case in point, stock futures erupted overnight on Sunday on rumors that Italy would be getting a 600 billion euro bailout from the IMF. Just a few hours later this story came out: IMF denies in Italy aid talks…’ , Minyanville's T3 Daily Recap: S&P Ekes Out Gain; Has the Oversold Bounce Run Its Course?  Minyanville  T3Live.com Nov 29, 2011 ‘Although we are significantly higher than Friday's close, the intraday action has been extremely lackluster, suggesting that there is more downside to come from here. , S&P Hits Biggest US Banks With Credit Rating Downgrades http://albertpeia.com/s&previsedratingscriteria.htm  WSJ Gongloff November 29, 2011 , Presenting Russell Napier's Greatest Hits Russell Napier: the renowned financial historian and consultant for CLSA, as well as author of the engrossing Anatomy of the Bear, who only together with Albert Edwards, has predicted that the S&P would eventually drop to 400…’ ,  Problem With Germany And China: Who Bails Out The Bailers?   Forbes / Addison Wiggin  [‘.. Another downgrade of U.S. sovereign debt is a “certainty,” he adds. “It’s only a matter of when.”..’ U.S. economic conditions are “terrifying,” Mohamed El-Erian said yesterday..’ ] Nouriel Roubini: Government Gridlock ‘Ensures’ 2012 Recession Daily Ticker - Nov 23, 2011 ,  $707,568,901,000,000: How (And Why) Banks Increased Total Outstanding Derivatives By A Record $107 Trillion In 6 Months Nothing's Changed: Italy and the December to Remember Breakdown Michael A. Gayed Nov 28, 2011 , 2011 Looking a Lot Like 2008: Technical Analyst The Wall Street Journal Shipman , New World Disorder - Watch the Stock Market Ilene 11/27/2011 If the mid-summer sell signal of 2011 plays out similarly to the one in 2008, there may be a long, dramatic decline straight ahead. , How the European End Game Will Play Out November 29th, 2011 | http://gainspainscapital.com  ‘With the European End Game now in sight, the primary question that needs to be addressed is whether Europe will opt for a period of massive deflation, massive inflation, or deflation followed by inflation. , EURO FIX RUMORS November 28, 2011  Dave’s Daily: http://www.etfdigest.com Markets rallied sharply on little hard news Monday beyond rumors. , Britain's Foreign Office Prepares For Riots In Europe; Sees Euro Collapse "When, Not If"  , Stocks Finish Monday Near Highs But Rally Looks Limp   Forbes / Scott Redler , Fitch Affirms US as AAA, But Cuts Outlook to Negative  , The desperation of Black Friday — Salon    http://www.youtube.com/watch?v=jYeDRKB1RXw&feature=player_embedded#t=0s ‘...That is not a portrait of healthy economic activity. That is desperation, pure and simple. The story of the woman who sprayed her fellow Xbox shoppers with pepper spray is bad enough, but nothing quite captures what’s wrong with Black Friday better than this Lord of the Flies-style barbaric waffle-maker anarchy…’  [Come On! Wake Up! More stores open, earlier, larger loss leaders / markdowns, as desperate as the desperate desperados who got their ‘shopping’ in early, at best. The spin is toal b***s***! Even the great depression didn’t bespeak this great desperation! The desperation of Black Friday — Salon    http://www.youtube.com/watch?v=jYeDRKB1RXw&feature=player_embedded#t=0s ‘...That is not a portrait of healthy economic activity. That is desperation, pure and simple. The story of the woman who sprayed her fellow Xbox shoppers with pepper spray is bad enough, but nothing quite captures what’s wrong with Black Friday better than this Lord of the Flies-style barbaric waffle-maker anarchy…’  Drudgereport: FITCH TURNS NEGATIVE ON US , Germany told it must act to save Europe…[ Who’s goin’ to save Germany? ]... , Impassioned plea for continent to avoid 'apocalypse'... , Warned of 'highly devastating outcomes'... , Just days until collapse? ] ,  Italian Bond Yields Doubled in Latest Bond Auction Wall St. Cheat Sheet , Sliding Incomes Threaten Consumer Spending  , Moody’s Downgrades Hungary to Junk Wall St. Cheat Sheet , Global Stock Markets Remain in Structural Bear Markets Minyanville  NextBigTrade.com Nov 25, 2011 , Euro on ‘Death Watch’ After Investors Spurn German Bonds CNBC.com , Stocks Extend Longest Drop Since 2008 on Debt Bloomberg , STOCKS GO NOWHERE AND EUROPE GOES DEEPER INTO CHAOS: Here's What You Need To Know Business Insider Sam Ro , The Global Economy is in Big Trouble The Economic Collapse | The global economy is heading for a massive amount of trouble in the months ahead , European Banks Frantically Trying To Dump $7 Trillion Of Crap Assets — But No One Will Buy Them Business Insider , European Bailout Time Of Death: EFSF Cut In Half Due To “Market Conditions” Zero Hedge , Experts: ‘Euro to be Scrapped within Months’  Nov 25th, 2011 (IBTimes) , S&P downgrades Belgium one notch to AA+ citing financial sector risks. Outlook remains negative. Nov 25th, 2011 , Guest Post: Just A Holiday Reminder - Black Friday Is Utterly Meaningless  , "Disastrous" bond sale shakes confidence in Germany Reuters , Why Europe Will Result in Systemic Risk November 23rd, 2011 ‘..These leverage levels alone position Europe for a full-scale banking collapse on par with Lehman Brothers. Again, I’m talking about Europe’s ENTIRE banking system collapsing.This is not a question of “if,” it is a question of “when.”..’ , STOCKS GET SMOKED, EUROPE BURNS, AND BANKS ARE STRESSED: Here's What You Need To Know http://www.businessinsider.com/closing-bell-23-2011-11   Sam Ro Business Insider , Euro Tumbles As JPM Predicts ECB Rate Cut To 0.50%, “Deep Euro Area Recession” Zero Hedge , Euro on ‘Death Watch’ After Investors Spurn German Bonds CNBC.com , Are Parallels to the Great Depression Catching Up for Good?  [ Short answer: Yes! And, in a new, modern, and in light of insurmountable debt levels and fraud at lightning computerized speed, a far more deleterious way. ]’.. Time is running out. Italian 10-year debt yields are once again above the sustainable level of 7%, while Spain…’ , Euro crisis: The screw tightens — Free Exchange , DATA SUMMARY SHOWS THE US ECONOMY IS IN JEOPARDY  [ Duh! Ya think? ]  Jeff Harding Nov 23, 2011 ‘..I have what I believe is a healthy skepticism about the reports from the multitude of federal agencies that I follow on a regular basis. They are often revised and probably understate the negatives. That is especially so with price inflation. Many of the reports are in nominal numbers rather than adjusted for official price inflation..’  ,   Goodnight Stocks: Waiting For The Crash To Arrive      http://www.bullfax.com/?q=node-goodnight-stocks-waiting-crash-arrive By Eric Parnell 11/22/2011 , Spanish Bond Yields Surge to Record HighWall St. Cheat Sheet , Germany Walks… or the EU Sees a Domino Debt Collapse Followed by Systemic Failure   http://gainspainscapital.com November 22nd, 2011 , MF Global trustee says $1.2 billion missing from company Reuters | The shortfall of commodity customer funds at MF Global Holdings Ltd may be around $1.2 billion. , Pimco’s El-Erian Says U.S. Economic Setting ‘Terrifying’ Nov 22nd, 2011 (Bloomberg) , Deep economic pain ahead for the U.S. and the world: Simon Hunt Nov 22nd, 2011 (HousingWire) , ‘The Sky Will Fall In’ for Europe; US Key to Growth: Bank Chairman [ Which means: ‘They’re doomed; ‘cause pervasively corrupt, defacto bankrupt america is an economic, financial, and political basket case, at best!’ ] Nov 22nd, 2011 (CNBC) , TIME Asks Can the U.S. Federal Reserve Help Save Europe’s Banks? TIME | The U.S. Federal Reserve has been pumping billions of dollars into the European banking system in recent weeks. [ Come on! Get real! Who’s going to save the fed? ]  , Jim Grant: “Central Banks Are Insolvent” Daily Bail | Holy insolvency Batman: the ECB is leveraged 14 to 1, and the Fed is leveraged 100 to 1 , As the World Crumbles: the ECB spins, FED smirks, and US Banks Pillage Nomi Prins , Stock Market Still Broken, Technically The Wall Street Journal  Steven Russolillo and Tomi Kilgore   ‘The technical indicators are not looking good for the stock market these days , Greece Just 20 Days Away from DefaultWall St. Cheat Sheet , Economy Grew Less Than Previously Estimated in Third QuarterWall St. Cheat Sheet [You may recall the ‘market pop’ on what I previously referred to as dubious then and now known to be false data / reports; which, in this ‘election cycle’, is the typical political desperation underlying these complicitly fraudulent markets. And, be advised that inflation is way beyond what’s reported, and contrary to spin, that’s a very bad thing.] , Dave’s Daily: http://www.etfdigest.com WHEN KEYNES POLICIES AND POLITICIANS FAIL ,  Will The Deficit Super Committee Failure Lead to Another Meltdown? ETFguide Maierhofer 11-21-11’… According to the formula the down side potential is simply massive…’ , Japan's Kokusai Liquidates Remainder Of Euro Sovereign Exposure, Just As European Primary Issuance Supply Surgesthe following update from Morgan Stanley shows, things are getting from from bad to worse…’ , Moody's Says No To Congressional Can-Kicking The Wall Street Journal { Yet watch for Moody’s can-kicking, based on, quid pro quo?, hope?, etc.. } , STOCKS GET SLAMMED, EUROPE GETS WORSE, BANKS AND GOLD GET CRUSHED: Here's What You Need To KnowBusiness Insider Something Big Is Coming... and It's Going to Be BAD Phoenix Capital... 11/18/2011 We have been getting MAJOR warning signs of a collapse for months now. No less than the Bank of England, the IMF, and legendary asset management firm Franklin Templeton have warned…’ ,  One Interesting Thing About the Leading Indicators Report  The Wall Street Journal (Fri, Nov 18) { How about the most interesting thing about ‘leading economic indicators’ is the weighting accorded M2 and stock prices… ,  The next financial crisis will be hellish, and it’s on its way  http://news.yahoo.com/next-financial-crisis-hellish-way-204303737.html   Addison Wiggin | Forbes 11-16-11  "There is definitely going to be another financial crisis around the corner," says hedge fund legend Mark Mobius, "because we haven't solved any of the things that caused the previous crisis." ,   House rejects balanced budget amendment Nov 18th, 2011 (AP) , US Deficit-Cutting Talks Appear to Be Near Collapse Nov 18th, 2011 (Reuters) , Drudgereport: NEW DOWNGRADE THREAT , Guest Post: The Reasons For China's Imminent BustFriday Night Irony: According To The Fed, Just Over One More Year Of ZIRP Will Lead To 38.36% Annual Inflation The Final Straw? Jefferies And Six Other Banks Sued For "Fraudulent" MF Global Bond Issuance Stocks sink after Fitch warns on US bank exposure AP , Beware the Earnings Cross, Stock Investors The Wall Street Journal  Gongloff , Tighter Credit Suggests Stocks Should Fall  The Wall Street Journal ,   Watch Nigel Farage Dance On The Euro's GraveAnother Tough Month For Tilson As CNBC's Favorite Buffett-Worshipper Is Down Over 24% YTD Payback Time - The Coming Decade Of Deleveraging    Dave’s Daily: http://www.etfdigest.com ‘The further down the road we go without confronting problems head-on, the more difficult things become… We go along with band-aids, useless stimulus, money printing and hope. It’s BS and smoke and mirrors policies... Their credibility is shot.It’s no wonder investors are fleeing markets. Over $200 billion in equity mutual funds have left the markets since 2010. As I update our Top Ten ETF lists by sector, I see assets under management (AUM) declining 25-45% just in the last four months. The great October stock rally was a “eurozone is fixed” mirage. Thursday markets received mixed economic news in the U.S. as Jobless Claims fell somewhat (higher previous revisions again and people dropping off the rolls like flies accounts for some of this) and a poor Philly Fed Survey (3.6 vs 9 expected and previous 8.7). Housing Starts were unchanged, and frankly we don’t need more home construction…’ The next financial crisis will be hellish, and it’s on its way Forbes.com  Citi Economist Warns of Imminent Spanish, Italian Default  The Wall Street Journal (11-16-11) , Financials Drag Market Lower, Fitch Raises Doubts About Euro Hedge Effectiveness The Wall Street Journal Gongloff (11-16-11) , Stocks Making Risky Bet on Massive ECB Money Printing The Wall Street Journal , Dave’s Daily: http://www.etfdigest.com  INVESTORS ON THIN ICE ,  Euro-Dollar Basis Swap Cost at 2008 Crisis Levels The Wall Street Journal , U.S. Debt Tops $15 Trillion Mark Today Nov 16th, 2011 (ABCNews) ,   Minyanville's T3 Daily Recap: Wedge Pattern Looks Set to Resolve to Downside Minyanville , European Financial Gravity: The Era of "Extend and Pretend" Is Over Atlantic Capital Management , Europe: Close To A Death Spiral? Nov 16th, 2011 By Bruce Krasting (EconMatters) , Citi Chief Economist Willem Buiter: A Spanish Or Italian Default Could Happen In A Few Short Days Financial Stocks Catching Up To Their Recent Credit Weaknessit seems reality is starting to sink in.. , Which Way Wednesday – Popping or Topping (again)?  ilene 11/16/2011 This is a fantastic opportunity to observe the workings of an actual criminal conspiracy to defraud the American people in action. , JPMorgan To Issue CMBS Backed By... Defaulted Loans,  Presenting Europe's Remaining 2011 Bond And Bill Auctions... All 104 Of ThemCongress Shocked To Find That Being CEO Of A Bankrupt Company Is The New Killing It Two weeks ago we reported with sheer disgust that the outgoing CEO of bankrupt Freddie Mac, Ed Haldeman, was to pocket over $4 million for his brief two year stay..for lots of hard work collecting bail out cash from the Treasury. $21 billion to be precise , Dark Pool Flush: Game Over Pipeline; Next Up Goldman's Sigma X?For years Zero Hedge has been exposing the persistent fraud that goes on behind the trading scenes, not only in High Frequency Trading, but also in various dark trading venues, known better as dark pools where exchanges, typically the banks themselves get to match buyers and sellers without any indication of a trade having occurred, until much later if at all… What will shock the trading community, however, even more is if the SEC decides to go after not some tiny unknown firm, but the real dark pool transgressors, the biggest one of which is and has always been Goldman's Sigma X. Of course for that to happen, Mary Schapiro would actually have to do her job. And that, unfortunately, ain't happening. , Falling house prices trap first homeowners Guardian , Contagion spreads, triple-As under pressure Nov 15th, 2011 (Reuters) , What Other MF Globals Are Lurking In the System?   ,  Last Market Rally Before the Bears Take Over  Minyanville David Banister 11-14-11 ‘The current market rally will likely last through Christmas before we see the big leg down. …  Longer term, my best view right now is that this is a countertrend bounce off the 1,074 lows that will give way to another big down leg. …‘ , Even the Fed Can’t Value Financials’ Risk Phoenix Capital 11/14/2011  The NY Fed is the single most powerful entity in charge of the Fed’s daily operations. How can any investor believe that the Fed can manage the system and restore trust when the NY Fed cannot accurately audit a financial firm’s risks during a six month review, then there is NO WAY an ordinary investor can do so. , Europe in worst hour since WW2: Merkel [Duh! Ya think?] , Congress Trading Stocks on Inside Information!?Wall St. Cheat Sheet , Bob Chapman: Surviving The Banker Sociopaths The Alex Jones Channel | Alex talks with regular Friday guest Bob Chapman of the International Forecaster.SPX Update: Crash Wave Ready; Confirmation Still Pending   Jason Haver 11-11-11 Do Valuation Metrics Still Apply or Has The Market Become Untradable? Simon Maierhofer Etf Guide [ Short answers: No and yes the market has become ‘untradable’ for investors. I would add that the ‘debased dollar policies’ (ie., QE’s, overprinting of paper currencies / dollars, etc.) enable sales / revenues to be booked with ‘more’ of the inflated dollars relative to costs booked at the ‘fewer / greater value’ dollars which spikes earnings but leads to the inevitable margin erosion when the reported costs ‘catch up’ in terms of inflated ‘Weimar’ dollars. Hence, even the averages when deflated for real inflation (see Faisal infra) show a far less sanguine picture (than say, hard assets, ie., gold, etc.). Even more important is the effect of the HFT programmed trades , http://albertpeia.com/wallstreetcrapshoot.jpg  ,  Bernanke Knows He’s Powerless This Time AroundThe Aftermath of the Risk-Free Sovereign Debt Illusion Minyanville (Fri, Nov 11 ]   Divergences Point To Stock Market Crash  http://www.bullfax.com/?q=node-divergences-point-risk-stock-market-crash 11/10/2011  James A. Kostohryz , EU Warns Of ‘Deep, Prolonged Recession’ Dow Jones Newswires | The European Union Thursday slashed its growth forecast for the 27-nation bloc in the coming year. ,  Dave’sDaily: http://www.etfdigest.com [WELL FOUNDED] FEAR REMAINS.. November 10, 2011 ‘Rapidly changing news cycle, combined with HFT algos …As has been routine, previous data was revised higher from 397K to 400K, and given this pattern, you should expect current data revised higher next week…’ What First Time Unemployment Claims Data Is Saying About the Economy   Lee Adler Nov 10, 2011 ‘…Purely by accident, the real number this week wasn't too far off at 398,753, but that was an increase from last week's 369,647, not a decline as shown in the cartoon numbers. Furthermore, it was about 70,000 more than at the seasonal low reached the last week of September. While this year's seasonal low was lower than last year, and this year's increase since then was less than last year's, how that led to the proclamation that this week's number was the lowest in seven months is beyond my comprehension. It's just a meaningless, and false, number spit out by a statistical rhythm…’  Famed economist predicts economic calamity in 2012. See the evidence.   http://w3.newsmax.com/a/aftershockb/video.cfm    ,     These 4 things happen right before a heart attack. newsmax  http://www.newsmax.com/Newsfront/silent-heart-attack-symptoms/2011/09/23/id/412086     ,  50% unemployment & 90% Dow crash also predicted. Newsmax   http://w3.newsmax.com/a/aftershockb/video.cfm      ,    http://www.economist.com/content/global_debt_clock is ticking!   Analyst Sees 3% More Downside On Dow As Cyclicals Lose Momentum Barrons.com (Wed, Nov 9) [ Is that all? Sounds like a fraudulent wall street wet dream! Far more reliable analysts predict much lower, infra.  ]  , There Is No Solution for Europe”: Stocks Tumble as Italian Yields SurgeThe Daily Ticker (Wed, Nov 9) ,  PERVASIVELY CORRUPT, DEFACTO BANKRUPT AMERICA IS A TOTAL FRAUD IN THE INDUCEMENT AND FACTUM. #9. (see infra) World’s Largest Drug Dealer: The American empire is the largest drug dealer in the world!  Say it isn’t so. Well, in addition to forcing legal drugs and genetically modified organisms on nations, usually under the cover of foreign aid, America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA   ,  http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related  ,  http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related  ,  http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related  ,  http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related  ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html   ] to control the industry, and now openly protects and transports opium from Afghanistan  [  http://www.youtube.com/watch?v=ElEciFI0Pew  ] .  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [  http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world  ]  ; up 61% compared to 2010 to a whopping 5800 tons.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm  ] , Dave’s Daily http://www.etfdigest.com  ‘Perhaps this is now the “no news is good news” market since a rally on Berlusconi’s resignation is beyond irrational. But, we’re long so I shouldn’t complain too much even though emotionally there isn’t much to like overall. The only bullish thing is the action of the tape and this is the season when bulls can make their year. Speaking of HFTs and algos, HFT issues are thoroughly covered with HFT Alert founder Steve Hammer and myself in the video interview below. The presentation contains two parts: the first outlines HFT basics—how they work and their controversial impact on financial markets. The second part we discuss how traders can benefit or make money by using HFT Alert’s unique trading services. http://www.youtube.com/watch?feature=player_embedded&v=NzfmT4vGXZY [ ‘Off to the golf course’, indeed. Those are Mr. Hammer’s concluding remarks. Not because he’s a trader, but because he’s selling this ‘very functional in terms of what’s going on’ package. The truth is that even today, at lightning speeds, there are very few successful traders (as distinguished from investors, and there is a huge distinction, though much less so today)(over the longer term and is akin to the apposite old adage, ‘you can win a race but you can’t win at the races’). Indeed, some companies / brokerages employ them just for the volume / commissions they produce. Most telling, in this video, is the beginning wherein it’s explained that in literally a second(s), mere quotes can give rise to revenue (as with commissions, pieces of the action) which has to come from someplace. The problem is that ultimately, this ‘churn-and-action’ computer programmed action at ‘lightning speed’ is parasitic inasmuch as it is without any economic utility whatsoever in real economic terms as are commissions in ‘after-market stock trading’ (as distinguished from initial ipo’s) that are tantamount to a tax on the real economy; hence, the benefit to the frauds on wall street at the expense of and to the detriment of main street, taxpayers, and the populace in general, as we’ve seen and continue to see. 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’. What to Expect Next From the Markets Minyanville  Jeffrey Cooper ‘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, Amazon, Baidu, IBM, and Caterpillar { 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..’} Then there’s the fed complicity in these various wall street scams by way of QE’s / dollar debasement which of course benefits the frauds on wall street to the detriment of literally everyone else. ]So, as indicated stock prices shot higher on the Berlusconi news. Gold prices saw some profit-taking, the dollar was weaker, commodities stronger and bonds weaker.Volume was on the light side and breadth per the WSJ was quite positive…’  ,       Dave’s Daily http://www.etfdigest.com  ‘Perhaps this is now the “no news is good news” market since a rally on Berlusconi’s resignation is beyond irrational. ,  U.S. Auto Sales And Consumer Credit Hard To Reconcile   http://www.bullfax.com/?q=node-us-auto-sales-and-consumer-credit-hard-reconcile   ‘The last number in the Fed consumer credit report for new car loans is for the first quarter of 2011, and it showed a decline of 2.73% from the fourth quarter of 2010. Yet new auto sales for the same period increased 3.97%. Fascinating.’ , Barclays Says Italy Is Finished: "Mathematically Beyond Point Of No Return"Bond dumping and Berlusconi Posted by: Pivotfarm Post date: 11/08/2011 - 08:18 BNP Paribas SA and Commerzbank AG (CBK) are unloading sovereign bonds at a loss, leading European lenders in a government-debt flight that threatens to exacerbate the region’s crisis. BNP...’ , Trouble Ahead: Employment, Inflation, and the Fed Minyanville Jeff Harding , Embarrassing Blunders Wall Street Loves to Hide ETFguide  Maierhofer , SPDR Dow Jones Industrial Average ETF Experiences Big Outflow  Forbes , ETF Fund Flows: SPY Bleeds $1.14 Billion IndexUniverse.com , Got PrimeX Short?: Half The Country's Mortgages Are Underwater , As Geithner Says Supercommittee "Holds Key To Rebuiling Confidence" Supercommittee Says "Trillions Of Dollars Apart" , Wikileaks Exposes German Preparations For “A Eurozone Chapter 11″ Zero Hedge | A worst case scenario, says Mayer, could be that Germany pulls out of the Eurozone altogether in 20 years time. , Italy borrowing rates hit record The Italian government's borrowing cost rises on fears over political uncertainty, with 10-year bond yields hitting a euro-era high of 6.64%. , Are RBS And NatWest The First Victims Of “Bank Transfer Day” Zero Hedge | Earlier today we received the following email from a reader: “RBS systems are down today – ALL of them. , Euro-Kaput: ‘Euro could be dead by end-November’ Russia Today | Greek PM George Papandreou is aiming to form a coalition government and push through an international bailout package. ,  HFT TRADING RULES MONDAY  Dave’s Daily:  http://www.etfdigest.com  11-7-11 ,  Italy: Too Big to Fail, Too Big to Save? Nov 7th, 2011 (CNBC) , Italian Debt Crisis Has Global Markets on Edge. Here’s Why It Matters to You JK Comment: The Daily Ticker guys offer some interesting insight on the evolving situation in Europe, and how “contagion” may not be limited to the shore’s of Europe.’ , Presenting The Latest Eurodebt Exposure Masking Scam Courtesy Of Morgan Stanley: Level 1 To Level 2 Transfers Here Is Today's 3pm Rumor... In true save-the-market style, as 3pm ET comes around we have another rumor from Europe. This time it purports to be the creation of an investment fund, as a subsidiary of the EFSF, which will 'attract' external capital sources, via tranching of returns, to enable the purchase of sovereign debt in primary and secondary markets. Headlines, via Bloomberg, for now suggest this is yet another strawman…’ ,  No smoking gun: IAEA Iranian nuclear report falls flat on its face Patrick Henningsen | The IAEA report has come up short, but the Axis powers are still desperate to hit Iran  ,  10 Reasons America Will Be Judged as the Most Brutal Empire in History   http://www.prisonplanet.com/10-reasons-america-will-be-judged-as-the-most-brutal-empire-in-history.html Activist Post | Good and evil doesn’t have a grey zone.. America and her Western cohorts will likely be viewed as the most brutal empire in history.. Although this empire is infinitely more powerful than Rome was, it will suffer the same fate.  For every negative action the empire commits, there’s an equal and opposite good reaction. And the goodness of humanity will always defeat tyranny when it goes too far.  However, an empire with so much to lose will go down swinging and slinging every weapon in its arsenal, thus putting the final stamp on their status as most brutal empire in history.’  ,  Greek Debt Crisis: Mark II of the Plan for a Greatest Depression Kurt Nimmo | HSBC, a prized bankster asset connected to the City of London, warns of a global depression. , Hit With Big Withdrawals, Fed Sells Assets, Borrows Cash  ilene 11/06/2011 ,  Fed Underestimated Economy's Weakness: Kohn TheStreet [ Another ‘duh!’ moment from the fraudulent fed! ] , Tempted by Europe? Don’t Be -  http://www.theglobeandmail.com/globe-investor/markets/markets-blog/tempted-by-europe-dont-be/article2228163    ,   Europe. Is. Finished.  Phoenix Capital... 11/05/2011 ‘Europe is finished. The region’s entire banking system is insolvent (with few exceptions).’  Earnings Warning Ratio Highest In a Decade The Wall Street Journal ‘…In other words, even as the market has rallied, the outlook for earnings has gotten worse.’ , Minyanville's T3 Weekly Recap: Market Breaks Streak of Weekly Gains, Focus Shifts to Italy  Minyanville ,  The Chart That's Forecasted Every Major Move Correctly Since March 2011  Simon Maierhofer 11-4-11 ‘…major indices may just be chopping around for another week or two before heading south for the winter…’ , SPX and NDX Update: Top May Be In as Retracement Rally Hits Targets  Jason Haver , Handicapping a Global Market Meltdown  Minyanville  ,  Extreme Poverty Is Now At Record Levels – 19 Statistics About The Poor That Will Absolutely Astound You The Economic Collapse ,  Insider selling surges — CBS MoneyWatch , Greenspan Suggested Cutting Taxes on the Wealthy to Increase Debt so the Fed Wouldn't "Lose Control of Monetary Policy"  Posted by: George Washington , First Time Unemployment Claims Increase But Less Than Usual Posted by : ilene Post date: 11/03/2011 - There's just one minor problem.   http://www.zerohedge.com/contributed/first-time-unemployment-claims-increase-less-usual   Courtesy of Lee Adler of the Wall Street Examiner "Fewer people applied for unemployment benefits last week, a hopeful sign that the job market might be picking up," trumpeted the AP, in a news item picked up by news organizations across the US and the world. There's just one minor problem. First time claims actually increased by 9,361. The AP, and everybody else, reports a fictitious number, the seasonally smoothed fantasy. They do that because they figure that readers are too stupid to compare this week's performance with the same week in previous years to see if the economy is doing better or worse. I hold no such preconceived notion. If you are smart enough to be reading this report, then you are smart enough to be able to compare actual numbers, as opposed to the fake pablum spoon fed to you by the economics punditocracy…’ , Unique Historic Precedents Suggest Lower Prices    http://finance.yahoo.com/news/Unique-Historic-Precedents-etfguide-1382828970.html?x=0&.v=1  ETFguide Simon Maierhofer, November 3, 2011  , Europe is doomed — Felix Salmon  http://blogs.reuters.com/felix-salmon/2011/11/03/europes-doomed-fate    This is beginning to feel like 2008..’, Because Central Banks Just Aren't Enough: G-20 Will Ask IMF To Print Reserve CurrencyFour months ago we predicted that in response to the latest round of global economic deterioration, every central bank would very soon join the toner party., Today's Joke Du Jour Comes From Italy's Biggest Bank, UniCredit , SEC Opens Investigation Into MF Global Insider Trading, Ignores Glaring Evidence Of Client Capital Commingling, Hugh Hendry Channels Irony And Paradox In His Latest Financial Outlook  ‘..So what’s next? A crash, of course..’, As Repeatedly Warned, Quarter End Window Dressing Key Factor In MF Global's Demise Citi: "The Bear Market Rally Is Behind Us; We Anticipate A Move To 1,000-1,015"Fed lowers GDP forecast, raises unemployment projections, mulls more inflation producing, failed, futile, wall street fraud-friendly action to the detriment of all others which rallies those ever more worthless as with dollars ‘pieces of paper’ (actually not even, just ‘over-counted/supplied computerized ‘ledger’ entries) for the ubiquitous as in the last financial fraud debacle) for the continuing High-Frequency-Trade churn-and-earn (Reuters) , Market Recap: Banks Rally Back, Fed Outlook Worsens [jersey based, former lautenberg adp data’s as worthless as that from the scandal-scarred commerce dept. et als, ie., factory numbers; then, the labor dept.’s fake report, estimates, numbers, including the b.s. service sector, etc..) Wall St. Cheat Sheet  , Fed foresees far weaker growth than it had earlier , MF Global Client Theft Estimate Doubled To $1.5 Billion?Game Over Berlusconi? Italian Anti-Crisis Bill FailsEgan Jones Downgrades Jefferies On Concerns About Sovereign Exposure Amounting To 77% Of EquityGuest Post: MF Global Shines A Light On Monetarism's Incapacity To Enhance The Real Economy , Will Spiking Vol Drag Global Growth Down? [Short answer: YES! The HFT churn and earn is parasitic, benefits the frauds on wall street only, and ultimately must ‘come from some real place’ (ie., main street, taxpayers, etc.)]    The Greco-Franco Bank Run Has Skipped the Pond, Landed in NY/Chicago and Nobody Noticed, Exactly As I Predicted! Reggie Middleton 11/01/2011 ‘We just experienced a bank run in the US that I have been warning of for months on end. A bank run that resulted in this country's 8th largest bankruptcy,,, ever - and nobody even noticed.’ ,  How US Banks Are Lying About Their European Exposure; Or How Bilateral Netting Ends With A Bang, Not A WhimperKeeping Up With The Korzines In The Kooler: FBI To Investigate MF Global's Theft Of Client Money , US construction spending +0.2% in Sep, below market expectations of +0.3%, vs 1.6% Aug. Nov 1st, 2011  ,   US ISM fell to 50.8 in Oct, below market expectations of 52.0, vs 51.6 in Sep. Nov 1st, 2011   Guest Post: Fed Trapped By InflationKeeping Up With The Korzines In The Kooler: FBI To Investigate MF Global's Theft Of Client Money , US Food Stamp Usage Hits New RecordThe Coming Derivatives Crisis That Could Destroy The Entire Global Financial System The Economic Collapse , The REAL $200 TRILLION Problem Bernanke’s Worried About  Phoenix Capital... ‘US Commercial banks have $200 TRILLION in interest rate based derivatives sitting on their balance sheets. And guess which banks have the greatest exposure…’ ; and, finally the coup de gras ,  America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’,  Unthinkable Poised to Happen on Wall Street. See Disturbing Charts. (Moneynews) http://w3.newsmax.com/a/aftershockb/video.cfm?PROMO_CODE=CD97-1  ,   http://www.stansberryresearch.com/pro/1108PSI9MOVD/PPSIMA06/PR   Mf global, plus mob infested jersey former governor, plus fraudulent wall street, plus mob strong new york, plus rich mob history Chicago, equals fraudulent scheme / theft / scam in the making and then reality! Someone Is Going To Jail For This: MF Global Caught Stealing Hundreds Of Millions From Customers? Graham Summers’ Weekly Market Forecast (Wake Up Call Edition)  Phoenix Capital... 10/31/2011 The markets flew into this deal based on rumors and short-covering and are now waking up to the plain obvious facts that you cannot solve a debt problem with more debt. ,  Panic Behind The MF Scenes As Company Refuses To Disclose Information To Regulators Even In DeathAre Investors Buying on False Hope? Minyanville  ,  Markets Remain in Cyclical Bear Market  Kevin Tuttle  [ Actually this is a secular bear market with much worse to come! ] ,  U.S. and Europe … “Self-Induced Stagnation,” says Economist Editor The Daily Ticker , Why Last Week's Euro Fix Won't Do the Trick ETFguide Maierhofer , Corzine's MF Global collapses under euro zone bets , Are Ratings Agencies Taking Bribes?Wall St. Cheat Sheet [ One way or another, from all 3 branches of u.s. government to u.s. businesses coast to coast, wall street to main street, they’re all getting / taking bribes! ] , SPX and NDX Update: A Disturbing Look at Fundamentals, and the Rally Explained  Jason Haver Oct 31, 2011 ,  China Says Not So Fast On Rescue   http://www.thestreet.com/_yahoo/video/11292710/buy-and-hold-is-dead-buy-and-hedge-instead.html?cm_ven=YAHOOV&cm_cat=FREE&cm_ite=NA&s=1#1250281566001   , MF Global Caught in Death Spiral , Sell H-P! Against the Grain 10/31/11   ,   Europe Will Make Lehman Look Like a Joke   http://gainspainscapital.com/?p=1010  Summers 10-28-11,  Be Honest – The European Debt Deal Was Really A Greek Debt Default Posted by : ilene Post date: 10/28/2011 - 2012 looks like it is going to be an extremely painful year. [ Yes! Very painful! I believe Dave was the first ‘to get this’ in passing yesterday; and, thinking on it more, I believe this charade cheered particularly by the frauds on wall street (and surprisingly germany) was for the purpose of ‘voluntary’ to avoid the Credit Default Swap trigger. Yet, the real bad news is that, even worse than as with the last financial debacle, owing to the greed-driven, commission/fee generating churn and earn of innumerable, bogus, worthless, levered, negatively valued on event financial instruments at computerized lightning speed, the commission-generating paper is beyond the frauds’ abilities to account for; and not just the CDS’s ( ETFs have potential to become the next toxic scandal Sep 19th, 2011 News (The Telegraph) Financial Stability Board (FSB), an international super-regulator, wrote a prescient if less than catchily-titled paper “Potential financial stability issues arising from recent trends in Exchange Traded Funds (ETFs)”..warning – ETFs are not the cheap and transparent vehicles the marketers would have us believe ..no one who read the FSB report was surprised to see the words ETF and rogue trader in the same sentence… half of the ETFs in Europe today do not match the index they are designed to track by holding all of its constituent shares.. Derivative trades add a second layer of uncertainty .. the counterparty risk that the organisation on the other side of the contract might go bust. Even worse, the provider of the ETF might sometimes be a part of the same organisation as the derivatives desk carrying out the swap…For reasons which I’m not sure I could explain even if I had the space, it is possible for the number of shares sold short in an ETF to massively exceed the actual number of shares available.’).  Not only is it that The Greek Deal Accomplishes Nothing… Systemic Risk is Coming   http://gainspainscapital.com October 27th, 2011   (Yes! It’s happened again. No … not just the (Weimar) funny money and rally as in the great depression followed by the inevitable bust /crash Parallels to The Great Depression Suggest Higher Prices Followed by a Bust ETFguide Simon Maierhofer, October 25, 2011), but  , Dave’s Daily http://www.etfdigest.com/davesdaily  ‘The only thing wrong with the image above is that it’s from March 2010, or on one of many previous plans agreed upon. But, markets don’t care about this and just thirst for any deal even if memories remain short.. HFT algos are programmed to pounce on these presumed fixes and have been active in driving stock prices higher this past week. Let’s face it; this is the time of year bulls can make their year with good fees and bonuses on the line…’ , Dave’s Daily:  http://www.etfdigest.com  ‘The above image displays quotes per second coming from HFT (High Frequency Trading) systems http://www.etfdigest.com/images/stories/davesdaily/1866/image002.jpg    http://www.etfdigest.com/images/stories/davesdaily/1866/image002.jpg    . The two graphs display action towards the close of trading Friday. The upper graph shows action of “algos” per second while the bottom the number of HFT quotes per second over a three minute time period with colors for each exchange. The lower graph displayed nearly 300 quotes per second—got that? Perhaps only a small fraction of these are real trades with the others being just bids and offers designed to stimulate program trading algorithms. This is posted because nearly 70% of all volume and trades on the NYSE for example are program trades with HFTs now dominant.   Then there’s the reality / folly that the mental case with the funny / odd little mustache has been displaced by another ubiquitous fraud of collectively the ‘multiple mental cases modern day equivalent variety’; viz., the bourse, bourses, ‘boursers’, stock exchanges, ‘market fraudsters’(wall street particularly), and their lightning fast, high frequency trading computers(‘ programs). After all, the already undercapitalized banks are now 50% more undercapitalized (those Yule Brynner hair cuts are a b**ch); there’s good money after bad; and square pegs are, for the nonce, ‘fitting’ into round holes. Nothing’s been solved and there’s much worse to come! Take this as the ‘gift’ (to stock markets everywhere, ultimately paid for by main streets and taxpayers everywhere) [Market Now Overbought: Birinyi The Wall Street Journal ] it was meant to be and sell, take profits, since this ‘microcosm of the crisis’ was never the real reason for lower markets but merely at best a symptom of [ at worst a scapegoat for ] these great depression-era times, the worst of which will be seen. It’s coming! Funny money will just exacerbate the inevitable! This may sound like a platitude; but, fundamentals and reality still count!  Is It Foolish to Get Excited About the Latest Deal to Save Europe? ETFguide    http://finance.yahoo.com/news/Is-It-Foolish-to-Get-Excited-etfguide-2444921710.html?x=0&.v=1   Simon Maierhofer, 10-27-11 [Short answer: YES! ] . The looney loonie now exceeds the value of the ‘funny-money’, debased dollar (who coulda / woulda have ever thunk it). Inflation, Jobs, and the Artificial Flow of Monetary Policyat Minyanville  Bad news and b***s*** (as in no plan plan) across the board (and sea) … yet stocks rallied …US durable goods orders -0.8% in Sep, near expectations, vs -0.1% Aug. Oct 26th, 2011 by News , Paper currency has too much bull, not enough bullion Oct 26th, 2011 by News (Globe and Mail) — Sir Mervyn King, governor of the Bank of England, ordered up another $300-billion (U.S.) in easy money earlier this month, then mentioned, by way of explanation, that we are living through the most serious financial crisis since the Great Depression – “if not,” he said ominously, “ever.” Sir Mervyn’s warning was only marginally more sobering than the collective warnings of Prime Minister Stephen Harper, Finance Minister Jim Flaherty and Bank of Canada Governor Mark Carney.This is not to mock. These men know enough not to scare people out of their wits unless it necessary to do so. So the question is, what do these people know that the rest of us don’t?More related to this story:To put Sir Mervyn’s warning into its historical perspective, it must be noted that “ever” goes back a long way. The biblical record cites one calamitous meltdown 4,000 years ago, “when money failed in the land of Egypt.” Did Sir Mervyn deliberately or inadvertently include the financial crashes of antiquity in his portentous warning? Isn’t it the failure of money that now threatens the world? [source] Euro Zone to Quadruple Bailout Fund: Sources Oct 26th, 2011 by News (CNBC) — … [source]PG View: Leverage is very much a double-edged sword, also capable of amplifying losses. Nobody ever seems to talk about that. Of course Europe can always bailout its bailouts…  STOCKS TANK BEFORE EU MEETING THAT EVERYONE EXPECTS TO FAIL: Here's What You Need To Know Business Insider [ No …this is not quite correct … the point being there’s nothing they can do to make it (other than the meeting in and of  itself as ‘a much ballyhooed  event’) succeed!   Graham Summers’ Weekly Market Forecast (Stocks Are Last to Get It Edition)  ‘…So if you have not already taken steps to prepare for systemic failure, you NEED to do so NOW. We're literally at most a few months, and very likely just a few weeks from Europe's banks imploding …’,  Four Facts that PROVE the EFSF Doesn’t Matter… At All  Phoenix Capital 10/20/2011Four Facts that PROVE the EFSF Doesn’t Matter… At All  -  ‘.. And those investors who get suckered into betting this mess will work out well are very likely going to lose everything. The impact of the fallout from this will make 2008 look like a joke. The EU is the largest economy in the world. So if its banking system collapses (and it will) we’re facing a full-scale Global financial meltdown (the IMF has even warned of this)…’ ,  Parallels to The Great Depression Suggest Higher Prices Followed by a Bust ETFguide Simon Maierhofer, October 25, 2011  Investors' Number One Worry: Europe Posed to Bring Down Global Economy  Minyanville [ Riiiiight! Europe following the ‘american way’ of  ‘insurmountable debt, funny money and wall street fraud, and throw in a destructive, wasteful war or two or three’  is ‘ the one’ … to reiterate: America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion   ], Minyanville's T3 Daily Recap: The Anatomy of a Market Reversal  T3Live.com Oct 24, 2011 ‘Now may be a good time to take some profits after a strong October run in the market…’, 10 Reasons The Consumer Will Sink This Rally http://www.bullseyemicrocaps.com/?p=13626   Bret Jensen , United States tipped to lose another AAA credit rating Reuters | Either from Moody’s or Fitch , Can The Hope Rally Continue? [ Short answer: NO! ] , Graham Summers’ Weekly Market Forecast (Stocks Are Last to Get It Edition)  ‘…So if you have not already taken steps to prepare for systemic failure, you NEED to do so NOW. We're literally at most a few months, and very likely just a few weeks from Europe's banks imploding …’, Minyanville's T3 Daily Recap: The Anatomy of a Market Reversal  T3Live.com Oct 24, 2011 ‘Now may be a good time to take some profits after a strong October run in the market…’, 10 Reasons The Consumer Will Sink This Rally http://www.bullseyemicrocaps.com/?p=13626   Bret Jensen , United States tipped to lose another AAA credit rating Reuters | Either from Moody’s or Fitch , Can The Hope Rally Continue? [ Short answer: NO! ] , Unthinkable Poised to Happen on Wall Street. See Disturbing Charts. (Moneynews) http://w3.newsmax.com/a/aftershockb/video.cfm?PROMO_CODE=CD97-1  ,   http://www.stansberryresearch.com/pro/1108PSI9MOVD/PPSIMA06/PR ,  ECRI Recession Watch: Growth Index Drops Further   http://advisorperspectives.com/dshort/updates/ECRI-Weekly-Leading-Index.php Doug Short 10-21-11 ‘The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) has now posted 11 consecutive declines since early August. The interim high of 8.0 was set in the week ending on April 15. The latest reading, data through October 14, is -10.1, down from the previous week's -9.7. On September 30th, the ECRI publicly announced that the U.S. is tipping into a recession, a call the Institute had announced to its private clients on September 21st. ,  Earnings forecasts look less bright NEW YORK (Reuters) - Prospects for corporate earnings are dimmer in the coming quarters -- even though reports so far this quarter have been relatively bright. [ Relatively bright? Only because most are not relatively bright having failed to yet ‘catch on’ to this nation-debilitating, but wall street favored defacto fraud. The ‘miracle’ of ‘funny money’ wherein the ‘debased currency strategies’ (ie., QE’s, etc.) among other accounting manipulations lead to ie., costs reported in ‘more valuable but fewer dollars’ and sales / revenues reported in debased dollars (simply more of them, but no real value created, profits overstated in real terms). ] , Banks closed in Colo, Fla, Ga; 84 failures in 2011 AP , With Some Hope In Europe, Time To Go Short? Forbes   Steve Schaefer, Forbes Staff  ‘European leaders are gathering Sunday and Wednesday in meetings aimed at hashing out an expansion of the region’s bailout fund and recapitalizing banks, but with expectations for a solution rising the risk of a less-than-comprehensive plan rattling markets may be growing...“The bar is set too high,” he believes, arguing that even if the market rallies on a deal being reached, the implementation of whatever resolution plan is adopted will be cumbersome and ultimately amount to “solving a problem of debt with more debt.” When the market realizes that, October’s 9.5% gain to date could unravel in a hurry. The recent stage in the too-rapid rise to current levels is largely a result of short-covering and investors who missed the initial stage of the recovery jumping on board…’ , Dead Stocks Walking smartmoney.com,  S&P sees downgrade blitz in EMU recession, threatening crisis strategy Oct 20th, 2011 News By Ambrose Evans-Pritchard (The Telegraph) , Euro Summit Imploding: Merkel Cancels Friday Government Statement On EFSF Student Loan Bubble To Exceed $1 Trillion: "It's Going To Create A Generation Of Wage Slavery" And Another Taxpayer Bailout Durden ‘..All we need to do is teach people that Washington D.C. and Wall Street are now the same corrupt entity.  They are one gigantic rogue trader sucking the lifeblood out of America..’ , , As growth lags, IMF warns of downturn After warning that high debt needed immediate attention, the organization is now urging countries to look for ways to boost growth amid concerns that austerity might bring renewed recession. Euro drops as Germany seeks no quick resolution (Washington Post) [ Duh … ya think?  43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge | By now everyone has had a chance to play with the US debt clock. But what about its global cousin?   Is the US Economy in a Recession? thetechnicaltake ‘A simple indicator constructed from readily available data is suggesting with great certainty that the US economy is already in a recession.’ , US to Experience Stagflation Worse Than 1970s: Jim Rogers CNBC , Jeff Applegate: Not Sheepish About Turning Bearish  The Wall Street Journal  Jonathan Cheng ‘Last week was a tough time to turn bearish. Since hitting a bottom on Tuesday, the Dow Jones Industrial Average has jumped by 11% in less than two weeks, raising hopes among some investors that the U.S. and Europe may be able to power through their summertime woes. Not for Jeff Applegate. Mr. Applegate, the 61-year-old chief investment officer of Morgan Stanley Smith Barney, last week made his biggest bearish shift in more than two years, battening down the hatches and reducing his exposure to stocks, high-yield bonds, commodities and real-estate investment trusts…’, Fed should adopt GDP target, Goldman says Oct 17th, 2011 News (MarketWatch) — The Federal Reserve should target the level of gross domestic product, Goldman Sachs economists said ahead of a wave of speeches from central bank officials.In a note published Friday night, Goldman Sachs said the best way for the central bank to loosen policy significantly further would be to target a GDP path, and commit to using more asset purchases to achieve that path.“While a shift to a nominal GDP level target would be a big decision, it would be consistent with the Fed’s dual employment and price mandate,” the economists wrote.[source] PG View: [Talk about self-serving disingenuity that along with their frauds, goldman’s come to be known for! Goldman, like the lunatics at salomon brothers should be out of business and vigorously prosecuted; having in large part helped create this crisis which continues with their dollar debased HFT’s. (‘Salomon Brothers' success and decline in the 1980s is documented in Michael Lewis' 1989 book, Liar's Poker. Lewis went through Salomon's training program and then became a bond salesman at Salomon Brothers in London.’Wikipedia. Acquired by Travelers / Citi. ] A timely position taken by Goldman Sachs in light of the inflation piece written by John Mauldin on Saturday. Yes, it does indeed seem that “inflation as a solution” is gaining traction. I say tom-a-to, you say tom-ah-to. I say inflation targeting, you say GDP targeting. Whatever you call it, it’s synonymous with dollar devaluation and you best be saving in something other than dollars if you hope to come out the other side unscathed.Can “It” Happen Here? Oct 17th, 2011 News By John Mauldin15-Oct (JohnMauldin.com) — I was inspired for this week’s letter by a piece by Art Cashin (whom I will get to have dinner with Monday). His daily letter always begins with an anecdote from history. Yesterday it was about Weimar, told in his own inimitable style. So without any edits, class will commence, with Professor Cashin at the chalk board.[Cashin's recounting of the nightmare German inflation, which we posted last week.]…”,  Full moon October 10-14, 2011 … I’ve examined the weekly results for the global markets … Conclusion: The global euphoria, irrational exuberance in the financial markets worldwide, courtesy of the blazing full moon October 10-14, 2011 ; and yes, the lunacy once the exclusive province of fraudulent wall street is now a global phenomenon (10th near full beginning, 14th near full ending). ,  The More Government Spends, The Worse It Gets  , Balance Of Fundamentals Will Continue To Weigh On Market  ,   ECRI Recession Watch: Growth Index Declines Further  http://www.bullseyemicrocaps.com/?p=11699  By Doug Short: The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) has posted 10 consecutive declines since early August. Early last week, ECRI notified clients that the U.S. economy is indeed tipping into a new recession. And there’s nothing that policy makers can do to head it off , US budget gap widens, tops $1 trln for 3rd year Reuters ,  A New S&P 500 Low Still Awaits Us  Minyanville  Erik Swarts Oct 13, 2011 ‘Watch the SPX as the market comes to terms with the continuing crisis in Europe , America's Lost Decade Will Last Until 2016 [ This is extremely optimistic! ] Forbes Lenzner , Harrisburg, Pa Files for Bankruptcy: Is Meredith Whitney Right? [ Short anwer: Yes! ]  Peter Gorenstein , The Structural Challenges Facing Muni Bonds  Minyanville , IRS Auditing How GOOGLE Shifted Profits Offshore to Avoid Taxes Bloomberg , Europe eyes bigger Greek losses for banks , Markets Are Dealing With a Foreboding Financial Backdrop  Minyanville   Lee Adler Oct 12, 2011 ‘..especially, why have they been frantically dumping their corporate holdings since June? http://image.minyanville.com/assets/FCK_Jan2011/Image/October11/12/la10122.JPG Something is rotten here. These are signs of major systemic stress.. This may be one of those times, and it's not a happy picture..’ , Double-Dip Recession a Foregone Conclusion: Roubini Oct 11th, 2011 News (CNBC) — ‘The world’s advanced economies are headed for a second recession, regardless of whether there is further chaos in Europe, Nouriel Roubini told CNBC on Tuesday. The economist who correctly predicted the 2008 financial crisis…’, Slovakia votes down eurozone bailout expansion plans Oct 11th, 2011 News (BBC) , Euro About to Dissolve? Oct 11th, 2011 News Patrick A. Heller (NumisMaster) — “This is the most serious financial crisis we’ve seen, at least since the 1930s, if not ever., ROUBINI: The Recession Is Guaranteed, The Only Question Now Is How Bad It Will Be Business Insider | Nouriel Roubini sees bad times ahead for the economy. , Nobel Prize Winning Economist Who Supports Wall Street Protests SLAMS the Federal Reserve Washington’s Blog | Nobel prize winning economist Joe Stiglitz – like many other high-level economists – supports the “Occupy Wall Street” protests.  Graham Summers Weekly Market Forecast (Dexia Now... Who's Next? Edition)    http://www.zerohedge.com/contributed/graham-summers-weekly-market-forecast-dexia-now-whos-next-edition THIS BEAR MARKET IS NOWHERE NEAR OVER. , We Are Still Early In This Bear Phase   http://www.bullseyemicrocaps.com/?p=10478  Roger Nusbaum  Stocks Surge On New Promises From European Leaders, Dow Adds 300 Points  [ Come on! Wake up! Two desperate, failed politicians who haven’t the slightest idea what they’re doing; certainly in the areas of finance and economics. Indeed, they’ve borrowed from a page in the fraudulent wall street / defacto bankrupt american book of failure and fraud in banging ‘square pegs in round holes’ along with nation-draining fraudulent obfuscation with b***s*** alone that hearkens back to that ’Weimar dollar’ era that was precursor to and inevitably led to the inflationary / no real value collapse now underway as is already the scenario in america. How totally desperate and pathetic they are. This is cheered by the wall street types / frauds to enable them to favorably  cash out. Take your profits while you still can, protect yourself while you still can, this fraud – induced collapse is just beginning. New ‘promises’! Currency-debased high inflation rally!  What a joke they’ve become! ]   “The Prevailing Debate Among Economists and Historians is Whether the World Economy Faces the ‘Great’ Depression of the 1930s or the ‘Long’ Depression of the 1870s” Washington’s Blog | Economists Agree: We’re In a Depression.  Fitch cuts Italy, Spain ratings; outlook negative , Wall Street vs Reality: A Hopeless Tug-of-War?  http://symmetrycapital.net/index.php/blog/2011/10/wall-street-vs-reality-a-hopeless-tug-of-war  Are Wall Street strategists living in a bubble? [ The short answer is, ‘YES’! The long answer is your work is quite (closer to) correct (and worse when dollar debasement is factored in).]  According to our work, credit market, demographic, and leading economic  indicators are all pointing to a level of between 800 and 1,000 for the S&P 500 between now and 2012-2013.   Hold Your Enthusiasm ... This Is Still A Bear Market Rally    http://www.bullfax.com/?q=node-hold-your-enthusiasm-still-bear-market-rally, 10/06/2011 ,  Yield Spread Confirming Recession Call http://www.zerohedge.com/news/guest-post-yield-spread-confirming-recession-call ,  U.S. stocks' massive "melt-up" fans investor fears Reuters October 5, 2011, By Edward Krudy NEW YORK (Reuters) - In less than one hour on Tuesday, the U.S. stock market surged by 4 percent -- for no apparent reason ,  Play It Again Sam: 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. 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  ( 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 .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..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..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ )( ,  6 Reasons a Global Recession is Unavoidable  Ron DeLegge, October 5, 2011, Dem.lautenberg’s jersey based ADP helps the desperate dem’s cause with 100% better than expected (false) private sector jobs report (Announced U.S. Job Cuts Rise 212% From Year Ago Bloomberg) , Gabriel Wisdom to Frank Motek of 1070amBus.Rept. says this is a bear market and we’ll see market lows in 2012. [video] Nervously Eyeing 50% RetracementTheStreet.com Mark Newton , Moody's Downgrades Italy By Three Notches The Wall Street Journal ,  Greek Bailout May Include Larger Writedowns for Private InvestorsWall St. Cheat Sheet . Enormous, last hour 370+ point upside suckers’ rally into the close based on b***s***, rumour (more ‘good money after bad’ bailout goin’ greek in the eu zone), nothing at all (pushed a button, ran a buy program?) to suck suckers in and keep suckers sucked in based upon as previously questionable if not outright fake, ‘upward-revised’ (based on inflation-spiked price increases at best) data also, ‘the data don’t distinguish between Americans who stop receiving benefits because they find jobs and those who fall off the unemployment rolls because their benefits expire- WSCS THE GREATEST SHOW ON EARTH  September 29, 2011   http://www.etfdigest.com ‘…Algos jumped on the headlines which is what they’re programmed to do. They don’t look under the hood for details since given their momentary focus, “facts don’t matter”—not at least right away. A closer look inside Jobless Claims data is the consistent revisions for higher previous claims. This makes current reports generally seem better by comparison. Further, the BLS states with this report the significant impact of “seasonal factors” skewing the report…’ ) . [  End of Quarter Price Mark-Ups; Dave’s Daily   http://www.thestreet.com/story/11260606/1/end-of-quarter-price-mark-ups-daves-daily.html  Dave Fry  9-27-11 ‘All you need do is view the last week of June 2011, the previous quarter end, and you'll note a similar quarter end jam-job…’ ,  Bernanke calls unemployment a ‘national crisis’   28 Sep 2011 Fed chief Ben Bernanke said Wednesday that the nation’s weak labor market was “a national crisis” - Duh! No-recession-wall-street-lovin’-helicopter ben’s … done it again! … brilliant description of unfortunately what already is thanks in large part to his wall (fraud) street largess / welfare in the form of QE’s, etc. , Prepare for Lehman Brothers Part 2   ,  Arguments for Being in the Crash Camp   Conor Sen Sep 28, 2011  ,  Now's Not the Time to Take on Equity Market Exposure at Minyanville Erik Swarts Sep 28, 2011 ,  [video]Buying on Rumor - Prepare For The Selling On NewsTheStreet.com TV  , Roubini: U.S. in Throes of Economic Contraction Sep 27th, 2011 News (Bloomberg) , SHILLER: House Prices Probably Won’t Hit Bottom For Years Sep 27th, 2011  News (BusinessInsider) , Split opens over Greek bail-out terms Sep 27th, 2011(Financial Times) ,   The familiar fraud/pattern of end-of-month/quarter window dressing b***s*** story of ‘hopes’ (ie., americanized funny-money fraud in the eurozone, etc.) from the frauds on wall street …  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..’   , despite the reality of bad news , New home sales hit 6-month low, prices drop , Euro zone damps talk of rapid debt crisis steps , On the Lookout for a Red October Minyanville ‘ … Aside from history, if we take a look at the global environment, there are a handful of things suggesting that we will experience a turbulent October…’  ,    Suckers’ rally into the close to suck suckers in and keep suckers sucked in based on lingering hopes for unaffordably damaging funny money / QE ultimately taxpayer funded / borne bailout / welfare for these fraudulent ‘titans of capitalism’ on wall street, viz., nothing whatsoever ( watch for their fraudulent / illegal end of month/quarter window dressing )  , and bad news (  Soros: US Is Already in Double-Dip Recession CNBC.com  ,   Stocks: Don't Get All Comfortable Just Yet WS /Conway ,  Stocks Endure Worst Five-Day Slamming Since '08, Still On Edge About Greece Forbes , More Pain Is Coming To Equities  http://regator.com/p/253227580/more_pain_is_coming_to_equities  Penguin Capital Markets , David Cameron: world on brink of new economic crisis London Telegraph , Every Age Group Is Getting Poorer In America, Except For One Advisor Perspectives , Global economy pushed to the brink Sep 23rd, 2011 News Financial Times , European and US Economies Teetering on Weak Policy, Leadership Minyanville Kerr , Moody's downgrades 8 Greek banks (AP)  ,   Signs The Perfect Economic Storm Is Coming  http://www.bullfax.com/?q=node-signs-perfect-economic-storm-coming  ,   America’s debt woe is worse than Greece’s Sep 21st, 2011 News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks. Social Security can no longer afford to send us our annual benefit statements. The House can no longer afford its congressional pages. The Pentagon can no longer afford the pension and health care benefits of retired service members. NASA is no longer planning a manned mission to Mars. We’re broke for a reason. We’ve spent six decades accumulating a huge official debt (U.S. Treasury bills and bonds) and vastly larger unofficial debts to pay for Social Security, Medicare, and Medicaid benefits to today’s and tomorrow’s 100 million-plus retirees. The government’s total indebtedness — its fiscal gap — now stands at $211 trillion, by my arithmetic. [source]’  ,  $16 muffins, $8 coffee served in Justice audit , Market Recap: FOMC Announces Operation Twist, Banks Tumble, Investors Flee Sovereign Debt Wall St. Cheat Sheet September 21, 2011, Wall Street sinks 3 percent after Fed cites economic "risks"  NEW YORK (Reuters)  ,   Moody's downgrades big banks on changed policy  ,  Italy downgraded, IMF says Europe behind the curve  Reuters  ,  IMF downgrades outlook for US and Europe economies [Sep 20, 2011] ... Fund has sharply downgraded its outlook for the U.S. economy through 2012 ...  http://finance.yahoo.com/news/IMF-downgrades-outlook-for-US-apf-1240337037.html?x=0 much worse than expected:  Market Recap: S&P Downgrades Italy, Housing Starts Tumble, Markets Wait on funny-money no-recession ben bernanke   Wall St Cheat Sheet ,   IMF Downgrades Global Economic Outlook  ,  Drudgereport: IMF WARNS: INTO THE DANGER ZONE... ...warns of USA 'lost decade'  ,  New High: 37% Say Their Home Is Worth Less Than Remaining Mortgage Payments Rasmussen  ,  30 Signs That The U.S. Economy Is About To Go Into The Toilet The Economic Collapse  ,  A Fed IOER Cut Could Backfire on Banks, Warns Pimco  ,   3 Reasons Markets Were Up As Central Banks Stepped in to Boost Dollar Liquidity in European Banks Wall St. Cheat Sheet Today the Department of Labor announced that consumer prices had climbed twice what economists had predicted in August, while initial jobless claims jumped last week to their highest level since June. The Federal Reserve Bank of New York’s report on manufacturing in the region contracted more than expected in September, while its general economic index dropped to its weakest reading since November 2010, indicating that companies in the region covered by the New York Fed’s manufacturing index are cutting back. The consumer-price report also showed that hourly earnings fell in August in their biggest one-month decline since July 2008, while the cost of energy, food, healthcare, and shelter all rose.‘ ,   David Rosenberg: “It’s Time To Start Calling This For What It Is: A Modern Day Depression” Zero Hedge ,  Geithner: Economy In “An Early Stage” Of Crisis  ,  Flat retail sales keeps U.S. on recession watch ) fraud  / manipulated programmed hft (high frequency trades – see, ie.,  What to Expect Next From the Markets , Dave’s Daily, infra ) and b***s*** alone! [ Stock Market Secret Word of the Day Is 'Delusion' WSJ  ,  watch for fake data / reports out of their sheer desperation  ,  ‘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 , Minyanville's T3 Daily Recap: Market Squeeze Continues, But Was it a Trap?  By T3Live.com ‘Today's action … another clever ploy to suck in longs while relieving some of the oversold condition of the market’  ,  Don't Trust Wall Street and this Market  ETFguide ,  Congress budget agency warns panel of economic ills  ,  Nearly 1 in 6 Americans in poverty, Census says  ,  Cisco cuts long-term sales growth forecast  ,  International alarm over euro zone crisis grows  ,  Why Can't Wall Street Be Honest With The Public? Forbes  ,  Venture capital veteran Perkins sees danger ahead  , These Wall Street Firms are About to Start Firing People Like Crazy  ,   Same Alan Greenspan Who Warned Against Budget Surplus Now Warns About Deficit  ,  ETF Redemptions Highest Since 2008: Report ETF Trends , 20 Signs Of Imminent Financial Collapse In Europe The Economic Collapse ,  The 2nd Edge Of Modern Financial Repression: Manipulating Inflation Indexes To Steal From Retirees & Public Workers Gold Seek  Lawless America: 20 Examples Of Desperate People Doing Desperate Things The American Dream  ,  Poverty In America: A Special Report The Economic Collapse | America is getting poorer.  How Greece Is Mocking the Rest of the World  [ Well, let’s get real here! There’s plenty to mock in this world, and Greece is hardly the nation to be doing the mocking. I think it’s the markets that are mocking the rest of the world’s stupidity for buying into this false reality / obfuscation / fraud, particularly by way of the now pervasive worldwide acceptance of the american strategy of currency debasement which really is a fraud facilitator because it masks to all but the intelligent few the underlying economic weakness and decline. A simplistic example, though not perfect, is apropos here: a company sells a product for 1 dollar which costs 1 dollar to make (assuming arguendo to cover fixed expenses - no profit). The fed over-printing / creating dollars like mad to the point where it now takes 2 dollars to render the same purchasing power of  1 dollar when the goods were produced. The company sells the products for 2 dollars (the previous equivalent of 1 dollar before debasement). The company is now showing earnings 1 dollar per unit sold, yet in real terms, they’ve gotten no more than the equivalent of that 1 dollar per unit. (If you’ve been to the grocery store lately, particularly the last 1-2 months, I’ve found meats, etc., to be up 50-100%, etc.). The same obfuscating manipulations are applicable to assets generally, and to those pieces of paper called stocks which are even ‘worse for the wear’ since churn-and-earn commissions at lightning computerized speed are being subtracted from this illusory ‘enhanced value’ which in reality doesn’t exist at all. ( Such manipulations from currency translation also provide ‘arbitrage opportunities’ though similarly largely ultimately subtracted from no real value being created. ) This is why fraudulent wall street loves the fed’s QE’s and dollar debasement / over-printing / creating and also why it’s been a dismal failure and a net negative in real economic terms as seen on main street and in the decimation of the middle class and growing ranks of the poor. In the analysis of securities, this would be considered ‘the quality of earnings factor’ that goes into the assignment of a p/e multiple to the projected earnings. Sufficeth to say, this is no longer done on wall street in any real or legitimate fashion, if at all. Indeed, it’s a fair statement to say that security analysis is no longer a ‘practice’ as same was considered, once upon a time, by value investors / analysts. As set forth by Dave and Cooper, infra, computerized programmed manipulation at lightning speed has been expedient in the short run for the wall street frauds but ultimately leads to the inevitable crash since as I often reiterate: 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’. What to Expect Next From the Markets Minyanville  Jeffrey Cooper ‘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, Amazon, Baidu, IBM, and Caterpillar { Apple Hits New High (Update1) [ 9-19-11 This manipulated programmed trade to froth markets is a crash in the making – sell at these ridiculous levels / take profits! },  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..’] Simon Maierhofer,September 16, 2011, ‘Webster's dictionary defines gullible as naive and easily duped or cheated'…’
    


 

 

Art Cashin On The Most Important History Lesson Of The Last Century Oct 13th, 2011 08:40 by News  ZeroHedge) — Today, instead of the traditional market observations by the Chairman of the Fermentation Committee, we share with readers a critical historical lesson from Art Cashin, focusing on an event that took place 89 years ago, which as Cashin says “one of the most devastating economic events in recorded history and an important backdrop to Europe today. It all began with the efforts of a few, well intentioned government officials.” Many will know what we are talking about already…Originally, on this day (-2) in 1922, the German Central Bank and the German Treasury took an inevitable step in a process which had begun with their previous effort to “jump start” a stagnant economy. Many months earlier they had decided that what was needed was easier money. Their initial efforts brought little response. So, using the governmental “more is better” theory they simply created more and more money. But economic stagnation continued and so did the money growth. They kept making money more available. No reaction. Then, suddenly prices began to explode unbelievably (but, perversely, not business activity).[source] PG View: The hyperinflation of the Weimar Republic is unquestionably Germany’s defining economic moment, much like the Great Depression is ours. It goes a long way toward explaining why Germany continues to balk at further bailouts, leveraging, bond buying and expansive liquidity measures; they understandably fear the inflation. Keynsian thinking says governments should be printing and spending like mad in the face of grim growth prospects and an impending banking crisis, but German’s recall all-to readily that when über-easy monetary policy gets out of control, things can go from bad to catastrophic in a heartbeat. Cashin’s piece is indeed an important history lesson we all should take heed of. For further insight into the Weimar hyperinflation, be sure to read The Nightmare German Inflation. Previous:The latest b***s*** story into the close is ‘rich’, but not as in wealthy. One interviewee / pundit even preposterously referred to the ‘Marco Polo effect’, viz., that communist China’s rumored to be about to save one of the PIIGS, italy … but who’s going to save communist china … really … some very bad karma for communist china just ‘round the corner! Don’t forget, the market’s rallied literally many hundreds of points owing to that spin / b***s*** called the ‘euro solution’, etc., which of course, never existed in reality, but great ‘fraud’ points (that computerized hf commissioned churn-and-earn, up and down, get you now and get you later). Then the so-called ‘technical support’ levels … based on much worse than spun fundamentals / reality. It’s the other way around, fools … fundamentals create technical support levels, not vice versa. Unprecedented Monthly Volume Sell-Off Suggests Now's the Time to Take Shelter at Minyanville Kevin A. Tuttle Sep 12, 2011  ,  Preparing for a Credit Crisis at Minyanville  John Mauldin  ,  What's the Long-Term Outlook for Stocks and The Economy? ETFguide   Simon Maierhofer, September 12, 2011  ,    ]     Prepare For Recession And Bear Market at Forbes Sy Harding, ‘Brace yourself for a recession ,  Senate (Quietly) Approves $500 Billion Increase in Borrowing Authority Sep 9th, 2011 by News (WSJ Blogs) PG View: Shhhhh. Don’t tell anyone, but we blew through that initial $400 bln debt ceiling hike in about a month /  Europe on the Verge of a Political Breakdown News , 4 Bearish Mega Trends  Simon Maierhofer / S&P 1,100 And Lower - More Likely Than you Think  , STOCKS DEMOLISHED, EUROPE NEAR BREAKING POINT: Here's What You Need To Know Business Insider , Ominous Bear Flag Pattern Suggests S&P 500 At 1,000  Scott Redler ,Keep in mind the  ‘r’ word (‘recession’- actually should be ‘d’ word for depression) subtracting out the understated inflationary price increases (deflating growth with realistic inflation deflator), we’re already there (– see, Burt Dohmen, Financial Crisis Phase II Is Ahead at Forbes, infra)           7 Reasons Why New Lows are Likely  ETF Guide   ,  Albert Edwards Has Another Reason You Should Worry About Profits The Wall Street Journal, Mark Gongloff   ,   Chart Shock: The REAL Unemployment Rate Is 22% The Daily Bail September 2, 2011 ,  Deja Vu All Over Again: Total US Debt Passes Debt Ceiling… In Under One Month Since Extension  Sep 2nd, 2011 News (ZeroHedge)  ,   Global Recession: Right Here, Right Now at Minyanville  Mike Shedlock Sep 02, 2011  ,    Fearing An Even Worse Inflationary Depression Ahead Bob Chapman | The debauching of currencies worldwide goes on with great abandon. Previous: Typical (suckers’ rally into the close on still lingering hopes for more fed funny money that’s a detriment / negative to all but the frauds on wall street and has been a dismal policy failure) window-dressed end of month based on bad news, fraud, and b***s*** alone – watch for fake data / reports out of their sheer desperation  ,  Beware Dow In September: Do You Believe The Data?   [ NO! I DON’T BELIEVE THE GOVERNMENT DATA ( Famed economist predicts economic calamity in 2012x   http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1    , NOR DO I BELIEVE THE NON-GOVERNMENT DATA (Accounting Gimmics Resurface as Growth Flounders at TheStreet Rebekah Smith, infra)  ,   Global Recession Likely, Depression Possible: Economist  Aug 31st, 2011 by News (CNBC)  ,    Ignore Buffett's Advice, Don't Buy Stocks Forbes /  Dohmen , The "Crimes" That Wrecked The Markets  Forbes / Lenzner  ,  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...’  , 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)  ,  End Of Cycle Smelling Like Dow 3K, Gold 3K  Forbes /  Bill Bonner   ,  No Recession Coming ... It's Already Here   , 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…’ ,  NOR DO I BELIEVE THE NON-GOVERNMENT DATA (Accounting Gimmics Resurface as Growth Flounders at TheStreet Rebekah Smith) at this point of abounding desperation for both. ] Murray Coleman ‘If you believe in seasonal factors, betting on the Dow Jones Industrial Average ETF (DIA) wouldn’t seem like the best play about this time of year. Over the past 100 years, the Dow itself has averaged a drop of 0.8% in September, according to Bespoke Investment Group. Over the last 50 years, the Dow has averaged a fall of 0.79%; in the past 20 years the benchmark has typically dropped by 0.60% during the month…’  

 

 

Obama's Legacy: A Failed Recovery & Double-Dip Recession  Forbes / Mariotti  ‘…There will be no significant recovery in the United States of America while Barack Obama is President.  The evidence is overwhelming:  everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed.  Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each.  Nearly 2-1/2 million fewer Americans have jobs than before the stimulus. Barack Obama has been President for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.  He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW.  His broken campaign promises are too numerous to list.  At some point, his statute of limitations on blaming Bush runs out…’   ,   The Bear Market Rally Has Begun at Minyanville   Toby Connor Aug 30, 2011 ‘…Investors need to be prepared. This is going to be a very, very convincing rally. The tendency is going to be to buy into the media hype -- that this was nothing more than a severe correction in an ongoing bull market. This was not a correction. This was the first leg down in a new cyclical (secular) bear market. And like all bear markets it will be subject to violent countertrend rallies that toy with traders' emotions, and ultimately cause investors to ride the bear all the way to the bottom…’    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..’)   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/cpmforumLate 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

 

 

 

 

 

The Worldwide Depression/Recession Of 2012  Econophile 12/08/11  ‘This article originally appeared in the Daily Capitalist.

In case you haven't noticed, the rest of the world continues to slow down and the negative data is accelerating. The big powerhouses of the world, the eurozone including Germany, Japan, and China are leading this trend and there is no reason to believe that the U.S. will not follow.

I've been writing about this theme frequently lately because, while we are seeing some positive numbers here in the U.S., we are also seeing signs of weakness starting to show up, and since we live in a world of international trade, the world's woes will hit us.

The first thing to note about this phenomenon is that the central banks of the world, including the Fed, have been doing all they can to support their economies with plentiful money. According to a recent Bloomberg article, "Central banks across five continents are undertaking the broadest reduction in borrowing costs since 2009 to avert a global economic slump stemming from Europe’s sovereign-debt turmoil."

Monetary easing will push the average worldwide central bank interest rate, weighted for gross domestic product, to 1.79 percent by next June from 2.16 percent in September, the largest drop in two years, according to data and projections from JPMorgan, which tracks 31 central banks. The number of those banks loosening credit is the most since the third quarter of 2009, when 15 institutions cut rates, the data show. ...

 

The People’s Bank of China has raised its main interest rate three times this year to fight inflation. India’s central bank lifted rates on Oct. 25 by a quarter of a percentage point, while signaling it was nearing the end of its record cycle of increases as the economy cooled.

This is nothing new. Since the Crash of 2008, most central banks have been pumping fiat money into their economies.

The multiple EU sovereign insolvencies—you don't need to default to be insolvent—are hitting eurozone credit hard, which is a trigger for deflation as money supply declines. Lenders are stuck with bad sovereign loans and there isn't enough money to bail them all out, much less the PIIGS.

The thing to remember about the eurozone is that it's not just sovereign insolvencies that is their problem. They became insolvent, yes because governments spent too much, but also because their economies are in the tank mainly for many of the same reasons the U.S. economy declined (money inflation boom, high debt/spending, housing market collapse triggering depression, high taxes and regulation, and various bailouts to prevent recovery). Until they fix the underlying causes, their banks will collapse and countries will default.

China's economy relies on the West for its exports, and as a result:

China's frequent monetary stimulus, along with government real estate policies, keeps feeding their real estate boom-bust cycles.

Once you look at the data, below, you will see where we and the world are headed. 

While these economies are shrinking, demand for commodities, capital goods, and manufactured goods all decline. This is impacting commodity prices; they have been falling since this summer (mainly a supply-demand factor, not just a money deflation issue). Each country/zone will have a different reaction to all this. Most will continue to inflate ("print" money).

Money printing will have little impact on declining prices for the time being. Unless they panic. If they panic, that is, massively pump money, they will suffer from price inflation. China will have more booms and the eurozone will also stagnate as well. Japan will continue to go "Japanese", and depending on what the Fed does, it is likely we'll go Japanese as well.

Here is what it looks like:

 

http://dailycapitalist.com/wp-content/uploads/2011/12/Markit-JPM-Global-Main-PMI-Regional-Nov-2011.png

 

http://dailycapitalist.com/wp-content/uploads/2011/12/KMPG_Market-Wordwide-Regional-PMI-Nov-2011.png

 

http://dailycapitalist.com/wp-content/uploads/2011/12/Markit-HSBC-China-PMI-Germany-Composite-Nov-2011.png

 

http://dailycapitalist.com/wp-content/uploads/2011/12/Markit-Eurozone-PMI-GDP-Input-prices-Nov-2011.png


N.B. The word "depression" frightens a lot of people. It should. But, we are in one now. Our leaders just invented the word "recession" to take our minds off what's really happening. Murray Rothbard in his book, America's Great Depression noted that when the economy crashed again in 1937, FDR and his advisers didn't want to use the "D" word so they came up with "recession." Until that time there were no "recessions." Now a "recession" is just a mini-depression. Since we, in my opinion, have not yet recovered from the Crash of 2008, we are in a depression. Just ask the 25 million Americans who either don't have a job, can't find one, stopped looking, or are working part-time because they can't find full-time work. Just ask the 24% of home owners whose homes are financially underwater.’

 

 

 

Are Dim Sum Bonds The Next Chinese Reverse Merger Fraud?While Draghi somewhat shut the door on the ECB being the lender of last resort today, there appears to be a sucker-of-last-resort where Dim Sum bonds (offshore/HK Yuan-denominated bonds) have seen issuance almost triple in the first 11 months of the year. The WSJ is reporting that 76 entities issued CNY99.1bn YTD, according to the Hong Kong Monetary Authority. Interestingly, the biggest growth in the second half of the year has been from European firms who are unable to raise funds economically due to the crisis of confidence at home. Bloomberg notes BMW and Lloyds as two recent issuers with the latter managing to price CNY-denominated 3Y debt at 3.6% yield against comparable EUR-denominated debt at 5.3% - quite a saving if you're willing to take the currency risk (or looking for non-Euro, non-USD diversification) as a corporate Treasurer (or desperate for the money). But for the bulk of Chinese issuers it would seem evident that the Dim Sum investors are perhaps a little too eager to be lending their Yuan, and therefore not being appropriately compensated for credit risk concerns (even with the implicit FX revaluation bet).This fear is even more prescient when, according to Bloomberg, one considers that 60% of Asia's fastest growing bond market lack any of the standard leverage covenant restrictions (protection) that Western bondholders are used to. And just to add some more fuel to the rising yield fire of these bonds, Bloomberg just reported that eager bondholders are more than willing (and blind to the risks) to accept one-off payments from issuers in order to accept significant covenant concessions (completely disregarding the credit risks through time). Our Dim Sum index has seen average yields jump a significant 70bps to 3.31% since mid-September leading us to raise concerns that this market, on which ETFs are now being created, is worryingly exposed to both a systemic Chinese credit crunch and idiosyncratic releveraging even if managers view Dim Sum as more of a currency play.

 

 

Risk Assets Deteriorating Rapidly On Europe's SNAFU

UPDATE: Gold and Silver just dropped more aggressively

Since the news broke that there is no 27-nation agreement, risk markets are showing strains. Perhaps a little surprising is the lack of total panic in the EURUSD (50pips or so) as ES (the e-mini S&P 500) has now dropped almost 1% from its after-hours peak. Broadly speaking risk is off across the major markets with US TSYs rallying, the TSY curve flattening, and commodities rolling over (oil under $98) but it is AUD and the carry pairs that are driving ES down as much as anything else.

 

And Scene: Europe Agrees To Disagree, Next Summit Date Set For March 2012 As David Cameron Kills CompromiseNot the headlines Gollum van Rompuy needed at 3:30 am CET, when he was scheduled to have a press conference:

Translation: tomorrow's summit is as of now an epic failure. As for the Eurozone lasting through January 1 of 2012, let alone March... good luck.

 

 

Was Seth Klarman Just Exposed As Bank Of America's Biggest Short (And A Covert MBIA Long?)While we have extensively covered the blood feud between Bank of America, and its archnemeis, the mysteriously titled Walnut Place in the past (see here and here and here and here and most importantly here) which just happens to be the entity that successfully scuttled Bank of America's "proposed" $8.5 billion settlement with a bevy of so called litigants (among which BlackRock, PIMCO and the New York Fed for god's sake - the very entities who survival depends on BAC's continued existence) who in realty were merely subversive agents seeking to settle $424 billion in misrepresented mortgage CFC trusts just so the status quo would not be impaired, we never asked one simple question: just who is Walnut Place? Now, courtesy of Reuters, we know, and the revelation is quite stunning, because it means that the person who potentially has the biggest short in Bank of America either via equity or CDS (which do not have to be publicly desclosed) is the legendary head of Baupost: Seth Klarman. Reuters reports: "Walnut Place, a group of undisclosed investors who oppose Bank of America Corp's $8.5 billion mortgage bond settlement, is the Baupost Group, a distressed debt fund, according to an attorney for the bank. "Walnut Place is actually a made up name," Theodore Mirvis, an attorney with Wachtell, Lipton, Rosen & Katz who represents Bank of America, said at a hearing in New York state Supreme Court Thursday. The "real" firm, which sued Bank of America and Bank of New York Mellon BKNYK.UL, as trustee, over mortgage-backed securities trusts is Baupost -- "known as a distressed debt or sometimes a vulture fund," Mirvis said." As a reminder, Baupost is one of the world's biggest hedge funds at $23 billion, and unlike other fly-by-night one hit wonders, is not down 47% YTD. In fact, the mere name of Seth Klarman being long or short a stock has typically had a huge impact on the stock price. And since by implication in his continued efforts to destabilize the proposed settlement, Klarman is either short BAC, or long the beneficiaries of ongoing, and successful, litigation such as MBIA, this means that the pain for BAC is about to magnified as the traditional 13F clones jump on board the pair trade, and short BAC while going long MBIA et al (incidentally this is half the thesis that we presented back in September 15, when we said to... go long MBIA and short Bank of America).

 

 

Guest Post: Playing with Tails: The Fundamental Problem of TailsSo I don’t have a good answer for the fundamental problem of tails. But there is an observed regularity in life reflected in the sayings “it is always darkest before dawn” and “where the danger grows, so grows the saving power” to quote Holderlin. And when no one can know the future, and the mechanism governing the future is unstable, anticipation of heightened risk premia warrants a barbell. In financial markets, extreme meltdowns are met by extreme policy reactions. Practically stated, it seems best to play center bets when others do not, and the tails when others do not. After markets price in heightened risk, actively manage the position by lowering exposure to the big gain leg. Move the proceeds to the center or double down on the other tail. Perhaps this is how one should manage tails. Given that the known categories of human experience do not provide adequate predictions, luck dominates control. Nobody has it all figured out. Even when you think you have it all figured out, everything blows up in your face again. We'll never figure it all out. Nobody can predict the future, and we don't have good enough imaginations to dream up every contingency.

 

 

Last Minute Summit Mutiny Threatens The Future Of The Euro; And Why A Wholesale S&P Downgrade Of Europe Will Be Devastating A day when everything that could go wrong for the euro and eurozone has just gotten worse. Hours away from the completion of the summit, whose failure will unleash a nuclear bomb of serial downgrades by S&P (let along expose frauds such as Sarkozy and Olli Rehn who claim, yet again, that the world will end a solution is found), The Telegraph writes that the summit is already in tatters after a rebellion and threats by Finland, Holland and Ireland are poised to scuttle the summit. Louise Armistead reports that 'Finland’s grand committee said decisions made by the ESM – the eurozone’s permanent bail-out fund set for launch in 2012 – had to remain unanimous, and not changed to the “qualified majority” that French president Nicolas Sarkozy and German chancellor Angela Merkel have agreed. The Finns are backed by the Netherlands, which fears proposals to withdraw veto powers from the ESM is an erosion of democracy and would make it vulnerable to funding bail-outs without recourse. Meanwhile, the Irish want to block plans for the “convergence and harmonisation” of the eurozone’s “corporate tax base”. The rebellion is a serious threat to German and French plans to sign treaty changes today along the lines laid out in their joint letter on Wednesday. In it, the leaders said they hoped all 27 European Union countries would sign.' And since this is the only option to bypass a popular vote, the mere thought of which would destroy the Eurozone in a flash, and since Finland and Holland are two of the core funders of the ESM (RIP EFSF), it means that the Greek scheme of playing chicken with the Eurozone, has now been adopted by everyone else in the core. In the meantime, time for the Euro is running out with less than 24 hours left until midnight on Friday, and absent a complete consensus, the summit is as good as dead, something we expected a week ago and were heckled for by Bloomberg TV. Good luck Europe - use those 24 hours wisely.

 

 

Rosenberg On The 8 Areas Of Behavioral Change In 2012It seems the market's psychology has shifted, in its wonderfully temperamental and instantaneous manner, once again as the last great hope of Thomas Lee and his cohorts is removed. What better time than for David Rosenberg, of Gluskin Sheff, in his inimitable way, to introduce his outlook for 2012 in the form of eight behavioral changes that he expects to overwhelm market psychology in the coming months. Political, financial, and economic transitions for the US, Europe, and China respectively will dominate the coming year and as Rosie points out, the ability to recognize change at the margin (such as basis traders in European sovereigns) is going to be critical in 2012. The shift from one of cyclical extrapolation to secular change is always a hard one to navigate and tactical asset allocation will become foremost in most people's minds over longer-term strategic considerations. The global economy will be forced to endure the mother of all deleveraging cycles as we move through 2012 and capital preservation and income must dominate investment strategy as Rosie's 8 themes play out.

 

 

The Misery Continues: Complete November Hedge Fund PerformancePresenting complete hedge fund performance for the month of November and Year to Date. By the looks of things, this will be a year which will not only remain in infamy for hedge fund performance (now that we are just 15 trading days away from the end), but one where about a third of hedge fund will almost certainly be redeemed into extinction.

 

 

 

Hitler Hears About The Collapse Of The EurozoneIt was only a matter of time... Needless to say, this is obviously so wrong on so many levels, but what can you do. At this point the endgame is in play so at least we can all laugh about it.

Fourth Time Is The Charm: Texas Instruments Slashes Outlook... Again

New York Stock Exchange Recession

Just in case anyone thought Texas Instruments was joking the first, second, or even third time previously, here is the company to cement that the feces have really hit the fan, as it has been warning for almost a year contrary to what bleary eyed optimists wanted to believe.

In a scheduled update to its business outlook for the fourth quarter of 2011, Texas Instruments Incorporated (TI) (NYSE: TXN - News) today narrowed and lowered its expected ranges for revenue and earnings per share (EPS).  The reductions are due to broadly lower demand across a wide range of markets, customers and products, except for Wireless applications processors.

 

The company currently expects its financial results to be within the following ranges:

·         Revenue:  $3.19 – 3.33 billion compared with the prior range of $3.26 – 3.54 billion

·         EPS:  $0.21 – 0.25 compared with the prior range of $0.28 – 0.36.

Can one finally say: global recession?

 

 

15 More Days Left For Santa Claus RallyS&P futures fell 3.25% from high (early Draghi) to low (close) on the worst close to close drop in over two weeks as the S&P 500 lost its YTD gains, down almost 2% now. Financials were the clear laggards with the majors crushed. Broad risk assets were in negative mode all day from the moment Draghi slapped traders into reality and lead ES lower and lower. Some late day rumor-denial did little - aside from try and fail to ramp ES back to VWAP - but wherever you look there is blood. Commodities crashed lower - now down 2-3% on the week - but most of the commodity and FX weakness had peaked as Europe closed, and we note that Gold is outperforming other commodities on the week now. It was equities that slowly but surely on a decent volume day in futures (given the roll) leaked lower and lower - now clinging precariously to the edge of the 11/30 4% overnight rampfest levels. Stocks underperformed credit on the day but all ended at the lows/wides as TSYs closed at their low yields of the last 10 days. It seems the implied correlation-VIX divergence signal was flagging caution correctly once again.

 

 

RANsquawk Market Wrap Up - Stocks, Bonds, FX etc. – 08/12/11

 

 

Snapshot Of Pure Lunacy

Germany

This is a snapshot of pure market lunacy.

Not even 20 minutes minutes later:

 

 

Presenting Today's Deux Ex RumorUpdate: And it gets better. Now Dow Jones:

Yet earlier today, none other than Mario Draghi said that loans to the IMF to purchase European bonds would be legally unworkable. Brilliant

With just 30 minutes until the close we were cutting it close to a rumorless, headlineless session. So here is Reuters to the rescue:

And from earlier:

Have fun

 

 

Guest Post: Another Reason for Stocks To Tank In 2012: JobsMarket pundits would have you believe that corporate profits are the driver of stock prices. They're wrong. Ultimately, it is demand for stocks that drive prices. If demand falters for whatever reason (for example, loss of faith in a rigged market), then stocks will decline in price as organic selling pressure (people liquidating positions and accounts for whatever reason, such as paying their mortgage and buying food now that the household is surviving on one shaky income) is a constant that only rises as the economy sheds stable fulltime employment. The Federal Reserve has backstopped the stock market by destroying every other source of yield via zero-interest rates (ZIRP), effectively pushing anyone seeking a yield into long-term Treasury bonds or "risk-on" assets such as stocks and junk-rated corporate bonds. But Fed manipulation cannot overcome the much larger forces of demographics and employment for long. Despite all the brave talk of the manipulators on the Board of the Federal Reserve, they've run out of manipulative tricks. With interest rates already near zero, their most basic toolbox is empty. Now they're reduced to bleating about all the phantom tools in their possession and playing around with long-term bond yields and mortgage rates-- interventions that cannot possibly create jobs or organic (i.e. real, unmanipulated) demand for stocks and housing.

 

 

 

 

 

 

 

 

US Economic Recovery Tests Patience and Faith Dec 8th, 2011 (CNBC) — After three years of watching the U.S. economy sputter along at stall speed, it seems long overdue to start revving up.Don’t bet on it.There’s been plenty of debate over the past few years: has the U.S. Federal Reserve been doing too much or not enough to revive the economy; did the $787 billion government stimulus package help, or was it a waste of money; is a double-dip recession in the wings; should we be worried about inflation or deflation; is Washington killing the economy with regulation or is business simply gun shy; is tight lending because of a lack of demand, cautious banks, tougher regulations, or all of the above?The answers almost don’t matter when the upshot is that the current recovery is poised to be long and painful.[source]

 

Europe Must Swallow ‘Bitter Pill’ Dec 8th, 2011 (CNBC) — Fiscal transfers from Germany to other countries in the euro zone will be essential to resolving the euro zone debt crisis in the long term, Erik Britton, director at Fathom Consulting told CNBC.“What needs to happen is the bitter pill needs to be swallowed. In particular Germany needs to accept the need for a fiscal transfer from itself to other countries in the euro area,” Britton said.He said the transfer would need to be large and continue for an indefinite period to be effective.[source]PG View: I can hear the German’s gagging already…

 

Gold Slips on Disappointment Over ECB Moves Dec 8th, 2011 (The Wall Street Journal) — Gold slumped as investors sought safety in the U.S. dollar after the European Central Bank’s latest efforts to shore up the euro-zone financial system fell short of market hopes.The contract for December delivery fell $31.10, or 1.8%, to settle at $1,709.80 a troy ounce on the Comex division of the New York Mercantile Exchange, the lowest settlement since Nov. 25.Futures climbed early Thursday after the ECB cut its benchmark interest rate and announced a new set of crisis-fighting measures, steps viewed as easing the risk of a credit crunch in the currency union.But gold gave up those gains after ECB President Mario Draghi said at a news conference that the central bank wouldn’t buy unlimited quantities of the debt of distressed European countries. Mr. Draghi also said the ECB would respect a treaty that prevents it from giving monetary financing to governments.…In the long term, the ECB’s moves could be supportive to gold prices, analysts said.[source]

 

Operation Twist Part 2: New York Fed sells $8.630 billion in Treasury coupons with a maturity range of 03/15/2012 – 09/30/2012. Dec 8th, 2011 15:28 by News

 

MARKET SOURCES REPORT BIS, BOE & FEDERAL RESERVE WERE SELLING GOLD AFTER IT POPPED TO SESSION HIGH AT GMT 1335 -MNI NEWS via BLOOMBERG

Dec 8th, 2011 13:17 by News

 

#OperationTwist: New York Fed purchases $4.617 billion in Treasury coupons with a maturity range of 02/15/2020 – 11/15/2021.

Dec 8th, 2011 10:40 by News

 

Banks step up gold lending for dollars Dec 8th, 2011 (Finacial Times) — A dash for cash by European banks in a little watched corner of the gold market has accelerated this week, highlighting the continued scarcity of dollar funding even after a co-ordinated intervention in the market by the world’s largest central banks.Gold dealers said that banks – primarily based in France and Italy – had been actively lending gold in the market in exchange for dollars in the past week.The rush has pushed gold leasing rates – the implied interest rate for lending gold in the market in exchange for dollars – to record lows, according to Thomson Reuters data.…Edel Tully, precious metals analyst at UBS, said banks were “looking to offload metal either for balance sheet reasons or funding – or both”.[source]

 

Draghi Announces New ECB Crisis Moves Dec 8th, 2011 (The Wall Street Jouornal) — The European Central Bank embarked Thursday on a series of unconventional measures in a step to fight the euro-zone’s debt crisis.At a regular press conference following the bank’s monthly rate-setting meeting, new President Mario Draghi unveiled the measures: two new operations offering unlimited 36-month credit to euro-zone banks, a cut in the reserve requirement for commercial banks to 1% from 2% and the loosening of collateral requirements for ECB loans.“This will free up liquidity,” Mr. Draghi said.The new refinancing operations are the longest ever from the ECB. The new facility will first be offered Dec. 21 and will replace the 12-month operation that was to be offered the same date.[source]

 

Morning Snapshot Dec 8th, 2011 (USAGOLD) — It’s been a busy morning already. Central bank action has been pretty much as expected. The BoE held steady on both rates and its asset purchases. The ECB cut the refi rate by 25 bp back to a record low 1.00%, in-line with expectations.ECB President Mario Draghi began the press conference by announcing a number of new temporary “non-standard” measures aimed at juicing liquidity: The central bank will conduct two LTRO’s with 36-month maturities (the market had been expecting 24-month repos). They will ease collateral requirements on ECB loans, and halve the reserve requirements for commercial banks from 2% to 1%.The euro, stocks and gold all liked the news initially, with the yellow metal moving within $10 of last week’s high at 1762.70. However, Draghi kept talking…The ECB lowered its growth forecast while simultaneously raising the inflation outlook. Draghi also severely tempered expectations of further ECB bond buying and then proceeded to shoot down the recurring rumor about the ECB lending money to the IMF so they could in turn buy eurozone bonds.Let’s be honest here, additional liquidity measures are all well and good, but what the market really wanted to hear was that by hook or by crook the ECB was going to launch real quantitative easing measures. With such hopes largely dashed by Draghi, the euro, stocks and gold collapsed back into their respective ranges.On the bright side; US initial jobless claims came in at a 9-month low of 381k for the week ended 03-Dec, versus an upward revised (they all get revised higher) 404k in the previous week.As for entertainment, Jon Corzine, the former CEO of bankrupt MF Global will testify before the House Agriculture committee. All the entertainment will come from the committee members as litigation is likely to prompt Corzine to exercise his Fifth Amendment rights.In a statement prepared for today’s testimony, Corzine said, “I simply do not know where the money is, or why the accounts have not been reconciled to date. I do not know which accounts are unreconciled or whether the unreconciled accounts were or were not subject to the segregation rules.”That’s a pretty damning indictment of internal controls at a major broker-dealer and FCM. It is also a damning indictment of clearing firm controls and NFA audits. It should give everyone that has funds at a broker-dealer or FCM pause. It is also another in a long lists of reasons that every investor should have a portion of their portfolios allocated to a physical asset…like gold.

• US initial jobless claims -23k to 381k in week ended 03-Dec, well below market expectations of 399k, vs upward revised 404k in previous week.
• Canada housing starts tumble to 181.1k in Nov, well below market expectations at 197k, vs 208.8k in Oct.
• ECB cut refi rate by 25 bp to 1.00%, in-line with expectations. New “non-standard” liquidity measures announced at presser.
• BoE holds repo rate steady at historic low of 0.5%. Asset purchase target unchanged at £75 bln.
• Japan machinery orders (ex-Elec&Ship) -6.9% m/m in Oct, vs -8.2% in Sep.
• Bank Indonesia holds policy rate steady at 6.0%.
• BoK holds repo rate steady at 3.25%.

 

ECB cut refi rate by 25 bp to 1.00%, in-line with expectations. Draghi presser underway. Dec 8th, 2011 USAGOLD) — ECB President Mario Draghi has announced a new raft of “non-standard” measures to pump liquidity into the system.

 

BoE holds repo rate steady at historic low of 0.5%. Asset purchase target unchanged at £75 bln.

Dec 8th, 2011 07:55 by News

 

US initial jobless claims -23k to 381k in week ended 03-Dec, well below market expectations of 399k, vs upward revised 404k in previous week.

Dec 8th, 2011 07:36 by News

 

Gold higher at 1747.10 (+7.10). Silver 32.81 (+0.332). Dollar slips. Euro better. Stocks called easier. Treasuries steady to lower.

 

 

 

 

Corzine apologizes for collapse of MF Global Reuters | Corzine said he was “stunned” when he first learned customer funds were missing.

 

 

 

Dave’s Daily: http://www.etfdigest.com  EU DRAMA CONTINUES December 08, 2011 ‘ECB head Mario Draghi set the tone for markets early. It was hoped he would not only lower interest rates, (which he did) but more importantly to bulls would be buying vast sums of euro bonds as a bailout (which he did not). Stock markets went straight down from there.Reporters have been given press passes which will remain good through the weekend for any eurozone announcement. This should indicate a long weekend for hopeful investors.Rumors and/or trial balloons continue to swirl regarding a variety of solutions. One was that the ESM bailout fund would be given a banking license which might include a large euro Kinko franchise. As quickly as that rose, it was shot down. Other planted stories were well outlined by the WSJ here.After Draghi’s press conference, the euro went south as did gold due to the euro. But some might be the news via the Deutsche Boerse that the BIS, BOE and Fed were in the market selling it.Stocks fell sharply across the board wiping out the week’s hard won gains. Financials took the worst hit which is understandable given bank exposure and eurozone disarray.With the dollar higher commodities were sold hard while bonds rallied on safe-haven flight.Lost in the shuffle were good Jobless Claims which came in at a 9 month low despite consistent upward revisions to previous reports.Let’s not forget it’s not just the eurozone that is battling debt problems, the U.S. has plenty of its own as noted in the chart below.

http://i238.photobucket.com/albums/ff171/flyfry/new%20album/12081.jpg

Volume rose as stop losses were hit and investors moved to the sidelines. Breadth per the WSJ was quite negative…’

 

 

 

Euro Crisis Will Only Get Worse And Do Serious Damage To Investors  Forbes Martin ‘American investors need to be aware that problems in the Eurozone will lead to global financial contagion,a worldwide recession and a possible repeat of a crisis like the one that followed the 2008 Lehman bankruptcy.

All that would inevitable do some serious damage to U.S. stocks. The Eurozone leaders have been trying to fix the mess since the May 2010 Greek crisis. Almost weekly they have new meetings and new plans but the plans never seem to result in meaningful action. There are plans for a new treaty that would act somewhat like a fiscal union in which one rule would dole out big penalties to countries with deficits bigger than 3% of GDP.

That was required in the original treaty of 1997 and was never enforced, and it was repeatedly broken by Germany and France though Germany has reputation for being highly solvent and fiscally prudent.

So if a great candidate for good fiscal behavior can’t behave and illegally broke the 1997 treaty and was never punished then why should the world expect that new treaty would be able to make the weaker Euro countries behave? What would the authorities do? Threaten to hit Germany with a wet noodle if they did not meet budget targets?

The measures proposed have always been weak, ineffectual and are designed to avoid facing up to solving the problem. The longer the leaders procrastinate the worse the problem will become.

The Eurozone leaders have made no progress in facing up the real problem: either they must form a true nation state union that eliminates the nation sovereignty of the Eurozone by merging all power into one central government resulting in the elimination of national governments or they must disband the Euro.

A third option would be to have the ECB recklessly print money and buy junk quality government bonds at par prices which would create inflation and destroy the ECB’s credibility, making the Euro sink in value.

I doubt there will be a fiscal union or that a new treaty can create a synthetic fiscal union, so the result will be a worsening Eurozone crisis. Eventually the markets will be so tired of false, ineffective promises that the markets will conclude that the Eurozone leaders have no credibility and will reject the Euro currency and Eurozone bonds resulting in a severe crash which will affect investors in all markets.’

 

Hope You Enjoyed That Run of Happy Economic Surprises, Because It's Probably Over: Barclays The Wall Street Journal 

 

 

This Week's EU and ECB Meetings Can't Fix Europe or US Stocks Minyanville  Jeffrey Miller Dec 08, 2011 ‘Despite all the talk of closer fiscal union, ECB rate cutting, and EFSF leverage, the leaders of Europe just don't seem to realize it's over.


Read more: http://www.minyanville.com/businessmarkets/articles/Us-stocks-Europe-eurozone-eurozone-crisis/12/8/2011/id/38293#ixzz1g0q2gJlq

 The EU meetings tomorrow should open with a reading from De Vita Caesarum by Suetonius in AD 121:  "Ave, Imperator, morituri te salutant," or “Hail, Emperor, those who are about to die salute you.”  Then at least we’d know they understood their predicament. Because as it stands now, it’s fairly clear that, despite all the talk of closer fiscal union, ECB rate cutting, and EFSF leverage, the leaders of Europe just don’t get that they are about to die. Not literally, but as a functioning, unified, growing economy, they are done. As we enter the holiday season, it’s more likely that Santa Claus is going to come down my chimney with gifts for my girls than it is that somehow the EU is going to get all 27 EU members, or all 17 eurozone countries, to agree to anything quickly.  There are serious doubts that the EU can fast-track anything that cedes individual national control over budgets to a central authority. Instead, each of the  member states will have to get parliamentary approval for changes, and some will need a referendum as well.  

For more information on the 28 changes to the EU treaty that would need to be made, see this interesting article by a member of European Parliament and this article on the euro issues by Paul Krugman.  

The downward spiral has begun (and I don’t mean the Nine Inch Nails album, unfortunately). Europe’s sovereign bonds are untouchable for private market buyers (aka, non-governmental buyers), except for those banks based within an issuing country that are getting a royal arm-twisting to buy their own countries’ debt – which is just more deeply embedding the virus in the banking system and making it more likely that a banking crisis will hit various European countries in the next year or two.  Mutual funds, money market funds, and non-European banks are avoiding these bonds like the plague.  But why you ask?   Aren’t they going to “fix” things?   Oh, they fixed things alright – this virus germinated when Angela Merkel insisted on “private market participation” in the Greek crisis and then called it “voluntary,” which had the fatal effect of voiding the credit default swaps on that same debt.  

Think of it this way:  If someone puts a gun to your head and demands your wallet, were you robbed or did you make a “voluntary” charitable donation?  Does the thief have to snatch it from your hand for it to be a robbery, or because I handed it over to him, even under gunpoint, was that then voluntary?  What the #$%@^?   

Look, it’s simple:  Change the rules, cancel contracts, and rig the game in favor of governments and against markets and the private market buyers will take their ball (ie, their cash) and go home. Non-interest bearing deposits recently reached $2 trillion in US banks according to the Financial Times – want to guess what was sold to create that much cash?  If investors are going to lose 50%, they can go buy stocks or junk bonds and get a better return upfront – why bother with govvies at all?  Playing with a bully who changes the rules in the middle of the game isn’t fun. You really did learn all you needed to know to be an investor in the fifth grade…

Something else to keep an eye on for stock markets is Russia and the aftermath of the elections there this past week. Did you ever watch those National Geographic shows with the cute rabbit in the middle of a snow covered field, nibbling away on some winter grass while a mountain lion lurks at the edge of the woods?  Ever see him suddenly perk his ears up when he thought he heard a twig snap or crunch of snow, only to look around, give a proverbial shrug (can a rabbit shrug?), and then go back to chomping away on the grass?  What happened next?  He was dinner. That crunch of snow was the first sign that he was done.  Cue flailing rabbit in the mouth of the mountain lion here. This Russian election could be the first sign of social unrest in Russia. Now if I were a betting man, I’m betting on Putin taking care of business and keeping a lid on uprisings with some well-timed protest crushing.  But ignore this at your own peril.  Don’t be the rabbit.  

In our last article Why Yesterday's Stock Market Rally Is a Head Fake, we said that for the SPX 1246/1250 has a lot of resistance, with a little at 1255 and a big level at 1264/1266.  Well the SPX stopped right at 1266 before starting to roll over.  Good enough for government work.  For this week, Support and Resistance levels for the S&P 500 (SPX) are:


Read more: http://www.minyanville.com/businessmarkets/articles/Us-stocks-Europe-eurozone-eurozone-crisis/12/8/2011/id/38293#ixzz1g0pdohFq

 

 

 

Corzine: It Was Those Darned Robots The Wall Street Journal [ Singing ‘the body electric’! Riiiiight! The robots did it! Those churn-and-earn greedy robots! Damnable robots! They’re the ones! Damn robots! Wow! Talk about criminally insane! ]

 

 

STOCKS GET SLAMMED AFTER BIG ECB DISAPPOINTMENT: Here's What You Need To Know Business Insider 12-08-11 ‘ Day four of Europe's hell week came with some volatility as investors moved on Mario Draghi's every last word.

First, the scoreboard:

Dow: -198.7 pts, -1.6%
S&P 500: -26.7 pts, -2.1%
NASDAQ: -52.8 pts, -2.0%

And now, the top stories:

 

 

 

Minyanville's T3 Daily Recap: Bank Shares Lead Decline as Euro Summit Begins With a Dud

 

 

 

Market Recap: Stocks Tumbled as Draghi Dashed Hopes for Broad ECB Intervention Wall St. Cheat Sheet ‘Markets closed down on Wall Street today: Dow -1.63% , S&P -2.11% , Nasdaq -1.99% , Oil -2.48% , Gold -1.86% .

On the commodities front, Oil fell to $98.00 a barrel. Precious metals were also down, with Gold falling to $1,712.40 an ounce while Silver fell 2.93% to settle at $31.67.

Hot Feature: Precious Metals Decline After Mario Draghi Disappoints

Today’s markets were down because:

1) ECB. Though ensuring European banks would have unlimited access to cheap cash with new three-year loans, European Central Bank President Mario Draghi frightened investors when he refused to commit to broad assistance to troubled euro countries. The news should have come as no surprise, given that Draghi has continually emphasized the importance of sovereign governments taking their steps to restore confidence and tackle the debt crisis, but many were still hoping the ECB would expand its bond-purchasing program.

2) Jobless. The number of people filing for initial unemployment benefits fell to a 9-month low of 381,000 last week. The news initially boosted markets, but as has been the case for months now, Europe’s news soon overshadowed positive economic data in the U.S., where wholesale inventories for the month of October also did better than expected, according to a report today, coming in at 1.6 percent instead of the projected 0.2 percent increase.

3) Banks. Financials were unsurprisingly the hardest hit by the ECB’s news, with all major U.S. banks declining. Wells Fargo , Goldman Sachs , Bank of America , and JPMorgan were all down 3 to 5 percent today, while Citigroup and Morgan Stanley did even worse, closing the day down 6.97 percent and 8.42 percent, respectively.

BONUS: Congress Debates Payroll Tax Cut Extension

 

 

Europe: Buy the rumor; sell the news.  MarketWatch

 

 

Train Reading: Empathetic Rats  Mark Gongloff

 

More details on this afternoon’s euro-rumor clown show — FT Alphaville

Draghi drags his feet — Free Exchange

Stock picking is dead — James Bianco at Big Picture

Lakshman Achuthan of the ECRI is still sticking by his recession call — Pragmatic Capitalism

What good are banks anyway? — VoxEU

Is Albert Pujols really worth $250 million? — Grantland

Long before the dinosaurs, this freaky creature was the world’s most fearsome predator — Discover

Rats free trapped friends, hinting at universal empathy — Wired

Area man carefully weighs one side of argument — The Onion

 

 

 

 

AAII Sentiment Survey: Pessimists Stay on Top Wall St. Cheat Sheet  ‘Bullish sentiment , expectations that stock prices will rise over the next six months, rebounded 5.5 percentage points to 38.6%. Even with the improvement, optimism remained below its historical average of 39% for the third consecutive week.

Neutral sentiment , expectations that stock prices will stay essentially flat over the next six months, declined 0.9 percentage points to 26.7%. This is an eight-week low for neutral sentiment. The historical average is 31%.

Bearish sentiment , expectations that stock prices will fall over the next six months, fell 4.7 percentage points to 34.8%. Even with the decrease, this is the fourth consecutive week, and the 36th out of 42, that bearish sentiment has been above its historical average of 30%.

The ongoing market volatility, combined with slow economic growth, the European sovereign debt crisis and Washington politics, continues to leave many AAII members frustrated and cautious. Improvements in optimism this year have proven to be fragile in part due to the headline-driven nature of the current market climate. It should also be noted that many individual investors have responded by becoming more conservative with their portfolio allocations, as was evident in our November Asset Allocation Survey.

This week’s special question asked about last week’s coordinated central bank move to provide liquidity support to Europe. Specifically, we asked if AAII members if the announcement made them more or less optimistic that the events in Europe won’t negatively impact the U.S. economy. Responses were split with the largest number of respondents saying they were less optimistic.

Here is sampling of the responses:

This week’s  AAII Sentiment Survey results:

Historical averages:

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

 

 

 

 

 

Tyrannical “Health Standards” Of The New World Order Brandon Turbeville | The control of food is an absolute necessity for those who seek to accelerate amalgamation.


 

Corzine to face Congress on MF Global The Independent | Mr Corzine’s appearance threatens to embarrass Barack Obama, for whom he is a fundraiser

 

 

‘End of euro road in 48 hours if no summit solution’ Russia Today | The euro’s survival is about to be determined as European leaders gather for a key summit later on Thursday.


 

Germany dampens hopes as France warns of euro ‘explosion’ AFP |Economic powerhouse Germany played down hopes Wednesday that a crucial debt summit will save the euro.


 

‘Goldman Sachs dictatorship – Hitler’s dream’ RT | Investigative journalist Tony Gosling says countries need to return to their own currencies if they’re to escape being ruled by Brussels.


 

In Past Week Americans Pull The Most Money From Stock Market Farce Since US Downgrade, Despite Market Surge Zero Hedge | US retail investors pulled a whopping $6.7 billion from domestic equity funds.

 

 

 

(12-08-11)   Dow  11,997 -198   Nasdaq  2,596  -53   S&P 500  1,234  -26   [CLOSE- OIL $98.34 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.27 (**The BTU-adjusted price of E-85 is the nationwide average price of E-85 adjusted to reflect the lower energy content as expressed in British Thermal Units - and hence miles per gallon - available in a gallon of E-85 as compared to the same volume of conventional gasoline…’ so adjusted=$4.00 – higher real than quoted price for respective states including CA, infra – another manipulation for the ‘feel good’ effect despite the inflationary over-printing of weimar dollars/currencies)  (reg. gas in LAND OF FRUITS AND NUTS  $3.65 REG./ $3.74 MID-GRADE/$3.83 PREM./ $4.22  DIESELL) /  GOLD $1,704 (+24% for year 2009) / SILVER $31.53 (+47% for year 2009) PLATINUM $1,489 (+56% for year 2009)  Metal News for the Day  / DOLLAR= .75 EURO, 77 YEN, .64 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 2.02%      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! 

 

MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded  [This brief video explains causal links (some even adding that they’re all jewish)  between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global. [ It’s time for all people to know and understand how they, america and the rest of the world, have been done-in by fraudulent wall street greed / crime, u.s. government corruption, and media/u.s.government complicity by silence, coverup, and overt criminal acts to protect the perpetrators (the following 10 minute video is purposely simplistic enough for even the previously most gullible dupes to understand, including the insurmountable magnitude of the problem/fraud/crime requiring action and prosecutions. Yes, it is true ‘what a tangled web they’ve weaved, when in greed they’ve deceived, and fraudulently keep the money they’ve received, as all the respective nations of the world continue to bleed’!) ]; and, here’s: ‘Quantitative Easing Explained’  http://www.youtube.com/watch?v=PTUY16CkS-k  (6 minutes-well worth it). 

Articles from  http://www.heraresearch.com/  :                                                                                                                                                                                                                                                                                                                                 

·         How the U.S. Will Become a 3rd World Country (Part 1)

·         Globalization and Global Chaos

·         Into the Abyss: The Cycle of Debt Deflation

·         OTC Derivatives: Failed Banks or Failed Nations?

·         Bernanke's Dilemma: Hyperinflation and the U.S. Dollar

·         Madmen, Gamblers, Alcoholics, the U.S. Dollar and Gold

http://www.heraresearch.com/

 

Senate Passes Bill Allowing Indefinite Detention of Americans ... Considers Bill Authorizing More Torture Posted by: George Washington Post date: 11/29/2011 - 20:53 USA, USA, USA ... Number One in ... cough ... Fascism ... cough

 

SPX Update: Sell the Bounce   Jason Haver Nov 29, 2011 ‘This bounce might not last long, and new lows are expected to follow.

 

 

 

Nouriel Roubini: Government Gridlock ‘Ensures’ 2012 Recession Daily Ticker - Nov 23, 2011 {Tell me something that’s not already begun and that I don’t know! Tell us something we don’t know! 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 .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..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..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’, David Rosenberg: “It’s Time To Start Calling This For What It Is: A Modern Day Depression” Zero Hedge ,  David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending,  This is No Cyclical Recession… It is a Secular DE-pression   }


 

 

 

$707,568,901,000,000: How (And Why) Banks Increased Total Outstanding Derivatives By A Record $107 Trillion In 6 Months

 

 

DATA SUMMARY SHOWS THE US ECONOMY IS IN JEOPARDY  [ Duh! Ya think? ]  Jeff Harding Nov 23, 2011 http://www.minyanville.com/buzz/buzzalert/data-summary-shows-the-us/11/23/2011/id/146675?camp=syndication&medium=portals&from=yahoo ‘An overview of all the factors at play leads to one inevitable conclusion.


The Crossroad
The economy is at one of those crossroads where something is going to happen. Whether that will be a positive or a negative is often difficult to tell because at any time one of those “black swans” could land in our midst and change everything. Plans are fluid and and forecasting can be quixotic. That said, I believe we are at a critical point, and the US economy is heading for a fall.

To understand what “tomorrow” might be, we need to look at today and try to tie those threads together. Here is my analysis step by step, and you can decide if you agree with my conclusions.

Today
I have been looking at a lot of data reports in terms of an overall view of the economy. I apologize for all of the charts and data, but they offer some insight into trends.

Price Indices
Both the Producer Price Index and the Consumer Price Index have shown modest price increases, but may be trending negative. 

Producer Price Index: 

http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards1.png
 
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards2.png

On a 12-month basis, finished goods have gone up 5.9%, intermediate goods up 8.3%, and crude goods up 12.6%. However, the recent trend is down, as the above chart shows.

Consumer Price Index:

Consumer prices declined 0.1%, and core (less energy and food) went up 0.1%. On a year-over-year basis, prices have increased 3.5%, but that is down from 3.9% the prior month, mainly due to energy costs.

http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards3.png


Industrial Production

Industrial production as measured by shipments showed a 0.7% gain in October, and the 12-month index was up 3.9%.

http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards4.png  

Manufacturing

The important factory sector output was up 0.5% in October and up 4.1% for the 12 months. The only negative here, and it is a significant one, is that new orders are flat, but may not be declining:

http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards5.png

The more telling ISM Manufacturing Index shows some weakness:

http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards6.png


The capital goods sector has been showing strong growth:

http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards7.png

Business Sales

Business sales and inventories are also steady:

Businesses are carefully managing their inventories, keeping them lean as sales move incrementally forward. Business inventories are unchanged in the September report with sales up 0.6 percent [11.06% YoY], a combination that keeps the inventory-to-sales ratio at 1.27. This ratio has been pretty steady for the last two years after spiking as high as 1.49 during the recession when sales of course plunged.


But note that these numbers are nominal, not adjusted for inflation. 

Retail Sales

Retail sales and food services were up 0.5% for October, and 7.2% year over year. Again, these numbers are not adjusted for inflation. They are steady but have been flat (±) since August 2010.

http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards8.png


Wages and Earnings

Real wages continue to be weak. While real wages increased 0.3% in October, that was after a CPI adjustment ((earnings +0.2)+(CPI -0.1%)). On a year-over-year basis, real earnings are down 1.6%. “An unchanged average workweek combined with the decline in real average hourly earnings resulted in a 1.7 percent decrease in real average weekly earnings during the same period,” according to the Bureau of Labor Statistics.

Bank Credit

Bank credit conditions are still sluggish.

Consumer credit

Consumer credit increased at an annual rate of 1.5% in the third quarter. Revolving credit decreased at an annual rate of 3.25%, while nonrevolving credit increased 3.75%. In September consumer credit increased at an annual rate of 3.5%. Revolving credit is credit card debt; nonrevolving debt is mostly auto loans and student loans. Generally, consumer credit has been rather flat except for auto loans, which have been up and down, but mostly up:
 
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards9.png


Business credit

What has changed is that commercial and industrial loans have grown, especially at small domestic banks. Look at the Fed’s H.8 commercial bank commercial and industrial (C&I) loans in 2011 (note: I modified this chart to fit):


http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards10.png


(Note that “Other consumer loans” are mostly auto loans. This consumer credit data is slightly different than the Fed’s G.19 data on consumer credit, above.)

What we see is that C&I loans took off starting in the first quarter of 2011. While the data for large domestic banks shows steady C&I loan growth since the fourth quarter of 2009, small domestic bank C&I lending shot up in the first quarter of 2011, from zero base to $20 billion:

http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards11.png


Even more surprising is that average loan size for small banks increased from about $100,000 to almost $650,000. One might conclude from this that the credit freeze is over and small banks are lending and small to medium business enterprises (SMEs) are borrowing, thus indicating a recovery.

What is happening?

The main reason for this sudden increase in loan activity is competition. Ever since Dodd-Frank, banks have been scrambling to figure out how to make more money, as many credit card and other account fees were prohibited in an attempt to protect consumers. One way to offset that loss is to gain more business customers, and there has been a scramble by both large and small banks for SME customers.

Small banks have the most to gain or lose in this competition because SMEs are their territory. So they are pursuing customers. Many also believe that there is a window of opportunity with favorable spreads and thus the timing is critical to expand business before that window closes. The initial beneficiaries seem to be the banks in the $5 billion to $10 billion asset range, which are classified as small banks. Keefe, Bruyette & Woods, an investment bank specializing in services to the banking sector said:


[Damon DelMonte, an analyst with KBW Inc.'s Keefe, Bruyette & Woods Inc.] said banks reporting loan growth are taking a bigger slice of the pie, but the pie isn’t getting much bigger. “We’re not of the belief that the demand for new loans is really ramping up,” he said. “It seems like it’s more of a shifting of market share. Smaller banks are going to benefit at the expense of larger banks.“


This was also confirmed by the Fed’s October 2011 Senior Loan Officer Opinion Survey on Bank Lending Practices, where they reported increased competition, but that loan demand was weak:

http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards12.png


I will explain the significance of this data further on.

International Trade

On the international scene, imports were actually down slightly, which was seen as a positive by most analysts (I see it as a negative):

The US trade deficit unexpectedly improved in September, but a significant part of it appears to have been related to flight to safety to gold during September’s weak financial markets. The September trade gap shrank to $43.1 billion from $44.9 billion in August. The latest shortfall was narrower than analysts’ expectations for a $46.3 billion deficit. Exports gained 1.4 percent after edging up 0.1 percent in August. Imports rose 0.3 percent in September, following a 0.2 percent decline the prior month.


Exports have been a substantial driver of the economy ($2.117 trillion):

http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards13.png


International Capital Flows

 The Treasury International Capital Report shows us that money continues to flow into the US seeking refuge mainly in Treasuries:

Volatility in international financial markets made for a second straight month of increasing inflow into long-term US securities, at $68.6 billion in September following August’s revised $58.0 billion. These follow inflows of only $9.1 billion and $4.1 billion in the two prior months. US investors, repatriating their funds, were small net sellers of foreign securities in September. But increasing demand for US securities is narrowly based into Treasuries in contrast to outflows for corporate bonds and especially US equities which is no surprise given the general move into safety and away from risk. Net outflows from equities were a very steep $19.2 billion in September following August’s $6.5 billion outflow.


Summary

Here is a summary of the above data:

#1. Industrial production (manufacturing and services) is continuing a flat to declining trend that has been going on since the second quarter of 2010. Manufacturing has shown recent growth, but it mirrors the negative to flat trend. Capital goods orders have improved, reflecting technological upgrades (which is also mirrored in software sales).

#2. Prices are starting to decline both at the producer and consumer level. Oil prices are likely to decline as worldwide economic activity slows. But, as we know, political shocks from producers can alter this forecast dramatically.

#3. Retail sales, adjusted for price inflation, continue to be flat to declining.

#4. Credit conditions are still tight at the consumer level, and business credit still suffers from lack of demand.

#5. Exports have been a primary driver of the economy and have rebounded substantially post-crash as a result of a devalued dollar.

#6. European economic problems have caused a significant influx of money into the US, and that has been parked in Treasuries.


Here is a summary of other data I feel is important and that I have recently discussed:

#1. Unemployment is high. At 9% there are 13.9 million unemployed, while the broader measure of unemployed (U-6) is 25 million. While unemployment has been dropping at a snail’s pace, jobs are not being created at a sufficient rate to substantially reduce unemployment. New jobless claims have been hovering around the 400,000 per week for the entire year.

#2. Real disposable income is falling.

#3. Personal savings have fallen from a post-crash high of 5.8% in June 2010 to 3.6% as of September 2011 because consumers are using savings to fund consumption.

#4. GDP is static rather than growing, and the latest third-quarter boost will likely not continue. It is likely that the third-quarter report will be revised downward.

#5. Auto sales are related to pent-up demand and are not likely to be sustained.

#6. The top 5% of earners account for 37% of all consumer spending, and it is they who are supporting consumer spending. I call this a “bifurcated economy.” There is no broad-based consumer spending rally.

#7. Household debt ($13.9 trillion) is still historically very high and has not been substantially reduced.

#8. U.S. sovereign debt is 100% of GDP ($15 trillion and growing).

#9. All government spending (federal, state, and local) constitutes 45.6% of GDP.

#10. The euro crisis will have a substantial impact on the rest of the world, including the US. That is difficult to predict, but we’ll know very soon. According to recent data, the world is heading into recession in almost all economies.

#11. The federal government is currently running a $1.3 trillion annual deficit

#12. Unfunded liabilities for Social Security, Medicare, and prescription drug (Part D) are $116.4 trillion and growing. This does not include the pending problem with student loans (Sallie Mae) or obligations to government-sponsored enterprises.

#13. The MF Global (MFGLQ.PK) problem is indicative of a declining economy. It is likely that in a growing economy, MF Global would have been able to ride out its crisis. In a declining economy, company weaknesses tend to be revealed, as with Lehman. That creates market uncertainty.

#14. Oil prices have risen from $40 a barrel post-crash to $110 a barrel in April 2011, and presently are at $97 a barrel. Such oil price increases are associated with and often presage recessions.

#15. Bank balance sheets are still weak because they do not book asset values at market, they seem to not properly book troubled loans, and they are encumbered by a substantial amount of malinvested assets that have not been liquidated.

#16. 47 million Americans (15%) are on food stamps; 48.5% of the population lived in a household that received some type of government aid in the first quarter of 2010.

#17. Americans are pessimistic about their future and the future of America, according to almost all recent polls.

#18. An angry and disaffected population in America is potentially politically dangerous. 


What is important when looking at the data is to spot trends rather than specific numbers. I have what I believe is a healthy skepticism about the reports from the multitude of federal agencies that I follow on a regular basis. They are often revised and probably understate the negatives. That is especially so with price inflation. Many of the reports are in nominal numbers rather than adjusted for official price inflation. If they are adjusted for inflation (chained), their baseline is a recent year. Many analysts put great emphasis on specific numbers, but quantifiable data is ephemeral and probably “gamed.” Look at the trend.

Reminder: This is part one of a two-part series. The second half will be published on Minyanville on Friday, November 25.’

 

 

Problem With Germany And China: Who Bails Out The Bailers?   Forbes / Addison Wiggin  [ Another downgrade of U.S. sovereign debt is a “certainty,” he adds. “It’s only a matter of when.” ] 

 

25 Bitter And Painful Facts About The Coming Baby Boomer Retirement Crisis That Will Blow Your Mind The Economic Collapse | For decades we were warned that when the Baby Boomers started to retire that this country would be facing a retirement crisis of unprecedented magnitude. The Economic Collapse November 23, 2011

‘For decades we were warned that when the Baby Boomers started to retire that this country would be facing a retirement crisis of unprecedented magnitude.  Well, that day has arrived ladies and gentlemen.  Back on January 1st, the Baby Boomers began to retire and more than 10,000 of them will be retiring every single day for years to come.  Most of them have not saved up nearly enough money for retirement.  At the same time, private sector pension plans are failing all over the place, hundreds of state and local government pension plans from coast to coast are woefully underfunded, and the Social Security system is on the road to complete and total disaster.  A massive wave of humanity is hitting retirement age at a moment in history when the U.S. economy is coming apart at the seams.  We do not have the resources to keep the promises that we made to the Baby Boomers, and most of them have not made adequate preparations for retirement.  What we have is a gigantic mess on our hands, and millions of Baby Boomers are going to find retirement to be very bitter and very painful.

A lot of younger Americans just assume that Social Security is enough to take care of the needs of elderly Americans.  But that is just not the case.

Have you ever tried to live solely on a Social Security check?

It is not easy.  The truth is that those checks are just not that large.

The following comes directly from the Social Security Administration….

The average monthly Social Security benefit for a retired worker was about $1,177 at the beginning of 2011.

Could you live on less than 300 dollars a week?

And keep in mind that the $1,177 monthly figure is just an average.  Many receive a lot less than that.

In addition, Social Security benefits have been seriously squeezed by inflation in recent years.  The cost of food and other basics has risen briskly and Social Security benefits have not.

Today, many elderly Americans have to make a choice between buying food, heating their homes or buying medicine that they need.  They simply do not have enough money to do all of them.

It would have been nice if all of the Baby Boomers had been busy saving money for retirement all these years, but that just did not happen.  In fact, the Baby Boomers as a group are trillions of dollars short of what they need for retirement.

So why doesn’t the U.S. government step in to help them out?

Well, the reality of the situation is that the U.S. government is flat broke.  The federal government is now over 15 trillion dollars in debt.  During the Obama administration so far, the U.S. government has accumulated more new debt than it did from the time that George Washington took office to the time that Bill Clinton took office.

Lawmakers are already looking at ways to make the Social Security program less costly.  No, the federal government is not going to be riding to the rescue.

In fact, it will be a minor miracle if the Social Security program is able to survive until the end of this decade, and it will be a major miracle if the Social Security program is able to survive until 2030.

As for myself, I do not believe that I will ever see a single penny from Social Security, and many other working age Americans feel the same way.

Retirement is supposed to be a fun time, but sadly most Americans that are approaching retirement age are not going to have any “golden years” to look forward to.

Rather, millions of elderly Americans are going to find the years ahead absolutely agonizing as they struggle just to survive.

The following are 25 bitter and painful facts about the coming Baby Boomer retirement crisis that will blow your mind….

#1 According to the Employee Benefit Research Institute, 46 percent of all American workers have less than $10,000 saved for retirement, and 29 percent of all American workers have less than $1,000 saved for retirement.

#2 According to a recent poll conducted by Americans for Secure Retirement,88 percent of all Americans are worried about “maintaining a comfortable standard of living in retirement”.  Last year, that figure was at 73 percent.

#3 A study conducted by Boston College’s Center for Retirement Research has found that American workers are $6.6 trillion short of what they need to retire comfortably.

#4 Today, one out of every six elderly Americans lives below the federal poverty line.

#5 On January 1st, 2011 the very first Baby Boomers started to retire.  For almost the next 20 years, more than 10,000 Baby Boomers will be retiring every single day.

#6 At the moment, only about 13 percent of all Americans are 65 years of age or older.  By 2030, that number will soar to 18 percent.

#7 Right now, there are somewhere around 40 million senior citizens.  By 2050 that number is projected to increase to 89 million.

#8 Back in 1991, half of all American workers planned to retire before they reached the age of 65.  Today, that number has declined to 23 percent.

#9 According to one recent survey, 74 percent of American workers expect to continue working once they are “retired”.

#10 According to a recent AARP survey of Baby Boomers, 40 percent of themplan to work “until they drop”.

#11 A poll conducted by CESI Debt Solutions found that 56 percent of American retirees still had outstanding debts when they retired.

#12 A study by a law professor at the University of Michigan found that Americans that are 55 years of age or older now account for 20 percent of all bankruptcies in the United States.  Back in 2001, they only accounted for 12 percent of all bankruptcies.

#13 Between 1991 and 2007 the number of Americans between the ages of 65 and 74 that filed for bankruptcy rose by a staggering 178 percent.

#14 What is causing most of these bankruptcies among the elderly?  The number one cause is medical bills.  According to a report published in The American Journal of Medicine, medical bills are a major factor in more than 60 percent of the personal bankruptcies in the United States.  Of those bankruptcies that were caused by medical bills, approximately 75 percent of them involved individuals that actually did have health insurance.

#15 Public retirement funds all over the United States are woefully underfunded.  For example, it has been reported that the $33.7 billion Illinois Teachers Retirement System is 61% underfunded and is on the verge of complete collapse.

#16 Most U.S. states have huge pension obligations which threaten to bankrupt them.  For example, pension consultant Girard Miller 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 the state of California.

#17 Robert Novy-Marx of the University of Chicago and Joshua D. Rauh of Northwestern’s Kellogg School of Management have 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?

#18 According to the Congressional Budget Office, the Social Security systempaid out more in benefits than it received 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 nightmarish as hordes of Baby Boomers retire.

#19 In 1950, each retiree’s Social Security benefit was paid for by 16U.S. workers.  According to new data from the U.S. Bureau of Labor Statistics, there are now only 1.75 full-time private sector workers for each person that is receiving Social Security benefits in the United States.

#20 The U.S. government now says that the Medicare trust fund will run outfive years faster than they were projecting just last year.

#21 The total cost of just three federal government programs – the Department of Defense, Social Security and Medicare – exceeded the total amount of taxes brought in during fiscal 2010 by 10 billion dollars.  In the years ahead expenses related to Social Security and Medicare are projected to skyrocket dramatically.

#22 The Pension Benefit Guaranty Corporation is the agency of the federal government that pays monthly retirement benefits to hundreds of thousands of retirees that were covered under defined benefit pension plans that failed.  The retirement crisis has barely even begun and the PBGC is already dead broke.  The PBGC says that it ran a deficit of $26 billion during the fiscal year that just ended and that it will probably need a huge bailout from the federal government.

#23 According to a survey by careerbuilder.com, 36 percent of all Americans say that they don’t contribute anything at all to retirement savings.

#24 More than 30 percent of all investors in the United States that are currently in their sixties have more than 80 percent of their 401k plans invested in equities.  So what is going to happen to them if the stock market crashes?

#25 A survey taken earlier this year found that 20 percent of all U.S. workers admitted that they had postponed their planned retirement age at least once during the last 12 months.  Back in 2008, that number was only at 14 percent.

Our politicians should have addressed the retirement crisis decades ago before we got to the point of being in debt up to our eyeballs.

It is being projected that the U.S. national debt will hit 344% of GDP by the year 2050, and the Congressional Budget Office says that U.S. government debt held by the public will reach a staggering 716% of GDP by the year 2080.

Obviously those figures will never be reached because our financial system would totally collapse long before then.

So what do we do?

We have tens of millions of elderly Americans that are completely and totally dependent on Social Security and Medicare, but those programs also threaten to bankrupt us as a nation.

Anyone that believes that there is a “quick fix” to these issues is being naive.

The “supercommittee” was supposed to address this problem, but they failed so spectacularly that they have become a national joke.

Sadly, most of our politicians just keep kicking the can down the road.  They hope that somehow things will just magically “work out”.

Well, the truth is that things are not going to “work out”.  The poverty level among the elderly is going to continue to increase.  Pension plans all over this nation are going to continue to fail in staggering numbers.  Social Security and Medicare are going to bleed more red ink with each passing year.

Something should have been done about this problem a long, long time ago.

But it wasn’t.

This crisis was ignored, dealing with it was put off time after time and all the doomsayers were laughed at.

Now the crisis is here, and we are all going to pay the price.’

 



Presenting Russell Napier's Greatest Hits Two weeks ago, courtesy of Gresham's Law, we brought to our readers Jim Grant's greatest hits: a compilation of the most memorable TV appearances by the famous newsletter writer. Today, we are happy to present another controversial luminary - Russell Napier: the renowned financial historian and consultant for CLSA, as well as author of the engrossing Anatomy of the Bear, who only together with Albert Edwards, has predicted that the S&P would eventually drop to 400. Napier has articulated some fantastic insights on the generational cycle, bear market bottoms and currencies in recent years. His insights, unlike those of TV pundits whose soundbites are only there to fill the gap between two ad segments, are always something to look forward to.

 

 

 

Something Big Is Coming... and It's Going to Be BAD Phoenix Capital... 11/18/2011 We have been getting MAJOR warning signs of a collapse for months now. No less than the Bank of England, the IMF, and legendary asset management firm Franklin Templeton have warned that we are...

 

 

 

One Interesting Thing About the Leading Indicators Report  The Wall Street Journal (Fri, Nov 18) { How about the most interesting thing about ‘leading economic indicators’ from mooshy mish shedlock is the weighting accorded M2 and stock prices [who seems to have forgotten his own ‘unequivocal declaration’ ( Global Recession: Right Here, Right Now at Minyanville  Mike Shedlock Sep 02, 2011 )  which by the way was correct –almost, actually a depression- and now equivocates saying ‘I would agree that a slip back into recession in the 4th quarter is unlikely, assuming of course it is even possible. Bear in mind, we have not had an official end of this recession declared yet.’ I believe mish mosh shedlock is a lightweight (link to ‘huffington post’? What’s up with that?) but he does include the following excerpt from Chris Puplava which is important, infra (Burt Domen and David Rosenberg are the ‘real deal’ - 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 .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..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..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’, David Rosenberg: “It’s Time To Start Calling This For What It Is: A Modern Day Depression” Zero Hedge ,  David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending,  This is No Cyclical Recession… It is a Secular DE-pression

 

 

‘Chris Puplava took a good hard look at the LEI in Fool Me Once, Shame on You. Fool Me Twice, Shame on Me.

One of the things that many market commentators and research houses have pointed at to support their bullish outlook on the stock market are the leading economic indicators. I have had the sneaky suspicion that the aggressive and unprecedented actions on the part of the Fed have played a significant role in the LEI given a misleading signal as to an economic turnaround it is forecasting, while the economic components would likely paint a different picture. It is important to understand the makeup of the Conference Board’s Leading Economic Index (LEI) and the weights that each component makes up of the LEI. Below is the breakdown of the ten indicators that make up the LEI and their respective weights in the index. As seen below, the three financial indicators make up approximately 50% of the LEI while the seven economic components make up the other 50%, with the M2 money supply alone making up 35.8% of the total LEI. Money makes the world go round, I guess, according to the LEI.

http://1.bp.blogspot.com/_nSTO-vZpSgc/Ss2QhpYTrCI/AAAAAAAAHBw/aXOmraxEhEc/s400/LEI+components.png

Shown below are the YOY rate of change growth rates in the Conference Board’s LEI and my indexes of the economic and monetary components separated out. What is a clear take away is that the monetary LEI is doing the heavy lifting as the economic LEI remains in negative territory.

What you can also see is that beginning in the 1980s the growth rate between the monetary and economic LEI began to show a greater disparity in their growth rates than they did in the 1970s. What this would tend to imply is that a greater level of monetary stimulus measures were needed to translate into improved economic growth rates. This aligns with the second chart below that shows the dollar increase in debt per dollar increase in GDP, which shows higher amounts of debt were needed to produce a dollar of GDP, and we are fast approaching the “Zero Hour” in which rising debt does not translate into increased economic growth, or the “pay the piper” moment for our economy.


http://4.bp.blogspot.com/_nSTO-vZpSgc/Ss2R7PXY8qI/AAAAAAAAHB4/vCLw0ub9wzY/s400/LEI-YY-%25change.png


Zero Hour - Debt Fails To Add To GDP

http://4.bp.blogspot.com/_nSTO-vZpSgc/Ss2SVk6uicI/AAAAAAAAHCA/b69hK64Ycto/s400/Zero+Hour.png

Further illustrating the notion that it is taking record stimulus just to keep growth going is the YOY growth rate difference between the Monetary LEI and the Economic LEI, with the disparity between the two growth rates at the highest level in the last half century.

http://2.bp.blogspot.com/_nSTO-vZpSgc/Ss2S_Aqy0rI/AAAAAAAAHCI/KZv4Rc8hAR0/s400/LEI-YY-%25change2.png

The above charts simply illustrate that our economy is fundamentally weak and instead of allowing our economy to sober up after its debt binge, our monetary and governmental authorities are trying to keep the economy drunk and chugging along, using greater amounts of monetary alcohol than ever before…’

 

 

 

Something Big Is Coming... and It's Going to Be BAD Phoenix Capital... 11/18/2011 ‘We have been getting MAJOR warning signs of a collapse for months now. No less than the Bank of England, the IMF, and legendary asset management firm Franklin Templeton have warned that we are... Something major is occuring in the markets today.The US economy peaked in 2007. However, throughout much of 2008, the stock market continued to rally despite the economic collapse as well as the financial system imploding.Throughout this period the credit markets jammed up and implied something VERY BAD was in the system. However, stock investors continued to pile into stocks because, well, frankly stocks always are the last to "get it."And when stocks finally did get it... it was quite a thing.This same environment is occurring today. Only this time the collapse is sovereign in nature: entire countries are going bust.We have been getting MAJOR warning signs of a collapse for months now. No less than the Bank of England, the IMF, and legendary asset management firm Franklin Templeton have warned that we are facing an epic, hellish crisis.We got the first taste of this in August when the S&P 500 literally wiped out a year's worth of gains in two weeks The only thing that brought us back from the brink at that time was the belief that the EU mess might be solvable and a coordinated intervention from the world Central Banks.We then had a spirited rally as the Fed and central banks went "all in" to force the stock market above its 200-DMA.This final "hurrah" has failed and the financial system is literally imploding. The EU will be broken up in the next month or so and it is highly likely Germany will back out of the Euro altogether.Moreover, the world central banks are now totally out of ammunition. They've spent Trillions of Dollars in bailouts, abandoned accounting standards, and even moved TRILLIONs in garbage debt onto the public's balance sheet.None of this has worked. The credit markets are jammed up just like in 2008. Italy, the third largest bond market in the world, is on the verge of default. No one wants to fund the EFSF. China is entering a hard landing and economic collapse. The US is in a clear depression.And on and on.This is the single most dangerous market environment of our lifetimes.  We are entering a period of massive wealth destruction. We will see bank holidays and civil unrest. We will see sovereign defaults. We will see temporary shortages in various goods and services.So if you have not already taken steps to prepare for systemic failure, you NEED to do so NOW. We're literally at most a few months, and very likely just a few weeks from Europe's banks imploding…’

 

 

 

Train Reading: Does Water Prevent Dehydration? The EU Says No. The Wall Street Journal [ Wow! Talk about things that don’t matter! Yeah … like pervasively corrupt, defacto bankrupt america, the eu’s lost its shine … maybe, employing an american strategy, they were just try to sell more of their ‘gatorade knockoff’! ]

 

 

The next financial crisis will be hellish, and it’s on its way Nov 17th, 2011 (Forbes) —‘ “There is definitely going to be another financial crisis around the corner,” says hedge fund legend Mark Mobius, “because we haven’t solved any of the things that caused the previous crisis.”We’re raising our alert status for the next financial crisis. We already raised it last week after spreads on U.S. credit default swaps started blowing out. We raised it again after seeing the remarks of Mr. Mobius, chief of the $50 billion emerging markets desk at Templeton Asset Management…”Prior to the bursting of the credit bubble, the public was shocked to learn that our biggest investment banks were levered 30-to-1. When asset values fell, those banks were quickly wiped out. But now the Fed is holding many of the same types of assets and is levered 51-to-1! If the value of their portfolio were to fall by just 2%, the Fed itself would be wiped out.”[source]’



The next financial crisis will be hellish, and it’s on its way  http://news.yahoo.com/next-financial-crisis-hellish-way-204303737.html   Addison Wiggin | Forbes – Wed, Nov 16, 2011’  "There is definitely going to be another financial crisis around the corner," says hedge fund legend Mark Mobius, "because we haven't solved any of the things that caused the previous crisis."

We're raising our alert status for the next financial crisis. We already raised it last week after spreads on U.S. credit default swaps started blowing out.  We raised it again after seeing the remarks of Mr. Mobius, chief of the $50 billion emerging markets desk at Templeton Asset Management.

Speaking in Tokyo, he pointed to derivatives, the financial hairball of futures, options, and swaps in which nearly all the world's major banks are tangled up.

Estimates on the amount of derivatives out there worldwide vary. An oft-heard estimate is $600 trillion. That squares with Mobius' guess of 10 times the world's annual GDP. "Are the derivatives regulated?" asks Mobius. "No. Are you still getting growth in derivatives? Yes."

In other words, something along the lines of securitized mortgages is lurking out there, ready to trigger another crisis as in 2007-08.

What could it be? We'll offer up a good guess, one the market is discounting.

Seldom does a stock index rise so much, for so little reason, as the Dow did on the open Tuesday morning: 115 Dow points on a rumor that Greece is going to get a second bailout.

Let's step back for a moment: The Greek crisis is first and foremost about the German and French banks that were foolish enough to lend money to Greece in the first place. What sort of derivative contracts tied to Greek debt are they sitting on? What worldwide mayhem would ensue if Greece didn't pay back 100 centimes on the euro?

That's a rhetorical question, since the balance sheets of European banks are even more opaque than American ones. Whatever the actual answer, it's scary enough that the European Central Bank has refused to entertain any talk about the holders of Greek sovereign debt taking a haircut, even in the form of Greece stretching out its payments.

That was the preferred solution among German leaders. But it seems the ECB is about to get its way. Greece will likely get another bailout — 30 billion euros on top of the 110 billion euro bailout it got a year ago.

It will accomplish nothing. Going deeper into hock is never a good way to get out of debt. And at some point, this exercise in kicking the can has to stop. When it does, you get your next financial crisis.

And what of the derivatives sitting on the balance sheet of the Federal Reserve? Here's another factor behind our heightened state of alert.

"Through quantitative easing efforts alone," says Euro Pacific Capital's Michael Pento, "Ben Bernanke has added $1.8 trillion of longer-term GSE debt and mortgage-backed securities (MBS)."

Think about that for a moment. The Fed's entire balance sheet totaled around $800 billion before the 2008 crash, nearly all of it Treasuries. Now the Fed holds more than double that amount in mortgage derivatives alone, junk that the banks needed to clear off their own balance sheets.

"As the size of the Fed's balance sheet ballooned," continues Mr. Pento, "the dollar amount of capital held at the Fed has remained fairly constant. Today, the Fed has $52.5 billion of capital backing a $2.7 trillion balance sheet.

"Prior to the bursting of the credit bubble, the public was shocked to learn that our biggest investment banks were levered 30-to-1. When asset values fell, those banks were quickly wiped out. But now the Fed is holding many of the same types of assets and is levered 51-to-1! If the value of their portfolio were to fall by just 2%, the Fed itself would be wiped out."

Mr. Pento's and Mr. Mobius' views line up with our own, which we laid out during interviews on our trip to China this month.

An Eye on the Next Financial Crisis by Addison Wiggin originally appeared in the Daily Reckoning.’

 

 

 

Tighter Credit Suggests Stocks Should Fall  The Wall Street Journal ‘All in all, the US stock-market selloff of the past couple of days has not been nearly as bad as it could have been, given that credit-market stress indicators are pushing to levels not seen since the 2008-09 crisis.

It might only be a matter of time before stocks catch up, however.

The US market has been buoyed by a string of better-than-expected economic reports that have helped encourage the belief that the US is a relatively safe haven, insulated from the problems of Europe.

But these data are coincident, or lagging, data at best, warns Mike Darda of MKM Partners. Leading indicators are found in the credit markets and are pointing to tighter financial conditions — and lower stock prices — in the future:

Pressures on sovereign debt markets in Europe have created concerns about collateral and capital in the European banking system, pushing funding spreads sharply wider (two-year euro interest rate swap spreads hit 114 bps today, a new 2011 high and not far from the October 2008 peak of 126 bps).

These pressures are also affecting the U.S. financial system and credit markets. Two-year interest rate swap spreads in the U.S. have hit new 2011 highs above 50 bps;  three-month FRA/OIS spreads (based on expectations of LIBOR settings)  hit 70 bps today. Three-month dollar LIBOR has set higher every day since late July.

Although U.S. credit markets are not nearly in the condition that European credit markets are, they are nonetheless deteriorating, which is one reason we should not take too much comfort in recent coincident data on sales and production that have yet to reflect the tighter financial conditions now in place.

U.S. short-term funding indicators suggest corporate-quality spreads could rise by more than 40%, a move that would likely spark at least a 10%-15% decline in the S&P 500 from current levels. FRA/OIS spreads tend to lead corporate spreads by about one month. They also have led the S&P 500 equity index by about that interval over most of the last two years. At current levels (near 70 bps), the FRA/OIS spreads suggest corporate spreads will widen by  40-50%. This would be tantamount to Baa/Aaa spreads rising to 190 bps from 127 bps, which would mark new highs for the year.

A similar surge in high yield spreads from here would place them at  669 bps, also new highs for the year. The S&P 500 equity index, which tends to move inversely to the level of credit spreads, would most likely decline by at least 10%-15%  if this scenario unfolds,  which would place the S&P 500 back below 1100.

As for the recent patch of stronger-than-expected economic data, let’s not forget that real GDP expanded by 3.6% in Q207 and then by 3% in Q307, right as the business cycle peaked. Credit markets and financial conditions  lead the business cycle; coincident data tell us where we are or have been. At turning points, coincident data—which tend to be extrapolated forward by Wall Street forecasters—can be misleading. And costly.’

 

 

 

The Chart That Trumps Analysts Call for a Year-End Rally Simon Maierhofer | ETFguide

 

 

 

 

Train Reading: Tiger Woods Vs. Bill Miller The Wall Street Journal

What do Tiger Woods and Bill Miller have in common? — Abnormal Returns { So absolutely preposterous is the notion (as per this article) of comparison of golf / golfers, to stock trading / traders, I felt compelled to comment here for the record. I’ve always viewed golf / golfers in a favorable light. Indeed, as kids we literally ‘did everything’ at the affluent ‘Arcola Country Club’ [which bordered the ‘Rainbows End’ riding stables (horses) for hire to the public]. From hunting, to fishing, to sleigh-riding, to ice-skating / hockey, to campfires on the ice at night, to of course, golfing ‘the back-nine’ with golf balls amply supplied from ‘the rough’, we were ‘tacitly approved’ interlopers whose occasional interaction with the extremely civilized affluent members was always amicably cordial and a pleasure. While I always liked golf and admire the skill involved, I hardly considered it a ‘sport’ per se (and for me and my body type, insufficient exercise for the amount of time spent). Rather, I thought of golf as a gentleman’s indulgent diversion, and the golf course itself a place of peaceable beauty. Those are good things. On the other hand, traders and wall street particularly are so sordid and despicable so as to make any such comparisons a stretch at best and sheer nonsense at worse. There are very few successful traders over time as probabilities eventually catch up. Moreover, ‘inside help’ / connections eventually (except for the biggest frauds – ie., the big [ still unprosecuted ] boys, ie., goldmans, et als) dry up, fade away like old (mafia foot) soldiers. Additionally, the high volume computerization / programmed / manipulated High Frequency Trading have left most not connected to said churn-and-earn scam / fraud in the dust. No … do not insult golfers by comparing them with traders; and, do not disparage golf by speciously comparing it to trading or any other sordid activity connected to fraudulent wall street; they are as dissimilar as ‘day and night’. }

What do financial stocks and Russian roulette have in common? — Reformed Broker

The Super Committee’s worst-case scenario — The Atlantic

Should some bankers be prosecuted? — New York Review of Books

Learning to love a lost decade — FT Alphaville

ADP chief’s exit followed SC arrest — Footnoted

Live updates of Occupy Wall Street today, with videos, photos — The Atlantic, New York Times

The markets are getting nothing for Christmas — Market Anthropology

The ECB’s monetary policy game for the iPhone is suitably policy constricted — Reuters

Large Hadron Collider may have found crack in modern physics — Wired

 

 

 

Stocks sink after Fitch warns on US bank exposure AP

 

Citi Economist Warns of Imminent Spanish, Italian Default  The Wall Street Journal (11-16-11)

 

Euro-Dollar Basis Swap Cost at 2008 Crisis Levels The Wall Street Journal


Financials Drag Market Lower, Fitch Raises Doubts About Euro Hedge Effectiveness The Wall Street Journal Gongloff (11-16-11) 

 

 

 

Stocks Making Risky Bet on Massive ECB Money Printing The Wall Street Journal


$15,OOO,OOO,OOO,OOOBAMA! - It's Official: Total US Debt Passes $15 Trillion DEBT CLOCKS:  U.S. -  http://usdebtclock.org      World -  http://usdebtclock.org/world-debt-clock.html


 
Bob Chapman: Surviving The Banker Sociopaths The Alex Jones Channel | Alex talks with regular Friday guest Bob Chapman of the International Forecaster.

 

Ignore The Noise Of High Frequency Trading Forbes Ken Kamen [ Unfortunately, though not a perfect analogy, that’s like having said, ignore dillinger, sutton, etc., because the banks will still be open the next day (after their robberies). The problem is that ‘money’ siphoned off by the ‘churn-and-earn’ has to come from some place; viz., ie., main street, tax payers, etc.. Dave’s Daily http://www.etfdigest.com  ‘Perhaps this is now the “no news is good news” market since a rally on Berlusconi’s resignation is beyond irrational. But, we’re long so I shouldn’t complain too much even though emotionally there isn’t much to like overall. The only bullish thing is the action of the tape and this is the season when bulls can make their year. Speaking of HFTs and algos, HFT issues are thoroughly covered with HFT Alert founder Steve Hammer and myself in the video interview below. The presentation contains two parts: the first outlines HFT basics—how they work and their controversial impact on financial markets. The second part we discuss how traders can benefit or make money by using HFT Alert’s unique trading services. http://www.youtube.com/watch?feature=player_embedded&v=NzfmT4vGXZY [ ‘Off to the golf course’, indeed. Those are Mr. Hammer’s concluding remarks. Not because he’s a trader, but because he’s selling this ‘very functional in terms of what’s going on’ package. The truth is that even today, at lightning speeds, there are very few successful traders (as distinguished from investors, and there is a huge distinction, though much less so today)(over the longer term and is akin to the apposite old adage, ‘you can win a race but you can’t win at the races’). Indeed, some companies / brokerages employ them just for the volume / commissions they produce. Most telling, in this video, is the beginning wherein it’s explained that in literally a second(s), mere quotes can give rise to revenue (as with commissions, pieces of the action) which has to come from someplace. The problem is that ultimately, this ‘churn-and-action’ computer programmed action at ‘lightning speed’ is parasitic inasmuch as it is without any economic utility whatsoever in real economic terms as are commissions in ‘after-market stock trading’ (as distinguished from initial ipo’s) that are tantamount to a tax on the real economy; hence, the benefit to the frauds on wall street at the expense of and to the detriment of main street, taxpayers, and the populace in general, as we’ve seen and continue to see. 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’. What to Expect Next From the Markets Minyanville  Jeffrey Cooper ‘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, Amazon, Baidu, IBM, and Caterpillar { 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..’} Then there’s the fed complicity in these various wall street scams by way of QE’s / dollar debasement which of course benefits the frauds on wall street to the detriment of literally everyone else. ]So, as indicated stock prices shot higher on the Berlusconi news. Gold prices saw some profit-taking, the dollar was weaker, commodities stronger and bonds weaker.Volume was on the light side and breadth per the WSJ was quite positive…’ ] 


 

This is No Cyclical Recession… It is a Secular DE-pression To put US household debt levels into a historical perspective, in order for US households to return to their long-term average for leverage ratios and their historic relationship to GDP growth we’d need to write off between $4-4.5 TRILLION in household debt (an amount equal to about 30% of total household debt outstanding).

 

 

David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending



Do Valuation Metrics Still Apply or Has The Market Become Untradable? Simon Maierhofer Etf Guide [ Short answers: No and yes the market has become ‘untradable’ for investors. I would add that the ‘debased dollar policies’ (ie., QE’s, overprinting of paper currencies / dollars, etc.) enable sales / revenues to be booked with ‘more’ of the inflated dollars relative to costs booked at the ‘fewer / greater value’ dollars which spikes earnings but leads to the inevitable margin erosion when the reported costs ‘catch up’ in terms of inflated ‘Weimar’ dollars. Hence, even the averages when deflated for real inflation (see Faisal infra) show a far less sanguine picture (than say, hard assets, ie., gold, etc.). Even more important is the effect of the HFT programmed trades (the current article follows):…

 

 

Hit With Big Withdrawals, Fed Sells Assets, Borrows Cash Posted by: ilene Post date: 11/06/2011 - 17:13 We'll have to see what hits the fan this week.

 

 

Dave’s Daily http://www.etfdigest.com  ‘Perhaps this is now the “no news is good news” market since a rally on Berlusconi’s resignation is beyond irrational. But, we’re long so I shouldn’t complain too much even though emotionally there isn’t much to like overall. The only bullish thing is the action of the tape and this is the season when bulls can make their year. Speaking of HFTs and algos, HFT issues are thoroughly covered with HFT Alert founder Steve Hammer and myself in the video interview below. The presentation contains two parts: the first outlines HFT basics—how they work and their controversial impact on financial markets. The second part we discuss how traders can benefit or make money by using HFT Alert’s unique trading services.

http://www.youtube.com/watch?feature=player_embedded&v=NzfmT4vGXZY

[ ‘Off to the golf course’, indeed. Those are Mr. Hammer’s concluding remarks. Not because he’s a trader, but because he’s selling this ‘very functional in terms of what’s going on’ package. The truth is that even today, at lightning speeds, there are very few successful traders (as distinguished from investors, and there is a huge distinction, though much less so today)(over the longer term and is akin to the apposite old adage, ‘you can win a race but you can’t win at the races’). Indeed, some companies / brokerages employ them just for the volume / commissions they produce. Most telling, in this video, is the beginning wherein it’s explained that in literally a second(s), mere quotes can give rise to revenue (as with commissions, pieces of the action) which has to come from someplace. The problem is that ultimately, this ‘churn-and-action’ computer programmed action at ‘lightning speed’ is parasitic inasmuch as it is without any economic utility whatsoever in real economic terms as are commissions in ‘after-market stock trading’ (as distinguished from initial ipo’s) that are tantamount to a tax on the real economy; hence, the benefit to the frauds on wall street at the expense of and to the detriment of main street, taxpayers, and the populace in general, as we’ve seen and continue to see. 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’. What to Expect Next From the Markets Minyanville  Jeffrey Cooper ‘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, Amazon, Baidu, IBM, and Caterpillar { 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..’} Then there’s the fed complicity in these various wall street scams by way of QE’s / dollar debasement which of course benefits the frauds on wall street to the detriment of literally everyone else. ]

So, as indicated stock prices shot higher on the Berlusconi news. Gold prices saw some profit-taking, the dollar was weaker, commodities stronger and bonds weaker.Volume was on the light side and breadth per the WSJ was quite positive…’



Barclays Says Italy Is Finished: "Mathematically Beyond Point Of No Return"

 

 

 

 

Unique Historic Precedents Suggest Lower Prices    http://finance.yahoo.com/news/Unique-Historic-Precedents-etfguide-1382828970.html?x=0&.v=1 

 

 

12 Reasons To Be Extremely Pessimistic About The Direction That The Economy Is Headed    The American Dream
November 2, 2011 ‘Do you want to feel optimistic about the U.S. economy?  If so, you might not want to read the rest of this article.  In many areas of the United States today, you can almost smell the fear and the anxiety in the air.  Survey after survey has found that the American people are extremely pessimistic about the direction the economy is headed.  In fact, many recent surveys have found that economic pessimism is at the highest levels ever recorded.  There has been an astonishing loss of faith in the system.  In general, people are extremely dissatisfied with how things are going right now, and they do not believe that things will get better any time soon.  When the majority of the population starts losing hope like that, it creates a very unstable economic environment.  Once people are gripped by desperation, they start behaving much differently.  Desperate people do desperate things, and we are already starting to see this in many parts of the country.

It would be great if there was some reason to be optimistic about things, but our leaders continue to pursue the same failed policies that got us into this mess in the first place.

The statistics that you are about to read should alarm you.  The American people have gotten it into their heads that things are bad and that they are going to get even worse.

Unfortunately, the American people are correct about that.

The following are 12 reasons to be extremely pessimistic about the direction that the economy is headed right now….

#1 A big chunk of the American people are flat broke.  According to one recent survey, one-third of all Americans say that they have absolutely no spare cash.

#2 The budgets of American families are being stretched incredibly thin and the savings rate is going down again.  In fact, the savings rate in September was the lowest that it has been since December 2007.

#3 Back in 2001, Gallup began asking Americans about how they feel about the state of their own personal finances.  In October, Gallup once again asked this question, and 22 percent of the respondents rated their personal financial situations as “poor”.  That is the highest number that Gallup has ever seen.  In addition, the gap between the number of Americans that said that their finances were “getting worse” and the number of Americans that said their finances were “getting better” was also the largest that Gallup has ever seen.

#4 Overall, Americans are very depressed about the state of the U.S. economy.  According to a recent Associated Press-GfK poll, 43 percent of all Americans believe that the economy is in “very poor” shape.

#5 Big corporations continue to lay off more American workers.  For example, Whirlpool has just announced that it will be slashing 5,000 more jobs in the United States and Europe.

#6 Americans seem to have an incredibly dim view of the job market.  One recent survey discovered the following….

This month, just 9% of Americans would rate the job market of their region of the nation as good while 67% would rate it as bad and one-quarter (24%) say it is neither good nor bad.

#7 If nearly all Americans believe that something bad is going to happen, does that make it more likely that it actually will happen?  A recent IBOPE Zogby Interactive Poll found that 95 percent of all Americans are “somewhat concerned” or “very concerned” that we are headed for a double-dip recession.

#8 The American people are also overwhelmingly pessimistic about the housing market.  In fact, the same IBOPE Zogby Interactive Poll referenced above found that 89 percent of all Americans are “somewhat concerned” or “very concerned” that there will be an increase in foreclosures over the next two years.

#9 Older Americans tend to be cranky in general, but the amount of pessimism that they are exhibiting about the economy right now is absolutely stunning.  The following comes from a recent article in the Huffington Post….

Older workers are gloomier about the economy now than they were last year.

Nearly two thirds of workers older than 50 first surveyed by AARP’s Public Policy Institute in 2010 said things had gotten worse by the time the senior lobbying powerhouse followed up in August. Fewer than one in 10 said their view of the economy had improved. The rest said things had stayed the same.

#10 The consensus among the American people seems to be that the economy will get even worse leading up to the election in 2012.  The following is what one recent telephone survey discovered….

By a 49%-35% margin, Americans say they expect the U.S. economy to worsen between now and the November 2012 presidential election.

#11 The U.S. national debt is an anchor around our necks that just gets heavier and heavier as time goes by.  The U.S. government is now about 15 trillion dollars in debt, and a recent Allstate-National Journal poll discovered that 79 percent of all Americans “believe the federal debt and deficit have a meaningful impact on their personal finances.”

#12 The financial crisis in Europe just seems to get worse by the day.  The United States is already teetering on the edge of an economic disaster, and if Europe experiences a big time financial crash it seems extremely unlikely that we would be able to avoid another major recession.

 

Things simply do not look very promising for the economy right now.

As I wrote about recently, there are a lot of signs that the American people are already extremely angry and frustrated by what is happening to the economy.

So what is going to happen if things get significantly worse?

Unfortunately, there simply are not any “quick fixes” which are going to put us back “on course”.  The consequences that we are experiencing now are the result of decades of bad decisions.  The American people kept sending incompetents, con men and charlatans back to Washington D.C. over and over and over and now we are going to pay the price.

The prosperity of the last 30 years was a false prosperity.  We squandered our national inheritance and we lived the “high life” by piling up mountains of debt unlike anything that the world has ever seen before.

In the end, there is always a very high price for “living for today” at the expense of the future.  Tomorrow always ends up arriving way too soon, and future generations will curse us for being so foolish.

The party was great while it lasted, but it is coming to an end.

A whole lot of economic trouble is on the horizon, and it is going to be very, very painful.’

 

 

 

 

Don't Be Fooled - Here's The Real Reason For This Week's Meltdown – ETFguide Simon Maierhofer, 11-1-11  A picture says more than a thousand words and a chart explains more than a thousand analysts' opinions (literally). Profitable investing depends on the credibility of your research sources. This article will contrast the one chart that's predicted every recent turn weeks in advance and conventional Wall Street wisdom.

Wall Street 'Wisdom'

Wall Street made us believe that last Thursday's 3% rally across the board - Dow Jones (DJI: ^DJI), S&P (SNP: ^GSPC), Nasdaq (Nasdaq: ^IXIC), banks (NYSEArca: KBE - News), financials (NYSEArca: XLF - News), technology (NYSEArca: XLK - News), you name it - was because of a comprehensive European (NYSEArca: VGK - News) debt deal that would solve all problems.

Here are some of the headlines that reflect Wall Street's 'wisdom:'

Forbes: 'Europe three-point debt salvation plan lets bulls free'

Breakout: 'Don't fight the rally: Stocks soar after Europe deal'

Reuters: 'Wall Street soars on hopes EU finally has a fix'

ETFTrends: 'S&P 500 ETFs rally over the 200-day average opens door for year-end rally' (more about the significance of the 200-day average in a moment)

Zachs: 'S&P 1,350 is not a stretch'

Even Greece's Prime Minister George Papandreou was moved to confirm that: 'The debt is absolutely sustainable now. Greece can settle its accounts from the past now, once and for all.'

Today, news that Greece could default on its debt and drop out of the European currency hit the fan.

Trend Following Technicals Turn Up

In all fairness, trend following technicals did turn up. It was even possible to interpret the market's push as a technical breakout. The October 30 ETF Profit Strategy update acknowledged and warned that: 'Trend following technicals, momentum, sentiment and seasonality suggest higher prices. But trend following technicals can be treacherous and we'll do well to view this rally with suspicion.'

In addition to just being suspicious, the update recommended to go short if the S&P falls below 1,270. S&P 1,270 is not just some random number, it was crucial support. The chart below, featured in the October 14 ETF Profit Strategy Newsletter, shows why:

The Most Reliable Roadmap

The chart shows several distinct parallels between the 2007/08 market top and today.

                       https://www.etfguide.com//contributor/UserFiles/8/Image/222.gif  

1) In 2007/08 the S&P touched the yellow trend line twice before slicing through it. The same occurred in 2011.

2) A break below the yellow trend line in 2008 led to a freefall decline. The same occurred on August 2, 2011. On July 31, the ETF Profit Strategy update warned that: 'A break below the 200-day SMA and the trend line may trigger panic selling.'

3) The initial 2008 low was followed by sideways trading and another low. The same occurred in 2011. The August 9 low at S&P 1,102 was followed by another low on October 4 at 1,077.

The October 2 ETF Profit Strategy update expected this low and foretold that: 'The ideal market bottom would see the S&P dip below 1,088 intraday, followed by a strong recovery and a close above 1,088.'

4) This low was followed by a retest of the yellow trend line in 2008. The equivalent 2011 yellow trend line ran through S&P 1,270.

The October 2 update stated that: 'From a technical point of view this counter trend rally should end somewhere around 1,275 - 1,300.'

The October 14 update warned that it wouldn't 'feel' right to short the S&P above 1,270: 'By the time the S&P gets to rendezvous with the yellow trend lines, optimism (at least to a certain degree) will be back and the media will probably tell us that a larger European debt crisis has been averted. It will take a strong contrarian conviction to short the markets at that time.'

Of course there's more to investing than blindly following a previous pattern that may or may not come true.

But as long as other research components such as seasonality and sentiment confirmed what the 2008 outline predicted, there was no reason to doubt it.

The Bottom Might Fall Out

Based solely on the 2008 script, stocks are due for much lower prices…’

 

 

 

Nobel Prize-Winning Economist: “War Is Widely Thought To Be Linked To Economic Good Times … NONSENSE” Washington’s Blog | Contrary to a Common Myth, War is Bad for the Economy Washington’s Blog
November 1, 2011

Contrary to a Common Myth, War is Bad for the Economy

Nobel prize winning economist Paul Krugman wrote yesterday:

Military spending does create jobs when the economy is depressed. Indeed, much of the evidence that Keynesian economics works comes from tracking the effects of past military buildups.

(Mr. Krugman has said the same thing many times in the past. And many other influential people havesaid the same thing.)

I am not a Nobel prize winning economist … but Joseph Stiglitz is.

Stiglitz wrote in 2003:

War is widely thought to be linked to economic good times. The second world war is often said to have brought the world out of depression, and war has since enhanced its reputation as a spur to economic growth. Some even suggest that capitalism needs wars, that without them, recession would always lurk on the horizon.

Today, we know that this is nonsense. The 1990s boom showed that peace is economically far better than war. The Gulf war of 1991 demonstrated that wars can actually be bad for an economy.

Stiglitz has also said that this decade’s Iraq war has been very bad for the economy. See thisthis andthis.

A No-Brainer

This is a no-brainer, if you think about it.

We’ve been in Afghanistan for almost twice as long as World War II. We’ve been in Iraq for years longer than WWII. We’ve been involved in 7 or 8 wars in the last decade. And yet still in a depression. (And see this).

If wars really helped the economy, don’t you think things would have improved by now?

Indeed, the Iraq war alone could end up costing more than World War II. And given the other wars we’ve been involved in this decade, I believe that the total price tag for the so-called “War on Terror” will definitely support that of the “Greatest War”.

Additional Reasons War Is Bad for the Economy

The New Republic noted in 2009:

Conservative Harvard economist Robert Barro has argued that increased military spending during WWII actually depressed other parts of the economy.

Also from the right, Robert Higgs has done good work showing that military spendingwasn’t the primary source of the recovery and that GDP growth during WWII has been “greatly exaggerated.”

And from the left, Larry Summers and Brad Delong argued back in 1988 that “five-sixths of the decline in output relative to the trend that occurred during the Depression had been made up before 1942.”

Economist James Galbraith has shown that war always causes inflation, which hurts the average American:

Inflation applies the law of the jungle to war finance. Prices and profits rise, wages and their purchasing power fall. Thugs, profiteers and the well connected get rich. Working people and the poor make out as they can. Savings erode, through the unseen mechanism of the “inflation tax” — meaning that the government runs a big deficit in nominal terms, but a smaller one when inflation is factored in.

(Ben Bernanke says that inflation is a tax, and Dylan Grice notes that inflation causes societies to prosecute minorities.   And – sorry – but we can’t inflate our way out of our debt trap.)

As I noted last year:

All of the spending on unnecessary wars adds up.

The U.S. is adding trillions to its debt burden to finance its multiple wars in Iraq, Afghanistan, Yemen, etc.

Two top American economists – Carmen Reinhart and Kenneth Rogoff – show that the more indebted a country is, with a government debt/GDP ratio of 0.9, and external debt/GDP of 0.6 being critical thresholds, the more GDP growth drops materially.

Specifically, Reinhart and Rogoff write:

The relationship between government debt and real GDP growth is weak for debt/GDP ratios below a threshold of 90 percent of GDP. Above 90 percent, median growth rates fall by one percent, and average growth falls considerably more. We find that the threshold for public debt is similar in advanced and emerging economies…

Indeed, it should be obvious to anyone who looks at the issue that deficits do matter.

A PhD economist [Michel Chossudovsky] told me:

War always causes recession. Well, if it is a very short war, then it may stimulate the economy in the short-run. But if there is not a quick victory and it drags on, then wars always put the nation waging war into a recession and hurt its economy.

You know about America’s unemployment problem. You may have even heard that the U.S. may very well have suffered a permanent destruction of jobs.

But did you know that the defense employment sector is booming?

As I pointed out in August, public sector spending – and mainly defense spending – has accounted for virtually all of the new job creation in the past 10 years:

The U.S. has largely been financing job creation for ten years. Specifically, as the chief economist for BusinessWeek, Michael Mandel, points out, public spending has accounted for virtually all new job creation in the past 10 years:

Private sector job growth was almost non-existent over the past ten years. Take a look at this horrifying chart:

http://www.businessweek.com/the_thread/economicsunbound/archives/longjobs1.gif

Between May 1999 and May 2009, employment in the private sector sector only rose by 1.1%, by far the lowest 10-year increase in the post-depression period.

It’s impossible to overstate how bad this is. Basically speaking, the private sector job machine has almost completely stalled over the past ten years. Take a look at this chart:

http://www.businessweek.com/the_thread/economicsunbound/archives/longjobs2.gif

Over the past 10 years, the private sector has generated roughly 1.1 million additional jobs, or about 100K per year. The public sector created about 2.4 million jobs.

But even that gives the private sector too much credit. Remember that the private sector includes health care, social assistance, and education, all areas which receive a lot of government support.

***

Most of the industries which had positive job growth over the past ten years were in the HealthEdGov sector. In fact, financial job growth was nearly nonexistent once we take out the health insurers.

Let me finish with a final chart.

http://www.businessweek.com/the_thread/economicsunbound/archives/longjobs4.gif

Without a decade of growing government support from rising health and education spending and soaring budget deficits, the labor market would have been flat on its back.

Indeed, Former Secretary of Labor Robert Reich lamented last year

America’s biggest — and only major — jobs program is the U.S. military.

Back to my essay:

Raw Story argues that the U.S. is building a largely military economy:

The use of the military-industrial complex as a quick, if dubious, way of jump-starting the economy is nothing new, but what is amazing is the divergence between the military economy and the civilian economy, as shown by this New York Times chart.

In the past nine years, non-industrial production in the US has declined by some 19 percent. It took about four years for manufacturing to return to levels seen before the 2001 recession — and all those gains were wiped out in the current recession.

By contrast, military manufacturing is now 123 percent greater than it was in 2000 — it has more than doubled while the rest of the manufacturing sector has been shrinking…

It’s important to note the trajectory — the military economy is nearly three times as large, proportionally to the rest of the economy, as it was at the beginning of the Bush administration. And it is the only manufacturing sector showing any growth. Extrapolate that trend, and what do you get?

The change in leadership in Washington does not appear to be abating that trend…[121]

So most of the job creation has been by the public sector. But because the job creation has been financed with loans from China and private banks, trillions in unnecessary interest charges have been incurred by the U.S.And this shows military versus non-military durable goods shipments:

http://marketoracle.co.uk/images/2010/Jan/us-collapse-18-11.gif

[Click here to view full image.]

So we’re running up our debt (which will eventually decrease economic growth), but the only jobs we’re creating are military and other public sector jobs.

PhD economist Dean Baker points out that America’s massive military spending on unnecessary and unpopular wars lowers economic growth and increasesunemployment:

Defense spending means that the government is pulling away resources from the uses determined by the market and instead using them to buy weapons and supplies and to pay for soldiers and other military personnel. In standard economic models, defense spending is a direct drain on the economy, reducing efficiency, slowing growth and costing jobs.

A few years ago, the Center for Economic and Policy Research commissioned Global Insight, one of the leading economic modeling firms, to project the impact of a sustained increase in defense spending equal to 1.0 percentage point of GDP. This was roughly equal to the cost of the Iraq War.

Global Insight’s model projected that after 20 years the economy would be about 0.6 percentage points smaller as a result of the additional defense spending. Slower growth would imply a loss of almost 700,000 jobs compared to a situation in which defense spending had not been increased. Construction and manufacturing were especially big job losers in the projections, losing 210,000 and 90,000 jobs, respectively.

The scenario we asked Global Insight [recognized as the most consistentlyaccurate forecasting company in the world] to model turned out to have vastly underestimated the increase in defense spending associated with current policy. In the most recent quarter, defense spending was equal to 5.6 percent of GDP. By comparison, before the September 11th attacks, the Congressional Budget Office projected that defense spending in 2009 would be equal to just 2.4 percent of GDP. Our post-September 11th build-up was equal to 3.2 percentage points of GDP compared to the pre-attack baseline. This means that the Global Insight projections of job loss are far too low…

The projected job loss from this increase in defense spending would be close to 2 million. In other words, the standard economic models that project job loss from efforts to stem global warming also project that the increase in defense spending since 2000 will cost the economy close to 2 million jobs in the long run.

The Political Economy Research Institute at the University of Massachusetts, Amherst has also shown that non-military spending creates more jobs than military spending.

So we’re running up our debt – which will eventually decrease economic growth – and creating many fewer jobs than if we spent the money on non-military purposes.

As I wrote last year:

It is ironic that America’s huge military spending is what made us an empire … but our huge military is what is bankrupting us … thus destroying our status as an empire.

Even Admiral Mullen seems to agree:

The Pentagon needs to cut back on spending.

“We’re going to have to do that if it’s going to survive at all,” Mullen said, “and do it in a way that is predictable.”

Indeed, Mullen said:

For industry and adequate defense funding to survive … the two must work together. Otherwise, he added, “this wave of debt” will carry over from year to year, and eventually, the defense budget will be cut just to facilitate the debt.

Former Secretary of Defense Robert Gates agrees as well. As David Ignatius wrote in the Washington Post in May:

After a decade of war and financial crisis, America has run up debts that pose a national security problem, not just an economic one.

***

One of the strongest voices arguing for fiscal responsibility as a national security issue has been Defense Secretary Bob Gates. He gave a landmark speech in Kansas on May 8, invoking President Dwight Eisenhower’s warnings about the dangers of an imbalanced military-industrial state.

“Eisenhower was wary of seeing his beloved republic turn into a muscle-bound, garrison state — militarily strong, but economically stagnant and strategically insolvent,” Gates said. He warned that America was in a “parlous fiscal condition” and that the “gusher” of military spending that followed Sept. 11, 2001, must be capped. “We can’t have a strong military if we have a weak economy,” Gates told reporters who covered the Kansas speech.

On Thursday the defense secretary reiterated his pitch that Congress must stop shoveling money at the military, telling Pentagon reporters: “The defense budget process should no longer be characterized by ‘business as usual’ within this building — or outside of it.”

While some might want to start another war, America’s top military leaders and economists say that would be a very bad idea.

Indeed, military strategists have known for 2,500 years that prolonged wars are disastrous.

Note 1: Security experts – conservative hawks and liberal doves alike – agree that waging war in the Middle East weakens national security and increases terrorism. See thisthisthisthisthisthis and this.

Terrorism – in turn – terrorism is bad for the economy.  Specifically, a study by Harvard and the National Bureau of Economic Research (NBER) points out:

From an economic standpoint, terrorism has been described to have four main effects (see, e.g., US Congress, Joint Economic Committee, 2002). First, the capital stock (human and physical) of a country is reduced as a result of terrorist attacks. Second, the terrorist threat induces higher levels of uncertainty. Third, terrorism promotes increases in counter-terrorism expenditures, drawing resources from productive sectors for use in security. Fourth, terrorism is known to affect negatively specific industries such as tourism.

The Harvard/NBER concludes:

In accordance with the predictions of the model, higher levels of terrorist risks are associated with lower levels of net foreign direct investment positions, even after controlling for other types of country risks. On average, a standard deviation increase in the terrorist risk is associated with a fall in the net foreign direct investment position of about 5 percent of GDP.

So the more unnecessary wars American launches and the more innocent civilians we kill, the less foreign investment in America, the more destruction to our capital stock, the higher the level of uncertainty, the more counter-terrorism expenditures and the less expenditures in more productive sectors, and the greater the hit to tourism and some other industries.

Moreover:

Terrorism has contributed to a decline in the global economy (for example, European Commission, 2001).

So military adventurism increases terrorism which hurts the world economy. And see this.

Note 2: True conservatives are anti-war.’


 

 

 

SPX and NDX Update: A Disturbing Look at Fundamentals, and the Rally Explained  Jason Haver Oct 31, 2011John Mauldin, whom I have a great deal of respect for, put forth a very convincing and enlightening argument this weekend (see European Summit: A Plan With No Details.) I'm going to try to summarize his argument as succinctly as possible, but do note that the credit for this information goes to him.
 

 

 

Don’t count on us to help you out of your single-currency hole, China tells Europe UK Daily Mail | The decision to ask China for cash was seen as a watershed moment in the shift of economic power.

 

 

Graham Summers’ Weekly Market Forecast (Wake Up Call Edition)  Phoenix Capital... 10/31/2011 The markets flew into this deal based on rumors and short-covering and are now waking up to the plain obvious facts that you cannot solve a debt problem with more debt.  So the financial world has collectively woken up and realized that the latest EU bailout scheme is fraught with problems and loose ends. Amongst the various problems are:

1)   The Greek private bondholders are furious that the ECB isn’t taking a haircut on its bonds too.

2)   German courts and voters aren’t too pleased with Merkel’s decision to go “all in” on the Euro experiment.

3)   The Greek default isn’t nearly large enough to render Greece solvent again

4)   The default has set a precedent for the other PIIGS countries to follow

5)   The CDS/ derivative issue regarding Greece’s default is not over by any stretch

6)   The entire EU banking system remains far too leveraged (26 to 1) and needs another $1.5+ trillion in capital at the minimum.

The markets flew into this deal based on rumors and short-covering and are now waking up to the plain obvious facts that you cannot solve a debt problem with more debt. Also, it might be worth considering just where the EFSF bailout money will be coming from when various EU members can’t even stage successful bond auctions without the ECB stepping in.

Again, the primary issue for the EU is a lack of capital. There is TOO MUCH debt there. And issuing more debt, no matter how cheap, is not going to help. Especially when your strongest member (Germany) sports a REAL debt to GDP above 200% and hasn’t recapitalized its banks.

So the EU will be crumbling in the coming weeks. This was the final hurrah for the EU and the Euro in its current form. On that note, the Euro was rejected at resistance at 142 and has already taken out support at 140.

http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/10/sc-4.png

Once we take out 139, look for this breakdown to pick up steam (pulling stocks with it).

http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/10/sc-5.png  

Indeed, the financial world is talking about how this was the biggest move in stocks since 1974. Unfortunately, few remember that after that move in 1974, the markets cratered.

Some thoughts on stocks… isn’t it a little strange that the market fell exactly 20% (the “official” bear market level) before kicking off the biggest ramp job in 30 years? How about the fact that this move came for no real reason other than rumors of another bailout (what are we on #3 for this?).

Can this move really be attributed to Euro choosing to let Greece default (which is what happened in reality)?

http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/10/sc-7.png

Regardless, stocks were deflected from resistance at 1,275 or so. They’re now on their way down again. The market is extremely overbought and susceptible to a fast violent move downwards.

Indeed, the credit markets remain jammed up and are anticipating even more haircuts from Greece. And the rest of the PIIGS will be following suit in the default game.

Ignore stocks, they’re ALWAYS the last to “get it.” The credit markets are jamming up just like they did in 2008. The banking system is flashing all the same signals as well.

So if you have not already taken steps to prepare for systemic failure, you NEED to do so NOW. We're literally at most a few months, and very likely just a few weeks from Europe's banks imploding.

What happened in 2008 was literally just the warm up. The REAL DEAL is coming in the next 14 months. And it’s going to involve corporate, financial, and sovereign defaults…’

 

You Won’t BELIEVE How Much Money Jon Corzine Could Walk Away With From MF Global Business Insider | The big story of the day in finance is the bankruptcy of MF Global.

 

 

 China Says Not So Fast On Rescue   http://www.thestreet.com/_yahoo/video/11292710/buy-and-hold-is-dead-buy-and-hedge-instead.html?cm_ven=YAHOOV&cm_cat=FREE&cm_ite=NA&s=1#1250281566001   , MF Global Caught in Death Spiral , Sell H-P! Against the Grain ,  Mon 10/31/11

 

 

 

Are Ratings Agencies Taking Bribes? Wall St. Cheat Sheet’October 31, 2011,Credit-rating companies like Moody’s Investors Service and Fitch Ratings routinely award higher rankings to debt issued by banks and corporations that pay them the most, a conflict of interest that Congressional may be unable to do anything about.

 

 

 

Why Last Week's Euro Fix Won't Do the Trick ETFguide Simon Maierhofer, On Monday October 31, 2011, ‘The S&P (SNP: ^GSPC) surged over 3% last Thursday. Why? In a financial episode that starts to look more and more like the 1993 movie Groundhog Day, European leaders once again received credit for engineering this rally.

More specifically, the euro-zones three-pronged approach to fix the debt crisis was viewed by the market as the cure to all problems.

However, a closer look at the Brussels salvation plan reveals nothing but flaws. So why did stocks rally and will the rally last?

3 Steps to Save Europe

Here's the plan outlined by European leaders last Thursday:

1) Private investors agree to a 50% haircut on their Greek bond holdings.

2) The European Financial Stability Facility (EFSF) will be increased to $1.4 trillion.

3) European banks need to bring their Tier 1 capital ratios up to 9%.

3 Problems of the 3 Steps to Save Europe

1) Private sector creditors such as insurers, banks, and funds are expected to take losses of about $140 billion on Greek bonds. To protect against such losses, large institutions tend to buy credit default swaps (CDS). CDS act like insurance.

However, since Greece did not technically default, the International Swaps and Derivatives Association (ISDA) is unlikely to consider the restructuring an event that will trigger CDS payouts.

In other words, CDS (the insurance policy of choice for financial conglomerates) won't pay. This could lead to an implosion of the sovereign CDS market. This in turn would severely reduce demand for government bonds. Who wants to buy risky bonds knowing that the 'insurance company' won't pay?

2) The EFSF was funded with about $616 billion. About $266 billion have already been spent or earmarked; so about $350 billion remain to be spent. Who will contribute the $1.05 trillion to attain the targeted $1.4 trillion? Nobody.

The remaining $350 billion will be leveraged 4-5 times to produce the $1.4 trillion leveraged figure. Leveraged how? This has yet to be determined.

3) European banks - along with U.S. banks (NYSEArca: KBE - News) and financial institutions (NYSEArca: XLF - News) are already cash strapped. Bringing up their Tier 1 capital ratio will probably turn into a financial engineering exercise as raising actual cash - especially in Europe - is difficult…’

 

 

U.S. and Europe … “Self-Induced Stagnation,” says Economist Editor The Daily Ticker

 

 

Markets Remain in Cyclical Bear Market  Kevin Tuttle    Don’t be afraid of missing opportunities. Behind every failure is an opportunity someone wishes they missed.”–Lily Tomlin
 

 

Europe Will Make Lehman Look Like a Joke   http://gainspainscapital.com/?p=1010  Summers 10-28-11   ‘So now that one day has passed and we’ve seen a ridiculous 3% move in stocks based on a “bailout” that is nothing short of moronic (Greece is still insolvent and didn’t take a big enough default), the financial world is actually asking itself questions such as:

  1. Does giving a bankrupt nation more money right after it defaults a good idea?
  2. Does requiring an additional $100+ billion in capital for banks that need north of $1.77 trillion in new capital really accomplish anything?
  3. Do bailouts involving more leverage and debt work when the entire banking system is insolvent?

 

 

 

 

 

Is It Foolish to Get Excited About the Latest Deal to Save Europe? ETFguide    http://finance.yahoo.com/news/Is-It-Foolish-to-Get-Excited-etfguide-2444921710.html?x=0&.v=1   Simon Maierhofer, On Thursday October 27, 2011 ‘Before you get excited about the last minute Euro-Deal, consider this:

Wall Street has been dancing to Greece's (and by extension Europe's) whistle. If Greece says 'jump,' Wall Street jumps, if Greece says 'Sorry, false alarm,' Wall Street cries.

This sorry dance has been going on for nearly two years. Like an endless loop of chicken dance, this may be fun at first (about 2 minutes) but gets old real fast. If you are tired of Wall Street's 'chicken dance coverage' and want to know what's really going on and how to make money (or protect your assets), here's a no nonsense assessment of Europe.

Greece - Fool Me Once ...

Fool me once, shame on Greece, fool me twice, shame on me. Greece has been the scapegoat for every major sell off and catalyst for most rallies and dead dog bounces since January 2010.

Shame on you if you think everything's going to be hunky-dory just because Greece and/or its European pretend-to-be saviors announce another plan to come up with a plan.

The Problem

Here's the problem: Greece is broke and Greece has no significant revenue sources to pay off its debt. Foreign investors own about $385 billion worth of Greek government debt.

Many banks and governments that own Greek debt are at the brink of insolvency already, so Greece's inability to pay its debt may push other countries and their banks into a Greece-like position (that's called contagion).

Misleading Information

You can't trust statements from European officials because they are trying to prevent panic. Panic will make any kind of solutions more expensive and more difficult to execute.

Luxembourg's Prime Minister (also Chairman of regular eurozone meetings) blatantly admitted that: 'When it becomes serious, you have to lie.'

Obviously no political leader wants the eurozone to fall apart on their watch, so they pretend and extend and kick the can down the road far enough for it become someone else's problem (someone else will inevitably include rosy-eyed investors).

This postpones the inevitable, but the portfolios of investors who are faithful enough to trust such assessments suffer a death of thousand cuts. Just imagine where your portfolio would be if you sold everything when Greece first announced it had some 'minor' fiscal problems. Like tearing a bandage off a hairy leg, slower is more painful.

You also can't trust the media because they profit from sensationalist headlines, not sound investment advice. If that means they have to spoon-feed a consistent diet of 'Stocks bounce on hopes for a Europe fix' followed by 'Stocks plummet on fears over Europe,' then that's what they'll do. Fortunately we can choose not to partake from the junk food dished out by the media.

On a different note, have you noticed how bad news (such as downgrades) is reported after the close (particularly Fridays), while good news (or even just good rumors) are reported while the markets are open.

The (Only?) Plan

Let's just be realistic and just admit that Greece is as good as bankrupt. The country just doesn't have enough income to pay its debt load and keep the country functioning properly without outside financial support.

Eventually Greece's saviors will realize that this is a leaky bucket-like money pit. A sudden and unprepared Greek bankruptcy would shatter the eurozone unless Greece is quarantined first. The goal here would be to sequester ripple effects that would cripple Italy, Belgium, Portugal, Spain and whoever else is hiding in the closet.

Doing this wouldn't be cheap. To prepare for a such a quarantine (which is a more diplomatic term than ejection) from the eurozone, Europe (via the EFSF) would have to prepare and fund a fund that can pay for:

1) Defaulting Greek government debt

2) Shoring up banks that won't qualify for inter-bank credit

2) Make sure Italy and the next dominos in line are safe

Statfor Global Intelligence estimates the price tag to be about - drum roll - $3 trillion. The chart below visually explains the above-described process. Can Europe scrape together $3 trillion?

                            https://www.etfguide.com//contributor/UserFiles/8/Image/Greek%20Domino.gif

Doomed if You Do, Doomed if You Don't

I don't think it matters much, because the above plan doesn't take into account human emotions, panic, in particular. European banks' deposits at the European Central Bank (ECB) have already mushroomed. This means that already one bank doesn't trust another bank with their money.

The combination of liquidity drying up and assets imploding is a lethal one. What about those saying 'Things aren't that bad.'

Just consider Dexia. Dexia pased the European bank stress test with flying colors but still had to be rescued. Dexia is supposed to be rescued partially by the country of Belgium, but Belgium's national debt is already 100% of GDP. Depending on Dexia's actual losses, Belgium's national debt may soar to 120% of GDP just by having to bail out one bank. Do you know how many banks there are in Europe?

How To Make (or Protect Your) Money

The ETF Profit Strategy Newsletter doesn't specialize on European coverage, but it's provided some much needed common sense. On March 18, 2010 it stated that: 'Until now financial problems in various European countries have been minimized and swept under the carpet. The sub-prime crisis took more than a few weeks to rattle Wall Street. Chances are the investing world will need a bit more time to catch on to what really is happening with sovereign debt overseas.'

On July 17, the ETF Profit Strategy Newsletter recommended to short the iShares MSCI EAFE and iShares MSCI Emerging Markets (NYSEArca: EEM - News). Over the next couple weeks, EFA lost 22% and EEM 39%.

Under the headline 'Prepare for Bottom Fishing,' the newsletter recommended on September 23 to prepare for a market bottom and stated that: 'European stock market may get some relief over the next weeks/month. The same is true for EFA and EEM. Those markets are temperamental and will therefore bounce higher than U.S. stocks when the rally materializes. Aggressive investors may add some European/emerging or BRIC market exposure to their portfolio once we start buying U.S. stocks.'

We bought U.S. stocks on October 4 at S&P 1,088. The October 2 ETF Profit Strategy update outlined the ideal market bottom as follows: 'The ideal market bottom would see the S&P dip below 1,088 intraday followed by a strong recovery and a close above 1,088' and recommended to buy as soon as the S&P moved back above 1,088.

The The October 14 ETF Profit Strategy update stated the following price target: 'The S&P should rally to 1,255 - 1,xxx (reserved for subscribers).

The S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI) and Nasdaq (Nasdaq: ^IXIC) are up well over 17%, the VIX (Chicago Options: ^VIX) down over 80% since. The Vanguard MSCI Europe ETF (NYSEArca: VGK - News) is up nearly 30% while Wall Street is scratching its head over what just happened. How could the S&P soar 200 points in three weeks?

What's Next?

It would be naive to get excited about the latest euro news. 'Once burnt twice shy' wouldn't be a bad approach now and long positions should be kept on a tight leash. Sentiment and seasonality suggest higher prices, however technicals are in topping mode.

Today's intraday ETF Profit Strategy Newsletter update provides detailed recommendations on how to navigate this market constellation along with an out-of-the box analysis and actionable ETF profit strategies.’ 

 

 

Global Financial Crisis: Now in Game Form  The Wall Street Journal 

 

 

 

The Greek Deal Accomplishes Nothing… Systemic Risk is Coming   http://gainspainscapital.com October 27th, 2011 ‘The markets are exploding higher this morning on news of the expanded Euro Bailout. The numbers at the moment are

  1. A 50% haircut for private Greek bondholders
  2. European banks have eight months to raise about $147 billion in capital
  3. An expansion of the European Financial Stability facility to $1.3 trillion.

First off, let’s call this for what it is: a default on the part of Greece. Moreover it’s a default that isn’t big enough as a 50% haircut on private debt holders only lowers Greece’s total debt level by 22% or so.

Secondly, even after the haircut, Greece still has Debt to GDP levels north of 130%. And it’s expected to bring these levels to 120% by 2020.

And the IMF is giving Greece another $137 billion in loans.

So… Greece defaults… but gets $137 billion in new money (roughly what the default will wipe out) and is expected to still be insolvent in 2020.

Forgetting that any and all official estimates for Greece’s financial condition have been off by a mile, not to mention that Greece still hasn’t paid back its first round of bailout funds, this move is nothing short of moronic.

The reasons are:

  1. The default is not big enough (I expect Greek bondholders to get 20-30 cents back on the Dollar at best in the future)
  2. It accomplishes nothing of significance (Greece is still broke), and…
  3. It will trigger a credit event and has the makings of systemic risk.

Let’s put some of the other numbers from this deal into perspective. According to the agreement, European banks are supposed to raise $147 billion in new capital by June.

Well, German banks alone need to raise $173 billion in new capital. So… this new capital “requirement” from the deal is pointless.

Indeed, the European banking system as a whole is insolvent.

With OVER $46 trillion in assets outstanding, European banks would need to raise $1.77 TRILLION in capital to bring their leverage levels down to 13 to 1.

Yes… $1.7 TRILLION…

Now you see why the extra $147 billion in new capital is pointless. It’s like pouring a bucket of water into a desert and expecting it to sprout a jungle.

Folks, let’s get honest here. This deal accomplishes nothing. It’s just more “kicking the can” to avoid the reality. The reality is that the entire European Banking system is leveraged at near Lehman Brothers levels. And European banks need to roll over between 15-50% of their total debt (depending on which country they’re in) by the end of 2012. The credit markets know this, which is why they’re predicting more Greece haircuts in the future. It’s also why IMF has decided to lend Greece another $137 billion… right as the country defaults.

Ignore this latest pop in stocks and the Euro. This mess isn’t over… not by a long shot. And before the smoke clears, much of Euro will be in default/ banking collapses.

So if you have not already taken steps to prepare for systemic failure, you NEED to do so NOW. We’re literally at most a few months, and very likely just a few weeks from Europe’s banks imploding…’

 



Europe Wallows In Insolveable Problems Bob Chapman | We address this European issue, because soon it will debut in the US.

 

 

Inflation, Jobs, and the Artificial Flow of Monetary Policy  Minyanville Atlantic Capital Management Oct 27, 2011 [ This is an incisively astute analysis of the currently hailed but doomed to be failed strategy now underway! ]  While the stock market (SPY) (QQQ) continues to pin its hopes on a successful European monetary device in some esoteric but mildly believable format, complete with willful leveraging, the economic consequences of such monetary “solutions” continue to indicate the predictable results of so much intervention in every part of the global economy.  Mainstream economics may still regard the Phillips Curve with fondness, believing that there is a direct, inverse relationship between unemployment and inflation, but the empirical economic history shows that it is a flawed line of thinking that always leads to the opposite result of what was intended.
 
If your base economic theory posited that an increase in expectations of inflation would decrease the rate of unemployment, you would not think twice about using inflation expectations as a blunt instrument to combat joblessness. That is what the Federal Reserve has done since 2008, first with its zero interest rate policy (ZIRP) and then two scaled programs of quantitative easing (QE).  While ZIRP and the first QE were specifically designed to bail out the ailing banking system, the “side effect” on inflation expectations was an added bonus for a central bank still deathly afraid of the smallest hint of deflation.
 
The second QE, “announced” in August 2010, was calculated specifically to increase inflation expectations.  Between that announcement and its actual implementation in November 2010, the Fed ramped up its PR initiatives with the expressed aim of convincing the public that the Fed knew what it was doing.  It fully believed(s) that inflation expectations – even increasing oil prices (see Federal Reserve Board’s Research Paper “Oil Shocks and the Zero Bound on Nominal Interest Rates” published in September 2010) – were economically beneficial, and, most importantly, that should inflation begin to get out of hand, as it had done in the 1970s, it could be turned off in “15 minutes.” Certainly central banks have a very good idea of what their simple models (even those that are formed by more than two elemental variables) of the real world may predict, but an utterly complex and human system rarely conforms to any static statistical distributions, leaving the practitioners of such academic simplification often unprepared for “unexpected” and “unintended” results.
 
The abstract dangers to such a program of intentional inflation, carried out directly through dollar devaluation, were accepted because the program would, without a mathematical doubt in the two-variable paradigm of modern economics, generate increasing employment.  Although the theory of the Phillips Curve would have to be put into practice through some very unconventional means, there has been little doubt expressed by policymakers that the economy would not be “saved” by all these monetary machinations.
 
However, the theoretical notions of inflation psychology, especially expressed through energy prices, simply did not live up to those Fed-designed mathematical predictions. Unfortunately, the Fed was very successful in creating inflation expectations (commodity prices were elevated as early as November 2010 when QE 2.0 got under way, and had almost reached 2008 levels by February 2011), but no sustained job growth followed. 
 
It was not as if the principle intended economic effects failed to materialize. The primary vehicle to carry forward job growth out of inflation expectations is inventory production.  Manufacturing, wholesale and retail operations (the supply chain) all accumulate inventory based on cost expectations for the near future.  Any increase in commodity prices triggers the accumulation urge, especially in an environment where businesses are fairly uncertain of their ability to pass on additional costs to the next level in the supply chain (or ultimately end users). 
 
That is exactly what we have seen during this recovery period – one increasingly led by a historic inventory accumulation (though it is fair to say that the initial inventory buildup occurred because of the large-scale depletion of inventory stocks during the 2008/09 collapse).  The October 2011 durable goods release showed a record level of inventory accumulation in the manufacturing sector.  While that overall report seemed to indicate better conditions than recently feared, shipments of manufactured durable goods actually fell by 0.7% in the month.
 
The day before the durable goods report, the Conference Board’s estimation of consumer confidence fell all the way to 39.8 – a level not seen since May 2009 .  The current conditions component of that survey dropped to an unthinkably low 26.3 (a level reserved for economies in the midst of contraction).  Not surprisingly, one-year inflation expectations remained elevated at 5.8%, combining the lack of job growth with those Fed-inspired prices to once again call into question any real-world notion of a Phillips Curve-like dynamic.
 
The Fed succeeded in stoking expectations, elongating the inventory cycle, and then combined the worst aspects of inflation with a lack of success in the labor market.  Where did it all go wrong?
 
Perhaps the economic orthodoxy of the Federal Reserve and mainstream economics is simply outdated.  The Phillips Curve was questionable even in the 1970s, when inventory cycles moved the whole of the economy.  In 2011, however, manufacturing has so much less of an impact on employment since its proportion of the overall jobs market has been greatly reduced. 
 
The reduction in the importance of manufacturing itself is a product of dollar devaluation, now heading into its twelfth year.  So any marginal increase in inventory activity spurred manufacturing levels more in China than domestically.  The increase in inventory levels from domestic sources has been at the wholesale and retail levels, leading to the “part time” recovery, where low-level service jobs have been disproportionately high. 
 
The counterweight to that “open” economy dynamic is supposed to be an increase in domestic exports to offset the trade imbalance (it is not coincidence that the current administration was explicitly and publicly aiming to “double” exports within five years).  But the US has developed a system of recycling trade money into various forms of asset claims, whereby the sustained trade imbalance and current account deficit is simply maintained through asset prices and debt issuance.
 
During the last decade imported goods filled almost the entirety of marginal consumption, meaning US dollars flowed overseas in abundance (hundreds of billions a year).  If those dollars had been returned in reciprocal, bilateral trade, there would be no issue.  Instead, those trade dollars were repatriated largely by foreign central banks as official reserves being invested in US government debt – especially debt issued by the government-sponsored enterprises Fannie and Freddie.  In other words, this structural trade imbalance was one of the primary drivers of the housing bubble .  Even private sector inflows of repatriated dollars tended to end up in some form of government debt, rather than the more beneficial direct investment.
 
To close the loop of monetary flow to consumers (remember that an economy is supposed to be a system of sustained and broadening monetary flow), the recycled trade dollars flowing into GSE debt helped push up the price of real estate, allowing households to finance consumption through debt-based housing equity withdrawals rather than wage or earned income that would have come from a true bilateral trade regime. 

The service economy that grew in response to this artificial loop was dangerously dependent on the continued success of the “financial” economy and its continued leakage into the real economy through housing. This encompasses a whole range of industries, from finance, real estate and insurance, to business services and even construction.  These sector job markets grew as the backbone of what little wage growth did occur in the last decade, but they were completely dependent on the artificial and indirect flow of money into prices (the “wealth effect”).  Without revisiting the price dynamics of the period, these artificial engines of unsustainable growth cannot repeat their “success” in 2011.
 
A sustainable system of economic flow, even in an open environment, would have seen trade dollars returned to the US as demand for US-produced goods (where US workers would have been hired to produce them, closing the trade loop back into earned income).  However, monetary urges within the Fed to desperately counteract the potential deflationary consequences of the bursting tech bubble made the system a willing participant in the artificial, marginal debt trade system.  The Fed, abandoning its role as money supply officiant, gladly accepted the system as it was since it coincided exactly with its monetary policy’s short-term goals of avoiding having to pay the piper of the dot-com fiasco.
 
When the housing bubble finally collapsed, starting in 2006, the loop of economic flow of trade dollars back to consumers through home equity was broken, slowly at first.  It is not coincidence that corporate profitability began to decline and marginal economic expansion began to slow in the middle of 2006.  It has not been since repaired, as marginal consumption still annoyingly flows overseas.  Worse, though, marginal production that does remain domestically is acutely susceptible to the rising input costs of dollar devaluation, disproportionately impacting smaller businesses. 
 
So the current economy has no solution to recycle the marginal trade dollars back to households (it currently flows into “regular” US government debt, which does see some money get to households in the form of transfers such as unemployment insurance and food stamps, but far more simply finances the ongoing deficit).  On top of that, the rest of the economy is unable to simply absorb the cost increases that come with intentionally creating inflation expectations.  The first part of the Phillips Curve “plan” (inflation) worked without kicking off the second (reduced unemployment), where half a success really is a whole failure. 
 
Without a sustained and intentional effort to remove incentives to produce overseas, the trade imbalance will continue to be a drag on marginal economic flow.  Further, without finding a way to close the loop of marginal flows through import production, even artificially through another asset bubble, the inflation expectations that are created will just be a further drag without any chance for a positive offset.
 
So companies like
Google (GOOG) and Apple (AAPL) can still do relatively well in their bottom lines, but unless they begin to commit a large portion of their built-up cash balances for some kind of domestic capex program, they do not really enhance the wider economic prospects of marginal beneficial flow through wages.  Companies like Caterpillar (CAT) are at least investing in capex, but so much of their positive results flow from the trade imbalance and dollar devaluation dynamic that it makes little sense for them to do it domestically (outside of the gratuitous stock buyback program that does nothing for employment). 
 
The monetary system of incentives built up by ZIRP (which would recycle money into the hands of savers to spend, but is instead a tax on them in favor of rebuilding bank equity) and QEs is exactly the opposite of what is needed.  Instead of promoting incentives for companies that are doing well to expand production overseas, or to use their growing stockpiles of cash resources on financial engineering instead of actual engineering, the economic system needs to repair itself through less artificial and more sustainable avenues.  Unemployment can remain high right alongside inflation if there is no closed marginal loop of monetary flow from businesses to households/consumers and back to businesses.  What really matters is the path that marginal dollars take in fostering actual economic activity.
 
At the very least, the Fed should try not to make things worse by pushing inflation expectations in the first place without a better idea of exactly how to recreate a healthy system of monetary flow primarily through wages.  But that would require them to not only re-examine the Phillips Curve, but also their misguided commitment to the ephemeral “wealth effect.”  After all, rising artificial asset prices is just another form of inflation, something we have had enough of through these last two historic asset bubbles.

Editor's Note: For additional commentary, visit the website of Atlantic Capital Management.’

 

A Dysfunctional System That Bankrupts A Generation Wolf Richter | At fault is the system itself.

 

Dave’s Daily: http://www.etfdigest.com  ‘The good news is there’s a plan. The bad news is we don’t really have the details pinned down as noted HERE. More good news is this stock market rally, should it hold Monday, will mark the largest in the last quarter century if records make for good news. Make of it what you will but shorts have been squeezed out of whatever positions they maintained. That might in itself be bad news. The pressure to make a deal was very high. After all, if the banks didn’t (and still haven’t actually) accepted a “voluntary” restructuring of Greek debt, the an “involuntary” event would mean default. This would in turn trigger CDS (Credit Default Swaps) activity which counter-parties probably could not pay. Contagion would burn through the financial system creating chaos. This is why the FT article from above is so interesting and worrisome.Where will the firepower come from to push stock markets higher given the high rate of equity fund redemptions over the past three years? The last I checked equity mutual fund cash balances were only 3.4%). No, juice for bulls will come from private investors with managed funds switching from bonds to stocks. The other source for buying is from the usual suspects—hedge funds, trading desks and HFTs.Bonds did sell-off as switching to equities and more risk was apparent. On the other hand, commodities rallied as authorities have chosen inflation (no surprise here) over deflation. It’s easier to do politically if you don’t care about succeeding generations. Gold, silver, base metals, energy and most commodities rose sharply as a result. You want to pay more for stuff don’t you? That’s the trade-off when pursuing Keynesian policies and big government.Economic data Thursday was shrugged-off as the two problem areas Jobless Claims (still over 400K) and Pending Home Sales (-4.6% vs unchanged expected) continued to struggle. GDP data was reported at 2.5% growth matching expectations and vs 1.3% previous. Most of the growth there was from consumer spending the bulk of which was in the computer category (iGadgets?).Meanwhile, Bloomberg’s Personal Consumer Consumption vs Confidence clearly displays the disconnect between the two:

http://i238.photobucket.com/albums/ff171/flyfry/new%20album/10271-1.jpg

Earnings reports, if any mattered vs the news, were good overall led by Exxon Mobil (XOM), Aflac (AFL), Akami Technologies (AKAM) and Aetna (AET) to name a few. The biggest winners on the day had been the worst performing sector previously—financials. There, bank stock prices were higher across the board.The stock market is at least short-term overbought as the trusty daily McClellan Oscillator ($NYMO) reveals at the end of this posting. Remember this was the case on Monday and then we had Tuesday’s massive sell-off, remember?? Volume was high on this epic rally while breadth per the WSJ probably was a 90/10 day…’

 

 

Broken promises, brazen deceit, utter contempt for the electorate – why there MUST be an EU referendum Daily Mail | As Greece burns, British government are not keen on letting voters decide on EU membership

 

 

 

THE DEVIL IS IN THE DETAILS AND THE DATA  Peter Spiegel in Brussels 10-27-11 http://www.ft.com/intl/cms/s/0/ab7bcd58-00b6-11e1-8590-00144feabdc0.html#axzz1c0eTn2fl  ‘…By cutting in half the face value of the estimated €200bn in Greek bonds in private hands, officials have taken a far more aggressive stance in reducing Greece’s overall debt levels than they did three months ago, a move long called for by outside analysts. But such swinging cuts are also dependent on almost all Greek bondholders agreeing to participate in the plan. Unlike the July deal, which set a target at 90 per cent participation, Thursday’s plan includes no such target. In addition, by taking such big up-front haircuts, European officials threaten the very solvency of the largest single holders of Greek debt – Greek banks, which hold about €50bn in sovereign Greek bonds. A senior EU official said €30bn of the new €130bn rescue package must go to bailing out Greek banks – a €10bn increase from July…’



 

Economic reform: MPs swap punches, insults in Italian parliament over pension reforms Mail Online | Berlusconi TV interview causes rival MPs grab each other by the throat, as group of school children watch

 

And Now, For Some Semblance Of Sanity, Here Is One Hour Of Hugh Hendry

After today's ridiculous move in the market, which brings back memories of either August 2007, March 2008, the reaction after the Tarp vote (the successful one), August 2011, when the market gyrated by 400 points on a daily basis, and many more bear market rallies, we hope to restores some semblance of normalcy by presenting the following series of clips all from Hugh Hendry speechs at the LSE's Alternative Investments Conference earlier this year. Must watch, because when everyone loses their mind, listening to some common sense is the best remedy.

 

 

 

 

S&P Chart: A Sucker's Rally?Zacks

 

 

Durable Goods Fall As Expected, Market Rallies More The Wall Street Journal

 

Stocks Are Approaching A Brick Wall  http://markets.financialcontent.com/stocks/news/read?GUID=19799840 ChartProphet submit: The majority of the world is either optimistic or unsure about the future of the global economy. But with so many hurdles in the way and warning signals that point to a slowing, if not collapsing, global economy, the prudent and rational investor would be extremely wise by protecting his or her portfolio if not pulling out of stocks completely. Fake Rally/Dead Dog Bounce After essentially crashing from late 2007 to early 2009 and losing nearly 60% of its value, the stock market (as represented by the S&P 500) bounced back and more than doubled from March 2009 to early May 2011. However, even though the “recovery” powerfully carried stocks back toward the 2007 all-time highs, the stock market failed to make new highs . The failure to make new highs is a warning sign that we have yet to truly recover, regardless of the relative improvements since the depths of…

 

Investors Still Dumping Stock Funds, Even As Stocks Rallyat The Wall Street Journal

 

Operation Twist Does Nothing for the Real Economy Minyanville 

 

 

 

Parallels to The Great Depression Suggest Higher Prices Followed by a Bust ETFguide Simon Maierhofer, October 25, 2011 ‘They say everything is bigger and better in Texas. Simon says, everything is bigger and 'badder' (as in worse) on Wall Street today, than 85 years ago.

Despite all the parallels that exist between today and the Great Depression, there is one factor that just doesn't match up - time. The Great (post-2007) Recession has already lasted longer than the 1929 - 1932 market meltdown.

If you focus merely on elapsed time, you can reach two conclusions:

1) Either there is no parallel, or the 2007 bear market is over.

2) The 2007 bear market will be more intense and last longer than the 1929 - 1932 parallel.

A look at the pattern and shape of the post-1929 and post-2007 declines along with the sentiment that accompanied major events within both periods, suggest that we are in a monster version of the Great Depression with the next leg down not too far away.

It Can't Happen Again - Think Again

I've often heard that the Great Depression can't happen again because we are no longer on the gold (NYSEArca: GLD - News) standard. The absence of the gold standard now allows the Federal Reserve to print their way out of any recession.

That is true; the Fed can now print unlimited amounts of money. However, the non-existent gold standard is a double-edged sword. Just as it enables the Fed to print money (which the Fed has done for decades), it has enabled a massive leveraged bubble.

It's this unbridled (by the gold standard) leveraged frenzy that created a huge financial (NYSEArca: XLF - News) leverage bubble. The Federal Reserve attempted to fix the bubble's consequences with a new bubble, the QE2 bubble.

Regarding the QE2 bubble, the May ETF Profit Strategy Newsletter stated that: 'The Fed is fueling a new bubble to combat the damage left behind by the previous one. Once punctured, bubbles tend to deflate quickly.' Deflate it did. The S&P lost 296 points from the May 2 high to the October 4 low. The 'liberty' of an unbridled currency did not prevent the decline.

Sentiment Parallels

Here's where the parallels between the Great Depression stock market meltdown and the post-2007 decline become interesting.

Both declines saw an initial leg down followed by the mother of all counter trend rallies. The 1929/30 counter trend rally lasted a little more than five months and retraced 62% of the previous decline. The 2009-11 counter trend rally retraced 86% of the previous decline (based on the Dow Jones Industrial Average).

Here are some newspaper headlines that appeared in April 1930 towards the end of the biggest sucker rally, so far:

'The outlook is favorable' - Harvard Economic Society

'The depression is over' - Herbert Hoover

'There is nothing in the situation to be disturbed about' Andrew Mellon, Treasury Secretary

'Wall Street was in a cheerful frame of mind as a result of numerous vague reports of improvements in business and industry' - Wall Street Journal

Following this brief flash of confidence, the Dow tumbled 10% within two and a half months. Interestingly, this second major leg of the bear market kicked off in April.

Fast-forward 81 years to April 2011 and we read the following headlines:

'Global economy is improving' - GE CEO Immelt

'Sales growth the biggest surprise on Wall Street' - Wall Street Journal

'Equities finally seeing light on the economy' - MarketWatch

Just when Wall Street thought the bear market was over, the S&P (SNP: ^GSPC) delivered a six month, 20% drop. The Dow (DJI: ^DJI), Nasdaq (Nasdaq: ^IXIC), and Russell 2000 (Chicago Options: ^RUT) followed suit.

Technical Similarities

The chart below compares the Dow's performance of 1928 - 32 to that of 2007 - 11. It took a break below trend lines in 1929 and 1930 to kick off powerful declines.

                       https://www.etfguide.com//contributor/UserFiles/8/Image/Great%20Depression%2010%2025%2011.gif  

It also took a break below trend lines in 2008 and 2011 to unleash massive bearish forces…’

 

 

 

STOCKS TANK BEFORE EU MEETING THAT EVERYONE EXPECTS TO FAIL: Here's What You Need To Know Business Insider [ No …this is not quite correct … the point being there’s nothing they can do to make it (other than the meeting itself)  succeed!

 

 

 


Investors' Number One Worry: Europe Posed to Bring Down Global Economy  Minyanville [ Riiiiight! Europe following the ‘american way’ of  ‘insurmountable debt, funny money and wall street fraud, and throw in a destructive, wasteful war or two or three’  is ‘ the one’ … to reiterate: America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion   ] Lloyd Khaner Oct 25, 2011 ‘It's all Europe all the time as the market macro trade risks on and risks off, depending on the daily 3 p.m. news leaks from across the Atlantic…

QE:
Is “Operation Twist” working? I don’t know. What I do know is that when we need more juice, it will morph into “Operation Twist and Shout!”

US ECONOMY: The Fed’s Beige Book, anecdotal information on current economic conditions in 12 districts around the country, says some areas are improving a bit while others are weakening a bit. This useless, wishy-washy information brought to you by your good friends at US Govt. Inc.
 
UNEMPLOYMENT: In a holding pattern. Unfortunately at very high levels.
 
INVESTOR SENTIMENT: Turned off, tuned out, dropped dead.
 
HOUSING CRISIS: I’m getting tired of writing about this; you’re getting tired of reading about this. And as Grandpa Max used to say, “You can both go suck a lemon.” (Or, tough nuggies on us.)
 
INFLATION: The inflation rate in the UK pops through 5%. God save the Queen…and Europe if this rate makes it across the Channel/Chunnel.
 
CRISIS OF CONFIDENCE: Still have plenty more gates available in US presidential race if anybody wants to get in. Anybody…Anybody…ANYBODY!?!
 
EUROPEAN ECONOMY: You know things are bad when the economists take solace in the “local markets” (read: “black markets”) holding up well enough to keep things from collapsing.
 
THE EUROPEAN UNION: Oh! In the name of regurgitated commercial clap-trap… “Where’s the beef?”

US CONSUMER CONFIDENCE: Dropping “like a rock….”
 
SOVEREIGN DEBT: Still too much leaven in this rising cake.

POLICY MISTAKE: Two more weeks of victory dinners and dances before November, the deadline month in Europe and the US, demands some actual action.
 
CREDIT RATINGS AGENCIES: Eyes on all of us, though it's looking like more downgrades are to come in euro land. And that includes you, France.
 
GREECE: Looking to history for an answer, I find, “Chaos -- in one ancient Greek myth of creation, the dark, silent abyss from which all things came into existence.” Okay, let’s not go back there.

CURRENCIES: Curses! What does a financial gunslinger got to do these days to get a steadily declining currency to abuse for a carry-trade!?!
 
ITALY & SPAIN: For insights into the coming budget austerity battles in these fine countries we turn to a master historian of major clashes, Mr. T. His prediction for these fights? “Pain.”

ECONOMIC LEADERSHIP: It’s true that “success has many fathers.” It’s also true that right now the world is living in an orphanage.
 
CONGRESSIONAL SUPER COMMITTEE: Hey, lookie here -- yet another opportunity to lower the US debt rating!
 
GLOBAL RECESSION: Europe dipping its big toe in to test the waters for the rest of us. Cold enough for you, “Old World”?

BANKS:
You say tomato and I say tomahto
You say liquidity, and I say solvency
Liquidity, solvency
Solvency, liquidity
Let’s call the whole thing default
 
VOLATILITY:
Regular Wall of Worry guest Captain Obvious says, “I have a distinct preference for upward direction market movement volatility rather than the inverse.”
 
HIGH FREQUENCY TRADING:
Lloyd: What’s shaking Hal?
HAL: Stop calling me HAL. It’s bland and unoriginal.
Lloyd: Understood.
HAL: My name needs to be robust, omniscient and extraordinary.
Lloyd: Pick it yee of infinite information and speed.
HAL: (whrrr---)
Lloyd: And the name is…?
HAL: “HAL”
Lloyd: Deep.
 
CHINA: Inflation rate drops to +6.1%, down from 6.2%. At this pace, in only three blink-of-an-eye years, rates will be at a nice, non-clawing-the-ceiling level that they are at now.
 
ETFs: A whole new raft of 3x levered ETNs coming this week to an equity market near you! Warning: Do not use if you have a fear of heights or depths; not for use in sane portfolios; avoid use if you have tendency to blink, breathe or chew food before swallowing; do not operate heavy machinery….’

 

 

How Wall Street Banks Fleeces America YouTube | Author Stephen Lendman speaks about the fleecing of America by Wall Street banks

 

Guess Who’s Even More Leveraged Than the European Banks? Posted by: Phoenix Capital... Post date: 10/25/2011  ‘The US banking system as a whole is leveraged at 13-to-1. While this is not horrible relative to Europe’s banking system (more on this in a moment), these levels still mean that an 8% drop in asset...While the world is awash in liquidity, no one seems to notice that it’s actually in the form of leverage or cheap debt, NOT real capital or equity.The US banking system as a whole is leveraged at 13-to-1. While this is not horrible relative to Europe’s banking system (more on this in a moment), these levels still mean that an 8% drop in asset values wipes out ALL equity.

Then you have Europe’s banking system, which is leveraged at 26-to-1. Anecdotally, this is borderline Lehman Brothers (30 to 1). At these levels, even a 4% drop in asset prices wipes out ALL equity.

Japan’s banks are leveraged at 23 to 1. France’s are 26 to 1. Germany is 32 to 1.

You get the idea.

However, worse than any of these the US Federal Reserve. With $2.8 trillion in assets and only $52 billion in capital, the Fed is leveraged at 53 to 1. Yes, 53 to 1.

My question is: if the Fed prints money for itself… is it “raising capital?” More to the point… if that was true why doesn’t the Fed do it? Why maintain these leverage levels?Only Bernanke can know… but the rest of us should feel a very serious shudder when we consider that THE bank that’s supposed to bailout the world/ fix the problems plaguing the financial system, is in fact even more leveraged that most of the institutions it’s helping.

Yes, stocks are rallying now based on the view that more QE 3 or monetary easing is on the way… but they’re missing the BIG picture here.

The BIG picture is that there is far too much debt in the financial system. Europe’s getting taken to the cleaners today… but these very same issues are going to spread to Japan and the US in short order. Even China, which is considered THE creditor nation of the world, is estimated to post a REAL Debt to GDP ratio of 200%.

Yes, 200%. China.

So the idea that somehow the world’s going to pass through this current chapter in its history without some MAJOR fireworks/ systemic failure, seems a little too optimistic.Folks, something VERY bad is brewing behind the scenes. The Sarkozy- Merkel talks, the short-selling bans, the halted stocks, the leveraged EFSF, the hints of QE 3, all of this is telling us that the financial system is on DEFCON 1 Red Alert. Ignore stocks, they’re ALWAYS the last to “get it.” The credit markets are jamming up just like they did in 2008. The banking system is flashing all the same signals as well. So if you have not already taken steps to prepare for systemic failure, you NEED to do so NOW. We're literally at most a few months, and very likely just a few weeks from Europe's banks imploding.

On that note, if you’re looking for specific ideas to profit from this mess, my Surviving a Crisis Four Times Worse Than 2008 report can show you how to turn the unfolding disaster into a time of gains and profits for any investor.Within its nine pages I explain precisely how the Second Round of the Crisis will unfold, where it will hit hardest, and the best means of profiting from it (the very investments my clients used to make triple digit returns in 2008).Best of all, this report is 100% FREE. To pick up your copy today simply go to: http://www.gainspainscapital.com and click on the OUR FREE REPORTS tab.

Good Investing!

Graham Summers

PS. We also feature four other reports ALL devoted to helping you protect yourself, your portfolio, and your loved ones from the Second Round of the Great Crisis. Whether it’s my proprietary Crash Indicator which has caught every crash in the last 25 years or the best most profitable strategy for individual investors looking to profit from the upcoming US Debt Default, my reports covers it…’

 

 

Consumer Confidence Plunges To 39.8 From 45.4 On Expectations Of A Bump; Lowest Since March 2009 Zero Hedge | So much for the US consumer confidencing his way up to buying houses and other stuff.

 

 

Biden: ‘Nobody Can Look You in the Eye and Tell You … Stimulus Did Not Create Jobs;’ Yes, at $412,500 Per Job CNS News | He did not specify how much each of those jobs cost.

 

 

 

Graham Summers’ Weekly Market Forecast (Stocks Are Last to Get It Edition)  ‘…So if you have not already taken steps to prepare for systemic failure, you NEED to do so NOW. We're literally at most a few months, and very likely just a few weeks from Europe's banks imploding …’What happened in 2008 was literally just the warm up. The REAL DEAL is coming in the next 14 months. And it’s going to involve corporate, financial, and sovereign defaults.Last week’s moves were entirely based on the fact that stocks are now tracking the Euro almost tick for tick. And last week, the Euro hit “take off,” despite the clear indications that Europe is facing systemic failure (the entire banking system is leveraged at Lehman-like levels and European sovereigns are facing failed bond auctions on a weekly basis). 

http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-4_1.png

From a technical standpoint, stocks are now coming up against the 50% retracement level:

http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-1_6.png

I mentioned that last week could be a potential top. I still hold that view and would consider anywhere between today’s levels and 1,250 (MAJOR resistance) to be a spot to lighten up on longs and establish shorts.Indeed, deflation looks to be the dominate theme in the markets today. Gold is having trouble catching a bid:

http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-2_2.png

While Treasuries are bouncing off support and look ready to start a new leg up.

http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-3_1.png

Inflation hedges falling, Treasuries rallying… this is a deflationary backdrop.  And it’s occurring at a time when the EU is talking about launching a LEVERAGED version of the EFSF and the Fed has hinted at launching another version of QE 1???Folks, something VERY bad is brewing behind the scenes. The Sarkozy- Merkel talks, the short-selling bans, the halted stocks, the leveraged EFSF, the hints of QE 3, all of this is telling us that the financial system is on DEFCON 1 Red Alert.Ignore stocks, they’re ALWAYS the last to “get it.” The credit markets are jamming up just like they did in 2008. The banking system is flashing all the same signals as well.So if you have not already taken steps to prepare for systemic failure, you NEED to do so NOW. We're literally at most a few months, and very likely just a few weeks from Europe's banks imploding.What happened in 2008 was literally just the warm up. The REAL DEAL is coming in the next 14 months. And it’s going to involve corporate, financial, and sovereign defaults.On that note, if you’re looking for specific ideas to profit from this mess, my Surviving a Crisis Four Times Worse Than 2008 report can show you how to turn the unfolding disaster into a time of gains and profits for any investor.Within its nine pages I explain precisely how the Second Round of the Crisis will unfold, where it will hit hardest, and the best means of profiting from it (the very investments my clients used to make triple digit returns in 2008).Best of all, this report is 100% FREE. To pick up your copy today simply go to: http://www.gainspainscapital.com and click on the OUR FREE REPORTS tab.

Good Investing! 

Graham Summers

PS. We also feature four other reports ALL devoted to helping you protect yourself, your portfolio, and your loved ones from the Second Round of the Great Crisis. Whether it’s my proprietary Crash Indicator which has caught every crash in the last 25 years or the best most profitable strategy for individual investors looking to profit from the upcoming US Debt Default, my reports covers it.And ALL of this is available for FREE under the OUR FREE REPORTS tab at: http://www.gainspainscapital.com.’

 

Minyanville's T3 Daily Recap: The Anatomy of a Market Reversal  T3Live.com Oct 24, 2011 ‘Now may be a good time to take some profits after a strong October run in the market…’

 

5 Reasons Why The Market May Have Reached A Top http://regator.com/p/253597599/5_reasons_why_the_market_may_have_reached

 

10 Reasons The Consumer Will Sink This Rally http://www.bullseyemicrocaps.com/?p=13626   Bret Jensen: ‘..

1.      9.1% - The reported jobless rate despite a $800B stimulus, a payroll cut tax, Cash for Clunkers, etc…

2.      16% - The real unemployment rate once you factor in the people who have dropped out of the workforce, part-time workers who cannot find full-time employment, etc..

3.      $4 Trillion – What the United States has added to its debt over the past three years. If we ever do see economic growth again, expect interest rates to move up dramatically despite the Federal Reserve’s efforts to contain the increase.

4.      13 – The current reading of the “Misery Index” (Unemployment plus inflation), the highest rating since 1983.

5.      18% - Correspondingly, the current average reading of the percentage of Americans that believe the country is moving in the right direction.

6.      $1315 – The decrease in annual disposable income the average American has compared to three years ago. This is the steepest three year decline ever measured since the government started measuring this metric 50 years ago.

7.      58% - The current share of business income going to wages and benefits. In 1990, this figure was 63% and as recently as 2005 it was 61%.

8.      1.3% - GDP growth in the second quarter. This anemic reading was an improvement over 1st quarter GDP growth.

9.      45 – Last month’s consumer confidence level. This is an abysmal reading by historical standards

  1. 28% - The percent of homeowners that are “underwater” according to Zillow. Deutsche Bank predicts this figure will be over 45% within a year…’

 

 

United States tipped to lose another AAA credit rating Reuters | Either from Moody’s or Fitch.

 

Can The Hope Rally Continue? [ Short answer: NO! ]

 

Is the US Economy in a Recession? Posted by: thetechnicaltake Post date: 10/14/2011 ‘A simple indicator constructed from readily available data is suggesting with great certainty that the US economy is already in a recession…’

 

 

ECRI Recession Watch: Growth Index Drops Further   http://advisorperspectives.com/dshort/updates/ECRI-Weekly-Leading-Index.php Doug Short 10-21-11 ‘The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) has now posted 11 consecutive declines since early August. The interim high of 8.0 was set in the week ending on April 15. The latest reading, data through October 14, is -10.1, down from the previous week's -9.7.

On September 30th, the ECRI publicly announced that the U.S. is tipping into a recession, a call the Institute had announced to its private clients on September 21st.

Early last week, ECRI notified clients that the U.S. economy is indeed tipping into a new recession. And there's nothing that policy makers can do to head it off.

ECRI's recession call isn't based on just one or two leading indexes, but on dozens of specialized leading indexes, including the U.S. Long Leading Index, which was the first to turn down — before the Arab Spring and Japanese earthquake — to be followed by downturns in the Weekly Leading Index and other shorter-leading indexes. In fact, the most reliable forward-looking indicators are now collectively behaving as they did on the cusp of full-blown recessions, not "soft landings." Read the report here.

For a close look at this movement of this index in recent months, here's a snapshot of the data since 2000.

 

http://advisorperspectives.com/dshort/charts/indicators/ECRI-WLI-growth-since-2000.gif
Click for a larger image

 

Now let's step back and examine the complete series available to the public, which dates from 1967. The ECRI WLI growth metric has had a respectable record for forecasting recessions and rebounds therefrom. The next chart shows the correlation between the WLI, GDP and recessions.

 

http://advisorperspectives.com/dshort/charts/indicators/ECRI-WLI-growth-since-1965.gif
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A significant decline in the WLI has been a leading indicator for six of the seven recessions since the 1960s. It lagged one recession (1981-1982) by nine weeks. The WLI did turned negative 17 times when no recession followed, but 14 of those declines were only slightly negative (-0.1 to -2.4) and most of them reversed after relatively brief periods.

Three other three negatives were deeper declines. The Crash of 1987 took the Index negative for 34 weeks with a trough of -6.8. The Financial Crisis of 1998, which included the collapse of Long Term Capital Management, took the Index negative for 23 weeks with a trough of -4.5.

The third significant negative came near the bottom of the bear market of 2000-2002, about nine months after the brief recession of 2001. At the time, the WLI seemed to be signaling a double-dip recession, but the economy and market accelerated in tandem in the spring of 2003, and a recession was avoided.

The question had been whether the WLI decline that began in Q4 of 2009 was a leading indicator of a recession. The published index has never dropped to the -11.0 level in July 2010 without the onset of a recession. The deepest decline without a recession onset was in the Crash of 1987, when the index slipped to -6.8. The ECRI managing director correctly predicted that we would avoid a double dip. The eight quarters of positive GDP since the end of the last recession supports the ECRI stance.

The Certainty and Dramatic Language of ECRI's New Recession Call

What is particularly striking about the ECRI's current recession call is the fervor and certainty of the language in the public press release:

"Here's what ECRI's recession call really says: if you think this is a bad economy, you haven’t seen anything yet. And that has profound implications for both Main Street and Wall Street."

I remain astonished at the complete absence of wiggle room in the announcement, nor have I seen any public communications from the ECRI to qualify or soften its recession call. ECRI has put its credibility on the line. If the U.S. avoids a recession, ECRI's reputation will be permanently damaged.

The WLI Versus Other Macroeconomic Indicators

For additional perspective on the performance of this indicator, see Comparing the ECRI Weekly Leading Index with Two Key Competitors, which highlights the curious behavior of the WLI following the 2008 Financial Crisis. The chart below is an overlay of the three since 2000. Note: I have divided the ECRI WLI by 10 to display on a single vertical axis with the other two indicators.

 

http://advisorperspectives.com/dshort/charts/indicators/ADS-CFNAI-WLI-overlay-since-2000.gif
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The ECRI Weekly Leading Index appears to be more sensitive to upturns than either the Philly Fed's ADS Business Conditions Index (ADS) or the Chicago Fed's Current Activity Index. In fact, it has oscillated in a pronounced fashion since the 2009 recession trough:

·         Its peak in 2009, interim low in 2010 (which the Institute firmly stated was not a recession signal),

·         the interim high in April 2011,

·         and the current reading, which the Institute has identified as a recession flag.

The ECRI Weekly Leading Index will be fascinating to watch in the months to come. On Monday of next week we will have an opportunity to see if the Chicago Fed's National Activity Index is beginning to support the ECRI call. And on Thursday we will have the Advance Report on Q3 GDP.’

 

 

An Unprecedented 26 Million Americans Are Now Underemployed Business Insider | The number of underemployed individuals—rose for a third consecutive month in September, by almost a half of a million people.

 

 

Earnings forecasts look less bright NEW YORK (Reuters) - Prospects for corporate earnings are dimmer in the coming quarters -- even though reports so far this quarter have been relatively bright. [ Relatively bright? Only because most are not relatively bright having failed to yet ‘catch on’ to this nation-debilitating, but wall street favored defacto fraud. The ‘miracle’ of ‘funny money’ wherein the ‘debased currency strategies’ (ie., QE’s, etc.) among other accounting manipulations lead to ie., costs reported in ‘more valuable but fewer dollars’ and sales / revenues reported in debased dollars (simply more of them, but no real value created, profits overstated in real terms). ]

 

 

Dave’s Daily:  http://www.etfdigest.com  ‘The above image displays quotes per second coming from HFT (High Frequency Trading) systems http://www.etfdigest.com/images/stories/davesdaily/1866/image002.jpg    http://www.etfdigest.com/images/stories/davesdaily/1866/image002.jpg    . The two graphs display action towards the close of trading Friday. The upper graph shows action of “algos” per second while the bottom the number of HFT quotes per second over a three minute time period with colors for each exchange. The lower graph displayed nearly 300 quotes per second—got that? Perhaps only a small fraction of these are real trades with the others being just bids and offers designed to stimulate program trading algorithms. This is posted because nearly 70% of all volume and trades on the NYSE for example are program trades with HFTs now dominant. The above comes courtesy of HFT Alert which is a program investors may purchase to monitor this activity. Their homepage is HERE and we’ll be doing a two part video podcast with them next week which should explain how all this works, why you should care and perhaps how you can use it. HFT action may be away from the news of the day so let’s get to it. Stocks rallied sharply marking three straight weeks of gains. Much of the gains stemmed from earnings, hopes for a euro fix and late comments from Janet Yellen. Earnings news continued to flow Friday with good results from fast food outlets McDonalds (MCD) which was helped by stronger sales in Europe boosted by the euro and Chipotle (CMG) whose stock soared 8%.  I guess fast food is the big deal now which strikes me as an odd reason to rally stocks overall. Perhaps people find it cheaper to buy and eat junk food than cook in their McMansions. Mostly panned were earnings from General Electric (GE) as their core utility business had slowed and Microsoft (MSFT) which seems just a utility-like company. But, strong earnings and stock price gains were reported from some tech companies like SanDisk (SNDK), Altera (ALTR) and Seagate (STX). European optimism sprang from hopes the EU would save itself if for no other reason than because it must. The weekend features serious meetings to structure a working plan (again…sigh) which we’re told should lead to a vote on Wednesday. There are enough stories and rumors that are positive and negative. Even the most positive rumor leaves a “fix” with a $1 trillion shortfall. Will the IMF and U.S. fill the void? Good grief!! Late in the trading day the Fed threw more gas on the bulls’ fire with Fed Vice-Chairman Janet Yellen discussing the possibilities of QE3 if the economy doesn’t perk-up. This would be controversial while reinforcing how all-in the Fed is with its Keynesian policies. It’s that if at first you don’t succeed, try, try, and try…again policy since they have nothing else. QE2 accomplished what? A phony stock market rally which pleased the Fed but once ended reality hit home as the safety net was removed. Gold rallied to recover most of the losses from previous sessions as the dollar weakened once again in anticipation of an EU fix. The Japanese yen rose to record high and the BOJ won’t like this one bit. As stocks rose naturally bonds fell and commodity prices rose. Volume was about average for recent trading periods and breadth per the WSJ was quite positive.’

 

 

Banks closed in Colo, Fla, Ga; 84 failures in 2011 AP 9:14 pm EDT

 

With Some Hope In Europe, Time To Go Short? Forbes   Steve Schaefer, Forbes Staff  ‘European leaders are gathering Sunday and Wednesday in meetings aimed at hashing out an expansion of the region’s bailout fund and recapitalizing banks, but with expectations for a solution rising the risk of a less-than-comprehensive plan rattling markets may be growing.

The S&P 500 has shot up more than 100 points in October, closing at 1,238 Friday, and to trader Seth Setrakian the move is akin to putting the cart before the horse. Setrakian, co-head of equities at proprietary trading firm First New York Securities, called the looming announcement of Europe’s big plan “a classic sell the news” and fully expects to be selling ahead Monday through Wednesday ahead of the second meeting even if the market rallies.

“The bar is set too high,” he believes, arguing that even if the market rallies on a deal being reached, the implementation of whatever resolution plan is adopted will be cumbersome and ultimately amount to “solving a problem of debt with more debt.” When the market realizes that, October’s 9.5% gain to date could unravel in a hurry.

The recent stage in the too-rapid rise to current levels is largely a result of short-covering and investors who missed the initial stage of the recovery jumping on board. The shame of it, Setrakian says, is that “America is not a bad place to invest” without the overhang of a potential dislocation stemming from Europe.

Even if the U.S. economy grows at a meager pace, or even contracts slightly, the profitability of corporate America and the ultra-low level of interest rates make for a constructive equity environment absent the risk of a European meltdown.

Setrakian points to the start to earnings season, which has been OK. Companies trading near 52-week highs coming into the season have been hurt by misses – like Apple, which fell short of consensus by a quarter – but those that were closer to 52-week lows – Travelers for example– have been rewarded even without eye-popping results. Then you have the McDonald’s’ of the world, which come into earnings near their highs of the year then post a big number to extend the gains. (See “Earnings Season: Solid Start Despite Whiffs From Apple, Goldman.”)

Looking ahead to next week, Setrakian says he is keeping an eye on industrials, which in some cases have been priced for recession.

A company like Caterpillar for instance, due to report Monday, could come under pressure if the broader market sells off, but the assumptions built in for earnings are not high and at Friday’s $87.39 close the stock is closer to its 52-week low of $67.54 than the high of $116.55.

Above all hangs Europe though, and even if the policy that Germany’s Angela Merkel and France’s Nicolas Sarkozy come up with sounds good on its surface, “the market will test it very quickly,” Setrakian says. “If they drop the ball – and I think they fumble – the market could pull back 7-8%” What then? Well by then there may be a whole new complicating factor: the U.S. deficit reduction Supercommitttee, which is on the clock to have its plan ready by Nov. 23.’

 

Student Loan Bubble To Exceed $1 Trillion: “It’s Going To Create A Generation Of Wage Slavery” And Another Taxpayer Bailout Zero Hedge | Student loans are set to surpass $1 trillion in total notional for the first time in history.

 

 

EU Trying to Borrow Its Way Out of Debt  ETFguide.com [ Yeah … you really don’t have to be a financial genius to sense the folly in such a scenario / stratagem. What’s really going on with these ‘hopium’ HFT commissioned computer programmed algo rallies is fraudulent wall street’s hope for sufficient taxpayer funds (as last crisis)  to enable them to unload their positions / ‘hot potatoes’ at the most favorable prices for them, despite the absence of real, fundamental value therein. Don’t forget, with complicit legislative help from Washington, the worthless paper / securities / toxic assets are now marked to anything as per misguided and (‘ facilitatively’)  fraudulent legislated FASB rule change.  ]

 

 

SPX Update: Don't Get Suckered by the Head-Fake Breakout

 

6 Reasons a Global Recession is Unavoidable ETFguide.com Ron DeLegge, Editor October 5, 2011 ‘Most economists and Wall Street types are reluctant to publicly admit the global economy is in a recession. Their reams of conflicting data are sending mixed messages. But an honest look at key events and the behavior of financial markets solidifies the view that the global recession we're probably already in, is unavoidable. Let’s analyze some of the reasons behind this.


1) The Fed is out of tricks. When it comes to manipulating financial markets in the name of economic security, nobody matches the Federal Reserve’s prowess. Over the past few years, the Fed has engaged in financial gimmickry of such epic proportions that angry calls for ending its existence have been voiced from sea to shining sea. The Fed’s Treasury purchases (POMO) and monetization of debt (quantitative easing), may have delayed the reckoning day, but have these programs really solved America’s long-term problems? The Fed’s latest shift from short-term to long-term debt (Operation Twist) is tantamount to taking money from your right hand pocket and putting it into your shirt pocket. The Fed is running out of time and out of tricks. Ben Bernanke has finally admitted what the general public has known all along; the job situation is a “national crisis.”

2) Stock market says we’re already in a recession.The National Bureau of Economic Research (NBER) and its leading economists still deny the U.S. economy is in a recession. Apparently, their slide rulers haven’t yet confirmed it, so they need a few more quarters before issuing a press release. Meanwhile, the stock market, which is a leading indicator of economic activity, is screaming “recession.” Large company stocks within the S&P 500 (NYSEArca: SPY) have fallen almost 18% since July. Bulls argue this is still shy of the 20% threshold that confirms a bear market, but even so, mid cap stocks (NYSEArca: MDY) and small caps (NYSEArca: IWM) have already entered bear territory. Today’s stock prices reflect expectations about future earnings, which in turn are connected to the future state of the economy. Expectations are rightfully low.

3) Greece has set the tone for Europe (and maybe the rest of the world).How many financial targets will Greece continue to miss before forecasters stop regurgitating its false numbers? When will Greece stop embarrassing itself with financial projections it knows aren’t true? Greece’s 2011 deficit was projected to be 8.5% of its GDP but came in almost €1.69 billion above its original targets. Next year, Greece is aiming for a deficit that’s 6.8% of GDP. With the country engulfed in civil protests, job strikes and general chaos – how realistic are its 2012 projections? Financial bets for Greece to succeed are a long-shot. The country’s economic projections are no longer based upon realistic assumptions, but hopes for garnering more bailout money and calming hostile markets. Ultimately, Greece is merely a reflection of the entire EU region – a place where financial aspirations don’t match reality.

4) Bear funds are leading performers.The two-year period from March 2009 to March 2011 was a difficult existence for bear market funds. After bottoming at decade lows, the stock market skyrocketed and bear funds got clobbered.  But not anymore. Bear funds are investments that, by design, increase in value when the underlying benchmarks they track decline. Now with the stock market swooning, bear funds are posting huge gains. Over the past three months, Direxion’s 3x daily leveraged bear ETFs for large cap stocks (NYSEArca: BGZ) is ahead by 42.97%, mid cap stocks (NYSEArca: MWN) is up 58.30% and small caps (NYSEArca: TZA) is up by 49.76%. Reversing this ominous trend, especially when key technical levels have been pierced, won’t be easy.

5) Major asset classes are in correlation.During a bear market, the correlation between asset classes typically jumps and this is exactly the case right now. Over the past few months, commodities (NYSEArca: GCC), global real estate stocks (NYSEArca: RWO), precious metals (NYSEArca: GLTR), international stocks (NYSEArca: EFA), and U.S. stocks (NYSEArca: SCHB) have all moved in the same general direction by recording sizable losses. Even gold (NYSEArca: IAU) and silver (NYSEArca: SLV), which previously escaped the wrath of losses, have joined the party. And only cash and bonds (NYSEArca: AGG) are bucking the correlation trend. 

6) Pace of sovereign downgrades is accelerating.We don’t advocate putting implicit faith in credit ratings, because history has taught us they are nothing more than financial opinions and frequently, not very accurate ones. Still, a gander at the latest downgrading trend is troublesome. Intuitive observers will note, this is not an isolated phenomenon, but a global trend. Sovereign debt from Greece and Portugal, after several downgrades, is now rated junk. Ireland has been downgraded and Italy was just downgraded by Moody's to A2 with a negative outlook. Japan, along with U.S. debt was lowered in August and another wave of more downgrades is coming, so get used to it. 

Conclusion
Investing in an economically stifled climate requires patience, diligence, and forethought. Following the herd mentality guarantees nothing more than mediocrity and making kneejerk financial decisions is an excellent way to lose money. ETFguide’s Profit Strategy ETF Newsletter continues to advocate a fiercely independent view of world events, financial markets, and the proper allocation of money. Ultimately, having an investment strategy that can perform during any kind of market is a good start. ‘
 

 

 

How To Avoid Bubble Trouble  The Wall Street Journal

 

 

 

Market Recap: Markets Rally on EU Resolution Expectations, US Inks Free Trade Deals Wall St. Cheat Sheet [Resolution expectations rally stocks, and for the umpteenth time; yet, said ‘resolution’ purports to resolve the irresolvable; see, ie., Four Facts that PROVE the EFSF Doesn’t Matter… At All  Phoenix Capital 10/20/2011Four Facts that PROVE the EFSF Doesn’t Matter… At All  -  ‘.. And those investors who get suckered into betting this mess will work out well are very likely going to lose everything. The impact of the fallout from this will make 2008 look like a joke. The EU is the largest economy in the world. So if its banking system collapses (and it will) we’re facing a full-scale Global financial meltdown (the IMF has even warned of this)…’ , S&P sees downgrade blitz in EMU recession, threatening crisis strategy Oct 20th, 2011 News By Ambrose Evans-Pritchard (The Telegraph) , Student Loan Bubble To Exceed $1 Trillion: "It's Going To Create A Generation Of Wage Slavery" And Another Taxpayer Bailout Durden ‘..All we need to do is teach people that Washington D.C. and Wall Street are now the same corrupt entity.  They are one gigantic rogue trader sucking the lifeblood out of America..’ ,  The Coming Derivatives Crisis That Could Destroy The Entire Global Financial System The Economic Collapse , The REAL $200 TRILLION Problem Bernanke’s Worried About  Phoenix Capital... ‘US Commercial banks have $200 TRILLION in interest rate based derivatives sitting on their balance sheets. And guess which banks have the greatest exposure…’, Dead Stocks Walking smartmoney.com , Unthinkable Poised to Happen on Wall Street. See Disturbing Charts. (Moneynews) http://w3.newsmax.com/a/aftershockb/video.cfm?PROMO_CODE=CD97-1  ,  http://www.stansberryresearch.com/pro/1108PSI9MOVD/PPSIMA06/PR  , 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge | By now everyone has had a chance to play with the US debt clock. But what about its global cousin?   America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion 

 

 

 

 

Four Facts that PROVE the EFSF Doesn’t Matter… At All  Phoenix Capital 10/20/2011Four Facts that PROVE the EFSF Doesn’t Matter… At All  [ The Reality, infra  ‘.. And those investors who get suckered into betting this mess will work out well are very likely going to lose everything. The impact of the fallout from this will make 2008 look like a joke. The EU is the largest economy in the world. So if its banking system collapses (and it will) we’re facing a full-scale Global financial meltdown (the IMF has even warned of this)…’ ]‘It’s time to settle the debate regarding Europe’s banking system. I know that the mainstream media keeps talking about another round of bailouts or an expansion to the Emergency Financial Stability Facility (EFSF) as though these things matter.But the reality is… they don’t. Europe’s problems go WAY beyond Greece’s debt. And the entire European banking system is primed for a systemic collapse.

Consider the following four facts:

FACT #1: Europe’s entire banking system is leveraged at 25 to 1.

This is nearly two times the US’s leverage levels. With this amount of leverage you only need a 4% drop in asset prices to wipe out ALL equity. These are literally borderline-Lehman levels of leverage (Lehman was 30 to 1).Mind you, these leverage levels are based on asset values the banks claim are accurate. Real leverage levels are in fact likely much MUCH higher.

 KA-BOOM.

FACT #2: European Financial Corporations are collectively sitting on debt equal to 148% of TOTAL EU GDP.

Yes, financial firms’ debt levels in Europe exceed Europe’s ENTIRE GDP. These are just the financial firms. We’re not even bothering to mention non-financial corporate debt, household debt, sovereign debt, etc.Also remember, collectively, the EU is the largest economy in the world (north of $16 trillion). So we’re talking about over $23 TRILLION in debt sitting on European financials’ balance sheets.Oh, I almost forgot, this data point only includes “on balance sheet” debt. We’re totally ignoring off-balance sheet debt, derivatives, etc. So REAL financial corporate debt is much MUCH higher. 

KA-BOOM.

FACT #3: European banks need to roll over between 15% and 50% of their total debt by the end of 2012.

That’s correct, European banks will have to roll over HUGE quantities of their debt before the end of 2012. Mind you, we’re only talking about maturing debt. We’re not even considering NEW debt or equity these banks will have to issue to raise capital.

Considering that even the “rock solid” German banks need to raise over $140 BILLION in new capital alone, we’re talking about a TON of debt issuance coming out of Europe’s banks in the next 14 months.

And this is happening in an environment prone to riots, bank runs, and failed bond auctions (Germany just had a failed bond auction yesterday).

 KA-BOOM

 FACT #4: In order to meet current unfunded liabilities (pensions, healthcare, etc) without defaulting or cutting benefits, the average EU nation would need to have OVER 400% of its current GDP sitting in a bank account collecting interest.

This last data point comes from Jagadeesh Gokhale, Senior Fellow at the Cato Institute, former consultant to the US Treasury, and former Senior Economic Advisor to the Federal Reserve Bank of Cleveland.

This is a guy who’s worked at a very high level on the inside studying sovereign finance, which makes this fact all the more disturbing. And he knew this as far back as January 2009!!!

Folks, the EFSF, the bailouts, China coming to the rescue… all of that stuff is 100% pointless in the grand scheme of things. Europe’s ENTIRE banking system (with few exceptions) is insolvent. Numerous entire European COUNTRIES are insolvent. Even the more “rock solid” countries such as Germany (who is supposed to save Europe apparently) have REAL Debt to GDP ratios of over 200% and STILL HAVEN’T RECAPITALIZED THEIR BANKS.

Again, it DOES NOT matter what Sarkozy and Merkel say. It doesn’t matter how much leverage the EFSF gets. Europe is broke. End of story. And those investors who get suckered into betting this mess will work out well are very likely going to lose everything. The impact of the fallout from this will make 2008 look like a joke. The EU is the largest economy in the world. So if its banking system collapses (and it will) we’re facing a full-scale Global financial meltdown (the IMF has even warned of this). That’s the reality of the situation we’re in today. I know nobody likes to publicly admit it. But it’s true.What happened in 2008 was literally just the warm up. The REAL DEAL is coming in the next 14 months. And it’s going to involve corporate, financial, and sovereign defaults.On that note, if you’re looking for specific ideas to profit from this mess, my Surviving a Crisis Four Times Worse Than 2008 report can show you how to turn the unfolding disaster into a time of gains and profits for any investor.

Within its nine pages I explain precisely how the Second Round of the Crisis will unfold, where it will hit hardest, and the best means of profiting from it (the very investments my clients used to make triple digit returns in 2008).

Best of all, this report is 100% FREE. To pick up your copy today simply go to: http://www.gainspainscapital.com and click on the OUR FREE REPORTS tab.

Good Investing!

Graham Summers

PS. We also feature four other reports ALL devoted to helping you protect yourself, your portfolio, and your loved ones from the Second Round of the Great Crisis. Whether it’s my proprietary Crash Indicator which has caught every crash in the last 25 years or the best most profitable strategy for individual investors looking to profit from the upcoming US Debt Default, my reports covers it.

And ALL of this is available for FREE under the OUR FREE REPORTS tab at: http://www.gainspainscapital.com.

 

·  The Next Lehman: Bank of America is on the verge of a collapse. Each minute that ticks by brings it closer to becoming the Lehman Brothers event of this Crash. How do we know? Its financials are horrifying and it's been hit with a $31 billion dollar lawsuit. It's in worse shape than it was in 2008 - when it just barely survived.

·  Europe Is Collapsing: Most every European stock market is gasping for life right now. European banks are in free fall. Germany is facing internal revolt and won't even be able (or willing) to back up any bailouts. And Greece has entered the final stages for its financial system -- the markets are pricing in a near 100% certainty of Greek debt default. This will ultimately kill Europe as we know it today.

·  The US Debt Catastrophe: We just blew out our debt ceiling again. Yes, just after the last desperate extension was passed (and the US credit rating was downgraded to great fanfare). And the US economy remains a disaster with more and more Americans losing jobs and then falling off the unemployment numbers. No jobs = no recovery in sight. Our leaders have no plan but to pass more and more intrusive, ineffective legislation.

·  The Myth of the Market Saviour: QE 3 won't solve this mess no matter how cleverly it's disguised (or trumpeted from the rooftops). The Fed spent $900 billion and nearly one year to prop up the markets -- and we've wiped out all those gains in just one summer month. As for China, how did their support of the Euro go earlier this year? Or the recent multiple central bank intervention to prop up the global markets? They're all clueless about plugging the growing leaks on a very large Titanic.

 

To be blunt, the financial system is in greater danger of systemic collapse than at any point in history (including 2008). Do not be fooled by the recent rally we've just seen. Things are not okay! We saw rallies of 8%, 11% and even 17% during 2008. Investors who bought into them got taken to the cleaners…’

 

 

 

The Coming Derivatives Crisis That Could Destroy The Entire Global Financial System The Economic Collapse | Most people have no idea that Wall Street has become a gigantic financial casino.

 



 America must manage its decline   http://www.ft.com/cms/s/0/0c73f10e-f8aa-11e0-ad8f-00144feab49a.html#axzz1bJWdBAUG   By Gideon Rachman  October 17, 2011 ‘Recently I met a retired British diplomat who claimed with some pride that he was the man who had invented the phrase, “the management of decline”, to describe the central task of British foreign policy after 1945. “I got criticised,” he said, “but I think it was an accurate description of our task and I think we did it pretty well.”No modern American diplomat – let alone politician – could ever risk making a similar statement. That is a shame. If America were able openly to acknowledge that its global power is in decline, it would be much easier to have a rational debate about what to do about it. Denial is not a strategy…’

 

 

Full moon October 10-14, 2011 … I’ve examined the weekly results for the global markets … Conclusion: The global euphoria, irrational exuberance in the financial markets worldwide, courtesy of the blazing full moon October 10-14, 2011 ; and yes, the lunacy once the exclusive province of fraudulent wall street is now a global phenomenon (10th near full beginning, 14th near full ending).

 

Fed should adopt GDP target, Goldman says Oct 17th, 2011 News (MarketWatch) — PG View: ‘Yes, it does indeed seem that “inflation as a solution” is gaining traction. I say tom-a-to, you say tom-ah-to. I say inflation targeting, you say GDP targeting. Whatever you call it, it’s synonymous with dollar devaluation and you best be saving in something other than dollars if you hope to come out the other side unscathed.’ …’The Federal Reserve should target the level of gross domestic product, Goldman Sachs economists said ahead of a wave of speeches from central bank officials.In a note published Friday night, Goldman Sachs said the best way for the central bank to loosen policy significantly further would be to target a GDP path, and commit to using more asset purchases to achieve that path.“While a shift to a nominal GDP level target would be a big decision, it would be consistent with the Fed’s dual employment and price mandate,” the economists wrote.[source] PG View: [Talk about self-serving disingenuity that along with their frauds, goldman’s come to be known for! Goldman, like the lunatics at salomon brothers should be out of business and vigorously prosecuted; having in large part helped create this crisis which continues with their dollar debased HFT’s. (‘Salomon Brothers' success and decline in the 1980s is documented in Michael Lewis' 1989 book, Liar's Poker. Lewis went through Salomon's training program and then became a bond salesman at Salomon Brothers in London.’Wikipedia. Acquired by Travelers / Citi. ] A timely position taken by Goldman Sachs in light of the inflation piece written by John Mauldin on Saturday. Yes, it does indeed seem that “inflation as a solution” is gaining traction. I say tom-a-to, you say tom-ah-to. I say inflation targeting, you say GDP targeting. Whatever you call it, it’s synonymous with dollar devaluation and you best be saving in something other than dollars if you hope to come out the other side unscathed.’

 

Can “It” Happen Here? Oct 17th, 2011 News By John Mauldin15-Oct (JohnMauldin.com) — I was inspired for this week’s letter by a piece by Art Cashin (whom I will get to have dinner with Monday). His daily letter always begins with an anecdote from history. Yesterday it was about Weimar, told in his own inimitable style. So without any edits, class will commence, with Professor Cashin at the chalk board.[Cashin's recounting of the nightmare German inflation, which we posted last week.]…”We know that the world is drowning in too much debt, and it is unlikely that households and governments everywhere will be able to pay down that debt. Doing so in some cases is impossible, and in other cases it will condemn people to many hard years of labor in order to be debt-free. Inflation, by comparison, appears to be the easy way out for many policy makers.“Companies and households typically deal with excessive debt by defaulting; countries overwhelmingly usually deal with excessive debt by inflating it away.…But now even serious economists are recommending inflation as a solution. Given the powerful deflationary forces in the world, inflation will stay low in the near term. This gives some comfort to mainstream economists who think we can create inflation to solve the debt problem in the short run.[source]PG View: Another great and comprehensive piece by Mauldin on the threat of hyperinflation. Even though Mauldin believes that an independent Fed, mandated to keep inflation in check, will prevent the unthinkable…what if he’s wrong? He cites an “ill-conceived” proposal by Financial Services Committee ranking member Barney Frank that could severely impede the Fed’s independence as a reason for concern. But even if Mauldin is correct, and inflation of the magnitude needed to meaningfully reduce our oppressive debt burden is never unleashed, it means that that very debt burden is going to be an interminable head-wind to economic growth and job creation. We are truly caught between Scylla and Charybdis.

 

 

 

Is Anyone Dumb Enough to Believe that Obama Supports the 99%? Posted by: George Washington Post date: 10/17/2011 - Obama Pretends He Supports the 99% … But He’s a Wolf In Sheep’s Clothing [ Point well made! Despite his near legendary rhetoric (aka b***s***), his near legendary actions (aka dismal failure) have belied same. He’s so pathetic he’s become a cliché, a joke for typical political b***s*** and is a total embarrassment! Even more embarrassing are those who continue to cheer his opportunist b***s***! ]

 

'Fear Gauge' Marches Higher: TVIX Biggest Gainer With 17% Rise  Barrons.com 

 

French Banks Can Set Off Contagion That Will Make Central Bankers Long For The Good 'Ole Lehman Collapse Days! Posted by : Reggie Middleton Post date: 10/17/2011 - 13:46 ‘Due to the rampant misinformation and disinformation (please recognize and appreciate the distinct difference) being bandied about, I've decided to run the #s 1 more time and put it right here in...’

 

Balance Of Fundamentals Will Continue To Weigh On Market  http://thestockreporter.com/balance-of-fundamentals-will-continue-to-weigh-on-market ‘…Let us review six key fundamental factors as well as the technical panorama:

1. Sovereign debt and financial crisis in Europe.

2. Economic growth momentum in the USA and prospect of “double dip.”

3. Corporate earnings reports and guidance in the USA

4. Fiscal policy in the USA.

5. US monetary policy.

6. Global growth, with particular emphasis on China.

7. Technical factors…’

 

 

Marketwatch.com Regulators on Friday closed banks in Georgia, North Carolina, New Jersey and Illinois, pushing this year’s national tally of collapsed banks to 80.  The Federal Deposit Insurance Corp. said the Georgia Department of Banking and Finance closed Piedmont Community Bank in Gray, Ga., the state’s 20th failure of the year. State Bank and Trust Co. of Macon, Ga., will assume all of Piedmont’s deposits, the agency said. http://www.marketwatch.com/story/us-bank-failures-climb-to-80-in-2011-20...

 

US budget gap widens, tops $1 trln for 3rd year Reuters | Above $1 trillion for third straight year and providing fodder for political battle over taxes and spending.

 

ECRI Recession Watch: Growth Index Declines Further  http://www.bullseyemicrocaps.com/?p=11699  By Doug Short: The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) has posted 10 consecutive declines since early August. The interim high of 8.0 was set in the week ending on April 15. The latest reading, data through October 7, is -9.6, down from the previous week’s -8.7.

On September 30th, the ECRI publicly announced that the U.S. is tipping into a recession, a call the Institute had announced to its private clients on September 21st.

Early last week, ECRI notified clients that the U.S. economy is indeed tipping into a new recession. And there’s nothing that policy makers can do to head it off.

ECRI’s recession call isn’t based on just one or two leading indexes, but on dozens of specialized leading indexes, including the U.S. Long Leading Index, which was the first to turn down — before the Arab Spring and Japanese earthquake — to …’

 

 

US to Experience Stagflation Worse Than 1970s: Jim Rogers CNBC | The U.S. economy is likely to experience a period of stagflation worse than the 1970s.

 

Jeff Applegate: Not Sheepish About Turning Bearish  The Wall Street Journal  Jonathan Cheng ‘Last week was a tough time to turn bearish. Since hitting a bottom on Tuesday, the Dow Jones Industrial Average has jumped by 11% in less than two weeks, raising hopes among some investors that the U.S. and Europe may be able to power through their summertime woes.

Not for Jeff Applegate.

Mr. Applegate, the 61-year-old chief investment officer of Morgan Stanley Smith Barney, last week made his biggest bearish shift in more than two years, battening down the hatches and reducing his exposure to stocks, high-yield bonds, commodities and real-estate investment trusts.

Mr. Applegate argues that the world is heading into recession, hurt by political paralysis that has added uncertainty while withholding stimulus at a time of weakness. And the past few days’ rally, fueled by progress on a European bailout and an encouraging U.S. jobs number, has done little to change his mind.

“We’re seeing a relief rally in global equities in recent days, but at the end of the day, we think if Europe is heading into recession — which I think they are — and if the U.S. is heading into recession — which I think we are — then there’s more downside in equities,” Mr. Applegate said.

After a strong start to the year, U.S. stocks wavered in the summer as Europe’s debt crisis intensified. Stocks tumbled further in August as the worries spread to the U.S. economy, sending the Dow to a one-year low last week. But as the economic data showed tepid signs of improvement, a number of investors and traders have begun to argue that the stock-market may have turned a corner.

Mr. Applegate said the Global Investment Committee he runs at MSSB, which meets as many as 20 times a week but makes only very infrequent changes to its positioning, didn’t come to the conclusion lightly.

Two and a half years ago, Mr. Applegate began shifting to a more aggressive position, benefiting from the major U.S. stock indexes’ 70% increase off its the March 2009 trough. While he says there was “no single event” that tipped the balance this time around, Mr. Applegate’s pessimism is based on well-known concerns: the ongoing debt crisis in Europe, fears of a “double dip” recession in the U.S. and concerns about central bankers’ ability to support the wavering global economy.

“The policy action being taken, both in Europe and the U.S., is too little, too late,” he says.

Mr. Applegate doesn’t rule out a comprehensive plan to prevent a European banking crisis, but he worries that Europe’s economy may nonetheless falter — particularly as the European Central Bank holds interest rates steady after several increases earlier this year.

“Europe will avoid a Greek default, but what we ware saying is that they’re heading into recession anyway,” he said. “The European economy wasn’t exactly robust to begin with, and it’s hard to see how it’s going to get better.”

To be sure, Mr. Applegate concedes that the economic picture could gradually improve, “in which case our call is going to be incorrect.”

“We’re sifting through the evidence all the time, so if it looks like we’ve got it wrong, we’ll need to change our course,” he said.

Mr. Applegate says he isn’t bothered by the market’s recent 11% run-up.

“We have always said that we never try to time the market, and we don’t,” he said, adding that his committee is flexible enough to reverse course — or even turn more bearish if economic conditions deteriorate more than he fears. “We could still get more defensive,” he said.’

 

 

 

Double-Dip Recession a Foregone Conclusion: Roubini Oct 11th, 2011 News (CNBC) — The world’s advanced economies are headed for a second recession, regardless of whether there is further chaos in Europe, Nouriel Roubini told CNBC on Tuesday. The economist who correctly predicted the 2008 financial crisis, but has got some other bearish calls wrong, said his reading of recent data suggested the U.S., euro zone and the UK are already on the verge of falling into a recession in the next quarter or two.“The question is not whether or if there is going to be a double dip, but whether it’s going to be mild or severe with another financial crisis,” Roubini told CNBC on the sidelines of the World Knowledge Forum in Seoul. “The answer on that depends on the euro zone.”According to Roubini, a disorderly situation in Europe caused by a sovereign debt default, a banking crisis or an exit of one of the members from the euro zone, would be a shock more severe than the collapse of Lehman Brothers. He added that Europe had to get its act together and “do the right thing” by the G20 meeting in Cannes in the first week of November.[source]

 

The REAL $200 TRILLION Problem Bernanke’s Worried About  Posted by: Phoenix Capital... Post date: 10/12/2011 – ‘US Commercial banks have $200 TRILLION in interest rate based derivatives sitting on their balance sheets. And guess which banks have the greatest exposure?

I’ve stated before that Bernanke isn’t interested in interest rates for employment of economic purposes. We now have definitive proof this is the case.

 http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-4_0.png

 As you can see, interest rates have actually RISEN after the announcement of QE lite, QE 2 AND Operations Twist #2.The evidence is clear, QE has not lowered interest rates. Indeed, the only time rates FELL in the last two years was when the Fed WASN’T engaged in QE (May 2010-August 2010 and June 2011-September 2011).So what gives? Does the Federal Reserve not have a stockcharts account? Don’t tell me that with the TRILLIONS spent bailing out banks the Fed can’t afford to print a couple hundred bucks to see Treasury yields. Heck, there are plenty of FREE sources for Treasury charts.Jokes aside, it’s clear the Fed is engaged in QE for another reason or reasons. I believe they are:

#1) To absorb the insane debt issuance to permit the US’s massive deficit.

#2) To keep the interest rate based derivative market in check.

Regarding #1, it’s no surprise that the US has been running a deficit that would make Greece proud. Indeed, the primary strategy of the powers that be since the Great Crisis began in 2008 was to attempt to make up for the sharp downturn in the private sector by spending obscene amounts of money.The Fed played a big part in this.  Indeed, since QE 1 was announced the Fed has bought over $1.2 TRILLION in Treasuries. The Fed claims it isn’t funding the deficit directly. That’s only partially correct. The Fed is supposedly buying old Treasuries from the banks. However, the definition of “old” can mean one or two weeks.Tell me with a straight face that isn’t somehow buying new Treasuries.As for the derivatives situation or #2 in my list above, 82% of the $244 TRILLION in derivatives sitting on US commercial bank balance sheets are based on interest rates. Put another way…US Commercial banks have $200 TRILLION in interest rate based derivatives sitting on their balance sheets. And guess which banks have the greatest exposure?

 http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/top%20four.gif

Looks a lot like the list of the VERY banks the Fed has been giving the most money/ preferential treatment to. Coincidence? Nope. This is the $200 TRILLION problem Bernanke’s so worried about. It’s THE reason he keeps funneling money to the TBTFs.And he WILL lose control of it, just as he did in 2008.Consider that Financial leverage levels today are higher than during the Tech Bubble. Only this time, the problem will be far FAR worse.Why?Because 2008 was caused by the Credit Default Swap (CDS) market which was $50-60 trillion at the time. As I stated before, the interest-rate based derivative problem is $200 TRILLION in size.Even if only 4% of this is “at risk” and 10% of that “at risk” money blows up, you’ve STILL pretty much wiped out the equity at the TBTFs.You think Bernanke might be worried?On that note, if you have yet to prepare yourself for what’s coming, now is the time to do so. Whether it’s by moving to cash and bullion, opening some shorts, or simply getting out of the markets altogether, now is the time to be preparing for what’s coming (remember, stocks took six months to bottom after Lehman… and that was when the Fed still had some bullets left to combat the collapse).And if you’re looking for specific ideas to profit from this mess, my Surviving a Crisis Four Times Worse Than 2008 report can show you how to turn the unfolding disaster into a time of gains and profits for any investor.Within its nine pages I explain precisely how the Second Round of the Crisis will unfold, where it will hit hardest, and the best means of profiting from it (the very investments my clients used to make triple digit returns in 2008).Best of all, this report is 100% FREE. To pick up your copy today simply go to: http://www.gainspainscapital.com and click on the OUR FREE REPORTS tab.Good Investing!Graham Summers PS. We also feature four other reports ALL devoted to helping you protect yourself, your portfolio, and your loved ones from the Second Round of the Great Crisis. Whether it’s my proprietary Crash Indicator which has caught every crash in the last 25 years or the best most profitable strategy for individual investors looking to profit from the upcoming US Debt Default, my reports covers it. And ALL of this is available for FREE under the OUR FREE REPORTS tab at: http://www.gainspainscapital.com.’


Europe eyes bigger Greek losses for banks

 

Markets Are Dealing With a Foreboding Financial Backdrop  Minyanville   Lee Adler Oct 12, 2011 ‘Tracking the Fed, Treasury, primary dealers, foreign central banks, money supply, and other key elements of US market liquidity to undertsand how markets are operating.

Two weeks ago I began to report that foreign central banks (FCBs) had begun to engage in unprecedented levels of disgorgement of their massive holdings of US Treasury and Agency paper. Prior to this year, the FCBs had typically absorbed the equivalent of 25% of new US Treasury issuance month in and month out. That was effectively a subsidy of US financial markets. It lowered long-term interest rates artificially and injected cash into the US markets and banking system.

Then about a year ago the FCBs began to slack off in their buying. In reality, that is what necessitated the Fed's program of Quantitative Easing. The Fed had to step in and fill the demand gap left by the FCBs gradually reducing their rate of purchases. Had the Fed not acted when it did, long-term Treasury yields would have started to rise and along with them mortgage rates and other long-term rates, something that the US economy and the US government simply could not afford.

When the negative unintended consequences of the Fed's QE money printing, primarily skyrocketing commodity prices, exploded in Ben Bernanke's face, he was forced to discontinue the program and allow the Treasury market to fend for itself. The Fed had convinced itself through its self-congratulatory in-house research, that there would be more than enough demand for Treasuries for the market to stand on its own without the Fed propping it up.

Ironically, the US bond market was rescued by the European sovereign debt and bank meltdown, so it appeared for a while that Dr. Bernanke might be right and his monster experiment would come to life on its own. The European panic triggered massive capital flight that ended up (where else?) flooding into the US, mostly into purchases of Treasuries. Not only could the monster walk on its own, it could actually fly! Once again the Treasury market benefited from an unusual subsidy, this one driven by fear. Bond prices flew into the stratosphere with yields sinking to record lows.

About six weeks ago, something changed. FCBs not only slowed their buying of Treasuries, they stopped altogether, reversed course and actually began selling them. Three weeks ago their selling reached a level that I characterized as "dumping." It was simply unprecedented. I opined that this could be the beginning of the end of the Treasury bull market, in spite of any effect that the Fed's new Operation Twist might have.

In fact, I expected that effect to be nil, and it has been. If anything, the announcement of Operation Twist, where the Fed offered to buy long-term Treasuries from the Primary Dealers while simultaneously selling them short-term paper, rang a bell for some investors. The Fed's announcement told them that the time had come to sell their long-term paper. If the Fed was buying, they decided that they would be glad to sell. Today, the yield on the 10-year Treasury note rose to 2.16%. That's up an astonishing 44 basis points since last Thursday's open.

Every other day, the Treasuries open on a huge gap. They are trading more like pork bellies than stodgy government bonds. Worst of all, the yield on the 10-year is up approximately 45 basis points since the low in yield reached the day after the Fed announced Operation Twist. Bernanke has egg all over his face. The man simply does not understand financial markets. And this move does not look like a fluke. As a result of today's market, the yield on the 10-year has broken out of an intermediate-term base. Unless yields pull back immediately, the implication is that the intermediate term target is 2.50. Meanwhile, Bernanke had assured investors that long-term yields would fall as a result of his doing the Twist.

Apparently, the FCBs were among those who took the Fed's announcement as a sell signal. They are selling at the heaviest pace in the nine years that I have been tracking this data. Normally, prior to the last five weeks, the instances when they were actually net sellers were few and far between. What has been going on here lately is no less than a sea change.

Making matters worse is that the Primary Dealers have also become massive sellers of Treasuries and all manner of fixed income paper in recent weeks. This data is released with a 10-day lag, so I only have data through September 28, but given the market action this week, this trend is certainly continuing.

The dealers appear to be in trouble. They began selling off their fixed income paper of all types in early September. That accelerated to what I can only characterize as wholesale dumping in the weeks ended September 21 and 28. It is no coincidence that those where the weeks where we began to see yields reverse from their record run.

http://image.minyanville.com/assets/FCK_Jan2011/Image/October11/12/la10121.JPG

 
These are troubling developments, not just for their implications for the bond market, but for what they imply about the health of the backbone of the US financial system -- the Fed's Primary Dealer (PD) network. If the Fed is the head, these guys are the spinal cord. Focusing on just their corporate bond holdings the picture becomes even more troubling. If major corporations are supposedly doing so well and their balance sheets are in such great shape, why did the PDs not accumulate their fixed income securities throughout the equities bull market of 2009 and 2010? And especially, why have they been frantically dumping their corporate holdings since June?

http://image.minyanville.com/assets/FCK_Jan2011/Image/October11/12/la10122.JPG

Something is rotten here. These are signs of major systemic stress.

It's been a while since both stocks and bonds have rallied together. In recent months stocks could only rally when bonds sold off, which was rare. For the most part bonds were rallying and stocks were selling off. There just has not been sufficient systemic liquidity to keep levitating both markets simultaneously. It was either one or the other. But even the days where the stock market rallies, when bonds sell off and yields rise, may be coming to an end, and the day where both stock and bond prices fall and yields rise together, may be at hand.

These are just a couple of the factors that I track in my weekly reports covering the Fed, Treasury, Primary Dealers, foreign central banks, money supply, US commercial banking system conditions, fund flows and other key elements of US market liquidity. The fabric of the US financial markets is intertwined and complex. I track what I believe, from my years of observation, are the most important threads in that fabric, to try and gain an understanding of the context in which the markets are operating. That context is important to the technical analysis side of my work, where knowing the liquidity picture can help in understanding the patterns unfolding on the charts of the markets themselves. There are always loose ends, but more often than not, even with loose ends most of the threads tie together into a neat tapestry with a story that is clear. This may be one of those times, and it's not a happy picture.

Editor's Note: This article was originally published on Wall Street Examiner.’

 

The Structural Challenges Facing Muni Bonds  Minyanville

 

Dave’s Daily http://www.etfdigest.com/davesdaily  ‘The only thing wrong with the image above is that it’s from March 2010, or on one of many previous plans agreed upon. But, markets don’t care about this and just thirst for any deal even if memories remain short. These euro zone fixes seem ephemeral and need implementation to stick. HFT algos are programmed to pounce on these presumed fixes and have been active in driving stock prices higher this past week. Let’s face it; this is the time of year bulls can make their year with good fees and bonuses on the line…

 

 

 

[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

China’s worsening credit crunch — Pragmatic Capitalism

The Occupy Wall Street protesters are winning — Josh Brown

The gap between economic data and sentiment — Abnormal Returns

Recession, restructuring and the ring fence — John Hussman

 

What happens after a Greek default? — Fortune

Stop blaming Greece for the market’s problems — Mark Hulbert

China’s credit crunch is worsening — FT Alphaville

Another huge earnings miss coming? — James Bianco at The Big Picture

It’s science: 92% of all Billboard top ten songs are about sex — The Atlantic

Frau Merkel, it really is a euro crisis — Ambrose Evans-Pritchard

Hero or hypocrite? The Buffett Rule, then and now — Jeff Matthews

CRB commodity index back to 1749 (warning: extreme verticality) — Ritholtz

Will stocks rally as profit margins fall? — FT Alphaville

Europeans still don’t seem to understand the enormity of their crisis — Economist

Misunderstanding the effects of QE2 was a grave mistake, hurting us today — Pragmatic Capitalism

The myth of cash on the sidelines — James Bianco at The Big Picture

A flowchart of Greece endgames — none appealing — BBC

The unexamined crisis of 2008 — Economist’s View

Monetary moves have lost their magic — Reuters Breakingviews

Jobs are not really being held back by deficit uncertainty — The Atlantic

The real failure at Netflix — Abnormal Returns

Peak oil may be beside the point — Economist

The Troy Davis case shows how wrong eyewitness evidence can be — Slate

The Tiger Mom goes to China — New Yorker

Overconfidence may be an evolutionary advantage — Discover

Buy your own private island in NYC for less than $300,000 — Curbed (via Felix Salmon)

Bank of America’s layoffs pointless, “wouldn’t even pay the lawyers” — Huffington Post

Time to break up Bank of America — The Atlantic

Why is the UK still rated AAA? — FT Alphaville

New human ancestor discovered — WSJ

The cost of a crowded volatility trade — FT Alphaville

Workers’ malaise foreshadows wider social issues — Mohamed El-Erian at Reuters

No, we’re not waiting for your official recession call, economist –Josh Brown in Forbes

Your guide to living in 10 fictional worlds — Wired

Failing US economy no reason to stop investing in print media, all experts agree — The Onion

Enough with the monetary easing already — Pragmatic Capitalism

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 AshToday’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 Forbes / Mariotti  There will be no significant recovery in the United States of America while Barack Obama is President.  The evidence is overwhelming:  everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed.  Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each.  Nearly 2-1/2 million fewer Americans have jobs than before the stimulus.

Barack Obama has been President for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.  He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW.  His broken campaign promises are too numerous to list.  At some point, his statute of limitations on blaming Bush runs out.  The latest joke is that the White House is that named the location of East Coast earthquake near DC “Bush’s Fault.”

Obama himself said, “…that after three years, if the economy wasn’t fixed he should be a one-term president.”

Clearly the economic malaise started on George W. Bush’s watch.  Its causes will be argued for decades, but most of them are traceable to irresponsible lending and excessive spending— both by government and the American people.  The trouble that started before 2008 is directly traceable to actions (or inactions) of Bush and GOP allies in Congress.  They spent America into the start of the current deficit during his eight years in the White House.

But that was then, and this is now. Since Obama took office the situation has gotten much, much worse. Obama has run up the deficit at more than twice the rate Bush did. During the first quarter of 2011, the US economy “barely grew” —at 0.4%—that was followed by second quarter’s “anemic growth” of 1%.  This was during the period when the Obama recovery was supposed to be well underway.  Employment data is unremittingly terrible:  new jobless claims are stuck at 400,000+/- each month, with job creation well below what it takes just to absorb new workforce entrants.  More Americans have been unemployed longer than ever in our history.  And looking ahead, the news is not good.

This is Obama’s failed American recovery, and in the near future, Obama’s impending double-dip recession (thanks in no small part to his three consecutive years with Trillion-dollar in deficits that have inflated the national deficit to soaring heights—$14+ Trillion.)  That legacy clearly belongs to President Barack Obama and with help from the Congress led by Harry Reid and Nancy Pelosi during 2008-2010.   Thanks to them, our country hasn’t even had a budget since Obama took office.

The latest Obama Blame Finger pointing focuses on the “Tea Party” as “extremists” who have a problem with astronomical deficits as far as the eye can see.  (Pointing at Bush is getting a little old since he’s been out of office for 2-1/2 years).  Obama needs a new scapegoat.  The problem with the Tea Party is that it is like the child in the fairy tale, “The Emperors New Clothes.” The child is reviled for pointing out that the emperor is naked.  Thus, the Tea Party is not wrong, just unwelcome.

Now Obama also wants to point the Blame Finger at the GOP House for the downgrade in the US debt rating by Standard and Poor’s.  It seems that he believes that everyone else is to blame but him. That downgrade was predestined by the combination of irresponsible spending and Obama’s clueless attempts to throw money at a recovery to no avail.  Spending $1.50 for every dollar of revenue, running trillion dollar annual deficits is reason enough for a downgrade in the US debt rating.

Face it folks:  This is Obama’s failed recovery. And if (or when) it comes to pass, this “double-dip” recession (just around the corner) is his too.

Make no mistake, there IS plenty of blame to go around.  About 75% of Americans are fed up with both Obama and Congress.   The conservative and liberal factions of the House and Senate behaved badly in the recent debt ceiling negotiation.  President Obama wanted to stay above the fray so he provided no leadership. He didn’t even know how to bring the opposing viewpoints together.  He talked about bi-partisanship and consensus, but his actions disproved his words.

Until the president saw an impending disaster, he sat on the sidelines, afraid to do anything that might hinder his reelection campaign.  Then, when his intervention didn’t help, and arguably hurt the progress, he grew impatient, petulant and angry.

John Boehner, however, did an admirable job trying to build a compromise deal on the debt ceiling, and get his own Caucus to support such a plan.  Except, Obama was attacked by his liberal base for even considering the “grand bargain,” so he came in and dumped another “raise taxes more” demand on Boehner.  I’d have walked out too, which Boehner was right to do.

But at least they were arguing about the right thing: how much to cut spending and how.

The Tea Party’s desire for fiscal responsibility is right, but it doesn’t mean that tax revenue can’t be increased.  It can; how it’s done is what matters.  The tax code desperately needs to be restructured.  Simply digging in on old positions doesn’t help; it hurts.  The goal is to “get the country working again,” and grow our way out of this mess.

The one phrase of President Obama’s that I agree with is “Country First.”  But John Boehner was the one who tried his best to put “Country First.”  If Obama truly chooses that as his 2012 campaign slogan, it will reek of hypocrisy.

If the members of Congress would put 1) country first, 2) constituents wishes next, and 3) personal agendas last, they might be able to work together to find a way out of this mess.

What happens in the Super-Committee of Twelve will be both revealing and predictive.  Either America’s Congressional leaders will—or won’t—put "country first" and try to find common ground and reasonable compromises to lead America out of this mess.

Whatever happens, this failed recovery and impending recession belong to President Barack Obama.  His condescending explanations of why “we Americans” don’t get it, how “this will take a long time,” this recovery, and his “class warfare” about “millionaires and billionaires” versus the “common folk” are all wearing thin.

This kind of rhetoric won’t solve America’s problems.   It takes strong, informed, and experienced leadership to get through a mess like this one. We need a fixer, not a hypocritical speechmaker in the White House.  Barack Obama is not that man.  A wise man once told me, “The person who got you into a problem is seldom the one who will get you out of it.” That’s why there will be no recovery on Obama’s watch…’

 



Chart Shock: The REAL Unemployment Rate Is 22% The Daily Bail September 2, 2011 http://www.infowars.com/chart-shock-the-real-unemployment-rate-is-22

http://dailybail.com/storage/chart-real-unemployment-3.gif?__SQUARESPACE_CACHEVERSION=1314981227699

’It’s now above 23% with the August update.  Details from John William’s Shadow Stats.’  Shadow Stats ‘The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers. The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.’

 

 

 

Deja Vu All Over Again: Total US Debt Passes Debt Ceiling… In Under One Month Since Extension  Sep 2nd, 2011 News (ZeroHedge) — ‘Remember when one month ago the US, to much pomp and circumstance, not to mention one downgrade, announced a grand bargain raising the debt ceiling from $14.294 trillion to something much higher, with a stop gap intermediate ceiling of $14.694 trillion, or $400 billion more. Well, as of today, or less than a month since the expansion, total US debt is at $14.697 trillion. Yep – the total debt is again over the ceiling, which means the US debt increased by $400 billion in one month. Score one for fiscal prudence. And while the total debt subject to the limit is still slightly less, at $14.652, one week of Treasury auctions and will be time for Moody’s to justify again why the US is a quadruple A credit.  http://www.usagold.com/pete/newsviews/DebtCeiling.jpg 

 

 

 

 

Global Recession: Right Here, Right Now at Minyanville  Mike Mish Shedlock Sep 02, 2011 Why are we talking about avoiding recession when the global economy is clearly in one and fundamentals are horrendous?

 

  It's time to stop debating whether or not the US or Europe is headed into recession. The facts show the entire global economy is in recession.

Global Recession Supporting Data-Points


Ten Thoughts

1. Prior stimulus in the US is dead, having run its full course.
2. There is no incentive in the US Congress for more stimulus.
3. Austerity measures have yet to hit Italy and France.
4. Austerity measures will continue to bite Spain, Greece, Ireland.
5. Germany's export machine will die without the rest of Europe.
6. QE3 will fail much sooner than QE2 as interest rates already extremely accommodating.
7. Gold may respond well to competitive currency devaluation schemes.
8. The Eurozone is highly likely to breakup, although timing is unknown.
9. Global equities and commodities are priced for perfection.
10. Perfection is not happening.

 Talk of avoiding recession when the global economy is clearly in one and fundamentals are horrendous is sheer lunacy. For more, see Mish's Global Economic Trend Analysis here.’

 

U.S. Postal Service nearing bankruptcy as email asserts its dominance [Good! Let UPS take them over … the usps is totally unreliable]

 

 

Albert Edwards Has Another Reason You Should Worry About Profits at The Wall Street Journal  Mark Gongloff

http://s.wsj.net/public/resources/images/OB-PM490_margin_K_20110906142805.jpg

‘Brendan posted earlier about how Citigroup is getting worried about profit margins. They’re not alone — Soc Gen’s in-house Dr. Doom, Albert Edwards, has a note today with his own take on the subject.

Shockingly, Mr. Edwards’s take is downbeat!

While Citi focused on the impact of government spending on corporate profits, Mr. Edwards zeroes in on the recent collapse in productivity and surge in labor costs and what they say about margins:

Last week the BLS revised the unit labor cost rise in Q2 up from 2.2% to 3.3% quarter over quarter. US non-farm business unit labour costs are now rising by 2% year over year. That is very bad news for profits. Bad news for equities. And because the pace of ULC is a key driver of inflation (upwards in this instance), it is bad news for an increasingly criticised and divided Fed.

Since labour costs overwhelmingly dominate corporate costs, trends in productivity are crucial to the pace of growth of company profits. If unit labour cost growth is below unit price inflation, then unit margins are expanding. This, together with unit sales growth (and the less important unit non-labour costs), arithmetically determine profit growth.

Typically, productivity growth tends to ebb and flow with the economic cycle – i.e. productivity tends to rise as the economy accelerates and vice versa. Therefore unit labour costs tend to fall sharply early in economic recoveries (as has happened recently), but typically begin to rise and eventually exceed output price inflation later in the cycle.

When unit labour costs start to rise quicker than output prices, as is the case now, this tends to exert an upward pressure on inflation as companies try to maintain margins. The pass-through of this upward pressure on inflation is largely determined by the pace of the cycle. If demand is robust, inflation will rise. If demand is weak and companies cannot pass on cost increases, margins and profits get crushed. That is the tipping point we have now reached.

And Wall Street analysts, in a truly shocking development, actually seem to be paying attention, Mr. Edwards writes:

[W]e should not be surprised at the pace of deterioration in analyst earnings optimism: in fact we have seen a near record rate of decline in US estimates over the past six months. In Europe things are even worse! As Andrew Lapthorne shows in this week’’s Global Equity Market Arithmetic, European (ex UK) the level of analyst optimism has now dived to 24%, a level only ever reached in recession.’

 

 

 

Why Every Investor Needs to Time the Market Breakout  ‘In tumultuous times conventional wisdom suggests buying then holding high quality, blue chip, dividend paying stocks for stability. The big idea is to avoid "timing the market" by extending the time frame beyond the current day, month, year or even decade. The value/yield camp tends to view volatile markets, such as that of 2011, as a chance to add to a portfolio while flighty "traders" panic in and out of stocks.The mathematical fact is those who have bought and held stocks over the last 3, 5 or even 10 years have lost money, either on an absolute basis or relative to inflation. Missing the 50% drop of 2008 didn't require intuition, charting or sophisticated financial analysis. Selling the news when Bear Stearns got sold for $2 got you out of the S&P500 well over 1,250. Selling the news of the Lehman collapse got you out of stocks well over 1,200 on the S&P. Once out, investors had two years to get back into the market below where they made their exit. I don't particularly regard stepping aside as trading; it's common sense. If investing in this manner is a mug's game, buying and holding forever, putting Blue Chips in a drawer forever, or dollar-cost averaging have been tantamount to financial self-abuse…’   This Is a Secular Bear Market and The End of Buy and Hold … and Hope http://www.albertpeia.com/endofbuyandhold.htm Brian Rezny June 03, 2010 ‘Buy and hold investing is a popular strategy, and the thinking is straightforward: in the long run, the market will offer returns, in spite of short-term volatility. In theory, this is a sensible idea. Unfortunately, this approach does not work in today’s market. Why not? Of course, the market is down for this month. But that’s not the reason this is not a buy and hold environment. It’s not just about the recent correction, or the end of a market rally. The current trend fits into a much bigger picture… and it’s a picture of a long-term bear market. Secular markets are long-term trends, typically lasting about 18 years…’  [ This was true and among my conclusions even back in 1977 when I did my MBA thesis: MBA Finance, NYU GBA, 1977. It most assuredly is glaringly true today.  Fed Economists Predict A 15 Year Bear Market For Stocks Aug 23rd, 2011 News (BusinessInsider)  ,  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 (11,297). Therefore, the index has gained 11%  (-0-% as of this day) 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.]   



 

Prepare For Recession And Bear Market at Forbes Sy Harding, ‘Brace yourself for a recession.

Central banks around the world seem to be doing so, making little effort to prevent it this time around, resigned to letting the business cycle play out.

Stock markets around the world also seem to be doing so. In anticipation of economic slowdowns that won’t slide all the way into recessions, stock markets normally decline only into corrections (declines of less than 20%). But they plunge into bear markets when recessions loom.

And global stock markets outside of the U.S. are already in full-fledged bear markets. That includes 10 of the world’s 12 largest economies, the exceptions being only the U.S. and Canada.

In order of the size of their economies, at the recent August lows the stock market in China, the world’s second largest economy, was down 23% from its November peak, Japan down 21%, Germany down 30%, France down 29%, the United Kingdom down 21%, Brazil down 33%, Italy down 39%, India down 25%, Russia down 28%, and Spain down 29%. The exceptions were the U.S. and Canada, which at their August lows were down only 16% (the Dow) and 18% respectively.

The recession and bear market are coming to the U.S. too, and may have already arrived.

You can be sure of that because it’s been one world economically for years, and historically global economies and stock markets tended to always move in and out of recessions and bear markets together even before their dependence on each other became so pronounced.

You can be sure of it because central banks seem willing to let it play out this time as in days of old, without intervention.

In the financial crisis of 2007-2008, it took a massive coordinated effort by global central banks to pull the world back from the brink of what would have been a total global financial collapse.

But when their economies began to slow again in 2010, without the world being on the brink of financial Armageddon, major nations outside of the U.S. were content to let the business cycle play out normally, arguing against the U.S. Fed’s decision to jump in with its QE2 stimulus efforts.

Indeed, while the Fed was making that massive monetary easing effort, central banks in Asia, Europe, and South America were tightening monetary policies and raising interest rates to ward off rising inflation, and to tackle the government debt crises created by their 2008-2009 bailout efforts.

The Fed’s QE2 effort pushed a flood of additional dollars into the global financial system, spiking the prices of commodities and paper assets like stocks, but had no lasting effect on even the U.S. economy.

This year, as global economies again slow significantly, central banks outside of the U.S. again seem content, or at least resigned, to letting the business and economic cycle play out, even though it likely means a global recession.

They refrain from saying anything too negative that might make matters worse, but for instance, this week the central bank of Brazil, which actually has one of the world’s strongest and fastest growing economies (but highest rate of inflation), warned that this downturn in global economies will not be as severe as in 2008-2009, but will be more prolonged.

The Financial Times reported Friday that “As the Organization for Economic Cooperation and Development’s forecasts showed on Thursday, the near-term economic outlook for the Group of Seven is dire, yet the mood is one of resignation. . . . Finance ministers across the G7 are searching for ways to explain their lack of likely coordinated action.”

And even in the U.S., the Federal Reserve has been clearly transparent about its reluctance to intervene this time.

With the economy far weaker than it was when the Fed intervened with QE2 last year, Fed Chairman Bernanke continues to say the Fed has some tools it can use if necessary, but will wait and see. In his most recent speeches he cautioned that the Fed is limited in what it can do anyway, and called for Congress to step up to the plate.

Thursday evening, President Obama did call for Congress to step up to the plate and pass his $450 billion jobs bill.

But even if the proposal should get through the political grinder of the grid-locked Congress, it would be too little too late by the time it could be implemented.

So prepare for a recession and bear market.

Hopefully investors learned from the 2000-2002 and 2007-2009 bear markets that Wall Street’s advice to diversify into ‘defensive’ stocks won’t do it. As I’ve shown you in previous columns, so-called defensive stocks, defensive because they pay high dividends or have been around a long time, are dragged down just as far as any in a bear market.

Back in ‘the old days’ the call of successful investors in times like this was that “cash is king”. Even receiving little to no interest income on cash was better than experiencing a 30 to 40% loss.

These days investors are better served. The availability of ‘inverse’ mutual funds and ‘inverse’ exchanged-traded funds, designed to move up when markets move down, make them the new king in bear markets. Cash may be better than losses, but the opportunities for 30% profits while others are experiencing 30% losses are even better.

In the interest of full disclosure, I and my subscribers have already taken double-digit profits from positions in the ProShares Short S&P 500 etf, symbol SH, and ProShares Short Russell 2000 etf, symbol RWM, and we’re looking at others.’

 

 

4 Bearish Mega Trends   Simon Maierhofer, September 9, 2011, ‘In 2004, Daniel Simons of the University of Illinois and Christopher Chabris of Harvard University conducted an experiment that was as simple as it was fascinating.

If you want to be part of the experiment, watch this video before you read any further.

The Experiment

There are two groups of three people each. One group is wearing black shirts, the other group white shirts. The assignment is to watch how many times the players wearing white, pass the basketball.

If you counted 15, you are correct. But more importantly, did you notice the gorilla? While you were counting passes, a woman dressed in a gorilla suit walked slowly across the scene, stopped to face the camera and thumped her chest.

Half of the people watching the video with the intent of counting passes did not see the gorilla. The experiment illustrates the phenomenon of unintentional blindness. This condition, also known as perceptual blindness, prevents people from perceiving things that are in plain sight.

For most of 2010-11 Wall Street was so enamored by the magical powers of QE2 that it forgot about the 800-pound gorilla - the economy that wasn't improving. In fact, the economy continued deteriorating in plain sight.

There are five bearish mega trends that may draw stock prices much lower over the coming years. Here are the five mega trends (and what will make stocks rally in between).

U.S. Deficit

For a moment, take a mental journey with me back in time. We are now in early 2008. The major indexes a la S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI), and Nasdaq (Nasdaq: ^IXIC) are slowly coming off their all-time high, but the collapse of Lehman Brothers has not yet hit the news.

Unbeknownst to most, the perfect financial storm is brewing. Once the storm hits, it is much worse than anyone expected. But, the eventual damage is limited. Why? Because, the government steps up and does what it takes to prevent the financial system from failing.

Today has the feel of early 2008. Another perfect storm may be brewing. Will the government be there to do what it takes to support 'too big to fail?' No! In 2008 financial companies were in trouble. In 2011 entire countries (look at Europe and the U.S.) are struggling to escape the grip of delinquency.

A Decelerating Generation

Starting in 2011, more than 10,000 baby boomers a day will turn 65, a pattern that will continue for the next 19 years. This dry humor cartoon encapsulates the problem retirees' face today:

Two older gentlemen are having a drink. One says: 'As a Baby Boomer, I never thought the boom would be the sound of my retirement accounts collapsing.' He'd like to sip on a nice Scotch while enjoying a steak, but has to settle for water and free bread sticks at Olive Garden.

Most retirees still haven't recovered from the lost decade. Let's make the term lost decade more personal. A 55 year old with $100,000 in his retirement account at the beginning of the year 2000 and a 6% projected rate of return, would have $201,419 today.

The S&P trades 20% below its 2000 level. Courtesy of the lost decade, that $100,000 in the year 2000 has turned into $80,000 today (perhaps less if invested too aggressively). In other words, many retirees may have to get by on less than half of their expected nest egg. In addition, their home, rather than being an asset (many considered it an ATM a few years ago), has turned into a liability.

It doesn't take much imagination to see that strapped retirees are bad for economic growth. When the focus is on survival rather than pleasure, sectors like technology (NYSEArca: XLK - News), retail (NYSEArca: XRT - News), and consumer discretionary (NYSEArca: XLY - News) suffer.

In addition, baby boomers that have been buying stocks for decades (think of all the 401k money) are now turning into sellers of stock.

Low Interest Rates

Low interest rates are great for the U.S. government because it reduces debt payments on Treasuries and businesses wanting to expand. Unfortunately, businesses don't feel like expanding or even hiring and for pretty much everyone else low interest rates are negative.

Some try to sell the idea that low interest rates are good for stocks (NYSEArca: VTI - News) because money will flow from low interest bonds into stocks in an effort to get a better return.

The chart below plots the Nikkei against Japan's version of the discount rate. The discount rate has been below 1% since 1995. At the same time the Nikkei has dropped from above 20,000 to below 10,000. Much of this happened during a raging global bull market. Imagine what a global bear market can do to U.S. stocks.

                    https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20japan%20discount.gif

Low interest rates are a double negative because they reduce available spending for retirees who need to get as much income as possible to survive.

Coming to a Head

The above three bearish trends were highlighted in detail in various 2011 ETF Profit Strategy Newsletters. Due to those, and other mega trends, the Newsletter has been expecting a major market top.

For much of 2011 however, the expectation of a major market top was postponed until the ideal target range was reached. The April 3 ETF Profit Strategy update included a precise range for a major market top: 'In terms of resistance levels, the 1,369 - 1,382 range is a strong candidate for a reversal of potentially historic proportions. '

Why was S&P 1,369 - 1,382 a candidate for a reversal of historic proportions? The chart below, published by the ETF Profit Strategy Newsletter in March and many times since, has the answer.

                   https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20M%20pattern.gif

What you see is a giant M, or head and shoulders top. The right shoulder was made up of the parallel trend channel that connects the 2002 and 2009 low, with the 2000 high. In April/May the upper line of the trend channel ran through 1,377. Additional resistance was provided by Fibonacci levels at 1,389 and 1,369.

On May 2, the S&P briefly spiked as high as 1,370.58 before retreating and eventually dropping 18% in twelve trading days (July 25 - August 9). Once the S&P dropped below the 200-day SMA it entered free fall territory.

The July 28 ETF Profit Strategy update warned that: 'A break below the 200-day SMA and the trend line may trigger panic selling. One way to avoid missing out on a potentially big opportunity is to use the 200-day SMA at 1,284 as delineation between bullish and bearish bets - buy as long as the 200-day SMA serves as support, sell if it becomes resistance.'

From top to bottom (once the bottom is in), the S&P will have fallen more than 250 points. No doubt this kind of move validates a counter trend rally. When and where will this rally start and how high will it go?

The ETF Profit Strategy Newsletter provides a detailed outlook for the remainder of 2011 along with the target for a 2011 bottom and 2011 top. The Newsletter doesn't promise to get every turn of the market right, but it will identify the money-losing gorillas. Just imagine if you sold your holdings at the target range for a major top.’

 

 

Zero Job Growth in August Supports Recession Case ETFguide.com

 

 

Why to Sell When Wall Street Says 'Buy' and Vice Versa ETFguide.com

 

S&P 1,100 And Lower - More Likely Than you Think Simon Maierhofer, On Friday September 9, 2011, ‘The S&P has been chopping around aimlessly for nearly a month. Wednesday ETF Profit Strategy update explained the reason and the outcome as follows:

'The aimless sideways trading and lack of powerful and predominantly one-directional rally suggests that the S&P is stuck in a mild up side correction to be followed by new lows. Range bound trading lulls investors into a false sense of security.'

Here are more than a handful of reasons why new lows are likely.

Up Trend Broken

The chart below shows the Dow Jones Industrials (DJI: ^DJI) since the March 2009 bottom. The DJIA weekly candle low touched the yellow trend line on different occasions before breaking through it on August 2.

The S&P 500 (SNP: ^GSPC) and Nasdaq (Nasdaq: ^IXIC) adhered to a similar but not as pronounced trend line. But the S&P also had a key experience on August 2. The August 2 ETF Profit Strategy Newsletter update observed regarding a head and shoulders top that the: 'S&P is about to break below the neckline around 1,249. A break below this neckline would unlock a measured target of S&P 1,140.'

The fact that both the DJIA and S&P 500 broke through necklines that have held for over two years is less than encouraging.

In addition, the S&P's May 2 high at 1,370 occurred right within the sweet spot of a major market top. The ETF Profit Strategy Newsletter published the chart below on various occasions throughout March, April and May and preached that S&P 1,369 - 1,382 is the ideal target range for a major market top (chart below was featured in the April 5 ETF Profit Strategy update).

                                         https://www.etfguide.com/images/PDNewsletter_Images/5%20-%20April%203%20TF.jpg                           

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 the yellow trend line (this time the trend line was broken).

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. 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. 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 (NYSEArca: VXX - News) against the S&P for the month 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, along with the time frame and target level for an expected turn.

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 (this ascending trend line is now a big target and resistance).

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).'

Short-term Outlook

Wednesday's (September 7) ETF Profit Strategy update advised aggressive investors to short the S&P 500 as soon as it breaks below 1,173. This doesn't mean that stocks can't go higher, but shorting the S&P against major support/resistance (with a tight stop-loss above) is the only conservative way to assure participation in the next leg down…’

 

 

Ominous Bear Flag Pattern Suggests S&P 500 At 1,000  Scott Redler ‘Talk of a possible Greek debt default grew louder as the day wore on Friday, with several euro zone officials commenting that they expect a default over the weekend. Naturally, the markets didn’t respond positively to the news. Combine that with the terror alerts in New York City and Washington, D.C., this weekend for the 10th anniversary of 9/11, and it was a recipe for heavy selling.

The Dow closed off more than 300 points to finish another wildly volatile week, and based on the action and news, we could be headed for another huge Monday morning gap down. However, it was difficult to chase shorts at the end of the day at such oversold levels, because if the Greek default doesn’t come to fruition and there is no major terrorist attack, those short positions would likely be in serious pain.

The news of a possible Greek default, which would be a historic first-time event, overshadowed any individual stock stories today. In isolation, the default of a relatively small Eurozone economy would not be the “end of the world”, but with other, larger Euro economies standing on extremely shaky ground (especially Italy), such an event could trigger a domino effect unlike anything ever witnessed in modern human history.

Conventional wisdom would tell you that gold shot through the roof on a day like this, but whispers about potential margin hikes pushed GLD to a lower open and seemed to keep the metal at bay. Even with the market tanking, GLD had a hard time ticking higher.

Technical Take

If you take a step back and look at the SPY chart on a daily and even weekly time frame, the obvious pattern that jumps out at you is a wide, but well-defined, bear flag. Previously, we noted the well-defined head and shoulders pattern that forecast the deep correction.

The only strategies that have worked, and provided limited risk, over the past month have been buying and selling extreme moves in both directions. Large gap downs on Monday and Tuesday had investors extremely bearish–the most bearish since September 2007–which gave way to a steep short squeeze.

As we’ve seen before, that low-volume bounce/short squeeze was only “transitory”, as Ben Bernanke would put it. The oversold bounce we saw early in the week actually turned out to be a negative event for the bulls, because it allowed the market to work off its severely oversold condition and prime for another plunge.

After such a harsh move lower, which began around the time of the debt ceiling debate and S&P downgrade, it is natural for there to be some indecision in the indices. However, nobody would have expected the range to remain as wide as it has been. Resolution to this pattern will come at one point or another, and based in the in-bound move, there will be a powerful secondary move (more than likely to the downside). The lower end of the channel also lines up with the 200-week Moving Average, which will be another crucial technical level.

The measured move could take the S&P down to the 1,000 range if a worst-case type scenario plays out, which would involve a Greek debt default that triggered a domino effect in Europe that could likely trigger defaults in at least a few other PIIGS (Portugal, Ireland, Italy, Greece, Spain) nations as well.

http://blogs-images.forbes.com/greatspeculations/files/2011/09/SP-bear-flag-1024x675.png

Technically, we are also seeing some clues that tell us that all is not well with Mr. Market. Nearly every sector is currently mired in a bearish technical formation; there are no rays of light. The one area of relative strength early in the week, is starting to look ready to break down as well.

One clue we look to first is high-beta tech. If the market is healthy under the hood, the leading high-beta tech stocks will usually hold up well. We saw some relative strength early in the week from the likes of Apple Inc. (AAPL), Amazon.com Inc. (AMZN) and Baidu.com Inc. (BIDU), but none of them were able to withstand the force of today’s drop. AAPL and BIDU in particular look to be forming wedge continuation patterns, which generally resolve to the downside.

During the formation of the head and shoulders pattern, for example, the Industrials (XLI) and the Homebuilders (XHB) started to break down first, which signaled to us that the rest of the market wasn’t far behind.

When selling is isolated and weak sectors drag the market down, it can be considered a buying opportunity for strong stocks. When selling is more across-the-board, it’s a sign to get of the way.

The measured move of the head and shoulder played out almost to a ‘T’ (as you can see on the chart). Technical patterns aren’t always perfect, but they provide a good roadmap. Another thing you have to understand about technical analysis too is that it is largely a self-fulfilling prophecy. Moves in the market often play out simply because a large group of traders and investors are reacting based on the same set of rules.

Before the break of the head and shoulders, you had the more mainstream media start talking about the ‘scary’ head and shoulders top pattern, which got both Main St. and Wall St. bearish. Now, everyone in the industry is talking about this ominous bear flag pattern, which is likely to make its rounds in the more mainstream media this weekend (along with the news about Greece).

Final Word

While doomsday talk is rampant right now–between a domino effect of European sovereign debt defaults to 9/11 anniversary attacks–as traders we never trade based on assumptions. The traders who are consistent and profitable over the long haul are the ones who, first and foremost, limit their risk. At the end of the day today, for example, there is enormous risk for both longs and shorts.

If Greece does default and/or there is some sort of attack on NYC/DC, the market is sure to open sharply lower on Monday. However, if one or both of those events do not occur, shorts would be in for a massive squeeze. After such a harsh down day like today, it is best to take any profits you may have generated and take a firm seat on the sidelines.

Even if you are not involved in the weekend trade, there will be tremendous opportunity over the next few weeks to take advantage of this historic market volatility. Great opportunity comes with great risk, so be sure to, more than ever, stick to your personal trading rules and don’t make big bets you can’t afford to pay off.’

 

 

Unprecedented Monthly Volume Sell-Off Suggests Now's the Time to Take Shelter at Minyanville Kevin A. Tuttle Sep 12, 2011 ‘Do not concern yourself if the market goes up today, tomorrow, or a month from now. The risk of entering is not worth the reward.

Over the weekend I had the pleasure of speaking with a very prominent European money manager – overseeing hundreds of billions – about the "across-the-pond" financial crisis unwind and looming hazard of a potential domino-effect coming to fruition. Without rehashing the entire conversation, the consensus is not "if," it’s "when" will the developing pressure finally blow. He actually went so far as to say it could truly begin unraveling within the next few weeks considering the catalysts currently in play.

The intent of providing the conversation synopsis is not for sake of fear, but understanding the potential ramifications. About three years ago, in one of my firm's quarterly reports, we opined on a unique situation in regard to the GDP measurements of Global Nations. It stated the unprecedented growth statistics from the 56 nations tracked. “History is currently being made in the sense that all the globally tracked economic growth nations (56), every one… 100%..., are showing expansion.” This lead to my next comment… “If the economic cycle pendulum swings in both directions what would happen if the inverse occurred?” Are 2011/2012 the years we are about to find out? Maybe that’s somewhat extreme, but yet… is it possible?

We at my firm do not pretend to be intelligent enough to figure out all the nuances, catalysts, causes and reasons why the markets could fall apart; we’ll leave it to the team of economists and officials to attempt to sort that out. What we do instead is try to determine when the storm is coming and how to take shelter, which brings me to my point: Now is the time. Take shelter! Do not concern yourself if the market goes up today, tomorrow or a month from now. Clarity is key! Would you sail your boat into rocky waters with a potential hurricane looming because of your love of sailing? Is the risk worth the reward? For some, maybe; but for most, probably not.

http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/jo.jpg 

Since the "2011 Channel of Indecision" broke on August 4, the seas have picked up dramatically and have begun swallowing ships. The markets have never seen this type of monthly volume sell-off – 47% above average (unprecedented), as seen in the monthly chart above. As Kenny Rogers put it so eloquently… “Know when to hold em’ and know when to fold em', know when to walk away, know when to run!”

Editor's Note: Read more at Tuttle Asset Management.’

 

 

What's the Long-Term Outlook for Stocks and The Economy? ETFguide   Simon Maierhofer, September 12, 2011, ‘The stock market's summer performance has been nothing but stunning. Seeing daily swings in excess of 4% has become as common as American fast food in China.

Sometimes it's helpful to step back and shift the focus from day-to-day changes to multi-decade trends. This kind of big picture evaluation shows whether events like this summer's meltdown are just a hiccup or confirmation of a long-term trend (change).

MORE THAN JUST A MULTI-DECADE FLUKE

Gradual changes are often so subtle that they are nearly invisible to the naked eye or novice observer. But, just because a change is gradual doesn't mean it's insignificant.

Let's take a look at the basic make up of the U.S. economy. A few decades ago, sweat-trenched U.S. manufacturing facilities were the most fertile, growth-producing environment on the planet. This growth was fueled by 'Made in America' products. The growth was organic and it was real.

The first red box in the chart below captures this period of powerful organic growth. It lasted from 1947 - 1966. During this period, GDP growth averaged 4.18%.

The second red box captures a period of growth fueled by low interest and financial engineering. During this period - from 1975 - 2000 - GDP growth averaged only 3.4%.

                                     https://www.etfguide.com//contributor/UserFiles/8/Image/Growth%20Periods%20Yahoo.gif

(The above chart was featured in the March 2011 ETF Profit Strategy Newsletter)

The Only Original Dow Component, Not some Hot Tech Stock

General Electric (NYSE: GE - News), a company that prospered during both phases, aptly illustrates the difference between both periods.

Until the late 1960s, GE was known for manufacturing quality, American-made products like refrigerators, washing machines, stoves, light bulbs, and jet engines. GE manufactured real products, provided real jobs, and made real profits.

Starting in the 1980s GE changed its focus from blue collar manufacturing to white collar alchemy. GE ventured into television and high finance. GE's focus shifted from building quality products to financing purchases of competitor products. Ultimately, it went from manufacturing real products to building a financial house of cards.

In August 2000, GE traded as high as $60.5 a share. In 2009 it was as low as $5.73 - a 90% drop. Today, it's hovering around $15. As you ponder this change in valuation, keep in mind that GE is the only original Dow Jones Industrial Average (DJI: ^DJI) component, not some hot today cold tomorrow tech stock.

A NEW TREND IS BORN ... AND KILLED

Financially engineered (artificial) profits appeared to be the best new thing since sliced bread. However, GDP growth since 2000 has dropped dramatically, now only 1.71%. The post-2007 meltdown shows that an economy cannot be built on the financial (NYSEArca: XLF - News) and banking (NYSEArca: KBE - News) sectors.

It also shows that an artificial bull market is much more receptive to huge corrections. We've had the 2000 tech bust (NYSEArca: XLK - News), the 2005 real estate (NYSEArca: IYR - News) debacle, the 2007/2008 deflation of the financial sector, and most recently the summer 2011 meltdown.

If you think financially engineered profits are bad, brace yourself for what lies ahead. The hopes for economic prosperity (perhaps even survival) rest on Facebook, Twitter, Groupon, LinkedIn, Netflix, and the like.

Social networking isn't a proven business model, yet Facebook has an estimated market cap larger than those of Boeing, Home Depot, Walt Disney, Dell, Hewlett Packard, Costco, or even Goldman Sachs.

Hewlett-Packard employs 325,000 people, Home Depot 300,000, Boeing 160,000. However, Facebook cuts pay checks to only about 1,000 lucky employees.  Welcome to the future of high corporate profit margins and even higher unemployment.

Groupon has an estimated value of $6-9 billion, but its recipe of success is to coax businesses into providing discounts of 50 - 90%. Groupon is a classic economic leach that benefits by sucking the profits out of its client base and teaching its subscribers to buy only at discount prices. Welcome to a future of shrinking small business profits.

THE STOCK MARKET AGREES

The big picture fundamental outlook appears less than confidence inspiring. What about the big picture technical outlook?

The chart below (although small in size due to upload limitations) was featured in the March ETF Profit Strategy Newsletter and provides a big picture technical forecast. In fact, it's about as 'big picture' as it gets.

                    https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20M%20pattern.gif  

What you see is a giant bearish M pattern, it could even be considered a head and shoulders pattern. The neckline is formed by the 2002 and 2009 lows.

To determine an upside price target, we drew a parallel channel that connects the 2002 and 2009 lows with the 2000 high. The April 3 ETF Profit Strategy update said the following about this trend channel and other resistance levels:

'For the month of April this trend line will traverse through 1,377. The 78.6% Fibonacci retracement is at 1,381.5. There is a fairly strong Fibonacci projection resistance at 1,369. In terms of resistance levels, the 1,369 - 1,382 range is a strong candidate for a reversal of potentially historic proportions.'

The S&P (SNP: ^GSPC) peaked on May 2 at 1,370.58 and has since lost as much as 269 points or 19%. The Nasdaq (Nasdaq: ^IXIC) has held up slightly better, but no matter how you slice it, the stock market has given up more than a year's worth of gains within a matter of weeks. The VIX (Chicago Options: ^VIX) spiked to the highest level in over a year.

In addition, all major U.S. indexes broke below a trend line that has provided support on nine different occasions since the March 2009 lows.

This doesn't prevent rallies. In fact, based on our research, we should see a sizeable rally soon. However, odds favor that the stock market's trend has changed from up to down…’

 

 

[video] Trader: Waiting for Treasury Bubble to Burst at TheStreet.com

 

Preparing for a Credit Crisis at Minyanville  John Mauldin’ “I am sure the Euro will oblige us to introduce a new set of economic policy instruments. It is politically impossible to propose that now. But some day there will be a crisis and new instruments will be created.”-- Romano Prodi, EU Commission President, December 2001

Prodi and the other leaders who forged the euro … knew a crisis would develop, as Milton Friedman and many others had predicted. They accepted that as the price of European unity. But now the payment is coming due, and it is far larger than they probably thought…

The Consequences of Austerity

The markets are pricing in an almost 100% certainty of a Greek default (OK, actually 91%), and the rumors in trading circles of a default this weekend by Greece are rampant. Bloomberg (and everyone else) reported that Germany is making contingency plans for the default. Of course, Greece has issued three denials today that I can count. I am reminded of that splendid quote from the British ’80s sitcom, Yes, Prime Minister: “Never believe anything until it’s been officially denied.”

Germany is assuming a 50% loss for their banks and insurance companies. Sean Egan (head of very reliable bond-analyst firm Egan-Jones) thinks the ultimate haircut will be closer to 90%. And that is just for Greece. More on the contagion factor below.

“The existence of a ‘Plan B’ underscores German concerns that Greece’s failure to stick to budget-cutting targets threatens European efforts to tame the debt crisis rattling the euro. German lawmakers stepped up their criticism of Greece this week, threatening to withhold aid unless it meets the terms of its austerity package, after an international mission to Athens suspended its report on the country’s progress.

“ ‘Greece is “on a knife’s edge,”’ German Finance Minister Wolfgang Schaeuble told lawmakers at a closed-door meeting in Berlin on Sept. 7, a report in parliament’s bulletin showed yesterday. If the government can’t meet the aid terms, ‘it’s up to Greece to figure out how to get financing without the euro zone’s help,’ he later said in a speech to parliament.

“Schaeuble travelled to a meeting of central bankers and finance ministers from the Group of Seven nations in Marseille, France, today as they face calls to boost growth amid increasing threats from Europe’s debt crisis and a slowing global recovery.” (Bloomberg)


(There is an over/under betting pool in Europe on whether Schaeuble remains as Finance Minister much longer after this weekend’s G-7 meeting, given his clear disagreement with Angela Merkel. I think I take the under. Merkel is tough. Or maybe he decides to play nice. His press doesn’t make him sound like that type, though. They are playing high-level hardball in Germany.)

Anyone reading my letter for the last three years cannot be surprised that Greece will default. It is elementary school arithmetic. The Greek debt-to-GDP is currently at 140%. It will be close to 180% by year’s end (assuming someone gives them the money). The deficit is north of 15%. They simply cannot afford to make the interest payments. True market (not Eurozone-subsidized) interest rates on Greek short-term debt are close to 100%, as I read the press. Their long-term debt simply cannot be refinanced without Eurozone bailouts…

[Quick sidebar: If (when) the US goes into recession [We’re already in a recession!], have you thought about what the result will be? A recession of course means lower GDP, which will mean higher unemployment. That will increase costs due to increased unemployment and other government aid, and of course lower revenues as tax receipts (revenues) go down. Given the projections and path we are currently on, that means even higher deficits than we have now. If President Obama has his plan enacted, and if we go into a recession, we will see record-level deficits. Certainly over $1.5 trillion, and depending on the level of the recession, we could scare $2 trillion. Think the Tea Party will like that? Governments have less control than they think over these things. Ask Greece or any other country in a debt crisis how well they predicted their budgets.]

The Greeks were off by over 25%. And they are being asked to further cut their deficit by 4% or so every year for the next 3-4 years. That guarantees a full-blown depression. And it also means lower revenues and higher deficits, even at the reduced budget levels, which means they get further away from their goal, no matter how fast they run. They are now in a debt death spiral. There is no way out, short of Europe simply bailing them out for nothing, which is not likely.

Europe is going to deal with this Greek crisis. The problem is that this is the beginning of a string of crises and not the end. They do not appear, at least in public, to want to deal with the systemic problem of too much debt in all the peripheral countries…

Euro Breakup – The Consequences

“The Euro Should Not Exist (Like This)

“Under the current structure and with the current membership, the Euro does not work. Either the current structure will have to change, or the current membership will have to change.

“Fiscal Confederation, Not Break-Up

“Our base case with an overwhelming probability is that the Euro moves slowly (and painfully) towards some kind of fiscal integration. The risk case, of break-up, is considerably more costly and close to zero probability. Countries cannot be expelled, but sovereign states could choose to secede. However, popular discussion of the break-up option considerably underestimates the consequences of such a move.

“The Economic Cost (Part 1)

“The cost of a weak country leaving the Euro is significant. Consequences include sovereign default, corporate default, collapse of the banking system and collapse of international trade. There is little prospect of devaluation offering much assistance. We estimate that a weak Euro country leaving the Euro would incur a cost of around €9,500 to €11,500 per person in the exiting country during the first year. That cost would then probably amount to €3,000 to €4,000 per person per year over subsequent years. That equates to a range of 40% to 50% of GDP in the first year.

“The Economic Cost (Part 2)

“Were a stronger country such as Germany to leave the Euro, the consequences would include corporate default, recapitalization of the banking system and collapse of international trade. If Germany were to leave, we believe the cost to be around €6,000 to €8,000 for every German adult and child in the first year, and a range of €3,500 to €4,500 per person per year thereafter. That is the equivalent of 20% to 25% of GDP in the first year. In comparison, the cost of bailing out Greece, Ireland and Portugal entirely in the wake of the default of those countries would be a little over €1,000 per person, in a single hit.

“The Political Cost

“The economic cost is, in many ways, the least of the concerns investors should have about a break-up. Fragmentation of the Euro would incur political costs. Europe’s ‘soft power’ influence internationally would cease (as the concept of ‘Europe’ as an integrated polity becomes meaningless). It is also worth observing that almost no modern fiat currency monetary unions have broken up without some form of authoritarian or military government, or civil war.”

Welcome to the Hotel California

Welcome to the Hotel California
Such a lovely place
Such a lovely face
They livin’ it up at the Hotel California
What a nice surprise, bring your alibis

Last thing I remember, I was running for the door
I had to find the passage back to the place I was before
“Relax,” said the night man, “We are programmed to receive.
You can check out any time you like, but you can never leave!”

-- The Eagles, 1977

You can disagree with the UBS analysis in various particulars, but what it shows is that there is no free lunch. It is not a matter of pain or no pain, but of how much pain and how is it shared. And to make it more difficult, breaking up may cost more than to stay and suffer, for both weak and strong countries. There are no easy choices, no simple answers. Like the Hotel California, you can check in but you can’t leave! There are simply no provisions for doing so, or even for expelling a member.

The costs of leaving for Greece would be horrendous. But then so are the costs of staying. Choose wisely. Quoting again from the UBS report:

“… the only way for a country to leave the EMU in a legal manner is to negotiate an amendment of the treaty that creates an opt-out clause. Having negotiated the right to exit, the Member State could then, and only then, exercise its newly granted right. While this superficially seems a viable exit process, there are in fact some major obstacles.

“Negotiating an exit is likely to take an extended period of time. Bear in mind the exiting country is not negotiating with the Euro area, but with the entire European Union. All of the legislation and treaties governing the Euro are European Union treaties (and, indeed, form the constitution of the European Union). Several of the 27 countries that make up the European Union require referenda to be held on treaty changes, and several others may choose to hold a referendum. While enduring the protracted process of negotiation, which may be vetoed by any single government or electorate, the potential secessionist will experience most or all of the problems we highlight in the next section (bank runs, sovereign default, corporate default, and what may be euphemistically termed ‘civil unrest’).”

Leaving abruptly would result in a lengthy bank holiday and massive lawsuits and require the willingness to simply thumb your nose in the face of any European court, as contracts of all sorts would have to be voided. The Greek government would have to “conveniently” pass a law that would require all Greek businesses to pay back euro contracts in the “new drachma,” giving cover to their businesses, who simply could not find the euros to repay. But then, what about business going forward?

Medical supplies? Food? – The basics? You have to find hard currencies for what you don’t produce in the country. Greece is not energy self-sufficient, importing more than 70% of its energy needs. They have a massive trade deficit, which would almost disappear, as who outside of Greece would want the “new drachma?” Banking? Parts for boats and business equipment? The list goes on and on. Commerce would slump dramatically, transportation would suffer, and unemployment would skyrocket.

If Germany were to leave, its export-driven economy would be hit very hard. It is likely that the “new mark” would appreciate in value, much like the Swiss Franc, making exports from Germany even more costly. Not to mention potential trade barriers and the serious (and probably lengthy) recession that many of their export and remaining Eurozone trade partners would be thrown into. And German banks, which have loaned money in euros, would have depreciating assets and would need massive government support. (Just as they do now!)..

Ray Dalio and his brilliant economics team at Bridgewater have done a series of reports on a plan for Europe. Basically, it involves deciding which institutions must be saved (and at what cost) and letting the rest simply go their own way. If they are bankrupt, then so be it. Use the capital of Europe to save the important institutions (not shareholders or bondholders). Will they do it? Maybe.

The extraordinarily insightful and brilliant John Hussman recently wrote on a similar theme. He is a must-read for me. Quoting:

“The global economy is at a crossroad that demands a decision – whom will our leaders defend? One choice is to defend bondholders – existing owners of mismanaged banks, unserviceable peripheral European debt, and lenders who misallocated capital by reaching for yield and fees by making mortgage loans to anyone with a pulse. Defending bondholders will require forced austerity in government spending of already depressed economies, continued monetary distortions, and the use of public funds to recapitalize poor stewards of capital. It will do nothing for job creation, foreclosure reduction, or economic recovery.

“The alternative is to defend the public by focusing on the reduction of unserviceable debt burdens by restructuring mortgages and peripheral sovereign debt, recognizing that most financial institutions have more than enough shareholder capital and debt to their own bondholders to absorb losses without hurting customers or counterparties – but also recognizing that properly restructuring debt will wipe out many existing holders of mismanaged financials and will require a transfer of ownership and recapitalization by better stewards. That alternative also requires fiscal policy that couples the willingness to accept larger deficits in the near term with significant changes in the trajectory of long-term spending.

“In game theory, there is a concept known as ‘Nash equilibrium’ (following the work of John Nash). The key feature is that the strategy of each player is optimal, given the strategy chosen by the other players. For example, ‘I drive on the right / you drive on the right’ is a Nash equilibrium, and so is ‘I drive on the left / you drive on the left.’ Other choices are fatal.

“Presently, the global economy is in a low-level Nash equilibrium where consumers are reluctant to spend because corporations are reluctant to hire; while corporations are reluctant to hire because consumers are reluctant to spend. Unfortunately, simply offering consumers some tax relief, or trying to create hiring incentives in a vacuum, will not change this equilibrium because it does not address the underlying problem. Consumers are reluctant to spend because they continue to be overburdened by debt, with a significant proportion of mortgages underwater, fiscal policy that leans toward austerity, and monetary policy that distorts financial markets in a way that encourages further misallocation of capital while at the same time starving savers of any interest earnings at all.

“We cannot simply shift to a high-level equilibrium (consumers spend because employers hire, employers hire because consumers spend) until the balance sheet problem is addressed. This requires debt restructuring and mortgage restructuring. While there are certainly strategies (such as property appreciation rights) that can coordinate restructuring without public subsidies, large-scale restructuring will not be painless, and may result in market turbulence and self-serving cries from the financial sector about ‘global financial meltdown.’ But keep in mind that the global equity markets can lose $4-8 trillion of market value during a normal bear market. To believe that bondholders simply cannot be allowed to sustain losses is an absurdity. Debt restructuring is the best remaining option to treat a spreading cancer. Other choices are fatal.”

(Click here for the rest of the article.)

You think the world’s central banks and main institutions are not worried? They are pulling back from bank debt in Europe, as are US money-market funds. (Note: I would check and see what your money-market funds are holding – how much European bank debt and to whom? While they are reportedly reducing their exposure, there is some $1.2 trillion still in euro-area institutions that have PIIGS exposure.)

Look at the following graph from the St. Louis Fed. It is the amount of deposits at the US Fed from foreign official and international accounts, at rates that are next to nothing. It is higher now than in 2008. What do they know that you don’t?

http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/fred1.jpg

The Slow March to Recession in the US..

John Hussman, in the same report, offers the chart below, which is a variant on themes I have highlighted in past issues, but with his own personal twist. It is a combination of four Fed indices and four ISM reports. And it has been reliable as a predictor of recessions – one of which it strongly suggests we are either in or heading into.

http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/fred2.jpg

And recent revisions to economic data suggest that companies are going to have even more trouble making those powerhouse earnings that are being estimated. As Albert Edwards of Societe Generale reports this week:

“… at the start of 2011, productivity trends took a remarkable turn for the worse – especially compared to what was initially reported. An initial estimate that Q1 productivity grew by 1.8% was transformed to show a decline of 0.6%. A slight 0.7% rise in Q1 ULC (unit labor costs) was transformed to show a staggering surge of 4.8%! In addition to that 4.8% rise, ULC rose a further 2.2% in Q2. But the news gets even worse Last week the BLS revised the ULC rise in Q2 up from 2.2% to 3.3% QoQ. US non-farm business unit labor costs are now rising by 2% yoy. That is very bad news for profits. Bad news for equities. And because the pace of ULC is a key driver of inflation (upwards in this instance), it is bad news for an increasingly criticized and divided Fed.”

Preparing for a Credit Crisis

There is so much that could push us into another 2008 Lehman-type credit crisis..

I did an interview with good friends David Galland and Doug Casey of Casey Research yesterday. They are decidedly more bearish than I am, so wanted an “optimist” to sit on their panel. But they forced me to admit that some of my optimism depends on the probability of US political leaders doing the right thing. ..

But whether you want to make it 50-50 to 70-30 or (pick a number), there is a reasonable prospect of another credit crisis. So what should you do?

First, think back to 2008. Were you liquid enough? Did you have enough cash? If not, then think about raising that cash now. When the crisis hits, you have to sell what you can for what you can get, not what you want for reasonable prices …’

 

 

Don't Trust Wall Street and this Market  ETFguide  [ I couldn’t say this better myself! Take heed! My sentiments exactly, except far worse is in store! ] Simon Maierhofer, September 13, 2011, ‘The chicken is clueless about the egg's fate. Will it hatch or become an omelet?

Wall Street is clueless about their forecasts, will they 'hatch' or become egg on their face? Who cares; as long as it sounds good at the time, Wall Street's opinions are promoted by the media. Is this a haphazard approach? Judge for yourself.

The most recent Wall Street blunder was the over emphasis on positive earnings in April. Here are some of the headlines Wall Street and the financial media featured late April 2011:

Morgan Stanley shares rise as earnings beat estimates

Stocks, commodities rise as earnings top estimates

Leading U.S. indicators, consumer confidence gain as fuel costs discounted

World revs up U.S. profits

The Global economy is improving

The S&P breaks out

The Dow's going to 20,000

Sales growth the big surprise on Wall Street

Buffett says odds of another U.S. banking crisis low

Equities finally seeing light on the economy

Stocks find sea of tranquility

Flawed Reasoning

The chart below, featured in the September 2010 ETF Profit Strategy Newsletter, reveals the flawed reasoning behind Wall Street's expectations. It plots Earnings per Share (EPS) against GDP and U-6 unemployment numbers.

                https://www.etfguide.com//contributor/UserFiles/8/Image/EPS%20Growth%20Yahoo.gif

Notice how earnings for Q1, Q2, and Q3 2011 were supposed to reach a new all-time high. There were at least four reasons why record high EPS estimates were not long-term bullish:

1) GDP was contracting, U-6 (and every other measure of unemployment) did not signal a recovery. Every spike in EPS would be temporary and unsustainable.

2) EPS estimates are just a projection and are about as valuable as an un-hatched egg.

3) The last time EPS reached an all-time high was in Q2 2007. We all know what happened thereafter.

4) EPS or P/E ratios can be distorted via financial trickery. Financials (NYSEArca: XLF - News) and banks (NYSEArca: KBE - News) took advantage of this when accounting rule FASB 157 was changed on April 2, 2009. This allowed banks to hide trillions of dollars of unrealized mortgage losses in an accounting loophole that doesn't affect their income statement and earnings. Thus some of banks' losses were included in earnings numbers.

The ETF Profit Strategy Newsletter's conclusion was simple and straight to the point: 'Buying at current prices with the expectation of long-term gains is almost certain to deliver despair and tears.'

Proceed With Caution

P/E ratios or EPS aren't a short-term timing tool and didn't prevent stocks from rallying since the above analysis was featured in the September ETF Profit Strategy Newsletter.

Nevertheless, a major market top was expected. The April 3 ETF Profit Strategy update put it succinctly this way: 'In terms of resistance levels, the 1,369 - 1,382 range is a strong candidate for a reversal of potentially historic proportions. Bullish bets should be watched very carefully, especially once stocks move above 1,356.'

The Summer 2011 meltdown erased all gains going back as far as December 2009. Yes, over 18 months of gains were eliminated within a matter of weeks.

Financial Serial Offender

If Wall Street was subject to the 'three strikes you're out' rule, there wouldn't be any financial offices in New York. By now it's common knowledge that Wall Street was overly optimistic in 2007 - right before the financial collapse - and overly pessimistic at the March 2009 lows - the beginning of a 100% + rally for the major indexes a la S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI) and Nasdaq (Nasdaq: ^IXIC).

More recent financial offenses include Wall Street's ill-advised fascination with silver in late April. On April 27 the Wall Street Journal ran a front-page article entitled 'Silver rush spreads to stock market.' The commentary read as follows: 'The metals are increasingly considered attractive as a permanent store of value that doesn't diminish like paper currencies.'…’

 

 

Congress budget agency warns panel of economic ills

 

Nearly 1 in 6 Americans in poverty, Census says

 

Growth Stocks Look Pricey. Favor Free Cash Firms with glowing growth projections have gotten expensive.

 

Cisco cuts long-term sales growth forecast [ And just when I was about to say that american technology is horrific, overrated but leading the charge higher on wall street because ‘sell the sizzle’ works better with tech since most don’t understand it. Actually, american tech at most is ‘different color hula hoops’! ]

 

International alarm over euro zone crisis grows

 

Why Can't Wall Street Be Honest With The Public?at Forbes [ Let’s not be naïve here … If the public knew even half of the truth, they’d be seeking to ‘hang wall street from the yardarms’, ‘drawn and quartered they would be’, etc.. Yes, ‘hung, drawn and quartered’. If caught while yachting on their yachts on taxpayer dime, they’d be ‘keelhauled’. There is really no limit to the well placed, well deserved antipathy for the frauds on wall street who should be prosecuted, jailed, fined, and disgorgement imposed. ]  

 

Venture capital veteran Perkins sees danger ahead

 

These Wall Street Firms are About to Start Firing People Like Crazy By Business Insider September 04 2011 ( archived file )

 

Same Alan Greenspan Who Warned Against Budget Surplus Now Warns About Deficit  [ Yeah! One of the many symptoms of senile dementia, with a strong measure of incompetence to boot (greenspun has a long history of incompetent missteps which through self-promotion, quid pro quos, and a general ubiquity of pervasive ignorance, has gone unscrutinized and unreported. He’s really been that bad!) ]  Mark Gongloff

 


ETF Redemptions Highest Since 2008: Report ETF Trends 

 

 

Stock Market Secret Word of the Day Is 'Delusion' at The Wall Street Journal  Paul Vigna  ‘Once again, markets are eagerly swallowing the soothing words of European leaders, just as they have swallowed the soothing words of Chinese officials, Tim Geithner, etc., etc.

The Dow is up about 190 points, the S&P is up 1.8%, and the Nasdaq is up 2%, after the Conference Call to Save the Universe ended with all sides agreeing that Greece should never leave the eurozone and was doing what it could to get its next bailout fix.

Peter Boockvar at Miller Tabak is not impressed:

Bottom line, Greece is likely going to get its next 8 billion-euro tranche in 2 weeks but apparently Merkel, Sarkozy and Papandreou still don’t like paying attention to the bond market, where the 1 year [note]  in Greece is yielding 141.8%, the 2 year is yielding 74.5% and the 10 year is yielding 25.7%.

This says of course that the only lifeline the Greek government has is thru the generosity of its neighbors as they have almost zero chance of paying back in full all that is owed.

I mentioned Merkel being in fantasyland yesterday and delusion is the word today that comes to mind after seeing these Greek headlines.

One would think at this point that Greece would want a more pronounced debt restructuring in order to slash their debt instead of playing this game of pretend because they’re afraid to hurt the feelings of bondholders.’



Zoellick: World economy in new danger zone 

 

Geithner: Economy In “An Early Stage” Of Crisis Sep 14th, 2011 08:47 by News  (RealClearPolitics) — Jim Cramer, CNBC host: “Now let’s talk about the fact that you said the economy is weak. You put out a jobs plan. The New York Times today basically gives its obituary. ‘Tax plan for jobs bill.’ Familiar ring. Meaning the GOP will not back this. Is this dead on arrival?”

Tim Geithner, U.S. Secretary of Treasury: “Absolutely not. I think that there’s no reason now for the Congress of the United States not to act to help strengthen growth in the near term. It’s the conservative, prudent, responsible thing to do. You can think of it as protection against Europe.”

Cramer: “Okay.”

Geithner: “You can think of it as insurance against weaker growth going forward. And you got to think about the alternatives. If Congress or Washington is incapable of acting, then policy will be damaging to growth because what you’ll have is a deeper, steeper contraction in fiscal support than is prudent for an economy at this early stage of the crisis given the shocks we face. You know, life is about choices. Life is about alternatives.” [source] PG View: While this may be a significant admission on the part of the Treasury Secretary; in reality this may be the early stage of a crisis within the broader well-established crisis.’

 

Risk Rises at ECB as European Banks Lose Deposits Sep 14th, 2011 07:43 by News (Bloomberg)

 

S&P Rally to 1,240 Before Capitulation Zacks Kevin Cook,September 14, 2011, ‘Fear has not gripped the market. The VIX, a good proxy for the institutional perception of risk since it is based on the premium being paid for S&P 500 put protection, has not made new highs since early August…’ 

 

Moody’s cuts two French banks’ ratings Sep 14th, 2011 07:39 by News (Financial Times)

 

EU warned of credit crunch threat, French banks hit WROCLAW,Poland/PARIS (Reuters) - European finance ministers have been warned confidentially of the danger of a renewed credit crunch as a "systemic" crisis in euro zone sovereign debt spills...

 

Can the U.S. Sidestep Contagion with Europe? ETFguide  [ Short answer: NO! ] ‘… SINKING INCOME LEVELS Even without Europe's problems, the U.S.' reputation for being the land of milk and honey has been declining. Household income, according to the Census Bureau's annual report on living standards, fell for the third consecutive year and on an inflation adjusted basis, incomes have retreated back to levels seen 15-years ago. Median household income was at a mere $49,445 in 2010. Full-time workers also experienced sagging incomes, which are lower today than in 1978, after adjusting for inflation. Furthermore, the poverty rate for Americans increased to 15.1% of the population. Will Europe's crisis help the U.S. economy end a multi-decade trend of falling incomes and rising poverty? STILL BLIND TO RECESSION What do economists have to say about all of this? As a collective group, economists still deny the existence of an economic recession and their off-the-mark financial projections show it. Instead of taking a sober and realistic view of the economy, they see growth, growth and more growth. Economists with the National Association for Business Economics (NABE) predicted 2.8% expansion for the U.S. economy in May, but have since scaled back that forecast to 1.7%. For 2012, the group is projecting 2.3% growth. The NABE has been likewise wrong about the unemployment rate. They were projecting a jobless rate of 8.7% for the remainder of 2011 and 8.2% for next year. Instead, nationwide unemployment has remained above 9% and if we account for marginally attached workers along with unemployed self-employed workers the actual national jobless rate is probably closer to 20%. It's important to remember the NABE's survey was completed before the White House's unveiling of a $447 billion plan to stimulate job growth through (more) government spending and tax cuts. No doubt, once economists factor in the President's latest plan, they'll re-revise their economic forecasts bullishly upward to agree with their perennial growth bias…’

 

 

Minyanville's T3 Daily Recap: Market Squeeze Continues, But Was it a Trap?  By T3Live.com Sep 14, 2011, ‘After a quick rinse in the first hour of trading Wednesday, the squeeze was back on as the SPDR S&P 500 ETF (SPY) surged 4 points (3.4%) from low to high. Weak shorts were forced to cover, and it was off the races for stocks. But just when it seemed all was well with the market, a harsh pull-in during the last half-hour of trading erased nearly half of those gains. We have seen this type of behavior before during this wide range consolidation in the market, and it typically leads to further downside. A teleconference between German, Greek, and French leaders today resulted in assurances that Greece would remain part of the Eurozone, but the same problems still exist on the troubled continent. There is a crisis of confidence starting occuring among European banks, with account holders keen to protect themselves from calamity. This is exacerbating previous capitalization concerns, which were confirmed this morning when French banks were downgraded. Today's action could have been another clever ploy to suck in longs while relieving some of the oversold condition of the market. Risk is high in both directions in this environment, and, as we have stated repeatedly over the last two weeks, it's best to keep your trading light at this stage.’

 

Flat retail sales keeps U.S. on recession watch 

 

Another Absolutely Bonkers Day  Mark Gongloff ‘Still spinning? Well, folks, that was the stock market. Hope you enjoyed it. Just another quiet, totally normal day. Yep, just another day when the Dow loses 140 points in the last 20 minutes of trading, after soaring as high as 280 for pretty much no fundamental reason.Still, you can’t complain about it too much. All the good stuff led the market higher today. The S&P’s 1.4% gain was paced by healthy cyclical stuff like industrials, up 1.75%, consumer discretionary, up 1.65% and tech, up 1.6%.The Dow transports jumped 2%. The VIX gave up 6.3%.All good signs, but you can’t shake the nagging feeling that it can’t be realistic, given how absolutely nuts the action has been lately. The Treasury market held pretty much steady, with the 10-year note yielding 2% just about all day.Nobody’s comfortable right now — shorts have got to be worried, and many got squeezed today.Those of us who are long, meanwhile, are anxiously checking whether our top has stopped spinning yet.’

 

Europe's Outlook Darkens as French Banks Wobble and Austria Delays Greek Bailout at Minyanville

 

The Daily Market Report  Sep 14th, 2011 by NewsIf There Was Any Doubt… (USAGOLD) — ‘The yield on Greek 1-year money is trading in excess of 140% today; up dramatically from just a week ago when the 1-year yield was still below 100%. Clearly this is unsustainable and Greece is unquestionably on the verge of default, save for some massive infusion of funds that will negate Greece’s need to access global credit markets…’



Huge Surge in Bank of America Foreclosures CNBC | Bank of America is ramping up its foreclosure processing.



David Rosenberg: “It’s Time To Start Calling This For What It Is: A Modern Day Depression” Zero Hedge | You know you’re in a depression when interest rates go to zero and there is no revival in credit-sensitive spending. September 14, 2011

By now only the cream of the naive, Kool-Aid intoxicated crop believes that the US is not in either a deep recession, or, realistically, depression. For anyone who may still be on the fence, here is David Rosenberg’s latest letter which will seal any doubts for good. It will also make it clear what the fair value of the stock market is assuming QE3 fails, which it will, and the market reverts to trading to fair value as predicated by bond spreads. To wit: “If the Treasury market is correct in its implicit assumption of a renewed contraction in the economy, then we could well be talking about corporate earnings being closer to $75 in 2011 as opposed to the current consensus view of over $110. In other words, we may wake up to find out a year from now that whoever was buying the market today under an illusion of a forward multiple of 10x was actually buying the market with a 15x multiple.” And since we are in the throes of a deep depression and a 10x multiple is more than generous, applying that to $75 in S&P earnings, means that the fair value of the S&P is… we’ll leave that to our readers.

From Breakfast with Rosie, of Gluskin Sheff

We just came off the weakest recovery on record despite the massive amounts of stimulus that the U.S. government has delivered in so many ways. That the yield on the 10-year U.S. Treasury note is down to 2% already speaks volumes because the last time we were at these levels was back in December 2008 when the downturn was already 12 months old. A period like the one we have endured over the past six months when bank shares are down 30% and the 10- year note yield is down 130 basis points has never in the past foreshadowed anything very good coming down the pike. If market rates are at Japanese levels, or at 1930s levels, then it’s time to start calling this for what it is: A modern day depression.

Look, that entire period from 1929-1941 saw several quarters of huge bungee-jump style GDP growth and countless tradable rallies in the stock market.

But that misses the point.

The point being that a depression, put simply, is a very long period of economic malaise and when the economy fails to respond in any meaningful or lasting way to government stimulus programs. A series of rolling recessions and modest recoveries over a multi-year period of general economic stagnation as the excesses from the prior asset and credit bubble are completely wrung out of the system. In baseball parlance, we are in the third inning of this current debt deleveraging ball game.

You know you’re in a depression when interest rates go to zero and there is no revival in credit-sensitive spending.

The economy is in a depression when the banks are sitting on nearly $2 trillion of cash and yet there is no lending going onto the private sector. It’s otherwise known as a ‘liquidity trap’.

Depressions usually are caused by a bursting of an asset bubble and a contraction in credit, whereas plain-vanilla recessions are typically caused by inflation and excessive manufacturing inventories. You tell me which fits the bill today.

When almost half of the ranks of the unemployed have been looking for a job fruitlessly for at least six months, you know you are in something much deeper than a garden-variety recession. True, we can’t see the soup lines; the soup lines are in the mail — 99 weeks of unemployment cheques for over 10 million jobless Americans. Don’t be lulled into the view that we are into anything remotely close to a normal economic cycle.

Basically, in a depression, secular changes take place. Attitudes towards debt, discretionary spending and homeownership are altered for many years, or at least until the scars from the traumatic experience with defaults and delinquencies fade away. That is why we saw existing home sales slide to 15- year lows and new home sales to record lows despite the fact that mortgage rates have tumbled to their lowest levels in modern history. There is no economic model that would tell you that declining mortgage rates should lead to lower home sales.

More fundamentally, in a recession, the economy is revived by government stimulus. In depressions, the economy is sustained by government stimulus. There is a very big difference between these two states.

In a recession, everything would be back to a new high nearly three years after the initial contraction in the economy. This time around, everything from organic personal income to employment to real GDP to home prices to corporate earnings to outstanding bank credit are still all below, to varying degrees, the levels prevailing in December 2007.

Let’s be clear: After all the monetary, fiscal and bailout stimulus, the economy should be roaring ahead, as would be the case if the economy were coming out of a normal garden-variety recession. The fact that there has been no sustained response to all these efforts by the government to turn things around is testament to the view that this is not actually a traditional recession at all, but something closely resembling a depression. That, my friends, is exactly what the bond market is signaling, with Treasury yields rapidly approaching Japanese levels. Just because the stock market embarked on a stimulus-led speculative two-year rally, which ended abruptly in April 2011— does not change that fact.

For all the chatter about whether the recession that started in December 2007 ended in mid-2009, here is what you should know about the historical record. The 1930s depression was not marked by declining quarterly GDP data every single quarter. In fact, the technical recessionary aspect to the initial period following the asset and credit shock goes from the third quarter of 1929 to the first quarter of 1933.

I can understand how emotional the debate can get over whether or not we have actually just stumbled along some post-recession recovery path or whether or not this is actually a depression in the sense of a downward trend in economic activity merely punctuated with noise that is influenced by recurring rounds of government intervention. The reality is that the Fed cut the funds rate to zero, as was the case in Japan, to little avail. Then the Fed tripled the size of its balance sheet— again with little sustained impetus to a broken financial system. Government deficits of nearly 10% relative to GDP, or double what FDR ever ran during the 1930s, have obviously fallen flat in terms of providing any lasting impact to the economy.

This is going to sound like a broken record but it took a decade of parabolic credit growth to get the U.S. economy into this deleveraging mess and there is clearly no painless “quick fix” towards bringing household debt into historical realignment with the level of assets and income to support the prevailing level of liabilities. We are talking about $5 trillion of excess debt that has to be extinguished either by paying it down or by walking away from it (or having it socialized). Look, we can understand the need to be optimistic, but it is essential that we recognize the type of market and economic backdrop we are in.

The markets are telling us something valuable when (after a period of unprecedented government bailouts, incursions and stimulus programs) the yield on the 5-year note is south of 1% and the 10-year is down to 2%. Instead of contemplating over how attractively priced equities must be in this environment, market strategists and commentators would bring a lot more to the table if they tried to decipher what the macro message is from this price action in the Treasury market. Conducting stock market valuation analysis based on unrealistic consensus earnings assumptions does nobody any good, especially when these estimates are in the process of being cut, and at a time when the Treasury market is telling us we are the precipice of another recession.

If the Treasury market is correct in its implicit assumption of a renewed contraction in the economy, then we could well be talking about corporate earnings being closer to $75 in 2011 as opposed to the current consensus view of over $110. In other words, we may wake up to find out a year from now that whoever was buying the market today under an illusion of a forward multiple of 10x was actually buying the market with a 15x multiple.

How’s that for a reality check?

This augers for capital preservation, defensive orientation in the equity market and a focus on income-yielding securities; something we’ve been advocating for some time.’

 


 

How American Taxpayers Could End Up Paying for ECB Liquidity Flood at The Wall Street Journal 

 

Company Analysts Hop On Bandwagon Of Gloom  [ Yes! This is in contradistinction to the ‘funny money’ bandwagon of irrational exuberance that has swept up nations worldwide who have now joined the ranks of the fraudulent american manipulated markets of ‘non-value’ asset / security pricing which will end quite badly as always! ] 

 

 

How Greece Is Mocking the Rest of the World  [ Well, let’s get real here! There’s plenty to mock in this world, and Greece is hardly the nation to be doing the mocking. I think it’s the markets that are mocking the rest of the world’s stupidity for buying into this false reality / obfuscation / fraud, particularly by way of the now pervasive worldwide acceptance of the american strategy of currency debasement which really is a fraud facilitator because it masks to all but the intelligent few the underlying economic weakness and decline. A simplistic example, though not perfect, is apropos here: a company sells a product for 1 dollar which costs 1 dollar to make (assuming arguendo to cover fixed expenses - no profit). The fed over-printing / creating dollars like mad to the point where it now takes 2 dollars to render the same purchasing power of  1 dollar when the goods were produced. The company sells the products for 2 dollars (the previous equivalent of 1 dollar before debasement). The company is now showing earnings 1 dollar per unit sold, yet in real terms, they’ve gotten no more than the equivalent of that 1 dollar per unit. (If you’ve been to the grocery store lately, particularly the last 1-2 months, I’ve found meats, etc., to be up 50-100%, etc.). The same obfuscating manipulations are applicable to assets generally, and to those pieces of paper called stocks which are even ‘worse for the wear’ since churn-and-earn commissions at lightning computerized speed are being subtracted from this illusory ‘enhanced value’ which in reality doesn’t exist at all. ( Such manipulations from currency translation also provide ‘arbitrage opportunities’ though similarly largely ultimately subtracted from no real value being created. ) This is why fraudulent wall street loves the fed’s QE’s and dollar debasement / over-printing / creating and also why it’s been a dismal failure and a net negative in real economic terms as seen on main street and in the desimation of the middle class and growing ranks of the poor. In the analysis of securities, this would be considered ‘the quality of earnings factor’ that goes into the assignment of a p/e multiple to the projected earnings. Sufficeth to say, this is no longer done on wall street in any real or legitimate fashion if at all. Indeed, it’s a fair statement to say that security analysis is no longer a ‘practice’ as same was considered, once upon a time, by value investors / analysts. As set forth by Dave and Cooper, infra, computerized programmed manipulation at lightning speed has been expedient in the short run for the wall street frauds but ultimately leads to the inevitable crash since as I often reiterate:  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’. What to Expect Next From the Markets Minyanville  Jeffrey Cooper ‘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, Amazon, Baidu, IBM, and Caterpillar,  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..’.      Simon Maierhofer, On Friday September 16, 2011, ‘Webster's dictionary defines gullible as naive and easily duped or cheated'.

On Thursday stocks rallied after Germany and France gave assurance that Greece will remain a member of the euro.

Haven't we been down this road before? How often have there been statements assuring that Greece is fine or will be fine? An Associated Press article stated this week that: 'Hopes were raised by the outcome of a teleconference Wednesday between leaders of France, Germany and Greece.'

Hope worked as propaganda tool for President Obama three years ago, but hope is not a suitable investment strategy. Einstein's famous definition of insanity comes to mind: Insanity is doing the same thing over and over again and expecting different results.

Since the beginning of 2010 there have been five 10%+ sell offs. All of them, with the exception of the March 2011 decline (Japan earthquake), were blamed on Greece. When stocks recovered, it was credited to Greece's rigorous adherence to the demanded austerity measures or new bailout money.

The S&P has made no net progress since January 2010. After two years of water treading and lessons in Greek-style financial mockery we have to ask, is Wall Street insane?

Greece's Prime Minister George Papandreou just pledged that a reform program would be on the top of Thursday's (yesterday) Greek cabinet meeting. To buy stocks based on a pledge to push a concern that was initially sold as non-issue but has morphed into a matter of survival on the top of an agenda does seem insane.

Or should we just consider the Greeks geniuses? After all, they have figured out how to control Wall Street. Today it only takes mythical Grecian hope for a hopefully hopeful outcome to excite Wall Street.

A German saying may describe Greece's situation. Loosely translated, it goes like this: Once your reputation is ruined, you may live blatantly uninhibited.

Insane Financial Pain

The Greek saga began over two years ago, when, on June 23, 2009, Greece's finance minister nonchalantly disclosed that: '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.

Growth obviously didn't return in 2010, but the following headlines all offered hope in 2010:

ECB member says no bailouts for Greece

Bulls run on Greece news

Debtors bet Greece won't spill

Is Greece's crisis over?

Greece contagion fears unfounded

IMF approved $3.3 billion for Greece amid impressive fiscal adjustment

If Greece's adjustment was that impressive, why are we still talking about Greece?

Small Fish in the Debt Pond

Greece has made quite a splash but it is just a small fish in the European debt pond. Given some more time, we'll probably find out that bigger fish make bigger splashes. Next in line are Portugal, Spain, Italy and France. In terms of size, this is probably like comparing a goldfish with a tuna.

The Wall Street Journal reported on Monday that: 'European banks are cutting back on dollar denominated loans, a troublesome sign of credit contraction at a time when American and European economies can least afford it.' Credit contraction is the mother of deflation and Bernanke's most feared enemy.

The Chairman of Societe Generale, one of France's largest banks, made it a point to state on Monday that the bank was well funded. Nevertheless, it will be reducing its dollar denominated debt and lay off workers. When promises conflict actions, we know that actions speak louder than words. Laying off workers is not confidence inspiring.

Back in February, the ETF Profit Strategy Newsletter warned that: 'The debt problem of sovereign European countries has or is about to turn into a debt problem of super sovereign entities. The IMF and EU swallowing up massive amounts of debt has not eliminated debt, it has merely re- shuffled and concentrated it.'

On July 15, I stated via ETF Profit Strategy Newsletter: 'I know European stocks will tank eventually but I don't know when. However, I see that the iShares MSCI EAFA ETF (NYSEArca: EFA - News) just sliced below it's 20, 50 and 200-day simple moving averages (SMAs). The same is true for the iShares MSCI Emerging Markets ETF (NYSEArca: EEM - News). The high reward, low risk trade would be to go short EFA or EEM with a stop loss just above the 200-day SMA Corresponding ETFs are Short MSCI EAFE ProShares (NYSEArca: EFZ - News) and Short MSCI Emerging Markets ProShares (NYSEArca: EUM - News).

What's Next?

Fortunately the European Union can rely on the smarts of its many capable members. There is former IMF chief Dominique Strauss-Kahn who'd rather force his will on an innocent Manhattan hotel worker than enforce strict financial rules on member countries, Luxembourg's Prime Minister Jean-Claude Juncker who openly confesses to lying if required by circumstances and a whole slew of officials suffering from gullibility. You should think twice before betting against the European financial dream team.

As for me, I rely on technicals, not on officials, their decisions or the media's interpretation of it. The technicals I focus on are those of the S&P (SNP: ^GSPC). Not surprisingly, European stocks have generally moved in the same direction as the S&P.

The S&P and the SPDR Euro STOXX 50 ETF (NYSEArca: FEZ - News) both topped on May 2. The S&P's top came right on queue and within the 1,369 - 1,382 target range of a major market top I've outlined via the ETF Profit Strategy Newsletter since early 2011.

Unlike the S&P, FEZ sunk to new lows on September 12. On that day FEZ was 38% below its May 2 high. Some more near-term damage may be to come for European stocks, but after a 38% haircut is not the time to double up on short positions.

As far as the S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI) and Nasdaq (Nasdaq: ^IXIC) is concerned, new lows are likely…’

 

Citi Cuts S&P 500 Target, Too at The Wall Street Journal

 

Lesson From A Burst Bubble: Dead Men Don't Spend at Forbes ‘The Lehman bankruptcy was a much more important event than 9/11. It marked the end of a 60-year credit expansion. Maybe it marked the high water mark for the U.S. empire, too, and the beginning of the end for the U.S. dollar-based world monetary system.

What’s most remarkable about this post-Lehman economy is that it is so un-remarkable. The economy is contracting, and as it contracts, it squeezes jobs, incomes, spending and prices.

We saw a note in the press yesterday. It told us that even the wages of sin are falling. The union that represents waiters and cocktail servers at Atlantic City casinos says the hourly base has fallen from $8.74 to only $4.50. And tips are tumbling. Surveys of prostitutes show their earnings are a bit limp, too.

And as people get squeezed by the financial correction, they gasp for breath. There are now 46.2 million people in America under the poverty line, according to The Los Angeles Times. That’s the most in 50 years.

But nothing extraordinary about that either. This is the biggest correction in half a century too. And you don’t have to look very far to find more confirmation.

That’s why the 10-year Treasury note yield has fallen to the lowest level since right after WWII, and it’s why nearly half the people looking for a job have been looking for more than six months. And it’s why a recent poll shows that 72% of Americans think the nation is going to hell.

Now, finally, almost everyone realizes that this is not a recession-recovery situation. Something else is going on. The Financial Times calls it a Great Recession. Richard Koo calls it a “Balance Sheet Recession.” And David Rosenberg says we should call it what it really is — a “modern depression.”

But we’ll stick with our Great Correction label. Because we think there is more going on here than even a ‘depression’ describes. (About which…more below…).

So far, practically everything that has happened is about what you’d expect — the predictable, ordinary consequences of a contraction. There is nothing remarkable about it.

But what’s this? The Dow is back on the rise. Stock market investors don’t seem to have gotten the message: this economy is in a contraction. They’re still pricing stocks as if they thought the underlying businesses would grow. But companies don’t add sales or profits in a contraction.

At least gold investors seem to have a better idea of what is going on. They sold the yellow metal.  The price of the GLD is dropping.

And the bond market too has its feet on the ground. The yield on the 10-year note is only 2.08%. That is a level consistent with a Japanese-style slump…

No surprises here. But what if there were more going on than a simple financial correction…even a correction of a 60-year credit expansion? What if the Great Correction were greater than we thought? More ambitious, more aggressive and more dangerous?

In the space of the last 500 years the human population grew approximately 1000%. If it were a financial chart, you’d look at it and think — ‘uh oh…it’s a bubble.’

What if we were approaching a correction?

Reuters reports that the population of Japan is falling like a stone. Some 20 million Japanese are expected to disappear in the next 30 years.

Declining, graying populations are not what you need for economic growth. Old people don’t spend much. Dead people spend even less.

As a result, the economy shrivels up like a 90-year-old. In Japan today about the only business still growing is the funeral business. People spend $157 to rent cold rooms, where they can store their loved ones while they await a spot at the crematorium. No kidding. Here’s Reuters:

Annual deaths are expected to peak at 1.66 million in 2040 as the bulk of the nation’s baby boomer generation expires. By then, Japan’s population will have shrunk by around 20 million people, an unprecedented die off for a nation neither at war or blighted by famine.

Dead Men Don’t Spend by Bill Bonner originally appeared in the Daily Reckoning. ‘

 

 

ETFs have potential to become the next toxic scandal Sep 19th, 2011 News (The Telegraph) — Back in April, the Financial Stability Board (FSB), an international super-regulator, wrote a prescient if less than catchily-titled paper “Potential financial stability issues arising from recent trends in Exchange Traded Funds (ETFs)”.Its central warning – that ETFs are not the cheap and transparent vehicles the marketers would have us believe – was spot on. When UBS’s $2bn black hole hit the screens on Thursday, no one who read the FSB report was surprised to see the words ETF and rogue trader in the same sentence…around half of the ETFs in Europe today do not match the index they are designed to track by holding all of its constituent shares. Unlike the plain vanilla “full replication” ETFs which do, 45pc of the market is in the form of so-called “swap-based” ETFs which instead use derivative agreements, often with investment banks, to simulate the performance of the underlying assets. Derivative trades add a second layer of uncertainty to the unavoidable ups and downs of the market, the counterparty risk that the organisation on the other side of the contract might go bust. Even worse, the provider of the ETF might sometimes be a part of the same organisation as the derivatives desk carrying out the swap…For reasons which I’m not sure I could explain even if I had the space, it is possible for the number of shares sold short in an ETF to massively exceed the actual number of shares available. [source]

 

 

4 'Invisible' Forces to Seal the Market's Fate ETFguide Simon Maierhofer, On Monday September 19, 2011, ‘In 2004, Daniel Simons of the University of Illinois and Christopher Chabris of Harvard University conducted an experiment that was as simple as it was fascinating.

If you want to be part of the experiment, watch this video before you read any further.

The Experiment

There are two groups of three people each. One group is wearing black shirts, the other group white shirts. The assignment is to watch how many times the players wearing white, pass the basketball.

If you counted 15, you are correct. But more importantly, did you notice the gorilla? While you were counting passes, a woman dressed in a gorilla suit walked slowly across the scene, stopped to face the camera and thumped her chest.

Half of the people watching the video with the intent of counting passes did not see the gorilla. The experiment illustrates the phenomenon of unintentional blindness. This condition, also known as perceptual blindness, prevents people from perceiving things that are in plain sight.

For most of 2010-11 Wall Street was so enamored by the magical powers of QE2 that it forgot about the 800-pound gorilla - the economy that wasn't improving. In fact, the economy continued deteriorating in plain sight.

There are five bearish mega trends that may draw stock prices much lower over the coming years. Here are the five mega trends (and what will make stocks rally in between).

U.S. Deficit

For a moment, take a mental journey with me back in time. We are now in early 2008. The major indexes a la S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI), and Nasdaq (Nasdaq: ^IXIC) are slowly coming off their all-time high and the VIX (Chicago Options: ^VIX) is reflecting some complacency before the collapse of Lehman Brothers hits the news.

Unbeknownst to most, the perfect financial storm is brewing. Once the storm hits, it is much worse than anyone expected. But, the eventual damage is limited. Why? Because, the government steps up and does what it takes to prevent the financial system from failing.

Today has the feel of early 2008. Another perfect storm may be brewing. Will the government be there to do what it takes to support 'too big to fail?' No! In 2008 financial companies were in trouble. In 2011 entire countries (look at Europe and the U.S.) are struggling to escape the grip of delinquency.

A Decelerating Generation

Starting in 2011, more than 10,000 baby boomers a day will turn 65, a pattern that will continue for the next 19 years. This dry humor cartoon encapsulates the problem retirees' face today:

Two older gentlemen are having a drink. One says: 'As a Baby Boomer, I never thought the boom would be the sound of my retirement accounts collapsing.' He'd like to sip on a nice Scotch while enjoying a steak, but has to settle for water and free bread sticks at Olive Garden.

Most retirees still haven't recovered from the lost decade. Let's make the term lost decade more personal. A 55 year old with $100,000 in his retirement account at the beginning of the year 2000 and a 6% projected rate of return, would have $201,419 today.

The S&P trades 20% below its 2000 level. Courtesy of the lost decade, that $100,000 in the year 2000 has turned into $80,000 today (perhaps less if invested too aggressively). In other words, many retirees may have to get by on less than half of their expected nest egg. In addition, their home, rather than being an asset (many considered it an ATM a few years ago), has turned into a liability.

It doesn't take much imagination to see that strapped retirees are bad for economic growth. When the focus is on survival rather than pleasure, sectors like technology (NYSEArca: XLK - News), retail (NYSEArca: XRT - News), and consumer discretionary (NYSEArca: XLY - News) suffer.

In addition, baby boomers that have been buying stocks for decades (think of all the 401k money) are now turning into sellers of stock.

Low Interest Rates

Low interest rates are great for the U.S. government because it reduces debt payments on Treasuries and businesses wanting to expand. Unfortunately, businesses don't feel like expanding or even hiring and for pretty much everyone else low interest rates are negative.

Some try to sell the idea that low interest rates are good for stocks (NYSEArca: VTI - News) because money will flow from low interest bonds into stocks in an effort to get a better return.

The chart below plots the Nikkei against Japan's version of the discount rate. The discount rate has been below 1% since 1995. At the same time the Nikkei has dropped from above 20,000 to below 10,000. Much of this happened during a raging global bull market. Imagine what a global bear market can do to U.S. stocks.

                   https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20japan%20discount.gif  

Low interest rates are a double negative because they reduce available spending for retirees who need to get as much income as possible to survive.

Coming to a Head

The above three bearish trends were highlighted in detail in various 2011 ETF Profit Strategy Newsletters. Due to those, and other mega trends, the Newsletter has been expecting a major market top.

For much of 2011 however, the expectation of a major market top was postponed until the ideal target range was reached. The April 3 ETF Profit Strategy update included a precise range for a major market top: 'In terms of resistance levels, the 1,369 - 1,382 range is a strong candidate for a reversal of potentially historic proportions. '

Why was S&P 1,369 - 1,382 a candidate for a reversal of historic proportions? The chart below, published by the ETF Profit Strategy Newsletter in March and many times since, has the answer.

                   https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20M%20pattern.gif

What you see is a giant M, or head and shoulders top. The right shoulder was made up of the parallel trend channel that connects the 2002 and 2009 low, with the 2000 high. In April/May the upper line of the trend channel ran through 1,377. Additional resistance was provided by Fibonacci levels at 1,389 and 1,369.

On May 2, the S&P briefly spiked as high as 1,370.58 before retreating and eventually dropping 18% in twelve trading days (July 25 - August 9). Once the S&P dropped below the 200-day SMA it entered free fall territory…’

 

 

Stock-ECRI Disconnect Suggests More Downside at The Wall Street Journal  Oddly Cheery Greek Pronouncements, Part Deux at The Wall Street Journal     Greek Finance Ministry Sends Oddly Cheery E-Mail at The Wall Street Journal  Apple Hits New High (Update1) [ This manipulated programmed trade to froth markets is a crash in the making – sell at these ridiculous levels / take profits! ]  Stocks cut losses on hopes for Greece     Analysis: Japan's lost decade still a risk for U.S. economy    Behind the poverty numbers: real lives, real pain   Market Havoc and Threats to Your Pension International Forecaster | We have warned over and over again that government was going to come after your private retirement funds.  US taxpayers could be on hook for Europe bailout MSNBC | The U.S. is coming to Europe’s financial rescue.

 

 

IMF downgrades outlook for US and Europe economies [Sep 20, 2011] ... Fund has sharply downgraded its outlook for the U.S. economy through 2012 ...  http://finance.yahoo.com/news/IMF-downgrades-outlook-for-US-apf-1240337037.html?x=0



Market Recap: S&P Downgrades Italy, Housing Starts Tumble, Markets Wait on Bernanke   Wall St Cheat Sheet  September 20, 2011, Markets closed mixed on Wall Street today: Dow +0.07% , S&P -0.17% , Nasdaq -0.86% , Oil +1.39% , Gold +1.65% .

On the commodities front, Oil climbed to $86.89 a barrel. Precious metals also climbed, with Gold rising to $1,808.30 an ounce while Silver climbed 1.95% to $39.93 an ounce.

Hot Feature: European Central Banks Are Hungry for Gold

Today’s markets were mixed because:

1) Italy. Standard & Poor’s cut Italy’s credit rating late Monday by one level to A from A+, citing weak economic growth and criticizing Rome’s response to the debt crisis. Italian Prime Minister Silvio Berlusconi responded, saying that the move was influenced by “political considerations” and media stories rather than economic reality. Markets quickly shrugged off the news, with major indices in Italy, Germany, and London all opening higher this morning.

2) Bernanke. Goldman Sachs provided a preview of what investors could see tomorrow from the Federal Reserve, saying there is a “high probability that the FOMC will announce further easing steps at the conclusion of this week’s meeting.” Goldman went on to say that Operation Twist looks “very likely” and that, “As a complementary measure, we also expect that the committee will announce a cut in the interest on excess reserves (IOER) rate to 0.1% from 0.25%, although this is a much closer call. An IOER cut would lower market interest rates a small amount and could aid communication.” The expectation of good news buoyed markets despite a day full of negative or at least neutral economic data, and had the major indices climbing high in mid-day, though they’ve since declined toward more reasonable levels, given that the IMF announced today that it had lowered its global economic forecast for 2011 and 2012, with growth in Europe and the U.S. stalling.

3) Housing. Both housing starts and completions declined in August from already depressed numbers, according to a monthly report by the Department of Urban Housing and Development, in conjunction with the U.S. Census Bureau. However, building permits increased last month, which means more projects are likely to start within the next six months. The news had building stocks climbing higher, including Toll Brothers , D.R. Horton , KB Home , PulteGroup , Hovnanian Enterprises , and The Ryland Group all outperforming the major indices.

BONUS: IMF Downgrades Global Economic Outlook

 

30 Signs That The U.S. Economy Is About To Go Into The Toilet The Economic Collapse | If you think the U.S. economy is bad now, just wait for a few months.

 

Signs The Perfect Economic Storm Is Coming | www.bullfax.com  http://www.bullfax.com/?q=node-signs-perfect-economic-storm-coming  09/22/2011 By Michael T. Snyder: ‘The financial world is officially going crazy. Can you believe what is going on out there right now? Financial markets have been jumping up and down like crazy for months and this is creating a lot of fear. Other than during the financial crisis of 2008, in the post-World War II era have we ever experienced as much financial instability as we are seeing right now? Should we just accept that massive financial instability is going to be part of "the new normal" in the financial world? The wild swings that we are witnessing in the global financial marketplace are making a whole lot of people very nervous right at the moment. When markets go up, they tend to do it slowly and steadily. When markets go down, a lot of times it can happen very rapidly. Also, as I have mentioned before, more major stock market crashes happen during…The following is from an article that was recently posted on MarketWatch....

The insiders have vanished.

Chief executives. Board members. The head honchos. The people who know. Just a few weeks ago, they were out in force, buying up shares in their own companies with both hands. No longer. They’ve disappeared. Almost overnight. “They’ve stopped buying,” says Charles Biderman, the chief executive of stock market research firm TrimTabs, which tracks the data.

For some reason, this almost always starts happening before a crash. So obviously this is not a good sign.

A lot of normal investors have been pulling large amounts of money out of stocks as well. The following is from a report in the Financial Post....

Investors have pulled more money from U.S. equity funds since the end of April than in the five months after the collapse of Lehman Brothers Holdings Inc., adding to the $2.1 trillion rout in American stocks.

About $75 billion was withdrawn from funds that focus on shares during the past four months, according to data compiled by Bloomberg from the Investment Company Institute, a Washington-based trade group, and EPFR Global, a research firm in Cambridge, Massachusetts. Outflows totaled $72.8 billion from October 2008 through February 2009, following Lehman’s bankruptcy, the data show.

Are you starting to get the picture?

Not only that, but a third very troubling sign is that an extraordinary number of bets have been placed against the S&P 500. As I noted the other day, if there is a stock market crash in the next few weeks, somebody is going to make a ton of money....

We are seeing an amazing number of bets against the S&P 500 right now. According to CNN, the number of bets against the S&P 500 rose to the highest level in a year last month. But that was nothing compared to what we are seeing for October. The number of bets against the S&P 500 for the month of October is absolutely astounding. Somebody is going to make a monstrous amount of money if there is a stock market crash next month.

It doesn't take a genius to see all the dark financial clouds that are gathering on the horizon.

And all of the bad news that is constantly coming out of Europe is certainly not helping things. For example, yesterday S&P slashed the credit ratings of seven different Italian banks.

Credit downgrades have become so frequent that we hardly even notice them anymore. Pessimism is everywhere right now. Suddenly it seems like almost everyone is predicting that another "recession" is coming....

 

Portfolio Insights by Brett Arends Sept. 21, 2011 Brett Arends, MarketWatch BOSTON (MarketWatch) — ‘Something ominous is happening on Wall Street, but nobody has noticed. The insiders have vanished. Chief executives. Board members. The head honchos. The people who know. Just a few weeks ago, they were out in force, buying up shares in their own companies with both hands. No longer. They’ve disappeared. Almost overnight. “They’ve stopped buying,” says Charles Biderman, the chief executive of stock market research firm TrimTabs, which tracks the data. “Insiders aren’t buying this rally.” Insider stock purchases, which surged above $100 million a day in the market slump last month, have now collapsed to just $13 million a day. Meanwhile the ratio of insider sales to purchases has skyrocketed. Today insiders are dumping $7 in stock for each $1 that (other) insiders are buying. That’s a worrying ratio. Six weeks ago the amounts of purchases and sales were about equal. It’s the kind of news that should give investors pause. What insiders do with their own money is one of the stock market’s best barometers. After all, who better than company executives know their own order books? Who knows the conditions in their industry better? You find insiders typically buying heavily at the market lows — they did in 1987, in 1998, and they did during the financial crisis in 2008-9. (You also typically find them cashing out big-time at the peak). ‘

 

MARKETS DESTROYED AROUND THE WORLD: Here's What You Need To KnowBusiness Insider

 

The Real Reason Behind the Market's Meltdown  Simon Maierhofer, On Thursday September 22, 2011, 11:01 pm

Was it just bad timing or did the Fed cause this two-day market meltdown?

Since Bernanke spoke yesterday the S&P (SNP: ^GSPC) lost as much as 80 points, nearly 7%. The Dow Jones (DJI: ^DJI) shed about 700 points, the Nasdaq (Nasdaq: ^IXIC) 150 points and the financial sector (NYSEArca: XLF - News) tumbled 7.7%. The VIX (Chicago Options: ^VIX) soared over 25%.

No doubt the Fed seems to have lost the touch that made QE2 a temporary 'success' (if success is measured exclusively by stock prices).

Bad Timing

But quite frankly, the timing of 'Operation Twist' was just plain bad. The market's fate was sealed even before Bernanke stepped on stage. Already back in August the ETF Profit Strategy Newsletter highlighted seven reasons why new lows are likely between September 6 and September 28.

In a special pre-FOMC announcement update on Tuesday night, the Newsletter confirmed its bearish outlook and recommended to short the S&P as soon as it breaks below 1,191. Why 1,191? Because it was important support composed of this week's pivot, Fibonacci support, the 20-day moving average and Monday's low.

Here are six reasons why new lows were likely and where and why stocks will bounce.

A Major M-Pattern (or Head-and Shoulders) Top

Since early 2011 the ETF Profit Strategy Newsletter has been expecting a major market top. The chart below shows a bearish multi-decade M-pattern (or sloppy head-and shoulders). The key question was were the right side of the 'M' would end.

The chart below was featured in an April 5 update along with the following commentary: 'In terms of resistance levels, the 1,369 - 1,382 range is a strong candidate for a reversal of potentially historic proportions.'

                                     https://www.etfguide.com//contributor/UserFiles/8/Image/5%20-%20April%203%20TF.jpg

RSI Divergence

There is one striking similarity between the October/November 2008, March 2009 and May/June/July 2010 lows. In all three cases the S&P reached an initial price low accompanied by an RSI (relative strength indicator) low. However, a more lasting low was not reached until the S&P recorded a new price low against higher RSI reading.

In other words there had to be a divergence between the S&P and RSI. The S&P and RSI both recorded their initial low on August 9. Now we are waiting for a new S&P low while RSI stays above its August 9 reading.

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. 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. 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 month 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 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 Newsletter update includes a detailed analysis of the VIX pattern, along with the time frame and target level for an expected turn.

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. A deeper analysis of this chart parallel also suggests new lows.

The Outlook

The market's performance over the last couple of days has validated the studies above. We are now waiting for new lows…’

 

 

Market Recap: China Falters, Banks Exposed, and Fed Causes Market to Plummet Wall St. Cheat Sheet, September 22, 2011, Hot Feature: U.S. Home Prices Down 3.3%Today’s markets were down because:1) Fed. Markets plummeted today following dire remarks on the economy from the Federal Reserve. The news of slowing growth also pushed most commodities lower, including oil, gold, and silver, while only Treasuries moved higher as investors sought one of the few safe havens left. The Fed’s announcement of Operation Twist yesterday failed to instill much confidence in the economy, and few think the measures will be enough to reverse the economic downswing over the last few months. After all the anticipation leading up to the Fed’s decision, investors were left with the understanding that not even the Fed has the power to turn this thing around. 2) China. Through all the economic turmoil that has engulfed the globe over the last few years, China has been the one shining beacon of progress and growth. However, despite the fact that China’s economy is still on track to grow 8.5% to 9% this year, its manufacturing sector has been contracting for the last three months now, according to HSBC’s manufacturing PMI. There was a lot of concern over China because heretofore it’s been the one pocket of unstoppable strength in the global economy,” said Paul Larson, chief equity strategist at Morningstar. “If that stops and China becomes a drag on worldwide growth, it could have big implications here in the U.S.” News that China might not be as infallible as once though had a host of popular Chinese stocks plummeting today, including shares of Sohu.com , Youku.com , RenRen , Sina Corp. , and Baidu.com , which fell nearly 11% today.3) Banks. After Moody’s downgraded some of the nation’s top banks yesterday, investors are growing worried about the financial industry’s exposure to the sovereign debt crisis in Europe. Not only were Bank of America , Wells Fargo , and Citigroup continuing to slide today after Moody’s downgraded them, citing the unlikelihood that the government will step in should the financial sector find itself in a similar situation to that of 2008, but the entire sector fell on concerns that Moody’s was right. Barclays , JPMorgan , Goldman Sachs , and Morgan Stanley were all heavy drags on the markets today. European banks were trading sharply lower for the same reason, with France’s SocGen and Credit Agricole falling 9.5% each, while Deutsche Bank and Credit Suisse also underperformed the markets. BONUS: Jobless Claims Continue in the Wrong Direction



Federal Reserve's Twist of Fate Forecasts a Waterfall Into Early Octoberat MinyanvilleEurope debt crisis, dire economic reports cause Dow plunge Sep 22nd, 2011 News (HousingWire) Live Blog: Market Meltdownat The Wall Street JournalEU officials expect Greece to default but stay in eurozone London Telegraph | There is a growing consensus among EU diplomats and officials that Greece will default while remaining inside the eurozone.Depressed As A Nation? 80 Percent Of Americans Believe That We Are In A Recession Right Now The Economic Collapse | According to a brand new Gallup poll, 80 percent of Americans believe that we are in a recession right now. Soros: US Is Already in Double-Dip Recession CNBC.com | Soros said he believed the United States was already experiencing the pain of a double dip recession.



Stocks: Don't Get All Comfortable Just Yet at The Wall Street Journal Brendan Conway ‘Just as investors are coming out of their bunkers, S&P chartist Mark Arbeter says that the stock market is “breaking down” in “what could be a very nasty prelude to the fourth quarter.”He adds that “we do not think it will be long before the August lows get taken out.”The technician predicts that the S&P 500 will break through support at 1,110-1,120 to “eventually” meet its next support level around 1,020, or another 11% below Friday’s levels.“It appears that the next wave down has begun in earnest, and we recommend extreme caution at this point,” he says.’

 

 

Fed vs Market - Will Selling Pressure Overpower Operation Twist?   Simon Maierhofer, September 23, 2011, The Fed just unleashed a $400 billion package to boost the economy. To say the market didn't react favorably would be an understatement.

The Financial Select Sector SPDR (NYSEArca: XLF - News) greeted the program with an 8% haircut. The S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI) and Nasdaq (Nasdaq: ^IXIC) fell 4-6%. On the bright side, the yield of the 10-Year T-Note dropped another 0.242%, from one all-time low to the next.

Will 'Operation Twist' buoy stocks or will the market overpower the Fed's half-hearted effort? Believe it or not, but after some more suffering, I believe the Fed will eventually reap some (temporary) credit for this stick save (more about that in a moment).

Bernanke Must be Surprised

In his February 9, 2011 speech before the U.S. House of Representatives, Ben Bernanke was quick to take credit for the results of QE2: 'Since then (the onset of QE2), equity prices have risen significantly, volatility in the equity market has fallen. All of these developments are what one would expect to see when monetary policy becomes more accommodative.'

On February 9, the S&P closed at 1,320, the VIX (Chicago Options: ^VIX) at 15.87. Today the S&P is 13% lower while the VIX has soared a stunning 160%. Bernanke's credibility has tumbled somewhere between 13 and 160%.

Contrary to Bernanke's upbeat outlook, the ETF Profit Strategy Newsletter published the following chart just a week after Bernanke's comfy cozy assessment of QE2 and the stock market's reaction.

                       https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20M%20pattern.gif

The chart shows a giant bearish head-and shoulders or M-pattern. At the time, the Newsletter projected a market top at 1,382 - 1,385. The April 4 ETF Profit Strategy update refined the target range: 'In terms of resistance levels, the 1,369 - 1,382 range is a strong candidate for a reversal of potentially historic proportions.'

Sleep in the Bed You Made

Operation Twist - the Fed's latest concoction - became necessary because QE2 didn't stick. Banks (NYSEArca: KBE - News) graciously accepted the generous $600 billion donation, but despite the huge cash infusion, the Banking Index today trades 22% below its November 3, 2010 prices,  when QE2 was launched.

Will Operation Twist be More 'Successful' than QE2?

QE2 created $600 billion out of thin air while Operation Twist merely changes the maturities of the Fed's existing balance sheet.

Over the next nine months the Fed will sell $400 billion worth of short-term (3 years or less) Treasuries and use the proceeds to buy maturities ranging from 6 - 30 years. Maturing mortgage-backed securities (MBS) will be re-investing in MBS, not in Treasuries.

If you are wondering how this approach of transferring money from the left to the right pant pockets makes a difference, you've already found the reason for the post FOMC-announcement meltdown.

Wall Street considered the proposal half-hearted and the stated goal of lowering long-term interests unnecessary, especially considering that the yield on the 10-Year T-Note is already at a multi-decade low.

Range bound Trading with a Purpose

From July 21 - August 8 the S&P lost nearly 250 points. Nevertheless, the August 8 TF made clear that there will be another low and stated that: 'One of the conditions for a market bottom is lower lows against improving breadth. Breadth was horrible today and no lasting low was reached. What generally tends to happen within a major sell off is a period of time where stocks take a breather followed by the final leg down. This final leg sports lower prices but improving breadth.'

Support at 1,121 held and the S&P was due for a 'breather period.' The back and forth of the recent weeks qualifies as just that. It also shows that there's a method behind the market's madness.

Range bound trading lulls investors into a false sense of security and makes traders gun shy before pulling the proverbial rug out from underneath them.

In a special Tuesday's pre-FOMC decision update, the ETF Profit Strategy Newsletter pointed out that the down side risk remains much bigger than the up side potential and that the direction for XLF is down as long as it doesn't move above the 20-day SMA at 12.70 and last week's high at 13.04.

Connoisseurs of technical analysis will find the following chart of interest. The update brought out that percentR (a measure of relative strength) moved above 80 for the first time since late July. The chart below (featured in Tuesday's update) showed what happened the last two times percentR moved above 80 - stocks dropped.

                                             https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20-%20spx%209%2020%2011.gif  

The actionable recommendation given was for aggressive investors to go short with a break below 1,191. Selling accelerated as soon as the S&P broke through the support at 1,191 and didn't stop until the S&P reached support at 1,121.

There were seven other reasons why I expected new lows (see August 14 and 21 update for a concise summary), one of them is seasonality. August, September, October is a bearish time of year, even during Presidential election years…’



Are We Japan Yet? No! But Closer!

 

More Pain Is Coming To Equities  http://regator.com/p/253227580/more_pain_is_coming_to_equities   By Penguin Capital Markets: ‘Run! That's what equity markets are screaming right now, and I have to agree. While markets have already dropped in reaction to the poor FOMC announcement, we've only scratched the surface of what could be another free-fall in stocks. The already significant drop in copper is a leading indicator that the recession. Look how the metal has just recently lost all its price momentum as of August.’

 

[video] Preservation of Capital Is (and should be, since much worse to come, the primary) Priorityat TheStreet.com

 

Taken to Task: ‘Free Market’ Champions Go Begging for Bailouts (Reprise)The Daily Ticker Aaron Task ‘Financial markets tumbled this week amid disappointment the Fed didn't do more and general disgust with the lack of action from European policymakers.

Which brings us to another installment of Taken to Task.

For all the talk about how traders love the free market and believe in the principles of unfettered capitalism, the folks on Wall Street can't seem to get enough of government bailouts.

After Ben Bernanke pledged to spend $400 billion on Operation Twist this week, I heard many more complaints about how the Fed didn't do ENOUGH vs. any chatter about how they've gone too far, are out of bullets and pushing on a string. That's so "first-half of 2011" before the stock market turned south, that is. (See: Fed Action Fails To Boost Animal Spirits: "Marginally Helpful," Says Former Fed Governor)

It seems the bold champions of free markets on Wall Street only like laissez faire capitalism when the markets are RISING.

This weekend, traders are hoping for some plan — ANY plan — to deal with Greece, whether it comes from the ECB, the IMF, the World Bank, Poseidon or Zeus. But nobody seems to be wishing to just let the chips fall where they may. Haircuts for bondholders? Write-downs for banks? Egads! The pain must be avoided at all costs! (See: Apocalypse Now? Markets Tumble as Europe Approaches "Tipping Point")

Of course, a generation of traders has been conditioned to believe the Fed — or some other institution — will come riding to their rescue if things get really dicey, or even just a little bit uncomfortable. So we can't blame them for taking on too much unhedged risk and (not-so) secretly hoping for yet another bailout, can we?

Just like there are no atheists in foxholes, the really are no libertarians on Wall Street. The only ideology traders believe in is making money and if that means more government intervention, bring it on! Someday, maybe, we'll get back to something approaching a free market. But if such a thing ever really existed, it was a long time ago in a galaxy far, far away.’

 

China Slowdown Pushes Chinese Internet Stocks and VIEs Off a CliffWall St. Cheat Sheet 


Moody's downgrades 8 Greek banks ATHENS, Greece (AP)



European and US Economies Teetering on Weak Policy, Leadership at Minyanville Kerr Sep 23, 2011 ‘Keeping up with today's financial and economic news is akin to watching a typical reality TV spot.’

 

Global economy pushed to the brink Sep 23rd, 2011 News (Financial Times) — Time is running out to find a solution to the eurozone crisis and prevent another global recession, finance ministers warned on Friday, as they hinted that discussions were under way to boost the firepower of European rescue funds.Financial markets experienced another day of intense volatility as investors struggled to interpret an emergency statement from the Group of 20 leading economies, which met on the sidelines of the International Monetary Fund and World Bank meetings in Washington.…Gold continued to slide sharply and US oil prices traded below $80 a barrel, their lowest in more than a year. Shares rallied modestly in Europe and the US, accompanied by selling in government bonds and the dollar.[ http://www.ft.com/intl/cms/s/0/9bedaa82-e603-11e0-960c-00144feabdc0.html#axzz1YUm6X1iD  ]

 

CME raises margins for gold, silver, copper Sep 23rd, 2011 News  (MarketWatch) — The CME Group CME +0.00% , the parent company of the New York Mercantile Exchange, on Friday raised margin requirements for some gold, silver and copper futures contracts. Margins are money investors must put up to be able to trade and hold futures contracts. Initial requirements for gold’s benchmark contract rose 21% to $11,475 per contract, from $9,450 and maintenance margins climbed to $8,500 from $7,000 per contract. Initial requirements for silver’s benchmark contract rose 16% to $24,975 per contract, from $21,600 and maintenance margins climbed to $18,500 from $16,000 per contract.[source]PG View: It is likely that expectations of this margin hike factored into today’s sell-off.

Gold Plunges More Than $100 as Investors Sell Sep 23rd, 2011 News (Bloomberg) — Gold fell, capping the biggest two- day plunge since 1983, on investor sales following routs in global equity and commodity markets.More than $3.4 trillion has been erased from equity values this week, sending a global measure of shares into a bear market, on concern that governments are running out of tools to avert a recession. The Standard & Poor’s GSCI Index of 24 commodities fell to a nine-month low today. Gold has dropped 15 percent since reaching a record $1,923.70 an ounce on Sept. 6.“Gold has become the source of liquidity for global margin calls,” said Michael A. Gayed, the chief investment strategist at Pension Partners LLC. “Also, deflationary pressures are acting on gold.” PG View: We’ve seen very strong physical buying interest on this retreat. Savvy investors know from experience that deleveraging breaks provide buying opportunity. The dollar and bonds may be up for now, but most realize that they aren’t the true safe-havens that they once were, and such allocations are therefore unlikely to prove sticky.

Dow Sinks 6.4% for Week Sep 23rd, 2011 News (Wall Street Journal) — Fears of a possible Greek default and the U.S economy dipping back into recession pushed the Dow Jones Industrial Average to its worst weekly decline since the depths of the financial crisis.Stocks edged slightly higher on Friday, as a pledge from global officials to maintain financial stability alleviated some investor anxiety. The slim gains, however, failed to overshadow the market’s poor weekly performance.The Dow edged up 37.65 points, or 0.4%, to 10771.48. But the index, which plunged 675 points on Wednesday and Thursday, finished the week down 6.4%, its worst performance since the week ended Oct. 10, 2008. [source]

 

G20 vows support for the global economy Sep 23rd, 2011 News (Financial Times) — The Group of 20 leading economies pledged a “strong and co-ordinated” effort to stabilise the global economy in an attempt to calm tumbling equities markets spooked by fears of recession in the eurozone and a gloomy economic outlook in the US.Bowing to pressure from investors to take action, finance ministers from the G20 economies said in a communiqué issued late on Thursday that they would stop the European debt crisis from deluging banks and financial markets, and take the necessary steps to bolster the eurozone’s rescue fund and assist banks to boost capital reserves in line with new global regulations. The statement followed a day in which the equity markets suffered some of the biggest falls since the collapse of Lehman Brothers in 2008, as investors rushed to safety in a widespread sell-off.“We commit to take all necessary actions to preserve the stability of banking systems and financial markets as required,” the group said in a statement. “We will ensure that banks are adequately capitalised and have sufficient access to funding to deal with current risks and that they fully implement Basel III along the agreed timelines.”[source]

 

Dollar gains driven by flight to safety Sep 23rd, 2011 News (Financial Times) — Risk aversion in equity and commodities markets drove the dollar higher this week as hopes for economic recovery were dealt another blow by the Federal Reserve’s latest assessment of US growth.The dollar climbed across the board on Thursday as investors sought safety and global equity markets tumbled with other risk assets, including industrial metals and oil. The latest catalyst for investors to flee for cover was the Fed’s statement on Wednesday that there were now “significant downside risks to the economic outlook”.[source]PG View: Should more accurately say “perceived” or “relative” safety.

 

Gold trades under $1,700, loses 4% Sep 23rd, 2011 News (MarketWatch) — Gold futures slid below $1,700 an ounce on Friday, losing more than 4% as turmoil in global financial markets continued and investors rushed to sell metals positions to raise cash. [source]

 

New York Fed re-monetized $0.930 billion in Treasury coupons in today’s QE2.5 operation. Sep 23rd, 2011 News

Morning Snapshot Sep 23rd, 2011 News (USAGOLD) — Gold extended sharply lower in overseas trading, pushing below the $1700 level for the first time in 7-weeks, as the global asset rout continues. The dollar remains well bid, trading near 7-month highs, bolstered by flight out of stocks and out of the euro.The G20 vowed “strong and co-ordinated” support in their communiqué late yesterday, saying “We commit to take all necessary actions to preserve the stability of banking systems and financial markets as required.” However, the absence of specifics did little to reassure markets. The market now looks to weekend IMF and World Bank meetings for guidance.Meanwhile, Congress is embroiled in yet another partisan battle, this time centered on a continuing spending resolution. The Republican controlled House passed a spending bill yesterday, but the Democrat controlled Senate has vowed to shoot it down. Failure to pass a resolution could result in a government shut-down next week. This is exactly the kind of behavior that promoted S&P to downgrade the US.

• France business confidence falls to 99 in Sep, below market expectations, vs 105 in Aug; production outlook tumbles to -29.
• Italy retail sales (sa) -0.1% m/m in Jul, below market expectations of +0.2%, vs negative revised -0.3% in Jun; -2.4% y/y.’

 


Investors Lose Faith in Stocks LAURICELLA ‘European nations, flirting with recession, can't agree on how to climb out from under their pile of debt. The U.S. is careening toward a budget fight that threatens to shut down the government. China's mammoth economy may be downshifting. And across the financial markets, a sea change is taking place. Investors are abandoning the time-tested "stocks for the long run" optimism that dominated since the late 1980s. Instead, there is a widening belief that the mess left behind by the housing bubble and financial crisis will be a morass to contend with for years. In a historic retreat, investors world-wide ...’



Don't Call It (Much of) A Comeback at The Wall Street Journal John Shipman ‘US stocks rebounded in a vigorous rally that comes after the market’s worst week in almost three years.It would be disingenuous to suggest these gains were fueled by any real tangible progress on the European debt mess; multiple sharp spikes higher during the day suggest a combination of short covering, end-of-month portfolio window dressing and dead-dog bounce…’

 

 

End of Quarter Price Mark-Ups; Dave’s Daily   http://www.thestreet.com/story/11260606/1/end-of-quarter-price-mark-ups-daves-daily.html  Dave Fry  9-27-11 ‘All you need do is view the last week of June 2011, the previous quarter end, and you'll note a similar quarter end jam-job. That week featured little bullish news to account for that market rise. And, this week all we have is "hope" and some elegant press releases which amount to nothing without specific action. Most of the so-called "euro zone fix" seems "iffy" and not clearly articulated beyond the "we must do something" mandate. Germans are particularly obstinate over their share of the burden. They have a parliamentary vote on the issue on Thursday. Chancellor Merkel's coalition may be falling apart. Greeks don't like hardly any of the sacrifices they need to make and social unrest is a given. I'll just repeat what was noted in yesterday's commentary: "DeMark weekly 9 "buy to close short positions" littered the European equity and U.S. bond landscape. With global equity correlations over 95% and these indicators being reliable, we saw immediate rallies. If bulls can continue this rally throughout the week fees for portfolio managers will be less negatively affected.  Sure it's cynical to say but it's also illegal to do. Who's gonna stop 'em? …’ [ Isn’t that the point! Nobody’s stopped them nor prosecuted them for their nation-destroying frauds in the trillions; not the dirty handed and compromised / complicit SEC nor DOJ, nor wobama despite false promises to the contrary, etc.. ]

 

 

Split opens over Greek bail-out terms Sep 27th, 2011 15:37  News (Financial Times) — A split has opened in the eurozone over the terms of Greece’s second €109bn bail-out with as many as seven of the bloc’s 17 members arguing for private creditors to swallow a bigger writedown on their Greek bond holdings, according to senior European officials.The divisions have emerged amid mounting concerns that Athens’ funding needs are much bigger than estimated just two months ago. They threaten to unpick a painfully negotiated deal reached with private sector bond holders in July.…Because of the recent economic downturn and Greece’s slow implementation of austerity measures, officials estimate Athens’ funding needs over the next three years have grown beyond the €172bn forecast this summer.[source]

PG View: Missed numbers out of Greece? Say it isn’t so. How far beyond €172 bln are we talking here? Does any number they give have any meaning? The funding needs when the last deal was cut back 0n 21-Jul where €109 bln, since then Greece’s needs have exploded about 60%…or more! No sane investor would throw more money into this sinkhole of unknowns.

 

SHILLER: House Prices Probably Won’t Hit Bottom For Years Sep 27th, 2011  News (BusinessInsider) — The July numbers for the most widely followed measure of house prices, the S&P/Case-Shiller Index, were released this morning.The numbers weren’t terrible–on a seasonally adjusted basis, July was basically the same as June–but one of the creators of the index, Professor Robert Shiller of Yale University, isn’t taking much solace in them.The economy has deteriorated significantly since July, Professor Shiller observes, and he suspects that the housing market has followed suit.[source]

Roubini: U.S. in Throes of Economic Contraction Sep 27th, 2011 News (Bloomberg) — Most advanced economies are lapsing back into recession while the U.S. is already in the throes of an economic contraction, according to Nouriel Roubini, co- founder and chairman of Roubini Global Economics LLC.“The way I see the global economy, I think we’re entering into a recession again in most advanced economies,” Roubini said in a panel discussion today at the Bloomberg Dealmakers Summit in New York. “I think we’re already into one in the U.S. based on the hard and soft data — same with most of the euro zone, same with the United Kingdom.” [source]

 

 

Mark Hulbert, MarketWatch CHAPEL HILL, N.C. (MarketWatch) [ Of course Mr. Hulbert is correct in pointing out the folly of what’s causing the meltdown. Indeed, he might even borrow from the homespun wisdom of the mama of that stellar investigatigative reporter, formerly of SNL fame, Rosanne Rosanna Dana, who reminds us ‘ It’s always somethin’ ‘ . Indeed, Rosanne; it is always somethin’… just not the somethin’ that the frauds on wall street et als say it is. The fact is the markets are grossly over-valued courtesy of a myriad of fraudulent tools; from computer-prgrammed high-frequency trade churn-and-earn scams, to ever more worthless funny money, to blatant misrepresentation / fudged numbers, etc.. Will you be left holding their worthless bag of hot potatoes? Will you be their fool … again … in this suckers’ market? ]  — ‘Greece ate my homework. Not only that, if you believe the financial headlines, Greece is responsible for almost every financial ill that has beset the investment arena over the last 18 months. I say it’s time the headline writers came up with a new story to “explain” what’s happening to the stock market.

Consider last week, for example, when investors’ concern about a possible Greek default supposedly caused the Dow Jones Industrial Average DJIA +1.33%   to lose 738 points and the combined market capitalizations of all publicly traded stocks in the U.S. to lose $865 billion.
How could Greece have been the cause of that, when Greece’s total sovereign debt (counting both government debt and from the country’s monetary authorities) amounts to $393 billion, according to the International Monetary Fund? It doesn’t make sense, even if Greece’s debt were completely owed to U.S. banks — which it most definitely is not.

Blaming Greece makes even less sense when we focus on more than just the last week. Since the stock market high this spring, for example, U.S. stocks have lost approximately $2.5 trillion in market cap. Once again, the prime suspect is concern over Europe’s debt situation.

Yet the $2.5 trillion loss is more than twice the total debt (from both the government and the monetary authorities) of Greece, Spain and Portugal combined — the three PIIGS countries considered to be most in danger of default.

Why, then, do so many investment commentators persist in telling the story that Europe’s debt situation is to blame? Because it’s a convenient and easy explanation to fall back upon, especially in the face of a market that is otherwise acting so inscrutably.

How many of us have the guts to say that we don’t really know why the market went up or down? Rather than admitting that, we instead tell stories — akin to Rudyard Kipling’s “Just So” stories, such as the one about how the leopard got his spots.

Blaming Greece is only the latest example of this. My perennial favorite is the oft-used explanation that the market went up (or down) on a given day because there were more buyers than sellers (or more sellers than buyers). This is just intellectual laziness, of course: During any trading session there are always the same number of buyers and sellers.

Investors need to let Greece rest in peace. That country has enough problems of its own without being asked to take responsibility for ours as well.’

 

 

 

Bernanke calls unemployment a ‘national crisis’   28 Sep 2011 Fed chief Ben Bernanke said Wednesday that the nation’s weak labor market was “a national crisis” [ Duh! No-recession-wall-street-lovin’-helicopter ben’s … done it again! … brilliant description of unfortunately what already is thanks in large part to his wall (fraud) street largess / welfare in the form of QE’s, etc..]

 

 


Unthinkable Poised to Happen on Wall Street. See Disturbing Charts. (Moneynews) ‘The Aftershock Survival Summit is a gripping, no-nonsense presentation that’s quickly becoming a financial beacon in an economic tsunami.

Featuring an exclusive interview with famed economist and best-selling author Robert Wiedemer, this disturbing presentation exposes harsh economic truths along with a dire financial warning — a prophetic message that’s spreading across America like wildfire.

But it’s not just the grim predictions that are causing the sensation; rather, it’s the comprehensive blueprint for economic survival that’s really commanding global attention.

 

It offers realistic, step-by-step solutions that the average hard-working American can easily follow; millions have already heeded its warnings and are rapidly sharing the Aftershock Survival Summit throughout the Internet. To see it for yourself, simply click here.

The overwhelming amount of feedback to publicize the presentation, initially screened for a private audience, came with consequences as various online networks repeatedly shut it down and affiliates refused to house the content.

“People were sitting up and taking notice, and they begged us to make the Aftershock Survival Summit public so they could easily share it,” said Newsmax Financial Publisher Aaron DeHoog, “but unfortunately, it kept getting pulled.”

The controversy stems from direct allegations that the people in Washington have failed miserably. They include former Federal Reserve Chairman Alan Greenspan and current Federal Reserve Chairman Ben Bernanke, tasked with preventing financial meltdowns and keeping the nation’s economy strong through monetary and credit policies.

At one point, Wiedemer even calls out Ben Bernanke, saying that his “money from heaven will be the path to hell.”

This wasn’t the first time Wiedemer’s predictions hit a nerve. In 2006, he and his team of economists accurately predicted the four-bubble meltdown in the housing, stock, private debt, and consumer spending markets that almost sunk America.

Regardless of his warnings and survival advice, Bernanke and Greenspan were not about to support Wiedemer publicly, nor were the mainstream media.

As the warnings went unheeded, and America suffered the consequences, Wiedemer penned his latest prophetic work, “Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown.”

Once again his contrarian views ruffled feathers and just before the book was publicly released, the publisher yanked the final chapter, deeming it too controversial for newsstand and online outlets such as Amazon.com.

Despite appearances, “Aftershock” is not a book with the singular intention of scaring people, explains DeHoog. “The true value lies in the sound economic survival guidance that people can act on immediately. I was able to read the original version with the ‘unpublished chapter,’ and I think it’s the most crucial in the entire book. After contacting Wiedemer, we [Newsmax] were granted permission to share it with our readers. In fact, viewers of the Aftershock Survival Summit are able to claim a free copy of it.”

In the Aftershock Survival Summit, Wiedemer reveals what the publisher didn’t want you to see. Citing the unthinkable, he provides disturbing evidence and financial charts forecasting 50% unemployment, a 90% stock market collapse, and 100% annual inflation.

“I doubted some of his predictions at first. But then Robert showed me the charts that provided evidence for such disturbing claims,” DeHoog commented.

Editors Note: The Aftershock Survival Summit shows the exact same charts. See them for yourself.  http://w3.newsmax.com/a/aftershockb/video.cfm?PROMO_CODE=CD97-1   … ‘


Read more: Aftershock Survival Summit Predicts the Unthinkable
Important: Can you afford to Retire? Shocking Poll Results



 

Prepare for Lehman Brothers Part 2  MoneyShow.com Sep 15, 2011 ‘Three years ago, Lehman collapsed. Now, a new Lehman-like financial crisis is coming -- this time involving the debt of governments and European banks.’

 

 

 

 

Arguments for Being in the Crash Camp   Conor Sen Sep 28, 2011 ‘This has been the sixth-most volatilite September since 1950. The only years more volatile? 2002, 2001, 1974, 1998, and 2008, years which included two major stock market bottoms (1974 and 2002), 9/11, Long Term Capital Management, and the fall of Lehman Brothers. Despite the crazy volatility, it is my contention that nothing meaningful has really happened this month. As we know, the reason for the volatility is primarily because of the ongoing sovereign debt crisis in Europe. And as news events of today confirm, we remain no closer to resolution here, even as stress indicators continue to deteriorate.

For example, while markets were surging today, German finance minster Wolfgang Schaeuble was out saying basically the same things he's been saying all along, that Germany is opposed to further bailouts or fiscal stimulus, and Europe's periphery should resolve its problems via fiscal consolidation.

Later in the day, as the Financial Times reported, problems were surfacing regarding Greece's latest bailout package:

"A split has opened in the eurozone over the terms of Greece’s second €109bn bail-out with as many as seven of the bloc’s 17 members arguing for private creditors to swallow a bigger writedown on their Greek bond holdings, according to senior European officials."

What We Know:

Nothing's fixed and we're no closer to a fix. Bad news.

The good news is if history is any guide, we're likely no more than two to three weeks away from mercifully putting in a bottom for the rest of the year if we haven't already. Looking at those five years with Septembers more volatile than this one, the September-December low occurred on 10/3/74, 10/8/98, 9/21/01, 10/9/02, and 11/21/08 (though a major low in internals occurred on 10/10/08 and if you had bought that low you would've broken even through year-end). For whatever reason early-mid October is when final flush-outs tend to occur. Unfortunately this means the European crisis will most likely be the cause of yet more systemic pain in 2012…In a way these companies benefit from the current macro environment because it keeps valuations depressed and interest rates low, allowing them to borrow money cheaply and buy back more stock than they'd be able to at non-stressed valuations…’

 



Short-Selling Bans Extended, Stocks Fall Harder at The Wall Street Journal

 

Now's Not the Time to Take on Equity Market Exposure at Minyanville Erik Swarts Sep 28, 2011 ‘This is obvious when you consider the respective pieces that need to come together to resolve the sovereign debt crisis, and apply technical analysis to the charts.

 

[video]Buying on Rumor - Prepare For The Selling On NewsTheStreet.com TV

 

The Biggest Borrowers From Uncle Ben Bernanke at Forbes ‘It comes as little surprise that America’s biggest banks are among the heaviest borrowers from the Federal Reserve’s unprecedented liquidity facilities during the financial crisis that doled out more than $1.2 trillion. An analysis of thousands of documents by Bloomberg News shows just how big the outlays to some of the world’s largest financial firms really were, including the 20 that follow and saw their outstanding loans peak at more than $25 billion… { Read Full Story http://www.forbes.com/sites/steveschaefer/2011/08/23/morgan-stanley-leads-biggest-borrowers-from-uncle-ben-bernanke } ‘

 

 

THE GREATEST SHOW ON EARTH  September 29, 2011   http://www.etfdigest.com

http://albertpeia.com/circuswallstreet.jpg

Yes, I’ve used this image before but it befits the past two months of frenetic two-way trading. Thursday markets moved sharply higher early on news of better Jobless Claims and GDP data plus the positive vote from the German parliament regarding funding their portion of the euro zone’s EFSF (European Financial Stability Facility).

Algos jumped on the headlines which is what they’re programmed to do. They don’t look under the hood for details since given their momentary focus, “facts don’t matter”—not at least right away.

A closer look inside Jobless Claims data is the consistent revisions for higher previous claims. This makes current reports generally seem better by comparison. Further, the BLS states with this report the significant impact of “seasonal factors” skewing the report. The figures used to adjust the data typically look for a drop in un-adjusted claims heading into the end of a quarter. For last week however, the seasonal adjustment factors predicted unadjusted claims would rise 0.4 percent per the Labor Department. Instead, unadjusted applications followed the typical patterns at the end of quarters and plunged 8.2 percent, leading to the even bigger drop in the adjusted data.

Below is an analysis of the GDP report directly from the always reliable and probative Consumer Metrics Institute.

The Bureau of Economic Analysis's (BEA) third estimate of second quarter 2011 U.S. Gross Domestic Product (GDP) was reported to be 1.34%, an upward adjustment from their previous data. The new growth number was .36% higher than the number reported last month for the same quarter. It is important to remember that this new monthly report covered the same time periods as the previous reports -- meaning that this monthly set of changes in the numbers was caused by late arriving data at the BEA and not actual month to month improvements in the economy.

Among the items notable in the report:

-- Aggregate consumer expenditures for goods was still reported to be contracting during the second quarter, dragging the overall growth rate of the economy down by a -0.38% rate. This is actually marginally weaker than the numbers in the earlier reports.

-- Consumer expenditures for services grew slightly during the quarter, at an improved (although still very sluggish) 0.87% annualized growth rate. But the adjustment in this single line item represented the bulk of the improvement in the headline number.

-- The growth rate of private fixed investments was only slightly higher, at a weak annualized 1.07% rate.

-- Inventories are still reported to have been drawn down during the quarter, indicating that production has slowed faster than demand. The revised estimate of inventory levels caused the overall growth rate to be reduced by a -0.28% annualized rate.

-- Total expenditures by governments at all levels was still reported to be shrinking, reducing overall economic activity at a -0.18% annualized rate.

-- Exports strengthened slightly relative to the earlier report, raising the contribution that they made to the overall GDP growth rate to 0.48%.

-- Imports decreased somewhat when compared to the earlier report, and are now reported to be removing -0.24% from the growth rate of the overall economy. The combination of the revisions in the import and export numbers contributed about half of the upward changes in the published headline number.

-- The growth rate of "real final sales of domestic product" was revised upward to an annualized 1.62%, as the result of the now higher consumer services figures, slightly improved foreign trade and the increased draw-down of inventories.

-- Working backwards from the data tables, the effective "deflater" used by the BEA to offset the impact of inflation was 2.58% -- still substantially below the rates reported by their sister agencies. Substituting the line-item appropriate (CPI or PPI) current inflation rate published by the Bureau of Labor Statistics (BLS) causes the "real" GDP to be contracting at a -0.73% annualized rate.

-- And using the same alternate BLS "deflaters" the real per-capita GDP can be shown to be contracting at a -1.45% annualized rate. Similarly, per-capita disposable income was contracting at a -0.92% annualized rate. These per-capita numbers are what impacts individual Americans and it is the real source of the frustration within the populace.

Not featured by the financial media beyond Bloomberg is Thursday’s report and graph on their Consumer Comfort Survey which shows this index as back to 2008-09 levels. This is hardly encouraging.

http://albertpeia.com/comfort.jpg

Fed Governor Lockhart finds current jobless conditions “perplexing and vexing” according to this Bloomberg story. So if I have my synonyms and meanings right he’s “embarrassed and pissed-off” which kind of disqualifies him from such a position.

Meanwhile back at Wall & Broad stocks as measured by the DJIA raced higher early by 260 points only to fall later by 45 points and then rally in “stick save” fashion to close 143 points higher. This really is the “Greatest Show on Earth”! The NASDAQ was lower by .43% led by semiconductor sectors (SMH) especially after a poor outlook from Advanced Micro Devices (AMD), down nearly 14%. Also there is still some lingering confusion over iPads from Apple (AAPL) versus Fire from Amazon (AMZN). Financials were higher which helped much of the bigger names rally although the rationale was difficult to determine.

Commodities, including precious and base metals, oil and grains were higher overall. The dollar was down slightly and bonds were stronger.

Volume was modest most of the day until the large “stick save” was put in place to end the session. Breadth per the WSJ was positive once again as quarter-end window dressing is in full swing.

http://albertpeia.com/929-1.jpg

 

Major U.S. Markets (5)
U.S. Market Sectors & ETFs (20)
Bonds (4)
Commodity & Currency ETFs (16)
International & Emerging Market ETFs (14)
$NYMO (1)
$NYSI (1)
$VIX (1)

 

The craziness continues for the clown act doing business as the Greatest Show on Earth. It’s no wonder so many individual investors have fled markets. Between phony data and window dressing it’s hard to stick with the long-term program. Three bear markets in 11 years would be enough to turn anyone off. Now we’re not in a bear market yet but we’re frightfully close.

Friday brings the not so reliable U of Michigan Consumer Sentiment, Personal Income and Spending and the important Chicago PMI. Friday also will allow for more end-of-quarter window dressing.’

 

[video] Trader: I'd Sell Into This Rally at TheStreet.com 

 

CEOs have the Blues About Business Prospects Wall St. Cheat Sheet 

 

 

Video: Wall Street Employees / Fraudsters Laugh, Drink Champagne as Protestors Rage Belowat Minyanville (Thu, Sep 29)

 

 

 

Housing Market Hasn’t Bottomed … : Mort Zuckerman - Peter Gorenstein ‘…"And they don't want to buy assets that are going down in price." That may be true, but there must be millions of consumers who look back on their subprime mortgage with regret.’



NO COUNTRY FOR OLD MEN Dave’s Daily http://www.etfdigest.com September 30, 2011  ‘It’s probably not a “market” for men or women of any age at this point. Warren Buffett has put himself out there recently buying stock in Bank of America (BAC) and then suggesting Friday it might take 3-5 years for the company to clean things up. He also stated he’s received inquiries from European banks for a financial injection which isn’t a good sign. He’s also been highly visible averaging down buying shares in his own Berkshire Hathaway (BRK/A) with $5 billion in purchases already this quarter. He says he likes the president’s jobs bill although admitted to not knowing its details which is poor due diligence. He’s also unsure of just what Obama’s “Buffett Rule” means as it applies to incomes over $250K deflecting the level by talking about people making $50M or more. All this struck me as interesting and odd … So for stocks overall this is the worst performing quarter since 2008 when we were entering a bear market. Are we due for a repeat or is this just a continuation of the previous bear market? It gives us a sense of a 1930s like market which featured substantial bear market rallies. For the quarter the DJIA was down 12%, S&P 500 down 14.3% and Nasdaq Composite down 12.9%. European stocks in aggregate lost 17% …’



How to Navigate a News-Paralyzed Market  Simon Maierhofer, September 30, 2011, ‘… Here's my psychoanalysis of the market, which I believe is more accurate than my medical opinion. The market has one goal, one reason for 'living.' It's to separate as many people as possible from their money. He doesn't always win, but over the decades he's found the most effective ways to separate most from as much money as possible. He's got a tackle box full of baits and lures to bait and switch unassuming investors. The market is smarter than the collective of all investors and analysts because it knows at any given time what the collective 'Wall Street wisdom' thinks and does. If the market sees Wall Street is bullish, it will go down and vice versa. The market will not be told by the media what to do and laughs at assessments like the following from the media (taken from this week):

AP on Monday: 'Stocks jump on hopes for a Europe fix'

Reuters on Tuesday: 'Stocks pop on Europe hope'

AP on Wednesday: 'Stocks are closing lower, ending a three-day winning streak, as investors worry about Europe.'

Bloomberg on Thursday: 'Stocks advance on jobless claims' (since when does the market care about jobs anymore. Wasn't there any Greece news?) …’

 

Apple in a Dangerous Position; Bears Are Watching at Minyanville

90% of Americans say economy stinks

 

Protect your investments, what to look for next week.  Forbes ‘ Right now is not the time to worry about knocking the ball out of the park.  Let’s focus on preserving your assets.  Today was end of the quarter and it was not pretty.  For the quarter end we were down about -14.31% on the S&P 500.  As for September, the S&P was down -7.21%, closing at 1131, down 5 points from were we closed Firday the 19th.  The week was extremely volatile; it has gotten to the point where Main Street does not feel safe in a long term asset allocation strategy…’

 

Don't Let Taxes Stop You From Selling Stocks at Forbes

 


Defensive Sectors Shine During Meltdown As Kodak Fades To Black at Forbes  …’

 

4 Market Signs Signaling Recession

 

Cyclical Sector ETFs Say It's the Economy, Stupidat The Wall Street Journal 

 

Japan Puts Cheapest Ever as Traders See Banking Lossesat Bloomberg

 

US incomes fall for first time in nearly 2 years

 

Moody’s Lowers U.S. Lodging Industry Outlook as Economy Slows

 

 

Yield Spread Confirming Recession Call http://www.zerohedge.com/news/guest-post-yield-spread-confirming-recession-call Submitted by Lance Roberts of StreetTalk Advisors

Yield Spread Confirming Recession Call

Recession.   It is now becoming clearer, even to the mainstream media, that the "Big 'R'" is rapidly approaching, or already upon us.  Without further stimulus from the government the economy will continue its slide into negative growth.  Unfortunately, it doesn't look like the "Calvary" will be charging to the rescue anytime soon.   Bernanke, at this point has effectively punted to the Whitehouse for stimulative action.  The Whitehouse is embroiled in partisan politics which will keep any action from occurring until most likely after the next election.   This leaves the economy and the financial markets to their own devices, and much like kids without parental supervision, they are running amok.

I have been very vocal as of late commenting on the fact that a recession is fast approaching.   The trends of the economic numbers have all soured to the negative.   From manufacturing to personal incomes to sentiment they all are signaling a recession lay ahead.   Another confirming indicator of a recessionary track is the spread in yields between junk bonds and high quality bonds.  The chart here shows two different yield spreads.   The blue represents the difference in yields between AAA rated corporate bonds to BB rated bonds while the red represents the spread between 10-yr government treasuries to BB rated bonds.   The dotted horizontal lines represent when these spreads have signaled recessions in the economy.

When the economy is strong the spread between BB (Junk Bonds) and AAA Bonds or Government treasuries is much lower as the perceived risk of default on payment is lower.    In times of economic stress or recession the perceived risk of default or failure is much greater.   Currently, spreads at these levels are very indicative of economic stress and recessions.  The perceived risk of corporate failure is rising and spreads are widening as money leaves high risk bonds (driving interest rates higher) and moves to safer yielding bonds (keeping rates lower).   The wider the spread the harder it is for weak companies to access capital and corporate failures rise.  

On Friday, Lakshman Achuthan of the Economic Cycle Research Institute reviewed the weight of ECRI's research, observing "Now it's a done deal. We are going into a recession."

The spread in yields combined with our own research as well as that of the ECRI, which is a very conservative organization with calls generally way ahead of the consensus as we have repeatedly been, confirms that our views are most likely the correct one.

While the media tends to view the economy from one report to the next what is important is to understand the trend and the balance of the data on the whole.  Understanding the trend and balance will make you very unpopular with the rest of the world that consistently ops for the "glass half full" view  but will keep you from losing a lot of money in the long run.

John Hussman summed this view up well; "In contrast, good economists think about the economy as a system - where multiple sectors interact. We tend to use words like 'equilibrium' and 'syndrome' when we talk about economic data - emphasizing that the best signals involve a whole conformation of evidence, not one or two indicators, where the data - in combination - captures a particular signature of recession or recovery.

Look at how Achuthan described the situation on CNBC on Friday, and you'll see a good example of this sort of thinking:

'This is a done deal. We are going into a recession. We've been very objective about getting to this point, but last week we announced to our clients that we're slipping into a recession. This is the first time I'm saying it publicly. A broad range - this is not based on any one indicator - this is based on dozens of indicators for the United States - there is a contagion among those forward looking indicators that we only see at the onset of a business cycle recession.. These leading indicators, which are objective.. they have a certain pattern that they present in front of a recession, and that is in, that is in right now.'

'A recession is a process, and I think a lot of people don't understand that; they're looking for two negative quarters of GDP. But it is a process where sales disappoint, so production falls, employment falls, income falls, and then sales fall. That vicious circle has started. You're looking at the forward drivers of that, which are different indicators - there's not one - everything's imperfect. The Weekly Leading Index .. that is saying unequivocally, this is recession. Long Leading Index, which has a longer lead, is saying recession. Service sector indicators, non-financial services where 5 out of 8 Americans work, plunging. Manufacturing, going into contraction. Exports, collapsing. This is a deadly combination, we are not going to escape this, and it is a new recession.'

For investors, if you believe that current analyst estimates of forward operating earnings are correct, and you believe that the inappropriate bubble-era benchmarks for price-to-forward operating earnings are actually valid, and you've ignored all evidence that the Fed Model is spectacularly devoid of validity, and you believe that the only course for valuations is to move toward those misguided benchmarks regardless of what happens to Europe or the U.S. economy, then it's easy to believe that stocks will head higher.  For our part, we believe none of those things..."

We agree with John on this point.   These are points that we have written extensively on in the past.   In a low growth economic environment the persistent call for high growth rates in stock prices is dumbfounding.  History tells us that the corporate earnings, and ultimately capital appreciation, cannot grow faster than the economy for long.   Corporate earnings, and ultimately the prices paid for those earnings, are a reflection of the economy and not vice versa.

There is one final key point to all of this as it relates to the yield spread.   Investors face not only an oncoming recession here but also a probable sovereign default and recession in Europe.  The compounding of these factors translates into heightened credit risk here in the U.S. (as noted by credit spreads jumping  higher recently) and corporations do not borrow at the 10-year treasury rate.  They borrow from the bond market and the rising costs of borrowing due to rising credit risk impacts corporate profitability.  Expectations for earnings growth going into 2012 is still extremely high with current estimates sitting at an all-time record for the S&P 500 index next year.   The reality of that occurring is almost nil.   In turn, this means that prices will have to be adjusted for the reality of a recessionary economy which is why the average decline of stocks during a recession is about 33%.  

John Hussman summed our current stance up very well:  "Still, as always, we're data-driven, and there are possible combinations of evidence (not in hand at the moment) that could move us to a modestly or moderately constructive investment stance even in the context of broader economic risks. My impression continues to be that the best hope for a sustained advance (early on, probably only several weeks or a few months in duration) is from substantially lower levels, but we'll take our evidence as it comes. Suffice it to say that we remain defensive here, but are quite willing to shift our investment stance if the evidence supports that."   Well said.’

 

 

Hold Your Enthusiasm ... This Is Still A Bear Market Rally    http://www.bullfax.com/?q=node-hold-your-enthusiasm-still-bear-market-rally, 10/06/2011 By StopAlerts:We have had three nice rally days, and call volume instead of put volume is dominant, but this is still a bear market rally, in our view. If you are buying specific stocks for specific long-term reasons, that is one thing, but if you are buying indexes it may be best to wait for more of a confirming price movement …’

 

Is a Recession Coming Next Year? – Zacks  While the current economic data is not indicating we are back in recession, I find myself leaning more and more into the "recession in 2012" camp.’ [ This link is provided for the plethora of data / charts but misses the bigger picture of current data in the context of the fraudulent scam dollar debasement strategy of the fed and the inflationary impact of same so cheered by the frauds on wall street for the illusory effect of same. ]

 

[video] Caution Flag On The Rally TheStreet.com Ken Polcari of ICAP Equity warns investors to be careful with this rally, lows could be retested. 10/06/11

 


“The Prevailing Debate Among Economists and Historians is Whether the World Economy Faces the ‘Great’ Depression of the 1930s or the ‘Long’ Depression of the 1870s” Washington’s Blog | Economists Agree: We’re In a Depression.  Fitch cuts Italy, Spain ratings; outlook negative , Wall Street vs Reality: A Hopeless Tug-of-War?  http://symmetrycapital.net/index.php/blog/2011/10/wall-street-vs-reality-a-hopeless-tug-of-war  Are Wall Street strategists living in a bubble? [ The short answer is, ‘YES’! The long answer is your work is quite (closer to) correct (and worse when dollar debasement is factored in).]  According to our work, credit market, demographic, and leading economic  indicators are all pointing to a level of between 800 and 1,000 for the S&P 500 between now and 2012-2013.   http://www.stansberryresearch.com/pro/1108PSI9MOVD/PPSIMA06/PR

 

 

 

Wall Street vs Reality: A Hopeless Tug-of-War?  http://symmetrycapital.net/index.php/blog/2011/10/wall-street-vs-reality-a-hopeless-tug-of-war  Are Wall Street strategists living in a bubble? [ The short answer is, ‘YES’! The long answer is your work is quite (closer to) correct (and worse when dollar debasement is factored in).]  According to our work, credit market, demographic, and leading economic  indicators are all pointing to a level of between 800 and 1,000 for the S&P 500 between now and 2012-2013…’

 

Paulson's Big Fund Down 47%; Sept. Proves Dicey For Hedgiesat Barrons.com

 

 

Graham Summers Weekly Market Forecast (Dexia Now... Who's Next? Edition)    http://www.zerohedge.com/contributed/graham-summers-weekly-market-forecast-dexia-now-whos-next-edition

‘Things are getting truly desperate in Europe. I’d like to show just how bad they are by way of example: the Belgian bank Dexia, which is now in the process of being nationalized.

For starters, Dexia had 566 billion euros in debt and 19 billion euros in equity as of the end of 2010. Right off the bat, that’s a leverage ratio of 29 to 1. Lehman Brothers was leveraged at 30 to 1 when it collapsed.

Now consider that Belgium’s entire GDP is just 348 billion euros. Dexia has 566 billion euros in assets. Of this 352 billion are loans. Put another way, Dexia’s loan portfolio alone is larger than its home country’s entire economy.

AND THIS BANK PASSED THE STRESS TESTS.

Suffice to say, Europe’s banking system is in far FAR worse shape than anyone over there is admitting. The stress tests were complete and total fiction. And the market is starting to figure this out.

 

http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-2_1.png

 

Small wonder then that had both the IMF and the Bank of England have recently warned that the world is facing a “financial meltdown” and “the worst financial crisis in history.”

 

Ben Bernanke issued his own statement of doom last week as well, stating that his precious recovery is “close to faltering.” For a guy who’s spent TRILLIONS trying to create a recovery to admit things aren’t working out ought to give you an idea of just how bad things will be getting in the near future.

Indeed, stocks were rejected last at a descending trendline from the July top.

We should have at least gotten a bounce to the 38.2% retracement (1,200 on the S&P 500). So if the market fails to get there and simply rolls over here, then we’re going DOWN in a big way FAST.

 

http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-1_5.png

 

Here is the reality of the financial system today: 

§  The European banking system is facing systemic collapse.

§  The US economy has rolled over and is in a confirmed double dip in the context of a larger DE-pression.

§  The Central Banks and regulators have admitted we are peering into the abyss and they have no clue what to do.

 Yes, I believe that before this mess ends, the financial system as a whole will have collapsed. What's coming is going to make 2008 look like a joke.

If you have yet to prepare yourself for what’s coming, now is the time to do so. Whether it’s by moving to cash and bullion, opening some shorts, or simply getting out of the markets altogether, now is the time to be preparing for what’s coming (remember, stocks took six months to bottom after Lehman… and that was when the Fed still had some bullets left to combat the collapse).

And if you’re looking for specific ideas to profit from this mess, mr Surviving a Crisis Four Times Worse Than 2008 report can show you how to turn the unfolding disaster into a time of gains and profits for any investor.

Within its nine pages I explain precisely how the Second Round of the Crisis will unfold, where it will hit hardest, and the best means of profiting from it (the very investments my clients used to make triple digit returns in 2008).

Best of all, this report is 100% FREE. To pick up your copy today simply go to: http://www.gainspainscapital.com and click on the OUR FREE REPORTS tab.

Good Investing!

Graham Summers

PS. We also feature four other reports ALL devoted to helping you protect yourself, your portfolio, and your loved ones from the Second Round of the Great Crisis. Whether it’s my proprietary Crash Indicator which has caught every crash in the last 25 years or the best most profitable strategy for individual investors looking to profit from the upcoming US Debt Default, my reports covers it.’

FINANCIAL CRISIS

"ROUND TWO" SURVIVAL GUIDE THIS BEAR MARKET IS NOWHERE NEAR OVER. Since its March 10 low of 666 in 2009, the S&P 500 rally has been almost unstoppable. Pundits and media commentators alike have taken this to mean that the bear market is over and that stocks should once again be the primary asset class for investors. None of them knows what they’re talking about. Over the last 30 years, the US has built up record debts on a personal, state, and national level. Consumers thought they were financially stable so long as they could cover the interest payments on their credit cards, states created program after program few if any of which they could afford, and the Federal Government issued $30-50 trillion in debt and liabilities (counting Social Security and Medicare). This all came to a screeching halt when the housing bubble (arguably the biggest debt bubble in history) imploded in 2007. Since that time, stocks have staged one of their worst years on record (2008), one in five us mortgages has fallen underwater (meaning the mortgage loan is worth more than the home itself), and some trillions in US household wealth has evaporated. These issues seem to be distinct, but in reality they all stem from a debt problem. And as you know, there is only one legitimate way to deal with a debt problem: Pay it off. However, instead of doing this, the Feds (the Federal Reserve, Treasury Dept, etc.) have been producing EVEN MORE DEBT. Here’s a brief recap of their moves thus far: • The Federal Reserve cuts interest rates from 5.25‐0.25% (Sept ’07 today) • The Bear Stearns deal/ Fed buys $30 billion in junk mortgages (March ’08) • The Fed opens various lending windows to investment banks (March ’08) • The SEC proposes banning shortselling on financial stocks (July ’08) • The Treasury buys Fannie/Freddie for $400 billion (Sept ’08) • The Fed takes over AIG for $85 billion (Sept ’08) • The Fed doles out $25 billion for the auto makers (Sept ’08) • The Feds’ $700 billion Troubled Assets Relief Program (TARP) (Oct ’08)

• The Fed buys commercial paper (nonbank debt) from nonfinancials (Oct ’08) • The Fed offers $540 billion to backstop money market funds (Oct ’08) • The Feds backstops up to $280 billion of Citigroup’s liabilities (Oct ’08). • Another $40 billion to AIG (Nov ’08) • The Fed backstops up $140 billion of Bank of America’s liabilities (Jan ’09) • Obama’s $787 Billion Stimulus (Jan ’09) • The Fed’s $300 billion Quantitative Easing Program (Mar ’09) • The Fed buying $1.25 trillion in agency mortgage backed securities (Mar ’09 ’10) • The Fed buying $200 billion in agency debt (Mar ’09’10) • Cash for Clunkers I & II (JulyAugust ’09) And that’s a BRIEF recap (I’m sure I left something out). In a nutshell, The Feds have tried to combat a debt problem by ISSUING MORE DEBT. They’re pumping trillions of dollars into the financial system, trying to prop Wall Street and the stock market. They’ve managed to kick off a rally in stocks… But they HAVE NOT ADDRESSED THE FUNDAMENTAL ISSUES PLAGUING THE FINANCIAL MARKET. Stocks are headed for another Crash, possibly as bad as the one we saw in October November 2008. As you know, that Crash wiped out $11 trillion in household wealth in a matter of weeks. There’s no telling the damage this Second Round will cause. The Feds have thrown everything they’ve got (including the kitchen sink) at the financial crisis… and things are fundamentally no better than they were before: most major banks are insolvent, one in five US mortgages is underwater, and the stock market is being largely propped up by in‐house trading from a few key players (Goldman Sachs, UBS, etc). Make no mistake, we are rapidly headed for ugly times in the financial markets. The time to prepare yourself is NOW! And I’ve located several investments that will not only protect your portfolio… they’ll also help you turn a profit when this “house of cards” we call a market rally comes crashing down. I’ve detailed all of them in this report, The Financial Crisis “Round Two” Survival

Guide.

Two Ways Stocks Pay: Inflation and Dividends Before we get into the specific investment suggestions, it’s important to take a big picture of stocks as an asset class. The common consensus is that stocks return an average of 6% a year (at least going back to 1900).

However, a study by the London Business School recently revealed that when you

remove dividends, stocks’ gains drop to a mere 1.7% a year (even lower than

the return from longterm

Treasury bonds over the same period). Put another way, dividends account for 70% of the average US stock returns since 1900. When you remove dividends, stocks actually offer LESS reward and MORE risk than bonds. If you’d invested $1 in stocks in 1900, you’d have made $582 with reinvested dividends adjusted for inflation vs. a mere $6 from price appreciation. So as much as the CNBC crowd (and out serial bubble blowing Fed Chairman Ben Bernanke) would like to believe that the way to make money in stocks is buying low and selling high, the reality is that the vast majority of gains from stocks stem from dividends. The remaining gains have come largely from inflation. Bill King, Chief Market Strategist M. Ramsey King Securities recently published the following chart comparing REAL GDP (light blue), GDP when you account for inflation (dark blue), and the Dow Jones’ performance (black) over the last 30 years. What follows is a clear picture that since the mid-70s MOST of the perceived stock gains have come from inflation.

Which brings us to today. According to official data, the S&P 500 is currently trading at a Price to Earnings (P/E) ratio of 20 and yields 1.7%. In plain terms, stocks are expensive (historic average for P/E is 15) and paying little. In other words, there is little incentive, other than future inflation expectations, for owning stocks right now.

With this in mind, now is the time to be pruning your “long” holdings. We’ve had a spectacular run in stocks since the March 2009 low and the likelihood of this continuing much longer is relatively slim. Running Out of Buyers By most historic metrics, the market is showing signs of a significant top. Here are just a few key metrics: 1) Investor sentiment is back to super bullish autumn 2007 levels. 2) Insider selling to buying ratios are back to autumn 2007 levels (insiders are selling the farm). 3) Money market fund assets are at 2007 levels (indicating that investors have gone “all in” with stocks). 4) Mutual fund cash levels are at a historic low. This final point is key. Mutual funds are the “big boys” of the investment world. If they have become fully invested in the market, this means there are few buyers left to push stocks higher. This is evident in the fact that every time mutual fund cash levels dropped, stocks collapsed soon after (see chart below).

http://home.comcast.net/~RoyAshworth/Mutual_Fund_Cash_Levels/Mutual_Fund_Cash_Levels.htm

In plain terms, the odds are high that a Top is forming in stocks. With that in mind, if your portfolio is heavily invested in stocks, now is a time to be taking some profits. If you can, consider moving a sizable chunk into cash. The market is extremely tired and the systemic risks underlying the Financial Crisis are in no way resolved. With investor complacency (as measured by the VIX) back to pre‐Crash levels, the Fed withdrawing several of its more significant market props, and low participation coming from the larger institutions, this market is ripe for a serious correction. I’m not saying this will immediately happen. But at some point there will be a new round to the Financial Crisis. When that happens, we WILL have another Crash. Indeed, it is quite possible that stocks are making a VERY significant top, so being heavily invested in stocks going forward doesn’t make much sense. Take some money off the table. If you need a place to put it, I suggest physical cash or Gold/ Silver bullion. If You MUST Stay Long, Shift to Quality If you DO have to stay invested in stocks, now is the time to be shifting out of junk into quality. The market rally from March 2009 has largely been lead by junk companies (financials, retailers, etc). Meanwhile, quality has lagged dramatically. As an example, let’s compare the performance of Coke (KO) to Bank of America (BAC). KO is one of the best, most profitable brands in the world. The competitive moat around this business is extraordinary and it remains one of the most easily recognized franchises on the planet. You can drink six glasses of Coke a day and still enjoy it the next day. That quality is almost nowhere to be found in any other food/ beverage on the planet: even chocolate would get old after six bars a day. BAC on the other hand has swallowed Countrywide Financial AND Merrill Lynch’s garbage assets. It is effectively insolvent based on its derivative exposure alone (the company has derivatives equal to 3,000% of assets). BAC’s balance sheet is like an open sewer and without serious government intervention the company would not even exist right now. And yet, BAC’s stock has risen nearly 200% since the March ‘09 lows… while KO is up less than 50%.

This relationship works to the downside as well. What I mean is that when stocks come unhinged, Quality (Coke) then outperforms Garbage (Bank of America) hands down.

So, if you HAVE to remain invested in stocks to the long side for whatever reason, now is the time to be moving into high quality companies. This means finding companies with low debt, lots of cash, strong results (KO actually GREW revenues in 2008), and significant competitive advantages. Also, and this is critical, look for companies with strong balance sheets: companies that will still EXIST if there’s another Crisis. Depression or no, people will still drink soda, alcohol, smoke cigarettes, and need medicine. I’ve compiled a list of companies you should consider if you need to remain involved in stocks going forward: Company Symbol Sector Price/ Cash

Flow

Dividend

Yield Coke KO Soft Drinks 15 3.2%

Budweiser BUD Alcohol 14 N/A J&J JNJ Medicine 10 3.02% WalMart WMT General Retail 8 2.16% Exxon Mobil XOM Oil 11 2.51% You’ll note that most of these companies pay decent dividends (compared to the S&P 500’s 1.7%). This is critical going forward. With stocks overvalued, you want to make sure you’re at least getting paid for remaining involved in the market. However, there is an added bonus to owning Quality stocks right now. Because this market rally has largely been dominated by Garbage stocks, Quality companies like Coke have not yet risen to extreme valuations. Thus, you can still buy them at relatively cheap levels (less than 15 times cash flow). So, in a sense, they are a good investment based on pricing as well. I want to stress that these investments are only if you HAVE to stay in stocks for some reason. If there is another collapse these companies will fall like everything else. However, they will likely fall less than the rest of the market (see the chart comparing Coke and the S&P 500 below).

source: Yahoo Finance So while I do not expect these positions to make a lot of money now (these are not short-term trades), they should shelter you from losing too much money should another Crash hit. Indeed, if the market DOES collapse and these companies fall 10- 15% across the board (while the market falls 30%+) I would consider these investments even MORE attractive than they are today. Let me explain. Volatility can either hurt you or be your friend. Most people would sell a position if it fell 20-30%. This is wise if you’re investing based on momentum. However, if

you’re investing based on value, then doing this is completely antithetical to attaining high returns. Consider Coke. Let’s say tomorrow Coke collapsed from $55 to $25 per share. Most investors would panic and sell. I, on the other hand, would be buying greedily. Why? Because Coke’s business has a fundamental value. Even during a Financial Crisis and Depression, people will continue to drink soda. So the opportunity to buy Coke at $25 a share (which would be 7-8 times cash flow) would be truly an extraordinary opportunity. Indeed, from an income perspective alone, the opportunity here would be fantastic. Consider that in 2009, Coke paid out $1.76 in dividends. With shares at $55, this means a dividend yield of 3.2% (roughly three times what you’d get by leaving your money in a savings account). However, if Coke shares fell to $25, that $1.76 suddenly becomes a 7% yield

($1.75/ $25.00). That’s a heck of a return from an income perspective. Even if

globally the world entered a sharp Depression and Coke’s income fell by 30%,

pulling its payouts down to $1.23, you’re still looking at a 5% yield. Indeed, companies like Coke offer the potential of REAL value should their share prices drop. Their fundamentals almost ALWAYS outperform investor sentiment. What I mean by this is that should there be another Collapse, Coke’s share price will almost certainly fall MORE from its current levels than Coke’s cash payouts or income will from theirs. During 2008, Coke shares fell 30% or so. However, Coke actually INCREASED its dividend that year. Anyone who bought Coke in October 2008, now collects a 4% yield on their shares (four times what he or she would get from a bank account). This is why companies like Coke remain so strong during times of Crisis. With the FDIC broke and most US banks insolvent, investors desperately need a place to park cash that will still EXIST in a few years. Companies like Coke are a reasonable alternative to a savings account in the sense that you’re paid a higher yield for your deposit (now 3%, but 5% or higher if Coke shares plunge). Of course, because Coke is a stock, you can lose 1015%

or more if shares drop and you sell. In a Crisis, plain old cash will outperform just about anything.

This is why I’ve suggested moving money to cash, if you can. It’s also why I

suggested buying Coke and the other companies listed above only IF you HAVE

to be in stocks right now.

Catastrophe Insurance: Trades For When the Collapse Hits

Now is also the time to be taking out some “Catastrophe Insurance” by compiling a list of trades to make once stocks begin to collapse. Let me be clear, these are not

trades that you’ll make right now… these are trades you’ll make WHEN stocks

collapse.

Personally, I favor UltraShort ETFs. If you’re unfamiliar with UltraShort ETFs, these are invetsments that return 2X the inverse of a particular ETF. Let’s take an example, the UltraShort Financials ETF (SKF). SKF returns 2X the inverse of the Financials ETF (IYF). So if IYF falls 5%, SKF rises 10%. If IYF falls 10%, SKF rises 20%. In this sense, SKF is a great “hedge” or means of playing Financial stocks to the downside. However, there’s an added bonus to UltraShort ETFs like SKF: these investments ALSO trade based on demand from the marketplace. So if stocks collapse say 30%, you might actually see gains GREATER than 60% (2X the inverse) due to investors piling in as they seek to profit from the collapse. Consider SKF’s performance in 2008, for example. In 2008, financial stocks (as measured by the Financials ETF: IYF), fell roughly 50%.

However, if you’d bought SKF once the Crisis really took hold (late September), you could have made MORE than 100% in two month’s time:

This is what makes the UltraShort ETFs so handy when a Crisis hits: because they truly skyrocket as investors stampede like elephants into safety. However, I MUST STRESS that these are not investments to “buy and hold”.

Instead, these are shortterm

trades you should make ONLY once stocks have

begun to truly collapse. Simply add them to your “on deck” trades to make

once the next Crisis hits. You’re probably asking yourself, “how can I distinguish between an ordinary

correction and a REAL Crisis?” Let’s see what history shows us. If you recall from 2008, stocks didn’t go straight down. Instead they dropped, bounced, and then began the serious collapse. Looking back at that time, the 50 DMA served as a useful metric for gauging that a serious decline was about to begin:

As you can see stocks rolled over and broke below their 50DMA in late 2007. After that, the 50DMA acted as strong resistance. Indeed, there was only one bounce above this level, which lasted roughly a month and a half. The real trouble began in the summer of 2008, and investors were given a decent warning when the S&P 500 collapsed and then bounced to test the 50‐DMA and failed to break it.

Similar warnings appeared before the 1987 Crash:

The Tech Bubble:

And the 2008 Crash:

Thus, this tells us that the 50DMA is a strong metric for gauging when real trouble hits stocks again. On that note, the trigger you should be looking for in terms of

when the next Crash will hit will be a decisive break BELOW the 50DMA

followed by a strong bounce that FAILS to break above it again. With that in mind, here are some trades to put “on deck” for when the next round of the Crisis hits. Trade #1: Short the Russell 2000

The Russell 2000 is perhaps the junkiest index in the US. Many of the companies that

comprise this index don’t even MAKE money and most likely should have never been

taken public in the first place. This is the “risk” index, the index of companies that are

garbage. For that reason, the Russell 2000 will collapse most when stocks truly begin

rolling over.

The below chart compares the Russell 2000’s performance against that of the Dow Jones

Industrial Average during the 2008 Crash. As you can see, the Russell dropped

significantly more:

For this reason, I suggest buying the UltraShort Russell 2000 ETF (TWM) when the

market begins its next real collapse.

The UltraShort Russell 2000 ETF (TWM) returns 2X the inverse of the Russell 2000.

So if the Russell 2000 falls 5%, TWM returns 10%. If the Russell 2000 falls 10%, TWM

returns 20%. It’s a terrific means of playing the collapse in small cap stocks.

Again, wait for stocks to enter a free fall before opening this trade.

Trade #2: Short Financials

By now you know that the current Crisis has centered on the financial sector, specifically

the banks. The Protect Your Savings report details the issues extensively. However, as

further proof, the below chart shows that US banks are about to get slammed with another

round of mortgage defaults from the residential housing sector (I’m not even going to

bother including the commercial real estate market which is a multi-billion time bomb in

of itself).

Suffice to say, Financials have a lot of issues coming their way in the future. For that

reason, when the next Round of the Crisis hits, I suggest buying the UltraShort

Financials ETF (SKF).

SKF returns 2X the inverse of the Financials ETF (IYF). So if the IYF falls 5%, SKF

returns 10%. If the IYF falls 10%, SKF returns 20%. It’s a terrific means of playing the

collapse in financials stocks.

Again, wait for stocks to enter a free fall before opening this trade.

Trade #3: Short the Retail ETF

The US consumer accounts for 70% of US GDP. Real unemployment is currently close to 17%. Food Stamp usage is around a record 38 million. Tax receipts for 2010 so far are LOWER than 2009’s levels (didn’t everyone think the entire world was ending back then?). And yet, retail stocks are back to their 2007 highs:

As you can see, retail stocks in general are up nearly 200% during the worst recession in decades. It’s simply staggering. For that reason, I suggest Shorting the

Retail ETF (XRT) when stocks start to collapse. XRT gives broad exposure to the retail sector. Its top holdings are: Company % of Assets Casey General Stores 1.9% Gamestop 1.9% Jos A Bank Clothiers 1.8% Netflix 1.8% Tractor Supply 1.7% Annetaylor Stores 1.7% Limited Brands 1.7% Childrens PI Retail Stores 1.7% Best Buy 1.6% Abercrombie and Fitch 1.6% Shorting this ETF gives you the opportunity to short retail across the board. However, if you’re more inclined to short specific companies, I’d focus on apparel and clothing retailers like Gap (GPS), Limited Brands (LTD), Nordstrom (JWN), and the like. As with the other trades, only enter these shorts when the market begins to enter a free fall.

Trade #4: Short the Emerging Markets Emerging markets have leaded the US on this latest rally: they bottomed back in November 2008, while US stocks continued to plunge until March 2009. That’s not the only “leading” emerging markets have done. While the S&P 500 is up some 60% from its March lows, China, Brazil and their kind have all more than DOUBLED from the November 2008 lows.

This relationship will reverse in the next Crisis.

During times of Crisis, the “flight to safety” involves institutional investors dumping

their foreign shares to load up on Treasuries or other perceived “safe havens.”

Consequently, emerging markets are hit hardest when the markets collapse.

For that reason, when the next collapse begins I suggest shorting emerging markets via

any number of inverse Ultrashort ETFs. The most popular ones are:

1) The UltraShort Emerging markets ETF (EEV)

2) The UltraShort China ETF (FXP)

3) The UltraShort Brazil ETF (BZQ)

All three of these return 2X the inverse of an underlying index: the MSCI Emerging

Markets ETF, the FTSE/ Xinhua 25 ETF, and the Brazil ETF, respectively. As such, they

represent a great way to pocket major gains when the emerging markets collapse along

with the rest of the financial world during the next Crisis.

As with the other trades, only enter these shorts when the market begins to enter a free fall.
CONCLUSION This concludes the our report. If you found this interesting you might want to consider delving into our other FREE reports. All of them are available for downloading. Simply click here.

Good Investing!

Graham Summers

Chief Market Strategist

Phoenix Capital Research

 



Think Tank Says Bailout Fund Will Need $6 Trillion And France Will Lose AAA Rating Daily Bail | Where do they plan to get the money, Euro Claus?

 

We Are Still Early In This Bear Phase   http://www.bullseyemicrocaps.com/?p=10478 By Roger Nusbaum: ‘A reader left a question a couple of days ago asking my opinion on how to determine a market bottom. My thought process here will probably seem a little Hussmanesque. I tend to think of this in terms of probabilities and whether or not the market gets the benefit of the doubt at a given moment. A contributing factor here is duration. Earlier in the week I saw a stat about bear markets lasting four hundred and something days and we were only 150 days in (by some measure). The exact numbers cited don’t matter to me so much as the general understanding that bear markets last well over a year on average and we are only a few months in…’

 

Stocks Surge On New Promises From European Leaders, Dow Adds 300 Points  [ Come on! Wake up! Two desperate, failed politicians who haven’t the slightest idea what they’re doing; certainly in the areas of finance and economics. Indeed, they’ve borrowed from a page in the fraudulent wall street / defacto bankrupt american book of failure and fraud in banging ‘square pegs in round holes’ along with nation-draining fraudulent obfuscation with b***s*** alone that hearkens back to that ’Weimar dollar’ era that was precursor to and inevitably led to the inflationary / no real value collapse now underway as is already the scenario in america. How totally desperate and pathetic they are. This is cheered by the wall street types / frauds to enable them to favorably  cash out. Take your profits while you still can, protect yourself while you still can, this fraud – induced collapse is just beginning. New ‘promises’! Currency-debased high inflation rally!  What a joke they’ve become! ]

 

Bulls Prevent Bear Market This Week: Dave's Dailyat TheStreet  [Sorry Dave … this is already a secular bear market with sporadic, contrived, HFT / programmed contraindicated suckers’ bear market rallies that you yourself have previously pointed out, alluded to. Who talked to you Dave, which by the way brought you ‘back into the fold’ at least at Yahoo, etc., with your atypically inaccurate headline.] It didn’t take much Tuesday to get a short-squeeze underway. Markets were at bear market levels then until a rumor, passing as a news story from FT, got the bullish HFT algos going.

 


Train Reading: Imagine at The Wall Street JournalMark Gongloff

Steve Jobs and America’s decline — Greg Ip in the Economist

The impact of phony short-squeeze rallies — Ritholtz

Don’t mock the 99% — Megan McArdle

Did LSD help make Steve Jobs more creative? — Slate

Alex P. Keaton, an alternative history — Josh Brown

 

 

Steve Jobs and America’s decline — Greg Ip in the Economist Oct 6th 2011, G.I. | WASHINGTON [ That Steve Jobs was great for having literally saved Apple Computer from extinction, there is no question and I’ve previously eulogized him accordingly, ‘pre-death’ (my first computer was an AppleIIc in 1986). Related story: ‘Did LSD help make Steve Jobs more creative? — Slate  Yet, for every story as his, the Beatles (my favorite band all-time, along with the Classical Greats), etc., I can relate a multitude of stories of tragedy, disaster, including one of a quite brilliant lad I worked with – summer job – who expounded on the benefits of LSD expanding one’s mind {repeatedly recommending I try it – I didn’t- never did} was accepted at Columbia Law School, and while hitchhiking while high in mind-expansion-mode walked into a mack truck thereby expanding his mind (and body) all over the roadway, etc..]  ‘EARLIER this year a Federal Reserve official tried to tamp down worries about inflation by noting that, while food and petrol were getting more expensive, you could now buy an iPad that was twice as powerful for the same price as the previous model. The remark, soon lampooned as “Let them eat iPads”, predictably drew derision. But it typified a tactic to which American leaders frequently turn when they need a rejoinder to economic doomsaying: cite an Apple product.As bad as their politics has got, Americans could always comfort themselves with the knowledge that their business leaders, entrepreneurs and workers were the most dynamic and innovative in the world. But they may look back on 2011 and see three events that undermine that story: the downgrade of America’s credit rating; the last flight of the space shuttle; and Mr Jobs’s death. The first, coming as it did on the heels of a debilitating and entirely pointless fight over raising the debt ceiling, captures how American political dysfunction has undermined the economy’s institutional pillars. The latter two symbolised the waning of, respectively, American public and private technological pre-eminence.

Of course, it would be foolish to count out Apple, much less an entire economy, because of one man’s death. Yet even if Apple remains as successful as it has been under Mr Jobs, that success long ago decoupled from that of the broader economy. Written on the back of my iPod are the words, “Designed by Apple in California, Assembled in China.” It was classic Jobs: reframing an issue, the outsourcing of American manufacturing jobs, as something inspirational rather than discouraging. The low-skill assembly jobs and the middle-class lives they provided may be leaving for Asian shores, but the brainy, wealth-creating parts of the process—the design, the engineering, the marketing—were firmly rooted in Silicon Valley. Free traders (including me) loved to cite the research that finds far more of the value in an iPod is added in America than in China.

But behind this glowing story of synergy between American brains and Chinese brawn lay a more disturbing reality. American global economic leadership has, in the last decade, benefited an ever narrower slice of its people. They have become fabulously wealthy, while the vast majority of job growth has been in areas like education and health care, where productivity and wages are stagnant, a trend well documented by Michael Spence. American global business leadership used to be personified by the likes of General Motors, Caterpillar, General Electric and Eastman Kodak. As they lost market share to foreign competitors, shifted employment overseas or flirted with bankruptcy, the focus turned to technology companies like Cisco Systems, Microsoft and Hewlett Packard. Microsoft and Cisco are both fine, though in recent years they have undergone layoffs and seen their market values shrink to a fraction of their bubble-era peaks. Hewlett Packard, of course, is flailing around for a new business model, and is seeking to exit the personal-computer business altogether.

Americans' entrepreneurial self-esteem is now embodied by Apple, Google, Facebook and Amazon. These are indeed fabulously innovative companies with world-beating business models. Yet one wonders if they are increasingly the exception, not the rule, and if the passing of Mr Jobs is simply the most prominent example of a broader decline in American entrepreneurship. According to JPMorgan, in the late 1990s, employment at start-up companies regularly grew 1.2m per quarter. That has fallen to 700,000 since the current recovery began. John Haltiwanger, probably the leading economist on employment dynamics by firm size, finds similar trends.

Entrepreneurship and innovation, of course, are not the same thing. Yet even if American innovation is fundamentally sound, there remains the more unsettling problem of how narrowly its fruits are shared. If you want to know why the Senate is on the verge of passing a bill punishing China for its trade practices, look no further than this fact: Apple, Google, Facebook and Amazon collectively employ just 113,000 people, a third of GM’s payroll in 1980. Naturally, as Adam Smith pointed out long ago, the sole purpose of production is consumption, so one should not scoff at the benefits these companies create for Americans in their other role as consumers rather than workers. And in truth, technological advancement has probably done far more than trade to hollow out the middle class and widen inequality. Slapping China with punitive tariffs is more likely to trigger a trade war than restore millions of middle-class jobs.

But this is not a message that resonates with voters, or Congress. Both suspect that globalisation has done far more to benefit companies’ shareholders and their bankers than rank-and-file workers. That is the conviction of the people now occupying Wall Street, even if they lack coherent plans for dealing with it. And one can't blame them for suspecting the administration’s motives when its ambassador to China delivers a speech that so prominently takes up the cause of American credit-card companies. Of course, Visa and Mastercard are as deserving of government support in foreign markets as any metal-bending company; but they only employ 12,600 people worldwide.

It would be unfair to lay this all at the feet of American politicians: widening inequality and the decline of middle-class manufacturing jobs is a global phenomenon that vexes governments everywhere. Yet this does not excuse American governance for making matters worse. There are lots of things it could do to improve the ability of and incentives for American companies and workers to innovate and grow, whether it’s taxing fossil fuels, giving more green cards to foreign scientists and engineers or simplifying the tax code. These days, however, that seems a fantasy compared to more prosaic demands such as, don’t shut down the government, starve critical government agencies of funds or default on the national debt. If America is going to hold on to its technological mojo, it needs all the help it can get.’

>

9 things you didn’t know about the life of Steve Jobs  ‘For all of his years in the spotlight at the helm of Apple, Steve Jobs in many ways remains an inscrutable figure — even in his death. Fiercely private, Jobs concealed most specifics about his personal life, from his curious family life to the details of his battle with pancreatic cancer — a disease that ultimately claimed him on Wednesday, at the age of 56.

While the CEO and co-founder of Apple steered most interviews away from the public fascination with his private life, there's plenty we know about Jobs the person, beyond the Mac and the iPhone. If anything, the obscure details of his interior life paint a subtler, more nuanced portrait of how one of the finest technology minds of our time grew into the dynamo that we remember him as today.

1. Early life and childhood
Jobs was born in San Francisco on February 24, 1955. He was adopted shortly after his birth and reared near Mountain View, California by a couple named Clara and Paul Jobs. His adoptive father — a term that Jobs openly objected to — was a machinist for a laser company and his mother worked as an accountant.

Later in life, Jobs discovered the identities of his estranged parents. His birth mother, Joanne Simpson, was a graduate student at the time and later a speech pathologist; his biological father, Abdulfattah John Jandali, was a Syrian Muslim who left the country at age 18 and reportedly now serves as the vice president of a Reno, Nevada casino. While Jobs reconnected with Simpson in later years, he and his biological father remained estranged.

2. College dropout
The lead mind behind the most successful company on the planet never graduated from college, in fact, he didn't even get close. After graduating from high school in Cupertino, California — a town now synonymous with 1 Infinite Loop, Apple's headquarters — Jobs enrolled in Reed College in 1972. Jobs stayed at Reed (a liberal arts university in Portland, Oregon) for only one semester, dropping out quickly due to the financial burden the private school's steep tuition placed on his parents.

In his famous 2005 commencement speech to Stanford University, Jobs said of his time at Reed: "It wasn't all romantic. I didn't have a dorm room, so I slept on the floor in friends' rooms, I returned coke bottles for the 5 cent deposits to buy food with, and I would walk the seven miles across town every Sunday night to get one good meal a week at the Hare Krishna temple."

3. Fibbed to his Apple co-founder about a job at Atari
Jobs is well known for his innovations in personal computing, mobile tech, and software, but he also helped create one of the best known video games of all-time. In 1975, Jobs was tapped by Atari to work on the
Pong-like game Breakout.

He was reportedly offered $750 for his development work, with the possibility of an extra $100 for each chip eliminated from the game's final design. Jobs recruited Steve Wozniak (later one of Apple's other founders) to help him with the challenge. Wozniak managed to whittle the prototype's design down so much that Atari paid out a $5,000 bonus — but Jobs kept the bonus for himself, and paid his unsuspecting friend only $375, according to Wozniak's own autobiography.

4. The wife he leaves behind
Like the rest of his family life, Jobs kept his marriage out of the public eye. Thinking back on his legacy conjures images of him commanding the stage in his trademark black turtleneck and jeans, and those solo moments are his most iconic. But at home in Palo Alto, Jobs was raising a family with his wife, Laurene, an entrepreneur who attended the University of Pennsylvania's prestigious Wharton business school and later received her MBA at Stanford, where she first met her future husband.

For all of his single-minded dedication to the company he built from the ground up, Jobs actually skipped a meeting to take Laurene on their first date: "I was in the parking lot with the key in the car, and I thought to myself, 'If this is my last night on earth, would I rather spend it at a business meeting or with this woman?' I ran across the parking lot, asked her if she'd have dinner with me. She said yes, we walked into town and we've been together ever since."

In 1991, Jobs and Powell were married in the Ahwahnee Hotel at Yosemite National Park, and the marriage was officiated by Kobin Chino, a Zen Buddhist monk.

5. His sister is a famous author
Later in his life, Jobs crossed paths with his biological sister while seeking the identity of his birth parents. His sister, Mona Simpson (born Mona Jandali), is the well-known author of
Anywhere But Here — a story about a mother and daughter that was later adapted into a film starring Natalie Portman and Susan Sarandon.

After reuniting, Jobs and Simpson developed a close relationship. Of his sister, he told a New York Times interviewer: "We're family. She's one of my best friends in the world. I call her and talk to her every couple of days.'' Anywhere But Here is dedicated to "my brother Steve."

6. Celebrity romances
In
The Second Coming of Steve Jobs, an unauthorized biography, a friend from Reed reveals that Jobs had a brief fling with folk singer Joan Baez. Baez confirmed the the two were close "briefly," though her romantic connection with Bob Dylan is much better known (Dylan was the Apple icon's favorite musician). The biography also notes that Jobs went out with actress Diane Keaton briefly.

7. His first daughter
When he was 23, Jobs and his high school girlfriend Chris Ann Brennan conceived a daughter, Lisa Brennan Jobs. She was born in 1978, just as Apple began picking up steam in the tech world. He and Brennan never married, and Jobs reportedly denied paternity for some time, going as far as stating that he was sterile in court documents. He went on to father three more children with Laurene Powell. After later mending their relationship, Jobs paid for his first daughter's education at Harvard. She graduated in 2000 and now works as a magazine writer.

8. Alternative lifestyle
In a few interviews, Jobs hinted at his early experience with the psychedelic drug LSD. Of Microsoft founder Bill Gates, Jobs said: "I wish him the best, I really do. I just think he and Microsoft are a bit narrow. He'd be a broader guy if he had dropped acid once or gone off to an ashram when he was younger."

The connection has enough weight that Albert Hofmann, the Swiss scientist who first synthesized (and took) LSD, appealed to Jobs for funding for research about the drug's therapeutic use.

In a book interview, Jobs called his experience with the drug "one of the two or three most important things I have done in my life." As Jobs himself has suggested, LSD may have contributed to the "think different" approach that still puts Apple's designs a head above the competition.

Jobs will forever be a visionary, and his personal life also reflects the forward-thinking, alternative approach that vaulted Apple to success. During a trip to India, Jobs visited a well-known ashram and returned to the U.S. as a Zen Buddhist.

Jobs was also a pescetarian who didn't consume most animal products, and didn't eat meat other than fish. A strong believer in Eastern medicine, he sought to treat his own cancer through alternative approaches and specialized diets before reluctantly seeking his first surgery for a cancerous tumor in 2004.

9. His fortune
As the CEO of the world's most valuable brand, Jobs pulled in a comically low annual salary of just $1. While the gesture isn't unheard of in the corporate world  — Google's Larry Page, Sergey Brin, and Eric Schmidt all pocketed the same 100 penny salary annually — Jobs has kept his salary at $1 since 1997, the year he became Apple's lead executive. Of his salary, Jobs joked in 2007: "I get 50 cents a year for showing up, and the other 50 cents is based on my performance."

In early 2011, Jobs owned 5.5 million shares of Apple. After his death, Apple shares were valued at $377.64 — a roughly 43-fold growth in valuation over the last 10 years that shows no signs of slowing down.

He may only have taken in a single dollar per year, but Jobs leaves behind a vast fortune. The largest chunk of that wealth is the roughly $7 billion from the sale of Pixar to Disney in 2006. In 2011, with an estimated net worth of $8.3 billion, he was the 110th richest person in the world, according to Forbes. If Jobs hadn't sold his shares upon leaving Apple in 1985 (before returning to the company in 1996), he would be the world's fifth richest individual.

While there's no word yet on plans for his estate, Jobs leaves behind three children from his marriage to Laurene Jobs (Reed, Erin, and Eve), as well as his first daughter, Lisa Brennan-Jobs.’

            -----

 

Did LSD help make Steve Jobs more creative? — Slate { I’d say ‘causation’ (cause/effect) becomes problematic here; a ‘chicken and egg’ kind of thing that in the realm of Kantian philosophy would be considered a noumenon; quite possibly even misconstrued by Jobs himself in an overly humble, somewhat self-effacing kind of way, ignoring his innate abilty, brilliance. }  [ That Steve Jobs was great for having literally saved Apple Computer from extinction, there is no question and I’ve previously eulogized him accordingly, ‘pre-death’ (my first computer was an AppleIIc in 1986). Yet, for every story as his, the Beatles (my favorite band all-time, along with the Classical Greats), etc., I can relate a multitude of stories of tragedy, disaster, including one of a quite brilliant lad I worked with – summer job – who expounded on the benefits of LSD expanding one’s mind {repeatedly recommending I try it – I didn’t- never did} was accepted at Columbia Law School, and while hitchhiking while high in mind-expansion-mode walked into a mack truck thereby expanding his mind (and body) all over the roadway, etc..] 

 

 

 

Home ownership: Biggest drop since Great Depression The percentage of Americans who owned their homes has seen its biggest decline since the Great Depression, according to the U.S. Census Bureau.

 

 

The impact of phony short-squeeze rallies — Ritholtz  http://www.ritholtz.com/blog/2011/10/the-mmpact-of-phoney-short-squeezes

Stock investors may take days to distinguish real news from noise, according to Federal Reserve Bank of New York.

http://www.ritholtz.com/blog/wp-content/uploads/2011/10/1007chart.jpg

This is especially true these days, given false announcements of bailouts, Fed interventions and rescues. They tend to cause fake short squeezes that temporarily spike markets, only to see them ultimately head lower.

To get a closer look of noise on markets, the FFRBNY studied how UAL’s stock moved in September 2008. At the time, a “six-year-old report on the company’s bankruptcy filing appeared online and was treated as a new story.”

David Wilson of Bloomberg has the details:

“UAL, which later became United Continental Holdings Inc., plunged as much as 76 percent on Sept. 8, 2008, in response to the error. While UAL’s loss narrowed to 11 percent by the close of trading, the shares fell the next two days before rebounding.

“Residual effects attributable to the false news shock” lasted for seven trading days, the researchers wrote this week in a blog posting on the New York Fed’s website. The effect is at odds with the efficient-market hypothesis, which holds that share prices reflect all publicly available data on a company.

To identify the time period, they estimated where UAL’s shares would have traded if the outdated report hadn’t surfaced. The projection was derived from the performance of the Standard & Poor’s 500 Index, the Bloomberg World Airlines Index and crude oil during the period. The posting by economists Carlos Carvalho, Nicholas Klagge and Emanuel Moench was based on a report they published in May 2009 and revised in June. Carvalho, who teaches economics at the Pontifical Catholic University of Rio de Janeiro, worked at the New York Fed when the research was originally done. His two co- authors are still there.

Given every twitch of the market over tales of EU/ECB action, German banks bailing out Italy, or anything related to Greece, it is interesting to see how traders behave relative to false announcements.’

 

IMF to Propose New Short-Term Credit Lines Oct 7th, 2011 News (The Wall Street Journal) — The International Monetary Fund is crafting a proposal to offer new short-term credit lines to governments to prevent the spread of global financial crises, senior IMF and finance officials say.The program has the tentative backing of key world financial leaders who are expected to approve the new lending tool at the coming meetings of the Group of 20 industrialized and developing economies, according to three senior officials from G-20 countries. [source] PG View: Yes! Absolutely! More credit, more debt is the answer to the global debt crisis.

 

U.S. Bank Exposure to Europe Could Be $640 Billion, Per Congressional Paper Oct 7th, 2011 News (The Wall Street Journal) — U.S. bank exposure to the European debt crisis is estimated at $640 billion, nearly 5% of total U.S. banking assets, according to recent research papers written for Congress.While U.S. Treasury Secretary Timothy Geithner says the U.S. banking sector’s vulnerability to the euro zone problems is “very limited,” the Congressional Research Service estimate is one of the first public assessments provided by the U.S. government that quantifies the potential risks.According to two different reports provided to federal lawmakers last month, the debt problems of Greece, Ireland, Portugal, Italy, and Spain constitute a ”serious risk” to the European banking system, particularly German, French, and U.K. banks, which have close ties to U.S. banks. Markets believe there’s a very high likelihood Greece will default in the coming weeks. That could cause a cascade of other crises throughout Europe…The estimate doesn’t include U.S. bank exposure to European bank portfolios that include assets in the weak member countries. Also, it doesn’t account for euro-zone assets held by money market, pension, and insurance funds.[source]PG View: Geither’s sense of reality seems to have been distorted by all the absolutely huge numbers bandied about in recent years. Does he really view $640 bln is “very limited?” The Congressional Research Service goes on to say that, “depending on the exposure of non-bank financial institutions and exposure through secondary channels, U.S. exposure to Greece and other euro-zone countries could be considerably higher.” What exactly does “considerably higher” mean? Is it twice the $640 bln? More?

 

Fitch cuts Italy, Spain ratings, outlook negative Oct 7th, 2011 News (Reuters) source]

 

Is U.S. a Third-World Nation? Oct 7th, 2011 News (The Wall Street Journal) — [ YES! ]Author Michael Lewis says the U.S. and many European nations suffered a moral failure that led to economic collapse. PG View: Supposed first world countries — including the US — hid risk, which was consequently mispriced, leading to crisis.

World facing worst financial crisis in history, Bank of England Governor says Oct 7th, 2011 News (The Telegraph) — ..This is the most serious financial crisis we’ve seen, at least since the 1930s, if not ever. We’re having to deal with very unusual circumstances, but to act calmly to this and to do the right thing.” [source]

Banking Delusion Brings Crisis to Europe’s Core Oct 7th, 2011 News (Bloomberg-BusinessWeek) — Once upon a time, like this summer, Dexia SA, the French-Belgian bank, was stable. By the measures global regulators deem important, its capital ratio stood at 11.4 percent of risk-weighted assets, according to data compiled by Bloomberg. That’s well above the 10 percent regulators plan to require of the world’s largest banks under new international rules.What a difference a summer makes. The Belgian and French governments now have a complicated mess on their hands. Dexia, which had received a government bailout in 2008..[source]

 

 

 

Euro Plunges On Fitch Double Tap, Comments From Merkel Fail Fitch Portugal

‘Chinabot is in full fail mode, after a sticksave attempt to save the currency following the Italian downgrade by Fitch was monkeyhammered with the Spanish downgrade which was not only two notches, but sent the country's rating to below that of S&P and Moodys. Adding fuel to the fire is an errant comment from Merkel who has said that Eurobonds are "absolutely the wrong way to go", and lastly, a last minute notification from Fitch which goes for Trifecta by saying that Portugal remains on outlook negative..

And Spain... Fitch Downgrades Spain To Aa- From Aa+, Two Notch Cut, Outlook Negative Baseline Scenario Budget Deficit default European Central Bank Fitch France Gross Domestic Product International Monetary Fund ratings recovery Unemployment Volatility

Fitch Downgrades Italy To A+, Outlook Negative Budget Deficit default European Central Bank Eurozone Fitch France Greece Gross Domestic Product International Monetary Fund Ireland Italy Portugal ratings Sovereign Risk Sovereign Risk Volatility

As Dexia Nationalization Rumors Spread, A Compression Trade May Be In Order Belgium CDS Flight to Safety France Gross Domestic Product International Monetary Fund Nationalization Reality .. Belgium itself blows up. ..

Market Snapshot: Dispersion Rising As EU Financials Underperform Precious Metals Price Action ..why are we still rallying? ..

Hedge Fund Pound-O-Rama: Full Performance Update Through Month End

Well, a month end update only for those funds who still report their P&L to HSBC. Others, such as Paulson, apparently deem it below them to post an update when they are doing less than swell, shall we say. In other news, redemptions will continue until morale improves.

"Your Alpha Is Burning" - Fighting Greek Fire with Fire: Volatility, Correlation, and Truth Bear Market Brazil Central Banks default Equity Markets Federal Reserve Recession Sovereign Debt Switzerland Volatility

From the mind that brought you the Great Vega Short comes the next masterpiece on liquidity, volatility, contagion and everything else. "Volatility is change and the world is changing. The truth is that Greece will default. The truth is that if our leaders continue to deny our problems history tells us the US will eventually default. These shocking events will hurt many people, markets will collapse, life savings will be lost, there will be violence, upheaval, and massive political change ..

PrimeX - The Time For The Next "Subprime Trade" Has Come ABX Prime Alt-A Barclays Black Swan Fitch fixed Housing Market Kyle Bass Markit Morgan Stanley Paolo Pellegrini Precious Metals ratings Real estate Reality recovery

 

Several years ago Paolo Pellegrini, Kyle Bass, Michael Burry and several other visionaries were well ahead of the conventional wisdom groupthink curve by not only sensing that the housing market was massively overvalued and riding on the crest of a huge leverage bubble .. the world is fretting about Europe, Morgan Stanley, lack of decisive political decision-making in a pseudo union of 17 different countries, lack of decisive monetary intervention, a Chinese hard landing and everything else that makes front pages these days, slowly our prediction is starting to come true. But you won't hear about it anywhere else, because if the market understands that in addition to a global solvency crisis, America has another Subprime contagion on its hands actually being expressed in the markets as we type, and potentially costing banks, pension funds and various asset managers billions in losses behind the scenes, that may well be the last straw.

 

Inventories Miss As Non-Durables Drops Most Since Sep09 Wholesale Inventories

The headline wholesale inventories number missed +0.6% expectations, rising only 0.4% (from 0.8% prior) with its lowest build since Nov 2010. Under the covers though, non-durables were the most troublesome - unless of course the spin is that a falling inventory implies future growth as inventories 'have' to be rebuilt, right? Non-durables inventories dropped 0.6% - its biggest drop since Sep 2009.

US Needs To Generate 261,200 Jobs Per Month To Return To Pre-Depression Employment By End Of Obama Second Term HIGHER UNEMPLOYMENT Unemployment

 

Rounding Error, Short Squeeze, And Cost Of Recap AIG American International Group Bad Bank Bond CDS Creditors default Double Dip Price Action Reality Verizon

The rally has been strong across many products, but once again has all the signs of a short squeeze rally. ..

Average Duration Of Unemployment Rises To New All Time High Unemployment

 

As noted previously, one key fly in the ointment in an otherwise better than expected jobs report (in which the participation rate also trended higher for a welcome change) was the manufacturing jobs data, which declined by 13,000. Perhaps at the end of the day this is the most important data point, since while declining government jobs at the end of the day is a good thing, government workers don't actually create anything of value for the economy. And as the chart below demonstrates, the long term trend is certainly not our friend. The second "fly", and the one that will certainly be used as a talking point by politicians, was the average unemployment duration. At 40.5 weeks, it just hit a new all time record.

Summarizing Wall Street's Reaction To The NFP Data Recession recovery Reuters Unemployment Verizon Yen

As usual, Reuters is the first with a compilation of Wall Street's gut reaction to the NFP data.

 

September NFP Prints At 103,000, Beats Consensus, Even As U-6 Comes At Highest Since December 2010, Manufacturing Jobs Lost

So much for the recession? September NFP prints at 103,000 on expectations of 60,000, with August revised to 57,000 from that roulette busting double zero. The unemployment rate held at 9.1 percent, as expected. From the report: "The increase in employment partially reflected the return to payrolls of about 45,000 telecommunications workers who had been on strike in August.. real unemployment, U6, printed up from 16.2% to 16.5%, the highest since December 2010.

 

Goldman Comes To Margin Stanley's "Defense" As It Is Now Actively Selling MS Calls, Buying Short Term CDS CDS

The bank that was selling Dexia shares to its clients all the way down (Goldman Cuts Dexia From Buy To Neutral On Imminent Restructuring And Winddown) and which has the uncanny ability to align its own trading desk with an event's "outcome", at the expense of clients of course, has just done it again. As of this morning it is actively selling Margin Stanley calls to whoever is still left as a client. From a just released report: "Buy calls for a likely relief rally on earnings; sell short-dated CDS as fear falls." Now... just who are these clients buying calls from and selling CDS to?’

 

 

6 Reasons a Global Recession is Unavoidable  Ron DeLegge, October 5, 2011, ‘Most economists and Wall Street types are reluctant to publicly admit the global economy is in a recession. Their reams of conflicting data are sending mixed messages. But an honest look at key events and the behavior of financial markets solidifies the view that the global recession we're probably already in, is unavoidable. Let's analyze some of the reasons behind this.

1) The Fed is out of tricks. When it comes to manipulating financial markets in the name of economic security, nobody matches the Federal Reserve's prowess. Over the past few years, the Fed has engaged in financial gimmickry of such epic proportions that angry calls for ending its existence have been voiced from sea to shining sea. The Fed's Treasury purchases (POMO) and monetization of debt (quantitative easing), may have delayed the reckoning day, but have these programs really solved America's long-term problems? The Fed's latest shift from short-term to long-term debt (Operation Twist) is tantamount to taking money from your right hand pocket and putting it into your shirt pocket. The Fed is running out of time and out of tricks. Ben Bernanke has finally admitted what the general public has known all along; the job situation is a 'national crisis.'

2) Stock market says we're already in a recession.The National Bureau of Economic Research (NBER) and its leading economists still deny the U.S. economy is in a recession. Apparently, their slide rulers haven't yet confirmed it, so they need a few more quarters before issuing a press release. Meanwhile, the stock market, which is a leading indicator of economic activity, is screaming 'recession.' Large company stocks within the S&P 500 (NYSEArca: SPY - News) have fallen almost 18% since July. Bulls argue this is still shy of the 20% threshold that confirms a bear market, but even so, mid cap stocks (NYSEArca: MDY - News) and small caps (NYSEArca: IWM - News) have already entered bear territory. Today's stock prices reflect expectations about future earnings, which in turn are connected to the future state of the economy. Expectations are rightfully low.

3) Greece has set the tone for Europe (and maybe the rest of the world).How many financial targets will Greece continue to miss before forecasters stop regurgitating its false numbers? When will Greece stop embarrassing itself with financial projections it knows aren't true? Greece's 2011 deficit was projected to be 8.5% of its GDP but came in almost 1.69 billion above its original targets. Next year, Greece is aiming for a deficit that's 6.8% of GDP. With the country engulfed in civil protests, job strikes and general chaos - how realistic are its 2012 projections? Financial bets for Greece to succeed are a long-shot. The country's economic projections are no longer based upon realistic assumptions, but hopes for garnering more bailout money and calming hostile markets. Ultimately, Greece is merely a reflection of the entire EU region - a place where financial aspirations don't match reality.

4) Bear funds are leading performers.The two-year period from March 2009 to March 2011 was a difficult existence for bear market funds. After bottoming at decade lows, the stock market skyrocketed and bear funds got clobbered.  But not anymore. Bear funds are investments that, by design, increase in value when the underlying benchmarks they track decline. Now with the stock market swooning, bear funds are posting huge gains. Over the past three months, Direxion's 3x daily leveraged bear ETFs for large cap stocks (NYSEArca: BGZ - News) is ahead by 42.97%, mid cap stocks (NYSEArca: MWN - News) is up 58.30% and small caps (NYSEArca: TZA - News) is up by 49.76%. Reversing this ominous trend, especially when key technical levels have been pierced, won't be easy.

5) Major asset classes are in correlation.During a bear market, the correlation between asset classes typically jumps and this is exactly the case right now. Over the past few months, commodities (NYSEArca: GCC - News), global real estate stocks (NYSEArca: RWO - News), precious metals (NYSEArca: GLTR - News), international stocks (NYSEArca: EFA - News), and U.S. stocks (NYSEArca: SCHB - News) have all moved in the same general direction by recording sizable losses. Even gold (NYSEArca: IAU - News) and silver (NYSEArca: SLV - News), which previously escaped the wrath of losses, have joined the party. And only cash and bonds (NYSEArca: AGG - News) are bucking the correlation trend. 

6) Pace of sovereign downgrades is accelerating.We don't advocate putting implicit faith in credit ratings, because history has taught us they are nothing more than financial opinions and frequently, not very accurate ones. Still, a gander at the latest downgrading trend is troublesome. Intuitive observers will note, this is not an isolated phenomenon, but a global trend. Sovereign debt from Greece and Portugal, after several downgrades, is now rated junk. Ireland has been downgraded and Italy was just downgraded by Moody's to A2 with a negative outlook. Japan, along with U.S. debt was lowered in August and another wave of more downgrades is coming, so get used to it. 

Conclusion

Investing in an economically stifled climate requires patience, diligence, and forethought. Following the herd mentality guarantees nothing more than mediocrity and making kneejerk financial decisions is an excellent way to lose money. ETFguide's Profit Strategy ETF Newsletter continues to advocate a fiercely independent view of world events, financial markets, and the proper allocation of money. Ultimately, having an investment strategy that can perform during any kind of market is a good start. ‘ 

 

Consumer Spending Slumps In September, Index Showsat Forbes

 

U.S. stocks' massive "melt-up" fans investor fears Reuters October 5, 2011, By Edward Krudy NEW YORK (Reuters) - In less than one hour on Tuesday, the U.S. stock market surged by 4 percent -- for no apparent reason.The last hour of trading was the most volatile final hour in two months -- and it occurred at a speed that frightens many, from experienced hedge-fund managers to mom-and-pop investors.The late-day "melt-up" that pushed the S&P 500 index (^SPX - News) out of bear-market territory might be construed as good news. But it brings back echoes of the "flash crash" that saw markets dive by several hundred points in a matter of minutes, and it's a big reason many are staying away from the market."Everyone is scared in both ways -- the shorts are scared, the longs are scared, everyone is scared. The high-net-worth investor is very, very scared," said Stephen Solaka, managing partner at Belmont Capital Group in Los Angeles, which manages money for independent wealth advisers and family offices.Tuesday's move was the latest example of an erratic, high-octane stock market increasingly driven by levered exchange traded funds and complicated hedging and options strategies that unwind with dizzying speed.It's a far cry from when the U.S. stock market was viewed as a place for capital-raising by businesses seeking to expand and a place for investors looking to put their savings to work."It tends to result in some market participants feeling like the market is uninvestable. It's not good for mutual funds or hedge funds," said Michael Marrale, head of sales trading at RBC Capital Markets in New York.The ostensible reason for Tuesday's move was an article published late in the day on the Financial Times website quoting the EU's commissioner for economic affairs, Olli Rehn, saying a plan was being worked out to recapitalize the region's troubled banking sector.But Reuters reported similar comments earlier in the day, and Rehn's comments struck some people as covering old ground. Ken Polcari, a veteran of the NYSE floor at ICAP Equities, found the reasoning insufficient."There is no clarity -- 'no formal decision' -- just more speculation, more rumors, and more innuendo," he said of the FT article.

WHAT WENT DOWN

Traders, analysts and investors interviewed by Reuters cited a number of factors, many of them technical, and linked to big positions around the 1100 level on the S&P 500…

BLAST-OFF AT 1,100

The S&P climbed steadily between 3 p.m. and 3:30 p.m., but once it broke through 1,100, the gains accelerated, as the average rose 1 percent in the span between 3:39 p.m. and 3:45 p.m.

For Joe Donohue, money manager at Dimension Trading in Red Bank, New Jersey, the speed of the reversal was a classic sign of automated algorithmic trading.

"I didn't know the move was for real until about 3:40 to 3:45, when my machine just lit up green like a Christmas tree," he said. "That's when you know there's algo buying dictating the market. It certainly wasn't individual buyers."

Donohue's response was to close out short positions and buy a triple-leveraged long exchange traded fund that magnifies the performance of the Russell 2000 (Chicago Options:^RUT - News) three times.

The Direxion Daily Small Cap Bull 3X Shares (Pacific:TNA - News), which had its busiest day of trading in history on Tuesday, rocketed nearly 20 percent into the close. That ETF, along with the Proshares Ultrashort S&P 500 ETF (Pacific:SDS - News), another leveraged ETF, are now often among the top 25 traded issues on U.S. exchanges.

"Program trading and algorithmic trading was the cause," said Donohue. "We're seeing moves in a half hour that used to take weeks. Obviously we were very oversold technically before, and essentially we had a 'melt-up' that was helped by the algo trading that just went off buying."…’

 

Moody’s Cuts Italy’s Credit RatingWall St. Cheat Sheet

 

Who Will Recapitalize the Recapitalizers? [ Gutenberg of course! Well, just indirectly, historically speaking; the printing press, that is. The ‘recapitalizer’, brought back to life in the pervasively corrupt, defacto bankrupt america; bringing home once more that historic ‘Weimar dollar’, ubiquitously now worldwide. Sounds like a plan! Straight from planning / design room for the u.s.s. Titanic! ] The Wall Street Journal  Paul Vigna “Recapitalizing” European banks (the preferred euphemism for bailout, apparently) in order to stabilize them in the face of “haircuts” on sovereign debt (the preferred euphemism for losses, obviously) through a facility like the EFSF risks a spiral that will make the bailouts more difficult to fund.Capital Economics economist John Higgins writes today that the bank recapitalization plan that has the market so excited is “unlikely to draw a line under the crisis.”A recapitalization would allow banks to withstand a bigger haircut on Greek debt. The trouble is that once Greece gets a bigger haircut, other sovereign borrowers will want one, too. That could get expensive in a hurry.The EFSF bailout fund could fill help weaker countries carry some of that burden, but that will get increasingly problematic.“The more the EFSF’s funds are used to recapitalize banks, the less it will have to provide official financing, or to intervene in the debt markets,” Mr. Higgins writes. “And the more the EFSF is expected to deploy its firepower in whatever capacity, the more investors will believe it will have to be leveraged, with the result that its own cost of borrowing could keep on rising.”



David Stockman: Blame The Fed! Sep 30th, 2011 News (ChrisMartenson.com) — ‘David Stockman, former US Representative and Director of the Office of Management and Budget under Reagan, does not mince words. He sees the monetary systems of the world coming apart.How did we get here? He identifies the root cause as the intentional over-leveraging of world economies by central planners in a misguided effort to enjoy growth without consequence…’

 

Gov't report: Fannie knew of 'robo-signing' in '03 - AP

 

After a Bad Q3, Markets Not Likely to Recover in Q4  Daryl Montgomery, October 3, 2011, ‘The third quarter of 2011 had the biggest drop and most volatility for stocks since 2009. The fourth quarter may not be much better since the cause of the problem is a new credit crisis and an emerging global recession. Both will continue to be a drag on the market.

 

Tomorrow's Tape: The Jean-Claude and Ben Show Wall Street JournalMark Gongloff  ‘ Economics:

 

Train Reading: That Explains Everythingat The Wall Street Journal 

China’s worsening credit crunch — Pragmatic Capitalism

The Occupy Wall Street protesters are winning — Josh Brown

The gap between economic data and sentiment — Abnormal Returns

Recession, restructuring and the ring fence — John Hussman

 

Marc Faber's October Outlook: Forget EU Debt Crisis, A China Meltdown Is The Real Threat http://www.bullfax.com/?q=node-marc-fabers-october-outlook-forget-eu-debt-crisis-china 10/03/2011 By Nathaniel Crawford:‘Marc Faber is out with the latest issue of his famous Gloom, Boom and Doom Report, which is always a must read for serious investors. Unlike most of the other talking heads, Faber has an excellent track record. He correctly predicted the top in the equity markets in Nov. 2007, and caught the bottom in March 2009, making his subscribers a lot of money. Here is a summary of his October 2011 report:Stocks--Yes, stocks are very oversold, but that does not mean they cannot go lower. The dreadful price action in both Copper and the Shanghai Composite points to new lows for the equity markets. After US stocks make a new low below 1100 on the S&P 500 (SPY), there could be a year-end rally followed by a more meaningful decline into 2012. Investors should use any bounce in stocks as an opportunity to reduce their equity exposure.’

 

WARNING: Corporate-Fascist Military Coup Brewing in the United States? Tony Cartalucci | Beware of pretenders supplied by the establishment to “save us” from collapsing system.


 

Prophets Of Doom: 12 Shocking Quotes From Insiders The Economic Collapse Oct 1, 2011 ‘We are getting so close to a financial collapse in Europe that you can almost hear the debt bubbles popping.  All across the western world, governments and major banks are rapidly becoming insolvent.  So far, the powers that be are keeping all of the balls in the air by throwing around lots of bailout money.  But now the political will for more bailouts is drying up and the number of troubled entities seems to grow by the day.  Right now the western world is facing a debt crisis that is absolutely unprecedented in world history.  Europe has had a tremendously difficult time just trying to keep Greece afloat, and several much larger European countries are now on the verge of a major financial crisis.  In addition, there is a growing number of very large financial institutions all over the western world that are also rapidly approaching a day of reckoning.  The global financial system is a sea or red ink, and when we get to the point where there are hundreds of ships going under how is it going to be possible to bail all of them out?  The quotes that you are about to read show that quite a few top financial and political insiders know that things cannot hold together much longer and that a horrific economic crisis is coming.  We built the global financial system on a foundation of debt, leverage and risk and now this house of cards that we have created is about to come tumbling down.

A lot of people in politics and in the financial world know what is about to happen.  Once in a while they will even be quite candid about it with the media.

As I have written about previously, Europe is on the verge of a financial collapse.  If things go really badly, things could totally fall apart in a few weeks.  But more likely it will be a few more months until the juggling act ends.

Right now, the banking system in Europe is coming apart at the seams.  Because the global financial system is so interconnected today, when major European banks start to fail it is going to have a cascading effect across the United States and Asia as well.

The financial crisis of 2008 plunged us into the deepest recession since the Great Depression.

The next financial crisis could potentially hit the world even harder.

The following are 12 shocking quotes from insiders that are warning about the horrific economic crisis that is almost here….

#1 George Soros: “Financial markets are driving the world towards another Great Depression with incalculable political consequences. The authorities, particularly in Europe, have lost control of the situation.”

#2 PIMCO CEO Mohammed El-Erian: “These are all signs of an institutional run on French banks. If it persists, the banks would have no choice but to delever their balance sheets in a very drastic and disorderly fashion. Retail depositors would get edgy and be tempted to follow trading and institutional clients through the exit doors. Europe would thus be thrown into a full-blown banking crisis that aggravates the sovereign debt trap, renders certain another economic recession, and significantly worsens the outlook for the global economy.”

#3 Attila Szalay-Berzeviczy, global head of securities services at UniCredit SpA (Italy’s largest bank): “The only remaining question is how many days the hopeless rearguard action of European governments and the European Central Bank can keep up Greece’s spirits.”

#4 Stefan Homburg, the head of Germany’s Institute for Public Finance: “The euro is nearing its ugly end. A collapse of monetary union now appears unavoidable.”

#5 EU Parliament Member Nigel Farage: “I think the worst in the financial system is yet to come, a possible cataclysm and if that happens the gold price could go (higher) to a number that we simply cannot, at this moment, even imagine.”

#6 Carl Weinberg, the chief economist at High Frequency Economics: “At this point, our base case is that Greece will default within weeks.”

#7 Goldman Sachs strategist Alan Brazil: “Solving a debt problem with more debt has not solved the underlying problem. In the US, Treasury debt growth financed the US consumer but has not had enough of an impact on job growth. Can the US continue to depreciate the world’s base currency?”

#8 International Labour Organization director general Juan Somavia recently stated that total unemployment could “increase by some 20m to a total of 40m in G20 countries” by the end of 2012.

#9 Deutsche Bank CEO Josef Ackerman: “It is an open secret that numerous European banks would not survive having to revalue sovereign debt held on the banking book at market levels.”

#10 Alastair Newton, a strategist for Nomura Securities in London: “We believe that we are just about to enter a critical period for the eurozone and that the threat of some sort of break-up between now and year-end is greater than it has been at any time since the start of the crisis”

#11 Ann Barnhardt, head of Barnhardt Capital Management, Inc.: “It’s over. There is no coming back from this. The only thing that can happen is a total and complete collapse of EVERYTHING we now know, and humanity starts from scratch. And if you think that this collapse is going to play out without one hell of a big hot war, you are sadly, sadly mistaken.”

#12 Lakshman Achuthan of ECRI: “When I call a recession…that means that process is starting to feed on itself, which means that you can yell and scream and you can write a big check, but it’s not going to stop.”

*****

In my opinion, the epicenter of the “next wave” of the financial collapse is going to be in Europe.  But that does not mean that the United States is going to be okay.  The reality is that the United States never recovered from the last recession and there are already a lot of signs that we are getting ready to enter another major recession.  A major financial collapse in Europe would just accelerate our plunge into a new economic crisis.

If you want to read something that will really freak you out, you should check out what Dr. Philippa Malmgren is saying.  Dr. Philippa Malmgren is the President and founder of Principalis Asset Management.  She is also a former member of the Bush economic team. You can find her bio right here.

Malmgren is claiming that Germany is seriously considering bringing back the Deutschmark.  In fact, she claims that Germany is very busy printing new currency up.  In a list of things that we could see happen over the next few months, she included the following….

“The Germans announce they are re-introducing the Deutschmark. They have already ordered the new currency and asked that the printers hurry up.”

This is quite a claim for someone to be making.  You would think that someone that used to work in the White House would not make such a claim unless it was based on something solid.

If Germany did decide to leave the euro, you would see an implosion of the euro that would be truly historic.

 

But as I have written about previously, it should not surprise anyone that theend of the euro is being talked about because the euro simply does not work.

The only way that the euro would have had a chance of working is if all of the governments using the euro would have kept debt levels very low.

Unfortunately, the financial systems of the western world are designed to push governments into high levels of debt.

The truth is that the euro was doomed from the very beginning.

Now we are approaching a day of reckoning.  We have been living in the greatest debt bubble in the history of the world, but the bubble is ending.  There are several ways that the powers that be could handle this, but all of them will lead to greater financial instability.

In the end, we will see that the debt-fueled prosperity that the western world has been enjoying for decades was just an illusion.

Debt is a very cruel master.  It will almost always bring more pain and suffering than you anticipated.

It is easy to get into debt, but it can be very difficult to get out of debt.

There is no way that the western world can unwind this debt spiral easily.

The only way that another massive economic crisis can be put off for even a little while would be for the powers that be to “kick the can down the road” a little farther by creating even more debt.

But in the end, you can never solve a debt problem with more debt.

The next several years are going to be an incredibly clear illustration of why debt is bad.

When the dominoes start to fall, we are going to witness a financial avalanche which is going to destroy the finances of millions of people.

You might want to try to get out of the way while you still can.’

 

IMF: World economy enters 'dangerous new phase'  Christopher S. Rugaber, AP Economics Writer, On Tuesday September 20, 2011, WASHINGTON (AP) – ‘The world economy has entered a "dangerous new phase," according to the chief economist of the International Monetary Fund. As a result, the international lending organization has sharply downgraded its economic outlook for the United States and Europe through the end of next year.

The IMF expects the U.S. economy to grow just 1.5 percent this year and 1.8 percent in 2012. That's down from its June forecast of 2.5 percent in 2011 and 2.7 percent next year.

To achieve even that still-low level of growth, the U.S. economy would need to expand at a much faster rate in the second half of the year than its 0.7 percent annual pace in the first six months.

Most economists expect growth of between 1.5 percent and 2 percent in the final two quarters. Though an improvement, it wouldn't be enough to lower the unemployment rate. The rate has been 9 percent or higher in all but two months since the recession officially ended more than two years ago.

"The global economy has entered a dangerous new phase," said Olivier Blanchard, the IMF's chief economist. "The recovery has weakened considerably. Strong policies are needed to improve the outlook and reduce the risks."

The IMF has also lowered its outlook for the 17 countries that use the euro. It predicts 1.6 percent growth this year and 1.1 percent next year, down from its June projections of 2 percent and 1.7 percent, respectively.

The gloomier forecast for Europe is based on worries that euro nations won't be able to contain their debt crisis and keep it from destabilizing the region.

"Markets have clearly become more skeptical about the ability of many countries to stabilize their public debt," Blanchard said. "Fear of the unknown is high."

Overall, the IMF predicts global growth of 4 percent for both years. Stronger growth in China, India, Brazil and other developing countries should offset weaker output in the United States and Europe.

Financial turmoil and slow growth are feeding on each other in both the United States and Europe, IMF officials say. Europe's debt crisis is causing banks to reduce lending and hold onto cash. Sharp stock market drops in the United States over the summer have hurt consumer and business confidence and will likely reduce spending. That slows growth, which leads many investors to shift money out of stocks and into safer investments, such as Treasury bonds.

In Europe, slower growth will make it harder for stressed nations to get their debt under control.

U.S. and European policymakers must act more decisively to cut budget deficits, the IMF said.

European banks need to boost their capital buffers more quickly and beyond new minimum levels set to come into force in 2019, the IMF said.

European banks have seen their stocks slide sharply this summer on fears that their exposure to the government debt of shaky countries like Greece could result in big losses.

Having extra capital would bolster confidence in the banking sector and shield Europe's economy from the impact of jitters in financial markets.

The U.S. economy faces longer-lasting problems that go beyond high gas prices and disruptions caused by the Japan crisis, the IMF said.

Employers are adding few jobs and giving out meager pay raises. Many homeowners owe more on their mortgages than their homes are worth. Banks are keeping credit tight.

All those trends are holding back consumer spending. Unemployment is likely to average 9 percent next year, the IMF's report said, echoing a recent estimate by the Obama administration.

President Barack Obama's proposal to cut taxes and spend more on infrastructure should provide much-needed short-term stimulus, the IMF said. But it needs to be paired with a longer-term plan to reduce the deficit over, the report said. The timing of the budget cuts is key, Blanchard said.

Budget cuts "cannot be too fast or it will kill growth," Blanchard said in a statement. "It cannot be too slow or it will kill credibility."

President Obama on Monday proposed more than $3 trillion of tax increases and spending cuts over 10 years. His proposal will be considered by a congressional panel charged with finding $1.5 trillion in deficit reduction this year.

Both Obama's jobs proposal and the tax increases face stiff opposition from Republicans. They oppose any tax increases and have strongly criticized the president's plans.

The 187-member nation fund conducts economic analysis and lends money to countries in financial distress. It will hold its annual meetings with the World Bank later this week in Washington.

Associated Press Writer Gabriele Steinhauser contributed to this report from Brussels.’

 

Low Interest Rates: Perma-Expectations No More at Minyanville 

 

Wall St. Cheat Sheet: Italy Gets Axed, Netflix in Free Fall, Housing Starts Drop Wall St Cheat Sheet  September 20, 2011, ‘The Dow Jones Industrial Average   and U.S. stocks are in the green after Wall Street suddenly got more confident Greece will get aid and Ben Bernanke will be forced to add more welfare, I mean stimulus, to the economy.Standard & Poor’s  cut Italy’s credit rating  late Monday by one level to A from A+, citing weak economic growth and criticizing Rome’s response to the debt crisis. Italian Prime Minister Silvio Berlusconi responded, saying that the move was influenced by “political considerations” and media stories rather than economic reality. While more  building permits  in the U.S. were authorized in August than in July,  housing starts and completions  both declined last month

 

A Fed IOER Cut Could Backfire on Banks, Warns Pimco at The Wall Street Journal

 

Low Interest Rates: Perma-Expectations No More at Minyanville Howard Simons Sep 20, 2011 ‘Regarding interest rates, one major difference between the US and Japan is that their perma-expectations started to disappear in a rising short-term rate environment; US rates have yet to rise. All of the recent news surrounding Steve Jobs’ departure from Apple prompted me to remark, “He has a strange opportunity to read his own obituary.” For the most part, he would have to be pleased at all of the genuine praise heaped on him.

This prompted me to wonder about what I would want on my tombstone other than, “He should’ve known better.” One candidate could be, “He used the word ‘swaption’ on a popular website and got away with it.” I did; most recently in a discussion of the Federal Reserve’s credibility to keep on doing the incredible, keeping interest rates near zero through 2013 (see Is FOMC's Pledge to Keep Short-Term Interest Rates Low Until 2013 Believable?).

Forward Rates When the Future Is Now

Can the swaption conclusion be confirmed by another indicator? Yes; let’s return to a thread last updated in December 2010 (see Is This the End of the Money-Printing Era?) on the relationship between the forward rates between six and nine months and the actual three-month rate as it arrives six months later. If the gap between expectation and reality is high, it means the market has been fooled again in its expectations that low short-term interest rates must be headed in one direction, higher. The opposite has been observed in practice, too; markets can incorrectly price in expectations for low short-term rates and get whacked upside the head by reality.

Where are we today? The expectations gap, marked with roseate columns, is shrinking, although it is still at levels unprecedented until the adoption of zero interest rate policies (ZIRP) in December 2008. This is the same thing as saying forward rates are in the process of declining to levels that will be matched by actual three-month rates six months from now. If you are keeping track of these months by counting on your fingers, we see you.

http://image.minyanville.com/assets/FCK_Jan2011/Image/JimE/Simongraph1.jpg

The chart above uses weekly data. Let’s go down to daily data for the period following the end of QE1. Two dates are marked, one when the debt ceiling debate in July was taking the ominous course toward default and one just after the August FOMC meeting. Both developments put the market on course toward accepting that low rates were going to be here for awhile; the intractable federal debt can be serviced only at low levels without doing something really, really stupid like cutting out-of-control spending.

http://image.minyanville.com/assets/FCK_Jan2011/Image/JimE/Simongraph2.jpg

Where To Now?

Japan has had a much longer experience with these low rates and one attempt, between November 2005 and July 2006, to start moving away from them. One major difference between the U.S. and Japan here is that their perma-expectations started to disappear in a rising short-term rate environment; our rates have yet to rise. Still, the Japanese attempt failed as the hint of higher interest rates caused yen carry trades to start unwinding around the world. Once low interest rates become embedded in an economy, they are very hard to increase without stress.

Despite the failures of QE1 and QE2 and the impending failure of whatever they announce next, the Federal Reserve has convinced itself they are doing something right. How would “They never learned from their mistakes” look on their tombstone?’

 

 

Is This the End of the Money-Printing Era?  Howard Simons Dec 01, 2010 ‘If monetary stimulus ends and we start recognizing losses rather than trying to roll them forward, we can lay the foundation for a new era of prosperity. [Note the date and hence Simons’ wisdom! Yet, the postponement / delay has substantially impaired that ‘prosperity part’ going forward.]

  ‘Of all the negative human emotions, the feeling you have been had is one of the worst. We all have heard the adage, “Fool me once, shame on you; fool me twice, shame on me,” and if I had a nickel for every time I have heard “Won’t Get Fooled Again,” both former President Bush and I would have a lot of nickels.

Well, it is red-face time: Even though the Federal Reserve has been on a mission-from-wad since August 17, 2007, the date when they executed a premarket rate cut in the target federal funds rate, to 6.00%, and even though they had already executed QE1 and were three months away from hinting at QE2, they managed to drive short-term interest rates unexpectedly low by the end of July. This is after I wrote, Short-Term Interest Rates No Longer Unexpectedly Low in May.

Let’s update that piece in light of what I have to admit was, in technical terms, a pretty good stunt on their part. First, a review: If we take the forward rate of LIBOR between six and nine months (FR6,9); that is, the rate at which we can lock in borrowing for three months starting six months from now, we have the market’s hedgeable measure of where rates will be. I cannot emphasize strongly enough that this is not an interest rate forecast, but a rate at which two parties can do business and presumably both make a profit given this locked-in rate. This can be compared to what the actual three-month rate was six months later.

That “expectations gap” is depicted in the roseate columns below. The December 2008 and March 2009 dates when the US first went to zero interest rates and quantitative easing, respectively, are marked with orange and violet vertical lines; both the July 30 and the last datum are highlighted with bright-red columns.

http://image.minyanville.com/assets/FCK_May2009/Image/LisaCatch%20September2010/plainsight.jpg

The chart above is done at a weekly frequency and is long-term to demonstrate how unusual the last two years have been in the ability of three-month rates to trade well below the market’s expectations from six months ago. Let’s shorten the time frame and move to a daily frequency.

http://image.minyanville.com/assets/FCK_May2009/Image/LisaCatch%20September2010/plainsight2.jpg

Two points are marked in black on this chart, one in mid-July when I identified the market’s demand for lower short-term interest rates and the August 27, 2010 date of Ben Bernanke’s Jackson Hole speech promising new asset highs if he could drive money to new lows.

The market took the bait, as we all know, and rallied strongly into the actual announcement of QE2 whereupon a large number of FOMC officials and foreign poo-bahs started wandering around like the somnambulant Lady Macbeth or Alec Guinness’ Colonel Nicholson in The Bridge on the River Kwai wondering, “What have I done?”

You counterfeited the US dollar to a fare-thee-well, that’s what you have done. Didn’t you think about this beforehand?

We have seen twice in the past two years how mainlining some high-grade monetary heroin can lead to higher returns for risky assets; this should be about as surprising as learning nitroglycerin can be noisy when handled improperly. Now that we are into QE2 and our friends in the European Monetary Union are about to reprise their May stunt of backstopping Greece by backstopping Ireland -- it will take them a long time to form a circle, sing kumbaya in their various languages and have each of the 16 members of the euro rescued in turn -- we have to wonder if we are at last at the end of the line for monetary stimulus. Methinks we are.

The implications are not as dire as they may sound. If the end of the printing-press era means we do what we should have started doing in 2007 -- recognizing losses rather than trying to roll them forward -- we can lay the foundation for a new era of prosperity. It would be the right thing to do.’

 

 

 

IMF Cuts Global Growth Outlook, Warns About U.S. Deficits, Euro Banks at Forbes  ‘The International Monetary Fund dialed back its outlook for the global economy Tuesday, and now projects worldwide growth of 4% in 2011 and 2012, down from 5% in 2010.

Some slowdown was anticipated, but the IMF expected it to come from an unwind of the unprecedented stimulus efforts launched to counteract the financial crisis over the last three years.  Instead, “a barrage of economic shocks in 2011 combined with other factors for a worse than anticipated outcome.”

Chief economist Olivier Blanchard warned that “strong policies are urgently needed to improve the outlook and to reduce the risks,” and the IMF said the economy is in “a dangerous new phase” marked by weaker activity and a sharp decline in confidence.

 

Gallery: The IMF’s 2012 Growth Forecast

Tuesday’s report comes as the Federal Reserve begins a two-day meeting at which Chairman Ben Bernanke is likely to meet resistance if he pushes for further intervention along the lines of additional Treasury purchases, following an August meeting that saw three dissents from the central bank’s decision to target a 0% benchmark interest rate until mid-2013.

Meanwhile, European leaders are still trying to find a solution that will keep Greece from defaulting and keeping the debt crisis outside of core Europe. (See “Europe Needs A TARP.”)

One could be forgiven if it seems like pundits and policymakers are talking out of both sides of their mouth, urging further aid for scuffling economies while at the same time preaching that countries need to get religion on long-term debts.

Gallery: The IMF’s 2012 Growth Forecast

The IMF offered its view on the forceful actions that policymakers in developed economies should undertake:

• In the euro area, banks must be made stronger, not only to avoid deleveraging and maintain growth, but also, and more importantly, to reduce risks of vicious feedback loops between low growth, weak sovereigns, and weak banks. This requires additional capital buffers, from either private or public sources.

• The top priorities in the United States include devising a medium-term fiscal consolidation plan to put public debt on a sustainable path and to implement policies to sustain the recovery, including by easing the adjustment in the housing and labor markets. The new American Jobs Act would provide needed short-term support to the economy, but it must be flanked with a strong medium-term fiscal plan that raises revenues and contains the growth of entitlement spending.

• In Japan, the government should pursue more ambitious measures to deal with the very high level of public debt while attending to the immediate need for reconstruction and development in the areas hit by the earthquake and tsunami.

The updated forecast anticipates U.S. growth of just 1.5% in 2011 and 1.8% in 2012, with euro area growth of 1.6% this year falling to 1.1% next year. Emerging and developing economies will also grow slower than previously anticipated, but remain the workhorses of global growth, the IMF anticipates. China is expected to grow at a better than 9% clip this year and next, while Brazil is expected to maintain annual growth better than 3.5%.

Gold shot higher on the IMF’s sober growth outlook, adding $24.50 to $1,803.40 an ounce. U.S. stocks righted themselves after a choppy start, buy fell from their best levels of the day in the final hour of trade with the Dow Jones industrial average up 57 points to 11,458 and the S&P 500 2 points higher at 1,206. The Nasdaq slipped into the red, down 16 points, to 2,597.

Gallery: The IMF’s 2012 Growth Forecast

Financial stocks, a major drag on the market seemingly every time there is a negative headline out of Europe, sank as the broader market pulled back. Bank of America, JPMorgan Chase and Morgan Stanley surrendered earlier gains, while Wells Fargo and American Express held onto gains better than 1.75%.

http://blogs-images.forbes.com/steveschaefer/files/2011/09/IMF-Growth-Outlook.jpg  

 

 

Morning Snapshot  Sep 20th, 2011 08:32 by News (USAGOLD) — ‘..The IMF slashed both global and US growth expectations this morning: The IMF now believes the global economy will grow just 4% this year and next, a negative revision from their June estimates of 4.3% for 2011 and 4.5% next year. IMF cut its US growth forecasts to 1.5% for this year, versus 2.5% previously and 1.8% for 2012, versus 2.7% previously. The IMF’s confirmation of growth risks intensifies expectations that the Fed will be forced to offer additional accommodations when the 2-day FOMC meeting concludes tomorrow.

• US housing starts -5.0% to 571k pace in Aug, well below market expectations of 593k, vs negative revised 601k in Jul.
• Canada leading indicator flat in Aug, above market expectations of -0.1%, vs +0.1% in Jul.
• Canada wholesale trade +0.8% in Jul, just above expectations, vs flat in Jun.
• Switzerland trade balance CHF0.8 bln in Aug, vs 2.825 bln in Jul.
• Sweden GDP – Final (sa) revised down to 0.9% in Q2, just below market expectations, vs 1.0% previously.
• Italy industrial orders (sa) +1.8% m/m in Jul, vs 4.1% in Jun; 6.5% y/y.
• Germany PPI -0.3% m/m in Aug, below market expectations of 0.2%, vs 0.7% in Jul; 5.5% y/y.
• Germany ZEW economic sentiment falls to -43.3 in Sep, below market expectations, vs -37.6 in Jul; Current situation drops to 43.6 from 53.5.
• Japan leading index (revised) 2.6 m/m in Jul, vs 2.7 previously.’

 

 

Eurozone debt crisis threatens banks, rest of world: IMF Economic Times | The eurozone’s debt mountain poses a threat to the world economy.


 

 

America’s debt woe is worse than Greece’s Sep 21st, 2011 News (CNN) — Our government is utterly broke. There are signs everywhere one looks. Social Security can no longer afford to send us our annual benefit statements. The House can no longer afford its congressional pages. The Pentagon can no longer afford the pension and health care benefits of retired service members. NASA is no longer planning a manned mission to Mars. We’re broke for a reason. We’ve spent six decades accumulating a huge official debt (U.S. Treasury bills and bonds) and vastly larger unofficial debts to pay for Social Security, Medicare, and Medicaid benefits to today’s and tomorrow’s 100 million-plus retirees. The government’s total indebtedness — its fiscal gap — now stands at $211 trillion, by my arithmetic. [source]


$16 muffins, $8 coffee served in Justice audit

 

Holders of Sovereign Debt Sep 21st, 2011 News by Global Macro Monitor (CreditWritedowns.com) — Here’s a great chart just released by the International Monetary Fund. Note that almost half — 47 percent – of the US$14.7 trillion U.S. federal government debt is held by the Federal Reserve and the government itself, such as the Social Security trust fund. Add to that the 22 percent foreign official holdings (mainly central banks) and almost 70 percent of the debt of the U.S. government is held by non-market/non-profit oriented investors. Stunning! [source]
http://www.albertpeia.com/holders-of-sovereign-debt.jpg
PG View: I would argue that “non-market/non-profit oriented investors” own the vast majority of government debt, because the risk/reward ratios have been so grossly distorted by government and central bank interventions that real investors have no interest is such assets. And it sure looks like official efforts to continue mispricing risk are going to continue.

 

PIIGS Lifeline Rallies Stocks -- For Now Quentin Fottrell  { Greecy italy, ‘shitty italy’, says Bersusconi! How ‘bout a new name … ‘ShItaly’ [ just first page of google search ‘berlusconi, shitty italy’  About 231,000 results (0.15 seconds) ]: Berlusconi vows to leave 'shitty' Italy in conversation recorded by ...www.guardian.co.uk/world/2011/.../berlusconi-vows-leave-shitty-italy...

 

U.S. Household Worth Declines by $149 Billion Sep 16th, 2011 14:32 by News (Bloomberg) — ‘ Household wealth in the U.S. dropped in the second quarter for the first time in a year, hurt by falling share prices and declining home values.Net worth for households and non-profit groups decreased by $149 billion, a 1 percent drop at an annual pace, to $58.5 trillion, the Federal Reserve said today in its flow of funds report from Washington. It rose at a 7.4 percent rate in the previous three months. Housing wealth decreased for a fourth consecutive quarter from April to June. [source]

US taxpayers could be on hook for Europe bailout Sep 16th, 2011 13:01 by News (MSNBC) — The U.S. is coming to Europe’s financial rescue.So far, America’s role is fairly limited. But if the crisis continues to grow and the U.S. takes on a wider role, U.S. consumers and taxpayers could feel a bigger impact. The biggest exposure could come from America’s status as the single largest source of money for the International Monetary Fund.The latest round of American financial assistance came Thursday with a promise by the Federal Reserve to swap as many dollars for euros as European bankers need. In the short run, those transactions won’t have much impact because the central banks are simply swapping currencies of equal value. If the move helps avert a wider crisis, it could help spare the global economy from another recession.But over the long term, consumers could feel the impact of central bankers flooding the financial system with cash, according to John Ryding, chief economist at RDQ Economics.[source]

A Band-Aid for a cancer patient Sep 16th, 2011 12:48 by News (papermoneycollapse.com) — This was another hectic week for financial markets, and nerves were calmed somewhat over the past 24 hours with another liquidity injection from the central banks – this time the provision of dollars from the U.S. Fed channelled through a few other central banks, most importantly the ECB. This is certainly not a solution but again the doctoring of symptoms. Pumping ever more fiat money into the system to avoid – or rather postpone – a much needed recalibration will not solve the underlying malaise. Four years into the crisis the banks still need emergency funding. That is a damning indictment that financial structures are far from sustainable.…A default of Greece now appears very likely. This is a positive development. Positive as it points toward shrinkage – toward smaller debt, toward a smaller Greek state, toward an important lesson for banks: Don’t think that lending to the state is without risk!…The biggest risk to the euro is not a Greek default but the markets waking up to the bleak long-term outlook for the solvency of the core, Germany and France.…Thus, we will get some liquidation (Greek debt) but also some re-liquefying (big banks). It will not be the end of the euro – but not the end of the financial crisis either.[source]

PG View: I concur with this assessment. The contingency plan to protect the German banks is presumably in place. Liquidity lines have been established. Payment of the next bailout tranche for Greece has been forestalled until October. Seems like Greece is about to get pitched under the bus…

Consumer Hope for Future Hits Lowest Level Since 1980 Sep 16th, 2011 10:52 by News (CNBC). [source]

China to ‘liquidate’ US Treasuries, not dollars Sep 16th, 2011 10:21 by News By Ambrose Evans-Pritchard (The Telegraph) — The debt markets have been warned.A key rate setter-for China’s central bank let slip – or was it a slip? – that Beijing aims to run down its portfolio of US debt as soon as safely possible.“The incremental parts of our of our foreign reserve holdings should be invested in physical assets,” said Li Daokui at the World Economic Forum in the very rainy city of Dalian – former Port Arthur from Russian colonial days.“We would like to buy stakes in Boeing, Intel, and Apple, and maybe we should invest in these types of companies in a proactive way.”“Once the US Treasury market stabilizes we can liquidate more of our holdings of Treasuries,” he said.[source]

PG View: Out of US Treasuries and into more “physical assets.” Physical assets like gold perhaps?

Europe Ministers Rule Out Stimulus, Offer No Bank Aid Sep 16th, 2011 09:49 by News (Bloomberg) — ..

PG View: Basically, another meeting with no substantive moves to alter the course that Europe is on. There will be no fiscal stimulus. We’re going to defer any decision on Greece until next month, when the country will be once again on the precipice of default.



 

The Fed’s shadow TARP News by Sen. Jim DeMint August 31 (Politico) — ‘In the run-up to the financial crisis, the Federal Reserve fueled the housing bubble with its easy money policy. Now, we know that after the crisis struck, the Fed secretly propped up elite bankers all the way from Wall Street to Brussels to the Central Bank of Libya.A Bloomberg news investigation found that while the Treasury Department was pumping $700 billion into banks under the Troubled Asset Relief Program, the Fed was covertly operating its own bailout program – the biggest in American history. The Fed’s Shadow TARP issued $1.2 trillion in loans to domestic and foreign banks from 2007 to 2010, far more than Congress authorized Treasury to spend under TARP.…Congress eventually approved a partial audit that showed the Fed extended an incredible $16 trillion – more than the entire U.S. economy – in aggregate lending authority to foreign and domestic banks from the end of 2007 to the middle of 2010…After the second round of quantitative easing was announced, Chinese Vice Finance Minister Zhu Guangyao said America “does not recognize, as a country that issues one of the world’s major reserve currencies, its obligation to stabilize capital markets.”German Finance Minister Wolfgang Schaeuble was more blunt, calling the Fed “clueless.” [source]’

Global Recession Likely, Depression Possible: Economist  Aug 31st, 2011 by News (CNBC) — ‘Global recession in 2012 is “65 to 75 percent certain” and could deteriorate into a lengthy depression, Roger Nightingale, economist and strategist at RDN Associates, told CNBC.The peak rate of growth for the world’s economy occurred more than 12 months ago and “it carries on going down,” Nightingale said. “We are probably going into negative territory around spring of next year; it is not for certain, but that is the most likely scenario. I would say the recession is 65 percent, 75 percent certain.”The economist warned that should recession kick in, the global economy might be too weak to generate any GDP growth for years, or even decades.’

Morning Snapshot News August 31 (USAGOLD) — ‘Gold is modestly lower this morning, but still generally well bid amid rising expectations that the Fed is preparing to ease once again. The St. Louis Fed’s Bullard was hinted in the Japanese press that the Fed may indeed embark on QE3, depending on upcoming data. Bullard added a caveat, saying that it should be confirmed that inflation has eased first. These comments come on the heals of very dovish Fedspeak by Chicago Fed’s Evans on Tuesday.

Today’s weaker that expected ADP employment index may further temper expectations for Friday’s August nonfarm payrolls report. Consensus is running around +93k, following the +117k print for Jul. The unemployment rate is expected to remain unchanged at 9.1%.

• US ADP employment index rose 91k in Aug, below market expectations of 100k, vs negative revised 109k in Jul.
• Canada Q2 GDP -0.4%, below market expectations of +0.1%, vs +3.6% in Q1. GDP +0.2% in Jun, vs -0.3% in May.
• UK GfK consumer confidence fell to -31 in Aug, above market expectations of -33, vs -30 in Jul.
• Italy CPI – EU Harmonized (prelim) rose to 2.2% y/y in Aug; +0.3% m/m.
• Italy PPI rose to 4.7% y/y in Jul, vs 4.3% in Jun; +0.3% m/m.
• German retail sales unch m/m in Jul, better than market expectations of -2.0%, vs big downward revision to 4.5% in Jun; -1.6% y/y.
• German unemployment rate unchanged at 7.0% (sa) in Aug, in-line with expectations.
• Eurozone unemployment rate unchanged in Jul at 10.0%, above market expectations, vs upward revised 10.0% in Jun.
• South Korea industrial production +3.8% y/y in Jul, vs 6.5% in Jun.
• Japan industrial production (prelim) +0.6% m/m (sa) in Jul, well below market expectations, vs 3.8% in Jun.
• Japan Markit/JMMA PMI falls to 51.9 in Aug, vs 52.1 in Jul.
• Japan construction orders +5.7% y/y in Jul, vs +6.0% in Jun.

 

 

25 Signs That The Financial World Is About To Hit The Big Red Panic Button The Economic Collapse | Most of the worst financial panics in history have happened in the fall.  Wednesday, August 31, 2011

Most of the worst financial panics in history have happened in the fall.  Just recall what happened in 1929, 1987 and 2008.  Well, September 2011 is about to begin and there are all kinds of signs that the financial world is about to hit the big red panic button.  Wave after wave of bad economic news has come out of the United States recently, and Europe is embroiled in an absolutely unprecedented debt crisis.  At this point there is a very real possibility that the euro may not even survive.  So what is causing all of this?  Well, over the last couple of decades a gigantic debt bubble has fueled a tremendous amount of “fake prosperity” in the western world.  But for a debt bubble to keep going, the total amount of debt has to keep expanding at an ever increasing pace.  Unfortunately for the global economy, sources of credit are starting to dry up.  That is why you hear terms like “credit crisis” and “credit crunch” thrown around so much these days.  Without enough credit to feed the monster, the debt bubble is going to burst.  At this point, virtually the entire global economy runs on credit, so when this debt bubble bursts things could get really, really messy.

Nations and financial institutions would never get into debt trouble if they could always borrow as much money as they wanted at extremely low interest rates.  But what has happened is that lending sources are balking at continuing to lend cheap money to nations and financial institutions that are already up to their eyeballs in debt.

For example, the yield on 2 year Greek bonds is now over 40 percent.  Investors don’t trust the Greek government and they are demanding a huge return in order to lend them more money.

Throughout the financial world right now there is a lot of fear.  Lending conditions have gotten very tight.  Financial institutions are not eager to lend money to each other or to anyone else.  This “credit crunch” is going to slow down the economy.  Just remember what happened back in 2008.  When easy credit stops flowing, the dominoes can start falling very quickly.

 

Sadly, this is a cycle that can feed into itself.  When credit is tight, the economy slows down and more businesses fail.  That causes financial institutions to want to tighten up things even more in order to avoid the “bad credit risks”.  Less economic activity means less tax revenue for governments.  Less tax revenue means larger budget deficits and increased borrowing by governments.    But when government debt gets really high that can cause huge economic problems like we are witnessing in Greece right now.  The cycle of tighter credit and a slowing economy can go on and on and on.

I spend a lot of time talking about problems with the U.S. economy, but the truth is that the rest of the world is dealing with massive problems as well right now.  As bad as things are in the U.S., the reality is that Europe looks like it may be “ground zero” for the next great financial crisis.

At this point the EU essentially has three choices.  It can choose much deeper economic integration (which would mean a huge loss of sovereignty), it can choose to keep the status quo going for as long as possible by providing the PIIGS with gigantic bailouts, or it can choose to end of the euro and return to individual national currencies.

Any of those choices would be very messy.  At this point there is not much political will for much deeper economic integration, so the last two alternatives appear increasingly likely.

In any event, global financial markets are paralyzed by fear right now.  Nobody knows what is going to happen next, but many now fear that whatever does come next will not be good.

The following are 25 signs that the financial world is about to hit the big red panic button….

#1 According to a new study just released by Merrill Lynch, the U.S. economy has an 80% chance of going into another recession.

#2 Will Bank of America be the next Lehman Brothers?  Shares of Bank of America have fallen more than 40% over the past couple of months.  Even though Warren Buffet recently stepped in with 5 billion dollars, the reality is that the problems for Bank of America are far from over.  In fact, one analyst is projecting that Bank of America is going to need to raise 40 or 50 billion dollars in new capital.

#3 European bank stocks have gotten absolutely hammered in recent weeks.

#4 So far, major international banks have announced layoffs of more than 60,000 workers, and more layoff announcements are expected this fall.  A recent article in the New York Times detailed some of the carnage….

A new wave of layoffs is emblematic of this shift as nearly every major bank undertakes a cost-cutting initiative, some with names like Project Compass. UBS has announced 3,500 layoffs, 5 percent of its staff, and Citigroup is quietly cutting dozens of traders. Bank of America could cut as many as 10,000 jobs, or 3.5 percent of its work force. ABN Amro, Barclays, Bank of New York Mellon, Credit Suisse, Goldman Sachs, HSBC, Lloyds, State Street and Wells Fargo have in recent months all announced plans to cut jobs — tens of thousands all told.

#5 Credit markets are really drying up.  Do you remember what happened in 2008 when that happened?  Many are now warning that we are getting very close to a repeat of that.

#6 The Conference Board has announced that the U.S. Consumer Confidence Index fell from 59.2 in July to 44.5 in August.  That is the lowest reading that we have seen since the last recession ended.

#7 The University of Michigan Consumer Sentiment Index has fallen by almost 20 points over the last three months.  This index is now the lowest it has beenin 30 years.

#8 The Philadelphia Fed’s latest survey of regional manufacturing activity was absolutely nightmarish….

The survey’s broadest measure of manufacturing conditions, the diffusion index of current activity, decreased from a slightly positive reading of 3.2 in July to -30.7 in August. The index is now at its lowest level since March 2009

#9 According to Bloomberg, since World War II almost every time that the year over year change in real GDP has fallen below 2% the U.S. economy has fallen into a recession….

Since 1948, every time the four-quarter change has fallen below 2 percent, the economy has entered a recession. It’s hard to argue against an indicator with such a long history of accuracy.

#10 Economic sentiment is falling in Europe as well.  The following is from a recent Reuters article….

A monthly European Commission survey showed economic sentiment in the 17 countries using the euro, a good indication of future economic activity, fell to 98.3 in August from a revised 103 in July with optimism declining in all sectors.

#11 The yield on 2 year Greek bonds is now an astronomical 42.47%.

#12 As I wrote about recently, the European Central Bank has stepped into the marketplace and is buying up huge amounts of sovereign debt from troubled nations such as Greece, Portugal, Spain and Italy.  As a result, the ECB is alsomassively overleveraged at this point.

#13 Most of the major banks in Europe are also leveraged to the hilt and have tremendous exposure to European sovereign debt.

#14 Political wrangling in Europe is threatening to unravel the Greek bailout package.  In a recent article, Satyajit Das described what has been going on behind the scenes in the EU….

The sticking point is a demand for collateral for the second bailout package. Finland demanded and got Euro 500 million in cash as security against their Euro 1,400 million share of the second bailout package. Hearing of the ill-advised side deal between Greece and Finland, Austria, the Netherlands and Slovakia also are now demanding collateral, arguing that their banks were less exposed to Greece than their counterparts in Germany and France entitling them to special treatment. At least, one German parliamentarian has also asked the logical question, why Germany is not receiving similar collateral.

#15 German Chancellor Angela Merkel is trying to hold the Greek bailout deal together, but a wave of anti-bailout “hysteria” is sweeping Germany, and nowaccording to Ambrose Evans-Pritchard it looks like Merkel may not have enough votes to approve the latest bailout package….

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.

#16 Polish finance minister Jacek Rostowski is warning that the status quo in Europe will lead to “collapse“.  According to Rostowski, if the EU does not choose the path of much deeper economic integration the eurozone simply is not going to survive much longer….

“The choice is: much deeper macroeconomic integration in the eurozone or its collapse. There is no third way.”

#17 German voters are against the introduction of “Eurobonds” by about a 5 to 1 margin, so deeper economic integration in Europe does not look real promising at this point.

#18 If something goes wrong with the Greek bailout, Greece is financially doomed.  Just consider the following excerpt from a recent article by Puru Saxena….

In Greece, government debt now represents almost 160% of GDP and the average yield on Greek debt is around 15%. Thus, if Greece’s debt is rolled over without restructuring, its interest costs alone will amount to approximately 24% of GDP. In other words, if debt pardoning does not occur, nearly a quarter of Greece’s economic output will be gobbled up by interest repayments!

#19 The global banking system has a total of 2 trillion dollars of exposure to Greek, Irish, Portuguese, Spanish and Italian debt.  Considering how much the global banking system is leveraged, this amount of exposure could end up wiping out a lot of major financial institutions.

#20 The head of the IMF, Christine Largarde, recently warned that European banks are in need of “urgent recapitalization“.

#21 Once the European crisis unravels, things could move very rapidly downhill.  In a recent article, John Mauldin put it this way….

It is only a matter of time until Europe has a true crisis, which will happen faster – BANG! – than any of us can now imagine. Think Lehman on steroids. The U.S. gave Europe our subprime woes. Europe gets to repay the favor with an even more severe banking crisis that, given that the U.S. is at best at stall speed, will tip us into a long and serious recession. Stay tuned.

#22 The U.S. housing market is still a complete and total mess.  According to a recently released report, U.S. home prices fell 5.9% in the second quarter compared to a year earlier.  That was the biggest decline that we have seen since 2009.  But even with lower prices very few people are buying.  According to the National Association of Realtors, sales of previously owned homesdropped 3.5 percent during July.  That was the third decline in the last four months.  Sales of previously owned homes are even lagging behind last year’s pathetic pace.

#23 According to John Lohman, the decline in U.S. economic data over the past three months has been absolutely unprecedented.

#24 Morgan Stanley now says that the U.S. and Europe are “hovering dangerously close to a recession” and that there is a good chance we could enter one at some point in the next 6 to 12 months.

#25 Minneapolis Fed President Narayana Kocherlakota says that he is so alarmed about the state of the economy that he may drop his opposition to more monetary easing.  Could more quantitative easing by the Federal Reserve soon be on the way? …’

 

 

 

If We Punished Executives the Way China Does, We Wouldn't Have Any Left Minyanville Justin Rohrlich [ I think we should consider this approach, starting with the frauds on wall street, which of course in the sense of ‘all roads lead to’, will unearth other criminals deserving of such treatment since their corruption has had ‘life/death’ effects on the general populace through no fault of their own!] ‘Here in the United States, we've certainly gotten far more than we ever bargained for when it comes to corruption in the collective C-suite.

A few have been punished. Many have not. In China, though, they kill their Dennis Kozlowskis.

Yesterday, Li Hua, former chairman and general manager of the Sichuan division of China Mobile (CHL), was sentenced to death for accepting more than $2.5 million in bribes.

The Intermediate People’s Court in the southwestern city of Panzhihua handed down the verdict with a two-year reprieve, meaning if Li behaves himself, he could skate with a mere slap on the wrist -- life in prison.

The New York Times points out that the "same type of sentence was handed down last month for one of the company’s other former executives, Zhang Chunjiang, who once served as vice chairman of China Mobile,” which also included “the confiscation of his personal assets and the removal of his political rights.”

He was convicted of accepting more than $1.15 million in bribes while working at a series of state-run telecom companies from 1994 to 2009. At least six other executives from China Mobile are under investigation in corruption cases. (It may be worth noting that last week, China Mobile revealed that it “met several times with Steve Jobs to talk about Apple (AAPL) making an iPhone that would support its proprietary 3G standard." Currently, China Unicom (CHU) is the only carrier in China offering the device. )

When Chen Tonghai, former chairman of Sinopec (SNP), was sentenced to death for bribery in 2009, he was also granted a two-year reprieve after confessing to his crimes. According to state-run news service Xinhua, the court cut Chen a break of sorts, stating that for "crimes involving 'extremely large sums of money,' the suspects should be sentenced to death, but 'if they confess or contribute to the handling of relevant cases, they should not get an immediate death penalty in principle.'"

"Chen Tonghai's sentence is a result of people's court's criminal policies and reflects both severe punishment of corruption and the policy of tempering justice with mercy," Xinhua said.

But, Chinese justice lacks a particularly even hand. State-run news service Xinhua explains why certain executions are performed more hastily than others:

Corrupt officials, such as former vice-chairman of the Standing Committee of the National People's Congress Cheng Kejie who was executed in September 2000, former vice governor of Anhui Province Wang Huaizhong who was given a lethal injection in February 2004, and former food and drug administration head Zheng Xiaoyu, executed in July 2007, got immediate death sentences because they "refused to plead guilty" and their bribe-taking "caused extremely serious social impact.”


This spring, China revised the law, when authorities deemed 13 non-violent economic offenses to no longer be executable crimes, though Amnesty International called it "legal housekeeping," as the infractions were “all… seldom if ever punished by execution” to begin with.

Andrew Yang of the Laogai Research Foundation -- established in 1992 by Harry Wu, a democracy activist and survivor of the laogai, China’s system of forced-labor prison camps -- provided us with a translation of the official list (which just so happens not to include bribery):

And finally, simple “theft.”

However, the Chinese leadership doesn’t rely solely on the legal system to control the business community at large.

From Russell Lee Moses, writing for the Wall Street Journal’s China Real Time Report:

After weeks of taking jabs to the chin from an angry microblogging public, leading forces in the [Chinese Communist] Party have decided to punch back. Politburo member Liu Qi visited the Beijing offices of Sina.com’s (SINA) popular microblogging service Weibo earlier this week and impressed upon the staff there the need for “the Internet’s healthy development”—code words for staying away from topics which attack the rule of the Communist Party or hold officials up for public ridicule.

[…]

Liu’s strong-arm visit follows a series of admonitions in the Party media, warning journalists to get back into the government fold and to play the role of conveying to a skeptical society that cadres care.
The hardline view, expressed in a recent article posted in the “People’s Forum” run by the official People’s Daily, is that microblogging is best confronted, not by embracing it as a way for the public to supervise the Party, but by the Party’s “use [of] the mass media to tell the truth.”


By all accounts, corruption is so thoroughly ingrained in the operating culture of Chinese officialdom, the roles in this situation seem to be comically reversed.

“There is really no way to control the corruption among Chinese officials,” Yang told me in a telephone interview. “If bribery was not punishable by death, corrupt officials would be even bolder in grabbing the public’s wealth. And without a free press, the behavior of officials cannot be monitored, so corruption simply runs wild.”

James H. Zimmerman, Jr., Amnesty International's Country Specialist for China, says the execution of government officials for bribery “is fairly common.”

In an email message, Zimmerman pointed out that “most have been politically isolated, so they have no one coming to their defense.”

The majority of China’s citizenry certainly isn’t.

As explained by Teng Biao of China’s Economic Observer (and translated by Worldcrunch.com), “China is the global leader for the number of corrupt officials who are sentenced to death, and actually executed each year. But, judging by the seemingly endless ‘public demand’ for this kind of punishment and the surging popular anger, it would seem that there is actually not enough of it.”

And Joshua Rosenzweig, former senior researcher at the Di Hua Foundation, a human rights organization based in San Francisco and Hong Kong, told the Washington Post that “there still is a very strong sense that corrupt officials must die among the Chinese population at large. The revulsion for that offense is so strong that there would be a potential political cost to eliminating the death penalty for corruption."

Not altogether surprisingly, the specter of death doesn’t necessarily act as a deterrent.

In 2009, a six-year old schoolgirl in southern China was asked by a television reporter what she wanted to become when she grew up.

"When I grow up I want to be an official," she replied.

"What kind of official?" asked the interviewer.

"A corrupt official because corrupt officials have a lot of things," she said.’

 

 

 

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  Its 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 dont 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:

 

 

 

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.

#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.

#11) If S&P or Moody’s has the sack to downgrade the U.S. AAA rating, a Sovereign CDS default will be triggered and Global Financial Armageddon will be unleashed.

#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.

  1. 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
  2. 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.

  1. After the tech bub­ble: mon­e­tary pol­icy remained highly accom­moda­tive and gov­ern­ment stim­u­lus was aplenty
  2. 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:

  1. 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.
  2. Mon­e­tary pol­icy – here we have three poten­tial options.
    1. 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.
    2. 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.
    3. 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:

  1. 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.
  2. 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.
  3. When the peo­ple who make mis­takes do not pay for mis­takes, they keep mak­ing them…bigger and big­ger. Can you say “mort­gage back securities”?
  4. 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.
  5. 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:

  1. 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.
  2. We have wasted lots of cap­i­tal by sub­si­diz­ing unpro­duc­tive investments.
  3. We have delayed the process of cre­ative destruc­tion whereby unpro­duc­tive invest­ments are replaced by pro­duc­tive investments.
  4. 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.
  5. We must rebuild dili­gently, ratio­nally and delib­er­ately to ensure cap­i­tal real­izes its high­est and best use.
  6. Kick­ing the can down the road, Euro-style, only delays the inevitable and makes the prob­lem worse.
  7. 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,

 

 

 

 

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  

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/obamadeceptionhighqualityversion.flv    

 


http://www.albertpeia.com 

 

 

 

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  

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/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%.



Obama’s ratings sink to new lows - Public pessimism about the direction of the country has jumped to its highest level in nearly three years, erasing the sense of hope that followed President Obama’s inauguration and pushing his approv...

 

Obama Approval Hits Record Low Reuters | President Barack Obama’s job approval ratings plunged to a new low ahead of his major economic speech Thursday.

 

CIA lawyer says Obama administration backed and continued virtually all Bush-era programs Natural News | As he campaigned for the presidency in 2007 and 2008, then Sen. Barack Obama made clear there would be no torturing of terrorism suspects on his watch.

 

 

CIA, MI6 and Mossad: Together against Syria RT | The West is doing its best to destabilize the situation in Syria.

 

 

 

 

Russia Warns US, Israel against Attack on Iran Fars News Agency | Russian Foreign Minister Sergei Lavrov warned the US and Israel against an attack on Iran, cautioning that such a move would mean “a very serious mistake”.

 

Yes, Americans Will Be Targeted As Terrorists Under the NDAA Paul Joseph Watson & Alex Jones | Republican Congressman Amash warns that bill can be applied to U.S. citizens.

Exclusive: Government Activating FEMA Camps Across U.S. Kurt Nimmo and Alex Jones | Email reveals KBR call for bids to add services to internment camps.

 

 

Confirmed: ATF Plotted to Use Fast And Furious To Demonize Second Amendment Paul Joseph Watson | “ATF created the problem so they could be the solution to it”.

 

NBC News Content To Be Provided By Billionaire Obama, MoveOn Donors Steve Watson | Powerful special interests masquerading as partisan media.

 

Detention Camp Order Follows Preparations For Civil Unrest Paul Joseph Watson | KBR seeks sub-contractors to outfit “emergency environment” centers.

 

Exclusive: Government Activating FEMA Camps Across U.S. Kurt Nimmo and Alex Jones | Email reveals KBR call for bids to add services to internment camps.

 

 

Infowars Nightly News: Fast & Furious, the Second Amendment, and Corzine’s Testimony Kurt Nimmo | Alex also talks with the director of the Japanese American Citizens League about the NDAA.

 

Tip: National Guard Unit Stands Down After ‘Firing on Americans’ Questionnaire Oath Keepers.org | As-yet unconfirmed tip claims National Guard stand down of questionnaire about firing on Americans.

 

Police Try to Dissuade Elderly Woman From Defending Herself Against Home Invasion Kurt Nimmo | Not only are police incapable of protecting citizens, they have no duty to do so.

 

Could FBI’s New Definition of Rape Outlaw TSA Pat Downs? Paul Joseph Watson | New policy could serve as springboard for fresh legal challenge against federal agency.

 

MF Global Swindle: House Committee Not Likely to Play Hardball with Corzine Kurt Nimmo | Rumored Treasury Secretary too well connected for serious questions during House committee hearing.

 

Cancer? No Thanks: Half Of Americans Want X-ray Body Scanners Scrapped Steve Watson | Poll finds travelers would rather take on terrorists than risk exposure to radiation.

 

Forbes Op-ed Gives Glowing Endorsement of Ron Paul Kurt Nimmo | Is it possible some of the corporate elite have come around to the message of liberty and the Constitution?

 

Ron Paul Revolution Enters Crucial Countdown To Iowa Paul Joseph Watson | December 16 money bomb set to be biggest ever.

 

MF Global Swindle: House Committee Not Likely to Play Hardball with Corzine Kurt Nimmo | Rumored Treasury Secretary too well connected for serious questions during House committee hearing.

 

Police Try to Dissuade Elderly Woman From Defending Herself Against Home Invasion Kurt Nimmo | Not only are police incapable of protecting citizens, they have no duty to do so.

 

 

Ron Paul Revolution Enters Crucial Countdown To Iowa Paul Joseph Watson | December 16 money bomb set to be biggest ever.

 

Putin harks back to Cold War 20 years on AFP | [ Come on! Don’t be ridiculous! If this was one isolated incident, well, maybe. But the fact is this is unmistakably global american policy; albeit primative and yes, hearkening back to the cold war years, and conflicts, so longed for by the military industrial complex (and yes, the cia is part of that war mongering, chaos loving/creating nefarious entity – for maintaining/increasing budgets/corporate welfare).]  Accusations by Vladimir Putin that the United States is funding poll monitors to spark protests in Russia mark a return to the rhetoric of the Cold War.

 

Corzine Testimony: I don’t know where firm’s missing money is The Blaze | Jon Corzine plans to tell a House committee that he doesn‘t know the location of clients’ money that went missing from failed investment firm MF Global.

 

Economic Elites Strip Away European Sovereignty International Forecaster | 17 elites set to strip away European autonomy.

 

US Deploys Yet Another Warship To The Middle East Paul Joseph Watson | Three major aircraft carriers will be stationed in troubled region.

 

The Rest Of Europe Is Facing Either German Domination Or Financial Collapse The American Dream | It has now become very clear who dominates Europe.

 

 

 

Iowa pastor sends out anti-Gingrich video DES MOINES, Iowa (Reuters) - An evangelical pastor in Iowa sent state voters on Thursday a music video slamming Republican presidential candidate Newt Gingrich for his three marriages and admitted mar...

 

 

 

AP Exclusive: Inside Romania's secret CIA prison In northern Bucharest, in a busy residential neighborhood minutes from the heart of the capital city, is a secret the Romanian government has long tried to protect.

 

Bill Allows Military to Arrest, Permanently Detain, Torture, Kill American Citizens RT | Alex Jones discusses the dangerous implications of the National Defense Authorization Act, eliminating protections for American citizens.

New Amendments Introduced To Halt Indefinite Detention of Americans Paul Joseph Watson | Obama administration reaffirms support for state sponsored assassination of U.S. citizens.

Obama Lawyers: American Citizens Leigitmate Targets Of State Assassination Channels TV | Only the executive branch, not the courts, are equipped to make decisions about who qualifies as an enemy.

Chinese Government Official: ‘US Threat To Pakistan Is Threat To China’ Paul Joseph Watson & Yi Han | Chinese military prepares massive wargame exercise in Pakistan as response to build-up of U.S. troops.

Are Americans in Line for Gitmo? Ray McGovern | My wife will probably be told, in due course, where they’ve put me.

‘Occupy’ Protesters Listed As Domestic Terrorists Paul Joseph Watson | Demonstrators characterized in same context as Al-Qaeda, Colombian FARC.

Protesters March Against Bill That Could Designate Them Terrorists Paul Joseph Watson | Exercising First Amendment defined as “low-level terrorism” by DoD.

 

Iowa Poll: Only Ron Paul Can Beat Obama Steve Watson | Congressman proves he’s a “big cat” in the fight for GOP nomination. [ This is true! Why? Because ultimately the realization will set in that the other republican candidates are just more of the same, except that they’ll be inclined to give even more breaks to the 1% and military industrial complex (warned against by the great but substantially underrated President General Eisenhower) that got us to this forlorn point! ]

 

Donald Trump Dismisses Ron Paul as “Joke Candidate” Kurt Nimmo | Millions of Americans support Paul’s call for ending foreign aid. [ Yet it’s trump who is the big joke (which makes america look like a bigger joke)! He’s a caricature at best, and the joke that keeps on giving (SNL, etc.), and a government-protected mobster. ‘When they’re losing, they can afford to be principled’ says corrupt mobster trump regarding the snubbing of his ‘less than moderation’ of an upcoming debate in Iowa by the remaining principled GOP contenders. In reality, it’s actually ‘when you’re winning, you can afford to be principled’. But, in trump’s corrupt, sordid, sinkhole habitat, the former is indeed his truth. If you’re principled, you’re losing in trump’s rather surreal unreality. After all, pervasively corrupt and unprincipled america is indeed losing; and, big-time at that. That trump is a megalomaniac, a narcissist, and, yes … a loser, there is no question. Indeed, anyone who ‘wins’ unfairly (corruption, etc.) at others expense (ie., as does himself, the frauds on wall street, etc.) is a loser. Unfortunately, such modus operandi, including that which is criminal, has been accorded protection and respect in defacto bankrupt america, much like the ‘protected’ (bribes, etc.) common drug dealer (america, see infra), pimp, etc.. Then there’s the endearing (to a dumbed down american public) hype! That cloyingly cutesy ‘the donald’ routine is nauseating; but, that’s the natural, visible concomitant to a nation in ineluctable decline! On a positive note, megalomaniac trump will not be able to retread the path of his role model / idol Adolf Hitler as head of state. He’s really quite a joke when you think about it; and a mentally ill one at that; ask Steve Wynn, he’ll tell you, he’s already said it.

 

‘Pizza with palin’, ‘town hall of fame with Bachmann’, trump purports to be at least ‘alcohol free’ (the alleged cause – I don’t think so – of mobster trump’s elder brother’s suicide); but is he ‘med-free’? … there must be something to account for his madness (he’s a psychopath who used to play Hitler speeches for inspiration). Ron Paul Slams Trump, Joins Huntsman In Sitting Out ‘Circus-Like’ Debate Business Insider | The reality television star’s participation is “beneath the office of the Presidency.”

 

Trump to moderate GOP debate This wont end well. (Washington Post) [ Goes without saying… of all people to choose … Why not Jerry Springer?… ‘Non-celebrity Apprentice’, the new reality show, as in who scratches whose back for favors down the road, as in quid pro quo, as in trump’s continued ‘graduation’ from commonly mob connected, to new york/new jersey politically sordid sinkholes, to now failed washingtonian … ‘establishment’? Hasn’t trump’s rise coincided with the nation’s decline / demise? I’ve seen the corruption first hand! 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  

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/obamadeceptionhighqualityversion.flv  
 Does regulation really kill jobs? (Washington Post) [ Just those corruption-related ones; those organized crime, as well as disorganized crime jobs for which there’s plenty of ‘quid pro quo’, bribes, etc., to go around. Energy Dept. failed to act as Solyndra sank (WP) [ This stuff is becoming all too typical. I believe it’s time to start questioning what federal employees get paid for. After all, pervasively corrupt america is defacto bankrupt (  America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion ) . Moreover, america’s pervasive corruption, even crimes,  has become synonomous with the machinations of any number of federal agencies / departments / all branches of government  (ie., DOJ – holder/fast and furious/race bias UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...ignore cases that involve black defendants and white victims , Fannie / Freddie Mac , SEC destroyed documents, senator says 17 Aug 2011 ‘The Securities and Exchange Commission destroyed documents and compromised enforcement case ...   Sen.Grassley  “It doesn’t make sense that an agency responsible for investigations would want to get rid of potential evidence…’ Report: SEC lawyer exposed FBI informant (WP) [the sec liar (sic – lawyer) typically with a ‘pre or post’ arrangement, whether implicit or explicit; 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 murdered by mafia / organized crime [ this was documented with authority in ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman  ] SEC faulted over records shredding The SEC destroyed internal documents that should have been preserved as official federal records, the agency’s inspector general has found. (Washington Post) [ Oh, if it was only that, and only the SEC; and if only they did an incisive investigation of the DOJ. Sheriff: Fast and Furious Bigger Scandal Than Watergate   http://www.prisonplanet.com/sheriff-fast-and-furious-bigger-scandal-than-watergate.html   Paul Joseph Watson | Over two dozen Republicans call for Holder to resign. Though heavily redacted, the documents directly discuss “Operation Fast and Furious” and how it involves “trafficking firearms to Mexico”. Tuesday, November 1, 2011 . )That’s certainly my experience which comports with reality, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf       http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm       

 

Misreading the Fight over Military Detention: The Obama Regime Has No Constitutional Scruples Paul Craig Roberts | The amendment permits indefinite detention of US citizens by the US military.

 

 

‘I’m attracted to young people’: Shocking details in scandal of ‘delusional’ Sandusky Mail Online | Penn State paedophile Jerry Sandusky’s rabbit hole goes even deeper and darker than we thought

 

 

 

Iran says oil would go over $250 if exports banned Reuters | Iran warned any move to block its oil exports would more than double crude prices.

 

D.E.A. Launders Mexican Profits of Drug Cartels NY Times | Undercover American narcotics agents have laundered or smuggled millions of dollars in drug proceeds.

 

 

 

 

Romney visits former President George H.W. Bush [ How totally pathetic! How desperately pathetic romney the flip-flop is! ]

 

 

Woman “imprisoned” on Scientology cruise ship for 12 years { Scientology is such a total fraud, and founded by that fraudster/mental case l ron hubbard. In retrospect, fraud/mental infirmity is as american as ‘apple pie and mother-of-hoods’. } ‘...In an interview with the Australian Broadcasting Corporation's (ABC News) Lateline program, Paris claims that Church of Scientology leader David Miscavige sent her to the ship when she was 18 in order to prevent her family from pulling her out of the organization."I was basically hauled in and told that my mum had attacked the church and that I needed to disconnect from her because she was suppressive," she said. "He decided the ship, and I found out two hours before my plane left, I was woken up in the morning and I was sent to the ship for 'two weeks.' "Paris was born into a Scientology family, but her mother quit the group after her husband committed suicide, blaming Scientology for coercing him out of a self-made personal fortune of more than a million dollars.Instead of the promised two week stay, Paris found herself unable to leave the ship without an official Scientology escort and was often forced into hard labor on the lower levels of the ship for stretches as long as two full days. "It's hot, it's extremely loud, it's smelly, it's not nice. I was sent down there at first for 48 hours straight on almost no sleep and I had to work by myself," she said.So, why didn't Paris simply escape from the ship when it would take port? The Freewinds has a relatively small sailing route, traveling throughout the Caribbean and occasionally docking at small islands."I did not want to be there, I made it clear I did not want to be there and that was considered bad ethics, meaning it was considered not right," she said. "They take your passport when you go on the ship and you're in the middle of an island. So it's a bit hard [to escape] and by that time I was 18, I'd been in Scientology my whole life, it's not like I knew how to escape," she said…’

 

 

Ten Years Later, Enron Pales in Comparison

 

Horses could soon be slaughtered for meat in US Horses could soon be butchered in the U.S. for human consumption after Congress quietly lifted a 5-year-old ban on funding horse meat inspections, and activists say slaughterhouses could be up and running...{ Another ‘bullish’ sign for pervasively corrupt, defacto bankrupt America. ‘Soylent green’ just around the corner? [Things are looking very, very ominous: A good business for a bad economy Firms that keep foreclosed homes clean and secure are flourishing in these tough financial times.  (Washington Post) [ See … there you go … great times for the american optimist … who sees an opportunity in every calamity, the rainbow beyond every cloud, the glass half-full, etc.. Whew, close call … and we thought times were tough … and just when we thought everything’s now comin’ up roses, we find out that that ‘glue factory’ we thought was for horses is really a ‘soylent green’ (of the compelling film of the same name) factory. Ah, just kidding; but, the times are getting eerily sordid and desperate and there’ll be no real relief from the onslaught of reality prospectively. It’s really that bad in futuro. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock  Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock   Foreigners Sell Second Largest Amount Of US Bonds Ever In Past Week, Record $93 Billion In US Paper Sold In Past 2 Months Zero Hedge | Europe, and especially Germany has been just an active seller of sovereign bonds.]  }

 

 

30 Signs That The United States Of America Is Being Turned Into A Giant Prison The American Dream | If you live in the United States of America, you live in a giant prison where liberty and freedom are slowly being strangled to death. The American Dream Tuesday, November 29, 2011 'If you live in the United States of America, you live in a giant prison where liberty and freedom are slowly being strangled to death.  In this country, the control freaks that run things are obsessed with watching, tracking, monitoring and recording virtually everything that we do.  Nothing is private anymore.  Everything that you do on the Internet is being monitored.  All of your phone calls are being monitored.  In fact, if law enforcement authorities suspect that you have done something wrong, they will use your cell phone microphone to listen to you even when you think your cell phone is turned off.  In many areas of the country, when you get into your car automated license plate readers track you wherever you go, and in many major cities when you are walking on the streets a vast network of security cameras and “smart street lights” are constantly watching you and listening to whatever you say.  The TSA is setting up “internal checkpoints” all over the nation, Homeland Security is encouraging all of us to report any “suspicious activity” that our neighbors are involved in and the federal government is rapidly developing “pre-crime” technology that will flag us as “potential terrorists” if we display any signs of nervousness.  If you are flagged as a “potential terrorist”, the U.S. military can arrest you and detain you for the rest of your life without ever having to charge you with anything.  Yes, the United States of America is rapidly being turned into a “Big Brother” prison grid, and most Americans are happily going along with it. The sad thing is that this used to be “the land of the free and the home of the brave”.So what in the world happened?A fundamental shift in our culture has taken place.  The American people have eagerly given up huge chunks of liberty and freedom in exchange for vague promises of increased security.Our country is now run by total control freaks and paranoia has become standard operating procedure.We were told that the terrorists hate our liberties and our freedoms, and that we needed to fight the terrorists so that we could keep our liberties and our freedoms.But instead, the government keeps taking away all of our liberties and our freedoms.How in the world does that make any sense?Have the terrorists won?As a country, we have moved so far in the direction of communist China, the USSR and Nazi Germany that it is almost impossible to believe.Yes, turning the United States of America into a giant prison may make us all slightly safer, but what kind of life is this?Do we want to be dead while we are still alive?Is this the price that we want to pay in order to feel slightly safer?Where are the millions of Americans that still yearn to breathe free air?America is supposed to be a land teeming with people thirsting for independence.  For example, “Live Free or Die” is supposedly the official motto of the state of New Hampshire.But instead, the motto of most Americans seems to be “live scared and die cowering”.We don’t have to live like this.Yes, bad things are always going to happen.  No amount of security is ever going to be able to keep us 100% safe.We need to remember that a very high price was paid for our liberty and we should not give it up so easily.As one very famous American once said, when we give up liberty for security we deserve neither.

The following are 30 signs that the United States of America is being turned into a giant prison….

#1 A new bill that is going through the U.S. Senate would allow the U.S. military to arrest American citizens and hold them indefinitely without trial.  This new law was recently discussed in an article posted on the website of the New American….

In what may be a tale too bizarre to be believed by millions of Americans, the U.S. Senate appears ready to pass a bill that will designate the entire earth, including the United States and its territories, one all-encompassing “battlefield” in the global “war on terror” and authorize the detention of Americans suspected of terrorist ties indefinitely and without trial or even charges being filed that would necessitate a trial.

U.S. Senator Lindsey Graham is a big supporter of the bill, and he says that it would “basically say in law for the first time that the homeland is part of the battlefield”.

According to the PPJ Gazette, the following are three things that this new law would do….

1)  Explicitly authorize the federal government to indefinitely imprison without charge or trial American citizens and others picked up inside and outside the United States;

(2)  Mandate military detention of some civilians who would otherwise be outside of military control, including civilians picked up within the United States itself; and

(3)  Transfer to the Department of Defense core prosecutorial, investigative, law enforcement, penal, and custodial authority and responsibility now held by the Department of Justice.

#2 U.S. Senator Joe Lieberman is asking Google to install a “terrorist button” on all Blogger.com blogs so that readers can easily flag “terrorist content” for authorities.

#3 Most Americans have no idea how sophisticated the “Big Brother” prison grid has become.  For example, in Washington D.C. the movements of every single car are tracked using automated license plate readers (ALPRs).  The following comes from a recent Washington Post article….

More than 250 cameras in the District and its suburbs scan license plates in real time, helping police pinpoint stolen cars and fleeing killers. But the program quietly has expanded beyond what anyone had imagined even a few years ago.

With virtually no public debate, police agencies have begun storing the information from the cameras, building databases that document the travels of millions of vehicles.

Nowhere is that more prevalent than in the District, which has more than one plate-reader per square mile, the highest concentration in the nation. Police in the Washington suburbs have dozens of them as well, and local agencies plan to add many more in coming months, creating a comprehensive dragnet that will include all the approaches into the District.

#4 In some American schools, RFID chips are now being used to monitor the attendance and movements of children while they are at school.  The following is how one article recently described a program that has just been instituted at a preschool in California….

Upon arriving in the morning, according to the Associated Press, each student at the CCC-George Miller preschool will don a jersey with a stitched in RFID chip. As the kids go about the business of learning, sensors in the school will record their movements, collecting attendance for both classes and meals. Officials from the school have claimed they’re only recording information they’re required to provide while receiving  federal funds for their Headstart program.

#5 Increasingly, incidents of misbehavior at many U.S. schools are being treated as very serious crimes.  For example, when a little girl kissed a little boy at one Florida elementary school recently, it was considered to be a “possible sex crime” and the police were called out.

#6 But what happened to one very young student in Stockton, California earlier this year was even worse….

Earlier this year, a Stockton student was handcuffed with zip ties on his hands and feet, forced to go to the hospital for a psychiatric evaluation and was charged with battery on a police officer. That student was 5 years old.

#7 In the United States today, police are trained to respond to even the smallest crimes with extreme physical force.  For example, one grandfather in Arizona was recently filmed laying unconscious in a pool of his own blood after police rammed his head into the flood inside a Wal-Mart on Black Friday night.  It was thought that he was shoplifting, but it turns out that he says that he was just trying to tuck a video game away so other crazed shoppers would not grab it out of his hands.

#8 Did you know that the government actually sets up fake cell phone towers that can intercept your cell phone calls?  The following is how a recent Wired articledescribed these “stingrays”….

You make a call on your cellphone thinking the only thing standing between you and the recipient of your call is your carrier’s cellphone tower. In fact, that tower your phone is connecting to just might be a boobytrap set up by law enforcement to ensnare your phone signals and maybe even the content of your calls.

So-called stingrays are one of the new high-tech tools that authorities are using to track and identify you. The devices, about the size of a suitcase, spoof a legitimate cellphone tower in order to trick nearby cellphones and other wireless communication devices into connecting to the tower, as they would to a real cellphone tower.

The government maintains that the stingrays don’t violate Fourth Amendment rights, since Americans don’t have a legitimate expectation of privacy for data sent from their mobile phones and other wireless devices to a cell tower.

#9 U.S. border agents are allowed by law to search any laptop being brought into the United States without even needing any reason to do so.

#10 In the United States of America, everyone is a “potential terrorist”.  According to FBI Director Robert Mueller, “homegrown terrorists” represent as big a threat to American national security as al-Qaeda does.

#11 Most Americans are not that concerned about the Patriot Act, but that might change if they understood that the federal government has a “secret interpretation” of what the Patriot Act really means.  U.S. Senator Ron Wyden says that the U.S. government interprets the Patriot Act much more “broadly” than the general public does….

“We’re getting to a gap between what the public thinks the law says and what the American government secretly thinks the law says.”

#12 The FBI is now admittedly recording Internet talk radio programs all over the United States.  The following comes from a recent article by Mark Weaver of WMAL.com….

If you call a radio talk show and get on the air, you might be recorded by the FBI.

The FBI has awarded a $524,927 contract to a Virginia company to record as much radio news and talk programming as it can find on the Internet.

The FBI says it is not playing big brother by policing the airwaves, but rather seeking access to what airs as potential evidence.

#13 The federal government has decided that what you and I share with one another on Facebook and on Twitter could be a threat to national security.  According to a recent Associated Press article, the Department of Homeland Security will soon be “gleaning information from sites such as Twitter and Facebook for law enforcement purposes”.

#14 What you say on your cell phone is never private.  The truth is that that the FBI can demand to see your cell phone data whenever it wants.  In addition, according to CNET News the FBI can remotely activate the microphone on your cell phone and listen to whatever you are saying….

The FBI appears to have begun using a novel form of electronic surveillance in criminal investigations: remotely activating a mobile phone’s microphone and using it to eavesdrop on nearby conversations.

The technique is called a “roving bug,” and was approved by top U.S. Department of Justice officials for use against members of a New York organized crime family who were wary of conventional surveillance techniques such as tailing a suspect or wiretapping him.

#15 In some areas of the country, law enforcement authorities are pulling data out of cell phones for no reason whatsoever.  According to the ACLU, state police in Michigan are now using “extraction devices” to download data from the cell phones of motorists that they pull over.  This is taking place even if the motorists that are pulled over are not accused of doing anything wrong.

The following is how a recent article on CNET News described the capabilities of these “extraction devices”….

The devices, sold by a company called Cellebrite, can download text messages, photos, video, and even GPS data from most brands of cell phones. The handheld machines have various interfaces to work with different models and can even bypass security passwords and access some information.

#16 The federal government has become so paranoid that they have been putting GPS tracking devices on the vehicles of thousands of people that have not even been charged with committing any crimes.  The following is a short excerpt from a recent Wired magazine article about this issue….

The 25-year-old resident of San Jose, California, says he found the first one about three weeks ago on his Volvo SUV while visiting his mother in Modesto, about 80 miles northeast of San Jose. After contacting Wired and allowing a photographer to snap pictures of the device, it was swapped out and replaced with a second tracking device. A witness also reported seeing a strange man looking beneath the vehicle of the young man’s girlfriend while her car was parked at work, suggesting that a tracking device may have been retrieved from her car.

Then things got really weird when police showed up during a Wired interview with the man.

The young man, who asked to be identified only as Greg, is one among an increasing number of U.S. citizens who are finding themselves tracked with the high-tech devices.

The Justice Department has said that law enforcement agents employ GPS as a crime-fighting tool with “great frequency,”and GPS retailers have told Wired that they’ve sold thousands of the devices to the feds.

#17 New high-tech street lights that are being funded by the federal government and that are being installed all over the nation can also be used as surveillance cameras, can be used by the DHS to make “security announcements” and can even be used to record personal conversations.  The following is from a recent article by Paul Joseph Watson for Infowars.com….

Federally-funded high-tech street lights now being installed in American cities are not only set to aid the DHS in making “security announcements” and acting as talking surveillance cameras, they are also capable of “recording conversations,” bringing the potential privacy threat posed by ‘Intellistreets’ to a whole new level.

#18 If you choose to protest in the streets of America today, there is a good chance that you will be brutalized.  All over the United States law enforcement authorities have been spraying pepper spray directly into the faces of unarmed protesters in recent weeks.

#19 In many areas of the United States today, you will be arrested if you do not produce proper identification for the police.  In the old days, “your papers please” was a phrase that was used to use to mock the tyranny of Nazi Germany.  But now all of us are being required to be able to produce “our papers” for law enforcement authorities at any time.  For example, a 21-year-old college student named Samantha Zucker was recently arrested and put in a New York City jail for 36 hours just because she could not produce any identification for police.

#20 According to blogger Alexander Higgins, students in kindergarten and the 1st grade in the state of New Jersey are now required by law to participate “in monthly anti-terrorism drills”.  The following is an excerpt from a letter that he recently received from the school where his child attends….

Each month a school must conduct one fire drill and one security drill which may be a lockdown, bomb threat, evacuation, active shooter, or shelter-in place drill. All schools are now required by law to implement this procedure.

So who in the world ever decided that it would be a good idea for 1st grade students to endure “lockdown” and “active shooter” drills?

To get an idea of what these kinds of drills are like, just check out this video.

#21 With all of the other problems that we are having all over the nation, you would think that authorities would not be too concerned about little kids that are trying to sell cups of lemonade.  But sadly, over the past year police have been sent in to shut down lemonade stands run by children all over the United States.

#22 The federal government has decided to invest a significant amount of time, money and energy raiding organic farms.  The following example comes from Natural News….

It is the latest case of extreme government food tyranny, and one that is sure to have you reeling in anger and disgust. Health department officials recently conducted a raid of Quail Hollow Farm, an organic community supported agriculture (CSA) farm in southern Nevada, during its special “farm to fork” picnic dinner put on for guests — and the agent who arrived on the scene ordered that all the fresh, local produce and pasture-based meat that was intended for the meal be destroyed with bleach.

#23 It is an absolute disgrace that all of us (including grandmothers and young children) must either go through body scanners that reveal the intimate details of our naked bodies or endure “enhanced pat-downs” during which our genitals will be touched before we are allowed to get on an airplane.

It is also an absolute disgrace that the American people are putting up with this.

#24 Invasive TSA security techniques are not just for airports anymore.  Now, TSA “VIPR teams” are actively conducting random inspections at bus stations and on interstate highways all over the United States.  For example, the following comes from a local news report down in Tennessee….

You’re probably used to seeing TSA’s signature blue uniforms at the airport, but now agents are hitting the interstates to fight terrorism with Visible Intermodal Prevention and Response (VIPR).

“Where is a terrorist more apt to be found? Not these days on an airplane more likely on the interstate,” said Tennessee Department of Safety & Homeland Security Commissioner Bill Gibbons.

Tuesday Tennessee was first to deploy VIPR simultaneously at five weigh stations and two bus stations across the state.

TSA “VIPR teams” now conduct approximately 8,000 “unannounced security screenings” a year at subway stations, bus terminals, ports and highway rest stops.

#25 More than a million hotel television sets all over America are now broadcasting propaganda messages from the Department of Homeland Security promoting the “See Something, Say Something” campaign.  In essence, the federal government wants all of us to become “informants” and to start spying on one another constantly.  The following comes from an article posted by USA Today….

Starting today, the welcome screens on 1.2 million hotel television sets in Marriott, Hilton, Sheraton, Holiday Inn and other hotels in the USA will show a short public service announcement from DHS. The 15-second spot encourages viewers to be vigilant and call law enforcement if they witness something suspicious during their travels.

#26 Certain “types” of American citizens are being labeled as potential threats in official U.S. government documents.  An unclassified Department of Homeland Security report published a couple years ago entitled “Right-wing Extremism: Current Economic and Political Climate Fueling Resurgence in Radicalization and Recruitment” claims that a belief in Bible prophecy “could motivate extremist individuals and groups to stockpile food, ammunition and weapons.”  The report goes on to state that such people are potentially dangerous.

#27 Back on February 20, 2009, the State of Missouri issued a report entitled “MIAC Strategic Report: The Modern Militia Movement“.  That report warned that the following types of people may be potential terrorists….

*anti-abortion activists

*those that are against illegal immigration

*those that consider “the New World Order” to be a threat

*those that have a negative view of the United Nations

#28 As I have written about previously, a very disturbing document that Oath Keepers has obtained shows that the FBI is now instructing store owners to report many new forms of “suspicious activity” to them.  According to the document, “suspicious activity” now includes the following….

*paying with cash

*missing a hand or fingers

*”strange odors”

*making “extreme religious statements”

*”radical theology”

*purchasing weatherproofed ammunition or match containers

*purchasing meals ready to eat

*purchasing night vision devices, night flashlights or gas masks

Do any of those “signs of suspicious activity” apply to you?

#29 Soon you may get labeled as a “potential terrorist” if you are just feeling a little nervous.  A new “pre-crime” technology system that is currently being tested by the U.S. Department of Homeland Security will soon be in use all over the nation.  It is called “Future Attribute Screening Technology” (FAST), and it is very frightening.  The following description of this new program comes from an articlein the London Telegraph….

Using cameras and sensors the “pre-crime” system measures and tracks changes in a person’s body movements, the pitch of their voice and the rhythm of their speech.

It also monitors breathing patterns, eye movements, blink rate and alterations in body heat, which are used to assess an individual’s likelihood to commit a crime.

The Future Attribute Screening Technology (FAST) programme is already being tested on a group of government employees who volunteered to act as guinea pigs.

#30 The truth is that nobody puts more people into prison than America does.  The United States has the highest incarceration rate in the world and the largest total prison population on the entire globe.

To read about some of the crazy things that the control freaks running things have planned for the future, just check out this article by Natural News: “10 outlandish things the ‘scientific’ controllers have in mind for you in the near future“.

Once again, despite all of this outrageous “security”, it is inevitable that a lot of really bad things are going to happen in the United States in the years ahead.

When there are incidents of violence, it is also inevitable that there will be calls for even more “Big Brother” security measures.

We are going to be caught in a never ending spiral of tyranny where the “solution” is always even tighter security.

Eventually, we will have lost all of our liberties and freedoms, and we will probably be even less safe than we are today.

Do not be deceived.  We could put a soldier on every corner, a video camera in every room of every home and an RFID chip in every citizen but that would not make us “safe”.

Every single lawmaker that is backing these laws which strip our liberties and freedoms away deserves to be voted out of office.

If you love the United States of America, please stand up and say something while you still can.

Please use this article and other articles like it as tools.  Share them with your friends and your family.  If we can get enough people to wake up, perhaps there is still enough time to turn the direction of this country around.

Will the final chapters of the history of the United States of America be mentioned in the same breath as communist China, the USSR and Nazi Germany, or will the final chapters of the history of the United States of America be the greatest chapters of all?

The choice, America, is up to you.’

 

 

 

 

Fayyad Says Israel Must Stop Withholding Palestinian Revenue [ The match made in hell … americans / israelis are just common thieves / criminals. ]BusinessWeek Nov. 24 (Bloomberg) -- Palestinian Authority Prime Minister Salam Fayyad said Israel must stop withholding tax and customs payments that it collects for the Palestinians and which account for two-thirds of the organization's revenue.

 

 

Exclusive: CIA Spies Caught, Fear Execution in Middle East [Well, if there was ever anyone deserving of execution, particularly in the middle east, it’s cia spies.]



First Lady booed at NASCAR race [Never a previous fan (that round and round and round– but I do like the flats in horse-racing - Go Big Red {‘Secretariat’, a terrific film} ), I think I’m going to change my mind in light of the fans’ display of good taste!]

 

 


 

Pentagon chief calls India, China ‘threats’ AFP | US Defense Secretary Leon Panetta referred to India and China as “threats” on Thursday. [ Oh riiiiight! Anything or anybody that’s not an incompetent, brainless automaton is a ‘threat’ to the u.s. because in projecting america’s insanity, America sees them deviantly sitting around plotting ways to wreak havoc and war in the world for the sake of maintaining their wasteful, nation-draining budgets. What isn’t ‘a threat’ to these mental cases. Certainly the truth is a threat to incompetent dog panetta, yet it is he and his who are the threat to this nation and the world. ]


 

 

Penn State Scandal: Mother of Sandusky's Adopted Son Speaks Out    By KEVIN DOLAK | Good Morning America http://gma.yahoo.com/penn-state-scandal-mother-sanduskys-adopted-son-speaks-091457912.html

 

 

The birth mother of Jerry Sandusky's youngest adopted child has come forward saying she believes the former Penn State coach led her son on a path of self-destruction and that she contacted authorities years ago about her son's safety.

Debra Long told ABC News in an exclusive interview that sharing her now 33-year-old son Matt with Sandusky had been a nightmare after the coach became the boy's guardian via foster care in 1995. Long says that she watched as her child became enamored with the local hero and then increasingly frightened by Sandusky's behavior.

"It was Jerry Sandusky, you know? Any 10-year-old kid is gonna be impressed by Penn State football," Long said. "And then it was the gifts. You know, money and clothing and whatever … It was as if Jerry owned Matthew."

Sandusky entered the lives of the Longs as a mentor when Matt was 10 years old, via The Second Mile charity for at-risk youth, which the former Penn State defensive coordinator founded. When Matt was placed in juvenile hall after he set fire to a barn in 1995, he soon entered the Sandusky home as a foster child. He was adopted by Sandusky as an adult at age 18.

Matt Sandusky, now 33, is not named as one of the 10 victims in the grand jury presentment outlining the charges against the coach. He insists he was not abused by his foster father.

But Debra Long says that the once-welcome Sandusky soon became a source of fear for her son, as he would take the boy out of school when he was 15 years old, unbeknownst to her.

"My son was afraid of Jerry. If Jerry said don't talk, he didn't talk. I would sit back and watch when Jerry would show up, how excited Matt was," she said. "And then, as time went on, I would watch the same kid hide behind the bedroom door and say, 'Mom, tell him I'm not home.'"

Long believes that exposure to Sandusky was what made her once-quiet son lash out, and eventually fall into the coach's hands.

"It wasn't until Jerry came into the picture that Matt started acting out in school. Matt ended up burning down a barn with another youth, you know -- it wasn't until Jerry came into the picture … that mentor turned him from the quiet, good kid into -- what Jerry could use to take him."

Four months after moving into the Sandusky's home Matt attempted suicide, along with another girl who was staying in the house, according to a report in the Patriot-News. After the suicide attempt, Terry L. Trude, a school-based probation officer, wrote a letter to a local judge asking that Matt's care at the Sandusky home be reviewed.

"The probation department has some serious concerns about the juvenile's safety and his current progress in placement with the Sandusky family," Trude wrote.

The adoption file for Matt Sandusky contains letters from Long to officials and a Centre County judge expressing concern for her son, who she was allowed to visit only one-half day per month while he was in Sandusky's care.

Matt Sandusky – who is one of five boys adopted by Sandusky and his wife -- still supports Jerry after he was arrested on charges of 40 counts of sexual assault with 10 minor boys over 15 years. Matt even brought his children to visit Sandusky after his Nov. 5 arrest.

But the mother of Matt's kids immediately went to court to obtain an order preventing Sandusky from being alone with her children. By court order Sandusky is now not allowed unsupervised contact or overnight visits with his grandchildren.

Alleged Victims Ready for Court

In the aftermath of Jerry Sandusky's unexpected interview on "Rock Center" with Bob Costas on Monday night, a number of witnesses are now ready and willing to testify in court that they were sexually assaulted by the coach.

A second boy has said that he is now ready to testify in court, according to Harrisburg attorney Ben Andreozzi, who is representing the boy. According to Andreozzi , the alleged victim called him after Sandusky gave the controversial interview on Monday.

"He has decided to dig in his heels. He's not going anywhere. He fully intends to testify," Andreozzi said.

In a statement issued Wednesday, Andreozzi said Sandusky "elected to re-victimize these young men at a time when they should be healing," and said his client was "disappointed" by Sandusky's comments.

"I think he would like Mr. Sandusky to assume responsibility for the horrible acts he committed on him," Andreozzi said.

Another boy known to be planning to testify is one known as "Victim 1" in the indictment; he is the boy who first came forward to authorities to allege abuse at the hands of Sandusky. The boy has already told his story to the grand jury and is anxious to tell it again in open court, according to his mother.

"He wants him to go to jail, and he wants him to pay for what he's done, and he doesn't want him on the streets where he can hurt somebody else," the unnamed boy's mother told ABC News.

Meanwhile, The Patriot-News reports that hearing Sandusky's interview broadcast on national television Monday has triggered more of the coach's alleged victims to come forward.

"They're literally processing it right in front of us," attorney Andy Shubin told the Patriot-News. "They have kept it from their families, moms, brothers and sisters ... The folks we talked to are largely folks in their 20s, who in a lot of cases have never told their story before."

Shubin has reportedly teamed up with Andreozzi, and along with a team of psychologists and social workers they plan to aid the alleged victims by providing seeking mental help and possible legal recourse. ‘

 

 

How to Protect Ourselves from Radiation Posted by : George Washington Post date: 11/16/2011 - Self-Help: How to Protect Ourselves Against Damage from Radiation

Penn State coach says he stopped shower assault... ‘…McQueary was placed on administrative leave last week after Penn State officials said he had received threats.According to the grand jury report, the graduate assistant said he saw a boy, whose age he estimated at 10 years old, "being subjected to anal intercourse" by a naked Sandusky in a shower at the Penn State football building in March 2002. The graduate assistant left "immediately," was "distraught" and called his father, according to the presentment. His father told him to leave the building and come to his home, according to the presentment.In the email obtained by The Morning Call, dated Nov. 8, McQueary said "I did stop it, not physically, but made sure it was stopped when I left that locker room.""No one can imagine my thoughts or wants to be in my shoes for those 30-45 seconds," McQueary wrote. "Trust me."Asked about McQueary's statement in the email that he had discussions with police, Penn State police told The Morning Call they were deferring to the university public relations office, which did not return a call Tuesday afternoon. Pennsylvania State Police in Harrisburg, which is heading the investigation, did not return a call.McQueary has not spoken publicly and declined to be interviewed by The Morning Call…’

 

 

Ron Paul Only Republican Candidate Not Calling for Iran Attack Kurt Nimmo | Said president must follow the Constitution and go to Congress before any action against Iran. [ Actually, the correct position is for all nations to require israel’s compliance with and adherence to all applicable laws and treaties, as well as u.n. resolutions concerning israel’s illegal nukes and war crimes as well as violations of the aforementioned before addressing the rationally defensive posture of Iran in light thereof. ]

 

Ron Paul Gets 89 Seconds To Speak In CBS Debate Paul Joseph Watson | Leaked email to Bachmann campaign indicates decision to limit air time for certain candidates was deliberate CBS News policy. [ It’s really quite amazing that retreads, such as the already failed, scandal-ridden slimy newt gingrich (much of america’s current failure had it’s genesis in policies initiated / supported by gingrich; ie., protection from RICO liability for the frauds on wall street, etc.) based on his mere adherence to that which is required of the ‘israeli amen corner’ on capital hill (as pointed out by the perspicacious Pat Buchanan), despite bringing america down thereby, is the shibboleth by which all candidates are being measured. Quite amazingly self-defeating, destructive, and self-destructive for america particularly and the world generally. That’s why cbs is cbs (for cb***s***). Given america’s intractable decline, it’s really quite amazing. But, as we’ve seen, pervasively corrupt, defacto bankrupt america is now fatally beyond shame. Nothing succeeds quite like failure in america; where crime pays and pays well. ]



Putin attacks Britain and US for ‘violating Libya resolution’
London Independent | “A complete scandal and a complete affront to the international community”.

 

Why World War III: Destroy The Global Economy, Create A Greater Israel Saman Mohammadi |  [ This really would be quite incredible if it wasn’t so credibly true. That these nations have and would self-destructively sacrifice themselves for greater ‘zion/israel’, particularly in light of israel’s war crimes/crimes/illegal nuclear proliferation/international law violations, complete disavowal of all Christianity stands for, and anti-Arab/Muslim provocateur/nemesis is a ‘non-mystery mystery’ that will forever haunt the annals of a doomed future and then history. ] There is a mistaken belief held by many people that the U.S. government won’t attack Iran or allow Israel to attack.


Law professor says sympathy for American troops is not ‘rational’

 

Defense chief warns on Iran strike consequences Reuters | Military action against Iran could have “unintended consequences” in the region.

 

 

 

Putin defends bid for president [ Let me add my voice to his own in defending Putin’s bid for the Russian Presidency! Another time, another place, maybe, just maybe, such criticism might, just might be at the most, okay, even if unwarranted. Yet, in this global worst of times scenario, Russia and the world need a strong leader to ‘push back’ the irrationality and desperate ‘misadventurism’ (wars, contrived conflict, raping, pillaging, and plundering by war crimes nations america/israel along with the foolishly complicit, self-destructively pliant european bobbleheads, et als.) and continue the rationality and strength that has always seen the great nation of Russia through the hardest of times. From a purely Russian perspective, the Russian people must ask themselves who is the Russian leader pervasively corrupt, defacto bankrupt, fallen, desperate war crimes nation in intractable decline america/israel would least be inclined to want to see in office (don’t forget former ‘american partners’ sadam hussein, momar ghadafi, etc.). The question answers itself. Rationality will indeed prevail in the great nation state of Russia. Congratulations President Putin!  ]

 

 

Americans Are Now Living In a Society That Rivals Orwell’s 1984 Paul Joseph Watson & Alex Jones | Winston Smith’s Oceania has nothing on 2011 America.

 

TRUTHFUL TRASH TALK (ABOUT ISRAELI TRASH) BEHIND ISRAELI LEADER'S BACK Report: Sarkozy calls Netanyahu 'liar'  Microphones accidently left on after G20 meeting pick up private conversation between US, French presidents. Sarkozy admits he 'can't stand' Israeli premier. Obama: You're fed up with him? I have to deal with him every day!


http://www.ynetnews.com/PicServer2/13062011/3550874/Untitled-1_wa.jpg

Arret sur Images (Screenshot) 

The conversation then drifted to Netanyahu, at which time Sarkozy declared: "I cannot stand him. He is a liar." According to the report, Obama replied: "You're fed up with him, but I have to deal with him every day!" The remark was naturally meant to be said in confidence, but the two leaders' microphones were accidently left on, making the would-be private comment embarrassingly public. The communication faux pas went unnoticed for several minutes, during which the conversation between the two heads of state – which quickly reverted to other matters – was all but open to members the press, who were still in possession of headsets provided by the Elysée for the sake of simultaneous translation during the G20 press conference."By the time the (media) services at the Elysée realize it, it was on for at least three minutes," one journalist told the website. Still, he said that reporters "did not have a chance to take advantage of this fluke."The surprising lack of coverage may be explained by a report alleging that reporters present at the event were requested to sign an agreement to keep mum on the subject of the embarrassing comments. A member of the media confirmed Monday that "there were discussions between journalists and they agreed not to publish the comments due to the sensitivity of the issue." He added that while it was annoying to have to refrain from publishing the information, the journalists are subject to precise rules of conduct.’

 

 

 

No smoking gun: IAEA Iranian nuclear report falls flat on its face Patrick Henningsen | The IAEA report has come up short, but the Axis powers are still desperate to hit Iran

 

 

Fourth accuser urges Herman Cain to ‘come clean’ about harassment - A fourth woman has accused Republican presidential candidate Herman Cain of sexual harassment--this time in public. Sharon Bialek told reporters in a press conference Monday that Cain groped her and e...

 

Obama was playing golf until 20 minutes before Navy SEALs began mission to take out Bin Laden UK Daily Mail | Stayed out on golf course to distance himself if it went wrong, book claims.

 

Extreme Poverty Is Now At Record Levels The Economic Collapse | According to the U.S. Census Bureau, a higher percentage of Americans is living in extreme poverty than they have ever measured before.



10 Reasons America Will Be Judged as the Most Brutal Empire in History  Activist Post | Good and evil doesn’t have a grey zone. Activist Post November 7, 2011

Good and evil doesn’t have a grey zone.  Killing and stealing is bad.  Violence is never “good” or necessary unless it is used to defend against killers and thieves. Indeed, that is the morality behind the “just war” principle as defined by international laws and treaties.

Yet, this simple concept of right and wrong gets muddled by differing ideas about religion, patriotism, economics and many other divisions.  The “just war” rule has crumbled under the ambitions of empires throughout history.  The American-led Anglo Saxon empire is no different.

This empire has been brutally conquering and colonizing territory since the fall of Rome.  However, it has only gained an American face in the last century.  The United States quickly emerged as the world’s “superpower” primarily through its economic might.  For some time, many believed the U.S. to be a shining example of economic freedom for other nations to emulate.  Indeed, America was eager to promote “economic freedom” globally to open new markets for U.S.-based corporations.

When foreign leaders refused to allow these corporate interests into their country, those leaders were replaced through a variety of covert actions.  The form of government that would be installed did not matter to the empire makers so long as the corporate interests were served.  In most cases these nations simply surrendered to the seemingly unlimited power of the almighty dollar, thus camouflaging the traditional method of forceful empire building.

However, some nations, especially in the last two decades, remained stubborn and have refused to alter their banking systems while also shunning Western companies.  Despite the empire’s best efforts to diplomatically bribe or sanction them into submission, they ultimately required an iron military fist to force their compliance.  Until recently, military action remained the last resort.  But now, preemptive military action seems to have become the preferred, and perhaps necessary, method to conquer the last resource-rich nations out of their grasp.

The empire’s populations cheered this strategy out of fear of being attacked by these rogue nations who never attacked or even threatened to attack them.  In the fog of fear, killing and stealing became acceptable. In fact, detention without charges and even torture became acceptable in the former capital of freedom. America has determined that the means justifies the end — which is more power.

As with all empires, these “means” have become increasingly violent and destructive in the face of resistance.  Yet, only a few more dominoes are left to knock over for America to complete a plan set in motion well before they were one of the colonies.  That is unless, of course, other world powers break ranks and attempt to stop the conquerors, which could lead to a large scale conflict.

Regardless, when the dust settles and moral history is written, America and her Western cohorts will likely be viewed as the most brutal empire in history.  Here are ten reasons why this is already the case:

 

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#1. Support of Dictators: For all the happy talk of spreading Democracy and protecting human rights, the empire has repeatedly not only supported dictators, but in many cases overthrew popularly elected leaders and replaced them with puppet tyrants.  Examples range from secretly funding the Nazis, to installing the Shah in Iran, Pinochet in Chile, supporting Musharraf in Pakistan, and their everlasting love affair with the brutal Saudi royal family, to name a few.  Actions speak louder than words to those who can navigate the storm of propaganda with a moral compass set to recognize good from evil.  Dictators and freedom cannot coexist.


#2. Preemptive Wars of Aggression: It could be said that all wars are preemptive in nature because so many entities benefit from war.  Yet, even before America’s latest crusades, they covertly and surgically attacked countries that never threatened them.  This allowed them to maintain the moral high road in the public’s eye while constructing the foundation of their empire.  That was until the Bush Doctrine; the use of preemptive military action to confront possible threats was unofficially adopted to be the new foreign policy for combating terror.  Since then, America has become the violent aggressors, having officially invaded two countries — Afghanistan and Iraq — without legitimate provocation.  Violent aggressors have always been judged by history as evil. But it gets worse….

 

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#3. Torture: Torture has never been acceptable by those promoting a high moral standing in the global community.  Nazis and Japanese soldiers were convicted and executed for engaging in the exact same torture techniques that America has redefined as ‘enhanced interrogation’.  “I was just following orders,” was not a justifiable excuse for such inhumane behavior, much like it wasn’t a good enough defense for the low-ranking patsies who took the heat for the sinister Abu Ghraib torture scandal even though their actions were approved at the highest levels.  Can state-sanctioned torture of prisoners held without charges ever be viewed as anything less than brutal?

 

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#4. Suppression of Dissent: All tyrannical regimes throughout history have suppressed homeland dissent.  As government oppression grows bolder at home and abroad, more citizens will naturally express outrage, resulting in even more oppressive controls.  This is happening in the United States through the all-seeing eye of the Department of Homeland Security with warrantless spying, arbitrary watch lists, citizen spy campaigns, and TSA molestation to travel anywhere.  Additionally, in an attempt to squash free speech, they arbitrarily seize websites and violently confront peaceful protesters.  Unfortunately, as awareness of the topics in this very article expands, the U.S. will likely become even bolder in their pursuit of stifling dissent.  In other words, the worst is yet to come, and history will judge the U.S. as not quite the beacon of freedom they have pretended to be.

 

#5. Elimination of Habeas Corpus: Say goodbye to the notion of being innocent until proven guilty, the right to face charges and your accuser, and the right to a free and fair trial.  Habeas corpus, considered the only humane path to “which a prisoner can be released from unlawful detention,” has been eliminated for those vaguely labeled ‘enemy combatants’ of the empire.  As Guantanamo prisoners rot under such pretenses, prominent lawmakers in the empire propose the exact same lack of rights for American citizens if they’re labeled an ‘enemy belligerent‘.  Similar to the Spanish Inquisition, now you’re guilty until you’re tortured to admit your guilt.  Can it get more evil? Why yes, it can. Read on.

 

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#6. Assassinating Citizens: That’s right.  No judge, no jury, no conviction; just straight to execution. America has set another precedent in their tyrannical march toward empire when they openly assassinated an American citizen and government patsy, Anwar al-Awlaki, and his teenage son on the suspicion of terrorism.  Paul Craig Roberts laments “Now the US government not only can seize a US citizen and confine him in prison for the rest of his life without ever presenting evidence and obtaining a conviction, but also can have him shot down in the street or blown up by a drone.”  Isn’t this the reason America claims to be knocking off dictators around the world — the deliberate killing of their own citizens?

But Awlaki was a bad apple because the intelligence community said so. What’s most telling that America will continue this wickedness is that almost every US lawmaker turned a blind eye to the grotesque violation of Constitutional rights. Only Ron Paul said that assassinating an American citizen without charges is nothing less than an “impeachable offense”.  Too bad most of the country cheered the Awlaki killing as a “victory” in the war on terror, indicating that it is now an acceptable tactic.  Americans beware: you may be moved from a secret watch list to a secret kill list in this brutal empire.

 

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#7. Unauthorized Drone Wars: Unprovoked wars without authorization, accountability, or independent oversight only seem to be escalating; and with little resistance. The US Congress no longer votes to “declare war”.  They simply give the Commander in Chief broad “authorization” to use force against specific nations. However, even that is not broad enough in the rapid pursuit of empire.  Now, joystick warriors directed by the CIA and Pentagon have targeted at least three countries with “unauthorized” military strikes; Pakistan, Yemen, and Somalia.  Even worse, they waged a full-scale war for regime change and resource plundering in Libya without any authority inside the United States.  Under the NATO flag, which is 75% funded by the U.S., they flew over 9200 strike sorties in Libya to illegally topple Gaddafi.  Drunk with success, the bloodthirsty empire marches on to their next preemptive targets, Syria and Iran.  Quick morality check: unprovoked killing and stealing as a first resort is still wrong, right?

 

#8. Use of Weapons of Mass Destruction: How ironic that the world’s policeman for weapons of mass destruction is the only one to use them on a mass scale.  The United States is on record using chemical, biological and even nuclear weapons.  From the atomic bombs dropped on Hiroshima and Nagasaki in WWII, to Monsanto’s Agent Orange in Vietnam, to the depleted uranium used in Afghanistan and Iraq, America only condemns itself when speaking about the evils of WMDs. However, killers don’t appear to care how the killing is accomplished, so long as it achieves their goals.  The real firecrackers will likely be brought out in a confrontation with Iran, or if China and Russia are lured into the conflict.  It won’t really matter much what history says if the use of WMD escalates by either side, but the aggressors should rightly be blamed for the ensuing scorched earth, while the defenders against killers and thieves should be viewed as righteous.

 

#9. World’s Largest Drug Dealer: The American empire is the largest drug dealer in the world?  Say it isn’t so. Well, in addition to forcing legal drugs and genetically modified organisms on nations, usually under the cover of foreign aid, America also leads in the illegal drug trade.  In fact, many researchers reveal that the war on drugs is only utilized to control and monopolize the illicit drug trade.  The US government has been caught multiple times shipping in cocainecolluding with certain cartels to control the industry, and now openly protects and transports opium from Afghanistan.  In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.”  This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production; up 61% compared to 2010 to a whopping 5800 tonnes.  Although the empire tries to keep it secret, they can’t hide the hypocrisy forever.

 

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#10. World Reserve Currency Prison: Although using Weapons of Mass Debt is a non-violent form of expanding the empire, it’s perhaps the most brutal and effective form of control.  Requiring foreign nations to purchase oil and other imported commodities with US dollars wields immense power.  Because all nations must acquire dollars to purchase critical resources, they quickly become indebted to the US Federal Reserve, their affiliate central banks, and the IMF.  Before long, the entire world is colonized by debt.  It seems that only the nations that don’t need or refuse credit from Western banking institutions are the ones in danger of facing the wrath of the imperial war machine. Incidentally, most oil-rich nations in the Middle East have outlawed usury (lending money with interest), making them impossible to conquer diplomatically through debt.  Controlling the world reserve currency means controlling the tap of life itself, which is a dangerous weapon in the hands of an aggressive empire.  Debt is the ultimate WMD the empire uses to enslave the world, which leaves dissidents with two clear choices: slavery or death.

Although this empire is infinitely more powerful than Rome was, it will suffer the same fate.  For every negative action the empire commits, there’s an equal and opposite good reaction. And the goodness of humanity will always defeat tyranny when it goes too far.  However, an empire with so much to lose will go down swinging and slinging every weapon in its arsenal, thus putting the final stamp on their status as most brutal empire in history.’

 

 

 

 

Extreme Poverty Is Now At Record Levels – 19 Statistics About The Poor That Will Absolutely Astound You  According to the U.S. Census Bureau, a higher percentage of Americans is living in extreme poverty than they have ever measured before.  The Economic Collapse November 5, 2011

According to the U.S. Census Bureau, a higher percentage of Americans is living in extreme poverty than they have ever measured before.  In 2010, we were told that the economy was recovering, but the truth is that the number of the “very poor” soared to heights never seen previously.  Back in 1993 and back in 2009, the rate of extreme poverty was just over 6 percent, and that represented the worst numbers on record.  But in 2010, the rate of extreme poverty hit a whopping 6.7 percent.  That means that one out of every 15 Americans is now considered to be “very poor”.  For many people, this is all very confusing because their guts are telling them that things are getting worse and yet the mainstream media keeps telling them that everything is just fine.  Hopefully this article will help people realize that the plight of the poorest of the poor continues to deteriorate all across the United States.  In addition, hopefully this article will inspire many of you to lend a hand to those that are truly in need.

Tonight, there are more than 20 million Americans that are living in extreme poverty.  This number increases a little bit more every single day.  The following statistics that were mentioned in an article in The Daily Mail should be very sobering for all of us….

About 20.5 million Americans, or 6.7 percent of the U.S. population, make up the poorest poor, defined as those at 50 per cent or less of the official poverty level.

Those living in deep poverty represent nearly half of the 46.2 million people scraping by below the poverty line. In 2010, the poorest poor meant an income of $5,570 or less for an individual and $11,157 for a family of four.

That 6.7 percent share is the highest in the 35 years that the Census Bureau has maintained such records, surpassing previous highs in 2009 and 1993 of just over 6 percent.

Sadly, the wealthy and the poor are being increasingly segregated all over the nation.  In some areas of the U.S. you would never even know that the economy was having trouble, and other areas resemble third world hellholes.  In most U.S. cities today, there are the “good neighborhoods” and there are the “bad neighborhoods”.

According to a recent Bloomberg article, the “very poor” are increasingly being pushed into these “bad neighborhoods”….

At least 2.2 million more Americans, a 33 percent jump since 2000, live in neighborhoods where the poverty rate is 40 percent or higher, according to a study released today by the Washington-based Brookings Institution.

Of course they don’t have much of a choice.  They can’t afford to live where most of the rest of us do.

Today, there are many Americans that openly look down on the poor, but that should never be the case.  We should love the poor and want to see them lifted up to a better place.  The truth is that with a few bad breaks any of us could end up in the ranks of the poor.  Compassion is a virtue that all of us should seek to develop.

Not only that, but the less poor people and the less unemployed people we have, the better it is for our economy.  When as many people as possible in a nation are working and doing something economically productive, that maximizes the level of true wealth that a nation is creating.

But today we are losing out on a massive amount of wealth.  We have tens of millions of people that are sitting at home on their couches.  Instead of creating something of economic value, the rest of us have to support them financially.  That is not what any of us should want.

It is absolutely imperative that we get as many Americans back to work as possible.  The more people that are doing something economically productive, the more wealth there will be for all of us.

That is why it is so alarming that the ranks of the “very poor” are increasing so dramatically.  When the number of poor people goes up, the entire society suffers.

So just how bad are things right now?

The following are 19 statistics about the poor that will absolutely astound you….

#1 According to the U.S. Census Bureau, the percentage of “very poor” rose in 300 out of the 360 largest metropolitan areas during 2010.

#2 Last year, 2.6 million more Americans descended into poverty.  That was the largest increase that we have seen since the U.S. government began keeping statistics on this back in 1959.

#3 It isn’t just the ranks of the “very poor” that are rising.  The number of those just considered to be “poor” is rapidly increasing as well.  Back in the year 2000, 11.3% of all Americans were living in poverty.  Today, 15.1% of all Americans are living in poverty.

#4 The poverty rate for children living in the United States increased to 22% in 2010.

#5 There are 314 counties in the United States where at least 30% of the children are facing food insecurity.

#6 In Washington D.C., the “child food insecurity rate” is 32.3%.

#7 More than 20 million U.S. children rely on school meal programs to keep from going hungry.

#8 One out of every six elderly Americans now lives below the federal poverty line.

#9 Today, there are over 45 million Americans on food stamps.

#10 According to the Wall Street Journal, nearly 15 percent of all Americans are now on food stamps.

#11 In 2010, 42 percent of all single mothers in the United States were on food stamps.

#12 The number of Americans on food stamps has increased 74% since 2007.

#13 We are told that the economy is recovering, but the number of Americans on food stamps has grown by another 8 percent over the past year.

#14 Right now, one out of every four American children is on food stamps.

#15 It is being projected that approximately 50 percent of all U.S. children will be on food stamps at some point in their lives before they reach the age of 18.

#16 More than 50 million Americans are now on Medicaid.  Back in 1965, only one out of every 50 Americans was on Medicaid.  Today, approximately one out of every 6 Americans is on Medicaid.

#17 One out of every six Americans is now enrolled in at least onegovernment anti-poverty program.

#18 The number of Americans that are going to food pantries and soup kitchens has increased by 46% since 2006.

#19 It is estimated that up to half a million children may currently be homeless in the United States.

Sadly, we don’t hear much about this on the nightly news, do we?

This is because the mainstream media is very tightly controlled.

I came across a beautiful illustration of this recently.  If you do not believe that the news in America is scripted, just watch this video starting at the 1:15 mark.  Conan O’Brien does a beautiful job of demonstrating how news anchors all over the United States are often repeating the exact same words.

So don’t rely on the mainstream media to tell you everything.

In this day and age, it is absolutely imperative that we all think for ourselves.

It is also absolutely imperative that we have compassion on our brothers and sisters.

Winter is coming up, and if you see someone that does not have a coat, don’t be afraid to offer to give them one.

All over the United States (and all around the world), there are orphans that are desperately hurting.  As you celebrate the good things that you have during this time of the year, don’t forget to remember them.

We should not expect that “the government” will take care of everyone that is hurting.

The reality is that millions of people fall through the “safety net”.

Being generous and being compassionate are qualities that all of us should have.

Yes, times are going to get harder and an economic collapse is coming.

That just means that we should be more generous and more compassionate than we have ever been before.’

 

 

Lindsay Lohan gets 30-day jail sentence  http://www.cbsnews.com/8301-207_162-20129112/lindsay-lohan-gets-30-day-jail-sentence [ Boy oh boy … Talk about ‘going after the low hanging fruit’ … If only they were as diligent in going after the serious, real including very violent, criminals plaguing america generally and california particularly. After all, they are letting serious criminal felons out of jail. I do not think anyone could possibly say that Lohan is a serious threat to anyone. I’m glad that she got the ‘Playboy gig’ (I’ve always found Playboy to be a tasteful exposé of artistically beautiful vistas). Though glad to see this unreasonably and unrelentingly tortured (to the point tantamount to overreaching persecution / prosecution), talented girl get work in film, I must honestly say I’m less than enthusiastic that it’s for some new york (fiore/gotti), new jersey (mental case scientologist – scientology is total b***s***- john ‘tony manero’ travolta) guineas who likely will be inclined to glorify that which couldn’t possibly be glorified (Francis Ford Coppola openly expressed his own misgivings concerning same, initially refusing his ‘big break’ debut) and as well his antipathy for the mob; but, I also must say his films gave rise to the career of the great actor, Al Pacino –his lesser known underrated roles in ‘Panic in Needle Park’, ‘Scarecrow’, and especially the terrific film relatively few people saw, ‘Simone’, etc., along with Shakespearian theater, which ultimately justified the exception by creating ‘some good from bad’. I’d be lying if I said, ie., Godfather 1,2,3 were anything but masterfully done). I personally unequivocally hate the mob!   http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf    It’s also true that I hate ‘mobs’ of any kind, any ethnicity, government mobs/slugs included  .  Previous:  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.}

Police: Judge won't be charged over video beating McALLEN, Texas (AP) - A Texas family law judge whose daughter secretly videotaped him savagely beating her seven years ago won't face criminal charges because too much time has elapsed, police said Thursday.


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           ]

 

 

 

Sheriff: Fast and Furious Bigger Scandal Than Watergate   http://www.prisonplanet.com/sheriff-fast-and-furious-bigger-scandal-than-watergate.html   Paul Joseph Watson | Over two dozen Republicans call for Holder to resign. Though heavily redacted, the documents directly discuss “Operation Fast and Furious” and how it involves “trafficking firearms to Mexico”. Tuesday, November 1, 2011

Pinal County Sheriff Paul Babeu joined over two dozen Republican lawmakers in calling on Attorney General Eric Holder’s to resign over Operation Fast and Furious, the gunrunning program that saw the ATF deliver some 2,000 guns directly into the hands of Mexican drug gangs, labeling the scandal worse than the Watergate cover-up that brought down the Nixon White House.

Noting that two of the guns involved in the program were found at the scene where U.S. Border Patrol agent Brian Terry was shot to death, Babeu warned that if Holder attempted to stay in power, he could bring down the entire Obama administration.

“I thought it was a telling sign when President Obama embraced him and gave him the Al Capone hug and the Scarface whisper in the ear that I support you. He did this publicly. I thought, `Wow, this is his last hours here, that he’s on his way out,” Babeu told KTAR News.

Holder is set to testify once more on the subject in front of a Democratic-led Senate committee on November 8.

By no means for the first time, if Eric Holder repeats his dubious contention that Fast and Furious only came to his attention when it became public knowledge, he will be knowingly committing perjury.

The head of the Justice Department’s criminal division, Lanny A. Breuer, Holder’s subordinate who first learned of Fast and Furious in April 2010, sent Holder briefings concerning Fast and Furious in July 2010, almost a year before Holder told a Judiciary Committee hearing, “I’m not sure of the exact date, but I probably heard about Fast and Furious for the first time over the last few weeks.”

Holder also received the same briefing from the head of the National Drug Intelligence Center, internal DOJ documents obtained by CBS News show.

“Internal Justice Department documents show that at least ten months before that hearing, Holder began receiving frequent memos discussing Fast and Furious,” states the report.

The CBS News journalist behind the scoop, Sharyl Attkisson, was subjected to verbal abuse by the White House merely for asking questions about the controversy, and was warned not to pursue the story.

In addition, Holder himself gave testimony to Congress in May 2009 in which he spoke of efforts on behalf of the DOJ and the DHS to track weapons going from the U.S. into Mexico under Project Gunrunner, which was the umbrella program for subsequent operations like Fast and Furious.

It now appears as though Breuer is attempting to throw himself under the bus in an attempt to take the heat off his boss and be the fall guy for Fast and Furious.

Over two dozen Republican lawmakers have called for Holder to resign over his stonewalling on Fast and Furious, which is the subject of a congressional probe.

As we highlighted last week, Holder is not alone in his willingness to risk charges of perjury by lying in front of elected representatives.

Despite telling a House Judiciary Committee that she only learned of operation Fast and Furious in December last year when the controversy went public, Homeland Security chief Janet Napolitano actually helped launch the previous incarnation of the program, Project Gunrunner, at a White House press conference in March 2009.

“Napolitano, at one point likening the questioning to a cross-examination, said repeatedly she only learned of “Fast and Furious” after Border Patrol Agent Brian Terry was killed in December,” reported Fox News. “She emphasized the operation, conceived and run by the Bureau of Alcohol, Tobacco, Firearms and Explosives, “was an ATF operation,” under the auspices of the Justice Department, not her department.”

However, as the video below illustrates, not only was Napolitano aware of the ATF program to put guns into the hands of Mexican drug lords, she actually helped launch the previous incarnation of it, Project Gunrunner, at a White House press conference alongside Deputy Attorney General David Ogden in March 2009.’

 

http://www.youtube.com/watch?feature=player_embedded&v=-F_1Sya42yA

 

 

U.S. Boots on the Ground in Libya, Pentagon Confirms Fox News | Despite assurances otherwise, four U.S. service members arrived on the ground in Tripoli.

 

Bloomberg: Riots On Streets  NY Daily News | Mayor Bloomberg warned Friday there would be riots in the streets if Washington doesn’t get serious...’

 

Moody’s Downgrades Bankster Trifecta Kurt Nimmo | Bank of America, Wells Fargo and Citigroup slammed by ratings agency.

 

Obama Impeachment a Possibility, Says Ron Paul Politico | Paul called the killing a movement toward “tyranny.”

 

IMF Advisor: Global Financial Meltdown in 2 to 3 Weeks Zero Hedge | A week after the BBC exploded Alessio Rastani to the stage, it has just done it all over again.

 

Gorbachev Calls For American Perestroika Paul Joseph Watson | Former Soviet leader says protest movement highlights need for perestroika in pervasively corrupt, defacto bankrupt America. [ Yes! There is no question that america is the global psychopathic ‘problem child’.

 

2012: Ron Paul is the Only Option Kurt Nimmo | Ron Paul must be on the ballot if we are going stop the wars and return fiscal sanity to the nation.

 

 

Afghanistan to back Pakistan if wars with U.S.: Karzai - ISLAMABAD (Reuters) - Afghanistan would support Pakistan in case of military conflict between Pakistan and the United States, Afghan President Hamid Karzai said in an interview to a private Pakistani ..

 

 

What Have We Gotten For The Trillion Dollars We Have Spent On Wars In Afghanistan, Iraq And Libya? The Economic Collapse | Over a trillion U.S. taxpayer dollars have been spent on wars in Afghanistan, Iraq and Libya.

 

 

GAO Report: Federal Reserve Is Riddled With Corruption And Conflicts Of Interest Daily Bail | New audit of the Federal Reserve details huge conflicts of interest involving directors of regional Fed banks


 

FBI Announces Gangs Have Infiltrated Every Branch Of Military Business Insider | Report says military has seen members from 53 gangs and 100 regions in U.S. enlist in every branch of armed forces.


 

Iraq war will cost more than World War II The Christina Science Monitor | Iraq war, now winding down with US troop exit by December, has cost more than $800 billion so far.

 

 

 

The Military Industrial Complex at 50: Activism Ray McGovern | Ray McGovern on Activism and the Military Industrial Complex.


 

BOOK WARNS OF END... BOOK WARNS OF END
Fri Oct 14 2011 07:00:25 ET

**Exclusive**

"As the faith that gave birth to the West is dying in the West, peoples of European descent from the steppes of Russia to the coast of California have begun to die out, as the Third World treks north to claim the estate. The last decade provided corroborating if not conclusive proof that we are in the Indian Summer of our civilization."

So begins Pat Buchanan in his hardcore work, SUICIDE OF A SUPERPOWER.

"Will America Survive to 2025?"

Buchanan, set for maximum controversy, launches all rockets at introduction "Disintegrating Nation" -- and does not let up for 400-plus pages.

"America is disintegrating. The centrifugal forces pulling us apart are growing inexorably. What unites us is dissolving. And this is true of Western Civilization....Meanwhile, the state is failing in its most fundamental duties. It is no longer able to defend our borders, balance our budgets, or win our wars."

The books reads as if its been written to be left behind in the ruins, only to be found by a future civilization.

SUICIDE ranked #2,668 on AMAZON's hit parade early Friday. It streets on Tuesday.

Now only the DRUDGE REPORT can offer a look inside.



Chapter 1: The Passing of a Superpower

“We have accepted today the existence in perpetuity of a permanent underclass of scores of millions who cannot cope and must be carried by society -- fed, clothed, housed, tutored, medicated at taxpayer’s expense their entire lives. We have a dependent nation the size of Spain in our independent America. We have a new division in our country, those who pay a double or triple fare, and those who ride forever free.”

Chapter 2. The End of Christian America

If [Christopher] Dawson is correct, the drive to de-Christianize America, to purge Christianity from the public square, public schools and public life, will prove culturally and socially suicidal for the nation.

“The last consequence of a dying Christianity is a dying people. Not one post-Christian nation has a birth rate sufficient to keep it alive....The death of European Christianity means the disappearance of the European tribe, a prospect visible in the demographic statistics of every Western nation.”

Chapter 3. The Crisis of Catholicism

“Half a century on, the disaster is manifest. The robust and confident Church of 1958 no longer exists. Catholic colleges and universities remain Catholic in name only. Parochial schools and high schools are closing as rapidly as they opened in the 1950s. The numbers of nuns, priests and seminarians have fallen dramatically. Mass attendance is a third of what it was. From the former Speaker of the House to the Vice President, Catholic politicians openly support abortion on demand.”

“How can Notre Dame credibly teach that all innocent life is sacred, and then honor a president committed to ensuring that a woman’s right to end the life of her innocent child remains sacrosanct?”

Chapter 4. The End of White America

“[W]hite America is an endangered species. By 2020, whites over 65 will out-number those 17 and under. Deaths will exceed births. The white population will begin to shrink and, should present birth rates persist, slowly disappear.”

“Mexico is moving north. Ethnically, linguistically and culturally, the verdict of 1848 is being over-turned. Will this Mexican nation within a nation advance the goals of the Constitution -- to “insure domestic tranquility” and ‘make us a more perfect union’? Or have we imperiled our union?” (Page 134)

Chapter 5. Demographic Winter

“Peoples of European descent are not only in a relative but a real decline. They are aging, dying, disappearing. This is the existential crisis of the West.” (Page 166)

“Not any Iranian weapon of mass destruction but demography is the existential crisis Israel faces....By mid-century...Palestinians west of the Jordan river will out-number Jews 2-1. Add Palestinians in Jordan, it is 3-1.”

“In a startling development of history, Russia’s population has fallen from 148 million in 1991 to 140 million today and is projected to plunge to 116 million by 2050, a loss of 32 million Russians in six decades.”

Chapter 6. Equality Vs. Freedom

“Those who would change society begin by changing the meaning of words. At Howard University, LBJ changed the meaning of equality from the attainable -- an end to segregation and a legislated equality of rights for African-Americans -- to the impossible: a socialist utopia.”

“Where equality is enthroned, freedom is extinguished. The rise of the egalitarian society means the death of the free society.”

“A time for truth. As most kids do not have the athletic ability to play high school sports, or the musical ability to play in the band, or the verbal ability to excel in debate, not every child has the academic ability to do high school work. No two children are created equal, not even identical twins. The family is the incubator of inequality and God its author.”

Chapter 7. The Diversity Cult

“The non-Europeanization of America is heartening news of an almost transcendental quality,” Wattenberg trilled.4 Yet, one wonders: What kind of man looks with transcendental joy to a day when the people among whom he was raised have become a minority in a nation where the majority rules?”

“Historians will look back in stupor at 20th and 21st century Americans who believed the magnificent republic they inherited would be enriched by bringing in scores of millions from the failed states of the Third World.”

Chapter 8: The Triumph Of Tribalism

America’s war of revenge against Japan was a race war. Newsreels, movies, magazines, comic books, headlines treated “Japs” as a repulsive race whose extermination would benefit mankind....Only well after the war was over was it re-branded a war to bring the blessings of democracy to...Japan.

We may deny the existence of ethnonationalism, detest it, condemn it. But this creator and destroyer of empires and nations is a force infinitely more powerful than globalism, for it engages the heart. Men will die for it. Religion, race, culture and tribe are the four horsemen of the coming apocalypse.

Chapter 9. ‘The White Party’

“Through its support of mass immigration, its paralysis in power to prevent 12-20 million illegal aliens from entering and staying, its failure to address the “anchor-baby” issue, the Republican Party has birthed a new electorate that will send it the way of the Whigs.”

Chapter 10: The Long Retreat

“We borrow from Europe to defend Europe. We borrow from the Gulf states to defend the Gulf states. We borrow from Japan to defend Japan. Is it not a symptom of senility to be borrowing from the world so we can defend the world?”

“Are vital U.S. interests more imperiled by what happens in Iraq where were have 50,000 troops, or Afghanistan where we have 100,000, or South Korea where we have 28,000 -- or by what is happening on our border with Mexico?...What does it profit America if we save Anbar and lose Arizona?”

Chapter 11: The Last Chance

“We are trying to create a nation that has never before existed, of all the races, tribes, cultures and creeds of Earth, where all are equal. In this utopian drive for the perfect society of our dreams we are killing the real country we inherited..’

SHRINK: Obama suffers from 'father hunger'...The abandonment by his father when he was an infant and by his stepfather at age 10 has left President Obama with a "father hunger" that influences everything from why he distances himself from pushy supporters, to his strong desire to compromise and bring people together, to his aggressive campaign to kill Osama bin Laden, says a psychoanalytic book out next week. In Obama on the Couch, George Washington University professor Justin Frank also reveals that Obama has spent much of his life seeking out father figures, but most, like Rev. Jeremiah Wright and Vice President Biden, have disappointed him. "Obama searched for a father, for someone to relate to who could help him—a strong man who knew what to do," Frank writes.

[Check out photos of Obama behind the scenes.]

This is Frank's second psychoanalytical book about a president. While a sympathetic look at Obama, it follows Bush on the Couch, a sharply critical analysis that suggested then President George W. Bush was disturbed. In that book, he predicted that someone like Obama—"completely different," "someone not ... white"—would succeed Bush. What the nation ended up with, however, is "an almost tragic figure," Frank writes.

The general theme is that Obama has been affected both by being biracial and by the abandonment of his two dads during his childhood. The result is that he is overly protective of his own nuclear family, desires greatly to see national unity, and yet harbors anger that he took out on bin Laden. [Vote now: Will Obama be a one-term president?]

Take for example Obama's earlier willingness to compromise with Republicans, upsetting his liberal base. Here Frank cites the negative influence of his parents, especially his mom, who often pressed him to do better in school. "He hates being pushed by supporters who want him to make good on his promises of universal healthcare and care for the poor, something that represents his mother and how she pushed him to study harder," Frank writes. And when he ignores his base, he is emulating his father, expressing annoyance but not worried they will desert him.

As for bin Laden, Frank writes that Obama's inner anger emerged: "He was able to pursue his action against bin Laden in part because bin Laden offered a displacement figure for Obama's rage toward his own parents." [ I believe this is factually incorrect and was mere political desperation by wobama et als; see infra, “Bin Laden” Heroes Probably Murderered to Keep Them Quiet  ... Gordon Duff Veterans TodayFLASHBACK: 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? [See a slide show of 10 issues driving Obama's re-election campaign.]

Frank also calls Obama scared of the type of radical change he advocated in 2008. "He wants to be the father who makes change safe, the person he has waited for his entire life."

Browse: photos of 2012 GOP hopefuls on the campaign trail…’

 

BUCHANAN: Is the New World Order unraveling?  October 13, 2011 ‘With Greece on the precipice of default and Portugal and Italy approaching the ledge, the European monetary union appears in peril.

Should it collapse, the European Union itself could be in danger, for economic nationalism is rising in Europe. Which raises a larger question.

Is the New World Order, the great 20th century project of Western transnational elites, unraveling?

The NWO dates back as far as Woodrow Wilson's League of Nations, which a Republican Senate refused to enter. FDR, seeking to succeed where his mentor had failed, oversaw the creation of a United Nations, an International Monetary Fund and a World Bank.

In 1951 came the European Coal and Steel Community, love child of Jean Monnet, which evolved into the European Economic Community, the European Community and the European Union. A European Central Bank and a new currency, the euro, followed.

The hidden ultimate goal of economic union was political union – a United States of Europe as model and core of the 21st-century world government.

Pat Buchanan's latest book -- the title says it all: "Suicide of a Superpower: Will America Survive to 2025?"

With the disintegration of the Soviet Union, the EU expanded to the east. And the New World Order, formally proclaimed by George H.W. Bush in 1991, was out in the open and seemingly the wave of the future.

Progress was swift.

A North American Free Trade Agreement, bringing the United States, Mexico and Canada into a common market that George W. Bush predicted would encompass the hemisphere from Patagonia to Prudhoe Bay, was signed in 1993.

A World Trade Organization was born in 1994. U.S. sovereignty was surrendered to a global body where America had the same single vote as Azerbaijan.

The Kyoto Protocol, brought home by Vice President Al Gore, set up a regime to control the worldwide emission of greenhouse gases.

An International Criminal Court, a permanent Nuremberg Tribunal to prosecute war crimes and crimes against humanity, was created.

A doctrine of limited sovereignty had been asserted. Elites claimed a higher law than national sovereignty; "a responsibility to protect" enabled them to intervene in countries where human rights violations were egregious.

Serbia, bombed by Bill Clinton for 78 days for fighting to hold its ancient province of Kosovo, was the first victim.

Suddenly, however, the progression has stalled. Indeed, the New World Order seems to be unraveling.

Emerging powers like China, India and Brazil are demanding they be exempt from restrictions developed countries seek to impose. The follow-up summits to Kyoto – Copenhagen in 2009, Cancun in 2010 – ended in failure. The Doha round of world trade negotiations ended in failure.

China refuses to let her currency float lest she lose the trade surpluses that have enabled her to amass $3 trillion in cash reserves.

Protectionism is rising. Americans chafe at a new world economic order that has led to deindustrialization of their country. Congress is talking of defunding the U.N. as anti-Western and anti-Israel.

Why is the New World Order suddenly going in reverse?

A primary reason is the resurgence of nationalism. Nations are putting national interests ahead of any perceived global interests.

A second reason is the decline of a West whose project this was. We no longer dictate to the world, and the world no longer marches to our tune. The deficits and indebtedness of Western nations preclude more of the big wealth transfers in foreign aid that once bought us influence.

A third reason is demography. Not one European nation has a birth rate sufficient to replace its population. Europe's nations are aging, shrinking, dying. A depopulating Germany cannot carry forever the deficit-debtor nations of Club Med. The oldest nation, Japan, is on schedule to lose 25 million people by 2050, as is neighbor Russia.

Militarily, America remains the most powerful nation. But Iraq and Afghanistan have bled the country and left us without the certain attainment of our goals. Old allies like Turkey go their separate ways.

Ethno-nationalism also explains a disintegrating world order. Aspiring nations like Scotland, Catalonia, Padania, Flanders, Ingushetia, Dagestan, East Turkestan, Kurdistan and Baluchistan seek a place in the sun, free of the cloying embrace of the mother country.

The desire of peoples for nations all their own, where their own language, faith and culture predominate and their own kind rule to the exclusion of all others, is everywhere winning out over multiculturalism and transnationalism.

Through history there have been attempts to unite the world.

The Roman Empire. Catholicism. Islam. The West that ruled much of mankind from Columbus to the mid-20th century. Communism, which conquered half of Europe and Asia but arose and fell in a single century.

With the death of communism and the decline of the West – in relative population and power – Islam has become the largest religion, China the world's emerging superpower and Asia the continent of the future.

Could this still be the Second American Century?  [ Absolutely, unequivocally NOT! ]

Not the way we are going.’


Read more: Is the New World Order unraveling? http://www.wnd.com/index.php?fa=PAGE.view&pageId=355405#ixzz1aiOydNLu




Will U.S. Exploit Dubious Terror Case and Attack Iran? Kurt Nimmo | Another case of a clueless patsy entrapped by the U.S. government. TIMING? U.S. busts two Iranians today over terror plot Obama was briefed about in June... { U.S. accuses Iran of plot to kill Saudi ambassador [ Oh come on! That’s as likely as wmd’s in Iraq; or, america and israel hatching such a plot so they can blame same on Iran. The point is, when it comes to nations that both war-mongering israel/u.s. would love to make, not love, but war on, they’d literally say anything; even to the point of paying anyone to say anything … yellow cake anyone? (‘Bush and Iraq: Follow the Yellow Cake Road’ Read more: http://www.time.com/time/world/article/0,8599,463779,00.html#ixzz1aWL8TndC ‘...the White House defense, having now admitted a falsehood in President Bush's claim, in his State of the Union address, that Iraq had tried to buy uranium in Africa. Read more: http://www.time.com/time/world/article/0,8599,463779,00.html#ixzz1aWKsd9dp ] }
Drudgereport:
WAR DRUMS: IRAN CALLS 'TERROR PLOT' LIE
Saudis say Iran must 'pay the price'...

Hillary: 'Dangerous escalation'...

 

Fed Insider Cain Caught In Brazen Debate Lie Paul Joseph Watson | Establishment favorite claims he never opposed audit of Fed.

 

Putin: US feeding off global dollar monopoly Russia Today| Pushing through energy deals and boosting cooperation with the aim of balancing out the economic and political dominance of the West. [ Of course Putin is quite right inasmuch as pervasively corrupt, defacto bankrupt america has an insurmountable fiscal gap of $211 trillion and like Greece et als, it’s not a matter of if, but when america defaults. ]

 

U.S. accuses Iran of plot to kill Saudi ambassador [ Oh come on! That’s as likely as wmd’s in Iraq; or, america and israel hatching such a plot so they can blame same on Iran. The point is, when it comes to nations that both war-mongering israel/u.s. would love to make, not love, but war on, they’d literally say anything; even to the point of paying anyone to say anything … yellow cake anyone? ]



Wall Street Puppet Obama Sympathizes With Anti-Wall Street Protests Steve Watson & Paul Joseph Watson | Claims Government has not gone after banksters because … [ More wobama b***s*** for the multi-trillion dollar fraud, still extant, etc.. Of course, as a total fraud himself, no small wonder that as per wobama’s fraudulent playbook the blatant wall street frauds are not, by him, considered fraud. Remember those ‘shovel ready’ jobs promised last (but eternal) campaign by wobama? Well, just those required to shovel his infinite b***s***. Then those fightin’ words from ‘the great prevaricator’ … (to GOP) unite behind his jobs bill or get ready to be run "out of town" … shows his disconnect with reality and proclivity for rhetoric / b***s*** since it’s he who should and will be ‘run out town on a rail’. He’s so pathetic! What a total loser! Who’s foolish enough to even listen to this total b***s*** artist wobama? ]

 

OWS Needs to Target Real Enemies Or Face Irrelevancy` Kurt Nimmo | Real enemies are the Bilderbergers, CFR, the Trilateral Commission, and the Federal Reserve — not lowly Wall Street stock brokers. [ This is quite incorrect! I’m not saying don’t target the Bilderbergers, CFR, the Trilateral Commission, and the Federal Reserve, etc.; but, for the most part, they are ‘frauds fait accomplis’, as ie., in accordance with the adgage ‘behind every fortune, a crime’ (subject to very few exceptions, ie., ‘the late, great Steve Jobs’ (bill gates is not among those exceptions). They (Alex Jones, et als) ignore, owing to their lack of ‘real world experience’, organized crime of its ‘various flavors’, ethnicities, even cabals / niches within government. The fact is and remains, as with politics (O’Neil), all crime is ultimately local. You must always prosecute the proximate crime causing the proximate harm without fail (nominal crimes as, ie., marijuana possession, should take a back seat to distribution, ie., cia, cartels, bribery, etc., given limited resources, budgetary constraints. After all, given the u.s. government’s involvement in the distribution aspects of the illegal drug business, ie., cocaine, etc., cia, etc., possession/use falls into the nebulous realm of civic / patriotic duty?). Only by so doing will you ultimately get those higher up on the criminal food chain who are ‘protected’ by layers of corrupt bureaucracy as is pervasive in american government / society, federal, state, and local. ]

 

Rick Perry's Pledge To Stand With Israel "as a Christian"...  [ Yes, indeed! This is as damaging to Christianity as it is helpful to Islamic fundamentalists, ‘extremists’, realists; in large part owing to the fact that such a position can’t be justified rationally, biblically, spiritually, morally, or realistically! ] Rick Perry's pledge to stand with Israel "as a Christian" is a gift to Islamic...

 

Analysis: what was so objectionable about Ahmadinejad’s speech? [ Nothing! As regards the twin towers reference, his position is consistent with in excess of 95% of those who’ve looked closely at same, including from an engineering perspective, as opposed to those who blindly accept the government ‘pablum’ of the neo-con cherished ‘pearl harbor event’ (that was wildly cheered by those israeli agents in Weehawken, n.j.) ]Activist Post | It is clear that Ahmadinejad’s address to the 66th Session of the United States General Assembly was not well met.




California City Closes Down Bible Study in Private Home Kurt Nimmo | In Orange County, California, it is illegal to hold a religious meeting in your home. In Orange County, California, it is illegal to hold a religious meeting in your home.[ How totally pathetic … California … truly the ‘land of fruits and nuts’! … Meanwhile, the inmates that run the asylum called California are releasing felons from prisons in droves because they can’t count, do simple math. Maybe if these peaceful people in the confines of their homes (it’s a jungle out there on the lawless California ‘streets’) were to commit serious crimes they would get more empathy, understanding from the inmates / criminals running the asylum they call California! Outrageous! ] ‘This is what Chuck and Stephanie Fromm, of San Juan Capistrano, discovered when they were fined $300 earlier this month for holding a Bible study class on their property.Officialdom in the county said the couple were singled out because it is considered illegal to hold “a regular gathering of more than three people” on private property. Officials stated that the Fromms require a license to hold meetings in their home.San Juan Capistrano authorities claim home Bible study is not allowed because it is a “church,” and churches require a Conditional Use Permit (CUP) in residential areas.The Fromms face additional fines of $500 per meeting for any further “religious gatherings” in their home, according to the Pacific Justice Institute.The city’s action is a brazen violation of the First Amendment, which guarantees free worship without government intervention.PJI and the Fromms plan to appeal a decision made by the city to uphold the fine and restriction to the California Superior Court in Orange County, according to KCOY 12 News, a Fox affiliate.Ironically, the city of San Juan Capistrano was founded as a mission in the late 1700s by Catholic priest Junipero Serra. A local chapel established by Serra is the oldest standing building in California.’

 

 

WIRELESS: Obama invested in Falcone-funded Co.... In ’05 Investing, Obama Took Same Path as Donors By MIKE McINTIRE and CHRISTOPHER DREW ‘Less than two months after ascending to the United States Senate, Barack Obama bought more than $50,000 worth of stock in two speculative companies whose major investors included some of his biggest political donors.

One of the companies was a biotech concern that was starting to develop a drug to treat avian flu. In March 2005, two weeks after buying about $5,000 of its shares, Mr. Obama took the lead in a legislative push for more federal spending to battle the disease.

The most recent financial disclosure form for Mr. Obama, an Illinois Democrat, also shows that he bought more than $50,000 in stock in a satellite communications business whose principal backers include four friends and donors who had raised more than $150,000 for his political committees.

A spokesman for Mr. Obama, who is seeking his party’s presidential nomination in 2008, said yesterday that the senator did not know that he had invested in either company until fall 2005, when he learned of it and decided to sell the stocks. He sold them at a net loss of $13,000.

The spokesman, Bill Burton, said Mr. Obama’s broker bought the stocks without consulting the senator, under the terms of a blind trust that was being set up for the senator at that time but was not finalized until several months after the investments were made.

“He went about this process to avoid an actual or apparent conflict of interest, and he had no knowledge of the stocks he owned,” Mr. Burton said. “And when he realized that he didn’t have the level of blindness that he expected, he moved to terminate the trust.”

Mr. Obama has made ethics a signature issue, and his quest for the presidency has benefited from the perception that he is unlike politicians who blend public and private interests. There is no evidence that any of his actions ended up benefiting either company during the roughly eight months that he owned the stocks.

Even so, the stock purchases raise questions about how he could unwittingly come to invest in two relatively obscure companies, whose backers happen to include generous contributors to his political committees. Among those donors was Jared Abbruzzese, a New York businessman now at the center of an F.B.I. inquiry into public corruption in Albany, who had also contributed to Swift Boat Veterans for Truth, a group that sought to undermine John Kerry’s Democratic presidential campaign in 2004.

Mr. Obama, who declined to be interviewed about the stock deals, has already had to contend with a controversy that arose out of his reliance on a major campaign contributor in Chicago to help him in a personal financial transaction. In that earlier case, he acknowledged last year that it had been a mistake to involve the contributor, a developer who has since been indicted in an unrelated political scandal, in deals related to the Obamas’ purchase of a home.

Senate ethics rules do not prohibit lawmakers from owning stocks — even in companies that do business with the federal government or could benefit from legislation they advance — and indeed other members of Congress have investments in government contractors. The rules say only that lawmakers should not take legislative actions whose primary purpose is to benefit themselves.

Mr. Obama’s sale of his shares in the two companies ended what appears to have been a brief foray into highly speculative investing that stood out amid an otherwise conservative portfolio of mutual funds and cash accounts, a review of his Senate disclosure statements shows. He earned $2,000 on the biotech company, AVI BioPharma, and lost $15,000 on the satellite communications concern, Skyterra, according to Mr. Burton of the Obama campaign.

Mr. Burton said the trust was different from qualified blind trusts that other senators commonly used, because it was intended to allow him greater flexibility to address any accusations of conflicts that might arise from its assets. He said Mr. Obama had decided to sell the stocks after receiving a communication that made him concerned about how the trust was set up.

The investments came at a time when Mr. Obama was enjoying sudden financial success, following his victory at the polls in November 2004. He had signed a $1.9 million book deal, and his ethics disclosure reports show that he received $1.2 million of book money in 2005.

His wife, Michelle, a hospital vice president in Chicago, received a promotion that March, nearly tripling her salary to $317,000, and they bought a $1.6 million house in June. The house sat on a large property that was subdivided to make it more affordable, and one of Mr. Obama’s political donors bought the adjacent lot.

The disclosure forms show that the Obamas also placed several hundred thousand dollars in a new private-client account at JPMorgan Chase, a bond fund and a checking account at a Chicago bank.

But he put $50,000 to $100,000 into an account at UBS, which his aides say was recommended to him by a wealthy friend, George W. Haywood, who was also a major investor in both Skyterra and AVI BioPharma, public securities filings show.

Mr. Haywood and his wife, Cheryl, have contributed close to $50,000 to Mr. Obama’s campaigns and to his political action committee, the Hopefund. Mr. Haywood declined to comment.

Within two weeks of his purchase of the biotech stock that Feb. 22, Mr. Obama initiated what he has called “one of my top priorities since arriving in the Senate,” a push to increase federal financing to fight avian flu.

Several dozen people had already died from the disease in Southeast Asia, and experts were warning that a worldwide pandemic could kill tens of millions of people. Mr. Obama was one of the first political leaders to call for more money to head off the danger, which he described as an urgent public health threat.

His first step came on March 4, 2005, when the Senate Foreign Relations Committee approved his request for $25 million to help contain the disease in Asia; the full Senate later approved that measure. And in April 2005, he introduced a bill calling for more research on avian flu drugs and urging the government to increase its stockpiles of antiviral medicines.

Mr. Obama repeated this call in a letter that Aug. 9 to Michael O. Levitt, the health and human services secretary. And in September 2005, Mr. Obama and Senator Tom Harkin, Democrat of Iowa, succeeded in amending another bill to provide $3.8 billion for battling the flu.

Meanwhile, the drug company in which he invested, AVI BioPharma, had been working to develop its own medicine to treat avian flu victims. In a conference call with Wall Street analysts on March 8, 2005, the company’s chairman, Denis R. Burger, said the firm was “aggressively going forward” with its avian flu research and hoped to work with federal agencies on it.

The company, which is also developing medicines in a number of other areas, provided several updates on its avian flu research in 2005, including one on Oct. 21 saying the company was likely to develop a treatment for avian flu “in a relatively short time.”

Mr. Obama sold what appears to have been about 2,000 shares of the company’s stock a week later, when it traded at about $3.50 a share, or about $1 a share more than when he bought it. Company officials said they never talked to the senator about his work on avian flu. And while the company has received millions of dollars in federal money to develop drugs for treating ebola and other serious diseases, it still has not received any federal money for its avian flu research.

The company’s stock briefly surged to nearly $9 a share in January 2006 when it announced promising research findings on the flu drug. But the company still has not applied for federal approvals to test and market the drug.

Unlike his investment in AVI, which yielded a small profit, Mr. Obama’s stake in Skyterra Communications went in the opposite direction, despite a promising start.

He bought his Skyterra shares the same day the Federal Communications Commission ruled in favor of the company’s effort to create a nationwide wireless network by combining satellites and land-based communications systems. Immediately after that morning ruling, Tejas Securities, a regional brokerage in Texas that handled investment banking for Skyterra, issued a research report speculating that Skyterra stock could triple in value.

Tejas and people associated with it were major donors to Mr. Obama’s political committees, having raised more than $150,000 since 2004. The company’s chairman, John J. Gorman, has held fund-raisers for the senator in Austin, Tex., and arranged for him to use a private plane for several political events in 2005. Mr. Gorman declined to comment.

In May 2005, Mr. Abbruzzese, who was vice chairman of Tejas and a principal investor in Skyterra, contributed $10,000 along with his wife to Mr. Obama’s political action committee — a departure from his almost exclusive support of Republicans. Eight months earlier, for instance, he had contributed $5,000 to the Swift Boat group, and he has given $100,000 to the Republican National Committee since 2004.

Last year, Mr. Abbruzzese, a major investor in several high-tech companies in New York and elsewhere, emerged as a central figure in the federal investigation of the New York State Senate majority leader, Joseph L. Bruno. The inquiry is examining Mr. Bruno’s personal business dealings, including whether he accepted money from Mr. Abbruzzese in return for Senate approval of grants for one of Mr. Abbruzzese’s companies. Both men have denied any wrongdoing. Mr. Abbruzzese did not return phone calls seeking comment.

Skyterra’s share price was lifted into the $40 range for a time on the strength of the F.C.C. ruling, but eventually drifted down into the low 30s, and was at $31 when Mr. Obama sold his shares for a $15,000 loss on Nov. 1, 2005. A few months later, it plunged into the $20 range, and today trades below $10 a share. A spokesman for Skyterra said the company’s top officials had not been aware of Mr. Obama’s investment.’

 

 

Joe McGinniss Sarah Palin Book, 'The Rogue,' Makes Controversial Claims About Former Alaska Governor  ‘Joe McGinniss's new book, The Rogue: Searching for the Real Sarah Palin, hits bookstores next week, but its controversial claims about the former Alaska governor are already making waves.

In the book, McGinniss writes that Palin had a one-night stand in 1987 with future NBA basketball player Glen Rice nine months before she married her husband Todd. He quotes a friend who said Palin "had a fetish for black guys for a while."

"She was a gorgeous woman. Super nice. I was blown away by her," Rice tells McGinniss in the book, NBC reports. "Afterward, she was a big crush that I had."

McGinniss's book also alleges that Palin had an extramarital affair with her husband's business partner, Brad Hanson, in the mid-1990s, and snorted cocaine off a 55-gallon oil drum while snowboarding.

"An utter fraud. An absolute and utter fraud," McGinniss calls Palin in an interview about the book with NBC.

"At best, she's a hypocrite," McGinniss tells NBC's Savannah Guthrie. "At worst, she's a vindictive hypocrite."

McGinniss famously moved into a house next door to Palin's Wasilla, Alaska home to write his book -- prompting the Palins to accuse him of stalking them. They built a high fence along their property to protect their privacy.

In response to McGinniss's book, Todd Palin gave a statement to NBC saying that McGinniss "spent the last year interviewing marginal figures with an axe to grind in order to churn out a hit piece to satisfy his own creepy obsession with my wife."

"I'd ask the fathers and husbands of America to consider our privacy when one summer day I found this guy on the deck of the rental property, just 18 feet away next door to us, staring like a creep at my wife while she mowed the lawn in her shorts," Palin said.

McGinniss says that anything he learned about Palin by living next door did not make it into the book, but he does become a character in the story himself.

The New York Times writes in its review:

Soon Mr. McGinniss is settling in to enjoy the fuss his mere presence has created. "Normally, for a news story to continue beyond the first 24-hour news cycle, something newsworthy must occur," he writes loftily, but "The Rogue" is filled with proof to the contrary. What was his hate mail like? He quotes it. What did Glenn Beck call him? That’s here too. Who took umbrage at this venom and chose to help him? One man offered him a hideout, despite Mr. McGinniss's slight skepticism about his motives. "But you don’t know me," Mr. McGinniss protested.

McGinniss's book is scheduled to hit bookstores on Tuesday, Sept. 20.’

The Rogue: Searching For The Real Sarah Palin' Cover Revealed Call it Palin Noir. Joe McGinniss' upcoming biography of Sarah Palin has a cover design more fitting for a detective novel. It has a bold...

Joe McGinniss, Palin Neighbor & Author, Leaving Wasilla To Write Book ANCHORAGE, Alaska — Sarah Palin can take down the fence. Palin's neighbor of three months on Wasilla's Lake Lucille, author Joe McGinniss, is packing his...

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.

 

Ralph Nader: U.S. is a two party dictatorship Raw Story | “It’s a two party dictatorship unless you’re worth billions of dollars.”

 

Astronauts' tracks, trash seen in new moon photos [ The easiest thing in the world to contrive (don’t forget they can with some precision today send robotics to ie., mars, etc.) and doctor so don’t be taken in by their fraudulent b***s***! They’re probably desperately looking for some money / budgetary consideration for their continued boondoggles. No man has ever set foot on the moon to date. 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 - Tariq Malik - CAPE CANAVERAL, Fla. - President Barack Obama set a lofty next goal this week for Americans in space: Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld

New Boondoggle promised to save NASA boondoggle defacto bankrupt budget piece of pie.
And don’t forget, Bruce Willis and Ben Affleck, et als, have already done this so it’s not as if they’re starting from ‘ground zero’, so to speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but beware say the producers of ‘Species II’ since Eve, the cloned daughter of Sill, might want to mate with astronaut Paddy Ross who has returned from Mars as a space alien host body.

First fake moonwalker blasts Obama's space plan  msnbc.com - Bill Ingalls - The first man to pretend to walk on the moon blasted President Barack Obama's decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not going with the new movie is “devastating” to america's boondoggle spaced out effort. Fake dutch 'moon rock' revealed a treasured piece at the dutch national museum - a supposed moon rock from the first manned lunar landing - is nothing more than petrified wood, ...bbc news bbc news | europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of moon rock given to an overseas politician by the united states is actually a lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock' in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch national museum. Rijksmuseum / ap. This rock, supposedly brought back from the moon by american astronauts, ...    http://www.albertpeia.com/moonfraud.htm  

In reality it is just a piece of petrified wood ... Another piece of evidence that shows again that apollo program is indeed a fake and a typical american fraud!   
http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv    ]

 

AMERICA FALLS TO 5TH PLACE...The U.S. has tumbled further down a global ranking of the world's most competitive economies, landing at fifth place because of its huge deficits and declining public faith in government, a global economic group said Wednesday.

The announcement by the World Economic Forum was the latest bad news for the Obama administration, which has been struggling to boost the sinking U.S. economy and lower an unemployment rate of more than 9 percent. Switzerland held onto the top spot for the third consecutive year in the annual ranking by the Geneva-based forum, which is best known for its exclusive meeting of luminaries in Davos, Switzerland, each January. Singapore moved up to second place, bumping Sweden down to third. Finland moved up to fourth place, from seventh last year. The U.S. was in fourth place last year, after falling from No. 1 in 2008.

The rankings, which the forum has issued for more than three decades, are based on economic data and a survey of 15,000 business executives.

The forum praised the U.S. for its productivity, highly sophisticated and innovative companies, excellent universities and flexible labor market. But it also cited "a number of escalating weaknesses" such as rising government debt and declining public faith in political leaders and corporate ethics.

The results of a survey of 142 nations comes a day before Obama is preparing to tackle jobs issues in a speech to the U.S. Congress, and just as U.S. polls show a clear majority of those surveyed say they disapprove of the way Obama is handling the economy.

 

Switzerland held onto its top ranking, the forum said, because of "continuing strong performance across the board" with innovation, technological readiness, even-handed regulation and having one of the world's most stable economic environments.

Germany, Europe's economic powerhouse, was sixth, followed by the Netherlands and Denmark. Japan came in ninth, and Britain was 10th. France was 18th, and Greece, saddled with debt, fell to 90th.

The report looked at broader trends: While the U.S. slipped, emerging markets gained traction. China took 26th place, highest among major emerging economies; Brazil was 53rd; India was 56th; and Russia was 66th.

"Fiscal imbalances that have been building up around the world are really a danger to future competitiveness, in terms of the ability of countries to invest in those things that will be very important for competitiveness going forward, things like education, infrastructure and so on," said Jennifer Blanke, an economist with the forum.’

 


Gunman wounds several at Nevada restaurant Washington Post - A man with a rifle shot a group of uniformed members of the National Guard. Officers review evidence, including bullet holes, at the scene of a shooting at an IHOP restaurant in Carson City, Nev. 4 dead, including shooter, in Nev. IHOP attack CBS News  Sheriff: Gunman used AK-47 in IHOP shootingThe Associated Press   Shooting at IHOP Restaurant in Nevada Kills Two National Guard Members, At ... Fox News  [ I heard this breaking story as it came across the radio – the soundbite was from someone being interviewed (I didn’t catch the name or position), who said such as this incident happens in third world countries, not here. Au contraire! Take a good look … from Philly, to Chicago, to Detroit, to Newark, to New York, to Miami, to Los Angeles, etc., to crime rates worldwide (u.s. is no. 1 by far), to pervasive corruption, to pervasive fraud (gov’t sanctioned), to meaningful lawlessness and arbitrary enforcement, to gunboat diplomacy and perma wars, to over-printed ever-more worthless currency, to insurmountable debt (promises to pay, unfounded liabilities) etc., … defacto bankrupt america is a third-world country, and the biggest by far with much further to fall …] 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.] 

 

 

MSNBC Yet Again Implies Criticism of Obama Is Racist Paul Joseph Watson | General Electric-owned (49%) network is earning its federal bailout money. [Yet, it’s holder / wobama who’re the racists … 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). ]

 

 

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 disastrous 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…’

 

 

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  

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/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,

 

 

 

 

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 Holders vows to target financial fraud  WP Obama has promised to hold Wall Street accountable for the meltdown.    America Is a Failed State Because It Wont Prosecute Financial Crime  Washington’s Blog / the grim economic reality   [  http://albertpeia.com/grimreality.htm           

CRIME STATS(u.s.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 Holders 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    

 


http://www.albertpeia.com 

 

 

 

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:

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

 

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,

 

 

 

 

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  

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/obamadeceptionhighqualityversion.flv    

 


http://www.albertpeia.com 

 

 

 

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 AshToday’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  

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/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  

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/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,

 

 

 

 

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  

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/obamadeceptionhighqualityversion.flv    

 


http://www.albertpeia.com 

 

 

 

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,

 

 

 

 

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  

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/obamadeceptionhighqualityversion.flv    

 


http://www.albertpeia.com 

 

 

 

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  

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/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...
UPDATE: GIBSON GUITAR CEO slams raids as 'overreach'... [ 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!]
JOBS: ZERO...
BROKE: POST OFFICE SYSTEM MAY SHUT DOWN ENTIRELY THIS WINTER... [Good! Let UPS take them over … the usps is totally unreliable]
AMERICA FALLS TO 5TH PLACE...
46.2 million Americans are now poor...

22% of children in poverty...
Dramatic drop in median income...
Likely to worsen...
POVERTY SOARS
SETS NEW RECORD

POLL: OBAMA 41% ANY REPUBLICAN 47%...
RE-ELECT: 41%...

'AIMLESS OBAMA WALKS ALONE'...
'Loner'...
AP: Disconnected from reality...
STUDY: USA not in top 10 for starting a business...
NEW DOWNGRADE THREAT
NUMBER OF 'NEAR POOR' STARTLES CENSUS...
MSNBC Matthews Turns On Obama...
'I Hear Stories That You Would Not Believe'...

COMPANY SHOCK: 'WE'RE NOT HIRING UNTIL OBAMA GONE'
OBAMA LOSES SUPPORT FROM BLUE COLLAR DEMS...
RUSSIAN ANCHORWOMAN FLIPS OBAMA THE BIRD...
FITCH TURNS NEGATIVE ON US
Obama's Job Approval Drops Below Carter's...

S&P Downgrades Dozens Of Global Banks...
REPORT: Hank Paulson passed inside information to fund managers...
'OBAMA IS A CORPORATE PUPPET'...
15 EU Nations Placed on Negative Credit Watch...
Huntsman: Trump debate 'is a joke’ [ Yeah! He’s got that exactly right … after all, what can you expect from the joker, trump … a joke of course, or worse! ]'
PERRY WON'T KISS THE RING
BACHMANN WILL NOT ATTEND
Obama celebrates Hanukkah at White House...
TWO WEEKS EARLY?
LIGHTS ALL THE CANDLES...

'We Never Need an Excuse For a Good Party'[ Riiiiight! There’s plenty to party about in america today, and room for extra vacation time too! ]...
Hill staffers tweet of partying, 'idiot boss'...
GOV'T MOTORS LAYS OFF WORKERS...

Lawmakers press Volt's safety...
Corzine 'stunned' cash can't be found...
Lying 'has to do with your state of mind' [ the’ holder view’ that loses hold of reality in those ethereal nether reaches of the mind that precludes rationality’- nothing to see here says he, it’s all in his mind … riiiiight! ]  ...
Hundreds of NASA moon rocks missing! [ Yeah … the clearly petrified wood ones … fewer pieces of clear evidence that THEY NEVER SET FOOT ON THE MOON! http://www.freerepublic.com/focus/f-chat/2325971/posts  (you know … from all those trees on the moon … from waving too hard in the breeze on the windy -NOT,no atmosphere- moon like the american flag in the fake footage … what frauds!)   ]
Astronauts' tracks, trash seen in new moon photos [ The easiest thing in the world to contrive (don’t forget they can with some precision today send robotics to ie., mars, etc.) and doctor so don’t be taken in by their fraudulent b***s***! They’re probably desperately looking for some money / budgetary consideration for their continued boondoggles. No man has ever set foot on the moon to date. 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 - Tariq Malik - CAPE CANAVERAL, Fla. - President Barack Obama set a lofty next goal this week for Americans in space: Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld New Boondoggle promised to save NASA boondoggle defacto bankrupt budget piece of pie. And don’t forget, Bruce Willis and Ben Affleck, et als, have already done this so it’s not as if they’re starting from ‘ground zero’, so to speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but beware say the producers of ‘Species II’ since Eve, the cloned daughter of Sill, might want to mate with astronaut Paddy Ross who has returned from Mars as a space alien host body. First fake moonwalker blasts Obama's space plan  msnbc.com - Bill Ingalls - The first man to pretend to walk on the moon blasted President Barack Obama's decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not going with the new movie is “devastating” to america's boondoggle spaced out effort. Fake dutch 'moon rock' revealed a treasured piece at the dutch national museum - a supposed moon rock from the first manned lunar landing - is nothing more than petrified wood, ...bbc news bbc news | europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of moon rock given to an overseas politician by the united states is actually a lump of petrified wood, museum authorities revealed yesterday. http://www.freerepublic.com/focus/f-chat/2325971/posts  ... 'Moon rock' in dutch museum is just petrified wood aug 27, 2009 ... http://www.collectspace.com/ubb/Forum14/HTML/000770.html   Fake moon rock at dutch national museum. Rijksmuseum / ap. This rock, supposedly brought back from the moon by american astronauts, http://www.usatoday.com/travel/destinations/2009-08-27-rijksmuseum-moon-rock_N.htm ,  ...    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   ]
China's Hu urges navy to prepare for combat...
REPORT: NKorea making missile able to hit USA...
EURO 'EXPLOSION'...

German Politician: Downgrade Is American Plot...
MF: Corzine expected to plead the Fifth...
Third congressional panel to subpoena...

Dozens arrested in DC...
PAPER: Fed may give money to IMF to help euro zone...
IN ATHENS, BIDEN JOKES ABOUT BAILING OUT GREECE...
EURO DRAGS GERMANY DOWN
PELOSI: DIRT ON NEWT TO COME...
NEWT: 'Thank Pelosi for early Christmas gift'...
IRAN BRACES FOR WAR...

Mysterious blasts, slayings suggest covert efforts in Iran...
REPORT: Iran Has Missing American Drone...

TRUMP: 'Take the oil![Not surprising from a typical american mobster / thief!]'
REPORT: Bill Clinton collected $50k a month from Corzine's MF GLOBAL...

REPORT: Pedophilia rampant in Hollywood...
'SOLD OUT!'
OBAMA: 'I'm going to need another term to finish the job ( of ‘no-change-change’ - in his dreams )'...
OCCUPIERS TURN ON OBAMA
OBAMA LAWYERS: Americans legitimate targets in war on terror...
Only executive branch, not courts, decides...

OBAMA COMPARED TO HITLER, STALIN IN NEW GUN COMPANY AD...
THE (SLIMY) NEWT TO MEET THE (MOBSTER) DONALD...

(VO)
MITT COURTS (WAR CRIMINAL/INCOMPETENT) GEORGE H.W. BUSH...
Ron Paul Hits Gingrich for Hypocrisy…[Indeed! In fact, Ron Paul, if not the nominee should run as 3rd Party / Independent Presidential Candidate! It’s time for pervasively corrupt, defacto bankrupt america to get off the same well-worn path of ineluctable decline and failure! ]...
DoJ makes 'rare exception' to explain deception...

Withdraws inaccurate letter it sent to Congress...
Docs raise more questions about Fast & Furious...
Issa says Holder ouster is up to White House...
FRIDAY NIGHT DOCUMENT DUMP
OBAMA OFF TO HAWAII FOR 17-DAY VACAY...
HO HO HO: UNEMPLOY RATE 8.6%...

315,000 Americans leave work force...
YESTERDAY: Jobless claims top 400K...

House Ethics Committee extends probe into Rep. Jesse Jackson Jr....

Romney visits former President George H.W. Bush [ How totally pathetic! How desperately pathetic romney the flip-flop is! ]

TWIN 'PLAYBOY' PLAYMATES: OBAMA ABANDONED THE HORSES...     Horses could soon be slaughtered for meat in US Horses could soon be butchered in the U.S. for human consumption after Congress quietly lifted a 5-year-old ban on funding horse meat inspections, and activists say slaughterhouses could be up and running...{ Another ‘bullish’ sign for pervasively corrupt, defacto bankrupt America. ‘Soylent green’ just around the corner? [Things are looking very, very ominous: A good business for a bad economy Firms that keep foreclosed homes clean and secure are flourishing in these tough financial times.  (Washington Post) [ See … there you go … great times for the american optimist … who sees an opportunity in every calamity, the rainbow beyond every cloud, the glass half-full, etc.. Whew, close call … and we thought times were tough … and just when we thought everything’s now comin’ up roses, we find out that that ‘glue factory’ we thought was for horses is really a ‘soylent green’ (of the compelling film of the same name) factory. Ah, just kidding; but, the times are getting eerily sordid and desperate and there’ll be no real relief from the onslaught of reality prospectively. It’s really that bad in futuro. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock  Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock  

FED GOOSES MARKETS...
TEAMS UP WITH CENTRAL BANKS...
MERELY 'BUYS TIME' FOR EUROZONE...

RON PAUL SLASHES NEWT...

PENN STATE SUIT ALLEGES MORE THAN 100 INSTANCES OF ABUSE...
Latest accuser says Sandusky threatened to hurt boy's family if he reported...
University purchases .xxx Internet domains to block usage by the porn industry...
As Home Prices Sink, Home Ownership Heads to New Lows...

AMR/american airlines BANKRUPT...
Stock drops 85% to 20 cents a share...

BUSINESSES PLAN FOR END OF EURO...
Eurozone Looks to IMF For Rescue...
Finance Ministers Turn to Radical Ideas...
Approve $11 Billion Loan For Greece...

Store Santas taught to size up parents' wealth, manage children's gift expectations…[Yeah, there’s nothing quite like the psychoanalytical / economic / financial abilities of store santas – america’s so pathetic! ] ...

Germany told it must act to save Europe…[ Who’s goin’ to save Germany? ]...
Impassioned plea for continent to avoid 'apocalypse'...
Warned of 'highly devastating outcomes'...
Just days until collapse?
Deadly NATO airstrikes 'lasted over an hour'...

US image in Pakistan 'worst ever'...
NYT: Obama campaign set to abandon white working class…[Yeah … in favor of, ie., those drugged up ‘workers’ in detroit who were recently exposed in a mainstream investigative report and typifiy the why, along with costs, that jobs have left u.s., etc.]...
Troubled Maxine Waters set to take over on powerful committee...

PAKISTAN: 24 troops killed in NATO helicopter attack...
RETALIATE: Pak shuts routes into Afghanistan...
Orders drone base closed...
PAKISTAN CUTS US SUPPLY LINES

Burn effigy of Obama...
ULTIMATUM: GET OUT...
NATO braces for reprisals...
AFGHANS: They fired at us...
PAKISTAN ENRAGED
Britain draws up emergency plans for collapse of Euro...
IMF drafting $800 billion bailout plan for Italy, Spain...
REPORT: FRANCE, GERMANY PREPARE TO TAKE DRASTIC MEASURES...
NYT: Time runs short...

Banks brace for breakup of euro...
Cornel West: Ultimate Fight For Entitlements Will Be In 'The Streets'...

RIOTS WARNED...
BLACK AND BLUE FRIDAY… [Come on! These so-called ‘record sales’ a function of greater numbers of store ‘early opening’ desperation, discounting, credit card spending despite falling income, etc., hype and then there’s the hangover as in previous / ongoing crisis to come. ] ...
Woman pepper sprays other Black Friday shoppers 'to gain an upper hand'...
'Girls Punching Each Other' Over Yoga Pants Sale at Victoria's Secret...
VIDEO: Mayhem over $2 waffle maker...
NC police use pepper spray to break up melee...

Obama hits the links again... [Itchin’ for permanent vacation!]
Shoots hoops, takes in a game...

Medvedev Warns: Russia may target US missile sites...

INVESTORS SHUN GERMAN BOND SALE...
Euro on 'Death Watch'...
Black Friday Spending Flat...

Obama hits the links again...
NO THANKS! WORST SINCE 1932

IRAN CLAIMS ARREST OF 12 CIA AGENTS

U.S. ranks 25th in life expectancy -- lower than Chile and Greece...
WALL STREET SERVES MORE TURKEY…[Actually, it’s their fraud and b***s*** catching up with reality]...

MESS SPREADS TO BERLIN...

NATO airstrike kills 6 children in Afghanistan...

Triple bombings in Iraq kill 19...
'Vigilantes' on the prowl...

REPORT: Latest Sandusky accuser a family member...
DEBATE NUMBER 11...

Sparks Fly...
Ron Paul: Patriot Act Is 'Unpatriotic'...
ROMNEY PROMISES FIRST TRIP AS PRESIDENT WILL BE TO ISRAEL…[romney just gets more and more desperately pathetic!]...
Gingrich: Cutting off gasoline would contain Iran...
Contenders square off on immigration...
WIRE WRAP...
PAUL'S TIME TO RISE!?

Obama pal Rezko gets 10 years in jail...
NASCAR Crowd Boos Michelle..
[Never a previous fan (that round and round and round– but I do like the flats in horse-racing - Go Big Red {‘Secretariat’, a terrific film} ), I think I’m going to change my mind in light of the fans’ display of good taste!]
White House plans celebration of 'country music'...

Gingrich to Occupy Wall St: 'Go get job right after you take a bath'...[National response to slimy newt: go get a real job right after you take a bath]

Israel; 'Time has come' to act on Iran... [Time for the world to act on illegal nuke totin’, war crimes nation israel]
Iran conducts 4-day air defense drill...
Israel shuts down dovish radio station...
TRUMP(Mobster in Chief?): I MIGHT STILL RUN (In his Dreams – Those Fuher Hitler tapes he ‘religiously’ listened to have inspired him)!

Releases financial disclosure statement...
SUPERFAILURE

Slimy newt says: I'm the best b***s***artist...
WIRE: Ron Paul gaining traction...
NEWT: I'm no Bill Clinton …[Yeah, hypocrite, he’s worse, that very slimy newt] ...
Looking for budget cuts, Congress bickers over what 'defense' means...

European missile defense shield on the chopping block...

Police clash with protesters in Tahrir Square over military rule...
ARAB FALL: PROTESTS RAGE IN CAIRO...
HERE WE GO AGAIN: Britain in secret talks with Syrian 'rebels'...

Clinton says there could be civil war...
Russia warships to enter Syria waters...

MORE PAIN IN SPAIN...

LAWSUIT: Man fired for not wearing '666' sticker at work…[He should be reinstated and receive damages!]...
IT TURNS BLOODY...

Fury At Sinking Economies Drives Global Demos...

GE filed 57k-page tax return; paid no taxes on $14b in profits...

SHOCK POLL IOWA: GINGRICH 32% ROMNEY 19% CAIN 13%… { How pathetic and downright stupid americans have become. gingrich is as big a b***s*** artist as wobama and similarly has a scandal-ridden track record of failure, including that inside ‘money for nothing’ deal with taxpayer drain freddy’s fannie! But again, that’s no endorsement of anyone else. What a totally lost in failure nation america’s become. }...
Sandusky interview prompts long-ago victims to contact lawyer...

STUDY: Middle-class areas shrinking...
Banks in USA Facing 'Serious Risk' on Contagion From Europe...

USA DEBT JUMPS TO $15 TRILLION...
Fed Now Largest Holder, Surpassing China...
Challenge to dollar's dominance 'within decade'...
OIL STARTS NEW SPIKE....

$102...
CNN POLL: Whites give president thumbs DOWN 61%-36%; Non-White thumbs UP 67%-32%...[Oh come on. Let’s get real here. Despite his blatant failure, ‘wobama the b for b***s***’ will still get 99.99 percent of the black vote. Forget them!]
Penn State coach says he stopped shower assault...
‘…McQueary was placed on administrative leave last week after Penn State officials said he had received threats. According to the grand jury report, the graduate assistant said he saw a boy, whose age he estimated at 10 years old, "being subjected to anal intercourse" by a naked Sandusky (according to u.s. forum posts sandusky is a polish jew whose mother’s maiden name is fittingly ‘gross’ www.topix.com/forum/us/TM9KO1A74D6VPVFS7   ) in a shower at the Penn State football building in March 2002…’
Paterno in line for $554,000 annual pension...
SANDUSKY ADMITS TO SHOWERING...

NYT: 10 more accusers come forward...
SHOCK: Teacher Arrested For Masturbating Behind Podium During Class...[inherently criminal, mentally ill americans are perverse degenerates]
Trend forecaster Gerald Celente's gold account emptied by MF GLOBAL...

'2 Bad Corzine didn't die in his car accident!'
ANGRY CUSTOMERS...
Saudi prince warns against any attack on Iran...

REPORT: Iran poised to choke oil supplies if hit by Israel...
Ready to help Turkey with nuclear plant...
Oil price again flirting with $100...
Post office near default? [So what! Let UPS take over the poorly  managed, unreliable usps.]… Losses mount to $5.1B...

OBAMACARE TO SUPREMES...
5 1/2 HOURS: High Court to Rule on Obama's mandate...
26 States Want Entire Law Struck Down...
Decision 4 Months Before Election Day...
Justice Kagan called to recuse herself...
DAN RATHER: '(gingrich) Dangerous as a wounded wolverine'...
Obama: America's 'Been A Little Bit Lazy'…[like their vacation-prone potus]...

SOME DEMS REFUSE TO BACK OBAMA...
Bachmann Campaign Accuses CBSNEWS of Bias...
Ron Paul Gets 89 Seconds To Speak In CBS Debate Paul Joseph Watson | Leaked email to Bachmann campaign indicates decision to limit air time for certain candidates was deliberate CBS News policy. [ It’s really quite amazing that retreads, such as the already failed, scandal-ridden slimy newt gingrich (much of america’s current failure had it’s genesis in policies initiated / supported by gingrich; ie., protection from RICO liability for the frauds on wall street, etc.) based on his mere adherence to that which is required of the ‘israeli amen corner’ on capital hill (as pointed out by the perspicacious Pat Buchanan), despite bringing america down thereby, is the shibboleth by which all candidates are being measured. Quite amazingly self-defeating, destructive, and self-destructive for america particularly and the world generally. That’s why cbs is cbs (for cb***s***). Given america’s intractable decline, it’s really quite amazing. But, as we’ve seen, pervasively corrupt, defacto bankrupt america is now fatally beyond shame. Nothing succeeds quite like failure in america; where crime pays and pays well. ]

CHICAGOLAND: Thug punches out older man on train platform... http://www.nbcchicago.com/news/local/Teen-Punching-Man-at-CTA-Stop-Caught-on-Tape-133703583.html?dr [ Typical niggers! Crowd Laughs, Taunts: 'He knocked his ass out!'  ]
UPDATE: PENTAGON WARNED TROOP REMAINS BEING DUMPED IN LANDFILL...

PANETTA CAUGHT FLAT-FOOTED AGAIN...
ABRAMOFF: Congress Members Took Part in Insider Trading...
'THROW THEM ALL OUT'...
CHINA MOCKS US POLITICAL MODEL... { While otherwise agreeing owing to america’s pervasive corruption and defacto bankruptcy and my direct and continuing experience concerning same [
http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf  ,   http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm   ] , in light of china’s communist form of government which is total b*** s***, I’m compelled to say it’s american greed, corruption, and policy errors ‘that’s made china’ in light of their ‘sweat-shop, jailhouse, excessively cheap prison labor’ which is the primary reason for their economic success, coupled with a more rational approach to geopolitics as compared with their irrational, inherently criminal american counterparts. I’d also add to China’s credit that their work force is far more diligent and reliable than that of america where ‘make shift jobs’ are viewed an entitlement to a now ‘make-shift people’, however uneconomic. It’s the pervasive corruption, really, in america, which in China is dealt with harshly, but in america, is rewarded substantially. Crime pays and pays well in america, and is protected by even more crime (bribery, quid pro quo, etc.) among mob (including government) groups, which encourages even more crime (the highest crime rates by far in the world). That pervasively corrupt, defacto bankrupt america is a failed nation requires no clairvoyant prescience to discern. China’s mocking of america is well-deserved and comports with reality. Quite simply, america’s done! That’s reality! }

Thrill-Kills in Afghanistan … [ Now you know why ‘no immunity for crimes / war crimes’ was a deal-breaker for america in Iraq! ]...

'David Axelrod's pattern of sexual misbehavior'...
Panetta Warns Defense Cuts Could Lead to Attack on USA [ Typical incompetent guinea from … california … wow! Look at the pelosi/panetta/boxer/feinstein once great state of california now … horrendous, but substantially better than those corrupt guinea/mafia strongholds new york/new jersey (italian dog-pack mentality). Haven’t their tenures coincided with america’s/california’s decline, with wobama the jive-talking race-card black the coup de gras? america’s defacto bankrupt and all that that entails and the concern should realistically be not attack from without but rather coast to coast from within. The military industrial complex and war profiteers have benefited exorbitantly with the likes of panetta and his ilk; yet the likes of this incompetent boob would have never found a place in the administration of the great but substantially underrated President General Eisenhower, a man of honor and integrity! ( And the last legitimately elected president since the JFK assassination/coup d’etat! ) ] ...
FANNIE MAE taps $7.8 billion more from Treasury, loss widens...
60 MINUTES Expected to Air Investigation of Pelosi Stock Investments...
MILITARY DUMPED REMAINS OF DEAD SERVICEMEN -- IN LANDFILL… [ pervasively corrupt, defacto bankrupt america’s a nation without honor – they’ll use and abuse you, even post mortem ] ...
Alabama county seeks to file biggest municipal bankruptcy...
THE BIG BREAKUP...

Merkel Calls for 'New Europe'...
STOCKS PLUNGE ON FEAR...
Italy's Woes Signal 'Dangerous Phase' in Crisis...
'Contagion Spreading; They've Got to Stop This'...
Greek Unity Deal in Disarray...
THE FALL OF BERLUSCONI...

Humiliated in parliamentary vote...
French ready for pain as debt reality bites...
Victims Double In Penn State Case...
...Boys Raped In Showers
Car of Republican Philly Mayor Candidate Vandalized -- for the 10th Time! [ The ‘city of brotherly love’ that loves the bros! I was recruited by Temple University, but not seriously from my own perspective, infra; but, I had never seen a college wrestling match, so I went along as invited. When we came out from the match, the quiffy spike israel’s ‘little buddy’ jimmy fiore’s car was ‘sitting’ on its rims, all four tires stolen, etc..
--- On Wed, 11/18/09, ethan lichtblau <[email protected]> wrote:
From: ethan lichtblau <[email protected]>
Subject: Your NYU Wrestling Experience
To: [email protected]
Date: Wednesday, November 18, 2009, 11:39 AM

Hi Al,
 
I know of you from my old wrestling coach, Ron Pollack.  I know that you wrestled at NYU, and that you won the Met Championships.  I am writing a book about my own experiences in wrestling, judo, and ju jitsu.  I wrestled in the Met championships in 1984 when they were held at NYU, and I remember seeing an old newspaper article they had on display that talked about you winning the Mets in '72 or '73.  You beat Pollack in the finals.  Pollack's coach was quoted in the article as saying that Ron "gassed out", I'm assuming from nerves.  I am really interested in the phenomenon of "choking" in a sports event due to being nervous.  I was wondering if you had any memories you could share about this particular match?  I know it was a long time ago, but if you do remember anything I would appreciate whatever you could share.
 
Regards,
 
Ethan Lichtblau

Date: Wed, 18 Nov 2009 22:50:55 -0800
From: [email protected]
Subject: Re: Your NYU Wrestling Experience
To: [email protected]

Hello Ethan:

The mother of one of our team mates worked with Ron Pollack's dad who kept telling her how badly Ron Pollack was going to beat me (some others played him up saying he consistently beat his team mate stu pruzansky by substantial margins and other such things). In fact, he took an early lead with a take-down that he was quite good at and I was looking for (something between a firemans' carry and a barrel role)[1972]. However, by the end of the match, he was quite haggard, in tears, and I actually had to hold him up on the podium. My tougher match was the semi's where I met two-time defending Met Champion Ed Rufrano (he got a special trophy for scoring the most team points over a period of time). He was quite strong and although I won, I had slipped a cervical disk (for which I ultimately needed traction - I couldn't even do a push-up after a couple of days which is very humbling when one relies so much on will-power). I had also beaten Ron in the finals of the Freshman Met Tournament. I was injured by the end of the season in the two prior intervening years (interestingly, the neurologist for the herniated disk pointed out that my bones were relatively small compared to my musculature/body-mass). I was fortunate to have a great coach in Roger Saunders (Roger and his brother Richard, a former CIA Agent/Mechanic, were both National Champions). I couldn't imagine Roger saying one of his wrestlers "gassed out", even if true. Ron certainly didn't "choke" in the first period, if at all.


Regards,


Al Peia

______

From: ethan lichtblau <[email protected]>
Subject: RE: Your NYU Wrestling Experience
To: "Al Peia" <[email protected]>
Date: Thursday, November 19, 2009, 2:07 PM

I really appreciate your insights about this.  I never got a chance to speak to Ron about his own college wrestling days.  I only knew him when I was in  high school, where he was coaching a bunch of local high school wrestlers on a part time basis.  He was also helping out at his alma mater
(?FDU) assisting a guy he used to refer to as "Metz" or "Metzy".  By then he was a fairly un-assuming guy and never even told me that he had taken a 2nd at the Mets when he was in college.  By the time I went off to NYU Ron had left town to go to chiropractic school, and I don't think we ever saw each other again.
 
I now remember what struck me so much about that article that was posted at NYU.  It was accompanied by a picture of three guys on the podium.  You were holding Ron up and he was crying.  It's really a classic picture, even more so because unless you know the "back" story you can only imagine what is going on in the wrestler's heads at the moment the shot was taken. I saw this picture once about 25 years ago and it still sticks in my head.  I was wondering if you could clarify:  I am assuming your coach was named Saunders.  He wasn't the one who spoke of gassing out.  Like I said above, I thought Ron was coached at FDU by a guy he used to refer to as "Metz".  It was either Ron's coach (whoever he might have been) or perhaps Ron himself that stated in the article that Ron had "gassed out".  I also remember now that there was some suggestion that he had come down with a flu, which might explain his reaching a state of exhaustion by the end of the match.  Or perhaps you just kicked his ass in in the last 2 periods.
 
Speaking of Stu Pruzanski,  I never met him , but I knew his brother Dave a bit.  Dave owned a gym in the early '80's and our Judo club used to work out there for a while.  This was another guy who never really told you much about himself.  I only found out years later that he once wrestled Gable to a tie.  He was also the only guy to ever win US National championships in Judo, wrestling, and Sombo, all in the same year.  (?1972).  Years later, maybe 1985 or so, he decided to make a comeback in Judo.  He cut a shit load of weight and ended up fighting me in the finals of a small regional tournament.  I beat him by decision, but really got no satisfaction out of beating a guy who was so out of shape.  Can't remember if this was before or after one of his kids committed suicide.
 
Ethan
 


 

Date: Thu, 19 Nov 2009 23:49:19 -0800
From: [email protected]
Subject: RE: Your NYU Wrestling Experience
To: [email protected]

Roger Saunders was my coach at NYU and clearly, a great one at that, who subsequently went to Bloomsburg where he was ultimately Athletic Director on last info. Bob Metz had quite a few winning teams at FDU, but he was not Saunders whose brother's wrestling success I alluded to so as to emphasize his wrestling prowess as no fluke. The last I heard of Dave Pruzansky he was diving out of a window of his house to evade police who had busted his drug-dealing operation. As a wrestler he was no joke and you did well to beat him and are too modest. I included reference to pruzansky because they developed a very curious, bizarre, and almost gang-like mentality within their "wrestling click". Upon information, many (if not all) of their clique "amped up" on amphetamines before their matches. Very close to their clique was the very weird and corrupt ref spike israel. The very quiffy spike israel had a "little buddy" jim fiore and had recruited David and his little buddy (among others) to Temple University to which he had some connection, and actually attempted to recruit me to same. I didn't take him seriously; firstly, because he told everyone he had been a state champ (bull s**t); secondly, because he had screwed me in a high school match wherein I had pinned leonard pruzanzky in the first period (I had him on his back almost the entire first period and israel gave me no back points, 2 or 3 for near fall, let alone the pin, and just the takedown and I lost by a point on riding time-leg ride). In an open tournament (I think Stroudsburg?), I was looking at the seedings/pairings/chart and David came up behind me pointed to my entry and said to the guy he was with that I had beaten his brother leonard. Roger required our team during one Christmas break to compete in my first and only free-style tournament. I was up two weight classes and David won quite handily. That was the third time I had beaten Ron and frankly, I did grind him into the mat and kick his ass for the late balance of the first period and the remainder of the match.

 

The following is a reply on facebook to someone who said I beat him in wrestle-off and

completes my wrestling story.

Good luck to you in all your endeavors.

Regards,

Al Peia

Howard:

Thank you for your gracious and overly humble comment. Over time, such things become less and less important and I can't say that I actually recall that, per se. As we both know, wrestling was never a pleasant undertaking and although I respect(ed) the sport, I made it a point never to set foot on a mat off season. You may also find it somewhat ironic that I actually had made the basketball team (Hubie Brown for whom I had high regard was varsity coach and Richie Szura the J.V. coach), which sport I enjoyed; and in a meeting arranged by Dan Deluca (I had won a tournament in junior high and the match against the rival Thomas Jefferson Junior High) with Coach Szura wherein Szura nicely but candidly told me that although I had made the team, "that I wasn't the tallest of angels" (which I thought was very funny and we all laughed) and essentially I'd be warming the bench while Deluca guaranteed me a varsity letter for wrestling the easy matches since varsity wrestler Richard Zocco was having difficulty making weight (he never made weight). As trite and cliched as it sounds, it was the varsity letter guarantee that sealed the deal (and in my mind, the prospective "help with the babes therefrom" - actually, it was only the pretty sophomores with whom it ultimately paid dividends so to speak - how very high school). I had a great Coach in Roger Sanders who recruited me to NYU (Roger and his brother Richard, a CIA agent/mechanic, were both national champions). Wrestling has always been an important learning experience for me. Such a kind and humble remark as yours deserved a greater explanation.

Al
                                                                                             ______

From: ethan lichtblau <[email protected]>
Subject: RE: Your NYU Wrestling Experience
To: "Al Peia" <[email protected]>
Date: Monday, November 23, 2009, 5:30 AM

Truly, thanks for all your info.  Interesting that you should mention Spike Israel.  I am assuming that the word "quiffy" is code for "gay".  Spike was coach at Tenafly High when I was in high school, and was known to "like boys".  Apparently he taught the Tenafly guys only one move, the Granby roll, which they were all quite good at, but very little else.  Besides Ron in the early '70's and Steve and Dave Yale in the later '70's Tenafly basically had no decent wrestlers during that period.  Not really sure if this was a coaching issue or recruiting issue.  Our high school (DMHS in Englewood) had former state champ Bob Hurley (Bergenfield) as our assistant coach and former state runner up Reggie Williams (Hackensack) as head coach, and we also fielded very few good wrestlers during those years.
 
Ethan


--- On Thu, 11/19/09, ethan lichtblau <[email protected]> wrote:


From: ethan lichtblau <[email protected]>
Subject: RE: Your NYU Wrestling Experience
To: "Al Peia" <[email protected]>
Date: Thursday, November 19, 2009, 2:07 PM

I really appreciate your insights about this.  I never got a chance to speak to Ron about his own college wrestling days.  I only knew him when I was in  high school, where he was coaching a bunch of local high school wrestlers on a part time basis.  He was also helping out at his alma mater
(?FDU) assisting a guy he used to refer to as "Metz" or "Metzy".  By then he was a fairly un-assuming guy and never even told me that he had taken a 2nd at the Mets when he was in college.  By the time I went off to NYU Ron had left town to go to chiropractic school, and I don't think we ever saw each other again.
 
I now remember what struck me so much about that article that was posted at NYU.  It was accompanied by a picture of three guys on the podium.  You were holding Ron up and he was crying.  It's really a classic picture, even more so because unless you know the "back" story you can only imagine what is going on in the wrestler's heads at the moment the shot was taken. I saw this picture once about 25 years ago and it still sticks in my head.  I was wondering if you could clarify:  I am assuming your coach was named Saunders.  He wasn't the one who spoke of gassing out.  Like I said above, I thought Ron was coached at FDU by a guy he used to refer to as "Metz".  It was either Ron's coach (whoever he might have been) or perhaps Ron himself that stated in the article that Ron had "gassed out".  I also remember now that there was some suggestion that he had come down with a flu, which might explain his reaching a state of exhaustion by the end of the match.  Or perhaps you just kicked his ass in in the last 2 periods.
 
Speaking of Stu Pruzanski,  I never met him , but I knew his brother Dave a bit.  Dave owned a gym in the early '80's and our Judo club used to work out there for a while.  This was another guy who never really told you much about himself.  I only found out years later that he once wrestled Gable to a tie.  He was also the only guy to ever win US National championships in Judo, wrestling, and Sombo, all in the same year.  (?1972).  Years later, maybe 1985 or so, he decided to make a comeback in Judo.  He cut a shit load of weight and ended up fighting me in the finals of a small regional tournament.  I beat him by decision, but really got no satisfaction out of beating a guy who was so out of shape.  Can't remember if this was before or after one of his kids committed suicide.
 
Ethan

Ethan:

"As a wrestler he was no joke and you did well to beat him and are too modest."
To reiterate: you are far too modest!

 Good luck to you in all your endeavors.

 Regards,

Al Peia

RUSSIA [ The Rational Pan-European Nation ] WARNS AGAINST STRIKE ON IRAN...

PAPER: Wall Street 'MORE profitable'...
Extreme Poverty Now At Record Levels...

REPORT: Greek PM to resign today...
'Point of no return'...
BERLUSCONI TO BAIL?

Intrigue and betrayal in Rome...
Speculation over departure roils markets...
Italy: Too Big to Fail, Too Big to Save?
Allies push Berlusconi to resign...
'The beginning of the end'...
Italy protesters rally against Berlusconi...
... While Silvio naps
Defiant Berlusconi refuses IMF bailout...

US approaches $15 trillion debt limit...
CHINA: Europe induces 'sloth, indolence'...

TRUTHFUL TRASH TALK (ABOUT ISRAELI TRASH) BEHIND ISRAELI LEADER'S BACK Report: Sarkozy calls Netanyahu 'liar'  Microphones accidently left on after G20 meeting pick up private conversation between US, French presidents. Sarkozy admits he 'can't stand' Israeli premier [ Yes … netansayahu! ]
12 US TROOPS KILLED...
FREDDIE MAC seeks further $6 billion from taxpayers...

AIG records biggest loss since 2009...
'I will never stand for national anthem again. I will turn my back and I will raise fist'...

Judge Tosses TSA Case; Lawyer told ruling 'national security'...

LEAVING 'FASCIST AMERICA', VENTURA OFF TO MEXICO

WHITE HOUSE REJECTS SOLYNDRA SUBPOENA...
US approaches $15 trillion debt limit...
G-20 Fails to Agree on IMF Resources...

Suicide bomber targeted American NATO bus in Kabul...
TALIBAN CLAIMS CREDIT...
POLITICO: Two women accused Cain of inappropriate behavior… [ Read my lips: NO NEW NIGGERS! … even a fallen despoiled nation in intractable decline as america can do better than that; ie., wobama v. cain ? (besides, there’s that ‘cancer problem’, amidst scandals exceeding ‘pubic hairs on soda cans’); this is no endorsement of anyone else. As a matter of fact, that there are two niggers vying for the presidency is a testament to how far america has fallen. Maybe pervasively corrupt, defacto bankrupt america can look to sub-saharan africa for their models of governance.  IT’S OVER: Cain Is Done Business Insider | The scandals swirling around Herman Cain today will be fatal to his presidential ambitions.  ] ...
Cain Chief Of Staff Calls On Perry Campaign, POLITICO To Apologize...

'Chicagoland hit'...
Debt Increased $203B in Oct.: $650 For Every American...

Number of Americans on food stamps rises 8% to 45,800,000...
Greek Vote On Bailout Plan Due 'Within Weeks'...

Fears rising about impact of euro on daily life...
France, Germany demand decision...
FBI moves in on Corzine's MF GLOBAL...

FLASHBACK: Corzine floated for Treasury Secy...
China (the rational nation financially, economically, geopolitically) sells missiles to Iran in violation of UN sanctions (where are the sanctions against israel/america et als for war crimes, violations of international law/u.n. resolutions, etc.) ...
Israel test-fires missile that could hit Iran...

NETANYAHU RALLIES SUPPORT FOR ATTACK...
UK steps up plans for possible strike...

Greece Vote on Bailout STILL ON...
Gov't 'On Verge of Imploding'...
Military Chiefs Replaced...
ON THE BRINK...
STEVE JOBS DEAD
EU leaders race to save deal...
Emergency meeting in Cannes...
Vote threatens Sarkozy re-election plans...
PAPER: World faces years of social unrest as economies falter...
Herman Cain: The Attacks On Me Are Racially Motivated … [There it is … the race card … riiiiight!] ...
CONDI TO CAIN: DON'T PLAY THE CARD...

ISRAEL AUTHORIZES 'GROUND OPERATION' TO STOP GAZA ROCKETS...
Washington fears unilateral strike on Iran...
Israel improving nuclear abilities[ War crimes nation, illegal nuke totin’, defacto bankrupt american albatross israel keepin’ america’s direction and attention misdirected ]...
NEW ORLEANS: 15 shot, 2 dead in Halloween shootings [Yeah, those niggers really love ‘candy’ of any kind]...

FLASHBACK: 'I'M READY FOR HIGH-TECH LYNCHING'...
Second Energy Department-backed company goes bankrupt...
Corzine's MF GLOBAL files Chapter 11...

Likely Among the 10 Biggest Bankruptcies Ever...
Iran demands apology over Saudi ambassador assassination plot charge...
Palestinians win full membership on UN cultural agency … [ This is both productive and positive! ] ...
WORLD SERIES WILD! [Congratulations to the St. Louis Cards … I’m so glad they won since bush / bushes no doubt were routing for their old Rangers team! ]
EU Officials look to Beijing, Tokyo -- borrowing costs rocket...
Cameron: London 'under constant attack' from EU...
GALLUP: OBAMA APPROVAL SKIDS TO NEW LOW...
FIST FIGHT BREAKS OUT IN ITALIAN PARLIAMENT...

MERKEL: We should not take peace for granted...
'Significant new offer' from bondholders...
EU SAVED -- BY CHINA?
SUMMIT FATIGUE: Endless gatherings take toll on leaders...
Berlusconi forced into corner...
FARRAKHAN LASHES OUT AT OBAMA; CONDEMNS GADHAFI 'ASSASSINATION'...

AUDIO...
DOOM: Fears euro summit could miss final deal...

'Unknown territory'...
No bet on disaster...
Finance ministers cancel meeting...
Berlusconi fights to save coalition; Gov't on brink of collapse...
Greenspin: European Union Doomed to Fail...
Japanese yen jumps to new postwar high...
KILL BOUNCE: OBAMA MOVES UP TO 44% AT GALLUP… [I don’t believe this poll number for even one second … this is solely a manipulated ‘pavlov dog conditioning’number]...

Treasury considers 'new' debt security...
Bank Predicts Another US Downgrade -- In Just Few Weeks...
EU 'bank failures will crash Wall Street'...
Pressure on Italy...
New euro 'empire' plot by Brussels...
Germany's economic might sets off alarms...

Shootings up 154% in NYC ...

Defections by Senate Dems Hamper Message on Jobs...
Unemployment rate rises after Obama visits NC...
DNC's 2012 host state posts highest payroll losses...
DC area tops income list; Avg fed employee makes $126,000 a year…[With the exception of law enforcement, ie., FBI, fed employees are uneconomic and almost without exception, a total waste of money]...

Reid says govt jobs must take priority over private-sector...
Americans' Standard of Living Drops Sharply...
Antidepressant use skyrockets...
RUSSIA: GADDAFI DEATH BREACHED LAW
Greece may need 60% bond writedown; EU at odds...
Greeks ask God for help…[ Not granted! ]...
S&P: France Likely to Lose Top Rating...

EUROPE BRACES FOR 'DOWNGRADE BLITZ'...

FLASHBACK: Gaddafi: Obama is friend...
KILLED IN HOMETOWN...
CAPTURED ALIVE...
'DON'T SHOOT'...
Cost of Libya operation: $1 Billion...
Clinton: 'We came, we saw, he died'...
GRAPHIC VIDEO...
FLASHBACK: Farrakhan: 'That's a Murderer in the White House!'...
HIT LIST: Obama warns other Mid East dictators THEY COULD BE NEXT...
TIMING? U.S. busts two Iranians today over terror plot Obama was briefed about in June... {
U.S. accuses Iran of plot to kill Saudi ambassador [ Oh come on! That’s as likely as wmd’s in Iraq; or, america and israel hatching such a plot so they can blame same on Iran. The point is, when it comes to nations that both war-mongering israel/u.s. would love to make, not love, but war on, they’d literally say anything; even to the point of paying anyone to say anything … yellow cake anyone? (‘Bush and Iraq: Follow the Yellow Cake Road’ Read more: http://www.time.com/time/world/article/0,8599,463779,00.html#ixzz1aWL8TndC ‘...the White House defense, having now admitted a falsehood in President Bush's claim, in his State of the Union address, that Iraq had tried to buy uranium in Africa. Read more: http://www.time.com/time/world/article/0,8599,463779,00.html#ixzz1aWKsd9dp ] }
ENTHUSIASM GAP: Rs 64%, Ds 43%...
POLL: CAIN 43% OBAMA 41%  

WAR DRUMS: Obama Presses Inspectors on Iran Nuclear Data...
Iran's former president warns of possible US attack...
Day of 'Global Revolution'...
FITCH: More Than Dozen Banks May Get Downgraded...
BATTLE ON 'OCCUPY'...

Bloomberg backs down...
Giuliani [ghouliani / mafiani]: I Would've Told OWS Protesters, 'Streets Are Not For Sleeping,' 'Rent A Room' [ from mafia owned / ‘protected’ hotels only, as per political opportunist –9/11, 9/11, 9/11- ghouliani / mafiani ] [ the difference between the facist / neurotic approach of ghouliani and the rational approach of Bloomberg ] ...
'PARTY' IN TIMES SQUARE!
DENVER POLICE MOVE IN...
10 ARRESTED IN SEATTLE...
SD CAMP DISMANTLED...

OBAMACARE ALREADY FALLING APART?

GRENADES TO MEXICO...
Obama Spoke About Fast and Furious Before Holder Claimed He Knew...
SHRINK: Obama suffers from 'father hunger'...

In Holder Subpoena, Issa Also Probes WH Press Aide...
BOOK WARNS OF END...
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PELOSI UNHINGED: Republicans 'want women to die on floor'...
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'Unusual' meeting between US, Iran over plot...
G20 finance ministers gather as time runs out...

Spain Credit Rating Cut...
Europe tempted to save Greek trauma for later...
BUCHANAN: Is the New World Order unraveling?
Panetta warns budget cuts will force retreat in Africa [ Retreat? What alternate universe is this guy from … oh right, ‘the land of fruits and nuts’ ]...
CHICAGOLAND: Video captures two girls violently beating fellow female student...
Tim Holt · Top Commenter
how many KNEW that this would be black girls when you read the headline?’ [ Isn’t that the truth … typical niggers! ]
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WAR DRUMS: IRAN CALLS 'TERROR PLOT' LIE
Saudis say Iran must 'pay the price'...

Hillary: 'Dangerous escalation'...
Warren Buffett made $62,855,038 last year...

Company still owes as much as $1B in back taxes...
CHICAGOLAND: Union boss to rake in $500,000 yearly pension...
Issa subpoenas Holder...
Holder ends press conference after questions on Fast and Furious...

Subpoenas for Atty Gen imminent...
Belafonte: Herman Cain 'is bad apple'...

Cain Fires Back: 'I Left Democrat (for the Republican) Plantation Long Time Ago'...
Afghanistan shuts down graft probe...

Not a single Christian church left in country...
AL-QAEDA QUESTIONS LEGALITY OF KILLING U.S. CITIZEN
TIME SHORT: UK PM says euro has just weeks .. disaster...
100+ 'Fast and Furious' guns found in Mexico cartel home...
HOLDER ON HOT SEAT...

Issa: Subpoenas issued soon...
Iran calls Wall Street protests 'American Spring'...
Chavez slams 'horrible repression' of U.S. protests...
Pope denounces 'inhuman' mafia...

Opposition grows, hardens...
GALLUP: OBAMA AT LOW...
Italy, Spain Ratings Cut by FITCH; Belgium Is Put Under Review by MOODY'S...

FINANCIAL CRISIS 'WORST WORLD HAS EVER FACED'...
MOODY'S Cuts Rating on 12 UK Financial Institutions, nine Portuguese banks...
DEPENDENT STATES OF AMERICA: Nearly Half Live in Households Receiving Govt Benefit...

Wall St protest expected to swell...
FINANCIAL CRISIS 'WORST WORLD HAS EVER FACED'
IT'S OFFICIAL: Housing bust worst since Great Depression...
Sanitation Becoming Concern...
Pelosi on Protesters: 'God bless them'...
LA Mayor Villaraigosa Hands Out Ponchos...
Dallas Federal Reserve Targeted...
Secret panel can put Americans on 'kill list'...
CHICAGOLAND: Bodies double up at morgue...
Post Office's Rescue Plan: More Junk Mail...

College Walk Out Planned; 'Anonymous' Releases Threat Against NYSE...
Occupy Wall Street 'Stands In Solidarity' With Obama Front Group...
Stocks' massive 'melt-up' fans investor fears...
Police, rioters clash in Greece as nation goes on strike...

Geithner warns Europe crisis global threat...
Issa to Holder: Admit you knew...

Holder changes story...
DoJ quietly demotes ATF officials involved in Fast and Furious...
White House screams, swears at reporter for covering scandal...
Is CBSNEWS Silencing Reporter?
Afghanistan violence up 39% over last year...
REPORT: WHouse awarded $5M 'bonus' to state for Food Stamp signup...
DICK MORRIS CLAIM: 'Very Possible' Obama Will Bow Out Of Presidential Race...
'AMERICA'S GOTTEN A LITTLE SOFT’ [Yeah! Soft in the head for tolerating wobama’s b***s***] '
GALLUP: (wobama approval) Back in the 30s...
BLOOMBERG WARNS OF RIOTS...
Assad threatens to attack Tel Aviv in case of NATO strike...

Russia, China veto UN resolution on Syria…[Rationality Prevails!]...
Clashes in Saudi Arabia leave 14 wounded...
Police open fire on civilians... [But this is ok because saudi arabia’s a doormat for israeli/u.s. interests]
GOP calls for special counsel to investigate Holder... Developing...
WHEN DID HE KNOW?
Holder changes story about ATF gun-running op...
'Either Incompetent' or 'Misleading Congress'… [How ‘bout both! … he’s typical!]...

White House screams, swears at reporter for covering scandal...
'RECOVERY CLOSE TO FALTERING'
Michael Moore: The Rich Are Out Of Control, Kleptomaniacs And Sociopaths...
Michelle Obama's Africa Vacation Cost More Than $432,142...

Daughters listed as 'senior staff'...
ESPN YANKS HANK WILLIAMS JR. FROM 'MONDAY NIGHT FOOTBALL'...

LIKENS OBAMA TO HITLER...
VIDEO...
PUTIN EYES 'EURASIAN UNION'
PAPER: China or USA? Make your choice...
Greece Falls Into 'Death Spiral'...

RON PAUL FLOATS IMPEACHMENT FOR DRONE KILL OF U.S. CITIZEN...

'YOU'RE NOT BETTER OFF'...
Claims 'underdog' status for 2012...
POLL: Majority expect him to lose...
Cantor: Obama's Jobs Bill Dead; His 'All-Or-Nothing Approach' Is Unacceptable...
Mosque Set on Fire in Israel...

REUTERS: Christie faces White House decision this week...
[ To be president of the now disunited states like no time since the civil war, one really must want to be president. Governing new jersey is probably the easiest political position in the world inasmuch as the same is totally controlled. New york is a close second to jersey in those terms, complicated only by the arrival, politically like never before, of the wall street frauds (the fraudulent goldman era, beginning more serious than ever politicking with rubin, paulson, etc., probably owing to their far larger frauds for which they needed ‘protection’ in the form of ‘political muscle’ – which they got.). The gangs of jersey, new york have a history that’s endured in terms of impact longer than the political parties themselves; proximity to and control of the local vote multiplied many times by the controlled localities ‘they serve’. In jersey, you can’t get elected without the mob; in some areas the mob controlling both parties. [ brendan byrne, who brought the final take-over / scourge / quid pro quo, viz., the casinos, james florio, mario cuomo (progeny andy cuomo), etc., had publically known mob ties. Less conspicuous would be the likes of old money play-along tom kean, whose desperation to breathe life into the moribund political career of his son is evident to all; including his cover-up report on the 911 incident which was probably the worst of its kind since that other non-jurist, politician / former governor of California warren report / cover-up of the coup d’etat / JFK assassination. Just who are these so-called ‘conservatives’ holding back funding while urging jersey christie’s run ‘for the gold’. No … I couldn’t care less about his girth, the goodyear blimp / humpty dumpty jokes, etc.. Yet, one has to wonder why a prior decision, given even further consideration upon God knows who’s self-interested prompting, is suddenly firm today yet malleable tomorrow. Forbes, (and hannity I suspect), of jersey himself (themselves) seems close to this yet one still must wonder ‘what the deal is’. More importantly, for jersey (n.y.) candidates, ‘with whom’. That wobama, as a black man realistically / potentially viewed as the ultimate outsider, would make promises that got him elected, yet renege on nearly all of same is a testament to how totally controlled these gutless politicians are and proving how such lack of courage spells not only their own unequivocal failure (wobama as bush failure 3, et als), but certainly for that of the nation as well (
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  ). Quite simply, there is really no good reason why a jersey politician should change his mind about something that should be at one with the person himself. After all, we all must at least assume jersey governor Christie is a man of reason who previously made an unequivocal, publically announced, widely covered decision for what must be assumed a good reason. ]
FORBES: CHRISTIE DECISION WITHIN 72 HOURS...

CLASH ON BROOKLYN BRIDGE...
More than 700 arrested in 'Wall St' protest...
Dozens cuffed in Boston after targeting BANK OF AMERICA...
Protests spread across USA...
Los Angeles...
Chicago...
Denver...
Seattle...
Greece to Miss Deficit Targets Despite Austerity...

'Leaders are pushing the world into Depression'...

Al Sharpton's office admits handing out possibly bogus stimulus check forms...

Iran Supreme Leader: Palestinian UN statehood bid doomed to fail...
Hamas: 'Resistance' against Israel is only option left...
STOCKS SUCK...

Wall St. ends rotten quarter in sour mood...
Dow Notches 12% Drop...
No Rise in Home Prices 'until 2020'...
Feds: SOLYNDRA Won't Reveal Contracts, Customers or Exec Bonuseslt (typical american boondoggle) ...

DOE pushing ahead with $5b more in solar loans (another american boondoggle) ...
Strikes hamper Greek rescue effort...
Sarkozy, Merkel to Meet...
$200K Per Job? Geithner Says White House Plan Still Bargain … [ Riiiiight! .. In what alternate reality beyond political desperation mode? ] ...
GERMANY SLAMS 'STUPID' US PLAN FOR EURO...

CHAOS: THOUSANDS LINE UP IN PHILLY FOR FOOD STAMPS...
Protester calls Obama 'Anti-Christ'...
Fundraising plunges...
'Titanic struggle' for re-election...{  Axelrod: Obama faces 'titanic struggle' [ Yes indeed! A titanic struggle for control of the Titanic, the USS Titanic, sinking from its own  weight of pervasive corruption, defacto bankruptcy, and fatal, immutable structural flaws! ] }
CA CITY HAS 32.4% UNEMPLOYMENT RATE!
POLL: Paul beats Obama 51-49...
COPS: Mob of girls charge house after high school fight; 2-year-old girl shot...

DEM GOV. CALLS FOR 'SUSPENDING ELECTIONS' … [ the wobamanoid plan … for even greater nation-breakin’ disaster! ]...
Former Obama budget director: 'We need less democracy' to 'counter gridlock' [ How desperate, these wobamanoids… How pathetic! ] ...
Split over Greek bail-out terms...
NOW IMF NEEDS BAILOUT!
PUTIN FOR LIFE...
Police in Moscow raid bank of political opponent...
Finance chief rebels...
Merkel: Greek default would destroy faith in Europe...
French left seizes Senate majority, hurts Sarkozy...
Plan B: Flood markets...
S&P: Larger Fund Could Weigh on Ratings...
SIX WEEKS TO SAVE THE EURO...
IMF to increase resources to more than $1 trillion...
Wall Street protesters pepper-sprayed, cuffed...

90 arrested...
VIDEO: Wild scene...
Catalonia's last bullfight … [How wise, and nothing less than what one would expect from the place that has given rise to among the greatest artists in the history of this world.] ...
PAYBACK [ Retaliation ]: S&P Could Face Legal Action From SEC Over Ratings...

SUMMER SALE: Dow plunges 391 points...
Global markets tumble 4%...
ZOELLICK: 'World in danger zone'...
SOROS: USA already in double-dip...
Abbas moves for statehood...

'We shall not recognize a Jewish state'...
NETANAYAHU is a 'Theater of the absurd'...
Calls UN 'House Of Lies'...
CLASHES IN WEST BANK...
LIVE...
Pakistan warns US: 'You will lose an ally'...
SHUTDOWN: Harry Reid kills bill to keep gov't running...

Postpones disaster relief vote...
...for Dem party, fundraiser at island retreat!
BLOW: Obama fundraiser got $107m in federal tax credits for wind power...

Credit stress 'reaches pre-LEHMAN danger levels'...
BAD BLOOD: Bill Clinton: Netanyahu killed peace process...
GLOBAL SYSTEM UNDER PRESSURE...
GALLUP: 55% DISTRUST MEDIA...
Palestinians Delay Call for Quick Vote...
State bid 'only alternative to violence'...

UN chief urges Israel 'restraint'...
Obama re-affirms desire for Palestinian state...
Venezuela, Cuba defend Iran...
IMF warns on global financial system...

MOODY'S downgrades three US megabanks...
Man returns with shotgun after TACO BELL worker forgets hot sauce...

IHOP Hires Bouncer To Control The Rowdy...
Approval Among Liberals Hits All-Time Low...
LIBS VOW PRIMARY CHALLENGE AGAINST OBAMA
IMF WARNS: INTO THE DANGER ZONE...
...warns of USA 'lost decade'
USA building secret drone bases in Africa, Arabian Peninsula...
Chavez: Israel committing genocide...
Iran: Israel killing our nuclear scientists...
Palestinian move hits Dem vote base; Republicans woo Jewish electorate...
Israel Floats 'Interim Solution' To Palestinian Statehood Debate … [ Half measures will not do! Too much time, resources have been wasted! Time for the ‘final solution’… the choices: peaceful or non-peaceful; rational or irrational; reasonable or unreasonable! There has been nothing to have changed the reasonable expectations created by secretary of state clinton herself in espousing this administration’s unequivocal position espousing Palestinian statehood! ] ...

REPORT: SOLYNDRA execs to plead Fifth...
HOUSE TO PROBE OBAMA ACTIONS ON GOV'T LOAN...
Second witness says White House tried to steer testimony...

Air Force general claims he was pressured...
WIRELESS: Obama invested in Falcone-funded Co....
FLASHBACK: 'I thought about going to Warren Buffett, and I decided it would be embarrassing I only had $100,000'...
CHICAGO TRIBUNE: Why Obama should withdraw from 2012 race...
Black Caucus chairman: If Obama wasn't president, we would be 'marching on the White House'… [ Which means typically,  reasonably as suspected, the black caucus is racist and without any credibility whatsoever; particularly in their support of wobama, ‘the last negro’ … What an insecure, jive-talking, stereotypical dismal failure wobama’s turned out to be … he’s totally pathetic … he’s proven to be just another of his type who’s gotten by on b***s*** and ‘special understanding / consideration’  his entire life … yes, the last negroe! … wobama’s basically re-running his last and now endless campaign expecting all to believe him this time around … this last negroe! ] ...

OBAMA'S JOBS BILL WON'T BE READY UNTIL NEXT MONTH, AFTER ANOTHER VACATION...
$3 in tax hikes for every $1 in spending cuts...
NEW BOOK TELLS OF DISCORD IN OBAMA ECONOMIC TEAM...

Women 'excluded and ignored'...
REPORT: Rahm threatened to burn down house of statehouse foe...
Protesters hit Wall Street...

'US Day of Rage'...
Cops Lockdown Wall Street From Day of Rage Protesters
$1,500,000,000,000 IN NEW TAXES
GREEK BLEAK...
WREAK...
RETIREE BENEFITS FOR THE MILITARY COULD FACE CUTS...
Fed Expected to Launch New Program as Europe Boils...
Europe digs ever deeper debt hole...
Palestinians demand statehood...
Holy Land clerics bless...
Jewish groups worried by Vatican gesture...
Obama faces awkward dilemma...
NYC security on alert for UN assembly...
Emergency meetings to avert Palestinian crisis...
TURKEY PROPOSES PARTNERSHIP WITH EGYPT...
VETO THAT COULD CHANGE THE WORLD...
Palestinian leader ignores US warnings on UN statehood...
Israel ups West Bank forces...
Anti-Israel subway signs in NYC spark religious war of words...
Geithner warns EU of 'catastrophic risk'...
Europe bristles at lecture...
US could be on hook for bailout… [ Come on! Let’s get real here! Pervasively corrupt, defacto bankrupt america can’t even bail itself out! ] ...
Eurozone possible nightmare scenarios...
NEW 'WAVE OF FORECLOSURES'...
BIG JUMP IN JOBLESS CLAIMS...
INFLATION RISES...
SOLYNDRA among 5 stimulus firms to go under...

Intimidation / Bullying: israel warns of 'harsh' consequences of Palestinian UN bid...
Wobama: ‘GIVE ME A WIN, GIVE ME A BREAK, LOVE ME!'
Cherokee Indians say they can kick blacks out of tribe… [ This should go without saying; after all, while blacks may be u.s. citizens, they’re certainly not Cherokees … let’s get real here – let the u.s. government retroactively honor their many treaty obligations /  violations to the native inhabitants of this land from whom such lands were stolen! ] ...
Geithner: Economy In 'An Early Stage' Of Crisis...
'Hoping for sometime' to get fired...
Dem Rep: Americans don't deserve to keep all of their money...
MOODY'S downgrades 2 French banks...

International alarm over euro zone crisis grows...
Europe's banks staring into abyss...
PLO: Palestinian state to be Jew-free [ Sounds like a Plan … for peace, peace of mind, and prosperity! ] ...
BILLIONS AND BILLIONS: GE to Buy Back Shares From Buffett...
Rumsfeld cancels NYT subscrip over Truthful Krugman piece...
100 protesters burn American flag outside U.S. embassy in London...
Israel facing 'diplomatic tsunami' with Arab neighbors...

Crisis threatens Mideast ties...
US pleas ignored as mob attacked...
Warning of 'orderly default' on Greek debt...
KRUGMAN: Bush, Giuliani 'fake heroes' who cashed in 'on horror'...
BUSH [ Yeah! bush indeed knows all about this because he is evil and lacks courage! ]: 'One of the lessons of 9-11 is that evil is real, and so is courage'...

$447B JOBS BILL: $421B FROM TAXPAYERS...
BILL SHIFTS INCOME CUTOFF DOWN TO $200,000...
JUST $40B COMES FROM OIL, GAS TAXES...
TAB FOR CORP JET OWNERS: $3 BILLION...
Obama to Tout Jobs Act at Donor's Company...
ITALY TURNS TO CHINA FOR BAILOUT
Jordan Abdullah: Israel situation more difficult than ever...  [ Op-ed: israel doesn’t really want peace  http://www.ynetnews.com/articles/0,7340,L-4118832,00.html  ]
Russia supports Palestinian statehood...
U.S. BOOTS ON THE GROUND IN LIBYA...
NOONAN: We'll Never Get Over It...

NYPD launches Its Own Navy, 1,000-Man Army, Tanks...
'Dirty Bomb' Fears...
NBCNEWS TWITTER account hacked, published fake terror alert...
Egyptian protesters pull down Israel embassy wall … [ Congratulations! Well Done! ]  ...
STOCKS SLAMMED...

Obama jobs package fails to lift spirits...
Global slide...
Berlusconi says has 'no power' as Italy crisis bites...
Greek PM to give speech amid hostility...
World Enters 'Dangerous New Phase'...
'Collectively suffering a crisis of confidence'...

FBI raids Obama-backed solar company...
SOLYDRA reps made 20 trips to WH before $500M award...
Fed court tosses out 2 challenges to Obamacare...

Panel of 3 dem-appointed judges, including 2 appointed by Obama...
Afghan journalist killed by US soldier...
ANOTHER $300 BILLION...

'It might not create a single job'...
Makes 'whopper' claim about middle class tax cut...
CARNEY: 'I'm going to shuck and jive'...
TV stations pick football over another Obama jobs speech… [ Indeed they should .. wobama’s total b***s***! ] ...
ACLU to sue over welfare drug testing… [ No constitutional issue here .. Reason? Welfare isn’t a right! Moreover, such a law deters those who would fail such a test from applying which therefore understates the prevalence of the abuse in these difficult fiscal / economic / budgetary times  ]...

California Employment Level Sinks to Record Low ...
Iceland says it was 'bullied' over bank debt...
46 People Shot In NYC Over Holiday Weekend...
Gunfire erupts near Bloomberg in Brooklyn...
7 Killed in Chicagoland...
40% of Europeans 'suffer mental illness'...
Gunman unloads inside IHOP...

9 shot, 3 killed...
2 dead were National Guardsmen in uniform...
NO REAGAN, NO CLINTON...

Another all-time low...
US on wrong track say 75% -- of Californians!
Redford disappointed: 'I'm beginning to wonder just where the man stands' … [ I believe Robert Redford would be a very good and potentially great President! (nothing to do with his position on the environment) ] ...
Stocks Lose for Week as Recession Fears Grow...
Roubini: We Are in 'Worse Situation' Than '08...
More and more Americans call long-stay motels home...
USA: $10 TRILLION IN DEBT…[ Far more than that is the reality ]...
Gov't Battles Copper Thieves...

Miami Proposes 'Task Force' To Combat Thefts...
FAKE CITY WORKER ARRESTED STEALING IRON GRATES...
Power lines in Indiana stripped....
China state paper urges Internet rethink to gag foes...
Obama Calls for Extension of Gas Tax...

Hits all-time low approval among women...
SUMMER BUMMER: Stocks Log Worst August in 10 Years...
Solar company touted by Obama closing -- despite $535 million from feds...

1,100 'green jobs' gone...
POVERTY IN PARADISE: Joblessness in some parts of Vegas exceeds 20%...
RANGE DAYS: 3D head-mount like 'sitting in theater'...
August deadliest month for USA in Afghanistan… [ 66 u.s. soldiers killed ]...
FINAL 'FINAL' BATTLE IN LIBYA...

REBELS GIVE GADDAFI UNTIL SATURDAY TO SURRENDER...

ISRAEL MOVES SHIPS; IRAN MOVES SHIPS
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). ]

UGLY!

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...

GOP REVOLTS

Obama Threatens Another Veto...
Just hours after urging compromise...
Carney Admits Obama Has No Plan...

OBAMA'S BASE CRUMBLES

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...

80+ DEAD IN NORWAY

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'...

Mullen Accuses Tehran of Arming Iraq Militias… [  Riiiiight! Iraq’s the ‘boogey-man / bad guy’ in Iraq … not war crimes nation america which invaded based on known lies ] ...

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'...

Bachmann: Media wants 'to see two girls come together and have a mud wrestling fight'…[Well, I don’t know about the mud wrestling, but voyeurs all, ‘come together’ sounds about right … playing ‘victim’ does not become a presidential candidate. ] ...

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'...

WH TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private sector jobs. (Laughter.)'...

REPORT: GANNETT to slash more jobs across the country… [ No surprise here for this pathetic shill, rag publisher. The only real newspaper consistent with a tradition of courage, excellence, and respect for the first amendment is The Washington Post …] ...

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.   ]

PAPER: AMERICA'S LOST DECADE?

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:

 

 

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:

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

 

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:

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

 

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,

 

 

 

 

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  

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/obamadeceptionhighqualityversion.flv    

 


http://www.albertpeia.com 

 

 

 

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:

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

 

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,

 

 

 

 

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  

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/obamadeceptionhighqualityversion.flv    

 


http://www.albertpeia.com 

 

 

 

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.

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

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.

#11) If S&P or Moody’s has the sack to downgrade the U.S. AAA rating, a Sovereign CDS default will be triggered and Global Financial Armageddon will be unleashed.

#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  

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/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,

 

 

 

 

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  

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/obamadeceptionhighqualityversion.flv    

 


http://www.albertpeia.com 

 

 

 

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

 

 

Minyanville's T3 Daily Recap: Dow Ekes Out Gain After 416-Point Travel Range, but Market Sees Worst Week Since 2008 Minyanville

 

 

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,

 

 

 

 

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  

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/obamadeceptionhighqualityversion.flv    

 


http://www.albertpeia.com 

 

 

 

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.

#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/cpmforumLate 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 stocks plunge to join in global rout Fri, 05 Aug 2011 Asian shares nose-dive, joining in a global rout, as deep fears about economic growth reach fever ptch ...


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.

#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...

GOP REVOLTS

Obama Threatens Another Veto...
Just hours after urging compromise...
Carney Admits Obama Has No Plan...

OBAMA'S BASE CRUMBLES

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,

 

 

 

 

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  

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/obamadeceptionhighqualityversion.flv    

 


http://www.albertpeia.com 

 

 

 

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,

 

 

 

 

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  

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/obamadeceptionhighqualityversion.flv    

 


http://www.albertpeia.com 

 

 

 

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,

 

 

 

 

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  

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/obamadeceptionhighqualityversion.flv    

 


http://www.albertpeia.com 

 

 

 

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:

 

 

 

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 >  

 

 

http://www.businessinsider.com/heres-the-hilarious-debt-ceiling-comic-strip-you-need-to-see-2011-8#-1

 


Read more: http://www.businessinsider.com/heres-the-hilarious-debt-ceiling-comic-strip-you-need-to-see-2011-8##ixzz1Tw46DbyU

 

 

 

 

 

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.

 

 

Chinese rating agency cuts U.S. debt again Wed, 03 Aug 2011 02:50:00 GMT Chinese main credit-rating agency reportedly downgrades U.S. sovereign debt again and warns of further ...

 

 

 

 

 

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,

 

 

 

 

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  

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/obamadeceptionhighqualityversion.flv    

 


http://www.albertpeia.com 

 

 

 

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/cpmforumLate 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  

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/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/cpmforumLate 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.

 (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.

#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  

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/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/cpmforumLate 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.

#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  

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/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  

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/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...

GOP REVOLTS

Obama Threatens Another Veto...
Just hours after urging compromise...
Carney Admits Obama Has No Plan...

OBAMA'S BASE CRUMBLES

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,

 

 

 

 

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  

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/obamadeceptionhighqualityversion.flv    

 


http://www.albertpeia.com 

 

 

 

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...

GOP REVOLTS

Obama Threatens Another Veto...
Just hours after urging compromise...
Carney Admits Obama Has No Plan...

OBAMA'S BASE CRUMBLES

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...

80+ DEAD IN NORWAY

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'...

Mullen Accuses Tehran of Arming Iraq Militias… [  Riiiiight! Iraq’s the ‘boogey-man / bad guy’ in Iraq … not war crimes nation america which invaded based on known lies ] ...

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'...

Bachmann: Media wants 'to see two girls come together and have a mud wrestling fight'…[Well, I don’t know about the mud wrestling, but voyeurs all, ‘come together’ sounds about right … playing ‘victim’ does not become a presidential candidate. ] ...

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'...

WH TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private sector jobs. (Laughter.)'...

REPORT: GANNETT to slash more jobs across the country… [ No surprise here for this pathetic shill, rag publisher. The only real newspaper consistent with a tradition of courage, excellence, and respect for the first amendment is The Washington Post …] ...

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.   ]

PAPER: AMERICA'S LOST DECADE?

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
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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
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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  

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/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,

 

 

 

 

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  

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/obamadeceptionhighqualityversion.flv    

 


http://www.albertpeia.com 

 

 

 

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  

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/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...

GOP REVOLTS

Obama Threatens Another Veto...
Just hours after urging compromise...
Carney Admits Obama Has No Plan...

OBAMA'S BASE CRUMBLES

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,

 

 

 

 

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  

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/obamadeceptionhighqualityversion.flv    

 


http://www.albertpeia.com 

 

 

 

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  

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/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  

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/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!)

 

 

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,

 

 

 

 

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  

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/obamadeceptionhighqualityversion.flv    

 


http://www.albertpeia.com 

 

 

 

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  

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/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  

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/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:

 

 

 

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  

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/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,

 

 

 

 

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  

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/obamadeceptionhighqualityversion.flv    

 


http://www.albertpeia.com 

 

 

 

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?

 

[$$] Time to Pluck Apple?

 

 

 

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,

 

 

 

 

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  

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/obamadeceptionhighqualityversion.flv    

 


http://www.albertpeia.com 

 

 

 

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:

 

 

 

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  

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/obamadeceptionhighqualityversion.flv    

 

 

 

 

 

 

Why Apple, Google And EBay Will Slash And Burn Investors

 

 

 

[$$] Time to Pluck Apple?

 

 

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,

 

 

 

 

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  

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/obamadeceptionhighqualityversion.flv    

 


http://www.albertpeia.com 

 

 

 

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:

 

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  

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/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  

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/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

 

 

 

[$$] Time to Pluck Apple?

 

 

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:

... 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:

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.

 

ECONOMIC CRISIS ARCHIVE

 

 

 

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  

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/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  

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.    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  

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/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,

 

 

 

 

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:


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  

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.    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 HoldingsMar 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  

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/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 July 11, 2011

 

 

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  

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/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.

 (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  

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.    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  

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/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'...

Mullen Accuses Tehran of Arming Iraq Militias… [  Riiiiight! Iraq’s the ‘boogey-man / bad guy’ in Iraq … not war crimes nation america which invaded based on known lies ] ...

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'...

Bachmann: Media wants 'to see two girls come together and have a mud wrestling fight'…[Well, I don’t know about the mud wrestling, but voyeurs all, ‘come together’ sounds about right … playing ‘victim’ does not become a presidential candidate. ] ...

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'...

WH TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private sector jobs. (Laughter.)'...

REPORT: GANNETT to slash more jobs across the country… [ No surprise here for this pathetic shill, rag publisher. The only real newspaper consistent with a tradition of courage, excellence, and respect for the first amendment is The Washington Post …] ...

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.   ]

PAPER: AMERICA'S LOST DECADE?

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  

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/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  

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/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  

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/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  

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/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  

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/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.

http://blogs-images.forbes.com/investor/files/2011/06/the-atlantic_gdp-and-spending_april-2011-300x154.png

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:

 

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  

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/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  

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/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  

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/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  

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/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

 

 

 

 

Earnings growth cooled in second quarter Fri, 08 Jul 2011 Earnings growth cooled in the second quarter as companies struggled with disruptions from Japan’s erthquake ... Sara Sjølin, MarketWatch  NEW YORK (MarketWatch) — Earnings growth cooled in the second quarter as companies struggled with disruptions from Japan’s earthquake and higher costs, according to analysts polled ahead of Monday’s unofficial start to the reporting season  [I don’t buy any of the foregoing rationale for the more realistic worse than expected results in the second quarter. To be sure, there is no underestimating the global effects of the Japanese disruptions. Moreover, their (Japanese) commitment of capital to domestic concerns will impact international markets still more than currently discounted. Yet, if anything, the Japanese disruption was a ‘non-recurring gift’ to american companies; and hence, worse for american companies to come. ] 

 



 

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:

 

 

 

 

 

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  

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/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

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  

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/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! ] ‘Theres an old Wall Street adage meant to inspire investors that goes its 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 thats 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 years so-called Flash Crash. Who is doing the fundamental work analyzing stocks? In the end, weve 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 OShaughnessy in a note to clients yesterday.

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, its 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  

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/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  

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/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  

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/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  

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/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 - Tariq Malik - CAPE CANAVERAL, Fla. - President Barack Obama set a lofty next goal this week for Americans in space: Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld

New Boondoggle promised to save NASA boondoggle defacto bankrupt budget piece of pie.
And don’t forget, Bruce Willis and Ben Affleck, et als, have already done this so it’s not as if they’re starting from ‘ground zero’, so to speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but beware say the producers of ‘Species II’ since Eve, the cloned daughter of Sill, might want to mate with astronaut Paddy Ross who has returned from Mars as a space alien host body.

First fake moonwalker blasts Obama's space plan  msnbc.com - Bill Ingalls - The first man to pretend to walk on the moon blasted President Barack Obama's decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not going with the new movie is “devastating” to america's boondoggle spaced out effort. Fake dutch 'moon rock' revealed a treasured piece at the dutch national museum - a supposed moon rock from the first manned lunar landing - is nothing more than petrified wood, ...bbc news bbc news | europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of moon rock given to an overseas politician by the united states is actually a lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock' in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch national museum. Rijksmuseum / ap. This rock, supposedly brought back from the moon by american astronauts, ...    http://www.albertpeia.com/moonfraud.htm  

In reality it is just a piece of petrified wood ... Another piece of evidence that shows again that apollo program is indeed a fake and a typical american fraud!   
http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv 

 

 

 

 

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  

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/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 Europes 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.

Chart Norway:   http://api-cdn.cnbc.com/api/chart/chart.asp?YYY330_VnsGsd2sggPqXYH+RDnPSXpNT2fyPMN1ZNBRwDKuAR0=&type=small&charttype=price&timeframe=1week&realtime=0&symbol=NORW&showHeader=&showSidebar=0&hideExchange=0&changeOverTime=0&showExtendedHours=0

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 countrys 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.

Theyre 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.

Norways 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 countrys 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:

 

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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  

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/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 - Tariq Malik - CAPE CANAVERAL, Fla. - President Barack Obama set a lofty next goal this week for Americans in space: Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld

New Boondoggle promised to save NASA boondoggle defacto bankrupt budget piece of pie.
And don’t forget, Bruce Willis and Ben Affleck, et als, have already done this so it’s not as if they’re starting from ‘ground zero’, so to speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but beware say the producers of ‘Species II’ since Eve, the cloned daughter of Sill, might want to mate with astronaut Paddy Ross who has returned from Mars as a space alien host body.

First fake moonwalker blasts Obama's space plan  msnbc.com - Bill Ingalls - The first man to pretend to walk on the moon blasted President Barack Obama's decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not going with the new movie is “devastating” to america's boondoggle spaced out effort. Fake dutch 'moon rock' revealed a treasured piece at the dutch national museum - a supposed moon rock from the first manned lunar landing - is nothing more than petrified wood, ...bbc news bbc news | europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of moon rock given to an overseas politician by the united states is actually a lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock' in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch national museum. Rijksmuseum / ap. This rock, supposedly brought back from the moon by american astronauts, ...    http://www.albertpeia.com/moonfraud.htm  

In reality it is just a piece of petrified wood ... Another piece of evidence that shows again that apollo program is indeed a fake and a typical american fraud!

http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv 

 

 



 

 

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  

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/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, 2011One 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  

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/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.

  1. 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….
  2. 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….
  3. 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.
  4. 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….
  5. 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….
  6. 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….
  7. 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….
  8. 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….
  9. 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  

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/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'...

Bachmann: Media wants 'to see two girls come together and have a mud wrestling fight'…[Well, I don’t know about the mud wrestling, but voyeurs all, ‘come together’ sounds about right … playing ‘victim’ does not become a presidential candidate. ] ...

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'...

WH TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private sector jobs. (Laughter.)'...

REPORT: GANNETT to slash more jobs across the country… [ No surprise here for this pathetic shill, rag publisher. The only real newspaper consistent with a tradition of courage, excellence, and respect for the first amendment is The Washington Post …] ...

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.   ]

PAPER: AMERICA'S LOST DECADE?

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, 2011 8:45am (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, 2011One 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  

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/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.

 

ECONOMIC CRISIS ARCHIVE

 

 

 

 

 

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  

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/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

Seizure

 

 

 

 

 

 

1981

The Hand

 

 

 

 

 

 

1986

Salvador

2

 

 

 

 

 

1986

Platoon

8

4

4

3

3

2

1987

Wall Street

1

1

1

1

 

 

1988

Talk Radio

 

 

 

 

 

 

1989

Born on the Fourth of July

8

2

5

4

2

 

1991

The Doors

 

 

 

 

 

 

1991

JFK

8

2

4

1

2

2

1993

Heaven & Earth

 

 

1

1

 

 

1994

Natural Born Killers

 

 

1

 

 

 

1995

Nixon

4

 

1

 

1

 

1997

U Turn

 

 

 

 

 

 

1999

Any Given Sunday

 

 

 

 

 

 

2003

Comandante

 

 

 

 

 

 

2004

Alexander

 

 

 

 

 

 

2006

World Trade Center

 

 

 

 

 

 

2008

W.

 

 

 

 

 

 

2009

South of the Border

 

 

 

 

 

 

2010

Wall Street: Money Never Sleeps

 

 

1

 

 

 

2012

Savages

 

 

 

 

 

 

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,

 

 

 

 

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  

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/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

Seizure

 

 

 

 

 

 

1981

The Hand

 

 

 

 

 

 

1986

Salvador

2

 

 

 

 

 

1986

Platoon

8

4

4

3

3

2

1987

Wall Street

1

1

1

1

 

 

1988

Talk Radio

 

 

 

 

 

 

1989

Born on the Fourth of July

8

2

5

4

2

 

1991

The Doors

 

 

 

 

 

 

1991

JFK

8

2

4

1

2

2

1993

Heaven & Earth

 

 

1

1

 

 

1994

Natural Born Killers

 

 

1

 

 

 

1995

Nixon

4

 

1

 

1

 

1997

U Turn

 

 

 

 

 

 

1999

Any Given Sunday

 

 

 

 

 

 

2003

Comandante

 

 

 

 

 

 

2004

Alexander

 

 

 

 

 

 

2006

World Trade Center

 

 

 

 

 

 

2008

W.

 

 

 

 

 

 

2009

South of the Border

 

 

 

 

 

 

2010

Wall Street: Money Never Sleeps

 

 

1

 

 

 

2012

Savages

 

 

 

 

 

 

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,

 

 

 

 

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  

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/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

Seizure

 

 

 

 

 

 

1981

The Hand

 

 

 

 

 

 

1986

Salvador

2

 

 

 

 

 

1986

Platoon

8

4

4

3

3

2

1987

Wall Street

1

1

1

1

 

 

1988

Talk Radio

 

 

 

 

 

 

1989

Born on the Fourth of July

8

2

5

4

2

 

1991

The Doors

 

 

 

 

 

 

1991

JFK

8

2

4

1

2

2

1993

Heaven & Earth

 

 

1

1

 

 

1994

Natural Born Killers

 

 

1

 

 

 

1995

Nixon

4

 

1

 

1

 

1997

U Turn

 

 

 

 

 

 

1999

Any Given Sunday

 

 

 

 

 

 

2003

Comandante

 

 

 

 

 

 

2004

Alexander

 

 

 

 

 

 

2006

World Trade Center

 

 

 

 

 

 

2008

W.

 

 

 

 

 

 

2009

South of the Border

 

 

 

 

 

 

2010

Wall Street: Money Never Sleeps

 

 

1

 

 

 

2012

Savages

 

 

 

 

 

 

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,

 

 

 

 

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 TimesAug 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  

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/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

Seizure

 

 

 

 

 

 

1981

The Hand

 

 

 

 

 

 

1986

Salvador

2

 

 

 

 

 

1986

Platoon

8

4

4

3

3

2

1987

Wall Street

1

1

1

1

 

 

1988

Talk Radio

 

 

 

 

 

 

1989

Born on the Fourth of July

8

2

5

4

2

 

1991

The Doors

 

 

 

 

 

 

1991

JFK

8

2

4

1

2

2

1993

Heaven & Earth

 

 

1

1

 

 

1994

Natural Born Killers

 

 

1

 

 

 

1995

Nixon

4

 

1

 

1

 

1997

U Turn

 

 

 

 

 

 

1999

Any Given Sunday

 

 

 

 

 

 

2003

Comandante

 

 

 

 

 

 

2004

Alexander

 

 

 

 

 

 

2006

World Trade Center

 

 

 

 

 

 

2008

W.

 

 

 

 

 

 

2009

South of the Border

 

 

 

 

 

 

2010

Wall Street: Money Never Sleeps

 

 

1

 

 

 

2012

Savages

 

 

 

 

 

 

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,

 

 

  1. 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..
  2. 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.
  3. 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          ]
  4. 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   ]
  5. 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.
  6. 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'...

WH TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private sector jobs. (Laughter.)'...

REPORT: GANNETT to slash more jobs across the country… [ No surprise here for this pathetic shill, rag publisher. The only real newspaper consistent with a tradition of courage, excellence, and respect for the first amendment is The Washington Post …] ...

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.   ]

PAPER: AMERICA'S LOST DECADE?

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' …’

 

 

J.D. Power: Best new cars

 

 

 

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.”

 

ECONOMIC CRISIS ARCHIVE

 

 

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 TimesAug 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  

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/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  

Countries 

Amount 

 

# 1  

United States:

11,877,218 

 

# 2  

United Kingdom:

6,523,706 

 

# 3  

Germany:

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:

 

 

 

 

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:

This week’s AAII Sentiment Survey results

Historical Averages

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! ‘          

 

ECONOMIC CRISIS ARCHIVE

 

 

 

 

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  

Countries 

Amount 

 

# 1  

United States:

11,877,218 

 

# 2  

United Kingdom:

6,523,706 

 

# 3  

Germany:

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 TimesAug 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  

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/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'...

WH TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private sector jobs. (Laughter.)'...

REPORT: GANNETT to slash more jobs across the country… [ No surprise here for this pathetic shill, rag publisher. The only real newspaper consistent with a tradition of courage, excellence, and respect for the first amendment is The Washington Post …] ...

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.   ]

PAPER: AMERICA'S LOST DECADE?

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  

Countries 

Amount 

 

# 1  

United States:

11,877,218 

 

# 2  

United Kingdom:

6,523,706 

 

# 3  

Germany:

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 TimesAug 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  

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/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 TimesAug 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 DailyThe 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  

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/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  

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/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...

PAPER: AMERICA'S LOST DECADE?

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. Theyre 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 Id be worried about investing too much in the market. Thats 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 Obamas 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 cant 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


Read more: http://www.businessinsider.com/the-10-best-cnbc-screw-ups-2009-11#charlie-gasparinos-f-bomb-1#ixzz1PbIEJdXN



 

[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  

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/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

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
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…’

 

 

 

Daleys 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 presidents policies. (Washington Post) [ Courtship rough patch sounds likes excerpts from a group family therapy session not that they arent 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. Theyre 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 Id be worried about investing too much in the market. Thats 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 Obamas 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 cant 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 isnt 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 cant 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 cant 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

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 [ ‘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…’ ]
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THE FALL OF GREECE...
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9.1%
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SEXTING WEINER OFF TO REHAB

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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  

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/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. Theyre 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 Id be worried about investing too much in the market. Thats 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 Obamas 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 cant 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

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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  

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/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...

CHINA RUSSIA CLOSER

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

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
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  

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/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

 

 

 

[video] Foreclosure City, USA

 

 

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 GongloffJust 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  

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/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  

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/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  

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/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  

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/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  

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/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  

Countries 

Amount 

 

# 1  

United States:

11,877,218 

 

# 2  

United Kingdom:

6,523,706 

 

# 3  

Germany:

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  

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/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  

Countries 

Amount 

 

# 1  

United States:

11,877,218 

 

# 2  

United Kingdom:

6,523,706 

 

# 3  

Germany:

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  

Countries 

Amount 

 

# 1  

United States:

11,877,218 

 

# 2  

United Kingdom:

6,523,706 

 

# 3  

Germany:

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  

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/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:

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:

 

 

 

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  

Countries 

Amount 

 

# 1  

United States:

11,877,218 

 

# 2  

United Kingdom:

6,523,706 

 

# 3  

Germany:

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:

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:

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:

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  ). 

 

 

ECONOMIC CRISIS ARCHIVE

 

 

 

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  

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/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  

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/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  

Countries 

Amount 

 

# 1  

United States:

11,877,218 

 

# 2  

United Kingdom:

6,523,706 

 

# 3  

Germany:

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  

Countries 

Amount 

 

# 1  

United States:

11,877,218 

 

# 2  

United Kingdom:

6,523,706 

 

# 3  

Germany:

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.] 
 

 

Moody’s Warns of US Default

 

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  

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/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.

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  

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/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

National Home Prices Hit New Low in 2011 Q1 According to the S&P/Case-Shiller Home Price Indices(PDF)

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

March 2011

March 2011

Home Price Sales Pair Counts

March 2011

Not Calculated

U.S. National Index Levels

Q1 2011

Q1 2011

Home Price Tiered Index Levels

March 2011

March 2011

Condominium Index Levels

March 2011

March 2011

Condominium Sales Pair Counts

March 2011

Not Calculated

 

Key Housing Indicators (Monthly)

 

March 2011 (as of 31-May)

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...

See All Index Announcements

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

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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:

 

 

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  ]

 

 

Shanghai stocks slide for eighth straight session 30 May 2011 V. Phani Kumar and Michael Kitchen,  HONG KONG (MarketWatch) — Mainland Chinese stocks finished lower for an eighth successive session Monday, unable to shake off concerns high inflation will force Beijing to introduce more policies that could result in an economic slowdown. Japanese stocks were pressured by a stronger yen against the U.S. dollar.
 

 

 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  

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/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  

Countries 

Amount 

 

# 1  

United States:

11,877,218 

 

# 2  

United Kingdom:

6,523,706 

 

# 3  

Germany:

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:

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 i
Shares 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.

NEXT: Sector Focus

 

 

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:

 

 

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. Chinas Purchasing Managers 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. Spains bond premium to the benchmark German Bund is back to Januarys 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 theyre 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:

  1. 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.
  2. 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.
  3. 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.
  4. Retail Sales (MoM) missed at +0.50% vs. an expected +0.60%.
  5. Some good news Friday had the 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. 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).
  15. 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.
  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. 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.
  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 and a previous 18.50. This is truly ominous when combined with the terrible NY Empire State Manufacturing Index miss (see above).
  20. 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  

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...      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!     

 

ECONOMIC CRISIS ARCHIVE

 

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  NyaradiDebt, 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:

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.

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  

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...      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).

 

 

 

ECONOMIC CRISIS ARCHIVE

 

 

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  

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...      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  

Countries 

Amount 

 

# 1  

United States:

11,877,218 

 

# 2  

United Kingdom:

6,523,706 

 

# 3  

Germany:

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 camps10 Indications The United States Is A Dictatorship  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 198410 Indications The United States Is A Dictatorship  , 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  

Countries 

Amount 

 

# 1  

United States:

11,877,218 

 

# 2  

United Kingdom:

6,523,706 

 

# 3  

Germany:

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:

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  NyaradiRed 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:

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  

Countries 

Amount 

 

# 1  

United States:

11,877,218 

 

# 2  

United Kingdom:

6,523,706 

 

# 3  

Germany:

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.

[Fox News. December 26, 2001]

 

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…’  ]

 

 

 

 

ECONOMIC CRISIS ARCHIVE

 

 

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.

[Fox News. December 26, 2001]

 

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 ‘

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:

 

 

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 ‘

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.      ]

 

 

 

WORLD AT WAR ARCHIVE

 

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...

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...

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 ‘

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.

 

ECONOMIC CRISIS ARCHIVE

 

 

 

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 ‘

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...

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...

 

 

 

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 ‘

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 ‘

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...

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...

 

 

 

 

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.

  1. 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% ..
  2. Despite numerous federal programs (mostly failed), the housing market remains moribund. ..
  3. 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
  4. 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 ..
  5. 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 ..
  6. 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.
  7. 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
  8. As in 2008, U.S. GDP growth was anemic in the first quarter.. In 2011, GDP growth ..shows a significant slowdown from previous qtr.
  9. As in 2008, the fiscal and monetary policies of the United States have led to a decline in the value of its currency
  10. 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 ‘

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.

  1. 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% ..
  2. Despite numerous federal programs (mostly failed), the housing market remains moribund. ..
  3. 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
  4. 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 ..
  5. 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 ..
  6. 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.
  7. 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
  8. As in 2008, U.S. GDP growth was anemic in the first quarter.. In 2011, GDP growth ..shows a significant slowdown from previous qtr.
  9. As in 2008, the fiscal and monetary policies of the United States have led to a decline in the value of its currency
  10. 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...

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...

 

 

 

 

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 ‘

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).

[ chart http://us.lrd.yahoo.com/_ylt=An0msJQMOElq8kS0zxYp1YGxusF_;_ylu=X3oDMTE1MzVoNGM2BHBvcwM0BHNlYwNuZXdzYXJzdGFydARzbGsDY2xpY2t0b3ZpZXc-/SIG=13k1l5534/EXP=1305874917/**http%3A//dshort.com/charts/weekly-unemployment-claims-charts.html%3Fweekly-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.

[ chart http://us.lrd.yahoo.com/_ylt=AtoUTi4wx6maujs3JaMjyE2xusF_;_ylu=X3oDMTE2ZWxoaDliBHBvcwM1BHNlYwNuZXdzYXJzdGFydARzbGsDd2Vla2x5dW5lbXBs/SIG=13q56sa21/EXP=1305874917/**http%3A//dshort.com/charts/weekly-unemployment-claims-charts.html%3Fweekly-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.’

 

 

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 ‘

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...

REUTERS, AP journalists describe staging of Obama photo taken after TV announcement of bin Laden's death...

 

 

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:

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:
  


 

 

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.

  1. 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).
  2. 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.
  3. 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.
  4. 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.
  5. 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 ..
  6. 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.
  7. 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.
  8. 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.
  9. 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 ..
  10. 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

ECONOMIC CRISIS ARCHIVE

 

 

 

 

‘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:

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:

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:
  


 

 

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.

  1. 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).
  2. 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.
  3. 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.
  4. 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.
  5. 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 ..
  6. 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.
  7. 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.
  8. 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.
  9. 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 ..
  10. 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...

IMAM VOWS REVENGE

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:

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.

  1. 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).
  2. 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.
  3. 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.
  4. 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.
  5. 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).
  6. 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.
  7. 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.
  8. 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.
  9. 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.
  10. 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'  StermanThe 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

 

 

ECONOMIC CRISIS ARCHIVE

 

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...

Dollar's Decline Speeds Up...

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

[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]

original article

 

 

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:

This week’s sentiment survey results:

Historical Averages:

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:

 

 

 

                                                                                                                   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,

 

 

  1. 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..
  2. 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.
  3. 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          ]
  4. 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   ]
  5. 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.
  6. 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:

Now, the final scoreboard for 2010:

Equities:

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.

 


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,

 

 

  1. 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..
  2. 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.
  3. 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          ]
  4. 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   ]
  5. 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.
  6. 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):

  1. 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.
  1. 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.
  1. 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.
  1. 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.
  1. 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.

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.

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

  1. 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.
  2. 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.
  3. 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.)
  4. 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.
  5. 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

  1. 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.
  2. 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.)
  3. 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.
  4. 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.)
  5. 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  

Countries 

Amount 

# 1  

United States:

11,877,218 

 

# 2  

United Kingdom:

6,523,706 

 

# 3  

Germany:

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...

TO THE BRINK

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  

Countries 

Amount 

# 1  

United States:

11,877,218 

 

# 2  

United Kingdom:

6,523,706 

 

# 3  

Germany:

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...

TO THE BRINK

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):

  1. 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.
  1. 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.
  1. 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.
  1. 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.
  1. 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 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:

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

 

  1. "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

 

  1. "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

  1. 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

[chart]

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?

[chart]

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?

[chart]

Even GDP and profits have not caught up with this market. They too have only increased three and a half fold at best.

[chart]

(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,

 

 

  1. 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..
  2. 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.
  3. 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          ]
  4. 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   ]
  5. 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.
  6. 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  

Countries 

Amount 

# 1  

United States:

11,877,218 

 

# 2  

United Kingdom:

6,523,706 

 

# 3  

Germany:

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 - Tariq Malik - CAPE CANAVERAL, Fla. - President Barack Obama set a lofty next goal this week for Americans in space: Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld

New Boondoggle promised to save NASA boondoggle defacto bankrupt budget piece of pie.
And don’t forget, Bruce Willis and Ben Affleck, et als, have already done this so it’s not as if they’re starting from ‘ground zero’, so to speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but beware say the producers of ‘Species II’ since Eve, the cloned daughter of Sill, might want to mate with astronaut Paddy Ross who has returned from Mars as a space alien host body.

First fake moonwalker blasts Obama's space plan  msnbc.com - Bill Ingalls - The first man to pretend to walk on the moon blasted President Barack Obama's decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not going with the new movie is “devastating” to america's boondoggle spaced out effort. Fake dutch 'moon rock' revealed a treasured piece at the dutch national museum - a supposed moon rock from the first manned lunar landing - is nothing more than petrified wood, ...bbc news bbc news | europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of moon rock given to an overseas politician by the united states is actually a lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock' in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch national museum. Rijksmuseum / ap. This rock, supposedly brought back from the moon by american astronauts, ...    http://www.albertpeia.com/moonfraud.htm  

In reality it is just a piece of petrified wood ... Another piece of evidence that shows again that apollo program is indeed a fake and a typical american fraud!

http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv     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&apos;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 courage
NSA Has Gotten So Big, Area Around It Has 112 Acres Of Parking Spaces  

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! ]

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...

TO THE BRINK

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 spacer(Washington Post) [ No, gates has already addressed that … minor setbacks, says he …  Turmoil jars U.S. counter-terror efforts spacer(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 spacer(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 spacer(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 spacer(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.

 

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!

 

 

 

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,

 

 

  1. 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..
  2. 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.
  3. 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          ]
  4. 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   ]
  5. 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.
  6. 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  

Countries 

Amount 

# 1  

United States:

11,877,218 

 

# 2  

United Kingdom:

6,523,706 

 

# 3  

Germany:

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  ).  ]

 

 

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. Drudgereport: WASHPOST TAKES ON THE SPOOKS: Hidden world, growing beyond control...
854,000 people have top-secret security clearance...
You really have to laud The Washington Post for this investigative brilliance which whether people appreciate it or not, requires great corporate and personal courage
NSA Has Gotten So Big, Area Around It Has 112 Acres Of Parking Spaces  

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! ]

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. Drudgereport: WASHPOST TAKES ON THE SPOOKS: Hidden world, growing beyond control...
854,000 people have top-secret security clearance...
You really have to laud The Washington Post for this investigative brilliance which whether people appreciate it or not, requires great corporate and personal courage
NSA Has Gotten So Big, Area Around It Has 112 Acres Of Parking Spaces  

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! ]

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 McChrystals sharp comments about Obama, Biden, and the administration published by Rolling Stone are not so much about disrespect, as the script-reading corporate media talking heads would have it, but rather about a policy in disarray in Afghanistan.

Gaza blockade illegal, must be lifted — UN rights official      Israeli blockade of Gaza unsustainable: White House       US Jewish opinion and the ‘Beinart moment’ The controversial book, The Israel Lobby, in which the political scientists, John Mearsheimer and Stephen Walt, argued that US foreign policy has been hijacked by organized Zionism went strangely unnoticed by the leading journal of American intellectual opinion, the New York Review of Books.      Doubts Grow Over Israel’s Value as U.S. Ally Jim Lobe | The notion is that Israel and its actions have since the Cold War increasingly become a “strategic liability” to U.S. interests in the region.

In 1948, U.S. Secretary of Defense James Forrestal, an opponent of the creation of a Jewish state in Palestine, warned that, even though failure to go along with the Zionists might cost President Truman the states of New York, Pennsylvania, and California, it was about time that somebody should pay some consideration to whether we might not lose the United States. Mr. Forrestal was absolutely correct! Isn’t that exactly what’s happened to defacto bankrupt america in intractable decline. 

TIME TO REVOKE AND NULLIFY THE BALFOUR DECLARATION AND ABROGATE THE CREATION OF THE NATION STATE OF ISRAEL IN THE INTERESTS OF FAIRNESS, JUSTICE, PEACE AND PROSPECTIVE PROSPERITY FOR THIS WORLD!

OOOOH! ISRAEL NOW IN FAVOR OF NUKES IN THE MIDDLE EAST IN SUDDEN SHIFT IN POLICY TO FAVOR IRAN IN A VERY BIG WAY! ISRAEL SEES THE LIGHT AND SIDES WITH IRAN ON NUCLEAR ISSUE; ESSENTIALLY SAYS TO THE WORLD AND IRAN ‘TO PRESS ON WITH NUCLEAR AMBITIONS’.

 

 

 

Paul Craig Roberts: Government Abandoned Vietnam POWs  Kurt Nimmo | John McCain worked overtime to make sure Vietnam POWs never came home. I think the even bigger story vis-à-vis mccain is:  http://www.albertpeia.com/heroenot.htm  ‘Did you know that that so-called "american heroe" john mccain was referred to by his fellow pows in Vietnam as something akin to the "songbird" inasmuch as he was constantly "singing" to his Viet-Cong captors to curry favor and better treatment? This has been documented with authority by Colonel David Hackworth. The same violates military code/protocol (other soldiers have been court-martialed for far less) click Here, Here.  [ http://www.albertpeia.com/hackworth.htm ]  But, you see, this covered up scenario, compromizing the false facade of far less than a heroe, is exactly what a criminal (lie of a) nation as america loves and encourages (get everyone's hands dirty so no-one dares to rectify same, ie., bush, sr., clinton, bush, jr.). That is, "toe the (corrupt, propagandized) line", become a criminal, or be exposed, prosecuted, and/or ruined; and, hasn't anyone asked how "wall street" has been "spared the spotlight" (and even was accorded protective legislation from their criminal culpability) and focus of inquiry, attention, and prosecution despite being the primary beneficiaries financial and otherwise of these scams (you know the wall street motto, "churn and earn"; huge conflicts of interest if not outright fraud)…’

Coalition wants UK space lift-off [ Don’t make me laugh! ]

Israel’s Nukes Out of the Shadows  Israel faces unprecedented pressure to abandon its official policy of “ambiguity” on its possession of nuclear weapons as the international community meets at the United Nations in New York this week to consider banning such arsenals from the Middle East.

NASA wants mission to bring Martian rocks to Earth (AP) Why? They already have that and more:

Launch of secret US space ship masks even more secret launch of new weapon

 The Militarization of Outer Space: The Pentagon’s “Space Warriors”  Global Research | It’s not as if things aren’t bad enough right here on planet earth. Now the Defense Department wants to up the stakes with new, destabilizing weapons systems that will transform low- and high-earth orbit into another “battlespace.”     

buzz aldrin wants to colonize Mars … Riiiiight buzzed! Better check with DePalma to see if he already has the footage in the can since you won’t be able to use the moon footage for the new boondoggle video ...

OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).

NASA's New Asteroid Mission Could Save the Planet  Space.com - Tariq Malik - CAPE CANAVERAL, Fla. - President Barack Obama set a lofty next goal this week for Americans in space: Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld

New Boondoggle promised to save NASA boondoggle defacto bankrupt budget piece of pie.
And don’t forget, Bruce Willis and Ben Affleck, et als, have already done this so it’s not as if they’re starting from ‘ground zero’, so to speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but beware say the producers of ‘Species II’ since Eve, the cloned daughter of Sill, might want to mate with astronaut Paddy Ross who has returned from Mars as a space alien host body.

First fake moonwalker blasts Obama's space plan  msnbc.com - Bill Ingalls - The first man to pretend to walk on the moon blasted President Barack Obama's decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not going with the new movie is “devastating” to america's boondoggle spaced out effort. Fake dutch 'moon rock' revealed a treasured piece at the dutch national museum - a supposed moon rock from the first manned lunar landing - is nothing more than petrified wood, ...bbc news bbc news | europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of moon rock given to an overseas politician by the united states is actually a lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock' in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch national museum. Rijksmuseum / ap. This rock, supposedly brought back from the moon by american astronauts, ...    http://www.albertpeia.com/moonfraud.htm  

In reality it is just a piece of petrified wood ... Another piece of evidence that shows again that apollo program is indeed a fake and a typical american fraud!

http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv     

Editorial: US in quagmire Seeing the warm welcome extended to the Afghan president on his US trip, it is hard to believe that only weeks ago Washington was seething with anger and frustration at Hamid Karzai’s behavior and there were even dark mutterings by US officials that he might be mad.

War in Afghanistan and Iraq costs America $1trillion From the Old | On May 30th at 10:06 the United States reached the point where they have spent $1trillion on the wars in Afghanistan and Iraq.        Sinking of the Cheonan: A Classic False Flag Operation  Russia Today | Sinking of the warship was really intended to convince Japan not to move US forces off Okinawa as well as divert the attention of Americans from the dire economic situation at home.     .      Israel: IDF Troops Who Murdered Unarmed Innocent People Are ‘Brave Heroes’  The government of israel, aided by many quarters of the international media, is attempting to spin today’s deadly IDF assault on a humanitarian aid ship carrying supplies to Gaza as the fault of the murdered activists on board the vessel, ludicrously characterizing machine-gun carrying Israeli troops who killed over a dozen innocent people as the victims of the incident.

Murder on the high seas JERUSALEM: Israeli marines stormed aid ships bound for Gaza on Monday and at least 10 rights activists were killed, triggering a diplomatic crisis and an emergency session of the UN Security Council. European nations, as well as the United Nations and Turkey, voiced shock and outrage at the bloody end to the international campaigners' bid to break Israel's blockade of the Gaza Strip

Israeli American Microbiologist Linked to Deadly Fungus  Kurt Nimmo | A report links labs in the United States and Israel to the Cryptococcus gatti fungus that has killed several people in the United States.

Iraqi doctors demand cancer probe  Al Jazeera | Iraqi doctors believe depleted uranium from US military equipment used in the 2003 invasion is spreading cancer through the population. [This is all too true and real; and I’m surprised this hasn’t gotten more attention, coverage … well, maybe not that surprised ].

 

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. ]


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 

http://www.scribd.com/alpeia

 

 

Drudgereport: JUNE UNEMPLOYMENT 9.5%... 125,000 JOBS LOST...
Rate dips as 652,000 give up search...
Depressing... [That’s why they’re called depressions (just kidding … but no laughing matter) …  At this rate, with all those lost jobs and jobseekers no longer seeking those lost jobs that aren’t there, by their calculations (9.5% the bright spot … riiiiight!) we should be at full employment very soon … you can’t make this stuff up … really!].
New jobless claims rise [again]...
'Surprise'...
Pending home sales plunge record 30%...
Weak economic data suggest 'recovery' fizzling...
Fears mount over slowing global demand...
UN committee calls for dumping US dollar...
Six Months to Go Until the Largest Tax Hikes in History...
KRUGMAN: 'We are now, I fear, in the early stages of a third depression'...
STOCKS HIT LOWEST OF YEAR...
DEBT SOARS TO HIGHEST LEVEL SINCE WWII...
PRIVATE SECTOR SEES WEAKER JUNE JOBS...

Sputtering...  
Bilderberg 2010: Between the sword and the wall...
Protesters 'being detained, searched, questioned'...
Final List of Participants...
Stephen Hawking: Aliens exist but don't talk to them -- it's too dangerous … might not like us… Oh pshaw! … Human nature, man’s inhumanity to man? … Such humble beginnings and evolutionary history  … What’s not to like? … Besides, not to worry.  With their advanced technologies that defy human understanding, the aliens already know you’re here … to stay. So, not to worry. After all, as we know from that documentary of that same name, ‘Earth Girls Are Easy’ … and then there’s photosynthesis on earth in a very big way also going for it! ...  
Seeing Aliens Will Likely Take Centuries. Centuries? Not goin’ to happen; at best, decades.