Business / Economic / Financial

[ This link to a somewhat more cumulative blog posts page will precede current days news since most all topics remain current in terms of impact and longer-term effect and can be searched by topical index term more easily. The same is provided since the blog site http://alpeiablog.blogspot.com   has just been censored as to size by google which is typical for google as nsa / cia / gov’t shill as more are becoming aware of. The same is true for microsoft, another co. that’s seen their best days and relies on the government to maintain their monopoly. Up to now the better page http://www.scribd.com/alpeia  is provided for ease of formatting and clarity thereby while the Washington Post page is the real deal but without formatting http://www.washingtonpost.com/wp-srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia    .   The following is the cumulative archive of  blog posts / topics for 2010 as the new year starts anew:  http://albertpeia.com/December312010postsarchive.htm       or PDF formatted version   
http://albertpeia.com/December312010postsarchive.pdf     ]

 

 

Bond Panic to Weigh on Stocks Cadora ‘Despite the stock market's seemingly inexorable rise, clues to a coming crisis continue to build, promising not only to bring down equity prices sooner rather than later, but also to make the correction much more severe than most expect. As readers of my Member Letter know, I have been anticipating a dollar crisis to visit markets sometime in the first half of 2011, spurred by an exodus from bonds as the Federal Reserve continues its malfeasant policies. In now seems the dollar crisis will be paired with a panic in the municipal bond market.
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The Illinois legislature's decision to raise taxes as a means to fill its budget gap sets an ominous tone for the municipal bond market. The message is clear: politicians will attempt to drain taxpayer resources rather than control outrageous spending habits. In other words, the root of the budget problem will be ignored. This direction is bearish not only for munis, but also for the economy.

A muni bond meltdown will be detrimental to the dollar in more than one way, not the least of which comes from the dollar's chief persecutor, Ben Bernanke. Despite Bernanke's persistent denials that the Fed would step in to bail out a state government, pressure will grow on him to do so as the crisis worsens. It will be interesting to see if his political will fails him again.

Higher interest rates from bond markets ... both municipal and Federal ... will do no favors for the stock market. In fact, a sense of crisis will exacerbate an equity decline. I have proposed to readers that when this crisis hits, stocks will fall in tandem with the dollar rather than being supported by its decline. That period of positive correlation may be just in front of us.

The stock market itself is looking quite exhausted. According to my cycle analysis, equities are due for a dive into a yearly low. Several market indicators also suggest the time is ripe for stocks to roll over.

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Consider also that the respectable work performed over at sentimentrader.com shows several sentiment extremes ... all bearish for the equity outlook ... including a very large gap between smart money and dumb money confidence. The stage is set for a significant stock market correction and this week's breakdown in the muni bond market may provide the needed catalyst.’

 

 

Merck Hurts, Stocks Stagger After Jobless Claims

 

Tech-Heavy ETF Hits Short-Term Extreme - High Probability of Reverting to Mean? Cowder ‘It was just another day in the park for the bulls. The continued push since the gap became higher on Jan. 3 has managed to push the tech-heavy QQQQ into a short-term “very overbought” extreme with an RSI (2) at 98.4. As I always state, when an ETF typically reaches an extreme of this manner, the market fades over the short-term (1-3 days). A move that pushes QQQQ lower would likely close the gap at $54.62, which would mean a 3.5% loss for the QQQQ.

A move like this would certainly be advantageous for my current open positions in both the High-Probability and Mean-Reversion strategy. Yes, I took a position later in the afternoon in the tech-heavy index and so far I like the probability on this one. All of the short-term technical indicators that I follow are reading extremes, so I had no choice but to take a position.

Intel (INTC) comes out after the bell tomorrow and should be quite the catalyst for the QQQQ’s next move. I would love to say that the next move is definitely going to be bearish over the short-term, but as we all know in trading, even when M-R probability is leaning heavily towards your side, there are no guarantees.

Short-Term High-Probability, Mean-Reversion Indicator – as of close 1/11/10

Benchmark ETFs

Sector ETFs

International ETFs

Commodity ETFs

Ultra Extremes

Disclosure: I am short QQQQ.

 

 

Stocks Slip on Economic Data Disappointment, Oil Pullback Midnight Trader ‘4:10 PM, Jan 13, 2011 --

GLOBAL SENTIMENT

UPSIDE MOVERS
(+) JDSU gains on analyst price target hike.
(+) XCO exploring strategic alternatives.
(+) AAPL gets analyst price target hike.
(+) MU upgraded.
(+) TM upgraded.
(+) MRO moving forward with plans to spin off downstream.

DOWNSIDE MOVERS
(-) INFY misses profit estimate.
(-) LEDS warns for sequential decline in revenue.
(-) WSM slips despite raising guidance.
(-) DRWI continues sharp evening drop that followed
(-) BBBB continues evening dip seen after announcing acquisition, backing guidance.

MARKET DIRECTION

Stock averages close modestly lower, having recovered from fresh session lows hit late in the chopping trading session. Declines followed economic uncertainty. Stocks had improved around midday as oil crossed into positive territory before it ended back in the red. Rising jobless benefits claims stumped stocks out of the gate this morning.

Blue-chip issue Merck & Co. (MRK) fell 6.7% to $34.63 after announcing that clinical trials of its cardiovascular drug vorapaxar would be discontinued for some patients. Merck fell the most among the 30 stocks that make up the DJIA.

Despite broad S&P weakness, Whole Foods Market Inc. (WFMI) jumped over 5%, and is up some 80% over the past year, after an analyst said that the company's shares would continue to rise because its customers are willing to pay higher costs for food.

The U.S. economy should grow around 3% to 4% this year, a healthier clip than in 2010 but not enough to bring down unemployment as much as policymakers would like, Federal Reserve Chairman Ben Bernanke said on Thursday in a speech.

The number of U.S. workers who filed new applications for jobless benefits jumped 35,000 last week to 445,000, the highest level in more than two months. Government official attributed the sharp increase largely to administrative backlogs, MarketWatch reported. Economists polled by MarketWatch had expected initial claims in the week ended Jan. 8 to fall to a seasonally adjusted 405,000. Last week s claims were revised up by 1,000 to 410,000. The less-volatile four-week average of new claims rose a much smaller 5,500 to 416,500.

U.S. wholesale prices climbed 1.1% in December, largely owing to a spike in gasoline prices, the Labor Department reported Thursday. The seasonally adjusted increase in producer prices last month was the biggest since last January, according to government data. Core producer prices, which exclude the volatile food and energy categories, rose 0.2% - in line with Wall Street expectations.

The last of the trio of reports, the U.S. trade deficit narrowed for a fourth straight month in November, defying economist predictions for a rebound. The nation's trade deficit contracted a slight 0.3% to $38.3 billion from a revised $38.4 billion in October, the Commerce Department said.

Overseas, the Bank of England and European Central Bank left monetary policy unchanged. European markets have been unable to extend yesterday's rally, as investors digest large bond issues across the region.

Crude futures settled modestly lower, finishing under $92 after spending most of the session in positive territory. Oil for February delivery retreated 46 cents, or 0.5%, to $91.40 a barrel after hitting a fresh two-year high. Gold ends higher after a reversal late in the day. February futures close up $1.20 or 0.1% at $1,387 an ounce.

In company news:

Target (TGT) shares are higher after it announced today that it is set to open stores in Canada beginning in 2013 after signing an agreement to purchase 220 leases from Zellers, a unit of Hudson Bay. The purchase agreement is valued at C$1.825 billion.

Marathon Oil Corp. (MRO) is higher following news it is moving forward with plans to spin off its downstream business, creating two highly focused energy companies.

Shares of American International Group (AIG) gained as a Bloomberg report said that new investors in the bailed-out insurance giant may want the firm to be ready to pick a successor. The current CEO, Robert Benmosche, began treatment for cancer in October. Benmosche doubled shareholders' money in his first 17 months in office.

Shares of Oilsands Quest (BQI) are down sharply after saying a detailed review of its core assets at Axe Lake, Wallace Creek and Raven Ridge show the resource base in these areas could support three projects with the potential for producing, in aggregate, 100,000 barrels a day of bitumen.

General Electric (GE) slips after inking a deal to buy Lineage Power Holdings, a privately held company. The deal, which is the latest in a string of acquisitions by GE, is valued at $520 million and is expected to help tap into the growth in data centers, electronic devices and telecommunications, the company stated.

In other company news, Blackboard Inc. (BBBB) continued its evening drop after moving to acquire Presidium Inc. for about $53 million in cash, excluding transaction costs. Blackboard previously owned a 10% equity stake in Presidium. It also reaffirmed its Q4 and FY10 financial guidance and provided initial financial guidance for the Q1 and FY11, saying it anticipates a $0.24-a-share adjusted Q1 profit on about $114.1 mln in revenues, topping the Thomson Reuters consensus for revenues but missing EPS estimates.

Infosys Technologies (INFY) fell after it said Q3 profit was 17.8 billion rupees, below estimates for 18.2 billion, according to a Reuters poll. It expects its dollar revenue to rise 25.7% to 26.1% in the year ending March, below analysts' expectations of 27% to 28%, Reuters reports. The revenue growth forecast was, however, higher than the 24% to 25% rise estimated previously by the company.

Research in Motion (RIMM) gained after it said it had given a solution ahead of a Jan. 31 target date that enables Indian wireless carriers lawful access to consumer services including the BlackBerry Messenger, but excludes access to corporate emails.’

 


Initial Jobless Claims Rise 35,000 ‘NEW YORK (TheStreet) -- The number of Americans filing unemployment claims unexpectedly rose last week, the Labor Department said early Thursday. The advance figure for seasonally adjusted initial claims increased by 35,000 to 445,000 in the week ended Jan.8, the highest level since October. Economists were expecting initial claims to drop to 405,000, according to consensus estimates from Bloomberg. Estimates ranged from 400,000 to 415,000…’

 

An Amazing Statistic About Our Abnormal Market [ The only thing amazing is that no one has come forth to state how preposterous this ‘modern day miracle of computerized programming technology’ can make unreality so appealingly and seemingly real that all are swept away with this tsunami of b*** s*** until it’s too late, which as preceding other crashes, seems furthest from thoughts, mind, and plausibility until invariably, grim reality comes a-calling and this scenario as before will end as before especially quite badly. ] ‘Rev Shark at Realmoney.com posted an amazing statistic which I believe he found at sentimenttrader.com.

According to Sentimentrader.com, the S&P 500 has now gone 92 days without closing below its 50-day moving average. That has only happened 17 times since 1928. But what is really amazing is that over the past 30 days, we haven't closed below the 10-day moving average even once. That has never happened in the last 82 years of market history.

As I've stated multiple times, it is not the rally we are experiencing that is strange, it is the total inability to pullback at any point that is boggling to anyone who has more than 6 months of market history under their belt.

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Don't forget in September and October we did not close below the 13 day moving average for 2 months in a row. Indeed other than a hiccup caused by Ireland, we might be working on the 5th month of no pullbacks.

This is an abnormal market. Anyone using historical context to trade is lost at sea. Congratulations to Mr. Brian Sack, the Bernank, and his POMO crew for making a mockery of traditional somewhat 'free' markets

Nevertheless, balance sheet policy can still lower longer-term borrowing costs for many households and businesses, and it adds to household wealth by keeping asset prices higher than they otherwise would be.

Amen Brian. In the future I'd just eliminate the middle man (primary dealers) and just buy SPY futures directly on a daily basis, much more efficient than our current charade. Granted that removes the Wizard of Oz effect (don't look behind the curtain - it's magic), but at least it would be intellectually honest. (I know, I know - primary dealers don't "buy stock directly" blah blah)

[Jan 6, 2010: Charles Biderman of TrimTabs Claims US Government Supporting Stock Market]’

 


13% Thursday - When Will You Capitulate? Davis ‘It’s starting! [chart] The last of the bears are now capitulating. We’re hearing it in Member Chat and we’re reading it in analyst reports and we’re seeing the fund managers on TV – it is very out of vogue to be a bear.

Just a few weeks ago, I pointed out to Members how few bears remained by saying "Look to your left, look to your right, look in front of you and look behind you – you would be the only bear." That was way back when "only" 20% of investors were bearish – as of yesterday, we lost 1/3 of those poor creatures and now only 13% of the market is bearish. Now you can look diagonally as well and you’ll STILL be the only bear!

Certainly the market seems to be proving the primary axiom of "You can’t fight the Fed." Pretty much no matter what happens, the market goes up. Bryan Leighton from Traddr! makes a good point saying: "It’s a neutral to positive market and the only thing that can change that is some sort of surprise event out of Europe or out of Asia or something major out of the US that the Fed is not ready for or prepared for. If they are prepared for it – it will not happen – it will not have a major effect on the markets."

That’s the reality we’re dealing with out there. As long as the Fed and their pet IBanks are running the markets and as long as volume is at 3-year lows, allowing the TradeBots to control each move – then it is wrong to be a bear. But, is it 87% wrong? 87% bullish sentiment isn’t just "very" bullish – it’s a new, historic high. It’s like going to a fight where the entire crowd only cheers for one guy which, like professional wrestling, would be an automatic indication that the game must be fake, Fake, FAKE!

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As you can see from this longer-term chart, we are as extremely bullish now as we were extremely bearish in the two worst market events of the past quarter-century. Much the way that Black Monday of 1987 and the Crashes of 2008/9 were unique buying opportunities at 15% bullish, this may be a unique shorting opportunity at 15% bearish that you are not likely to see again for decades.

As an optimist, it was easy for me to say 'buy' when I was one of the 15% still bullish in March of 2009 – don’t expect the same conviction from me about selling in January of 2011. We are generally bullish. We are long-term bullish. BUT – and it’s a Big But (not to mention blasphemy) – I don’t think The Bernank is either all powerful or infallible and I do believe that "some sort of surprise event out of Europe or out of Asia or something major out of the US" could happen at any moment so, as I said yesterday – we remain short-term cautious between now and April, even as the rest of the market marches towards 99% bullish around us.

This does not stop us from making some bullish plays – in fact Scott of Sabrient just reviewed the 4 Dark Horse Trader’s Hedge plays we’ve been tracking in a virtual portfolio since the fall and the only problem we’ve been having is they are too successful as the stocks have been outpacing our expectations and we have to let go of both Veeco Instruments (VECO) (with a 36% profit in 5 months) and World Acceptance Corp. (WRLD) (with a 25% profit in 3 months) because the stocks performed so well that they’re not worth adjusting our hedges anymore. That’s why we like our bullish to neutral Buy/Write Strategy, we can’t be harmed to the upside, only forced to take our profits off the table and find anther partner to dance with – which isn’t a bad forced discipline on stocks that are running ahead of 100% annual gains.

Could we make more money by just "going for it" and being 100% bullish? Sure we could, and once inflation takes hold and begins to snowball the markets higher, that is exactly what we’re going to do but, as I have pointed out before – missing the first 100% move up in the Zimbabwe Stock Exchange wasn’t a big deal since it was followed by moves of 1,000%, 1,000,000%, 1,000,000,000% and 1,000,000,000,000% before the markets finally calmed down. On the other hand, people who participated in Brazil’s 100% run in 8 months that began in October of 2007 found themselves right back where they started just 4 months later.

We participated 100% bullishly since our June 26th Buy List, which was followed by July 7th’s "9 Fabulous Dow Plays Plus a Chip Shot," July 26th's "Turning $10K to $50K by Jan 21st" (halfway there), August 29th’s "Defending Your Portfolio With Dividends" and September 3rd’s "September’s Dozen." That’s how we played the rally from S&P 1,030 to 1,160 (10%).

On October 3rd, I put up "October’s Overbought Eight" and they were AMZN, BIDU, CMG, FSLR, MOS, NFLX, PCLN and TLT. Needless to say, we got stopped out of most of those pretty quickly and that led to a Q4 version of "Defending Your Portfolio With Dividends" on October 23rd (S&P 1,180) and we rode those out through December 11th, when we got tired of waiting for a correction and (at S&P 1,240) went with "Breakout Defense – 5,000% in 5 Trades or Less" and those were followed with December 25th’s (S&P 1,256) "Secret Santa’s Inflation Hedges for 2011" also with a few trades aimed at making around 500% should the rally continue.

So why is it, with only one bearish Member Portfolio in 7 months, that I feel like I might be too bearish? Well, for one thing – I’m getting lonely. I work on the Web and my colleagues in the MSM and the Blogosphere have pretty much all found religion and developed an almost unshakable faith in The Bernank, in China, in Corporate America, in Commodities – you name it, they think it can’t go wrong. So much so that the VIX, which measures the market’s expectation of stock market volatility over the next 30 day period, has dropped all the way to 16.

Now 16 isn’t "low" for the VIX, it’s actually about the historic average. It is, however a far cry from 89 in 2008 and 48 as recently as May and if you tell me I now have less to worry about today than I did in 2007 when we were still in the middle of a major rally and 60% of investors were bullish and the VIX was in the mid-20s, I have to ask you why? 10% more people are unemployed than in 2007, the World is $18Tn more in debt than it was then, Inflation has tripled (although you can argue that playing inflation IS the bullish premise), Global GDP projections are 1/2 of what they were, Banks are unstable, States are unstable and Nations are unstable yet I am supposed to buy Netflix (NFLX) (we are short) with a p/e multiple of 71.50 or AMZN with a p/e of 74.50 (we want to be short) based primarily on my faith that the Great Bernanke in the sky would not let anything bad happen to my investments?

Well sorry, call me an atheist, call it blasphemy, but I do not have 100% faith in the Great Bernanke in the sky. I may have had 60% faith and I may have even had 70% faith but I DO NOT have 87% faith that Bernanke will overcome all those MASSIVE, SCARY, DANGEROUS Global obstacles that are still littering the investing landscape and take us to the promised land of S&P 1,500. Does that make me bearish or sensibly cautious? When 87% of the market is bullish, then sensibly cautious looks a lot like bearish, doesn’t it?

Perhaps that’s why people like the right Reverend Jim Cramer and his Cult of the MoMo Stocks irritate me lately. That man has FAITH! Well, either faith or he’s being paid off by fund managers to pimp their stocks so they can dump them on Jimmy’s fanatical followers while they pick up whatever he’s chasing people out of on the cheap – it’s hard to tell….

I was the lone bullish preacher in the wilderness in March of 2009 so I have seen the promised land of recovery and, unlike Dr. King, who said "I may not get there with you" and was, unfortunately, right, I fully intend to get there and I want us all to get there with our portfolios intact so we will continue to hedge the market following the sound policy advocated by Ronald Reagan when dealing with the Russians, which was: "Trust — but verify."

I pointed out on the first trading day of 2011 that we expected January to be heavily manipulated right up to expiration. Assuming Lloyd and Co. were lazy and using the same Alpha 2 Bot program they ran last January, we were looking for a 300 point run that tops out at 11,850 on the Dow and 1,285 on the S&P and we hit goal on the S&P yesterday, to the penny of where I said we’d be on Jan 3rd – trusted and verified. Now we will see how the next 7 market sessions play out into expiration day. If we pop higher – we’re off the pattern and we’ll have to consider leaving the 13%, shouting hallelujah and joining the crowd but, if we flatline or fail to hold – then you can expect the first Member Portfolio of 2011 to be a bearish one!’



Jobless claims jump, wholesale food costs surge Reuters | U.S. jobless claims jumped to their highest level since October last week while food and energy costs lifted producer prices in December.

 

S&P, Moody’s Warn On U.S. Credit Rating Two leading credit rating companies have cautioned the U.S. on its credit rating, expressing concern over a deteriorating fiscal situation that they say needs correction.

 

‘Burst banks flood world as banksters sell water to people’ Max Keiser looks at all the scandal behind the financial news headlines.

 

Corporate Media Portrays Loughner as Gold and Silver Advocate Chadwick Matlin, a guest contributor writing for Reuters, attempts to connect Jared Lee Loughner to the growing movement for sound money in the United States.

 

The Looming Threat of National Debt As the United States hurtles closer to the 100% debt to GDP mark—95.5% as of today—it becomes important to assess whether unsustainable national debt will be a chronic problem to plague the United States for generations to come.

 

 

14 Eye Opening Statistics Which Reveal Just How Dramatically The U.S. Economy Has Collapsed Since 2007 Most Americans have become so accustomed to the “new normal” of continual economic decline that they don’t even remember how good things were just a few short years ago. ‘The Economic Collapse Jan 10, 2011

’Most Americans have become so accustomed to the “new normal” of continual economic decline that they don’t even remember how good things were just a few short years ago.  Back in 2007, unemployment was very low, good jobs were much easier to get, far fewer Americans were living in poverty or enrolled in welfare programs and government finances were in much better shape.  Of course most of this prosperity was fueled by massive amounts of debt, but at least times were better.  Unfortunately, things have really deteriorated over the last several years.  Since 2007, unemployment has skyrocketed, foreclosures have set new all-time records, personal bankruptcies have soared and U.S. government debt has gotten completely and totally out of control.  Poll after poll has shown that Americans are now far less optimistic about the future than they were in 2007.  It is almost as if the past few years have literally sucked the hope out of millions upon millions of Americans.

Sadly, our economic situation is continually getting worse.  Every month the United States loses more factories.  Every month the United States loses more jobs.  Every month the collective wealth of U.S. citizens continues to decline.  Every month the federal government goes into even more debt.  Every month state and local governments go into even more debt.

Unfortunately, things are going to get even worse in the years ahead.  Right now we look back on 2005, 2006 and 2007 as “good times”, but in a few years we will look back on 2010 and 2011 as “good times”.

We are in the midst of a long-term economic decline, and the very bad economic choices that we have been making as a nation for decades are now starting to really catch up with us.

So as horrible as you may think that things are now, just keep in mind that things are going to continue to deteriorate in the years ahead.

But for the moment, let us remember how far we have fallen over the past few years.  The following are 14 eye opening statistics which reveal just how dramatically the U.S. economy has collapsed since 2007….

#1 In November 2007, the official U.S. unemployment rate was just 4.7 percent.  Today, the official U.S. unemployment rate is 9.4 percent.

#2 In November 2007, 18.8% of unemployed Americans had been out of work for 27 weeks or longer.  Today that percentage is up to 41.9%.

#3 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.

#4 Nearly 10 million Americans now receive unemployment insurance, whichis almost four times as many as were receiving it back in 2007.

#5 More than half of the U.S. labor force (55 percent) has “suffered a spell of unemployment, a cut in pay, a reduction in hours or have become involuntary part-time workers” since the “recession” began in December 2007.

#6 According to one analysis, the United States has lost a total of approximately 10.5 million jobs since 2007.

#7 As 2007 began, only 26 million Americans were on food stamps.  Today, an all-time record of 43.2 million Americans are enrolled in the food stamp program.

#8 In 2007, the U.S. government held a total of $725 billion in mortgage debt.  As of the middle of 2010, the U.S. government held a total of $5.148 trillion in mortgage debt.

#9 In the year prior to the “official” beginning of the most recent recession in 2007, the IRS filed just 684,000 tax liens against U.S. taxpayers.  During 2010, the IRS filed over a million tax liens against U.S. taxpayers.

#10 From the year 2000 through the year 2007, there were 27 bank failures in the United States.  From 2008 through 2010, there were 314 bank failures in the United States.

#11 According to the U.S. Department of Housing and Urban Development, the number of U.S. families with children living in homeless sheltersincreased from 131,000 to 170,000 between 2007 and 2009.

#12 In 2007, one poll found that 43 percent of Americans were living “paycheck to paycheck”.  Sadly, according to a survey released very close to the end of 2010, approximately 55 percent of all Americans are now living paycheck to paycheck.

#13 In 2007, the “official” federal budget deficit was just 161 billion dollars.  In 2010, the “official” federal budget deficit was approximately 1.3 trillion dollars.

#14 As 2007 began, the U.S. national debt was just under 8.7 trillion dollars.  Today, the U.S. national debt has just surpassed 14 trillion dollars and it continues to soar into the stratosphere.

So is there any hope that we can turn all of this around?

Unfortunately, the massive amount of debt that we have piled up as a society over the last several decades has made that impossible.

If you add up all forms of debt (government debt, business debt, individual debt), it comes to approximately 360 percent of GDP.  It is the biggest debt bubble in the history of the world.

If the federal government and our state governments stop borrowing and spending so much money, our economy would collapse.  But if they keep borrowing and spending so much money they will continually make the eventual economic collapse even worse.

We are in the terminal stages of the most horrific debt spiral the world has ever seen, and when the debt spiral gets stopped the house of cards is going to finally come down for good.

So enjoy these times while you still have them.  Yes, today is not nearly as prosperous as 2007 was, but today is most definitely a whole lot better than 2015 or 2020 is going to be.

Sadly, we could have avoided this financial disaster completely if only we had listened more carefully to those that founded this nation.  Once upon a time, Thomas Jefferson said the following….

I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its Constitution; I mean an additional article, taking from the federal government the power of borrowing.’

 

 

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.

 

 

 

 

16 Nightmarish Economic Trends To Watch Carefully In 2011    The American Dream Dec 15, 2010 ‘If you only watch the “economic pundits” on television, it can be very confusing to figure out exactly what is happening with the U.S. economy.  One pundit will pull out a couple statistics that got a little bit better over the past month and claim that we have entered a time of solid recovery.  Another pundit will pull out a couple statistics that got a little worse over the past month and claim that we are headed for trouble.  So what is the truth?  Well, if you really want to get a clear idea of what is really going on you have to look at the long-term trends.  There are some economic trends which just keep getting worse year after year after year, and it is those trends that tell the real story of the decline of our economic system.

As you examine the long-term trends, you quickly come to realize that the U.S. is trapped in an endless spiral of debt, the middle class is being wiped out, the U.S. dollar is being destroyed and America is rapidly becoming a post-industrial wasteland.

Posted below are 16 nightmarish economic trends to watch carefully in 2011.  It is becoming exceedingly apparent that unless something is done rapidly we are heading for an economic collapse of unprecedented magnitude….

#1 Do you want to see something scary?  Just check out the chart below.  Since the beginning of the economic downturn, the U.S. monetary base has more than doubled.  But don’t worry – Federal Reserve Chairman Ben Bernanke has promised us that this could never cause inflation.  In fact, Bernanke says that we need to inject even more dollars into the economy.  So if you are alarmed by the chart below, you are just being irrational according to Bernanke….

[chart]

#2 Thousands of our factories, millions of our jobs and hundreds of billions of dollars of our national wealth continue to be shipped overseas.  In 1985, the U.S. trade deficit with China was 6 million dollars for the entire year.  In the month of August alone, the U.S. trade deficit with China was over 28 billion dollars.  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.

#3 The United States is rapidly becoming a post-industrial wasteland.  Back in 1959, manufacturing represented 28 percent of all U.S. economic output.  In 2008, it represented only 11.5 percent and it continues to fall.  Sadly, the truth is that America is being deindustrialized.  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.

#4 The number of Americans that have been out of work for an extended period of time has absolutely exploded over the last few years.  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.

#5 The middle class continues to be squeezed out of existence.  According to a poll taken in 2009, 61 percent of Americans ”always or usually” live paycheck to paycheck.  That was up substantially from 49 percent in 2008 and 43 percent in 2007.

#6 The number of Americans living in poverty is absolutely skyrocketing.  42.9 million Americans are now on food stamps, and one out of every six Americans is now enrolled in at least one anti-poverty program run by the federal government.  Unfortunately, many of those that have been hardest hit by this economic downturn have been children.  According to one new study, approximately 21 percent of all children in the United States are living below the poverty line in 2010 - the highest rate in 20 years.

#7 Many American families have been pushed beyond the breaking point during this economic downturn.  Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008.  The final number for 2010 is expected to be even higher.

#8 The U.S. real estate market continues to stagnate.  During the third quarter of 2010, 67 percent of mortgages in Nevada were “underwater”, 49 percent of mortgages in Arizona were “underwater” and 46 percent of mortgages in Florida were “underwater”.  So what happens if home prices go down even more?

#9 More elderly Americans than ever are being forced to put off retirement and continue working.  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.  Unfortunately, it looks like this problem will only get worse in the years ahead.  In America today, approximately half of all workers have less than $2000 saved up for retirement.

#10 In the United States today, there are simply far too many retirees and not nearly enough workers to support them.  Back in 1950 each retiree’s Social Security benefit was paid for by 16 workers.  Today, each retiree’s Social Security benefit is paid for by approximately 3.3 workers.  By 2025 it is projected that there will be approximately two workers for each retiree.

#11 Financial assets continue to become concentrated in fewer and fewer hands.  For example, the “big four” U.S. banks (Citigroup, JPMorgan Chase, Bank of America and Wells Fargo) had approximately 22 percent of all deposits in FDIC-insured institutions back in 2000.  As of the middle of 2009 that figure was up to 39 percent.

#12 The Federal Reserve has been destroying the value of the U.S. dollar for decades.  Since the Federal Reserve was created in 1913, the U.S. dollar has lost over 95 percent of its purchasing power.  An item that cost $20.00 in 1970 would cost you $112.35 today.  An item that cost $20.00 in 1913 would cost you $440.33 today.

#13 Commodity prices continue to soar into the stratosphere.  Ten years ago, the price of a barrel of oil hovered around 20 to 30 dollars most of the time.  Today, the price of oil is rapidly closing in on 100 dollars a barrel and there are now fears that it could soon go much higher than that.

#14 Federal government spending is completely and totally out of control.  The U.S. government budget deficit increased to a whopping $150.4 billion last month, which represented the biggest November deficit on record.  But our politicians can’t seem to break their addiction to debt.  In fact, Democrats are trying to ram through a 1,924 page, 1.1 trillion dollar spending bill in the final days of the lame-duck session of Congress before the Republicans take control of the House of Representatives next year.

#15 The U.S. national debt is rapidly closing in on 14 trillion dollars.  It is more than 13 times larger than it was just 30 short years ago.  According to an official U.S. Treasury Department report to Congress, the U.S. national debt is projected to climb to an estimated $19.6 trillion by 2015.

#16 Unfortunately, the official government numbers grossly understate the horrific nature of the crisis we are facing.  John Williams of Shadow Government Statistics has calculated that if the federal government would have used GAAP accounting standards to measure the federal budget deficit for 2009, it would have been approximately 8.8 trillion dollars.  Not only that, but John Williams now says that U.S. government debt is so wildly out of control that it is mathematically impossible for us to “grow” our way out of it….

The government’s finances not only are out of control, but the actual deficit is not containable.  Put into perspective, if the government were to raise taxes so as to seize 100% of all wages, salaries and corporate profits, it still would be showing an annual deficit using GAAP accounting on a consistent basis.  In like manner, given current revenues, if it stopped spending every penny (including defense and homeland security) other than for Social Security and Medicare obligations, the government still would be showing an annual deficit. Further, the U.S. has no potential way to grow out of this shortfall.

The more one examines the U.S. economic situation, the more depressing it becomes.  The U.S. financial system is trapped inside a horrific debt spiral  and we are headed straight for economic oblivion.

If our leaders attempt to interrupt the debt spiral it will plunge our economy into a depression.  If our leaders attempt to keep the debt spiral going for several more years it will just make the eventual crash even worse.  Either way, we are headed for a financial implosion that will be truly historic.

The debt-fueled good times that we have been enjoying for the last several decades are rapidly coming to an end.  Unfortunately for the tens of millions of Americans that are already suffering, our economic problems are only going to get worse in the years ahead.’

 

 

 

 

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! ‘

 

 


 

 

 17 Things Worrying Investors   Lloyd's Wall of Worry
 
Worry Count: 17


CHINA: 1,330,044,605 people can’t be wrong.

The PIIGS: Fasten your seatbelts. It’s gonna be a long, bumpy, expensive, weird, (insert your own adjective here) freak show of a ride.

CALIFORNIA AND THE OTHER 49 STATES: Not yet as dire as “The PIIGS”. Might I suggest the classier moniker of “The Prosciuttos” for the American basket-case states?

QE II: Gobble?

U.S. ECONOMY: The “Punky Brewster” of the global economic landscape.

UNEMPLOYMENT: Only thing worse than losing your job, losing your unemployment check. At least there’s the holiday season to cheer everyone up (read: heavy sarcasm).

TAXES: Praying to the Financial Market Gods that we don’t have another TARP-like vote fiasco.

OBAMA ADMINISTRATION PART II: Still two years before the Pres. election and the peanut gallery is already pleading for a Hail Mary Pass to get them back in the game.

HFT: Instead of beating up these liquidity supplying traders, let’s honor them with their very own stock exchange. But wait -- with no retail saps to pick-off they will never get that Day 1 opening bell tick. Perfect.

XMAS 2010: As my professor friend Nick says, “Nowadays Americans are dining off of two menus – The Million Dollar and the $0.99 Cent.” And both are pissed about it.

CURRENCIES: Poor Mr. Greenback. Does someone need a hug?

HOUSING CRISIS: Price Stabilization – Are we there yet? Just a little bit more. Are we there yet? Just a little bit more. Are we there yet? Just a little bit more….

INFLATION/DEFLATION: Fed Chief Ben B. comes out swinging from his heels in defense of inflation promotion. Don’t punch yourself out as this one is likely to go the distance.

COMMODITIES: Corrected but still sky high; fortunately these prices are only affecting core, basic, life-sustaining necessities and sparing our electronic gadgets and plus-sized SUVs. Whew!

INSIDER TRADING: Another black eye for Hedge Funds. I estimate that makes black eye number 6,597.

INTEREST RATES: South Korea and China slowly turning up the dial to “11”. On the other hand the U.S. has removed the dial altogether. This never ends well….

NORTH KOREA: Here we go again.




Consumer confidence down, LiveLeak.com - Loonie closes above U.S. dollar  … dollar for first time closes below parity on Canadian loonie … hey, hey, hey …      'Huge' stock decline — but not yet  MarketWatch  -  Brimelow ‘Commentary: Adens … ‘mega trend’ looks grim … The Adens expect a hyperinflationary collapse … ‘ Oh come on! Manipulated dollar decline with inflated earnings, stock prices thereby, etc., … we’ve seen this all before … the last few crashes …  Jobless rate jumps to 9.8% as hiring slows (Washington Post) [  The reality is not a mystery! The nation’s been thrown under the bus for the greater good (wealth) of the very few (frauds on wall street, etc.);  wall street giving out record bonuses from their accomplished fraud (with no-recession b.s. bernanke help) of $144 BILLION: Come on! This is gettin’ even more downright ridiculous (if that’s even possible)! Pending home foreclosure / distress sales up, oil prices (and oil stocks) up, debased dollar down, plus a little familiar ‘better than expected’ thrown in along with prospects of a ‘no-recession bernanke’ market-frothing bull session on 60 minutes and, voila, suckers’ rally into the close to keep the suckers suckered! What’s good for the frauds on wall street is bad for just about everyone else which includes the vast majority of people and businesses, domestically and globally, as current dollar manipulation / debasement ultimately results in higher costs and loss of purchasing power (ie., oil, etc.). Clearly, this is one of those fraudulent wealth transfers to the frauds on wall street et als which will ultimately be paid for by those who least are in a position to afford it, courtesy of the ever more worthless Weimar dollar, etc., inflating earnings, eps, lowering p/e multiples, etc., see infra. This is an especially great time to sell / take profits while you can since there's much worse to come! Previous: Rosy numbers on consumer sentiment, unemployment (far better than private forecasts) from the government prior to the holiday so-called ‘shop till you drop’? How can anyone believe anything they say? Najerian interviewed by Motek chimes in with the reason for good retail cheer; viz., people have stopped paying their mortgages and are using the funds to purchase retail goods; while Davidowitz adds that with record numbers of americans on food stamps, real unemployment at 17+, and wall street giving out record bonuses from their accomplished fraud (with no-recession b.s. bernanke help) of $144 BILLION …  the high end stores / jewelers will do well … daaaaah! And, with insiders and wall street frauds selling into the bubble as preceded last crash, this is an especially great opportunity to sell / take profits! Suckers’ rally on light volume, full moon, and government complicity (false data / reports) to keep suckers suckered (easy for the wall street frauds to do with just a mouse click / push of the button – and, they know all those technical trade lines that are easy to program in this current phase of the scam/fraud with the debased dollar). Keep in mind, the totally mindless blather from the ‘cottage industries’ of and fraudulent wall street itself in talking up lower P/E multiples when the same is a direct result of the debasement of the dollar and the consequent manipulation / translation (not real, see Davis, infra) which preceded the financial crisis / last crash. Unemployment, trade, deficit, etc., numbers continue decidedly worse than expected along with other negative data (and in the ‘wrong direction’, that spin accorded ‘down but not as bad as before’ b*** s*** ) yet the market has rallied like no tomorrow with used home foreclosure / distressed sales, though abated owing to ‘foreclosuregate’, the other ‘heralded’ good news.  Moreover, the dumbo lemmings of Europe have jumped on the fraudulent defacto bankrupt american crazy train propelled to the precipice also as if no tomorrow. This is about keeping the suckers sucked in with the help of a market-frothing pre-election debased dollar for favorable currency translation and paper (but not real when measured in, ie., gold, etc.) profits which preceded the last crisis, inflating a bubble as in the last crisis to facilitate the churn-and-earn, particularly with computerized (and high frequency) trades and which commissions they’ll get again on the way down. There is nothing to support these overbought stock prices, fundamentally or otherwise. These are desperate criminals ‘at work’. Even wall street shill, the senile Buffett is saying we’re still in a recession (depression) [ Davis: ‘… all profits are inflated by 10% (from falling, debased dollar) and that 10% is the E that gets divided from the P and gives us a much better price/multiple to hang our hats on and that gets investors to BUYBUYBUY …’  The bull market that never was / were  beyond wall street b.s. when measured in gold     ]   This is a great opportunity to sell / take profits (these lower dollar, hyperinflationary currency manipulations / translations to froth paper stocks will end quite badly as in last crash)!  This is a global depression. This is a secular bear market in a global depression. The past up moves were manipulated bull (s***) cycles (at best) 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 ‘programmed computerized high-frequency churn and earn pass the hot potato scam / fraud as in prior crashes  ( widely reported, high-frequency trading routinely accounts for more than 50% of daily U.S. equity trading volume and regularly approaches 70%.  )’. 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 Stock Market's Long Decline Has Begun Smith ] 

 

 

(1-13-11) Dow  11,731  -24  Nasdaq  2,735  -2   S&P 500  1,283  -2   [CLOSE- OIL $92.15 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.00 (reg. gas in LAND OF FRUITS AND NUTS  $3.20 REG./ $3.29 MID-GRADE/ $3.39 PREM./ $3.79  DIESEL) /  GOLD $1,387 (+24% for year 2009) / SILVER $29.26 (+47% for year 2009) PLATINUM $1,809 (+56% for year 2009)  / DOLLAR= .74 EURO, 82 YEN, .63 POUND STERLING, ETC. (How low can you go - LOWER)/  http://www.federalreserve.gov/releases/h15/update      10 YR NOTE YIELD 3.30%        …..…     AP Business Highlights                          ...Yahoo Market Update...                             T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies -  Domestic / International                          This Is a Secular Bear Market and The End of Buy and Hold … and Hope      MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10      6 Theories On Why the Stock Market Has Rallied  3-9-10 [archived website file]     Risks Lurk for ETF Investors        The bull market that never was/were  beyond wall street b.s. when measured in gold             Property Values Projected to Fall 12% in 2010 Jan 31, 2010           The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010     01-13-10 Forecast for 2010 from Seeking Alpha Contributor     THE COMING MARKET CRASH / CORRECTION   1-28-10 Maierhofer          (01-15-10) 11 Clear Signs Economy Sinking     Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover     Current Economic / Fiscal Charts         Trendsresearch.com forecast for 2009          1-7-10 Crash is coming!          ‘WORST ECONOMIC COLLAPSE EVER’       Must Read Economic / Financial Data                      This Depression is just beginning     The coming depression…  thecomingdepression.net     MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC       The Next Wave of Collapse is Coming Sooner than you think       Sliding Back Into the Great Depression  ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!  

 

National / World

 

Rand Paul: Reaction To Arizona Shooting Manufactured Out Of Rahm Emanuel Playbook Steve Watson | A serious crisis should never be allowed to go to waste.

 

The Tea Party Deception Paul Joseph Watson | Political scientist Joel Skousen lifts the lid on the hidden power that controls both parties.

 

Oklahoma Homeland Security’s Says ‘Controversial Debate’ Suspicious Behavior Jason Douglass | Oklahoma Office of Homeland Security has started a new initiative ‘Red Dirt Ready’ to induct neighbors into a neighborhood spy program.

 

Attempt by Obama Operatives to Turn Memorial Into Political Rally Backfires Kurt Nimmo | The creepy zombie-like Obama supporters we endured during the election returned in force and completely overshadowed any solemnity intended for the dead.

 

‘Stop. Think. Connect’ DHS Announces New Fear Agenda Jason Douglass | Cyber Security Coordinator announces a new PSA video challenge from Department of Homeland Security for the ‘Stop. Think. Connect’ campaign.

 

Rand Paul: Reaction To Arizona Shooting Manufactured Out Of Rahm Emanuel Playbook Kentucky Senator Rand Paul has hit out at politicians and those in the media that have attempted to use the tragic shooting in Arizona as a political point scoring exercise.

 

See Something, Say Something: Loughner Bought Bullets at Walmart In December of last year, DHS boss Janet Napolitano announced a government program with the participation of the slave goods trader Walmart to report terrorists and other miscreants.

 

Attempt by Obama Operatives to Turn Memorial Into Political Rally Backfires On Wednesday night in Tucson, Arizona, Obama and the Democrats disrespected the dead and turned a memorial into a cheap and tawdry political rally for the re-election campaign of Barry Obama.

 

Third gun control bill proposed since Tucson shootings High-profile gun violence has historically renewed legislative interest in the cause of gun control, and the shootings of twenty people in Tucson, Arizona is no exception — only this time, the measures face steeper hurdles than before.

 

The Tea Party Deception Joel Skousen, editor of World Affairs Brief, was the chairman of the Conservative National Committee in the 1980′s. In this exclusive video interview for Prison Planet.tv members, Skousen talks about the hidden power structure that controls politicians of both parties from behind the scenes, the nature of the manipulated press, the reality behind the tea party, and the ongoing conspiracy to create a one world dictatorship.

 

Political Hacks Still Seek To Exploit Shootings Before Bodies Are Buried Even a broken clock is right twice a day, and just for a change President Obama got was correct in his speech last night when he said that people should stop exploiting the Tucson tragedy as a political opportunity to point the finger.

 

New Jersey Congressman Calls for Federal Reserve Audit  [ They should audit corrupt, mob infested jersey as well. ] Recently while visiting Washington D.C., members of the South New Jersey Tyranny Response Team had the opportunity to interview the Congressman for New Jersey’s 2nd District, Frank A. LoBiondo.

 

Housing Slump Worse than the Great Depression The Zillow Home Value Index has now fallen 26% since its peak in June 2006. That’s more than the 25.9% decline in the Depression-era years between 1928 and 1933.


Mexico drug wars have killed 35,000 people in four years A total of 34,612 people have died in drug-related killings in Mexico in the four years since President Felipe Calderón declared an offensive against cartels shortly after taking office, officials said tonight.

 

Riots rage in Chile as gas price hike fuels flames of anger Riots are raging in southern Chile with two women killed and four others injured. Protesters are out in anger at gas price increases, which are reportedly due to troubles experienced by the state-owned petroleum company. 21 people have been arrested. With gas one of the country’s main imports, the price rise counters promises made by the country’s President Pinera.

 

US military chief predicts ‘more violence’ in Afghanistan in 2011 The top US military officer said Wednesday he sees an increase in bloodshed in Afghanistan as allied forces step up their offensive against the Taliban.

 

New Chinese arms aimed at US: military chief China’s new weapons programs, including the J-20 stealth aircraft, appear to be directed against the UnitedStates, the highest-ranking USmilitary officer said Wednesday.

 

Drudgereport: Jobless Claims Jump, Wholesale Food Costs Surge...
EYES ON OPEC AS OIL NEARS $100
House set to vote on healthcare repeal...
Tunisian Rioters Overwhelm Police Near Capital...
FT: What chance a US default?
S&P, MOODY'S Warn On Credit Rating...
CITI still too big after 'ad hoc' bailout...
WILL THE FED NEED A BAILOUT?
Banks repossess 1 million homes in 2010...
May Jump 20% in 2011...
Biden arrives in Baghdad 'to celebrate'...  Lobotomy Joe’s arrival as Violence kills 3, wounds 14...
Wrestling Coach Put on Leave for Insulting Obama, Challenging Him to Fight...
Politician Wants License Plates -- For Bikes…
School Hands Out Misdemeanor Tickets To Elementary School Students... [Data shows the tickets can cost a family as much as $500. ]
81-Year-Old Woman Bodyslammed, Mugged Inside NYC Subway Station -- By Another Woman...
CHICAGOLAND: Gang rape of girl, 14, recorded on cellphone...

 

 

 

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.  ]

 

Treasury secretary urges China to accelerate currency reform  (Washington Post) [ Riiiiight! Well that sounds like something the Chinese will buy into, coming from defacto bankrupt america … sounds like a plan … for fantasyland! ] Beijing’s policy is hampering U.S. competitiveness and harming the Chinese economy, Geithner says.

 

 

Economic recovery is on track (Washington Post) [ What? That (as per fed) no-recession recession (depression) thing’s over. Certainly for the frauds on wall street who caused the thing in the first place that’s true with the new bubble and at what now insurmountable cost  (record $14 trillion plus debt – Faber: US will be using 30% of total tax revenues just to pay interest on the national debt within a few years … see, infra … )Fed's beige book reports gains in manufacturing and retail sectors. Housing industry remains weak.

 

 

E.U. seeks to expand bailout fund to calm markets (Washington Post) [Nyaradi  The Sick Man Tries to Save the Terminally Ill ( I can’t recall the specific phrase, but applied here it goes something like this, ‘Japan with a debt to GDP ratio of 200% is going to save Europe, but who’s going to save Japan’. Let’s get real here as the u.s. house-building with decks, as in Titanics and reshuffled / rearranged deck chairs, of cards, as in ‘houses of cards’, becomes insanely ubiquitous worldwide and will systemically (now globally) end quite badly. This is an especially great opportunity to sell / take profits since there is much, much worse to come.  ) Nyaradi  ‘It was a quiet day yesterday for ETFs and stocks in world markets as most exchange traded funds recovered recent losses amid reduced tensions in Europe.Incredibly, Japan’s intent to buy European bonds was the catalyst for the more positive atmosphere in Europe, and as the title of this article suggests, this is truly the sick man trying to save the terminally ill…see infra… ’ ] Nations expand the scope of the euro-zone bailout fund, saying more support is necessary as investors worry about the prospects of Portugal and Spain.

 

 

ANALYSIS | Palin's 'blood libel' comment backfires Washington Post) [  God knows I’m no fan of sarah palin’s although I am constrained to admit that as a fan of Saturday Night Live, I do appreciate her contribution to comedic content in the show.  That said, this new ‘tempest in a teapot’ of her own making is a bit overdone. After all, it should be common knowledge by now, to put it mildly, that she is quite dumb; and, like that burnt out, dumb, war criminal and moron, dumbya bush (see , ie., bushisms from bush the brain-damaged moron http://albertpeia.com/bushisms.htm), she also has trouble with words; more specifically, the meanings of words. But it is also true that wobama and his ilk have trouble with words and their meaning, particularly when those spoken words are measured against what he does, his ilk never seeming to discern the glaring difference … wobama the ‘b’ for b*** s***. Lamentably (by her) and unexpectedly for palin was her failure to fully understand ‘that jewish thing’ attached to the phrase and the tender sensibilities of those who previously have been among the ranks of what seems more and more to be a somewhat offbeat fanclub of sorts. Yeah, that ‘never hear the end of it’ jewish stereotype of paranoid sensibilities to religious / ethnic prejudice / slur behind some word, phrase, or even a sneeze (spielberg’s childhood memories) can wind up turning around and biting you in you’re a** ! Previously: Krauthammer: Beyond Ariz., a reckless charge  (Washington Post) [ If it were only that simple; viz., a palin ( I’ve previously said I’m more concerned with her level of stupidity, dumb enough in an infantile way to prove she had gonads by pressing the button – never goin’ to happen, her being in that position), a beck, a bush, a wobama (Drudgereport: OBAMA FLASHBACK: 'If They Bring a Knife to the Fight, We Bring a Gun'... ), etc., there’d be hope for pervasively corrupt defacto bankrupt america. The fact is, the problem is inherent to america / americans themselves as I previously wrote here and reiterate: Will: Half-baked explanations for tragedy (Washington Post) [ Half-baked? Charlatans? The foregoing are in no short supply in defacto bankrupt, meaningfully lawless, pervasively corrupt, fraud prevalent america. See, for example, RICO case              http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf        http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm     . Moreover, Mr. Will as an oftimes apologist for war criminal, pervasively fraud-prone, defacto bankrupt, etc., america, with crime rates exceeding by far those of any other so-called civilized nations, might indeed find himself among those he’s so categorized. Among the last separate page sections to my website will be a somewhat detailed psychoanalytic evolutionary profile of the u.s. (one might ask who am I to do so which is fair comment to which I would reply, read it, or not, your choice). However, for the nonce, let me say that the it is no small coincidence that the 20th century has been dubbed ‘the american century’. That the 20th century has been considered the bloodiest is at once the natural concomitant of the foregoing reality. Keeping in mind the so-called ‘selective’ processes in both insurance (adverse) and evolutionary (Darwinian) terms, and as well, the psychology of it all from a behavioral perspective, america has indeed evolved. From the genocide of indigenous populations, to outlandish propaganda in support of same (ie., that ‘manifest destiny’ balderdash with overtones of religiosity spoonfed since elementary school, etc.), to contrived conflict / war, such, euphemistically bad behavior has been reinforced, some of which conditioning not always purposeful, ie., the ever greater frauds perpetrated on wall street for which there have been in large part no real punitive consequences to the perpetrators; but, to the contrary, great financial rewards though substantially detrimental to the majority. Despite the surface appeal, that oft asserted ‘blue-blood’ distinction doesn’t pass muster. Aside from the few seeking seeking religious freedom (ie., Puritans among some others), most then new americans were such disaffected rejects of their former homelands that desperation at best was motivation for travel to the wilds of the ‘so-called new world’ as opposed to intelligent, rational choice; criminals, mentally ill, the not-so-bright but ruthless populating the new nation in disparate numbers toward the ends consistent with greed and common criminality, corruption, and venality. As of the age of the dinosaurs, the american century has passed into the annals of a history replete with self-generating terrorism within and without (that blowback thing).     DRUDGEREPORT: NATION SHOCKED: CONGRESSWOMAN SHOT IN TUCSON
]



The Sick Man Tries to Save the Terminally Ill [  I can’t recall the specific phrase, but applied here it goes something like this, ‘Japan with a debt to GDP ratio of 200% is going to save Europe, but who’s going to save Japan’. Let’s get real here as the u.s. house-building with decks, as in Titanics and reshuffled / rearranged deck chairs, of cards, as in ‘houses of cards’, becomes insanely ubiquitous worldwide and will systemically (now globally) end quite badly. This is an especially great opportunity to sell / take profits since there is much, much worse to come.  ] Nyaradi  ‘It was a quiet day yesterday for ETFs and stocks in world markets as most exchange traded funds recovered recent losses amid reduced tensions in Europe.

Incredibly, Japan’s intent to buy European bonds was the catalyst for the more positive atmosphere in Europe, and as the title of this article suggests, this is truly the sick man trying to save the terminally ill.

The soap opera in Europe, like every soap opera, is getting boring. It starts with rising interest rates and credit default swap rates which is met by the concerned government proclaiming that they’re totally solvent and will never need a bailout which ends up to be exactly what happens.

Portugal will be selling 10 year notes today, Wednesday, and its ten year debt has stood largely above 7% in recent days. When rates in Greece and Ireland hit these levels, bailouts came within days in both cases. Italy and Spain go to the bond trough this week, as well, and so it will be an active few days in Europe.

Bottom line; get ready for an ECB bailout of Portugal coming soon, possibly this week.

At home, we move into earnings season, Illinois is moving towards an income tax increase to deal with its budget deficit while Governor Brown in California begins to sell his austerity plans.

Daily Moves for Major ETFs:

Dow Jones Industrials: (NYSEArca: DIA) +0.30%

Russell 2000: (NYSEArca: IWM) -0.47%

NASDAQ 100: (NasdaqGM: QQQQ) +0.41%

S&P 500 Index: (NYSEArca: SPY) +0.37%

MSCI Emerging Markets:(NYSEArca: EEM) +1.06%

MSCI China (NYSEArca: FXI) +1.13%

Gold (NYSEArca: GLD) +0.59%

7-10 Year Treasuries: (NYSEArca: IEF) -0.39%

20+ Year Treasuries: (NYSEArca: TLT) -0.56%

VIX -3.71%

U.S. Dollar (NYSE:Arca: (NYSE:Arca: UUP) -0.08%

The major indexes remain overvalued and overbought on a technical and fundamental basis and so Wall Street Sector Selector remains in “Yellow Flag” status, expecting choppy to lower prices ahead.’

 

 

Lunch with Marc Faber: Predictions and Insights  Sinn – ‘Tuesday I had the pleasure of meeting Marc Faber for the first time and I thoroughly enjoyed his detailed, logical, and smooth-flowing presentation. Faber is good on television, but he is much better live as he is more open with regard to his disdain for Bernanke, Greenspan, Krugman et al. He even ended the Q&A portion by saying ‘I hope you have a better idea of what to do with your wealth, but what you do with your client’s wealth is another story’. Below I have listed the main concepts that Faber’s presentation impressed on my thinking:

Key takeaways from Marc Faber Luncheon- January 11, 2011

The Eurozone is worse off than even the U.S. at this point because they lack a single fiscal authority. It is difficult to implement a federal/super-sovereign approach in the Eurozone due to challenge of implementing a single taxing authority with supervisory and enforcement powers.

When asked about the possibility of dividing the Eurozone into a north and south euro, he dismissed this idea as being very unlikely.

The most likely path forward for the Eurozone will be for the ECB to continue to monetize the sovereign debt of the weaker Member States. He also stressed the point that the ultimate solution will be highly political and unpredictable and that there will be plenty of ‘noise’ on the way to the final outcome.

Faber is concerned about a slowdown in China and India over the next 3-6 months. China currently has negative real interest rates and may need to raise rates over 100 basis points in order to bring the real interest rate back near zero. He also mentioned that he had recently reduced his investment exposure to China and India.

Faber seemed most bullish on the price of oil and pointed out that Chinese consumers consume only 2 barrels of oil per capita/year while US consumers consume over 20 barrels of oil per capita/year.

Faber pointed out how under leveraged Asian consumers are compared to Western European/ US consumers. He cited that only 10% of Vietnamese have a bank account which demonstrates how much room there is for leveraging in Asia.

·He was VERY bearish on U.S. government debt long term and even pointed to a chart of US 10-year note yields over the past 60 years. He then waved the laser pointer to indicate that yields will eventually go past the early 1980s highs.

·He illustrated the performance of Mexican government bonds and the peso currency from the late 1970s to 1988. The peso lost 98% of its value vs. the US dollar and Mexican bonds performed horribly while Mexican equities priced in US dollars ended the 10-year period slightly positive.

Finally, Faber pointed out that there is potential for geopolitical tensions between China and India as they compete for natural resources (oil, water). He pointed out that China and India share the Brahmaputra River. There has been continued speculation that China plans to build a dam on the river in order to divert water to the North of the country (Doug Kass also mentioned the possibility of a military conflict between China and India over this river in his year end predictions for 2011). In addition, Faber explained that China isn’t happy about the US recommendation that India join the UN Security Council.

Oddly enough, I agree with almost everything Dr. Faber discussed. However, I doubt that gold will undergo a 20% correction this year (I would say 10-15% is the maximum unless there were to be a complete paradigm shift in monetary policy from the ECB/Fed). The crowd was most amused by Dr. Faber’s disdainful comments about Messieurs Bernanke, Greenspan, and Krugman.

While I agree with the latter two, I believe Chairman Bernanke is doing the only thing he can do with the terrible hand he has been dealt. I also believe the possibility of a military confrontation between China and India is extremely remote due to the potential magnitude of the consequences. Dr. Faber managed to cause me to be even more concerned about the state of the US fiscal situation than I already was. I didn’t think that was possible, but when he explained the US would be using 30% of total tax revenues just to pay interest on the national debt within a few years, I realized the situation was more serious than even I had realized.  Disclosure: I am long GLD.’

 

 

Cupcake Capitalism Offers Hope for New Bubble: Jonathan Weil  Weil ‘The first thing every prospective investor should know about Crumbs Holdings LLC, which operates 34 cupcake shops, is that there was an error in the first sentence of its Jan. 10 press release announcing the New York retailer’s planned public listing on the Nasdaq Stock Market.

Crumbs called itself the “creator of the gourmet cupcake.” The claim is false. Crumbs didn’t create the gourmet cupcake. I did, or at least that’s how I choose to remember it.

It was a glorious Sunday morning in October 1976. I was six years old. My mom helped me follow the instructions on a box of Duncan Hines cake mix. I added Frosted Flakes to the icing, spread the sugary goo on top of my creations, and dubbed them Jonny’s Chocolate Crunchcakes. They were Gr-r-reat!

Crumbs executives say they plan to expand to 200 locations within four years, a sixfold increase. They’ll have no need for a traditional initial public offering, though. Crumbs plans to do a reverse merger with a publicly traded shell company called 57th Street General Acquisition Corp.

It’s easy to dismiss the cupcake craze’s arrival on Wall Street as just another indicator of a world gone mad, because it is. Yet there’s a serious point here, too. This may be one of the most hopeful signs in a long time that the economic boom-to- bust cycle may be returning to boom again.

Think about it. Would a chain of stores selling outsourced $4.50 cupcakes have stood a chance at luring stock-market investors three years ago, when the banking crisis was driving the world into a global recession? No way. Yet now the red velvet carpet is out for the likes of Crumbs Bake Shop. The opportunities for other entrepreneurs seem endless.

Master Plan

Before long, sophisticated investors may once again line up to throw money at sure-fire concepts like iron-on T-shirts and collectible plush toys. This must be good news, whether you’re a central banker or a maxed-out office worker buying a caramel apple on credit. It’s evidence that our global economic leaders’ master plan is working. That would be to spend our way out of the last bubble’s wreckage with money we don’t have, until we can create a new bubble to wealth-effect our troubles away.

To be sure, the news from Crumbs doesn’t signal an actual bubble, only the promise of one. But it does tempt us to consider that there may be real bubbles, even monstrous ones, soon. To accomplish this, we’ll need the titans of industry and finance to remain united in pressing for the common good. And there’s positive news on this front.

Remorse-Free Zone

This week Barclays Plc’s chief executive, Robert Diamond, told British parliamentarians it’s time for banks to stop apologizing and start rebuilding confidence. “There was a period of remorse and apology for banks. That period needs to be over,” he told a House of Commons committee in London.

When this period of remorse supposedly occurred, I’m not sure. What matters, though, is that the world now appears to be coming around to Diamond’s way of thinking, which is that we must all agree to be confident.

Similarly, last week President Barack Obama picked a top JPMorgan Chase & Co. banker and former Fannie Mae board member, William Daley, to be his new chief of staff. Amazingly, hardly anyone complained. It seems Americans are too busy trying to figure out how to buy pre-IPO shares of Facebook and Twitter. Distrust of Wall Street is so 2009.

You also can see the seeds of this new era in our corporate leaders’ math. The same day Crumbs said it would go public, Groupon Inc., which claims to have been called “the fastest growing company ever” by Forbes magazine, issued a press release under this headline: “Groupon Raises, Like, A Billion Dollars.” Actually the amount was $950 million. But we can all agree that a billion grabs more attention.

All of which shows there’s hope for the world’s economy to return quickly to rapid growth, as long as we work together to figure out how we can get in all these new bubbles and sell at just the right time, before everyone else figures out when that is. Then we can be rich again. That is, until the next bust, by which time we’ll have moved on to even bigger booms.

All we have to do is believe. Jonathan Weil is a Bloomberg News columnist. The opinions expressed are his own.) To contact the writer of this column: Jonathan Weil in New York at [email protected] ‘

 

 

Bernanke to Broke States: Go Suck an Egg Infowars.com | Trillions for international banksters, nothing for the states.

 

Could the U.S. central bank go broke? Reuters | The U.S. Federal Reserve’s journey to the outer limits of monetary policy is raising concerns about how hard it will be to withdraw trillions of dollars in stimulus from the banking system when the time is right.

 

Gold prices at record amid reports of dollar’s demise Guardian.co.uk | Reports of secret talks over ending the dollar pricing of oil and money flows into commodities as fears of inflation grow.

 

Sanders Says Bernanke Ducks Request for Details on Fed Loans Vermont Senator Bernard Sanders, whose legislative provision forced the Federal Reserve to disclose last month the recipients of $3.3 trillion in financial-crisis aid, said Chairman Ben S. Bernanke ducked his request for more details about the loans.

 

Home price drops exceed Great Depression Home prices fell for the 53rd consecutive month in November, taking the decline past that of the Great Depression for the first time in the prolonged housing slump, according to Zillow.

 

Downturn’s Ugly Trademark: Steep, Lasting Drop in Wages In California, former auto worker Maria Gregg was out of work five months last year before landing a new job—at a nearly 20% pay cut.

 

Primary Dealers Leech Off Fed’s Currency Destruction While Estonia is burning its currency to keep warm and celebrate joining the Euro, the United States is defiling its currency in a wholly American way—by giving it to Wall Street.

 

National / World

 

 

Corporate Media Portrays Loughner as Gold and Silver Advocate Kurt Nimmo | Loughner’s irrational currency ramblings offer the establishment a chance to tarnish a growing movement calling for the elimination of the Federal Reserve.

 

Arizona Shooter Was On Powerful Hallucinogens Steve Watson | Friend says “He would admit to seeing the sky as orange and the grass as blue”.

 

Welcome To The Reservation Paul Joseph Watson | American Indian activist Russell Means explains how history has come full circle.

 

Was Loughner In Love With Congresswoman Giffords? Paul Joseph Watson | Gunman’s disinterest in politics fails to explain dangerous obsession that began several years ago.

 

Palin: “When was it less heated? Back in those “calm days” when political figures literally settled their differences with dueling pistols?” Sarah Palin | President Reagan said, “We must reject the idea that every time a law’s broken, society is guilty rather than the lawbreaker. It is time to restore the American precept that each individual is accountable for his actions.”

 

Arizona Shooter Was On Powerful Hallucinogens As with practically every other high profile shooting case in recent memory, it appears that the suspect was using psychotropic drugs, substances that significantly alter areas of the brain associated with perception, mood, consciousness, cognition, and behavior.

 

Was Loughner In Love With Congresswoman Giffords? Now that the contrived idea that heated political rhetoric from conservatives has been rejected as a motivation behind Jared Lee Loughner’s tragic rampage in which Congresswoman Gabrielle Giffords was targeted, Loughner’s documented obsession with Giffords indicates that he may have been infatuated with the Arizona Democrat.

 

Welcome To The Reservation American Indian Russell Means gives an eye-opening 90 minute interview in which he explains how Native Americans and Americans in general are all imprisoned within one huge reservation. “The history of the American and the history of the Indian have now come full circle and are intertwined in the dictatorial policies of those that control the monetary system of America,” remarks Means.

 

He did not watch TV. He disliked the news. He didn’t listen to political radio Regarding the high-pitched talk radio and cable news political rhetoric, Osler says his friend didn’t even watch the news.

 

Officers stopped suspect on day of Ariz. shooting; Police Say They Visited Tucson Suspect’s Home Even Before Rampage TUCSON — The police were sent to the home where Jared L. Loughner lived with his family on more than one occasion before the attack here on Saturday that left a congresswoman fighting for her life and six others dead, the Pima County Sheriff’s Department said on Tuesday.

 

Arizona Shooting Suspect Wrote `Die Bitch’ on Giffords Letter Jared Loughner, accused of shooting U.S. Representative Gabrielle Giffords in the Tucson, Arizona attack that killed six people and wounded 14, wrote “die b*****” and “die cops” on a letter he received from the lawmaker in 2007, officials said.

 

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.

 

‘US behind instability in Lebanon’ Press TV | Iran’s ambassador to Beirut says Washington’s interferences resulted in the failure of Saudi Arabian and Syrian efforts to stabilize Lebanon.

 

China stealth jet upstages US defence chief’s visit US Defense Secretary Robert Gates on Wednesday toured China’s nuclear command centre to end what he called a “very successful” visit — one upstaged by a bold display of Beijing’s advanced weaponry

 

 

Drudgereport: World moves closer to food price shock...
OIL NEARS $100...
Soaring commodities...
PALIN CALLS OUT MEDIA 'BLOOD LIBEL'...
VIDEO...
Death Threats at 'Unprecedented Level,' Aides Say...
ABCNEWS: She 'once again has found a way to become part of the story'...
CBSNEWS: 'Plays the victim card'...
NBCNEWS: 'Ignorant' for using 'blood libel' term...
Assange claims 'insurance' files on Rupert Murdoch; Says China Top Threat to WIKILEAKS...  ‘In this week's New Statesman, WikiLeaks founder Julian Assange talks to John Pilger about Bradley Manning, his "insurance" files on Rupert Murdoch and Newscorp - and which country is the real enemy of WikiLeaks. To read the entire feature, pick up a copy of this week's New Statesman available on newsstands from tomorrow. Some highlights of the piece are below: The "technological enemy" of WikiLeaks is not the US - but China, according to Assange. "China is the worst offender," when it comes to censorship, says the controversial whistleblower. "China has aggressive and sophisticated interception technology that places itself between every reader inside China and every information source outside China. We've been fighting a running battle to make sure we can get information through, and there are now all sorts of ways Chinese readers can get on to our site." On Bradley Manning - the US soldier accused of leaking the diplomatic cables to WikiLeaks - Assange says: "I'd never heard his name before it was published in the press." He argues that the US is trying to use Manning - currently stuck in solitary confinement in the US - to build a case against the WikiLeaks founder: "Cracking Bradley Manning is the first step," says the Australian hacker. "The aim clearly is to break him and force a confession that he somehow conspired with me to harm the national security of the United States." Such conspiracy would be impossible, according to Assange. "WikiLeaks technology was designed from the very beginning to make sure that we never knew the identities or names of people sub¬mitting material. We are as untraceable as we are uncensorable. That's the only way to assure sources they are protected." Yesterday, Assange's lawyers warned that if he is extradited to America, he could face the death penalty - for embarrassing the leaders of the US government. "They don't want the public to know these things and scapegoats must be found," says Assange. And despite the pressure the website has been under, reports of trouble at WikiLeaks are greatly exaggerated, claims Assange. "There is no 'fall'. We have never published as much as we are now. WikiLeaks is now mirrored on more than 2,000 websites. I can't keep track of the spin-off sites - those who are doing their own WikiLeaks... If something happens to me or to WikiLeaks, 'insurance' files will be released." The contents of these files are unknown, but, according to Assange, "[t]hey speak more of the same truth to power." It is not just government that should be worried about the content of these files, however. "There are 504 US embassy cables on one broadcasting organisation and there are cables on Murdoch and News Corp," says Assange. The attempts by the US to indict Assange should worrying the mainstream press, he adds. "I think what's emerging in the mainstream media is the awareness that if I can be indicted, other journalists can, too," says Assange. "Even the New York Times is worried. This used not to be the case. If a whistleblower was prosecuted, publishers and reporters were protected by the First Amendment, which journalists took for granted. That's being lost."

 

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

 

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Goldman Sachs self-eval calls for disclosure of operations (Washington Post) [  Self-evaluation? Goldman-sachs? Don’t make me laugh! … Oh, right … they don’t cheat, they just steal / defraud!    ] Goldman is trying to turn the page on a bad year (as in huge bonuses … that bad … riiiight!) .



Chinese military tests fighter jet ahead of Hu's meeting with Gates (Washington Post) [  China tests stealth aircraft before Gates, Hu meet (Post, January 11, 2011; 6:12 PM)  Chinese general to visit U.S. base in small sign of thawing military ties (Post, January 12, 2011; 1:21 AM)  Small sign of thawing? Yeah, maybe … so small you’d need a electron microscope to see it … as gates melted at the prospect of China’s latest new addition to their defensive arsenal, which they can afford, as defacto bankrupt america drowns in perpetual, contrived / self-created / self-destructive wars. ]

 

 

China's exchange reserves hit record level (Washington Post) [  Relations, relationship, reserves. I’d say proportional … as in terms of, ie., rationality … as in, ie., relative abundance; viz., China having substantially greater reserves and rationality than irrationally, pervasively corrupt, meaningfully lawless, perpetual war despite defacto bankrupt america.  ]  The thorniest problem in economic relations between the United States and China is getting worse, just as the world's two biggest economies prepare for a summit next week in Washington.

 

 

Meyerson: Culture of paranoia (Washington Post) [ That ‘for us or again’ us’ dichotomy that flourished with unbridled enthusiasm and encouragement by lesser brains typified by burnt out war criminal and moron dumbya bush & co certainly gained traction with the bushlander failed regimes; but, truth be told, to the surprise of many, the same mindless approach to all things domestic and international has under wobama’s failed regime proved to be the coup de grace, the ‘straw that broke the camel’s back, etc.. Indeed, the continuation of the perpetual war policy despite the defacto bankruptcy of the nation has made wobama’s failed presidency merely icing on what has become the american upside down cake. From no pros of the frauds on wall street to increased war spending and runaway deficits, wobama the ‘b’ for b*** s*** has proven the more america ‘changes’ the more america stays the same … in rate of decline, that is. Talk radio … all b*** s*** with a few convenient facts interspersed for relevance. I’d say liberal talk radio is worse in that if they’re not comin’ down hard on wobama (I presume they’re not), then all their rhetoric in the bush years was hot air. And hot air is what they are which is the reason d’etre for that little on/off switch which is all the censorship that’s needed. That’s what I use for the blowhards … and it works extremely well! ]

 

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

 

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Four Financial Farces That Will End in Disaster  Summers ‘At this point the news out of the financial world is more insane than … well, just about anything.

Farce #1: Japan Can Bail Out Anything.

First off, Japan, which has a debt to GDP ratio of 200%, is bailing out Europe, which has a smaller but equally disturbing debt problem. Yes, one broke country (Japan) is now trying to bail out an entire economic union, despite the fact that it hasn't succeeded in managing its own finances or economy in over 20 years.Indeed, the idea that Japan could bail out anyone when it’s failed to create any substantial economic growth despite spending trillions of yen should give you an idea of just how out of control the entire financial system has become. We are literally in the end game now. Unless Martians come down and start bailing out Earth, the Great Sovereign Default will be in full effect within the next six months.

Farce #2: Inflation Is at 1%.

Meanwhile, Ben Bernanke claims that inflation in the U.S. is at 1%. President Obama has to maintain that this is a fact with a straight face next week when he meets with French President Nicolas Sarkozy, who is witnessing food riots in Algeria due to soaring food prices.The Fed has claimed inflation is under control for months now, proving that its members must not eat food, drive cars, or know how to read. Indeed, in order to ignore rising prices in the U.S., you would literally have to not shop for groceries, not pump gas into your car, not read the newspaper, and not have access to the Internet or any financial news outlet.I sincerely hope that the Fed is not run by folks who fit this description, but after reading the next two farces, I’m not so sure.

Farce #3: QE Is Working.

Various Fed officials have stepped forward to claim that its Quantitative Easing program has worked. Correct me if I’m wrong, but I thought the whole purpose of QE was to lower interest rates.How then do you explain the following? [chart]As you can see, interest rates have soared since the Fed implemented QE 2. It’s not like QE has helped the U.S. economy either; food stamp usage has hit new records since it began.And yet the Fed claims that QE is not only working, but we need more of it. However, even that farce pales compared to the next and final financial farce of today’s essay.

Farce #4: The Folks Managing the Fed’s QE Efforts Have No Investing Experience.

Then, of course, there’s the recent revelation that the Fed’s monetary policies involving the purchasing of trillions of U.S. Treasuries are in the hands of folks aged 26, 29, and 34, none of whom have any investing experience whatsoever.And they’re in charge of buying up trillions in U.S. debt.If, at this point, it’s not clear that the entire financial system is not a disaster waiting to happen, then I don’t know what else to say. Indeed, our entire system is built on fraud and managed by folks who don’t know what they’re doing. And if you think they’ll steer us to safety, consider that around the globe we’re already beginning to see signs of systemic collapse.Indeed, I believe we are in fact on the verge of another round of deflation which will take prices down across the board as the U.S. dollar rallies. However, this period will be short-lived as it will be followed by a U.S. dollar collapse soon after.At that point, the next stage is the paper currency collapse, the stage at which inflation accelerates as the U.S. dollar collapses, destroying purchasing power while inflation hedges explode higher.Some, like the most popular picks (gold and silver bullion), will record strong gains. However, others (the ones that 99.9% of the investment world are currently clueless about), will go absolutely parabolic.’

 

 

Volume Still Incredibly Weak: Dave's Daily - ‘Words fail me frankly, but I'll attempt a posting here knowing volume remains incredibly weak as markets are supported primarily by Ben's POMO activities. As the Fed was buying 5-year bonds, the Treasury was selling 3-year notes--um, left hand, right hand. Markets did get a boost early by an upgrade of HPQ by UBS combined with easing tensions in the habitually troubled euro zone. To the latter, the Japanese said they'd be buyers of euro zone debt to show support for the region. Trouble is, will the EU reciprocate? Alcoa's earnings report, complex as always, was greeted by some selling. Verizon announced it would feature the iPhone which led to some light selling of VZ and AAPL--such is the level of conviction currently…’

 

 

 

Janney Technical Analyst Sees 3-5% Correction In S&P 500 'Looming'  Coleman ‘Janney Capital Markets’ technical analyst Dan Wantrobski sent a note to clients Tuesday afternoon saying that he’s moved into the bear’s camp.A 3-5% correction on the S&P 500 index is “looming,” he added, with the first stop being the benchmark’s 50-day moving average.The S&P 500’s 50-day moving average, an often-mentioned short-term indicator, is currently sitting at 1228, says the analyst.

His main points include:

“The VIX has hit levels that in the past two years accompanied corrections in the market. True, the VIX could actually breakdown and head even lower from here- but if it holds support at 15 (currently it’s 17.06), it would suggestive of a market turn, in our opinion,” Wantrobski wrote.

The worst positioned sectors, he finds, are (with a representative ETF): Retail (XRT), Consumer Staples (XLP), Telecom (IYZ) and Gold (GLD).Of course, a close proxy for the blue chip benchmark is the SPDR S&P 500 (SPY).’

 


Sam Stovall: Extreme Bullishness a Concern - Stocks Will Probably Correct Levy ‘Sam Stovall is chief investment strategist at Standard & Poor’s Equity Research as well as the author of The Seven Rules of Wall Street and the column Stovall's Sector Watch, a page on Spoutlook.com.

Harlan Levy: How do you rate the jobs situation, and what are the implications for this year?

Sam Stovall: I was disappointed from a payroll perspective but was encouraged from an unemployment rate standpoint. What’s more I was encouraged to see a decline in the number of the underemployed, because it implies that the drop in the unemployment rate was not due to job seekers giving up in frustration.

However, the jobs situation is still the biggest impediment to the stock market’s performance in 2011. S&P Chief Econoist David Wyss continues to believe that unemployment will likely remain above 9 percent for all of 2011 and that this will remain a jobless economic and stock market recovery.

If, however, we find that the payroll picture improves more rapidly than anticipated, we believe the upward trajectory in economic and market performance will accelerate.

H.L.: The level of investor optimism about the stock market seems extreme these days. How bullish are you on stocks?

S.S.: I do think that the extreme level of investor optimism is something to be concerned about in the near term, but it does not stop me from being optimistic for the longer term. The recent spate of better-than-expected economic reports combined with the still strong forecasted increase in earnings supports the seasonal tendency for the S&P 500 to be strong in both the January and the first-quarter of a president’s third year in office.

That said, the stock market usually gives investors a second opportunity to get back in at lower prices. By that I mean since World War II 89 percent of the time the S&P 500 has been lower at some point in the new year as compared with the closing level of the prior year. Of course, past performance is no guarantee of future results, and this year’s market action might fail to take a breather, but I doubt it. So I don’t think it’s wise to be chasing returns right now, because nearly nine times out of every 10 the market in the new year trades about 9 percent below the closing level of the prior year.

H.L.: Has the stock market priced in the massive debts of the states and cities and towns?

S.S.: That’s a very good question. I’m not really sure. The market seems to go back and forth between fear and complacency as it relates to debt on a variety of levels, be it sovereign, state, local, or personal. When it comes to the states’ debts, they’re facing monumental obligations that they may have a very hard time fulfilling. California is certainly substantially larger than the economies of Greece and Ireland, and if you add Illinois to the equation, there would be substantial reason to be worried should these states default on their obligations.

Based on the absence of meaningful discussion of a potential default, that leads me to believe that the market does not expect default to be a likely outcome. I’m worried that we’re putting it on the back burner, but it’s obviously not affecting the market. It’s the outlook of the bears versus the outlook of the bulls. Bears focus on structural problems , things that take years to materialize, whereas bulls tend to look at nearer term events and basically say the trend is my friend until it ends. Chances are the bears will eventually be proved correct, but people ignore the bears because it takes so long. By then a lot of people have just stopped listening. I don’t know that they should not be ignoring it. The market tends to evaluate everything and attempts to put it in perspective. Sometimes they’re wrong -- like when it came to housing and the financial crisis -- and they might be ignoring it currently at their own peril later on.

That’s why I always think it’s wise to use both fundamental and technical analysis, since fundamentals tell you what and technicals tell you when. Right now the fundamentals are positive from a mainstream Gross Domestic Product perspective as well as a corporate earnings standpoint, but there are a lot of potential pitfalls from housing, unemployment, and debt that may yet materialize. Technically speaking, however, the trend is still our friend and implies further upside. Should these worries be moved from the back burner to the front burner once again, the charts will likely give us advanced warning.

H.L.: What sectors of the economy look healthy and which don’t?

S.S.: All sectors of the S&P 500 are expected to post positive year-over year results in the fourth quarter of 2010 as well as the full year of 2010 and in 2011. The strongest earnings increases in 2011 are likely to be seen in the cyclical areas of the economy, such as industrials, technology, energy, and materials.

The defensive areas, which are also typically slow-growth areas, are likely to be just that, the laggards in corporate profit growth this year.

H.L.: Will the dollar stay strong, and if so is that bad for stocks, the way it recently has been?

S.S.: The dollar may decline from a technical perspective in the near term as it undulates between support and resistance, yet should the U.S. economy continue to improve and interest rates gradually work their way higher, that would likely cause the dollar to remain firm rather than force it into a renewed downward direction. It’s neither good nor bad, because investors will look at the firmer dollar as a confirmation that our economy is improving.

H.L.: Now that the Republicans are in control of the House of Representatives, will their promises of massive spending cuts and elimination of business regulations end up killing the recovery?

S.S.: We believe that because the Democrats still control the Senate that we probably won’t see the steamrolling effect of the Republican-controlled House and its impact on spending cuts that people worry about materializing in 2011. They will still have to get a buy-in from the Democrats. So it may curtail increased spending, but it probably won’t lead to draconian spending cuts.’



The Three Biggest Risks in Today's Market  Leeb ‘Last week I sat down with some fellow market players for an extended conversation about the opportunities and risks investors face today. The most productive questions we asked ourselves were “What could go wrong in 2011 and beyond?” and “What can we do about it?” Of the many possible disasters that emerged, here are my top three candidates.

This is more than just a case of “the bigger they are, the harder they fall.” We’ve said before that Germany's greatest advantage today is its participation in the euro. Having its currency tied to many smaller and weaker European nations effectively gives Germany the most undervalued currency among developed nations. In terms of the German economy, the euro is more undervalued than even the Chinese yuan. Such a cheap currency gives Germany an edge in selling exports to other nations.

Of course, whenever you take advantage of a situation, you become vulnerable to any change in it. Germany has certainly taken advantage of the weak euro: Exports now make up 40% of the German economy and virtually all of its growth is export-driven.

If the euro were to break up, Germany would be forced to adopt a new currency that would be valued fairly on the world stage. Its exports would plunge, sending its economy into a deep recession. Such an event could provoke disharmony if not separatist movements among the 16 states that make up the German republic. (Let's recall that economic illness in Germany once led to the rise of Hitler and World War II.) The risk is that a serious German recession could cause a return of the pre-Bismarck era when competition among states made war commonplace within Europe.

Equally worrying is Germany's trade balance with China. Before 2009, China was the only significant country with which Germany ran a deficit. Now that deficit has become a surplus, but the change is not a positive, since it is the result of Germany's decision to sell high-tech goods to China.

As has happened before, China will likely seize upon the opportunity to re-engineer Germany's technology, create its own high-tech product lines, and export them at cheaper prices. Germany could then lose another big advantage.

Of course, neither of these potential events would be worse for Germany than the break-up of the EU itself. We doubt this will happen, at least not for some time, because it would take a policy mistake of gigantic proportions. The member states have a strong motivation to keep the EU together and avoid the depression that would surely follow. Nonetheless, mistakes have been made before.

For instance, today we have a short-term interruption of the Trans-Alaskan oil pipeline which affects less than 1% of the world's oil supply. Yet it has resulted in a 1.5% jump in oil prices.

Any unexpected increase in oil demand from China or the other developing nations, or another unexpected drop in production, could send oil prices to the moon. It would be a replay of 2008, with an equally disastrous deflationary end.

We assume you are well enough off to withstand a jump in gasoline prices without a serious decline in your lifestyle. However, there are millions of Americans with incomes under $60,000 a year who could not tolerate $5 a gallon gasoline without cutting back spending in other areas. Falling consumer spending could spell curtains for the recovery.

The first article discussed how much easier it is for a young person to get into a top U.S. college if one of their parents went there. In fact, the legacy advantage gives people a 7X greater likelihood of admission.

We need not remind you that the American Dream was that anyone, regardless of their background, could achieve success through hard work and/or natural talent. It was the dream of creating a meritocracy, where the biggest rewards go to the individuals who most deserve them. By contrast, the legacy advantage rewards people for simply having the right parents. It is a step towards creating a hereditary upper class, or a plutocracy – exactly the opposite of what America is all about.

China, on the other hand, doles out opportunities to young people according to how well they score on tests. The second NYT article, written by Nicholas Kristof, discussed Hou Yifan, a 16-year-old Chinese girl from a poor background who is now the top female chess player in the world. Hou's talent was supported by training and financing from the Chinese government. Kristof's point, which we agree with, is that China invests in talent, regardless of its origins.

China's government may not be democratic, but it is built upon the principles of a meritocracy. It recruits and nurtures the brightest and the best. Consequently, Xi Jinping, China's heir apparent to current leader Hu Jintao, started his career as a farm laborer. His father was a poor tea trader who spent 16 years in prison for his politics. (Offhand, we don't recall the last U.S. President who came from such humble beginnings. Certainly, there have been very few since Andrew Jackson.) Suffice it to say that fewer U.S. leaders today have come from poor backgrounds than ever before - which suggests that many highly talented young people are finding the doorway to the American Dream barred against them.

If the U.S. is to retain its standing in the world, we need to get our act together. We need to make sure the best talent is nurtured and rewarded, not wasted. We need to maintain leadership in vital technologies. We need to rethink political correctness (that is, we need to embrace ideas that are true regardless whether they serve vested interests).

As Defense Secretary Gates learned on his recent visit to China, the country has the flexibility to expand its military while the U.S. is now looking at cutbacks. China is also planning to spend $1.5 trillion on new high-tech industries that will increase its energy supplies and efficiency. The only solution the U.S. seems willing to consider is more offshore drilling. We must stop being so complacent.

Meanwhile, so long as we are looking at convex curves in not only oil prices but also copper and other commodities, we will continue to invest for the next exponential advance. Gold remains the safest long-term investment you can make today as a hedge against deflation and inflation. Buy either gold stocks or bullion ETFs.’



Could the U.S. central bank go broke? Reuters | The U.S. Federal Reserve’s journey to the outer limits of monetary policy is raising concerns about how hard it will be to withdraw trillions of dollars in stimulus from the banking system when the time is right.

 

Fed’s bond-buying could soon backfire: Plosser The U.S. Federal Reserve’s aggressive bond-buying plan could soon backfire unless the central bank gradually changes course to head off inflation, a top Fed official known for his hawkish stance said on Tuesday.

 

Toward Sensible Monetary Policy Last week the 112th Congress was sworn in. I am pleased that I will be chairing the Monetary Policy Subcommittee of the Financial Services Committee, which has oversight of the Federal Reserve. Obviously, this position will facilitate my efforts to ensure the Fed provides the American people with more information about what they have been doing with and to our money

 

‘Not Owning Gold is a Form of Insanity’: Chartist Gold will eventually rally exponentially and investors who don’t own the precious metal are “insane,” and may be showing “masochistic tendencies,” Robin Griffiths, technical strategist at Cazenove Capital, told CNBC.

 

Virginia Creates Subcommittee To Study Monetary Alternatives In Case Of Terminal Fed “Breakdown”, Considers Gold As Option In what may one day be heralded as the formal proposal that proverbially started it all, the Commonwealth of Virginia introduced House Resolution No. 557 to establish a joint subcommittee to “to study whether the Commonwealth should adopt a currency to serve as an alternative to the currency distributed by the Federal Reserve System in the event of a major breakdown of the Federal Reserve System.”

 

 

Gold prices at record amid reports of dollar’s demise Guardian.co.uk | Reports of secret talks over ending the dollar pricing of oil and money flows into commodities as fears of inflation grow.

 

America’s housing bubble still deflating Guardian.co.uk| As they failed to spot the bubble, most economists seem oblivious of the threat of further market falls to come.

 

 

 

National / World

 

 

DHS Ties Arizona Attack to “Lone Wolf” Terrorism Kurt Nimmo | DHS and the FBI sent bulletin to local law enforcement after Rep. Giffords and others were shot in Arizona.

 

 

Liberal Media was Already Prepared for Violence in Tucson Matt Ryan | The terrible shooting in Tucson, Arizona was the act of a 22-year-old that was immediately profiled as a tea party member.

 

Another Mass Animal Die-off Jason Douglass | Thousand of gizzard shad dying along the Chicago lakefront.

 

Gun Grabbing Congress Critters Come Out of Woodwork After Giffords Shooting Kurt Nimmo | Statist gun-grabbers will not rest until the Second Amendment is stricken from the Bill of Rights.

 

Tone Down The Rhetoric… Mr President The use of words and phrases like “take aim”, “reload” and “shoot down”, despite their metaphorical intention, is to blame for the random act of violence committed by one psychopath in Arizona on Sunday, according to scores of frothing media hacks and political lawmakers. If this is so why not highlight a speech given by then presidential candidate Obama in 2008, in which he triumphantly stated “If They Bring a Knife to the Fight, We Bring a Gun”?

 

WikiLeaks chief: Charge Palin, Huckabee with ‘incitements to kill’ The editor-in-chief of WikiLeaks called on US authorities to seek charges against high-profile Republicans Sarah Palin and Mike Huckabee for “incitements to kill” by the use of “violent rhetoric” against the anti- secrecy outlet.

 

Arizona Sheriff Dever Says Killer Alone Is Responsible for Shooting; ‘Frightening’ to ‘Lay Blame on Anyone Else’s Doorstep’ Cochise County Sheriff Larry Dever said he does not understand why his friend and colleague, Pima County Sheriff Clarence Dupnik, would suggest at a news conference following Saturday’s shooting in Tucson that political ideology played a role in the tragedy.

 

Pima County Sheriff Dupnik Blamed Right Wing for Slaughter But Details Emerge of Multiple Contacts between Jared Loughner and the Sheriffs office over Multiple Death Threats Only the left can get away with pointing their bloody fingers at everyone else.

 

Backup Communications System Was ‘Miraculously’ Switched on for ‘Exercise Mode’ and Ready for Use on 9/11  [ It is also especially noteworthy that NORAD was ordered to stand down that day! ] ]A special backup network that allows communications between government and military agencies to continue during emergencies was “miraculously” switched on the day before 9/11, and so was already operational when the terrorist attacks in New York and at the Pentagon took place.

 

 

Establishment Ignores Violent Rhetoric From Eco-Leftists While the establishment has invoked the supposed threat of vitriolic “right-wing rhetoric” as a tool with which to bludgeon freedom of speech in response to the Tucson shootings, it has conspired to sweep under the carpet far more extreme and threatening language and images used by leftists in the context of the climate change debate, rhetoric that has led directly to crimes and murders.

 

WikiLeaks: Julian Assange ‘faces execution or Guantánamo detention’ Julian Assange, the founder of WikiLeaks, could be at “real risk” of the death penalty or detention in Guantánamo Bay if he is extradited to Sweden on accusations of rape and sexual assault, his lawyers claim.

 

US could be in Afghanistan after 2014, says Biden US Vice President Joe Biden said Tuesday that the United States will not withdraw its troops from Afghanistan completely in 2014 if Afghans did not want his country to do so.

 

Judge Sides With GATA, Orders Fed To Present Her With Its Classified Gold Records For Private Review Our friends at GATA report an interesting development in its multi-year confrontation with the Fed, namely that the organization has “scored a small but perhaps auspicious victory over the Federal Reserve in our lawsuit seeking access to the Fed’s secret gold files.

 

Gerald Celente: Internet nuke bomb waiting to go off Gerald Celente, the founder of the Trends Research Institute, believes that the Internet will empower the youth of the world to unite to start a revolution that will overthrow the existing deadlocked elitist establishment. He predicts that in 2011 every citizen is going to realize that the Great Recession the world has been living through is actually a Great Depression, because the American establishment is “running out of schemes.”

 

William Daley’s JP Morgan Stock: Obama’s Next Chief Of Staff Has Millions Invested President Barack Obama’s next chief of staff holds more than $7.6 million worth of stock in JPMorgan Chase, according to a regulatory filing.

 

‘CIA-created Frankenstein’: US turns blind eye on terrorist? A former CIA operative, who’s wanted in Venezuela and Cuba for terrorist attacks throughout Latin America, has gone on trial in the U.S. But that’s not why Luis Posada Carriles is in court. Instead, he’s being charged with lying to immigration officers. RT’s Jihan Hafiz looks at why the U.S. is turning a blind eye to an alleged terrorist.

 

Islamic group is CIA front, ex-Turkish intel chief says Washington Post | A memoir by a top former Turkish intelligence official claims that a worldwide moderate Islamic movement based in Pennsylvania has been providing cover for the CIA since the mid-1990s.

 

 

WikiLeaks: Julian Assange ‘faces execution or Guantánamo detention’ Guardian | Skeleton argument outlined by Australian’s defence team claims he could face rendition to US if extradited to Sweden.

 

Iran claims to have smashed ‘Mossad spy ring’ The Telegraph UK | Iran claims it has broken up a ‘Mossad ring’ allegedly behind the murder of an Iranian nuclear scientist in Tehran last year.

 

U.S. Embassy Turned a Blind Eye as Suspected CIA Banker Allen Stanford Bilked Investors, Secret Cables Reveal IntelDaily.com | Secret Cables Reveals U.S. Embassy Provided Political Cover to Suspected CIA Banker Allen Stanford while he expanded his empire.

 

israeli warplanes in fresh strikes on Gaza killing freedom seeking civilians: witnesses (AFP) yet amazingly, the Christ-killers say as per netanayahu: Palestinians 'walking away' from peace (AFP)

 

Drudgereport: SILENCE: RI Gov. bans state employees from speaking on talkradio...
Dem Congressman: If Violent Rhetoric Didn't Cause This Shooting -- It Will Cause Next One!
BILL CLINTON: 'WE NEED TO BE CAREFUL ABOUT THINGS WE SAY' … [ How about, OR DO! ] ...
OBAMA FLASHBACK: 'If They Bring a Knife to the Fight, We Bring a Gun'...
Dem rep urging 'civility' had called for FL guv candidate to be shot...
NEW PUSH FOR 'FAIRNESS DOCTRINE'...
MSNBC Matthews Cites Radio Stars Mark Levin, Michael Savage As Reason For AZ Shooting...
Dem Senator Fundraises Off Murders...
PISTOL SALES SURGE AFTER AZ SHOOTING

Snow in 49 states including Hawaii…[Sounds like that ‘Global Warming Thing’…Riiiiight!] ...
Bank of China Brings Yuan Trading to USA...
China Stealth Test Upstages Gates, Hu...
France our biggest ally, declares Obama: President's blow to Special Relationship with Britain...
Sarkozy to be subject of 'hugely embarrassing' film...

 

 

 

Merger would create largest U.S. utility (Washington Post) [ Well, sounds like a plan. That trend to ‘bigger the better’ / too big to fail thing. Down only a penny in today’s trading. I’d call that a vote of confidence by fraudulent wall street. Why, you can almost hear the wall street frauds cheering to the tune of that familiar cheer, ‘We must, we must … increase the nation’s potential economic bust … the bigger the better, the lesser the vetter … the better the government boys will like us.!  ]  Duke Energy announces a $13.7 billion merger deal with Raleigh, N.C.-based Progress Energy.

 

 

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.

 

 

Government contractor ATS shifts gears (Washington Post) [  Now granted … this is northern virginia, alphabet soup kitchen territory (part of the Washington d.c. governement mob)… rivaled in corruption only by such other pervasively mob infested states as jersey (multi-ethnic mob), new york (Italian, jewish, irish, wall street), Connecticut (whatever new york and d.c. says, mob), California (multi-ethnic mob, young gangs movin’ up, local government / bureaucracies mob), and of course the corrupt courts in all 5, but there’s somethin’ strange in the neighborhood here. I mean, 1 weak or I mean 1 week tenure and probably want to just give him some money.  "We need to do something to get those shareholders replaced by other shareholders - whether it be one big shareholder or several smaller ones," said Bersoff, ‘who was the company's previous chief executive.’ This is the first statement of its kind I’ve ever encountered in modern day finance, such as it is. Then there’s that ‘government contractor thing’. Could it be that the michael corleones of the cia want to ‘legitimize’ their enterprises which have included illicit drugs, arms, etc.? All we really know is that Sidney … Fuchs. ] CEO Sidney E. Fuchs resigns as the company announces its intention to pursue strategic alternatives, including a possible sale.

 

 

 

China as Europe's white knight?  (Washington Post) [  White knight? I don’t think so. Yellow night and day, I think yes. Not to impugn their motives, but the Book of Ecclesiastes said it well: "What has been is what will be, and what has been done is what will be done; and there is nothing new under the sun"

·  Heartland Diary of Betty B.: Confessions of an Economic Hit Man

Jun 18, 2007 ... John Perkins' career as an economic hit man (EHM) has taken him all over the globe. He details his activities as an EHM in his best-seller ...
heartlanddiaryofbettyb.blogspot.com/.../confessions-of-economic-hit-man.html   - Cached - Similar

·  Confessions of an Economic Hit Man - Cobb

Mar 23, 2007 ... Confessions of an Economic Hitman by John Perkins is an exclamation point riddled history of a few financial manipulations of the Cold War ...
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·  Daily Kos: NPR: Confessions of an Economic Hit Man

Aug 9, 2006 ... rustydude's diary :: :: The reason I bring it up within the ..... I am thrilled to hear all this support for the Economic Hit Man book since ...
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·  Cinema Libre Acquires 'Economic Hit Man' | TheWrap.com

Jul 13, 2010 ... In 2008, Greek writer/director Stelios Koul made a documentary about Perkins entitled “Diary of an Economic Hit Man.” ...
www.thewrap.com/.../cinema-libre-acquires-economic-hit-man-19179 - Cached

 

 

] Traders are speculating that cash-rich China may step in and buy hard-hit European bonds.

 

 

Will: Half-baked explanations for tragedy (Washington Post) [ Half-baked? Charlatans? The foregoing are in no short supply in defacto bankrupt, meaningfully lawless, pervasively corrupt, fraud prevalent america. See, for example, RICO case              http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf        http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm     . Moreover, Mr. Will as an oftimes apologist for war criminal, pervasively fraud-prone, defacto bankrupt, etc., america, with crime rates exceeding by far those of any other so-called civilized nations, might indeed find himself among those he’s so categorized. Among the last separate page sections to my website will be a somewhat detailed pschoanalytic evolutionary profile of the u.s. (one might ask who am I to do so which is fair comment to which I would reply, read it, or not, your choice). However, for the nonce, let me say that the it is no small coincidence that the 20th century has been dubbed ‘the american century’. That the 20th century has been considered the bloodiest is at once the natural concomitant of the foregoing reality. Keeping in mind the so-called ‘selective’ processes in both insurance (adverse) and evolutionary (Darwinian) terms, and as well, the psychology of it all from a behavioral perspective, america has indeed evolved. From the genocide of indigenous populations, to outlandish propaganda in support of same (ie., that ‘manifest destiny’ balderdash with overtones of religiosity spoonfed since elementary school, etc.), to contrived conflict / war, such, euphemistically bad behavior has been reinforced, some of which conditioning not always purposeful, ie., the ever greater frauds perpetrated on wall street for which there have been in large part no real punitive consequences to the perpetrators; but, to the contrary, great financial rewards though substantially detrimental to the majority. Despite the surface appeal, that oft asserted ‘blue-blood’ distinction doesn’t pass muster. Aside from the few seeking seeking religious freedom (ie., Puritans among some others), most then new americans were such disaffected rejects of their former homelands that desperation at best was motivation for travel to the wilds of the ‘so-called new world’ as opposed to intelligent, rational choice; criminals, mentally ill, the not-so-bright but ruthless populating the new nation in disparate numbers toward the ends consistent with greed and common criminality, corruption, and venality. As of the age of the dinosaurs, the american century has passed into the annals of a history replete with self-generating terrorism within and without (that blowback thing).     DRUDGEREPORT: NATION SHOCKED: CONGRESSWOMAN SHOT IN TUCSON
SCARY FREAK!
THE DEVIL MADE HIM DO IT: TUCSON SHOOTER'S TWISTED SKULL SHRINE...
Described by Classmate as 'Left-Wing Pothead'...
Family of suspect blocks FBI access to house...
Shooter Smirks in Court, Smiles for Mug Shot...
Was registered independent; Didn't vote in Nov. '10 election...
'SHERIFF' BLAMES RUSH LIMBAUGH FOR MASSACRE?
CONGRESSWOMAN READIES GUN CONTROL BILL...
Dem planning bill that would outlaw 'threatening' lawmakers...
...'use language or symbols that could be perceived as inciting violence'
OBAMA FLASHBACK: 'If They Bring a Knife to the Fight, We Bring a Gun'...
SAFEWAY MASSACRE...    UPDATE...
SLAIN JUDGE WANTED TO TALK TO REP. ABOUT SURGE IN BORDER CRIME...
WIRE...
Suspect scrawled: 'I planned ahead'...
Obsessed With Mind Control...
Described by Classmate as 'Left-Wing Pothead'...
Trade war looming, warns Brazil...
Tensions rise in currency wars...
Pressure on Portugal heightens...
GLOBAL ORDER: Sarkozy takes case to Obama as food prices soar...
Greece borrowing rates hit new record...
Pentagon concerned over China's rapid development of new weapons...
Economists foretell of U.S. decline, China's ascension...
SAFEWAY MASSACRE...
VIDEO...
6 Dead, 12 injured...
Dem Rep. Gabrielle Giffords shot through brain; critical after surgery, doctors 'optimistic'...
Federal Judge Killed...
WIRE...
CAPITOL POLICE URGES CONGRESS TO TAKE PRECAUTIONS...
BOEHNER: 'An attack on one who serves is an attack on all who serve'...
OBAMA: 'UNSPEAKABLE TRAGEDY'...
Gunman ID'ed as Jared Loughner, 22... YOUTUBE...PHOTOS...
Obsessed With Mind Control...
MYSPACE GENERATION: Suspect Says Goodbye Online: 'Please don't be mad at me -- I cannot rest'...
14 decapitated bodies found in Mexico resort city...
NUMBER OF COMBAT INJURIES IN AFGHANISTAN APPROACHES IRAQ-WAR LEVELS...
WIKILEAKS: US demanding our TWITTER account info...
WIKILEAKS demands GOOGLE and FACEBOOK unseal US subpoenas...
New data collected from sensors left on moon in 1971 [ Riiiiight! … and if you’ve seen the beginning of 2001:Space Odyssey (the monolith), you’ve already seen it!  ] ...
Euro Crisis Roars to Forefront...
Portugal's debt worries worsen...
UN warns Greece on anti-migrant fence...
NJ police: Man seeking 'portal to hell' stabbed 2...

 

Unprincipled Liberals Exploit an Insane Loughner to Condemn Political Opposition Kurt Nimmo | So called progressives are not opposed to the state’s monopoly on power and violence, so long as they are part of the state or its propaganda apparatus.

 

Washington Post Concedes: Gunman Acted On Mental Illness, Not Political Rhetoric Tucson shooter Jared Lee Loughner was not affiliated with any political party and failed to vote in the 2010 election, further bolstering the fact that his rampage was borne out of a deranged mental illness and had nothing to do with him reacting to vitriolic rhetoric put out by anti-government activists, as the establishment media and their liberal attack dog blogs have ceaselessly claimed in an effort to eviscerate the First Amendment.

 

Eyewitness “Shooter Was Ready For War!” He Had More Magazines & Attempted To Load One Joe Zamudio was one of the eyewitnesses that helped pin down the gunman. He reports that Loughner had several more magazines and was trying to reload. Another fact that the establishment media are loathe to report is that Zamudio was a responsible gun owner who was carrying his firearm and was prepared to use it to stop the carnage if necessary.

 

Leftists Attack Parents Of Murdered 9-Year-Old How low will some people stoop to play at partisan politics by exploiting the weekend’s tragic events? We’ve already seen the bar set pretty damn low by elements of the media and some public officials, yet its hard to imagine how much further anyone can go than to verbally attack the parents of the slain 9 year old Christina Taylor Green.

 

Vultures May Exploit Tragedy To Push “Subversives” Legislation Every single day, crazed lunatics claim the lives of innocent people; sometimes it’s a premeditated crime, sometimes it’s a crime of passion, sometimes it’s a complete accident, sometimes it’s an act of terror, and sometimes people are just in the wrong place at the wrong time when a 500 pound bomb is dropped over Afghanistan.

 

Another Tragedy Vulture Exploits Victims To Push Political Agenda To Kill Free Speech U.S. Rep. Jim Clyburn, the third-ranking Democrat in Congress, said Sunday the deadly shooting in Arizona should get the country thinking about what’s acceptable to say publicly and when people should keep their mouths shut.

 

Threatening To “Kick The Bums Out” Could Be Outlawed Under New Legislation Rep. Robert Brady (D-Pa.) reportedly plans to introduce legislation that would make it a federal crime to use language or symbols that could be perceived as threatening or inciting violence against a federal official or member of Congress.

 

Leftists Attack Parents Of Murdered 9-Year-Old Steve Watson | The dignity and class of the parents of Christina Taylor Green does not fit neatly into the partisan political script.

 

Washington Post Concedes: Gunman Acted On Mental Illness, Not Political Rhetoric Paul Joseph Watson | Loughner was not affiliated with Tea Party or conservatives.

 

Bombshell: Arizona Killer “Very Liberal” Kurt Nimmo | Democrats and liberal talking heads have taken Rahm Emanuel’s maxim to heart – never let good crisis go to waste – and are

Liberal Smear Machine Backfires After Gunman Found To Be Occultist, Pot-Smoking Left Winger Alex Jones & Paul Joseph Watson | Effort to conflate killer with anti-big government conservatives falls apart.

 

Establishment Media Demonizes Tea Party and Constitutionalists After Giffords Shooting Kurt Nimmo | Propaganda campaign begins with faux Tea Party queen Palin, will spread to the real movement in days ahead.

 

Arizona Assassin Obsessed With Mind Control Paul Joseph Watson | Loughner was a US military recruit who was obsessed with mind control, mirroring the circumstances of many other mass shooters in history.

 

Political Hacks Waste No Time In Shamelessly Exploiting Giffords Shooting To Demonize Political Oppositon Paul Joseph Watson | Before it’s even been confirmed that Giffords is dead, neo-lib statists are already shamelessly milking the shocking events for political gain.

 

Who’s Behind the Congresswoman’s shooting in Arizona? Infowars | Will the tragic shooting stoke anti-gun legislation, fuel the flames of War on Terror or signal random violence amid a chaotic political climate?

 

 

 

Arizona Assassin Obsessed With Mind Control Jared Loughner, the gunman who shot Congresswoman Gabrielle Giffords and numerous other victims including a Federal Judge and a nine-year-old girl during a political event in Tuscon today, was a US military recruit who was obsessed with mind control, mirroring the circumstances of many other mass shooters in history.

 

Political Hacks Waste No Time In Shamelessly Exploiting Giffords Shooting To Demonize Political Oppositon Political hacks have wasted little time in exploiting the tragic shooting of Democratic Congresswoman Gabrielle Giffords to demonize their political opposition despite the gunman’s motivation being completely unknown at this time.

 

Who’s Behind the Congresswoman’s Shooting in Arizona? With so many other psuedo-events in the War on Terror lately, including package bombs, FBI stings and set-ups and the like, it is entirely possible this was a false-flag event designed to clampdown on gun ownership or simply stoke the fear of radical Muslim or homegrown terrorists.

 

 

The New York Times Is One to Talk About Rhetoric and Violence Kurt Nimmo | The New York Times and Judith Miller sold mass murder to America.

 

SPLC blames Ayn Rand, David Icke and Others for Arizona Shooting Aaron Dykes | Who is to blame for Jared Loughner’s bizarre shooting yesterday? According to Mark Potok, anyone with even the vaguest links to his bizarre and disjointed online ramblings. ]

 

14 Eye Opening Statistics Which Reveal Just How Dramatically The U.S. Economy Has Collapsed Since 2007 Most Americans have become so accustomed to the “new normal” of continual economic decline that they don’t even remember how good things were just a few short years ago. ‘The Economic Collapse Jan 10, 2011

’Most Americans have become so accustomed to the “new normal” of continual economic decline that they don’t even remember how good things were just a few short years ago.  Back in 2007, unemployment was very low, good jobs were much easier to get, far fewer Americans were living in poverty or enrolled in welfare programs and government finances were in much better shape.  Of course most of this prosperity was fueled by massive amounts of debt, but at least times were better.  Unfortunately, things have really deteriorated over the last several years.  Since 2007, unemployment has skyrocketed, foreclosures have set new all-time records, personal bankruptcies have soared and U.S. government debt has gotten completely and totally out of control.  Poll after poll has shown that Americans are now far less optimistic about the future than they were in 2007.  It is almost as if the past few years have literally sucked the hope out of millions upon millions of Americans.

Sadly, our economic situation is continually getting worse.  Every month the United States loses more factories.  Every month the United States loses more jobs.  Every month the collective wealth of U.S. citizens continues to decline.  Every month the federal government goes into even more debt.  Every month state and local governments go into even more debt.

Unfortunately, things are going to get even worse in the years ahead.  Right now we look back on 2005, 2006 and 2007 as “good times”, but in a few years we will look back on 2010 and 2011 as “good times”.

We are in the midst of a long-term economic decline, and the very bad economic choices that we have been making as a nation for decades are now starting to really catch up with us.

So as horrible as you may think that things are now, just keep in mind that things are going to continue to deteriorate in the years ahead.

But for the moment, let us remember how far we have fallen over the past few years.  The following are 14 eye opening statistics which reveal just how dramatically the U.S. economy has collapsed since 2007….

#1 In November 2007, the official U.S. unemployment rate was just 4.7 percent.  Today, the official U.S. unemployment rate is 9.4 percent.

#2 In November 2007, 18.8% of unemployed Americans had been out of work for 27 weeks or longer.  Today that percentage is up to 41.9%.

#3 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.

#4 Nearly 10 million Americans now receive unemployment insurance, whichis almost four times as many as were receiving it back in 2007.

#5 More than half of the U.S. labor force (55 percent) has “suffered a spell of unemployment, a cut in pay, a reduction in hours or have become involuntary part-time workers” since the “recession” began in December 2007.

#6 According to one analysis, the United States has lost a total of approximately 10.5 million jobs since 2007.

#7 As 2007 began, only 26 million Americans were on food stamps.  Today, an all-time record of 43.2 million Americans are enrolled in the food stamp program.

#8 In 2007, the U.S. government held a total of $725 billion in mortgage debt.  As of the middle of 2010, the U.S. government held a total of $5.148 trillion in mortgage debt.

#9 In the year prior to the “official” beginning of the most recent recession in 2007, the IRS filed just 684,000 tax liens against U.S. taxpayers.  During 2010, the IRS filed over a million tax liens against U.S. taxpayers.

#10 From the year 2000 through the year 2007, there were 27 bank failures in the United States.  From 2008 through 2010, there were 314 bank failures in the United States.

#11 According to the U.S. Department of Housing and Urban Development, the number of U.S. families with children living in homeless sheltersincreased from 131,000 to 170,000 between 2007 and 2009.

#12 In 2007, one poll found that 43 percent of Americans were living “paycheck to paycheck”.  Sadly, according to a survey released very close to the end of 2010, approximately 55 percent of all Americans are now living paycheck to paycheck.

#13 In 2007, the “official” federal budget deficit was just 161 billion dollars.  In 2010, the “official” federal budget deficit was approximately 1.3 trillion dollars.

#14 As 2007 began, the U.S. national debt was just under 8.7 trillion dollars.  Today, the U.S. national debt has just surpassed 14 trillion dollars and it continues to soar into the stratosphere.

So is there any hope that we can turn all of this around?

Unfortunately, the massive amount of debt that we have piled up as a society over the last several decades has made that impossible.

If you add up all forms of debt (government debt, business debt, individual debt), it comes to approximately 360 percent of GDP.  It is the biggest debt bubble in the history of the world.

If the federal government and our state governments stop borrowing and spending so much money, our economy would collapse.  But if they keep borrowing and spending so much money they will continually make the eventual economic collapse even worse.

We are in the terminal stages of the most horrific debt spiral the world has ever seen, and when the debt spiral gets stopped the house of cards is going to finally come down for good.

So enjoy these times while you still have them.  Yes, today is not nearly as prosperous as 2007 was, but today is most definitely a whole lot better than 2015 or 2020 is going to be.

Sadly, we could have avoided this financial disaster completely if only we had listened more carefully to those that founded this nation.  Once upon a time, Thomas Jefferson said the following….

I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its Constitution; I mean an additional article, taking from the federal government the power of borrowing.’

 

 

Options Data Suggests Topping Action - Maierhofer ‘What the market's rally lacks in charisma, it has made up in persistence. The stair-step, creeping type of an up grind is lulling investors to sleep as we speak. Steady and seemingly risk-free gains have rekindled optimism and created a state of euphoria not seen in years ... since late 2007 to be exact.The irony of this article is that few investors will feel compelled to read anything that resembles a warning or contains a bearish message. The few that read this piece will probably scoff at it. That's how bear market rallies work and that's why they are effective.The soothing rhythm of the VIX (NYSEArca: VXX - News) has lulled investors into a state of complacency. If you had to describe investor's alertness in sleep lingo, a state of REM sleep would probably be the closest comparison.History tells us that the (bear) market only strikes when least expected.Based on analyst polls by Bloomberg, Barron's, USA Today and a variety of sentiment measures, a stock market (NYSEArca: VTI - News) decline is as remote today as it was in 2000 or 2007.

Hedging Activity Drops

Investors and traders are content to hold on to massive long positions without hedge. One of the easiest ways to hedge your stock portfolio is via put options. Last week the CBOE Equity Put/Call Ratio dropped to 0.4, the lowest reading since April 15, 2010.The lack of hedging is dangerous for prices because the market is without a safety net. The only option for spooked investors without hedge is to sell. Selling causes prices to drop.On April 16, 2010, the ETF Profit Strategy Newsletter warned of the consequences of a low put/call ratio: 'Selling results in more selling. This negative feedback loop usually results in rapidly falling prices. The pieces are in place for a major decline. We are simply waiting for the proverbial first domino to fall over and set off a chain reaction.'The first domino dropped just a few days later, setting off the May 6 'Flash Crash' and ultimately resulted in a swift 15% correction for the Dow (DJI: ^DJI), 17% correction for the S&P (SNP: ^GSPC), 19% for the Nasdaq (Nasdaq: ^IXIC), and 21% for the Russell 2000 (NYSEArca: IWM - News).A different measure of complacency is the premium traders willingness to pay for call options (bullish bets). Based on a three-month average, the price for put options (bearish bets) is near a 10-year low. The only other time that rivals current readings was in 2007.

This Time is Different

The spirit of 'this time is different' is one of the most fascinating phenomenons known to Wall Street. Investors' sentiment follows the ebb and flow of stock prices. When prices are up, the future is expected to be bright. When prices are down, the future is supposedly bleak (just think of the 2007 peak and 2009 bottom).This approach of linear extrapolations feeds the herding mentality, which contrarians use as effective indicators. This approach is not foolproof but, nevertheless, is one of the most accurate, if not the most accurate timing tool known to underground Wall Street aficionadosThe chart below (taken from the January 2011 ETF Profit Strategy Newsletter) illustrates the four most prominent occurrences of extreme optimism, or the 'this time is different' effect. The green line connects the price of the S&P with the timeline and various sentiment gauges. [chart] Investors thought 'this time is different' at the 2007 peak, in May 2008, in January 2010, and again in April 2010. The only thing different at all four times was the velocity of the descent, but each period of euphoria was greeted by despair.

Optimism and Bad News

If you had a chance to watch CNBC's 60 Minutes over the past two weeks, you are aware of some possible 'Black Swan' events.Scott Pelley's introduction to Ben Bernanke's interview couldn't have been more sobering: 'That is the worst recovery we've ever seen. Ben Bernanke is concerned. Chairmen of the Fed rarely do interviews, but this week Bernanke feels he has to speak out because he believes his critics may not understand how much trouble the economy is in.'The financial media, however, ignored Ben Bernanke's sobering assessment of the economy and focused on the silver lining: A bad economy may lead to QE3 and its cousins QE4 and QE5. What's better, an improving economy or more QE? Apparently QE is just as good as more jobs.Another 60 Minutes focused on the next big thing; Municipal and state defaults. In the two years since the 'Great Recession,' states have collectively spent nearly half a trillion dollars more than they collected. There's a trillion dollar hole in their public pension fund and according to New Jersey's Governor, the day of reckoning is near.Meredith Whitney, one of the few analysts who foresaw the bubble building in banks (NYSEArca: KBE - News) and financials (NYSEArca: XLF - News) believes at least part of the three trillion municipal bond market will unravel within the next year.For much of 2010 municipal bonds were brewing their own little bubble. As it is common with bubbles, they are rarely foreseen by the public eye. In the case of muni bonds, yield hungry investors ignored the red flags.On August 26, the ETF Profit Strategy Newsletter warned that it is time to get out of muni bonds, corporate bonds and Treasuries. Muni-bonds topped on August 26 and have since given up more than two years worth of gains.

History Rhymes

Yes, history doesn't repeat itself but it often rhymes. In 2007, Merrill Lynch's Global Economics Report foresaw a bright future: 'The Merrill Lynch global economics team believes that the economy will continue to grow in 2007 - with no sign of a significant cyclical slowdown.'According to J.P. Morgan, Barclays Capital and Goldman Sachs (Merrill Lynch failed to foresee its own demise in 2007 and is no more), the S&P will gain between 15 - 20% in 2011 and the 'economy will continue to grow in 2011.'Perhaps this time will be different, but based on history, now is the time to at least be cautious and protect your investments. An ounce of protection is worth more than a pound of cure. Based on long-term valuation metrics the stock market is priced to deliver pain, not gain (see November 2011 ETF Profit Strategy Newsletter for a detailed analysis).Based on sentiment, the market is overheated and due for a correction at the very least, and how often have we seen a correction turn into something more? Timing a top is tricky, but based on support and resistance levels and seasonal patterns it is possible to narrow down when the market is ready to roll over.The ETF Profit Strategy Newsletter includes the next resistance likely to mark the end of this rally and important structural support. A close below this important support level will probably break the bulls' spirit and the market's streak.’

 

 

Can the Unshortable Market Be Shorted? [ I do not consider short-selling an investment strategy, but rather a speculation that is only for the extremely few, lucky  and hence successful speculators who are also capable and prepared to lose more than their investment principal.] TraderMark ‘I have called this the unshortable market for many months as it acts very strangely. Again it is not so much the move up that is strange as the total inability for even short-term pitstops in the months of September, October, December and thus far January. November was an outlier event due to Ireland ...save for those headline events, I am sure November would have acted similar to the other months. Frankly, as a contrarian, when you hear people talking about unshortable markets you want to fade that...but doing so the past many months would have ripped your face off. So do we just give up until Jul 1 and QE2 ends? I doubt it will be that convenient. During QE1, there were at least a few pullbacks...summer 09 comes to mind. Further, almost every strategist now thinks SP 1400 to 1425 is in the bag for year end 2011. The problem is, we are about 10% away from that target just days into the year. Considering there are 11 more first days of the month this year (which are now almost always up) and 51 more Mondays (which lead to morning gap ups about 80% of the time nowadays) that does not leave much leeway for Monday afternoons through Friday for price appreciation. Unless we are headed to a repeat of fed-induced bubble mania circa 1999…’



New Ponzi Scheme: Blame Bernie [ Which one? Which ‘weak end at bernie’s’? Bernie bernanke or madoff? As usual, where’s the DOJ? ‘The SEC seeks an injunction, DISGORGEMENT and civil penalties’. Now note that that disgorgement thing has yet to be applied to the gargantuan frauds on wall street. Indeed, now flush with cash from legislative (mark to anything change in FASB rules) and fed (new bubble) help, the frauds on wall street are cashing out bonuses exceeding $144 billion. For those who think there’s no economic damage attendant to such frauds as those perpetrated by the frauds on wall street which the computer-programmed high-frequencey churn-and-earn continuing as we speak, take further note of this disaster called the defacto bankrupt u.s. economy that the slicker, though less blatant than the fraud that follows which pales in comparison to that bailed out by the u.s. taxpayers at great long-term cost to the nation. ] Singer ‘Frankly, it’s becoming a bit of a broken record. According to a Securities and Exchange Commission (SEC) Complaint filed on January 6, 2010, a number of Defendants perpetrated a Ponzi scheme – yet another such allegation against another group of alleged fraudsters.  Securities and Exchange Commission, Plaintiff, vs. Raymond P. Morris, E & R Holdings, LLC, Wise Financial Holdings, LLC, Momentum Leasing, LLC, James L. Haley, Cornerstone Capital Fund, LLC, Vantage Point Capital, LLC, Jay J. Linford Freedom Group, LLC, and Luc D. Nguyen, Defendants (11CV00021, Utah District Court, January 6, 20100) NOTE: The SEC Complaint contains only allegations. The Defendants are presumed innocent of the charges and it will be the government’s burden to prove the Defendants’ guilt at trial. 

Get Yer Scorecards!

In the Beginning

The Complaint alleges that Morris first approached Haley (who was in a real estate investment group with Morris), about an exclusive investment that was allegdly started by the owner of the Houston Astros and had generated 20% returns per month for nearly eight years.

Wow, that’s too good to pass up, if you ask me – I mean, geez, the Houston Astros owner started it. And, even more compelling, 20% returns for eight years. Hey, no reason to really check any of that out, right?  I mean the Houston Astros are in baseball, and baseball is as American as apple pie, and any deal offering 20% returns that’s so all-American has to be the real thing.  Batter up!Morris allegedly told Haley that this hot investment opportunity is based on a capital leasing concept (the “Fund”).  Once money is invested in the Fund, Morris purportedly represented that the money would be deposited into an account under Morris’s sole control and would never leave the account.Odd how the investors’ cash never quite seems to get directly deposited into these troubled investments but always seems to wind up offshore, in a conduit, or in some account under someone else’s control.  Sort of like when you open a brokerage account and decide to buy 1,000 shares of stock and your stockbroker insists that you write the check for the purchase price made payable to him — why?  Oh, well, if you really have to ask, it’s not for you, he says.  If you must know, he reluctantly confides in you, it’s so that the brokerage firm can first verify that you have the dollars to buy the stock. I’m doing you a favor, he says, by allowing you to first give me the money. That way you don’t have to worry about getting cleared to buy the stock. You can trust me, I’m your stockbroker.

It all sounds a bit more fishy when I put it like that, doesn’t it?

And what supposedly was the point of depositing the investors’ funds into the Morris-controlled account? 

The Complaint alleges that Morris explained to Haley that once investor capital was verified, private traders would obtain large lines of credit and then would invest the proceeds in bonds, hard money lending and small businesses. Morris advised Haley that the return from these investments would be sufficient to guarantee investors a return of 20% per month or more.

Did you get that?

Private traders are out there waiting for those ever-so-urgent phone calls that assure them that cash has been legitimately invested in some account, and once that assurance is given to the private traders, well, you know, they obtain humongous lines of credit. What do the traders do with all that credit? Well, they invest in “bonds, hard money lending and small businesses.” Again, you’d think that investors would do some hardcore homework and confirm all of those representations.  However, we would not have these stories and lawsuits if folks went through the trouble of keeping other folks honest – would we?Still – for some reason there are a lot of folks out there – I’ll call them pigeons, if you don’t mind – who seem to have a fire in their wallets and can’t wait to send dollars into yet another Fund that guarantees 20% once some supposed group of private traders obtains verification of deposit and then goes out and leverages the sums on deposit into impressive sounding investments. Apparently, Haley was hot to trot.  You understand why, don’t you? The Houston Astros connection. The 20%. The verified funds in someone else’s account. Tough to ask questions or demand proof about something so enticing. (Yes, that’s sarcasm — dripping and heavy).

Ashes to Ashes

Only one problem.Morris  told Haley they could not join the Fund unless an existing investor died.My, isn’t that too bad?  Clearly this deal is for real because folks are literally dying for other investors to get in. I mean, you know, seriously, no one would possibly make up such a precondition. Course not. You’d have to kill some investor off just to make way for another investor. That’s just nuts.

Eureka!Haley was really, really, really lucky because  Morris called Haley with the wonderful news (albeit, quite sad) that one of the few investors in the Fund just dropped dead less than a week after Morris told Haley about this amazing investment opportunity.  The Complaint asserts that Morris indicated that if Haley could raise $500,000 in three to five days, they could invest in the Fund.

Happy days!

Getting the Bucks

The Complaint alleges that without conducting any due diligence into Morris or the Fund, Haley began soliciting investments from friends and neighbors and raised $500,000, which he gave to Morris.What did Haley tell his acquaintances? Oh, the Complaint says that he simply repeated Morris’s  representations about the whole set-up and further assured the investors that their funds would only be used for “verification of deposit” purposes. I like the sound of that, don’t you?  Verifcation of deposit purposes.  Me?  I’ve only been on Wall Street for about thirty years and although I’m not sure what the hell “verification of deposit purposes” means, I must admit that it sounds pretty impressive. Of course, silly me, I would never write out a check to anyone for something like “verification of deposit purposes” without reviewing all the source documents and confirming the bona fides of the supposed traders and the trades but, then again, I’m just another stupid lawyer.The Complaint alleges that from about August 2007 through June 2008, Haley, through his entities Cornerstone Capital andVantage Point, raised at least $20 million for Morris’s Fund.Oh, and there’s this tidbit:  Morris and Haley had entered into an oral agreement that provided a payment of  20% per month on funds Haley raised.  Another thing, Haley could determine what portion of his fee he gave back to his investors. Lemme see, 20% of $20 million is like, what?, about $4 million?  Not bad for simply getting friends and acquaintances into some verification of deposit purposes thingamajig.  I wonder how much of that Haley gave back to the investors?

Enter the Lawyer

Sometime prior to June 2007, Morris and Haley hired Nguyen, a Utah attorney, to assist them with legal matters relating to soliciting investments. Nguyen set up Morris’s and Haley’s investment entities, drafted offering documents, and filed Forms D with the Commission for Morris controlled entities, E & R Holdings, Wise Financial and Momentum, and for Haley controlled entities, Cornerstone Capital and Vantage Point. After setting up the investment entities, the Complaint alleges that Nguyen stepped outside his role as counsel and began soliciting investments. Despite having conducted no due diligence on Morris or the Fund, Nguyen allegedly repeated Morris’s misrepresentations about the Fund to investors.Nguyen is also charged with knowingly making additional false representations to investors, including that he had reviewed the Fund’s documents and had personally spoken with the banks and private traders involved. Nguyen touted the Fund as “one of the best he had ever seen” and told investors he “understood the Fund better than Morris or Haley.”    Allegedly, Nguyen told investors that he was an “SEC attorney,” and that the Fund was “one of the best he had ever seen,” and  that he had done extensive due diligence into Morris’s Fund and knew the program better than Morris or Haley.  Nguyen purportedly told investors he had personally met with the attorneys representing the supposed trading companies involved in the Fund and that he had received copies of all operating agreements between the leasing companies and the trading companies. In fact, Nguyen performed no due diligence on Morris or the Fund, never met with anyone affiliatedNguyen also falsely told investors that he personally had significant assets invested in the Fund. In fact, Nguyen made no capital contributions to the Fund. Oh, and let’s not forget that Nguyen was allegedly paid at least $330,000 from Morris for raising investment funds and was paid at least an additional $58,000 in legal fees.

One More Player

Sometime during the Spring of 2007, Morris met Linford at an investment seminar , and thereafter, Linford is charged with raising about $1 million for the Fund by misrepresenting that the Fund paid returns as high as 100% in seven days with no risk to investor principal.

It’s All Madoff’s Fault

In April 2008, Morris stopped making regular interest payments to investors.  Morris gave many explanations to investors, including that Homeland Security had frozen the accounts, that the Madoff case had caused banks to hold funds and that typographical errors in wire request forms had caused delays.Oh, I see, it’s the old Homeland Security-Madoff-Typo-Dog-Ate-My-Homework explanation. Don’t they have a form for that?As investors complained and threatened to go to the SEC and other government agencies, Morris began disseminating phony bank statements falsely showing that he had over $200 million deposited with Wachovia Bank. In late October 2008, Morris gave Nguyen a purported “Bank Confirmation Letter” from Wachovia. This fraudulent letter states that Wachovia “currently holds funds in the amount of…$201,782,567.89…[and] Mr. Raymond Paul Morris is the signatory on this account.”  The letter also says “the funds are good, clean and of non-criminal origin, are unencumbered and freely disposable.”In addition to the letter, Morris gave Nguyen a phony “Verification of Depository,” also purporting to be from Wachovia Bank, showing that $201,827,067.89 was in Morris’s account.

Okay, so, let’s at least give these guys credit. It’s not like they came up with a simple round number, such as $201,000,000.00.  No, this is more convincing with every place filled with a seemingly plausible number. Can you find the whole numbers from 0 to 9 that are missing? Can you find Waldo?After Nguyen received the bogus “Bank Confirmation Letter” and “Verification of Depository,” the Complaint alleges that he agreed to draft a letter to Morris’s investors, assuring them their funds were safe. Unfortunately, Nguyen allegedly did not conduct reasonable due diligence prior to sending this October 30,2008 letter. The letter caused investors to delay their attempts to contact government authorities regarding Morris, Haley, Linford and Nguyen and their investment activities.

Carnage

By the time the Ponzi scheme unraveled, Morris, Haley, Linford and Nguyen, and their respective entities, had allegedly defrauded at least 90 investors out of at least $60 million by offering and selling unregistered and non-exempt promissory notes based on material misrepresentations and omissions.Many of the investors who lost money in the Fund were inexperienced, unsophisticated and had minimal net worth and annual income. Many investors lost their entire savings.  Some investors went so far as to borrow the money they invested and are now indebted beyond their ability to repay their lenders.In truth, the Complaint alleges that Morris did not work with private traders to obtain lines of credit that were invested.  As has become the norm with these Ponzi schemes,  Morris is accused of using investor funds to make bogus interest payments to earlier investors from capital raised from later investors.  Moreover, rather than investing the funds in debt and equity vehicles, real estate, commodities and leasing it to private traders, Morris used investor money to support a lavish lifestyle, including a luxurious home and several sports cars, and to make illusory interest payments to early investors in his scheme.Out of the approximate $20 million Haley raised, the Complaint alleges that he used at least $700,000 for personal expenses, including payments on a new home and $25,000 per month rental payments while building this new home.The Complaint charges Morris, Haley, Lindford, Nguyen, E&R Holdings, Wise Financial, Momentum, Cornerstone, Vantage Point and Freedom Group with violations of Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 10b-5 thereunder. The complaint also charges Morris, Haley and Nguyen with violates of Section 15(a) of the Exchange Act. The SEC seeks an injunction, disgorgement and civil penalties.’

 

 

Sentiment Signaling a Call for Caution - Prieur du Plessis ‘The results of the AAII Investor Sentiment Survey are shown in the graphs below. The Survey measures the percentage of individual investors who are bullish, bearish or neutral on stock market for the next six months. As the masses are usually on the wrong side of market movements, particularly at tops and bottoms, sentiment indicators fulfil a useful function as contrarian indicators. The bullish sentiment (55.9%) and bearish sentiment (18.3%) readings are at fairly extreme levels, as also seen from the bull-bear spread being quite a bit higher than the market peak of October 2007. Sentiment indicators are fairly blunt instruments from a timing point of view and can stay at high / low levels for extended periods. However, when companies are overvalued and technical indicators overbought, overbullish sentiment indicators complete a threesome of tools arguing quite strongly for a cautious approach to stock market investment.

Click to enlarge:

[chart]

[chart]

[chart]

[chart]

Source: AAII Investor Sentiment Survey; Plexus Asset Management.’

 

 

Food Stamp Usage Hits New High Of 43.2 Million Ever wonder where all the money for equity inflows came from? Here’s the answer: with all the money saved from participating in the Supplemental Nutrition Assistance Program, better known as foodstamps.

 

 

 

China Buys Up EU Government Debt China has been increasing its holdings of European government debt, including that issued by Spain, amid the euro-zone crisis, Chinese Vice Commerce Minister Gao Hucheng was quoted as saying.

 

 

Ron Paul Wants You! (To Take On The Fed) Zero Hedge | For all those with a penchant for crunching manipulated numbers and wish to make a change by taking on the Fed, this may be your chance.

 

New York owes $200 billion in retiree health care costs – but there’s no money David Gutierrez | New York State, along with its cities and counties, have promised $200 billion worth of retirement health care benefits to their employees, and no one knows where that money is going to come from.

 

Ron Paul: Congress Criminally Devaluing Americans’ Savings It is nothing short of cruel and criminal for Congress to stand idly by while the life savings of Americans are inflated away to nothing. It is high time Congress insist on getting complete information on what the Fed has been doing, and for whom.

 

The Silver Bears Are Back For Round Three, Explaining Two Key Recent Developments In The World Of Silver Confused by the recent downdraft in the price of (paper) silver… Even more confused by what is happening with the record open interest in the metal? Have no fear. The bears are here, and explain things in their traditionally simple and sound effect-filled way.

 

For Millions Of Senior Citizens The Only Future They Have To Look Forward To Is One Filled With Debt And Poverty In America today, millions upon millions of senior citizens are very deep in debt. In fact, more elderly Americans than ever before are going bankrupt.

 

 

Labor Force Participation Rate Drops To Fresh 25 Year Low, Adjusted Unemployment Rate At 11.7% Zero Hedge | While today’s unemployment number came at a low 9.4%, well below expectations, the one and only reason for this is that the labor force in America has plunged to a fresh 25 year low.

 

Why your local Hospital could soon shut down

Economic crisis archive

 

Presto! 9.4% Unemployment! How The Government Lies. Hooray…Happy days are here again! That is exactly what the elite would have us believe with the 9.4% unemployment number in this huge CONfidence game otherwise known as the USEconomy.

 

Fed Turns Over Record $78.4 Billion Profit to Treasury [ Totally manipulated paper with costs far exceeding those paper entries, and even greater costs prospectively even beyond the decline of the ever more worthless paper currency. ] Reuters | The Federal Reserve reported Monday its earnings jumped by more than 50 percent in 2010

 

Judge orders Fed to deliver gold records for her review GATA | GATA’s motion to order the Fed to produce in complete form for the judge’s private review 20 gold-related documents the Fed has sought to keep secret.

 

Deepening crisis traps America’s have-nots The Telegraph UK | The US is drifting from a financial crisis to a deeper and more insidious social crisis. Self-congratulation by the US authorities that they have this time avoided a repeat of the 1930s is premature.

National / World

 

 

 

Early Cancer Screening Could Cause Millions of Deaths Liberty Doctor | Early detection of cancer at the cellular level will have us aggressively looking for the location of early cancers via full body scanning.

 

DHS Links Loughner to White Supremacists Kurt Nimmo | Fox News reports that according to Homeland Security Loughner may be connected to American Renaissance.

 

Second Man Sought In Giffords Shooting May Be Assassin’s Handler Kurt Nimmo | The official story that will become gospel for the corporate media is in the process of formulation.

 

Jared Loughner Described by Classmate as “Left-Wing Pothead” Pheonix New Times | ​A classmate of the man accused of shooting Congresswoman Gabrielle Giffords this morning describes him as “left wing” and a “pot head” in a series of posts on Twitter this afternoon.

 

“Toning Down The Rhetoric” Means Obeying Big Government Despite the fact that Jared Lee Loughner was a psychotic loner with “left-wing” beliefs according to those who knew him, the establishment has hastily exploited yesterday’s tragic shooting in Tucson to demonize conservatives, libertarians and gun owners while ordering Americans to “tone down the rhetoric,” which is nothing more than a euphemism for stifling dissent and coercing people to roll over on Obamacare, bailouts and whatever big government is preparing to unleash next.

 

Establishment Media Demonizes Tea Party and Constitutionalists After Giffords Shooting Get ready for the shooting of Rep. Gabrielle Giffords to be used in a serious way against the Tea Party movement. MSNBC, CNN and the rest of the Mockingbird media are now attempting to portray millions of Americans as violence prone anti-government radicals.

 

Second Man Sought In Giffords Shooting May Be Assassin’s Handler The FBI and local law enforcement in Pima County, Arizona, are looking for a second man wanted in connection with the shooting of Rep. Giffords and the murder of a federal judge and five others.

 

UPDATED: Arizona Assassin Obsessed With Mind Control Jared Loughner, the gunman who shot Congresswoman Gabrielle Giffords and numerous other victims including a Federal Judge and a nine-year-old girl during a political event in Tuscon today, was a US military recruit who was obsessed with mind control, mirroring the circumstances of many other mass shooters in history.

 

Celente: Global Youth Rebellion Simmering RT | 2011 will see uprising against the white shoe boys around the world.

 

 

Internet Identity System Said Readied by Obama Administration The Obama administration plans to announce today plans for an Internet identity system that will limit fraud and streamline online transactions, leading to a surge in Web commerce, officials said.

 

US wants Twitter details of Wikileaks activists The US government has subpoenaed the social networking site Twitter for personal details of people connected to Wikileaks, court documents show.

 

Climate Scientists Deepening Skepticism of Democracy Does a liberal democracy have sufficient resolve to stomach the economic and political sacrifices required to stabilize global warming?

 

 

Justice Department Subpoenas Birgitta Jónsdóttir’s Twitter Account in WikiLeaks Case Peter Kemp | Inherent in that subpoena is a belief by the DOJ that some sort of incriminating evidence exists to use against Julian Assange.


Royal Family granted new right of secrecy London Independent | The Royal Family is to be granted absolute protection from public scrutiny in a controversial legal reform.

 

UK Library: Cryptome Blocked for “Criminal Activity” Cryptome | Official secrecy is the very greatest threat to democracy.

 

 

 

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Illinois faces steep tax increases to meet fiscal crisis (Washington Post) [ This is only the beginning of this continued ultimately hyperinflationary depression with much worse to come. How the recession imploded states' finances (Washington Post) [  This is truly no joke!  Municipal Debt Threatens U.S. Economy Lim ‘The debt crisis that has taken down banks, and even countries, threatens more than 100 American municipalities this year. According to Meredith Whitney, who works as a US research analyst, local and state debts are the biggest concerns to the US economy today. It is large enough to derail economic recovery.

She said that,

There’s not a doubt on my mind that you will see a spate of municipal bond defaults. You can see fifty to a hundred sizable defaults – more. This will amount to hundreds of billions of dollars’ worth of defaults.

American states and cities have a total debt load of around $2 trillion.

New Jersey government Chris Christie summarized it clearly,

We spent too much on everything. We spent money we didn’t have. We borrowed money just crazily. The credit card’s maxed out, and it’s over. We now have to get to the business of climbing out of the hole. We’ve been digging it for a decade or more. We’ve got to climb now, and a climb is harder…’  Video: State pensions face 'death spiral' Wash.Post (It’s not just state and local … it’s national, ie., social security, medicare, Medicaid, veterans, etc., and as well, some companies. ) Sept. 15 (Bloomberg) -- U.S. state pensions such as Illinois, Kansas and New Jersey are in a "death spiral," with assets at many insufficient to cover benefits, payouts consuming a growing portion of resources and costs rising twice as fast as investment gains. Bloomberg's Monica Bertran reports. (Source: Bloomberg) (Bloomberg)  ] While experts call Illinois's plight the worst in the nation, many states are grappling with the perils of air-brushing structural budget problems rather than implementing difficult tax increases or service cuts.

 

 

White House to extend more support (to overcome widespread suspicion and anti-americanism) to Pakistan (Washington Post) [ Well, there you have it. Another victory notched up for defacto bankrupt, war criminal nation america. Sounds like a plan … you know, that winning hearts and minds thing … destroy the country, kill their people, have contractors siphon off the cash (with kickbacks of course). Victory americana … Riiiiight! ]  Offer aimed at overcoming widespread suspicion and anti-Americanism in nation, which is seen as a vexing but crucial partner in anti-terror efforts

 

Data point to economy crawling out of downturn (Washington Post) [ I don’t believe anything the u.s. government et als says or reports.    What Today's Job Numbers Aren't Telling You    Simon Maierhofer, On Friday January 7, 2011, 6:10 pm EST

‘Another month goes by and another unemployment report deciphered. Is there more to this month's report than the 9.4% headline number? Unless you are content with the information spoon fed by the financial media, you'll find the data points revealed in this article rather interesting.The only other Wall Street ritual that tops monthly unemployment reports is earnings season. Like any other ritual, it comes with many myths and fables attached. The most common one is that unemployment directly affects stock prices.

Myth Busted

If you base your investment decisions on today's release, you may want to revisit the market's performance following last month's release (published on December 3, 2010).The U-3 unemployment rate spiked from 9.6% to 9.8%. This was a huge disappointment, yet major stock indexes a la S&P (SNP: ^GSPC), Dow (DJI: ^DJI) and Nasdaq (Nasdaq: ^IXIC) rallied. What caused this unexpected reaction? The answer can be found in technical analysis.The technical setup going into last month's unemployment release (published on December 3) was predominantly bullish. With the S&P (NYSEArca: IVV - News) at 1,225 in early November, the ETF Profit Strategy Newsletter highlighted important support at 1,165 - 1,170 and on November 7 stated: 'Any correction that doesn't drop below 1,165 will likely result in new highs' with resistance at 1,267 (revised to 1,281 on December 12).As the chart below illustrates, the S&P tested support on five occasions and set the stage for future gains. That's why despite the dismal jobless numbers, stocks spiked on the day of the release and continued higher.  [chart] Before we talk about the technical set up going into today's release, let's examine some unknown but important details about today's unemployment report.

What the Headlines Won't Tell You

The Bureau of Labor Statistics (BLS.org) publishes more data than just the heavily quoted U-3 unemployment headline number (currently 9.4%).In fact, if you do some surfing on BLS.org you will find that the headline number is deceptive at best and inaccurate at least. Below are some statistics that put America's job market in perspective.According to the BLS, the real unemployment rate (U-6), which includes workers who stopped looking for jobs or had to settle for part-time jobs - is at 16.7%.

One of the most remarkable BLS data points on the BLS site is the average number of weeks workers are now unemployed. The jobless are unemployed for an average of 34.2 weeks.  As the chart below shows, this is the second highest reading in the survey's 63-year history (all-time high was 34.8 in July 2010).                                 [chart]

Along the same lines, the number of workers unemployed for more than 27 weeks (usually unemployment benefits cease after 26 weeks) is near its May 2010 all-time high.                              [chart]

A Painful Misconception

The Bush tax-cut extension led many to believe that unemployment benefits have been extended beyond the 99 weeks (26 weeks state-funded plus 73 weeks federal benefits) available to the 25 worst hit states. This is not correct.According to CNBC, no benefits will be paid once the 99-week period is exhausted. As per the extension, however, the jobless will continue to receive up to 99 weeks of unemployment checks.Over the past three years, the unemployed have collected about $320 billion in jobless benefits. About two million '99ers' received their last benefit check around Christmas.

A Shrinking Workforce

It is estimated that about 150,000 'youngsters' enter the work force every year. That's why the work force has steadily increased since 1948. Courtesy of the 2008 bear market, the workforce has actually been shrinking as discouraged workers drop out of the statistics .Discouraged workers are those who stopped searching in the last four weeks. Excluding them from the workforce and the unemployment equation artificially lowers the U-3 unemployment rate. Discouraged workers surged to a new record high of 1.32 million which depressed the labor force participation rate to 64.3% (a 27-year low). If the participation rate had stayed the same, the U-3 unemployment rate would be 9.7%.

Making Sense of What Doesn't Make Sense

Based on U-6 numbers, since December 2006 as many 13 million Americans have either lost their jobs, or have been downgraded.  Meanwhile food stamp recipients have mushroomed by ten 10 million.Nevertheless, stocks have shrugged off an avalanche of bad news and continue plowing ahead towards new highs. Does that make sense?It does when you include the Federal Reserve and it's quantitative easing program in this lopsided equation. The Fed has a history of creating and ignoring bubbles. The 2000 tech (NYSEArca: XLK - News) bubble came and went and was followed by the 2005 real estate (NYSEArca: IYR - News) bubble.The 2005 real estate bubble was somewhat cushioned by the 2007 financial (NYSEArca: XLF - News) bubble. The 2007 bubble bust expressed itself fully until the Fed started inflating yet another bubble - the QE1 and QE2-based 'great' new bull market.

The Technical Set Up

Looking at the long-term picture, there is reason to be skeptical about the growth potential for U.S. stocks (NYSEArca: IWM - News). But if you want instant gratification - as most investors do - what's the technical set up for the coming weeks?Looking at the market's internal indicators, we note that momentum is strong but breadth is weakening. Sentiment - one of the most reliable indicators in the investment universe - is extremely bullish, which is bearish for stocks.Prior instances when the ETF Profit Strategy Newsletter noted overheated excitement for stocks was in January 2009, January 2010, and April 2010. Another bearish factor is the new January effect that's seen stocks decline each January over the past three years.Additionally, the S&P is about to reach the measured upside target of a W pattern (December 12 ETF Profit Strategy Newsletter) and a host of other resistance levels.In summary, momentum and Fed induced liquidity point up, but sentiment gauges and some technical indicators convey a deeply bearish message.The best way to navigate such cross currents is to let the market speak and carefully analyze its reaction to important support and resistance levels. Failure to break resistance levels combined with an inability to remain above support have been recipes for disaster in the past, especially with bullish sentiment at extreme levels.A chain is only as strong as its weakest link. The ETF Profit Strategy Newsletter monitors the market's internal strength to identify weak links before they break.’

 

 

Health-care repeal vote looms (Washington Post) [ Starting with real / unspun data / facts is the wisest course, and such should be conveyed to the taxpayers who ultimately pay, including the bloated salaries of the corrupt, incompetent ‘washingtonians, federal employees, bushies, obamanoids, etc., CBO Says Repeal Would Reduce Spending by $540 Billion...’The Congressional Budget Office, in an email to Capitol Hill staffers obtained by the Spectator, has said that repealing the national health care law would reduce net spending by $540 billion in the ten year period from 2012 through 2021. That number represents the cost of the new provisions, minus Medicare cuts. Repealing the bill would also eliminate $770 billion in taxes. It's the tax hikes in the health care law (along with the Medicare cuts) which accounts for the $230 billion in deficit reduction…’   ]     …    Right to undo? Panel | How much should Republican House leaders focus on undoing past initiatives versus creating their own new ones? | Weigh in

 

 

Twain needs no fixin' (Washington Post) [ I quite agree with Ms. Parker, particularly in this digital age which facilitates such censorship which can be accomplished with such ease and an environment as in the self-created paranoid u.s. replete with pervasive corruption, incompetence, and criminality where perpetrators / criminals therein cry out for more cover-up / censorship all in the self-destructive name of ‘war on terror’, jingoistic patriotism, etc.. I’m against almost all censorship  (subject to very limited exceptions, ie., ‘yelling fire in a crowded theater, kiddy porn, etc., except that the u.s. courts are so corrupt and venal that they can no longer be trusted to responsibly apply those limited exceptions to narrowly defined exceptional circumstances. See, for example, RICO case              http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf        http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm   )  .     DRUDGEREPORT: NYT SATURDAY: NUMBER OF COMBAT INJURIES IN AFGHANISTAN APPROACHES IRAQ-WAR LEVELS... DEVELOPING...
'WE'RE DIGGING OUT OF A HOLE' [ Example of sentiment: some comments - ‘…Barack Obama is a cooked goose. He is absolutely the most incompetent president of the U.S. ever, so he continues to spin the numbers in such a manner that might make him look good. News for him: NOTHING will make you look good. Pretty is skin deep, incompetence goes clear to the bone. "Let his days be few; and let another take his office." Psalms 109:8- RightStuff, Texas, USA, 7/1/2011 19:45

You know what happens when you keep digging a hole - you reach China and that is what is going to finish the americans and Obamarama...- Olrik, Canada, 7/1/2011 19:41

'We're digging ourselves out of a hole' - Barack Hussein Obama To get out of a hole you've dug so deep, is to STOP DIGGING, fill it up with soil so you can climb OUT OF THE HOLE. STOP SPENDING OBAMA! STOP PRINTING MONEY! The US dollar is weakening against YUAN of China. Republicans better start cutting all spending, defund/repeal Obamacare, America is flat BROKE! If Republicans can't rein all spending created by Pelosi and her peons, their DEBT would be BIGGER than their economy.- Observer, over here, over there, 7/1/2011 19:33

Well the ammo index is still down, I guess having 3,000 rounds is enough- NVBob, Richland WA USA, 7/1/2011 19:31

Fill in the hole, with Obama in it, at the bottom!- Stan, St Louis, Missouri, USA, 7/1/2011 19:30

As one would expect of a socialist, clueless to the mechanics of a capitalist system, he seeks to extricate himself from a hole by further digging.- jnsesq, minimaxi, 7/1/2011 19:29    Read more: http://www.dailymail.co.uk/news/article-1345047/Glimmer-hope-U-S-economy-jobless-rate-falls-lowest-level-19-months.html#ixzz1APmJZga7’ ]

Jobs report an 'utter mess'... ‘…However, some economists were less optimistic. 'It's a bit of a mixed bag,' said Ryan Sweet, an economist at Moody's Analytics. Many analysts hoped to see larger job gains, and the drop in the unemployment rate is unlikely to be sustained, he said. 'The labour market ended last year with a bit of a thud,' he said…’
China plans $1.3 billion 'seven-star hotel'...
China Backs Europe, Euro for Investing Reserves...
REPORT: Too much fluoride in US water...
]  Parker: Why 'The Adventures of Huckleberry Finn' should not be censored.

 


January 7, 2011: Market Summary

December Jobs Miss Expectations

Unemployment Down To 9.4%, But Jobs Report Disappoints

Is a Correction Inevitable? [Short answer: YES! ] Vistesen ‘The signs are clear: risk is overloved, overbought and overextended but does this necessarily spell the inevitable correction? [Short answer: YES! ] (click for larger image) [chart] Since Augsut 2010 the SPY has barely touched its 50 day moving average. Indeed, it has stayed well clear of it. Those, like yours truly, who entered 2011 fancying some bloodletting have so far been disappointed. Plan B Economics points to the obvious that oftentimes in the world of investing, a choir chiming for an event to unfold is the best bet that it will not occur.

I’ve had a pretty good sense in the past knowing when the “correction” trade is overcrowded. I gotta say that I definitely sense that now. Bulls are on guard for a correction and bears are calling for one too. In fact, I’ve never seen such a unanimous call for a correction as I do now in a long time. Near the low of the day I saw a headline from bigcharts.com that said some portfolio manager claimed the January correction has started. The market didn’t even go in the red for the year yet and this guy’s already saying the correction has started? Talk about being over-eager. I believe this group think call for a correction means that a correction either won’t happen or will be quite shallow, well below expectations.

As a good friend of mine noted that this is like second-guessing the second-guesser. Market timing is best performed when frontrunning the crowd, not standing in the middle shouting like everyone else. On the technical side, I would like to see two (or three) straight days of declines in the SPY before calling it.The more interesting point is how deep (or shallow) it will be. A move to the 50 day MA marker would be something like 4.15% and come at around 1221 at current levels. Sounds about right to me.’ [ Vistesen’s clearly an unbridled optimist! ]

 

Drowning in Debt Nyaradi ‘Everywhere I looked yesterday, the world seemed to be drowning in debt.

In Portugal, bond spreads continue to widen as they prepare for a sale on January 12th while next door in Spain, their “D-Day” (debt day) sale comes on January 13th. France steps up on January 10th with more than $10 billion coming to market with Italy following on January 11.

The euro fell to the lowest level against the U.S. Dollar in three months in anticipation of next week’s auctions while the U.S. Dollar Index rose +0.68%.

Closer to home, Illinois struggles wtih a nearly $15 Billion hole that needs to be filled and so is pushing for a tax hike to do the job while in California, recycled Governor Jerry Brown promises to unveil a budget next week that will be “painful.”

Meanwhile, December retail sales originally ballyhooed as being the best in years turned in a lackluster performance and the pesky problem of persistent unemployment resurfaced yesterday with Initial Claims rising unexpectedly to 409,000 from 391,000 prior while Continuing Claims managed to fall.

Today comes the big report and whisper numbers are huge improvements over recent numbers.

Technically there’s no breadth and no momentum to market action and we remain in very overbought territory on nearly all indicators.

Daily Moves for Major ETFs:

Dow Jones Industrials: (NYSEArca: DIA) -0.22%

Russell 2000: (NYSEArca: IWM) -0.47%

NASDAQ 100: (NasdaqGM: QQQQ) +0.32%

S&P 500 Index: (NYSEArca: SPY) -0.20%

MSCI Emerging Markets:(NYSEArca: EEM) -1.07%%

MSCI China (NYSEArca: FXI) -0.79%%

Gold (NYSEArca: GLD) -0.40%

7-10 Year Treasuries: (NYSEArca: IEF) +0.52%

20+ Year Treasuries: (NYSEArca: TLT) +0.44%

VIX +2.23%

U.S. Dollar (NYSE:Arca: UUP) +0.77%

The major indexes remain overvalued and overbought on a technical and fundamental basis and so Wall Street Sector Selector remains in “Yellow Flag” status, expecting choppy to lower prices ahead.’



Thursday's Economic Data Roundup: Mixed News Roche ‘U.S. retailers posted weaker than expected sales in December, the Monster job index declined from last month’s highs and unemployment claims continued their steady trend lower. All in all it was a very mixed day of data.

“Jobless claims haven’t been too bumpy this holiday period, moving convincingly lower. Claims did rise to 409,000 in the January 1 week yet follow the prior week’s 391,000 for the second best reading of the recovery (prior week revised from 388,000). The four-week average is telling the story, down 3,500 in the week for a 410,750 level that is down nearly 20,000from a month ago…’

 

Jobs growth disappoints, but jobless rate falls (Reuters)

 

Labor Force Participation Rate Drops To Fresh 25 Year Low, Adjusted Unemployment Rate At 11.7% Zero Hedge | While today’s unemployment number came at a low 9.4%, well below expectations, the one and only reason for this is that the labor force in America has plunged to a fresh 25 year low.

 

Europe unveils sweeping plans to govern reckless banks London Telegraph | Brussels has called for sweeping powers for regulators to seize failing EU banks, sack board members, and impose haircuts on senior bank debt.

 

Doug Casey: Prepare for Social Upheaval LewRockwell.com | The big question is not, “Can it happen here?” but, “Will it?” Or maybe, simply, “When?”

 

China Buys Up EU Government Debt China has been increasing its holdings of European government debt, including that issued by Spain, amid the euro-zone crisis, Chinese Vice Commerce Minister Gao Hucheng was quoted as saying.

 

Labor Force Participation Rate Drops To Fresh 25 Year Low, Adjusted Unemployment Rate At 11.7% While today’s unemployment number came at a low 9.4%, well below expectations, the one and only reason for this is that the labor force in America has plunged to a fresh 25 year low.

 

Not Just “Inflation Versus Deflation” … We’ve Got “MixedFlation” and “ExportFlation” Many people have made persuasive arguments for inflation.

 

The Contrived Drama of the Debt Ceiling Let the contrived drama of the debt ceiling begin for the American people.

 

Gallup Finds Unemployment Increased In December, Underemployment Is At 6 Month High, Blasts Government Data Fudging Following this week’s ebullient ADP private payrolls report, the sellside has succumbed to an orgiastic frenzy suggesting that tomorrow NFP number may be as high as 580,000 (as reported earlier).

 

 

National / World

 

US says too much fluoride causing splotchy teeth (AP)  [ Actually, flouride’s a poison which is actually used in such things as ‘rat poison’, but has also historically been used to make ‘populations’ more docile / controllable. I guess they figure they’ve finally gotten the controlled american public zombies where they want them…mission accomplished…no need to waste more flouride. ] In a remarkable turnabout, federal health officials say many americans are now getting too much fluoride because of its presence not just in drinking water but in toothpaste, mouthwash and other ...



Deregulating ‘Frankenfoods’ Jason Douglass | Pioneer, a DuPont Company has filed with APHIS to have a particular GM corn line deregulated.

 

Eco-Nazi Orders Americans To Pay Carbon Tax On Children Paul Joseph Watson | IPCC Professor wants communist-style controls on giving birth.

 

Alex Jones & Nick Begich On Coast to Coast Infowars.com | Radio host Alex Jones and researcher Nick Begich comment on the recent bird die-off.

Alex Jones: Eco-Fascists Call For Prison Cities Infowars.com | People who resist the state controlling every aspect of their existence will be forced to live in squalid ghettos.

 

Establishment Republicans Omit Crucial Passage in Constitution Reading Stunt Kurt Nimmo | The invasion and the spill-over of violence from the Mexican narco state represents “domestic violence” against the American people.

 

Government Recommends Lowering Fluoride Levels in U.S. Drinking Water The U.S. Department of Health and Human Services and the U.S. Environmental Protection Agency are recommending changing for the first time in nearly 50 years the amount of fluoride allowed in drinking water because of an increase in fluorosis — a condition that causes spotting and streaking on children’s teeth.


Homeland Security Hasn’t Made Us Safer DHS serves only one clear purpose: to provide unimaginable bonanzas for favored congressional districts around the United States, most of which face no statistically significant security threat at all.

 

Establishment Republicans Omit Crucial Passage in Constitution Reading Stunt The Constitution reading stunt performed by establishment Republicans designed to placate a co-opted Tea Party fizzled Thursda

 

Murdered Bush Aide Was An Expert In Chemical, Biological & Cyber-Warfare, Had Highest Security Clearances Cryptome | John Wheeler III was mysteriously found in a garbage dump only hours after being seen wandering around with one shoe in a parking garage. Retired Lt. Gen. McInerney said it ‘had to be a professional hit job.’

 

DRUDGEREPORT: NYT SATURDAY: NUMBER OF COMBAT INJURIES IN AFGHANISTAN APPROACHES IRAQ-WAR LEVELS... DEVELOPING...
'WE'RE DIGGING OUT OF A HOLE' [ Example of sentiment: some comments - ‘…Barack Obama is a cooked goose. He is absolutely the most incompetent president of the U.S. ever, so he continues to spin the numbers in such a manner that might make him look good. News for him: NOTHING will make you look good. Pretty is skin deep, incompetence goes clear to the bone. "Let his days be few; and let another take his office." Psalms 109:8- RightStuff, Texas, USA, 7/1/2011 19:45

You know what happens when you keep digging a hole - you reach China and that is what is going to finish the americans and Obamarama...- Olrik, Canada, 7/1/2011 19:41

'We're digging ourselves out of a hole' - Barack Hussein Obama To get out of a hole you've dug so deep, is to STOP DIGGING, fill it up with soil so you can climb OUT OF THE HOLE. STOP SPENDING OBAMA! STOP PRINTING MONEY! The US dollar is weakening against YUAN of China. Republicans better start cutting all spending, defund/repeal Obamacare, America is flat BROKE! If Republicans can't rein all spending created by Pelosi and her peons, their DEBT would be BIGGER than their economy.- Observer, over here, over there, 7/1/2011 19:33

Well the ammo index is still down, I guess having 3,000 rounds is enough- NVBob, Richland WA USA, 7/1/2011 19:31

Fill in the hole, with Obama in it, at the bottom!- Stan, St Louis, Missouri, USA, 7/1/2011 19:30

As one would expect of a socialist, clueless to the mechanics of a capitalist system, he seeks to extricate himself from a hole by further digging.- jnsesq, minimaxi, 7/1/2011 19:29    Read more: http://www.dailymail.co.uk/news/article-1345047/Glimmer-hope-U-S-economy-jobless-rate-falls-lowest-level-19-months.html#ixzz1APmJZga7’ ]

Jobs report an 'utter mess'... ‘…However, some economists were less optimistic. 'It's a bit of a mixed bag,' said Ryan Sweet, an economist at Moody's Analytics. Many analysts hoped to see larger job gains, and the drop in the unemployment rate is unlikely to be sustained, he said. 'The labour market ended last year with a bit of a thud,' he said…’
China plans $1.3 billion 'seven-star hotel'...
China Backs Europe, Euro for Investing Reserves...
REPORT: Too much fluoride in US water...
CBO Says Repeal Would Reduce Spending by $540 Billion...’The Congressional Budget Office, in an email to Capitol Hill staffers obtained by the Spectator, has said that repealing the national health care law would reduce net spending by $540 billion in the ten year period from 2012 through 2021. That number represents the cost of the new provisions, minus Medicare cuts. Repealing the bill would also eliminate $770 billion in taxes. It's the tax hikes in the health care law (along with the Medicare cuts) which accounts for the $230 billion in deficit reduction…’

 

 

Republicans reject cost estimate on health repeal (Washington Post) [  One thing’s certain … they’ll agree to disagree … $14 plus trillion and counting and wobama the b for b*** s*** and co are worried about a couple hundred billion … tax cuts to the rich …   (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!) ‘Then again, look at the war spending :   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. [ True enough! Though broke, they’re still voting for more war across the board. But even 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! )...  ] Boehner dismisses CBO forecast that rescinding law would raise deficit by about $230 billion and leave 32 million more Americans uninsured.

 

 

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.

 

White House Defends Obama’s Senate Vote against Raising Debt Ceiling But Warns of Catastrophe If GOP Doesn’t Raise Debt Ceiling The Obama administration is warning of catastrophic consequences if Congress does not increase the debt ceiling, the legal limit on how much the federal government can borrow, but Barack Obama held a different view on the issue as a senator in 2006.

 

2011: Year of the Big Default? Every week, Max Keiser looks at all the scandal behind the financial news headlines. Watch the full Episode 110 of the Keiser Report on Thursday.

 

How High Will Gold Go in 2011? Since CNBC has been issuing a non-stop barrage of its own version of reality vis-a-vis gold and other precious metals, it may be time for some counterpoint.

 

An Avalanche of Liquidity Threatens Us With Inflation With Ben Bernanke as our Shepherd how can we go wrong? He tells us quantitative easing is not inflationary.

 

 

National / World

 

‘Maryland Staged Terror’ and ‘Prison Cities’ Top Google Trends Aaron Dykes | Following two suspicious explosions today in Maryland, the search term “Maryland Staged Terror” topped Google’s hot trends at #1 this Thursday, January 6, 2011.

 

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.

 

Maryland Staged Terror? FBI Caught Provocateuring Patsies Paul Joseph Watson | Two explosions in Maryland should be treated with a huge amount of suspicion.

 

A Nation Of Truth-Rejecters Chuck Baldwin | The rejection of truth seems ubiquitous in America today.

 

Utah Welcomes NSA Mega-Snoop Center Kurt Nimmo | The NSA’s job is to keep tabs on Americans who disagree with the government

 

Eco-Fascists Call For Prison Cities People who resist the state controlling every aspect of their existence will be forced to live in squalid ghettos while the rest of the population will be tightly controlled in high-tech prison cities – that’s the future envisaged by eco-fascists who are exploiting the contrived global warming fraud to openly flaunt their plan for the total enslavement of mankind.

 

“The Birds”: Mapping The Global Mass Animal Deaths Graveyard Full interactive map of the now global mass animal deaths outbreak.

 

Utah Welcomes NSA Mega-Snoop Center Utah will be home to NSA’s mega-surveillance program under the aegis of the formerly secret Comprehensive National Cyber-security Initiative.

 

‘Birther’ arrested during Constitution reading A woman was arrested in the House gallery Thursday after interrupting a reading of the Constitution by yelling out her belief that President Barack Obama is not a natural born citizen of the United States.

 

Planned-Opolis: Elitist Agenda For Eco-Enslavement Not content with depicting children being slaughtered in the name of preventing non-existent global warming, climate change alarmists have embarked on a new propaganda campaign lecturing us all about how we will be forced to live in a “planned-opolis,” where car use will be heavily restricted, CO2 emissions will be rationed, meat will be considered a rare delicacy, the state will decide your career, and only the mega-rich elitists enforcing all these new rules and regulations will be exempt from them.

 

 

Authors: CIA waited years to stop nuclear proliferation The US government is guilty of allowing nuclear materials and intelligence to proliferate among some of the most dangerous regimes in the world for more than 30 years, a new book alleges.

 

Pentagon Plans to Send 1,400 Extra Marines To Afghanistan Defense Secretary Robert Gates has decided to send an additional 1,400 Marine combat forces to Afghanistan.

 

In The Future You May Not Be Able To Provide The Basics For Your Family Even If Everyone In Your Family Has A Job Today, millions of American families are extremely stressed out because they are working as hard as they can and yet they find at the end of the month they still haven’t been able to pay all of the bills.

 

 

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?

 

How the recession imploded states' finances (Washington Post) [  This is truly no joke!  Municipal Debt Threatens U.S. Economy Lim ‘The debt crisis that has taken down banks, and even countries, threatens more than 100 American municipalities this year. According to Meredith Whitney, who works as a US research analyst, local and state debts are the biggest concerns to the US economy today. It is large enough to derail economic recovery.

She said that,

There’s not a doubt on my mind that you will see a spate of municipal bond defaults. You can see fifty to a hundred sizable defaults – more. This will amount to hundreds of billions of dollars’ worth of defaults.

American states and cities have a total debt load of around $2 trillion.

New Jersey government Chris Christie summarized it clearly,

We spent too much on everything. We spent money we didn’t have. We borrowed money just crazily. The credit card’s maxed out, and it’s over. We now have to get to the business of climbing out of the hole. We’ve been digging it for a decade or more. We’ve got to climb now, and a climb is harder.

Cities from Madrid to Detroit are struggling to pay off even just basic services such as street cleaning. Ms. Whitney’s comments are likely to put focus on municipal bonds. She is ranked as one of the most influential women in American business. While working for Oppenheimer, a New York investment bank, she predicted that Citibank will cut its dividends. Although she suffered from a lot of criticisms then, her analysis proved to be correct as the bank was forced to seek government bail-out. Ms. Whitney has since started her own consulting firm.

Deficit Already Affecting Public Spending

American states have spent almost $500 billion more than tax revenues. In addition, they face another $1 trillion hole in pension funds. Already, Detroit is cutting road repairs, cleaning services, police, and lighting expenditures which affects 20% of the population. The city has suffered from nearly two decades of decline due to US auto outsourcing. It no longer generates enough wealth to provide services to its 900,000 inhabitants. Meanwhile, Illinois is suffering from similar ills after spending twice as much as it generated in tax. It is already six months behind on creditor payments. It owes $400 million to the University of Illinois alone and has 21% chances of defaulting on its debts. According to CMA Datavision which is a derivatives information company, this percentage is more than any other state. Other states such as California and Arizona are also taking steps to solve their debt problems. California has raised university tuition fees by 32% while Arizona sold its Supreme Court and state capitol buildings before leasing them back. Florida is another state that may be hit by a default; this state is the center of a real estate boom that went best recently.

Philip Brown, the managing director of Citigroup in London said that,

It’s all part of the same parcel: public sector indebtedness needs to be cut, it needs a lot of austerity and it hit the central government first, and now is hitting local bodies.

Unlike banks and other financial institutions, “cities are their own”. According to Andres Rodriguez-Pose, a professor of economic geography at the London School of Economics, “cities will have to pay for their debts, and in some cases they will have to carry out dramatic cuts, such as Detroit’s.” If there is a city that best symbolizes distressed local finances, it is Vallejo in California. Vallejo is a former US navy town located near San Francisco. It has entered into Chapter Nine bankruptcy protection in 2008 and the effects are still resonating up to this day. The city is trying to negotiate with the unions, which has refused to accept a plan to cut salary two years ago. Vallejo has a population of around 120,000 but it carries $195 million in unfunded pension obligations. The town does not have enough local industry to sustain its finances; property tax collection dropped dramatically upon the collapse of the real estate market. Vallejo is given a C rating by Standard & Poor, the lowest level. US cities are more susceptible to defaults than their European counterparts because it relies mainly on municipal bonds while European towns depend on government bailouts and bank loans.

Gold Expectations for 2011

Now, let’s take a look at long-term gold chart (courtesy of StockCharts.com) to see how bullion fared this week:

[chart] For some time, gold has tried to break the upper border of the rising trend channel. Gold prices have been wavering from $1,340 to $1,423 since October 5 with a general upward slope. It has often just fallen by a fraction below the rising trend line. There are signs that a break-out could be seen soon. We take into account that gold is quite bullish at the onset of a new year. The $1,600 target still seems realistic for the early part of 2011. 2010 ended on a high note for precious metals. Gold ended the year at $1,421 an ounce while silver is at $30.91 an ounce. Overall, gold prices rose by 30% in 2010 while silver leaped 80%. Prognostications abound in 2011. These forecasts consider the outlook for currencies, inflation, and interest rates in the world’s largest economies. We’ll examine some of the trends that may influence gold prices:Gold prices tend to rise in times of projected or actual inflation due to the bullion’s status as a “safe haven” asset. Investors who are seeking an asset that reacts favorably to currency devaluation and inflation typically move some of their wealth into gold. Right now, the Fed is more concerned about deflation rather than inflation. As such, they show little reluctance to flood the US economy with dollars. Meanwhile, countries such as India and China want stronger economic growth. The result of this is higher inflation. China’s prices are now 5.1% higher compared to a year ago while India projects an inflation of 5.5% by March 2011. But the correlation between high inflation and high gold prices isn’t set in stone. Although more inflation will initially favor high gold prices, the countervailing policy of keeping interest rates to control inflation sometimes makes interest-bearing instruments more attractive. As of now, however, rates are not high enough to have an impact on gold prices. Historically, the first two months of the year are good for gold. Buyers seek back the gold positions they shed going into the New Year. The continuing inflationary concerns can further support prices in 2011. The Reserve Bank of India said that inflation is not slowing down as quickly as desired. In the US, there are reports that companies are experiencing higher costs for staffing and/or materials, but these costs are not yet being felt by the customers. According to Frank Holmes, the CEO of US Global Investors, “The two pillars of gold are, in any country’s currency, are negative real interest rate and deficit spending.” Mr. Holmes believes that low interest rates won’t go away anytime soon as this would be “catastrophic” to the financial system.’

 

  Video: State pensions face 'death spiral' Wash.Post (It’s not just state and local … it’s national, ie., social security, medicare, Medicaid, veterans, etc., and as well, some companies. ) Sept. 15 (Bloomberg) -- U.S. state pensions such as Illinois, Kansas and New Jersey are in a "death spiral," with assets at many insufficient to cover benefits, payouts consuming a growing portion of resources and costs rising twice as fast as investment gains. Bloomberg's Monica Bertran reports. (Source: Bloomberg) (Bloomberg)

 ] The recession blew a huge hole in the already shaky finances of state governments, causing them to lose nearly one-third of their revenue in 2009, according to a Census Bureau report released Wednesday.

 

 

[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.

 

 

World Food Prices Rise: Get Ready for the Riots?  [ Food Riots Next? FAO Says Food Prices Surpass Record Highs Seen During 2007-2008 Bubble  infowars.com / prisonplanet.com The last time food prices hit ridiculous levels, the immediate outcome was global food riots in places such as Haiti and Bangladesh.   ] Tradermark ‘As the 'financialization' of every commodity of earth continues at pace, and easy money pours out of almost every major central bank, we have now reached the point where food prices have surpassed the record levels of 2008. [Feb 12, 2008: Wheat is Being Ruined by ... what else... Hedge Funds and Speculators] [Apr 28, 2008: Wall Street Grain Hoarding Brings Farmers, Consumers Near Ruin] [Apr 6, 2008: Agflation Hits Rice - Prices Up 50% in 2 Weeks] What happened back then? Just some minor issues such as rioting in many '2nd' and '3rd' world countries. Looks like we need to prepare for another hot summer. And domestically those food stamps are not going to go quite so far as they used to. [Nov 10, 2009: Walmart Executive - "There are Families Not Eating at the End of the Month"]

Oh well, just consider it collateral damage in The Bernank's plan to make us (and Goldman, JPMorgan, et al) all rich via asset inflation. (I will stop by some local food banks to let them know they can make some mad money in the markets to offset the rising prices) Just remember to blame it all on China - that was a great excuse back in 08, even though we saw once leverage was taken out of the financial system prices of commodities suddenly crashed. This repeating epidemic has no relationship at all with financial speculation at all. Nope.

On a related note - a tip of the hat to Congress for the recent ethanol funding expansion, snuck in during the lame duck. If there is one thing that makes sense when we have the potential for global food crisis, it is putting inefficient corn in our cars. [Mar 27, 2008: WSJ - Farm Lobby Beats Back Assault on Subsidies] The main saving grace at this time is rice, which is massively important in the East. Too bad there is not a rice ETF or else speculators with Ben's easy money supply and demand dynamics could push it up much more quickly.

Via Bloomberg:

 

 

 

Rising Asset Prices Cannibalize U.S. Growth  Simon Maierhofer, On Wednesday January 5, 2011, 7:44 pm EST

‘Rising asset prices are bad for investors! At first glance this statement makes no sense at all. Upon closer examination, however, there is much truth to this statement. Bear with me for a couple of minutes and you'll see what I mean.

Rising Oil Prices - Good or Bad?

Perception seems to have a bigger influence on news coverage than facts. A recent Wall Street Journal front-page headline read that: 'Oil back at $90 as growth gains pace.'According to the WSJ reporter, 'the recovery in oil prices is an encouraging sign of world growth.' Wait a minute. Since when are rising oil prices (NYSEArca: USO - News) good for the economy?In early 2008, when oil prices were rising, economists were in agreement that the ripple effect of rising crude would sap the American consumer of precious discretionary funds.Obviously, the concept of cause and effect is subject to interpretation. The same cause (rising oil prices) had a different effect in 2008 than it has today. In 2008 it stifled the economy; in 2011 it's viewed as a sign of improvement.Because rising oil prices affect everybody, they are often compared to a flat tax - like a sales tax. More money spent on taxes means less money spent on items that help improve the economy. In fact, some economists argue that rising crude negates much or all of the monetary benefits of the tax cut extension.

Rising Commodity Prices - Good or Bad?

If you've had your money in any single commodity like gold (NYSEArca: GLD - News), silver (NYSEArca: SLV - News), agriculture (NYSEArca: DBA - News) or broad commodity funds (NYSEArca: DBC - News), count yourself happy, but don't get greedy.Commodities had a great run, but similar to high oil prices, high commodity prices cannibalize economic growth. Why? The more money needed to spend on food staples, the more careful you have to be with your discretionary spending.In a still battered real estate market, homebuilders (NYSEArca: XHB - News) have to pass on the extra cost of rising timber, iron and copper prices. What this economy needs is an uptick in real estate prices, not a bigger price tag for building or remodeling homes.

Major Growth Engines in Trouble

Despite rising commodity prices, inflation has been a non-issue domestically, largely because retailers don't have much pricing power.According to Dr. Jim Walker, Founder of Asianomics Limited, higher commodity prices are already impoverishing large parts of emerging markets (NYSEArca: EEM - News) and are sucking the demand from the poor and middle-income class of society.Demand from the middle-class is the growth engine of a healthy economy. Stifling the growth of the world's largest consumer base - China (NYSEArca: FXI - News) - can't be good for business.

The 'New Economy'

Many readers remember a time when the U.S. was a production powerhouse, when General Electric earned profits with items of tangible value not TV stations and financial products; a time where GDP was built on ingenuity, hard work and sweat.The ingenuity portion of the equation is still alive, but look at its transition. The country's biggest and most successful company - Apple - manufactures and assembles nearly all of its products in China.The country's newest and most powerful companies - Groupon and Facebook - were created out of thin air. No disrespect to Mark Zuckerberg and Andrew Mason - they came up with the right concept at the right time - but what role does Facebook and Groupon play in the 'new economy?'Facebook is valued at $50 billion, that's more than triple the market cap of Alcoa. How and what does Facebook contribute to U.S. gross domestic products (GDP) and real organic economic growth? Yes, Facebook employs about a thousand people, but what else?How about Groupon? Groupon is an ingenious business model and has changed (or is about to change) the way Americans shop. Wall Street is cheering Groupon and can't wait for the IPO. However, the new way of buying nurtures frugality and robs restaurants and retail stores of their pricing power. Consumers just won't buy unless they get a 50%+ discount.Don't get me wrong, I have an above average appreciation for coupons - probably because there was no such thing when I grew up in Germany- but Groupon is the antidote to inflation. My guess is that even Bernanke would agree.

Air-pocket Protection

I often hear that technical indicators don't work in an environment where the Fed controls the market and inflates prices at will.If you believe the Fed is pumping up major indexes like the Dow (DJI: ^DJI), S&P (SNP: ^GSPC) and Nasdaq (Nasdaq: ^IXIC) you must be wondering how long that will work. If this rally isn't value driven - which in my humble opinion it isn't - stocks have nowhere to go but down, eventually.In essence, the Fed is creating a new bubble in an attempt to mop up the spill left behind by the previous bust. It doesn't take an investment wizard to figure out that this bubble will also burst, eventually. When it does, it will probably get ugly.How do you invest in a market where another potential meltdown lurks behind every correction? You monitor the markets vital signs. How? Technical indicators are the best way.

Technical Analysis - More Valueable than Ever

Using purely technical gauges, the ETF Profit Strategy Newsletter has identified various long-risk entries (to the upside) since the S&P broke above its 200-day moving average (at the time at 1,115).Technical analysis includes, but is not limited to, interpreting the effect candle formations, chart patterns (such as the ascending triangle or W pattern), acceleration bands, Fibonacci levels, and trading brackets have on prices.A technical approach to the market takes the bias out of investing. Personally, I am bearish on the market, but have learned to trust technicals and wait for high probability set ups, long or short.Despite the recent sentiment extremes, which rivaled or exceeded readings recorded at the 2007 highs, the ETF Profit Strategy Newsletter has been expecting prices to reach 1,285 for the S&P.   [chart]On December 12, the newsletter commented as follows on the W pattern: 'The W pattern (opposite of the bearish M pattern) is a bullish pattern. The upside target is calculated by the difference between the left side of the W and the bottom of the W (1,227 - 1,173 = 54). The difference is then added to the right breakout of 1,227 (1,227 + 54 = 1,281).'Markets tend to reverse around major resistance points, one of which surrounds the 1,281 area. What happens when stocks (or other asset classes) change direction from up to down? Will it be a temporary correction or a protracted decline?’

 

Stocks Get Lift From Financials and Economic Data - Midnight Trader 4:09 PM, Jan 5, 2011 – ‘

GLOBAL SENTIMENT

UPSIDE MOVERS
(+) ATHR sold to QCOM for $3.5 bln. QCOM up 1.7%.
(+) XING takes new mining stake.
(+) MOS continues evening gain that followed earnings beat.
(+) YOKU gains as Inception offered through premium service.
(+) PPHM starts study on pancreatic cancer treatment.
(+) OPXA to Pursue Phase 3 Clinical Study for Tovaxin in Multiple Sclerosis After Successful Meetings with FDA.
(+) WAG up after same-store sales figures.

DOWNSIDE MOVERS
(-) MTSN continues evening loss that followed earnings warning.
(-) TRID cuts outlook.
(-) DUK downgraded.

MARKET DIRECTION

Stock averages close near the top end of the day's range after a slippery start to the trading session. Gains for financial shares rallied the broader market from the choppy trade seen for much of Wednesday's session.

The S&P Financial index gained 1%. Shares of American International Group (AIG) set the tone. The insurance giant - which is in the process of selling assets to repay a U.S. bailout - said it received a $3 billion offer for its Taiwan unit, Nan Shan Life Insurance, Bloomberg reported. Yesterday, AIG shares declined after it received a proposal from a local Taiwan company to buy a stake in AIG's Taiwan unit. The proposal from home security company Taiwan Secom Group is seen as pleasing regulators but likely is contrary to AIG's interests.

Early economic data supported stock gains. The ADP Employer Services survey showed a rise in private payrolls in December of 297,000, nearly triple the number forecast by economists. The report came two days before the government's employment report, and more evidence of improvement in the still weak job market could support multiyear highs for stock averages.

Also reported, the Institute for Supply Management reported the vast U.S. services sector grew in December at its fastest pace in more than four years.

The December ISM non-manufacturing gauge came in at 57.1, up 2.1 points from November and better than MarketWatch-compiled consensus expectation among economists for 55.6. The employment sub-index decreased 2.2 percentage points to 50.5, indicating growth in employment for the fourth consecutive month, but at a slower rate.

Commodities finished mixed as crude futures gained, natural gas plummeted and gold futures ended at a three-week low.

Crude oil for February delivery finished up $0.92, or 1%, to $90.30 a barrel. In other energy futures, heating oil was up 1.43% to $2.54 a gallon while natural gas was plummeted by 4.11% to $4.47 per million British thermal units.

Meanwhile, gold futures dipped to their lowest level in three weeks. Bullion contracts came off lows though as investors bought on the decline.

Gold for February delivery finished down $5.10 to $1,373.70 an ounce. In other metal futures, silver was down 4.8% to $29.64 a troy ounce while copper rose 0.69% to $4.39 a pound.

The U.S. dollar index (DXY) is up 1.1% to $80.32.’




Municipal Debt Threatens U.S. Economy Lim ‘The debt crisis that has taken down banks, and even countries, threatens more than 100 American municipalities this year. According to Meredith Whitney, who works as a US research analyst, local and state debts are the biggest concerns to the US economy today. It is large enough to derail economic recovery.

She said that,

There’s not a doubt on my mind that you will see a spate of municipal bond defaults. You can see fifty to a hundred sizable defaults – more. This will amount to hundreds of billions of dollars’ worth of defaults.

American states and cities have a total debt load of around $2 trillion.

New Jersey government Chris Christie summarized it clearly,

We spent too much on everything. We spent money we didn’t have. We borrowed money just crazily. The credit card’s maxed out, and it’s over. We now have to get to the business of climbing out of the hole. We’ve been digging it for a decade or more. We’ve got to climb now, and a climb is harder.

Cities from Madrid to Detroit are struggling to pay off even just basic services such as street cleaning. Ms. Whitney’s comments are likely to put focus on municipal bonds. She is ranked as one of the most influential women in American business. While working for Oppenheimer, a New York investment bank, she predicted that Citibank will cut its dividends. Although she suffered from a lot of criticisms then, her analysis proved to be correct as the bank was forced to seek government bail-out. Ms. Whitney has since started her own consulting firm.

Deficit Already Affecting Public Spending

American states have spent almost $500 billion more than tax revenues. In addition, they face another $1 trillion hole in pension funds. Already, Detroit is cutting road repairs, cleaning services, police, and lighting expenditures which affects 20% of the population. The city has suffered from nearly two decades of decline due to US auto outsourcing. It no longer generates enough wealth to provide services to its 900,000 inhabitants. Meanwhile, Illinois is suffering from similar ills after spending twice as much as it generated in tax. It is already six months behind on creditor payments. It owes $400 million to the University of Illinois alone and has 21% chances of defaulting on its debts. According to CMA Datavision which is a derivatives information company, this percentage is more than any other state. Other states such as California and Arizona are also taking steps to solve their debt problems. California has raised university tuition fees by 32% while Arizona sold its Supreme Court and state capitol buildings before leasing them back. Florida is another state that may be hit by a default; this state is the center of a real estate boom that went best recently.

Philip Brown, the managing director of Citigroup in London said that,

It’s all part of the same parcel: public sector indebtedness needs to be cut, it needs a lot of austerity and it hit the central government first, and now is hitting local bodies.

Unlike banks and other financial institutions, “cities are their own”. According to Andres Rodriguez-Pose, a professor of economic geography at the London School of Economics, “cities will have to pay for their debts, and in some cases they will have to carry out dramatic cuts, such as Detroit’s.” If there is a city that best symbolizes distressed local finances, it is Vallejo in California. Vallejo is a former US navy town located near San Francisco. It has entered into Chapter Nine bankruptcy protection in 2008 and the effects are still resonating up to this day. The city is trying to negotiate with the unions, which has refused to accept a plan to cut salary two years ago. Vallejo has a population of around 120,000 but it carries $195 million in unfunded pension obligations. The town does not have enough local industry to sustain its finances; property tax collection dropped dramatically upon the collapse of the real estate market. Vallejo is given a C rating by Standard & Poor, the lowest level. US cities are more susceptible to defaults than their European counterparts because it relies mainly on municipal bonds while European towns depend on government bailouts and bank loans.

Gold Expectations for 2011

Now, let’s take a look at long-term gold chart (courtesy of StockCharts.com) to see how bullion fared this week:

[chart] For some time, gold has tried to break the upper border of the rising trend channel. Gold prices have been wavering from $1,340 to $1,423 since October 5 with a general upward slope. It has often just fallen by a fraction below the rising trend line. There are signs that a break-out could be seen soon. We take into account that gold is quite bullish at the onset of a new year. The $1,600 target still seems realistic for the early part of 2011. 2010 ended on a high note for precious metals. Gold ended the year at $1,421 an ounce while silver is at $30.91 an ounce. Overall, gold prices rose by 30% in 2010 while silver leaped 80%. Prognostications abound in 2011. These forecasts consider the outlook for currencies, inflation, and interest rates in the world’s largest economies. We’ll examine some of the trends that may influence gold prices:Gold prices tend to rise in times of projected or actual inflation due to the bullion’s status as a “safe haven” asset. Investors who are seeking an asset that reacts favorably to currency devaluation and inflation typically move some of their wealth into gold. Right now, the Fed is more concerned about deflation rather than inflation. As such, they show little reluctance to flood the US economy with dollars. Meanwhile, countries such as India and China want stronger economic growth. The result of this is higher inflation. China’s prices are now 5.1% higher compared to a year ago while India projects an inflation of 5.5% by March 2011. But the correlation between high inflation and high gold prices isn’t set in stone. Although more inflation will initially favor high gold prices, the countervailing policy of keeping interest rates to control inflation sometimes makes interest-bearing instruments more attractive. As of now, however, rates are not high enough to have an impact on gold prices. Historically, the first two months of the year are good for gold. Buyers seek back the gold positions they shed going into the New Year. The continuing inflationary concerns can further support prices in 2011. The Reserve Bank of India said that inflation is not slowing down as quickly as desired. In the US, there are reports that companies are experiencing higher costs for staffing and/or materials, but these costs are not yet being felt by the customers. According to Frank Holmes, the CEO of US Global Investors, “The two pillars of gold are, in any country’s currency, are negative real interest rate and deficit spending.” Mr. Holmes believes that low interest rates won’t go away anytime soon as this would be “catastrophic” to the financial system.’

 

Oil Continues Steady Climb Kurt Nimmo | Oil exec predicted $5 per gallon gas prices within two years.

 

Russia-China oil pipeline opens BBC News | The first oil pipeline linking the world’s biggest oil producer, Russia, and the world’s biggest consumer of energy, China, has begun operating.

 

Oil Continues Climb In Line With Lindsey Williams’ Prediction On December 16, Lindsey Williams told Alex Jones the price of crude oil will soon hit $150-200 per barrel and this would translate into gas prices in the range of $4-5 per gallon. Williams, an ordained Baptist minister who went to Alaska in 1971 as a missionary, was told about the price increase by insiders in the oil industry he had befriended.

 

Everything Is Falling Apart: America’s Decaying Infrastructure If you haven’t noticed lately, America is literally falling apart all around us. Decaying infrastructure is everywhere. Our roads and bridges are crumbling and are full of holes.

 

When States Default: 2011, Meet 1841 Land values soared. States splurged on new programs. Then it all went bust, bringing down banks and state governments with them.

 

Oil Prices Enter The Danger Zone High oil prices threaten to derail the fragile economic recovery among developed nations this year, the leading energy watchdog has warned, putting pressure on the Opec oil cartel to increase production.

World Food Prices Rise to Record on Sugar, Meat Costs World food prices rose to a record in December on higher sugar and meat costs, the United Nations said, exceeding levels reached in 2008 that sparked deadly riots from Haiti to Egypt.

 

 

National / World

 

Confirmed: Ventura’s Conspiracy Theory Episodes Disappearing from DVRs Kurt Nimmo | Concerted effort by TiVo, AT&T, Comcast to memory hole Police State FEMA show.

 

Choice Of A New World Order Jason Douglass | High fructose corn syrup is engineered to make you fat and unhealthy.

 

Recipe for a Successful 2011 Ron Paul | Will a new Congress elected on the energy of the Tea Party movement find the courage to change course?

 

Censored Jesse Ventura Show On FEMA Camps Survives On You Tube Infowars.com | During his last appearance on the Alex Jones Show, Jesse Ventura confirmed that TruTV was forced to pull the show from their schedule due to government threats.

 

Big Sis Responds In Lawsuit To Suspend TSA Scanners The DHS claims that the scanners are fully compliant with Constitutional requirements and that all other claims that the body imaging program is unlawful are “meritless”, “baseless” and “unfounded”.

 

Food Riots Next? FAO Says Food Prices Surpass Record Highs Seen During 2007-2008 Bubble The last time food prices hit ridiculous levels, the immediate outcome was global food riots in places such as Haiti and Bangladesh.

 

‘Disorientated and wearing just one shoe’: Bizarre last sighting of top White House aide found murdered and dumped in landfill The top Pentagon aide found dead at a landfill site was seen in a confused state 48 hours before his death wandering around the wrong car park and wearing only one shoe.

 

Oil Continues Climb In Line With Lindsey Williams’ Prediction On December 16, Lindsey Williams told Alex Jones the price of crude oil will soon hit $150-200 per barrel and this would translate into gas prices in the range of $4-5 per gallon. Williams, an ordained Baptist minister who went to Alaska in 1971 as a missionary, was told about the price increase by insiders in the oil industry he had befriended.

 

Mass Bird & Fish Die-Offs Go Global, Spark End Times Panic The mass bird and fish die-offs that have affected parts of the U.S. over the last week have now gone global, with Sweden, Brazil and New Zealand becoming the latest countries to experience a phenomena that has sparked both scientific intrigue and apocalyptic panic in equal measure.

 

Censored Jesse Ventura Show On FEMA Camps Survives On You Tube We urge you to watch the videos below because they might not be around for much longer. Jesse Ventura’s Conspiracy Theory show about the police state and FEMA camps, which TruTV never aired because of constant government harassment and pressure, has already been memory-holed and is now under threat of being removed from You Tube as well.

 

Israel said it would keep Gaza near collapse: WikiLeaks Israel told US officials in 2008 it would keep Gaza’s economy “on the brink of collapse” while avoiding a humanitarian crisis, according to U.S. diplomatic cables published by a Norwegian daily on Wednesday.

 

Drudgereport: NATIONAL DEBT TOPS $14 TRILL
DOLLAR FADE: World Bank issues 1st yuan bonds in Hong Kong...
...pushing use of Chinese currency in international markets
Commodities outlook: $100 oil and $1,500 gold...
OIL PRICE 'ENTERS DANGER ZONE'...
FORTUNE: 2011: Year of the bank run?
World Food Prices Rise to Record on Sugar, Meat Costs...
19 Dems vote against Pelosi...
Worst showing for party nominee since 1923...
Angry crowd forces Netanyahu to halt speech...
THE BIG STINK: Rats Having Field Day In NYC after garbage mess...
Canadian river mysteriously turns bright green...
Hundreds of dead birds in TX...
Thousands of dead fish in FL...
Swedish birds 'scared to death'...
40,000 crabs wash up on UK beaches...
MAP...

 

 

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

 

Housing: A Drag on the Economy in 2011 (Part 2)

 

When the Going Gets Tough, Governments Seize Private Pensions Depew ‘If you were of an Austrian economics bent, and could read Polish, you'd find this article from Mises.pl, about governments seizing private pension funds to make up for revenue shortfalls, fascinating. But perhaps you cannot read Polish? Very well. The Christian Science Monitor has an English version of the article translated via The Adam Smith Institute Blog.

The most striking example is Hungary, where last month the government made the citizens an offer they could not refuse. They could either remit their individual retirement savings to the state, or lose the right to the basic state pension (but still have an obligation to pay contributions for it). In this extortionate way, the government wants to gain control over $14bn of individual retirement savings.

The Bulgarian government has come up with a similar idea. $300m of private early retirement savings was supposed to be transferred to the state pension scheme. The government gave way after trade unions protested and finally only about 20% of the original plans were implemented.

A slightly less drastic situation is developing in Poland. The government wants to transfer of 1/3 of future contributions from individual retirement accounts to the state-run social security system. Since this system does not back its liabilities with stocks or even bonds, the money taken away from the savers will go directly to the state treasury and savers will lose about $2.3bn a year.

I sure hope the U.S. government doesn't touch my private pension. Wait, I want a private pension!’ [They already have!]

 


Beware of the Wall Street Pump Job The Housing Time Bomb [ The old new pump and dump! ]’ Articles like the one below really bother me after the rally we have seen in the past two years:

Is the retail investor returning to stocks?

NEW YORK (Reuters) - U.S. stocks just posted back-to-back years of strong gains, yet the small U.S. investor largely remained a spectator. Now financial advisers say investors, many of whom rode out the financial crisis in cash and bonds, are slowly regaining confidence."What I'm seeing now is there's a lot more talk about getting into stocks," said David Gottlieb, a Cleveland adviser for Edward Jones, a nationwide brokerage catering to middle-class Americans.Gottlieb, who for several months has encouraged clients to increase their stock allocations, advises reducing bond holdings and buying dividend-paying stocks.The Standard & Poor's 500 Index kicked off the new year by rising 1.1 percent on Monday, reaching levels not seen since the weeks before Lehman Brothers collapsed in September 2008. Large company shares, as a group, have nearly doubled since their March 2009 lows, reflecting two years of double-digit gains.Worries of a banking system collapse and the deepest recession in more than 70 years drove many retail investors out of the stock market back in 2008. And the May 2010 "flash crash," when stocks lost 700 points in minutes for no apparent reason, further undermined confidence.
Investors showed their dismay by pulling money from stock mutual funds month after month, opting for the perceived safety of cash and bonds.

My Take:
What's your point Reuters? Are you telling investors to buy stocks because confidence is slowly coming back? Is that a solid fundamental reason to buy?Is now really the time to buy stocks after the equity markets have basically doubled since the lows?There are just as many money managers advising caution in our current investment environment as there are money managers who are advising investors to take on more risk. There are severe structural issues with our economy that are not going away, and it angers me that just about every article out of the media slants their articles into suggesting that you should buy stocks.Shouldn't the media be totally skeptical of Wall St. after watching equities plummet 50% twice within the same decade? Also, let's not forget that these are the same criminals that just finished putting of millions of Americans into homes that they cannot afford which are worth 30% less than what they paid for them.Shouldn't the press be relentlessly hammering Wall St after causing Americans so much financial pain in the last decade? I don't get it:Why does Wall St. always get a free pass when they destroy America's 401k's? Why isn't the article above titled "Is Now the time to sell stocks after a 90% rally?" The media needs to understand that they have a responsibility when they write this kinda fluff. To be fair Reuters did toss in a paragraph in the middle of the piece warning of the risks of getting into stocks:

Still, some advisers are being very cautious.William Jordan of William Jordan Associates in Laguna Hills, California, says he is telling clients not to increase their stock exposures."As good as the past two years have been, you can't say the stock market is undervalued. I'm not bailing out, but I'm advising people to take some profits."Clients also are encouraged to stick with their investment plans. Scott Smallman, a Seattle broker for Wedbush Securities, said he has been checking to see if the stock market rebound has pushed some stock exposures too high."When markets are good, our job is to talk clients down from the ceiling," said Smallman, who on Monday encouraged some clients to consider buying municipal bonds."


The Bottom Line
In my opinion, this article is far from "fair and balanced". Reuters quoted 4 "pump monkey" advisers suggesting that everyone should be piling into stocks versus only 2 advisers that were "cautious". There were zero "bears" in the piece which is ridiculous when you look at Wall Street's performance over the last 10 years. You are down 20% if you listened to these bubble makers over the last decade. There are numerous potentially catastrophic risks that remain out there and they are rarely if ever laid out by the MSM. High unemployment, bankrupt banks, and insolvent countries are just just a few that come to mind.I am amazed at how short all of our memories are when it comes to Wall St. The financial system was brought to it's knees two years ago by these pigs, and it's still sitting there crippled as the Fed runs up the credit card pretending that the economy is recovering.The MSM should be ashamed of themselves for ignoring the financial fraud and printing pieces of garbage like the one above.What ever happened to hardcore journalism? Walter Cronkite must be rolling over in his grave. Sadly, our media outlets now have the attention span of an 8 year old with ADD. If the news is a week old then it's history in their books.’ [  If it was only attention that was lacking there’d be at least a modicum of hope. The really sadly here is that most understand so little of what’s going on and those that do (understand) are want to report it; you know, mum’s the word, code omerta, no party-poopers allowed, etc.. ]

 

Dodd-Frank and the Return of the Loan Shark Wall Street Journal | In the name of consumer protection, Congress has pushed more Americans outside the traditional banking system.

 

The Rise of the New Global Elite The Atlantic | Two separate economies are emerging from the economic crisis as the elite get richer and the middle class join the ranks of poor.

 

The Never-Ending “Business of Centralization” Damon W. Root | What’s wrong with placing a few limits on federal power?

 

 

National / World

 

 

Ron Paul Talks 2012 Presidential Run: “I am Involved In A Revolution” Steve Watson | The Congressman appeared alongside his son, Senator elect Rand Paul on CNN’s Anderson Copper 360 show.

 

The Global Elite’s “ENDGAME” for Humanity Infowars | Canadian author, blogger, and philosopher Stefan Molyneux of freedomainradio.com joins the show to discuss several key issues. Big Pharma is preparing to exploit the new swine flu scare, news on the economy, and more.

 

Keiser Report: Monsanto and the Seeds of Evil RT | This time, Max Keiser and co-host, Stacy Herbert, about the US State Department’s genetically modified retaliation against France, more missing billions in Afghanistan and shopping frenzies in Britain.

 

Gladio reprise: More False Flag Operations Wayne Madsen | There are already signs that the paradigm shift from Islamist terrorism to leftist anarchism is already occurring.

 

The Madness Of A Lost Society 2: Final Warnings Youtube | We didn’t stand up for truth, we didn’t stand up for the Constitution, we didn’t stand up for the rule of law. And now the day of reckoning is upon us. Please, prepare.

 

Obama Picks Mobbed-Up Wall Street Insider For Powerful Administration Role Reports that Barack Obama is considering naming William Daley, a JPMorgan Chase & Co. executive and former U.S. Commerce secretary, to a powerful position within the White House, serve as a reminder that while posing as a squeaky-clean man of the people, Obama is the ultimate establishment lackey.

 

 

 

Falling birds likely died from massive trauma The thousands of birds that fell from the sky just before midnight New Year’s Eve in Arkansas likely died from massive trauma, according to a preliminary report released Monday.

 

Is The New Madrid Fault Earthquake Zone Coming To Life? What in the world is happening in the middle of the United States right now? Thousands of birds are falling dead from the skies, tens of thousands of fish are washing up on shore dead, earthquakes are popping up in weird and unexpected places and people are starting to get really freaked out about all of this.

 

500 Dead Birds Found In Louisiana Town Around 500 dead blackbirds and starlings have been found in Pointe Coupee Parish, according to state wildlife officials.

 

Lindsay Lohan Moves Out Of Hollywood & In To Venice, CA TV.com [  Public Enemy No. * - Right … No!  This is ridiculous! In California of all places (where crime rates, including violent serious crimes, as in america generally are understated across the board and yet america can boast the highest crime rates in world by far. After all, didn’t that pathetic former male model / actor / pretender schwarzenegger cut by more than half the sentence for murder / manslaughter to politically juice his own end of days scenario. Schwarzenegger is living proof of the substantial brain damage attendant to steroid use. The ‘tough on crime change meister’ … What a total gutless wonder and fraud schwarzenegger turned out to be … and no small wonder he’s pluggin’ for a position in the wobama administration. )  ]  Due to conflicting reports as to whether or not Lindsay Lohan is actually out of rehab right now, we aren't entirely sure where in the world the troubled starlet is at the moment.    Palm Desert PD Gunning for Lindsay From the Get-Go TMZ.com     People: Lindsay Lohan may go back to jail San Jose Mercury News

 

Drudgereport: NATIONAL DEBT TOPS $14 TRILL
OIL PRICE 'ENTERS DANGER ZONE'
FORTUNE: 2011: Year of the bank run?
Severed head hung from bridge in Tijuana...
Pakistani governor murdered -- by own guard...
Philippines politician takes photo of assassin -- moments before being killed...
POLL: Voter Concern About Economy Hits Highest Level In Over Two Years...
Unemployment up in two-thirds of metro areas; most since June...
UPDATE: BIRDS DROP FROM SKY OVER LOUISIANA...
MYSTERY...  
Tens of thousands of small fish die in Chesapeake Bay...
Kentucky woman reports dozens of dead birds in her yard...
100 tons of dead fish wash up on Brazil's shores...
House Republicans move to repeal Obama healthcare...
...may starve financial reform of cash
House Republicans plan assault on Obamacare...
BOEHNER PLANS REPEAL VOTE -- IN WEEKS...
Issa: Obama administration 'one of most corrupt in modern times'...
...vows to take on White House over spending...
New Congress sets its eyes on oversight...
COMING SOON: THE INVESTIGATIONS
Israel preparing for 'large scale war'...
Iran 'shoots down Western spy drones' in Gulf...

 

 

 

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…’     ]

 

 

Profit From the Rally's Inevitable End: My Correction Wish List Invest Chief ‘As we say goodbye to 2010, we look towards the future and what 2011 will bring. As you may or may not know, bullish optimism hit historical highs for the outlook of 2011. I mean you could find the wildest outlooks, such as Dow 20,000, housing crisis solved, unemployment 6%, etc.There was certainly no shortage of ridiculous claims that will not come true. The point is, the best way for success in the markets is to simply roll with the punches. Whether the Dow goes to 6,000 or 60,000, you must roll with the punches and profit from the changes. If you are too focused on a certain Dow level or other catalyst, you may be waiting for a long time, missing out on profits along the way.The first “punch” investors are going to get is a correction. The Dow had a huge run in December and investors will be taking profits as they had begun to do in the last few trading days in 2010. It is advised that you take profits and wait for the correction. While the correction is occurring, select a “wish list” of companies that you would like to snatch up at cheaper prices. That way all you have to do is place orders. The homework to value your stocks should be your reasoning to place them on your “wish list”.I have my “wish list” ready to go. Here are a few of my stocks that I am planning on buying during the correction:

Shell is one of the best integrated oil plays right now. It pays over 5% dividend, P/E of 13.3, financially stable, good cash flow. It should also be noted that Shell recently inked a huge deal with Qatar, which should help boost earnings no doubt.Hartford was devastated by the 2008 crisis, dropping from its high of $66 the stock now stands at 26.50. Hartford is the most undervalued company its industry, in cash flow. Also, it has a P/E of 11. Hartford has a good management team behind it and it will surely blossom as the economy recovers.

Diana Shipping has been catching big money’s attention lately. Diana is pretty undervalued with a P/E of 7.8. Diana outpaces the rest of its industry in ROE, debt/equity, growth, and cash flow. Diana is a great stock if you want exposure to bulk shipping. A well known competitor of Diana Shipping is DryShips (DRYS). Based on value, Diana is a better call.First Niagara is a regional bank with 171 branches in the Northeast United States. First Niagara is one of the stronger regional banks which makes it a good takeover play. First Niagara weathered the recession well and they pay a 4% dividend. The only major problem I have with FNFG is the fact that they have a sizable amount of debt on their balance sheet but like I said, this is a pretty good takeover play and they pay a nice dividend while you wait. Another regional bank I would recommend for 2011 is East West Bancorp (EWBC).The message I am trying to get across is that you should always have a list of desired stocks that you would like to pick up when a pullback occurs. Regardless, it is always important to do your homework on a stock to understand if that stock fits your investing style.

The best way to profit in the stock market is always being prepared for the inevitable. A correction is coming; stocks are just too expensive right now after the huge rally we have had. It is time to take some profits and wait patiently for a pullback and pick up some great names at a cheaper price…’

 

 

Market Crash on 1/31/11? Technical indicators suggest market collapse may begin by January 31st

 

 

 

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’

 

 

 

 

January Barometer - As January Goes, so Goes the Year? Simon Maierhofer, On Monday January 3, 2011, 6:40 pm EST Did you know that there are two seasonal patterns with an accuracy ratio of 90% or higher? This is no joke. The numbers don't lie, but there is one caveat.The January Barometer has a 90% rate of success. The essence of the January Barometer is simple, as January goes, so goes the year. If January is up, the entire year will be up and vice versa.

90% Accuracy - Too Good to be True?

From 1950 to 2008 this pattern has played out most of the time. There were only five times when it outright failed and seven times when it wasn't exactly accurate. According to the Stock Trader's Almanac, the Barometer has a 90% accuracy ratio. In terms of odds, that's about as good as it gets.However, the January Barometer led investors in the wrong direction in 2001 when the S&P was down a full 13% at the end of the year after being up 3.5% in January. Again, there was a major misfire in 2003 when the S&P finished with a 26.4% gain after a 2.7% January loss.There was a minor misfire in 2005, but the Barometer couldn't have been more wrong in 2009 and 2010. In 2009 the S&P was down 8.6% in January but ended the year with a 23.5% gain.  After a 3.9% January loss last year, the S&P (SNP: ^GSPC) finished with a 12.6% gain.It seems like the January Barometer has lost its mojo. In fact, five hits and five misses bring the last decade's success rate down to 50%, in line with random odds.

A New January Pattern

Every January is different, but over the past three years a new pattern has emerged. Christmas euphoria is followed by a New Year hangover. Let's see what the numbers say.On December 24, 2007 I was invited to share my 2008 outlook with CNBC's Maria Bartiromo. At the time, the major indexes had just recovered some of their initial October/November losses and the percentage of bullish advisors polled by Investors Intelligence was 54.9%, very close to last week's 55.6%.My advice then was to employ strategies that benefit from a topping market.  On December 24, 2007, the DJIA (DJI: ^DJI) closed at 13,549, the S&P (SNP: ^GSPC) at 1,496, the Nasdaq 100 (Nasdaq: ^IXIC) at 2,128, and the Russell 2000 (NYSEArca: IWM - News) at 794.Stocks (NYSEArca: VTI - News) suffered from topping action throughout 2008 before delivering a year-end rally. In fact, the 2008 Santa Claus Rally delivered the highest return in decades, 7.4% for the S&P.On December 14, 2008, I cautioned via the ETF Profit Strategy Newsletter: 'Optimistic sentiment, which should be more visible above Dow 9,000, will give way to further declines. These should draw the indexes close to or below their November 21st lows of 7,445 for the Dow and 740 for the S&P.' Early January 2008 the DJIA poked above 9,000 three times before shedding 29%.2009/2010 was not much different than the previous two years. On December 17, the ETF Profit Strategy Newsletter stated: 'The days leading up to and following Christmas tend to have a bullish bias for stocks. Nevertheless, bearish forces are becoming more pronounced and stocks are facing stiff resistance at Dow 10,500 and S&P 1,120.' That stiff resistance led to a swift 9% correction.The chart below illustrates the pattern of December rallies followed by January sell offs. Of course this new pattern might disappear as fast as it appears, but my analysis shows that January 2011 will follow in the footsteps of the three previous Januaries. [chart]

Looking Beyond January

Let's say we get the expected January correction, then what?We would be in a pickle because according to the long-term track record of the January Barometer, stocks should continue weak throughout the year while according to the Presidential Election Year Cycle stocks should be up.The third year of the Presidential Election Year Cycle (such as 2011) is historically the strongest of the four-year cycle. This may sound like a too good to be true statistic, but there hasn't been a major loss in a pre-election year since 1931.In an effort to get re-elected, each administration is working overtime the year before elections to buoy whatever there is to buoy in order to create a setting that's conducive to winning as many re-election votes as possible.

A Premature Pop?

Courtesy of the 2008 financial meltdown, the administration and the Fed were forced to open the money spigot earlier than during the average Presidential cycle. Does that mean that the stock market has peaked pre-maturely? We don't know yet, but based on current sentiment readings it's a possibility that shouldn't be ignored.

Correction and Pop Protection

Since the market's internals today are similar to what we saw leading up to the April 2010 high and the previous three January highs, it isn't a far stretch to expect a similar outcome - a swift and largely surprising decline between 9 - 29%.The S&P hasn't reached our upside target level yet, so it's best to let the current rally do its thing. Once reversal levels are reached, the proverbial air pocket that's been supporting this creeping up trend is likely to bust and result in a downward jolt.Momentum is a fickle force. Just as momentum has carried stocks higher than expected, it may drive prices lower than any of the ueber-bullish Wall Street analysts expect.

Eliminating Variables

The big question is whether the Federal Reserve and Wall Street banks (NYSEArca: XLF - News) can manage and control any sell off. It surely seems like they were able to do so in January and April of 2010. However, they were powerless throughout 2008 and had to watch the market swallow up fellow competitors.It's no secret that my personal outlook is fundamentally bearish, but with the influx of QE2 liquidity and the bullish bias of the Presidential Election Year Cycle, it's prudent to listen to the market's vital signs.The ETF Profit Strategy Newsletter continuously monitors the market's breadth in connection with important support and resistance levels. Any trend change from up to down is most likely to occur against resistance. Once a reversal is in place, it's vital to watch how the market performs at support levels of various degrees.The ETF Profit Strategy Newsletter outlines the next major resistance level along with support levels the market has established over the past weeks, months and years. Nothing expedites momentum like a break below support. We all know what momentum can do.’ 

 

 

Robert Shiller's 2020 Target for the S&P 500

 

A Look at Base Metals: Dave's Daily ‘A FEW BULLS CHARGE OUT OF THE GATE It was an impressive ramp to start 2011 wasn't it? Inside the numbers there was again little volume. Markets are now much overbought and this low volume is worrisome as a cascade of heavy volume will no doubt appear from the sell-side as long as this continues. There was another round of POMO (nearly $8 billion) Monday to start the year which helps trading desks facilitate what the Fed wants -- higher stock prices. Of course the story making the biggest splash was Goldman Sachs wanting a piece of Facebook which would push the value of the company to $50 billion. Also, BAC settled some outstanding issues with FNM to the tune of $2 billion. Taken together this pushed the financial sector higher. Most economic news Monday like ISM Data was generally as expected, but higher prices in Europe spilled over early to New York. Most bulls believe a growing economy is in the works which should lead to better earnings and stock prices. That's the story, and bulls are sticking to it. The Interior Department will allow some deepwater drilling to resume oddly coincided with some selling in commodity markets, especially precious metals. But, the dollar was also somewhat stronger which would usually cause a decline…’

 

 

TrimTabs: “No Amount Of QE Will Be Able To Keep The Current Stock Market Bubble From Bursting” It was the night before Christmas Eve, and CNBC trucked out TrimTabs’ Charles Biderman to a de minimis audience, knowing full well that a man with his understanding of money flows would very likely repeat his statement from last year, that there is no real, valid explanation for the inexorable move in stocks higher, as equity money flows in 2010 were decidedly negative, and any explanation of the upward melt up would need to account for Fed intervention (and no-volume HFT offer-lifting feedback loops but that is a story for another day).

 

Observations On The Latest Debt “Inflection Point”, And Why Bernanke Has At Most 5 Months In Which To Announce QE3 Yesterday on Tom Keene’s always informative show, two of the world’s most important economists, Goldman’s Jan Hatzius and BofA’s Ethan Harris presented their respective defenses for why GDP in 2011 would rise by nearly 4% as per their recent predictions.

 

Oil Surges to Highest Year-End Price Since 2007 on Dollar Oil surged to its highest year-end price since 2007 as the dollar weakened and gasoline and heating oil futures climbed.

 

Is Gold – Or Fiat Currency – In a Bubble? Gold is not in a bubble, silver is not in a bubble, precious metals are in general terms not in a bubble.

 

China must Kill the Dollar Economic Assassin | In the hope of reducing their own inflation China must kill the dollar.

 

US Debt Limit Fight Would Be ‘Catastrophic’: White House Reuters | A top aide to President Barack Obama warned of catastrophic consequences if Republicans follow through on threats to reject an increase in the nation’s borrowing limit.

 

Jobs Are Trickling In, But Millions Have Given Up Looking For Work Reuters | U.S. private employers have recorded 11 consecutive months of job gains, yet the number of people who are so discouraged that they have given up searching for work stands at an all-time high.

 

War Causes Inflation … And Inflation Allows The Government to Start Unnecessary New Wars and Keep Us In Them For Longer than Needed War almost always causes inflation.

 

Never Forget The Fed Caused The Economic Downturn Chairman of the Federal Reserve, Ben Bernanke, would have us believe that if it were not for QE1 unemployment would have been considerably higher.

 

2011: Doom is Always 6 Months Away Since doom is always 6 months away, and I can write doom porn with the best of them, here we go…

 

National / World



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.’

 

 

Terrorist Watch List May Exceed US Population by 2019, World Population by 2023 A report from the Washington Post (brought to us via Infowars.com) says that the new official policy for the terrorist watch list is that a single ‘credible’ tip may deem you unworthy of (air) travel in the United States of America.

 

Pentagon’s propaganda in full view With the Afghanistan war going so poorly there has been an outpouring of emotions, an LA artist decided to make a mural depicting a dollar draped over a casket on a side of a building. Many believe this is revolting but some like Founder of Brave New Films Robert Greenwald says this indicates how brilliant the Pentagon has been at increasing censorship, so anything that goes against their propaganda will be shot down or in this case covered up.

 

 

 

Just 35 pct. of Americans support continuing Afghan occupation, poll finds A record number of Americans oppose the US war in Afghanistan, according to a recently released poll.

 

George Soros: The United States Must Stop Resisting The Orderly Decline Of The Dollar, The Coming Global Currency And The New World Order In the video you are about to see, George Soros talks about “the creation of a New World Order”, he discusses the need for a “managed decline” of the U.S. dollar and he talks at length of the global need for a true world currency.

 

30 Reasons Why 2011 Is Going To Be Another Crappy Year For America’s Middle Class Do you think that 2011 will be a good year for America’s middle class? Well, you might not be so optimistic after you read the 30 statistics posted below.

 

Preparing for the Financial Crisis The crisis in the US and world financial markets give us reason to make preparations for the foreseeable problems ahead.

 

Mass protest over Government cuts planned Unions are gearing up for a demonstration in the spring against the Government’s massive cuts in public spending, predicting it will be a “huge” national event.

 

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…’

 

Big Sis Photocopies Credit Cards, Confiscates Christmas Calendars Paul Joseph Watson | The agency is now instructing its airport security screeners to make photocopies of people’s credit cards, while Big Sis is also busy fighting terrorism and protecting America by confiscating chocolate Christmas advent calendars.

 

John Lott: More Guns, Less Crime Infowars.com | John Lott explains why guns bans only serve to increase gun crime rates.

 

TrimTabs: “No Amount Of QE Will Be Able To Keep The Current Stock Market Bubble From Bursting” Zero Hedge | If the money to boost stock prices by almost $9 trillion from the March 2009 lows did not come from the traditional players, it had to have come from somewhere else. We believe that place is the Fed.

 

More TSA Lies In Attempt To Cover Up Security Failures Steve Watson | Claims that leaked security failure figures are “outdated” are easily debunked.

 

Germany Hides Spy Satellite Under ‘Global Warming’ Umbrella. Jason Douglass | Wikileaks exposes an intergovernmental pact to disquise a spy satellite array as a tool to study ‘global warming’.

 

2010 in review: Here’s what happened in the world of natural health and health freedom Mike Adams | Still, 2010 was mostly a year of expanded censorship, attacks on health freedom and expansions of government tyranny.

 

 

Happy New Year: 19 killed in US drone attacks in Pakistan US drones carried out four strikes in Pakistan’s restive tribal belt today, killing 19 militants and injuring several more in the first such attacks of the new year, officials said.

Israel arrests 2 UK consulate workers in Jerusalem (AP)

Israel preparing for 'large scale war'...

Israel's Labor: We'll quit if no progress to peace (AP)

 

 

 

 

Treasury Department shifts its stake in Ally Financial (Washington Post) [ Oooooh! Sounds like a plan (with only those tiny pikers fannie and freddy to follow) … till the next debacle … which will be coming soon to a theater near you …

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   White, 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.

 

 

The Shadow Banking System: A Third Of All The Wealth In The World Is Held In Offshore Banks Economic Collapse Blog | You and I live in a totally different world than the ultra-rich and the international banking elite do.

 

Entire American middle class will fall under the poverty line in five years Press TV | “The middle class, I am afraid, in the United States is not going to exist in another five years and everybody is going to be driven down to the lower poor class,” said Wayne Madsen.

 

Home foreclosures jump in 3rd quarter: regulators Reuters | U.S. home foreclosures jumped in the third quarter and banks’ efforts to keep borrowers in their homes dropped as the housing market continues to struggle.

 

Must See: Howard Davidowitz Destroys The Recovery Illusion, Debunks The Consumer Renaissance Today’s must see TV comes from the following interview of Pimm Fox on the consumer and the economy with retail expert Howard Davidowitz, who in 10 minutes provides more quality content and logical thought than we have seen from CNBC guests in probably all of 2010.

 

Oil Could Push to $110: Charts It’s “certainly possible” that the price of a barrel of oil will push above $100 a barrel, Daryl Guppy, CEO of Guppytraders.com, told CNBC Thursday. “Once you move above $100, then $110 is just clear freeway straight to that level,” Guppy added.

 

Eurozone ‘has 80% chance of losing the single currency in next decade,’ claims think-tank There is an 80 per cent chance that the euro will not survive in its current form, a leading think tank has warned.

 

Metals from copper to silver hit record highs Copper has hit yet another record high in a strong morning for metals trading, as commodities shook off China’s efforts to halt inflation by raising interest rates on Christmas Day.

 

Washington's Revolving Door: Minimalist Approach to Wall Street Reform Leaves Business as Usual, Author Says - Gross

 

Peter Schiff: Here’s Why Home Prices Have To Decline At Least 20% And Probably More House prices have to decline at least another 20.3% to come back to the historical trend and may have much further to fall, according to Peter Schiff of Euro Pacific Capital.

 

 

2010 worst year for bank failures since 1992 More banks failed in the United States this year than in any year since 1992, during the savings-and-loan crisis, according to the Federal Deposit Insurance Corp.

 

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).

 



 

 

National / World



Washington Uses Arms Sales To Achieve Ever Fleeting Purported Global Supremacy Rick Rozoff | The Stockholm International Peace Research Institute (SIPRI) documents that the United States accounts for 43 percent of world military spending and 30 percent of global arms exports.

 

Will It Be A Happy New Year For the Global Resistance Against the New World Order? Paul Joseph Watson | 2010 was a year of worldwide awakening, 2011 will go a long way to proving whether or not the resistance has teeth.

 

MSNBC Analyst: Constitution Has “No Binding Power On Anything” Kurt Nimmo | For the establishment political class, the Constitution is completely irrelevant.

 

What Kind Of Mood Are The American People In As We Enter 2011? The American Dream | The following is a compilation of recent poll results that show just how frustrated and angry the American people are becoming as we enter 2011.

 

10 Modern Methods of Mind Control Nicholas West | We have entered a perilous phase where mind control has taken on a physical, scientific dimension that threatens to become a permanent state.

 

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 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..  ] 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.

 

Euro has 1-in-5 chance of lasting decade: UK think-tank Reuters | The Center for Economics and Business Research said Spain and Italy would have to refinance over 400 billion euros ($530 billion) of bonds in the spring, potentially sparking a fresh crisis within the 16-nation euro area.

 

Will It Be A Happy New Year For the Global Resistance Against the New World Order? 2010 was a year of extremes – a clear intensification of the tyranny being metered out in pursuit of a new world order, but also a tipping point in the accelerating awakening of human consciousness to the reality of the agenda for global serfdom.

 

Man strips to underwear, socks in protest at airport security checkpoint A man protesting airport security measures was arrested after he stripped down to his underwear and socks.

 

NYC Police Tightens Security for New Years Eve Hundreds of radiation detectors will be dispersed throughout the area, along with devices that can detect biological contaminants. Crowds will be shepherded into closely scrutinized pens where backpacks and big bags are banned.

 

MSNBC Analyst: Constitution Has “No Binding Power On Anything”  [ 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 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..  ]   Now that Republicans have a majority in Congress, they are pretending to be constitutionalists. In order to demonstrate this, they will theatrically read aloud the Constitution from the floor of the House next week.

 

TSA Wants To Expand Groping Of Vaginas The TSA agent used her hands to feel under and between my breasts. She then rammed her hand up into my crotch until it jammed into my pubic bone … I was touched in the pubic region in between my labia.

 

As Frustration Grows, Airports Consider Ditching TSA Some of the nation’s biggest airports are responding to recent public outrage over security screening by weighing whether they should hire private firms such as Covenant to replace the Transportation Security Administration.

 

China Makes Skype Illegal  [ China, the current creation and envy of destructive / self-destructive poppy bushies, clintonistas, wobamanoids, et als americans, is so pathetic in their own special totalitarian communistically sad way. ] THE Chinese regulator has declared Internet phone services other than those provided by China Telecom and China Unicom as illegal, which is expected to make services like Skype unavailable in the country.

 

 


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… ‘

 

 

8 Contrarian Signs Against a 2011 Rally: My Thoughts  Mansell ‘Recently my grandfather sent me an article from DailyFinance.com. The article was listing 8 contrarian signs to suggest a stall in the current rally in 2011…Check out the article for more information on each of the points and links to charts and etc. I just list them below and my opinions on each.

1) Industrial production and capacity utilization have both stalled: This is a fair argument and one that merits some consideration. My only comment would be that just because it is slowing down does not necessarily bode poorly for the economy (though "growth" may slow). It is my understanding that much of the growth in the industrial production was in companies rebuilding inventories that they depleted during the height of the recession. It should be obvious that it would turn down at some point but I am curious to know if the recent downturn has more than accounted for the loss of restocking inventories in the equation.

2) The Baltic Dry Index (BDI) has been in a downtrend since June: The BDI is down because people the world over are worried about oversupply within the dry bulk sector. This is also why a lot of the stocks within that sector trade at single digit P/Es. My argument, though, is that low rates due to oversupply doesn't suggest anything about the overall global economy and its recovery; it is just the mismanagement of assets by industry executives.If we are making the argument that the price being lower to ship goods is bad; here is an argument for gradually raising rates.The way people are determining the oversupply is by looking at outstanding orders; however, in 2010 around 50% of orders weren't delivered due to cancellations by the companies who ordered them. I imagine a similar number will occur in 2011 (source, slides 6 and 7). Also, I have read an interview with an industry executive that suggests they have yet to see a slowdown in demand, even with the increased number of ships AND the attempts of China's government to slow its growth. The Chinese economy is still 10% larger than it was last year, has grown substantially this year, and I think that growth has taken out a large amount of the expected slack within the shipping industry. India and other emerging markets are also supposed to be doing pretty well, suggesting further demand there.Also, 21% of the current fleet (of Panamax vessels) are over the age of 20 years old. I do not know what the average scrap rate is for a panamax vessel but I know that currently there are non that appear to be over 35 and few that fall into the 30-35 range. This suggests that over the next 10 years we'll see the scrapping of 1 out of every 5 of the current fleet. While this clearly won't help short term rates, it does suggest that oversupply won't last long and will begin improving over the next five years or so.

3) Interest rates are rising: Some have actually hailed the Fed's QE2 program as a success based on this; clearly investors are expecting more inflation which is why rates are rising and this inflation expectation started largely after the Fed began that program. However, I was never a fan of this program and I don't know how inflation is supposed to help the 10% of people who are unemployed who find their savings eaten away by rising prices AND necessary living expenses.

4) Oil and gasoline have risen to levels that some analysts see as negative for growth: This makes sense; however, I do not know much about this. I know gas prices were much higher while the economy was stalling in 2008, but we didn't have the unemployment we have now and the economy WAS stalling so it would be hard to know the effect of high gasoline prices. I think we've all noticed its quick rise, though, and it will lead to less disposable income.

5) Property taxes and other state/local taxes are rising: I don't know the absolute amount of dollars for each but I know that Congress cut the social security tax for working individuals over the next year which should help them make up some of these rising costs. Also, consumers have been deleveraging and are spending less disposable income on credit, which means that this shouldn't be too entirely unbearable but will weigh on consumer spending nonetheless.

6) Retail investors are shunning the U.S. stocks: This to me suggests that it is a time to buy. Especially since companies have the most cash on balance sheets than they have had since the 1950s. As soon as the economy turns around they'll produce returns on that cash or invest it abroad and earn those returns now. Either way, you're currently getting more safety in cash, with greater growth potential, for cheaper prices than available before and this is bad because....?Also, aren't retail investors notorious for being wrong? There are investment strategies based entirely around doing the exact opposite of retail investors; while this doesn't mean we should dismiss their actions or automatically do the opposite, I do think we should consider how much weight we're placing on retail investors' behavior.

7) Margin debt is at the highest levels since September 2008: Very true, but as #6 says there are fewer dollars from investors in the market, so this affects few individuals at very large levels and doesn't appear to be pandemic for all US households.

8) Investor sentiment remains at extremely high levels: What investors? Money has been leaving the equity markets since 2008, as suggested in #6, and we've seen net outflows in equity markets even during the "recovery". So investors are saying they're excited about stocks while pulling money out of equity markets and putting it into bond markets, gold, and other investments? I think I'd rather follow the truth in people's actions as opposed to following their words. I don't think investor sentiment is REALLY that high if they are investing in other assets as opposed to stocks.Lastly, I'm really disappointed that this article didn't mention the ONE greatest threat that I believe is currently inflicting the American economy and that is the continuous struggle in housing. Don't get me wrong, I'm currently investing in REITs, but I think housing is far from the bottom and that in 2011 and 2012 we'll see further atrophy in home prices.New single home sales have fallen back to 283,000 in October 2010, which is a little lower than the 300k -320k that we were seeing at the beginning of 2000 and a far cry from the near 600,000 we saw at the peak; however, even though these numbers have normalized, other factors have not.In 2000, 300k homes for sale represented about 4 months of supply which is normal. The 283,000 number we've seen, while lower than the 300k in 2000, represents 8+ months of inventory currently. On top of this, we have waves of foreclosures that are hitting the market further exacerbating the problem. I think it's safe to say that we probably have over a year's worth of housing inventory that will be available for sale over the next year AND interest rates are rising, making it more expensive to own. The only thing that can give a little to rebalance the equation is home prices.On top of all of this, in 2011 and 2012 we'll start to see another wave of ARMs resetting. I do not believe that we'll see a pandemic of foreclosures because people are unable to afford the switch that we saw in 2008 and 2009, but I do think we'll see a lot of foreclosures because people won't want to pay that much for houses that are worth 25%-30% less than what they were when the agreed to the ARM. In fact, the scenario of people living free in their homes for a year or more has become a relatively common occurrence even now as they realize that foreclosures are so backed up that they can live rent free for some time. I imagine that raising interest rates will only make more people decided that it's better to default now on the higher rates and rent or purchase a less expensive home....In the short term, this could cause massive damage to the economy. Over the long term, it allows for greater deleveraging and a normalization of the housing industry as opposed to dragging this recovery out over a much longer period of time.Another downturn in the housing industry, which I think is likely even as the rest of the economy recovers, will likely be what makes 2011 and 2012 bleak.The only solutions for making this situation better, faster, include: creating jobs, speeding up the foreclosures process to get houses off the market and to prevent voluntary default, coming up with effective ways to allow homeowners to modify/refinance, and letting this monster run its course. Between the years 2000 and 2006, we more than doubled the amount of money in mortgages outstanding in the US. That is incredible when you consider that mortgages are 15-30 year maturities yet we doubled the amount in 6 YEARS! It's going to take the better part of a decade for us to recover from this and housing will be in trouble for awhile…’

 

Home foreclosures jump in 3rd quarter: regulators Reuters | U.S. home foreclosures jumped in the third quarter and banks’ efforts to keep borrowers in their homes dropped as the housing market continues to struggle.

 

More Dollar Declines in 2011? CNBC | The US dollar is likely to fall further during 2011, but the stock market could perform well, according to Peter Cardillo, chief market economist at Avalon Partners.

 

Ratigan Calls Out Obama On Pushing The Big Tarp Lie SaveOurSovereignty3 | The Big Lie is that the banksters paid back the TARP money.

 

17 National Debt Statistics Which Prove That We Have Sold Our Children And Grandchildren Into Perpetual Debt Slavery What we have done to future generations over the past 30 years is absolutely criminal. 30 years ago the U.S. national debt was a bit under one trillion dollars, and at that time it was considered a huge national crisis.

 

Have Bankers Overthrown the U.S, Government? (Yes) John Truman Wolfe | The enemy has taken control of our very financial lives without a single shot being fired.

 

Metals from copper to silver hit record highs Copper has hit yet another record high in a strong morning for metals trading, as commodities shook off China’s efforts to halt inflation by raising interest rates on Christmas Day.

 

Bernanke Only Adds Fuel To The Fire With Quantitative Easing Mr. Bernanke, Chairman of the Federal Reserve, a private corporation, would have us believe that, quantitative easing is the only way to save the US economy and to reverse the unemployment problem.

 

2010 worst year for bank failures since 1992 More banks failed in the United States this year than in any year since 1992, during the savings-and-loan crisis, according to the Federal Deposit Insurance Corp.

 

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).

 

National / World

 

Naked Wheelchair Protester Targeted by TSA Over Buttocks Steve Watson | Agents single out woman who stood up to airport tyranny, ban her from flying.

 

Feds, Police Enforce Mandatory Blood Tests At Florida Checkpoints Steve Watson & Paul Watson | “No refusal” DUI stops soon to expand nationwide.

 

Mandatory DUI Checkpoint Blood Tests Coming to Florida Kurt Nimmo | A concerted effort to raise the bar as government connives to trash the Constitution and the Bill of Rights.

 

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)  Ezra Klein | ‘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.

 

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.

 

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).

 

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.

 

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.

 

 

National / World

 

FBI Delivers Anti-terror Flyers to Farm Supply Stores Kurt Nimmo | Reader was recently visited by the FBI’s Joint Terrorism Task Force.

 

Forcing Everyone to Live with Their Heads in ‘The Cloud’ Jason Douglass | A new revolution in computing is just another means of control.

 

Poll Reveals Americans Opposed to Government Takeover of Internet Kurt Nimmo | The internet cannot be allowed to be a source of alternative information that challenges the corporate media propaganda system.

 

An Open Letter to Those Who Would Murder Julian Assange Peter Kemp | In a society where truth becomes treason, we are in big trouble.

 

Let’s Reclaim History As We Go Into 2011, And The Unknown Future Saman Mohammadi | Waking up to this new history is paralyzing at first, but it is better to be awake then to continue to live in a vegetative state, believing a false reality.

 

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.

 

Congress to Demand Answers From TSA in Airport Security Flaws Exactly one month after Chris Liu posted videos to YouTube showing what he calls “critical security flaws,” the new chairman of a House subcommittee said he will call Transporation Security Administration (TSA) leaders to Capitol Hill for an explanation.

 

Woman Who Protested TSA Pat-Downs At OKC Airport Banned From Flying The woman who made national headlines for her near-naked protest at the airport in Oklahoma City is back and once again banned from flying.

 

2011: The Seeds Of Revolution Will Be Sown 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.

 

Food Safety Bill Invokes Codex Harmonization and Grants FDA Authority to Police Food Safety of Foreign Nations Of all the talk about S.510, virtually no one has actually read the language in the bill — especially not those lawmakers who voted for it. The more you read from this bill, the more surreal it all becomes. For example, did you know there’s a global FDA power grab agenda hidden in the Food Safety Modernization Act?

 

Obscene, Threatening Comments Posted at Anti-TSA Website Traced to Homeland Security Servers According to George Donnelly, owner of WeWontFly.com, government workers appear to be posting hateful messages on his anti-TSA blog under the guise of anonymity.

 

WikiLeaks set to turn on Israel Wikileaks founder Julian Assange has promised that future documents to be published from the trove of leaked American diplomatic cables, will shed light on operations of the Mossad and Israel’s Second Lebanon War in 2006.

 

Iraq Wants the U.S. Out 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.

 

Nigeria’s deal to drop Cheney charges called illegal Lawyers and media pundits in Nigeria are accusing the government of acting illegally by agreeing to settle criminal bribery charges against Dick Cheney out of court.

 

Get Ready For A Year Of Volatility: More Flash Crashes, Fed Hating, Civil Unrest And Bad Weather Social unrest will become visible in America in 2011. There will be demonstrations in many major cities. Some will turn violent. Economics will be at the heart of the anger. The frustration that was evident in France in recent years will come to the US.

 

Exploding Bullets – Not Hairspray – Caused Bomb Scare at Miami Airport: TSA A man has been arrested after FBI and TSA officials said his luggage contained volatile gun parts, which caused his bag to explode Tuesday just before it was about to be loaded on a plane.

 

 

 

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 Joe Weisenthal, 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! ]

 

 

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's deadliest month (Washington Post 7-30-10)    World News Digest: a Worth it?  4 U.S. troops die in bomb blast in south Afghanistan (AP, July 24, 2010) ‘There will be blood’ … whoops, that’s oil, wrong movie theme. This one’s about heroin trade.  2 More Americans killed in copter crash in Afghanistan (AP) Not so much, unless they rename Tony Montana, to To Mon el Swahili and recut ‘Scarface’ to reflect an Aghanistan Heroin connection, or similarly change ‘Hurt Locker’. It’s a good thing for the military that IQ tests aren’t required.     Three U.S. Embassy guards killed in rocket attack in Baghdad's Green Zone (Washington Post) Big yes there since ‘The Green Zone’ got Hollywood movie status.   Bomb near Iraq mosque kills 15; U.S. soldier dies in road blast (Washington Post, July 22, 2010) But guess what … none of that’s worth it; even for volunteer soldiers whose suicide rate is unprecedented owing to this pointless, meaningless conflagration for the sake of the military industrial complex and the enrichment of the few; and, to which Pat Tillman was to attest which got him fragged.

Obama reminds veterans he's beginning war's end (Washington Post) Sounds like a plan! I mean, after all you must have a beginning before you have an end. Yeah, there’s a certain ineluctable logic to that; a certain ‘ring’ to it! Like full circuit ‘b*** s***!

 

Karzai officials on CIA payroll  (Washington Post)  [Riiiiight! The roster of allies … love of america breakin’ out all over the region … boy oh boy … talk about creating your own boondoggles … well, they can afford it. After all, it’s only taxpayer money and america’s already defacto bankrupt. Then again, they have the requisite licenses; viz., to kill, to steal, to distribute illegal drugs, etc.. Whew! Glad they didn’t act without the requisite licensure.] 

Drudgereport: WASHPOST TAKES ON THE SPOOKS: Hidden world, growing beyond control...
854,000 people have top-secret security clearance...
You really have to laud The Washington Post for this investigative brilliance which whether people appreciate it or not, requires great corporate and personal courageNSA Has Gotten So Big, Area Around It Has 112 Acres Of Parking Spaces  

 

N.Korean attack leaves U.S. with few options  ( Washington Post )  [ I’d be very concerned about the contrived nature of the incident as set forth by infowars.com / prisonplanet.com  as follows:  Korean War Crisis: Brought To You By Uncle Sam Despite the fact that South Korea admits it fired the first shots that prompted the North to retaliate, the vast majority of the establishment press are feverishly blaming North Korea for a new escalation in the crisis, while failing completely to acknowledge the fact that the whole fiasco was generated as a direct result of Uncle Sam’s policy through two separate administrations to ensure hereditary dictator Kim Jong-Il and his successors acquired the atom bomb.     North Korea Attack Part Of RAND Plan For Total War? The exchange of artillery fire between North and South Korea, which the North says was started by South Korea firing shells during a military drill, could act as the catalyst for a huge new conflict that the RAND Corporation has been lobbying for over the past two years.  ]   North Korea's artillery attack on a South Korean island Tuesday, coupled with its choreographed rollout of a new nuclear program, has presents the U.S. with a massive strategic challenge.   Photos: Artillery fire exchanged

 

U.S. deployment sends a message to China ( Washington Post )  [  And what message is that , pray tell … I’d say they’ve gotten the message and here’s the first installment of a reply to the multi-front contrived war / war mongering / pervasively corrupt, defacto bankrupt nation america … Drudgereport: CHINA, RUSSIA QUIT DOLLAR …     Previous:  N.Korean attack leaves U.S. with few options  I’d be very concerned about the contrived nature of the incident as set forth by infowars.com / prisonplanet.com  as follows:  Korean War Crisis: Brought To You By Uncle Sam Despite the fact that South Korea admits it fired the first shots that prompted the North to retaliate, the vast majority of the establishment press are feverishly blaming North Korea for a new escalation in the crisis, while failing completely to acknowledge the fact that the whole fiasco was generated as a direct result of Uncle Sam’s policy through two separate administrations to ensure hereditary dictator Kim Jong-Il and his successors acquired the atom bomb.     North Korea Attack Part Of RAND Plan For Total War? The exchange of artillery fire between North and South Korea, which the North says was started by South Korea firing shells during a military drill, could act as the catalyst for a huge new conflict that the RAND Corporation has been lobbying for over the past two years.  ]   North Korea's artillery attack on a South Korean island Tuesday, coupled with its choreographed rollout of a new nuclear program, has presents the U.S. with a massive strategic challenge.   Photos: Artillery fire exchanged  In sending the aircraft carrier USS George Washington to the Yellow Sea, the Obama administration says it is putting on a show of U.S. support for South Korea.     Poll: How should U.S. proceed?       Few good options for U.S.

 

Obama marks Veterans Day with a warning to North Korea (Washington Post) [  There’s a new expression goin’ round in the realm of global diplomatic discourse to supplant the censored ‘go f*** yourself’. It is, ‘go warn yourself’. I mean, after all, what nation’s been invading nations causing destruction and death of innocent lives based on lies, committing war crimes, precipitating financial crises through ubiquitous fraud, etc.. Yes, pervasively corrupt, defacto bankrupt, war criminal nation america, ‘go warn yourself’! ]

Little-confidence vote Milbank: Pelosi won her minority leader bid, but it was hardly a victory (Washington Post) [ I disagree! This was ‘victory american style’ because nothing succeeds like failure (and crime and corruption) in america. They’re still doin’ the wars though bankrupt, still no prosecutions of wall street frauds, and on and on with the typical b*** s***! ]

 

 

 

WikiLeaks founder could be charged under Espionage Act (Washington Post) [  Drudgereport: Interpol issues wanted notice for Julian Assange [ They just can’t take the truth! ] ...
US cuts access to files [ Think about it. Really think about it. Their policies are in the tank, along with the nation and the rest of this world as a consequence. Don’t those so detrimentally affected (everyone) have a right to know? I think in light of the global frauds, contrived perpetual wars though defacto bankruptcy of this and other nations, pervasive corruption and crime, failed policies domestically and geo-politically while serving the very parochial interests of the self-interested few, the answer is an unequivocal, YES! I believe that world history will write Mr. Assange as a hero in the truest sense. He should be given a medal; and, certainly, since mr. b*** s*** wobama undeservingly got a ‘nobel peace prize’ (what he does, not what he says, ie., Afghanistan, etc.), who more than Julian Assange is deserving of that and more? Cover-up / propaganda … thy name is fallen america.]...
WIKILECTURE: 'HILLARY SHOULD RESIGN' ‘…Hillary Clinton, Julian Assange said, "should resign." Speaking over Skype from an undisclosed location on Tuesday, the WikiLeaks founder was replying to a question by TIME managing editor Richard Stengel over the diplomatic-cable dump that Assange's organization loosed on the world this past weekend. Stengel had said the U.S. Secretary of State was looking like "the fall guy" in the ensuing controversy, and had asked whether her firing or resignation was an outcome that Assange wanted. "I don't think it would make much of a difference either way," Assange said. "But she should resign if it can be shown that she was responsible for ordering U.S. diplomatic figures to engage in espionage in the United Nations, in violation of the international covenants to which the U.S. has signed up. Yes, she should resign over that."…’
CITY ON EDGE: Cash-Strapped Newark, new jersey Forced To Lay Off 14% Of Police Force... [ From decades old (1978-1985) direct personal experience with newark, n.j., the police are the absolute last cuts that can be afforded to be made. Indeed, while walking through Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped / a crowd gathered / an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA’s position with both felonies ( he went to prison – pled out ). The other case I wrote about here ( This was included on my website in the Psychology discussion of ‘bystander effect’ / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparent had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp. The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal went to jail. The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so). (Other newark / new jersey and new york, n.y. metro, viz., ie., connecticut, and of course, d.c., d.c. metro, viz., ie., virginia experience … corrupt federal judges as maryanne trump barry, sam alito, shiff, matz (california), hall, underhill, dorsey, etc.. Defacto bankrupt america’s so-called system is pervasively corrupt and broken (AP)   Abolish the corrupt, costly, economically wasteful lifetime extravagantly appointed federal courts - see RICO case              http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf        http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm   )  ]

   ]

 

 

WikiLeaks founder could be charged by Feds  (Washington Post) [ He deserves a medal!  I think they should start prosecuting american war criminals, frauds on wall street, $12 billion $100 bills flown into and missing in Iraq, RICO litigation  http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf       http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm .

Wall Street Is Laundering Drug Money And Getting Away With It Zach Carter, … etc. … Drudgereport:  CLASSIFIED NO MORE: USA RACES TO LIMIT WIKILEAKS DAMAGE   [Publishing the Wikileaks is the right thing to do; after all, one cannot possibly look to even one rationally correct strategy, domestically, globally, geopolitically that would justify continued hiding/cover-up of the failed strategies, their genesis, flawed rationale, etc., which has cost this nation and the world dearly] ...
WIKILEAKS: We've been hit with 'mass distributed denial of service attack'...
MOST EMBARRASSING, DAMAGING DISCLOSURE IN DECADES...
SENATORS: PROSECUTE THE LEAKERS!
NYT EXPLAINS: THE DECISION TO PUBLISH … [The NYT clearly did the right thing to publish; after all, one cannot possibly look to even one rationally correct strategy, domestically, globally, geopolitically that would justify continued hiding/cover-up of the failed strategies, their genesis, flawed rationale, etc., which has cost this nation and the world dearly]...
SKorea says sound of artillery heard on island...
US, SKorea start major naval drills...
China issues warning...

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.]

 

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.  ]

 

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

 

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)

 

 

 

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.


 

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 suprprise 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!). …

 

 

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.

 

 

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# 

 

 

 

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.

 

                                                                                                                   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

 

 

               

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  ).  ]

 

Ex-Justice official: CIA may have exceeded limits (Washington Post)  Wee doggies! This sounds like the stuff that SNL Weekend Update ‘Really’ skits are made of; also fitting into that list of queries as, ‘Is the Pope Catholic?’, ‘Do bears **** in the woods?’, etc..  Come on! Wake up! This is the kind of complicit cover-up / corruption found betwixt and between all three branches of the u.s. government leading ineluctably to america’s current decline and to which I’ve attested under penalty of perjury in the context of the RICO litigation  [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf       http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm  ].

Wall Street Is Laundering Drug Money And Getting Away With It Zach Carter | Wachovia was moving money behind literally tons of cocaine from violent drug cartels. It wasn’t an accident.

There is really no way to rationalize or attempt to justify what america is / has become since they have with open eyes chosen this contra-indicated course of ineluctable decline, from illegal wars, to war crimes, to backing war criminal nations as israel, to huge frauds, to war profiteering, to illicit drug trafficking and money laundering, and this list goes on and on …:

(Previously) I’d say this alito vs. wobama is a tempest in a teapot inasmuch as alito is more than just a lightweight, hack, liar, fraud etc., as set forth in the comments. alito is a criminal who should have served / should be serving time in prison for obstruction of justice, bribery, among other RICO violations. To alito, drug money is as green as corporate money and worth his vote as well. In addition to being an inept [I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches)] and corrupt (see below and particularly the summary provided to the FBI under penalty of perjury  [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf       http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ] )  u.s. attorney.

You’re naïve to think that the so-called supreme court is any different from the rest of the meaningfully lawless and pervasively corrupt american ‘system’. I knew well an accomplished trial lawyer, fellow american college of trial lawyers / and a bar examiner, who pondered from time to time becoming a judge “so he’d never have to work again” – his words.

Some comments on alito…all appropriate:

Probably the worst appointment in one hundred years.

Posted by: mnjam

-----------------------

Really? That's a pretty sweeping statement to make about someone who's only been on the court a short few years.

And I thought that liberals were in universal agreement that Clarence Thomas was the worst appointment in all of history?

Posted by: blert | January 28, 2010 2:11 AM | Report abuse
----------------------------
Yes. Really. Alito is a total lightweight and hack. He makes Thomas look like John Marshall or Oliver Wendell Holmes. I KNOW ALITO.
Posted by: mnjam | January 28, 2010 2:24 AM |

the loser here is alito.lost his composure not good for a judge especially afederal or supreme justice .loser big time this will live with guy for a very time.roberts and the other justices will have a talk with him that is a given.this relly larger than o one day news cycle.
Posted by: donaldtucker | January 28, 2010 1:12 AM |

Should Alito resign or be impeached?
Posted by: jdmca | January 28, 2010 1:05 AM |

Manchurian Candidates: Supreme Court allows China and others unlimited spending in US elections  Greg Palast | Our future elections may come down to a three-way battle between China, Saudi Arabia and Goldman Sachs.       Call For Immediate Arrest of 5 Supreme Court Justices for Treason  Gordon Duff | The bloated corpse we are creating in Washington is emitting a stench we can no longer abide.     The aforesaid would be shocking to anyone without a modicum of knowledge of the reality of pervasive corruption within the u.s. courts themselves and america generally, including all three branches of the u.s. government.

Ron Paul: After ‘CIA coup,’ agency ‘runs military’  US House Rep. Ron Paul says the CIA has has in effect carried out a “coup” against the US government, and the intelligence agency needs to be “taken out.”  I also personally believe there has been a defacto coup d’etat which has manifested in various substantial, blatant, brazened frauds, ie., wall street, missing 360 tons of $100 bills in Iraq, war profiteering, etc., without any fear of prosecution, and of course concomitant decline for u.s. as the treasury is looted. But I also believe its scope is beyond just the CIA with many complicit within the corrupted 3 branches of u.s. government (fed judges, us attorneys, illegal system, etc.) plus the military and private big money, ie., Goldman Sachs / wall street men, etc., among other organized crime. america is defacto bankrupt in every way!

  Rendition: Where the War on Terror Meets the War on Drugs Patrick Henningsen | It’s time to ditch the policies we have come to tolerate for decades before they consume what is left of our moral core. I’ve experienced the corrupt inter-relationship of the government (all 3 corrupt branches) and the illegal drug trade / obstruction of justice / bribery first hand, particularly the courts / u.s. attorneys offices (ie., alito – now u.s. supreme court justice – quid pro quo for his complicity / cover-up), feds; see immediately after article excerpt for links / summary.

…“Evidence points to aircraft – familiarly known as “torture taxis” – used by the CIA to move captives seized in its kidnapping or “extraordinary rendition” operations through Gatwick and other airports in the EU being simultaneously used for drug distribution in the Western hemisphere. A Gulfstream II jet aircraft N9875A identified by the British Government and the European Parliament as being involved in this traffic crashed in Mexico…” In 2004, another torture taxi crashed in a field in Nicaragua with a ton of cocaine aboard… Mexican soldiers found ..132 bags containing 3.3 metric tons of cocaine. The origination of the Gulfstream’s flight is unknown but it was destined for Cancun when it crash landed. Again, here is the important point: that same Gulf Stream II was one of the very same planes chartered to the CIA for the rendition of suspected terrorists prisoners. Gulf Stream II crashed in Mexico with 3 tons of cocaine on board ..it should not be surprising that this illegal practice of rendition has in some part, been used as a well-run smokescreen for another borderless illegal operation- an extremely lucrative international transfer and delivery of cash and narcotics.,,These flights are not subject to regular customs checks, inspections or normal regulations as they move seamlessly between destinations in the US, Britain, Europe, Middle East, Central Asia, Cuba and possibly through US bases in Turkey, Greece and Morocco…

Corrupt u.s. courts / judges: Their lifetime plush appointments should be abolished, which corrupt entities are unheard of in productive societies as China, Japan, etc.. Time to abolish these drags on society and eliminate their lifetime stipends and costly bureaucracies. Rules of law mean nothing to these typically corrupt americans. Most, including sam alito of the u.s. supreme court, concerning  drug money laundering and obstruction of justice in the 3rd circuit ( also maryanne trump barry who covered-up drug money laundering through her brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the money, personal money, big, cash, untraceable money. The fog of war is great for such things (360 tons $100 bills flown into Iraq and missing, etc.).

 [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf       http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm  ]. america’s just a fraudulent and failed defacto bankrupt nation.

NSA beats warrantless wiretap rap A Federal judge has dismissed a complaint against the National Security Agency’s (NSA)

Corrupt u.s. courts / judges: Their lifetime plush appointments should be abolished, which corrupt entities are unheard of in productive societies as China, Japan, etc.. Time to abolish these drags on society and eliminate their lifetime stipends and corrupt costly bureaucracies.

There must be such things as parallel universes (I don’t really believe that, because there isn’t) or how else do you explain the disconnect between reality, current and prospective, and the wet dreams posited to keep the war funding / corporate welfare programs alive in collectively what has already become a trillion dollar boondoggle (not counting prospective medical costs, etc.) and promises to go much higher. Even israel apologist Cohen of The Washington Post alludes to the Vietnam analogy. However, even if there were real goals beyond the poppy / heroin trade which the Taliban had all but eradicated (there isn’t); even if america wasn’t defacto bankrupt (america is); even if america wasn’t killing innocent civilians in large numbers (war criminal nation america is); even if america’s allies haven’t similarly helped to bankrupt themselves by way of this war (they have); even if I hadn’t told you so (I did) ….. this war still was, is, and remains a very bad idea!

Afghan war overtakes Vietnam to become the longest conflict in U.S. history  Mail Online | The war entered its 104th month yesterday, with 30,000 American troops being deployed in the first half of this year alone.

How does anyone take the u.s. seriously in light of their credibility problems, war crimes, etc.? What nuke technology israel didn’t steal from the u.s., the u.s. gave them along with missile, armaments, etc.. and paid for with taxpayer money that u.s. taxpayers and the defacto bankrupt nation don’t have.

It's time to expel israel from the UN Without doubt, the israeli attack on the Gaza-bound "Freedom Flotilla" in the dawn of Monday, May 31, 2010 is one of the most savage crimes in recent history. It seems the ruling power in Tel Aviv has been afflicted with a variant of mad cow disease; otherwise, how could it be so cruel to unleash such a beastly raid on the "Mavi Marmara," the Turkish flagship of a flotilla carrying medical and humanitarian supplies to the hapless people of Gaza Strip?

The israeli Spin-Machine in Overdrive: dershowitz to the Rescue?  Armed Israeli commandos, the elite of the elites, rappelled to the deck of a Turkish ship carrying humanitarian relief supplies to the 1.5 million prisoners in the Gaza concentration camp.

You think Iraq was bad? Invading Iran ‘would be lunacy’ Ivan Eland, Director of the Center on Peace and Liberty at the Independent Institute in Washington DC, gives his opinion on new sanctions imposed on Iran.

I include the first two comments to the foregoing headline:

Billo Says:

June 11th, 2010 at 6:15 am

Lunacy? Keep in mind that this country is run and controlled by lunatics. Our press government and military seem to take their orders from Israel. Isarel wants to be known as a pack of “mad dogs. Do we want “mad dogs” controlling us?

Here we see a bunch of phony accusations against Iran just like we did in the run up to the bogus wars in Iraq, Afghanistan and now Pakistan. The boy has cried wold ten thousand times. It’s time to identify the “lunatics” and kindly take away the car keys. If you won’t let your friends drive drunk, why do we let a bunch of “lunatic” enemies run this place.

Glen Reply:

June 11th, 2010 at 6:47 am

Lunacy it would be.

But it is also to their great credit that the Iranians have not made their own threats.

Everyone knows there are 3 WMD threats, Nuclear Biological and chemical. The scariest of which is Biological.

Any attack done under the threat of immediate biological retaliation would deter only the insane.

Watch out america home of the insane, home of the leaders who want an 80% population reduction.

General McChrystal’s Burning Contempt for the Puppet Obama The farce that is the war in Afghanistan is coming apart at the seams. General Stanley McChrystal’s sharp comments about Obama, Biden, and the administration published by Rolling Stone are not so much about disrespect, as the script-reading corporate media talking heads would have it, but rather about a policy in disarray in Afghanistan.

Gaza blockade illegal, must be lifted — UN rights official      Israeli blockade of Gaza unsustainable: White House       US Jewish opinion and the ‘Beinart moment’ The controversial book, The Israel Lobby, in which the political scientists, John Mearsheimer and Stephen Walt, argued that US foreign policy has been hijacked by organized Zionism went strangely unnoticed by the leading journal of American intellectual opinion, the New York Review of Books.      Doubts Grow Over Israel’s Value as U.S. Ally Jim Lobe | The notion is that Israel and its actions have since the Cold War increasingly become a “strategic liability” to U.S. interests in the region.

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    


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.scribd.com/alpeia
http://alpeiablog.blogspot.com
http://www.albertpeia.com/alresume.htm

 


http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm 

 

You may post a comment on my blog on any topic: http://alpeiablog.blogspot.com

 

Drudgereport: JUNE UNEMPLOYMENT 9.5%... 125,000 JOBS LOST...
Rate dips as 652,000 give up search...
Depressing... [That’s why they’re called depressions (just kidding … but no laughing matter) …  At this rate, with all those lost jobs and jobseekers no longer seeking those lost jobs that aren’t there, by their calculations (9.5% the bright spot … riiiiight!) we should be at full employment very soon … you can’t make this stuff up … really!].
New jobless claims rise [again]...
'Surprise'...
Pending home sales plunge record 30%...
Weak economic data suggest 'recovery' fizzling...
Fears mount over slowing global demand...
UN committee calls for dumping US dollar...
Six Months to Go Until the Largest Tax Hikes in History...
KRUGMAN: 'We are now, I fear, in the early stages of a third depression'...
STOCKS HIT LOWEST OF YEAR...
DEBT SOARS TO HIGHEST LEVEL SINCE WWII...
PRIVATE SECTOR SEES WEAKER JUNE JOBS...
Sputtering...  
Bilderberg 2010: Between the sword and the wall...
Protesters 'being detained, searched, questioned'...
Final List of Participants...
Stephen Hawking: Aliens exist but don't talk to them -- it's too dangerous … might not like us… Oh pshaw! … Human nature, man’s inhumanity to man? … Such humble beginnings and evolutionary history  … What’s not to like? … Besides, not to worry.  With their advanced technologies that defy human understanding, the aliens already know you’re here … to stay. So, not to worry. After all, as we know from that documentary of that same name, ‘Earth Girls Are Easy’ … and then there’s photosynthesis on earth in a very big way also going for it! ...  
Seeing Aliens Will Likely Take Centuries. Centuries? Not goin’ to happen; at best, decades.